Stockwinners Market Radar for June 10, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

NTLA

Hot Stocks

20:32 EDT Cathie Wood's ARK Investment bought 47K shares of Intellia Therapeutics today
KPRX

Hot Stocks

19:50 EDT Kiora Pharmaceuticals Inc trading halted, news pending
NRG

Hot Stocks

19:24 EDT NRG Energy applies to Texas Energy Fund for nat-gas power generation - The company states: "Today, NRG Energy submitted the first of three loan applications to the Texas Energy Fund to develop the previously announced 1,600 megawatts of new quick-start natural gas power generation in the Electric Reliability Council of Texas, or ERCOT. The TEF is administered by the Public Utility Commission of Texas, or PUCT. This first application is for a new 721 MW natural gas combined cycle unit at NRG's Cedar Bayou plant in Baytown, Texas. In the coming weeks, the company plans to submit applications for two quick-start natural gas peaking projects near Houston: the 455 MW project at TH Wharton and the 456 MW unit at Greens Bayou. NRG anticipates that these three projects will be capable of supplying power to customers in under 30 minutes. Completion of these projects is contingent upon timely loan approvals from the PUCT and tax abatements by local authorities. Following approval, NRG would begin construction on two of the three facilities as early as October of this year. These plants are expected to create lasting economic and community benefits through permanent positions and hundreds of construction jobs."
CXW

Hot Stocks

19:21 EDT CoreCivic discloses termination notice of ICE contract, sees 38c-41c EPS impact - The company states: "CoreCivic received notification today from U.S. Immigration and Customs Enforcement, or ICE, that the agency intends to terminate an inter-governmental service agreement between CoreCivic and ICE for services at the South Texas Family Residential Center in Dilley, TX effective in 60 days, or on or about August 9, 2024. For the year ended December 31, 2023, and for the quarter ended March 31, 2024, total revenues at the Facility were $156.6 million and $39.3 million, respectively. Given that the notice of termination was received today and based on cost uncertainties associated with the closure, CoreCivic is suspending its financial guidance for 2024. However, we estimate the annualized financial impact to be a reduction to earnings per share of approximately 38c-41c."
LUV

Hot Stocks

19:19 EDT Southwest comments onf presentation from Elliott Investment Management - The company "reiterated its willingness to meet with Elliott Investment Management L.P. to further discuss the airline's strategy to enhance value for all Shareholders, stating: Southwest Airlines maintains an open dialogue with our Shareholders and values their perspectives related to enhancing Shareholder value. We were first contacted yesterday by Elliott. Our Board and Executive Leadership Team are thoughtfully reviewing Elliott's letter and presentation and look forward to further conversations with Elliott to better understand its view on the Company. We are confident that Southwest Airlines has the right strategy, the right plan and the right team in place to drive long-term value for our Shareholders. We are focused on restoring our industry-leading financial performance, the successful execution of our multi-faceted Tactical Action Plan to improve operational performance announced in first quarter 2023, alongside recent technology investments and operational resiliency programs that led to the operation of 99% of scheduled flights in first quarter 2024. Our ongoing effort to optimize our network is addressing underperforming markets to better align capacity with observed passenger demand. We recently implemented a new revenue management system which, combined with our ongoing review of transformational initiatives, such as enhancing the Customer onboard experience, represent tangible steps toward achieving improvements in our financial and operational performance and positioning us for sustainable success in an evolving marketplace. The Company looks forward to sharing additional detail on our plan at Investor Day in September. The Southwest Airlines Board of Directors diligently oversees our strategy and Leadership Team and, based on the Company's ability to overcome strong headwinds in the past, is confident in our CEO and Leadership Team's ability to fulfill our strategy to drive long-term value for all Shareholders, safely and reliably serve our Customers, create new and exciting career opportunities for our Employees and serve the interests of all stakeholders. In recent years, our Nominating and Corporate Governance Committee has also sought to identify prospective Directors with a view toward maintaining an effective mix of skills and experience, introducing fresh perspectives while balancing continuity, and continuing to strive for diverse representation. This focus on refreshment has resulted in the appointment of seven new independent Directors to the Board in the past three years."
HPQ

Hot Stocks

18:44 EDT HP Inc. CEO: Starting to see growth of PCs again - In an interview on CNBC's Mad Money, Enrique Lores said HP Inc. has very good momentum heading into the second half of the year. It is building models into PCs that will learn how the user works and adapt to that, he noted.
RIO

Hot Stocks

18:32 EDT Rio Tinto to acquire Mitsubishi's 11.65% stake in Boyne aluminum smelter - Rio Tinto has agreed to acquire Mitsubishi Corporation's 11.65% interest in Boyne Smelters Ltd, which owns and operates the Boyne Island aluminium smelter in Gladstone, Australia. On completion of this transaction, and the recent agreement to acquire Sumitomo Chemical Company's 2.46% interest in BSL, Rio Tinto's interest in BSL will increase to 73.5%. The acquisition, which is for an undisclosed price, is subject to various conditions precedent, including approval from Australia's Foreign Investment Review Board, and is expected to be finalised in the second half of 2024. Rio Tinto looks forward to continuing to work with its remaining BSL joint venture partners and other stakeholders on securing a competitive low-carbon future for its Gladstone operations. After completion of the two transactions, the BSL joint venture partners will be: Rio Tinto (73.5%), YKK Aluminium (9.50%), UACJ Australia (9.29%) and Southern Cross Aluminium (7.71%).
SAIC

Hot Stocks

18:07 EDT SAIC CFO buys $229.7K in common stock - In a regulatory filing, SAIC disclosed that its CFO Prabu Natarajan bought 2K shares of common stock on June 10th in a total transaction size of $229.7K.
GNFT

Hot Stocks

17:55 EDT Genfit SA (ADR) trading resumes
CACI

Hot Stocks

17:51 EDT CACI awarded $450M Air Force contract - CACI was awarded a maximum $450M firm-fixed-price, firm-fixed-price-level-of-effort, fixed-price-incentive-fee, cost, indefinite-delivery/indefinite-quantity contract for Joint Navigation Warfare Center IV. This contract provides research and development support services for the Joint Navigation Warfare Center. Work will be performed in Albuquerque, New Mexico, and is expected to be completed by February 15, 2034. This contract was a competitive acquisition, and five offers were received. Fiscal 2024 operation and maintenance funds in the amount of $14.26M are being obligated at time of award. The Space Acquisition Integration Office is the contracting activity.
GSK...

Hot Stocks

17:37 EDT GSK starts process for appeal of recent Delaware Daubert ruling - GSK (GSK) confirms that the company has taken the first step to seek appeal of the recent Daubert ruling, made by the Delaware Superior Court, which permits plaintiff expert testimony as part of the Zantac litigation in Delaware. GSK strongly disagrees with the Delaware Superior Court's ruling and has filed an application with the court to appeal to the Delaware Supreme Court for interlocutory review of the decision. Pfizer (PFE), Sanofi (SNY), and Boehringer Ingelheim are all parties to the application. While interlocutory reviews are granted in exceptional circumstances, GSK believes such circumstances are present here and that it is important to raise these matters now to the Delaware Supreme Court. The Superior Court's ruling is inconsistent with how the Daubert standard has been applied previously in Delaware and federal courts. As such, differing rulings interpreting how the Daubert standard is to be applied to litigation before Delaware Courts, now exist. The Superior Court's ruling would therefore have profound implications for all companies and businesses incorporated in Delaware. If the Delaware Superior Court grants the application for appeal, the case for interlocutory review of the decision will proceed to the Delaware Supreme Court for consideration. If the Delaware Superior Court rejects the application, GSK and the other defendants will seek leave to appeal directly to the Delaware Supreme Court. A decision, on whether to grant interlocutory review and hear the appeal, would be expected from the Delaware Supreme Court sometime later this year. The scientific consensus remains that there is no consistent or reliable evidence that ranitidine increases the risk of any cancer. There are 16 epidemiological studies looking at human data regarding the use of ranitidine, including outcomes for more than 1 million patients using ranitidine, supporting this consensus. GSK remains committed to vigorously defending itself and managing this litigation in the best interests of the company and its shareholders.
ELF

Hot Stocks

17:30 EDT e.l.f. Beauty director sells $2.0M in common stock - In a regulatory filing, e.l.f. Beauty discosed that its director Richard Wolford sold 11.1K shares of common stock on June 7th in a total transaction size of $2.0M.
ELF

Hot Stocks

17:30 EDT e.l.f. Beauty exec sells $2.42M in common stock - In a regulatory filing, e.l.f. Beauty discosed that its Chief Marketing Officer Kory Marchisotto sold 13.2K shares of common stock on June 6th in a total transaction size of $2.42M.
NDLS

Hot Stocks

17:19 EDT Noodles & Co. names Britain Peakes to board as part of pact with Hoak & Co. - Noodles & Company has appointed Britain Peakes as a director on its Board of Directors, effective June 10, 2024. Ms. Peakes is a seasoned finance and investment professional with experience in both private and public markets. As a principal investor at Hoak & Co., she oversees a comprehensive range of responsibilities, including sourcing, due diligence, transaction negotiation and execution, portfolio management, and financial analysis across real estate, private equity, and public equity sectors. Before her tenure at Hoak & Co., Ms. Peakes held various roles at HBC Investments, Blackhill Partners, ACS, RM Crowe, and Ernst & Young. Ms. Peakes joins the Board as part of a Support Agreement entered into between Noodles & Company and Hoak Public Equities, L.P., which owns approximately 9.48% of the Company's outstanding shares.
IR

Hot Stocks

17:11 EDT Ingersoll-Rand divests legacy asbestos liability - In a regulatory filing, the company states: "On June 10, 2024, Ingersoll Rand permanently divested all of its legacy asbestos liability by selling its wholly-owned subsidiaries that hold these liabilities and the related insurance assets. The sale was made to Delticus, a leading, institutionally capitalized corporate liability acquisition platform that specializes in acquiring and managing long-tail legacy corporate liabilities. Delticus is owned by entities affiliated with Third Point LLC. At closing, the divested entities were capitalized with a total of $188.5 million, including $143.5 million from insurance settlement proceeds, $35 million from affiliates of Delticus, and $10 million from Ingersoll Rand. In connection with the sale, Ingersoll Rand and its board of directors received a solvency opinion from an independent advisory firm that formed the basis (along with other inputs) for its determination that the divested entities were solvent and adequately capitalized immediately prior to, at the time of, and after giving effect to, the sale. As a result of the transaction, no asbestos liabilities or related insurance assets will be included in Ingersoll Rand's consolidated year-end 2024 balance sheet. Delticus assumes management of the divested subsidiaries, including the management of their claims and insurance policy reimbursements."
VSME

Hot Stocks

17:01 EDT VS Media announces 1-for-7 share combination - VS Media Holdings Limited announced that it plans to implement a 1-for-7 share combination of its Class A ordinary shares and Class B ordinary shares effective on June 17, 2024. Beginning with the opening of trading on June 17, 2024, the company's Class A Ordinary Shares will begin trading on a post-Share Combination basis on the Nasdaq Capital Market under the same symbol "VSME", but under a new CUSIP number of G9517U202. The objective of the Share Combination is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market. Upon the effectiveness of the Share Combination, every seven issued and outstanding Class A Ordinary Shares of no par value each and Class B Ordinary Shares, no par value per share will automatically be converted into one issued and outstanding Class A Ordinary Share of no par value each and Class B Ordinary Shares, no par value per share, respectively. No fractional shares will be issued as a result of the Share Combination. Instead, any fractional shares that would have resulted from Share Combination will be rounded up to the next whole number. The Share Combination affects all shareholders uniformly and will not alter any shareholder's percentage interest in the company's outstanding ordinary shares, except for adjustments that may result from the treatment of fractional shares. The Share Combination was approved by the company's board of directors on June 5, 2024, and its shareholders on June 10, 2024.
TSLA...

Hot Stocks

16:52 EDT Musk says Apple not 'smart enough' to make its own AI - In a post on X, formerly Twitter, Tesla (TSLA) CEO Elon Musk said, "It's patently absurd that Apple (AAPL) isn't smart enough to make their own AI, yet is somehow capable of ensuring that OpenAI will protect your security & privacy! Apple has no clue what's actually going on once they hand your data over to OpenAI. They're selling you down the river." Reference Link
ADSK

Hot Stocks

16:49 EDT Autodesk says provided SEC with documents related to internal investigation - In a regulatory 10-Q filing, the company states: "In early March 2024, the Audit Committee of Autodesk's Board of Directors commenced an internal investigation with the assistance of outside counsel and advisors regarding the Company's free cash flow and non-GAAP operating margin practices. On March 8, 2024, the Company voluntarily contacted the U.S. Securities and Exchange Commission to inform it of the Internal Investigation. On April 3, 2024, the United States Attorney's Office for the Northern District of California contacted the Company regarding the Internal Investigation. The Company voluntarily provided the SEC and USAO with certain documents relating to the Internal Investigation and will continue to cooperate with the SEC and USAO. At this stage, the Company cannot reasonably estimate the amount of any possible financial loss that could result from this matter."
BHR AINC

Hot Stocks

16:43 EDT Blackwells Capital issues presentation to Braemar Hotels & Resorts shareholders - Blackwells Capital, a shareholder of Braemar Hotels & Resorts (BHR), released a presentation titled, "The Continued Buffoonery of Monty Bennett." Additionally, Blackwells announced that independent shareholders of Braemar are speaking out and concurring with Blackwells' campaign aims: to terminate the egregious external management agreement with Ashford Inc. (AINC) and to reconstitute Braemar's entrenched board. Brancous LP1, a Braemar shareholder, wrote to Blackwells. Brancous wrote: "we share Blackwells' concerns..." and that "[t]he reappointment of Monty Bennett and Kamal Jafarnia by Ashford Hospitality board...reinforces our concerns about the governance integrity of Braemar." Brancous further commented on "the lackluster performance under the current board's leadership" and stated that "it's troubling to see board members enriching themselves at the expense of shareholder value." In addition, Braemar's second largest shareholder recently disclosed a June 3 email that it sent to Monty Bennett. The email calls for the termination of the external management agreement with Ashford and for the replacement of members of the board. Jason Aintabi, chief investment officer of Blackwells, said: "We are not surprised to see other shareholders speaking out. We are only surprised that Monty Bennett has remained in his position as long as he has. He may have his conflicted board to thank for that, but both he and they are facing a ticking clock until independent, qualified individuals make their way onto the Board so Braemar can return value to its rightful owners once and for all. It's time to put Monty's Advisory Agreement where it belongs: in the trash can."
GNFT

Hot Stocks

16:42 EDT Genfit SA (ADR) trading halted, news pending
SWI

Hot Stocks

16:41 EDT SolarWinds names Lewis Black as CFO, succeeding J. Barton Kalsu - SolarWinds announced the appointment of Lewis Black as its Executive Vice President, CFO, and Treasurer to be effective in August 2024. Black brings over 25 years of experience in the information technology space, having served in financial and operational roles at AT&T, Lucent Technologies, Avaya, and Citrix. He most recently served as CEO of Actian, a hybrid data management, analytics, and integration company, from 2020 to 2023 and as Senior Vice President and CFO from 2018 to 2020, with responsibility for the company's financial and capital management strategies, strategic and operational planning, and driving the operational execution. Black will succeed J. Barton Kalsu, who tendered his resignation on June 6, 2024, in order to explore other professional opportunities. Kalsu will remain as the company's CFO through August 15, 2024, and has agreed to serve in an advisory capacity to support an orderly transition.
TSLA...

Hot Stocks

16:39 EDT Musk to ban Apple devices at his companies if they integrate OpenAI at OS level - Tesla (TSLA) CEO Elon Musk said in a post on X, formerly Twitter, that if Apple (AAPL) integrates Microsoft-backed (MSFT) OpenAI at the OS level, then Apple devices will be "banned" at his companies. "That is an unacceptable security violation," Musk said. "And visitors will have to check their Apple devices at the door, where they will be stored in a Faraday cage." Reference Link
SWI

Hot Stocks

16:39 EDT SolarWinds names Lewis Black as CFO - SolarWinds announced the appointment of Lewis Black as its Executive Vice President, CFO, and Treasurer to be effective in August 2024. Black brings over 25 years of experience in the information technology space, having served in financial and operational roles at AT&T, Lucent Technologies, Avaya, and Citrix. He most recently served as Chief Executive Officer of Actian, a hybrid data management, analytics, and integration company, from 2020 to 2023 and as Senior Vice President and Chief Financial Officer from 2018 to 2020, with responsibility for the company's financial and capital management strategies, strategic and operational planning, and driving the operational execution.
T

Hot Stocks

16:34 EDT AT&T backs FY24 CapEx view $21B-$22B, on track to achieve financial guidance - Pascal Desroches, CFO, AT&T, will speak tomorrow at the Bank of America C-Suite TMT Conference where he will provide an update to shareholders. AT&T remains on track to achieve its financial guidance. The company remains confident in its ability to deliver on all of the financial guidance shared during its earnings report in April 2024. AT&T also remains focused on driving incremental efficiencies through its goal of $2B+ in run-rate cost savings by mid-2026. The company is on track to achieve net-debt to adjusted EBITDA in the 2.5x range in the first half of 2025. It also plans to continue addressing short-term financing obligations as it shapes an even more sustainable and ratable free cash flow cadence. AT&T continues to make critical investments in its wireless and fiber future. Over the past five years, from 2019 to 2023, AT&T invested $145B+ primarily in its wireless and wireline networks, including capital investments and acquisitions of wireless spectrum3. To support its ongoing investment in 5G and fiber, the company continues to expect 2024 capital investment in the $21B-22B range.
GWRE

Hot Stocks

16:31 EDT Guidewire selected by FMG to power core business - FMG and Guidewire "announced that FMG has selected Guidewire InsuranceSuite on Guidewire Cloud to power its core business. A Guidewire customer since 2012, FMG will be migrating its on-premise installation of InsuranceSuite to Guidewire Cloud, aligned with its business strategy. Guidewire Cloud will enable FMG to simplify its IT operations to adapt quickly to changing market demands and customer expectations to support its continued growth."
REAX

Hot Stocks

16:31 EDT Real Brokerage is set to join the Russell 3000 Index - The Real Brokerage is set to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1st, according to a preliminary list of additions posted Friday, May 24th. The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of Tuesday, April 30th, ranking them by total market capitalization. Membership in the US all-cap Russell 3000(R) Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings, and style attributes. "We're honored to be joining the Russell 3000(R) Index, a milestone that reflects a decade of hard work and dedication building Real into the real estate technology leader it is today," said Tamir Poleg, Real's Chief Executive Officer. "Our success wouldn't be possible without the unwavering commitment of our agents and employees. Joining this prestigious index will amplify Real's visibility within the investment community, enabling us to share our story and unique agent value proposition with a broader audience."
SHEN

Hot Stocks

16:29 EDT Shenandoah CEO buys $244.8K in common stock - In a regulatory filing, Shenandoah disclosed that its CEO Christopher French bought 15K shares of common stock on June 10th in a total transaction size of $244.8K. Shares of Shenandoah are up 2% afterhours at $16.59.
DOMO

Hot Stocks

16:23 EDT Domo partners with phData to simplify data management - The company states: "Domo announced that phData, a full-service AI and data analytics consulting company, has partnered with Domo to help its users simplify data management and get actionable intelligence faster with the Snowflake AI Data Cloud and Domo. With more than 600 employees, phData is bringing together its analytics consulting projects for customers to utilize Snowflake's AI Data Cloud and the power of Domo's platform. phData relies on Domo's platform to provide real-time data to all employees, which empowers informed decision-making and drives business impact. Supported by a range of flexible AI services, Domo enables companies to utilize, expand, act on and automate actions based on corporate data, all while ensuring secure, transparent and permission-based AI implementation."
CNS

Hot Stocks

16:22 EDT Cohen & Steers reports preliminary AUM $80.5B as of May 31 - Cohen & Steers reported preliminary assets under management of $80.5B as of May 31, 2024, an increase of $3.3B from assets under management of $77.2B at April 30, 2024. The increase was due to market appreciation of $3.6B, partially offset by distributions of $150M and net outflows of $93M.
MSEX

Hot Stocks

16:21 EDT Middlesex Water names Mohammed Zerhouni as CFO - Middlesex Water has named Mohammed Zerhouni as its new senior VP, CFO and treasurer effective June 24, as part of its ongoing strategic succession planning efforts. Zerhouni joins Middlesex following a search for a successor to senior VP, treasurer and CFO, A. Bruce O'Connor, who will retire from the company effective June 21 after 34 years of service.
AMK

Hot Stocks

16:19 EDT AssetMark Financial reports May platform assets $117.7B - AssetMark Financial released its monthly report. Company results for the month of May include: platform assets of $117.7B at the end of May, up 22.1% year-over-year. Net flows were $611M in the month of May, down 4.1% year-over-year. AssetMark Trust Company client cash was $2.84B, down 3.7% year-over-year. Number of households increased 5.7% year-over-year to 260,756 at the end of May.
BKD

Hot Stocks

16:18 EDT Brookdale Senior Living reports May occupancy - May 2024 Observations: Sequentially, May weighted average occupancy increased 20 basis points while month end occupancy increased 30 basis points, supported by ongoing improvement in resident retention. May weighted average occupancy reflected a continued outperformance versus pre-pandemic normal seasonality and represented the company's thirty-first consecutive month of year-over-year weighted average occupancy growth. Second quarter-to-date weighted average occupancy increased 160 basis points to 78.0% compared to 76.4% for the comparable period of 2023.
HPE

Hot Stocks

16:17 EDT HP Enterprise director sells $975.5K in common stock - HP Enterprise discosed that its director Gary Reiner sold 50K shares of common stock on June 6th in a total transaction size of $975.5K.
FFA

Hot Stocks

16:16 EDT First Trust Equity Income raises quarterly dividend to 35c per share from 31.5c - The distribution will be payable on June 28, 2024, to shareholders of record as of June 21, 2024. The ex-dividend date is expected to be June 21, 2024.
RBOT

Hot Stocks

16:16 EDT Vicarious Surgical announces 1-for-30 reverse stock split - Vicarious Surgical announced it will effect a 1-for-30 reverse stock split of the Company's issued and outstanding Class A common stock, par value $0.0001 per share, and Class B common stock, par value $0.0001 per share. The reverse stock split was approved by Vicarious Surgical's shareholders at the Company's annual shareholder meeting held on June 10, 2024, with the final ratio determined by the Company's Board of Directors within the ratio range authorized by shareholders. The reverse split is primarily intended to increase the Company's per share trading price and bring the Company into compliance with the New York Stock Exchange's listing requirement regarding minimum share price.
OPTX

Hot Stocks

16:10 EDT Syntec Optics CFO Robert Nelson departs, Dean Rudy succeeds - Syntec Optics named Dean Rudy CFO, effective June 10. Rudy succeeds Robert Nelson. Rudy brings over 30 years of experience. His last assignment was CFO for Auction Direct USA, a multi-state used car superstore company.
MOBX

Hot Stocks

16:08 EDT Mobix Lab sees sequential revenue growth of over 70% - Keyvan Samini, CFO of Mobix Labs, commented, "I am pleased to share that Mobix Labs is poised for a substantial revenue increase of over 70% sequentially this quarter, surpassing $2 million. This remarkable growth stems largely from our successful acquisition of RaGE Systems, which has significantly bolstered our revenue. Looking ahead, we anticipate further growth in our market presence and revenue, driven by strategic acquisitions and robust product sales."
GEHC

Hot Stocks

16:08 EDT GE HealthCare says IGT to be combined with Ultrasound segment in 3Q24 - GE HealthCare announced that it has named Roland Rott president and CEO of Imaging and Phil Rackliffe president and CEO of Ultrasound and IGT. Both leaders bring to their roles decades of deep experience in healthcare innovation and experience leading global teams in businesses of scale. This also highlights the depth of internal talent that GE HealthCare is building to strengthen focus on delivering for patients and customers. These changes will be effective July 1, 2024. IGT, a $1.6B subsegment of Imaging, will be combined with the Ultrasound segment in the third quarter of 2024, to form a global business with more than $5B in annual revenue. GE HealthCare is aligning IGT with Ultrasound to better match its clinical usage and realize stronger business and customer impact by providing the right image guidance in the right care setting. Aligning IGT and Ultrasound positions GE HealthCare to be more agile and address future imaging needs using these real-time modalities in both inpatient and outpatient settings. Without IGT, Imaging will remain GE HealthCare's largest segment with more than $8.9B in annual revenue. This segment will enhance focus on solutions centered on surgical and interventional procedures, particularly interventional cardiology and structural heart, while continuing Ultrasound's diagnostic leadership. Peter Arduini, chief executive officer of GE HealthCare, said, "Roland and Phil will bring fresh viewpoints, global perspective, and deep industry expertise to our Imaging segment and new Ultrasound and IGT segment. Elevating leaders who have a deep understanding of our customers' needs, market trends, and our strategic focus will help enable us to accelerate innovation and growth. Roland and Phil are proven leaders who are well positioned to take on these new opportunities, drive our precision care strategy, and deliver for patients and customers." GE HealthCare expects to provide recast financial results to reflect the movement of IGT from Imaging to the new Ultrasound and IGT segment in its filings with the U.S. Securities and Exchange Commission for third quarter 2024.
ARRY

Hot Stocks

16:08 EDT Array Technologies CFO Kurt Wood to step down - Array Technologies announced today that its CFO, Kurt Wood, will be stepping down from his position at the end of the second quarter to pursue other business interests. The company has commenced a formal search for a new chief financial officer and Wood will stay on as a consultant through the end of the third quarter to support the transition period.
TWOU

Hot Stocks

16:06 EDT 2U announces 1-for-30 reverse stock split - 2U announced that it will proceed with a 1-for-30 reverse stock split of its outstanding shares of common stock following approval by its Board of Directors. This ratio is within the range approved by stockholders at the annual meeting of 2U shareholders held on May 20, 2024. The Reverse Stock Split is expected to become effective at 5 p.m., Eastern Time, on June 13, 2024. 2U expects the Common Stock will begin trading on a post-split basis at the market open on June 14, 2024 under the symbol "TWOU" with the new CUSIP number 90214J 200. The primary goal of the Reverse Stock Split is to increase the per share market price of the Common Stock to regain compliance with Nasdaq's minimum bid price requirement for continued listing on The Nasdaq Global Select Market
YEXT

Hot Stocks

16:06 EDT Yext to acquire Hearsay Systems for $125M - Yext "announced that it has entered into a definitive agreement to acquire Hearsay Systems, a global leader in digital client engagement for financial services, for $125 million and up to an additional $95 million if certain performance targets are achieved. The acquisition will combine Yext's industry-leading digital presence management platform with Hearsay Systems' compliant engagement solutions across social media, websites, text, and voice. The transaction is expected to close in the second half of Yext's fiscal year 2025, ending January 31, 2025, subject to the satisfaction of customary closing conditions, including required regulatory approvals."
UBSFY

Hot Stocks

16:02 EDT Ubisoft highlights 'Star Wars,' 'Assassin's Creed' at Forward event - At its Ubisoft Forward event, Ubisoft made a number of announcements pertaining to its upcoming video game slate. Highlights from the event include: a new story and gameplay trailer for "Star Wars: Outlaws," out August 30, 2024; an update for its new free-to-play shooter "XDefiant"; the announcement a free new content update for "Prince of Persia: The Lost Crown" that has a boss rush mode and additional puzzle and platform challenges, available today; the announcement of new story downloadable content for "The Lost Crown," out September 2024; a new trailer for "The Rogue Prince of Persia" and its upcoming new content update; a teaser for the upcoming remake of "Prince of Persia: The Sands of Time," out in 2026; the reveal of new strategy game "Anno 117 Pax Romana," out in 2025 on PC and consoles; and a deeper look at "Assassin's Creed Shadows," out November 15, 2024.
PAG

Hot Stocks

14:59 EDT Penske Automotive's Premier Truck Group acquires River States Truck and Trailer - Premier Truck Group, an international medium-duty and heavy-duty commercial truck dealership group and a Penske Automotive Group company, announced the acquisition of River States Truck and Trailer, Inc. headquartered in La Crosse, WI. The acquisition is expected to add $200M of estimated annualized revenue for Premier Truck Group. "Premier Truck Group continues to grow our footprint to 48 locations throughout the United States and Canada. Our culture at PTG is to work as one network executing to deliver the best customer experience in North America, achieve operational excellence and maintain an exceptional place for our employees to work" said Ron Long, President and CEO of Premier Truck Group. "In addition to parts, service and truck sales, we will add collision centers with the Eagan and La Crosse locations expanding our nationwide heavy truck collision network to 12 locations. We look forward to representing the Freightliner and Western Star brands and serving customers in this new market for Premier Truck Group while leveraging our scale as we pursue operational efficiencies."
AAPL

Hot Stocks

14:49 EDT Apple previews iOS 18 with 'biggest-ever redesign of Photos' - Apple previewed iOS 18, which it calls "a major release that features more customization options, the biggest redesign ever of the Photos app, new ways for users to manage their inbox in Mail, Messages over satellite, and so much more." Apple said: "Users will be able to arrange apps and widgets in any open space on the Home Screen, customize the buttons at the bottom of the Lock Screen, and quickly access more controls in Control Center. Photo libraries are automatically organized in a new single view in Photos, and helpful new collections keep favorites easily accessible. Mail simplifies the inbox by sorting email into categories using on-device intelligence, and all-new text effects come to iMessage. Powered by the same groundbreaking technology as existing iPhone satellite capabilities, users can now communicate over satellite in the Messages app when a cellular or Wi-Fi connection isn't available." Craig Federighi, Apple's senior vice president of Software Engineering, said: "We are thrilled to introduce iOS 18. It is a huge release with incredible features, including new levels of customization and capability, a redesigned Photos app, and powerful ways to stay connected with Messages. There are so many benefits for everyone. This release also marks the beginning of a tremendously exciting new era of personal intelligence with Apple Intelligence delivering intuitive, powerful, and instantly useful experiences that will transform the iPhone experience, all with privacy at the core. We can't wait for users to experience it." The developer beta of iOS 18 is available through the Apple Developer Program starting today, and a public beta will be available through the Apple Beta Software Program next month at beta.apple.com. iOS 18 will be available this fall as a free software update for iPhone Xs and later. Apple Intelligence will be available in beta on iPhone 15 Pro, iPhone 15 Pro Max, and iPad and Mac with M1 and later, with Siri and device language set to U.S. English, as part of iOS 18, iPadOS 18, and macOS Sequoia this fall.
AAPL

Hot Stocks

14:49 EDT Apple previews iPadOS 18 for iPad - Apple previewed iPadOS 18, a major release that enhances the iPad experience. With iPadOS 18, Calculator comes to iPad with Math Notes, along with new handwriting tools in Notes - all designed for Apple Pencil. iPad users now have more ways to customize the Home Screen and Control Center, and with iPadOS 18, users receive the biggest redesign of the Photos app to date and new ways to express themselves in Messages. iPadOS 18 also introduces Apple Intelligence, the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context to deliver intelligence that's incredibly useful and relevant. A public beta will be available through the Apple Beta Software Program next month. New software features will be available this fall as a free software update for iPad Pro, iPad Pro 12.9-inch, iPad Pro 11-inch, iPad Air, iPad Air, iPad and iPad mini. Apple Intelligence will be available in beta on iPhone 15 Pro, iPhone 15 Pro Max, and iPad and Mac with M1 and later, with Siri and device language set to U.S. English, as part of iOS 18, iPadOS 18, and macOS Sequoia this fall.
AAPL

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14:47 EDT Apple previews watchOS 11 for Apple Watch - Apple previewed watchOS 11, with features for Apple Watch that "build on its leading sensor technology, advanced algorithms, and science-based approach to offer breakthrough insights into users' health and fitness, and more personalization than ever." The new Vitals app surfaces key health metrics and context to help users make more informed day-to-day decisions, and the ability to measure training load offers a game-changing new experience when working out for improved fitness and performance. Activity rings are even more customizable, the Smart Stack and Photos face use intelligence to feature more individualization, and Apple Watch and the Health app on iPhone and iPad offer additional support for users who are pregnant. Check In, the Translate app, and new capabilities for the double tap gesture come to Apple Watch for added connectivity and convenience. A public beta will be available to watchOS users next month. watchOS 11 will be available this fall as a free software update for Apple Watch Series 6 or later paired with iPhone Xs or later, running iOS 18. Some features may not be available in all regions or all languages, or on all devices.
AAPL

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14:46 EDT Apple unveils macOS Sequoia with new intelligence features - Apple previewed macOS Sequoia, the next version of its desktop operating system, bringing "entirely new ways of working and transformative intelligence features to Mac." "macOS Sequoia is full of exciting new capabilities, including iPhone Mirroring, which expands Continuity by enabling full access to and control of iPhone directly from macOS," Apple said. "Safari gets another big update with the new Highlights feature for effortless information discovery on webpages while browsing. The new Passwords app makes it even easier to access passwords and organize credentials all in one place. Gaming advances with a more immersive experience, as well as a breadth of new titles, including Assassin's Creed Shadows, Frostpunk 2, and more." The developer beta of macOS Sequoia is available through the Apple Developer Program at developer.apple.com starting today, and a public beta will be available through the Apple Beta Software Program next month at beta.apple.com. The release will be available as a free software update this fall. Apple Intelligence will be available in beta on iPhone 15 Pro, iPhone 15 Pro Max, and iPad and Mac with M1 and later, with Siri and device language set to U.S. English, as part of iOS 18, iPadOS 18, and macOS Sequoia this fall.
AAPL

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14:46 EDT Apple introduces 'Apple Intelligence' personal intelligence system - Apple introduced "Apple Intelligence," which it calls "the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context to deliver intelligence that's incredibly useful and relevant." Apple said: "Apple Intelligence is deeply integrated into iOS 18, iPadOS 18, and macOS Sequoia. It harnesses the power of Apple silicon to understand and create language and images, take action across apps, and draw from personal context to simplify and accelerate everyday tasks. With Private Cloud Compute, Apple sets a new standard for privacy in AI, with the ability to flex and scale computational capacity between on-device processing and larger, server-based models that run on dedicated Apple silicon servers." Tim Cook, Apple's CEO, added: "We're thrilled to introduce a new chapter in Apple innovation. Apple Intelligence will transform what users can do with our products - and what our products can do for our users. Our unique approach combines generative AI with a user's personal context to deliver truly helpful intelligence. And it can access that information in a completely private and secure way to help users do the things that matter most to them. This is AI as only Apple can deliver it, and we can't wait for users to experience what it can do." Powered by Apple Intelligence, Siri "becomes more deeply integrated into the system experience," Apple said. Apple stated: "With richer language-understanding capabilities, Siri is more natural, more contextually relevant, and more personal, with the ability to simplify and accelerate everyday tasks. It can follow along if users stumble over words and maintain context from one request to the next. Additionally, users can type to Siri, and switch between text and voice to communicate with Siri in whatever way feels right for the moment. Siri also has a brand-new design with an elegant glowing light that wraps around the edge of the screen when Siri is active."
AAPL

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14:45 EDT Apple says visionOS 2 brings new spatial computing features to Vision Pro - Apple previewed visionOS 2, a major update to Apple Vision Pro that introduces a "powerful way for users to create spatial photos with the images already in their library, intuitive hand gestures to easily access important information at a glance, and new features for Mac Virtual Display, Travel Mode, and Guest User." The company said that Vision Pro users can quickly and easily find their favorite spatial photos in the redesigned Photos app, manage information across all of their accounts with the new Passwords app, access new privacy tools in Safari, and experience new capabilities in popular apps, including Apple TV and Mindfulness. "Apple Vision Pro delivers revolutionary experiences for users and developers, and we're excited to advance spatial computing even further with visionOS 2 just months after its initial release," said Mike Rockwell, Apple's vice president of the Vision Products Group. "From navigating visionOS more seamlessly to pushing the boundaries of how users connect with memories, and enhancements to key Vision Pro apps, we can't wait for users to experience the range of new capabilities with visionOS 2. And with a robust set of tools that enable developers to create richer spatial apps, visionOS 2 makes Vision Pro even more powerful."
AAPL

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14:41 EDT Apple says Apple Intelligence to be available in English this summer
AAPL MSFT

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14:39 EDT Apple says ChatGPT integration coming to new OSes later this year
AAPL MSFT

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14:37 EDT Apple says ChatGPT coming to Siri - Apple (AAPL) said that ChatGPT, made by Microsoft-backed (MSFT) OpenAI, is coming to Siri.
AAPL

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14:36 EDT Apple says Apple Intelligence available for free with new OSes
ARQT

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14:32 EDT Arcutis announces new long-term data from study of roflumilast in AD - Arcutis Biotherapeutics announced new results from the INTEGUMENT-OLE long-term open-label study of investigational once-daily roflumilast cream 0.15% in adults and children ages 6 years and older with Atopic Dermatitis, or AD, presented at the Revolutionizing Alopecia Areata, Vitiligo, and Eczema Conference. In the study, roflumilast cream was well-tolerated, with no new safety signals observed over 56 weeks of treatment. Efficacy was not only maintained but improved over time, with 56.6% of participants who continued use of roflumilast cream from the initial trial and 53.8% of participants who switched to roflumilast cream 0.15% from vehicle after the initial trial achieving validated Investigator Global Assessment-Atopic Dermatitis success, defined as vIGA-AD value of 0 or 1 plus a 2-grade improvement from baseline, at Week 56, the company announced.
FDX

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14:26 EDT FedEx board increases quarterly dividend 10% - The board of directors of FedEx approved an increase in the annual dividend rate on FedEx Corp. common stock of 10%, or 48c per share, to $5.52 per share for fiscal 2025 "in line with the company's continued focus on delivering stockholder value. The board also declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock. The dividend is payable July 9 to stockholders of record at the close of business on June 24. "We remain committed to creating value for our stockholders. This dividend increase is an important component of our disciplined approach to capital allocation, which also includes share repurchases and prudently investing in our business," said John Dietrich, executive vice president and chief financial officer of FedEx Corp.
FDX

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14:25 EDT Correction: FedEx board increases quarterly dividend 10%
AAPL

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14:17 EDT Apple says AI helps Siri feel more 'natural, relevant, personal' to each user
FDX

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14:17 EDT FedEx board increases quarterly dividend 10% to 48c per share - The board of directors of FedEx approved an increase in the annual dividend rate on FedEx Corp. common stock of 10%, or 48c per share, to $5.52 per share for fiscal 2025 "in line with the company's continued focus on delivering stockholder value. The board also declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock. The dividend is payable July 9 to stockholders of record at the close of business on June 24. "We remain committed to creating value for our stockholders. This dividend increase is an important component of our disciplined approach to capital allocation, which also includes share repurchases and prudently investing in our business," said John Dietrich, executive vice president and chief financial officer of FedEx Corp.
AAPL

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14:13 EDT Apple says AI integrated through current devices and apps - Says most advanced Apple Silicon chips give company computational foundation to power Apple Intelligence.
AAPL

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14:12 EDT Apple says Apple Intelligence can carry out tasks on user's behalf - Says designing AI to help users "accomplish more while saving time." Says Apple Intelligence "grounded" in personal information and context.
AAPL

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14:10 EDT Apple says Apple Intelligence can help users prioritize notifications - Says new AI writing tools can write, summarize, and condense text. Says Apple Intelligence offers "host of capabilities" for images, including creating totally original images.
AAPL

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14:08 EDT Apple announces Apple Intelligence suite of AI features - Says Apple Intelligence places generative models at core of iPhone, iPad, and Mac products. Says Apple Intelligence draws on personal context to help users complete tasks and protect their privacy.
ETRN

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14:07 EDT Equitrans' Mountain Valley Pipeline asks for authority to begin service - In a letter addressed to Debbie-Anne A. Reese, Acting Secretary, Federal Energy Regulatory Commission, the Mountain Valley Pipeline stated: "On April 22, 2024, Mountain Valley Pipeline, LLC filed a request for authorization to place the Mountain Valley Pipeline Project facilities in service. Mountain Valley supplemented its request on May 21, 2024. Mountain Valley confirms that the Project facilities are mechanically complete... Mountain Valley requests that Commission Staff issue its authorization by June 11, 2024. Consistent with established Commission precedent, Mountain Valley has satisfied the restoration standard in Environmental Condition No. 10 of the Certificate Order to be granted authorization to place the Project facilities into service." Reference Link
AAPL

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14:05 EDT Apple says betas for all new OS products coming in July, full releases this Fall
AAPL UBSFY

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14:04 EDT Apple unveils Game Porting Toolkit 2, says new 'Assassin's Creed' coming to Mac - Apple (AAPL) says Toolkit 2 makes it even easier for game developers to bring games to Mac and bring Mac games to iPad and iPhone. Says "Frostpunk 2" coming to Mac next month. Says Ubisoft's (UBSFY) "Princeof Persia: The Lost Crown" and "Assassin's Creed Shadows" coming to Mac. Says new "Assassin's Creed" launching on Mac on November 15, 2024, the same day as PC and consoles.
AAPL

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14:03 EDT Apple unveils Game Porting Toolkit 2, says new 'Assassin's Creed' coming to Mac - Apple (AAPL) says Toolkit 2 makes it even easier for game developers to bring games to Mac and bring Mac games to iPad and iPhone. Says "Frostpunk 2" coming to Mac next month. Says Ubisoft's (UBSFY) "Prince of Persia: The Lost Crown" and "Assassin's Creed Shadows" coming to Mac. Says new "Assassin's Creed" launching on Mac on November 15, 2024, the same day as PC and consoles. Says "Assassin's Creed Shadows" also coming to iPad.
AAPL

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13:58 EDT Apple says new Safari browser comes with better security features
AAPL

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13:57 EDT Apple introduces Passwords app - Says Passwords app helps users access all their passwords across devices in a single place.
AAPL

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13:54 EDT Apple announces iPhone Mirroring on Mac - Says iPhone Mirroring helps Mac users see and use their iPhone on their Mac screen.
AAPL

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13:53 EDT Apple unveils macOS Sequoia - Says Sequoia comes with math notes and updated messages features. Says Sequoia introduces more new features, including Continuity, which helps users use better Apple products together.
AAPL

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13:51 EDT Apple unveils Smart Script for iPadOS - Says Smart Script helps make hand-written notes on iPad "smoother than ever," using machine learning tech to make handwriting better and more legible.
GSK

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13:50 EDT GSK 'welcomes' plaintiff's voluntary dismissal of Kasza Zantac case - GSK issued the following statement: "GSK plc welcomes the plaintiff's voluntary dismissal of the next Zantac case, or "Kasza," which was scheduled to start trial in Illinois state court on June 10, 2024. GSK did not settle Ms. Kasza's claim and has not paid anything in exchange for the voluntary dismissal. Following the 16 epidemiological studies looking at human data regarding the use of ranitidine, the scientific consensus is that there is no consistent or reliable evidence that ranitidine increases the risk of any cancer. GSK will continue to vigorously defend itself and manage this litigation in the best interests of the company and shareholders."
AAPL

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13:46 EDT Apple unveils iPadOS, comes with new features also on iOS - Says iPadOS makes it easier for users to browse documents. Says SharePlay now allows users to remotely control another user's iPad. Says calculator app now coming to iPadOS.
AAPL

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13:40 EDT Apple says Health app on watchOS to come with better pregnancy tracking features - Says users can customize heart rate notifications.
AAPL

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13:40 EDT Apple unveils new Vitals app for watchOS - Says health metrics to be highlighted when they are at atypical levels. Says Vitals app now takes into account alcohol consumption, elevation, and other factors.
AAPL

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13:38 EDT Apple announces software updates across Home products - Apple announced software updates across its Home products that it says "supercharge entertainment and deliver greater everyday convenience." Apple added: "With tvOS 18, intelligent new features like InSight - and updates to Enhance Dialogue and subtitles - level up cinematic experiences, while new Apple Fitness+, Apple Music, and FaceTime capabilities get even better on users' biggest screen. The Home app gains new features with iOS 18, like guest access and hands-free unlock with home keys, delivering effortless and secure access to the home. tvOS 18 and iOS 18 are available as developer betas today, and will be available as free software updates this fall."
AAPL

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13:38 EDT Apple unveils watchOS 11, comes with new Training Mode - Says Training Mode measures how intensity, duration of exercise affects your body over time. Says users can now rate workout efforts.
AAPL

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13:35 EDT Apple says Enhance Dialogue coming to more living room devices - Says tvOS now supports 21:9 presentation for projectors.
AAPL...

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13:34 EDT Apple says Personalized Spatial Audio coming to Gaming - Apple (AAPL) says "Need for Speed Mobile" to be one of the first games with Personalized Spatialized Audio coming this fall. The game is made by Electronic Arts (EA) and Tencent (TCEHY).
AAPL

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13:32 EDT Apple says Voice Isolation coming to AirPods Pro - Says Voice Isolation removes background noise around users to deliver "the best call quality." Says users can nod yes or shake no to interact with Siri while using AirPods.
STT

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13:32 EDT State Street says Q2 revenue outlook 'broadly in line' with prior expectations - Speaking at the Morgan Stanley U.S. Financials, Payments and CRE Conference, executives from State Street stated: "So maybe it's a good time just to do the breadth of guidance and I'll cover NII as part of that because I think it you know, it factors in a way that that'll make sense. I think as we said, our expectations are broadly in line with where we were in April in terms of guidance, although there are always some moving parts. And let me go through them for context at a macro level. Daily average global equity markets remain strong and at this point in the quarter are roughly at our expectations. Back from April, remember, they were up they were down there about and they're back up. And so we're roughly in that zone. At the same time FX volatility and spreads are somewhat more muted than what we had previously expected. And specials activity and securities lending continues to be light. And at the same time, client volumes are generally a bit higher as we've seen, you know, some of that client confidence that I described. And then while the Fed continues to hold rate steady, we have seen a reduction in the pace of quantitative tightening. So that's been, you know, beneficial in deposits but you know a slightly so and just last week we saw the ECB as I was about they start to cut but I think I'll say cut once because that may be all she all they wrote for a bit so anyway a fair amount of dynamic activity a fair amount of movement given these factors we now expect 2Q fee revenues to be more like about 1% quarter-on-quarter, which is slightly below our prior outlook of up 1.5% to 2% sequentially primarily reflected the muted FX volatility and muted equity specials activities and levels that I mentioned just a moment ago. However, they should generally be offset by our 2Q NII coming in towards the better end of our range of down 2% to 5% quarter-on-quarter as the deposit levels that I just mentioned have been relatively healthy quarter to date and more in line with first quarter. So taken together, our revenue outlook is broadly in line with our prior expectations. Expenses are expected to come in within our previous range of up 2% to 2.5% sequentially, perhaps towards the higher end, but generally in line still early to be sure, we're got one more month to print."
GSAT AAPL

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13:29 EDT Globalstar up 1% as Apple announces satellite texting for iMessage at event - Shares of Globalstar are up 1c, or 1%, to $1.10 in afternoon trading.
AAPL

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13:27 EDT Apple says Game Mode coming to iPhone - Says Game Mode minimizes background activities for video games to maximize frame rates and increase wireless responses for controllers and AirPods.
AAPL

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13:26 EDT Apple announces new Wallet features Tap to Cash and Pay online
AAPL

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13:25 EDT Apple announces satellite texting for iMessage, SMS - Says Messages via Satellite will be supported on iPhone 14 and later.
AAPL

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13:23 EDT Apple says Apple Vision Pro coming to China, Japan, Singapore June 28 - Says visionOS 2 adding train support for travel mode on Vision Pro. Says visionOS2 makes it easier for developers to build apps for Vision Pro. Says Apple Immersive Pro getting new partners, including BlackMagic Design and Red Bull. Says Vision pro coming to Australia, Canada, France, Germany, and U.K. on July 12.
AAPL

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13:19 EDT Apple Vision Pro arrives in new countries and regions beginning June 28 - Apple announced Apple Vision Pro will expand to new countries and regions, with pre-orders for China mainland, Hong Kong, Japan, and Singapore beginning on Thursday, June 13, at 6 p.m. PT and availability beginning Friday, June 28. Customers in Australia, Canada, France, Germany, and the United Kingdom can pre-order Vision Pro beginning Friday, June 28, at 5 a.m. PT, with availability beginning Friday, July 12, Apple said. "Vision Pro seamlessly blends digital content with the physical world to deliver powerful spatial experiences that transform the way people work, collaborate, connect, relive memories, enjoy entertainment, and much more," Apple said in a statement. "The enthusiasm for Apple Vision Pro has been extraordinary, and we are thrilled to introduce the magic of spatial computing to more customers around the world," said Tim Cook, Apple's CEO.
AAPL

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13:18 EDT Apple says iOS 18 to come with more customization features - Says iOS 18 users can organize app icons on home screen any way they like. Says updated control center allows developers to add app-specific features to control center.
AAPL

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13:15 EDT Apple Vision Pro arrives in new countries, revions beginning June 28 - Apple announced Apple Vision Pro will expand to new countries and regions, with pre-orders for China mainland, Hong Kong, Japan, and Singapore beginning on Thursday, June 13, at 6 p.m. PT and availability beginning Friday, June 28. Customers in Australia, Canada, France, Germany, and the United Kingdom can pre-order Vision Pro beginning Friday, June 28, at 5 a.m. PT, with availability beginning Friday, July 12, Apple said. "Vision Pro seamlessly blends digital content with the physical world to deliver powerful spatial experiences that transform the way people work, collaborate, connect, relive memories, enjoy entertainment, and much more," Apple said in a statement. "The enthusiasm for Apple Vision Pro has been extraordinary, and we are thrilled to introduce the magic of spatial computing to more customers around the world," said Tim Cook, Apple's CEO.
AAPL

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13:15 EDT Apple says Apple Vision Pro cocming to China, Japan, Singapore June 28 - Says visionOS 2 adding train support for travel mode on Vision Pro. Says visionOS2 makes it easier for developers to build apps for Vision Pro. Says Apple Immersive Pro getting new partners, including BlackMagic Design and Red Bull. Says Vision pro coming to Australia, Canada, France, Germany, and U.K. on July 12.
AAPL

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13:09 EDT Apple announces visionOS 2 for Apple Vision Pro - Says over 2,000 apps have been created for Apple Vision Pro. Says there are 1.5M iPhone and iPad apps compatible with Vision Pro. Says visionOS2 lets users spatialize photos form regular photos with advanced machine learning. Comments taken from Apple's Keynote Presentation at its Worldwide Developers Conference.
SMHI

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12:05 EDT Seacor Marine rises 13.9% - Seacor Marine is up 13.9%, or $1.65 to $13.48.
GCTS

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12:05 EDT GCT Semiconductor rises 15.8% - GCT Semiconductor is up 15.8%, or 48c to $3.52.
TPL

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12:03 EDT Texas Pacific Land rises 23.4% - Texas Pacific Land is up 23.4%, or $136.40 to $718.47.
MMI

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12:02 EDT Marcus & Millichap names Jan Coonley as Chief People Officer - Marcus & Millichap announced the hiring of Chief People Officer Jan Coonley. Coonley, who will be responsible for overseeing all aspects of the company's human resources activities, including systems, employee engagement, performance enhancement, talent retention and acquisition, skills and leadership development, and diversity, equity and inclusion, served as a strategic and advisory partner at Heritage Bank of Commerce prior to joining Marcus & Millichap, the company noted.
HOUS

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12:02 EDT Anywhere Real Estate falls -10.6% - Anywhere Real Estate is down -10.6%, or -41c to $3.42.
MEI

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12:01 EDT Methode Electronics falls -11.0% - Methode Electronics is down -11.0%, or -$1.24 to $10.08.
GME

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12:00 EDT GameStop falls -11.8% - GameStop is down -11.8%, or -$3.33 to $24.89.
CFG

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11:51 EDT Citizens Financial says interest-bearing deposit costs 'may have peaked' in Q1 - Speaking at the Morgan Stanley U.S. Financials, Payments and CRE Conference, executives from Citizens Financial stated: "We've had eight quarters in a row at Citizens of interest-bearing deposit costs rising. We think that may have peaked in the first quarter in terms of interest-bearing deposit costs. I mean, I suspect that in the second quarter you'll see deposit costs be flat to down, which is a real, you know, turning point. And frankly, you know, and we're -- and is an underpinning of our net interest margin tailwinds that we're being able to deliver on. And so when you think about the full year for NII, you know, maybe, as I said, maybe a little lighter on loans. But -- but net interest margin, if I extend that out to the end, we did say that we would exit the year at around 285. Just based upon all of these things I've been talking about and the trends we're seeing right now, we think that that probably comes on a little better than that in terms of the exit NIM."
PFE

Hot Stocks

11:51 EDT Pfizer 'very confident we will make our numbers' - Pfizer previously provided FY24 adjusted EPS guidance of $2.15-$2.35 and revenue guidance of $58.5B-$61.5B. Comments taken from the Goldman Sachs Annual Global Healthcare Conference.
ME

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11:48 EDT U.K., Canada privacy watchdogs launch probe into 23andMe data breach - The U.K.'s Information Commissioner's Office and the Office of the Privacy Commissioner of Canada have launched a joint investigation into the data breach that happened in October 2023 at the global direct-to-consumer genetic testing company 23andMe. UK Information Commissioner John Edwards and Privacy Commissioner of Canada Philippe Dufresne will investigate the 23andMe breach jointly, leveraging the combined resources and expertise of their two offices. "People need to trust that any organisation handling their most sensitive personal information has the appropriate security and safeguards in place," said U.K. Information Commissioner John Edwards. "This data breach had an international impact, and we look forward to collaborating with our Canadian counterparts to ensure the personal information of people in the UK is protected." Reference Link
ELBM

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11:48 EDT Electra Battery Materials receives $5M from Government of Canada - Electra Battery Materials has received $5M in contribution funding from Natural Resources Canada to support the development of its proprietary battery materials recycling technology. In 2023, the Company successfully operated a battery materials recycling demonstration plant in a batch process at its refinery complex, processing more than 40 tonnes of end-of-life battery scrap, known as "black mass," and producing high-quality nickel, cobalt and lithium products. Electra is accelerating the next phase of its recycling project to demonstrate on a continuous basis that the Company's hydrometallurgical black mass process is scalable, profitable, and can be implemented at other locations. The Government of Canada, through National Resources Canada's Critical Minerals Research, Development and Demonstration program, has committed funding of $5M for this project, which will be based at the Company's fully permitted property about five hours north of Toronto, Ontario, in Temiskaming Shores. Recycling and recovery of these critical metals would reduce greenhouse gas emissions in the EV supply chain and decrease reliance on foreign countries for critical minerals.
HTBI

Hot Stocks

11:45 EDT HomeTrust appoints Charles Sivley as CTO - HomeTrust Bancshares announced that Charles "Chuck" Sivley assumed the position of Chief Technology Officer. Sivley will have primary responsibility for developing the technical direction and strategy of the Bank, ensuring the reliability, performance, and scalability of the Bank's technology infrastructure. He will serve as a member of the Executive Operating Committee and report directly to C. Hunter Westbrook, President & CEO. Sivley is replacing Chief Information Officer Marty Caywood who is leaving the Company and the Bank later this year after 29 years of service. Prior to joining HTB, Sivley served as CIO at American National Bank, Highlands Union Bank, and First State Bank of the Southeast
DJT

Hot Stocks

11:12 EDT Trump Media announces filing of amended S-1 with SEC - Trump Media & Technology Group - operator of the Truth Social platform - announced it has filed an amended registration statement on Form S-1 with the U.S. Securities and Exchange Commission to register, for resale or initial issuance, certain shares of common stock and warrants of the company following the consummation of the company's business combination with Digital World Acquisition Corp. on March 25. "The Amended Registration Statement amends the registration statement filed on April 15, 2024; the number of shares of common stock that TMTG seeks to register is unchanged. Today's filing follows and incorporates a re-audit of the Company's financial statements for the years ended December 31, 2023, and December 31, 2022, conducted by the Company's independent auditor, Semple, Marchal & Cooper LLP, or 'SMC,' in accordance with Public Company Accounting Oversight Board standards. As part of the Amended Registration Statement, all securities being registered are either held by or underlie securities held by existing security holders of TMTG. TMTG will not receive any proceeds from the sale or resale of securities by the selling security holders pursuant to this Amended Registration Statement, except in connection with any possible future exercise for cash of any outstanding warrants. The listing of an individual as a 'selling securityholder' in the Amended Registration Statement does not mean such individual or entity will sell their shares or is planning to sell their shares. Notwithstanding registration of securities on the Amended Registration Statement, TMTG's directors and officers, its affiliate President Donald J. Trump and certain other securityholders will remain subject to a lockup period or otherwise restricted from selling any shares at this time. The Amended Registration Statement relating to these securities has been filed with the SEC but has not yet been declared effective. These securities registered may not be sold nor may offers to buy be accepted until the Amended Registration Statement becomes effective. The Amended Registration Statement is subject to further amendment and completion," the company stated.
DHAC

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10:55 EDT Digital Health Acquisition Corp trading resumes
DHAC

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10:50 EDT Digital Health Acquisition Corp trading halted, volatility trading pause
BVN

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10:48 EDT Buenaventura announces resumption of ore processing operations at El Brocal - Compania de Minas Buenaventura announced that ore treatment operations at its El Brocal processing plant has resumed. Ore treatment activities resumed operations at midnight on June 7, 2024 to begin processing the accumulated inventory at the mine site. El Brocal has accumulated approximately 220,000 tonnes of copper ore to date, the processing of which will gradually ramp to a rate of 15,000 tons per day, enabling recovery of ore processing which was halted during the suspension. The Company expects to achieve the budgeted production in 3Q24 to achieve its full year 2024 production guidance. Huaraucaca community leaders signed an agreement with El Brocal representatives to end the prior blockade and related suspension of ore treatment at the Company's processing facilities. A formal dialogue between Community leaders and Buenaventura, facilitated by officials from Peru's Ministry of Energy and Mines have reviewed and addressed overall compliance with commitments between both parties. Further, Buenaventura reaffirms its commitment and compliance with all signed agreements with communities surrounding its operations.
DTE

Hot Stocks

10:31 EDT DTE to build energy storage center at site of retired Trenton Channel plant - DTE Energy will convert a portion of its retired Trenton Channel coal power plant site to house a 220-megawatt battery energy storage center. When complete in 2026, the energy storage center is expected to be the largest standalone battery energy storage project in the Great Lakes region. The center will have the capacity to store 220 megawatts of electricity, enough to power nearly 40,000 homes.
RTC

Hot Stocks

10:26 EDT Baijiayun Group Ltd trading resumes
HUDA

Hot Stocks

10:25 EDT Hudson Acquisition I Corp trading resumes
PL NVDA

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10:22 EDT Planet Labs announces real-time insights technology using Nvidia Jetson platform - Planet Labs (PL) announced it is collaborating with Nvidia (NVDA) on its onboard processing capabilities for its high-resolution Pelican-2 satellite. Through this collaboration, Planet says it will leverage the Nvidia Jetson edge AI platform for its next-generation high-resolution mission and fly the technology on its Pelican-2 satellite set to launch later this year. Nvidia GPU accelerated computing will power intelligent imaging and faster insights for customers. Leveraging recent advances in artificial intelligence, Planet expects this collaboration to support shorter time to value for customers across government and commercial markets. "Robust datasets are what power AI, and Planet is fully embracing the latest advancements happening in this AI revolution, from enhancing our satellite technology to pulling insights from our imagery data at rapid speeds," said Kiruthika Devaraj, VP of Avionics and Spacecraft at Planet. "This collaboration is about getting answers from orbit to our customers in near real-time. The suite of solutions that Planet can generate for our customers with our high-resolution optical sensor on Pelican is enhanced by NVIDIA Jetson and real-time connectivity. With the latest technology demonstrations launching on Pelican-2, our customers and partners will be able to access, process, and download imagery as well as real-time insights at a rapid pace and on low- and high-bandwidth connectivity based on their unique constraints."
RTC

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10:21 EDT Baijiayun Group Ltd trading halted, volatility trading pause
HUDA

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10:15 EDT Hudson Acquisition I Corp trading halted, volatility trading pause
MSC

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10:05 EDT Studio City falls -8.7% - Studio City is down -8.7%, or -66c to $6.90.
CLDT

Hot Stocks

10:05 EDT Chatham Lodging falls -10.6% - Chatham Lodging is down -10.6%, or -91c to $7.66.
MEI

Hot Stocks

10:04 EDT Methode Electronics falls -17.8% - Methode Electronics is down -17.8%, or -$2.01 to $9.31.
TDW

Hot Stocks

10:03 EDT Tidewater rises 12.1% - Tidewater is up 12.1%, or $11.30 to $104.78.
RCI...

Hot Stocks

10:03 EDT Rogers announces 'blockbuster' deals with NBCUniversal, Warner Bros. Discovery - Rogers Communications (RCI) announced "blockbuster" multi-year deals with Comcast's (CMCSA) NBCUniversal and Warner Bros. Discovery (WBD) to bringlifestyle and entertainment content to Canadians on their platform of choice. "Starting September 2024, the company is launching NBCUniversal's Bravo channel in Canada and will become the English-language television content rights holder in Canada, featuring the best of unscripted programming, which will include new seasons of Bravo's hit franchise series. Starting January 2025, Rogers will be the home of Warner Bros. Discovery's suite of English-language U.S. lifestyle and factual brands, including HGTV, The Food Network, and much more," the company stated.
FLS

Hot Stocks

10:02 EDT Flowserve, Heide Refinery partner for Energy Advantage Program - Flowserve Corporation and Heide Refinery announced they will partner to incorporate Flowserve's Energy Advantage Program to accelerate Heide Refinery's momentum in energy efficiency. Flowserve's Energy Advantage Program leverages a data-driven engineering evaluation process that promotes energy efficiency through optimization of pump and valve power consumption - with little to no disruption to a customer's existing processes. This holistic flow control approach helps customers like Heide reach their carbon reduction goals and lower total cost of ownership.
WHD

Hot Stocks

10:01 EDT Cactus rises 13.0% - Cactus is up 13.0%, or $6.08 to $52.90.
TPL

Hot Stocks

10:00 EDT Texas Pacific Land rises 17.6% - Texas Pacific Land is up 17.6%, or $102.70 to $684.77.
CLDT

Hot Stocks

09:54 EDT Chatham Lodging falls -8.8% - Chatham Lodging is down -8.8%, or -75c to $7.82.
XPER

Hot Stocks

09:52 EDT Xperi falls -9.1% - Xperi is down -9.1%, or -74c to $7.49.
ASLE

Hot Stocks

09:51 EDT AerSale opens new location in Millington, Tennessee - AerSale announces the opening of its newest location in Millington, Tennessee, with its first aircraft induction. Founded in 1917 the Millington-Memphis Airport is one of the oldest airports in the United States and has a long legacy of training military aviation personnel dating back to World War I. The airport hosts one of the longest runways in Tennessee and is conveniently located near AerSale's 320,000 sq. ft. parts distribution facility in Memphis, TN. This newest location has been renovated to support AerSale's customers. The upgrades to the facility include improvements throughout the space, as well as the addition of state-of-the-art equipment, a new parts paint booth and office space. The 112,000 sq. ft. complex will cater to narrow-body maintenance, modifications, and heavy MRO activities, as well as aircraft storage and disassembly - augmenting AerSale's already robust MRO operations in both Goodyear, AZ and Roswell, NM. Furthermore, the facility will offer MRO services for structural components and other aircraft parts
MEI

Hot Stocks

09:50 EDT Methode Electronics falls -17.5% - Methode Electronics is down -17.5%, or -$1.98 to $9.34.
DO

Hot Stocks

09:48 EDT Diamond Offshore rises 9.4% - Diamond Offshore is up 9.4%, or $1.31 to $15.24.
TPL

Hot Stocks

09:47 EDT Texas Pacific Land rises 9.7% - Texas Pacific Land is up 9.7%, or $56.33 to $638.40.
WHD

Hot Stocks

09:47 EDT Cactus rises 10.3% - Cactus is up 10.3%, or $4.82 to $51.64.
FMX

Hot Stocks

09:46 EDT Femsa announces new $600M accelerated share repurchase transaction - Femsa announces that it has entered into a new derivative instrument in the form of an accelerated share repurchase transaction to repurchase the company's American Depositary Shares. Under the terms of this new ASR, FEMSA has agreed to repurchase up to $600M of its ADSs. The total number of ADSs ultimately repurchased under this ASR will be based on the daily volume-weighted average price of the Company's ADSs during the term of the ASR and subject to certain limitations. The final settlement of the ASR is expected to be completed, at the latest, in the fourth quarter of 2024. Additionally, the company announces the completion of the ASR announced in March 2024, which final delivery of the shares repurchased thereunder was on May 28, 2024. The company repurchased a total of approximately 3.2M ADSs at an average price of $123.27 per ADS, for a total amount of $400M.
BSGM

Hot Stocks

09:46 EDT BioSig Technologies appoints Ferdinand Groenewald to interim CFO - BioSig Technologies announced the appointment of Mr. Ferdinand Groenewald to the position of interim CFO. He currently serves as Vice President, Finance at Alaunos Therapeutics.
LPA

Hot Stocks

09:44 EDT Logistic Properties of The Americas trading resumes
LPA

Hot Stocks

09:39 EDT Logistic Properties of The Americas trading halted, volatility trading pause
LUV

Hot Stocks

09:38 EDT Elliott confirms $1.9B Southwest stake, thinks shares can hit $49 - Elliott Investment Management confirmed it has an investment of $1.9B in Southwest Airlines and said it sent a letter today to the company's board. "The letter substantiates Elliott's view that Southwest's poor execution and leadership's stubborn unwillingness to evolve the Company's strategy have led to deeply disappointing results for shareholders, employees and customers alike. Southwest's rigid commitment to a decades-old approach has inhibited its ability to compete in the modern airline industry, Elliott said, and this ethos pervades the entire business with outdated software, a dated monetization strategy and antiquated operational processes. Elliott's letter asserts that the Company's failure to modernize is underscored by Southwest's December 2022 operational meltdown, which stranded more than two million travelers over the holidays...By executing on the Stronger Southwest plan, Elliott believes the Company can return to its rightful position as an industry leader, including generating best-in-class margins and compelling returns for its shareholders. In doing so, Elliott argues that Southwest's stock can achieve $49 per share within 12 months, representing a highly attractive 77% return during the period," the fund said in a release. Southwest shares in early trading are up 7% to $29.74.
KSCP

Hot Stocks

09:36 EDT Knightscope awarded contract from Ivy League school - Knightscope announces a new contract from an Ivy League school for a custom K1 Blue Light Tower. This purchase is part of the university's initial evaluation that is expected to lead to a larger rollout across campus in the near future.
SWVL

Hot Stocks

09:35 EDT SWVL Holdings Corp trading resumes
VUZI

Hot Stocks

09:32 EDT Vuzix announces smart glasses reorders from Xander - Vuzix announced that Xander has placed multiple follow-up orders for Vuzix Shield smart glasses as it increases customer shipments of its XanderGlasses, a smart glasses solution that utilizes Xander's embedded software that displays real-time captions of in-person conversations to help people with hearing loss.
SWVL

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09:30 EDT SWVL Holdings Corp trading halted, volatility trading pause
IGC

Hot Stocks

09:23 EDT IGC Pharma publishes study of CYP2C9 PK of delta 9 THC - IGC Pharm announced the publication of a significant research article in the European Society of Medicine Journal. The study investigates the effects of CYP2C9 polymorphisms on the pharmacokinetics or PK of delta-9-tetrahydrocannabinol THC and its active metabolite in Alzheimer's disease or AD patients. The publication is titled "A study on CYP2C9 polymorphism in Puerto Rican Alzheimer's Patients and its role in the Pharmacokinetics of ?-9-tetrahydrocannabinol" and is available at The article highlights the importance of understanding genetic variations in CYP2C9, an enzyme crucial for drug metabolism, and its impact on the efficacy and safety of treatments involving THC. IGC Pharma's leading drug candidate IGC-AD1 was tested in a Phase 1 multiple ascending dose trial with a Puerto Rican population. The study examined the effect of CYP2C9 polymorphisms on THC metabolism in AD patients. Key findings revealed significant variations in THC and OH-THC half-life among different CYP2C9 phenotypes, suggesting the need for personalized dosing strategies in AD patients. Ram Mukunda, CEO of IGC Pharma, commented, "We are very pleased to announce the publication in the prestigious European Society of Medicine journal. This publication is a testament to our dedication to pioneering research in Alzheimer's disease. Understanding the genetic factors influencing drug metabolism is critical for developing safe and effective treatments. We are proud to contribute to the scientific community with this important study, reinforcing our commitment to enhancing patient care and delivering shareholder value through scientific innovation."
LBPH

Hot Stocks

09:14 EDT Longboard announces interim results from OLE of bexicaserin study for DEEs - Longboard Pharmaceuticals announced positive interim results from its ongoing 52-week open-label extension of the PACIFIC Study evaluating bexicaserin LP352 in participants ages 12-65 years old with Developmental and Epileptic Encephalopathies. "We are thrilled to see a sustained, durable response in seizure reduction and a favorable safety and tolerability profile across a broad range of DEE patients. Additionally, we saw compelling seizure reduction in the PACIFIC placebo patients who transitioned to bexicaserin in the OLE. These data provide further support to bexicaserin's potential to offer a highly differentiated and best-in-class profile," stated Dr. Randall Kaye, Longboard's Chief Medical Officer. "Given the tremendous unmet need in patients living with DEEs, we are committed to rapidly advancing the development of bexicaserin. We expect to provide additional analyses of these participants as they progress in the OLE Study and transition to our Expanded Access Program," Dr. Kaye continued. "With an End of Phase 2 meeting scheduled this summer, we remain on track to initiate our global Phase 3 program for bexicaserin later this year."
KDLY CURLF

Hot Stocks

09:10 EDT KindlyMD, Curaleaf collaborate to expand patient education on medical cannabis - KindlyMD (KDLY) announced a strategic collaboration with Curaleaf Holdings (CURLF). Under the terms of the collaboration, KindlyMD and Curaleaf will work together to provide educational resources and information with a community perspective on holistic pain management and treatment. KindlyMD providers will introduce the KindlyMD Complete Care program, which will afford patients in Utah County and its surrounding areas the option to more easily access the medical cannabis care options offered by Curaleaf pharmacists.
LMFA

Hot Stocks

09:09 EDT LM Funding mines 14 Bitcoin in May - Bruce Rodgers, Chairman and CEO of LM Funding, stated, "Our mining operations continue to deliver solid results. Moreover, the recently announced hosting agreement with Arthur Mining for our S19J Pros allows us to continue mining these older machines and provides us cost effective hosting capacity to scale our growth. We are leveraging our capital to obtain some of the benefits of infrastructure investment. We are eager to utilize Arthur Mining's extensive hosting expertise and infrastructure to drive even faster growth."
ACN

Hot Stocks

09:09 EDT TSA awards Accenture blanket purchase deal with $170M ceiling value - Accenture Federal Services has been awarded a Transportation Security Administration TSA Security Operations SO Flexible Agile Scalable Teams FAST Blanket Purchase Agreement with a ceiling value of $170M . TSA SO is responsible for security of the nation's transportation systems to ensure freedom of movement for people and commerce, including checkpoint and baggage screening at approximately 440 airports in the U.S. and oversight of more than 280 airports globally. TSA SO is also responsible for ensuring all modes of transportation, including freight railroad, passenger rail, mass transit, maritime, and pipelines comply with domestic and global regulatory requirements.
TOMZ

Hot Stocks

09:07 EDT Tomi Environmental Solutions secures two new purchase agreements - TOMI Environmental Solutions announces two recent sales in the Life Sciences sector, underscoring the Company's successful strategic expansion in the sector and growth potential. The first purchase agreement, signed with one of the largest private pharmaceutical companies in the world, includes the acquisition of a SteraMist Environment System and TOMI validation services for the client's vivarium facility in Mexico. The second purchase agreement arises from the Company's collaboration with a trusted partner with decades of experience in big pharma. This partnership facilitated the sale of the first Hybrid System to Indigo Pharmaceutical, Inc. as announced in September 2023. Continuing this momentum, the partner has now successfully sold another SteraMist Hybrid System to BeSpoke Pharmaceuticals, a Nevada-based manufacturer targeting 503B products.
MKSI

Hot Stocks

09:07 EDT MKS Instruments to build Super Center factory in Malaysia - MKS Instruments is set to build a Super Center factory in Penang, Malaysia to support wafer fabrication equipment production in the region and globally. The development plan is to construct the new facility in three phases, with groundbreaking expected to commence in early 2025.
BNRG

Hot Stocks

09:06 EDT Brenmiller Energy begins construction at Tempo Beverage manufacturing plant - Brenmiller Energy announced that it has moved into the construction phase of development at Tempo Beverages beverage production plant in Netanya, Israel, with plans to begin on-site assembly by the end of September. Brenmiller is replacing Tempo's fossil fuel boilers with a 32 MWh bGen TES system and will deliver sustainable process heat through an Energy as a Service, or EaaS, model. Tempo is partially owned by Heineken International B.V. and is one of Israel's largest producers and distributors of beverages for brands including Heineken and Pepsi. The system is being configured to meet the beverage manufacturer's precise operational needs and the final system design is expected to be completed by the end of July. Brenmiller has started procuring the necessary components to manufacture Tempo's bGen system and all system manufacturing will be completed at Brenmiller's TES gigafactory in Dimona, Israel. System assembly is expected to be completed by the end of 2024 and commissioned in May 2025. Approximately 15% of Brenmiller's $500M-plus project pipeline is with food and beverage manufacturers, representing its largest industry vertical by project count. The company's Dimona gigafactory has the production capacity to support potential sales of up to $200M.
RMD

Hot Stocks

09:06 EDT ResMed announces PAP therapy reduces hospitalizations by 31%, ER visits by 23% - In collaboration with leading medical researchers from around the world, ResMed presented 13 new clinical studies at SLEEP 2024, the annual joint meeting of the American Academy of Sleep Medicine and the Sleep Research Society. Held in Houston, the event brought together scientific and medical experts focused on sleep health. "The real-world evidence used in our clinical research continues to demonstrate the effectiveness of PAP therapy for treating OSA," said Carlos Nunez, MD, ResMed's Chief Medical Officer. "The studies presented at SLEEP 2024 expand our understanding of patients with sleep disorders by examining critical areas such as the effect of demographic factors like gender on sleep health. The body of knowledge we have created and are continually expanding with research partners who are highly respected in their fields helps ResMed and the medical community achieve the goal of helping people live their healthiest lives."
MSGM

Hot Stocks

09:06 EDT Motorsport Games releases update to Le Mans Ultimate - Motorsport Games is releasing a major update to Le Mans Ultimate, the official game of the FIA World Endurance Championship and 24 Hours of Le Mans. This June update introduces significant new features and new content to enhance the player experience. The update includes the introduction of new gameplay features requested by the community such as a Radar to help players with situational awareness in close-quarter situations. Also added to the title is a Replay Suite, that allows players to review and analyze their race performance has also been added. Race starts have also been improved and designed to provide a more controlled and engaging procedure in offline and online races. Furthermore, Driver Labels have been added to assist users in knowing the cars around them in all game modes. Perhaps less visible, but there under the hood, is a new version of the online "netcode". This forms a foundation on which is expected to deliver support for the next generation esports and community led massively multiplayer experience planned for the game. A key highlight of the update is the addition of the BMW M Hybrid V8 LMDh, the first free item of DLC, which celebrates BMW's 25th anniversary of its first outright win at Le Mans. This update features the striking BMW Art Car livery designed by renowned artist Julie Mehretu. This livery marks the 20th addition to the legendary BMW Art Car collection and makes its virtual debut in Le Mans Ultimate before the real car races in the 24 Hours of Le Mans. Additionally, an array of new 2024 Hypercar liveries for existing cars will be available free of charge, offering more customization options for players.
MU

Hot Stocks

09:05 EDT Micron partners with Clarity Credit Union to boost access to capital - Micron Technology announced a $4M deposit with Clarity Credit Union, a certified Community Development Financial Institution, CDFI, in Idaho. With this deposit, Micron has reached its commitment established with the Economic Opportunity Coalition, EOC, to place $20M with CDFIs. Today's announced deposit will help Clarity Credit Union offer products, services and financial literacy education to members in the state's rural areas who may lack access to conventional financial services. To reach its EOC commitment, over the last year Micron deposited $10M with Carver Federal Savings Bank, $3M with Syracuse Cooperative Federal and $3M with Locus.
ALGT

Hot Stocks

09:05 EDT Allegiant Travel Chief Information Officer Robert Wilson III to retire July 1 - Allegiant Travel Company announced Robert Wilson III will retire as the company's chief information officer effective July 1. A search for his successor is currently underway.
LPLA

Hot Stocks

09:05 EDT LPL Financial: Lifetime Legacy joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor David Hilbig has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported serving approximately $275 million in advisory, brokerage and retirement plan assets and joins LPL from Corebridge Financial, formerly Valic, a subsidiary of AIG. Hilbig, who lives in The Woodlands, Texas area and maintains a registered office in Mundelein, Ill., has more than 20 years of experience crafting personalized financial strategies tailored to each client's unique needs and aspirations. He takes a holistic approach to financial planning, encompassing areas such as wealth management, retirement planning, investment advisory and risk management. By carefully assessing a client's financial situation and priorities, he strives to provide comprehensive solutions that align with their short-term objectives and long-term visions.
STX

Hot Stocks

09:04 EDT Seagate appoints Jim Lee as chief legal officer - Seagate announced the appointment of Jim Lee as senior vice president, chief legal officer, and corporate secretary. Lee spent the past five years serving as senior vice president, general counsel, and corporate secretary at Maxar Technologies.
MOVE

Hot Stocks

09:04 EDT Movano, MIT partner on MAESTRO study - In a strategic move that could reshape the understanding of long COVID and chronic Lyme disease, the Massachusetts Institute of Technology has forged a partnership with Movano Health for its MAESTRO study to harness the medical grade continuous health monitoring capabilities of Movano's Evie Ring. The MAESTRO study, a comprehensive study using the latest advancements in medical research, will recruit 300 adults aged 18-35 across four distinct cohorts: those with acute Lyme disease, chronic Lyme disease, long COVID, and a control group. With an estimated 40 million Americans grappling with the debilitating effects of long COVID, and over 600,000 new cases per year of Lyme disease, 10-15% of which will manifest as chronic Lyme, the long-term health impacts of these conditions are still shrouded in mystery. This study holds the promise of unlocking vital answers.
TSNDF

Hot Stocks

09:04 EDT TerrAscend announces opening of The Apothecarium Nottingham - TerrAscend announced the opening of The Apothecarium Nottingham, the Company's fourth retail location in Maryland and 39th dispensary nationwide. Located at 8241 Perry Hall Blvd, Nottingham, MD 21236, the dispensary replaces The Apothecarium Parkville and is now open for patients and adult-use consumers. Conveniently located near I-95 across from the White Marsh Mall, The Apothecarium Nottingham is a sophisticated retail venue featuring a convenient drive-thru and expanded floor space. It offers our wide selection of high-quality cannabis products and brands designed to meet the diverse needs of customers across Baltimore County and beyond, including Kind Tree, Legend, Cookies, Wana, Valhalla, and GAGE Cannabis.
ADV

Hot Stocks

09:03 EDT Advantage Solutions sells Strong Analytics to OneSix, terms not disclosed - Advantage Solutions has sold Strong Analytics, a designer and developer of custom software solutions, to OneSix. Terms of the sale, which closed June 7, were not disclosed. Strong Analytics, which Advantage acquired in 2021, provides a range of data science services primarily to brands in the pharmaceutical, marketing and hospitality industries. A substantial majority of the brands Strong serves fall outside of Advantage's core retailer and consumer packaged goods clients. As part of the sale, Strong will fold into OneSix, a Chicago-based data engineering and technology company. The sale advances Advantage's broader growth acceleration plan, which includes efforts to simplify its portfolio - enabling greater focus on the company's core capabilities while creating the capacity to strengthen its balance sheet, drive productivity and fuel growth. The company intends to use the majority of proceeds from the transaction to reinvest in its business and reduce its debt as it continues to progress toward its target of achieving a net-debt-to-adjusted-EBITDA ratio of less than 3.5 times.
ESEA

Hot Stocks

09:03 EDT Euroseas announces time charter contract for M/V Stephania K - Euroseas announced it has entered into a time charter contract for M/V Stephania K, a newbuilding fuel efficient 1,800 teu feeder containership currently under construction, for a minimum period of 23 to a maximum period of 25 months at the option of the charterer, at a gross daily rate of $22,000. The new charter will commence upon delivery of the vessel from the shipyard expected to take place on June 28, 2024. Aristides Pittas, Chairman and CEO of Euroseas commented: "We are pleased to announce that we have chartered our upcoming newbuilding vessel, the sixth in a series of nine and second of our three 1,800 teu units, with one of the largest liner companies, at a profitable rate level of $22,000/day for a period of two years. This charter represents a significant improvement compared to recent fixtures, both in terms of rate and duration, as evidenced by our own fixture for its sister vessel, M/V Monica, at $16,000 for 12 months only a month ago. The present charter is expected to contribute about $11.0 million of EBITDA for the minimum contracted period; it increases our remaining 2024 charter coverage to 90%."
APPS UBER

Hot Stocks

09:02 EDT Digital Turbine names Michael Akkerman as Chief Business Officer - Digital Turbine (APPS) is excited to announce the appointment of Michael Akkerman as the company's new Chief Business Officer. In this role, Michael will lead DT's global go-to-market efforts, including sales, partnerships, marketing, product, and business operations. Most recently, Michael served as GM, Mobility Advertising at Uber (UBER), where he led the vision and strategy for Uber's emerging advertising business across its global ride-hailing app.
MULN

Hot Stocks

09:02 EDT Mullen Automotive announces addition of New England area dealer, purchase order - Mullen Automotive announces the addition of zero-emissions commercial vehicle dealership, Eco Auto, a Boston, Massachusetts, area dedicated EV dealer. As Mullen's newest franchise dealer, Eco Auto will cover national fleet opportunities for the Company's full line of commercial electric vehicles with particular focus on the regional New England area. Eco Auto's initial vehicle order includes 10 Mullen ONE, Class 1 EV cargo vans, and 3 Mullen THREE, Class 3 EV cab forward EV trucks. "The New England area is a key Northeast hub for commercial fleet companies and one we are excited to enter," said David Michery, CEO and chairman of Mullen Automotive. "Eco Auto brings a wealth of frontline retail experience, a strong dedication to EVs, and is a great partner for us to align with."
SWAG

Hot Stocks

09:01 EDT Stran & Company expands multiple contracts with industry-leading customers - Stran & Company announced that it has recently secured multiple expanded contracts with industry-leading, enterprise-level customers. These customers span multiple sectors and geographies, demonstrating Stran's position as a leader in the promotional products industry, as well as validating Stran's ability to address the complex marketing needs of its diversified customers. The expanded agreements, each representing six-figure expected annual revenue, are with multiple customers, including a best-in-class original equipment manufacturer serving the automotive industry, a state-of-the-art engineering products and services firm, and a leading global provider of mission-critical technologies and services for the oil and gas industry.
LUV

Hot Stocks

09:01 EDT Elliott sends letter, presentation to Board of Southwest Airlines - Elliott Investment Management, which manages funds that together have an investment of approximately $1.9B in Southwest Airlines, sent a letter to the Board of Directors of Southwest. The letter substantiates Elliott's view that Southwest's poor execution and leadership's stubborn unwillingness to evolve the Company's strategy have led to deeply disappointing results for shareholders, employees and customers alike. Southwest's rigid commitment to a decades-old approach has inhibited its ability to compete in the modern airline industry, Elliott said, and this ethos pervades the entire business with outdated software, a dated monetization strategy and antiquated operational processes. Elliott's letter asserts that the Company's failure to modernize is underscored by Southwest's December 2022 operational meltdown, which stranded more than two million travelers over the holidays. Elliott noted that Southwest's share price has declined by more than 50% over the past three years and is now below the levels at which it traded in March 2020 during the depths of the COVID pandemic. The letter also highlighted that disappointing financial performance has cost each frontline employee tens of thousands of dollars on average in the form of lower profit sharing and declines in the value of employee-owned stock. As a result of this poor performance, Elliott believes that new leadership is required at Southwest, which represents the most compelling airline turnaround opportunity in the last two decades, according to the letter. As part of its "Stronger Southwest" plan, Elliott outlined three recommendations to improve the Company's performance: 1) Enhance the Board 2) Upgrade Leadership 3) Undertake a Comprehensive Business Review. By executing on the Stronger Southwest plan, Elliott believes the Company can return to its rightful position as an industry leader, including generating best-in-class margins and compelling returns for its shareholders. In doing so, Elliott argues that Southwest's stock can achieve $49 per share within 12 months, representing a highly attractive 77% return during the period. Elliott is convinced that Southwest's issues are addressable with the right leadership and a comprehensive, unbiased evaluation of available opportunities, and looks forward to collaborating with the Company to restore accountability and best-in-class financial performance for the benefit of Southwest shareholders, employees and customers.
LQR

Hot Stocks

08:52 EDT LQR House acquires 8.58% stake in DRNK Beverage for $4.8M - LQR House announced the acquisition of 1,920,000 shares of DRNK Beverage Corporation at $2.50 per share, totaling $4.8M. The proceeds were irrevocably transferred for the sole and exclusive use of the issuer as of June 2024. This investment, which has been held in escrow, will not impact the cash on hand numbers reported in the Company's last filing. LQR House's investment in DRNK marks its strategic entry into both the non-alcoholic and ready-to-drink beverage markets, two rapidly growing sectors within the beverage industry. As consumers increasingly prioritize their health and wellness, there is a growing demand for drinks that offer functional benefits such as immune support, energy enhancement, added vitamins, probiotics, and plant-based ingredients. To meet this trend, DRNK has developed a ready-to-drink option with various nutritional advantages.
WLDS QCOM

Hot Stocks

08:50 EDT Wearable Devices demonstrates integration of Mudra tech with Snapdragon Spaces - Wearable Devices (WLDS) announced the completion of its first phase of integration with Qualcomm's (QCOM) Snapdragon Spaces, extended reality Developer Platform. This milestone follows the collaboration agreement announced earlier this year, marking a significant step forward in transforming the XR industry through innovative gesture-based control. The Mudra Band technology has been integrated with the Snapdragon Spaces platform, enabling enhanced user experiences through intuitive gesture-based interactions in augmented reality and virtual reality environments. This integration showcases the potential of combining Mudra's touchless control technology with Snapdragon Spaces, setting a new standard for immersive digital experiences and redefining how users interact with digital worlds.
HFFG

Hot Stocks

08:49 EDT HF Foods Group appoints Lisa Lim, Charlotte Westfall to board of directors - HF Foods Group announced the appointment of Lisa Lim and Charlotte Westfall to the Company's board of directors effective June 7, 2024. As a result of the appointments of Ms. Lim and Ms. Westfall, the Company's board of directors will now include four independent directors and Mr. Peter Zhang, the CEO of the Company. Lim is a retired partner with the global professional services organization, Ernst & Young. Westfall is a corporate partner based in the San Francisco office of a US global law firm
NEOG

Hot Stocks

08:46 EDT Neogen awarded contract from USDA Food Safety and Inspection Service - Neogen announced that the U.S. Department of Agriculture Food Safety and Inspection Service has named the Neogen Molecular Detection System as its primary method to be used for the detection of Salmonella and Listeria monocytogenes testing for meat, poultry and egg products.
RCUS GILD

Hot Stocks

08:45 EDT Arcus completes enrollment for domvanalimab study for GI cancer - Arcus Biosciences (RCUS) announced the completion of patient enrollment for STAR-221, a Phase 3 study in collaboration with Gilead Sciences (GILD), evaluating the combination of the Fc-silent anti-TIGIT antibody domvanalimab plus the anti-PD-1 monoclonal antibody zimberelimab and chemotherapy in patients with locally advanced unresectable or metastatic gastric, gastroesophageal junction or esophageal adenocarcinoma. "STAR-221 completed enrollment well ahead of schedule, driven by significant interest from the global medical community in the potential for an anti-TIGIT-based regimen to address the high unmet need in this setting," said Dimitry S.A. Nuyten, M.D., Ph.D., chief medical officer of Arcus Biosciences. "Domvanalimab is the first and only anti-TIGIT antibody to be studied in a Phase 3 trial in upper gastrointestinal adenocarcinoma. We are now preparing for the readout and look forward to the potential opportunity to make a meaningful difference for patients with this disease." ..Domvanalimab and zimberelimab are investigational molecules. Neither Gilead nor Arcus has received approval from any regulatory authority for any use of these molecules, and their safety and efficacy for the treatment of gastrointestinal cancers have not been established.
CCDBF

Hot Stocks

08:44 EDT CCL Industries completes acquisition of Middle East venture - CCL Industries has completed the acquisition of the remaining 50% equity interest in its Middle East joint venture, Pacman-CCL, from its partner, Albwardy Investment LLC, headquartered in Dubai. PCCL, headquartered at its Dubai manufacturing facility in the United Arab Emirates, also operates label production facilities in Oman, Egypt, Saudi Arabia and Pakistan. Sales for the first four months of 2024 were approximately $34 million with $14 million of adjusted EBITDA. The debt-free, all cash purchase consideration is approximately $143 million, net of cash acquired, subject to customary closing conditions. The business will immediately commence trading as CCL Label with results fully consolidated.
SLS

Hot Stocks

08:44 EDT Sellas Life Sciences announces initial data in Phase 2a trial of SLS009 - SELLAS Life Sciences Group announced the completion of enrollment as well as initial data from the ongoing Phase 2a trial of SLS009, a highly selective CDK9 inhibitor, in relapsed/refractory acute myeloid leukemia. Thirty heavily pretreated patients were recruited in 5 centers across the US, reflecting the high unmet need of this refractory/relapsed patient population. Except for one, all patients in this Phase 2a trial had unfavorable/poor cytogenetic and/or molecular genetics risk and were treated with continued venetoclax - azacytidine combination therapy after having failed it or similar venetoclax combinations, often more than once. The expected overall survival in those patients is approximately 2.5 months. Key Highlights from the Initial Data: Safety: SLS009 was generally well-tolerated with no safety issues observed across all doses. There were no dose-limiting and no high-grade treatment-related non-hematologic toxicities. Hematologic toxicities profile was not different from that of venetoclax-based regimens alone. 27 patients had at least one efficacy assessment as of May 25, 2024, and were considered evaluable for efficacy. Efficacy: The overall response rate was 29.6% in all evaluable patients, and across all SLS009 doses, with the highest response rate of 50% observed at the dosing regimen of 30 mg BIW. In the first dose level of 45 mg once a week, the median overall survival among evaluable patients followed for survival was 5.4 months, compared to the expected survival of 2.5 months in patients refractory to and relapsed on standard venetoclax in combination with hypomethylating agents. In the second dose level, 60 mg, administered once a week, 3 out of 9 evaluable patients achieved an overall response defined as leukemia-free status that includes complete response, complete response with incomplete hematologic recovery, and morphologic leukemia-free state. Median survival has not been reached. In the third dose level of 30 mg twice a week, 4 out of 8 patients evaluable to date achieved overall response defined as leukemia-free status that includes complete response, complete response with incomplete hematologic recovery, and morphologic leukemia-free state. Median survival has not been reached. Observed efficacy outcomes exceeded the target ORR of 20% and mOS of 3 months. The highest response rates were observed among patients harboring ASXL1 mutations as previously reported. Notably, responses were highly correlated with mutational status, with 6 out of 8 responding patients having myelodysplasia-related somatic mutations and 5 having specifically ASXL1 mutations. A 100% overall response rate was achieved in patients with ASXL1 mutations in the 30 mg BIW cohort to date. Based on the preliminary findings from this Phase 2a trial, the trial has been expanded to include two additional cohorts consisting of dosing at 30 mg BIW. One cohort will enroll AML patients with ASXL1 mutations and the other AML patients with myelodysplasia-related molecular mutations other than ASXL1. Study enrollment continues and additional updates and data are expected in Q3.
THAR

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08:41 EDT Tharimmune announces results of Phase 1 trial of TH104 - Tharimmune reports results from its Phase 1 clinical trial with TH104, a proprietary transmucosal buccal film embedded with the approved, active compound nalmefene that easily adheres inside of the mouth on the cheek and biodegrades within minutes. Results in healthy subjects demonstrated consistent pharmacokinetic profiles across buccal and intravenous routes of administration with a comparable safety and tolerability profile between routes of administration. TH104, the Company's lead clinical asset, is designed to avoid the liver's first-pass metabolism of oral formulations and, as such, may be a preferred product candidate for liver-related and other pruritogenic inflammatory conditions. The molecule has a dual mechanism of action that affects both the mu and kappa opioid receptors. These extensively studied receptors, when stimulated and/or inhibited by the body's endogenous ligands, have been implicated in human itch circuitry for certain conditions, specifically cholestatic liver conditions. This Phase 1 trial is a single-dose, single-center, open-label, randomized 2-way crossover study comparing 16mg of TH104 with 1mg intravenous nalmefene administered under fasting conditions, with a 7-day washout period between doses. Twenty healthy subjects were enrolled to complete both doses of the crossover design. All 20 subjects completed TH104 buccal dosing, while 19 of 20 subjects also completed the intravenous dosing. The primary objective was to evaluate the absolute bioavailability of TH104, as well as to assess safety and tolerability. Findings from the study indicate that the primary endpoint of the absolute bioavailability of TH104, or fraction of the administered dose absorbed into the systemic circulation compared to an equivalent intravenous dose of nalmefene, was 0.459. The median time to maximum concentration of TH104 was 2.0 hours, with rising concentrations beginning within minutes of dosing. The mean half-life as measured in the blood of subjects was 14 hours after a single buccal administration of TH104, compared to 9 hours for the 1mg intravenous dose of nalmefene./ These data are consistent and within range of published findings of population PK data of nine Phase 1 studies of 243 subjects with extensive blood sampling.1. Furthermore, in the same analysis, receptor occupancy of oral dosing of nalmefene using a robust PK model for nalmefene was developed where a single 20mg dose showed mu-opioid receptor occupancy was simulated to be within or above 60-90% for up to 22-24 hours. The Company believes PK results from this Phase 1 trial show proportional kinetics consistent with published findings of oral and intravenous formulations of nalmefene including F, Cmax, T1/2 and potential receptor occupancy time, suggest TH104 could be developed for once-daily dosing in a target population of moderate-to-severe chronic pruritus in PBC patients. The Phase 1 trial also demonstrated that a 16mg dose of TH104 had a comparable safety and tolerability profile to the FDA-approved 1mg dose of nalmefene intravenous formulation. Treatment emergent adverse events were reported in 8 subjects in the TH104 group and 7 subjects in the intravenous group. All reported TEAEs were considered mild in severity. The most frequently reported TEAE for both TH104 and intravenous treatments was dizziness. TEAEs reported in at least 2 subjects in any treatment group were nausea and somnolence. There were no serious adverse events reported during this study. No subjects discontinued the study due to adverse events. No subjects exhibited abnormal results for the visual examinations of the buccal mucosa pre- or post-dosing with TH104 buccal film. The Company continues to have discussions with the FDA regarding its Phase 2 program and intends to initiate a clinical trial with TH104 in moderate-to-severe chronic pruritus in PBC patients in 2024.
RVSN

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08:40 EDT Rail Vision installs AI-driven system for class 1 U.S.A. operator - Rail Vision announced the successful installation of its AI-driven ShuntingYard product for a class 1 freight rail US-based company. The North American Class 1 rail company will use the system on its locomotive for evaluation in different scenarios related to safety and efficiency. This installation follows the purchase order, announced in March 2024, and is yet another step in the company's goal of enhancing the safety and efficiency of the American railway industry. The installed system integrates state-of-the-art technologies designed to provide real-time monitoring and obstacle detection, ensuring the highest standards of safety for rail operations, and is build to meet rigorous railroad demands, offering unparalleled reliability and performance.
ICU

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08:39 EDT SeaStar Medical announces three new members have joined to board of directors - SeaStar Medical Holding Corporation announces that three new members have joined its Board of Directors. Two new directors, Jennifer Baird and Bernadette Vincent, were elected at the Company's 2024 Annual Meeting of Stockholders held on June 4, and John Neuman was appointed to the Board on June 5. Former directors Bruce Rodgers and Richard Russell did not stand for reelection at the 2024 Annual Meeting, and Andres Lobo announced his retirement from Dow Chemical, resulting in his departure from the SeaStar Medical Board. Baird serves as the Executive Chair of Culturewell. Vincent most recently held executive roles including President, Chief Operating Officer and Chief Field Operations Officer and was a Director at Satellite Healthcare.
AREC

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08:39 EDT American Resources adjusts distribution date for special dividend - American Resources announced that, due to the Company's decision to list its wholly owned subsidiary, American Carbon Corporation, on a national exchange prior to its distribution, the Distribution Date for the previously announced special dividend has been adjusted to now occur on August 9, 2024. The special dividend of American Carbon Corporation will still be distributed to shareholders of record of American Resources as of May 27, 2024.
VEV

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08:38 EDT Vicinity Motor appoints Tina Stewart as CFO - Vicinity Motor announced the appointment of Tina Stewart as CFO, succeeding Dan Buckle. Before joining Vicinity, Tina was VP of Finance, North America, for Drax Group. Concurrently with Tina's appointment, prior CFO Dan Buckle elected to resign due to personal reasons. As Chief Financial Officer of Vicinity, Tina will provide financial leadership to assist in building on the Company's goal of delivering value to its shareholders by implementing short, medium and long-term planning, risk management, corporate strategic development, system implementation, regulatory compliance reporting, internal controls and tax advisory.
RNXT

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08:36 EDT RenovoRx appoints Ryan Witt as SVP, head of corporate strategy, partnerships - RenovoRx announced that Ryan Witt has joined the Company in the new role as Senior Vice President, Head of Corporate Strategy and Partnerships. Witt, who has been a consultant to the Company for the past year, has a strong track record, backed by 15 years of experience, in successfully leading corporate strategy in both medical technology and biopharmaceutical companies.
CDZI

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08:36 EDT Cadiz signs LOI with City of Hesperia for water supply - Cadiz announced that on June 5th the company signed a Letter of Intent to provide 75,000 acre-feet of water supply to the City of Hesperia as part of the company's commitment to the "One Water" Initiative in San Bernardino County's Mojave River Basin.
WGS

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08:36 EDT GeneDx announces collaboration with Epic Aura - GeneDx announced that it is expanding access to its rapid whole genome sequencing services in neonatal intensive care units with leading health systems through a new collaboration with Epic. The integration with Epic expands GeneDx's commercial strategy by connecting directly with health systems that use Epic's EHR to receive orders and send results. With more than 20 years of experience leading the industry in diagnosing children with rare diseases, including performing more than 80% of clinical exomes in the US today, GeneDx is increasing its focus to a rapidly growing segment of its business. GeneDx has seen an 80% year over year increase of its rapid testing business, and the payor landscape is rapidly evolving, with 11 states now offering Medicaid coverage and an increasing number of commercial payors adopting coverage policies for this critical testing. Patients will now have rWGS results seamlessly integrated into their single, comprehensive medical record, enabling providers to deliver more comprehensive patient care.
CYBR

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08:36 EDT Coca-Cola HBC) selects CyberArk for identity security, no terms - CyberArk announced that Coca-Cola Hellenic Bottling Company a prominent manufacturer and distributor of Coca-Cola products in Europe, has chosen the CyberArk Identity Security Platform to help safeguard its cloud migration, secure critical assets and to manage sensitive access for both internal and external users. "We were feeling the pressure that many other FMCG and CPG companies experience. We have so many potential attack vectors and it is challenging to secure all of them without hindering operations. From software and factories to shipping supply chains, our business has multiple areas for potential interruption. To minimize risk, we needed a partner who could help us secure access for employees, vendors and other partners across multiple geographies - ideally from a single tool," said Theodoros Stanimerakis, Cyber Security Platforms Manager, Coca-Cola HBC. "We chose CyberArk once we saw that we could manage endpoints, workforce and privilege access from a single platform. It delivers an innovative, reliable, holistic solution that protects our most critical assets and systems."
TAOP

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08:35 EDT Taoping reports May contract revenue up 52% y/y - Taoping reported a total contract revenue value of RMB 29.8M for the month of May 2024, representing an increase of 52% compared to the month of May 2023. This represents a 43% increase over April 2024, which had a total contract revenue value of RMB 20.8M. Led by growth of its cloud-based Smart City products and solutions, the addition of sales of the company's new AI-powered Smart Terminals was also an important driver of the surge in May contract revenue. The company anticipates that AI-based products will continue to expand and remain a key factor in driving revenue growth in 2024 and beyond.
LVO

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08:35 EDT LiveOne reports total membership surpasses 3.8M - Tesla membership reaches a milestone of 1.8 million, boasting a 32% year-over-year growth; Projected membership growth exceeds 1 million in calendar year 2024. Brad Konkol, Head of Slacker Radio, "We are pleased to announce our ongoing membership growth, driven by the power of collaborative B2B partnerships. At the heart of our strategy is the development of unique, customizable audio experiences for businesses and their customers. Our goal is to forge meaningful alliances with companies that share our passion for innovation, bespoke programming, and delivering exceptional customer value."
CDIO

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08:35 EDT Cardio Diagnostics achieves SOC 2 Type I compliance certification - Cardio Diagnostics announced the successful completion of its System and Organization Controls, or SOC, 2 Type I audit, achieving compliance with the leading industry standards for customer data security.
SRM

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08:34 EDT SRM Entertainment announces custom designed product order - SRM Entertainment announce a new order for SRM custom designed, nostalgic movie character key chains which will be available online and in shops at one of the world's largest movie theater chain. The initial order will help theaters promote the enhanced merchandising experience which allows movie goers to purchase memorabilia, souvenirs and gifts in theater. "SRM is continually searching for new opportunities to connect with customers. In-theater purchases has many similarities to the theme park merchandise experience which allows brands to connect with a captive audience. Designing brand themed products that people are excited to buy is at the core of what we strive to help our customers achieve." stated SRM's CEO Rich Miller.
ATNM

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08:34 EDT Actinium Pharmaceuticals reports results from Phase 3 SIERRA Trial of Iomab-B - Actinium Pharmaceuticals highlighted data from multiple abstracts that were presented at the 2024 Society of Nuclear Medicine & Molecular Imaging Annual Meeting being held June 8 - 11, 2024, in Toronto, Canada. The presentations featured results from the Phase 3 SIERRA trial of Iomab-B, a CD45 targeting ARC with the Iodine-131 payload, intended for conditioning to prepare patients with active relapsed or refractory acute myeloid leukemia for a potentially curative bone marrow transplant. The Phase 3 SIERRA trial enrolled 153 r/r AML patients. Iomab-B achieved the primary endpoint of durable Complete Remission with high statistical significance. Additionally, Actinium's novel linker technology was highlighted in a presentation demonstrating high tumor uptake and in vivo stability in preclinical models with significantly lower kidney and liver uptake compared to standard DOTA linkers.
HFFG

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08:34 EDT HF Foods Group enters settlement with SEC - HF Foods Group announced the final resolution of the previously disclosed formal, non-public investigation by the staff of the U.S. Securities and Exchange Commission into allegations that the Company and/or its former executives violated United States securities laws. As part of the settlement, the Company neither admitted nor denied the SEC's findings. The Company has consented to the entry of an administrative civil cease-and-desist order by the SEC with respect to violations of Sections 17(a) of the Securities Act of 1933, and of Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B), and 14(a) of the Securities Exchange Act of 1934, as amended, and Rules 10b-5, 12b-20, 13a-1, 13a-11, 13a-13, 13a-15(a), and 14a-9 thereunder, resulting from the materially false and misleading disclosures and other fraudulent conduct carried out by its former Chairman and CEO Zhou Min Ni and former CFO Jian Ming "Jonathan" Ni. The Company agreed to payment of a civil monetary penalty of $3.9 million. The Order states that, in determining to accept the Company's Offer of Settlement, the SEC considered the numerous remedial actions promptly undertaken by the Company and its cooperation during the investigation. The Company's resolution follows charges brought by the SEC against the two former executives in a District Court action filed on June 3, 2024. As a result of the SEC's district court complaint against them, the two former executives agreed to pay civil fines and disgorgement, and agreed to be subject to officer and director bars. Zhou Min Ni also agreed to a conduct-based injunction which enjoins him from directly or indirectly participating in the management of, or otherwise exercising any control or influence over the Company. A Special Litigation Committee of the Board of Directors previously obtained a monetary settlement from the former executives that was ratified by the Delaware Chancery Court.
SRZN

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08:33 EDT Surrozen presents preliminary results from Phase 1a study of SZN-043 - Surrozen presented a poster on the preliminary results of a Phase 1a study of SZN-043, a novel R-Spondin mimetic, in healthy volunteers and subjects with liver cirrhosis on June 8, 2024 at the 2024 European Association for the Study of the Liver, EASL, in Milan. Study Overview: Safe and well-tolerated doses of SZN-043 were established in the randomized, placebo-controlled, first-in-human, Phase 1a trial in 40 healthy volunteers and 8 patients with a history of liver cirrhosis. Pharmacodynamic Biomarkers: The study provided evidence of Wnt-mediated pharmacodynamic activity in the liver after treatment with SZN-043. Target engagement was confirmed via transient increases in alkaline phosphatase. Increases in ALP are indicative of SZN-043 binding to, and elimination of, its targeting receptor asialoglycoprotein from the surface of the hepatocytes and this reduction in its capacity to clear ALP is consistent with observations in other ASGPR binding agents. Wnt signal activation was demonstrated by the results of the methacetin breath test. This test showed increased methacetin clearance following SZN-043 administration which is indicative of activation of the Wnt target gene, CYP1A2, in hepatocytes. HepQuant measurements demonstrated increases in the portal hepatic filtration rate. The HepQuant test is a quantitative liver function test that measures cholate clearance to assess liver function. The increase in portal HFR is thought to be related to Wnt-mediated induction of cholate clearance by SZN-043.
MIRA

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08:33 EDT Mira Pharmaceuticals reports 'positive' results from Ketamir-2 study - MIRA Pharmaceuticals announced positive preclinical study results highlighting the potential efficacy and safety profile of Ketamir-2, MIRA's novel oral ketamine analog designed to treat depression and treatment-resistant depression. The highly encouraging study results further MIRA's goal of submitting an Investigational New Drug Application to the U.S. FDA later this year which, if granted, would allow for human clinical trials of Ketamir-2. Key Findings from the Study: The study, conducted by Pharmaseed Ltd., evaluated the anti-depressive and anxiolytic effects of oral Ketamir-2, in comparison with oral ketamine, using established behavioral tests in male mice. The tests included the Open Field Test, Elevated Plus Maze, and Forced Swim Test. Under the experimental conditions of these studies, it was possible to use 10 fold-higher oral doses of Ketamir-2, compared with ketamine, which induced major sedative and other side effects already at low doses. The following findings were observed: Open Field Test: Mice treated with Ketamir-2 showed dose-related, significantly greater locomotor activity, higher travel speed and a trend towards an increased time spent in the center of the arena, indicating reduced anxiety levels. Elevated Plus Maze: In this model of depression, significant increases in travel distance and speed were observed in mice treated with Ketamir-2. Furthermore, Ketamir-2 treated mice spent more time in the open arms of the maze, suggesting reduced anxiety. Forced Swim Test: In this model of depression and anxiety, mice in the Ketamir-2 treated arm demonstrated reduced swimming distances and speed, indicating reduced behavioral despair and anti-depressant effect. In addition, Ketamir-2 treatment resulted in significantly reduced immobility times, highlighting its potential antidepressant properties. Traditional ketamine was used as a positive control in this study. In many of the above parameters, traditional ketamine given orally at the highest dose feasible was inactive, again pointing to the comparative potential benefits of Ketamir-2, which is designed to be delivered orally.
CUEN

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08:32 EDT Cuentas provides update on partnership with World Mobile Group - Cuentas announces an update on its partnership with World Mobile Group. This newly launched joint program offers an immediate internet access alternative to 23 million households in the United States, following the termination of the Affordable Connectivity Program on June 1, 2024. Cuentas is set to launch this initiative leveraging World Mobile's innovative platform, deploying localized networks tailored to specific customer needs. This seamless integration will provide internet access, roaming services, and mobile solutions, with a nationwide rollout expected as soon as July 2024. The Affordable Connectivity Program, canceled by the Federal Communications Commission effective June 1, 2024, due to lack of additional funding from Congress, previously enabled households to afford essential broadband for work, school, healthcare, and more. The ACP benefit provided a discount of up to $30 per month for internet service for eligible households and up to $75 per month for those on qualifying Tribal lands. Cuentas and World Mobile will promote this alternative service through a network of 30,000 retail outlets across the United States, currently served by CUEN's mobile and fintech offerings.
BDRX

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08:32 EDT Biodexa Pharmaceuticals to announce 12 month data of Phase 2 trial of eRapa - Biodexa Pharmaceuticals announces that 12 month data of a Phase 2 clinical trial of eRapa in Familial Adenomatous Polyposis, FAP, are to be presented at the prestigious biennial InSIGHT 2024 meeting in Barcelona, Spain on June 22, 2024. Carol Burke, MD, the Principal Investigator, will present the six and 12 month data in an oral presentation at the meeting. Dr Burke presented the six-month data at the Digestive Disease Weekly meeting in Washington D.C. on May 21, 2024.
RY

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08:23 EDT Royal Bank of Canada to repurchase up to 30M of common shares - Royal Bank of Canada announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved its normal course issuer bid to purchase, for cancellation, up to 30M of its common shares. Purchases under the normal course issuer bid may commence on June 12, 2024 and continue until June 11, 2025, when the bid expires, or such earlier date as the Bank may complete its purchases pursuant to the notice of intention filed with the TSX.
MIMO

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08:23 EDT Boldyn selectis Airspan as innovation partner for Sunderland smart city - Airspan Networks Holdings is thrilled to announce its continued collaboration with Boldyn Networks, Boldyn , a company in shared communications infrastructure, to support Sunderland City in their ongoing deployment of its ambitious smart cities project. ..Henrik Smith-Petersen, Chief Sales and Marketing Officer at Airspan, expressed his satisfaction with the partnership and stated, "We are very pleased with Boldyn selecting Airspan as a partner to bring further innovation to Sunderland smart city. Dense, software-centric 5G networks are crucial in establishing a network of connectivity that enhances employment opportunities, business efficiency, growth, and secures a prosperous future. Our credentials were well-suited to delivering equipment for large-scale connected infrastructure and networking solutions for Sunderland City Council."
EFSH

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08:19 EDT 1847 Holdings reports 'continued progress' on pending transactions - Ellery W. Roberts, CEO of 1847 Holdings, commented, "We remain on track with several potentially transformative strategic transactions. Specifically, we are nearing completion of a definitive agreement to acquire a prominent millwork, cabinetry, and door manufacturer. This target achieved revenues of $28.6 million and significant cash flow in 2023. Moreover, as previously disclosed, we negotiated a favorable purchase price of $16.75 million, which represents approximately 3.2x the target's 2023 EBITDA. We are also engaged in active discussions with several parties interested in acquiring one of our business lines and we are encouraged by the progress. In parallel, we are actively working on restructuring and accelerating the repayment of our debt. This includes extending the duration of remaining indebtedness and eliminating any equity-linked aspects of repayment. We believe these actions would create a more favorable capital structure for the Company and our shareholders, positioning us for sustained long-term success. We are highly confident that these and other strategic initiatives will drive significant value for our shareholders as we continue to execute our growth strategy. We look forward to providing further updates as these transactions continue to progress," concluded Mr. Roberts.
JMIA

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08:18 EDT Jumia Technologies opens warehouses in Lagos, Nigeria and Casablanca, Morocco - Jumia announced the opening of two new integrated warehouses - a 30,000 square meter facility in Isolo, Lagos and a 5,000 square meter facility in Bouskoura, near Casablanca, Morocco. These openings signify a major step forward in Jumia's commitment to enhancing its logistics capabilities and commitment to providing its customers with the best possible shopping experience. The shift to single, integrated warehouses and logistics network facilities in Lagos will allow for significant scale-up of operations and improvements in efficiency, cost savings, and delivery times. Both facilities will expand Jumia's storage capacity, thus strengthening its ability to meet the growing demands of its customers, while expanding the range of products available online. As the company moves forward, Jumia remains committed to revolutionizing e-commerce and improving everyday life in Africa while continuing to become a nimbler, leaner and more efficient organization.
ENGIY

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08:17 EDT Revolve Renewable receives $3.4M milestone payment - Revolve Renewable Power announce the completion of the interconnection milestone related to the 1,000MW Bouse Solar and Storage Project, which was sold in January 2023 to ENGIE IR Holdings LLC, a wholly-owned subsidiary of ENGIE. The terms of the sale, which also included the sale of the 250MW Parker Solar & Storage Project, are set out in the news release dated January 11, 2023. The total consideration payable by ENGIE is within the range of guidance previously provided by the Company for the sale of utility scale development assets. The Company received an upfront payment of US$2,000,000 on completion of the transaction in January 2023. Of this sum, US$800,000 was recognised as revenue in the Company's Q3 FY2023 financial accounts with the remaining US$1,200,000 accounted for as deferred revenue. The balance of this deferred revenue as at March 31, 2024 was US$960,000. The remaining consideration is linked to each of the Parker Project and Bouse Project successfully completing the following development milestones: Completion of further interconnection studies; Issuance by ENGIE of a Notice To Proceed construction works to the applicable Engineering and Procurement Contractor. On the Commercial Operations Date, with such date being the date that a project has been synchronized to the grid and is capable of delivering all of its installed capacity to the grid. The Company previously guided that it expected the completion of the interconnection studies milestones for the Bouse Project to be achieved prior to the end of H1 2024 when further interconnection studies are issued. We are now pleased to confirm that the completion of further interconnection studies milestone has been met for the Bouse Project. As part of the transaction the parties entered into a put option agreement allowing ENGIE to sell the Bouse Project back to the Company for a limited period following receipt of the results of the next interconnection studies due for each project. ENGIE has chosen not to exercise the Put Option and it has therefore expired for the Bouse Project. The next milestone payment related to the Bouse Project totalling US$3,400,000 has now been paid to the Company. There were no additional development costs incurred by the Company in relation to this milestone. The deferred revenue of US$960,000 is now expected to be recognised as revenue in the Company's Q4 FY2024 financial statements.
BKR PBR

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08:17 EDT Baker Hughes awarded integrated solution contract for Petrobras offshore fields - Baker Hughes (BKR) announced Monday a significant order from Petrobras (PBR) for workover and plug and abandonment services in pre-salt and post-salt fields offshore Brazil. The multi-year project, set to start in the first half of 2025, will be managed with Baker Hughes' integrated solutions portfolio to optimize performance for Petrobras. Baker Hughes' integrated approach will deploy wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences services in all of Petrobras' offshore fields. The agreement also includes Baker Hughes remedial tools, completion fluids and production chemicals.
OII PBR

Hot Stocks

08:16 EDT Oceaneering in $120M-$183M manufactured products contracts with Petrobras - Oceaneering International (OII) announced that its Manufactured Products segment has secured two significant contracts with Petrobras (PBR) through a competitive bidding process. The expected aggregate net revenue is in the range of $120M to $183M. Oceaneering is contracted to supply up to 362 kilometers, or approximately 225 miles, of steel tube and thermoplastic electro-hydraulic umbilicals and associated subsea distribution hardware for use in projects offshore Brazil. Manufacturing of the products is scheduled to take place at Oceaneering's Niteroi, Brazil facility with the final delivery expected in the fourth quarter of 2027. Reflecting on these achievements, Roderick A. Larson, President and Chief Executive Officer of Oceaneering, stated, "The award of these major contracts reinforces our confidence in the durability and commitment of our customers to the resurgent deepwater markets. It further demonstrates Oceaneering's position as a trusted provider with the ability to deliver quality work in a safe and timely manner. This advances the leading-edge position of our Brazilian manufacturing operation and we look forward to supporting Petrobras on these projects."
SPEC

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08:16 EDT Spectaire announces purchase order, delivery of AireCore units to American Ag - Spectaire announces a purchase order and delivery of its advanced AireCore units to American Ag Energy, a Boston-based high-efficiency biomass-to-fuel reactor company. The integration of Spectaire's AireCore mass spectrometers into American Ag Energy's product gas analysis loop marks a significant advancement in their technology. Spectaire's miniature mass spectrometers provide detailed insights into the fuel gas composition, enabling precise tuning of reactor operating parameters for maximum fuel production and efficiency. Spectaire's technology can simultaneously measure expected product gases, delivering a comprehensive overview of gas composition.
MTEK

Hot Stocks

08:14 EDT Maris-Tech receives repeat order for $957,000 from defense industry company - Maris-Tech has received a repeat order of approximately $957,000 for a customized solution that provides armored and autonomous vehicles with enhanced situational awareness. This is the third order for this unique solution from the same customer, and it is expected to be delivered by the end of 2024.
MWRK

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08:13 EDT MetaWorks Platforms engages EnergyFX to manage site operations - MetaWorks Platforms announced that it has entered into an agreement with New Jersey based EnergyFX, LLC to manage its day to day waste to energy conversion site operations as the company prepares for commercialization in 2024 Q4.
MRNO

Hot Stocks

08:13 EDT Murano Global Investments explores cruise port development in Mexico - Murano Global Investments announced that it has signed a non-binding memorandum of understanding with a leading global cruise operator to explore the potential to develop a cruise port destination on its property in Bajamar, Baja California, Mexico. The Baja Project is situated on the Tijuana Ensenada corridor, 60 minutes from the Tijuana/San Diego border and a few minutes from the beaches of Ensenada, Tijuana and Rosarito. Elias Sacal, CEO of Murano commented, "We are delighted to have engaged with a world leader in the cruise lines industry, as we seek to create a new major tourist destination with the proposed cruise port in our Baja Project. Importantly, there are no other cruise ports in proximity to our location. This would make the development of a port a highly strategic and mutually beneficial endeavor for Murano, the cruise operator and the local economy, which would benefit significantly from enhanced tourism. We strongly believe that Murano has the vision, know-how and experience to launch major developments and create world-class destinations, and that this development will again demonstrate these capabilities."
HOTH NVDA

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08:13 EDT Hoth Therapeutics, Wise Systems enter joint development agreement - Hoth Therapeutics (HOTH) announced the entry into a joint development agreement with Wise Systems International SRL to leverage artificial intelligence utilizing the BioNeMo AI platform of Nvidia (NVDA). BioNeMo provides researchers and developers a fast and easy way to build and integrate state-of-the-art generative AI applications across the entire drug discovery pipeline-from target identification to lead optimization-with AI workflows. With the help of SRL, Hoth Therapeutics will have the ability to identify, create and leverage its pipeline for additional therapeutics and to further increase value of its assets.
AERT

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08:11 EDT Aeries Technology announces strategic partnership with Victory Live - Aeries Technology announced its strategic partnership with Victory Live, a global technology platform focused on sports and entertainment, event management, data, and ticketing software and solutions founded by industry veteran Sam Soni and backed by Clearlake Capital Group. This collaboration marks the beginning of a strategic initiative, including the establishment of an innovative Global Capability Center for engineering roles in Hyderabad, India. Victory Live's Chief Technology Officer Sathish Gaddipati explained: "The launch of the Global Capability Center in Hyderabad, in partnership with Aeries Technology, represents a strategic leap forward for Victory Live. This GCC is more than a geographic expansion. It represents our commitment to leveraging global technology talent and optimizing operational efficiencies. By bringing together diverse teams from across the globe, we are setting new standards in the ticketing industry and redefining what is possible through collaboration and innovation."
PBLA

Hot Stocks

08:11 EDT Panbela Therapeutics announces oral presentation at Digestive Disease Week - Panbela Therapeutics announces an oral presentation at the Digestive Disease Week conference, which was held May 18-21, 2024. The work reflects the Company's on-going collaboration with Vanderbilt University Medical Center. "Gastric adenocarcinoma is the fifth leading global cause of cancer mortality and leading infection-associated cancer. In the U.S., gastric adenocarcinoma represents a major cancer disparity, with incidence rates 2-3 times or more greater in all non-white populations. Patients with gastric premalignant conditions, intestinal metaplasia and atrophic gastritis, represent a high unmet need for chemopreventative approaches," said Dr. Douglas R. Morgan, UAB Division of Gastroenterology and Hepatology, The University of Alabama at Birmingham, AL and Dr. Keith T. Wilson, Division of Gastroenterology and Hepatology, Vanderbilt University Medical Center, Nashville, TN. A National Cancer Institute funded, Phase IIa placebo-controlled Randomized Clinical Trial of eflornithine in patients with gastric premalignant conditions was conducted between September 2016 and December 2022 in rural Honduras and Puerto Rico and was an oral presentation at DDW by Dr. Wilson on May 21, 2024. H. pylori positive and negative subjects ages 30-60 were treated with eflornithine or placebo for 18 months, with endoscopy at baseline, and 6, 18, and 24 months. At baseline, 80% of subjects were Hp positive, and 46% and 54% had global histology of atrophy and intestinal metaplasia, respectively. A total of 78, 69, and 55 patients reached the 6-month primary outcome, the end-of-treatment 18 month, and the end-of-study 24 month time points, respectively. Eflornithine treatment was safe and well-tolerated. Overall grade 1-2 adverse events were greater in the placebo group and grade 3 AEs were also higher in the placebo. The results of the study demonstrated that eflornithine reduced DNA damage long-term in patients after completing treatment, as measured by pH2AX immunostaining, a DNA damage marker was significantly lower at the 24 month vs. 18 month time point in the eflornithine group and unchanged in the placebo group.
SPXC XRAY

Hot Stocks

08:11 EDT SPX Technologies appoints Johnson as Chief Legal Officer - SPX Technologies (SPXC) announces the appointment of Cheree Johnson as its new Chief Legal Officer and Secretary, effective June 10, 2024. She succeeds John Nurkin, who earlier this year announced his decision to retire. Johnson has over 20 years of senior executive experience. Johnson joins SPX from Dentsply Sirona (XRAY) where, as the senior vice president, Chief Legal Officer, General Counsel & Secretary.
INNV

Hot Stocks

08:10 EDT InnovAge announces $5M share repurchase program - InnovAge Holding announced that its Board of Directors has approved a share repurchase program that authorizes the Company to repurchase up to $5.0 million of its common stock.
AGRI

Hot Stocks

08:09 EDT AgriFORCE Growing Systems granted new U.S. patent - AgriFORCE Growing Systems announces the granting of U.S. Patent B2, titled, "Automated Growing Systems" by the United States Patent and Trademark Office, USPTO. The patent adds to the Company's intellectual property portfolio connected to agriculture and agribusiness. The patent, which covers moving multiple production lines of either vegetation or flowering plants to different areas of a growing facility using conveyor belts and other mechanisms. The Company believes there are opportunities to incorporate this technology into their existing innovations for indoor growing facilities.
MCHP

Hot Stocks

08:09 EDT Microchip announces On-Board Charger solution - Microchip Technology announces an On-Board Charger solution that uses a selection of its automotive-qualified digital, analog, connectivity and power devices, including the dsPIC33C Digital Signal Controller, the MCP14C1 isolated SiC gate driver and mSiC MOSFETs in an industry-standard D2PAK-7L XL package. This solution is designed to increase an OBC system's efficiency and reliability by leveraging the dsPIC33 DSC's advanced control functions, the MCP14C1 gate driver's high-voltage reinforced isolation with robust noise immunity and the mSiC MOSFETs' reduced switching losses and improved thermal management capabilities. To further simplify the supply chain for customers, Microchip provides the key technologies that support the other functions of an OBC, including communication interfaces, security, sensors, memory and timing.
ADUS

Hot Stocks

08:08 EDT Addus HomeCare to acquire personal care operations of Gentiva for $350M - Addus HomeCare announced a definitive agreement to acquire the personal care operations of Gentiva for an anticipated purchase price, after customary purchase price adjustments, of approximately $350M. Based in Atlanta, Georgia, Gentiva is a dedicated hospice, palliative, and personal care services company and the transaction relates only to its personal care operations, which serve over 16,000 patients per day in a seven-state service area of Arizona, Arkansas, California, Missouri, North Carolina, Tennessee and Texas. Addus expects to close the transaction following completion of regulatory approvals and subject to customary closing conditions. Addus will fund the acquisition through the company's existing revolving credit facility. BofA Securities, Inc. is serving as an exclusive financial advisor and Bass Berry & Sims PLC is serving as legal counsel to Addus in this transaction. Goldman Sachs & Co. LLC is serving as financial advisor and Debevoise & Plimpton LLP and Ropes & Gray LLP are serving as legal counsel to Gentiva.
MLTX

Hot Stocks

08:08 EDT MoonLake Immunotherapeutics announces regulatory feedback from FDA, EMA - MoonLake Immunotherapeutics announced the successful outcome of its end-of-Phase 2 interactions with the U.S. Food and Drug Administration, FDA,, as well as positive feedback from its interactions with the E.U. European Medicines Agency, EMA, with both regulatory bodies unanimously supporting MoonLake's proposed approach for advancing its Phase 3 program of the Nanobody sonelokimab in psoriatic arthritis. The Phase 3 program, named IZAR, is expected to enroll around 1,500 patients and in combination with data from the Phase 2 ARGO trial is designed to support both a Biologics License Application and E.U. Marketing Authorization Application. The readout of the primary endpoint is anticipated at the end of 2026.
FTNT

Hot Stocks

08:07 EDT Fortinet to acquire Lacework, terms not disclosed - Fortinet has entered into a definitive agreement to acquire Lacework, the data-driven cloud security company. Lacework delivers a leading AI-powered cloud security platform that seamlessly integrates all critical CNAPP services. With patented AI and machine learning technology, an agent and agentless architecture for data collection, a homegrown data lake, and a powerful code security offering, Lacework is trusted by nearly 1,000 customers to deliver comprehensive security from code to cloud. Fortinet intends to integrate Lacework's CNAPP solution into Fortinet's Unified SASE offering, forming one of the most comprehensive, full stack AI-driven cloud security platforms available from a single vendor. This will help customers identify, prioritize, and remediate risks and threats in complex cloud-native infrastructure from code to cloud. This strategic acquisition aligns with Fortinet's growth strategy in the Unified SASE market, which includes solutions for securing access and cloud, and underscores the company's commitment to innovation and integration. As part of the acquisition, Fortinet is committed to a seamless transition for Lacework customers and partners. Backed by Fortinet's proven leadership and expertise, Lacework customers will be able to benefit from access to Fortinet's global reach, extensive scale, vast resources, and industry-leading threat intelligence while continuing to leverage their existing security infrastructure investments. Financial terms of the transaction were not disclosed. The transaction, which is expected to close in the second half of 2024, is subject to required regulatory approvals and other customary closing conditions.
ASO DASH

Hot Stocks

08:07 EDT Academy Sports announces new exclusive partnership with DoorDash - Academy Sports + Outdoors (ASO) announced a new exclusive partnership with DoorDash (DASH) to offer on-demand delivery from Academy's 285 stores across 19 states during the upcoming Back-to-School season. Academy products can be ordered directly through the DoorDash app, helping consumers easily pursue their sports and outdoors passions by shopping for items they need delivered on the same day, in under an hour on average.
NOVA

Hot Stocks

08:07 EDT Sunnova Energy CFO Robert Lane departs, Eric Williams succeeds - Sunnova Energy announced that Eric Williams has been appointed executive VP, CFO, effective June 10. Williams is a seasoned finance executive with more than 20 years of experience across multiple industries. He has worked in the energy industry for the past 13 years of his career, most recently as CFO and executive VP of Diversified Energy Company. During his tenure with Diversified, Williams established the company's asset backed securitization structure and, in total, led the issuance of approximately $2B in securitized debt. Williams will replace Robert Lane, who served as Sunnova's executive VP, CFO from May 2019 to June.
UUUU

Hot Stocks

08:06 EDT Energy Fuels achieves commercial production of NdPr at White Mesa Mill - Energy Fuels is pleased to announce that it has achieved commercial production of separated neodymium-praseodymium at its White Mesa Mill in Utah. Critically, the NdPr produced by Energy Fuels' meets the applicable product specifications of REE metal-makers, who specialize in the manufacture of REE-based alloys required for the permanent magnets widely used for electric motors in both battery powered electric vehicles and dual power hybrids. Further, this 'on-spec' NdPr is now able to be produced by Energy Fuels at the full design capacity of its new Phase 1 REE separation circuit (850 to 1,000 metric tons of NdPr per year). The company expects to have commercial quantities of separated NdPr available for shipment by the end of June 2024. Energy Fuels believes this is the first time in several decades that a U.S. company has produced on-spec separated REE's from monazite on a commercial scale.
ABM

Hot Stocks

08:06 EDT ABM, Rezcomm collaborate to enhance ABM Vantage platform - ABM has announced the next evolution of ABM Vantage. ABM has entered into a strategic partnership with Rezcomm to further customize, enhance, and scale the ABM Vantage platform for a wider range of parking clients across commercial real estate, aviation, and more. ABM and Rezcomm will showcase the enhanced ABM Vantage collaboration at the 2024 IPMI Parking & Mobility Expo on June 9th to 12th in Columbus, OH. First launched in 2022, ABM Vantage is an integrated mobility solution that consolidates parking data, maximizes revenue, and empowers parking operations to gain greater efficiencies and make proactive decisions based on data insights, all while delivering a seamless driver experience. The partnership with Rezcomm will support further growth with increased ability to scale quickly, while remaining tech agnostic and focused on the changing needs of both drivers and parking operators
PEGY

Hot Stocks

08:06 EDT Pineapple Energy announces for 1-for-15 reverse stock split - Pineapple Energy announced that effective on June 12, 2024, the Company will implement a 1-for-15 reverse stock split of its outstanding common stock. The Company's common stock will continue to trade under the symbol "PEGY" and it is expected to open for trading on Nasdaq on June 12, 2024 on a post-split basis. The reverse stock split is primarily intended to increase the market price per share of the Company's common stock to regain compliance with the continued listing requirements of The Nasdaq Capital Market. The Company intends to continue to pursue additional actions to satisfy the exchange's other continued listing requirements.
ASMB

Hot Stocks

08:05 EDT Assembly Biosciences doses first participant in Phase 1a/b trial of ABI-5366 - Assembly Biosciences announced that the first participant has been dosed in the Phase 1a/b trial of its long-acting herpes simplex virus, HSV, helicase-primase inhibitor candidate ABI-5366. "We are pleased to advance ABI-5366 into clinical development for recurrent genital herpes, a disease which significantly impacts the lives of millions of people, and where no new therapeutic options have been approved in over 25 years," said Anuj Gaggar, MD, PhD, chief medical officer of Assembly Bio. "Importantly, since the HSV helicase-primase is a clinically validated viral target, the PK data from healthy participants in the Phase 1a part of this study will enable us to assess the ability of ABI-5366 to achieve the target concentrations we have established for antiviral efficacy and to support a once-weekly oral dosing profile. These data will also inform our dose selection for the multiple ascending dose Phase 1b part of the study, where we will evaluate viral and clinical outcomes in individuals with recurrent genital herpes."
AMIX

Hot Stocks

08:05 EDT Autonomix to announce preliminary topline results from ongoing human trial - Autonomix Medical announced it will release preliminary results from the first five "lead-in" patients in the Company's ongoing proof-of-concept human clinical trial evaluating the safety and effectiveness of delivering transvascular energy to ablate relevant problematic nerves and mitigate pain in patients with pancreatic cancer pain on Tuesday, June 18, 2024.
CNDT

Hot Stocks

08:04 EDT Conduent to repurchase all shares held by Carl Icahn for $132M - Conduent announced that it entered into and consummated a share purchase agreement to repurchase all of the shares of the company's common stock beneficially owned by Carl Icahn through certain of his affiliates at a purchase price of $3.47 per share, the closing price of the company's common shares on June 7, the last full trading day prior to the execution of the purchase agreement. The aggregate purchase price for the repurchase is approximately $132M, which was funded from Conduent's cash on hand and existing credit facility. Following the purchase, the Icahn parties no longer hold any Conduent common shares. In connection with the transaction, Hunter Gary, Jesse Lynn and Steven Miller, who are employed by the Icahn Parties, have resigned from the company's board of directors. The transaction was unanimously recommended to Conduent's board by a special transaction committee of the board, comprised solely of independent directors. The special transaction committee was advised by independent legal and financial advisors. The entire board, except for members employed by Icahn Parties, who recused themselves from the vote, voted in favor of the transaction.
PWFL

Hot Stocks

08:04 EDT PowerFleet set to join Russell 2000 Index - Powerfleet announced that they are set to join the small-cap Russell 2000 Index at the conclusion of the 2024 Russell US Indexes annual reconstitution, effective at the open of US equity markets on Monday, July 1, 2024, according to a preliminary list of additions posted Friday, May 24.
MNPR

Hot Stocks

08:04 EDT Monopar Therapeutics presents data showcasing appeal of uPAR - Monopar Therapeutics is presenting data from the preclinical development of its novel first-in-class lead radiopharma program MNPR-101-Zr at the 2024 Society of Nuclear Medicine and Molecular Imaging, SNMMI, Annual Meeting in Toronto, Canada. SNMMI is the premier educational, scientific, and research event in the radiopharma space. Monopar's poster highlights the potential promise of both the urokinase plasminogen activator receptor as a radiopharma cancer target for solid tumors as well as MNPR-101 as a targeting agent against uPAR. The data presented demonstrate robust, durable tumor uptake of Zr-89 radiolabeled MNPR-101 in human tumor xenograft mouse models of triple-negative breast, colorectal, and pancreatic cancers. Monopar's optimization of the MNPR-101-Zr construct achieved markedly higher tumor uptake and drug stability while minimizing accumulation in bone and healthy tissue.
CVU ERJ

Hot Stocks

08:04 EDT CPI Aerostructures receives $3.1M order from Embraer - CPI Aerostructures (CVU) announced that Embraer S.A. of Brazil (ERJ) has placed several additional orders against a previously announced Long Term Agreement to manufacture engine inlet assemblies for the Embraer Phenom 300 business jets. These new orders will see deliveries continue through mid-2025.
ABT

Hot Stocks

08:03 EDT Abbott receives FDA approval for two new OTC CGM systems - Abbott announced U.S. FDA clearance for two new over-the-counter continuous glucose monitoring systems - Lingo and Libre Rio, which are based on Abbott's world-leading FreeStyle Libre continuous glucose monitoring technology, now used by about 6M people globally. The newly cleared systems have been intentionally designed to meet different needs - Lingo for consumers who want to better understand and improve their health and wellness, and Libre Rio for adults with Type 2 diabetes who do not use insulin and typically manage their diabetes through lifestyle modifications.
ALCO

Hot Stocks

08:03 EDT Alico announces new supply contract with Tropicana - Alico announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citrus fruit sold to Tropicana last season. Alico has another supply contract with Tropicana that remains in effect through the 2024-25 harvest season. John Kiernan, Alico's President and Chief Executive Officer, commented, "We are pleased to announce that we have extended our relationship with our largest customer for three additional years. Alico is proud of the successful business relationship we have been able to develop with Tropicana Brands over the past decade and we are both committed to meeting the challenges facing the Florida citrus industry together with near-term patience and long-term focus. This new supply agreement, in addition to our other continuing agreement, commit the majority of our citrus fruit at more certain pricing provisions over the next several seasons."
OXBR

Hot Stocks

08:03 EDT Oxbridge Re Holdings to evaluate strategic alternatives - Oxbridge Re Holdings announced that its Board of Directors has initiated a process to evaluate strategic alternatives to maximize shareholder value. As part of the evaluation process, the Company will consider a full range of strategic alternatives for the Company, and/or its Web-3 division subsidiary SurancePlus Holdings Ltd, including a sale, spinout, merger, divestiture, recapitalization, and other strategic transactions, or continuing to operate as a public, independent company. The Company cannot assure that its evaluation will result in the Company and/or its subsidiaries pursuing a transaction or that any transaction, if pursued, will be completed on attractive terms. The Board has not set a timetable for the conclusion of this review. There can be no assurance that the review will result in any transaction or other strategic change or outcome. The Company does not intend to comment further until it determines that further disclosure is appropriate or necessary.
RTX

Hot Stocks

08:02 EDT RTX's Raytheon wins $677M U.S. Navy contract for SPY-6 family of radars - Raytheon, an RTX business, was awarded a $677M contract to continue to produce AN/SPY-6 radars for the U.S. Navy. This is the third option exercised from the March 2022 hardware, production and sustainment contract that is valued up to $3B over five years. Under this contract, the U.S. Navy will receive seven additional radars, increasing the total amount of radars under contract for procurement to 38.
EHAB

Hot Stocks

08:00 EDT Enhabit files definitive proxy materials and mails letter to stockholders - Enhabit announced that it has filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming 2024 annual meeting of stockholders scheduled for July 25, 2024. Stockholders of record as of the close of business on June are entitled to vote at the 2024 Annual Meeting. In connection with the filing of its definitive proxy statement, Enhabit is mailing a letter to stockholders. Enhabit's definitive proxy materials and other materials regarding the Board of Directors' recommendation for the 2024 Annual Meeting can be found at investors.ehab.com. Dear Fellow Stockholder, "At our upcoming 2024 Annual Meeting of Stockholders you will have an important decision to make about the future of Enhabit Home Health & Hospice - whether our Board should be replaced and control of Enhabit handed to one of our stockholders, AREX Capital Management . Your current Board unanimously believes the answer to this question is emphatically, no. Allow us to explain. Previously a subsidiary of Encompass Health Corporation Enhabit has been a public company for just seven full quarters. Neither our financial results nor our stock performance has satisfied expectations during this period and certainly have not met the standard your Board has set for Enhabit. This is due to a variety of factors, including the structure and condition of our Company at the time of the spin-off, as well as industry headwinds that were exacerbated due to our business mix. We also experienced a few operational missteps, which did not meet the high standards we have set for ourselves."
VSTO

Hot Stocks

07:56 EDT Vista Outdoor rejects indication of interest from MNC Capital - Vista Outdoor announced that its board, following consultation with its financial and legal advisors, has rejected the unsolicited indication of interest received from MNC Capital pursuant to which MNC expressed interest in acquiring Vista Outdoor in an all-cash transaction for $39.50 per Vista Outdoor share. The company said, "After a thorough evaluation of the merits and risks of MNC's latest indication of interest, the Vista Outdoor Board has determined that MNC's latest indication of interest would not be more favorable to Vista Outdoor stockholders from a financial point of view than, and would not reasonably be expected to be superior to, the transactions contemplated by the Czechoslovak Group a.s. ("CSG") merger agreement. The Vista Outdoor Board has therefore rejected MNC's latest indication of interest. Vista Outdoor filed a supplemental presentation with the U.S. Securities and Exchange Commission ("SEC") highlighting the Company's extensive engagement with MNC and the reasons for the Board's determination that MNC's latest indication of interest continues to undervalue the Company. The Company today issued a separate press release confirming receipt of a $2+ billion indication of interest from a U.S. based private investment firm ("an alternative party") for The Kinetic Group. The Board of Directors has determined the indication of interest from the alternative party would reasonably be expected to lead to a superior proposal and meets the standard for engagement under the terms of the CSG merger agreement. The Company remains bound by the terms of the merger agreement with CSG, and the Vista Outdoor Board continues to recommend the acquisition of The Kinetic Group by CSG."
VSTO

Hot Stocks

07:54 EDT Vista Outdoor receives $2.01B alternative offer for The Kinetic Group - Vista Outdoor confirmed that it received an indication of interest from a U.S. based private investment firm, which was involved in the prior sales process for The Kinetic Group in 2023, pursuant to which the alternative party would acquire The Kinetic Group for $2.01B in cash, on a cash-free, debt-free basis. The $47.75M break fee payable to Czechoslovak Group in the event that Vista Outdoor determined to terminate the merger agreement with CSG and enter into a transaction with the alternative party would be payable by Vista Outdoor. The alternative party stated that it would commit to fully supporting the purchase price and is prepared to execute definitive agreements no later than June 14. The board of directors has determined the indication of interest from the alternative party would reasonably be expected to lead to a superior proposal and meets the standard for engagement under the terms of the CSG merger agreement. The company remains bound by the terms of the merger agreement with CSG, and the Vista Outdoor Board continues to recommend the acquisition of The Kinetic Group by CSG. In addition, Vista Outdoor continues to be confident that it will receive clearance from the Committee on Foreign Investment in the United States, or CFIUS, with respect to the proposed transaction with CSG and that all other closing conditions will be satisfied. There can be no assurance that the Vista Outdoor Board will ultimately determine that the indication of interest from the alternative party is a superior proposal, that the terms of a transaction with the alternative party will be the same as those reflected in its indication of interest or that any transaction with the alternative party will be agreed to or consummated.
HBAN

Hot Stocks

07:41 EDT Huntington Bancshares sees FY NII down 1%-4% - Previously forecast FY24 NII down 2% to up 2%. Comments taken from slides being presented at Morgan Stanley's US Financials, Payments & CRE Conference.
VIRT

Hot Stocks

07:41 EDT Virtu announces proposed private offering of $500M Senior First Lien Notes - Virtu Financial announced that its subsidiaries, VFH Parent and Valor Co-Issuer, intend to offer $500 million aggregate principal amount of senior first lien notes due 2031 in an opportunistic private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended. The notes will be fully and unconditionally guaranteed on a senior secured first-lien basis by Virtu Financial and each of Virtu Financial's existing and future wholly owned domestic subsidiaries that guarantee, or are borrowers under, the Issuer's senior secured first lien credit facilities. The Offering remains subject to market and other customary conditions. The Issuers intend to use the proceeds of the Offering to repay $500 million aggregate principal amount outstanding under the Issuer's existing senior secured first lien term loan facility. Concurrently with the consummation of the Offering, the Issuer intends to amend its existing credit agreement to provide for a $1,245 million senior secured first lien term loan facility, increase the commitments under its existing senior secured first lien revolving credit facility to $300 million and extend the maturity thereof and amend certain other provisions of its existing credit agreement. If the closing of the amended credit facilities is successfully consummated, the Issuer intends to use the proceeds from the new term loan facility to repay all remaining amounts outstanding under the existing term loan facility. The Issuer intends to use cash on hand to pay discounts, fees, commissions and expenses of the Offering, the closing of the amended credit facilities and the refinancing of the existing term loan facility. The closing of the amended credit facilities remains subject to market and other customary conditions. The consummation of the Offering is not contingent upon the closing of the amended credit facilities. The closing of the amended credit facilities is not contingent upon the consummation of the Offering.
MNST

Hot Stocks

07:39 EDT Monster Beverage announces final results of tender offer - Monster Beverage announced the final results of its modified "Dutch auction" tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024. Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monster's common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, which includes shares that were tendered through notice of guaranteed delivery at the final purchase price of $53.00 per share or as purchase price tenders. In accordance with the terms and conditions of the tender offer, Monster accepted for purchase a total of 56,603,773 shares of its common stock, representing approximately 5.4% of the shares issued and outstanding immediately prior to the completion of the purchase, at the final purchase price of $53.00 per share, for an aggregate purchase price of approximately $3.0 billion, excluding fees and expenses relating to the tender offer. Because the number of shares tendered at the final purchase price of $53.00 per share or as purchase price tenders would have exceeded the aggregate purchase price of the tender offer, shares were accepted for purchase on a pro rata basis, except for tenders of "odd lots," which will be accepted in full, and conditional tenders that will automatically be regarded as withdrawn because the condition was not satisfied. Monster has been informed by the depositary that the final proration factor for the tender offer is approximately 47.18%. The depositary will promptly pay for all the shares accepted for purchase pursuant to the tender offer and will return all other shares tendered and not purchased. Rodney Sacks and Hilton Schlosberg, who are Monster's Co-CEOs and members of the Board of Directors, tendered 608,114 and 350,000 shares, respectively, that they beneficially own. Of these shares, 286,918 and 165,135, respectively, were accepted for purchase by Monster in the tender offer. Sterling Trustees LLC, which controls certain trusts and entities for the benefit of certain family members of Messrs. Sacks and Schlosberg, tendered 8,450,000 shares on behalf of such trusts and entities. Of these shares, 3,986,853 were accepted for purchase by Monster in the tender offer.
VHIBF

Hot Stocks

07:38 EDT Vitalhub acquires Premier I.T. Partnership for initial cash payment of GBP 2.17M - VitalHub has acquired Premier I.T. Partnership Limited, a company incorporated and existing under the laws of England and Wales. Premier IT offers workforce planning, development and performance solutions for the healthcare sector that optimizes the deployment of resources, improves transparency and fairness, and ensures that staff can spend more time safely and confidently doing the things that matter. These solutions encompass appraisal and revalidation needs for doctors and nurses, multi-source feedback, e-rostering, job planning, and healthcare compliant learning management systems solutions. Premier IT proudly provides these services to over 125 customer organizations empowering thousands of daily users in the United Kingdom. VitalHub acquired Premier IT from its shareholders for a cash payment of GBP 2,166,718, with an additional opportunity to earn up to GBP 472,849 over the course of two years post Acquisition by achieving specific financial milestones. A portion of the proceeds will be held in escrow following closing of the Acquisition. As of the Acquisition, Premier IT had estimated annualized contracted revenues of GBP 1,300,000 of which substantially all were identified to be recurring in nature from its wide-ranging customer base, which underscores the Acquisition's strategic fit within VitalHub's portfolio.
NICE

Hot Stocks

07:38 EDT Nice announces new $500M share repurchase plan - Nice announced that its board of directors has authorized a new $500M share repurchase program. At the same time, the company plans to accelerate the execution of its current $300M share buyback.
RVVTF

Hot Stocks

07:37 EDT Revive provides update from FDA meeting for Long COVID diagnostic product - Revive Therapeutics announced an update on the meeting written responses received by the Company from the U.S. Food & Drug Administration, FDA, of the Revive LC POC Lateral Flow Test Kit for feedback on the classification, development and regulatory submission strategy for a point-of-care in vitro diagnostic device that aids in the detection of post COVID-19 conditions. The FDA has determined that the Product should follow the De Novo regulatory pathway, and the Company would be required to conduct a clinical study for the De Novo submission for possible approval. "We agree with the FDA feedback and with their recommendations that provides a pathway for the development of the Revive LC POC Lateral Flow Test Kit in the detection of long COVID," said Michael Frank, CEO of Revive. "We will now discuss the proposed development plan and timelines with potential contract manufacturers."
NICE

Hot Stocks

07:37 EDT Nice awarded largest-ever CXone deal in APAC region - Nice announced a win in the APAC region. CXone will displace current legacy incumbents and will enable the customer to modernize and elevate their customer service practice in the CX AI era with one unified platform that covers all customer touchpoints.
AYRWF IIPR

Hot Stocks

07:37 EDT Ayr Wellness secures real estate financing for Florida indoor cultivation - AYR Wellness (AYRWF) announced the closing of a triple-net lease transaction with Innovative Industrial Properties (IIPR) in the State of Florida. Under the terms of the agreement, AYR is leasing a 16-acre property comprising of 145,000 square feet of industrial space in Ocala, Florida from IIP. AYR plans to redevelop a 98,000 square foot building within the property to serve as a regulated cannabis cultivation facility. IIP has committed to funding AYR up to $30.0 million for the construction.
PYXS SNDX

Hot Stocks

07:36 EDT Pyxis Oncology appoints Metzger to board of directors - Pyxis Oncology (PYXS) announced the appointment of Michael Metzger to its Board of Directors, effective June 10, 2024. Metzger has over 25 years of experience in the biopharmaceutical sector, currently serving as Chief Executive Officer and as a member of the Board of Directors of Syndax Pharmaceuticals (SNDX) since 2015.
ORZCF

Hot Stocks

07:36 EDT Orezone Gold appoints Sean Harvey as board chair - Orezone Gold Corporation reports that all resolutions from the Company's annual general and special meeting of shareholders held on June 7, 2024 were approved with 61.45% of the total issued and outstanding shares of the Company represented at the Meeting. Following the Meeting, the directors of the Company appointed Mr. Sean Harvey as Chair of the board of directors. Additional matters approved at the Meeting are as follows: The number of directors was fixed at eight. The amendment to increase the number of common shares reserved under the Company's Restricted Share Unit Plan by 7,500,000 common shares for a total of 15,000,000 common shares was approved. The amendment to increase the number of common shares reserved under the Company's Deferred Share Unit Plan by 2,500,000 common shares for a total of 5,000,000 common shares was approved. The Advance Notice By-Law was ratified and approved. Deloitte LLP was appointed as auditors for the fiscal year ending December 31, 2024, and the board of directors was authorized to fix their remuneration.
PAR BAH

Hot Stocks

07:35 EDT Par Technology announces sale of government subsidiaries for $102M combined - Par Technology (PAR) announced that it has agreed to the sale of its Government operating segment via the sale of its wholly owned subsidiaries: PAR Government Systems Corporation, or PGSC, and Rome Research Corporation, or RRC, for a combined total of $102 million. PAR announced it has completed the sale of 100% of the issued and outstanding equity interests of PGSC to Booz Allen Hamilton (BAH) in a simultaneous sign and close of the transaction on June 7. Par has also entered into a definitive acquisition agreement to sell RRC to NexTech Solutions Holdings. Pursuant to the definitive acquisition agreement, NTS will acquire 100% of the issued and outstanding equity interests of RRC with an expected close by the end of Q2.
NOTV

Hot Stocks

07:35 EDT Inotiv provides business updates - Inotiv provided the following business updates: Hillcrest, U.K. expansion project completed; Extension of the maturity date of the $3.7 million OBRC payable note to July 2025. Robert Leasure Jr., President and Chief Executive Officer, commented, "We have substantially completed the Hillcrest, U.K. expansion and improvements, which allows for two new customers with long term contracts, to begin occupying their new space at this facility and for the transfer of our Blackthorn, U.K. operations into Hillcrest. The Hillcrest project has been another significant part of our transformation plan which we initiated in 2022. The transformation has included multiple site closures, significant investments in remaining facilities to support growth, and included investments in infrastructure, animal welfare and safety improvements."
RDW

Hot Stocks

07:34 EDT Redwire develops ROSA wings for Thales satellites, terms undisclosed - Redwire Corporation announced it will develop and deliver Roll-Out Solar Array or ROSA wings for Thales Alenia Space's Space Inspire* satellites, the company's newest product line of geostationary GEO telecommunications satellites. A joint venture between Thales and Leonardo , Thales Alenia Space is a leading prime manufacturer providing space solutions for telecommunications, Earth observation, exploration, and navigation. The cooperation between the two companies on this project was initiated last year. "Redwire is proud to be a trusted supplier for Thales Alenia Space's innovative Space Inspire satellite solution that will provide unprecedented flexibility for the GEO telecommunications market," said Mike Gold, Redwire's Chief Growth Officer. "Leveraging unmatched innovation and a 100% on-orbit success rate, Redwire's ROSA technology has become the power solution of choice for today's most cutting-edge missions and platforms from LEO to GEO and beyond."
TWLV

Hot Stocks

07:34 EDT Twelve Seas Investment Company II announces plan to liquidate - Twelve Seas Investment Company II announced that its board of directors has determined not to implement the extension of the date by which the Company must consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses from June 2, 2024 to December 2, 2024, or such earlier date as determined by the Board that was approved on May 28, 2024 at a special meeting of stockholders and it intends to liquidate the Company instead. The Board made these determinations based on its belief that the Company would be unable to consummate a Business Combination by August 26, 2024, the deadline provided by the Nasdaq Stock Market LLC Hearings Panel following a hearing held on May 2, 2024 regarding the Company's non-compliance with Nasdaq Listing Rule IM-5101-2 and Nasdaq Listing Rule 5250(c)(1). Consequently, all shares submitted by stockholders for redemption in connection with the Meeting are being returned to such redeeming stockholders per the terms of the Third Extension as set forth in the Company's Definitive Preliminary Proxy Statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on May 14, 2024. On June 4, 2024, the Company notified the Panel of its decision to withdraw from the hearings process and on June 6, 2024, the Company received confirmation from the staff of the Listing Qualifications Department of Nasdaq about the withdrawal decision. As a result of the Company withdrawing its appeal, its public securities will be suspended from trading on the Nasdaq Capital Market at the open of business on June 10, 2024. The Company's public securities will then begin trading on the over-the-counter market on June 10, 2024, under the same trading symbols, "TWLV", TWLVU" and "TWLVW". On June 4, 2024, the Board also determined that it is in the best interests of the Company's stockholders for the Company to not utilize the Third Extension and instead to cease all operations except for the purpose of winding up as soon as practicable, as promptly as reasonably possible redeem the shares of Class A common stock that were included in the units issued in the Company's initial public offering at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account established in connection with the IPO including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its taxes divided by the number of outstanding Public Shares, which redemption will completely extinguish public stockholders' rights as stockholders, subject to applicable law, and as promptly as reasonably possible following the Redemption, subject to the approval of the Company's remaining stockholders and its Board, liquidate the funds held in the Trust Account and dissolve the Company, subject in each case to its obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. There will be no redemption rights or liquidating distributions with respect to the Company's warrants, which will expire worthless. Twelve Seas Sponsor II LLC, the Company's sponsor, has agreed to waive its redemption rights with respect to the shares of Class B common stock of the Company issued prior to the IPO and shares of the Company's Class A common stock issued upon conversion of the Class B common stock. In order to provide for the disbursement of funds from the Trust Account, the Company has instructed Continental Stock Transfer & Trust Company, as its trustee, to take all necessary actions to effect the Liquidation. The proceeds thereof, less $100,000 of interest to pay dissolution expenses and net of taxes payable, will be held in a trust operating account while awaiting disbursement to the holders of the Public Shares. The Company expects to redeem all of the outstanding Public Shares for an estimated redemption price of approximately $10.558 per share which amount reflects the payment of up to $100,000 of dissolution expenses and the payment of taxes. All other costs and expenses associated with implementing the Dissolution will be funded from proceeds held outside of the Trust Account. Record holders of Public Shares will receive their pro rata portion of the proceeds of the Trust Account by delivering their Public Shares to Continental, the Company's transfer agent. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the Redemption Amount. The Redemption Amount is expected to be paid out within ten business days after the instruction to Continental to commence the Redemption and Liquidation.
LILM

Hot Stocks

07:34 EDT Lilium launches China Legal Entity as part of collab with Bao'an District - Lilium has signed a collaboration agreement with the Shenzhen-based Bao'an District. Under the agreement, Lilium has established its regional headquarters in the district by way of its recently created Chinese entity, meaning "Powerful Wing". The collaboration will establish Lilium as an active and contributing industry player in the region's low altitude economy, supporting relationships with local infrastructure partners, customers, and regulatory authorities. While the partnership initially focuses on the Guangdong-Hong Kong-Macao Greater Bay Area, with a population of over 85 million people, Lilium intends to grow across China and the broader Asia-Pacific region in the future. Lilium appreciates Bao'an District's extensive regional knowledge which is essential to build the foundation for premium eVTOL operations in the Greater Bay Area.
BAH PAR

Hot Stocks

07:33 EDT Booz Allen acquires PGSC from Par Technology, terms undisclosed - Booz Allen (BAH) announced that it has acquired PAR Government Systems Corporation, or PGSC, a wholly owned subsidiary of PAR Technology (PAR). The acquisition will combine PGSC's edge technologies with Booz Allen's mission expertise and digital battlespace solutions to accelerate and transform warfighter technology on the front lines. Founded in 1985 and headquartered in Rome, New York, PGSC delivers differentiated services and solutions in strategic mission areas, including the provision of real-time communications and mobile situational awareness to maintain battlespace dominance. PGSC will integrate into Booz Allen's global defense business led by Sector President Judi Dotson.
STTK

Hot Stocks

07:33 EDT Shattuck Labs announces ODD granted by FDA for SL-172154 - Shattuck Labs announced that the U.S. FDA has granted orphan drug designation, ODD, to lead clinical candidate SL-172154 for the treatment of AML. "AML patients have few options for treatment and a poor prognosis. FDA's decision to grant orphan drug designation to SL-172154 highlights the urgent need for new treatment options," said Taylor Schreiber, M.D., Ph.D., Chief Executive Officer of Shattuck. "This is an important first step in our progression to later-stage clinical studies, and we look forward to presenting additional data from the Phase 1B dose expansion clinical trial of SL-172154 with azacitidine in frontline higher-risk myelodysplastic syndromes and TP53m AML patients during a poster presentation at the European Hematology Association 2024 Congress."
BWAY

Hot Stocks

07:32 EDT Brainsway launches trial evaluating accelerated Deep TMS for depression - BrainsWay announced the initiation of a prospective, randomized, controlled, multicenter clinical trial evaluating an accelerated treatment protocol for the Company's proprietary Deep Transcranial Magnetic Stimulation, Deep TMS, system to treat major depressive disorder. The clinical trial is anticipated to enroll over 100 patients with major depressive disorder who will be split into two groups - one receiving a novel accelerated treatment protocol featuring an acute phase over several treatment days, and the other receiving the FDA-cleared standard-of-care protocol which entails an acute phase over several weeks. The design of this non-inferiority trial, which was determined in discussion with the U.S. Food and Drug Administration, aims to compare the outcomes achieved with the accelerated Deep TMS protocol versus the current standard-of-care Deep TMS protocol.
ED EVRG

Hot Stocks

07:32 EDT Consolidated Edison: Kirkland Andrews to succeed Robert Hoglund as CFO - Consolidated Edison (ED) and Consolidated Edison Company of New York, announced that Robert Hoglund plans to retire from the role of the CFO on July 8, 2024, and will continue to serve as Senior Vice President of Con Edison and CECONY to provide for a smooth transition until his retirement later in 2024. As part of the company's succession plan, Kirkland Andrews will succeed Robert Hoglund as Senior Vice President and CFO, effective July 8, 2024. Andrews joins Con Edison from Evergy (EVRG), where he served as Executive Vice President and CFO. Andrews will report to the Chairman and CEO, Tim Cawley.
BBIO

Hot Stocks

07:31 EDT BridgeBio reports inducement grants under Nasdaq listing rule - BridgeBio Pharma announced that on June 6, 2024, the compensation committee of BridgeBio's board of directors approved equity grants to 18 new employees in restricted stock units for an aggregate of 90,591 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.
CANF

Hot Stocks

07:29 EDT IRB approves Can-Fite's study of efficacy of Namodenoson in treatment of PC - Can-Fite BioPharma announced that it received an approval from the Institutional Review Board IRB of Rabin Medical Center, a leading medical institution in Israel where the study will be conducted. The approved protocol has been submitted now to the Ministry of Health MOH ."This Phase IIa study is designed as an open-label one, enabling us to assess the safety and potential efficacy of Namodenoson in pancreatic cancer patients whose disease has progressed despite first-line treatment...Pathway" for a poster presentation at the AACR Special Conference on Pancreatic Cancer, and from Biomolecules, a scientific journal focused on the function and mechanism of bioactive molecules, which published an article titled "Namodenoson Inhibits the Growth of Pancreatic Carcinoma via Deregulation of the Wnt/ss-catenin, NF-?B, and RAS Signaling Pathways."
CANF

Hot Stocks

07:29 EDT IRB approves Can-Fite's study of efficacy of Namodenoson in treatment of PC - Can-Fite BioPharma announced that it received an approval from the Institutional Review Board IRB of Rabin Medical Center, a leading medical institution in Israel where the study will be conducted. The approved protocol has been submitted now to the Ministry of Health MOH ."This Phase IIa study is designed as an open-label one, enabling us to assess the safety and potential efficacy of Namodenoson in pancreatic cancer patients whose disease has progressed despite first-line treatment...Pathway" for a poster presentation at the AACR Special Conference on Pancreatic Cancer, and from Biomolecules, a scientific journal focused on the function and mechanism of bioactive molecules, which published an article titled "Namodenoson Inhibits the Growth of Pancreatic Carcinoma via Deregulation of the Wnt/ss-catenin, NF-?B, and RAS Signaling Pathways."
CANF

Hot Stocks

07:24 EDT IRB approves Can-Fite's study of efficacy of Namodenoson in treatment of PC - Can-Fite BioPharma announced that it received an approval from the Institutional Review Board IRB of Rabin Medical Center, a leading medical institution in Israel where the study will be conducted. The approved protocol has been submitted now to the Ministry of Health MOH ."This Phase IIa study is designed as an open-label one, enabling us to assess the safety and potential efficacy of Namodenoson in pancreatic cancer patients whose disease has progressed despite first-line treatment...Pathway" for a poster presentation at the AACR Special Conference on Pancreatic Cancer, and from Biomolecules, a scientific journal focused on the function and mechanism of bioactive molecules, which published an article titled "Namodenoson Inhibits the Growth of Pancreatic Carcinoma via Deregulation of the Wnt/ss-catenin, NF-?B, and RAS Signaling Pathways."
NAK

Hot Stocks

07:22 EDT Northern Dynasty files motion to modify EPA complaint by adding new claims - Northern Dynasty and 100%-owned U.S.-based subsidiary Pebble Partnership have filed a motion for leave to file an amended complaint in the federal district court in Alaska to reverse the U.S. Army Corps, or USACE, decision to deny the project a permit. Ron Thiessen, President and CEO of Northern Dynasty, said "It is important to understand that this is not a new lawsuit. It is simply an amendment of the complaint we filed against the Environmental Protection Agency ("EPA") by adding the USACE as another defendant. We think this substantially strengthens the existing case by focusing directly on the permit denial which was an underlying reason for the EPA veto."
BLCO

Hot Stocks

07:18 EDT Bausch + Lomb launches Infuse for Astigmatism daily disposable contacts in U.S. - Bausch + Lomb announced the U.S. introduction of Bausch + Lomb Infuse for Astigmatism daily disposable contact lenses. Engineered with a next-generation lens material infused with ProBalance Technology and the company's proprietary OpticAlign design, Infuse for Astigmatism provides astigmatic patients clear, stable vision, all-day comfort and minimizes contact lens dryness. The company expects to start shipping Infuse for Astigmatism fitting sets to eye care professionals in July.
AONC

Hot Stocks

07:16 EDT American Oncology Network commences OTCQX trading - American Oncology Network announced it has qualified to trade on the OTCQX Best Market. AON previously traded on NASDAQ.
RPTX

Hot Stocks

07:15 EDT Repare Therapeutics doses first patient in camonsertib trial - Repare Therapeutics announced the first patient has been dosed in the company's camonsertib monotherapy non-small cell lung cancer, or NSCLC, expansion of the TRESR clinical trial.
SEDG

Hot Stocks

07:14 EDT SolarEdge CFO Ronen Faier to step down, Ariel Porat to succeed - SolarEdge announced the appointment of Ariel Porat as senior VP, finance. The appointment comes as part of a succession plan for the CFO role at the company. Ronen Faier, who currently serves as the company's CFO, has notified the board of directors of his desire to step down from the CFO role. Faier will continue to serve as the company's CFO for approximately three months at which time and upon the board's formal appointment, Porat is expected to assume the role of CFO of the company. Faier is expected to remain with the company to assist with the transition and work on other strategic projects.
IIPR AYRWF

Hot Stocks

07:14 EDT IIP acquires Florida property from AYR Wellness for $13M - Innovative Industrial Properties or IIP (IIPR) announced that it closed on the acquisition of a 16 acre property comprising 145,000 square feet of industrial space in Ocala, Florida, and entered into a long-term, triple-net lease with a subsidiary of AYR Wellness AYR (AYRWF). The purchase price for the property was $13.M . AYR is expected to redevelop one building on the property comprising 98,000 square feet of industrial space for expected use as a regulated cannabis cultivation facility upon completion, for which IIP has agreed to provide reimbursement of up to $30M . Assuming full reimbursement for the construction, IIP's total investment in the property is expected to be $43 M In addition to this property, IIP owns and leases to AYR one processing facility in Ohio comprising 11,000 square feet.
AYASF

Hot Stocks

07:13 EDT Aya Gold & Silver added to the S&P/TSX Composite Index - Aya Gold & Silver announced that its common shares will be added to the S&P/TSX Composite Index effective prior to the open of trading on June 24, 2024.
TBCRF

Hot Stocks

07:12 EDT Timbercreek Financial announces normal course issuer bid - Timbercreek Financial has obtained the approval of the Toronto Stock Exchange to commence a normal course issuer bid with respect to its common shares. The NCIB will commence on June 12, 2024 and will terminate on the earlier of June 11, 2025 or the date on which the Company has purchased the maximum number of Shares permitted under the NCIB. Under the NCIB, the Company may, over a 12-month period commencing on June 12, 2024, purchase in the normal course through the facilities of the TSX in accordance with its rules or through alternative Canadian trading platforms up to a regulatory maximum of 8,216,051 Shares, such amount representing 10% of the public float of the Shares issued and outstanding as of May 31, 2024. Furthermore, subject to certain exemptions for block purchases, the maximum number of Shares that the Company may acquire on any one trading day is 32,099 Shares, such amount representing 25% of the average daily trading volume of the Shares for the six calendar months prior to the start of the NCIB, being 128,397 Shares. As of May 31, 2024, there were 83,009,516 Shares issued and outstanding. Under the normal course issuer bid which commenced on May 26, 2023 and terminated on May 25, 2024, the Company was authorized to purchase up to 8,305,467 Shares and purchased 765,500 Shares on the open market at a volume weighted average price of $7.02 per Share. Purchases made under the 2023 NCIB were made either through the facilities of the TSX in accordance with its rules or through alternative Canadian trading platforms. All Shares purchased under the 2023 NCIB by the Company were cancelled.
CREX

Hot Stocks

07:10 EDT Creative Realities appoints Schultz as VP, New Business Development - Creative Realities announces the appointment of David Schultz as Vice President, VP, New Business Development, to its leadership team. Schultz brings over 25 years of experience in sales and business development, having held leadership roles at notable companies, most recently with Stratacache.
CRML

Hot Stocks

07:10 EDT Critical Metals to acquire a controlling interest in Tanbreez - Critical Metals announced that it has signed a binding heads of agreement to acquire a controlling interest in the Tanbreez Greenland Rare Earth Mine from Rimbal, a company controlled by geologist Gregory Barnes. The Tanbreez Project is a permitted, globally significant critical minerals asset positioned to unlock a sustainable, reliable and long-term rare earth supply for North America and Europe. Once operational, Tanbreez is expected to supply rare earth elements to customers in the western hemisphere to support the production of a wide range of next-generation commercial products, as well as demand from the defense industry.
ODV

Hot Stocks

07:09 EDT Osisko Development amends $50M credit facility - Osisko Development entered into an amending agreement to the credit agreement with National Bank of Canada made as of March 1, 2024 providing for a $50 million delayed draw term loan, through its wholly-owned subsidiary, Barkerville Gold Mines. The Amendment provides for, among other things: An 8-month extension to the maturity date of the Credit Facility to October 31, 2025. The extension is subject to the Company completing a capital raise of at least $20 million prior to October 31, 2024, otherwise the maturity date reverts to February 28, 2025. Reduction in the mandatory prepayment amount to 50% of each incremental dollar raised in excess of $25 million in respect of certain financings, allowing the Company to preserve 50% of such proceeds. There are no mandatory prepayment requirements for amounts up to $25 million. There are no other material changes to the term of the Credit Facility.
LFSWF

Hot Stocks

07:08 EDT Lifeist's Mikra completes product design, advances shipment date for FOCUS - Lifeist Wellness announces that its U.S. biosciences subsidiary Mikra Cellular Sciences has completed the product design and updated the expected shipment date of FOCUS, its first joint product with Olympic medal winner Jose Bautista. Mikra's new product combines a precision blend of citicoline, tyrosine and pure lion's mane mushroom to deliver superior clarity of cognition and improved memory without any caffeine or stimulants.
AZN

Hot Stocks

07:07 EDT FDA grants priority review to AstraZeneca's Tagrisso for EGFRm NSLC - AstraZeneca's supplemental New Drug Application or sNDA for TAGRISSO or osimertinib, has been accepted and granted Priority Review in the US for the treatment of adult patients with unresectable, Stage III epidermal growth factor receptor-mutated EGFRm non-small cell lung cancer NSCLC after chemoradiotherapy CRT . If approved, TAGRISSO will be indicated for EGFRm patients whose tumors have exon 19 deletions or exon 21 mutations...Susan Galbraith, Executive Vice President, Oncology R&D, AstraZeneca, said: "Priority Review of TAGRISSO in this early-stage curative setting is important for patients who currently have no targeted treatments available. We look forward to close collaboration with the FDA on an accelerated path to bring TAGRISSO to patients as a potential new standard of care as quickly as possible. TAGRISSO continues to serve patients as a backbone therapy in EGFR-mutated lung cancer, extending progression-free survival in the LAURA trial by more than three years and reinforcing the importance of testing for EGFR mutations at the time of diagnosis."
PERI MSFT

Hot Stocks

07:07 EDT Perion Network notified by Microsoft Bing of decision to exclude some publishers - Perion Network (PERI) announced updated Q2 and full-year 2024 financial guidance. In recent days, Perion was notified by Microsoft (MSFT) Bing of its decision to exclude a number of publishers from its search distribution marketplace. Similar notices were provided to other Microsoft Bing search distribution partners. As a result of these actions, in addition to the changes in advertising pricing and mechanisms implemented by Microsoft Bing during the first quarter of 2024, search revenue from the company's agreement with Microsoft Bing is expected to represent less than 5% of Perion's revenue in the second half of 2024. As the company continues to work with other search engines, our agreement with Microsoft Bing is no longer material to Perion. Perion is updating its second quarter and full-year guidance to reflect these actions by Microsoft Bing. While these actions are the primary driver of the reduced EBITDA guidance, Perion has also seen a recent decline in revenue from standard video and display formats. The company believes these declines reflect market conditions as well as a transition to higher premium formats that offer advertisers higher ROI. Perion continues to see increased revenue from higher premium formats but not at a level sufficient to offset the revenue decrease from this change.
SON

Hot Stocks

07:06 EDT Sonoco Products implements $70 per ton increase of URB in the U.S., Canada - Sonoco announced it is implementing a $70 per ton price increase for all grades of uncoated recycled paperboard, URB, in the United States and Canada, effective with shipments beginning July 10, 2024. This price action is necessary to offset increased input costs.
AONC

Hot Stocks

07:06 EDT OTC Markets Group welcomes American Oncology Network to OTCQX - OTC Markets Group announced American Oncology Network has qualified to trade on the OTCQX Best Market. American Oncology Network, Inc. previously traded on NASDAQ.
RNAZ

Hot Stocks

07:05 EDT Transcode Therapeutics regains compliance with Nasdaq listing requirements - TransCode Therapeutics announced that it has received notice from the NASDAQ Stock Market that the Company has regained compliance with all applicable Nasdaq listing standards. As a result, the Company's stock will remain listed and traded on the Nasdaq Stock Market. The Company's hearing before the Nasdaq Hearing Panel scheduled for June 25, 2024, has been cancelled. As previously disclosed, the Company remains subject to a mandatory Nasdaq panel monitor through January 26, 2025.
DTI

Hot Stocks

07:05 EDT Drilling Tools International expects to be added to Russell US Indexes - Drilling Tools International announced that it expects to be added to the Russell 2000, Russell 2500, Russell 3000, Russell Small Cap Completeness Index and Russell Microcap Index as part of the Russell Indexes' 2024 Annual Reconstitution later this month. DTI is expected to be added to these indexes after equity markets close on June 28, 2024 and is expected to begin trading as a component of these indexes when equity markets open on Monday, July 1.
CCCC

Hot Stocks

07:05 EDT C4 Therapeutics appoints Cooper as Chairman of Board of Directors - C4 Therapeutics announced changes to its Board of Directors as part of the Company's aspiration to become a fully integrated biotechnology company. Ron Cooper, a global biopharmaceutical executive experienced across discovery, development and commercialization, has been appointed chairman of C4T's Board of Directors. Bruce Downey, who served as chairman between June 2022 and June 2024, remains a member of the Board of Directors. As part of C4T's continued Board evolution with this appointment, Glenn Dubin, who has served on C4T's Board of Directors since 2021, has decided to step down from the Board of Directors. Ron Cooper most recently served as president and chief executive officer of Albireo Pharma/
SKYE

Hot Stocks

07:05 EDT Skye Bioscience focuses clinical development on nimacimab metabolic program - "In the last year we laid the groundwork for our metabolic program with the goals of diversifying our product portfolio's disease targets and therapeutic mechanisms, while significantly expanding our clinical and business opportunities. With this data outcome from our glaucoma program, we will now focus 100% of our efforts on broadening our metabolic clinical pipeline," said Punit Dhillon, Skye's CEO and Chair. "We believe that Nimacimab's unique mechanism of peripheral CB1 inhibition positions it to potentially contribute to the need for higher-quality, sustainable weight loss and better treatments for co-morbid conditions amidst an incretin-biased anti-obesity therapeutic landscape. We will look forward to sharing updates on this clinical program and advancing Nimacimab through to data in 2025."
SRDX

Hot Stocks

07:05 EDT Surmodics awarded thrombectomy products agreement with Premier - Surmodics announced it has been awarded a group purchasing agreement for thrombectomy products with Premier, Inc. Effective June 1, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for Surmodics Pounce and Pounce Venous Thrombectomy Systems.
APLS

Hot Stocks

07:04 EDT Apellis announces SYFOVRE preserved visual function at 36 months in GALE study - Apellis Pharmaceuticals announced that SYFOVRE preserved visual function at 36 months in patients with geographic atrophy secondary to age-related macular degeneration. These positive data from the GALE long-term extension study were presented at the Clinical Trials at the Summit Meeting on June 8 in Park City, Utah. In a prespecified microperimetry endpoint, patients developed fewer new scotomatous points with 36 months of both continuous monthly and every-other-month treatment compared to patients from the sham crossover group. Scotomatous points measure areas of the retina that have lost all light sensitivity and therefore are no longer functioning.
SKYE

Hot Stocks

07:03 EDT Skye Bioscience to discontinue clinical development related to SBI-100 OE - "The results of this Phase 2a clinical trial of SBI-100 OE unfortunately did not meet our pre-set criteria for continuation and further development of this molecule as an alternative treatment for glaucoma and ocular hypertension. We will continue to evaluate the full data set and intend to publish findings," said Tu Diep, Skye's Chief Development Officer. "We thank the patients and investigators who supported our clinical investigation of SBI-100 OE in this study."
CLDI...

Hot Stocks

07:03 EDT Calidi enters collaboration with Siga Technologies to support RTNova development - Calidi (CLDI) announced that it entered into a collaboration agreement with Siga Technologies (SIGA) in the first quarter of 2024, to support the development of Calidi's systemic and targeted RTNova virotherapy platform, which has the potential to provide a universal treatment for all tumor types. Calidi will initially focus on developing the RTNova platform for lung cancer and metastatic solid tumors which account for the majority of cancer deaths. The long-term collaboration between Calidi and SIGA aims to harness the capabilities of SIGA's TPOXX, an antiviral agent effective against vaccinia virus. The initial focus for the collaboration will be on testing the capacity of TPOXX to become a safety switch to manage RTNova's spread in vivo.
CTSH

Hot Stocks

07:03 EDT Cognizant to acquire Belcan for approximately $1.3B in cash and stock - Cognizant announced it has signed a definitive agreement to acquire Belcan, a portfolio company of AE Industrial Partners and a leading global supplier of Engineering Research & Development services, at a purchase price of approximately $1.3B in cash and stock, subject to customary adjustments. Belcan is an established player in ER&D that provides mission-critical digital engineering services for a long-standing customer base across the commercial aerospace, defense, space, marine and industrial verticals, primarily in North America and the United Kingdom. The revenue the acquired business will contribute to Cognizant in 2024 depends on the timing of the close but is expected to be over $800M on an annualized basis. Revenue from the acquired business has grown at an 8% compound annual growth rate over the last two years. The transaction is anticipated to close in the quarter ending September 30th, 2024, subject to the receipt of required regulatory approvals and other closing conditions. The total purchase price of approximately $1.29B, subject to customary adjustments, comprises $1.19B in cash consideration and a fixed 1.47M Cognizant shares, with a current value of $97M based on Cognizant's closing share price on Friday, June 7, 2024. The cash consideration is expected to be funded through a mix of cash on hand and debt. Cognizant intends to increase its share repurchase plan to maintain current share count guidance of 497M for the full year 2024.
SKYE

Hot Stocks

07:02 EDT Skye Bioscience says Phase 2a trial of SBI-100 OE did not meet primary endpoint - Skye Bioscience announced that its Phase 2a clinical trial of SBI-100 Ophthalmic Emulsion in patients with primary open-angle glaucoma or ocular hypertension did not meet its primary endpoint for lowering intraocular pressure. Skye intends to discontinue clinical development and spending related to SBI-100 OE and any R&D associated with SBI-100, including its ophthalmology pipeline, and direct all clinical development resources to its metabolic program, extending its operating runway into 2027. Skye's Phase 2 obesity clinical trial for its differentiated CB1 inhibitor, Nimacimab, is expected to begin dosing in Q3 2024. In this Phase 2a double-masked, randomized, placebo-controlled trial of SBI-100 OE, 56 patients with elevated IOP diagnosed with POAG or OHT received dosing of 1.0% or 0.5% concentrations of SBI-100 OE, or placebo, consisting of one drop in each eye, twice a day, for 14 days. The primary endpoint was to assess change in diurnal intraocular pressure in the treated arms vs. placebo. The study did not achieve a statistically significant improvement in IOP over placebo. The drug was safe and all treated patients completed the study with no early discontinuations due to adverse events.
CNTA

Hot Stocks

07:02 EDT Centessa appoints Crowley as CFO, Weinhoff as CBO - Centessa Pharmaceuticals announced that John Crowley CPA, has been appointed Chief Financial Officer, CFO, and Gregory Weinhoff, former Chief Financial Officer, has been appointed to the newly created role of Chief Business Officer, CBO, effective June 10, 2024. Crowley most recently served as Chief Financial Officer of Fusion Pharmaceuticals. Weinhoff served as Chief Financial Officer of Centessa from March 2021 to June 2024.
CTSH

Hot Stocks

07:00 EDT Cognizant to acquire Belcan for approximately $1.3B in cash and stock
MRNA

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07:00 EDT Moderna announces mRNA-1083 trial meets primary endpoints - Moderna announced that its Phase 3 trial of mRNA-1083, an investigational combination vaccine against influenza and COVID-19, has met its primary endpoints, eliciting a higher immune response than the licensed comparator vaccines used in the trial. mRNA-1083 comprises components of mRNA-1010, Moderna's vaccine candidate for seasonal influenza, and mRNA-1283, Moderna's next-generation COVID-19 vaccine candidate. Each investigational vaccine has independently demonstrated positive Phase 3 clinical trial results. The ongoing Phase 3 clinical trial is a randomized, observer-blind, active control study evaluating the safety, reactogenicity and immunogenicity of mRNA-1083 in two independent age group cohorts of approximately 4,000 adults each. One cohort, consisting of adults 65 years and older, compared mRNA-1083 to co-administered Fluzone HD, an enhanced influenza vaccine, and Spikevax, Moderna's currently licensed COVID-19 vaccine. The other cohort of adults 50 to 64 years of age compared mRNA-1083 to co-administered, Fluarix(R), a standard dose influenza vaccine, and Spikevax. The immune responses from a single dose of mRNA-1083 were found to be non-inferior versus the co-administered, routinely recommended, licensed comparators. In both age cohorts, mRNA-1083 also elicited statistically significantly higher immune responses against three influenza virus strains and against SARS-CoV-2. In the 65 years and older cohort, overall Geometric Mean Ratios, or GMRs, of the mRNA-1083 group compared to the Fluzone HD group for the influenza strains were 1.155 for A/H1N1, 1.063 for A/H3N2 and 1.118 for B/Victoria. The GMR of mRNA-1083 compared to Spikevax for the SARS-CoV-2 variant Omicron XBB.1.5 was 1.641. In the 50 to 64 years of age cohort the GMRs of the mRNA-1083 group compared to the Fluarix group for the influenza virus strains were 1.414 for A/H1N1, 1.380 for A/H3N2, and 1.216 for B/Victoria. The GMR of mRNA-1083 compared to Spikevax for the SARS-CoV-2 variant Omicron XBB.1.5 was 1.308. Immunogenicity was also tested against the B/Yamagata strain of influenza and mRNA-1083 met non-inferiority criteria in both age cohorts. Due to the disappearance of the B/Yamagata lineage from circulation, WHO has recommended a trivalent influenza vaccine composition without B/Yamagata for 2024/2025 vaccines. mRNA-1083 showed an acceptable tolerability and safety profile. The majority of solicited adverse reactions were grade 1 or 2 in severity and consistent with the licensed vaccines used in the trial. The most commonly solicited adverse reactions were injection site pain, fatigue, myalgia and headache. Moderna plans to present the Phase 3 clinical data for mRNA-1083 at an upcoming medical conference as well as submit it for publication. The company will engage with regulators on next steps.
MRNA

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06:52 EDT Moderna announces 'positive' Phase 3 data for combination flu/COVID vaccine - Moderna announced that its Phase 3 trial of mRNA-1083, an investigational combination vaccine against influenza and COVID-19, has met its primary endpoints, eliciting a higher immune response than the licensed comparator vaccines used in the trial. The ongoing Phase 3 clinical trial is a randomized, observer-blind, active control study evaluating the safety, reactogenicity and immunogenicity of mRNA-1083 in two independent age group cohorts of approximately 4,000 adults each. One cohort, consisting of adults 65 years and older, compared mRNA-1083 to co-administered Fluzone HD, an enhanced influenza vaccine, and Spikevax, Moderna's currently licensed COVID-19 vaccine. The other cohort of adults 50 to 64 years of age compared mRNA-1083 to co-administered, Fluarix, a standard dose influenza vaccine, and Spikevax. The immune responses from a single dose of mRNA-1083 were found to be non-inferior versus the co-administered, routinely recommended, licensed comparators. In both age cohorts, mRNA-1083 also elicited statistically significantly higher immune responses against three influenza virus strains and against SARS-CoV-2. In the 65 years and older cohort, overall Geometric Mean Ratios of the mRNA-1083 group compared to the Fluzone HD group for the influenza strains were 1.155 for A/H1N1, 1.063 for A/H3N2 and 1.118 for B/Victoria. The GMR of mRNA-1083 compared to Spikevax for the SARS-CoV-2 variant Omicron XBB.1.5 was 1.641. "Combination vaccines have the potential to reduce the burden of respiratory viruses on health systems and pharmacies, as well as offer people more convenient vaccination options that could improve compliance and provide stronger protection from seasonal illnesses. Moderna is the only company with a positive Phase 3 flu and COVID combination vaccine. Building on the momentum of positive Phase 3 data across our respiratory portfolio, we continue to address significant unmet medical needs and advance public health," said Stephane Bancel, Chief Executive Officer of Moderna. Moderna plans to present the Phase 3 clinical data for mRNA-1083 at an upcoming medical conference as well as submit it for publication and the company will engage with regulators on next steps, it stated.
ENSV

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06:51 EDT Enservco says NYSE American begins procedures to delist common stock - Enservco announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Enservco from the Exchange. NYSE Regulation has determined that the company is no longer suitable for listing pursuant to Section 1009(a) of the NYSE American Company Guide as the company was unable to attain a minimum of $6.0 million of stockholders' equity by June 9, 2024; the end of the maximum 18-month compliance plan period. The company has a right to a review of staff's determination to delist the common stock by the Listings Qualifications Panel of the Committee for Review of the Board of Directors of the Exchange.
OCN ONIT

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06:49 EDT Ocwen officially starts operating under new name, Onity Group - Onity Group (ONIT) announced that it has officially started operating under its new brand name effective Monday, June 10, replacing its former name, Ocwen Financial (OCN). The company's common stock is expected to begin trading on the New York Stock Exchange under the symbol "ONIT" at market open on June 10.
TDOC

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06:46 EDT Teladoc names Chuck Divita as CEO - Teladoc Health announced that its Board of Directors has appointed Charles "Chuck" Divita, III, as CEO, effective immediately. Concurrent with his role as CEO, Divita has also joined Teladoc Health's Board of Directors as of June 10. Divita joins Teladoc Health from GuideWell, a health solutions organization which includes Florida Blue, the market leading health plan in Florida, where he served as Executive Vice President, Commercial Markets.
GSK

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06:45 EDT GSK reports FDA approves expanded age indication for AREXVY - On Friday night, GSK plc announced that the Food and Drug Administration has approved AREXVY Respiratory Syncytial Virus, or RSV, Vaccine, Adjuvanted, for the prevention of RSV lower respiratory tract disease in adults 50 through 59 years of age who are at increased risk. In the U.S., the vaccine is currently approved for use in adults aged 60 and older and recommended by CDC/ACIP using shared clinical decision-making. Tony Wood, Chief Scientific Officer, GSK, said: "Today's approval reflects the importance of broadening the benefits of RSV immunization to adults aged 50-59 who are at increased risk. For those with underlying medical conditions, RSV can have serious consequences, so we are proud to be the first to help protect them from RSV-LRTD."
AIG CRBG

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06:34 EDT AIG completes deconsolidation of Corebridge Financial - American International Group (AIG) announced it has met the requirements for the deconsolidation of Corebridge Financial (CRBG) for accounting purposes. The deconsolidation is a result of AIG's decision to waive its right to majority representation on the Corebridge Financial Board of Directors and the resignation of Chris Schaper, Executive Vice President, Global Chief Underwriting Officer, AIG, from Corebridge Financial's Board of Directors. Zaffino will continue as Chairman of the Corebridge Financial Board of Directors which has been reduced to 12 members. AIG owns approximately 48.35% of Corebridge Financial's common stock.
PROK

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06:32 EDT ProKidney announces 'positive' interim REGEN-007 Phase 2 trial data - ProKidney announced positive interim results from the Phase 2 REGEN-007 trial evaluating the company's renal autologous cell therapy, rilparencel, in patients with CKD caused by diabetes and provided clinical and operational updates. Management will host a live webcast today at 8:00 a.m. ET to discuss the data. REGEN-007 is an ongoing multi-center Phase 2 open-label 1:1 randomized two-armed trial in patients with diabetes and CKD who have an estimated glomerular filtration rate of 20 - 50 mL/min/1.73m. At randomization, patients are allocated to two treatment groups using different dosing regimens. Group 1 replicates the dosing schedule for our Phase 3 clinical study program in which patients receive two rilparencel injections - one in each kidney, three months apart. Group 2 tests an exploratory dosing regimen to investigate whether physiological triggers, rather than a time-based trigger, could optimize multiple administrations of rilparencel. In Group 2, patients receive a single rilparencel dose in one kidney and a second dose in the contralateral kidney only if triggered by a sustained eGFR decline of greater than or equal to 20%, and/or an increase in the urine albumin to creatinine ratio from baseline of greater than or equal to 30% and greater than or equal to 30 mg/g. In Group 1, as of May 7, 2024, patients with at least 12 months follow-up after the second injection of rilparencel show stabilized kidney function for 18 months (average eGFR change from baseline to 18 months was -1.3 ml/min/1.73m2). Importantly, similar results were observed in a subset of these patients who met key inclusion criteria currently used in our Phase 3 clinical study program (average eGFR change from baseline to 18 months was -0.6 ml/min/1.73m2). Additional analyses will be performed as Group 1 data matures. Twenty-five patients received at least one rilparencel injection in Group 2; 12 patients received a second rilparencel injection based on eGFR criteria or UACR criteria. Patients in Group 2 who received two injections are scheduled to have up to 18 months of follow-up after their second injection. No rilparencel-related serious adverse events were observed across all patients in the study who received at least one rilparencel injection.
AZN

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06:26 EDT AstraZeneca's sNDA for Tagrisso granted Priority Review in U.S. - AstraZeneca's supplemental New Drug Application, sNDA, for has been accepted and granted Priority Review in the US for the treatment of adult patients with unresectable, Stage III epidermal growth factor receptor-mutated non-small cell lung cancer, NSCLC, after chemoradiotherapy, CRT. If approved, Tagrisso will be indicated for EGFRm patients whose tumours have exon 19 deletions or exon 21 mutations. The Prescription Drug User Fee Act date, the FDA action date for their regulatory decision, is anticipated during the fourth quarter of 2024. The sNDA is based on data from the LAURA Phase III trial recently presented during the Plenary Session at the 2024 American Society of Clinical Oncology, ASCO, Annual Meeting and simultaneously published in The New England Journal of Medicine. In the trial, Tagrisso reduced the risk of disease progression or death by 84% compared to placebo as assessed by blinded independent central review. Median progression-free survival was 39.1 months in patients treated with Tagrisso versus 5.6 months for placebo.
LODE

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06:11 EDT Comstock Mining expands partnership with RenFuel - Comstock announced advances on amended agreements with RenFuel involving the development of RenFuel's pre-existing, planned biorefinery project at a pulp and paper mill in Sweden. The amendments also anticipate expanding the scope of the Comstock partnership with RenFuel in the European markets. These amendments support the liquidation of RenFuel K2B Lignolproduktion AB, a majority owned RenFuel subsidiary originally formed to administer RenFuel's previously planned Swedish biorefinery as part of a joint venture with Preem, thereby better positioning both parties for construction and operation of a larger scale commercial facility based on the joint Comstock-RenFuel technologies throughout Europe, following construction of Comstock's first planned facilities in the Americas. The liquidation of the RenFuel-Preem JV does not alter any of the agreements or terms between Comstock and RenFuel, other than Comstock declining its option to step into the JV. Neither Comstock nor RenFuel have any funding obligations into the JV and are not, in any way, subject to any of the liquidation proceedings.
BITF

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06:06 EDT Bitfarms adopts shareholder rights plan - Bitfarms announced that its board has unanimously approved the adoption of a shareholder rights plan pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent, dated June 10. The company said the Rights Plan is being adopted to preserve the integrity of our previously announced strategic alternatives review process and is in the best interests of all Bitfarms' shareholders.
BITF

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06:05 EDT Bitfarms adopts shareholder rights plan - Bitfarms announced that its Board of Directors has unanimously approved the adoption of a shareholder rights plan pursuant to a shareholder rights plan agreement entered into with TSX Trust Company, as rights agent, dated June 10, 2024. "The Rights Plan is being adopted to preserve the integrity of our previously announced strategic alternatives review process and is in the best interests of all Bitfarms' shareholders."
ZYME BGNE

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06:04 EDT Zymeworks: China NMPA accepts BLA for zanidatamab - Zymeworks (ZYME) announced that the Center for Drug Evaluation of the National Medical Products Administration in China has accepted the BLA for zanidatamab for second-line treatment of HER2-positive BTC. Under the terms of Zymeworks' Asia Pacific license and collaboration agreement with BeiGene (BGNE) for the development and commercialization of zanidatamab, Zymeworks is entitled to receive an $8M milestone payment. Zymeworks also remains eligible to receive up to $164M based on additional milestones plus royalties on product sales in the Asia Pacific region. Under the terms of its collaboration with BeiGene regarding zanidatamab, Zymeworks has received $53M in upfront and milestone payments as well as certain co-development funding for zanidatamab clinical studies, not including the $8M milestone payment Zymeworks is eligible to receive in connection with the NMPA's acceptance of the BLA for zanidatamab for second-line treatment of HER2-positive BTC. Through our collaboration with BeiGene on zanidatamab, we remain eligible to receive up to $164M in additional development and commercial milestones together with tiered royalties of up to 19.5% of net sales in BeiGene territories.
ZYME

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06:02 EDT Zymeworks announces China NMPA acceptance of zanidatamab BLA - Zymeworks announced that the Center for Drug Evaluation, or CDE, of the National Medical Products Administration, or NMPA, in China has accepted the BLA for zanidatamab for second-line treatment of HER2-positive BTC. Under the terms of Zymeworks' Asia Pacific license and collaboration agreement with BeiGene for the development and commercialization of zanidatamab, Zymeworks is entitled to receive an $8 million milestone payment. Zymeworks also remains eligible to receive up to $164M based on additional milestones plus royalties on product sales in the Asia Pacific region.
LODE

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06:01 EDT Comstock Mining expands partnership with RenFuel - Comstock announced advances on amended agreements with RenFuel K2B AB involving the development of RenFuel's pre-existing, planned biorefinery project at a pulp and paper mill in Sweden. The amendments also anticipate expanding the scope of the Comstock partnership with RenFuel in the European markets. These amendments support the liquidation of RenFuel K2B Lignolproduktion AB, a majority owned RenFuel subsidiary originally formed to administer RenFuel's previously planned Swedish biorefinery as part of a joint venture with Preem, thereby better positioning both parties for construction and operation of a larger scale commercial facility based on the joint Comstock-RenFuel technologies throughout Europe, following construction of Comstock's first planned facilities in the Americas. The liquidation of the RenFuel-Preem JV does not alter any of the agreements or terms between Comstock and RenFuel, other than Comstock declining its option to step into the JV. Neither Comstock nor RenFuel have any funding obligations into the JV and are not, in any way, subject to any of the liquidation proceedings.
META...

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05:54 EDT NY Governor Kathy Hochul announces passage of bills to protect kids online - New York Governor Kathy Hochul on Friday announced the legislative passage of two bills to protect kids online. The Stop Addictive Feeds Exploitation for Kids Act will restrict a child's access to addictive feeds on social media, and the New York Child Data Protection Act will keep children's personal data safe. The SAFE for Kids Act will require social media companies to restrict addictive feeds on their platforms for users under 18. Unless parental consent is granted, users under 18 will not receive addictive feeds. Users may still search for specific topics of interest. It will also prohibit social media platforms from sending notifications regarding addictive feeds to minors from 12:00 a.m. to 6:00 a.m. without parental consent. The legislation will authorize the Office of the Attorney General to bring an action to enjoin violations of the new law as well as seek civil penalties of up to $5,000 per violation, among other remedies. And finally, it calls for the establishment of acceptable age verification and parent consent methods, to be determined by the OAG as part of a rulemaking process once the legislation is enacted. The New York Child Data Protection Act will prohibit online sites from collecting, using, sharing or selling personal data of anyone under the age of 18, unless they receive informed consent or unless doing so is strictly necessary for the purpose of the website. It also authorizes the OAG to enforce the law and enjoin and seek damages or civil penalties of up to $5,000 per violation. Publicly traded companies in the social media space include Meta (META), Snap (SNAP), Reddit (RDDT), and Pinterest (PINS). Reference Link
NE

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05:11 EDT Noble Corp. increases quarterly dividend 25% to 50c per share - Additionally, Noble announced that its board of directors has approved a 25% increase in its quarterly dividend to 50c per share, starting with the dividend which is to be paid in the third quarter of 2024. Noble's board of directors approved an interim dividend of 50c per share for the third quarter of 2024. This dividend is in addition to the 40c dividend previously announced which is expected to be paid on June 27 to shareholders of record at close of business on June 6. The 50c dividend is expected to be paid on September 26 to shareholders of record at close of business on September 12. The company intends to continue to pay dividends on a quarterly basis, and the third quarter dividend represents $2.00 on an annualized basis.
NE DO

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05:08 EDT Noble to acquire Diamond Offshore for $15.52 per share in stock plus cash deal - Noble (NE) and Diamond Offshore (DO) announced that they have entered into a definitive merger agreement under which Noble will acquire Diamond in a stock plus cash transaction. As part of the transaction, Diamond shareholders will receive 0.2316 shares of Noble, plus cash consideration of $5.65 per share for each share of Diamond stock, representing an 11.4% premium to closing stock prices on June 7. Upon closing, Diamond shareholders will own approximately 14.5% of Noble's outstanding shares. Noble expects to realize annual pre-tax cost synergies of $100M, with 75% expected to be realized within one year of closing. The transaction is significantly and immediately accretive to Noble's free cash flow per share and will facilitate Noble's ability to further augment our return of capital to shareholders. Under the terms of the merger agreement, Diamond shareholders will receive 0.2316 Noble shares and $5.65 per share in cash for each Diamond share. Following the close of the transaction, Diamond shareholders will own approximately 14.5% of Noble's shares on a fully-diluted basis. The implied cash and stock consideration to be received by Diamond shareholders is $15.52 per share, representing a premium of 11.4% to Diamond's closing share price on June 7. Noble intends to fund the cash portion of the transaction through new debt financing, which Noble has secured through a $600M committed bridge financing facility. At closing, the Noble board of directors will be expanded to include one member from the Diamond board. The transaction is subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals and the approval of Diamond shareholders. The transaction is expected to close by the first quarter of 2025. The transaction has been unanimously approved by the board of each company. Giving effect to the acquisition, Noble will own and operate a fleet of 41 rigs including 28 floaters and 13 jackups. Additionally, backlog for the combined company would be approximately $6.5B. With this expanded fleet and contracted cash flow visibility, Noble will remain committed to maximizing value for customers, employees and shareholders by delivering safe and efficient operational results and maintaining a disciplined capital allocation approach that prioritizes returning the significant majority of free cash flow to shareholders.