Stockwinners Market Radar for June 18, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PD | Hot Stocks20:04 EDT Cathie Wood's ARK Investment buys 163K shares of PagerDuty today
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ATRA | Hot Stocks19:50 EDT Atara Biotherapeutics trading halted, news pending
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BJDX | Hot Stocks19:50 EDT Bluejay Diagnostics Inc trading halted, news pending
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NFLX | Hot Stocks19:07 EDT Netflix to open in-person experience venues in King of Prussia and Dallas - Netflix said its new Netflix Houses, its large new in-person experience venues slated to open in 2025, will be in King of Prussia, Pennsylvania, and Dallas, Texas. "Imagine waltzing with your partner to an orchestral cover of a Taylor Swift song on a replica of the Bridgerton set -- and then walking around the corner to compete in the Glass Bridge challenge from Squid Game," the company said. "After pretending to fight for your life, you've worked up an appetite and want to get a bite. You see a nearby restaurant with food inspired by Netflix shows from around the world; the meal is memorable, but you still want to buy some Stranger Things merch. Luckily, there's a shop that sells that Hellfire Club T-shirt you've always wanted. That fan fever dream will soon become a reality with the opening of Netflix House, an experiential entertainment venue that will bring some of our most beloved titles to life. Building on previous Netflix live experiences for Bridgerton, Money Heist, Stranger Things, Squid Game, and Netflix Bites, Netflix House will go one step further and create an unforgettable venue to explore your favorite Netflix stories and characters beyond the screen year-round. The first two locations will open at King of Prussia in Pennsylvania and Galleria Dallas in 2025." Reference Link
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CSGP | Hot Stocks18:57 EDT CoStar Group names Chris Lown as new CFO - Earlier today, the company announced: "CoStar Group announced the appointment of Christian M. Lown as Chief Financial Officer effective July 1, 2024. Lown will join CoStar Group from Fortune 500-ranked home loan giant Freddie Mac, where he serves as Executive Vice President and Chief Financial Officer until June 28, 2024. He will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group."
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OPEN | Hot Stocks18:50 EDT Opendoor Technologies CEO sells $1.36M in common stock - In a regulatory filing, Opendoor Technologies disclosed that its CEO Carrie Wheeler sold 684K shares of common stock on June 17th in a total transaction size of $1.36M.
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ABBV | Hot Stocks18:21 EDT AbbVie: FDA approves SKYRIZI for ulcerative colitis - AbbVie announced the U.S. FDA has approved SKYRIZI for adults with moderately to severely active ulcerative colitis, making it the first IL-23 specific inhibitor approved for both moderate to severe ulcerative colitis and moderate to severe Crohn's disease.3 SKYRIZI is now approved for four indications across immune-mediated inflammatory diseases.
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TNDM DXCM | Hot Stocks17:59 EDT Tandem Diabetes extends development agreement with DexCom - According to a regulatory filing, on May 22, 2024, Tandem Diabetes Care (TNDM) and Dexcom (DXCM) entered into an Amended and Restated Development Agreement to the Original Development Agreement, dated as of November 20, 2020, between the company and Dexcom, under which the integration of the company's insulin pumps with Dexcom's Continuous Glucose Monitoring devices are addressed. The Amended and Restated Development Agreement incorporates the integration of the company's Sigi insulin pump with Dexcom's G7 CGM device, extends the term for a period of five years, and amends certain definitions and terms and conditions related to devices and development generally. On May 22, 2024, the Company and Dexcom also entered into an Amended and Restated Commercialization Agreement to the Original Commercialization Agreement, dated as of November 20, 2020, between the company and Dexcom, under which the commercialization of the integrated solutions developed under the Amended and Restated Development Agreement are addressed. The Amended and Restated Commercialization Agreement incorporates the commercialization of the company's Sigi insulin pump with Dexcom's G7 CGM device, extends the term for a period of five years, and amends certain definitions and terms and conditions related to devices and commercialization generally.
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EQC | Hot Stocks17:45 EDT Equity Commonwealth announces $150M buyback authorization - Equity Commonwealth announced that its Board of Trustees authorized the repurchase, from July 1, 2024 through June 30, 2025, of up to an additional $150 million of its outstanding common shares under the company's existing share repurchase program. The company still has $93 million remaining under its prior authorization that expires on June 30, 2024. Year-to-date through June 18, 2024 the company has not repurchased any shares.
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TREE | Hot Stocks17:35 EDT LendingTree promotes Jason Bengel to CFO - LendingTree, the parent of LendingTree and several companies owned by LendingTree, announces the promotion of Jason Bengel to CFO following the departure of Trent Ziegler on August 9. Along with this change, LendingTree is also announcing several leadership changes to further propel the Company's strategic initiatives and growth trajectory. After 12 years of exceptional service, Trent Ziegler will be stepping down from his position to pursue a new opportunity outside the Company. Ziegler leaves behind a legacy of strong shareholder relationships, optimized cost structure and the successful execution of complex financing initiatives. Jason Bengel, an integral member of LendingTree's management team and a Chartered Financial Analyst, will step into the CFO role effective as of August 9. Bengel's expertise in financial planning and analysis, coupled with his dedication to operational efficiency and deep understanding of LendingTree's business lines, position him well to drive LendingTree's financial strategies forward. Additionally, effective immediately, Sarah Guidry will expand her role into SVP of Analytics and Corporate Strategy. Guidry has been leading LendingTree's Analytics function since 2021, and as part of this move, her responsibilities expand into LendingTree's strategy work, including the new AI lab, underscoring the Company's commitment to data-driven decision making. Finally, also effective immediately, Andrew Wessel will be taking on a larger role as SVP of Investor Relations and Corporate Development. Wessel will continue to strengthen LendingTree's relationships with shareholders, banks, and other capital market participants.
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BANX | Hot Stocks17:32 EDT ArrowMark Financial reports estimated NAV $21.76 as of May 31 -
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BA | Hot Stocks17:26 EDT Boeing awarded $212M U.S. Navy contract - Boeing Co. is being awarded $211,986,000 for a ceiling-priced delivery order under a previously awarded basic ordering agreement for the repair of 11 various configurations of flight control surfaces used on the F/A-18 E/F and EA-18G aircrafts. The delivery order does not include an option provision.
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KBH | Hot Stocks17:21 EDT KB Home sees Q3 housing revenue $1.65B-$1.75B - Sees Q3 average selling price around $482,000. Sees Q3 operating margin 10.8%-11.4%. Sees Q3 housing gross profit margin 21.0%-21.4%. Comments taken from Q2 earnings conference call.
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MRCY | Hot Stocks17:18 EDT Mercury Systems to eliminate approximately 100 positions - In a regulatory filing, Mercury Systems stated, "On January 17, 2024, Mercury Systems publicly announced the implementation of a plan to consolidate our Mission Systems and Microelectronics divisions into one unified structure incorporating multiple business units and functions under the leadership of a Chief Operating Officer, as well as the elimination of a number of positions. This consolidation is designed to simplify our organizational structure, facilitate clearer accountability, align to our priorities to drive growth and value for all stakeholders, and reinvest in key growth areas of our business. We have continued the organizational structure effort that we implemented in the initial phase in January and have progressed deeper into the organization at the business unit and global function levels. On June 17, 2024, we approved the next phase of this effort, and implemented a workforce reduction that will eliminate approximately 100 positions, resulting in expected restructuring charges of approximately $5 million for employee separation costs, which costs will be classified as restructuring and other charges within our statement of operations and other comprehensive income for the fiscal quarter ending June 28, 2024. The headcount savings, combined with other non-headcount savings, including discretionary and third-party spend primarily within R&D and cost of revenues, are expected to yield annualized savings of approximately $15 million, a portion of which is expected to be reinvested in the business with the remainder supporting improved profitability and operating leverage for our 2025 fiscal year."
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KBH | Hot Stocks17:15 EDT KB Home says raising minimum buyback level to $250M
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KBH | Hot Stocks17:11 EDT KB Home COO says cancellation rate remained low - Says continue to use mortgage concessions to support buyers. Says saw significant sequential improvement in build times. Comments taken from Q2 earnings conference call.
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KBH | Hot Stocks17:08 EDT KB Home CEO says build times are normalizing - Says Q2 saw indicators that reinforced higher rate of demand. Comments taken from Q2 earnings conference call.
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HMST | Hot Stocks16:47 EDT HomeStreet announces approval of merger with FirstSun - HomeStreet announced that the preliminary vote count indicates that its shareholders approved the Agreement and Plan of Merger dated as of January 16, 2024, by and between FirstSun Capital Bancorp, the company and Dynamis Subsidiary, Inc., as amended on April 30, 2024. Final voting results of the shareholder meeting held on June 18, 2024 will be filed with the company's Form 8-K on Thursday June 20, 2024. "The strong vote in favor of our merger with FirstSun reflects the attractiveness of the combination for the Company," said Mark Mason, Chairman of the Board, President, and Chief Executive Officer. "We are excited to accomplish this milestone in the merger process and look forward to closing the merger, subject to receipt of the required regulatory approvals. We believe this merger represents a unique investment opportunity in an otherwise challenging banking environment and we look forward to realizing the benefits for our shareholders."
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LMT | Hot Stocks16:44 EDT Lockheed Martin selected by NASA in $2.27B contract - NASA, on behalf of the National Oceanic and Atmospheric Administration, has selected Lockheed Martin to build the spacecraft for NOAA's Geostationary Extended Observations satellite program. This cost-plus-award-fee contract is valued at approximately $2.27 billion. It includes the development of three spacecraft as well as four options for additional spacecraft. The anticipated period of performance for this contract includes support for 10 years of on-orbit operations and five years of on-orbit storage, for a total of 15 years for each spacecraft. The work will take place at Lockheed Martin's facility in Littleton and NASA's Kennedy Space Center in Florida. The GeoXO constellation will include three operational satellites - east, west and central. Each geostationary, three-axis stabilized spacecraft is designed to host three instruments. The centrally-located spacecraft will carry an infrared sounder and atmospheric composition instrument and can also accommodate a partner payload. Spacecraft in the east and west positions will carry an imager, lightning mapper, and ocean color instrument. They will also support an auxiliary communication payload for the NOAA Data Collection System relay, dissemination, and commanding.
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DJT | Hot Stocks16:36 EDT Trump Media down over 18% after declaring S-1 effective - Shares of Trump Media are down over 18% after-hours, following an announcement by the company that the SEC declared effective the company's registration statement on Form S-1, related to the resale by certain selling securityholders of certain shares and warrants issued by and issuable from the company. This after-hours decline is on top of the shares 9.8% drop during the trading day, where Trump Media stock closed at $31.31.
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NEUE | Hot Stocks16:31 EDT NeueHealth discloses NYSE listing compliance notice - NeueHealth announced that on June 12, 2024, the Company received a written notice from the New York Stock Exchange that the Company no longer satisfies the continued listing standards set forth under Section 802.01B of the NYSE's Listed Company Manual. The notice cited that the Company's average market capitalization over a consecutive 30 trading-day period was less than $50 million and, at the same time, the Company's last reported stockholders' equity was less than $50 million. As of June 11, 2024, the 30 trading-day average market capitalization was approximately $49.7 million, and the company reported a stockholders' deficit. The Company's preferred stock, which had a value of $920.4 million as of March 31, 2024, is excluded from the average market capitalization as calculated by the NYSE. This notice does not impact the Company's business operations.
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PSNY | Hot Stocks16:20 EDT Polestar names Winfried Vahland as Board Chair - Polestar announces that Hundefinedkan Samuelsson intends to retire as Board Chair. The Board of Directors has appointed Winfried Vahland Board Chair, effective following the Company's Annual General Meeting of Shareholders. Carla De Geyseleer, Audit Committee Chair, has chosen not to stand for re-election as Director, in order to focus on her executive role. Winfried Vahland has a long career in the international automotive industry. Among other leading positions the graduate economist and engineer was CEO and President of Volkswagen Group China from 2005-2010, where he oversaw a turnaround of operations through an extensive model offensive and successful efficiency program.
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CARA | Hot Stocks16:20 EDT Cara Therapeutics announces 70% workforce reduction - In a regulatory filing, Cara Therapeutics disclosed that on June 14, the Board of Directors of the company approved a streamlined operating plan exploring strategic alternatives focused on maximizing shareholder value after the company announced its decision to discontinue the clinical program in notalgia paresthetica following the outcome from the dose-finding Part A of the KOURAGE-1 study evaluating the efficacy and safety of oral difelikefalin for moderate-to-severe pruritus in adult patients with NP on June 12. In connection with the streamlined operating plan, the Board of Directors also approved a reduction in the company's workforce by approximately 70%, which the company expects to substantially complete by June 30. The company anticipates recognizing approximately $2.6M in total charges in connection with the reduction in force, which costs are expected to be substantially recognized in the second and third quarter of 2024. These charges will consist primarily of one-time cash charges for termination benefits. The charges the company expects to incur in connection with this reduction in workforce are subject to a number of assumptions, risks and uncertainties, and actual results may materially differ. The company may also incur other material charges not currently contemplated due to events that may occur as a result of, or associated with, these actions.
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WDFC | Hot Stocks16:17 EDT WD-40 announces Eric P. Etchart to become new Board Chair - WD-40 announced that Gregory A. Sandfort has provided notice to WD-40 Company's board of directors that he will retire as a director and as non-executive chair of the company's board as of the scheduled date of its next annual meeting of stockholders, December 12, 2024. Mr. Sandfort will continue to serve as chair of the board until the company's annual meeting when his term expires. Following the annual meeting, the board intends to appoint independent director Eric P. Etchart as its non-executive chair. Mr. Sandfort was initially elected to the Company's board in 2011 and has served as its chair since 2022. Mr. Etchart, who joined the board in 2016, currently serves as chair of the corporate governance committee and as a member of the finance committee. He had served as senior vice president of The Manitowoc Company, Inc. from 2007 until his retirement in 2016.
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KBH | Hot Stocks16:14 EDT KB Home up 4% after Q2 earnings beat at $70.68
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KBH | Hot Stocks16:13 EDT KB Home reports Q2 homes delivered 3,523 vs. 3,666 last year - Reports Q2: Average selling price increased to $483,000, up from $479,500 last year; Homebuilding operating income totaled $188.2M vs. $202.1M last year.
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KBH | Hot Stocks16:12 EDT KB Home narrows FY24 housing revenue view to $6.7B-$6.9B from $6.5B-$6.9B - Sees FY24 average selling price in the range of $485,000 to $495,000 and Homebuilding operating income as a percentage of revenues in the range of 11.0% to 11.4%.
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GYRE | Hot Stocks16:08 EDT Gyre announces publication in Journal of Gastroenterology and Hepatology - GyreTherapeutics announced the publication of the manuscript titled "Hydronidone induces apoptosis in activated hepatic stellate cells through endoplasmic reticulum stress-associated mitochondrial apoptotic pathway" in the Journal of Gastroenterology and Hepatology. This publication includes both in vivo and in vitro studies supporting the potential of hydronidone F351 , a novel derivate of pirfenidone, as a promising therapy for the treatment of liver fibrosis. "Preclinical animal studies have shown that treatment with hydronidone attenuated liver fibrosis by inhibiting the activation of hepatic stellate cells HSCs , although the underlying mechanisms of action are still not fully understood," said Han Ying, Ph.D., CEO of Gyre. "The findings of these in vivo and in vitro studies demonstrate that hydronidone induces apoptosis in activated HSCs aHSCs via the endoplasmic reticulum stress (ERS)-associated mitochondrial apoptotic pathway and suggest that hydronidone may contribute to the improvement of liver fibrosis. These findings further enhance our understanding of hydronidone and underscore its therapeutic potential in treating liver fibrosis."
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BIOL | Hot Stocks16:07 EDT Biolase announces delisting from Nasdaq - Biolase announced that the company received a notice from Nasdaq that it has determined to delist the shares of the company's common stock from The Nasdaq Stock Market. The delisting is a result of failure to satisfy the $1.00 minimum bid price listing requirement in Nasdaq Listing Rule 5550(a)(2) and failure to comply with Nasdaq's $2,500,000 minimum stockholders' equity requirement for continued listing or any of the alternative requirements in Listing Rule 5550(b). Suspension of trading in the company's common stock on the Nasdaq exchange will be effective at the open of trading on June 20, 2024.
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CRSR SNX | Hot Stocks16:04 EDT Corsair Gaming announces new partnership with TD Synnex - Corsair (CRSR) "announced a new partnership with TD SYNNEX (SNX), a leading global distributor and solutions aggregator for the IT ecosystem. This partnership will help foster new and existing relationships with customers by offering solutions that meet their unique requirements, enhancing customer support, and ensuring consistent communication to the customer's evolving needs."
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AKLI | Hot Stocks16:01 EDT Akili announces FDA authorization of EndeavorOTC - Akili announced U.S. Food and Drug Administration clearance of EndeavorOTC as an over-the-counter treatment for adults with attention-deficit/hyperactivity disorder. Delivered through an engaging video game experience, EndeavorOTC is indicated to improve attention function as measured by computer-based testing in men and women with primarily inattentive or combined-type ADHD, who have a demonstrated attention issue. EndeavorOTC is Akili's second digital ADHD therapeutic product to receive FDA authorization, and is the only FDA-authorized digital therapeutic for ADHD available without a prescription. EndeavorOTC is currently available in the United States on the Apple App Store for iOS and the Google Play Store for Android mobile devices. "This FDA authorization of EndeavorOTC positions it as a scientifically and clinically validated digital therapy for adult ADHD patients, and we're incredibly proud of pioneering a new tier of digital medicine," said Matt Franklin, Chief Executive Officer at Akili. "This is the culmination of years of clinical studies and the collective effort of scores of technical, scientific, clinical, and regulatory professionals. We are particularly grateful to the patients who participated in the study that made this clearance possible."
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NWBI | Hot Stocks16:01 EDT Northwest Bancshares appoints Urich Bowers as Chief Consumer Banking Officer - Northwest Bank announced the appointment of Urich Bowers as its new Chief Consumer Banking and Strategy Officer and member of the bank's executive leadership team. Bowers, a seasoned banking executive with an impressive track record, succeeds John Golding, who recently departed the bank to pursue new opportunities. This strategic appointment represents a significant enhancement in leadership and underscores Northwest Bank's dedication to transforming its Retail strategy and accelerating growth in the highly competitive consumer banking sector. Urich Bowers brings nearly 25 years of experience in the banking industry to his new role at Northwest Bank. He joins the bank from PNC Financial Services Group, where he most recently served as Head of Consumer Products, Strategy and Innovation. In this position, Bowers oversaw a portfolio of consumer households with more than $200B in deposits, leading a team responsible for PNC's consumer checking, savings, time deposits, Virtual Wallet and digital experiences.
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TOL | Hot Stocks15:44 EDT United States files Fair Housing Act lawsuit against Toll Brothers - Damian Williams, the United States Attorney for the Southern District of New York, announced that the United States has filed a federal Fair Housing Act, or "FHA," lawsuit against Toll Brothers and Toll Brothers Realty Trust, relating to their failure to design and construct new apartment buildings so as to be accessible to persons with physical disabilities. The lawsuit also names certain Toll Brothers affiliates as well as other entities that participated in the design or construction of these residential complexes, as well as a condominium association whose cooperation is essential to ensure retrofits. Upon filing suit, the United States also submitted to the Court a proposed consent decree with LENDLEASE, which participated in the design and construction of one such building. This settlement is subject to the review and approval of the U.S. District Judge assigned to the case. Reference Link
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META... | Hot Stocks15:24 EDT FTC refers COPPA complaint against TikTok to DOJ - The Federal Trade Commission issued a statement regarding its referral to the Department of Justice a complaint against TikTok, the successor to Musical.ly, and its parent company ByteDance Ltd. The Commission vote authorizing the issuance of the statement was 3-0-2, with Commissioners Ferguson and Holyoak recused. "The Federal Trade Commission has referred to the Department of Justice a complaint against TikTok, the successor to Musical.ly, and its parent company ByteDance Ltd.," the statement reads. "The FTC's investigation of these companies began in connection with our order compliance review of Musical.ly following a 2019 settlement with the company for violations of the Children's Online Privacy Protection Act ("COPPA"). The Commission also investigated additional potential violations of COPPA and the FTC Act. The investigation uncovered reason to believe named defendants are violating or are about to violate the law and that a proceeding is in the public interest, so the Commission has voted to refer a complaint to the DOJ, according to the procedures outlined in the FTC Act. Although the Commission does not typically make public the fact that it has referred a complaint, we have determined that doing so here is in the public interest. We look forward to our continued partnership with the Department of Justice in this and other matters as we advance our shared interest in protecting the American people and in enforcing the law without fear or favor." Publicly traded companies in the social media space include Meta Platforms (META), Pinterest (PINS), Reddit (RDDT) and Snap (SNAP). Reference Link
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DM | Hot Stocks15:21 EDT Desktop Metal paused for volatility after jumping 35% to $4.94
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WHLR | Hot Stocks15:01 EDT Wheeler REIT board changes reverse stock split ratio to 1-for-5 from 1-for-6 - According to a regulatory filing, on June 18, 2024, following discussions with the listing qualifications staff of The Nasdaq Stock Market LLC, Wheeler REIT's Board of Directors approved a change to the ratio for the company's previously announced One-For-Six Reverse Stock Split to one-for-five. The company will announce the timing of the effectiveness of the One-For-Five Reverse Stock Split in due course after further discussions with the operations department of NASDAQ.
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MRK | Hot Stocks14:58 EDT Merck treatment of gastric cancer granted FDA orphan designation - The FDA granted orphan designation to Merck's recombinant humanized IgG1 anti-TROP2 monoclonal antibody conjugated to a topoisomerase I inhibitor as a treatment of gastric cancer, including cancer of the gastroesophageal junction, according to a post to the agency's website. Reference Link
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RHHBY | Hot Stocks14:42 EDT Roche gets FDA clearance on digital pathology solution for diagnostic use - Roche announced that its whole-slide imaging system, the Roche Digital Pathology Dx or VENTANA DP 200, has received 510k clearance from the United States Food and Drug Administration FDA . The system is intended to aid the pathologist in reviewing and interpreting digital images of scanned pathology slides to help diagnose patients."Primary diagnosis for digital pathology streamlines the digital workflow that empowers pathologists to make a timely diagnosis from anywhere," said Jill German, Head of Pathology Lab for Roche Diagnostics. "This not only improves a pathology lab's efficiency but also expands access to pathologists for people living in remote areas and increases opportunities for pathologists to collaborate on patient cases." Digital pathology refers to the digitalisation of the traditional pathology workflow, starting from slide scanning, to visualisation, to analysis. Digital pathology is transforming traditional histopathology by improving efficiency, depth of analysis, and opportunity for collaboration in pathology workflows. For example, once a slide scanner captures and converts stained tissue on glass slides to digital images, these images can be managed, shared, and analysed by pathologists and can help determine a cancer patient's treatment.
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SNAP | Hot Stocks14:32 EDT Snap unveils new AR experiences powered by GenAI - "At Snap, we believe in building and advancing technology that empowers our global community to express themselves and bring their creativity to life. So today, we're unveiling new AR experiences powered by GenAI for Snapchatters and our AR developer community. We're previewing Snap's real-time image model that can instantly bring your imagination to life in AR. This early prototype makes it possible to type in an idea for a transformation and generate vivid AR experiences in real time.This milestone of running GenAI models in real-time on mobile devices is made possible by our team's breakthroughs to optimize faster, more performant GenAI techniques. Our team of researchers and engineers is constantly innovating to make GenAI faster and lighter, so our Snapchat community can create and communicate with their friends on the go. Our GenAI techniques power Bitmoji Backgrounds, Chat Wallpapers, Dreams, AI Pets and of course, our AI Lenses....We're also introducing a new GenAI Suite to our AR authoring tool Lens Studio, enabling AR creators to generate custom ML models and assets to power their Lenses. ...This update empowers AR creators, developers, and teams with new tools to personalize their development workflow, so they can extend the capabilities of Lens Studio and build more complex projects...We can't wait for our community to try these new tools and explore their creative potential," said Snap in part earlier, in a blog post. Reference Link
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WHLR | Hot Stocks14:31 EDT Wheeler Real Estate Investment Trust trading halted, news pending
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DLTR | Hot Stocks14:16 EDT FDA issues warning letter to Dollar Tree over lead-contaminated product - According to a warning letter the Food and Drug Administration posted on its website, Dollar Tree has continued to sell WanaBana apple cinnamon fruit puree pouches tainted with "extremely high" levels of lead, long after the product recall. The letter reads, "laboratory analysis of multiple lots of WanaBana Apple Cinnamon Fruit Puree pouches, including finished product samples collected from Dollar Tree stores, detected extremely high concentrations of lead... On October 29, 2023, Wanabana USA initiated a voluntary recall of all WanaBana Apple Cinnamon Fruit Puree pouches... Subsequent recall audit checks of your Dollar Tree and Family Dollar/Dollar Tree combination stores revealed that you continued to offer the recalled WanaBana Apple Cinnamon Fruit Puree pouches on store shelves well after the recall was initiated, despite FDA's numerous attempts to bring this serious issue to your attention." Reference Link
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CRWD... | Hot Stocks14:09 EDT CrowdStrike collaborating with HP Enterprise to secure end-to-end AI innovation - CrowdStrike (CRWD) has announced a strategic partnership with HP Enterprise (HPE) to secure end-to-end AI innovation, including large language models, or LLMs, accelerated by Nvidia (NVDA). With the integration of the CrowdStrike Falcon cybersecurity platform and HPE GreenLake cloud and OpsRamp AIOps, organizations can seamlessly unify IT operations and cybersecurity in a single, unified process to securely accelerate AI innovation. The combination of rich asset information from the Falcon platform and OpsRamp's AI-driven observability provides a unified service map view of attack surface security across their entire infrastructure and applications. Organizations can rapidly uncover and eliminate gaps in security protection in the accelerated AI pipeline, enforcing resilience and integrity of AI innovations. "Security is crucial for AI applications and the data they access," said Fidelma Russo, EVP/GM Hybrid Cloud and Chief Technology Officer at HPE. "Our strategic collaboration with CrowdStrike, combined with our OpsRamp observability, offers complete endpoint security to protect your AI applications running on HPE Private Cloud AI." "Security needs to parallel the slope of technology innovation. GenAI promises to transform business operations, and the best AI requires the best AI-powered security," said George Kurtz, CEO and Founder of CrowdStrike. "Our partnership with HPE combines powerful enterprise computing with the industry's premier security platform to accelerate secure end-to-end AI and ML adoption."
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DMTK | Hot Stocks14:02 EDT DermTech files for voluntary chapter 11 protection, implements 20% RIF - DermTech filed for voluntary chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware. The chapter 11 filing is a continuation of the company's strategic alternatives review process. Currently, the company intends to continue its laboratory operations and processing orders for the DermTech Melanoma Test DMT , while simultaneously conducting a process to sell substantially all of its assets. Through the bankruptcy process, the company intends to safeguard the interest of stakeholders and maximize the value of its assets. ...Alongside the chapter 11 filings, the company also implemented a reduction in force RIF to significantly reduce expenses associated with its current operations to preserve cash. This RIF resulted in an immediate workforce reduction of approximately 15 employees approximately 20% of the Company's workforce with potential additional reductions of DermTech's workforce in the future.
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BWAQ | Hot Stocks13:43 EDT Blue World Acquisition Corp trading resumes
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BWAQ | Hot Stocks13:38 EDT Blue World Acquisition Corp trading halted, volatility trading pause
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NVDA... | Hot Stocks13:05 EDT Nvidia moves above Microsoft, Apple for top market cap - Shares of (NVDA) are up $4.38, or about 3%, to $135.36 to give the company a market cap near $3.33T in early afternoon trading, according to data from Yahoo Finance.
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TS... | Hot Stocks13:03 EDT Tenaris ordered by court to pay indemnification to CSN - Tenaris S.A. (TS) announced that the Brazilian Superior Court of Justice, or SCJ, resolved that Tenaris's subsidiary Confab and certain subsidiaries of Tenaris's affiliate Ternium (TX), all of which compose the T/T Group under the Usiminas shareholders agreement, should pay Companhia Siderurgica Nacional, or CSN (SID), an indemnification in connection with the acquisition by the T/T Group of a participation in Usiminas in January 2012. "CSN and various entities affiliated with CSN had filed a lawsuit in Brazil against the T/T Group, alleging that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all non-controlling holders of Usiminas ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition. On September 23, 2013, the first instance court dismissed the CSN lawsuit, and on February 8, 2017, the court of appeals upheld the first instance court decision. On March 7, 2023, the SCJ rejected CSN's appeal by majority vote. The composition of the SCJ panel in charge of the case subsequently changed and CSN made several submissions in connection with the SCJ decision, including a motion for clarification with the SCJ that challenged the merits of its earlier decision. At today's session, the SCJ completed its voting on CSN's motion for clarification and reversed, by majority vote, its March 7, 2023 decision, and granted CSN an indemnification, with CSN being allowed to retain ownership of the Usiminas ordinary shares it currently owns. Depending on how the indemnification is calculated by other courts, and assuming monetary adjustment and interest through May 31, 2024, the potential aggregate indemnification payable by Confab could reach up to BRL942 million, or approximately $180M. The Company continues to believe that all of CSN's claims and allegations are groundless and without merit, as confirmed by several opinions of Brazilian legal counsel, two decisions issued by the Brazilian securities regulator in February 2012 and December 2016, the first and second instance court decisions and the March 7, 2023 SCJ decision referred to above. The Company also believes that today's SCJ decision on CSN's motion for clarification is contrary to applicable substantive and procedural law. Accordingly, once the SCJ written votes are made available, Confab will file all available motions and appeals against the SCJ decision," Tenaris stated.
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AAPL | Hot Stocks13:00 EDT Apple announces App Store on Apple Vision Pro expands to new markets - Apple Vision Pro will launch in China mainland, Hong Kong, Japan, and Singapore on June 28 and in Australia, Canada, France, Germany, and the United Kingdom on July 12, Apple announced. "Your apps and games will be automatically available on the App Store in regions you've selected in App Store Connect," the company stated in a post to its Developer blog. Reference Link
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NVDA HPE | Hot Stocks12:53 EDT HP Enterprise introduces new AI and hybrid cloud programs - Hewlett Packard Enterprise (HPE) announced a new AI enablement program, in collaboration with Nvidia (NVDA), designed to boost profitability and deliver new revenue streams for partners. "The program offers new competencies and additional resources across AI, compute, storage, networking, hybrid cloud, sustainability, as well as enhanced HPE GreenLake offerings and capabilities. HPE announced, as part of its new NVIDIA AI Computing by HPE portfolio, a new AI partner strategy with NVIDIA aimed at driving greater innovation and more opportunities to leverage HPE's pioneering edge-to-cloud portfolio," Hewlett Packard Enterprise stated.
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HPE NVDA | Hot Stocks12:52 EDT HP Enterprise, Nvidia announce 'NVIDIA AI Computing by HPE' - Hewlett Packard Enterprise (HPE) and Nvidia (NVDA) announced "NVIDIA AI Computing by HPE," a portfolio of co-developed AI solutions and joint go-to-market integrations that the companies say "enable enterprises to accelerate adoption of generative AI." All NVIDIA AI Computing by HPE offerings and services will be available through a joint go-to-market strategy that spans sales teams and channel partners, training and a global network of system integrators - including Deloitte, HCLTech, Infosys, TCS and Wipro - that can help enterprises across a variety of industries run complex AI workloads, the companies stated during the HPE Discover keynote by HPE President and CEO Antonio Neri. "Generative AI holds immense potential for enterprise transformation, but the complexities of fragmented AI technology contain too many risks and barriers that hamper large-scale enterprise adoption and can jeopardize a company's most valuable asset - its proprietary data. To unleash the immense potential of generative AI in the enterprise, HPE and NVIDIA co-developed a turnkey private cloud for AI that will enable enterprises to focus their resources on developing new AI use cases that can boost productivity and unlock new revenue streams," added Neri.
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LPA | Hot Stocks12:42 EDT Logistic Properties of The Americas trading resumes
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LPA | Hot Stocks12:32 EDT Logistic Properties of The Americas trading halted, volatility trading pause
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NVEI | Hot Stocks12:25 EDT Nuvei obtains shareholder approval for going private transaction with Advent - Nuvei Corporation announced that, at the special meeting of the Company's shareholders held on June 18, 2024, Shareholders approved the special resolution approving the previously-announced plan of arrangement under section 192 of the Canada Business Corporations Act involving the Company and Neon Maple Purchaser, a newly-formed entity controlled by Advent International, L.P. Pursuant to the Arrangement, the Purchaser will acquire all of the issued and outstanding subordinate voting shares and multiple voting shares of the Company. The Shares that are not held by Philip Fayer, certain investment funds managed by Novacap Management and Caisse de depot et placement du Quebec. will be acquired for a price of $34.00 in cash per Share. Each of the Rollover Shareholders has agreed to sell all of their Shares to the Purchaser in exchange for consideration consisting of a combination of cash and shares in the capital of the Purchaser or an affiliate thereof. Following completion of the Arrangement, Philip Fayer, Novacap and CDPQ are expected to hold or exercise control or direction over, directly or indirectly, approximately 24%, 18% and 12%, respectively, of the common equity in the resulting private company.
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AMRC | Hot Stocks12:16 EDT Ameresco, U.S. Army with advanced renewable energy system at Fort Detrick - Ameresco announced the newly completed U.S. Army's advanced renewable energy system at U.S. Army Installation Fort Detrick in Maryland. This event marks the culmination of efforts to enhance the base's energy independence, sustainability, and potential for energy resiliency. Ameresco's energy asset activation is now live and features a 6 MW/6MWh battery energy storage system that integrates seamlessly with an existing 18.6 MW solar energy facility, which has been operational since 2016. This integration not only boosts the facility's capacity by providing frequency regulation services to the local electric grid but also enhances the overall energy security and sustainability of the installation by improving the power quality and correcting unintended fluctuations in generation.
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ADV | Hot Stocks12:11 EDT Advantage Solutions to sell Jun Group for $185M - Advantage Solutions announced has entered into an agreement to sell its digital advertising platform Jun Group to Verve Group SE, a Swedish digital advertising company formerly known as Media and Games Invest SE. Gross proceeds from the sale are expected to be approximately $185 million, the majority of which will be received in cash at closing. The transaction is expected to close in the third quarter, subject to regulatory and other approvals. As part of the agreement, Verve will pay Advantage approximately $130 million in cash at close, plus two additional installments paid 12 months and 18 months post-close to complete the deal. Advantage plans to use the majority of initial proceeds to pay down debt and reinvest in the business. The company remains committed to reducing its net leverage ratio to less than 3.5 times. Jun Group, which Advantage acquired in 2018, is a technology company that powers digital media campaigns on digital platforms, including smart phones, tablets and desktop computers. While Jun Group provides some services to retailers and consumer-packaged goods companies, many of its customers - including publishers and health care companies - are distinct from Advantage's core customer base.
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BNED | Hot Stocks12:05 EDT Barnes & Noble Education falls -7.2% - Barnes & Noble Education is down -7.2%, or -58c to $7.50.
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JMIA | Hot Stocks12:04 EDT Jumia Technologies falls -10.6% - Jumia Technologies is down -10.6%, or -$1.00 to $8.41.
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GWAV | Hot Stocks12:03 EDT Greenwave says Scrap App sets new daily record - Greenwave Technology Solutions announced that its wholly-owned subsidiary, ScrapApp.com, recently set a new daily record for cars purchased through the Scrap App platform. Greenwave said it is one of the first companies to utilize artificial intelligence in the $42.3B U.S. scrap metal industry. Scrap App has generated hundreds of thousands of dollars in revenue from end-of-life vehicles in the limited markets in which it's currently available -- Hampton Roads, VA, Richmond, VA, and Cleveland, OH.
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SPCE | Hot Stocks12:03 EDT Virgin Galactic falls -14.4% - Virgin Galactic is down -14.4%, or -$1.68 to $10.02.
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LICY | Hot Stocks12:02 EDT Li-Cycle rises 11.6% - Li-Cycle is up 11.6%, or 54c to $5.18.
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CZR WYNN | Hot Stocks12:01 EDT Caesars completes acquisition of Michigan iGaming operations from Wynn Resorts - Caesars Entertainment (CZR) announced the closing of the previously announced acquisition of the operations of WynnBET's (WYNN) Michigan iGaming business and long-term extension of iGaming market access rights with the Sault Ste. Marie Tribe of Chippewa Indians. Caesars will assume operations on the existing platform under the WynnBET brand with no anticipated interruption to the customer experience. This transaction further enhances our iCasino Net Revenue growth in an EBITDA accretive manner. Caesars Entertainment will announce a new online casino brand and the transition of the WynnBET iCasino operations to Caesars' Michigan iGaming Platform in the second half of 2024, pending regulatory approvals. "Caesars Entertainment would like to thank the Sault Ste. Marie Tribe of Chippewa Indians and the Michigan Gaming Control Board for their collaboration through this process," said Eric Hession, President of Caesars Digital.
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CHWY | Hot Stocks12:01 EDT Chewy rises 15.0% - Chewy is up 15.0%, or $3.43 to $26.24.
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LZB | Hot Stocks12:00 EDT La-Z-Boy rises 17.5% - La-Z-Boy is up 17.5%, or $5.95 to $40.04.
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XBIT | Hot Stocks11:45 EDT XBiotech trading resumes
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SID | Hot Stocks11:44 EDT Companhia Siderugica Hacional trading resumes
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XBIT | Hot Stocks11:40 EDT XBiotech announces data from Phase 1/2 1-BETTER study - XBiotech announced data from its Phase 1/Phase 2 randomized, double-blind, placebo-controlled multi-center study for advanced pancreatic cancer. Known as 1-BETTER, the study examined Natrunix antibody in combination with an established chemotherapy regimen, a regimen that is already widely used for treating pancreatic cancer but is associated with difficult toxicities and less then ideal survival outcomes. Natrunix was being evaluated as an anti-cancer agent for use in cytotoxic chemotherapy combinations where the company believes it might potentially also improve tolerability of the chemotherapy. The Phase 1 portion was a dose escalation study in metastatic pancreatic cancer patients to determine if dose limiting toxicities occurred in combination with the ON+5FU+LV regimen in second- or third-line setting. DLTs were not expected with Natrunix and none were seen. The Natrunix dose in the Phase 2 portion was thus the highest dose used in the Phase 1 portion. Sixty-five subjects were randomized into the Phase 2 study on a 1:1 basis to receive either Natrunix+ ON+5FU+LV or Placebo +ON+5FU+LV. There were 33 subjects enrolled into Arm1 and 32 into Arm2. The Phase 2 treatment period was 24-weeks with subjects receiving therapy once every other week for a total of 12 cycles. Subjects included in the study had confirmed metastatic, unresectable, or recurrent pancreatic adenocarcinoma of exocrine pancreas and were required to have had disease progression after one prior gemcitabine-based therapy or one FOLFIRINOX and gemcitabine containing therapy. All patients were required to have at least one measurable lesion according to Response Evaluation Criteria in Solid Tumor. The primary endpoint for the Phase 2 study was to assess the safety and tolerability of Natrunix when used with the ON+5FU+LV combination. Overall, there were fewer adverse events of any kind during the 24-week treatment period for the Natrunix arm compared to placebo, with markedly fewer events in specific categories of adverse events during that time. There was a 28% reduction in the number of subjects experiencing significant adverse events in the Natrunix arm versus placebo that occurred during the 24-week treatment period. Subjects receiving the Natrunix ON+5FU+LV regimen also had about a 33% reduction in hospitalization during the 24-week treatment period compared to subjects receiving placebo + ON+5FU+LV combination. Subjects receiving the Natrunix combination also reported a 22% reduction in fatigue, 32% improved appetite and 41% reduction in pain as of the last day of the 24-week treatment period compared to subjects receiving the placebo ON+5FU+LV combination.
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LEN | Hot Stocks11:37 EDT Lennar down 4% as earnings call continues - Shares of Lennar are down $6.26, or 4%, to $150.25 as the company's Q2 earnings conference call continues.
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XBIT | Hot Stocks11:35 EDT XBiotech trading halted, volatility trading pause
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LEN LEN.B | Hot Stocks11:33 EDT Lennar has made 'substantial' progress over last 90 days on land spinoff
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LEN LEN.B | Hot Stocks11:30 EDT Lennar looking at $6B-$8B land spinoff - Says has submitted draft registration to SEC for spinoff. Comments taken from Q2 earnings conference call.
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TX SID | Hot Stocks11:29 EDT Brazilian court orders Ternium to pay indemnification to CSN - Ternium S.A. (TX) announced that the Brazilian Superior Court of Justice, or SCJ, resolved that Ternium's subsidiaries Ternium Investments and Ternium Argentina, and Tenaris's subsidiary Confab, all of which compose the T/T Group under the Usiminas shareholders agreement, should pay Companhia Siderurgica Nacional, or CSN (SID) an indemnification in connection with the acquisition by the T/T Group of a participation in Usiminas in January 2012. "CSN and various entities affiliated with CSN had filed a lawsuit in Brazil against the T/T Group, alleging that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all non-controlling holders of Usiminas ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition. On September 23, 2013, the first instance court dismissed the CSN lawsuit, and on February 8, 2017, the court of appeals upheld the first instance court decision. On March 7, 2023, the SCJ rejected CSN's appeal by majority vote. The composition of the SCJ panel in charge of the case subsequently changed and CSN made several submissions in connection with the SCJ decision, including a motion for clarification with the SCJ that challenged the merits of its earlier decision. At today's session, the SCJ completed its voting on CSN's motion for clarification and reversed, by majority vote, its March 7, 2023 decision and granted CSN an indemnification, with CSN being allowed to retain ownership of the Usiminas ordinary shares it currently owns. Depending on how the indemnification is calculated by other courts, and assuming monetary adjustment and interest through May 31, 2024, the potential aggregate indemnification payable by Ternium Investments and Ternium Argentina could reach up to BRL3.2 billion, or approximately $0.6B and BRL1.1 billion, or approximately $0.2B, respectively. The Company continues to believe that all of CSN's claims and allegations are groundless and without merit, as confirmed by several opinions of Brazilian legal counsel, two decisions issued by the Brazilian securities regulator in February 2012 and December 2016, the first and second instance court decisions and the March 7, 2023 SCJ decision referred to above. The Company also believes that today's SCJ decision on CSN's motion for clarification is contrary to applicable substantive and procedural law. Accordingly, once the SCJ written votes are made available, Ternium Investments and Ternium Argentina will file all available motions and appeals against the SCJ decision," Ternium stated.
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SID | Hot Stocks11:15 EDT Companhia Siderugica Hacional trading halted, news pending
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FOUR | Hot Stocks11:06 EDT FEVO announces Shift4 as preferred payments, POS solution for music partners - FEVO announced that Shift4 will act as its preferred payment processor for all music festivals and General Admission events. The partnership will allow FEVO to support venue, touring and festival clients with seamless payment and checkout solutions across online transactions, mobile ordering, QR-code ticket sales and on-site GA sales - all features that have helped Shift4 become a global leader in payment processing and commerce technology.
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BK BP | Hot Stocks11:05 EDT BNY Mellon appoints Leigh-Ann Russell as CIO - The Bank of New York Mellon Corporation (BNY) announced the appointment of Leigh-Ann Russell as Chief Information Officer and Global Head of Engineering. Ms. Russell will join the company on September 15, reporting to President and CEO Robin Vince, and will be a member of the firm's Executive Committee. Ms. Russell joins BNY from bp (BP) where she most recently served as Executive Vice President of Innovation and Engineering.
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JBLU | Hot Stocks11:03 EDT JetBlue includes free carry-on bag in Blue Basic fare - JetBlue is elevating the value of its Blue Basic fare by including a free carry-on bag for customers flying beginning September 6, 2024, regardless of purchase date. Previously, customers who wished to bring a carry-on bag would need to purchase one of JetBlue's other fare options or purchase an Even More Space seat.
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MLSS | Hot Stocks11:02 EDT Milestone Scientific receives regulatory approval to market CompuFlo in Brazil - Milestone Scientific has received regulatory approval from Brazil's National Health Surveillance Agency to market and sell its CompuFlo Epidural System in Brazil. The approval includes the lumbar, thoracic, and cervical-thoracic junction of the spine.
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HD | Hot Stocks10:33 EDT Home Depot completes acquisition of SRS Distribution - The Home Depot has completed the acquisition of SRS Distribution, Inc. for a total enterprise value of approximately $18.25B. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. The acquisition will increase the company's total addressable market to approximately $1T, an increase of approximately $50B. The combination of the two businesses will accelerate The Home Depot's growth with the residential professional customer. SRS complements The Home Depot's capabilities and enables the company to better serve the complex purchase occasion, while also establishing The Home Depot as a leading specialty trade distributor across multiple verticals.
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IMAX | Hot Stocks10:31 EDT IMAX, Wanda Film expand partnership for technology, content - Wanda Film plans to expand their longstanding strategic partnership with a sweeping agreement spanning technology and content The agreement will secure and fortify Wanda Film's leading IMAX footprint - the largest IMAX circuit in China. Under the terms, Wanda Film will upgrade 61 of its top performing locations to state-of-the-art IMAX with Laser technology - including top-grossing IMAX locations in Tier 1 cities Beijing, Shanghai, Guangzhou, and Shenzhen. Additionally, Wanda Film will renew up to 37 existing IMAX locations for another five years and, subject to mutual understanding, add up to 25 new IMAX locations over the next three years. Furthermore, IMAX and Wanda Pictures will also explore opportunities to collaborate on exclusive awe-inspiring content and experiences across documentaries, music, gaming, and sports. IMAX has a longstanding partnership with Wanda Pictures, the company's production and distribution arm, on feature releases, including 2021's Filmed for IMAX hit "Detective Chinatown 3."
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WBD | Hot Stocks10:31 EDT Warner Bros. Discovery names Chief Communications and Public Affairs Officer - Warner Bros. Discovery (WBD) announced that Robert Gibbs has been appointed Chief Communications and Public Affairs Officer. In this newly created role, he will oversee WBD's corporate and business communications as well as public affairs. Gibbs will officially assume the role on August 5 and report to David Zaslav, Chief Executive Officer. Gibbs most recently served as a Partner at Bully Pulpit International, a strategic communications, public affairs, and corporate reputation advisory firm, and from 2015 to 2019, Gibbs served as the Executive Vice President for Corporate Relations and Global Chief Communications Officer for McDonald's (MCD), the company noted.
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MRX | Hot Stocks10:14 EDT Marex Group appoints Liz Barrett as group head of HR - Marex Group has appointed Liz Barrett as Group Head of HR. Liz joins on June 24, and brings over twenty years of experience in financial services. Liz replaces Karen Neffar who leaves Marex to pursue personal interests and other projects. Reporting to Ian Lowitt, CEO of Marex, Liz will be responsible for the global HR strategy and will be a member of the Executive Committee. Liz brings specific expertise in international business, organisational transformation and culture programmes. Liz joins from Eight Cubed, an HR consultancy, where she has spent the last four years working on a number of international transformation assignments.
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ADRNY K | Hot Stocks10:09 EDT Ahold Delhaize USA, Kellanova, Bartlet announce regenerative agriculture pilot - Ahold Delhaize USA (ADRNY) has announced a partnership with global snacking leader Kellanova (K) and North American agribusiness, Bartlett, to reduce Scope 3 greenhouse gas emissions from wheat farming across the value chain. This collaboration aims to decrease Scope 3 emissions, improving farm and supply chain resiliency. The pilot program, which is expected to kick off this summer, will leverage financial investments from Ahold Delhaize USA, Kellanova and Bartlett to support the adoption of regenerative agricultural practices among wheat farmers in North Carolina. The wheat harvested and milled from these farms will be used alongside conventionally grown wheat to produce Kellanova's iconic Cheez-It and Club(R) crackers. These products will be sold at the local brand stores of Ahold Delhaize USA in 2025.
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STZ | Hot Stocks10:07 EDT Constellation Brands, Topikos Spirit & Beverage announce partnership - Topikos Spirit & Beverage Co. and Constellation Brands announce their partnership, as TOPIKOS becomes the official broker and distributor for Constellation Brands' spirit portfolio across Canada. As part of this partnership, TOPIKOS Inc. will be launching five new brands in Canada, the company noted. "We are proud to announce our partnership with Constellation Brands, marking a significant milestone for our company. We aim to simplify how brands and shoppers connect and deliver profitable outcomes. This collaboration aligns with our vision to become a world-class drinks business that unites consumers, clients, and brands where people gather. We look forward to leveraging our expertise to ensure the success of Constellation Brands' esteemed spirits portfolio in Canada," says Peter Kourtis, TOPIKOS Co-Founder and CEO.
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IDAI AMZN | Hot Stocks10:06 EDT Trust Stamp launches Identity Hub on AWS Marketplace - Trust Stamp announced that the Identity Hub has launched on the AWS Marketplace. The AWS Marketplace offers streamlined procurement, flexible pricing and centralized control and governance including the ability for customers to procure and pay for Trust Stamp's software through their existing AWS account.
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HPE | Hot Stocks10:05 EDT HP Enterprise, Danfoss partner to curb data center energy consumption - Hewlett Packard Enterprise and Danfoss announced their collaboration to deliver HPE IT Sustainability Services - Data Center Heat Recovery, an off-the shelf heat recovery module, helping organizations manage and value waste heat as they transition towards more sustainable IT facilities.
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LICY | Hot Stocks10:05 EDT Li-Cycle rises 10.8% - Li-Cycle is up 10.8%, or 50c to $5.14.
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LZB | Hot Stocks10:04 EDT La-Z-Boy rises 18.5% - La-Z-Boy is up 18.5%, or $6.32 to $40.41.
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COSM | Hot Stocks10:03 EDT Cosmos enters agreement to acquire remaining rights to WIPO-filed patent - Cosmos Health has entered into an agreement to acquire all remaining rights arising from the patent filed with the World Intellectual Property Organization under reference code PCT/EP2023/071865. This follows the agreement announced on December 7, 2023, where Cosmos Health had acquired 60% of the rights. One of the sellers, the prestigious National Hellenic Research Foundation, founded in 1958, is among the largest research centers in Greece. As a non-profit organization supervised by the General Secretariat for Research and Innovationof the Ministry of Development, the foundation has played a crucial role in the development phase. It will continue to support Cosmos Health as it transitions to sole ownership and pursues its commercial objectives.
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CHGG | Hot Stocks10:03 EDT Chegg rises 21.3% - Chegg is up 21.3%, or 56c to $3.17.
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VRE | Hot Stocks10:02 EDT Veris Residential falls -5.8% - Veris Residential is down -5.8%, or -88c to $14.31.
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MSC | Hot Stocks10:01 EDT Studio City falls -9.7% - Studio City is down -9.7%, or -70c to $6.55.
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SPCE | Hot Stocks10:00 EDT Virgin Galactic falls -12.6% - Virgin Galactic is down -12.6%, or -$1.48 to $10.22.
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TOST | Hot Stocks09:54 EDT Toast rises 7.7% - Toast is up 7.7%, or $1.73 to $24.33.
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CHGG | Hot Stocks09:53 EDT Chegg rises 17.8% - Chegg is up 17.8%, or 47c to $3.08.
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LZB | Hot Stocks09:52 EDT La-Z-Boy rises 18.0% - La-Z-Boy is up 18.0%, or $6.14 to $40.23.
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NEE | Hot Stocks09:50 EDT NextEra Energy falls -3.8% - NextEra Energy is down -3.8%, or -$2.74 to $69.57.
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VRE | Hot Stocks09:48 EDT Veris Residential falls -4.7% - Veris Residential is down -4.7%, or -72c to $14.47.
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MSC | Hot Stocks09:47 EDT Studio City falls -9.7% - Studio City is down -9.7%, or -70c to $6.55.
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GAME | Hot Stocks09:43 EDT GameSquare sells 25.5% interest in FaZe Media for $9.5M - GameSquare has sold a 25.5% interest in FaZe Media for $9.5M to an entity controlled by FaZe Media's CEO FaZe Banks. The sale follows an $11M investment by Matt Kalish for 49% of FaZe Media that was completed in May 2024. These transactions value FaZe Media at approximately $40M. GameSquare continues to own 100% of FaZe Esports. FaZe Media is focused on expanding the value of the FaZe brand IP and returning creative control of the brand to its founding leaders who created one of the most influential global internet brands dedicated to gaming, esports and youth audiences. FaZe Media will seek to expand the licensing and sponsorship opportunities for the FaZe brand across many categories, as well as deliver products, merchandise, events and more under the FaZe brand. An entity controlled by FaZe Media's CEO FaZe Banks acquired a 25.5% interest in FaZe Media from GameSquare at a price of $1.66 per share, for total cash consideration of $9.5M. GameSquare intends to use the proceeds of the transaction to invest in growth and support working capital requirements. Following the transaction, GameSquare owns 25.5% of FaZe Media, however, the purchaser has the option to acquire up to 3,230,556 additional shares of FaZe Media held by GameSquare at fair market value, but not less than $2 per share. Under the terms of the transaction, GameSquare will retain voting control of the transferred shares for a period of two years, during which FaZe Media will continue to be consolidated into GameSquare's financial statements. GameSquare will continue to provide certain corporate and agency services to FaZe Media as part of the agreement.
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NGNE | Hot Stocks09:39 EDT Neurogene announces first patient dosed in high-dose cohort of NGN-401 - Neurogene announced that the first patient in Cohort 2 received high-dose NGN-401 gene therapy in the Phase 1/2 trial for female pediatric patients with Rett syndrome, and high-dose NGN-401 has been well-tolerated following dosing in May 2024. The Company also provided an update on interim safety data on the first three patients in the low-dose cohort during the IRSF ASCEND 2024 Rett Syndrome National Summit, which shows that NGN-401 has continued to have a favorable safety profile with no new treatment-related adverse events.
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AGR | Hot Stocks09:33 EDT Avangrid launches AI pilot aimed at enhancing customer service - Avangrid has launched an artificial intelligence pilot aimed at enhancing customer service at its utility subsidiaries. Ava, an AI energy assistant, is now available for customers of Avangrid's New York subsidiaries, New York State Electric & Gas and Rochester Gas and Electric. The company plans to roll out this new feature at its subsidiaries in Maine and Connecticut as well later this year. The pilot project is part of Avangrid's commitment to provide cutting edge technology to increase customer satisfaction and experience. To start, Ava will be focused on answering commonly asked questions for inquiries surrounding bill balance, bill delays, payment arrangement or budget billing, meter reading, understanding your bill, the service start or end process, power outage support, and MyAccount assistance. The goal is to provide customers with an avenue to receive quick answers while also decreasing wait times for the company's call center for customers with more complex questions or situations.
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PURE | Hot Stocks09:31 EDT PURE Bioscience enters international supply, license agreement with AgroVet - PURE Bioscience and AgroVet Alliance have entered into a multi-year international supply and license agreement for the purchase and selling of SDC products under special terms and conditions.
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SYNX | Hot Stocks09:26 EDT Silynxcom secures multiple orders for new tactical system - Silynxcom announced that its latest tactical communication system is gaining traction in the U.S. market. Multiple law enforcement and federal organizations have placed orders for the new system, which the Company believes highlights the product's effectiveness and reliability.
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TYL | Hot Stocks09:24 EDT Tyler Technologies launches electronic lien, title service for New Jersey - Tyler Technologies, in partnership with Champ Titles, and the New Jersey Motor Vehicle Commission, has launched a new electronic lien and title service for vehicle titling. Driven by recently passed legislation, the Motor Vehicle Commission was tasked with implementing a solution that allows electronic submission of required forms and fees. The legislation not only requires the New Jersey Motor Vehicle Commission to implement an electronic lien and title service but also mandates that all lienholders in New Jersey participate in this new electronic program, unless they are otherwise exempt. The new system, whose formal pilot launched in January, allows lienholders financing vehicles in New Jersey to communicate in real time with the New Jersey Motor Vehicle Commission and eliminates the need for those lienholders to hold, manage, and ship secure paper titles.
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TIVC | Hot Stocks09:23 EDT Tivic Health appoints Valauri to board of directors - Tivic Health Systems welcomes Christina Valauri to its board of directors, effective July 1, 2024. Valauri has served as a strategic advisor to the company since April 2023.
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NSYS | Hot Stocks09:23 EDT Nortech Systems appoints Sen to board of directors - Nortech Systems announced the addition of Debarati Sen to the Company's Board of Directors. Sen is currently the Group President for HMTX Industries.
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JAKK | Hot Stocks09:20 EDT Jakks Pacific's unit Disguise in licensing deal with Aniplex of America - Disguise the global costume division of toy and consumer products manufacturer JAKKS Pacific announced a multi-year licensing agreement with Aniplex of America for "Demon Slayer: Kimetsu no Yaiba" in North America, Australia, New Zealand, LATAM, Ireland and the UK. This partnership enables Disguise to design, develop, and manufacture costume accessories inspired by the popular anime series, with new styles set to hit retail shelves and online stores in 2025. "Demon Slayer" is based on the manga series created by Koyoharu Gotoge published under SHUEISHA's JUMP COMICS, and follows the journey of Tanjiro Kamado, a young boy who joins the Demon Slayer Corps after his family is slaughtered by a demon, and his younger sister, Nezuko, is transformed into one. The series chronicles Tanjiro's quest to find a cure for his sister. "Demon Slayer" has garnered widespread acclaim for its gripping storyline, well-developed characters, and stunning animation from the renowned studio ufotable. "Demon Slayer -Kimetsu no Yaiba- The Movie: Mugen Train" set the record as the biggest opening for any foreign-language film released in North America and has become one of the highest-grossing anime films of all time worldwide.
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SHPH | Hot Stocks09:17 EDT Shuttle Pharmaceuticals appoints Timothy Lorber as CFO - Shuttle Pharmaceuticals Holdings announced the appointment of Timothy Lorber, CPA, as the company Chief Financial Officer. The company's current Chief Financial Officer, Michael Vander Hoek, who also serves as our Vice President, Regulatory, will be transitioning out of his role as Chief Financial Officer and will assume the Vice President, Regulatory position on a full-time basis.
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TZUP | Hot Stocks09:17 EDT Thumzup welcomes Baby Blues BBQ to AdTech platform - Thumzup Media welcomes Baby Blues BBQ as one of its most recent advertising partners on its proprietary social media AdTech platform.
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APDN | Hot Stocks09:16 EDT Applied DNA Sciences partners with GenXys Health Care Systems - Applied DNA Sciences announced that its molecular diagnostics subsidiary, Applied DNA Clinical Labs, will utilize the GenXys Health Care Systems suite of clinical decision support software for interpretation and reporting of ADCL's New York State Department of Health-approved TR8 pharmacogenomic test. The partnership is designed to improve patient outcomes and reduce healthcare costs through a data-driven approach that relates an individual's genetic factors to potential responses to prescription drugs. Applied DNA's TR8 PGx assay simultaneously interrogates 120 genetic variants across more than 30 genes that have been shown to affect the rate with which the body absorbs, activates, distributes, and metabolizes drugs, which can, in turn, impact the efficacy and safety of medications. The genetic variations targeted by TR8 PGx are relevant to a broad range of medicines, including cardiac, pain management, cancer, and psychiatric drugs.
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NVO | Hot Stocks09:16 EDT Novo Nordisk to present data from 'key semaglutide clinical trials' at ADA - Novo Nordisk announced the presentation of 34 abstracts "highlighting the breadth of its portfolio" at the upcoming 84th Scientific Sessions of the American Diabetes Association, or ADA, which will be held in-person and virtually from June 21-24 in Orlando. All abstracts will be published on the website of the journal Diabetes. Data from the scientific sessions will be made available after their presentation, the company noted. "Additional data from three landmark trials with semaglutide will also be presented in dedicated scientific sessions. The trials assess additional potential benefits of semaglutide, including evaluation of kidney and cardiovascular endpoints in people with type 2 diabetes and chronic kidney disease and cardiovascular and glucose-related endpoints in people with obesity and CVD, with and without diabetes," the company stated. "We recognise that cardiometabolic conditions like cardiovascular disease, chronic kidney disease, obesity and type 2 diabetes are often interlinked and might occur in the same patient. We need to develop medicines that address multiple facets of the diseases. The broad data being presented this year at ADA reflect this goal. In particular, data from FLOW and SELECT look at ways to treat common comorbidities of diabetes and obesity, such as kidney disease and cardiovascular disease," said Stephen Gough, senior vice president and global Chief Medical Officer at Novo Nordisk.
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LEXX | Hot Stocks09:15 EDT Lexaria Bioscience awards CRO contract for DehydraTECH GLP-1 human study - Lexaria Bioscience has now hired a contract research organization to oversee execution of the Company's 12-week chronic study GLP-1-H24-4 which will evaluate various DehydraTECH-GLP-1 formulations and other treatments with efficacy objectives of weight loss, blood sugar reduction, and more. Study preparations with the CRO have commenced pursuant to an initial start-up agreement under which a number of activities will occur such as full clinical protocol design and writing in consultation with medical experts, regulatory authority submissions, and data management planning. The Study will be conducted using a number of clinical investigational sites in Australia as a registrational Phase 1b study within Australian clinical regulatory authority regulations. Upon completion, the Study is expected to be equally regarded as a Phase 1b registrational study by the U.S. Food and Drug Administration.
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CPXWF | Hot Stocks09:13 EDT Capital Power says Genessee Generating Station now 100% natural gas-fueled - Capital Power announced that the Genesee Generating Station is now 100% natural gas-fueled, resulting in the facility being off coal over 5 years ahead of the Alberta government mandate. As part of the Genesee Repowering project, the facility completed simple cycle commissioning for Unit 1 on May 3, simple cycle testing is underway on Unit 2, and Unit 3 has transitioned to natural gas. The project continues to progress with combined cycle completion expected in Q4 2024, which will result in 512 MW of additional net high efficiency, low heat rate capacity from the site.
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SINT | Hot Stocks09:11 EDT Sintx Technologies announces exploration of potential strategic options - SINTX Technologies announced that its Board of Directors has initiated a process to explore potential strategic options for the Company. SINTX has multiple business lines focused on technical materials, with manufacturing and R&D sites located in Salt Lake City and Millersville, MD. In addition to its FDA-approved silicon nitride ceramic spinal fusion devices, the Company has developed ceramic-polymer composites, a novel technology that addresses other medical devices, such as implants for lower extremity fusion. Based on extensive peer-reviewed published data, the key advantages of the Company's proprietary medical-grade silicon nitride include its proven biocompatibility, inherent resistance to bacteria and viruses, bone cell stimulation, and ease of radiographic imaging. More recently, the Company's femoral head technology has attracted renewed interest from several global partners. The Company's silicon nitride is also being utilized in several aerospace engine applications, with two long-term supply agreements in this market...There can be no assurance that the strategic process will result in the Company pursuing any particular transaction or outcome. The SINTX Board has not set a timetable for completion of this process, and it will not disclose further developments until such time that the Company determines that further disclosure is appropriate or necessary.
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ROP | Hot Stocks09:11 EDT University of Notre Dame launches mobile credentials with CBORD - CBORD announced the launch of mobile credentials at the University of Notre Dame. This solution allows students, faculty and staff to use their smartphones and other mobile devices for secure, convenient access across campus. The mobile credentials initiative at Notre Dame marks a significant advancement in campus life, enhancing convenience and security for the entire university community. With mobile credentials, users can seamlessly enter buildings, make purchases and manage their campus activities, all from their mobile devices. This integration underscores Notre Dame's sustainability goals, which include a commitment to becoming carbon neutral by 2050. The launch of mobile credentials at Notre Dame includes a comprehensive rollout that enables the university community to access residence halls, academic buildings, dining facilities and other campus services, on and off campus, using their mobile devices. Additionally, the CBORD system offers enhanced security features, ensuring that personal information and campus data remain protected.
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RXT | Hot Stocks09:10 EDT Rackspace Technology says FAIR has completed over 40 global AI implementations - Rackspace Technology celebrates the first anniversary of the launch of Foundry for AI by Rackspace, marking a year of groundbreaking achievements and innovation in implementing Responsible AI solutions. FAIR has completed over 40 successful global AI implementations across several industries in its first year, including financial services, real estate, education, and government services. In addition, FAIR achieved a high level of technical excellence by securing several AI, Generative AI Applications, Data, and Infrastructure certifications on Microsoft Azure, Amazon Web Services, and Google Cloud.
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UAVS | Hot Stocks09:09 EDT Ageagle Aerial Systems announces $2M drone sale to UAE distributor - AgEagle Aerial Systems has announced that the Company has secured a purchase order to deliver 20 eBee VISION full-stack systems with control systems, batteries, backpacks, and limited spares, to a leading distributor in the United Arab Emirates UAE . The value of this system contract is expected to be approximately $2 million for fiscal year 2024. Bill Irby, CEO of AgEagle, commented, "As the need for enhanced public safety and security grows globally, we are grateful to support another government customer with best-in-class UAV defense solutions for their intelligence, surveillance and reconnaissance missions."
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TURN SCOR | Hot Stocks09:09 EDT 180 Degree Capital congratulates Matt Mclaughlin on election to Comscore board - 180 Degree Capital (TURN) congratulated Matt McLaughlin on his election to the Board of Directors of comScore (SCOR). 180 Degree Capital originally nominated Matt to SCOR's Board based on his deep background and experience in the adtech and measurement industries having served as COO of DoubleVerify Holdings. 180 Capital said, " For over two years we have sent SCOR's Board a series of private and public letters that include a myriad of recommendations we believe it could take to maximize value for all of SCOR's stakeholders. Recently, we have stayed mostly silent as we were hopeful the nomination of Matt to join SCOR's Board was an indication that it takes its governance role seriously and that it would finally take action on other pressing items. After all, representatives of SCOR's Board with whom we have spoken with, primarily its Chairman, Nana Banerjee, have repeatedly told us they aren't sitting on their hands and are contemplating many ideas for addressing these pressing issues. Alas, the only thing it appears SCOR's Board has been able to agree on is the addition of Matt to its Board; it has failed to reach conclusion on substantially all of the outstanding issues that continue to plague the value of SCOR's common stock. One would think by now there would be some level of urgency to counteract the 90% decline in the share price that has occurred under this Board's watch. Shame on us for having a glass-half-full outlook regarding the ability of this Board to create value. hat said, we will not sit idly by, and therefore we thought it would be helpful to reiterate the multitude of suggestions we have made in numerous public and private communications regarding steps that SCOR's Board and Preferred Stockholders could take to demonstrate alignment with, and create value for, all stakeholders, including common stockholders, and most importantly, the hardworking employees of SCOR: Materially lower the levels of compensation paid to SCOR's directors to be in-line with similar sized public companies. Furthermore, the Preferred representatives who are employees of the Preferred holders should waive all compensation. In 2023, SCOR's completely ineffective Board received aggregate compensation of almost $900,000 in cash and $2.3 million in total when including stock-based compensation. This level of compensation by any metric is excessive, particularly given the size of SCOR, and egregious given the failure of the Board to build value for all stakeholders. We also reiterate that board compensation paid to appointees of the preferred stockholders should reduce any accrued dividends due to such preferred stockholders. Reduce the size of the Board to be comprised of those directors who provide critical value to the future of SCOR and a maximum of one director per preferred holder. The other directors can shift to board observers if their participation in meetings is viewed as imperative. While we are delighted Matt McLaughlin has joined the Board, 11 members is entirely too large for a company of this size. Persuade the Preferred Stockholders to take their historical accrued dividends and the upcoming dividend in common stock at a significant premium to the current stock price versus cash. This step will allow SCOR to retain cash for investment into its business while showing alignment with common shareholders. If the preferred stockholders show alignment with common stockholders, we believe SCOR's common stock is likely to climb well above the price at which they are willing to take their dividend. Provide transparency on processes that SCOR's Board will use if a special dividend is called. While the size of the potential special dividend will decrease materially to less than $50 million with the next scheduled normal dividend, it is incumbent on SCOR's Board to remove ambiguities around the potential remaining amount and state clearly that such payment is highly unlikely to be made, even if called, based on its responsibilities under Delaware corporate law. We will hold the Board accountable to adhere to Delaware Law on this topic. Should SCOR's Board, even with the addition of Matt, be unable to resolve its existing dysfunction, we request that SCOR hire one or more outside parties to come in and break this Board of its inability to act. A management consulting company could provide the Board with steps it can take to improve its governance and alignment with common shareholders. An investment bank would be able to provide options for how to create the most value. If that means selling the whole company, then so be it. If that means selling an asset, then do that. All we hear from representatives of SCOR is that SCOR's Board can't agree on a direction. Deadlock is completely unacceptable at this stage, and we believe SCOR's Board either needs to conclude or arrive at a process to help it conclude. We encourage SCOR's Board to publicly announce such decisions to show it is taking this step seriously."
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C | Hot Stocks09:08 EDT Citi no longer the financial supermarket of the past, says CEO Faser
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C | Hot Stocks09:06 EDT Citi starting to see benefits of unified spread products, says CEO Fraser
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C | Hot Stocks09:06 EDT Citi CEO Fraser: High returns of Services unit at heart of strategy - Comments taken from Citi's Services Investor Day event.
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EDBL | Hot Stocks09:06 EDT Edible Garden implements proprietary 'Shrink Savings' solutions - Edible Garden announced the implementation of several proprietary "shrink savings" innovations related to its basil product offering, designed to reduce product spoilage typically experienced by retailers. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are excited about implementing several new proprietary innovations, primarily focused on packaging and shipping, which are expected to significantly prolong the shelf life of our basil products, thereby reducing spoilage and driving cost savings for our retail partners. These innovations are an important competitive differentiator and build on our other unique solutions. For instance, our patented self-watering in-store display has already transformed the way plants are displayed, ensuring they remain fresh for longer and greatly minimizing waste at retail outlets. Aligned with our Zero-Waste Inspired mission, these proprietary innovations allow retailers to showcase plants at their peak, minimizing waste and providing superior products to our customers. These new innovative solutions will be introduced at the Company's annual sales meeting on Thursday, June 20, 2024."
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ACAD | Hot Stocks09:06 EDT Acadia Pharmaceuticals presents interim data from LOTUS study - Acadia Pharmaceuticals announced that interim data from the open-label real-world LOTUS study will be presented at the 2024 International Rett Syndrome Foundation, IRSF, Annual Scientific Meeting, being held this week in Westminster, Colorado. LOTUS is an ongoing, caregiver-reported study evaluating the efficacy and tolerability outcomes in patients with Rett syndrome treated with DAYBUE. "These interim data from the LOTUS study reinforce that the clinical effectiveness of DAYBUE in the real-world setting is consistent with results observed in the DAYBUE Phase 3 clinical trial program and further characterize what Rett syndrome symptom improvements may look like to caregivers," said Ponni Subbiah, M.D., M.P.H., Senior Vice President, Global Head of Medical Affairs and Chief Medical Officer. "These initial findings also illustrate caregivers' strategies to manage gastrointestinal tolerability in the real world and underscore the value of education and effective implementation of diarrhea management strategies to help families improve the patient experience."
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SUGP | Hot Stocks09:05 EDT SU Group enters distribution agreement for automatic doors in Hong Kong - SU Group has expanded its security products and solutions portfolio after agreeing to become the exclusive distributor of MATZ-ERREKA's automatic doors and gates in Hong Kong. The company expects this will create a new revenue stream and growth accelerator. MATZ-ERREKA is a specialist in automatic doors and automation systems, dedicated to designing, manufacturing and installing automated systems for entrances and automatic access control. Headquartered in Spain, MATZ-ERREKA has a foothold in South America, Europe, Mexico, India and Thailand.
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GTN | Hot Stocks09:05 EDT Gray Television announces expiration, final results of cash tender offer - Gray Television announced the expiration and final results of its previously announced offer to purchase for cash any and all of its outstanding 5.875% Senior Notes due 2026, subject to certain terms and conditions set forth in the Offer to Purchase dated May 20, 2024. According to information provided by D.F. King & Co., Inc., the Information Agent and Tender Agent for the Tender Offer, as of 11:59 p.m., New York City time, on June 17, 2024, no additional Notes have been validly tendered and not withdrawn after the early tender date, which was at 11:59 p.m., New York City time, on June 3, 2024, and prior to the Expiration Date. As a result, Gray is not purchasing any additional Notes, and $9,968,000 principal amount of the Notes remain outstanding following the Expiration Date.
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QUAD | Hot Stocks09:04 EDT Quad/Graphics partners with Swiftly - Quad/Graphics has partnered with Swiftly, a retail technology and media company, to distribute engaging brand content on In-Store Connect by Quad, an in-store retail media network. The collaboration supports Quad's ongoing focus to advance the in-store shopping experience by leveraging Swiftly's industry-leading platform to bring the best elements of digital commerce into physical store environments.
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CBRE | Hot Stocks09:04 EDT CBRE Group announces acquisition of Direct Line Global from Guardian Capital - CBRE Group announced the acquisition of Direct Line Global from Guardian Capital, a private equity firm. The acquisition is expected to be immediately accretive to CBRE's core earnings-per-share. "This acquisition fits squarely with our strategy of enhancing our capabilities in asset classes that benefit from secular tailwinds - in this case, the increasing digitization of the global economy," said Vikram Kohli, chief operating officer of CBRE. "Direct Line Global perfectly complements our existing data center management capabilities and provides us with best-in-class technical capabilities that differentiate our service offering."
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BNET | Hot Stocks09:04 EDT Bion Environmental, Stovall Ranching partner to produce Montana beef - Stovall Ranching Companies and Bion Environmental Technologies will partner to develop a new-generation cattle feeding facility. Turk Stovall will join Bion's Board of Directors and lead a joint venture between Stovall Ranching Companies and Bion to develop the project. The facility will produce premium quality Montana beef that the partners believe will be the 'cleanest', most eco-friendly finished beef in the marketplace. Thee Stovall/Bion cattle project is planned to construct a 15,000 head capacity facility at Stovall's Yellowstone Cattle Feeders, in Shepherd, Montana. Cattle will be finished in barns designed for feed efficiencies and cattle welfare, while being outfitted with solar generation and advanced waste treatment and resource recovery systems provided by Bion's patented closed-loop technologies. The Bion Gen3Tech system will harvest organic and low-carbon nitrogen fertilizers from the volatile ammonia in the waste, methane that can be upgraded to Renewable Natural Gas, and clean water. Resource recovery will simultaneously minimize the facility's environmental impacts to air or water. Most of the facility's energy requirements are anticipated to be generated onsite with solar. Environmental benefits and improved resource efficiencies will be independently verified and communicated to stakeholders, and to consumers that increasingly demand eco-sustainable choices and are willing to pay for it.
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UBER | Hot Stocks09:03 EDT Uber announces new partnership with Save A Lot - Uber Technologies announced the start of a new partnership with St. Louis-based Save A Lot, one of the country's largest discount grocers with more than 600 independently owned grocery locations serviceable by Uber across 32 U.S. states. Over 150 Save A Lot stores will kick off the partnership that allows Save A Lot Retail Partners to add on-demand and scheduled delivery from the Uber Eats app. In addition, Save A Lot shoppers will also be able to use their Health Benefit cards to purchase thousands of items via Uber Eats. Health Benefit cards offer a convenient way for eligible individuals to purchase groceries and over the counter drugs using their healthcare benefits. For Save A Lot customers with an approved Health Benefit card issued by a Medicare Advantage or Medicaid plan, their Health Benefit payment method will be accepted by Uber Eats, helping them conveniently access eligible grocery items from Save A Lot via Uber Eats.
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STX EBAY | Hot Stocks09:03 EDT Seagate teams up with eBay to expand hard drive circularity program - Seagate Technology (STX) announced its sustainability collaboration with e-commerce site eBay (EBAY). The agreement establishes Seagate's official storefront on eBay as a direct channel for consumers to access factory-recertified hard drives as part of the Seagate Circularity Program.
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CLSK BTC | Hot Stocks09:02 EDT CleanSpark acquires five new Bitcoin mining facilities in Georgia - CleanSpark (CLSK) has entered into definitive agreements to acquire five turnkey bitcoin mining facilities in rural Georgia for a cash payment of $25.8M. The purchase is expected to close immediately, with the operating hashrate of the combined facilities anticipated to exceed 3.7 EH/s upon full installation of the latest generation S21 pro miners. The five sites range in size from 8 MW to 15 MW, for a total of 60 MW, and include interruptible-load designated power purchase agreements. The definitive agreements include the purchase of mining data centers and equipment at each site, excluding the miners, and the assumption of the underlying real property leases and power agreements by the company. CleanSpark currently owns and operates about 300 MW of infrastructure in Georgia. After these newly announced sites go live, and after Sandersville is fully energized, the company will operate over 400 MW of infrastructure in Georgia.
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SBH CART | Hot Stocks09:02 EDT Sally Beauty, Instacart partner to offer same-day delivery - Sally Beauty, the professional hair color and care retailer under Sally Beauty Holdings (SBH), and Instacart (CART) announced a nationwide partnership to offer same-day delivery in as fast as an hour from more than 2,200 Sally Beauty store locations across the country. Customers can now select from over 7,000 products, including hair color, hair care products, and items for skin and nails from proprietary brands, delivered directly to their doorstep. Following a successful initial collaboration with Instacart earlier this year, the partnership with Sally Beauty is now available nationwide. This collaboration combines Instacart's efficient delivery network with Sally Beauty's extensive range of quality beauty products to offer consumers unparalleled convenience.
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AI | Hot Stocks09:02 EDT C3.ai announces appointment of McCarthy to advisory board - C3 AI announces the appointment of Kevin McCarthy, the immediate past Speaker of the House, to its advisory board. McCarthy will play a role in guiding C3 AI's expansion of AI solutions among all levels of government, as well as fostering relationships with allied nations.
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AZEK GS | Hot Stocks09:01 EDT Azek announces $50M accelerated share repurchase program - The AZEK Company (AZEK) announced it has entered into an accelerated share repurchase agreement with Goldman Sachs (GS) to repurchase $50 million of the Company's Class A common stock.
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VRRM | Hot Stocks08:57 EDT Verra Mobility partners with Bluedot to offer EV charging capabilities - Verra Mobility announced a partnership with all-in-one electric vehicle - EV - fleet management platform Bluedot to offer charging capabilities to fleet customers. By partnering with Bluedot, Verra Mobility now offers its fleet customers the ability to find, charge, and automatically pay for charging at over 80% of public charging stations in the U.S. Bluedot offers an all-in-one platform that automates payments for public charging. This system consolidates billing across different networks. In addition, Bluedot provides comprehensive home charging solutions. As part of the original partnership deal, Verra Mobility will now offer Bluedot's fleet EV charging solution to new and existing customers.
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NEOV | Hot Stocks08:57 EDT NeoVolta expands into high-potential regions such as Hawaii, Texas, Florida - NeoVolta announced a compelling shareholder letter from newly appointed CEO Ardes Johnson. The letter outlines Johnson's strategic initiatives aimed at driving rapid growth and seizing opportunities in the residential and commercial energy storage markets. National Sales Team Formation: NeoVolta has successfully assembled a national sales team targeting key renewable energy distribution centers, ensuring a robust presence across the U.S. Strategic Partnerships Initiated: The company has begun collaborations with leading solar installers in California, Nevada, and Florida, positioning itself to capture a larger market share. Advanced Conversations for Next-Gen Systems: Johnson initiated discussions with partners to develop the next generation of NeoVolta's energy storage systems, setting the stage for future innovation. Upcoming Strategic Moves for Rapid Growth: Expansion into Top U.S. Markets: NeoVolta is actively expanding into high-potential regions such as Hawaii, Texas, Florida, and Puerto Rico, with regionally based sales teams to maximize reach and service.
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APPF | Hot Stocks08:56 EDT AppFolio announces series of innovaions with Realm-X capabilities - AppFolio announced a series of innovations to advance its product vision of creating a world where choosing, investing in, owning, living in, and managing communities feels magical and effortless. The company announced new capabilities in AppFolio Realm-X, its embedded generative AI that provides intelligent, real-time assistance by combining the latest foundation models with industry-specific context. Additional innovations include enhancements to AppFolio's student housing and affordable housing solutions and new AppFolio Stack marketplace partners. Starting today, every AppFolio user can access Realm-X Assistant and Realm-X Messages. The first of their kind in the industry, these solutions give property managers and their teams a new way to experience AppFolio while achieving significant productivity gains, all within AppFolio's one powerful platform. Realm-X Assistant is a co-pilot experience, accessible everywhere in AppFolio to get work done faster and easier. With a single prompt, Realm-X Assistant can generate reports, initiate individual and bulk tasks, and automate time-consuming tasks for managing vendors, residents, properties, and owners Realm-X Messages is a reimagined inbox that helps property managers sort through, act on, and respond to routine resident communications. Realm-X Messages uses a message's context to guide users towards appropriate steps, and provide quick, clear, and relevant replies with personalized details.
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ECDA | Hot Stocks08:55 EDT ECD Automotive Design begins production of custom Mustang - ECD Auto Design begins production of its first custom Mustang. As the classic Ford Mustang celebrates its 60th anniversary, ECD Auto Design is reimagining the classic car experience with never-before-seen levels of craftsmanship and modern performance upgrades. Please CLICK HERE for photos and video. For sixty years, the Ford Mustang has enchanted car enthusiasts with its power, style, and cultural allure, becoming synonymous with American performance and style. Every custom Mustang built by ECD Auto Design will be a one-of-one masterpiece paying homage to the iconic design of the past with updated features to improve performance, safety, and comfort.
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WAMFF | Hot Stocks08:54 EDT Western Alaska Minerals commences drilling at Illinois Creek - Western Alaska Minerals announced that drilling has commenced on its 100% owned Illinois Creek property in western Alaska. Initial drilling is focused on new target zones to expand and link together mineralization along 6 to 8 km of this silver-rich carbonate replacement system. Highlights: OBJECTIVE: Tie the individual zones of the CRD system together, beginning with "LH" and "Warm Springs priority areas, then linking them to the "Illinois Creek Mine" zone. BUDGETED PROGRAM: 4,000m of diamond core drilling with potential to expand. DRILL TARGETS are located along approximately 5 km of an 8 km long, SW-NE oriented trend connecting the Waterpump Creek, Warm Springs and Illinois Creek Mine systems. Initial targets lie 2.5 km and 5 km respectively, from the high-grade Waterpump Creek silver-zinc-lead NI 43-101 inferred resource containing 74.9 Moz at 980 g/t AgEq with later drilling tentatively planned near the Illinois Creek Mine zone, which lies anther 2 km along the trend. Target Zone #1: "LH" strongly resembles Waterpump Creek with historic high-grade oxide intercepts lying up-dip from the target zone and similar surrounding geophysical and soil geochemical signatures. Target Zone #2: "WARM SPRINGS" lies close to the past-producing Illinois Creek gold mine, interpreted to lie near the source of the system. WS also shows historic high-grade oxide intercepts up-dip from the target zone and similar geophysical and soil geochemical signatures to Waterpump Creek. STRATEGIC LOGISTICS, MAXIMIZING EFFICIENCY: Drilling will be executed by 2, 12 hour shifts of drillers operating two Company-owned, high capacity drill rigs set up on the widespread target zones. Drilling will alternate between the zones, permitting the technical team to fully incorporate the results of each drill hole into planning of the next, while greatly reducing drill rig move time and expense. CEO, Kit Marrs stated, "Original continuity of mineralization is a hallmark of CRDs and the high grades and lateral consistency of mineralization shown by our new resource study tells us that there should be potent mineralization extending across Illinois Creek from Waterpump to the old open pit mine, which we think marks the source of the system. We are excited to undertake linking the known mineralization zones along this trend through aggressive step-outs guided by our exploration model, mineralization cut in historic drilling and our recent geophysical and geochemical studies." Mr. Marrs continued, "Drillers and technical crews arrived during the first week of June and began testing the LH zone right on schedule on June 6th."
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CEI | Hot Stocks08:51 EDT Camber Energy announces pilot pogram with telecom provider in Western Canada - Camber Energy announced a new project with Western Canada's largest telecom provider concerning the installation, servicing and testing of a unique Hybrid Generator system utilizing cutting edge Lithium Titanate Oxide Battery storage, commonly referred to as "LTO batteries", to support continuous connectivity to cell towers in remote regions in the country. The pilot project will take place near Conklin, AB, where the average winter temperature hovers around three degrees Fahrenheit. The sub-zero conditions in this strategically selected location will truly test the performance of the LTO batteries as they are included in a sophisticated, hybrid generator system designed to provide uninterrupted cellular connectivity at a lower cost than traditional methods. If this industry-leading initiative is deemed successful, the telecom provider proposes to convert approximately fifty additional sites to a hybrid power support system, resulting in approximately twenty-five percent less fuel consumption at these remote locations. Camber's majority-owned subsidiary, Simson-Maxwell Ltd., has been engaged to manage this special pilot project in Conklin. Separate from this engagement, Simson-Maxwell Ltd. services approximately 800 power systems on behalf of this leading telecom provider.
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CRML | Hot Stocks08:50 EDT Critical Metals completes initial investment for Tanbreez acquisition - Critical Metals has completed the initial investment as part of its recently announced plans to acquire Tanbreez, one of the world's largest known rare earth assets. In exchange for 5.55% of Tanbreez, Critical Metals Corp has provided an initial investment of $5.0 million to Rimbal Pty Ltd., a company controlled by geologist Gregory Barnes, the current owner of the Tanbreez project.
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VVPR | Hot Stocks08:49 EDT VivoPower's Tembo secures 200 Tuskers worth $10M - VivoPower International announced that its electric vehicle subsidiary, Tembo E-LV has secured a minimum 200 committed Tembo Tuskers, its full electric pick up utility vehicle for delivery to customers and partners in Australia and New Zealand by February 2026. This is following Australian pick up truck sales in May 2024 of approximately $700m and stronger than expected interest at a leading Australian mining focused trade show. The Tembo Tuskers come in both left hand and right hand configurations, with single and dual cab options available. They have a base range of 330 kilometres, as well as a payload capacity of 1 tonne, and an unbraked towing capacity of 750 kilograms. Importantly they are priced at 15% below other comparable electric utility vehicles in the launch markets of Australia and New Zealand. The initial order of Tembo Tuskers is being prepared for delivery to partners and customers in Australia, with full on-road homologation on track to be granted by July 2024. Tembo will now seek to fast track its strategy of bringing the Tuskers to other markets where it has customers and partners, including the United Arab Emirates, Africa, Europe, Asia and Canada, amongst others.
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AISP | Hot Stocks08:48 EDT Airship AI announces contract for Acropolis Enterprise Video platform - Airship AI Holding has been awarded a large fiv year system expansion contract for a Fortune 100 company leveraging the Company's Acropolis Enterprise Video and Data Management platform supporting operational and physical security requirements."This award represents a significant upgrade to an existing deployment of our Acropolis eco-system, used by the customer to federate and manage global logistical operations from a single security operations center," said Paul Allen, President of Airship AI. "The capabilities being deployed as part of this expansion will better enable the customer to leverage Airship's platform to enhance physical security on a global scale and to further improve operational efficiency and effectiveness at major sites through our integrations of edge data sensors used in their day-to-day operations." Airship AI's Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital eco-system, via hardware deployed on-premises or in the cloud, while utilizing Artificial Intelligence AI at the edge and or the backend to optimize operational efficiency and improve real-time decision-making capabilities. Combining the sensor-agnostic nature of our Acropolis platform with our edge-based AI platform Outpost AI customers can efficiently add "smarts" to existing edge sensors, avoiding costly and operationally disruptive rip and replace requirements.
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VCIG TGL | Hot Stocks08:48 EDT VCI Global partners with Treasure Global for e-commerce in Southeast Asia - VCI Global Limited (VCIG) through its subsidiary, Credilab unveiled its strategic collaboration with Treasure Global (TGL) to enhance TGL's e-commerce platform, ZCITY App, into an advanced AI-driven Super App. In this strategic partnership, VCIG will leverage TGL's extensive user base of approximately 3 million users, gaining immediate market access to expand its comprehensive suite of financial services. As fintech assumes a pivotal role in today's digital economy, its impact on e-commerce is indispensable, offering sophisticated tools and platforms that seamlessly streamline transactions. In this new partnership, Credilab is bringing its cutting-edge proprietary fintech and microfinancing capabilities and leveraging VCIG's collaboration with Cogia GmbH, offering industry-leading secured messaging technology, which converges fintech and e-commerce. By incorporating secured messaging, a digital wallet, and AI-driven microfinancing features into TGL's ZCITY Super App, this integration promises a revolutionary unified platform that elevates every aspect of digital transactions, delivering a seamless, secure, and highly efficient user experience.
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TGL VCIG | Hot Stocks08:47 EDT Treasure Global unveils AI-driven ZCITY Super App - Treasure Global (TGL) announces a strategic partnership with Cogia and Credilab to integrate secured messaging, digital asset wallet, and micro-financing solutions in building an AI-driven "Super App", spearheaded by the company's new leadership. Leveraging its partnership with Cogia, the Company aims to integrate secured messaging and a digital asset wallet into its e-commerce platform, the ZCITY Super App. These features enhance user engagement and deliver a seamless, secure, and highly efficient user experience. Cogia is a Germany-based software company that offers AI-based, fully privacy-compliant solutions in the areas of secure communications, cybersecurity, Big Data Analytics, and web monitoring. The Company collaborates with Credilab to integrate AI and fintech technologies into the ZCITY Super App, which will offer micro-financing services to its extensive user base of approximately 3 million members. Credilab is a wholly owned subsidiary of VCI Global Limited (VCIG).
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REBN | Hot Stocks08:46 EDT Reborn Coffee launches on Amazon, expanding OMNI-channel strategy - Reborn Coffee announced its official launch on Amazon. This strategic move enhances the Company's OMNI-channel approach, aiming to drive substantial revenue growth and capture a wider online customer base. According to Grand View Research, the global coffee market is projected to reach $144.7B by 2025, with a significant portion driven by specialty coffee. In the United States alone, the online specialty coffee market is expected to grow at a CAGR of 8% from 2023 to 2025, reaching an estimated value of $5.5B by 2025
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BBKCF | Hot Stocks08:44 EDT Bigg Digital Assets's TerraZero deploys Stripe integration - BIGG Digital Assets reports that TerraZero has successfully implemented Stripe into their Intraverse technology ecosystem to facilitate ecommerce for merchants, artists, brands, and TerraZero. TerraZero worked with PricewaterhouseCoopers to form a go-to-market strategy for payments, culminating in the selection of Stripe as the technology for payments. This gives artists, brands, creators and other merchants looking to monetize their crafts on Intraverse a secure way to sell, and an equally secure system for users across the platform to make purchases. Stripe saw an increase of 25% in total payment volume in 2023, and crossed the $1 Trillion in total payment volume threshold, according to Stripe's March 13, 2024 annual letter. TerraZero has already used Stripe to conduct ecommerce sales for multiple activations, including their most recent activation with Napster and artist Ric Wilson, which featured a limited edition t-shirt for purchase. The Intraverse Stripe integration allows merchants on the platform to transact directly with customers, and sell both physical and virtual merchandise.
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INBS | Hot Stocks08:43 EDT Intelligent Bio Solutions begins subject dosing, sampling for PK study - Intelligent Bio Solutions is entering the next phase of its planned 510(k) submission to the FDA. The Company has successfully completed subject screening for its Pharmacokinetic Study and will begin dosing and sampling study subjects today. INBS' PK study is a key step towards the Company's planned 510(k) submission to the FDA during the fourth quarter of this year. FDA clearance is required to show that INBS' fingerprint drug screening technology is safe and effective and would result in the Company's ability to enter the substantial US market, currently planned for the first half of 2025. INBS aims to complete the dosing and sampling of the recruited subjects by the end of June 2024, with a review of the PK study results expected to be finalized by the end of July 2024. The PK study will provide insights into the metabolism, distribution, and excretion of opiates, with a specific focus on human sweat. The study will gather and analyze fingerprint sweat samples and compare the results with blood, saliva, and urine samples.
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FOXO | Hot Stocks08:42 EDT Foxo Technologies secures up to $2.8M in senior notes from investor - FOXO Technologies has secured up to $2.8 million in Senior Notes from an institutional investor to fund the previously announced acquisition of Myrtle Recovery Centers, Inc. as well as provide additional working capital to support the Company's growth strategy.
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BNZI | Hot Stocks08:41 EDT Banzai releases mid-year customer satisfaction results - Banzai International announces its record-setting mid-year customer satisfaction results for 2024. Demonstrating unwavering commitment to excellence, for the year to date 2024, Banzai has achieved an outstanding Net Promoter Score of 53 and an exceptional Customer Satisfaction score of 96.1%. These remarkable metrics underscore Banzai's dedication to exceeding customer expectations consistently. An NPS of 53 places Banzai in the 'excellent' category, reflecting the high likelihood of customers to recommend Banzai's solutions to others. The CSAT score of 96.1% signifies top-tier performance, indicating that Banzai's customers are overwhelmingly satisfied with their experiences. In addition to these achievements, Banzai is honored to have received the prestigious CMSWire IMPACT Gold award in the Customer Journey Innovation category. This accolade recognizes outstanding contributions to enhancing customer experiences and digital marketing. Banzai's innovative approach has significantly optimized customer journeys and increased net revenue retention.
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ELTX | Hot Stocks08:40 EDT Elicio Therapeutics reports inducement grants - Elicio Therapeutics announced that on June 17, 2024, the Company granted an aggregate of 5,400 inducement stock options to two new employees, as an inducement material to each individual entering into employment with Elicio in accordance with Nasdaq Listing Rule 5635(c)(4). The inducement stock options were approved by the Compensation Committee of Elicio's Board of Directors and granted under the Elicio Therapeutics, Inc. 2024 Inducement Incentive Award Plan. Each grant provides for the purchase of shares of Elicio common stock at a price of $7.98 per share, the closing price per share of Elicio common stock as reported by Nasdaq on June 17, 2024, the date of the grant. The grants vest over four years, with 25 percent of the shares vesting on the first anniversary of each employee's respective start date, and the remainder vesting ratably at the end of each subsequent month thereafter, subject to such employee's continued service relationship with Elicio through the applicable vesting dates.
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KOPN | Hot Stocks08:40 EDT Kopin receives contract from U.S. Army to develop AR display optics - Kopin Corporation announced it has received a contract from the U.S. Army to develop novel see-through Augmented Reality, AR, display optics for dismounted soldier vision system applications.
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DDD | Hot Stocks08:40 EDT 3D Systems introduces EXT 800 Titan Pellet - 3D Systems announced the latest addition to its industry-leading portfolio of EXT Titan Pellet systems - the EXT 800 Titan Pellet. With a build volume of 800 x 600 x 800 mm, this new pellet extrusion system harnesses the speed, reliability, and efficiency of the Company's large-format EXT Titan Pellet systems in a more compact format with lower upfront investment. As a result, manufacturers can take advantage of the lights-out, production-ready EXT 800 Titan Pellet to fabricate more modestly sized functional prototypes, tooling, fixtures, sand casting patterns, thermoforming molds, and end-use parts. With print speeds up to 10x faster and 10x lower material costs than traditional filament-based systems, the EXT 800 Titan Pellet is designed to efficiently, cost-effectively address applications in a breadth of markets including foundries, aerospace & defense, thermoforming, prosthetics & footwear, and research.
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ITI | Hot Stocks08:40 EDT Iteris selected to support IIJA-funded northwestern Illinois region - Iteris announced it has been chosen to support Stephenson County, Illinois and the Blackhawk Hills Regional Council in completing a safety analysis of the area's transportation infrastructure. Iteris is subconsultant to Kaskaskia Engineering Group, a trusted local full-service civil engineering, environmental, and contracting firm. Iteris will be an active part of their team, providing a safety analysis, equity analysis, and an identification of safety improvement countermeasures for the rural six-county area in Northwestern Illinois. The aim of the project is to comprehensively evaluate safety challenges in the area to identify solutions that can help the region's crash reduction goals. This project is funded by the Safe Streets and Roads for All initiative, an important federal safety grant program under the Infrastructure Investment and Jobs Act, IIJA.
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RELI | Hot Stocks08:39 EDT Reliance Global expects to close Spetner acquisition in 2H24 - Ezra Beyman, Chairman and CEO of Reliance Global Group, commented, "We are excited to share that the anticipated impact of the pending Spetner Associates acquisition is surpassing our initial expectations. Spetner's BenManage voluntary benefit insurance segment has expanded significantly, now covering 85,000 employees-a phenomenal increase from the 45,000 employee lives it covered at the time we first announced the acquisition. While the transaction and due diligence have taken time to complete, we could not be more excited about the continued growth in the underlying business. This is expected to be the largest acquisition in the Company's history and is set to be a key inflection point for Reliance, projected to double our annual revenues to an estimated $28 million. Our ultimate goal is to build a highly profitable business that delivers substantial returns to our shareholders. We are confident that this transformational acquisition will open up significant opportunities that align perfectly with our 'OneFirm' go-to-market strategy. We are committed to establishing Reliance as a powerful, technology-driven enterprise that prioritizes sustainable profitability, as well as increased shareholder value, and believe that the acquisition of Spetner Associates will significantly accelerate our growth." The Company currently anticipates that the acquisition will close in the second half of 2024.
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OSIS | Hot Stocks08:38 EDT OSI Systems receives $7M order for optical sensors - OSI Systems announced that its Optoelectronics and Manufacturing division has received an order totaling approximately $7 million to provide navigation sensors to a leading aerospace and defense OEM. OSI Systems' Chairman and Chief Executive Officer, Deepak Chopra, commented, "This order highlights our sensors' critical role in leading aerospace and defense applications. We are pleased to support our customer's advanced navigation systems with our reliable, high-performance technology."
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LQDT | Hot Stocks08:38 EDT Hanford Mission Integration Solutions hosts auction series on GovDeals - Hanford Mission Integration Solutions is conducting a series of online equipment auctions through GovDeals, the leading online marketplace for government agencies to sell surplus assets. The surplus items being offered have been part of Hanford Site operations. The Hanford Site adjacent to Richland, Wash., was used from WWII through the Cold War to produce nearly two-thirds of the plutonium for the nation's nuclear weapons program. With a workforce of approximately 13,000, about $3 billion a year is spent on environmental cleanup of radioactive and hazardous chemical waste and contamination at the 580-square-mile site. Auctions include a variety of items such as desktop computers, laptops, tools, industrial equipment, material handling, heavy equipment, furniture and more; some items starting as low as five dollars. With the volume of surplus available, HMIS intends to conduct online auctions into the foreseeable future.
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SIDU | Hot Stocks08:37 EDT Sidus Space announces successful demonstration of advanced solution - Sidus Space has announced the successful demonstration of an advanced software solution supported by its FeatherEdge technology aboard its LizzieSat satellite, which launched in March 2024 on SpaceX's Transporter-10 mission. This innovation, achieved in collaboration with Xiomas Technologies, represents a significant milestone in the NASA-funded initiative to develop advanced thermal sensors, setting a new standard in space-based thermal sensing systems.
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BLDP VRT | Hot Stocks08:37 EDT Ballard Power and Vertiv partner in alternative energy for data centers - Ballard Power (BLDP) and Vertiv (VRT) have entered into a strategic technology partnership with a focus on backup power applications for data centres and critical infrastructures, scalable from 200kW to multiple MWs. Collaborating to demonstrate the technical feasibility and customer benefits of hydrogen-powered fuel cell solutions, Vertiv has integrated Ballard fuel cell power modules with Vertiv Liebert EXL S1 uninterruptible power system within a demonstrated proof of concept at Vertiv's facility in Ohio. The Power Module H2 solution is part of the 1 MW Vertiv Customer Experience Center microgrid solution including a 1MW AC Solar PV array and Vertiv DynaFlex Battery Energy Storage System. Initial validations and tests have demonstrated successful operation of zero GHG emission backup power integrated into an uninterruptible power architecture. Vertiv and Ballard's teams will demonstrate and discuss fuel cell powered standby power applications for data centers and critical infrastructures at Smarter E Europe 2024.
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CJET | Hot Stocks08:37 EDT Chijet Motor initiates business of automobile culture tourim - Chijet Motor Company announced that on June 7, The holding subsidiary FAW Jilin Automobile of Chijet Motor signed an intention agreement with the administration committee of Jilin National High-tech Industrial Development Zone and Haikou BIAOCHI Automobile Culture Development for automobile industry culture tourism and race automobile R&D and manufacture. FAW JiLin and BIAOCHI will cooperate to do project of automobile culture tourism with northeast ice-snow tourism characteristics. Depending on the automobile R&D and manufacture system of FAW JiLin, a kart, ATV & UTV new energy and fuel automobile manufacture base will be constructed in the factory of FAW JiLin in the future. In addition, a comprehensive cultural tourism base with kart track, off-road track, rallying field and RV camping will be constructed nearby. The industrial cultural tourism project integrates automobile race, automobile development, RV camping, music and gastronomy.
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MVBF | Hot Stocks08:36 EDT MVB Financial names Kuiper as EVP, Fintech President - MVB Financial, the parent holding company for MVB Bank, has named Jeremy Kuiper as EVP, Fintech President. Kuiper brings to MVB 25 years of payments industry experience at the executive and board level.
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DAWN | Hot Stocks08:36 EDT Day One Biopharmaceuticals in pact with MabCare for MTX-13 targeting PTK7 - DayOne Biopharmaceuticals announced it has entered into an exclusive licensing agreement with MabCare Therapeutics MabCare for MTX-13, a novel ADC targeting protein-tyrosine kinase 7 PTK7 . Pursuant to the terms of the Agreement, Day One has exclusive rights to develop, manufacture, and commercialize MTX-13 worldwide, excluding Greater China. In April 2024, the U.S. Food and Drug Administration cleared the investigational new drug application for MTX-13, which going forward will be identified as DAY301. In pre-clinical studies, DAY301 showed antitumor activity in a wide range of solid tumors "Our priorities for 2024 are to successfully launch OJEMDA tovorafenib , to advance our existing programs and to expand our pipeline by in-licensing clinical-stage assets that have the potential to transform outcomes for patients of all ages living with cancers," said Jeremy Bender, Ph.D., chief executive officer of Day One. "We are excited by the opportunity presented by DAY301, and we believe we have the right team in place to develop the program to its full potential."Under the terms of the licensing agreement, MabCare will receive $55M upfront, and is eligible to receive an additional $1.152B in development, regulatory and commercial success-based milestones, plus low-to-mid single-digit royalties on net sales outside of Greater China. Day One expects the first patient to be dosed in the Phase I study in the fourth quarter of 2024 or first quarter of 2025
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CDTG | Hot Stocks08:36 EDT CDT enters cooperation agreement with construction group subsidiary - CDT Environmental Technology announces the signing of a strategic cooperation agreement with a subsidiary of a large state-owned construction group in China. The parent company of the state-owned construction group is among the top 40 in ENR's 2023 ranking of the world's largest contractors. Under the terms of the agreement, the two parties will jointly plan and build a number of infrastructure and construction projects in Fuzhou New Area, involving water, sewage treatment, roads, and pipelines, with an estimated value of more than RMB 3 billion -- with an estimated 1 billion RMB net to CDT -- which will contribute to an expected increase in CDT's revenue by more than 50% in the next 3-5 years. Fuzhou New Area is the 14th State-level new district in China, established in September 2015, and is expected to model a new path of urbanization and promote the integrated development of urban and rural areas. Fuzhou New Area is located in the coastal area of Fuzhou, which is the capital city of Fujian Province, with a planned area of 800 square kilometers and a current permanent population of 1.55 million. While leveraging each party's particular expertise, they will also share resources and improve project competitiveness and operational efficiency. As a local company, CDT has local network resources and market influence, while the large state-owned builder is positioned with the resources and financial strength to bid for the largest and most desirable projects throughout the region. The cooperation between the two sides is expected to produce synergies.
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VRNT | Hot Stocks08:35 EDT Verint announces leading U.S. travel company using Verint bots - Verint announced that a leading U.S. travel company has been using Verint bots to achieve successful self-service containment of 95 percent of their customer interactions. The travel company is using Verint's AI-powered IVA to handle six million digital customer interactions per year related to travel booking, changes and cancellations. The company also reported positive customer experiences when their customers interacted with the Verint bots.
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CRAI | Hot Stocks08:34 EDT Charles River Associates appoints Rajewski as Vice President - Charles River Associates announced that Jonathan Rajewski has joined the company as a Vice President in the Forensic Services Practice. Rajewski will be based in CRA's Houston office.
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CENN | Hot Stocks08:33 EDT Cenntro Electric announces deliver of more than twenty Logistar 400 vehicles - Cenntro announced it has delivered more than twenty US Assembled Class 4 Logistar 400 vehicles to its customers and dealers in the month of May, 2024. "After thorough testing and certification, we are ramping assembly and delivery of the LS400 to our west coast and broader US customer base," said Peter Wang, Chief Executive Officer of Cenntro. "We are seeing strong interest in the LS400 and future series models which are currently undergoing testing and certification."
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RLMD | Hot Stocks08:33 EDT Relmada Therapeutics reports published Phase 3 results of REL-1017 - Relmada Therapeutics announced the publication of REL-1017 clinical data from the Reliance I Study in the peer-reviewed journal, The Journal of Clinical Psychiatry. Reliance I was a Phase 3 study to evaluate REL-1017 vs. placebo as adjunctive treatment in patients with major depressive disorder. The primary efficacy measure was mean difference between REL-1017 and placebo in change from baseline through day 28 in the MADRS score. As reported in December 2022, Reliance I did not meet the primary endpoint in the ITT analysis, yet, REL-1017 showed a statistically significant improvement in response rate vs. placebo and an encouraging nonsignificant trend for improvement in remission rate. Further, in post hoc analyses of patients with severe depression, significant improvement as measured occurred with REL-1017 vs. placebo in both the ITT and PP populations. The side effect profile of REL-1017 was consistent with previous phase 1 and phase 2 studies of REL-1017, with no observations of treatment-related serious AEs and no observed signal for abuse potential and compares favorably with the side effects of the currently FDA-approved adjunctive treatments for MDD.
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LRHC | Hot Stocks08:32 EDT La Rosa Holdings plans acquisition of controlling interest in Red Door Title - La Rosa Holdings announced that it has entered into a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, which operates under the name Red Door Title, a full-service escrow settlement and title company headquartered in Orlando, Florida. The Company anticipates finalizing the transaction by the end of July. Once complete, the transaction would allow La Rosa to provide title insurance services for home purchases and sales, complementing its existing real estate offerings. Securing title insurance capabilities would position the Company to deliver more comprehensive solutions within the residential property market... The consummation of the acquisition is subject to the parties entering into a definitive acquisition agreement and other related transactional documents.
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QLI | Hot Stocks08:32 EDT Qilian International announces 1 for 5 reverse share split - Qilian International announced that an 1 for 5 reverse split of its authorized share capital, was approved by the company's board of directors on May 29, 2023 and will become effective on June 21, 2024. In connection with the reverse share split, the company's shareholders will receive one new Class A ordinary share or Class B ordinary share of the company for every five Class A ordinary shares or every five Class B ordinary shares they hold, respectively. The company's Class A ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on June 21, 2024.
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AYTU | Hot Stocks08:24 EDT Aytu BioPharma announces paydown, refinancing of term loan - Aytu BioPharma announced the refinancing of its existing term loan and extension of its revolving credit facility on more favorable terms to the Company. In addition, the Company received $3.5 million of additional capital through the exercise of warrants from its June 2023 equity financing, a portion of which was used to pay down the term loan indebtedness. On June 12, 2024, the Company entered into a new $13.0 million secured, amortizing term loan with Eclipse Business Capital at an interest rate of the secured overnight financing rate as administered by the SOFR Administrator plus 7.0%. The Eclipse Term Loan replaces the Company's previous $15.0 million secured term loan with Avenue Capital Group II, which would have had an effective interest rate today of 15.9%. The Eclipse Term Loan will mature on June 12, 2028, with a straight-line loan amortization period of seven years, which would provide for a loan balance at the end of the four-year term of approximately $5.6 million to be repaid at maturity. The approximate 350-basis point reduction in the interest rate results in a potential savings of $1.3 million in interest expense under the new Eclipse Term Loan compared to the interest rate under the Avenue term loan. Further, the refinancing improves the Company's balance sheet by reclassifying a significant majority of the term loan indebtedness from current liabilities to long-term liabilities and decreasing the overall indebtedness from $15.0 million to $13.0 million, helping to improve key financial ratios. On June 14, 2024, warrants to purchase 2,173,912 common shares at $1.59 per share issued with the Company's June 2023 equity financing were exercised, generating proceeds of $3.5 million. The warrants were converted into 367,478 shares of common stock and 1,806,434 pre-funded warrants to purchase shares of common stock with an exercise price of $0.0001 per share. The Company used a portion of these proceeds to pay down $2.0 million in term loan indebtedness along with closing costs. As of June 18, 2024, the Company had 5,972,327 shares of common stock outstanding. On June 12, 2024, the Company also extended the maturity date of its existing revolving credit agreement with Eclipse to June 12, 2028. The amendment of the revolving credit facility also provides for an increase in potential maximum borrowing capacity to $14.5 million and other terms deemed to be more advantageous to the Company.
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SOBR | Hot Stocks08:22 EDT SOBR Safe signs hardware, software agreements with behavioral health customers - SOBR Safe has signed a hardware/software agreement with a two new behavioral health customers1. Both the Texas-based integrative care provider and the Colorado-based recovery services provider have made initial SOBRsure wearable band purchases on behalf of their clients. Texas Customer - the facility intends to present SOBRsure to clients as a more cost-effective, more discrete option for outpatient monitoring, and one that empowers continuous alcohol insight - not just at occasional points in time. Colorado Customer - this case manager and interventionist is adding SOBRsure as a new standard tool for 24/7 support in the continuing care process, and believes the price and the inconspicuous nature of the band are ideal for client adoption and ongoing use. SOBRsafe has now secured 23 new accounts in 2024, compared to three accounts booked in all of 2023.
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AMIX | Hot Stocks08:22 EDT Autonomix announces data on 1st five lead-in patients in human clinical trial - Autonomix Medical announced preliminary positive results from the first five "lead-in" patients in the Company's ongoing proof-of-concept PoC 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. The goal of this trial is to assess pain reduction via radiofrequency RF ablation. The Company's catheter-based microchip sensing array used to detect and differentiate neural signaling was not used in this trial and will be evaluated in future studies. "We are very pleased with these initial positive results, which confirm our ability to treat this historically difficult-to-treat cancer pain with catheter-based transvascular RF ablation. While preliminary, we are highly encouraged with the level of pain reduction and quality-of-life improvement these patients gained and we hope continue throughout the remainder of the trial. While these data will not be included in the final analysis, they provided our clinical team valuable insight into optimizing the procedure, particularly the catheter entry point, where 3 of the 5 patients who saw a pain response had femoral access of the catheter and the 2 that did not respond had brachial access. We believe access factors played a role in the ability to ablate the appropriate nerves to see mindful pain reduction in the brachial access patients, as the bias of the catheter appears less optimal in ablating the target nerves from this approach to the target anatomy," commented Dr. Robert Schwartz, Co-Founder and Chief Medical Officer of Autonomix.
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ERAS | Hot Stocks08:21 EDT Erasca initiates SEACRAFT-2 Phase 3 trial of naporafenib plus trametinib - Erasca announced the initiation of the global SEACRAFT-2 Phase 3 trial evaluating the pan-RAF inhibitor naporafenib in combination with the MEK inhibitor trametinib in patients with NRAS-mutant melanoma. Naporafenib is a potential first-in-class and best-in-class pan-RAF inhibitor that has been dosed in over 500 patients to date and is being developed to treat multiple types of RAS/MAPK pathway-driven tumors. A pooled analysis of the Phase 1b and Phase 2 trials of patients with NRASm melanoma dosed with naporafenib in combination with trametinib showed a median OS of 13.0 and 14.1 months and a median PFS of 5.1 and 4.9 months at two doses of the combination, respectively. The pooled dataset at each dose compares favorably relative to historical benchmarks.
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RGDFF | Hot Stocks08:20 EDT Reunion Gold provides reminder regarding expiry of warrants - Reunion Gold wishes to remind holders of outstanding common share purchase warrants issued on July 8, 2022 that the Warrants will expire at 4:00 p.m. Vancouver time on Monday, July 8, 2024. As of June 14, 2024, there were 41,338,257 Warrants outstanding. Each whole Warrant entitles its holder to purchase one common share of Reunion Gold at an exercise price of C$0.39 per share. Any Warrants not exercised prior to 4:00 p.m. Vancouver time on July 8, 2024 will expire and become void, and the holder will no longer be able to exercise such voided Warrants.
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CGON | Hot Stocks08:19 EDT CG Oncology initiates EAP for Cretostimogene Grenadenorepvec in U.S. - CG Oncology announced that it has initiated an Expanded Access Program EAP for cretostimogene grenadenorepvec in the U.S. for patients with Non-Muscle Invasive Bladder Cancer NMIBC who are unresponsive to Bacillus Calmette-Guerin BCG and meet certain program eligibility criteria. The first patient has been dosed in the EAP and enrollment in the study is ongoing..."Bladder cancer is a highly recurrent disease with few treatment options available to patients," said Ambaw Bellete, President & Chief Operating Officer, CG Oncology. "This program reflects our commitment to patients afflicted with NMIBC and our desire to ensure that they have efficient access to cretostimogene, our novel oncolytic immunotherapy candidate." "Navigating NMIBC can be a journey filled with uncertainties, especially given how frequently bladder cancer recurs," said Andrea Maddox-Smith, CEO of the Bladder Cancer Advocacy Network BCAN . "At BCAN, patients are at the forefront of everything we do. Despite the progress being made to find new treatments, there are times when patients have exhausted all approved treatment options, and they are not eligible for a traditional clinical trial. Expanded Access Programs represent tremendous hope for these patients and their families, by allowing them access to investigational drugs that they would not otherwise have available to them."
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WK | Hot Stocks08:19 EDT Workiva announces launch of Workiva Carbon - Workiva announced the launch of Workiva Carbon. The new offering advances its ESG and Sustainability Platform for organizations to support the requirements of global climate regulations, including the Corporate Sustainability Reporting Directive, CSRD, SEC's climate disclosure rules, and California's Climate Corporate Data Accountability Act and Climate-Related Financial Risk Act. Workiva Carbon simplifies the management of net zero targets that thousands of organizations have established voluntarily to meet international guidelines, respond to stakeholder demands for transparency, and better compete in the global economy.
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GENE | Hot Stocks08:19 EDT Genetic Technologies expands operation capacity in North America - Genetic Technologies announces the start of testing operations in the United States for its revolutionary geneType genetic risk assessment product series. GeneType's multi-patented, clinically validated tests will now be performed by Gene by Gene, a premier specialty genetic laboratory based in Houston, Texas, a state-of-the-art, highly accredited laboratory. Gene by Gene's ability to process up to 25,000 tests per month greatly increases geneType's operational capacity in North America. The lab's location in central US will also shorten the turn-around time for samples sent in from North America. Together with the company's recent distribution agreement with health and wellness technology leader Stay Healthy, , geneType is poised for exponential growth across North America.
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LL | Hot Stocks08:18 EDT LL Flooring mails letter to shareholders on upcoming 2024 Annual Meeting - LL Flooring mailed a letter to shareholders in connection with the Company's upcoming 2024 Annual Meeting of Stockholders. The letter contains critical information for shareholders' decision making, including highlighting how the LL Flooring Board and management team have taken and continue to take action to implement change while Thomas Sullivan and his two other director nominees risk the Company taking a significant step backwards. The Board continues to believe that replacing three of the LL Flooring Board's nominees is not only unnecessary, but would remove superior talent, critical skills and three independent directors from the Board and risk derailing progress being made at the Company.
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WKME | Hot Stocks08:18 EDT WalkMe launches contextual AI copilot WalkMeX - WalkMe announced the launch of WalkMeX, the world's first and only copilot with the context to meet every user with the next best action for any workflow, across any application. WalkMeX further amplifies WalkMe's mission to bridge the gap between humans and technology with "AI that everyone gets." Generative AI isn't the plug-and-play tool many believe it to be. For companies to realize the full potential of AI, it needs to be used every day - by everyone. WalkMeX is an always-on copilot that offers proactive AI assistance without any prompting or app-switching required. Unlike other AI tools limited to specific applications and requiring extensive user input, WalkMeX uses its deep contextual understanding to proactively assist users right at the moment of need, suggesting the next best actions across any application and workflow.
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DMRC | Hot Stocks08:18 EDT Digimarc, OMRON partner to modernize industrial automation - Digimarc Corporation and OMRON announced a strategic partnership to take industrial automation solutions to a new level. The combination of Digimarc digital watermarks with OMRON machine vision technology represents an innovative approach to digital product identification and a transformative new force in industrial automation. Together, the companies are helping manufacturers and brands stay ahead of the competition, adapt to changing market conditions, and meet the increasingly stringent requirements of sustainable, customized products.
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MNDY | Hot Stocks08:16 EDT Monday.com releases third annual ESG report - monday.com published its 2023 Environment, Social, and Governance, ESG, Report, detailing the company's efforts to make the planet more sustainable, equitable, and safe. The third annual report also includes monday.com's ESG goals for 2024. "We have a deep and growing commitment to the communities around us, and with our ESG efforts, we aim to make a measurable, positive impact," said Roy Mann, co-founder and co-CEO of monday.com. "2023 was a year of meaningful progress in many areas. An example of this is monday.com's Emergency Response Team, which harnesses our unique skills to improve the operation and effectiveness of crisis aid organizations globally. In the next few years, we're looking forward to scaling our ESG efforts significantly faster than our business growth."
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AGRI MARA | Hot Stocks08:16 EDT AgriFORCE Growing Systems appoints Jolie Kahn as CEO - AgriFORCE Growing Systems (AGRI) announces the appointment of Jolie Kahn as new CEO for the Company. Kahn was most recently with Marathon Digital Holdings (MARA) where she served as General Counsel from 2019 to 2023.
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DMRC | Hot Stocks08:16 EDT Digimarc announces launch of Digimarc Automate - Digimarc Corporation launched Digimarc Automate, an automated product inspection solution designed to enhance accuracy and efficiency in production, fulfillment, and distribution facilities. Utilizing advanced digital watermarking technology, Digimarc Automate surpasses systems using traditional product codes, offering benefits in quality assurance, waste reduction, data collection, and cost savings.
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ARQ | Hot Stocks08:15 EDT Arq secures second contract for granular activated carbon facility - Arq announced its second major sales contract for the supply of GAC to be produced from its strategic Red River facility. This agreement, with a company specializing in the manufacturing of personal and industrial air purification devices, has a commencement date of January 2025 and scales up to an ultimate run-rate requirement of 4 million pounds of GAC per year. This second GAC contract is in addition to the 5 million pound per year agreement announced in May 2024. At its 4 million pound per annum run-rate and in conjunction with the previously announced contract, these two agreements reflect approximately 36% of the Red River facility's initial 25 million pounds per year GAC nameplate capacity, due to come online by year-end 2024.
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GPRE | Hot Stocks08:15 EDT Green Plains announces updates on 'Advantage Nebraska' carbon capture project - Green Plains announced that the construction management agreements have been executed and the major equipment necessary to capture the carbon from its Nebraska facilities has been ordered. These milestones position the company to commence construction in the second half of 2024, and to begin capturing the biogenic carbon dioxide associated with the production of 287 million gallons of ethanol annually beginning in the second half of 2025. The carbon capture equipment will be installed at the company's Central City, Wood River and York, Nebraska locations and has been sized to accommodate the potential for post-combustion carbon capture and increased production, with overall carbon capture capacity up to 1.2 million tons.
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AUID | Hot Stocks08:14 EDT authID and Syntrove announce OEM partnership, terms undisclosed - authID announced they have signed an OEM agreement that will integrate authID's biometric capabilities in fighting malicious, generative AI-driven fraud, deepfakes, and cyberattacks into the Syntrove offering. Syntrove, whose vision is to be at the forefront of technological and process evolution, will now distribute authID's next-gen authentication solutions to its portfolio of leading banking, insurance, gaming, crypto and supply-chain enterprise customers to stop fraud with the strongest identity assurance available in the market. "Our partnership with Syntrove is a force multiplier that helps accelerate the delivery of our next-gen biometric authentication solutions into a broad set of verticals. We are excited to work with Syntrove to onboard our first joint customer from the gaming industry to secure workforce identity," said Rhon Daguro, CEO of authID. "Combining Syntrove's stellar risk-management expertise and technology platform with authID's trusted identity assurance, precision, and seamless user experience delivers a leading market differentiator to help stop fraud, detect deepfakes, and combat generative adversarial AI fraud." Digital enterprises today confront ever-increasing risk from fraudsters who leverage AI to generate fake ID's and deepfakes that compromise digital account openings, foil current risk reviews, and accelerate account takeovers and asset seizures. Needing a trusted technology partner to defeat these challenges, Syntrove recognized the value of authID's next-gen biometric identity life-cycle platform, ease of integration, and lightning-fast experience.
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MNTX | Hot Stocks08:14 EDT Manitex announces resignation of Iimura from board, appoints Fukui - Manitex International announced that, effective June 17, 2024, Shinichi Iimura has resigned from the Company's Board of Directors. Iimura resigned for personal health reasons and not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. The Company has appointed Takashi Fukui to the Board of Directors to replace Iimura, effective June 18, 2024.
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LXRX | Hot Stocks08:13 EDT Lexicon announces publication on cost-effectiveness of INPEFA - Lexicon Pharmaceuticals,announced that the peer-reviewed Journal of the American College of Cardiology: Heart Failure has published a research paper concluding that INPEFA is cost-effective for people with diabetes and recent worsening heart failure using commonly accepted willingness-to-pay thresholds. The analysis was conducted from a U.S. healthcare sector perspective, in accordance with Consolidated Health Economic Evaluation Reporting Standards. Results from this study showed that lifetime quality-adjusted life-years were 4.43 and 4.04 in the INPEFA and placebo groups, respectively. In another study, "Cost-effectiveness of sotagliflozin for the treatment of patients with diabetes and recent worsening heart failure," recently published in the Journal of Comparative Effectiveness Research, the research team used published real-world data to derive baseline event frequencies and SOLOIST-WHF study data to estimate the efficacy of INPEFA. According to the research results, the use of INPEFA led to a net gain in QALYs of 0.425 for INPEFA versus standard of care. The investigators concluded that INPEFA is a cost-effective addition to standard of care for patients hospitalized with heart failure and comorbid diabetes.
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LGND MRK | Hot Stocks08:13 EDT Ligand collaborator Merck receives FDA approval for CAPVAXIVE - Ligand Pharmaceuticals (LGND) announced that its collaborator Merck (MRK), known as MSD outside the United States and Canada, has received approval from the U.S. Food and Drug Administration, FDA, for CAPVAXIVE, previously known as V116, a 21-valent pneumococcal conjugate vaccine for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in the adult population. The indication for pneumococcal pneumonia is under accelerated approval. The FDA approval of CAPVAXIVE triggers a $2 million milestone payment to Ligand and the company is entitled to a royalty on worldwide net sales. "We are excited to see our longstanding collaborator Merck receive regulatory approval for CAPVAXIVE," said Todd Davis, CEO of Ligand. "We believe this asset will be an important contributor to our portfolio, which includes more than 25 commercial products including two marketed by Merck."
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CHPT | Hot Stocks08:12 EDT ChargePoint, LG join forces to innovate EV charging - ChargePoint and LG Electronics have formed a strategic partnership to leverage their respective strengths for future innovations in EV charging. The first output of this relationship will be commercial charging solutions that encompass ChargePoint's industry-leading charger management software and LG's advanced EV charging hardware, with deliveries expected to begin later this summer. Future areas of collaboration may include combining ChargePoint EV charging solutions with LG energy storage systems, integration of the LG ThinQ smart home platform with ChargePoint's award-winning Home Flex residential charger, and chargers that leverage LG's digital-out-of-home advertising platform, among other areas under evaluation.
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CVM | Hot Stocks08:11 EDT CEL-SCI presents Head & Neck Cancer data at IDDST - CEL-SCI Corporation announced the Company's Chief Scientific Officer, Dr. Eyal Talor, delivered a presentation titled "Neoadjuvant Immunotherapy for Head and Neck Cancer: Low Tumor PD-L1 Expression - IT-MATTERS - RCT" at the International Drug Discovery Science & Technology, IDDST, 20th Annual Congress in Budapest, Hungary on Tuesday, June 18, 2024. Dr. Talor presented during the Cancers/Tumors session which he Chaired along with Dr. Elizabeth Tran of Purdue University. The study found: Multikine significantly increases overall survival in patients with low levels of tumor cell PD-L1 expression in contrast to approved checkpoint inhibitors; 73% survival for Multikine vs 45% in the control arm at 5 years; Statistically significant log rank; 5-year risk of death cut in half from 55% to 27%; Hazard ratio = 0.35; Working to commence FDA confirmatory Registration Study for Multikine
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AQST | Hot Stocks08:11 EDT Aquestive Therapeutics to join Russell 3000, Russell 2000 Indexes - Aquestive announced its expected addition to the broad-market Russell 3000 and Russell 2000 Indexes at the conclusion of the 2024 Russell U.S. indexes annual reconstitution, effective at the open of U.S. equity markets on Monday, July 1, according to a preliminary list of additions posted Friday, May 24, 2024.
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ASMB | Hot Stocks08:10 EDT Assembly Biosciences doses first participant in Phase 1b trial of ABI-4334 - Assembly Biosciences announced that the first participant has been dosed in the Phase 1b trial of ABI-4334, a next-generation capsid assembly modulator candidate in development for the treatment of chronic hepatitis B virus infection. Chronic HBV infection is a leading cause of chronic liver disease and liver transplants globally, with the World Health Organization estimating that over one million people died in 2022 from HBV-related causes. Current treatments are lifelong and reduce, but do not eliminate, the virus with very low cure rates. CAMs are direct-acting antivirals with two distinct mechanisms of action, inhibition of HBV DNA replication and prevention of the formation of new cccDNA, the viral reservoir. ABI-4334 is a highly potent next-generation CAM with a potential best-in-class profile and has been specifically optimized to target both mechanisms. In a Phase 1a study, once-daily oral dosing with ABI-4334 demonstrated a favorable safety and pharmacokinetic profile in healthy participants, with ABI-4334 exposure levels projected to achieve strong antiviral activity and double-digit multiples over protein adjusted EC50 for both HBV DNA replication and cccDNA formation. In vitro, ABI-4334 has shown single-digit nanomolar potency against both mechanisms of action and the ability to impact HBV DNA integration. The Phase 1b study that is currently enrolling will evaluate safety, PK and antiviral activity in individuals with cHBV infection over a 28-day treatment period.
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TACT | Hot Stocks08:09 EDT TransAct Technologies announces new BOHA! international market win - TransAct Technologies announced that it has landed a significant sale in the Italian market of its existing international QSR customer for one BOHA! Terminal 2 each to 200 locations. This win marks the fifth international market where TransAct has gained approval and subsequently sold the new BOHA! Terminal 2, with the other four markets being Canada, Germany, Poland, and Saudi Arabia. Italy alone represents the opportunity for up to 500 additional BOHA! Terminal 2 sales.
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TAK | Hot Stocks08:08 EDT Takeda presents long-term data from Phase 3 ADVANCE-CIDP 3 trial of HYQVIA - Takeda announced data from the Phase 3 ADVANCE-CIDP 3 clinical trial, a long-term extension study evaluating the safety and efficacy of HYQVIA in patients with chronic inflammatory demyelinating polyneuropathy, CIDP. Results showed favorable long-term safety and tolerability of HYQVIA, and a low relapse rate, supporting its use as maintenance treatment for CIDP. These findings will be presented in a poster session on Sunday, June 23, 2024 at the Peripheral Nerve Society, PNS, Annual Meeting in Montreal, Canada. "The long-term data from the ADVANCE-CIDP 3 clinical trial allow us to further characterize the safety, efficacy and tolerability profile of HYQVIA and reinforces its role as a long-term, up-to once monthly maintenance treatment for this complex, chronic condition," said Kristina Allikmets, senior vice president and head of Research & Development for Takeda's Plasma-Derived Therapies Business Unit. "These results reflect our continued commitment to bringing the benefits of our differentiated immunoglobulin therapies to patients with neuroimmunological disorders, and providing a range of effective treatment options that address the individual needs of a broad range of patients."
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COMS | Hot Stocks08:08 EDT COMSovereign adds Intelligent Waves as solutions partner - COMSovereign Holding has added Intelligent Waves as a new solutions partner for its full array of hardware and software solutions and products as it seeks to expand its sales into the large Government and Department of Defense markets. Under the terms of the agreement, IW will serve as an authorized solutions partner of COMSovereign's full array of secure 5G wireless connectivity and aerostat/drone platforms. IW will also support the sales of the Software-as-a-Service, cloud-based network change monitoring and compliance software from the Company's partner, SIFF.IO. As a specialized provider of communications, security and networking technologies supporting the U.S. DoD, IW will serve as the Company's integration and management services provider supporting sales to the U.S. Government.
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CRMD | Hot Stocks08:07 EDT CorMedix receives FDA feedback on potential label expansion - CorMedix announced that the U.S. Food and Drug Administration has provided feedback to the Company's request to discuss development plans for additional indications for DefenCath. The FDA provided supportive feedback regarding the Company's plans to pursue an expanded indication in adult Total Parenteral Nutrition patients. CorMedix expects to submit a complete clinical protocol to FDA in the 3rd quarter with a goal of gaining further alignment and initiating the program by the end of 2024. In addition, the FDA confirmed its requirement that the Company conduct a study in pediatric hemodialysis patients under the Pediatric Research Equity Act. CorMedix intends to pursue the development of DefenCath for the expanded indication of the prevention of Central Line Associated Blood Stream Infections in adult patients receiving TPN through a central venous catheter. The Company recently engaged an independent third party to conduct a TPN market assessment, and based on their analysis, believes there is a critical unmet medical need for DefenCath in this patient population. The data estimates the rate of CLABSI in TPN patients to be greater than 25%, and that the total addressable market for DefenCath in TPN is driven by approximately 5 million infusions per year. Patients receiving TPN that contract a CLABSI experience materially higher rates of hospital admission and readmission, as well as significant increases in patient mortality. CorMedix intends to share additional data related to the TPN market opportunity on the Company's second quarter earnings call in August.
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HA | Hot Stocks08:06 EDT Hawaiian Holdings, Plusgrade announce multi-year partnership - Plusgrade announced a multi-year partnership with Hawaiian Airlines, Hawaii's biggest and longest-serving airline. Plusgrade's loyalty business unit, Points, will now power the Buy and Gift loyalty solutions for HawaiianMiles, giving members the ability to easily buy and gift miles. This enhancement provides HawaiianMiles members the convenience of purchasing miles online, expediting their ability to redeem miles for their next Hawaiian Airlines flight. Through this expanded collaboration, Hawaiian Airlines leverages Plusgrade's technology and analytics to bolster member loyalty and ancillary revenue. Plusgrade will power the "Buy Miles'' feature, allowing members to make lump-sum purchases of miles, and "Gift Miles," enabling members to buy HawaiianMiles for their family and friends.
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TNXP | Hot Stocks08:05 EDT Tonix Pharmaceuticals presents data on real-world treatment of migraine - tonix Pharmaceuticals Holding presented data from a poster presentation at the 66th Annual Scientific Meeting of the American Headache Society, held June 13-16, 2024. In the poster presentation titled, "American Headache Society Consensus Statement and Other Recommendations: How Many Practitioners Comply With the Recommendations?," a retrospective review of real-world data compares real world usage of non-oral migraine products with the most recent AHS consensus statement. The data reaffirms several past recommendations from the AHS and stresses the need for customizing treatment of migraine headaches to the needs of patients, as well as using the most appropriate route of administration for any given acute attack based on the clinical presentation. So far, real world data show that compliance with the guidelines and the consensus statement have yet to be achieved but has the potential to be increased. Specifically, the data show the use of non-oral drugs for treating an acute migraine attack was only 7% in 2012 and has decreased to below 4% in 2023, when the potential need for such drugs is anticipated to be a significant percentage of patients based on epidemiological data. Zembrace SymTouch is the only actively promoted brand of sumatriptan autoinjector in the U.S. It has a unique low dose and has demonstrated onset of migraine pain relief in as few as 10 minutes. Zembrace SymTouch also demonstrated migraine pain freedom for 46% of patients at 2 hours in a single-attack, double-blind study. Tosymra employs Intravail permeation enhancer technology and is pharmacokinetically equivalent to 4 mg subcutaneous sumatriptan. Tosymra delivers migraine pain relief in as little as 10 minutes with just one spray for some patients.
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SBUX MAR | Hot Stocks08:04 EDT Starbucks, Marriott Bonvoy announce new collaboration - Marriott Bonvoy, Marriott International's (MAR) award-winning travel program and marketplace, and Starbucks (SBUX) announced a new collaboration offering distinctive benefits to loyalty members. Marriott Bonvoy members and Starbucks Rewards U.S. members who link loyalty accounts will have the opportunity to earn more Stars toward free beverages, food and more at Starbucks1, and Marriott Bonvoy points that can be redeemed at Marriott Bonvoy's more than 30 brands and 10,000 global destinations as well as for Marriott Bonvoy Moments experiences.
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CDRO | Hot Stocks08:03 EDT Codere Online enters collaboration with Blip for online gaming in Mexico - Codere Online announced its collaboration with Blip, an AI-first conversational platform, to introduce an unparalleled gaming experience to its Mexican customers. This strategic alliance marks a significant milestone both in the global online gaming sector as well as in Mexico. As the largest market by revenue for Codere Online, Mexico has been a focal point of growth and investment over the past several years. With a clear commitment to enhancing the gaming experience for its customers, Codere Online has consistently strived to introduce innovative solutions that cater to the evolving needs and preferences of its customers. The latest venture with Blip underscores Codere Online's dedication to pioneering advancements within the industry. The introduction of a conversational chatbot based on a leading communications platform, developed by Blip, will offer players new features and functionalities that will take their gaming experience to new heights.
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FSV | Hot Stocks08:02 EDT First Onsite announces new branch in Roanoke, Virginia - First Onsite Property Restoration has expanded operations and opened a new branch in Roanoke, Virginia to serve the city and the surrounding area. This is the company's second new branch in Virginia following last week's announcement of its new branch in Richmond. The Roanoke branch offers businesses First Onsite's core commercial restoration services such as water, fire, storm, and mold mitigation and remediation, with a focus on the healthcare industry. The addition of this branch was born from the identified need to expand the healthcare offerings in both the Roanoke and Lynchburg geographical areas in the Mid-Atlantic region. Gary Strickland will lead the new branch as its General Manager.
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JCI | Hot Stocks08:02 EDT Johnson Controls selling its Air Distribution Technologies business to Truelink - Johnson Controls has reached a definitive agreement to sell its Air Distribution Technologies business to Truelink Capital, a middle-market private equity firm based in Los Angeles. Included in the sale are air distribution and movement brands Koch Filter, Titus, Ruskin, Kreuger, PennBarry and Tuttle & Bailey and their product lines of grilles, registers and diffusers, terminal units, fire and smoke dampers, louvers, filters and fans. Air Distribution Technologies products are manufactured in the U.S., Mexico, India, Thailand and the United Arab Emirates in facilities that will transfer to Truelink as part of the transaction. The Johnson Controls and Enviro-Tec brands are not included in the transaction. The transaction is expected to close the second half of the calendar year 2024.
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MRK | Hot Stocks08:01 EDT Merck, MJFF offer service to advance Parkinson's research - Merck and The Michael J. Fox Foundation for Parkinson's Research, MJFF, are advancing research aimed at slowing progression of Parkinson's disease, PD. Through funding from MJFF's "Biomarkers to Support Therapeutic Trials Program", Merck's SMCxPRO immunoassay technology has been used to help detect low levels of a biomarker associated with cell dysfunction in patients. Now, the service is available to the scientific community through support from the MJFF. This will make it possible to track the response of different therapeutic options to disease progression.
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TALK | Hot Stocks08:01 EDT Talkspace, FitOn team up to promote mental fitness - Talkspace announced it will join forces with FitOn to provide a holistic mental health and fitness solution to employers, and showcase the power of bringing together physical and mental fitness into an everyday setting. "As we partner with organizations, we are looking to meet the health and wellness needs of a diverse and dynamic population. The last few years were largely focused on addressing post-pandemic burnout, but we must now empower employees with tools to make mental wellness a part of their everyday routine," said Natalie Cummins, Chief Business Officer at Talkspace. "And what better way to do that than to offer clients a dual solution that promotes ongoing mental and physical fitness."
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DNTCF | Hot Stocks07:56 EDT Dentalcorp promotes Tchaplia as CFO, Mosher as Executive Director - dentalcorp Holdings announces that it has bolstered its senior leadership team by promoting Nate Tchaplia, the Company's Chief Financial Officer, CFO, to the role of President, effective immediately. In addition, Kevin Mosher, a member of the Company's Board of Directors, will immediately assume additional responsibilities as Executive Director.
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DAVA... | Hot Stocks07:55 EDT Endava entered into next stage of partnership with Google Cloud - Endava (DAVA) announced that it has entered into the next stage of its partnership with Google (GOOGL) Cloud, signaling a significant development in its continued expansion in Australia, New Zealand and South East Asia. The announcement recognizes Endava's in-house expertise in implementing Google Cloud technologies and the success of its unique market approach, combining global knowledge and capabilities with the strength of local experience to deliver beneficial client solutions.
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RKLB | Hot Stocks07:52 EDT Rocket Lab signs deal for 10 electron launches with Synspective - Rocket Lab USA last night announced it has signed the largest Electron launch agreement in the company's history; a ten-launch deal with Japanese Earth observation company Synspective. The agreement was announced in Tokyo at an event attended by Rocket Lab founder and CEO Sir Peter Beck, Synspective founder and CEO Dr. Motoyuki Arai and New Zealand Prime Minister, the Right Honorable Christopher Luxon, who is in Japan with a business delegation to deepen ties and accelerate growth in technology and other sectors. Rocket Lab has been the sole launch provider for Synspective since 2020, successfully launching four missions for the Japanese Earth observation company to date.
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BBIO | Hot Stocks07:51 EDT BridgeBio gets FDA rare pediatric disease designation for BBP-418 for MD - BridgeBio Pharma announced it has surpassed its interim analysis enrollment target and expects topline interim data from its Phase 3 registrational study FORTIFY in individuals with LGMD2I/R9 in 2025 "Reduced glycosylated aDG is the primary molecular driver of LGMD2I/R9, a serious, progressively debilitating disease that weakens the muscles causing many affected people to become fully dependent on a caregiver, while also threatening their cardiac and respiratory function," said Douglas Sproule, M.D., M.Sc., chief medical officer of ML Bio Solutions...The company also announced that the FDA has granted Rare Pediatric Disease Designation RPDD for BBP-418 in the treatment of LGMD2I/R9, recognizing the rarity of this disease is characterized by serious manifestations primarily affecting children. If BBP-418 is approved, BridgeBio may qualify for a Priority Review Voucher based on receipt of the RPDD. A Priority Review Voucher can be applied to another therapy in the Company's pipeline for a shorter timeline during the review process of a New Drug Application or can be sold and transferred to another company looking to receive priority
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HSY | Hot Stocks07:48 EDT Hershey updated 2030 greenhouse emissions reduction targets - Hershey has updated its 2030 science-based greenhouse gas emissions reduction targets against the latest standards. Hershey's target to reduce scope 1 and 2 GHG emissions by 50% by 2030 from a 2018 baseline was re-validated by the Science Based Targets initiative - SBTi -. To date, Hershey has achieved a 43% reduction against this target. The company has also set near-term Forest Land and Agriculture and non-FLAG targets. It is committed to reduce scope 3 Forest Land and Agriculture emissions by 36% and non-FLAG emissions by 30% by 2030. Hershey implements a variety of programs and initiatives across its operations and its supply chain to reduce its carbon footprint. To improve energy consumption and efficiency, Hershey has created a cross-functional team to oversee delivery of plant-level energy reduction targets.
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LODE | Hot Stocks07:47 EDT Comstock Mining says 'executing against comprehensive and robust strategy' - Comstock issued the following letter to shareholders, which read in part, " I am writing to address some recent concerns regarding Comstock Inc.'s current stock performance and reemphasize our future strategic, operational and financial plans. We understand that the current stock price causes some concern, and we want to assure you that we are executing against a comprehensive and robust strategy that drives our businesses to sustainable profitability and supports and integrates our investments into these strategies. Our plans also make every practical effort to effectively fund our business in a sustainable, value-creating manner for our shareholders...We have several development stage businesses on the brink of commercialization. This will create multiple revenue streams. These initiatives require additional capital investment to reach their full potential, and we have and continue to be committed to securing the prerequisite funding to bring these projects to fruition. Our strategy focuses on minimizing equity sales at Comstock Inc. by leveraging alternative funding directly into the subsidiaries...For example, Comstock Metals will secure debt and equity capital at the subsidiary level to fund the accelerated construction of our first two industry-scale facilities. The business model is now proven, and we are engaged in ongoing discussions with multiple counterparties interested in participating in primarily debt financing. These facilities are expected to generate positive cash flow in just a few years, allowing us to self-fund expansive if not exponential growth. This approach reduces the need for equity dilution at the parent company level and positions us for sustainable, robust cash flows and a strong financial position. We expect to announce this in the third quarter...Comstock Fuels is poised for significant growth with the planned construction of a commercial demonstration scale facility, followed by full-scale renewable fuel production facilities. This next growth phase requires substantial capital investment, and we are actively engaged with strategic and financial partners to also secure this funding at the subsidiary level. We are to announce these partnerships once deals are finalized, in the second half of this year...We are making steady progress in selling our real estate holdings in Silver Springs, NV, and our interests held by Sierra Springs Opportunity Fund. These transactions are complex, but we are seeing strong engagement from potential buyers. There are multiple term sheets being deliberated. We remain optimistic about commencing these sales in the coming months and will immediately share more details once the agreements are final...Our plans for developing the Dayton - Spring Valley resource areas into a cash producing mine have advanced dramatically, and these mine plans are literally taking shape. We are confident we can deliver strong returns from silver and gold extraction throughout the southern district. We intend to fund these operations using proceeds from our asset sales, only moving forward when we are certain we will not overextend our financial resources...We understand the current market conditions may cause some concern, but we are confident in our plans, and the significant progress over the past two years has strongly positioned us to effectively and safely secure the necessary funding. Our approach is designed to bring us to positive cash flow in the coming years, ensuring Comstock's long-term viability and success."
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HSBC | Hot Stocks07:46 EDT Swiss regulator finds HSBC violated money laundering rules - HSBC Private Bank SA breached its obligations in the prevention of money laundering in connection with two politically exposed persons and thereby seriously violated financial market law. This was established in the context of enforcement proceedings by the Swiss Financial Market Supervisory Authority FINMA, which has imposed measures to ensure that compliance with the law is restored. The decision orders that, until these measures have been implemented in full, the bank may not enter into any new business relationships with politically exposed persons. FINMA has ordered the bank to conduct a review, with regard to anti-money laundering aspects, of all the current high-risk business relationships and business relationships with politically exposed persons. It must also check the correct categorization of the risks presented by its other customers. An audit agent will monitor the implementation of these measures on site on an ongoing basis and will submit a report to FINMA. The bank may not enter into any new business relationships with politically exposed persons until such time as completion of the reviews has been confirmed by the audit agent. In addition, HSBC Private Bank [Suisse] SA must issue FINMA with a comprehensive presentation of the responsibilities within its board of directors and executive management as well as details of how they are assigned. The decision has not entered into force. Reference Link
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ZVRA | Hot Stocks07:44 EDT Zevra transitions to Orsini as specialty pharmacy provider for OLPRUVA - Orsini Specialty Pharmacy and Zevra Therapeutics announced that Orsini is now the pharmacy partner for OLPRUVA for oral suspension. OLPRUVA is a prescription medicine used along with certain therapies, including changes in diet, for long-term management of certain adult and pediatric patients with urea cycle disorders involving deficiencies of carbamylphosphate synthetase, ornithine transcarbamylase or argininosuccinic acid synthetase.
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ACHFF | Hot Stocks07:43 EDT Arch Biopartners gets University of Calgary CHREB approval for Phase II trial - Arch Biopartners announced that the University of Calgary's Conjoint Health Research Ethics Board has approved the Phase II trial for LSALT peptide targeting the prevention and treatment of cardiac surgery-associated acute kidney injury. The clinical team at the University of Calgary Cumming School of Medicine is now able to work with Arch to complete preparation and training to enable the start of patient recruitment in Calgary. This work will be completed while waiting for the expected final approval from Alberta Health Services. The trial continues to have patient recruitment at five clinical sites in Turkey. Since the trial began dosing patients in March, there have been enhancements to the design of the study protocol to help improve the execution of the trial. These changes have since been approved by Health Canada and are pending approval by the Turkish Ministry of Health.
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TSHA | Hot Stocks07:41 EDT Taysha announces 'low dose cohort data' from REVEAL trial for Rett syndrome - Taysha Gene Therapies announced positive longer-term clinical data from the ongoing REVEAL Phase 1/2 adolescent and adult trial and initial clinical data from the REVEAL Phase 1/2 pediatric trial evaluating TSHA-102 in Rett syndrome. "We are highly encouraged by the safety profile and broad clinical response observed across multiple domains in both the adult and pediatric patients with different genetic mutation severity treated with the low dose of TSHA-102," said Sean P. Nolan, Chairman and Chief Executive Officer of Taysha. "The longer-term follow up data indicate a durable response with sustained and new improvements across multiple clinical domains in both adult patients, and importantly, both pediatric patients showed initial improvements across consistent clinical domains, with early evidence of developmental gains following treatment with TSHA-102. We believe these improvements in adult and pediatric patients further reinforce the potential of TSHA-102 to be transformative for a broad range of patients with Rett syndrome."
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CMGR | Hot Stocks07:40 EDT Clubhouse Media announces Maya Spielman joins HoneyDrip.com - Clubhouse Media announced that Playboy model and comedian, Maya Spielman, has joined HoneyDrip.com. Spielman has performed stand up comedy in numerous venues, including Flappers Comedy Club and The Comedy Chateau. She has a large following, boasting 215k+ followers on Instagram alone. Honeydrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content.
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GRFS | Hot Stocks07:40 EDT Grifols completes sale of 20% stake in SRAAS, forges alliance with Haier Group - Grifols has completed the sale of a 20% equity stake in Shanghai RAAS to Haier Group Corporation and forged a strategic alliance with Haier Group. The deal has received all necessary regulatory approvals and compliance confirmation from the Shenzhen Stock Exchange. The alliance will leverage synergies between Grifols' plasma and diagnostic excellence and Haier Group's portfolio of healthcare solutions to innovate and contribute to SRAAS' growth in the long run. Through a share purchase agreement Grifols has sold a 20% equity stake in SRAAS to Haier Group for RMB 12.5B cash consideration. Grifols retains a significant 6.58% economic stake in SRAAS as well as a seat on its Board of Directors. The two companies extend their exclusive albumin distribution agreement through the next 10 years - with guaranteed minimum volumes between 2024 and 2028 - and SRAAS has the option to prolong it through 2044. China's demand for albumin is significant and the demand is expected to grow significantly in the coming years. Grifols and SRAAS have collaborated successfully over the last four years as the Chinese hemoderivatives market has continued its booming double-digit growth. With this transaction, first announced in December 2023, Grifols maintains its presence in China and its commercial agreements with SRAAS while it will comply with its commitment to deleverage.
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ITCI | Hot Stocks07:37 EDT Intra-Cellular announces results for lumateperone as adjunctive therapy in MDD - Intra-Cellular Therapies announced positive topline results from Study 502 evaluating lumateperone 42 mg as an adjunctive therapy to antidepressants for the treatment of MDD. This trial, in conjunction with our previously reported positive Phase 3 study, Study 501, forms the basis for our lumateperone sNDA for the adjunctive treatment of MDD. We expect to submit this sNDA to the U.S. Food and Drug Administration FDA n the second half of 2024."We are confident that the efficacy results from Studies 501 and 502, along with the favorable safety and tolerability profiles from these studies, will make lumateperone a drug of choice for patients suffering with MDD who are having an inadequate response to antidepressant therapy," said Dr. Sharon Mates, Chairman and CEO of Intra-Cellular Therapies. ...These results, further support our vision for CAPLYTA to become a leading option for patients and providers across mood disorders."...Supplemental NDA sNDA submission for the adjunctive treatment of major depressive disorder MDD anticipated in the second half of 2024...
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ZVRA | Hot Stocks07:36 EDT Zevra Therapeutics selects Orsini as specialty pharmacy partner for Olpruva - Zevra Therapeutics and Orsini Specialty Pharmacy announced that Orsini is now the pharmacy partner for Olpruva for oral suspension. Olpruva is a prescription medicine used along with certain therapies, including changes in diet, for long-term management of certain adult and pediatric patients with urea cycle disorders involving deficiencies of carbamylphosphate synthetase, ornithine transcarbamylase or argininosuccinic acid synthetase. UCDs are rare genetic disorders that impair the body's ability to remove excess ammonia. People living with UCDs often suffer from ammonia buildup in the blood, potentially resulting in brain damage and neurocognitive impairments, coma and even death, if untreated. Olpruva is a nitrogen scavenger that removes excess ammonia.
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NAMM HCVI | Hot Stocks07:33 EDT Namib Minerals, Hennessy Capital Investment VI enter business combination deal - Namib Minerals and Hennessy Capital Investment Corp. VI have entered into a definitive business combination agreement The proposed business combination is expected to be completed in the fourth quarter of 2024, subject to customary closing conditions, including regulatory and stockholder approvals. The combined public company is expected to be named "Namib Minerals" and to list its common stock and warrants to purchase common stock on Nasdaq under the new ticker symbols "NAMM" and "NAMMW", respectively, subject to approval of its listing application. The Proposed Business Combination consideration of approximately 50 million PubCo ordinary shares values Namib at a pre-money enterprise value of $500 million, with up to an additional 30 million PubCo ordinary shares tied to the completion of operational milestones, including the commercial production of the Mazowe and Redwing mines. The Proposed Business Combination is expected to deliver net proceeds to Namib of approximately $91 million, assuming no further redemptions by HCVI's public stockholders, as well as approximately $60 million of additional funding from one or more financing agreements with investors expected to be executed prior to the Closing. As a result of the Proposed Business Combination, Namib expects to benefit from continued operational efficiency and cash flow generation from its producing How mine and the build-out of Namib's multi-asset growth path. The Proposed Business Combination also represents the largest African deSPAC to date. Namib's existing management team, led by Chief Executive Officer, Ibrahima Tall, will continue to lead the business after the Closing. Namib's current producing asset, the How mine, is an established, high-grade, underground gold mine located near Bulawayo, Zimbabwe. The How mine is currently generating cash flow alongside a strong history of production and one of the lowest reported production cost profiles amongst its peer group. The How mine has a strong track record of consistently operating within budget and maintains additional identified underground resources, which may contribute to extending its mine life. Namib also has an identified pathway to operate as a multi-asset producer in Africa, with growth plans underway to restart the Company's previously producing Mazowe and Redwing gold mines, along with development potential in the Democratic Republic of the Congo to unlock battery metals in the region. To date, work has commenced across 13 granted exploration permits in the DRC and six initial holes have been drilled identifying copper and cobalt potential. The Proposed Business Combination implies a pro forma combined enterprise value of PubCo $609 million, excluding additional earnout consideration, on a cash-free and debt-free basis, assuming no further redemptions of HCVI's public shares and $60 million in targeted PIPE funding to be obtained prior to the Closing. The boards of directors of both HCVI and Namib have approved the proposed transaction, which is expected to be completed in the fourth quarter of 2024, subject to, among other things, the approvals by stockholders of HCVI and Namib and satisfaction or waiver of the other conditions set forth in the Business Combination Agreement. Net proceeds from the transaction are expected to enable Namib to invest further into its established How mine, while also contributing to the restart of production at two historically producing gold mines, Mazowe and Redwing, in Zimbabwe and expansion of operations into the DRC. Under the terms of the Business Combination Agreement, Namib's existing shareholders will convert 100% of their equity ownership stakes into the combined company and are expected to own approximately 71% of the post-combination company upon consummation of the Proposed Business Combination. The Proposed Business Combination has been unanimously approved by the board of directors of both Namib and HCVI.
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SYRE | Hot Stocks07:33 EDT Spyre Therapeutics doses first patients in Phase 1 trial of bowel disease drug - Spyre Therapeutics has initiated dosing of healthy volunteers in its first clinical trial of SPY001, an investigational novel half-life extended anti-alpha4beta7 monoclonal antibody, in Inflammatory Bowel Disease or IBD. The SPY001 Phase 1 trial is a study in healthy volunteers and consists of a single-ascending dose component and a multi-ascending dose component. The primary endpoint is safety, with pharmacokinetics serving as a secondary endpoint. Spyre expects interim safety and PK data from this trial by year-end 2024. Pending data from the Phase 1 trial, the company anticipates progressing into Phase 2 development with SPY001 in 2025.
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SLVTF | Hot Stocks07:28 EDT Silver Tiger Metals provides update on PFS drilling program at El Tigre - Silver Tiger Metals provided an update on the first 110 drill holes of the Company's Pre-Feasibility Study drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the expansion of the mineralization along the Footwall of the PEA "Starter Pit". Drill hole ET-24-583 cut from surface 79.50 metres grading 1.13 g/t gold equivalent or 84.8 g/t silver equivalent from 0.0 to 79.50 metres, consisting of 0.97 g/t gold and 12.3 g/t silver AND 26.0 metres grading 0.72 g/t gold equivalent or 53.7 g/t silver equivalent from 101.0 to 127.0 metres, consisting of 0.67 g/t gold and 3.6 g/t silver in the Hanging Wall and Footwall Zones. The hole passed through the El Tigre vein and has expanded the Footwall Zone footprint some 50m to east. New intersections through the Stockwork gold deposit, comprised of the Footwall, Hanging Wall and high-grade Keel Zones, are highlighted below, shown on Figure 2 and listed in Table 1. Drill hole ET-24-571: 44.2 metres grading 1.00 g/t gold equivalent or 75.1 g/t silver equivalent from surface to 44.2 metres, consisting of 0.49 g/t gold and 38.4 g/t silver AND 57.0 metres grading 0.32 g/t gold equivalent or 24.0 g/t silver equivalent from 55.5 to 112.5 metres consisting of 0.31 g/t gold and 1.1 g/t silver. The former Hanging Wall intersection shows consistent, higher grades at surface in the Stater Pit area and the latter Footwall intersection expand the mineralization profile 60m to east over the 2023 MRE. Drill hole ET-24-576: 41.1 metres grading 1.03 g/t gold equivalent or 77.5 g/t silver equivalent from 129.0 to 170.1 metres, consisting of 0.92 g/t gold and 8.5 g/t silver INCLUDING 14.2 metres grading 1.62 g/t gold equivalent or 121.8 g/t silver equivalent from 140.9 to 155.1 metres consisting of 1.52 g/t gold and 7.5 g/t silver gold in the Hanging Wall Zone. Drill hole ET-24-580: 27.1 metres grading 0.74 g/t gold equivalent or 55.5 g/t silver equivalent from 25.9 to 53.0 metres, consisting of 0.68 g/t gold and 4.6 g/t silver in the Hanging Wall Zone AND 9.0 metres grading 1.75 g/t gold equivalent or 131.4 g/t silver equivalent from 84.0 to 93.0 metres consisting of 1.60 g/t gold and 11.5 g/t silver in the Keel Zone showing high-grade, consistent mineralization 100m to south of PEA 'Starter Pit. Silver Tiger's CEO, Glenn Jessome, stated, "In line with previous assay results, the Footwall and Keel Zone are showing significant potential for expansion over the 2023 MRE" Mr. Jessome further stated, "The results may increase the updated MRE associated with the PFS-level study, as well as further de-risk the project."
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LUXH | Hot Stocks07:27 EDT LuxUrban Hotels issues letter from CEO Arigo on delivery of shareholder returns - LuxUrban Hotels issued a Letter to Shareholders from Chief Executive Officer Robert Arigo. The letter said, in part: When I joined LuxUrban as Chief Operating Officer earlier this year, I did so in the belief that we operate one of the most innovative business models in the lodging and hospitality industry...With the support of an exceptional team of executives and Board of Directors our collective efforts have been focused on creating and deploying initiatives designed to increase long-term shareholder value...We are continuing to focus on stabilizing the company's operations, addressing outstanding financial and operational issues, adhering to a disciplined capital allocation strategy, ... we are committed to implementing this vision and advancing towards our common goal of delivering long-term shareholder returns.
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CLNN | Hot Stocks07:25 EDT Clene presents extended survival data on CNM-Au8 from HEALEY ALS trial - Clene and its wholly owned subsidiary Clene Nanomedicine presented new long-term CNM-Au8 treatment results for survival and neurofilament light levels from the HEALEY ALS Platform Trial open label extension at the European Network for the Cure of ALS meeting in Stockholm, Sweden. The data presentation, titled "Long-Term CNM-Au8 Treatment Reduces Neurofilament Light Levels and Improves Survival: Results from the HEALEY ALS Platform Trial," highlights up to 42 months of survival follow-up and 76 weeks of long-term NfL biomarker results, including a responder subset from the HEALEY ALS Platform Trial in participants with ALS. All participants treated with CNM-Au8 30 mg, including ex-placebo participants who transitioned to CNM-Au8 in the OLE, with complete baseline co-variates were included in the survival analysis. Improved Survival Compared to Matched PRO-ACT Controls: Survival analyses of participants originally randomized to CNM-Au8 30 mg treatment and ex-placebo to CNM-Au8 compared to matched PRO-ACT controls up to 3.5 years post-baseline. Approximately 60% decreased risk of death in CNM-Au8 30 mg treated patients compared to matched PRO-ACT controls up to 3.5 years of follow-up; covariate-adjusted hazard ratio: 0.431, p-value = 0.0002. Reduced Neurofilament Light Biomarker Levels in NfL Responders: NfL Responder Subset: The NfL responder analysis was completed to identify NfL decreases in participants who showed consistent NfL declines. Responders were defined as participants who had all post-baseline measures with an NfL decrease or repeated declines of at least 10 pg/mL following the start of CNM-Au8 treatment: Responders demonstrated an average NfL reduction of 28%, which is suggestive of decreased axonal loss on an ongoing basis; GMR at Week 76 change vs. baseline: 0.72, pless than0.0001; The NfL results are based on earlier announced analyses of plasma NfL collected from participants in the HEALEY OLE who were treated with CNM-Au8 30 mg through week 76 compared to participants treated with placebo for 24 weeks prior to crossing over to active treatment for up to 52 weeks. Long-term treatment with CNM-Au8 30 mg resulted in continued significant decline of plasma NfL levels. The geometric mean ratio vs. placebo at week 76 was 0.841, 95% CI: 0.73 - 0.98, p=0.023. CNM-Au8 was safe and well-tolerated during the OLE.
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OI | Hot Stocks07:22 EDT O-I Glass to invest $65M in electrification, decarbonization in Veauche, France - O-I Glass plans to invest approximately $65 Million into the electrification and decarbonization of its plant in Veauche, France. As the first O-I plant globally to use this technology, one of its two furnaces will be fully renovated and equipped with state-of-the-art hybrid-flex technology. This leading-edge innovation establishes flexibility to replace up to 70% of the conventional fossil-fuel-based energy with electricity. In addition, the furnace will be equipped with heat recovery and an air preheating system, creating further efficiency gains and reductions in energy consumption and emissions. At an average 50% electricity level, on-site CO2 emissions are expected to drop by approximately 43% compared to a traditional furnace, significantly contributing to the company's global target of a 25% reduction in greenhouse gas emissions by 2030. The investment is consistent with O-I's sustainability strategy and the company's previously announced investment plan into plant upgrades. Along with the decarbonization impact, the new technology is set to further reduce NOx emissions on top of the effects from the high performing DeNOx system already installed on site. In parallel to the construction of the new hybrid furnace, O-I also plans to install a carbon-lowering heat recovery system in the plant. Heat recovered from the furnace will feed a new internal energy distribution network and will supply up to 94% of the plant's heating needs. Once both investments are completed - expected for December 2025 - the Veauche plant will be one of the most modern and sustainable sites for O-I globally. At that time, the entire site is expected to reduce its CO2 emissions by up to 35% versus pre-2020 levels, when its other furnace was completely rebuilt. With 2 furnaces and 7 lines, the O-I plant in Veauche produces approximately 300 million bottles each year. It is a role model for a local circular economy leveraging up to 87% of recycled glass sourced from a processing plant no more than 20 km away. The plant in Veauche is well located within a few hours of most of its customers, minimizing delivery and logistics. Built in 1882, the plant is a key site dedicated to modern high-tech glassmaking, manufacturing high quality bottles for premium markets such as champagne, spirits and wine.
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PYPD | Hot Stocks07:17 EDT PolyPid hosts KOL call, provides update on ongoing SHIELD II Phase 3 trial - PolyPid hosted a virtual Key Opinion Leader event discussing the significant unmet medical need in the prevention of surgical site infections. The Company also provided an update on its ongoing SHIELD II Phase 3 trial for D-PLEX100. Charles E. Edmiston, Ph.D., discussed several key topics surrounding SSIs. Key takeaways include: The return to higher pre-COVID SSI rates due to the increase in the number of elective surgeries conducted and the surgical environment normalizing to levels found prior to 2020. SSIs are under-reported, and up to 30-35% of colorectal infections are missed due to sub-optimal surveillance strategies. Procedural and patient-related risk factors such as smoking, alcohol abuse, type 2 diabetes and a high BMI have a significant negative impact on the risk of developing a SSI, and this increase in risk is compounded when patients have multiple risk factors. Long term cost to commercial payers of a single colorectal SSI event over a period of 24 months can range from $44,000 to $64,000, with the cost for Medicare ranging from $20,000 to $45,000, respectively. Surgical care bundles in patients undergoing colorectal surgery significantly reduce the risk of SSIs. The 30-day high concentration release of antibiotics achieved with D-PLEX100 has the potential to add additional benefit to infection prevention bundles. PolyPid also provided an update on the enrollment of its ongoing Phase 3 SHIELD II trial of its lead product candidate, D-PLEX100. The SHIELD II clinical study includes patients undergoing abdominal colorectal surgery with large incisions and has now enrolled approximately 250 patients of a planned total of approximately 600 subjects. Approximately 50 centers are currently open and recruiting patients. Top-line results are expected in the first quarter of 2025. The Company intends to conduct an unblinded interim analysis once a total of approximately 400 patients complete their 30-day follow-up, which is anticipated to occur in the fourth quarter of 2024.
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DFLI | Hot Stocks07:17 EDT Dragonfly Energy and Meyer Distributing team on 'Battle Born Batteries' for RVs - Dragonfly Energy Holdings announced a partnership with Meyer Distributing, a distributor of specialty products across North America. Through this collaboration, Dragonfly Energy will leverage Meyer Distributing's extensive network of over 100 locations across North America to deliver Battle Born Batteries to new business-to-business customers in the recreational vehicle RV and surrounding industries. "We are thrilled to partner with Meyer Distributing to continue to strengthen our presence within the RV and adjacent markets. We believe this partnership has the potential to empower RV and Overland enthusiasts with unparalleled power solutions," said Wade Seaburg, chief revenue officer at Dragonfly Energy. "By combining Dragonfly Energy's trusted and reliable products with Meyer Distributing's top-notch distribution capabilities, we are committed to powering the future of outdoor adventure." .
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KKR | Hot Stocks07:17 EDT KKR releases 2024 mid-year global macro outlook - KKR released its 2024 mid-year global macro outlook by Henry McVey, CIO of KKR's Balance Sheet and Head of Global Macro and Asset Allocation. McVey and his team explain why they believe the current economic cycle has further to run, despite an environment of heightened volatility and political complexity that they envision in the second half of 2024. Several factors underpin the team's constructive outlook, including an encouraging technical backdrop, a belief that the company has entered a structurally higher level of productivity in the U.S., a stronger global employment market versus prior cycles, central bank balance sheets that are still plump relative to history, and a surprisingly strong global capex cycle. They also highlight several notable updates since their 2024 Outlook: Stronger conviction in the importance of owning more non-correlated assets, given a flatter frontier for expected returns amidst heightened portfolio volatility. More pronounced mismatch between energy supply and demand given electrification needs and the growth of energy-intensive users such as data centers, semi fabs, EV battery plants and steel mills. Broadening of earnings growth across sectors and geographies, which we expect will bring more balance to the equity markets. More sustained deficits amidst election volatility, which reinforce our Regime Change thesis and continued belief that the deficit will stabilize at historically wide levels under either U.S. presidential administration. Greater focus on the positive path for productivity.
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EGLXF | Hot Stocks07:15 EDT Enthusiast Gaming's U.GG expands into Helldivers 2 - Enthusiast Gaming announced that its data-driven and insights platform, U.GG, has expanded into Helldivers 2. Helldivers 2 marks U.GG's first expansion outside of the Blizzard and Riot ecosystems, bringing their data-driven insights to a new community of users and the total number of games covered by the platform to five, together with League of Legends, World of Warcraft, Valorant, and Teamfight Tactics. The expansion is also the second to leverage U.GG's curated content management system initially developed for U.GG's expansion into TeamFight Tactics announced on April 30, 2024. Helldivers 2, released in February of 2024, has sold over 12 million copies, making it the fastest-selling Playstation title ever released. New content expansions throughout 2024 will lead to new and returning users to the U.GG platform where they can find the best loadouts, builds, tier lists, and guides for Helldivers 2.
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DORM | Hot Stocks07:14 EDT Dorman Products releases hundreds of aftermarket-exclusive repair solutions - Dorman Products announced the release of hundreds of new aftermarket automotive components and assemblies. The new products add to an expansive catalog of more than 120,000 SKUs, a depth and diversity of coverage offering millions of new sales and repair opportunities for customers throughout North America.
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LAZ | Hot Stocks07:14 EDT Lazard announces Syed joined the firm as Managing Director - Lazard announced that Ali Syed has joined the firm as Managing Director and Head of Sovereign and Pension Fund Coverage. Based in New York, Syed will lead the firm's efforts to advise global sovereign and pension funds.
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NABL | Hot Stocks07:14 EDT N-able issues pledge on responsible use of AI - N-able announced its Pledge on the Responsible Use of Artificial Intelligence. The pledge describes the company's commitment to openness and protecting partner data and intellectual property. The newly unveiled AI strategy outlined in the pledge is built on three pillars: consent, transparency, and context-and designed to foster user control and privacy, clear communication, and appropriate use.
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MOB | Hot Stocks07:14 EDT Mobilicom says munitions provider places follow-on order for Mobilicom 10 GCS - Mobilicom Limited announced that one of the largest loitering munitions providers in the world with approximately $4B in annual revenue, has placed a follow-on order for Mobilicom's 10" Ground Control Station GCS , a tactical mobile handheld controller for small-sized drones. The global uncrewed autonomous vehicles UAV GCS market is projected to grow at a CAGR of approximately 23% to $26.56B by 2030. Mobilicom's GCSs are currently being integrated into drone systems of some of the world's largest and most innovative drone manufacturers..."The $240,000 follow-on order demonstrates our model for growth and momentum in the UAV industry. Loitering munitions, also known as kamikaze drones, have a high replacement rate as they are designed for single-use missions. We expect further orders as the demand for drones in Europe, U.S. and globally continues to grow," stated Mobilicom CEO and Co-founder Oren Elkayam. "We are pleased to have a long-term supplier relationship with this leading defense company, as they are addressing the needs of many countries growing defense budgets following the Ukraine-Russia war."
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MASS | Hot Stocks07:13 EDT 908 Devices announce enhanced qualification package for XplorIR - 908 Devices announced an enhanced quantification package for its XplorIR handheld gas and vapor analyzer. With this software update, the device, part of 908 Devices' acquisition of RedWave Technology, can now quantify nearly 5,000 airborne chemicals. XplorIR empowers fire departments, HAZMAT teams and other first responders with mission-critical information and enables decisions around personal protective equipment, ensures swift remediation efforts and reduces dangers to first responders and the public.
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DV | Hot Stocks07:13 EDT DoubleVerify launches DV Transparency Center - DoubleVerify announced the launch of the DV Transparency Center. This new educational portal is designed to augment understanding and trust in media verification by providing greater insight and clarity into DV's technology and measurement solutions. The launch coincides with Cannes Lions 2024, highlighting DV's commitment to driving industry education at one of the world's most prestigious gatherings of marketing and online advertising leaders.
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PRTC | Hot Stocks07:12 EDT PureTech Health appoints Loebel as CMO, Gladstein as General Counsel - PureTech Health announced it has expanded its executive team with the appointment of Antony Loebel, M.D., as Chief Medical Officer, CMO, and President of Clinical Development, and Lana Gladstein, J.D., as General Counsel. Dr. Loebel was most recently the President and Chief Executive Officer of Sunovion Pharmaceuticals. Most recently, Gladstein was the Group General Counsel at APRINOIA Therapeutics, a clinical-stage company developing therapeutics and diagnostics for neurodegenerative diseases.
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FUN SIX | Hot Stocks07:11 EDT Cedar Fair, Six Flags announce senior management team - Cedar Fair (FUN) and Six Flags Entertainment Corporation (SIX) announced the senior management team that will lead the combined company following the completion of their previously announced merger of equals. As previously announced, upon closing of the transaction, Richard Zimmerman, President and Chief Executive Officer of Cedar Fair, will serve as President and Chief Executive Officer of the combined company and Selim Bassoul, President and Chief Executive Officer of Six Flags, will serve as Executive Chairman of the combined company's Board of Directors. After completion of the Mergers, the following leaders will report to Zimmerman in the combined company: Tim Fisher, Chief Operating Officer,currently in same position at Cedar Fair; Brian Witherow, Chief Financial Officer, currently in same position at Cedar Fair; Brian Nurse, Chief Legal & Compliance Officer, and Corporate Secretary, currently in same position at Cedar Fair; Christian Dieckmann, Chief Strategy Officer, currently in same position at Cedar Fair; Gary Mick, Chief Integration Officer, currently Executive Vice President and Chief Financial Officer at Six Flags.
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MAG | Hot Stocks07:10 EDT MAG Silver reports annnual general, special meeting results - MAG Silver reports that at its Annual General and Special Meeting held on June 17, 2024, MAG's shareholders approved by majority: to elect all eight directors standing for election, to re-appoint Deloitte LLP as auditors of the Company, and to support the Company's approach to executive compensation.
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FUN SIX | Hot Stocks07:09 EDT Cedar Fair, Six Flags announce anticipated closing date of mergers - Cedar Fair (FUN) and Six Flags Entertainment (SIX) announced that they notified the New York Stock Exchange that the closing of Cedar Fair and Six Flags' previously announced merger of equals is expected to occur on July 1, 2024. The completion of the Mergers is subject to the satisfaction or waiver of a number of conditions set forth in the merger agreement relating to the Mergers, including the satisfaction of regulatory conditions. Six Flags additionally announced that its Board of Directors has declared a special dividend of $1.53 per share of Six Flags common stock. The dividend is payable on July 1, 2024 to stockholders of record of Six Flags as of June 28, 2024 who hold their shares through the closing of the Mergers. The special dividend is conditioned on the closing of the Mergers and is being declared in accordance with the terms of the merger agreement.
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CMMB | Hot Stocks07:09 EDT Chemomab: Publications 'reinforce' potential of I CCL24 antibody for PSC - Chemomab Therapeutic announced a new scientific publication that further confirms the important role of the soluble protein CCL24 in the pathologies underlying the rare fibrotic liver disease primary sclerosing cholangitis PSC. The new study reinforces the extensive evidence showing the potential of Chemomab's CCL24-neutralizing antibody, CM-101, to interrupt the biological processes driving PSC disease progression and severity. The study, "Machine Learning Identifies Key Proteins in Primary Sclerosing Cholangitis Progression and Links High CCL24 to Cirrhosis"1 has been published in the current online version of the peer-reviewed International Journal of Molecular Science.T ...Notably, the analysis showed that enrichment for PSC-related biological pathways was associated with high levels of CCL24 and that patients with cirrhosis had higher levels of CCL24, providing further evidence for the role of CCL24 in disease progression and severity. The authors also noted that the biomarkers identified in this study have significant translational importance, offering potential advancements in the monitoring of disease progression in clinical settings. "These proteomic analyses add to the large body of data showing that CCL24 is a major driver of PSC disease progression and severity...."We look forward to our CM-101 PSC Phase 2 topline data readout in the coming weeks, which has the potential to provide the first significant clinical proof-of-concept of CM-101's therapeutic activity in this lethal disease with no FDA approved therapies."
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RGNX | Hot Stocks07:08 EDT Regenxbio completes pre-BLA meeting with FDA for RGX-121 accelerated approval - Regenxbio completed a successful Pre-Biologics License Application meeting for RGX-121 for the treatment Mucopolysaccharidosis Type II, where it finalized details of its BLA with the FDA. The FDA continues to be aligned with Regenxbio's plan to use cerebrospinal fluid levels of heparan sulfate D2S6, a key biomarker of brain disease activity, as a surrogate endpoint reasonably likely to predict clinical benefit to support accelerated approval of RGX-121. Additionally, Regenxbio and the FDA discussed manufacturing, non-clinical, device delivery system and other critical elements of the BLA, including a confirmatory study designed to verify and describe the predicted clinical benefit. Regenxbio expects to initiate submission of a rolling BLA in Q3 2024. Regenxbio expects an FDA inspection of its Manufacturing Innovation Center in the first half of 2025. A confirmatory study of RGX-121 is expected to initiate enrollment in the second half of 2025, prior to potential FDA approval. Based on an expected priority review, potential approval of the planned BLA could result in receipt of a Rare Pediatric Disease Priority Review Voucher in 2025.
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SILK BSX | Hot Stocks07:07 EDT Silk Road Medical to be acquired by Boston Scientific for $27.50 per share - Silk Road Medical (SILK) entered into a definitive agreement to be acquired by Boston Scientific Corporation (BSX) for $27.50 in cash per share, representing an equity value of approximately $1.26 billion. The per share price represents an approximate 38% premium to the volume-weighted average share price of Silk Road Medical's common stock over the past 60 days. The board of directors of Silk Road has unanimously approved the transaction and recommend that Silk Road stockholders adopt the merger agreement. The transaction is expected to close in the second half of 2024, subject to the satisfaction of customary closing conditions, including approval by Silk Road's stockholders and applicable regulatory approvals. Upon the completion of the transaction, Silk Road will become a wholly-owned subsidiary of Boston Scientific.
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SILK BSX | Hot Stocks07:06 EDT Silk Road Medical to be acquired by Boston Scientific for $27.50 per share
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ZNTL | Hot Stocks07:05 EDT FDA places partial clinical hold on certain Zentalis' studies of azenosertib - Zentalis Pharmaceuticals announced that the U.S. Food and Drug Administration FDA has placed a partial clinical hold on the following studies of azenosertib: the Phase 1 ZN-c3-001 dose-escalation study in solid tumors, the Phase 2 ZN-c3-005 DENALI study in platinum-resistant ovarian cancer PROC and the Phase 2 ZN-c3-004 TETON study in uterine serous carcinoma USC . This action follows two recent deaths due to presumed sepsis in the DENALI study. "Patient safety is our top priority and any deaths that occur in the setting of clinical trials are unfortunate. We are working closely with the FDA to resolve this partial clinical hold as quickly as possible," said Kimberly Blackwell, M.D., Chief Executive Officer of Zentalis. "Over 500 patients have been treated with azenosertib monotherapy to date, and we believe that our data indicate a favorable therapeutic index that could potentially offer meaningful benefits to women facing PROC and USC. We have completed enrollment for Cohort 1b of the DENALI study, where we've enrolled more than a hundred patients, further demonstrating the support we've seen for having a novel oral therapy like azenosertib. We look forward to sharing these results along with overall efficacy and safety data from DENALI Cohort 1b later this year."
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ASH | Hot Stocks07:05 EDT Ashland achieves certification by Fair Wage Network - Ashland has strengthened its performance towards environmental, social and governance practices and a more just and equitable society through a relationship with the Fair Wage Network to understand living wages for the company's 3,800 global employees. Following a rigorous and thorough process where compensation data for all employees was reviewed on an anonymous basis and steps were taken to remediate any pay gaps, Ashland achieved certification as a Global Living Wage Employer.
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IMCR | Hot Stocks07:04 EDT Immunocore announces randomization of first patient in Phase 3 brenetafusp trial - Immunocore Holdings announces randomization of the first patient in the PRISM-MEL-301 trial, assessing the efficacy and safety of brenetafusp, in combination with nivolumab, in first-line advanced or metastatic cutaneous melanoma. The Phase 3 trial will randomize HLA-A*02:01 positive patients with first-line, advanced or metastatic cutaneous melanoma to brenetafusp + nivolumab versus a control arm of either nivolumab or nivolumab + relatlimab, depending on country. Bristol Myers Squibb will provide nivolumab. The Company has shared the cutaneous melanoma Phase 1 data during an oral presentation at the 2024 American Society of Oncology Annual Meeting on 31 May. The data showed that brenetafusp was well tolerated as monotherapy and in combination with anti-PD1, and demonstrated promising monotherapy clinical activity, including disease control rate, progression free survival, and circulating tumor DNA molecular response. Brenetafusp is the first PRAME x CD3 ImmTAC bispecific protein targeting an HLA-A*02:01 PRAME antigen. The Company is continuing to enroll patients into a Phase 1/2 trial in monotherapy and combination arms across multiple tumor types, including three expansion arms for patients with advanced ovarian, non-small cell lung, and endometrial cancers.
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QBTS | Hot Stocks07:04 EDT D-Wave Quantum announces results of new study of quantum optimization - D-Wave Quantum announced the results of a new study that reveals a majority of surveyed businesses actively using quantum computing foresee an exceptional return on investment from their quantum optimization efforts - with an expected combined potential positive financial impact to reach up to an estimated $51.5 billion. "In my view, the data is clear: quantum computing has arrived as a critical business imperative," said Dr. Alan Baratz, CEO of D-Wave. "Those who proactively embrace this technology and invest in optimization efforts stand to reap significant rewards. The anticipated gains and ROI projections paint a compelling picture of a possible near-term future where quantum computing becomes a fundamental driver of business success."
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IONS | Hot Stocks07:03 EDT Ionis Pharma expands donidalorsen licensing agreement in Asia Pacific - Ionis Pharmaceuticals has entered into a license agreement with Otsuka Pharmaceutical under which Otsuka obtains exclusive rights across the Asia-Pacific region for donidalorsen, an investigational RNA-targeted prophylactic medicine for hereditary angioedema or HAE. Ionis will maintain primary responsibility for the development of donidalorsen, while Otsuka will be responsible for territory-specific development, regulatory filings and commercialization in the Asia-Pacific region and Europe. Ionis plans to file a New Drug Application with the FDA this year, and will independently launch donidalorsen in the U.S., if approved. Ionis and Otsuka previously announced a licensing agreement for donidalorsen in Europe, and Otsuka is also preparing to submit a Marketing Authorization Application to the European Medicines Agency this year. Under the terms of the Asia-Pacific agreement, Ionis will receive a $20M upfront payment and milestone payments based on achievement of regulatory and sales targets. Ionis is also eligible to earn tiered royalties, with similar economic terms to the previous agreement for Europe. Ionis recently reported positive results from two Phase 3 studies, presented at the 2024 European Academy of Allergy and Clinical Immunology Annual Congress in Valencia, Spain and published in The New England Journal of Medicine.
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BSX SILK | Hot Stocks07:02 EDT Boston Scientific to acquire Silk Road Medical for $27.50 per share - Boston Scientific (BSX) announced it has entered into a definitive agreement to acquire Silk Road Medical (SILK), a medical device company that has developed an innovative platform of products to prevent stroke in patients with carotid artery disease through a minimally invasive procedure called transcarotid artery revascularization. The purchase price is $27.50 per share, reflecting an enterprise value of approximately $1.16B. Boston Scientific expects to complete the transaction in the second half of 2024, subject to customary closing conditions. Silk Road Medical has guided to net revenue of approximately $194M-198M in 2024, representing 10%-12% growth over the prior fiscal year.iii The impact to Boston Scientific adjusted earnings per share is expected to be immaterial in 2024 and 2025, and accretive thereafter. "We expect the impact to GAAP earnings per share to be less accretive, or dilutive, as the case may be, due to amortization expense and acquisition-related net charges."
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OFIX GMED | Hot Stocks07:01 EDT Orthofix appoints McPherron as President of Global Operations, Quality - Orthofix Medical (OFIX) announced the appointment of Aviva McPherron as President of Global Operations and Quality. As a member of the Executive Leadership Team, McPherron will oversee strategy for the company's operations, manufacturing, regulatory, clinical, and quality teams. McPherron joins Orthofix from Globus Medical (GMED) where she served as Senior Vice President, Clinical Services and Integration and was responsible for strategic initiatives to drive growth and enhance profitability.
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BSX SILK | Hot Stocks07:00 EDT Boston Scientific to acquire Silk Road Medical for $27.50 per share
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KKR | Hot Stocks06:59 EDT KKR-led consortium to invest $1.3B in ST Telemedia Global Data Centres - A KKR-led consortium of KKR and Singtel will invest $1.3B in ST Telemedia Global Data Centres - STT GDC -, a data centre colocation services provider. This transaction marks the largest digital infrastructure investment in Southeast Asia to date in 2024. The transaction comprises an initial S$1.75B - ~$1.3B - investment by the Consortium via Redeemable Preference Shares with detachable warrants. Upon exercise of the warrants in full, the Consortium will invest an additional S$1.24B - ~$920M -. The proceeds of the investment will be used to further advance STT GDC's position in the markets it operates in, and to support its continuing international expansion and growth plans through organic and inorganic strategies. Following the transaction, ST Telemedia continues to be the majority shareholder of STT GDC. KKR is making this investment from its Asia Pacific Infrastructure Investors II Fund.
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PM | Hot Stocks06:54 EDT Philip Morris says SMNA suspends online sales on ZYN.com after DC subpoena - In a regulatory filing, Philip Morris International disclosed a press release issued in connection with the receipt of a subpoena from the Attorney General of the District of Columbia. The company stated in the release: "Swedish Match North America LLC, or 'SMNA,' a Philip Morris International Inc. affiliate acquired in November 2022, has received a subpoena from the Attorney General of the District of Columbia requesting, among other things, information about SMNA's compliance with D.C.'s ban on the sale of flavored products as it relates to ZYN nicotine pouches. The company's affiliate, SMNA, intends to comply with the Attorney General's request for information concerning sales of its nicotine pouch products in D.C. Our preliminary investigation indicates that there have been sales of flavored nicotine pouch products in D.C., predominantly related to certain online sales platforms and some independent retailers. In the event of an unfavorable outcome related to this matter, a material liability is reasonably possible though not estimable at this time. At the request of PMI, SMNA is conducting a full review of its sales and supply chain arrangements in D.C. and other U.S. localities where flavor bans may apply. As an initial remedial measure, while our investigation continues, SMNA is taking steps to immediately suspend online sales on ZYN.com. We reaffirm our commitment to 21+ only access and confirm that ZYN.com sales have been fully age-gated. ZYN.com sales have represented a very small percentage of nationwide ZYN volumes since PMI's acquisition of SMNA. We remain committed to ensuring compliance with all laws and regulations concerning the sale of our affiliates' products in the U.S. and worldwide." Reference Link
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AUMN | Hot Stocks06:47 EDT Golden Minerals CEO Warren Rehn resigns, EVP Pablo Castanos succeeds - Golden Minerals announced the retirement of CEO and President, Warren Rehn, effective immediately. Rehn joined the company in 2012 as VP Exploration and was promoted to President in spring of 2015 and to CEO in September 2015. Rehn has also resigned his position as a Director of the company. Rehn will continue to support the Company, advising on exploration and technical activities as a consultant. Pablo Castanos, currently EVP, has been elected CEO and President of the company and appointed to serve as a Director. Castanos joined the company in July of 2023 and has been preparing for the role of President and CEO pending Rehn's retirement. Castanos previously worked for Golden Minerals as VP and Director of Ccorporate Affairs from 2009 to 2013 before leaving to work for Goldcorp as director of environmental compliance and as vice president corporate social responsibility. Between 2016 and 2023, Castanos acted as a private investor in real estate development and construction.
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LQDT | Hot Stocks06:46 EDT Liquidity Services partners with Aaron Industrial Solutions - Liquidity Services has partnered with Aaron Industrial Solutions, a global equipment auction, liquidation, and asset management company, and Binswanger, a global leader in full-service commercial real estate, to sell equipment and real estate from a Puritan Medical Products biopharmaceutical manufacturing plant in Portland, Tennessee. The 338,000 square foot facility and hundreds of medical device packaging equipment assets and pristine general plant equipment are available now. The facility, originally constructed in 1993, underwent major renovations between 2021 and 2022 to modify operations to create medical testing kits to support public health and safety efforts during the COVID-19 global pandemic.
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PLUR | Hot Stocks06:36 EDT Pluri subsidiary Ever After Foods secures $10M strategic investment - Pluri announced strategic investments in Pluri's subsidiary, Ever After Foods, which offers a technology platform to produce cultivated food with cost-efficient scalability. Ever After Foods is Pluri's majority-owned joint venture with Israeli food giant Tnuva Food-Tech Incubator, and has exclusive licensing rights to use Pluri's technology and intellectual property to develop, manufacture and commercialize cultivated meat. Developing the B2B version of its proprietary technology system, Ever After Foods has demonstrated the natural production of muscle and fat tissues for various animal cells. With this new investment, Pluri has extended the license field granted to Ever After Foods to include cultivated fish.
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NXE | Hot Stocks06:34 EDT NexGen Energy appoints Susannah Pierce to board of directors - NexGen Energy announced the appointment of Susannah Pierce to the Company Board to Directors following the Company's 2024 Annual General Meeting that took place Monday, June 17th, 2024. n her current role as president and Country Chair, Shell Canada, she is responsible for driving integration and coordination of business activity and corporate policy across Shell's businesses in Canada.
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GLDG | Hot Stocks06:33 EDT GoldMining announces assay results from drilling program at Sao Jorge project - GoldMining announced assay results from the first drill hole of its recently announced drilling program at the Company's 100% owned Sao Jorge Project on the Tapajos Gold district, Para State, Brazil. The program consists of approximately 1,000 metres of total proposed diamond core drilling and 3,000 m of power auger drilling. The objectives of the program include, among other things, to complete confirmatory drilling within and near the margins of the existing Sao Jorge gold deposit, and test a reinterpretation of the structural controls on high-grade mineralization. Assay results for the first diamond drill hole have been received and are reported in this release. Drill Hole SJD-120-24 highlights include: 163 m at 1.02 grams per tonne gold from 44 m downhole depth, including higher-grade intersections: 20 m at 1.37 g/t Au from 44 m depth; 37 m at 2.26 g/t Au from 95 m depth; 11 m at 1.00 g/t Au from 148 m depth; 13 m at 1.35 g/t Au from 166 m depth; and 12 m at 1.15 g/t Au from 195 m depth. Tim Smith, Vice President of Exploration, commented: "We are pleased to announce the results from the first drilling at Sao Jorge in more than a decade. The results from this first drill hole are strong and we believe help demonstrate an extensive corridor of mineralization consisting of multiple intercepts of broad gold mineralization. These include some narrower higher-grade zones. Oriented diamond core drilling has successfully confirmed our thesis for the structural controls on mineralization within the deposit, which was the first objective of our multi-pronged drilling program. We expect that the improved geological model based on these intercepts will provide greater confidence in future mineral resource estimation. Additionally, we have commenced the auger drilling component of the program and forward to providing additional updates."
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ALIT | Hot Stocks06:32 EDT Alight authorizes $75M accelerated share repurchase agreement - Alight has entered into an accelerated share repurchase agreement with Barclays Bank to repurchase $75M of Alight's common stock, as part of the company's existing share repurchase program which had remaining authority of $168M as of June 14. Alight will make an initial payment of $75M to Barclays Bank and will receive an initial delivery of shares equal in value to 80% of the prepayment amount of $75M, based on Alight's closing share price as of the effective date of July 15. The final settlement of the transaction under the ASR is expected to occur during Q3.
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KALV | Hot Stocks06:31 EDT KalVista submits New Drug Application to FDA for sebetralstat - KalVista Pharmaceuticals announced the submission of a New Drug Application for U.S. FDA review of sebetralstat, a novel investigational oral plasma kallikrein inhibitor for the on-demand treatment of hereditary angioedema attacks in adults and pediatric patients aged 12 years and older.
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CALT | Hot Stocks06:28 EDT Calliditas Therapeutics announces USPTO issues patent for setanaxib - Calliditas Therapeutics announced that the United States Patent and Trademark Office has issued a patent for application no. 16/760,910 entitled "Use of NOX Inhibitors for Treatment of Cancer." The patent covers a method of treating a solid tumor presenting resistance to PD-1 inhibitor immunotherapy by administering setanaxib in combination with a PD-1 inhibitor. The patent will have an expiration date in 2039. Calliditas has corresponding applications and patents in several additional territories around the world, including a pending patent application in Europe. Calliditas read out positive topline results of its Phase 2 head and neck cancer trial with setanaxib in May 2024. The analysis showed statistically significant improvements in progression-free survival, as well as in overall survival, with statistically significant changes in tumor biology consistent with the mechanism of action of setanaxib.
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INFY | Hot Stocks06:19 EDT Infosys annnounces launch of AI-amplified marketing services Infosys Aster - Infosys announced the launch of Infosys Aster, a set of AI-amplified marketing services, solutions and platforms that deliver engaging brand experiences, enhanced marketing efficiency, and accelerated effectiveness for business growth. It drives AI-led transformation of marketing with integrated, real-time view across customers, brands and channels, enabling companies to increase ROI from marketing. With creative services, experience design, digital commerce, MarTech orchestration, performance marketing and marketing operations, Infosys Aster brings agility to the marketing value chain for B2B and B2C brands. With Infosys Aster, global brands have realized up to 50% increase in repeat buyers, 30% improvement in the cost of marketing operations, and 40% increase in sales.
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CME | Hot Stocks06:07 EDT CME Group's FX futures and FX link reach all-time volume records - CME Group announced its foreign exchange futures reached an all-time single-day volume record of 3.26 million contracts - equivalent to $314B notional - on June 12. The previous record of 3.15 million contracts - $296B notional - was set on March 8, 2023. In addition, FX Link, CME Group's anonymous, all-to-all spot-futures spread trading tool reached a single-day volume record of 113,662 contracts - $10.5B notional - on June 12, which represents a 37% increase over the previous record of 82,900 contracts - $7.2B notional -, set on June 16, 2022. Year-to-date, FX Link volumes are up over 52% versus the same period in 2023. FX Link provides a transparent central limit order book on CME Globex for trading spreads between OTC FX spot and CME Group FX futures, connecting the two markets.
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NOK... | Hot Stocks06:06 EDT Nokia expands collaboration with Google Cloud - Nokia (NOK) announced that it is expanding its collaboration with Google Cloud (GOOG, GOOGL) to give developers around the world the network software tools they need to create innovative new 5G enterprise and consumer applications faster for their customers. Now, Nokia's Network as Code platform with developer portal will run on Google Cloud, enriching the developer experience via Google Cloud data and generative AI solutions and capabilities, including Vertex AI and Gemini 1.5 Pro. This will enable developers to easily consume AI in their applications and improve productivity with coding assistance agents. The companies will target industry use cases to promote with the Google Cloud developer community, starting with healthcare to deliver better, safer customer experiences. Google Cloud's expansive developer community, covering all major industries and geographies, will benefit by having access to standardized 5G network capabilities around the world, exposed through Nokia's Network as Code platform with developer portal, giving them the technical tools required to quickly create new applications for their customers.
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KBR | Hot Stocks06:04 EDT KBR awarded five-year contract to support sustainable development in Iraq - KBR announced it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development. Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities to the Iraqi Government's Ministry of Planning, with a focus on creating an effective program environment to support successful delivery of strategic megaprojects. Focus areas of KBR expertise supporting the ministry, who interface with all ministries and formations in the Iraqi government, will include economic planning, strategy development, feasibility studies, technical reviews and large-scale project management. This contract, which encompasses a comprehensive range of planning and development services, will further elevate the significant role KBR is playing in the development of Iraq's energy sector - working closely with various ministries to identify, design and implement critical projects aimed at enhancing the country's economic and social landscape.
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GWAV | Hot Stocks06:04 EDT Greenwave Technology regains full compliance with Nasdaq listing standards - Greenwave Technology received formal notice from Nasdaq that the company has evidenced compliance for continued listing on the Nasdaq Capital Market. Accordingly, the listing matter has been closed.
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J | Hot Stocks06:03 EDT Jacobs to provide engineering services for new Kranji Water Reclamation Plant - Jacobs was appointed by PUB, Singapore's National Water Agency, through a competitive bid process, to provide professional engineering services for the development of the new Kranji Water Reclamation Plant. With upcoming major residential and industrial developments in northern Singapore, the new Kranji WRP will cater to the projected increase in used water collection and treatment. Jacobs will provide engineering design, construction supervision and commissioning for the plant, which is expected to be operational by 2035. The new Kranji WRP will provide an initial treatment capacity of 120 million imperial gallons of used water per day and will include a fully integrated 50 mgd NEWater Factory. The plant is the final component of the three-node Deep Tunnel Sewerage System to meet Singapore's long-term used water needs alongside Changi WRP in the east and Tuas WRP in the west.
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SCOR | Hot Stocks06:03 EDT Comscore and Kochava partner in new cross-screen measurement solution - Comscore and Kochava, a real-time data solutions company for omnichannel attribution and measurement, announced a new cross-screen performance media measurement solution to better understand how linear TV ad campaigns meaningfully impact both online and offline behaviors. By combining Comscore's Exact Commercial Ratings data and Kochava's advanced marketing mix modeling, Comscore and Kochava can now deliver outcomes measurement for key metrics such as mobile app activity, website activity, merchant-level purchase data, episodic tune-ins, etc. This new capability aims to bring further clarity to cross-screen measurement by determining which behaviors can be attributed directly to specific linear ad placements.
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IBM | Hot Stocks06:01 EDT Telefonica Tech, IBM sign new collaboration agreement - Telefonica Tech and IBM announced a new collaboration agreement to drive the deployment of Artificial Intelligence, analytics and data governance solutions and respond to the constant and dynamically evolving needs of enterprises. The agreement, initially limited to Spain, establishes a framework of collaboration between the two companies to help their customers deal with the complexity of managing new technologies in a heterogeneous and changing environment and to extract the full value of these technologies in their business processes. Through this new collaboration, the companies will work together on the development and deployment of an open, hybrid and multi-cloud platform, specializing in data management and AI to facilitate and accelerate business initiatives for customers, a use case office, demonstrations and development of MVPs; and the implementation of resources, training and certifications. Last year IBM launched the watsonx AI and Data platform, which will be at the heart of the collaboration agreement.
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DOX... | Hot Stocks05:58 EDT Amdocs collaborates with Google Cloud for real-time data insights - Amdocs (DOX) announced a collaboration with Google Cloud (GOOG, GOOGL) to accelerate successful data transformations for communications service providers and better provide impactful real-time business insights. Amdocs' AI and Data Platform (previously DataOne) now leverages Google Cloud's unified AI-ready data platform to help CSPs better leverage data to make business decisions. Further, the platform also uses Google Cloud Architecture Framework to create a layered and service-based architecture that leverages best practices for operational excellence, reliability, cost optimization, performance optimization, security, privacy and compliance. The result is a unified, telecom-specific real-time data source that integrates information from various systems across the business. By combining Amdocs' data insights with Google Cloud's AI capabilities and BigQuery's data assets, service providers can unlock new opportunities for innovation and efficiency, transforming customer experiences, business operations and revenue performance, helping CSPs evolve into true AI-driven service providers.
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FSRN | Hot Stocks05:56 EDT Fisker Group files for Chapter 11 protection - Fisker Group, the operating subsidiary of Fisker, announced that it filed for Chapter 11 protection in the District of Delaware on June 17, 2024. It is in advanced discussions with financial stakeholders regarding debtor-in-possession financing and the sale of its assets. "Fisker has made incredible progress since our founding, bringing the Ocean SUV to market twice as fast as expected in the auto industry and making good on our promises to deliver the most sustainable vehicle in the world," said a Fisker spokesperson. "We are proud of our achievements, and we have put thousands of Fisker Ocean SUVs in customers' hands in both North American and Europe. But like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently. After evaluating all options for our business, we determined that proceeding with a sale of our assets under Chapter 11 is the most viable path forward for the company." Fisker's previously announced manufacturing pause will remain in place. Fisker intends to file certain customary motions with the Bankruptcy Court to ensure its reduced operations are able to continue, including paying employee wages and benefits, preserving certain customer programs, and compensating needed vendors on a go-forward basis. Fisker Inc. and other U.S. subsidiaries, as well as subsidiaries outside the U.S., are not included in the Chapter 11 filing at this time.
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AZN | Hot Stocks05:36 EDT AstraZeneca reports CAPItello-290 Phase 3 trial did not meet primary endpoints - The CAPItello-290 Phase 3 trial for Truqap in combination with paclitaxel in patients with locally advanced (inoperable) or metastatic triple-negative breast cancer, or TNBC, did not meet the dual primary endpoints of improvement in overall survival, or OS, versus paclitaxel in combination with placebo in either the overall trial population or in a subgroup of patients with tumours harbouring specific biomarker alterations, AstraZeneca announced. Susan Galbraith, Executive Vice President, Oncology R&D, AstraZeneca, said: "We are committed to advancing science for patients in some of the most challenging cancers, including this heterogeneous subtype of breast cancer. While we are disappointed in the CAPItello-290 outcome, these results will further our understanding of the role of the PI3K/AKT pathway in breast cancer as we continue our clinical research across the Truqap clinical development programme and across our pipeline." The company added: "The safety profile of Truqap in combination with paclitaxel in CAPItello-290 was broadly consistent with the known safety profile of each medicine with no new safety concerns identified. Data will be shared in due course. Truqap is currently being evaluated in Phase III trials for the treatment of breast cancer (CAPItello-292) and prostate cancer (CAPItello-280 and CAPItello-281) in combination with established treatments."
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SHEL | Hot Stocks05:05 EDT Shell signs agreement to acquire Pavilion Energy - Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc, has reached an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy Pte. Ltd. Pavilion Energy includes a global liquefied natural gas, or LNG, trading business with a contracted supply volume comprising about 6.5 million tonnes per annum. Headquartered in Singapore, Pavilion Energy's global energy business encompasses LNG trading, shipping, natural gas supply and marketing activities in Asia and Europe. The acquisition will be absorbed within Shell's cash capital expenditure guidance, which remains unchanged. The deal is in excess of the internal rate of return hurdle rate for Shell's Integrated Gas business, delivering on its 15-25% growth ambition for purchased volumes, relative to 2022, as outlined during the 2023 Capital Markets Day. Integration of portfolios will commence after completion of the deal, which is expected by Q1 2025, subject to regulatory approvals and fulfilment of other conditions precedent. "The acquisition of Pavilion Energy will strengthen Shell's leadership position in LNG, bringing material volumes and additional flexibility into our global portfolio," said Zoe Yujnovich, Shell's Integrated Gas and Upstream Director. "We will acquire Pavilion's portfolio of LNG offtake and supply contracts, which includes additional access to strategic gas markets in Asia and Europe. By integrating these into Shell's global LNG portfolio, Shell is strongly positioned to deliver value from this transaction while helping to meet the energy security needs of our customers."
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