Stockwinners Market Radar for May 15, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BMY | Hot Stocks20:59 EDT Bristol Myers' Breyanzi CAR-T therapy approved by FDA in follicular lymphoma - The company states: "Bristol Myers announced the U.S. Food and Drug Administration has granted accelerated approval for Breyanzi, a CD19-directed chimeric antigen receptor T cell therapy, for the treatment of adult patients with relapsed or refractory follicular lymphoma, or FL, who have received two or more prior lines of systemic therapy. This indication is approved under accelerated approval based on response rate and duration of response. Continued approval for this indication may be contingent upon verification and description of clinical benefit in confirmatory trial(s). Breyanzi is also now included in the National Comprehensive Cancer Network for B-cell Lymphomas as a Category 2A recommendation for third-line and subsequent therapy for relapsed or refractory FL. In relapsed or refractory FL, Breyanzi is delivered as a one-time infusion** with a single dose containing 90 to 110 x 106 CAR-positive viable T cells. Please see the Important Safety Information section below, including Boxed WARNINGS for Breyanzi regarding Cytokine Release Syndrome, Neurologic Toxicities, and Secondary Hematological Malignancies."
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RBLX | Hot Stocks20:05 EDT Cathie Wood's ARK Investment buys 50K shares of Roblox today
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HUMA | Hot Stocks19:54 EDT Humacyte director buys $667.5K in common stock - In a regulatory filing, Humacyte disclosed that its director Gordon Binder bought 100K shares of common stock on May 14th in a total transaction of $667.5K.
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PSA | Hot Stocks19:52 EDT Public Storage director buys $599.5K in common stock - In a regulatory filing, Public Storage disclosed that its director Kristy Pipes bought 2.1K shares of common stock on May 14th in a total transaction of $599.5K.
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DRMA | Hot Stocks19:50 EDT Dermata Therapeutics Inc trading halted, news pending
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ELWS | Hot Stocks19:50 EDT Earlyworks Co Ltd - ADR trading halted, news pending
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SEEL | Hot Stocks19:50 EDT Seelos Therapeutics trading halted, news pending
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AES | Hot Stocks18:21 EDT AES Corp. to sell its equity Interest in AES Brasil for about $640M - The AES Corporation "announced that it has agreed to sell its 47.3% equity interest in AES Brasil to Auren Energia for approximately $640 million in proceeds to AES. This sale will be completed in conjunction with a merger between AES Brasil and Auren Energia, with AES Brasil shares valued at approximately 11.55 Brazilian Real per share, before purchase price adjustments. Including this sale, as well as others closed in 2023 and 2024, AES will have achieved more than half of its $3.5 billion asset sale proceeds target through 2027."
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ZTO | Hot Stocks18:05 EDT ZTO Express backs 2024 parcel volume outlook - The company states: "Based on current market conditions and current operations, the Company reiterates that its parcel volume for 2024 is expected to be in the range of 34.73 billion to 35.64 billion, representing a 15% to 18% increase year over year."
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RIG... | Hot Stocks18:04 EDT Elliott buys Transocean, sells Valaris in Q1 - Paul Singer's Elliott Management disclosed in an SEC filing its holdings as of March 31, 2024. The fund's new buys during the first quarter included, in order of size, Transocean (RIG), HDFC Bank (HDB), iShares Bitcoin Trust (IBIT), and Nvidia (NVDA). Elliott exited a number of positions during the quarter, including by size of previous position iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), Fidelity National (FNF), Valaris (VAL), and Reservoir Media (RSVR). The fund increased its stake in Suncor Energy (SU), Match Group (MTCH), BioMarin (BMRN), Etsy (ETSY), and Liberty Broadband Class C (LBRDK), while it reduced its stake in Peabody Energy (BTU), Marathon Petroleum (MPC), Howmet (HWM), and Seadrill (SDRL). Elliott's top holdings as of March 31, in order of size, were Suncor Energy, Triple Flag (TFPM), Marathon, Pinterest (PINS), and NRG Energy (NRG).
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TSRI | Hot Stocks18:00 EDT TSR trading resumes
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CERE... | Hot Stocks17:55 EDT Soros buys Okta, cuts Amazon in Q1 - George Soros' Soros Fund Management disclosed in an SEC filing its holdings as of March 31, 2024. The fund's new buys during the first quarter included, by size of position, Cerevel Therapeutics (CERE), Okta (OKTA), WestRock (WRK), PG&E (PCG), and Sunrun (RUN). Soros exited five holdings during the quarter, including by size of previous position iShares Russell 2000 ETF (IWM), SPDR S&P 500 ETF Trust (SPY), SPDR Euro Stoxx 50 ETF (FEZ), Las Vegas Sands (LVS), and Birkenstock (BIRK). The fund increased its stake in multiple holdings, including by size of previous position Alphabet Class A (GOOGL), Aramark (ARMK), D.R. Horton (DHI), American Equity (AEL), and SPDR S&P Regional Banking ETF (KRE). Soros reduced its stake in multiple holdings, including by size of previous position Novo (NVO), Sempra (SRE), CRH (CRH), Amazon (AMZN), and AerCap (AER). The fund's top holdings as of March 31, in order of size, were Alphabet Class A, AerCap, American Equity, Novo, and Cerevel.
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AMZN | Hot Stocks17:44 EDT Arizona AG Mayes accuses Amazon of being monopolistic and deceptive - Attorney General Kris Mayes announced that Arizona has sued Amazon, accusing the online giant of unfair and deceptive business practices under the Arizona Consumer Fraud Act and the Arizona Uniform State Antitrust Act. Attorney General Kris Mayes saidin part:"Amazon's anti-competitive and monopolistic practices have artificially inflated prices for Arizona consumers and harmed smaller third-party retailers that rely on its platform," said Attorney General Mayes. "Amazon must be held accountable for these violations of our state laws. No matter how big and powerful, all businesses must play by the same rules and follow the same laws as everyone else The first lawsuit focuses on Amazon Prime's cancellation process, which the suit alleges is intentionally confusing and misleading, a strategy Amazon tellingly called Project Iliad. ...The second lawsuit targets Amazon's Buy Box algorithm, which determines which offer for a given product is made available via the 'Buy Now" or 'Add to Cart" buttons. Amazon portrays itself as a cost-conscious retailer and publicly asserts that the Buy Box algorithm is intended to choose the offer that most consumers would prefer....But the lawsuit claims the Buy Box algorithm is actually biased toward offers that maximize Amazon's profits, often favoring its own products or those of Fulfillment by Amazon FBA sellers over better non-FBA options. Additionally, the lawsuit accuses Amazon of unfairly maintaining its market dominance by enforcing unlawful price parity agreements through its Business Services Agreement. These agreements allegedly prevent third-party sellers from offering lower prices outside of Amazon, hindering competition against Amazon as a retailer and marketplace provider - ultimately inflating prices for Arizona consumers."Arizona consumers deserve to be treated fairly and without deception by big corporations like Amazon, and small businesses deserve a level playing field," said Attorney General Mayes. "Amazon should change its business practices to comply with Arizona law." Reference Link
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VERV | Hot Stocks17:39 EDT Verve Therapeutics COO buys $475.8K in common stock - In a regulatory filing, Verve Therapeutics disclosed that its COO/General Counsel Andrew Ashe bought 76K shares of common stock on May 14th in a total transaction of $475.8K. Shares of Verve Therapeutics are up 4.3% afterhours at $6.50.
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NKE | Hot Stocks17:35 EDT Chairman of Nike Mark Parker sells $15.7M in company shares - Chairman of Nike Mark Parker disclosed the sale of 168,378 shares of company stock at $93.14 per share on May 24, for a total transaction amount of $15,682,727.
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TSRI | Hot Stocks17:33 EDT TSR to be acquired by Vienna Parent Corporation for $13.40 per share - Vienna Parent Corporation, a newly formed special purpose entityformed by Justin Christian, announced that it has entered into a definitive agreement to acquire TSR, Inc. Under the terms of the agreement, Vienna Acquisition Corporation, an affiliate and wholly-owned subsidiary of Vienna Parent, will commence a tender offer to purchase all of the outstanding shares of TSR for $13.40 per share, representing an equity value of approximately $29 million. The total consideration payable to TSR's shareholders represents a 73.8% premium to TSR's closing price on May 14, 2024. The transaction has been approved by the boards of directors of both companies. The transaction is expected to close in the third quarter of 2024, subject to customary closing conditions, including the tender of a majority of the outstanding shares of TSR's common stock.
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ATUS... | Hot Stocks17:31 EDT Paulson buys Carrols, exits SSR Mining in Q1 - John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of March 31, 2024. The fund's new buys during the first quarter included, by size of position Altice USA (ATUS) and Carrols Restaurant (TAST). Conversely, Paulson exited its stake in SSR Mining (SSRM) during the quarter. The fund increased its stake in several holdings, including by size of previous position Madrigal Pharma (MDGL), International Tower Hill Mines (THM), and Novagold Resources (NG). Meanwhile, the fund reduced its stake in Anglogold (AU). Paulson's top holdings as of March 31, in order of size, were Madrigal, Bausch Health (BHC), Brightsphere (BSIG), Perpetua Resources (PPTA), and Novagold.
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EG | Hot Stocks17:31 EDT Everest Group raises quarterly dividend to $2.00 per share from $1.75 - This dividend will be payable on or before June 14, 2024 to all shareholders of record as of May 29, 2024.
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TSRI | Hot Stocks17:25 EDT TSR trading halted, news pending
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GS... | Hot Stocks17:16 EDT Third Point takes new position in Alphabet, exits U.S. Steel - Third Point LLC disclosed in an SEC filing its holdings as of March 31. Third Point's new buys during the quarter included, by size of position, Alphabet (GOOGL), Advance Auto (AAP), Marvell Technology (MRVL), and Goldman Sachs (GS). Third Point exited four positions during the quarter, including by size of previous position, U.S. Steel (X), DuPont de Nemours (DD), McKesson (MCK), and BioMarin (BMRN). Third Point increased its stake in a number of holdings, including by size of previous position, Amazon (AMZN), Meta Platforms (META), Intercontinental Exchange (ICE), Apollo Global (APO), and Corpay (CPAY). Third Point reduced its stake in a number of holdings, including by size of previous position, International Flavors (IFF), Uber (UBER), Microsoft (MSFT), Bath & Body Works (BBWI), and Vistra Corp (VST). Third Point's top holdings as of March 31, in order of size, were PG&E (PCG), Amazon, Microsoft, Bath & Body Works, and Meta Platforms.
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TRP | Hot Stocks17:11 EDT TC Energy to appeal court rulings in Columbia Pipeline acquisition lawsuit - TC Energy stated that it "strongly disagrees" with the final decision issued today by the Delaware Chancery Court allocating liability for earlier determined damages in an ongoing class action lawsuit related to TC Energy's 2016 acquisition of Columbia Pipeline Group. The Court previously held, in a decision issued in June 2023, that the former CEO and CFO of Columbia breached their fiduciary duties to Columbia stockholders and that TC Energy aided and abetted those breaches. TC Energy believes the Court made #material errors of fact and law in its decisions# and will appeal the determinations to the Delaware Supreme Court. In its May 15 decision, the Court awarded the Columbia stockholders damages of $398.4M and has allocated responsibility for that award in the amount of 50% to the former Columbia CEO and CFO, collectively, and 50% per cent to TC Energy. TC Energy's allocated share of the damages is $199.2M, plus an estimated $179.5M in pre- and post-judgment interest. TC Energy will appeal the Court's decision and anticipates that the appeal will proceed through 2024 and conclude by mid-2025. TC Energy will post a bond in lieu of paying the damages award pending the outcome of its appeal.
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UAN... | Hot Stocks17:01 EDT Icahn takes stakes in CVR Partners and JetBlue, exits position in FirstEnergy - Carl Icahn's Icahn Capital disclosed in an SEC filing its holdings as of March 31. Icahn's two new buys during the quarter included, by size of position, CVR Partners (UAN) and JetBlue (JBLU). Icahn exited two positions during the quarter, including by size of previous position, FirstEnergy (FE) and Newell Brands (NWL). Icahn increased its stake in one holding, International Flavors (IFF). Icahn's top holdings as of March 31, in order of size, were Icahn Enterprises (IEP), CVR Energy (CVI), Southwest Gas (SWX), Bausch Health (BHC) and International Flavors.
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ALIT... | Hot Stocks17:00 EDT Starboard Value buys Alight, cuts Humana in Q1 - Jeffrey Smith's Starboard Value disclosed in an SEC filings its holdings as of March 31, 2024. The fund's new buys during the first quarter included Alight (ALIT). Starboard also exited its position in Vertiv (VRTV). The fund increased its stake in four holdings during the quarter, including by size of previous position News Corp. Class A (NWSA), Rogers (ROG), Algonquin Power (AQN), and Mercury Systems (MRCY). Starboard reduced its stake in multiple holdings, including by size of previous position Humana (HUM), Aecom (ACM), Wix.com (WIX), Fortrea (FTRE), and Salesforce (CRM). The fund's top holdings as of March 31, in order of size, were GoDaddy (GDDY), Gen Digital (GEN), Algonquin Power, Alight, and Salesforce.
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INTU... | Hot Stocks16:53 EDT Lone Pine Capital takes new position in Intuit, exits Alphabet stake - Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of March 31. Lone Pine's four new buys during the quarter included, by size of position, Intuit (INTU), Blackstone (BX), Philip Morris (PM), and GE (GE). Lone Pine exited a number of positions during the quarter, including by size of previous position, Alphabet (GOOGL), TransDigm (TDG), BILL Holdings (BILL), Tempur Sealy (TPX), and Floor & Decor (FND). Lone Pine increased its stake in a number of holdings, including by size of previous position, Block (SQ), Meta Platforms (META), Bath & Body Works (BBWI), Dick's Sporting Goods (DKS), and ASML (ASML). Lone Pine reduced its stake in a number of holdings, including by size of previous position, Mastercard (MA), Workday (WDAY), EPAM Systems (EPAM), Live Nation (LYV), and TSMC (TSM). Lone Pine's top holdings as of March 31, in order of size, were Meta Platforms, Amazon (AMZN), TSMC, Microsoft (MSFT), and Salesforce.
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GCTK | Hot Stocks16:46 EDT GlucoTrack to effect 1-for-5 reverse stock split - Glucotrack announced that it will effect a 1-for-5 reverse stock split of its issued and outstanding common stock, effective with the opening of trading on Monday, May 20.
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GLPG | Hot Stocks16:46 EDT Galapagos and BCA collaborating for U.S.-based CAR-T manufacturing network - Galapagos and Blood Centers of America, BCA, announced that they have entered into a strategic collaboration for the decentralized manufacturing of Galapagos' CAR-T cell therapies through BCA's network in the U.S. Under the terms of the collaboration agreement, BCA will provide access to its extensive network of over 50 community blood centers in 43 states for Good Manufacturing Practice compliant manufacturing for Galapagos' CAR-T hemato-oncology clinical program. .."Our collaboration with Blood Centers of America marks a major milestone for Galapagos' U.S. expansion by establishing centers for support of our pivotal studies, with the potential to be used for commercial introduction. Working with BCA's extensive nationwide network allows us to efficiently scale up decentralized CAR-T therapy manufacturing across the U.S., while their established infrastructure helps us harmonize operations and access apheresis capacity," said Dr. Paul Stoffels1, CEO and Chairman of the Board of Directors of Galapagos. "This agreement complements the existing collaborations between Galapagos and Landmark Bio and Thermo Fisher Scientific and translates to a significant step forward in our aspiration to bring CAR-T therapies to more patients with a vein-to-vein time of just seven days."
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APGE | Hot Stocks16:41 EDT Apogee doses 1st patient in atopic dermatitis trial of IL-13 antibody APG777 - Apogee Therapeutics announced that it has initiated dosing in the Phase 2 trial of APG777 in patients with moderate-to-severe atopic dermatitis. APG777 is a novel, subcutaneously-administered half-life extended monoclonal antibody targeting IL-13 - a critical cytokine in inflammation and a primary driver of AD. "We are thrilled to begin patient dosing in our Phase 2 trial of APG777, marking a significant step forward in the advancement of this program and to further realizing the impact a fully-optimized antibody with extended half-life could have on the treatment of AD compared to other available biologics," said Michael Henderson, MD, Chief Executive Officer of Apogee. "The initiation of this Phase 2 trial is supported by the highly encouraging results of our Phase 1 healthy volunteer trial that were reported earlier this year. With a potentially best-in-class pharmacokinetic profile, sustained pharmacodynamic responses, and well-tolerated safety profile, we believe APG777 could offer improved clinical responses with less frequent dosing than current standard of care. We look forward to the advancement of this trial and initial 16-week data in the second half of 2025."
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FCPT | Hot Stocks16:40 EDT Four Corners Property Trust acquires Longhorn Steakhouse property for $2.0M - Four Corners Property Trust is pleased to announce the acquisition of a Longhorn Steakhouse property for $2.0 million. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a net lease. The transaction was priced at a cap rate in range with previous FCPT transactions.
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LOW... | Hot Stocks16:38 EDT Pershing Square exits Lowe's, cuts Chipotle in Q1 - William Ackman's Pershing Square Capital Management disclosed in an SEC filing its holdings as of March 31, 2024. The fund exited one position during the first quarter, namely Lowe's (LOW), and reduced its stake in Chipotle (CMG). Pershing's top holdings as of March 31, in order of size, were Chipotle, Hilton Worldwide (HLT), Restaurant Brands (QSR), Alphabet Class C (GOOG), and Howard Hughes (HHH).
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PANW IBM | Hot Stocks16:35 EDT Palo Alto Networks, IBM to jointly provide AI-powered security offerings - Palo Alto Networks (PANW) and IBM (IBM)announced a broad-reaching partnership to deliver AI-powered security outcomes for customers. The announcement is a testament to Palo Alto Networks' and IBM's commitment to each other's platforms and innovative capabilities. The expanding and complex enterprise technology landscape, driven by digital transformation and the rapid growth of AI, presents significant cybersecurity challenges. To address increasingly sophisticated threats and evolving attack surfaces, organizations are prioritizing comprehensive security platforms that are underpinned by AI. Palo Alto Networks and IBM aim to help streamline and transform security operations, stop threats at scale, and accelerate incident remediation for their customers with the complete AI-powered approach that is required. These industry dynamics, paired with today's partnership announcement, present significant opportunities for both companies. As part of this expanded partnership, Palo Alto Networks has agreed to acquire IBM's QRadar SaaS assets, including QRadar intellectual property rights, subject to customary closing conditions. Upon closing, Palo Alto Networks and IBM will facilitate the migration of QRadar SaaS clients to Cortex XSIAM, the leading next-generation security operations platform, with advanced AI-powered threat protection supported by 3,000 out-of-the-box detectors. On-premise QRadar clients who wish to remain on QRadar on-prem will continue to receive IBM features and support including security, usability and critical bug fixes, as well as updates to existing connectors and the ability to expand consumption. For both QRadar SaaS and on-prem clients who chose to migrate to Cortex XSIAM, the companies, along with their ecosystem of business partners, will closely collaborate to enable a smooth transfer, with IBM and Palo Alto Networks offering no-cost migration services to qualified customers. As part of this agreement, IBM will receive incremental payments from Palo Alto Networks for QRadar on-prem clients who choose to migrate to the Cortex XSIAM platform.
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ATS | Hot Stocks16:34 EDT ATS Corporation to acquire Paxiom Group - ATS Corporation "announced it has entered into a definitive agreement to acquire Paxiom Group, a provider of primary, secondary, and end-of-line packaging machines in the food and beverage, cannabis, and pharmaceutical industries. Paxiom has been building leading automated packaging solutions for over 30 years, providing a vast product line that includes precision weigh filling, bagging, wrapping, labelling, conveyors, case forming, robotic case packing and end of line palletizing equipment that will complement ATS' businesses CFT, Raytec, Marco, IWK, and NCC and allows ATS to offer complete packaging and end-of-line solutions. In its calendar year ended December 31, 2023, Paxiom generated revenues of approximately $67 million and an adjusted EBITDA margin1 above 19%, with the majority of revenues being generated in North America. The purchase price represented an EV/EBITDA multiple accretive to ATS' current trading multiple, however, specific financial terms of the transaction were not disclosed. The transaction is expected to close in the third calendar quarter of 2024, subject to customary closing conditions. ATS plans to fund the acquisition with cash and by drawing on its revolving credit facility. "
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TNL | Hot Stocks16:32 EDT Travel + Leisure boosts share repurchase authorization by $500M - The board of directors of Travel + Leisure Co. declared a regular cash dividend on the company's common stock of 50c per share, payable June 28, 2024 to shareholders of record as of June 14, 2024. The Board of Directors also approved an increase to the authorized capacity of the Company's share repurchase program by $0.5B.
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WWR | Hot Stocks16:31 EDT ISS urges voting 'FOR' each proposal at Westwater shareholder meeting - Westwater Resources announced that an independent proxy solicitation firm - Institutional Shareholder Services Inc. - has recommended voting "FOR" each of the five proposals pending before the shareholders at Westwater's 2024 Annual Meeting scheduled for May 30, 2024. As detailed in the proxy statement filed on April 5, 2024 for the Annual Meeting, there are five proposals that are being presented to Westwater's shareholders for approval: (1) to re-elect the five directors; (2) to increase the number of shares available for award, and the limit on such awards, under Westwater's employee incentive plan; (3) an advisory vote on executive compensation; (4) to ratify Moss Adams as the company's independent auditor; and (5) to increase the number of authorized shares of common stock. ISS has recommended a vote "FOR" each proposal.
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CB... | Hot Stocks16:27 EDT Berkshire Hathaway takes new position in Chubb, exits HP Inc stake - Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of March 31. Berkshire's one new buy during the quarter was Chubb (CB). Berkshire exited one position during the quarter, HP Inc (HPQ). Berkshire increased its stake in one holding, Occidental (OXY). Berkshire reduced its stake in a number of holdings, including by size of previous position, Apple (AAPL), Paramount (PARA), Sirius XM (SIRI), Louisiana- Pacific (LPX), and Chevron (CVX). Berkshire's top holdings as of March 31, in order of size, were Apple, Bank of America (BAC), American Express (AXP), Coca-Cola (KO), and Chevron.
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FERG... | Hot Stocks16:27 EDT Peltz's Trian Fund cuts Ferguson, Allstate in Q1 - Nelson Peltz's Trian Fund Management disclosed in an SEC filing its holdings as of March 31, 2024. The fund reduced its stake in two holdings, including by size of previous position Ferguson (FERG) and Allstate (ALL). Trian's top holdings as of March 31, in order of size, were Disney (DIS), Janus Henderson (JHG), Wendy's (WEN), General Electric (GE), and Invesco (IVZ).
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CB | Hot Stocks16:25 EDT Chubb jumps 6% to $269.18 after Berkshire reports stake
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CB | Hot Stocks16:25 EDT Buffett's Berkshire discloses nearly 26M share stake in Chubb
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DO | Hot Stocks16:19 EDT Diamond Offshore awarded two-year contract extension for drillship - Diamond Offshore has executed a two-year contract extension with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the U.S. Gulf of Mexico for the Ocean BlackHawk, commencing in November 2024 in direct continuation of the rig's current contract. This contract extension represents approximately $350M dollars of additional backlog, excluding any managed pressure drilling services, and replaces the one-year priced option that was agreed in May 2023. Anadarko retains three one-year unpriced options. Total contract backlog is now approximately $2.1B.
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CSCO | Hot Stocks16:18 EDT Cisco jumps 5% to $52.15 after Q3 results beat, FY24 revenue guidance raised
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ADBE... | Hot Stocks16:18 EDT Appaloosa takes new positions in Adobe and Boeing, boosts Alibaba stake - David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of March 31. Appaloosa's new buys during the quarter included, by size of position, Adobe (ADBE), JD.com (JD), and Boeing (BA). Appaloosa exited a number of positions during the quarter, including by size of previous position, HCA Healthcare (HCA), FMC Corp (FMC), Whirlpool (WHR), Mohawk Industries (MHK), and General Motors (GM). Appaloosa increased its stake in a number of holdings, including by size of previous position, Alibaba (BABA), Oracle (ORCL), PDD (PDD), Baidu (BIDU), and UPS (UPS). Appaloosa reduced its stake in holdings, including by size of previous position, Uber (UBER), Meta Platforms (META), Intel (INTC), Macy's (M), and Microsoft (MSFT). Appaloosa's top holdings as of March 31, in order of size, were Alibaba, Amazon (AMZN), Microsoft, Meta Platforms, and Nvidia (NVDA).
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YUM | Hot Stocks16:18 EDT Yum! Brands announces authorization for stock repurchase of up to $2B - Yum! Brands approved a new share repurchase authorization which authorizes repurchases of up to $2.0 billion in shares of common stock from July 1, 2024, through December 31, 2026. The prior outstanding authorization approved in September 2022 expires on June 30, 2024.
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SLCA | Hot Stocks16:17 EDT U.S. Silica increasing prices in Industrial and Specialty Products segment - U.S. Silica's Industrial and Specialty Products segment will increase prices for most of its non-contracted silica, aplite, diatomaceous earth, clay, perlite, and cellulose products used primarily in glass, filtration, foundry, paints, coatings, elastomers, roofing, chemicals, recreation, building products, renewable diesel, industrial oil, and other applications. Price increases will range up to 20% depending on the product and grade and go into effect for shipments beginning July 1.
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ABG | Hot Stocks16:16 EDT Asbury Automotive raises stock repurchase authorization to $400M - Asbury Automotive Group announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400M. "This expansion of our previous authorization reflects the commitment to our disciplined capital allocation approach," said David Hult, Asbury's President and Chief Executive Officer. "The expanded buyback program gives us confidence in the execution of our strategy and the outlook for our business. With our strong cash flow and balance sheet, we believe we can deliver the best returns for our shareholders over the long-term."
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CSCO | Hot Stocks16:14 EDT Cisco reports Q3 adjusted gross margin 68.3%, GAAP gross margin 65.1%
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CSCO | Hot Stocks16:13 EDT Cisco reports Q3 total subscription revenue of $6.9B including Splunk - Total subscription revenue of $6.9B including Splunk, representing 54% of total revenue. Total annualized recurring revenue at $29.2B including $4.2B from Splunk, up 22% year over year, and product ARR at $15.5B, up 44% year over year.
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QDEL | Hot Stocks16:13 EDT QuidelOrtho opens new distribution center in Pedricktown, NJ - QuidelOrtho Corporation has launched a second state-of-the-art United States distribution center in Pedricktown, New Jersey. "At QuidelOrtho, we embrace a culture of relentless improvement. With the startup of our second distribution center in the United States, we're making great strides in maintaining and enhancing a truly robust supply chain approach to distribute our products," said Phil McLellan, Senior Vice President, Operations, QuidelOrtho. "This milestone underscores our dedication to operational excellence and responsiveness to customer feedback."
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T ASTS | Hot Stocks16:12 EDT AST SpaceMobile, AT&T announce definitive commercial agreement - AT&T (T) and AST SpaceMobile (ASTS) have entered a definitive commercial agreement to provide a space-based broadband network direct to everyday cell phones. This agreement extends until 2030. Previously the companies were working together under a Memorandum of Understanding. This is not just one small step, but one giant leap towards enhanced connectivity for consumers and businesses across the country. This summer, AST SpaceMobile plans to deliver its first commercial satellites to Cape Canaveral for launch into low Earth orbit. These initial five satellites will enable commercial service that was previously demonstrated with several key milestones. These industry first moments during 2023 include the first voice call, text and video call via space between everyday smartphones.
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HOOD | Hot Stocks16:12 EDT Robinhood reports April assets under custody $123.3B - Robinhood reported select monthly operating data for April. Funded Customers at the end of April were 24M, up approximately 90 thousand from March. Assets under custody at the end of April were $123.3B, down 5% from March. Net deposits were $4.9B in April, translating to a 45% annualized growth rate relative to March AUC. Over the last twelve months, net deposits were $27.4B, translating to an annual growth rate of 35% relative to April 2023 AUC. Trading volumes in April were higher for options and lower for equities and crypto relative to March. Equity notional trading volumes were $70.7B. Options contracts traded were 126.6M. Crypto notional trading volumes were $10.1B. Margin balances at the end of April were $4.1B, unchanged from the end of March. Total cash sweep balances at the end of April were $19.1B, up $0.1B or 1% from the end of March. Total securities lending revenue in April was $21M, up 24% from March.
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AHT | Hot Stocks16:11 EDT Ashford Hospitality says chairman Bennet and directorJafarnia resign from board - Blackwells Capital, an owner of 1,000 shares of Ashford Hospitality Trust, announced that directors Monty J. Bennett and Kamal Jafarnia failed to receive the requisite number of votes required for re-election to the Company's Board of Directors at the Company's 2024 annual meeting of stockholders and were forced to tender their resignations. The company's remaining nominees were narrowly re-elected by disturbingly low numbers. Blackwells achieved this result despite the company's refusal to produce a stockholder list, and with just one mailing to stockholders. In an attempt to ward off Blackwells' campaign, the Company spun up a familiar playbook employed by Chairman Monty Bennett, which included an aggressive and misleading PR campaign, and the manipulation of Ashford's corporate machinery to entrench the Board, going as far as changing the meeting quorum requirement in an effort to ensure re-election of the failing incumbent Board members. Jason Aintabi, Chief Investment Officer of Blackwells Capital LLC, said:"The voting results are a conclusive indictment of the Board's failure to act in the best interests of stockholders. With a resounding majority voting 'AGAINST' the election of Monty Bennett and Kamal Jafarnia, and the remaining nominees receiving near majority 'AGAINST' votes, stockholders have sent an unequivocal message that they demand directors who will act as independent fiduciaries for stockholders and stand up to Monty Bennett's tyrannical 'leadership' and self-interested personal agenda. The Board's reappointment of Monty Bennett and Kamal Jafarnia to the Board within hours of being voted out is a shameless maneuver and demonstrates the utter contempt Monty Bennett's Board has for the Company's stockholders.
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BG | Hot Stocks16:10 EDT Bunge raises quarterly dividend to 68c per share from 66c - The dividend will be paid June 3rd to shareholders of record on May 20th.
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CSCO | Hot Stocks16:09 EDT Cisco names Gary Steele as President of Go-to-Market, effective immediately - Cisco has named Gary Steele as President of Go-to-Market, effective immediately. Steele is well known for his operational excellence, and in this new role, he will work closely with Robbins to set and execute against Cisco's strategic plans and goals. He will continue to lead the Splunk team through the integration process to ensure a seamless integration into Cisco. Cisco also announced that Jeff Sharritts, Cisco's Chief Customer and Partner Officer, will depart Cisco after a successful 24-year career at the company. Sharritts will remain with Cisco until mid-July to ensure a seamless transition.
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BEEP | Hot Stocks16:09 EDT Mobile Infrastructure names Paul Gohr CFO - Mobile Infrastructure Corporation announced the appointment of Paul Gohr as Chief Financial Officer, effective May 16, 2024. Gohr takes on the CFO responsibility from Stephanie Hogue, who will remain in her role as President and a member of the Board of Directors. "We are pleased to welcome Paul to the BEEP team. He is a results-driven and accomplished executive with an impressive track record of accounting excellence and change management," said Manuel Chavez, CEO and Co-Chairman of the Board of Directors. "Paul's public company experience will benefit all stakeholders, and he adds bench strength and expertise to our team as we continue to build the Company's financial performance."
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FLR | Hot Stocks16:08 EDT Fluor opens second office in India - The company states: "Fluor Corporation announced that it has opened a new office in Vadodara, India, to support growth of its global project execution. Fluor senior management and personnel gathered today at the new location, at the Notus IT Park, to commemorate the event. Fluor has maintained a presence in India since 1995 and currently has approximately 1,600 personnel at its office in New Delhi."
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KOD | Hot Stocks16:08 EDT Kodiak Sciences reports Q1 EPS (82c), consensus ($1.07) - Kodiak ended Q1 with $245.9M of cash and cash equivalents and believes current cash will support current and planned operations into 2026. "We continue to make excellent operational progress with our three clinical programs of tarcocimab, KSI-501 and KSI-101, as well as on our duet and triplet research programs," said CEO Victor Perlroth. "We are enrolling well in GLOW2 and remain on track to activate mid-year our next Phase 3 study DAYBREAK in wet AMD which is designed to investigate the efficacy, durability and safety of tarcocimab and KSI-501 in parallel against aflibercept. We also expect to initiate Phase 1b enrollment in June for the APEX study of KSI-101, our anti-IL-6, VEGF-trap bispecific protein, in patients with macular edema associated with inflammation. We were pleased to share the advancement on our growing repertoire of novel small molecules and biologics for the duet and triplet platforms at the ARVO 2024 Annual Meeting recently. The duets and triplets are designed as a modular platform that embeds diverse active pharmaceutical ingredients including small molecules, proteins, peptides, macrocycles, and oligonucleotides in the biopolymer backbone to enable high drug antibody ratio medicines with targeted, multi-specific, tailored modulation of biological pathways for ophthalmic and systemic diseases."
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WERN | Hot Stocks16:08 EDT Werner announces new buyback authorization for up to 5M shares of common stock - The Board approved a new stock repurchase program under which the Company is authorized to repurchase up to 5 million shares of its common stock. Upon approval of the new program, the Board withdrew the previous stock repurchase authorization, which had approximately 1.6 million shares remaining available for repurchase. The Company may repurchase stock from time to time depending on market, economic and other factors. The new authorization will continue until the Board withdraws it.
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OCCI | Hot Stocks16:01 EDT OFS Credit estimates NAV per share of $7.29-$7.39 as of April 30, 2024 - OFS Credit Company announced the following net asset value estimate as of April 30, 2024. Management's unaudited estimate of the range of our NAV per share of our common stock as of April 30, 2024 is between $7.29 and $7.39. This estimate is not a comprehensive statement of our financial condition or results for the month ended April 30, 2024. This estimate did not undergo the Company's typical quarter-end financial closing procedures. We advise you that the final determination of our NAV per share as of April 30, 2024, which will be reported in our Semi-Annual Report on Form N-CSRS, may differ from this estimate.
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NFLX... | Hot Stocks15:28 EDT Netflix names Trade Desk, Magnite among advertising partners - Netflix (NFLX) said it will launch an in-house advertising technology platform, by the end of 2025, adding that this "will give advertisers new ways to buy, new insights to leverage, and new ways to measure impact." This summer, Netflix will also expand its buying capabilities to include The Trade Desk (TTD), Google's (GOOGL) Display & Video 360, and Magnite (MGNI) who will join Microsoft (MSFT) as the main programmatic partners for advertisers, the company added.
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NFLX | Hot Stocks15:25 EDT Netflix says ad tier now has 40M global monthly active users - Netflix said that its ad-supported tier now has 40M global monthly active users, up from 5M a year prior. Over 40% of all signups in the ads countries now come from the ads plan, the company said. Additionally, Netflix said it will launch an in-house advertising technology platform, by the end of 2025. This will give advertisers new ways to buy, new insights to leverage, and new ways to measure impact. This summer, Netflix will also expand its buying capabilities to include The Trade Desk, Google's Display & Video 360, and Magnite who will join Microsoft as the main programmatic partners for advertisers. The company said it currently has 270M total subscribers. Reference Link
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PDD... | Hot Stocks14:07 EDT Chase Coleman's Tiger Global exits PDD, boosts Amazon in Q1 - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of March 31, 2024. The fund exited its position in PDD (PDD). Tiger increased its stake in four holdings, including by size of previous position Alphabet Class A (GOOGL), Amazon (AMZN), Sea Ltd. (SE), ProCore (PCOR), and Instacart (CART). Tiger reduced its stake in five holdings, including by size of previous position JD.com (JD), Workday (WDAY), Toast (TOST), Freshworks (FRSH), and Lam Research (LRCX). The fund's top holdings as of March 31, in order of size, were Meta (META), Microsoft (MSFT), Alphabet Class A, Apollo (APO), and Amazon.
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BAX | Hot Stocks14:02 EDT Baxter says Vantive separation expected in second half of 2024 - Baxter International announced the mission and logo for its proposed kidney care and acute therapies company, to be named Vantive. Baxter announced in 2023 plans to create a new Kidney Care company from its Renal Care and Acute Therapies businesses. The new Vantive branding will come into effect when the separation occurs, which is currently expected in the second half of 2024, via either a sale to a private equity investor or a spinoff into a publicly traded company. Until completion of the proposed separation, the Kidney Care business will continue to operate as Baxter. "With the reveal of our mission and logo, we have reached another critical milestone in our journey to establish Vantive. From our legacy as a pioneer in kidney care to our position as a market leader in chronic and acute therapies, we maintain a unique vantage point to help fulfill the pivotal needs of today's clinicians and patients," said Chris Toth, executive vice president and group president, Kidney Care at Baxter, who is to serve as Chief Executive Officer of Vantive upon separation.
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CNI... | Hot Stocks13:53 EDT North American rail traffic up 2.3% for the week ending May 11 - The Association of American Railroads or AAR reported U.S. rail traffic for the week ending May 11. For this week, total U.S. weekly rail traffic was 468,748 carloads and intermodal units, up 0.6 % compared with the same week last year. Total carloads for the week ending May 11 were 209,319 carloads, down 7% compared with the same week in 2023, while U.S. weekly intermodal volume was 259,429 containers and trailers, up 7.7% to 2023. Six of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included chemicals, up 1,668 carloads, to 33,045; petroleum and petroleum products, up 1,505 carloads, to 10,996; and miscellaneous carloads, up 1,132 carloads, to 8,639. Commodity groups that posted decreases compared with the same week in 2023 included coal, down 16,549 carloads, to 46,715; nonmetallic minerals, down 2,291 carloads, to 31,457; and grain, down 1,610 carloads, to 17,226...North American rail volume for the week ending May 11 on 10 reporting U.S., Canadian and Mexican railroads totaled 321,482 carloads, down 2.6% compared with the same week last year, and 345,901 intermodal units, up 7.4% compared with last year. Total combined weekly rail traffic in North America was 667,383 carloads and intermodal units, up 2.3%...North American rail volume for the first 19 weeks of 2024 was 12,481,187 carloads and intermodal units, up 2.1% compared with 2023. Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Norfolk Southern (NSC), Union Pacific (UNP), Rail Vision (RVSN), Greenbrier (GBX), FreightCar America (RAIL) and Trinity Industries (TRN). Reference Link
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GNS | Hot Stocks13:50 EDT Genius Group LTD trading resumes
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RIVN | Hot Stocks13:24 EDT Rivian Automotive, Galehead Development collaborate on renewable energy project - Galehead Development and Rivian Automotive have entered into an agreement to collaborate on the development of renewable energy resources tailored to Rivian's locational and environmental priorities. Galehead will develop solar projects with specific consideration for Rivian's "3C" Framework. The 3C Framework is a progressive procurement standard that commits Rivian to sourcing renewable energy from projects that have a measurable positive impact on Climate, environmental Conservation, and local Communities. The Framework was launched by Rivian in 2023 in collaboration with The Nature Conservancy. Galehead will leverage LandCommand, its proprietary market intelligence technology, to convert Rivian's 3C Framework into development campaigns and new projects, allowing Rivian to influence the earliest "upstream" phase of project development. Galehead will fund and manage projects resulting from the engagement until they've matured for off-take agreements.
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GNS | Hot Stocks13:10 EDT Genius Group LTD trading halted, news pending
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PHIO | Hot Stocks13:00 EDT Phio Pharmaceuticals completes dosing in first patient cohort in PH-762 study - Phio Pharmaceuticals announced progress on its Phase 1b clinical study for their lead compound PH-762. Dosing of the first cohort of patients was completed and screening for the next dose cohort is on-going. Phio's Phase 1b study is a multi-center, dose-escalating clinical trial designed to evaluate the safety and tolerability of neoadjuvant use of intratumoral PH-762 in cutaneous squamous cell carcinoma, melanoma, or Merkel cell carcinoma. This study will assess the tumor response, and determine the recommended dose for further study of PH-762. "This is exciting news for Phio and our lead compound PH-762 with the dosing of the 1st cohort completed, we look forward to advancing the study to bring an innovative treatment option to patients with skin carcinomas," said Robert Bitterman, CEO of Phio Pharmaceuticals.
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SOL... | Hot Stocks12:51 EDT U.S. initiates investigations of solar imports from four Asian nations - The U.S. Department of Commerce announced the initiation of antidumping and countervailing duty investigations of crystalline silicon photovoltaic cells, whether or not assembled into modules, from Cambodia, Malaysia, Thailand, and the Socialist Republic of Vietnam. Publicly traded companies in the solar energy space include Array Technologies (ARRY), Canadian Solar (CSIQ), Emeren (SOL), FTC Solar (FTCI), First Solar (FSLR), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR).Reference Link
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UBSFY | Hot Stocks12:44 EDT Ubisoft ceases development on 'The Division Heartland' - Ubisoft said in its quarterly report, "As part of Ubisoft's efforts to streamline its operations and adapt to evolving market trends, there have been further reorganizations within the Global Publishing teams, both at the APAC region, that is now organized into three engagement hubs, and at the central level. Additionally, in line with the increased selectivity of its investments, Ubisoft has decided to stop development on The Division Heartland and has redeployed resources to bigger opportunities such as XDefiant and Rainbow Six. Thanks to the continued tight control on recruitments, organizational simplification as well as targeted restructurings, the total number of employees stood at 19,011 at the end of March 2024. This represents a decrease of more than 1,700 over 18 months, while retention has continued to improve over the period. The cost reduction plan is well on track, with the FY 2023-24 fixed cost base standing at around EUR1.6B. This represents a year-on-year reduction of around EUR150M, including a favorable foreign exchange impact."
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UBSFY... | Hot Stocks12:36 EDT Ubisoft's 'Assassin's Creed Shadows' out November 15 - Ubisoft (UBSFY) announced that its upcoming game "Assassin's Creed Shadows" will release on November 15, 2024. The game will be available on PC, PlayStation 5 (SONY), Xbox (MSFT), and Amazon Luna (AMZN). Reference Link
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PBR | Hot Stocks12:06 EDT Petrobras trading resumes
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BSFC | Hot Stocks12:05 EDT Blue Star Foods announces 1-for-50 reverse stock split - Blue Star Foods will effect a 1-for-50 reverse stock split of its authorized and issued and outstanding shares of Class A common stock, par value $0.0001 per share. The Reverse Stock Split will become effective at 12:01am, Eastern Time, on May 20, 2024. At such time, each 50 shares of issued and outstanding Common Stock will automatically be reclassified into one new share of Common Stock. The total number of shares of Common Stock authorized for issuance will remain at 100,000,000 shares. Proportional adjustments will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the Company's stock incentive plans and certain existing agreements. No fractional shares will be issued in connection with the Reverse Stock Split. All fractional shares will be rounded up. The Reverse Stock Split will affect all common stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity. Blue Star's Common Stock will continue to trade on The Nasdaq Capital Market under the existing symbol "BSFC" and will begin trading on a split-adjusted basis when the market opens on May 20, 2024. The new CUSIP number for the Common Stock following the Reverse Stock Split will be 09606H309.
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MPW | Hot Stocks12:04 EDT Medical Properties Trust falls -9.7% - Medical Properties Trust is down -9.7%, or -57c to $5.28.
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AMC | Hot Stocks12:03 EDT AMC Entertainment falls -21.0% - AMC Entertainment is down -21.0%, or -$1.44 to $5.41.
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HTOO | Hot Stocks12:03 EDT Fusion Fuel receives notice of non-compliance from Nasdaq - Fusion Fuel Green announced that on May 8, 2024, the Company received a deficiency notice from the Listing Qualifications Department of the Nasdaq Stock Market notifying the Company that, since the Company's Form 20-F for the fiscal year ended December 31, 2023 reported shareholders' equity of $3,022,125, the Company no longer complied with Nasdaq listing rules requiring companies listed on the Nasdaq Global Market to maintain a minimum of $10,000,000 in shareholders' equity. Under the Rules, the Company has 45 calendar days from the date of the Notice to submit a plan to regain compliance. If the Plan is accepted, Nasdaq can grant an extension of up to 180 calendar days from the date of the Notice to evidence compliance. The Notice further stated that, alternatively, the Company may apply to transfer the Company's securities from The Nasdaq Global Market to The Nasdaq Capital Market. The Company intends to submit a Plan within the time allowed by the Rules and/or apply to transfer its securities to The Nasdaq Capital Market. However, there can be no assurance that Nasdaq will accept the Plan or that the Company will be able to regain compliance with the Rules, or that Nasdaq would approve the Company's application to list on The Nasdaq Capital Market. The Notice has no immediate effect on the listing of the Class A Ordinary Shares, which will continue to trade on the Nasdaq Global Market under the symbol "HTOO" without interruption at this time.
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GME | Hot Stocks12:02 EDT GameStop falls -30.5% - GameStop is down -30.5%, or -$14.89 to $33.86.
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EBS | Hot Stocks12:02 EDT Emergent BioSolutions rises 9.8% - Emergent BioSolutions is up 9.8%, or 50c to $5.58.
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RSKD | Hot Stocks12:01 EDT Riskified rises 13.7% - Riskified is up 13.7%, or 73c to $6.09.
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KUKE | Hot Stocks12:00 EDT Kuke Music rises 22.6% - Kuke Music is up 22.6%, or 59c to $3.20.
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PBR | Hot Stocks11:42 EDT Petrobras board approves early termination of CEO Jean Paul Prates - Petroleo Brasileiro S.A. announced: "Petrobras, in continuation of the Material Facts disclosed on 05/14/2024, informs that its Board of Directors, in a meeting held today, approved the early termination of Mr. Jean Paul Prates' mandate as CEO of Petrobras through negotiation, with effects from this date. With the termination of his mandate as CEO of the Company, Mr. Jean Paul submitted his resignation from the position of member of Petrobras Board of Directors. Due to the vacancy in the Presidency of the Company, the Chairman of the Board of Directors appointed the Executive Director of Corporate Affairs, Clarice Coppetti, as interim President of the company, based on Section 4 of article 27 of its Bylaws, until the election of the new CEO in accordance with article 20 of the Company's Bylaws. Additionally, the Board of Directors removed Mr. Sergio Caetano Leite from the position of Chief Financial and Investor Relations Officer, and appointed the current Finance Executive Manager, Mr. Carlos Alberto Rechelo Neto, as interim, until the election of a new CFO by the Board of Directors. Material facts deemed relevant will be promptly disclosed to the market." Reference Link
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UBER... | Hot Stocks11:37 EDT Uber adding Costco as grocery partner - At its Go-Get 2024 event, Uber (UBER) said that, "Uber Eats is partnering with Costco (COST) to make it easier than ever to get everything you need - for summer gatherings and beyond - delivered straight to your door. Stock up on all of your Costco favorites with just a few quick taps, and celebrate together." Shares of Uber and Costco have gained about 1% to $66 and $786.75, respectively, while Instacart (CART) has dropped almost 5% to $32.70 in morning trading. Reference Link
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GD | Hot Stocks11:36 EDT Gulfstream Aerospace's Gulfstream G700 receives EASA certification - Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics, announced the all-new Gulfstream G700 has received European Union Aviation Safety Agency type certification, following the aircraft's Federal Aviation Administration type certification on March 29.
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PBR | Hot Stocks11:35 EDT Petrobras trading halted, news pending
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CBU | Hot Stocks11:06 EDT Community Bank System changes corporate name to Community Financial System - Community Bank System announced that it has changed its corporate name to "Community Financial System, Inc." effective as of today. The name change reflects the Company's broader business model and mission in contributing to the prosperity of its community, including its clients, colleagues and shareholders by providing comprehensive financial services across its four main business lines. The Company's ticker symbol will not change and its common stock will start trading on the New York Stock Exchange as Community Financial System, Inc. on May 24, 2024.
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VINO | Hot Stocks10:55 EDT Gaucho Group regains compliance with Nasdaq listing rules - Gaucho Group Holdings has received a letter from Nasdaq confirming compliance with Nasdaq's requirement of maintaining a minimum closing bid price of $1.00 for at least 10 consecutive business days. The matter is now closed.
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NFLX | Hot Stocks10:16 EDT Netflix to stream live NFL games on Christmas Day, NFL announces - On Dec. 25, 2024, Netflix will be the global home of the NFL's two Christmas Day marquee games, the league announced. "Mark your calendar for Christmas Day in 2025 and 2026 when Netflix will be streaming at least one holiday game each year as part of this three-season deal," the NFL added. "Last year, we decided to take a big bet on live -- tapping into massive fandoms across comedy, reality TV, sports and more. There are no live annual events, sports or otherwise, that compare with the audiences NFL football attracts. We're so excited that the NFL's Christmas Day games will be only on Netflix," said Bela Bajaria, Netflix chief content officer. Reference Link
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MANH | Hot Stocks10:12 EDT Manhattan Associates announces Manhattan Active Supply Chain Planning platform - Manhattan Associates earlier announced Manhattan Active Supply Chain Planning, a unified business planning platform that enables bi-directional collaboration between supply chain planning and execution systems. This solution enables planners to evaluate all operational factors in real-time, and align all systems, inventory, and resources to a common business objective, such as reducing total landed cost or increasing speed to market, the company said in a statement. "The ability to coordinate with solutions like OMS, WMS and TMS is a gamechanger. Now inventory, labor, and transportation planning can be considered together to ensure the optimal outcome to benefit the organization as a whole," said Scott Fenwick, senior director of Product Management for Manhattan Associates. "It simultaneously considers all these factors to smooth operations and deliver exceptional experiences at the lowest cost."
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MANH | Hot Stocks10:11 EDT Manhattan Associates announces Manhattan Active Maven GenAI solution - Manhattan Associates announced Manhattan Active Maven, a specialized Generative Artificial Intelligence solution built for customer service, along with Manhattan Assist, which adds GenAI capabilities to all Manhattan Active solutions. The company said it is applying this state-of-the-art technology to revolutionize consumer interactions, as well as enhancing how Manhattan's customers engage with their solutions. "GenAI is one of the most exciting technologies we've seen in years, and it promises to redefine customer service experiences," said Ellie Crawford, director of Product Management for Manhattan Associates. "Manhattan Active Maven and Manhattan Assist represent an exciting application of this technology in supply chain and commerce, delivering new levels of personalization, productivity, and cost-savings."
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DASH | Hot Stocks10:11 EDT DoorDash to pay $75,000 to illegally rejected applicants, NY AG says - New York Attorney General Letitia James announced a settlement with online food delivery platform DoorDash for "routinely rejecting delivery worker applicants with criminal histories without fair assessment, in violation of state human rights and corrections laws and the New York City Fair Chance Act." DoorDash has agreed to reevaluate the hiring determinations for applicants rejected because of their criminal history, revise its hiring policies and training to ensure application reviewers are making fair and individualized decisions, and update notices provided to applicants informing them of their rights under the Fair Chance Act. DoorDash will also pay a $75,000 penalty, which will be distributed to qualifying applicants who were rejected, the AG announced. Reference Link
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BGS | Hot Stocks10:04 EDT B&G Foods rises 10.1% - B&G Foods is up 10.1%, or 86c to $9.40.
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NVS | Hot Stocks10:04 EDT Novartis to present data from Phase 3 ASC4FIRST study at ASCO and EHA - Novartis will present data from more than 60 abstracts, including investigator-initiated trials at the 2024 American Society of Clinical Oncology, or ASCO, Annual Meeting and the European Hematology Association, or EHA, 2024 Hybrid Congress, the company announced. The primary results from ASC4FIRST, a pivotal Phase III study of Scemblix versus standard of care tyrosine kinase inhibitors in newly diagnosed patients with Philadelphia chromosome positive chronic myeloid leukemia in chronic phase will be shared at the ASCO official Press Program and at the EHA Plenary Session, the company noted. "We look forward to sharing the primary analysis from the pivotal Phase III ASC4FIRST trial, which builds on our over 20-year legacy to transform care for people diagnosed with CML. With these promising data, a new analysis of the NATALEE trial in patients with node-negative early breast cancer and additional updates from our RLT portfolio, we further our efforts to reimagine medicine for those with cancer in partnership with the scientific community," said Jeff Legos, Executive Vice President, Global Head of Oncology, Novartis.
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RSKD | Hot Stocks10:03 EDT Riskified rises 11.8% - Riskified is up 11.8%, or 63c to $5.99.
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IAC | Hot Stocks10:02 EDT Care.com partners with Found to offer caregivers financial tools - Care.com and Found announced a partnership to provide caregivers with a seamless solution for managing their earnings. Caregivers on Care.com can now sign up for Found to create a bank account where they can receive their wages and access tools to seamlessly track income and work-related expenses, view financial insights, help with invoicing, and more.
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ANVS | Hot Stocks10:02 EDT Annovis Bio rises 14.0% - Annovis Bio is up 14.0%, or $1.17 to $9.53.
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AAPL | Hot Stocks10:01 EDT Apple announces new accessibility features, including Eye Tracking - Apple announced new accessibility features coming later this year, including Eye Tracking, a way for users with physical disabilities to control iPad or iPhone with their eyes. Additionally, Music Haptics will offer a new way for users who are deaf or hard of hearing to experience music using the Taptic Engine in iPhone; Vocal Shortcuts will allow users to perform tasks by making a custom sound; Vehicle Motion Cues can help reduce motion sickness when using iPhone or iPad in a moving vehicle; and more accessibility features will come to visionOS. Apple said: "These features combine the power of Apple hardware and software, harnessing Apple silicon, artificial intelligence, and machine learning to further Apple's decades-long commitment to designing products for everyone."
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PBR | Hot Stocks10:01 EDT Petrobras falls -9.5% - Petrobras is down -9.5%, or -$1.58 to $15.11.
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BAESY | Hot Stocks10:01 EDT BAE Systems selected by U.S. Navy to develop Dual Band Decoy - BAE Systems has been selected by the U.S. Navy to develop Dual Band Decoy, one of the most advanced radio frequency countermeasures in the world. DBD is a cutting-edge RF self-protection jammer that shields fighter jets from enemy attacks. Expanding the capabilities of BAE Systems' combat-proven AN/ALE-55 Fiber-Optic Towed Decoy, DBD consists of a towed unit connected by fiber-optic cable to electronic warfare equipment onboard the aircraft. The decoy delivers the latest jamming technology to disrupt enemy radars and lure missiles away from the aircraft. DBD can be launched by the pilot or automatically in response to threats, offering critical protection in highly contested airspace.
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AMC | Hot Stocks10:01 EDT AMC Entertainment falls -16.9% - AMC Entertainment is down -16.9%, or -$1.16 to $5.69.
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GME | Hot Stocks10:00 EDT GameStop falls -21.7% - GameStop is down -21.7%, or -$10.56 to $38.19.
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AMC | Hot Stocks09:51 EDT AMC Entertainment falls -9.8% - AMC Entertainment is down -9.8%, or -67c to $6.18.
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PBH | Hot Stocks09:50 EDT Prestige Consumer falls -10.8% - Prestige Consumer is down -10.8%, or -$7.71 to $63.76.
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GME | Hot Stocks09:49 EDT GameStop falls -14.3% - GameStop is down -14.3%, or -$6.97 to $41.78.
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YTEN | Hot Stocks09:48 EDT Yield10 Bioscience trading resumes
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BKKT | Hot Stocks09:48 EDT Bakkt rises 8.5% - Bakkt is up 8.5%, or 95c to $12.10.
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BGS | Hot Stocks09:48 EDT B&G Foods rises 9.6% - B&G Foods is up 9.6%, or 82c to $9.36.
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RSKD | Hot Stocks09:47 EDT Riskified rises 11.8% - Riskified is up 11.8%, or 63c to $5.99.
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SOWG | Hot Stocks09:46 EDT Sow Good Inc trading resumes
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YTEN | Hot Stocks09:43 EDT Yield10 Bioscience trading halted, volatility trading pause
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MTC | Hot Stocks09:41 EDT MMTec Inc trading resumes
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SOWG | Hot Stocks09:41 EDT Sow Good Inc trading halted, volatility trading pause
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ABT | Hot Stocks09:39 EDT FDA posts Class I recall of Abbott HeartMate 3 LVAS implant kit - The FDA posted on its website a Class I recall of Abbott's HeartMate 3 Left Ventricular Assist System Implant Kit. The HeartMate 3 Left Ventricular Assist System is used to help the heart pump blood when it is not able to do so effectively on its own. Abbott is recalling the HeartMate 3 LVAS after complaint reviews identified blood leakage or air entering the seal interface between the left ventricular assist device inflow cannula and the apical cuff, the FDA said. Abbott reports 81 incidents, including 70 injuries and two deaths related to this issue. Reference Link
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AMC | Hot Stocks09:38 EDT AMC Entertainment trading resumes
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KSCP | Hot Stocks09:37 EDT Knightscope announces seven new expansion contracts, two renewal agreements - Knightscope announces 7 new expansion contracts and 2 new renewal agreements representing over $700,000 in sales while growing the safety presence in California, Florida, Georgia, Louisiana and Washington. Knightscope is also announcing today that it has recruited a team of Risk & Threat Exposure Analysts that will provide clients with remote, event-based monitoring services using Knightscope technologies, further increasing the value proposition of its services. The RTX team will provide digital talk-downs for incident intervention, perform proactive virtual public safety tours of properties, and generate incident reports for material events that occur during these tours. Optional premium offerings of RTX solutions are available for detailed daily reports, alert verifications, real-time investigations and expanded virtual tour frequencies and/or durations.
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CTNT | Hot Stocks09:37 EDT Cheetah Net Supply Chain Service Inc trading resumes
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GME | Hot Stocks09:37 EDT GameStop trading resumes
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MTC | Hot Stocks09:36 EDT MMTec Inc trading halted, volatility trading pause
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CHCI | Hot Stocks09:35 EDT Comstock Holding Companies trading resumes
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DIS | Hot Stocks09:34 EDT Disney CEO sees streaming unit as double-digit margin business
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AMC | Hot Stocks09:33 EDT AMC Entertainment trading halted, volatility trading pause
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JLL | Hot Stocks09:32 EDT JLL agrees to acquire SKAE Power Solutions - JLL announced it has reached an agreement to acquire SKAE Power Solutions, a New York-based provider of data center technical and project management services. "This acquisition of SKAE enables JLL to provide solutions across the full data center lifecycle and adds significant technical depth to its existing offerings. The transaction is expected to close shortly, subject to customary closing conditions," the company stated. "SKAE will be key in scaling JLL's capacity to meet clients' needs and accelerating our abilities in data center management. Combining SKAE's regional expertise and talent with JLL's global, comprehensive suite of solutions will both complement and expand our technical services capabilities," said Sanjay Rishi, Americas CEO of Work Dynamics, JLL.
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CTNT | Hot Stocks09:32 EDT Cheetah Net Supply Chain Service Inc trading halted, volatility trading pause
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GME | Hot Stocks09:32 EDT GameStop trading halted, volatility trading pause
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PULM | Hot Stocks09:30 EDT Pulmatrix announces results from PUR3100 study - Pulmatrix announced publication of, "Safety, tolerability, and pharmacokinetics of a single orally inhaled dose of PUR3100, a dry powder formulation of dihydroergotamine versus intravenous dihydroergotamine: A Phase 1 randomized, double-blind study in healthy adults" in the peer-reviewed publication Headache: The Journal of Head and Face Pain. Ted Raad, CEO of Pulmatrix, commented, "In this trial, PUR3100 demonstrated the potential for rapid pain relief and improved DHE tolerability versus IV DHE. With a Tmax of 5 minutes and a Cmax in the therapeutic window for all doses tested, we believe that PUR3100 has the potential to address an unmet need for acute migraine sufferers and we are pursuing different options to advance PUR3100 into a Phase 2 clinical trial to further investigate its promising profile in treating acute migraine." The completed Phase 1 study demonstrated optimal pharmacokinetics and improved tolerability of PUR3100 compared to IV DHE. The Phase 1 trial was a randomized, double-dummy, double-blinded design to assesses the safety, tolerability, and pharmacokinetics of three dose groups treated with inhaled PUR3100 with intravenous placebo, compared to a single dose of IV DHE (DHE mesylate injection) with inhaled placebo in healthy volunteers. All doses of PUR3100 were generally well tolerated with a lower incidence of nausea (21% vs. 86%), vomiting (0% vs. 29%), and headache (16% vs. 57%) compared to IV DHE. The PK profile of PUR3100 versus IV DHE was characterized by a similar mean time to Cmax (5 vs. 5.5 min), with reduced AUC0-2h (1120-4320 vs. 6340), and a lower Cmax (3620-14,400 vs. 45,000). All doses of PUR3100 were associated with mean Cmax above the minimum level required to achieve efficacy (1000 pg/mL).
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CHCI | Hot Stocks09:30 EDT Comstock Holding Companies trading halted, volatility trading pause
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IPWR | Hot Stocks09:26 EDT Ideal Power announces 2024 milestones - For 2024, the Company has set or achieved the following milestones: Successfully completed Phase II of development program with Stellantis; Secure Phase III of development program with Stellantis; Complete qualification of second high-volume production fab; Convert large OEMs in our test and evaluation program to design wins/custom development agreements; Add distributors for SymCool products; Initial sales of SymCool IQ intelligent power module; Begin third-party automotive qualification testing.
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XYLO | Hot Stocks09:24 EDT Xylo: Charging Robotics, Make My Day deploy AI-based charging management system - Xylo Technologies announced that Charging Robotics as part of its collaboration with Make My Day, reached the final stages of development of their software for EV charging management in automatic car parks. The charging management system uses machine learning and artificial intelligence algorithms in an attempt to meet the growing shortage of electricity for EV charging. With the rise in EV adoption, there is growing concern that a given facility's available electricity supply will not be sufficient to fully charge all EVs parked in the typical automatic parking facility in the required time. In order to address this need, Charging Robotics and Make My Day jointly developed a charging management software that allows the wireless system in automatic car parks to prioritize the charge sequence for all present EVs and deliver the exact amount of electricity each EV needs.
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DIS | Hot Stocks09:19 EDT Disney CEO Iger: Marketing expenses at Disney+ too high - Comments taken from the MoffettNathanson Media, Internet & Communications Conference.
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CPXWF | Hot Stocks09:17 EDT Capital Power provides redemption notice on Preferred Shares - Capital Power intends to redeem all of its 6,000,000 issued and outstanding 5.75% Cumulative Minimum Rate Reset Preference Shares, Series 11 on June 30, 2024 at a price of $25.00 per share for an aggregate total of $150 million, less any tax required to be deducted and withheld by the Company. As June 30, 2024 is not a business day payment of the Redemption Price will occur on July 2, 2024. As previously announced, the Company's Board of Directors has declared a quarterly dividend of $0.359375 per Series 11 Share payable on June 28, 2024 to shareholders of record as of June 17, 2024. This will be the final quarterly dividend on the Series 11 Shares.
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ARKO NATH | Hot Stocks09:15 EDT GPM Investments now offering Nathan's Famous hot dogs - GPM Investments (ARKO) announces it is now selling Nathan's Famous (NATH) hot dogs. Nathan's Famous will be the Company's new supplier of quality, 100% all-beef hot dogs at more than 450 locations. This is a continuation of the Company's enhanced food program rollout, which aims to provide the best quality food at the best prices available. With this new offering, the Company will elevate customers' dining experience by adding a juicy, delicious, and well-known product to its menu. Nathan's Famous hot dogs will be sold alongside tasty food and beverage options, including Tornados and cold, refreshing fountain drinks. Starting today, these juicy and delicious hot dogs are available for $1.99 each or two for $3.33 for enrolled fas REWARDS members at select locations under the Company's many brands, including E-Z Mart, fas mart, Pride, and more.
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CHDN | Hot Stocks09:15 EDT Churchill Downs opens Terre Haute Casino Resort Hotel - Churchill Downs announced the opening of its new 122-room hotel and event center at Terre Haute Casino Resort. CDI opened the 400,000-square-foot regional entertainment venue's casino floor on April 5, 2024 with 1,000 slot machines, 36 tables games, and a state-of-the-art sportsbook. "Terre Haute Casino Resort has already attracted thousands of visitors from the region to enjoy an unparalleled gaming experience," said Bill Carstanjen, CEO of CDI. "The opening of the new luxury hotel component furthers our commitment to bringing new vibrancy to Terre Haute with this premier entertainment destination and marks a significant milestone for Churchill Downs Incorporated."
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WOLF... | Hot Stocks09:14 EDT Jana took new positions in Wolfspeed and QuidelOrtho during Q1 - Barry Rosenstein's Jana Partners disclosed in an SEC filing its holdings as of March 31, 2024. Jana made two new buys in Q1: $134.5M of Wolfspeed (WOLF) and $57.3M of QuidelOrtho (QDEL). The firm also increased positions in SPDR S&P 500 ETF Trust (SPY), FIS (FIS), Trimble (TRMB), Mercury Systems (MRCY) and Frontier Communications (FYBR). Jana decreased its stakes in Freshpet (FRPT) and Enhabit (EHAB). Jana's top holds as of March 31, in order of size, were SPDR S&P 500 ETF Trust, FIS, Trimble, Frontier Communications and Mercury Systems.
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ZOOZ | Hot Stocks09:14 EDT ZOOZ Power announces Cohen will assume role of Interim CEO - ZOOZ Power announced that subject to shareholder approval, Avi Cohen, Executive Chairman, will assume the role of Interim CEO, succeeding Boaz Weizer, who will step down effective June 1, 2024. ZOOZ has initiated a thorough search process to identify its next CEO to lead the company into the next phase of its growth. Avi Cohen will serve as Interim CEO until a new CEO is appointed. Eyal Bloom, Chief Revenue Officer, will assume the role of Interim CBO, Chief Business Officer, responsible for all outbound customer facing functions including sales, marketing and customer service. Ms. Ruth Smadja, Chief Financial Officer, will assume the role of Interim COO, Chief Operating Officer, responsible for all other functions including finance, operations and R&D.
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CPXWF | Hot Stocks09:13 EDT Capital Power appoints Neil Smith, George Williams to board of directors - Capital Power announced the appointment of Neil Smith and George Williams to the Company's Board of Directors effective May 15, 2024. The appointments follow the departure of Doyle Beneby, who after 12 years as a member of the Board, and having reached his term limit, did not stand for reelection at the Company's recent AGM. Smith is currently CEO at Vanguard Renewables, a leading North American recycler of organic waste into renewable energy and low carbon fertilizer. Williams is the former chair and CEO of PMI Energy Solutions.
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PACB | Hot Stocks09:12 EDT PacBio and Ambry selected by University of California and the GREGoR Consortium - Ambry Genetics, a subsidiary of REALM IDx, along with PacBio announced their companies' selection by the University of California, Irvine, or UCI, and the GREGoR Consortium to support the Pediatric Mendelian Genomics Research Center, or MGRC, program to better understand the underlying biology of rare diseases. The GREGoR Consortium is a National Institutes of Health-funded collaborative effort which aims to transform the landscape of Mendelian disease research by identifying the underlying genetic cause of rare disease in samples from individuals for whom prior genomic analysis did not yield answers. This ambitious research, among the largest programs of its kind, will use long-read sequencing technology to sequence and analyze up to 7,000 human whole genomes over three years, with a focus on developing new insights into rare disease etiology.
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TCBI | Hot Stocks09:11 EDT Texas Capital appoints Steve Genyk to lead new public finance practice - Texas Capital Bancshares announced that Steve Genyk has joined Texas Capital Securities, Texas Capital's broker dealer subsidiary, as Managing Director, Head of Public Finance. In this new role, Genyk is responsible for building out TCS's Public Finance business, which will provide municipal underwriting services to governments, nonprofits and institutions in the state of Texas and across the country. Genyk joins Texas Capital from UBS Financial Services Inc., where he held several leadership positions, including Head of Public Finance, Head of Institutional Middle Markets and Head of Municipal Trading.
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INTA | Hot Stocks09:11 EDT Intapp selected by Jackson Walker to advance timekeeping practices - Intapp announces that Am Law 200 firm Jackson Walker selected Intapp's compliant timekeeping solution to advance the firm's timekeeping practices. The software uses Applied AI to automate time capture and compliance with client requirements, leading to improved client satisfaction.
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MULN | Hot Stocks09:10 EDT Mullen Automotive continues commercial EV expansion in midwest - Mullen Automotive announces the addition of zero-emissions commercial vehicle dealers, Minnesota-based Ziegler Truck Group and Washington-based Range Truck Group, a part of the Ziegler Companies distribution network. As Mullen's new franchise partners, RTG and ZTG will cover national and regional fleet opportunities for Mullen commercial EVs with a focus on the Pacific Northwest and upper Midwest regions of the United States.
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TBLA | Hot Stocks09:09 EDT Taboola announces partnership with a360media - Taboola announced a partnership with a360media. a360media will utilize Taboola's suite of products to grow its audience, optimize user engagement, and drive revenue. Taboola will be implemented into various a360media sites including Us Weekly, Life & Style, InTouch, Soap Opera Digest, and First For Women, among others. a360media will incorporate Taboola Feed, a seamlessly integrated feed that provides readers with personalized multi-format content recommendations for an engaging experience into the publisher's family of news websites, on homepages and article pages. Taboola allows a360media to provide personalized user experiences across these touchpoints, optimizing content recommendations to improve user engagement.
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IGIC | Hot Stocks09:09 EDT International General Insurance boosts dividend to 2.5c from 1c per share - International General Insurance Holdings announced that its Board of Directors has voted to increase the Company's regular quarterly ordinary common share dividend to 2.5c per share, representing a 150% increase from the present rate of 1c per share per quarter. The first regular quarterly ordinary common share dividend at the new rate of 2.5c will be paid on June 20, to shareholders of record at the close of business on June 3.
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NDAQ | Hot Stocks09:09 EDT Nasdaq to enhance global market surveillance offering with generative AI - Nasdaq announced the new AI powered feature within its Market Surveillance technology solution that will significantly enhance the quality, speed, and efficiency of market abuse investigations performed by our clients. The solution leverages generative AI to streamline the triage and examination process involved in investigating suspected market manipulation and insider dealing, empowering regulator and marketplace clients to more effectively monitor and detect potential market abuse. During proof-of-concept testing, surveillance analysts estimated a 33% reduction in investigation time, with improved overall outcomes. This represents a substantial gain in investigation efficiency. Nasdaq is planning to leverage the generative AI enabled functionality for its U.S. equity market surveillance.
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AQMS | Hot Stocks09:09 EDT Aqua Metals executes $33M non-binding loan term sheet - Aqua Metals announced the signing of a non-binding term sheet with one of the world's largest privately held companies for a secured credit facility of up to $33 million. This proposed strategic financial collaboration is intended to provide financing for the completion of the Phase One development of the Sierra AquaRefining Campus. Simultaneous to this development, Aqua Metals announced its pricing of an equity raise of $7 million, before commissions, discounts and expenses, to support ongoing operations and strengthen Aqua Metals' balance sheet, which was an important pre-condition for the strategic lender. The equity financing is expected to close on Friday, May 17, 2024. The term sheet is non-binding, except for certain confidentiality and break-up provisions, and contemplates a closing by June 30, 2024, subject to the lenders' continuing due diligence and the parties' negotiation and execution of definitive agreements. Aqua Metals will strengthen its financial position through this strategic relationship with one of the world's largest privately held companies, which is investing heavily in a global portfolio of decarbonization technologies. An extensive two-month review by the lender thoroughly examined the company's financial health, ability to generate revenue and service the debt, strategic partnerships, and innovative supply and off-take agreements. In advance of this engagement, Aqua Metals also recently completed an independent engineering report and lifecycle analysis, conducted by ICF International, which validated the Company's technology and its substantial reductions in waste and greenhouse gas emissions. This strategic financial partnership will bolster Aqua Metals' capacity to advance its sustainable lithium battery recycling operations. The lender required its name to be withheld until the definitive loan agreement is executed.
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LPLA | Hot Stocks09:07 EDT LPL Financial: Tara Blair joins broker-dealer, RIA, custodial platforms - LPL Financial LLC announced today that financial advisor Tara Blair, CFP, CPA, has joined LPL Financial's broker-dealer, RIA and custodial platforms. She reported serving approximately $215 million in advisory, brokerage and retirement plan assets and joins LPL from Lincoln Financial. Based in Fort Worth, Texas, Blair has more than 25 years of experience in financial services following an initial career in public accounting. She built her wealth management practice from the ground up by building meaningful relationships and creating positive experiences for her clients. At Sage Private Wealth Services, Blair provides sophisticated estate, succession, investment and philanthropic strategies for affluent individuals, business owners and executives.
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GFAI | Hot Stocks09:07 EDT Guardforce AI launches AI robotic solution 'LinguaBot' - Guardforce AI announced the launch of the "LinguaBot" solution in Thailand through a strategic partnership and collaboration with iApp Technology. Additionally, Guardforce AI will host an exclusive product launch event for their customers on Friday, May 17, 2024, in Bangkok, Thailand. LinguaBot has been developed to enhance chatbot capabilities for concierge services, integrating advanced generative AI features developed by iApp and specifically tailored for the Thai language. Dr. Kobkrit Wiriyayutakorn, CEO, and founder of iApp, commented, "We're thrilled to collaborate with Guardforce AI. Guardforce AI's operational experience gives us great insights on customer requirements in specific fields. Coupled with our experience in developing generative AI chatbot solutions in Thai, English and Chinese, we're confident this solution will revolutionize concierge services, particularly within the travel sector, providing customers with intelligent functionalities and seamless interactions."
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CAVA | Hot Stocks09:07 EDT CAVA opens 55K square-foot manufacturing facility in Verona, Virginia - CAVA announced the official opening of a new, state-of-the-art food production and packaging facility in Verona, Virginia, located two hours outside Washington D.C., in the heart of the Shenandoah Valley. As part of its ongoing work to build a scalable infrastructure to support its growth, the company made an initial investment of approximately $35 M in the facility, which manufactures CAVA's proprietary dips and spreads, including tzatziki, harissa, and Crazy Feta , as well as select dressings. Along with an existing facility in Laurel, Maryland, the Verona operation can support at least 750 restaurants and the expansion of CAVA's consumer packaged goods business. "CAVA Foods Verona is part of a vertically integrated model that supports our business now and over the long term. By centrally producing our dips and spreads, we reduce complexity in our restaurants, improve costs overall, and maintain the quality, consistency, and integrity of our chef-crafted recipes at scale," said Brett Schulman, Co-Founder and CEO. "We're excited to be part of the Verona community and grateful for our ongoing partnership with Augusta County and the Commonwealth of Virginia."
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MTTR | Hot Stocks09:06 EDT Matterport unveils reporting tool to showcase carbon reduction - Matterport announced the launch of avoided emissions reporting for select enterprise customers, measuring the emissions savings associated with the use of Matterport's digital twin platform. Developed with independent carbon accounting experts, the reports enable enterprise customers to understand the impact of emissions avoided by collaborating remotely instead of traveling to inspect facilities onsite.
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ACXP | Hot Stocks09:05 EDT Acurx reports results from meeting with FDA regarding ibezapolstat - Acurx Pharmaceuticals announced the successful outcome of an End-of-Phase 2 meeting with the FDA supporting the advancement of ibezapolstat for the treatment of C. difficile Infection into Phase 3 studies based on the recently completed Phase 2 clinical trial results. Key elements for the two Phase 3, non-inferiority, pivotal trials were confirmed and included agreement on the protocol design, patient population, primary and secondary endpoints, and size of the registration safety database. Based on FDA recommendations, and in anticipation of an EMA Scientific Advice Meeting, the primary efficacy analysis will be performed using a Modified Intent-To-Treat, or mITT, population consistent with EMA requirements. This will result in an estimated 450 subjects in the mITT population, randomized in a 1:1 ratio to either ibezapolstat or standard-of-care vancomycin, enrolled into the initial Phase 3 trial. The trial design not only allows determination of ibezapolstat's ability to achieve Clinical Cure of CDI as measured 2 days after 10 days of oral treatment, but also includes assessment of ibezapolstat's potential effect on reduction of CDI recurrence in the target population. In the event non-inferiority of ibezapolstat to vancomycin is demonstrated, further analysis will be conducted to test for superiority. The completed multicenter, open-label single-arm segment (Phase 2a) study was followed by a double-blind, randomized, active-controlled, non-inferiority, segment at 28 US clinical trial sites which together comprise the Phase 2 clinical trial. This Phase 2 clinical trial was designed to evaluate the clinical efficacy of ibezapolstat in the treatment of CDI including pharmacokinetics and microbiome changes from baseline and continue to test for anti-recurrence microbiome properties seen in the Phase 2a trial, including the treatment- related changes in alpha diversity and bacterial abundance and effects on bile acid metabolism. The completed Phase 2a segment of this trial was an open label cohort of up to 20 subjects from study centers in the U.S.
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SHIP | Hot Stocks09:03 EDT Seanergy Marine declares special cash dividend of 12.5c per share - The Company also declared a quarterly cash dividend of $0.025 per common share and a special cash dividend of $0.125 per common share for the first quarter of 2024.
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BFLY | Hot Stocks09:03 EDT Butterfly Network debuts specialty product, iQ+ Bladder in the U.S. - Butterfly Network introduced its first specialty product, iQ+ Bladder , now available for purchase in the United States. The bundled solution includes an iQ+ Bladder probe, streamlined software, compact rolling cart, tablet and power splitter, paired with premium assembly. Combined, the solution offers a fit-for-purpose ultrasound-based bladder scanner that helps nurses get automated bladder volume calculations, with 3D visualizations, in seconds..."The launch of the Butterfly iQ+ Bladder demonstrates Butterfly's commitment to extending our powerful Ultrasound-on-Chip(TM) technology into more markets where innovation is needed," said Joseph DeVivo, President, Chief Executive Officer, and Chairman of Butterfly Network. "With iQ+ Bladder, we move outside of our core point-of-care ultrasound market to better address the bladder scanning market, which has long awaited a more affordable, user-friendly solution. We listened to the unique needs of our nursing and bladder scanning customers and brought them a purpose-built, streamlined solution that meets their fast pace and high workload."
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STRL | Hot Stocks09:02 EDT Sterling promotes Sharon Villaverde to CFO and Chief Accounting Officer - Sterling Infrastructure announced the promotion of Sharon Villaverde to the roles of CFO and Chief Accounting Officer, effective May 13. Sharon is succeeding Ron Ballschmiede, who has served as Sterling's Executive Vice President, CFO and CAO since November 2015. Ron will remain Executive Vice President, focusing on a smooth transition of his CFO duties until his planned retirement later this year. Sharon has 30 years of experience in accounting and finance roles at prominent public companies spanning diverse industries, including telecommunications construction, manufacturing, and defense contracting. Before joining Sterling as Vice President of Finance in March Sharon held the position of Vice President and Chief Accounting Officer at Dycom Industries, from 2018. Prior to this, she served as Vice President of Finance at Natus Medical Incorporated and also held accounting and financial management roles at Lockheed Martin Corporation and Alcon Inc. Sharon began her career as an accountant at Deloitte & Touche. She earned a Bachelor of Science in Accounting from the University of Central Oklahoma and is a Certified Public Accountant.
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HMNF | Hot Stocks09:00 EDT HMN Financial trading resumes
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ZBAO | Hot Stocks08:57 EDT Zhibao Technology announces closing of underwriters' over-allotment option - Zhibao Technology announced that it issued an additional 23,765 Class A ordinary shares of the Company pursuant to the partial exercise of the underwriters' over-allotment option in connection with the Company's initial public offering at $4.00 per share, resulting in additional gross proceeds of $95,060. Total proceeds of the Company's initial public offering, including the exercise of the over-allotment option, were $6,095,060, before offering expenses and underwriting discounts. EF Hutton LLC acted as the sole book-running manager for the offering.
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CTHR | Hot Stocks08:57 EDT Charles & Colvard approves one-for-ten reverse stock split - Charles & Colvard announced that the Company's Board of Directors has approved a one-for-ten reverse split of the Company's common stock, no par value per share to be effective as of 12:01 a.m. Eastern Time on May 17. The Reverse Stock Split is intended to bring the Company into compliance with Nasdaq's $1.00 per share minimum bid price requirement for continued listing. The Company expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the commencement of trading on May 17, 2024 with a new CUSIP number of 159765205. The ticker symbol for the Company stock will remain "CTHR." The Company's shareholders at a special meeting held on May 7, 2024, approved a proposal to amend the Company's Restated Articles of Incorporation to effect a Reverse Stock Split at a ratio within a range from any whole number between one-for-ten to one-for-fifteen, as determined by the Board of Directors in its sole discretion. The Company filed the Articles of Amendment to its Restated Articles of Incorporation with the North Carolina Secretary of State on May 14, 2024.
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LPTH | Hot Stocks08:56 EDT LightPath completes qualification of its Mantis Camera - LightPath Technologies has completed development and received qualification of a new version of its Mantis camera, specifically designed for monitoring high-temperature processes inside boilers and furnaces in power plants.
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BURU | Hot Stocks08:55 EDT Nuburu gets order for BlueScan solution from Blueacre Technology, no terms - Nuburu announced it has received a purchase order for its BlueScan solution from Blueacre Technology, a medical device manufacturer based in Dundalk, Ireland. The BL laser will be integrated by Blueacre with scan head optics to produce a versatile welding system for the manufacture of a range of precision medical devices. The order is a natural extension of the Company's market focus in the electric vehicle industry, next-generation computers, consumer electronics and communication 3C device manufacturing, and medical devices. The NUBURU blue laser addresses the need for a non-contact, high-speed process with low-to-no defects for manufacturing batteries and electric vehicles by replacing slower methods like ultrasonic and resistance welding, which represent multibillion-dollar equipment spent today due to their high cost of operations. It can work with copper, aluminum, titanium, and stainless steel, facilitate the manufacture of electric vehicle batteries, and address the tens of thousands of welds in an electric vehicle.
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LQR | Hot Stocks08:55 EDT LQR House announces launch of RareSips NFT platform - LQR House announces the launch of its NFT platform, RareSips. The platform's inaugural drop is set to take place today at 9am EST, featuring an exclusive collection of 10 NFTs backed by physical bottles of premium alcohol.
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MGRM | Hot Stocks08:55 EDT Monogram Orthopaedics completes name change to Monogram Technologies - Monogram Orthopaedics announced its plan to merge its wholly owned subsidiary, Monogram Technologies with and into Monogram Orthopaedics Inc. In connection with this upstream merger, the current MT will cease to exist, and Monogram's business will continue as it is currently being conducted. Further, on May 15, 2024, the effective date of the merger, the Company will change its name to Monogram Technologies Inc., and its ticker will remain "MGRM."
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STXS | Hot Stocks08:54 EDT Stereotaxis to present at HRS Africa Summit 2024 - Stereotaxis announced that it has been invited to present at HRS Africa Summit 2024, scheduled to take place during Heart Rhythm Society Scientific Sessions this week in Boston, Massachusetts. Stereotaxis will present an innovative proposal leveraging advanced robotic technology and telerobotic presence to sustainably offer high-quality cardiac ablation therapy in underserved regions of Africa. Stereotaxis' robotic technology has been extensively demonstrated as effective for cardiac ablation, offering unparalleled levels of precision and safety during the procedure.
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XPL | Hot Stocks08:54 EDT Solitario discovers three new multi-gram gold zones - Solitario Resources announced the discovery of three new zones of high-grade surface gold on its Golden Crest project. These zones are named Holland, Top Dollar and Wildcat. Assay results from reconnaissance rock sampling of outcrop, sub-crop and float yielded gold values as high as 57.9. 50.2. 42.7, 32.3 and 21.1 grams per tonne gold within the three zones. These three zones occur within an area approximately four-square kilometers in size between the Downpour and Sleeping Beauty targets. Assay results from these three zones total 203 samples and represent the final surface grab rock samples collected in the 2023 field season. Notable high-grade samples are presented in Table One below. Additionally, 51 of these samples contain greater than0.2 g/t Au while 27 contain greater than1 g/t Au. Chris Herald, President and CEO of Solitario, stated: "These are among the highest-grade samples collected during a first pass sampling program at a newly discovered target zone in the history of Golden Crest. It's amazing that after three field seasons, we are still discovering high-quality drilling targets displaying super high-grade gold values on the surface. We think there is a high probability that these three zones may coalesce into a single massive zone with additional work, just like the Geyser, Spur and Zig Zag zones came together. We now look forward to our drilling program at Golden Crest that is anticipated to begin in the first part of June.
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AIMD | Hot Stocks08:53 EDT Ainos to initiate study of new potential VELDONA-based drug - Ainos announced the initiation of a clinical study for a new potential VELDONA-based drug for pet disease. The study is aimed at evaluating the clinical efficacy of low-dose oral interferons in treating feline chronic gingivostomatitis, a serious and chronic painful oral disease characterized by inflammation or abnormal proliferation in the oral cavity. This marks another meaningful step in the Company's strategy for expanding its product line into the global pet care market, which follows the Memorandum of Understanding Ainos signed last year with SIDSCO Biomedical Co., Ltd. The clinical trials are expected to run for approximately ten months from May 24, 2024 to March 31, 2025.
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VRAR | Hot Stocks08:53 EDT Brightline Interactive enters over $4M contract with Department of Defense - Brightline Interactive has entered into a one year task order contract in excess of $4 million with a Department of Defense entity to provide a spatial computing ecosystem enabling the integration of AI workflows and accelerated compute for a variety of defense use-cases.
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IKT | Hot Stocks08:52 EDT Inhibikase announces request for withdrawal of S-1 registration statement - Inhibikase Therapeutics announced that it has filed a Request for Withdrawal with the U.S. Securities and Exchange Commission with respect to the withdrawal of the Company's Registration Statement on Form S-1 that it filed with the SEC originally on April 19, 2024. The Registration Statement has not been declared effective by the SEC, and no securities have been sold in connection with the offering described in the Registration Statement.
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OTLY | Hot Stocks08:51 EDT Oatly Group announces results of 2024 annual general meeting - Oatly Group announced the results of its Annual General Meeting of shareholders held on May 15, 2024. The AGM adopted, inter alia, the following resolutions: Adoption of the income statement and balance sheet, disposition regarding the Company's results and discharge from liability. The AGM adopted the Company's profit and loss account and the balance sheet as well as the consolidated profit and loss account and consolidated balance sheet. The AGM resolved, in accordance with the board of directors' proposal, that no dividend was to be distributed for the financial year 2023 and that the Company's result for the financial year 2023 was to be carried forward. The AGM also discharged the board of directors and the CEO from liability for the financial year 2023. The AGM resolved, in accordance with the nominating and corporate governance committee's proposal, that the number of members of the board of directors elected by the general meeting or in accordance with Oatly's articles of association shall be ten. The AGM resolved, in accordance with the nominating and corporate governance committee's proposal, to re-elect Eric Melloul, Ann Chung, Hannah Jones, Frances Rathke, Bernard Hours, Yawen Wu, Lai Shu Tuen-Muk and Xin Wang as members of the board of directors and to elect Gregory S. Christenson as a new member of the board of directors for a term ending at the AGM to be held in 2027. The AGM also resolved, in accordance with the nomination and corporate governance committee's proposal, to re-elect Eric Melloul as chairperson of the board of directors. The AGM resolved, in accordance with the remuneration committee's proposal, that the fee to each member of the board of directors, who is not employed by the Company or any of its subsidiaries, shall be USD 60,000, that the fee for the chairperson of the audit committee shall be USD 22,500 and that the fee for an ordinary member of the audit committee shall be USD 10,000. The AGM also resolved, in accordance with the remuneration committee's proposal, that the fee for the chairperson of the remuneration committee shall be USD 22,500, that the fee for an ordinary member of the remuneration committee shall be USD 10,000, that the fee for the chairperson of the nominating and corporate governance committee shall be USD 22,500 and that the fee for an ordinary member of the nominating and corporate governance committee shall be USD 10,000. The AGM also resolved that the fee for each ordinary employee representative shall be SEK 24,000. The AGM resolved, in accordance with the audit committee's recommendation, that the registered auditing company Ernst & Young Aktiebolag is re-elected as auditor for the period until the end of the next AGM. The AGM resolved, in accordance with the board of directors' proposal, to amend LTIP 2021-2026, entailing certain changes to allocation principles and certain terms and conditions relating to vesting of stock options and RSUs granted under LTIP 2021-2026. The changes in allocation principles aim to enable grants to current and future members of the executive management team, top key personnel, selected senior key personnel, selected mid-level personnel and other personnel, to achieve appropriate and proportional annual allocations over the duration of LTIP 2021-2026. The changes in allocation principles also aim to enable grants to a greater number of participants and to achieve appropriate and proportional annual allocations over the remaining duration of LTIP 2021-2026. The AGM also resolved, in accordance with the board of directors' proposal, to approve the transfer of treasury instruments issued in connection with the LTIP 2021-2026. The AGM further resolved, in accordance with the board of directors' proposal, to approve the exchange of outstanding stock options, entailing that senior key employees who were granted stock options between May 2021 and July 2023 will be given the opportunity to exchange their stock options for new RSUs with special vesting conditions, as the exercise price for each of the stock options is greater than the market value of an ADS in the Company. The stock option exchange program aims to incentivize the Company's senior key employees and create a retention benefit for the senior key employees while reducing the need to grant additional equity awards. The option exchange program also entails granting new RSUs with special vesting conditions but otherwise on materially the same terms and conditions as the previous RSUs granted under the LTIP 2021-2026. The AGM resolved to amend the resolution on issue of share awards to certain members of the board of directors of Oatly. As a result, the maximum number of share awards that may be granted to each participant in the board of directors LTIP is increased from 35,000 to 140,000 share awards annually. The limitation on the total value of share awards that may be granted to each participant is unchanged at USD 140,000 annually. In order to fulfil the commitments arising from the share awards, the AGM also resolved to authorize the Company to assign the warrants of Series 2021-B to a third party or in another way dispose of the warrants of series 2021-B.
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IDT | Hot Stocks08:51 EDT IDT Boss Money says customers sent record transfers week prior to Mother's Day - BOSS Money, the international money remittance service of IDT Corporation, announced that its customers sent a record number of transfers during the week leading up to Mother's Day, on May 12, 2024. "Mother's Day is always an exciting time for BOSS Money, as we help our customers celebrate their mom and show their love by sending a gift she will appreciate," said Michelle Rendo, Boss Money's VP of Marketing. "BOSS Money generated 46% year-over-year transaction growth and a 41% revenue increase for the week that ended on Mother's Day," Rendo added. "Looking only at destination countries that celebrated Mother's Day this past week, transactions surged 56% compared to last year with strong contributions from both our digital and retail channels."
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DOCRF | Hot Stocks08:49 EDT CloudMD announces go-private transaction with CPS Capital - CloudMD Software & Services and CPS Capital are pleased to announce that they have entered into an arrangement agreement pursuant to which CPS Capital has agreed to acquire all of the outstanding common shares of CloudMD for cash consideration of C$0.04 per Share. The Transaction is the culmination of a strategic and liquidity review that the Special Committee has been engaged in since July 2023, with the assistance of INFOR Financial Inc. Such review was necessary to address the Company's liquidity issues, which were largely the result of the number of acquisitions that the Company completed over the last four years. Although management of the Company was able to deliver on organic growth targets and strengthen the balance sheet while creating an ecosystem of care, the Company's forecasted liquidity issues impacted the Company's ability to remain a going concern. This is the result of the Company being unable to generate positive cashflow to support the business while making scheduled debt repayments, along with limited refinancing opportunities on commercially reasonable terms without onerous covenants, restricted business operations and forecasted growth initiatives. The Transaction provides the capital to support the Company's business with specific consideration to all of the Company's stakeholders and was the best alternative available to ensure the ongoing viability of the Company. If the Transaction is not completed, the Company does not expect that there will be an alternative that would provide any value to the holders of CloudMD's equity securities. The Transaction will be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act. The Transaction will be subject to the approval of at least: 66 2/3% of the votes cast by shareholders; 66 2/3% of the votes cast by shareholders and optionholders voting as a single class; and 50% of the votes cast by disinterested shareholders at a special meeting of CloudMD securityholders expected to be held before the end of June 2024. In addition to securityholder approval, the Transaction is also subject to the receipt of certain regulatory, court and stock exchange approvals and other closing conditions customary in transactions of this nature. The Arrangement Agreement includes, among other things, non-solicitation covenants on the part of the Company and a right for the Purchaser to match any competing offer that constitutes a superior proposal. Under certain circumstances, the Purchaser is entitled to a $3 million termination fee or an expense reimbursement to a maximum of $1.5 million, and CloudMD is entitled to a $1.75 million reverse termination fee. The directors and executive officers of CloudMD, who collectively hold approximately 0.16% of the outstanding Shares and approximately 0.60% of the outstanding Shares and stock options collectively, entered into voting support agreements with the Purchaser to support the Transaction. Following completion of the Transaction, the Shares will be delisted from the TSX Venture Exchange, and the Company will apply to cease to be a reporting issuer in applicable provinces in Canada.
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SHOT | Hot Stocks08:47 EDT Safety Shot introducing product to 50 targeted 7-Elevens in Los Angeles - Safety Shot announces it will be introducing Safety Shot into 50 targeted 7-Elevens in Los Angeles in June. "Safety Shot will be partnering with the local franchisee stores to begin the process growing the brand, then scaling into the 300+ 7-Eleven locations across SoCal and building towards our goal of a national launch," the company stated. "We are excited to partner, launch and bring Safety Shot to 7-Eleven in Los Angeles. Dan Courtney's expertise and Launch 33 Brands experience and market knowledge will drive trial, adoption, and ongoing volume per outlet in Los Angeles," said Josh Wagner, Chief Growth Officer of Safety Shot.
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RELI | Hot Stocks08:47 EDT Reliance Global announces acquisition of Spetner Associates - Reliance Global announced it has entered into a definitive agreement to acquire Spetner Associates. Ezra Beyman, CEO of Reliance, commented, "We could not be more thrilled to enter this definitive agreement to acquire Spetner which we are confident will prove to be the most significant acquisition in the Company's history. We expect that the addition of Spetner will more than double our current revenue and generate an Adjusted EBITDA of more than $4 million in 2024. Spetner is distinguished in its field, utilizing cutting-edge technologies that elevate it above its industry peers. This acquisition is monumental for Reliance, not just in scale but in its strategic fit within the Company's broader strategy. Its significance cannot be overstated-it is expected to more than double our current revenue, with Spetner projected to generate over $14 million in revenue during fiscal year 2024, bringing Reliance's revenue to approximately $28 million, while contributing meaningful EBITDA along with a high EBIDTA to revenue ratio. Spetner's suite of unique voluntary benefits programs and reach, serving over 75,000 individual lives, introduces great potential synergies for rounding out accounts through cross-selling for personal lines of insurance to be offered to those consumers through the RELI Exchange platform. While Spetner-BenManage was highly profitable on its own, integrating its offerings with our existing infrastructure should significantly ramp up our capabilities, effectively making the whole greater than the sum of its parts."
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VNDA | Hot Stocks08:46 EDT Vanda reports results from second Phase III study of tradipitant - Vanda Pharmaceuticals announced the results from its second Phase III study of tradipitant in motion sickness, confirming the previously reported results of two efficacy studies demonstrating that tradipitant is effective in the prevention of vomiting associated with motion sickness. This Phase III study was conducted in real-world conditions on boats in the coastal waters of the U.S. The Motion Serifos study was a multicenter, randomized, double-blind, placebo-controlled study where 316 participants embarked on boat trips under varied sea conditions and received tradipitant 170 mg, tradipitant 85 mg, or placebo. Study participants had a prior history of motion sickness and were distributed across twenty boat trips that took place between September 2023 and April 2024. Sea conditions and participant evaluation of the symptoms of motion sickness were recorded for each trip. The primary endpoint of the study was the effect of tradipitant 170 mg on vomiting. The key secondary endpoints were: the effect of tradipitant 85 mg on vomiting and the effect of tradipitant in preventing severe nausea and vomiting. Both 170 mg and 85 mg tradipitant doses were shown to be superior to placebo in preventing vomiting with only 10.4% and 18.3% of participants experiencing vomiting on tradipitant 170 mg and 85 mg respectively, as compared to 37.7% of participants on placebo resulting in reduction of risk of vomiting of over 70% in the tradipitant 170 mg group and of over 50% in the tradipitant 85 mg group.
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IMNN | Hot Stocks08:45 EDT Imunon announces abstract on Phase 2 study with IMNN-001 at ASCO meeting - IMUNON announces that an abstract describing a Phase 2 study with IMNN-001 plus bevacizumab and neoadjuvant chemotherapy in advanced epithelial ovarian cancer patients has been accepted for presentation at the American Society of Clinical Oncology, ASCO, annual meeting, to be held in Chicago from May 31st to June 4th. The abstract, titled "A phase II study evaluating the effect of IMNN-001 on second-look laparoscopy when administered in combination with bevacizumab and neoadjuvant chemotherapy in patients newly diagnosed with advanced epithelial ovarian cancer," will be presented on June 3rd at the Gynecologic Cancer session.
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HMNF ALRS | Hot Stocks08:43 EDT Alerus Financial to acquire HMNF in transaction valued at $25.86 per share - Alerus Financial Corporation (ALRS) and HMN Financial (HMNF) jointly announced today the signing of a definitive Agreement and Plan of Merger pursuant to which Alerus will acquire, in an all-stock merger, HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank. Under the terms of the Merger Agreement, HMNF will merge with and into Alerus and Home Federal will merge with and into Alerus' wholly-owned bank subsidiary, Alerus Financial, National Association, in a transaction valued at approximately $116.4 million. According to the terms of the Merger Agreement, stockholders of HMNF will receive 1.25 shares of Alerus common stock for each share of HMNF common stock they own, and the Merger is expected to qualify as a tax-free reorganization for HMNF stockholders. Based on Alerus' closing price of $20.69 as of May 14, 2024, the aggregate deal value is approximately $116.4 million, or $25.86 per share. The transaction has been unanimously approved by the Boards of Directors of both companies. Completion of the Merger is subject to customary closing conditions, including receipt of required regulatory approvals and approval by the stockholders of both Alerus and HMNF. The transaction is expected to close in the fourth quarter of 2024.
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BHC | Hot Stocks08:41 EDT Bausch Health announces results of 2024 Annual Meeting - Bausch Health Companies announced the results of its 2024 annual meeting of shareholders. Annual Meeting Results The 10 directors nominated at the Company's 2024 annual meeting of shareholders held on May 14, 2024, were elected by a vote of the shareholders. At the annual meeting of shareholders, shareholders also approved, in a non-binding advisory vote, the compensation of the Company's named executive officers, an amendment to the Company's 2014 Omnibus Incentive Plan to increase the number of common shares authorized for issuance thereunder, and appointed PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm until the close of the Company's 2025 annual meeting of shareholders.
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VERU | Hot Stocks08:40 EDT Veru announces Heymsfield as Principal Investigator for Phase 2b trial - Veru announced Steven Heymsfield, M.D., a Professor and the Director of the Body Composition-Metabolism Laboratory at the Pennington Biomedical Research Center in Baton Rouge, Louisiana, as the Principal Investigator for the Company's Phase 2b clinical trial of enobosarm to preserve muscle while augmenting fat loss in patients receiving a GLP-1 RA for weight loss.
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VRNT | Hot Stocks08:40 EDT Verint gets $4M deal with Australian Bank for 'new Verint TimeFlex Bot' - Verint continues to see contract wins and groundbreaking customer results for the new Verint TimeFlex Bot. Verint recently received a $$4M contract with a leading bank in Australia to deploy the Verint Open Platform's workforce management WFM and bot capabilities. The bank has been a long-time Verint customer and is now expanding with Verint to replace a WFM solution from another vendor and introduce the artificial intelligence AI powered Verint TimeFlex Bot for its 4,500 agents. Verint TimeFlex Bot will provide the bank's contact center agents with the flexibility to make unlimited schedule changes to reduce attrition and absenteeism while improving agent work/life balance. "This contract is testament to our open platform's unique ability to quickly deliver tangible AI business outcomes," says Verint's Jasen Williams, global vice president, corporate marketing. "The bot fits seamlessly into the customer's existing ecosystem and agents learn how to use the bot within minutes. The result is faster AI business outcomes including improved employee experiences and lower labor costs."
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MBRX | Hot Stocks08:39 EDT Moleculin Biotech begins Phase 2 study evaluating WP1066 - Moleculin Biotech announced the commencement of an Investigator-initiated Phase 2 study evaluating WP1066 in combination with radiation therapy for the treatment of adults with glioblastoma, or NU 21C06, in cooperation with the Company. The study is being conducted under Northwestern University's Investigative New Drug application, or IND, which cross references the Company's own IND, which received clearance from the FDA in April 2022. This trial is funded by the National Institutes of Health, or NIH, and BrainUp, a non-profit organization dedicated to bringing awareness to brain cancer. The NU 21C06 trial is a Phase 2, open-label, multi-arm trial of radiation therapy in combination with WP1066 in newly diagnosed IDH (isocitrate dehydrogenase) wild-type, MGMT-unmethylated glioblastoma patients. The primary outcome measure for the study is progression-free survival and secondary outcome measures include tumor microenvironment analysis.
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GNSS | Hot Stocks08:38 EDT Genasys receives $2.7M U.S. Navy Order for LRAD maritime systems - Genasys announced a $2.7M LRAD systems order from the U.S. Navy. The order is part of the Navy's ongoing replacement of first generation LRADs with new, upgraded long range communication LRAD 1000Xi systems. "LRAD systems have enhanced Navy ships' over-the-water communications and self-protection for more than 20 years," said Richard Danforth, Chief Executive Officer of Genasys. "LRAD provides operators more time and distance to determine the intent of potential threats not responding to radio calls and to initiate and scale escalation of force protocols accordingly."
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ZVSA | Hot Stocks08:38 EDT ZyVersa Therapeutics expects cas to fund requirements on month-to-month basis - Based on its current operating plan, ZyVersa expects its cash of $2.0 million as of March 31, 2024 will be sufficient to fund its operating expenses and capital expenditure requirements on a month-to-month basis. ZyVersa will need additional financing to support its continuing operations and to meet its stated milestones. ZyVersa will seek to fund its operations and clinical activity through public or private equity or debt financings or other sources, which may include government grants, collaborations with third parties or outstanding warrant exercises. During Q1, ZyVersa raised approximately $2.7 million from investors exercising in-the-money warrants.
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ATOS | Hot Stocks08:37 EDT Atossa announces last patient, last dose in Phase 2 Karisma-Endoxifen trial - Atossa Therapeutics announced that the last patient in the Company's Karisma-Endoxifen clinical trial received their final dose of study medication. Atossa is a clinical stage biopharmaceutical company developing innovative medicines in areas of significant unmet medical need in oncology with a focus on breast cancer. The Karisma-Endoxifen study, which fully enrolled in November 2023, is a 240-person Phase 2 clinical trial investigating (Z)-endoxifen in premenopausal women with measurable mammographic breast density. "Completing dosing of the final patient in the Karisma-Endoxifen study is an important milestone for Atossa and our robust (Z)-endoxifen development program, which includes five ongoing Phase 2 studies," said Steven Quay, M.D., Ph.D., Atossa's President and Chief Executive Officer. "We look forward to seeing the breast density reduction data in the coming months and sharing it with regulatory authorities as it will allow us to further progress plans for a potential Phase 3, registrational study."
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CW | Hot Stocks08:37 EDT Curtiss-Wright awarded $130M in contracts for U.S. Naval defense support - Curtiss-Wright announced it has been awarded contracts valued in excess of $130M to provide propulsion valves, pumps and advanced instrumentation and control systems for the U.S. Navy's Virginia-class nuclear powered attack submarine, Columbia-class submarine and Ford-class aircraft carrier programs. The awards were received from Bechtel Plant Machinery or BPMI to support ship construction, spare parts and submarine back-fit procurements. "Curtiss-Wright is pleased to have been awarded these important naval defense contracts, building upon our long-standing relationship with the U.S. Nuclear Navy and reflecting our ongoing support of these critical naval defense platforms, which continue to receive strong Congressional support," said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. "We look forward to delivering the most advanced, reliable and vital technologies and remain well-positioned to benefit from the continued expansion of our U.S. naval fleet." Curtiss-Wright is performing this work at its facilities in New York and Pennsylvania within the Company's Defense Electronics and Naval & Power Segments. Engineering and manufacturing have commenced and will continue through 2029.
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PXMD | Hot Stocks08:36 EDT PaxMedica files Nasdaq delisting appeal notice - PaxMedica announced it has timely filed a formal notice of appeal with the Nasdaq Office of Appeals and Review to reverse the decision of a Nasdaq Hearings Panel to delist the Company from Nasdaq. Following receipt of notification from Nasdaq on April 30th, PaxMedica determined to appeal the decision and intends to maintain that the Hearings Panel did not consider sufficiently or appropriately crucial aspects of PaxMedica's recent achievements and ongoing actions to regain compliance with all applicable requirements for continued listing. PaxMedica has retained Jacob Frenkel, Dickinson Wright, PLLC as its lead counsel in the appeal, working with the consulting firm that interacted previously with the Hearings Panel. Howard Weisman, CEO of PaxMedica, commented, "We are seeking a reevaluation of Nasdaq's recent action based on new developments that underscore our ongoing progress and commitment to addressing global health challenges. Notably, following our announcements on the completion of registration lots of PAX-101 in mid-April, the Company just submitted a briefing book for an important FDA Type C meeting scheduled for June 27th, during which we will present key updates on our plans for NDA submission later this year. We believe this, as well as our financing plans, which we made known to the Hearings Panel, support persuasively our arguments to appeal and restore trading on Nasdaq."
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YTEN | Hot Stocks08:34 EDT Yield10 Bioscience announces delisting from Nasdaq - Yield10 Bioscience announced that Company has received a final delisting notice from Nasdaq. The delisting is a result of failure to regain compliance with the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market set forth in Nasdaq Listing Rule 5550(b)(1) requiring companies listed on the Nasdaq Capital Market to maintain stockholder's equity of at least $2,500,000. Suspension of trading in the Company's common stock on the Nasdaq exchange will be effective at the open of trading on May 16, 2024. Following the Nasdaq delisting, shares of the Company's common stock will continue to trade publicly. Effective May 16, 2024, the Company's common stock will be eligible for quotation and trading on the "over the counter" market operated by the OTC Markets Group. The Company's trading symbol will remain YTEN. The Company does not expect the transition to the OTC Market to affect business operations. The Company remains focused on executing its business plan and will explore any and all strategic opportunities, both internally and externally, that have the ability to advance the development of Camelina, as well as grow shareholder value. Following the Nasdaq delisting, the Company's common stock will continue to be registered with the SEC under the Exchange Act, and the Company will continue to file reports under the Exchange Act, which reports will be available on the SEC's website, www.sec.gov. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a Staff delisting determination.
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TCBP | Hot Stocks08:34 EDT TC Biopharm announces availability of TCB008 in its compassionate use program - TC BioPharm announced that the company's lead therapeutic TCB008 will be available to patients via a newly launched compassionate use program in the UK. Compassionate use refers to the prescription of unlicensed medicinal products to treat a patient in instances where their individual clinical needs cannot be met with the available licensed treatments. Patients enrolling in these clinical trials must meet specific entry criteria, both to protect vulnerable patient populations and ensure the validity of study data. These data must be reviewed and approved by regulatory agencies before products can be marketed as licensed medicinal products for patient treatment. Access to TCB's cell therapy products through the compassionate use program will provide medical practitioners with treatment options for patients who are ineligible to access experimental treatments through ongoing clinical trials.
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IMAX | Hot Stocks08:32 EDT Imax and MEGARAMA announce agreement for three new IMAX with laser systems - MEGARAMA and IMAX announced an agreement for three new state-of-the-art IMAX with Laser systems across France. The deal will bring The IMAX Experience to key locations across the country, including one system in a large city in the north of France - set to open in 2025 - and two locations in the suburbs of the country's populous capital, scheduled to open in 2026. The new agreement doubles IMAX's footprint with the Paris-based exhibitor in France and marks the second deal in just over a year for the two companies. Inclusive of this agreement, IMAX and MEGARAMA currently operate two locations in France - with four more in backlog in the country - and one additional location in backlog in Morocco.
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TAOP | Hot Stocks08:32 EDT Taoping reports 25% y/y increase in April contract revenue - Taoping reported a total contract revenue value of approximately $2.9M for the month of April 2024, representing an increase of 25% compared to the month of April 2023. The company highlighted that its impressive growth was driven by its commitment to innovation, as evident by the increased demand for its wide array of AI-based products, including its Smart City solutions.
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ADIL | Hot Stocks08:32 EDT Adial Pharmaceuticals expects cash to fund operations into Q1 of 2025 - Cash and cash equivalents were $5.0 million as of March 31, 2024, compared to $2.8 million as of December 31, 2023. During the quarter, the Company received total gross proceeds of approximately $4.3 million from recent warrant exercises. Including the proceeds from warrant exercises, the Company believes that its existing cash and cash equivalents will allow it to accelerate the development of AD04 and fund its operating expenses into the first quarter of 2025.
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UCTT | Hot Stocks08:31 EDT Ultra Clean appoints Harjinder Bajwa as COO - Ultra Clean Holdings announced that it has appointed Harjinder Bajwa as COO, effective June 10. Bajwa will be based in Singapore. Bajwa brings 30 years of global operations expertise, including strategy development and execution, operations improvement and quality control, lean manufacturing and cost management. Most recently, Harjinder was the COO for Reconext, a leading provider of aftermarket lifecycle services for electronics. Prior, he held various roles with Flex, Ltd. for 26 years. From 2011 to 2021, he was the Senior Vice President, Global Operations of the High Reliability Solutions business unit, where he oversaw more than 40 sites in the Americas, Asia and Europe, and significantly grew the business unit's revenue and operating profits. Mr. Bajwa holds a B.S. in Mechanical Engineering from Panjab University and a M.S. in Engineering from San Jose State University. He has also completed executive development programs at the Massachusetts Institute of Technology and Stanford University.
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CNSWF | Hot Stocks08:30 EDT Harris operating group of Constellation Software announces executive changes - The Harris operating group of Constellation Software announced several changes to the Harris executive team which will go into effect June 1st 2024: Jeff Bender will take on the newly created role of Executive Chairman of Harris and will continue to oversee the Harris Operating Group on behalf of Constellation Software. Jeff will also continue as a Director of Constellation. As Executive Chairman of Harris, Jeff will continue to drive overall strategy, provide oversight on complex M&A transactions, and support the development of Harris' senior business leaders. Jean Soucy to be appointed as Harris Group CEO. Jean was previously the President of the Harris Public Sector group.
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VSQTF | Hot Stocks08:28 EDT Victory Square Technologies provides corporate update - "2023 was a year of continued growth and new opportunities for Victory Square," said Shafin Diamond Tejani, CEO. "And, this momentum has continued in 2024, with a number of exciting catalysts on the horizon. Since 2017, we've evaluated over 1000 companies & startup ideas, of which 25 have made the cut. We have a healthy balance sheet, significant assets and have built a pipeline of new opportunities," said Tejani. Revenue for the year ended December 31, 2023, was $12,055,070 compared to $5,929,096 for the corresponding prior year period.
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DMRC | Hot Stocks08:27 EDT Digimarc appoints former Workato executive Carle Quinn as CPO - Digimarc announced that former Workato Chief People Officer and human capital strategist Carle Quinn has joined the company as Chief People Officer or CPO . Quinn brings proven expertise in attracting, developing, engaging, and retaining leading talent to drive organizational and business growth. With a background encompassing human resource management, global strategy, customer advisory, and go-to-market leadership roles at industry giants such as SAP, Citrix, IBM, GE, and QVC, Quinn brings a wealth of diverse expertise to her role as CPO at Digimarc. Notably, her tenure as the first CPO at Workato saw her instrumental in scaling the company for growth
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FTCI | Hot Stocks08:25 EDT FTC Solar announces new sales, leadership appointments - FTC Solar announced new leadership appointments and an expanded sales leadership team designed to enhance customer experience and success while supporting global sales and strategic growth. The leadership appointments include: Patrick Cook, to Senior Vice President, Capital Markets and Business Development. Alberto Echeverria, to Senior Vice President, International Sales. Tamara Mullings, to Senior Vice President, North American Sales.
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HMNF | Hot Stocks08:25 EDT HMN Financial trading halted, news pending
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IMMP | Hot Stocks08:24 EDT Immutep presents data from safety lead-in Phase of AIPAC-003 at ESMO Beast 2024 - Immutep announces efficacy, safety, and pharmacodynamic data from the safety lead-in of the AIPAC-003 Phase II/III trial presented at the European Society for Medical Oncology, ESMO, Breast Cancer 2024 Congress. This lead-in represents the first ever 90mg dosing of eftilagimod alpha, a soluble LAG-3 protein and MHC Class II agonist, given in combination with weekly paclitaxel. The poster titled "Testing a higher dose of eftilagimod alpha in metastatic breast cancer patients receiving weekly paclitaxel in AIPAC-003" details positive results in six metastatic breast cancer patients, who exhausted endocrine therapy including cyclin-dependent kinase 4/6 inhibitors. The data shows a confirmed 50% overall response rate, including one complete response and two partial responses, and a 100% disease control rate, with three patients having stable disease as best overall response per RECIST 1.1. The lead-in has also shown that the first-ever 90mg efti dosing in combination with weekly paclitaxel continues to be well tolerated with a favourable safety profile
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AIRG | Hot Stocks08:24 EDT Airgain receives 'Wi-Fi 7 design' order from NA -based MSO - Airgain has secured its first purchase order from a tier one multi-service operator MSO in North America for its Wi-Fi 7 design. The revenue opportunity size is worth several million dollars over multiple years and the first shipment is expected to commence in the third quarter of 2024. Airgain's unique Wi-Fi 7 antenna solution empowers consumers with increased wireless capacity and offers unparalleled performance and connectivity. The device also contributes to driving new and expanded revenue generating opportunities for MSOs. Lance Laing, Airgain's Vice President of US Sales, said: "This significant collaboration is great news for both the MSO and their customer. It's part of a long-term relationship built on trust, innovation, and unwavering support, and it strengthens the next evolution of wireless device connectivity."
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PHRRF | Hot Stocks08:23 EDT PharmaTher's Sairiyo submits CTA for Phase 1 study of cepharanthine - PharmaTher Holdings announced Sairiyo Therapeutics has submitted to the Australian Human Research Ethics Committee for review and potential approval to initiate a Phase 1 clinical study of Sairiyo's patented reformulated enteric coated version of orally bioavailable cepharanthine as a potential treatment for infectious diseases and oncology The Phase 1 study entitled "Phase 1 Open-label, Single Dose, 3-Way Cross-Over Trial to Assess in Healthy Volunteers the Bioavailability and Pharmacokinetics Of 30 mg and 60 mg Oral Enteric Coated Capsules of Cepharanthine Dihydrochloride in Comparison to 6 mg Oral Cepharanthine Dihydrochloride Tablets", if approved by the Australian regulators in June 2024, will be a first-in-human study of PD-001. Sairiyo's wholly-owned subsidiary in Australia, Sairiyo Therapeutics Australia Pty Ltd., is the sponsor of the Study. In pursuit of its clinical strategy for PD-001, Sairiyo aims to conduct its first-in-human clinical study of PD-001 in Australia to capitalize on drug development incentives in Australia, which could earn a 43.5 percent rebate from the Australian Federal Government's Research and Development tax incentive program. Upon completion of the clinical study, Sairiyo intends to submit an Investigational New Drug application for PD-001 to the U.S. Food and Drug Administration to commence Phase 2 and Phase 3 clinical trials in the United States.
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AREB | Hot Stocks08:23 EDT American Rebel announces appointment of GBQ Partners - American Rebel Holdings announced the appointment of GBQ Partners, LLC as its independent registered public accounting firm, effective May 14, 2024. The appointment of GBQ Partners, LLC was made after a detailed evaluation process and has been approved by the Company's Audit Committee. American Rebel anticipates seeking a limited extension of the deadline for its upcoming 10-Q by filing a Form 12b-25 no later than one business day after the original due date for such report.
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CLDX | Hot Stocks08:22 EDT Celldex announces first patient dosed in Phase 2 study of barzolvolimab - Celldex Therapeutics announced that the first patient has been dosed in the Company's Phase 2 subcutaneous study of barzolvolimab in prurigo nodularis. "Prurigo nodularis is a miserable disease and treatment options are desperately needed that offer early and durable relief by both reducing the relentless itching associated with the disease and allowing for healing of the painful lesions that are the hallmark of PN," said Diane C. Young, M.D, Senior Vice President and Chief Medical Officer of Celldex Therapeutics. "In our Phase 1b PN study, with just a single dose of barzolvolimab, we demonstrated remarkable clinical results. We are very excited to see what multiple doses of barzolvolimab may offer patients in this important Phase 2 study."
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INFN | Hot Stocks08:21 EDT Infinera's GX Series, ICE6 800G selected by Super Sistem Group - Infinera announced that Indonesian network operator Super Sistem Group has selected Infinera's GX Series and ICE6 800G coherent solution to power the Super Sistem Batam Singapore, SSBS, Cable System connecting Batam to Singapore. The SSBS is a subsea fiber optic cable system and is part of a broader initiative to bring broadband to underserved communities. The deployment of Infinera's solution will help to increase access and provide affordable connectivity across Indonesia, including remote islands in the region. "We are committed to Indonesia's economic development and offering a digital infrastructure that can reliably and affordably deliver connectivity, including to remote regions, which is a high priority for Super Sistem," said Kelvan Firman, Super Sistem CEO. "Infinera's industry-leading technology helps us push the boundaries of what is possible with undersea communications, helping to improve communications services within Indonesia."
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CERO | Hot Stocks08:21 EDT Cero Therapeutics says 'diligently' completing IND-enabling work - CERo Therapeutics Holdings provides shareholders with a corporate update reviewing activities since its entering the public market. CERo Chairman and CEO Brian G. Atwood comments, "CERo has undergone significant transformation since the founding of this small private company dedicated to exploring the potential of engineered T cells, to a merger with SPAC Phoenix Biotech Acquisition Corporation, with multiple preclinical milestones along the way. The June 2023 initiation of the merger, followed by the February 2024 de-SPAC has positioned the Company as an operating Nasdaq-traded entity, which we believe has been in the highest interest of all our various shareholders. In the meantime we have been diligently completing the pre-clinical studies and documentation tasks necessary to initiate clinical trials after acceptance of an Investigational New Drug Application with the FDA. In March 2024, we announced the publication of "Therapeutic Targeting of TIM-4-L With Engineered T Cells for Acute Myeloid Leukemia" in Clinical Cancer Research, a journal of the American Association for Cancer Research. The paper is a composite of preclinical studies analyzing what we established as our lead clinical candidate CER-1236 in targeting Acute Myelogenous Leukemia tumor cells from human patients, and the candidate's killing effects on these tumor cells. These outcomes are a snapshot of a previous paper the Company published in May 2023, "Chimeric TIM-4 receptor-modified T cells targeting phosphatidylserine mediates both cytotoxic antitumor responses and phagocytic uptake of tumor associated antigen for T cell cross-presentation." Published in Molecular Therapy, this was the first published review of our mechanism of action, for which the subsequent paper provided additional evidence in another cancer, AML. We are now diligently completing our IND-enabling work, from toxicology studies to completing manufacturing runs to meet cGMP standards, all in the interest of submitting an application to the FDA in the near term. The additional studies will also likely result in submissions to peer reviewed venues such as medical conferences and publications to help gain additional validation of this extensive work. We anticipate providing status updates to our shareholders, including presentations at upcoming investor conferences, potential growth of our intellectual property portfolio, and progress on other programs beyond AML, as it is made and through other methods of communication, as appropriate. In the meantime, we remain grateful to our shareholders and to the scientific community for its embrace of what we believe is game changing science with significant potential to alter the way we treat cancer," concluded Mr. Atwood.
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BLDE | Hot Stocks08:20 EDT Blade Air Mobility, Emirates partner to help travel between Dubai, Monaco - Blade Air Mobility announced a partnership with Emirates that enables passengers to travel between Dubai and Monaco on a single, cost-effective ticket seamlessly connecting from their Emirates flight at Nice International Airport to a Blade helicopter that will fly them into Monaco. Blade provides continuous helicopter flights between Nice and Monaco all year. Upon landing at the Monte Carlo heliport, Blade's ground transfer service will drive the passengers to their final destination. Emirates and Blade are globally renowned for their exceptional passenger experience and this partnership takes it to the next level.
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ENTX | Hot Stocks08:19 EDT Entera Bio appoints Wagman as Key Clinical Advisor, SAB member - Entera Bio announced the appointment of Rachel Wagman, MD, FACE, FACP, as Key Clinical Advisor and Member of its Scientific Advisory Board, SAB. Dr. Wagman brings more than 20 years of metabolic bone disease and women's health research and drug development experience to Entera.
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AXTA | Hot Stocks08:19 EDT Axalta Coating presents three-year plan at Strategy Day - Axalta Coating Systems will present its three-year plan during a Strategy Day that is being held at the company's Global Innovation Center. The event and presentation will be available through a live webcast and replay at ir.axalta.com. During the event, Axalta will detail its plans to create value by executing the 2026 A-Plan, which focuses on five growth tenets: cultural transformation, operational excellence, optimized portfolio strategy, sustainable innovation, and effective capital allocation. The plan aims to accelerate performance as the company targets a number of milestones for 2026, including $500 million in net sales growth and greater than 60 percent Adjusted Diluted EPS growth compared to 2023, along with adjusted EBITDA margins that exceed 21 percent. "This is an exciting time for Axalta and its shareholders," said Chris Villavarayan, Axalta Chief Executive Officer and President. "We have delivered significant accomplishments to date, but we are certainly not done. Meaningful changes are already underway, and during today's event we will showcase our strategy to accelerate our performance over the next three years. I am confident that our plan will enable us to maintain our momentum in the overall transformation of our business."
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SLNO | Hot Stocks08:18 EDT Soleno Therapeutics launches initiative in honor of PWS Awareness Day - Soleno Therapeutics launched an initiative in honor of Prader-Willi Syndrome, PWS, Awareness Day. The campaign aims to raise awareness of PWS and celebrate individuals living with this life-threatening disease. "At Soleno, we are deeply committed to making a meaningful difference in the lives of individuals with Prader-Willi syndrome," said Dr. Anish Bhatnagar, Chief Executive Officer of Soleno Therapeutics. "This campaign aims to highlight the resilience and beauty within the PWS community, and we hope it will inspire greater awareness, understanding, and support for those living with this rare disease."
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AONC | Hot Stocks08:17 EDT American Oncology Network advances karyogram segmentation - American Oncology Network and the AON Central Lab announces the implementation of the new cytogenetics A.I. software HiBand v8.4 for karyogram segmentation and classification. "We are committed to our patients, and our continuous goal with any process is to decrease the time between analysis and results so that our patients not only receive the findings within a reasonable timeframe but can take action quicker alongside their physician," said Stephen "Fred" Divers, MD, AON's chief medical officer. "This software supports us in accelerating analysis processing, which means faster diagnosis and treatment plans and improved patient outcomes. Above all, it results in significant efficiency gains for those involved, from our lab technologists to physicians and their patients."
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CLS | Hot Stocks08:16 EDT Celestica introduces four new enterprise access networking switches - Celestica launched four new networking switches designed to help enterprises meet the performance and connectivity demands of modern businesses. Expanding on Celestica's portfolio of networking switches, the four new switches include: ES1000 - 1GbE, 24 or 48 port, secured access switch; ES1010 - 1GbE, 48 port, secured access switch; ES1050 - 1GbE / 2.5GbE, 48 port, secured, access switch; EG1050 - 1GbE / 2.5GbE, 48 port, secured gateway switch, with concurrent Wi-Fi & 5G / LTE. All four Ethernet switches come in a 1U form factor for organizations looking for compact, secure, scalable and performative networking; a range of memory and processor options; redundant, field-replaceable fans and power supplies for high reliability; and up to 90 Watt POE++ on any port. Along with Celestica's entire portfolio of networking switches, these latest additions support SONiC
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PHAT | Hot Stocks08:15 EDT Phathom Pharmaceuticals to present VOQUEZNA data at DDW 2024 - Phathom Pharmaceuticals announced that the company will present data from multiple studies for its first-in-class treatment VOQUEZNA including an oral presentation at Digestive Disease Week, DDW, 2024, being held May 18-21 in Washington, D.C. Phathom's Phase 3 results evaluating the investigational use of VOQUEZNA in Non-Erosive Reflux Disease, NERD, will be featured in an oral presentation during the congress.1 In addition, poster presentations showcasing real-world evidence on suboptimal treatment patterns of newly diagnosed Erosive GERD patients treated with proton pump inhibitors, and an analysis highlighting high healthcare resource utilization costs associated with Erosive GERD, among other important clinical data updates and broader clinical sessions, will be showcased.
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RVPH | Hot Stocks08:14 EDT Reviva announces enrollment update for OLE study on brilaroxazine - Reviva Pharmaceuticals announced an enrollment update to the ongoing 1-year open-label extension, OLE, study evaluating the long-term safety and tolerability of brilaroxazine in patients with schizophrenia. "We are very pleased with the pace of enrollment of our OLE study, which is progressing well across sites in the USA, Europe and Asia. As of mid-May we have 358 patients enrolled in the study, 223 patients that are currently on treatment, over 90 patients have completed 6-9 months, and 23 patients who have completed one year of treatment," said Laxminarayan Bhat, Ph.D., Founder, President, and CEO of Reviva. "Importantly, we are close to gathering long-term safety data in 100 patients with one year of treatment, which is a requirement for our planned New Drug Application submission to the Food and Drug Administration expected in Q4 2025. To date, brilaroxazine has been generally well tolerated across patients with acute and stable schizophrenia in the OLE study. We look forward to reporting topline 12 months long-term safety data in the fourth quarter of this year."
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CSLR | Hot Stocks08:13 EDT Complete Solaria signs term sheet to eliminate debt - Complete Solaria announced that a significant Complete Solaria private equity debt holder, Carlyle, has agreed to release the Company from its debt obligations in return for a third-party cash payment. T.J. Rodgers, Complete Solaria's CEO said, "The Carlyle debt, which has prevented the Company from raising money in the market, will be replaced with $10 million in debt from another debt provider that offers balloon payback structures without unduly restrictive operational covenants. The deal has been made in principle, and is subject to negotiations over terms and conditions in the final contract. In a prior press release I stated, Kline Hill has agreed to convert its outstanding debt to 9.8 million shares of Common Stock contingent upon the Company's reaching an agreement with its other outstanding lender, Carlyle...' That has been achieved. Now, the full $66 million of our combined private equity debt will be replaced with 9.8 million newly issued shares and $10 million in debt from a new lender, reducing the Company's debt load by $56 million and, in theory, increasing our equity value by the same amount. Rodgers concluded, "Our capitalization structure has now been reworked, giving us a clear line of sight to resume growth, achieve profitability, and bring value to our shareholders."
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VCIG | Hot Stocks08:12 EDT VCI Global provides preliminary funding for Saudi project - VCI Global Limited announces plans to facilitate the Capital Raising of no less than $210M for Magnum Mining & Exploration Limited through its subsidiary, V Capital Consulting Limited, VCCL. The agreement with VCCL and 2x1.Digital Private Limited is to undertake a capital raising of no less than US$210 million to advance Magnum's Green Pig Iron Project in Saudi Arabia. Magnum is to receive no less than $10 million as working capital, and the remaining amount, no less than $200 million, is to be provided as 50% of the capital for the Midmetal HIsmelt plant. The remaining 50% funding for the Midmetal HIsmelt plant will be matched by the Saudi Investment Development Fund. Investors participating in the Capital Raising will receive fully paid ordinary shares in Midmetal in proportion to their participation in the Capital Raising up to a total aggregate interest in Midmetal of 50%; and, subject to Magnum's shareholder approval, fully paid ordinary shares in Magnum in proportion to their participation in the Capital Raising up to a total aggregate interest in Magnum of 19.99%.
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SCPX | Hot Stocks08:11 EDT Scorpius Holdings achieves major milestone with cGMP facility validation - Scorpius Holdings announced the successful validation of its microbial facilities, marking a significant milestone in the Company's operations. This validation signifies that Scorpius' microbial cleanrooms are now officially approved to manufacture current Good Manufacturing Practice, cGMP, microbial biologic drugs, underscoring the Company's commitment to quality and regulatory compliance. In conjunction with the facility qualifications, Scorpius is also streamlining its operations by transitioning environmental monitoring responsibilities to internal teams, while it migrates from the previous reliance on third-party services. "Scorpius has experienced strong interest in our microbial capabilities, and we continue to add additional opportunities to our pipeline for 2024 and 2025," stated Jeff Wolf, CEO of Scorpius Holdings. "This validation confirms our commitment to high-quality, state-of-the-art microbial production. We are dedicated to leveraging our advanced capabilities to support our clients' needs and contributing to the advancement of breakthrough therapies."
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TGL | Hot Stocks08:11 EDT Treasure Global remains 'optimistic' about growth prospects - Looking ahead to the fourth quarter of fiscal year 2024, Treasure Global remains optimistic about its growth prospects and strategic initiatives. The Company believes it is well-positioned to capitalize on the economic growth of Southeast Asia, leveraging its innovative solutions and market expertise to expand further into key markets. Through continuous efforts to reorient its strategic planning towards strengthening and expanding into higher profit margin channels, Treasure Global remains steadfast in fortifying its position, reducing net losses, and focusing on bolstering gross profit margins to enhance overall financial performance. By strategically investing in these areas and remaining committed to excellence, Treasure Global aims to drive sustainable growth and create long-term value for its shareholders.
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WBA | Hot Stocks08:10 EDT Walgreens brand Naloxone available online and in stores in May - Walgreens announced it is expanding access to an over the counter, life-saving medication with the launch of Walgreens Brand Naloxone HCI Nasal Spray. Walgreens Brand Naloxone HCl Nasal Spray, 4mg now available in stores and online....The product-which retails for $34.99, a lower price than the comparable national brand product at Walgreens stores, can reverse an overdose from opioids. The product is currently available online and will be chainwide in all stores by the end of the month, where it can be found in the pain aisle, providing a critical point of access for the nearly 10 million customers and patients the company serves every day in local communities throughout the U.S. Walgreens Brand Naloxone HCl Nasal Spray can be used in the event of an opioid overdose to temporarily reverse the effects of opioids - including heroin, illicit fentanyl, and prescription opioid medications-when administered in time.
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LLY | Hot Stocks08:07 EDT Eli Lilly announces retirement of Chief Ethics and Compliance Officer Weems - Eli Lilly and Company announced that Alonzo Weems, executive vice president of enterprise risk management and Chief Ethics and Compliance Officer, and a member of Lilly's Executive Committee, will retire after 27 years of service with the company, effective Dec. 31. Weems will continue to serve in his role while the company conducts an internal and external search for a chief ethics and compliance officer. Weems began his Lilly career in 1997 as an attorney in the global medical and regulatory affairs legal group. Throughout his career, he has held important leadership roles, including general counsel for Lilly Canada, general counsel for Lilly USA and the Biomedicines and Diabetes business units, and vice president and deputy general counsel for the corporate legal functions prior to assuming his current role. Ethisphere recognized Lilly as one of the World's Most Ethical Companies for the eighth year in a row in 2024, underscoring Weems' pivotal role in championing sustained excellence in ethical practices across the organization.
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MODG PEP | Hot Stocks08:05 EDT Topgolf Callaway selects PepsiCo as official beverage partner - Topgolf (MODG) announced an eight-year beverage agreement with PepsiCo (PEP). Beverages will be supplied to Topgolf's U.S. venues beginning May 15, 2024, with the rollout expected to be completed by June 2024. In addition to serving a wide assortment of PepsiCo beverages at Topgolf, the new eight-year partnership brings with it countless one-of-a-kind Player experiences and perks, kicking off with the ultimate giveaway that will award one lucky person with eight years of free Topgolf play paired with their favorite PepsiCo beverages. Additionally, 100 more Players will have the chance to win a $25 free game play card and $25 toward the purchase of Pepsi-Cola products.
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SDA ZK | Hot Stocks08:05 EDT SunCar Technology and Zeekr extend collaboration - SunCar Technology Group (SDA) announced an extended collaboration with Zeekr Intelligent Technology Holding (ZK), a premium electric automobile brand under Zhejiang Geely Holding Group. This partnership will utilize SunCar's cutting-edge intelligent insurance service platform to deliver innovative solutions to Zeekr's customers across China, representing the latest expansion and advancement for SunCar within the insurance sector. The enhanced collaboration with Zeekr highlights SunCar's ongoing expansion and inventive strides within the insurance industry. The collaboration blends digital and traditional insurance services by integrating SunCar's state-of-the-art intelligent insurance platform with its robust cloud infrastructure.
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TRI BX | Hot Stocks08:03 EDT Thomson Reuters sells remaining stake in London Stock Exchange Group - Thomson Reuters (TRI) announced that it and certain investment funds affiliated with Blackstone (BX) collectively sold 17.3M London Stock Exchange Group PLC shares that they co-own for a price of GBP 91.50 per share. The sale was conducted through a placement to institutional investors and an offer to retail investors. Following the settlement of the transaction, Thomson Reuters will no longer hold any interest in LSEG. Of the shares sold, approximately 4.3M shares were indirectly owned by Thomson Reuters. Upon the closing of the transaction, Thomson Reuters expects to receive pre-tax net proceeds of approximately $0.5B.
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KMB | Hot Stocks08:03 EDT Kimberly-Clark appoints Patricia Corsi as Chief Growth Officer - Kimberly-Clark announced that Patricia Corsi will join Kimberly-Clark as Chief Growth Officer, effective July 1. She succeeds Alison Lewis, who has decided to retire from the company after 35 years in the consumer products industry, including the last five years at Kimberly-Clark. Lewis will serve in an advisory role until September 1, 2024, to ensure a smooth transition. Corsi joins Kimberly-Clark from Bayer Consumer Health, where she served as Chief Marketing, IT and Digital Officer and led a broad set of brand and commercial teams and oversaw the IT and Digital organizations. Among her accomplishments at Bayer, Corsi led the company's margin accretive innovation pipeline, with new products representing the majority of Bayer Consumer Health's sales growth over a five-year period. In 2023, she was named one of the Top Chief Marketing Officers by Cannes Lions, inducted into the World Advertising Federation (WFA) Marketer of the Year Hall of Fame, and recognized as an Adweek Brand Genius.
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CASI | Hot Stocks08:02 EDT Casi receives permission to proceed with CID-103 study from FDA - CASI Pharmaceuticals announced the following: On April 12 CASI submitted the IND application to the FDA for CID-103 to support a phase 1/2 study of CID-103 in adults with chronic Immune Thrombocytopenia, or ITP. On May 13 CASI received a letter from FDA indicating that study may proceed. CID-103 is a fully human IgG1 anti-CD38 monoclonal antibody recognizing a unique. Epitope that has demonstrated encouraging preclinical efficacy and safety profile compared to other anti-CD38 monoclonal antibodies. Wei-Wu He, CEO of CASI, said "ITP is a serious autoimmune blood disorder characterized by autoantibody-mediated platelet destruction and impaired platelet production, leading to thrombocytopenia and an increased risk of life-threatening bleeding episodes. We are excited to advance this program into clinical development as CID-103 has the potential to represent a new therapeutic option to help alleviate the disease burden in this patient community."
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SLDB | Hot Stocks08:01 EDT Solid Biosciences expects cash to fund strategic priorities into 2026 - Solid had $206.1 million in cash, cash equivalents, and available-for-sale securities as of March 31, 2024, compared to $123.6 million as of December 31, 2023. The Company expects that its cash, cash equivalents, and available-for-sale securities as of March 31, 2024, will enable it to fund key strategic priorities into 2026.
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SLDB | Hot Stocks08:01 EDT Solid Biosciences to initiate dosing in Phase 1/2 trial of SGT-003 in Q2 - Solid expects to initiate dosing in the Phase 1/2 trial of SGT-003 in pediatric patients with Duchenne in the second quarter of 2024. Initial safety, microdystrophin expression and functional benefit data from the first 3-4 patients enrolled in the trial is expected by the fourth quarter of 2024. Solid expects to file an Investigational New Drug Application for its first cardiac gene therapy candidate, SGT-501 for the treatment of catecholaminergic polymorphic ventricular tachycardia, in the first quarter of 2025. Solid continues to advance the rest of its therapeutics portfolio with ongoing preclinical studies in BAG3, mouse studies in TNNT2 and preclinical work in RBM20. Platform enabling work in both capsids and portfolio wide CMC process development work is ongoing.
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FRZA | Hot Stocks07:57 EDT Forza X1 optimizes workforce to align with production needs - The Company is enacting the following key measures: "Capital Expenditure Reduction: With the exception of our new facility, capital expenditures have been significantly curtailed, focusing only on essential maintenance and strategically critical projects. Non-essential development has been postponed or re-evaluated based on stringent ROI analyses. Workforce Optimization: Although a difficult decision, we have optimized our workforce to align with current production needs and financial realities. This includes a temporary freeze on hiring and, regrettably, reductions in areas where the workload has decreased. These measures are designed to preserve as many jobs as possible while maintaining financial viability. Expense Management: We are scrutinizing all expenses, from administrative to marketing, ensuring that only those that are essential and offer clear value are maintained or increased. This has also involved renegotiating contracts and seeking better terms from suppliers to reduce costs without compromising quality."
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ONDS | Hot Stocks07:55 EDT Ondas expects to generate 'significant' revenue growth for 2024 - The Company expects to generate significant revenue growth for the full year 2024 driven by growing customer activity in both business units with orders and backlog increasing in the second half of 2024. Revenue visibility is expected to improve in the second half as Ondas Networks advances systems integration efforts with the Class I railroads in the 900 MHz rail network, Optimus System inventory availability improves and Iron-Drone commercial bookings and production advance. Bookings and revenue growth are expected to fluctuate from quarter-to-quarter given the uncertainty around the timing of customer activity in front of the targeted commercial rollout for the 900 MHz rail network, the development programs underway with Siemens and MxV Rail, in addition to the timing of OAS's deliveries of the Optimus and Iron-Drone systems to the UAE, Israel and its growing roster of customers globally.
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IFN | Hot Stocks07:51 EDT India Fund announces results of Rights Offering - The India Fund announced the completion of its transferable rights offering . The Offer commenced on April 19, 2024, and expired on May 14, 2024. The Offer entitled Rights holders to subscribe for shares of the Fund's common stock of beneficial interest, par value $0.001 per share. The final subscription price was $17.75 per share of Common Stock and was determined based upon 93% of the Fund's net asset value per share of Common Stock at the close of trading on the New York Stock Exchange on the Expiration Date, which was greater than the formula of 92.5% of the average of the last reported sales price of a share of Common Stock on the NYSE on the Expiration Date and each of the four immediately preceding trading days. The Rights exercised in the Offer will result in the issuance and sale of 6,237,159 shares of Common Stock, and gross proceeds of the Offer are expected to be approximately $110 million. The shares of Common Stock subscribed for will be issued after completion of the allocation of the over-subscription shares of Common Stock and receipt of all shareholder payments. The shares of Common Stock are expected to be issued on or about May 21, 2024.
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PWWBF | Hot Stocks07:49 EDT PowerBand Solutions provides bi-weekly MCTO Status update - PowerBand Solutions is providing a bi-weekly status update in accordance with the National Policy 12-203 - Management Cease Trade Orders. As previously announced on April 16, 2024, the Company applied for the MCTO due to a delay in the filing of the audited consolidated financial statements for the year ended December 31, 2023, annual management's discussion and analysis for the same period and management certifications of annual filings. The MCTO was granted by the Ontario Securities Commission on April 30, 2024, and the Company continues to work diligently with its auditors and expects to file the Filings as soon as possible and in any event on or about June 15, 2024. The MCTO restricts the Company's Chief Executive Officer and Chief Financial Officer from trading in the Company's securities but does not affect the ability of other shareholders, including the public, to trade in securities of the Company. The Company confirms that since the date of the Default Announcement: other than as described above, there has been no material change to the information set out in the Default Announcement that has not been generally disclosed, there has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203; there has not been any other specified default by the Company under NP 12-203, and there is no material information concerning the affairs of the Company that has not been generally disclosed. The Company confirms that it will continue to satisfy the provisions of the alternative information guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases for so long as it remains in default of the above-noted filing requirements.
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AYASF | Hot Stocks07:47 EDT Aya Gold & Silver maintains 2024 guidance - 2024 guidance remains unchanged.
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HUM STIM | Hot Stocks07:45 EDT Humana first commercial payer to address TMS Therapy coverage for adolescents - Neuronetics (STIM) announced that Humana (HUM) has become the first commercial payer to update its policy in response to the Company's recent clearance from the U.S. Food and Drug Administration, FDA, for NeuroStar TMS, transcranial magnetic stimulation, as a first-line add-on for adolescents aged 15-21 with MDD, major depressive disorder.
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NCNO MTB | Hot Stocks07:44 EDT M&T Bank expands use of nCino with adoption of credit monitoring solution - nCino (NCNO) announced that M&T Bank Corporation (MTB) is expanding its use of the nCino platform and integrating nCino's Continuous Credit Monitoring Solution into its operations. The solution is powered by nIQ and leverages Rich Data Co's, RDC, AI decisioning platform. nCino's Continuous Credit Monitoring Solution leverages RDC's explainable AI platform and is designed to bring transparency to every decision, giving M&T more comprehensive insights into cash flow health, credit risk, and lending opportunities at both the customer and portfolio levels. This will enable M&T to detect more early warning signs and have access to additional data when making decisions throughout the customer relationship lifecycle.
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PROBF | Hot Stocks07:43 EDT Probe Gold advances environmental permitting for Novador project - PROBE GOLD announced the official submission of the Detailed Project Description for the Novador project to the Impact Assessment Agency of Canada, the federal body accountable to the Minister of Environment and Climate Change. This follows the submission of the Initial Project Description in October last year and marks another major step towards the Impact Assessment process, which is required under Canadian law for the advancement of a mining project towards construction and production. The IA will assess changes to the environment, health, social, and economic conditions associated with the Novador project. Since submitting the IPD, IAAC has engaged in early consultations with Indigenous Peoples, government officials, regulatory bodies, community leaders, and the public to gather feedback and identify potential interests. Incorporating the feedback received, the DPD now includes updated information mandated by regulations concerning the designated project, along with details regarding the potential environmental, social, health, and economic impacts of the project. At the federal level, the initiation of the 'Planning Phase' begins with the submission of the IPD. During this stage, the IAAC contacts Indigenous groups to notify them of a potential project that could impact their rights or interests, inviting them to participate in the planning. Following the submission of the IPD in October last year, the IAAC commenced early consultations with Indigenous Peoples, government officials, regulatory bodies, community leaders, and the public to gather feedback and identify potential interests. The purpose of the DPD and the Response to the Summary of Issues that were submitted to the IAAC about the Novador Project during the public comment period on the IPD is to outline the current understanding of the Project and enable the IAAC to notice an opinion on whether an impact assessment is required for the project. Building upon the Project information shared in the IPD, updates and additions in the DPD are informed by feedback from the Early Engagement Phase and technical studies conducted to date. The DPD aids in refining Project components and options through the design process, marking the conclusion of the Early Engagement Phase and the commencement of the EA Readiness Decision phase in the coordinated environmental assessment (EA) process. Probe will work closely with the IAAC throughout the environmental assessment process to ensure the responsible execution of the Novador project. Indigenous groups and all other stakeholders will play an important role in the development of the project, as their active collaboration throughout the development of the project is essential.
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LILM | Hot Stocks07:43 EDT Lilium welcomes KfW due diligence undertaking - The Federal Government of Germany and the Free State of Bavaria have commissioned the state development bank KfW in Frankfurt to conduct due diligence on Lilium as part of the customary state support process. Once the diligence is completed and results satisfactory, Lilium expects to receive guarantees from the Federal Government and the Free State of Bavaria as security for a KfW loan, the exact amount of which is yet to be determined. "We would like to thank those responsible in Berlin and Munich for their decision and the constructive cooperation over the last few weeks," said Lilium CEO Klaus Roewe. "We expect due diligence to be swift as transparency is a daily routine for us as a listed company."
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SER | Hot Stocks07:42 EDT Serina Therapeutics, Enable Injections announce partnership for SER-252 - Enable Injections and Serina Therapeutics announced a partnership to develop and commercialize SER-252 in combination with enFuse for the treatment of Parkinson's disease. "Current apomorphine treatments require daily and time-consuming infusions through an electronic pump that not only burdens patients and providers, but can cause significant skin reactions," said Randall Moreadith, M.D., Ph.D., Chief Development Officer of Serina Therapeutics. "With enFuse, patients can self-administer SER-252 in the convenience of their home with wearable technology and with a rapid treatment time. If effective, a SER-252 and enFuse combination provides the potential for patients to remain in a continuous 'ON' state and avoid dyskinesia."
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VRCA | Hot Stocks07:41 EDT Verrica Pharmaceuticals entered into amendment to license agreement with Torii - Verrica Pharmaceuticals announced that it has entered into an amendment to its existing licensing agreement with Torii Pharmaceutical to jointly conduct a global pivotal Phase 3 clinical trial of YCANTH for the treatment of common warts. "We are pleased to announce this significant amendment to our license agreement with Torii Pharmaceutical to advance YCANTH into a global pivotal Phase 3 clinical trial for the treatment of common warts," said Ted White, President and Chief Executive Officer of Verrica Pharmaceuticals. "Torii has been an outstanding partner in the development of YCANTH for molluscum contagiosum, and we look forward to our continued collaboration to progress YCANTH through a pivotal global Phase 3 clinical trial for common warts, which represents the single largest and most underserved patient population in all of dermatology. If positive, the data from this global Phase 3 clinical trial would not only potentially allow Verrica to submit a sNDA in the U.S. seeking FDA approval for the use of YCANTH for the treatment of common warts, but may also be utilized by Verrica to seek future marketing authorizations in territories outside the U.S. and Japan, including potentially within the European Union."
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BFH | Hot Stocks07:39 EDT Bread Financial reports April net loss rate 8.6% vs 7.8% last year - Reports end-of-period credit and other loans $17.891B vs $18.039B last year. Reports delinquency rate of 6% vs 5.5% last year.
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BBIO | Hot Stocks07:39 EDT BridgeBio reports inducement grants under Nasdaq listing rule - BridgeBio Pharma announced that on May 9, 2024, the compensation committee of BridgeBio's board of directors approved equity grants to 24 new employees in restricted stock units for an aggregate of 97,557 shares of the Company's common stock. One-fourth of the shares underlying each employee's restricted stock units will vest on May 16, 2025, with one-twelfth of the remaining shares underlying each such employee's restricted stock units vesting on a quarterly basis thereafter, in each case, subject to each such employee's continued employment with the Company or one of its subsidiaries on such vesting dates. All of the above-described awards were made under BridgeBio's Amended and Restated 2019 Inducement Equity Plan. The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4) and were granted pursuant to the terms of the Plan. The Plan was adopted by BridgeBio's board of directors in November 2019, and amended and restated on February 10, 2023 and on December 13, 2023.
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GIL | Hot Stocks07:38 EDT Gildan Activewear urges shareholders vote 'FOR' all Gildan board nominees - Gildan Activewear announced that its Board of Directors has issued a letter to shareholders in connection with its upcoming 2024 Annual Meeting of Shareholders to be held on May 28, 2024. At the 2024 Annual Meeting, activist investor Browning West is seeking to replace eight of Gildan's highly qualified directors with its own candidates, including its own Co-Founder, Peter Lee, and reinstall Glenn Chamandy, as CEO of the Company. Gildan's Board strongly urges shareholders to vote "FOR" ALL Gildan nominees as well as Karen Stuckey and J.P. Towner on the BLUE proxy card.
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BWMN | Hot Stocks07:38 EDT Bowman Consulting selected by ADOT to provide engineering, oversight services - Bowman Consulting has been selected by the Arizona Department of Transportation, or ADOT, to provide engineering and oversight services related to the construction of pedestrian and bicycle grade separation at Arizona State University's (ASU) Tempe campus. Bowman, serving as the prime engineering contractor, will lead the project in collaboration with Jacobs and SmithGroup. The Company will develop an advanced utility relocation (AUR) plan, coordinate public art integration and develop alternative alignments, preliminary cost estimates and 360-degree renderings while engaging the public and key area stakeholders throughout the project.
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VEON | Hot Stocks07:33 EDT Veon publishes Annual Corporate Governance Report - VEON has published its Annual Corporate Governance Report, May 2024 for the year ended 31 December 2023 on the Financial Results section of the Company's website. The Report provides the Company's stakeholders with essential information ahead of the 2024 Annual General Meeting of Shareholders scheduled for 31 May 2024, including a summary of our key accomplishments in 2023 and details of the Company's corporate governance structure, the Board of Directors' recommendation of nominees for appointment to the Company's Board and an unaudited remuneration report for the Group for the year ended 31 December 2023.
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BOLT | Hot Stocks07:28 EDT Bolt Biotherapeutics ceases BDC-1001 development, cuts 50% of staff - Bolt Biotherapeutics last night announced a strategic prioritization as well as changes to its leadership team. The company will focus its pipeline on its proprietary agonist antibody targeting Dectin-2 and its next-generation Boltbody ISAC programs, continue to support its collaborations with Genmab and Toray, and reduce its workforce by approximately 50%. As part of the refocusing, Willie Quinn has been appointed Chief Executive Officer, Grant Yonehiro has been promoted to Chief Operating Officer, Dawn Colburn has been promoted to Senior Vice President, Clinical Development. Michael Alonso has been promoted to Senior Vice President, Research and Sarah Nemec is being appointed Principal Accounting. Following a strategic review, Bolt determined that its BDC-1001 program will not meet its pre-defined success criteria, and the company will therefore be focusing resources on its next-generation ISAC programs. Bolt expects to extend its cash runway into the second half 2026, funding the completion of the BDC-3042 Phase 1 trial and also enabling the delivery of clinical data for next-generation ISAC BDC-4182. The stock in premarket trading is down 30% to 93c.
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OTCM | Hot Stocks07:26 EDT OTC Markets introduces OTC Overnight offering - OTC Markets Group introduced OTC Overnight, a new offering that will make OTC equity securities available for trading Sunday through Thursday between 8 PM and 4 AM eastern time. Active securities across the OTC market tiers, including global brands like Roche, Adidas, Air Canada and Techtronic Industries, will be eligible for trading in an overnight session by broker-dealer subscribers in U.S. dollars. OTC Markets expects that OTC Overnight will be available in the second quarter of this year on the OTC Link NQB Alternative Trading System. This will allow investors to track and trade thousands of global equity securities during Asian market hours, at European market open and overnight in the U.S.
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DORM | Hot Stocks07:25 EDT Dorman Products expands catalog of repair solutions - Dorman Products is announcing the release of hundreds of new aftermarket automotive components and assemblies. The new products add to an expansive catalog of more than 120,000 SKUs, a depth and diversity of coverage offering millions of new sales and repair opportunities for customers throughout North America. Noteworthy among the hundreds of releases are ten Dorman OE FIX innovations, adding to this flagship line of parts designed to save time, money and labor. More than 2,000 OE FIX products offer a level of performance and convenience that customers may not be able to obtain from a dealership.
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UNCY | Hot Stocks07:24 EDT Unicycive Therapeutics presents new data on OLC at NKF meeting - Unicycive Therapeutics announced that two posters related to the Company's lead product candidate, oxylanthanum carbonate, OLC, were presented at the National Kidney Foundation, NKF, Spring Clinical Meeting. "The NKF Spring Clinical Meeting was an important meeting for Unicycive as we were able to present data from the OLC bioequivalence study and our second poster was featured as a top-rated submission," said Shalabh Gupta, MD, Chief Executive Officer of Unicycive. "Phosphate binders are integral to the management of hyperphosphatemia in patients with CKD and their effectiveness is adversely affected by non-adherence and limitations of phosphate binding capacity relative to dietary intake. Our data confirms that OLC is bioequivalent to lanthanum carbonate by showing similar outcomes in both groups with respect to mean change in urinary phosphate excretion. Importantly, OLC demonstrated a well-tolerated safety profile with no serious adverse events. This data is important as it serves as one of the key components for our New Drug Application filing with the FDA under the 505(b)(2) regulatory pathway."
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OLMA | Hot Stocks07:23 EDT Olema Oncology announces new data on palazestrant with ribociclib - Olema Pharmaceuticals announced interim results from an ongoing Phase 1b/2 clinical study of palazestrant in combination with CDK4/6 inhibitor ribociclib for the treatment of ER+/HER2- metastatic breast cancer. These results, as of the data cut-off of March 13, 2024, will be presented on May 16, 2024, in a poster session at the 2024 ESMO Breast Cancer Annual Congress. The poster, titled "A Phase 1b/2 Study of Palazestrant in Combination with Ribociclib in Patients with Estrogen Receptor-Positive, Human Epidermal Growth Factor Receptor 2-Negative, Advanced and/or Metastatic Breast Cancer", highlighted that: Across 50 treated patients, the combination of up to 120 mg of palazestrant with the full and approved dose of 600 mg of ribociclib daily was well tolerated, with no new safety signals or enhancement of toxicity and an overall safety profile consistent with the established safety profile of ribociclib plus an endocrine therapy. Palazestrant did not affect ribociclib drug exposure and ribociclib had no clinically meaningful effect on palazestrant drug exposure. Promising preliminary efficacy was observed to date with a clinical benefit rate of 85% across all CBR-eligible patients, 83% in ESR1-mutant patients, 86% in ESR1-wild-type patients, and 83% in prior CDK4/6 inhibitor patients. Partial responses were observed in five patients through the data cut-off among 23 response-evaluable patients. Findings from this study support the continued clinical development of palazestrant in combination with ribociclib for the first-line treatment of ER+/HER2- advanced or metastatic breast cancer.
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XPER | Hot Stocks07:23 EDT Xperi: 2nd proxy firm concludes Rubric fails to persuade change in board - Xperi announced that a second independent proxy advisory firm, Glass, Lewis recommended that Xperi stockholders vote "FOR" all of the Company's director nominees on the BLUE proxy card ahead of the Company's 2024 Annual Meeting of Stockholders o be held on May 24 . One of the Company's stockholders, Rubric Capital Master Fund or Rubric, has nominated two candidates to replace half the company's independent directors on the Xperi Board of Directors. Like Institutional Shareholder Services Glass Lewis concluded that Rubric has failed to make a persuasive case for change in the composition of the Board...Commenting on the recommendations of Glass Lewis and ISS, the Board said, "We are pleased that both leading independent proxy advisory firms, Glass Lewis and ISS, have recommended that stockholders support all of the Board's nominees at this year's annual meeting." The Board continued, "like ISS, Glass Lewis did not find cause to disrupt a strategy and team that are delivering results. We encourage our stockholders to vote for the incumbents to ensure focus and execution of our existing strategy."
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TFFP | Hot Stocks07:22 EDT TFF Pharmaceuticals provides update on TFF TAC Phase 2 trial - TFF Pharmaceuticals provided an update from the Company's ongoing Phase 2 trial of Tacrolimus Inhalation Powder, TFF TAC, for the prevention of lung transplant rejection. Program update: The Phase 2 study now has 10 patients enrolled and 6 out of 6 patients who completed the 12-week treatment period with TFF TAC have chosen to remain on the therapy by proceeding to the safety extension phase. 1 patient has been treated for over a year and 3 additional patients have been treated for more than 6 months. PK data from first patient cohort indicate that TFF TAC dosing results in reduced systemic variability of tacrolimus; the systemic tacrolimus trough to peak concentration swings that occur with oral tacrolimus are not present with TFF TAC, which is predicted to reduce the risk of acute rejection and systemic toxicities such as chronic kidney disease, respectively. Patients on TFF TAC have provided anecdotal feedback to investigators noting a reduction in headaches, overall improvements in wellness, and/or ease of use in administration
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BRLXF | Hot Stocks07:21 EDT Boralex to continue to work on initiatives under strategic plan - Boralex's 2025 Strategic Plan is built around the same four strategic directions as the plan launched in 2019 - growth, diversification, customers and optimization - and six corporate targets. The details of the plan, which also sets out Boralex's corporate social responsibility strategy, are found in the Corporation's annual report. Highlights of the main achievements of the quarter ended on March 31, 2024 in relation to the 2025 Strategic Plan can be found in the 2024 Interim Report 1, which is available in the Investors section of the Boralex website. In the coming quarters, Boralex will continue to work on its various initiatives under the strategic plan, including project development, analysis of acquisition targets and optimization of power sales and operating costs. Finally, to fuel its organic growth, the Corporation has a pipeline of projects at various stages of development defined on the basis of clearly identified criteria, totaling 6.7 GW of wind, solar and energy storage projects.
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CBUS | Hot Stocks07:21 EDT Cibus applauds CFIA on updated feed guidelines for new plant varieties - Cibus applauds the Canadian Food Inspection Agency, CFIA, Animal Feed Division's publication of its updated feed guidelines clarifying requirements for new plant varieties developed using applications of gene editing. The guidelines confirm that CFIA intends to follow a product, rather than process-based, approach to regulation and adds Canada to a growing list of countries that have endorsed policies that will regulate Cibus' Rapid Trait Development System gene editing technologies similar to conventional breeding.
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GOLD | Hot Stocks07:20 EDT Barrick Gold issues sustainability report - Barrick Gold announces almost $12 billion of economic value generated by Barrick's mines last year remained in the countries in which it operates, according to the company's 2023 Sustainability Report published. "Barrick's distinctive approach to sustainability has evolved over many years, guided by the operational experience gained at its worldwide operations, the partnership philosophy at the heart of its business and the company's belief that all stakeholders should benefit from the value it creates," Barrick president and chief executive Mark Bristow said.
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REE PAG | Hot Stocks07:19 EDT Ree Automotive announces Penske Truck Leasing to offer Powered by REE EVs - REE Automotive (REE) announced that Penske Truck Leasing (PAG) will begin to offer Powered by REE EVs to its customers interested in electrifying their fleets for demos and orders, adding further momentum to REE's current $50 million order book value. "We are looking forward to adding REE's by-wire vehicle to our electric truck lineup and giving our fleet customers the opportunity to demo the vehicle and experience the technology firsthand," said Paul Rosa, Senior Vice President of Procurement & Fleet Planning at Penske.
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CREX | Hot Stocks07:18 EDT Creative Realities plans expansion into EMEA, beta launch to EMEA Integrators - Creative Realities announces its development of a channel program tailored and targeted to the EMEA marketplace. As the global digital signage and IT market is generally moving to a predominantly SaaS business model, Creative Realities is well-positioned to appeal to EMEA digital signage integrators in need of enterprise-level CMS platforms to capitalize on key growth verticals such as Retail, Convenience Stores, and the Food Service/Restaurant Segments. "Our enterprise-ready CMS platforms are purpose-built specific to these verticals and will be of value to integrators seeking robust, scalable, reliable and cloud-based solutions," states company CEO Rick Mills.
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BUKS | Hot Stocks07:17 EDT OTC Markets Group welcomes Butler National to OTCQX - OTC Markets Group announced Butler National Corporation has qualified to trade on the OTCQX Best Market. Butler National Corporation upgraded to OTCQX from the OTCQB Venture Market.
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PLUG | Hot Stocks07:17 EDT Plug Power announces integration of Class 6, fuel cell electric truck - Plug Power announced its latest innovation: the integration of a Class 6, medium-duty fuel cell electric truck. The integration involves a commercial Class 6 chassis cab with an industry proven electric propulsion system powered by Plug's cutting-edge ProGen fuel cell technology and seamlessly integrated with an industry proven electric propulsion system. "Plug continues to lead charge in developing and deploying hydrogen fuel cell solutions for electric vehicle platforms," said Plug CEO Andy Marsh. "Our ProGen engine, built on decades of operational experience, offers unmatched benefits for middle-mile delivery-range, rapid fueling, cargo volume optimization, and higher power densities."
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KRYS | Hot Stocks07:16 EDT Krystal Biotech to present preclinical data on KB407, KB408 - Krystal Biotech announced today that the Company will be presenting new preclinical data on respiratory genetic medicine candidates KB407 and KB408 at the American Thoracic Society 2024 International Conference being held from May 17-22, 2024 in San Diego, California. KB407 and KB408 are modified, replication-defective, non-integrating HSV-1 vectors formulated for inhaled delivery to the lung via nebulization. KB407 encodes two full-length copies of cystic fibrosis transmembrane conductance regulator and is under investigation for the treatment of cystic fibrosis irrespective of underlying patient mutation. KB408 encodes two full-length copies of alpha-1 antitrypsin and is under investigation for the treatment of alpha-1 antitrypsin deficiency. Both KB407 and KB408 are being evaluated in ongoing Phase 1 studies. Data presented at ATS will include new preclinical data related to KB407 transduction of fully differentiated, patient airway epithelial cell-derived apical out airway organoids and production of full-length and fully glycosylated CFTR, as well as an overview of KB408 IND-enabling studies conducted to support initiation of the ongoing Phase 1 SERPENTINE-1 study in patients with AATD.
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PBR | Hot Stocks07:16 EDT Petrobras falls after Brazil president fires CEO Jean Paul Prattes - Petrobras said received from its CEO, Jean Paul Prattes, a request that the company's board meet to consider the early termination of its mandate as CEO of Petrobras in a negotiated manner. Additionally, Jean Paul informed that he intends to subsequently submit his resignation from his position as member of the Petrobras board. Brazil President Luiz Inacio Lula da Silva fired the state-owned oil company's after a recent disagreement over its extraordinary dividend payments. Shares of Petrobras are down 9% to $15.20 in premarket trading.
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LIFE | Hot Stocks07:15 EDT aTyr Pharma to present poster of efzofitimod's mechanism of action - aTyr Pharma announced that the company will present data for its lead therapeutic candidate, efzofitimod, at the American Thoracic Society 2024 International Conference, which is scheduled to take place May 17 - 22 in San Diego, CA. The poster presents findings demonstrating that by selectively binding neuropilin-2, a cell surface receptor upregulated at active sites of inflammation, most notably on myeloid cells, efzofitimod modulates the differentiation of monocyte-derived macrophages in healthy donors and ILD patients, resulting in a unique phenotype with reduced inflammatory potential. Additionally, the data further validates the discovery of NRP2 as an important new immune target, with higher expression of NRP2 detected on circulating monocytes from ILD patients compared to healthy donors and on macrophages within pulmonary sarcoidosis granulomas and other tissues from chronic inflammatory diseases. These findings suggest that efzofitimod may have broad therapeutic potential in diseases where myeloid cells play a central role in pathology, including ILD.
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SATS | Hot Stocks07:08 EDT EchoStar awarded IDIQ contract by U.S. Naval Supply Systems Command - EchoStar announced they have been awarded an indefinite delivery, indefinite quantity, or IDIQ, contract as part of the U.S. Naval Supply Systems Command Spiral 4 wireless products and services purchasing program. EchoStar subsidiaries Hughes Network Systems and Boost Mobile will provide 5G wireless services and devices to support DoD usage in all 50 United States and U.S. territories and for temporary duty international travel. Administered by the U.S. Navy, the Spiral 4 program is available to buyers in the Department of Defense and other federal agencies. Like previous iterations, Spiral 4 will include mobile device delivery and task orders for service plans. The estimated value of the program with all yearly options is up to $2.7B over 10 years. The Spiral 4 program focuses on smartphone devices but also includes the possibility of additional devices such as tablets, IoT equipment, and other 5G-enabled devices.
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ONCY | Hot Stocks07:07 EDT Oncolytics announces preliminary collaboration with GCAR - Oncolytics Biotech announced that it has entered into a preliminary collaboration with the Global Coalition for Adaptive Research. The purpose of the preliminary collaboration is to commence planning activities for the evaluation of pelareorep in the treatment of first-line metastatic pancreatic ductal adenocarcinoma as part of GCAR's anticipated master protocol for metastatic pancreatic cancer. Activities are currently underway to finalize the seamless Phase 2/3 master protocol design that will evaluate multiple investigational therapies for the treatment of pancreatic cancer. An intent of the study is to produce registration-enabling data.
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CGEN ORMP | Hot Stocks07:06 EDT Compugen names David Silberman as CFO - Compugen (CGEN) announced the appointment of David Silberman as its new CFO, effective August 15, taking over from Alberto Sessa who will depart Compugen on the same day. David will join Compugen from Oramed Pharmaceuticals (ORMP), where he served as CFO.
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ATAI | Hot Stocks07:04 EDT Atai Life Sciences promotes Srinivas Rao to Co-EO - atai Life Sciences announced a transition in its leadership. Florian Brand, Co-Founder and current CEO, will step down as CEO by the end of this year. Co-Founder Srinivas Rao, currently the Chief Scientific Officer, will be promoted to Co-CEO effective June 1, and intends to assume the role of CEO by the end of the year subject to appointment as required by local law. Rao brings over 24 years of knowledge and experience from diverse biotechnology and pharmaceutical roles, having held the titles of Chief Scientific, Medical, or Executive Officer at companies ranging from venture-backed startups to vertically integrated, publicly traded pharmaceutical companies.
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GTAC | Hot Stocks07:04 EDT Global Technology Acquisition I, Tyfon enter business combination agreement - Global Technology Acquisition Corp. I and Tyfon Culture Holdings Limited, an O2O Chinese art marketplace, have entered into a definitive business combination agreement, pursuant to which Tyfon would become publicly listed. The proposed business combination is expected to close in the second half of 2024, subject to customary closing conditions, including regulatory and shareholder approvals. Upon closing of the Business Combination, the combined company will be named Tyfon Culture and will continue to be listed on the Nasdaq Stock Market under the ticker symbol "TFCI." The combined company will have an estimated post-transaction enterprise value of $434 million, based on a pre-money equity value for Tyfon of $428M and assuming 57% redemptions by GTAC's existing public shareholders and an anticipated $10M PIPE investment. Net proceeds raised from the Business Combination will be used to fund future growth opportunities. The Business Combination is not subject to a minimum cash condition. The Business Combination has been unanimously approved by the Boards of Directors of both Tyfon and GTAC.
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RSKD | Hot Stocks07:00 EDT Riskified approves additional $75M share repurchase program - The Board of Directors authorized the repurchase of an additional $75M of the Company's ordinary shares, subject to the completion of required Israeli regulatory procedures. Assuming completion of the required Israeli regulatory procedures, our total outstanding aggregate repurchase authorization is approximately $92M, as of May 10th.
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MAG | Hot Stocks06:52 EDT TSX approves MAG Silver's NCIB - MAG Silver announced that the Toronto Stock Exchange, or TSX, has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid, or NCIB. Under the NCIB, the Company may purchase for cancellation up to an aggregate of 8,643,374 common shares in the capital of the Company, representing approximately 10% of the public float of the Common Shares as of May 8, 2024. The Company's purchases in the United States will be subject to a limit of 5,148,977 Common Shares, being 5% of the public float of the Common Shares as of May 8. The NCIB will commence on May 17, 2024 and terminate May 16, 2025, or earlier if the maximum number of Common Shares under the NCIB have been purchased or if the NCIB has been terminated by the Company. As of May 8, 2024, the Company had 103,143,078 Common Shares issued and outstanding and a public float of 86,433,740 Common Shares. Under the NCIB, other than purchases made under a block purchase exception in accordance with the rules and policies of the TSX, the Company may acquire, from time to time, up to 66,371 Common Shares per day on the TSX, being 25% of the average daily trading volume of the Common Shares for the period from November 1, 2023 to April 30, 2024, which was 265,485 Common Shares.
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RNW | Hot Stocks06:41 EDT ReNew Energy Global signs MoU with Societe Generale - ReNew announced that it has signed a Memorandum of Understanding, or MoU, with Societe Generale, to support the financing and development of the Company's various strategic energy transition projects both in India and globally. Under the MoU, which references up to $1B of support over the next three years, primarily including debt financing and advisory solutions, both parties will leverage their respective expertise to strengthen the collaboration on utility-scale energy projects including solar, wind, complex renewables, green hydrogen, energy storage and solar modules manufacturing.
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INFY SAP | Hot Stocks06:34 EDT Infosys enters collaboration with SAP Emarsys - Infosys (INFY) announced that it is collaborating with SAP Emarsys (SAP), a cloud-based, omnichannel customer engagement platform, to empower businesses to address the growing need for omnichannel customer engagement. The collaboration will help enterprises create marketing campaigns to boost revenue growth and customer experience by leveraging Emarsys' customer engagement platform and Infosys Cobalt, a set of services, solutions, and platforms for enterprises to accelerate their cloud journey.
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DT | Hot Stocks06:33 EDT Dynatrace announces $500M share repurchase program - Dynatrace announced that its Board of Directors has authorized a share repurchase program for up to $500M of common stock. Share repurchases under the new $500 million program may be made from time to time on the open market, pursuant to Rule 10b5-1 trading plans, or other legally permissible means. The share repurchase program has no time limit, does not obligate Dynatrace to acquire a specified number of shares, and may be suspended, modified, or terminated at any time, without prior notice. The number of shares to be repurchased will depend on market conditions and other factors. Repurchases under the program are expected to be funded from a combination of existing cash balances and future cash flow.
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OCGN | Hot Stocks06:32 EDT Ocugen completes dosing in second cohort of Phase 1/2 GARDian trial for OCU410ST - Ocugen announced that dosing is complete in the second cohort of its Phase 1/2 GARDian clinical trial for OCU410ST, a modifier gene therapy candidate being developed for Stargardt disease as a one-time treatment for life. Six patients with Stargardt disease have been dosed in the Phase 1/2 clinical trial to date. An additional three patients will be dosed with the high dose (Cohort 3) of OCU410ST in the dose-escalation phase. A Data and Safety Monitoring Board meeting will convene next month to review the 4-week safety data of the medium dose cohort before proceeding with Cohort 3 (high dose), which is the final dose in the Phase 1 dose-escalation study. The company expects to provide a clinical trial update for OCU410ST in the third quarter of 2024.
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WBUY | Hot Stocks06:08 EDT Webuy launches travel business in Indonesia - Webuy Global announced the launch of its travel business in Indonesia, as it expands its presence in the growing Southeast Asian tourism market.
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GDRX KR | Hot Stocks06:06 EDT GoodRx, Kroger sign direct contracting agreement - GoodRx (GDRX) announced a new direct contracting agreement with The Kroger Co. (KR) to deliver improved prescription pricing at more than 2,200 Kroger family pharmacy locations nationwide. A key focus for GoodRx in recent years has been transforming how it delivers value to retail pharmacies. By leveraging its direct-contracting model, GoodRx and Kroger have reached a mutually beneficial agreement that enables them to deliver lower prices directly to patients. Starting June 1, 2024, patients can present a GoodRx coupon at Kroger Family of Pharmacies to receive almost 50% more savings on the expected patient price for most generics, compared to previously available prices on their prescription medications.
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LPG | Hot Stocks06:04 EDT Dorian LPG sees Q4 TCE revenue $140M-$142M - Q4 revenue consensus $152.73M.
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QH | Hot Stocks06:04 EDT Quhuo receives noncompliance notification from Nasdaq - Quhuo announced that it received notification letters from the Listing Qualifications Department of The Nasdaq, indicating that the company is not in compliance with the minimum bid price requirement set forth in Rule 5450(a)(1) of the Nasdaq Listing Rules as the closing bid price of the company's American depositary share has been below $1.00 per ADS for a period of 30 consecutive trading days, and the company's minimum market value of publicly held shares was less than $15,000,000 for the last 30 consecutive business days prior to the date of the notification letter, which does not meet the requirement for continued listing set forth in Nasdaq Listing Rule 5450(b)(1).
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U | Hot Stocks06:02 EDT Unity announces resignation of chief product and technology officer, Create - In a regulatory filing, Unity Software announced that Marc Whitten will resign as the company's Chief Product and Technology Officer, Create, effective as of June 1. Whitten will assist with the transition of his responsibilities and has agreed to continue serving as an employee until he departs from the company, effective December 31. In connection with his resignation and transition, the company and Whitten entered into a resignation and transition agreement, pursuant to which, from the Transition Date until the Resignation Date Whitten will serve as a Strategic Advisor.
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AAPL | Hot Stocks05:53 EDT Apple: App Store stopped $7B in potentially fraudulent transactions in 4 years - Apple says it prevented more than $7B in "potentially fraudulent transactions" on the App Store from 2020 through 2023, including over $1.8B in 2023, down from more than $2B in 2022. Apple said that "As digital threats have evolved in scope and complexity over the years, Apple has expanded its antifraud initiatives to address these challenges and help protect its users. Every day, teams across Apple monitor and investigate fraudulent activity on the App Store, and utilize sophisticated tools and technologies to weed out bad actors and help strengthen the App Store ecosystem." Apple found that in 2023, it rejected more than 1.7 million app submissions for failing to meet the App Store's stringent standards for privacy, security, and content. In addition, Apple's persistent efforts to stop and reduce fraud on the App Store resulted in the termination of nearly 374 million developer and customer accounts, and removal of close to 152 million ratings and reviews over fraud concerns. Reference Link
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BHAT | Hot Stocks05:21 EDT Blue Hat Interactive appoints AI digital person 'Aileen' as CIO - Driven by artificial intelligence technology, Blue Hat Interactive announced that an independently developed AI digital person, " Aileen," will serve as the company's chief information officer, or CIO. The development of this AI digital person is based on the company's long-term technical buildup in the gaming field and in-depth application of market-leading third-party AI technology, marking an important step for BHAT in the field of AI application services.
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