Stockwinners Market Radar for June 24, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CC | Hot Stocks19:30 EDT Chemours resumes production at TiO2 site in Mexico - The Chemours Company announced that the Mexican government has lifted its prior water intake restrictions, enabling the Company to resume normal operations at its titanium dioxide manufacturing facility in Altamira, Mexico.
|
CVNA | Hot Stocks18:44 EDT Carvana exec Taira sells 25,000 class A shares - In a regulatory filing, Carvana president of Special Projects Thomas Taira disclosed the sale of 25,000 class A common shares of the company on June 24 at a price of $120 per share.
|
POOL | Hot Stocks18:31 EDT Pool Corp. sinks 11% to $300.55 after cutting outlook
|
AMAT | Hot Stocks18:07 EDT Applied Materials director sells $2.3M in common stock - In a regulatory filing, Applied Materials disclosed that its director Thomas Iannotti sold 9.8K shares of common stock on June 21st in a total transaction size of $2.3M.
|
CHCI | Hot Stocks18:03 EDT Comstock Holding names Robert Demchak as new General Counsel - Comstock Holding announced the appointment of Robert Demchak to the Executive Leadership team as General Counsel and Corporate Secretary, effective June 24. Demchak brings over 25 years of experience as a real estate and capital markets attorney and as a REIT executive. His experience encompasses corporate governance, capital markets, regulatory compliance, and management of commercial real estate related transactions.
|
FFIE | Hot Stocks18:01 EDT Faraday Future proposes reverse stock split to regain compliance - Faraday Future announced that its Board of Directors has approved a proposal, among other proposals, to be submitted to stockholders for approval at the upcoming annual meeting of stockholders, to authorize the Board to effect a reverse stock split of the company's common stock. The reverse stock split proposal includes a proposed range between 1-for-2 and 1-for-40 shares of outstanding Common Stock, and a corresponding reduction in the total number of shares of Common Stock the Company is authorized to issue. The final ratio will be determined by the Board after stockholder approval, with the option to abandon, delay or postpone the reverse stock split. FF's stock price fell below Nasdaq's minimum bid price requirement for listed companies for 30 consecutive trading days last December resulting in a deficiency notice from Nasdaq. The company subsequently did not timely file its 2023 Annual Report on Form 10-K and its stock price dropped below $0.10 for ten consecutive trading days. This resulted in another deficiency notice and Nasdaq's determination to delist FF's securities. The company requested a hearing with the Nasdaq Hearings Panel to share its plans to regain compliance. While the company is waiting on the decision of the Nasdaq Hearings Panel, it remains fully committed and dedicated to complying with the Nasdaq and SEC rules and requirements and carrying on with all supporting actions.
|
GOSS | Hot Stocks17:54 EDT Gossamer Bio CEO buys $250K in common stock - In a regulatory filing, Gossamer Bio disclosed that its CEO Faheem Hasnain bought 372K shares of common stock on June 21st in a total transaction size of $250K.
|
TAC | Hot Stocks17:36 EDT TransAlta enters automatic share purchase plan - TransAlta announced that it has entered into an automatic share purchase plan with its broker in order to facilitate repurchases of TransAlta's common shares under the company's previously announced normal course issuer bid. The company previously announced that it had received approval from the Toronto Stock Exchange to purchase up to 14M of its Common Shares during the 12-month period that commenced May 31, 2024 and terminates May 30, 2025. Purchases under the NCIB may be made through open market transactions on the TSX and any alternative Canadian trading systems on which the Common Shares are traded, based on the prevailing market price. Since January 1, 2024, the company has purchased 9,137,200 Common Shares at a weighted average price per Common Share of $9.33 for an aggregate value of approximately $85.3M. Since the beginning of the current NCIB on May 31, 2024, the company has purchased 1.7M at a weighted average price per Common Share of $9.77 for an aggregate value of approximately $16.6M.
|
FRES | Hot Stocks17:20 EDT Fresh2 Group plans to implement ADS ratio change - Fresh2 Group announced that it plans to change the ratio of its American depositary shares to its Class A ordinary shares from one ADS representing twenty Class A ordinary shares to one ADS representing two hundred Class A ordinary shares. The ADS ratio change is expected to become effective on or about July 10.
|
MMLP | Hot Stocks17:01 EDT Martin Midstream Partners issues statement on oil pipeline spill - "On June 15, 2024, Martin Midstream Partners L.P. became aware of a spill of approximately 2,000 barrels of crude oil originating from the Partnership's transfer pipeline which connects our Sandyland Terminal to the Smackover Refinery in Smackover, Union County, Arkansas. The Partnership is working closely with the Environmental Protection Agency, Arkansas Department of Energy and Environment, and Arkansas Game and Fish Commission to respond to the spill. The Partnership has dedicated the necessary resources, equipment, and personnel to conduct and expedite oil recovery and cleanup activities. In addition, specialized equipment to remove oil from Holmes Creek and Smackover Creek are being utilized to prevent sheen from traveling further downstream. As of June 23, 2024, clean-up efforts have recovered approximately 1,250 barrels of crude oil and efforts are on-going under a Unified Command structure led by the EPA."
|
SWAG | Hot Stocks17:01 EDT Stran & Company receives Nasdaq notice over late 10-Q filing - Stran & Company announced that it received a written notification, dated June 21, 2024, from The Nasdaq Stock Market LLC, notifying the company that it is not in compliance with the periodic financial report filing requirement set forth in Nasdaq Listing Rule 5250(c)(1) for continued listing on The Nasdaq Capital Market tier of Nasdaq since the company has not yet filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2024. The company has 60 calendar days, or until August 20, 2024, to submit a plan to Nasdaq to regain compliance, and, if Nasdaq accepts the Plan, Nasdaq may grant an exception of up to 180 calendar days from the Form 10-Q's due date, or until December 16, 2024, to regain compliance. If Nasdaq does not accept the Plan, the company will have the opportunity to appeal that decision to a Nasdaq Hearings Panel. As previously announced on May 13, 2024, the company was required to dismiss BF Borgers CPA PC as the company's independent registered public accounting firm. The Company was required to engage a new independent registered public accounting firm in order to complete and file the Form 10-Q. On June 20, 2024, the company announced that it had engaged a new independent registered public accounting firm, Marcum LLP.
|
BTSG | Hot Stocks16:59 EDT BrightSpring Health to acquire Haven Hospice for $60M - BrightSpring Health Services announced a definitive agreement to acquire the assets of North Central Florida Hospice, Inc. and Haven Medical Group, LLC - collectively "Haven Hospice"- a Florida-based company holding a Certificate of Need for comprehensive hospice care services in 18 counties in north central Florida. BrightSpring's acquisition of Haven will allow the Company to provide advance care planning, palliative, and hospice services throughout Florida Agency for Health Care Administration service areas 3A, 4A, and 4B. Total consideration for the acquisition is $60 million, with $15 million in cash at close, $30 million in Company equity at close, and an additional $15 million in a seller note payable four years after closing. The acquisition is expected to close in the third quarter of 2024.
|
ASND | Hot Stocks16:48 EDT Ascendis Pharma presents data from Phase 2 ACcomplisH Trial of TransCon CNP - Ascendis Pharma announced the oral presentation of data from its Phase 2 ACcomplisH Trial of TransCon CNP in children aged 2 to 10 years old with achondroplasia by Ravi Savarirayan, M.D., Murdoch Children's Research Center, during ICCBH 2024, the International Conference on Children's Bone Health being held in Salzburg, Austria. The data showed that patients treated for one year at the pivotal 100undefined/kg/week dose demonstrated significant improvements in well-being and physical functioning compared to placebo. These improvements could not be explained by changes in linear growth only, supporting a potential additional direct treatment effect of TransCon CNP beyond linear growth.
|
ARVN | Hot Stocks16:38 EDT Arvinas names Andrew Saik as CFO and Treasurer - Arvinas announced the appointment of Andrew Saik to the role of CFO and Treasurer reporting to Chairperson, CEO, and President, John Houston, Ph.D. Saik has more than 20 years of biopharma finance experience, most recently serving as CFO at Intercept Pharmaceuticals.
|
ADV | Hot Stocks16:38 EDT Advantage Solutions CEO buys $111.6K in common stock - In a regulatory filing, Advantage Solutions disclosed that its CEO David Peacock bought 40K shares of common stock on June 21st in a total transaction size of $111.6K. Shares of Advantage Solutions are up 2% afterhours at $2.93.
|
POOL | Hot Stocks16:36 EDT Pool Corp. sinks 12% to $298 after cutting outlook on 'weak demand'
|
MKGAY | Hot Stocks16:36 EDT Merck KGaA discontinues Phase III TrilynX study - Merck KGaA announced the discontinuation of the Phase III randomized TrilynX study evaluating xevinapant plus chemoradiotherapy in patients with unresected locally advanced squamous cell carcinoma of the head and neck. The decision follows a pre-planned interim analysis performed by the study's Independent Data Monitoring Committee, which found that the trial would be unlikely to meet its primary objective of prolonging event-free survival. Top-line safety data were overall compatible with the chemo-radio sensitizing properties of xevinapant. The company will conduct an in-depth review of the data and will share the results in a peer-reviewed forum. LA SCCHN has proven to be a difficult-to-treat form of cancer. CRT has remained the standard of care for decades, despite multiple studies designed to improve outcomes with new treatment approaches, including multiple immunotherapy trials. "We sincerely thank the patients, caregivers and clinical investigators who participated in this trial," said Danny Bar-Zohar, Global Head of Research & Development and Chief Medical Officer for the Healthcare business sector of Merck KGaA, Darmstadt, Germany. "While we are disappointed by these results, we remain steadfast in our commitment to develop transformative medicines within our oncology portfolio for areas of high unmet need." Given the totality of the data, the company decided to also stop the Phase III clinical trial X-Ray Vision (xevinapant plus radiotherapy, compared to placebo plus radiotherapy) in patients who underwent resection of locally advanced head and neck cancer.
|
VRNT | Hot Stocks16:35 EDT Verint CEO sells $12.7M in common stock - In a regulatory filing, Verint disclosed that its CEO Dan Bodner sold 375K shares of common stock on June 20th in a total transaction size of $12.7M.
|
SJM | Hot Stocks16:34 EDT J.M. Smucker CEO Smucker sells 10,000 common shares - In a regulatory filing, J.M. Smucker chairman, president, and CEO Mark Smucker disclosed the sale of 10,000 common shares of the company on June 21 at a price of $110.16 per share.
|
POOL | Hot Stocks16:30 EDT Pool Corp. trading resumes
|
POOL | Hot Stocks16:29 EDT Pool Corp. to resume trading at 4:30 pm ET - Pool Corp. shares are set to resume trading at 4:30 pm ET, with quotation scheduled to resume at 4:25 pm ET, according to Nasdaq.
|
OMI | Hot Stocks16:28 EDT Owens & Minor CFO Alexander J. Bruni resigns at company request - Owens & Minor states: "Alexander Bruni, the company's Executive Vice President and CFO, has, at the request of the Company, resigned from his position as an officer of the Company, effective June 21, 2024. Mr. Bruni joined the Company in April 2020 and has served as the Company's Chief Financial Officer since October 2022. Mr. Bruni will remain with the Company until September 5, 2024 to support a transition of his leadership duties and, thereafter, will depart to pursue opportunities outside of the Company. Jonathan A. Leon, the Company's Senior Vice President, Corporate Treasurer, has been appointed as interim Chief Financial Officer effective June 21, 2024. Mr. Leon, age 58, joined the Company in January of 2017 where he has served as the Company's Senior Vice President, Corporate Treasurer, responsible for global treasury, corporate development, taxation, and investor relations. Prior to joining the Company, from 2008 to 2017, Mr. Leon worked for the Brinks Company, a provider of cash and valuables management, digital retail solutions, and ATM managed services, where he served as Treasurer. Mr. Leon received his bachelor's degree in finance from the University of Connecticut."
|
MOS | Hot Stocks16:27 EDT Mosaic: April-May potash sales revenue $371M vs. $672M last year - Previous second quarter 2024 guidance is reiterated. Potash sales volume and MOP prices at the mine are expected to be in the range 2.2-2.4M tonnes, and $210-$250 per tonne, respectively. Phosphates sales volumes and DAP prices at the plant are expected to be in the range of 1.6-1.8 million tonnes, and $530-$580 per tonne, respectively.
|
CORT | Hot Stocks16:24 EDT Corcept presents results from prevalence phase of CATALYST at ADA - Corcept Therapeutics Incorporated announced that results from the prevalence phase of its CATALYST study of hypercortisolism, Cushing's syndrome, in patients with difficult-to-control type 2 diabetes were presented at the American Diabetes Association's 84th Scientific Sessions. CATALYST enrolled 1,055 patients across 36 sites in the U.S., making it the largest and most rigorous study ever conducted to assess the prevalence of hypercortisolism in patients with difficult-to-control type 2 diabetes. Of the patients enrolled in CATALYST, 24% were identified as having hypercortisolism. Hypercortisolism was more common in patients with cardiovascular disease, particularly in those who needed multiple medications to manage their hypertension. It was also more common in those taking more medication to manage their diabetes. "Until now, hypercortisolism has been widely regarded as extremely rare. But that turns out not to be true. These results show that hypercortisolism among patients with difficult-to-control type 2 diabetes is much more common than previously assumed and is likely the underlying cause of diabetes in many cases," said Ralph DeFronzo, MD, chief of the Diabetes Division and professor of medicine at UT Health San Antonio and CATALYST study investigator. "These insights should lead to expanded screening for hypercortisolism, more effective treatment and better health outcomes for patients who are struggling today."
|
CNS VLY | Hot Stocks20:18 EDT Cohen & Steers says Raja Dakkuri to succeed Matthew Stadler as CFO - Cohen & Steers (CNS) announced that Raja Dakkuri has joined Cohen & Steers as Executive Vice President and CFO. Dakkuri succeeds Matthew Stadler, who previously notified Cohen & Steers on October 17, 2023 of his intention to retire during 2024 upon the appointment of his successor. As CFO, Dakkuri will lead the firm's financial operations, financial strategy and investor relations. He joins the firm's Executive Committee and reports to Joseph Harvey, CEO and President. Dakkuri joins Cohen & Steers from Valley National Bancorp and Bank (VLY), where he served as Chief Risk Officer.
|
TRGP | Hot Stocks16:18 EDT Targa Resources says William Byers joins as CFO, Kneale named as President - Targa Resources announced the following organizational changes, with the changes approved by Targa's Board of Directors effective July 22. As part of Targa's long-term development plans, Jennifer R. Kneale, current Chief Financial Officer CFO, will become President - Finance and Administration. Jen will continue to report to Matthew J. Meloy, Targa's Chief Executive Officer. William A. Byers will join Targa as Chief Financial Officer, reporting to Jen. Will previously served as CFO at Manchester Energy and Executive Vice President and CFO at Navitas Midstream Partners. "Jen has been tremendously successful as Targa's CFO for the past six years, and as part of her continued development is increasing her role and broadening her responsibilities," said Mr. Meloy. "I am excited to welcome Will to Targa as CFO, as his financial acumen, accomplishments in previous roles, and deep understanding of the midstream industry will be additive to our organization." Will brings more than 20 years of energy financing, M&A, and management experience to Targa, including his leadership role at Navitas, the largest private gas gathering and processing company in the Midland Basin prior to its sale in early 2022. Prior to Navitas, Will was a managing director at Barclays and worked in investment banking for 14 years. Will earned a B.S. in economics, a B.A. in intellectual history, and an M.B.A. from the University of Pennsylvania.
|
CITE | Hot Stocks16:11 EDT Nidar Infrastructure to go public via merger with Cartica Acquisition Corp - Nidar Infrastructure Limited and Cartica Acquisition Corp announced that they have entered into a definitive Agreement and Plan of Merger for a business combination. Nidar is India's leading data center provider for artificial intelligence and high-performance compute. Nidar provides advanced information technology infrastructure and solutions on an "as-a-Service" model to customers worldwide, including enterprises, governments, start-ups and small- and medium-sized enterprises, and hyperscalers. Nidar's offerings include colocation services, managed services and cloud services, and AI services. The pre-transaction equity value of Nidar implied by the Business Combination terms is approximately $2.75B.
|
VTVT | Hot Stocks16:11 EDT vTv Therapeutics screens 1st patient in CATT1 study of cadiseglin for T1D - vTv Therapeutics announced that the first patient has been screened in the Company's CATT1 pivotal trial evaluating cadisegliatin as an adjunct treatment of type 1 diabetes T1D . CATT1 is designed to be a registrational study and is one of several trials that will form the core of the regulatory submission for cadisegliatin, a potential first-in-class, oral, liver selective, glucokinase activator for T1D that has been dosed in over 500 subjects to date, including 300 patients with T1D and type 2 diabetes T2D . "Maintaining glycemic control remains a high and burdensome unmet need for the nearly 8 million people with T1D worldwide. Cadisegliatin is a new approach to current standards of care that is designed to regulate blood glucose levels by selectively activating glucose pathways in the liver," said Paul Sekhri, Chairman, President and Chief Executive Officer of vTv Therapeutics. "Screening the first patient marks an important milestone for our late stage cadisegliatin program and brings us closer to our mission of delivering novel treatments that help improve the lives of millions of patients living with diabetes." Dr. Thomas Strack, Chief Medical Officer of vTv Therapeutics added, "85% of patients with T1D experience one or two hypoglycemic episodes every week, representing an important barrier that limits optimal treatment. Cadisegliatin is designed to reactivate the glucose-regulating capacity in the liver independent of insulin to safely improve episodes of hyper- and hypoglycemia in patients with diabetes."
|
ORN | Hot Stocks16:08 EDT Orion Group awarded three contracts with total value of approximately $63M - Orion Group Holdings announced three contract awards, two in its Concrete segment and one in its Marine segment. Each of the three projects is scheduled to start in Q3 of 2024 and run for nine to twelve months.
|
ABG | Hot Stocks16:08 EDT Asbury Automotive says CDK cyber incident has adversely impacted operations - Asbury Automotive Group learned on Wednesday, June 19, 2024, that one of its vendors, CDK Global, experienced a cyber-attack impacting certain services provided to the Company and many other automotive retailers, including the Company's sales, service, inventory, customer relationship management, and accounting functions. "Upon discovery of the incident, we took immediate precautionary steps to protect our systems," Asbury said. "While information surrounding this event continues to evolve, our stores have contingency plans in place to minimize disruptions to our daily operations. Accordingly, at this time, our ability to sell and service vehicles remains operational, although some elements of our business may function slower than normal. Our Koons Automotive locations in Maryland and Virginia do not utilize CDK's Dealer Management System or CDK's Customer Relationship Management system and therefore continue to operate with minimal interruption, as does Clicklane, our online vehicle purchasing platform. This incident has adversely impacted the Company's business operations, a circumstance likely to continue until such time as the relevant systems are fully restored. Due to the ongoing nature of the situation, we are presently unable to confirm the full scope, nature and impact of the incident, or whether any customer data was accessed. As a result, the Company has not yet determined whether the incident is reasonably likely to have a material impact on the Company's financial condition or results of operations. We remain in contact with CDK Global to assess the situation. Additional updates may be provided as more information becomes available."
|
ILMN GRAL | Hot Stocks20:08 EDT Illumina completes divestiture of Grail - Illumina (ILMN) announced the successful completion of the spin-off of Grail (GRAL). This milestone follows the company's previously announced plans to divest Grail, and Grail is now a public and independent company. Grail will begin regular way trading on Nasdaq on Tuesday, June 25 under the ticker symbol "GRAL." Illumina will continue to trade on Nasdaq under the ticker symbol "ILMN."
|
BROS... | Hot Stocks20:08 EDT Todd Penegor joins Dutch Bros' board of directors - Dutch Bros (BROS) has announced the appointment of Todd Penegor to its Board of Directors, where he will serve as an independent director. Penegor brings extensive executive leadership experience from his tenure as President and CEO of The Wendy's Company (WEN), along with previous roles at Kellanova (K) and Ford Motor Company (F). Penegor has more than 20 years of experience in executive leadership in the food products and consumer goods industries. He most recently served as President and Chief Executive Officer at The Wendy's Company before retiring in February, 2024.
|
CLF | Hot Stocks16:07 EDT Cleveland-Cliffs to host Senator Sherrod Brown, USW's McCall at Cleveland Works - Cleveland-Cliffs announced that Lourenco Goncalves, Chairman, President and Chief Executive Officer is hosting Senator Sherrod Brown of Ohio and leadership from the United Steelworkers, David McCall, USW International President and Donnie Blatt, Director of USW District 1, at its Cleveland Works plant in Ohio on Wednesday, June 26 for a press conference. Senator Brown's visit follows the recent bipartisan legislation introduced to stop the dramatic increase in Mexican steel imports. The Stop Mexico's Steel Surge Act reinstates the 232 tariffs on Mexican steel imports at 25 percent, for no less than a year, and gives the President of the United States the authority to impose additional quotas and tariff rate quotas on specific products if necessary. Senator Brown has led efforts pushing the current administration to take aggressive action to enforce the agreement to level the playing field for American manufacturers and workers in the steel industry, the company said. During the visit, Senator Brown will meet with Cleveland-Cliffs' CEO Lourenco Goncalves and USW International President David McCall, as well as with local union leaders and employees regarding this important trade enforcement matter.
|
WOLF | Hot Stocks16:06 EDT Wolfspeed announces milestones and operational update - The company states: "Wolfspeed's Mohawk Valley silicon carbide fab has reached 20% wafer start utilization, a critical step in the Company's efforts to meet the growing demand for silicon carbide power devices. Additionally, Wolfspeed's Building 10 Materials facility has achieved its 200mm wafer production target to support approximately 25% wafer start utilization at the Mohawk Valley fab by the end of calendar year 2024. Wolfspeed plans to update the market on its next utilization milestone for Mohawk Valley during its fiscal Q4 2024 earnings call in August. The Mohawk Valley fab has also achieved LEED (Leadership in Energy and Environmental Design) Silver certification, a distinction from the world's most widely used green building framework and rating system. The LEED Silver certification highlights Wolfspeed's enduring commitment to going beyond compliance, promoting environmental health and industry leading sustainability. This state-of-the-art Mohawk Valley facility is the world's first purpose-built, fully automated 200mm silicon carbide fab, and when combined with Wolfspeed's market-leading 200mm materials production, solidifies Wolfspeed's competitive position as the only fully vertically integrated 200mm silicon carbide manufacturer at scale. Additionally, Wolfspeed's John Palmour Manufacturing Center in Siler City, NC, which will be the world's largest, most advanced silicon carbide materials facility upon completion, has installed and recently activated initial furnaces less than one year after vertical construction commenced. As a result, the facility is on schedule to achieve crystal qualification by early August 2024. This meaningful progress reinforces the Company's confidence that it is well-positioned to ramp the JP in line with its target to deliver wafers from the facility to Mohawk Valley by the summer of 2025. Wolfspeed also announced that it experienced an equipment incident at its Durham 150mm device fab that resulted in a temporary capacity reduction while the incident was being remediated. Production has been resumed and the Company expects that the Durham 150mm device fab's capacity utilization can return to previously targeted levels by August. As a result of the production disruption, the Company does not expect an impact on fourth quarter revenue, but does expect to have an underutilization impact and incur other costs in the fourth quarter."
|
RIGL | Hot Stocks16:06 EDT Rigel Pharmaceuticals completes transfer of GAVRETO NDA - Rigel Pharmaceuticals announced the completion of the transfer to Rigel of the New Drug Application for GAVRETO for the treatment of adult patients with metastatic rearranged during transfection fusion-positive non-small cell lung cancer as detected by a U.S. FDA approved test and adult and pediatric patients 12 years of age and older with advanced or metastatic RET fusion-positive thyroid cancer who require systemic therapy and who are radioactive iodine-refractory. GAVRETO will be commercially available from Rigel in the U.S. by prescription beginning June 27, 2024.
|
GRAL ILMN | Hot Stocks20:05 EDT Grail to begin trading on NYSE June 25 - Grail (GRAL) announced its spin-off from Illumina (ILMN) is complete, and GRAIL will be listed and commence regular-way trading on the Nasdaq under the symbol "GRAL" as of tomorrow, June 25, 2024. "With this spin-off, GRAIL is taking another important step in our journey to shift the paradigm in early cancer detection," said Bob Ragusa, Chief Executive Officer at GRAIL. "There is nothing acceptable about the status quo in cancer screening today. At GRAIL, we have an unprecedented opportunity to establish a new standard of care through Galleri(R) - our clinically-validated, commercially available multi-cancer early detection test, which screens for many of the deadliest cancers, including those with no recommended screening tests today. As a publicly traded company, we will continue our important work to address one of society's biggest healthcare challenges, and to establish and maintain a market leading position in cancer detection. We have built a strong foundation and track record of innovation, which we will leverage to deliver value for patients, healthcare providers, healthcare systems, shareholders and our employees."
|
IRM | Hot Stocks16:04 EDT Iron Mountain CHRO Baker-Greene sells 6,200 common shares - In a regulatory filing, Iron Mountain executive VP and chief HR officer Edward Baker-Greene disclosed the sale of 6,200 common shares of the company on June 20 at a price of $88.35 per share.
|
AVTX | Hot Stocks16:03 EDT Avalo Therapeutics announces Paul Varki joins as Chief Legal Officer - Avalo Therapeutics announced that Paul Varki has joined the Company as its Chief Legal Officer "We are delighted to have Paul join and grow our leadership team at an exciting time at Avalo following our acquisition and private placement earlier this year," said Garry A. Neil, MD, CEO and Chairman of the Board at Avalo. "Paul's deep industry experience will immediately enhance our strategic and legal competencies. Furthermore, we expect his appointment will augment our ability to create and protect value as well as minimize risk as we progress AVTX-009 in hidradenitis suppurativa and plan for the asset's development in additional autoimmune conditions."
|
HYZN | Hot Stocks16:01 EDT Hyzon Motors announces realigning of strategic priorities - Hyzon announced that after a comprehensive review of Hyzon's business operations, Hyzon has started realigning its strategic priorities along several lines to focus on the company's core North American markets and the refuse industry. In addition to the company's previously disclosed efforts to secure capital, the company announced that it has retained PJT Partners as its financial advisor to lead the ongoing capital raise efforts including via capital markets transactions, and to explore a full range of strategic options for the company, which could potentially include a sale of the company and/or a divestiture of its Europe and Australia/New Zealand businesses and subsidiaries, amongst other alternatives. As the company explores such strategic alternatives, it will continue to focus on cost reduction efforts and managing liquidity, including a reduction in work force or other strategic transactions and/or measures. The realignment process will allow Hyzon to focus its financial resources and investments, better position its first-to-market, single stack 200kW, fuel cell technology in its zero emissions North American Class 8 and refuse truck FCEV platforms as it prepares to launch its significant large fleet trial programs on both platforms in the U.S. and Canada this summer.
|
POOL | Hot Stocks16:00 EDT Pool Corp. trading halted, news pending
|
BITF... | Hot Stocks18:50 EDT Bitfarms says Riot has declined to engage 'constructively' - Bitfarms (BITF) confirmed that it has received a shareholder meeting requisition from Riot Platforms (RIOT). The shareholder meeting is being requisitioned to gain control of the company's Board of Directors. Bitfarms issued the following statement: "The Bitfarms Board of Directors and management team are committed to acting in the best interests of the Company and all of its shareholders. In that regard, the Board established a Special Committee of independent directors to conduct a strategic alternatives review process to thoroughly evaluate all opportunities to maximize shareholder value. The Special Committee determined that Riot's April 22, 2024 proposal of $2.30 per share (which represents a 22% discount to Bitfarms closing price as of June 21, 2024) significantly undervalued the Company and offered to enter into a confidentiality and standstill agreement with Riot and provide additional information about the Company so that Riot could improve its proposal. Since that time, the Special Committee has repeatedly invited Riot to participate in the process, even executing the confidentiality and standstill agreement proposed by Riot. The Special Committee is disappointed that Riot declined to engage constructively and participate in the process, and instead has continued to take steps to attempt to undermine the integrity of the process and harm the interests of other Bitfarms shareholders. The Board and Special Committee remain committed to achieving the best outcome for all Bitfarms shareholders." The company remains committed to constructive engagement with all shareholders and will review the requisition and provide an update in due course. Bitfarms shareholders are not required to take action at this time.
|
NVO | Hot Stocks14:24 EDT Novo Nordisk announces $4.1B investment to expand U.S. manufacturing capacity - Novo Nordisk announced plans to invest $4.1B, or approximately 27B Danish kroner, to build a second fill and finishing manufacturing facility in Clayton, North Carolina, and grow its ability to produce current and future injectable treatments for people with obesity and other serious chronic diseases. "Marking one of the largest manufacturing investments in Novo Nordisk's history, the expansion will add 1.4 million square feet of production space for aseptic manufacturing and finished production processes, doubling the combined square footage of all three of the company's existing facilities in North Carolina. It will also add 1,000 new jobs, besides the nearly 2,500 Novo Nordisk employees already working in the region, a central hub for innovation and biotechnology in the United States," the company stated. "It took us a century to reach 40 million patients, but through this expansion and continued investment in our global production, we're building Novo Nordisk's ability to serve millions more people living with serious chronic diseases in the future. This is yet another real signal of our efforts to scale up our production to meet the growing global need for our life-changing medicines and the patients of tomorrow," added Lars Fruergaard Jorgensen, president and CEO of Novo Nordisk.
|
NVO | Hot Stocks13:32 EDT Novo Nordisk presents full results from FLOW trial of Ozempic - Novo Nordisk presented the full results from FLOW, its phase 3b kidney outcomes trial investigating the effects of once-weekly injectable semaglutide 1 mg in adults with type 2 diabetes and chronic kidney disease, or CKD, at the 84th Annual Scientific Sessions of the American Diabetes Association, or ADA. The double-blind, randomized, placebo-controlled trial, which enrolled 3,533 people with type 2 diabetes and CKD, achieved its primary endpoint, with semaglutide 1 mg demonstrating a 24% reduction in the risk of kidney disease progression and cardiovascular and kidney mortality compared to placebo. The primary outcome was major kidney disease events, a composite of onset of kidney failure, a sustained 50% or greater reduction in eGFR from baseline, or death from kidney-related or cardiovascular causes. "Treating serious comorbidities like chronic kidney disease is critical to improving treatment outcomes for people with type 2 diabetes. The results from the FLOW trial represent important data, as we look to better understand what GLP-1 treatment options could mean for this patient population. Leveraging our deep expertise in cardiometabolic science, we are proud to continue building strong clinical evidence on the strength and versatility of semaglutide to deliver results for people living with serious chronic diseases," said Anna Windle, PhD, senior vice president clinical development, Medical & Regulatory Affairs at Novo Nordisk.
|
HXL EADSY | Hot Stocks17:30 EDT Hexcel slips after Airbus lowers 2024 outlook - Shares of supplier Hexcel (HXL) are down 86c, or 1%, to $64.19 in afternoon trading after Airbus (EADSY) lowered its 2024 guidance and said it now intends to deliver around 770 commercial aircraft in 2024.
|
DHAC | Hot Stocks13:19 EDT Digital Health Acquisition Corp trading resumes
|
DHAC | Hot Stocks13:14 EDT Digital Health Acquisition Corp trading halted, volatility trading pause
|
NVDA | Hot Stocks13:08 EDT Nvidia Head of IR says leaving for 'startup CFO opportunity' - Simona Jankowski, Vice President, Head of Investor Relations & Strategic Finance at NVIDIA, stated in a LinkedIn post: "After seven amazing years, I have decided to leave NVIDIA for a startup CFO opportunity (more on that in a future post). It was not an easy decision. NVIDIA has been close to my heart for over two decades. As a newly minted equity research analyst at Goldman Sachs in 2001, my first assignment was building the NVDA financial model, and I met Jensen Huang as part of our initiation of coverage. I loved following the stock throughout the 2000s - cool product launches, rapid technology advances, supply chain trips to Taiwan, Q&As with Jensen, the birth of CUDA - these were fertile ground for many tech deep dives and (mostly good) stock calls. It helped me make my name as an analyst and I learned a lot." Reference Link
|
MKGAY | Hot Stocks13:04 EDT Merck KGaA stops Phase III trials of xevinapant in head and neck cancer - Merck KGaA is investigating a treatment of xevinapant plus platinum-based chemotherapy compared to placebo plus chemotherapy, in patients with unresected locally advanced head and neck cancer in a Phase III clinical trial. The company decided to discontinue this study. The decision follows a pre-planned interim analysis performed by the study's Independent Data Monitoring Committee, which found that the trial would be unlikely to meet its primary objective of prolonging event-free survival. Given the totality of the data, the company decided to also stop the Phase III clinical trial X-Ray Vision in patients who underwent resection of locally advanced head and neck cancer. Xevinapant is currently under clinical investigation and not approved for any indication anywhere in the world.
|
NSC | Hot Stocks12:26 EDT Norfolk Southern says addresses FRA's safety culture assessment recommendations - Norfolk Southern Corporation said it has implemented measures to address the Federal Railroad Administration's recommendations from its 2023 Safety Culture Assessment. The Assessment, issued in August 2023, made recommendations in the areas of communications, training, trust, and going above and beyond regulatory minimums. Norfolk Southern, working with its independent safety consultant AtkinsRealis US Nuclear, developed action items in response to these recommendations. The company has successfully launched initiatives to implement all items and will monitor these actions to ensure their effectiveness. "We appreciate the strong partnership with FRA on advancing safety and are grateful for its thorough assessment of our culture and their thoughtful recommendations, all of which serve as building blocks to our goal of becoming the gold standard for safety in the industry," said Alan H. Shaw, president and CEO of Norfolk Southern. Norfolk Southern and FRA worked closely together throughout the implementation of the responsive action items. The company provided frequent updates to FRA on its progress, which included briefings by Shaw to FRA Administrator Amit Bose and his senior leadership team.
|
SAVE | Hot Stocks12:05 EDT Spirit Airlines falls -9.0% - Spirit Airlines is down -9.0%, or -35c to $3.53.
|
RMD | Hot Stocks12:04 EDT ResMed falls -11.3% - ResMed is down -11.3%, or -$23.33 to $182.50.
|
INSP | Hot Stocks12:03 EDT Inspire Medical falls -14.6% - Inspire Medical is down -14.6%, or -$23.75 to $138.71.
|
RDW | Hot Stocks12:02 EDT Redwire rises 15.3% - Redwire is up 15.3%, or 89c to $6.72.
|
SKIL | Hot Stocks12:01 EDT Skillsoft rises 15.7% - Skillsoft is up 15.7%, or $1.62 to $11.94.
|
RXO | Hot Stocks12:00 EDT RXO Inc. rises 23.2% - RXO Inc. is up 23.2%, or $4.69 to $24.90.
|
XOM AIQUY | Hot Stocks15:46 EDT Exxon Mobil adds Air Liquide to Baytown, Texas hydrogen project - ExxonMobil (XOM) and Air Liquide (AIQUY) announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil's Baytown, Texas facility. The agreement will enable transportation of low-carbon hydrogen through Air Liquide's existing pipeline network. Additionally, Air Liquide will build and operate four Large Modular Air separation units to supply 9,000 metric tons of oxygen and up to 6,500 metric tons of nitrogen daily to the facility. The LMAs will primarily use low-carbon electricity to reduce the project's carbon footprint. "Momentum continues to build for the world's largest low-carbon hydrogen project and the emerging hydrogen market," said Dan Ammann, President of ExxonMobil Low Carbon Solutions. "This partnership with Air Liquide further strengthens our Baytown project by enabling hydrogen distribution through existing networks and securing key feedstocks." ExxonMobil's planned hydrogen production facility will be the world's largest. It is expected to produce 1 billion cubic feet of low-carbon hydrogen daily, and more than 1 million tons of ammonia annually while capturing more than 98% of the associated CO2 emissions.
|
LRE | Hot Stocks11:10 EDT Lead Real Estate board approves special cash dividend - Lead Real Estate's Board of Directors approved a special cash dividend, payable on or about September 30, 2024, to all shareholders of record as of June 30, 2024 with an American depositary receipt record date of June 28, 2024. The dividend will be subject to shareholder approval at the Company's annual general meeting to be held in September 2024.
|
RWOD WENA | Hot Stocks14:55 EDT ANEW Medical commences trading on Nasdaq - ANEW MEDICAL announces the Company's common shares and warrants will begin trading on the NASDAQ Global Market under the ticker symbols "WENA" and "WENAW", respectively. ANEW is a specialty pharmaceutical company specializing in the advancement of diagnostics and novel disease-modifying therapies for neurological and age-related disorders. On June 21, 2024, Redwoods Acquisition Corp. (RWOD) announced the completion of their previously announced business combination with ANEW MEDICAL, INC. Today, June 24, 2024, the Company is trading under the "WENA" symbol.
|
CDLR | Hot Stocks10:33 EDT Cadeler reports contract for installation of 72 15MW wind turbines at Inch Cape - In a regulatory filing earlier, Cadeler A/S announced the signing of a firm contract with Inch Cape Offshore Limited for the installation of 72 Vestas 15MW offshore wind turbines at Inch Cape Offshore Wind Farm. "The contract value is projected to fall within the range of EUR 114 - 130 million, with installation due to commence in the fourth quarter of 2026. This project illustrates Cadeler's commitment to expanding its partner portfolio, while strengthening and diversifying its contract backlog. Located 15 kilometres off the East Coast of Scotland in the North Sea, Inch Cape Offshore Wind Farm will generate enough energy to power the equivalent of approximately 1.6 million UK households. For the successful execution of this project, Cadeler will utilize one of its two state-of-the-art newbuild M-class installation vessels. The overall duration of the project is estimated to be around 249 days," the company stated. Mikkel Gleerup, CEO of Cadeler, said: "This contract once again illustrates the increasing demand for our new build state-of-the-art vessels and our commitment to expanding our partner portfolio, while strengthening our overall contract backlog. With the recent renewal and continuing expansion of our fleet of jack-up offshore wind installation vessels - the industry's largest - Cadeler is ready to meet the fast-growing and dynamic market demand." Reference Link
|
TEM | Hot Stocks10:19 EDT Tempus AI receives 510(k) Premarket Notification for Tempus ECG-AF - Tempus AI received a 510(k) Premarket Notification from the FDA to indicate that the Tempus ECG-AF device was judged "Substantially Equivalent," according to a notice posted to the FDA site with a decision date of June 21. Reference Link
|
SSYS | Hot Stocks10:06 EDT Stratasys, AM Craft partner to drive growth in 3D part manufacturing - Stratasys and AM Craft are partnering to align the two companies' efforts to grow the demand for flight-certified 3D printed parts in the aviation industry. The companies signed a definitive commercial collaboration agreement, along with Stratasys' strategic investment in AM Craft. Holding an EASA Part 21G Production Organization Approval, AM Craft solves a key barrier to broader adoption of 3D printed parts in the aviation industry by delivering airworthiness certified parts to airlines, MROs, and OEMs. Additive manufacturing has strong appeal as a supply chain solution in these markets due to the long sustainment life of aircraft and the resulting challenges in forecasting and stocking replacement parts.To facilitate the partnership with Stratasys, Stratasys SVP Jeff Hemenway is joining the AM Craft board of directors. AM Craft currently produces aviation components in Europe and has demonstrated the ability to extend their Production Organization Approval to Paradigm 3D, a partner company in Dubai, UAE. Stratasys currently engages in certified aviation parts manufacturing through subsidiary Additive Flight Solutions in Singapore. In structuring this partnership, AM Craft will own and operate AFS, further extending AM Craft's production network to Southeast Asia, and add a Hamburg facility later this year. The combined network operates 13 printers under EASA 21G approval, which have produced more than 28,000 flight parts to date. A future step within the partnership will be to evaluate collaboration with US-based Stratasys Direct Manufacturing, and their substantial install base of similar equipment.
|
PNST | Hot Stocks10:04 EDT Pinstripes falls -6.7% - Pinstripes is down -6.7%, or -22c to $3.03.
|
MVST | Hot Stocks10:04 EDT Microvast, Evoy forge partnership for boat electrification - Microvast Holdings announced a strategic partnership with Evoy, a Norwegian company specializing in high-output electric motor systems for boats. The collaboration with Evoy is Microvast's debut in the electric boat segment and marks an expansion of Evoy's battery options for diverse market applications. Evoy will be integrating Microvast MV-I high-power battery packs into their leisure boat product line. The MV-I battery pack offers a range of environmental and technical benefits, such as fast responsive torque for quick acceleration.
|
RMD | Hot Stocks10:03 EDT ResMed falls -10.7% - ResMed is down -10.7%, or -$22.07 to $183.76.
|
INSP | Hot Stocks10:03 EDT Inspire Medical falls -13.2% - Inspire Medical is down -13.2%, or -$21.45 to $141.01.
|
GEHC | Hot Stocks10:02 EDT GE HealthCare, Heart Hospital of New Mexico to install Allia IGS Pulse Lab - Heart Hospital of New Mexico at Lovelace Medical Center and GE HealthCare announced HHNM as the first location in the United States to install GE HealthCare's latest Allia Image Guided System Pulse, which was designed to provide exceptional image quality and improve workflow for the diagnosis and treatment of cardiovascular diseases. HHNM will use the Allia IGS Pulse system in its cardiac electrophysiology lab to plan, guide and monitor the outcomes of electrophysiological procedures, such as cardiac ablations, cardiac catherizations, transcatheter aortic valve replacements, balloon and coronary angioplasties and more.
|
RDW | Hot Stocks10:02 EDT Redwire rises 6.5% - Redwire is up 6.5%, or 38c to $6.21.
|
PUK | Hot Stocks10:01 EDT Prudential plc rises 7.3% - Prudential plc is up 7.3%, or $1.31 to $19.32.
|
RXO | Hot Stocks10:00 EDT RXO Inc. rises 14.3% - RXO Inc. is up 14.3%, or $2.88 to $23.09.
|
TEVA | Hot Stocks09:53 EDT Teva announces launch of authorized generic of Victoza in the U.S. - Teva Pharmaceuticals announced the launch of an authorized generic of Victoza, in the United States. "By launching an authorized generic for Victoza, we are providing patients with type 2 diabetes another option for this important treatment," said Ernie Richardsen, SVP, Head of U.S. Commercial Generics at Teva. "In addition to strengthening Teva's diverse complex generics portfolio, we are providing the first generic GLP-1 product to the U.S. marketplace, demonstrating once again our ability to sustain a generics powerhouse." Victoza had annual sales of $1.656 billion as of April 2024.
|
MYTE | Hot Stocks09:52 EDT Mytheresa falls -6.7% - Mytheresa is down -6.7%, or -33c to $4.60.
|
SWVL | Hot Stocks09:51 EDT SWVL Holdings Corp trading resumes
|
RMD | Hot Stocks09:51 EDT ResMed falls -7.5% - ResMed is down -7.5%, or -$15.54 to $190.29.
|
LRE | Hot Stocks09:50 EDT Lead Real Estate Co Ltd (ADR) trading resumes
|
INSP | Hot Stocks09:50 EDT Inspire Medical falls -10.8% - Inspire Medical is down -10.8%, or -$17.49 to $144.97.
|
CDLR | Hot Stocks09:49 EDT Cadeler rises 6.5% - Cadeler is up 6.5%, or $1.57 to $25.58.
|
PUK | Hot Stocks09:48 EDT Prudential plc rises 6.9% - Prudential plc is up 6.9%, or $1.25 to $19.26.
|
RXO | Hot Stocks09:47 EDT RXO Inc. rises 13.3% - RXO Inc. is up 13.3%, or $2.68 to $22.89.
|
LRE | Hot Stocks09:45 EDT Lead Real Estate Co Ltd (ADR) trading halted, volatility trading pause
|
KSCP | Hot Stocks09:42 EDT Knightscope signs contract wih Texas city for three K1 Blue Light Towers - Knightscope announces a new contract from a Texas municipality for 3 K1 Blue Light Towers. This is the first contract through the newest Knightscope Authorized Partner PMB Capital Investments, a privately held real estate investment and development company based in Dallas, TX.
|
SWVL | Hot Stocks09:41 EDT SWVL Holdings Corp trading halted, volatility trading pause
|
WETH | Hot Stocks09:36 EDT Wetouch CEO says company's financial situation is 'very solid' - WeTouch Technology released CEO Zongyi Lian's Letter to Shareholders, which read in part, "I hope this letter finds you well. I am writing to share some exciting updates and reaffirm the robust financial health and promising future of Wetouch Technology. First and foremost, I am pleased to inform you that our company's financial situation is very solid. As of our latest balance sheet, Wetouch Technology boasts a substantial cash reserve of $94.8M. This strong cash position provides us with a significant buffer and ample opportunities for strategic investments and growth. In addition to our strong financial foundation, Wetouch Technology is proud to have established relationships with a roster of renowned global clients. Among our esteemed partners are industry leaders such as Siemens in Germany, Delta and Weinview in Taiwan area, and Canon and Sharp in Japan. These partnerships are a testament to the quality and reliability of our products and services. Furthermore, we have made significant strides in product development. Our next generation of products not only showcases our innovative capabilities but also promises impressive financial returns. These new products are expected to yield more than 50% profits compared to the first generation, positioning us well for continued growth and success. Given these solid foundations, we believe that Wetouch Technology is currently undervalued. We are considering various actions to ensure that our company's true value is recognized and reflected in the market. These actions aim to enhance value for our shareholders and investors, ensuring that our market valuation accurately represents our financial strength and growth potential."
|
TMTC | Hot Stocks09:33 EDT TMT Acquisition merger partner eLong Power receives RMB480M purchase order - The merger partner of TMT Acquisition Corp, eLong Power Holding, announced that its wholly-owned subsidiary has signed a supply contract for energy storage systems valued at RMB480M, approximately $66M. The execution of this supply contract follows a strategic partnership agreement signed last year with a major general contractor in the Chinese energy construction industry. The contract is for a 600MWh lithium battery storage system to be installed for a municipal project in Shandong province, China, with delivery expected by October 31, 2024. The contract contains provisions for an advance payment of 30% of the total contract price 3 months prior to shipment, an additional 60% within 7 business days after product delivery and installation with the 10% balance subject to product quality assurances for a year thereafter. Additionally, the contract contains penalties for late delivery by eLong Power and late payments by the buyer, as well as protections for eLong Power in the case of unilateral termination by the buyer.
|
SKVI | Hot Stocks09:27 EDT Skinvisible Inc expands obesity patent application for transdermal delivery - Skinvisible Pharmaceuticals announced the filing of a second patent application for its Invisicare technology and its transdermal delivery of obesity and glucose-controlling agents. This new application significantly broadens the scope of the Company's initial patent application titled "Transdermal Delivery Composition for Delivery of CB-1 Receptor Antagonists and/or GLP-1 Receptor Agonists, and Method of Delivery," previously announced in May, encompassing a wider range of active ingredients and additional conditions beyond obesity that can benefit from glucose-controlling agents such as diabetes. The new patent application, titled "Transdermal Delivery Composition for Delivery of at Least One Glucose Controlling Agent, and Method of Delivering at Least One Glucose Controlling Agent," represents a substantial leap forward in Skinvisible's research and development efforts. The Company's proprietary Invisicare drug delivery technology is at the heart of this innovation, demonstrating its ability to maximize transdermal delivery of various drugs through the skin without the use of a patch or micro-needles.
|
CREV | Hot Stocks09:27 EDT Carbon Revolution secures $25M financing agreement - Carbon Revolution has reached an agreement with Orion Infrastructure Capital for the early release of a further $25 million in five tranches, each equal to $5 million, subject to satisfying certain reserve release conditions. In connection with the release of each of the five tranches of $5 million from escrow, the Company will issue to OIC a warrant to purchase a number of shares equal to 2.5% of the Company's shares outstanding. The incremental $25 million of capital to be funded from OIC is intended to fund the Company as it works to satisfy the growing demand from Carbon Revolution's OEM customers. The Company is making substantial investments in capacity and throughput and has been producing wheels at record rates.
|
SKYX | Hot Stocks09:26 EDT SKYX Platforms announces issuance of six additional patents - SKYX announced the issuance of 6 additional patents in the U.S. and internationally, including China, India, Europe, Canada, and Mexico for its advanced smart Plug & Play Ceiling Fan & Heater. SKYX owns over 60 lighting and home decor websites with a mission to make homes and buildings become smart, safe, and advanced as the new standard. The 6 additional patent issuances cover SKYX's advanced plug-and-play smart ceiling fan and heater, enabling an all-in-one all-season product providing cool air for summertime and hot air for wintertime. SKYX's Total Addressable Market of over $500 billion, with its robust and versatile U.S. and global patent portfolio, creates tremendous Company value, and brings the Company's patent portfolio to a total of over 94 issued and pending patents, 36 of which are issued patents covering SKYX's advanced plug-and-play and smart home platform technologies for safety, smart home, AI, electrical, lighting and ceiling fan industries.
|
PEGY | Hot Stocks09:25 EDT Pineapple Energy's SUNAation enters installation agreement - SUNation Energy announced that they will be installing a custom roof-mounted solar system on the National Training Center of the Guide Dog Foundation and America's VetDogs, sister national nonprofit organizations, based in Smithtown, New York. The nonprofits breed, raise, train, and place highly trained assistance dogs with individuals with disabilities, free of charge. The solar installation is slated to reduce the nonprofits' operating expenses, allowing more of their resources to go directly towards the services they provide. Guide Dog Foundation and America's VetDogs both receive the highest ratings for financial stewardship and transparency from the leading charitable watchdog organizations. The nonprofits rely on contributions from generous individuals, corporations, service clubs, and foundations to fund its programs and services. The project's costs were significantly offset by a donation from Contract Pharmacal, a global manufacturer of pharmaceutical products, also based on Long Island. In addition to the support from Contract Pharmacal, the project is benefitting from federal Investment Recovery Act funding. Work is expected to begin in July 2024.
|
RVSN | Hot Stocks09:24 EDT Rail Vision secures Japanese patent for AI-powered railway detection system - Rail Vision announced that it has received a notice of allowance from the Japan Patent Office for its innovative AI-based railway obstacle detection system. This achievement marks a significant milestone in Rail Vision's global expansion strategy, reinforcing its commitment to enhancing railway safety across the world. The patented technology integrates advanced electro-optical imaging with artificial intelligence to detect obstacles on railways, significantly mitigating the risk of collisions and enhancing the safety of rail operations. Key features of the patent include: Advanced Electro-Optical Imaging: Employs single spectrum or multispectral imaging to capture detailed visuals of the train's path and surroundings. Electro optic sensors are used to survey and monitor railway scenes in real time. AI-Driven Image Processing: Utilizes deep learning and convolutional neural networks to accurately identify the railway path and detect potential obstacles. Image processing is applied to distinguish living creatures in the image frame from man-made objects based on temperature of the body and object.
|
SLS | Hot Stocks09:24 EDT Sellas Life Sciences granted Rare Pediatric Disease Designation for SLS009 - SELLAS Life Sciences Group announced that the U.S. Food and Drug Administration has granted Rare Pediatric Disease Designation to SLS009, a highly selective CDK9 inhibitor, for the treatment of pediatric acute lymphoblastic leukemia. Childhood ALL is a life-threatening disease with a high unmet medical need. Despite significant advances in the treatment of pediatric ALL, relapse continues to be the most common cause of treatment failure. There are patient subpopulations with high-risk and very high-risk features in need of less toxic therapies that would ultimately extend their long-term event-free survival which remains around 50% for very high-risk groups. In clinical trials, SLS009 has demonstrated a very favorable safety profile with complete absence, to date, of any non-hematologic clinical higher-grade toxicities.
|
NWVCF | Hot Stocks09:23 EDT EnWave signs royalty-bearing commercial license with Bounty Specialty Foods - EnWave Corporation has signed a new royalty-bearing, commercial license agreement with Bounty Specialty Foods, a part of Bounty Fresh Group, a leading producer of protein products in Southeast Asia. Additionally, Bounty has purchased a 10kW Radiant Energy Vacuum machine for continued product development and early-stage commercial production for the Southeast Asian Market. Under the Commercial License terms, Bounty has acquired certain exclusive rights to use EnWave's patented REV technology for the production of several product types in the Philippines. If initial commercial efforts are deemed successful, Bounty intends to acquire large-scale REV machinery to produce protein, fruit and vegetable products in a more material manner. Bounty will pay a royalty commensurate with certain other existing licenses granted by EnWave, and the Company intends to continue working closely with Bounty to ensure optimal product development success.
|
WLBMF | Hot Stocks09:21 EDT Wallbridge Mining engages ICP Securities for automated market making services - Wallbridge Mining Company announced an agreement to engage the services of ICP Securities to provide automated market making services, including the use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Exchange and other applicable legislation. Under terms of the Agreement, ICP will receive a monthly fee, with there being no performance-based factors. No stock options or other forms of equity-based compensation will be granted in connection with the Agreement. ICP and its clients may choose to acquire an interest in the securities of the Company in the future. ICP is an arm's length party to the Company. ICP's market making activity will be primarily aimed at correcting temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
|
NVAX | Hot Stocks09:21 EDT Novavax submits application to EMA for updated JN.1 COVID-19 vaccine - Novavax announced that it has filed for a type II variation of existing Marketing Authorization with the European Medicines Agency for its JN.1 COVID-19 vaccine for individuals aged 12 and older. The submission is in line with guidance from EMA and the World Health Organization to target the JN.1 lineage this fall. Novavax intends to have its vaccine in unit-dose vials available for distribution in the European Union for immediate release post-approval. Novavax has also filed with the U.S. FDA and is working with other regulatory authorities globally on authorization or approval of its JN.1 COVID-19 vaccine.
|
AVGO | Hot Stocks09:20 EDT Broadcom previews highlights of VMware Explore 2024 - Broadcom previewed highlights of VMware Explore 2024, the industry's essential cloud event. VMware Explore 2024 will kick-off in Las Vegas on August 26-29, 2024 at The Venetian Convention and Expo Center. That event will be followed by VMware Explore 2024 in Barcelona, Spain on November 4-7, 2024 at the Fira Gran Via. VMware Explore Las Vegas will include a general session featuring Broadcom leaders, VMware experts, and customers showcasing advancements in private cloud, generative AI, app delivery, and the edge. The event will also offer hundreds of user-driven panels, certification training, and labs on industry and technology topics. Content will cover advanced cloud solutions for infrastructure modernization, accelerating app development, comprehensive networking and security, and other innovation topics such as private AI. For those that are unable to attend the Las Vegas conference in-person, Broadcom will live stream the general session on August 27, 2024.
|
MULN | Hot Stocks09:20 EDT Bollinger Motors receives EPA certification for Class 4 trucks - Mullen Automotive announces its subsidiary, Bollinger Motors, has received its Certificate of Conformity from the Environmental Protection Agency for its Class 4 B4 Chassis Cab. The Certificate of Conformity attainment is another important milestone for Bollinger Motors as it moves closer to delivering initial vehicles to customers. Bollinger Motors plans to launch the Bollinger B4 Chassis Cab in the second half of 2024. The Certificate of Conformity certifies that the Bollinger B4 conforms to EPA emissions requirements. While the Bollinger B4 is an all-electric, zero-emissions vehicle, the certification is still an important requirement for any manufacturer to begin selling vehicles in the United States
|
XPL | Hot Stocks09:19 EDT Solitario COO Walter Hunt to retire - Walter Hunt, Solitario's COO, will be retiring from Solitario at the end of June. Walt has been with the Company for over 30 years directing various exploration, development and permitting activities for Solitario. Solitario recently expanded its Golden Crest project management team with the addition of Sandor Ringhoffer. Sandor comes to Solitario with over 36 years in the gold exploration arena, 19 years of which were spent with Agnico Eagle. Most recently, Sandor was project manager for Agnico Eagle's Gilt Edge gold mine re-evaluation project in the Black Hills.
|
STAF | Hot Stocks09:17 EDT Staffing 360 Solutions announces one for ten reverse stock split - Staffing 360 Solutions announced that it intends to effect a reverse stock split of its common stock at a ratio of one 1 post-split share for every ten 10 pre-split shares. The reverse stock split will become effective at 4:05 p.m., New York time, on Tuesday, June 25, . Staffing 360's common stock will continue to trade on the Nasdaq Capital Market under the symbol STAF, and will begin trading on a split-adjusted basis when the market opens on Wednesday, June 26, 2024. The new CUSIP number for the common stock following the reverse stock split will be 852387604.
|
XPL | Hot Stocks09:17 EDT Solitario receives final USFS approval on plan for Golden Crest Gold project - Solitario Resources announced that its final revised Plan of Operations for its Golden Crest project has been signed by US Forest Service. Additionally, the South Dakota Board of Minerals has accepted Solitario's reclamation bond paving the way for exploration drilling to begin. We are now in the process of mobilizing drilling equipment and organizing support equipment necessary for our drilling operations. Several drill targets are planned to be tested, including Downpour, Whirlwind, Matchstick and Mirage. None of these high-quality gold targets have ever been drilled before.
|
APGI | Hot Stocks09:16 EDT American Power to showcase V7000 Dual Fuel Solution at Better Than Zero summit - American Power Group announced their sponsorship role as well as participation on a panel discussion of The Transport Project's Inaugural Better Than Zero Summit, to be held June 24-26, 2024 at the Westin Downtown Nashville, Nashville, TN. Headquartered in Washington, D.C., The Transport Project is a national coalition of roughly 200 fleets, vehicle and engine manufacturers, servicers, suppliers, fuel producers and fuel providers dedicated to the decarbonization of North America's transportation sector. APG is sponsoring the "Achieve Better Than Zero Today with RNG" panel discussion on Tuesday, June 25, 2024 which will address the growing popularity and use of renewable natural gas and how the use of RNG in lieu of fossil natural gas can significantly reduce a vehicle's emission profile. APG has received third party validation that it's Dual Fuel Solution displacing 50-60% of diesel consumption with RNG from dairy manure could generate an estimated carbon intensity score of the fuel of between -104 to -145 gC02e/MJ and avoid between 500 to 610 metric tons of CO2 per year per vehicle.
|
VZ | Hot Stocks09:14 EDT Verizon Frontline showcases advanced communications solutions at TechNet Cyber - Verizon Frontline will demonstrate a number of innovative solutions designed to deliver mission-critical communications capabilities to public safety, government and military agencies during AFCEA's annual TechNet Cyber event. Taking place June 25-27 at the Baltimore Convention Center, AFCEA TechNet Cyber brings together leaders from all areas of government to discuss the policy, strategic architecture, operations and command & control - along with the joint capabilities-needed to meet global security challenges and successfully operate in a digital environment. During the TechNet Cyber, Verizon Frontline will showcase its Tactical Humanitarian Operations Response platform, an innovative deployable asset built to provide public sector partners - including the Department of Defense and first responders - with the full range of Verizon Frontline technology. With capabilities ranging from mobile, private 5G ultra wideband, to satellite, to commercial and onboard drone options, to the ability to be operated remotely from a tablet, THOR could be considered the multi-tool of Verizon Frontline assets.
|
ALSA | Hot Stocks09:13 EDT Alpha Star Acquisition enter LOI with XDATA for business combination - Alpha Star Acquisition Corporation has entered into a letter of intent with XDATA GROUP, an Estonia-based financial technology solutions company on June 19, 2024. Xdata provides a range of specialized products, including an Internet Banking Suite, Mobile Banking Apps for banks and EMIs, and a comprehensive CRM solution. Xdata is also excited to announce the launch of its new product, ComplyControl, designed to enhance client satisfaction. Key features include advanced analytics powered by AI and machine learning for better accuracy and decision-making, real-time monitoring with continuous updates from global sanctions lists, PEP registries, and media sources, and personalized service offering custom solutions tailored to satisfy each client's needs. The product also boasts seamless integration, fitting easily with existing systems without disruption, and global coverage for comprehensive screening across multiple jurisdictions. Additionally, it offers customizable screening with flexible criteria and thresholds, ensuring a balance of thoroughness and efficiency. Xdata remains dedicated to providing top-quality service and value.
|
SISI | Hot Stocks09:12 EDT Shineco enters into securities purchase agreement for gross proceeds of $7M - Shineco, entered into a Securities Purchase Agreement with certain non-U.S. investors. Pursuant to the SPA, the Company will issue up to 1,400,000 shares of its common stock to the Purchasers in a private placement financing transaction at an offering price of $5.00 per share. The gross proceeds of the Offering are expected to be approximately $7,000,000, before the deduction of customary expenses. The Purchasers are a former related party of the Company, who agreed to purchase 1,000,000 shares of common stock, a management member of the Company, who agreed to purchase 200,000 shares of common stock, and an individual investor who agreed to purchase 200,000 shares of common stock. The Offering is expected to close, and the Shares are expected to be issued, on or about July 31, 2024. The Company plans to use the proceeds from this offering for working capital and general corporate purposes, further bolstering the execution of its strategic initiatives.
|
TOON | Hot Stocks09:11 EDT Kartoon Studios announces Winnie-The-Pooh business team - Following Kartoon Studios' announcement last week regarding the 2025 Christmas Eve premiere of "Kartoon Studio's Winnie-The-Pooh," the company announced a team of proven executives to drive the development, production, retail, and global distribution strategy for the property. The development, production, and growth of the property is funded by a non-dilutive production financing of $30M, led by Catalyst Venture Partners. The global consumer products business will be led by veteran licensing executive, Ryan Gagerman, who has held senior positions at Paramount Pictures, Electronic Arts, and DIC Entertainment. Gagerman, has been appointed Head of Global Licensing for "Kartoon Studios' Winnie-The-Pooh," responsible for building the brand across all major license categories, including toys, electronics, publishing, apparel, and more.
|
VITFF | Hot Stocks09:10 EDT Sitka announces acquisition of Victoria Gold's Clear Creek Property - Sitka Gold announces that the Company has executed a definitive asset purchase agreement with Victoria Gold Corp. dated June 24, 2024 in connection with the acquisition of a 100% interest in the Clear Creek property, located adjacent to the Company's RC Gold Project. The Clear Creek Property claims adjoin Sitka Gold's road accessible RC Gold Project located approximately 100 kilometres east of Dawson City, Yukon and cover the southern portion of the Clear Creek Intrusive Complex. The Property encompasses several regions of intrusion-related gold mineralization that have undergone various levels of exploration, including historical reverse circulation and diamond drilling. Pursuant to the Purchase Agreement, the Company issued to Vendor an aggregate of 21,843,401 common shares in the capital of the Company as an initial payment, representing 8% of the issued and outstanding shares of Sitka after giving effect to the issuance of the Shares. In order to complete the Acquisition, the Company is required to make the following additional payments: $2,000,000 on or before August 30, 2025; $3,000,000 on or before June 24, 2026; and $6,000,000 on or before June 24, 2027. During the term of the Purchase Agreement while the Deferred Payments are pending, Sitka will act as operator of the Clear Creek Property and have control over its work programme. The Company may, in its sole discretion, satisfy any Deferred Payment in cash or through the issuance of such number of Shares as is equal to the amount of the applicable Deferred Payment based on the volume weighted average price of the Shares on the TSX Venture Exchange for the 20 consecutive trading days immediately prior to the due date of the applicable Deferred Payment, provided however that in the event that any such Share issuance would result in the Vendor holding greater than 19.9% of the issued and outstanding Shares of the Company, the Company must first obtain: the written consent of the Vendor to receive such Shares; and approval of the shareholders of the Company in accordance with Exchange policies. As additional consideration, upon completion of the Acquisition, the Company will grant to the Vendor a 5.0% net smelter return royalty on the Property. The Company shall have the right at any time following the grant of the NSR Royalty to purchase from the Vendor 60% of the NSR Royalty by way of a one-time cash payment of $10,000,000. In the event that the Company publicly delineates proven and probable mineral reserves of 2,000,000 ounces or more of gold or gold equivalent on the Property, then the Company shall make an additional payment of $10,000,000 in cash to the Vendor within 60 business days of such public delineation. In the event that the Company has not made such public delineation before the fifth anniversary of the Purchase Agreement, then the Vendor shall have the right to cause an evaluation by an independent qualified personto be conducted as to the extent of the mineral resources on the Property, and, in the event such qualified person determines the existence of measured and/or indicated resources of 2,000,000 ounces or more of gold or gold equivalent on the Property, then the Company shall make the $10,000,000 cash payment to the Vendor within 60 business days. In connection with the Purchase Agreement, the parties have entered into an investor rights agreement pursuant to which, among other things: at any time in which the Vendor shall have beneficial ownership of at least 15% of the issued and outstanding Shares of the Company, the Vendor shall have the right to nominate one director to the board of directors of the Company; and the Vendor has been granted certain customary anti-dilution and registration rights.
|
EDBL | Hot Stocks09:10 EDT Edible Garden announces expansion of distribution through Hemingways - Edible Garden announced an expansion of its distribution through Hemingways, a leading distributor of organic and all-natural products serving over 350 retail partners in the Northeast. This expansion includes the launch of an innovative, integrated rack program specifically designed for Hemingway's retail locations, further enhancing the presentation and accessibility of Edible Garden's products. Mr. Jim Kras, Chief Executive Officer of Edible Garden, commented, "We are pleased to expand our distribution partnership with Hemingways, a key player in distributing our products across the Northeast region. The new integrated rack program is designed to offer Hemmingway's retail partners an improved and more efficient method for displaying our herbs. The rollout of the integrated racks will initially begin with two of Hemingway's retail partners, Adams Hometown Markets and Highland Park Markets, with plans to extend it throughout their New England distribution network in the future. The introduction of these integrated racks is consistent with our strategy to enhance brand visibility and improve consumer access to our products. We believe this initiative will provide a more engaging and efficient shopping experience to retail customers, which in turn can help increase sales and general customer satisfaction."
|
NNBR | Hot Stocks09:08 EDT NN, Inc. appoints Chris Bohnert as Chief Financial Officer - NN announced the appointment of Chris Bohnert as Chief Financial Officer, effective June 25 Bohnert brings over 30 years of global manufacturing leadership experience as an accomplished CFO with significant experience in successful business transitions and deep accounting expertise. Bohnert will report directly to NN's Chief Executive Officer, Harold Bevis. Bohnert succeeds Mike Felcher, who is departing the company to pursue other opportunities. Felcher will stay on as a consultant to assist with the transition. "Chris's deep experience in manufacturing company turnarounds, IT, investor relations, and banking will make an immediate impact," said Harold Bevis, President and CEO of NN, Inc. "Chris and I have worked together before and now is the right time to make this change. We are going to both pick up the pace and broaden our objectives. Chris is operationally savvy, proactive and has a track record of delivering results. This will be an accelerator for NN's transformation."
|
MCAC | Hot Stocks09:07 EDT Monterey Capital, ConnectM announce effectiveness of registration statement - ConnectM Technology Solutions and Monterey Capital Acquisition Corporation announced that the Securities and Exchange Commission has declared effective MCAC's registration Statement on Form S-4 in connection with ConnectM's and MCAC's previously announced proposed business combination. MCAC has also filed with the SEC the definitive proxy statement/prospectus for its special meeting of stockholders to, among other things, approve the Business Combination with ConnectM. The Special Meeting will be held virtually via live webcast at https://cstproxy.com/montereycapital/2024 on July 10, 2024, at 10 a.m. for MCAC stockholders of record as of the close of business on May 20, 2024, at which MCAC's stockholders will be asked to consider and vote upon proposals to approve the Business Combination and related matters. The Business Combination is expected to close after the Special Meeting, subject to obtaining requisite stockholder approvals and the satisfaction or waiver of the conditions in the business combination agreement and other customary closing conditions. Upon closing of the Business Combination, the post-closing company will be renamed "ConnectM Technology Solutions, Inc." and its common stock and warrants are expected to trade on The Nasdaq Stock Market under the ticker symbols "CNTM" and "CNTMW," respectively. The entity currently named "ConnectM Technology Solutions, Inc." will be renamed "ConnectM Operations, Inc." and operate as a wholly-owned subsidiary of the publicly traded entity.
|
ML PINS | Hot Stocks13:06 EDT MoneyLion appoints Kaplan as Chief Revenue Officer - MoneyLion (ML) announced the appointment of Jon Kaplan as the company's first Chief Revenue Officer, CRO. Kaplan brings a wealth of experience and a proven track record of driving growth and innovation at iconic technology companies, including Pinterest (PINS).
|
CEI | Hot Stocks09:06 EDT Camber Energy announces test results for wildfire mitigation technology - Camber Energy announced the conclusion of critical independent testing of its Broken Conductor Protection Technology for Electric Transmission Systems. The comprehensive testing, which included over fifty real-time-digital-simulations of broken conductors using varying voltage levels at different points of a transmission line, demonstrated the reliability and effectiveness of Camber's technology in de-energizing a broken conductor before it contacts the ground or a grounded structure, thereby preventing the conductor from being a source of ignition or a danger to life and property. This testing was coordinated by Bridge View Resources and conducted at a laboratory of a nationally-recognized engineering firm that specializes in complex and diverse electrical transmission and distribution projects for investor-owned utilities, municipalities, rural cooperatives, and industrial clients. According to the JEC Democratic Majority's analysis published in October, 2023, the total annual economic burden of wildfires in the United States is between $394 billion and $893 billion in damages annually, which is equivalent to between 2-4% of U.S. GDP. Solutions like Camber's broken conductor protection technology can assist with lowering this burden and, most importantly, increase public safety. Technology owned by majority-owned subsidiaries of Camber is designed to be an integral component within existing grid protection systems, improving resiliency and reliability, eliminating the need for Public Safety Power Shutdown Programs, and significantly reducing the risk of fires and improving public safety.
|
VLD | Hot Stocks09:06 EDT Velo3D announces Mears Machine has acquired a Sapphire XC printer - Velo3D announced Mears Machine Corporation, a leader in precision machining solutions, has acquired a Sapphire XC printer to bolster its additive manufacturing capabilities. This strategic investment underscores Mears Machine's commitment to adopting advanced manufacturing technologies and follows the previous purchase of two Velo3D Sapphire XCs announced earlier this year. "As precision machine shops look to adopt advanced manufacturing technologies, like 3D printing, we are pleased to support their mission to modernize and better serve their customers," said Brad Kreger, CEO of Velo3D. "We are thrilled to partner with Mears Machine as they integrate a third Sapphire XC printer into their operations. Our technology is designed to empower manufacturers like Mears Machine to achieve new levels of productivity and innovation through additive manufacturing."
|
HLIO | Hot Stocks09:05 EDT Helios Technologies unveils SenderCAN Plus series - Helios Technologies has launched its SenderCAN Plus series, the next-generation of input/output control modules which offer enhanced communication capabilities to streamline data integration across rugged machine and equipment applications for controls and power loads. Developed by subsidiary Enovation Controls, the SenderCAN Plus solution is the next generation of SenderCAN I/O module, eliminating the need for an additional controller, boosting flexibility, reducing complexity and lowering costs.
|
HLI | Hot Stocks09:04 EDT Houlihan Lokey announces Kraft has joined as Managing Director - Houlihan Lokey announced that Kenny Kraft has joined the firm's Consumer, Food & Retail Group as a Managing Director. Based in Atlanta, Kraft will oversee the firm's coverage efforts across the retail and multi-unit sector, adding expertise in convenience stores, restaurants, and auto-related multi-unit companies.
|
DTST | Hot Stocks09:04 EDT Data Storage opens new data center in Chicago, Illinois - Data Storage Corporation announced that its subsidiary, CloudFirst, has deployed technical assets to its 7th Data Center-located in Chicago, Illinois. The strategic location of this new data center allows the Company to address the growing demand for its products and services within the region, as well as expand its geographic footprint in the United States.
|
AMX LILA | Hot Stocks13:03 EDT America Movil to acquire a controlling interest in ClaroVTR - America Movil (AMX) and Liberty Latin America (LILA) announce that, subject to obtaining the required approval from the National Economic Prosecutor's Office of the Republic of Chile, America Movil will be consolidating ClaroVTR into its ongoing operations. As previously disclosed, AMX has been providing funding to ClaroVTR through convertible notes to support the execution of its business plan and for the refinancing of certain bank debt existing at the formation of the JV and Liberty Latin America had the right to catch-up its respective portion of such funding commitments by the middle of this year for ClaroVTR to continue as a 50:50 joint venture.
|
GRMN | Hot Stocks09:03 EDT Garmin names Patrick Desbois and Brad Trenkle as co-COO - Garmin announced that Patrick Desbois and Brad Trenkle have been appointed to the newly created role of co-COO, effective July 1. Desbois will provide executive oversight for Garmin's aviation and auto OEM segments, global supply chain and operations, information technology and human resources. Trenkle will provide executive oversight for Garmin's consumer business segments, engineering innovation and support, as well as global consumer sales, marketing and creative. Both leaders will report to Cliff Pemble, Garmin Ltd.'s President and CEO, who will focus on Garmin's long-term growth strategies, business and organizational development, and the finance and legal functions of the company.
|
HUBC | Hot Stocks09:03 EDT HUB Security 'on track' to release financial reports within next few weeks - HUB Cyber Security released the following statement regarding the recent announcement published on May 23, 2024: "The Company is on track to release its annual financial reports within the next few weeks. Additionally, the Company has recently secured two deals with governmental entities, highlighting its commitment to strategic expansion and enhancing its offerings. Looking ahead, the Company anticipates significant progress in its secure data fabric vertical by the end of the next quarter."
|
REVB | Hot Stocks09:02 EDT Revelation announces Phase 1 study of Gemini met primary safety endpoint - Revelation Biosciences announced safety and biomarker data for its Phase 1 clinical study, RVL-HV02. The primary endpoint to evaluate the safety and tolerability of escalating doses of Gemini was met and a maximum tolerated dose in healthy volunteers was identified. Additionally, statistically significant dose dependent upregulation of key biomarkers demonstrating the immunostimulatory preconditioning effect of Gemini were observed. The study, which enrolled 40 healthy individuals 18 to 55 years of age, was conducted in Australia and evaluated escalating doses of intravenously administered Gemini.
|
RGF WMT | Hot Stocks13:02 EDT Real Good Food launches Seasoned Chicken Breast Chunks in 4,000 Walmart stores - The Real Good Food Company (RGF) announced the national launch of its Garlic Parmesan and Lightly Buttered Seasoned Chicken Breast Chunks into the frozen poultry section of approximately 4,000 Walmart (WMT) stores nationwide.
|
AJG | Hot Stocks09:01 EDT Arthur J. Gallagher acquires OperationsInc, LLC, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Norwalk, Connecticut-based OperationsInc, LLC. Terms of the transaction were not disclosed. OperationsInc is a consulting firm providing comprehensive solutions in human resources, payroll and human resources information system services, talent acquisition and employee training to clients of all sizes across the United States. David Lewis and his team will remain in their current location under the direction of Steve Coco, Global Human Resources & Compensation Consulting Managing Director for Gallagher's employee benefits consulting and brokerage operations.
|
ASNS | Hot Stocks09:01 EDT Actelis Networks expands with 'cyber-hardened IoT airport orders - Actelis Networks announced that it has received new orders to provide its cyber-hardened hybrid-fiber networking solution for international airports based in India, Japan, and Poland. These orders are part of its previously announced multi-year contract with SITA, a global leader in airport operations management systems. This announcement follows a number of recent achievements announced just in the past few weeks, including new orders received from three military bases, a recently announced partnership with Carahsoft to expand Actelis' footprint in US Government Agencies, and a new order and delivery to the City of Bakersfield, California..."We are very proud of the continued expansion of our cutting-edge solutions across international airport networks globally through our partnership with SITA," reflects Tuvia Barlev, Chairman and CEO of Actelis. "As the IoT industry rapidly expands and cyber threats grow, Actelis is in a unique position to help the industry quickly move forward, with both cost-effective, smart IoT implementation, as well as cybersecurity enhancement to legacy networks. Our work with SITA is a great example of Actelis' hybrid-fiber networking offering being introduced into the worldwide market, with a global operator, thus making a difference across an entire industry. With Actelis' solutions, SITA can implement its vision of operational excellence, and enhanced cybersecurity in Airports across the globe, on time and under budget."
|
CRKN | Hot Stocks09:00 EDT Crown Electrokinetics announces expansion of projects in Idaho - Crown Electrokinetics expanded its current scope of work with an existing customer in Idaho. The project encompasses horizontal directional drilling and fiber to the home. Currently the Company is utilizing two drills with the increase in scope increasing it to seven drills. The Company anticipates further expansion later in the calendar year. Crown is now not only the preferred contractor for all fiber to the home projects with this customer but has now been identified as the preferred contractor to assist in the installation of fiber optics to the school districts within the greater Boise area.
|
AKBA | Hot Stocks09:00 EDT Akebia names Erik Ostrowski as CFO, Chief Business Officer - Akebia Therapeutics announced the appointment of Erik Ostrowski as Senior Vice President, CFO and Chief Business Officer. Ostrowski is an experienced biotech executive with a diverse background spanning industry leadership roles, board service and investment banking. Ostrowski joins Akebia from Avrobio, where he served as President, Interim CEO and CFO, leading the execution of its merger with Tectonic Therapeutic.
|
SCWO | Hot Stocks08:59 EDT 374Water, Inc. announces election of board of directors - 374Water announces that its stockholders overwhelmingly voted to elect all seven of 374Water's Board of Director nominees at the 2024 Annual Meeting of Stockholders, including: Richard H. Davis: Former CEO of PowerVerde; previously served in senior investment banking roles where he focused on equity financings and mergers and acquisitions. Marc Deshusses: Co-founder of 374Water, named inventor of AirSCWO, former member of the Board of Directors, and holds eleven filed, awarded, or provisional patents. Deanna Rene Estes: Manager at 10 Branch Management LLC, a multi-strategy asset management group, with deep experience partnering with investors and entrepreneurs. Chris Gannon: President and CEO of 374Water, with extensive experience in growing and scaling industrial technology and service companies. Terry Merrell: Co-founder and Co-CEO of Merrell Bros., Inc., with deep experience in biosolids management and disposal technologies, and has designed and commercialized multiple biosolids management and disposal technologies. Buddie Joe Penn: CEO of Genesis IV and Penn Construction Group, former Acting Secretary of the Navy with a distinguished career in the US Navy and corporate leadership. James Vanderhider: President of Aspen View GP, LLC; previously served as EVP and CFO of EnerVest where he raised and deployed more than $8 billion of private equity and more than $12 billion of total institutional capital. The seven-person Board of Directors will each serve a one-year term expiring in 2025. In addition, other items of business at the 2024 Annual Meeting of Stockholders were overwhelmingly approved by stockholders. This includes an increase of 14 million shares of common stock authorized and issuable under the Company's equity incentive plan to allow the Company to attract and retain existing and new team members. A final report of stockholder voting results was filed with the U.S. Securities and Exchange Commission on June 20, 2024.
|
EDSA | Hot Stocks08:58 EDT BARDA selects Edesa Biotech drug for U.S. funded platform trial in ARDS - Edesa Biotech announced that its first-in-class drug candidate has been selected by the Biomedical Advanced Research and Development Authority, part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services, for evaluation in a U.S. government-funded clinical study. Edesa's drug paridiprubart represents a new class of HDTs that are designed to modulate the body's own immune response when confronted with known or unknown public health threats such as pandemic influenza, COVID-19, other emerging infectious diseases, and chemical, biological, radiological, and nuclear incidents. Importantly, HDTs are agnostic to the causal agent and can be stockpiled preemptively to respond to public health emergencies and biodefense. The BARDA-funded Phase 2 platform trial will be a randomized, double-blinded, placebo-controlled, multi-center U.S. clinical trial to investigate three novel threat-agnostic host-directed therapeutics, including paridiprubart, in hospitalized adult patients with ARDS. The BARDA study of paridiprubart is expected to build on the success of a Phase 2 clinical study that the company completed during the COVID-19 pandemic which demonstrated that paridiprubart reduced mortality by 84% among critically ill ARDS patients. A parallel study using an in vitro model also demonstrated that paridiprubart inhibits a key mediator of inflammatory responses from influenza and other pathogens. A separate Edesa-sponsored Phase 3 study of paridiprubart in patients with ARDS due to SARS-CoV-2 infection is currently ongoing in Canada and the U.S. The BARDA-funded study will be managed under a BARDA contract with PPD Development, LP, a clinical research business of Thermo Fisher Scientific, Inc. For the paridiprubart cohort of the study, patients will be randomized one-to-one to either paridiprubart plus Standard of Care or to a placebo plus SOC control arm. Edesa will provide drug products to the study as well as technical support
|
VERU | Hot Stocks08:56 EDT Veru announces safety, body composition data from presentations at ADA - Veru announced data from two late-breaker presentations at the American Diabetes Association's 84th Scientific Sessions, which took place on June 21-24, in Orlando, Florida. Highlights from the presentation: In a pooled analysis of 1,027 older men, postmenopausal women, and older patients with advanced cancer, enobosarm was well tolerated with an adverse event profile comparable to the control patients. Notably, there was no increase in gastrointestinal side effects with enobosarm compared to placebo treatment. 3.7% of enobosarm treated subjects versus 1.4% of placebo subjects had elevated alanine transaminase ALT levels. In enobosarm treated subjects, these elevations in ALT were transient and mild with no evidence of drug induced liver injury by Hy's Law observed. Cardiovascular adverse event rates were similar between the two groups . The incidence of deep vein thrombosis was higher in the placebo group compared to the enobosarm group...
|
PSWW | Hot Stocks08:55 EDT Principal Solar partner eTruck to deploy hybrid-converted semis by year-end - Principal Solar announced that its Royalty Agreement Partner, eTruck Transportation, expects to begin producing powertrains that turn Class 8 diesel trucks into hybrid battery-electric vehicles by the end of 2024. The powertrain systems are already available for order, and eTruck plans to start commercial production by the end of the year, eTruck company President Russell Knudsen told Transport Topics.
|
ZPTA | Hot Stocks08:54 EDT Zapata AI joins KT Consortium - Zapata Computing Holdings has joined the KT Consortium, a collaborative body connecting global industry leaders in chemical and biochemical manufacturing with the state-of-the-art technologies emerging from academia. As consortium members, Zapata AI will collaborate with some of the world's leading chemical and biochemical manufacturers - members include Henkel, Mitsubishi Chemical, Neste, Total Energy, Syngenta, Arkema among other leaders - leveraging its optimization, virtual sensor, predictive modeling, and generative AI capabilities to accelerate chemical compound development and manufacturing at scale. Collectively, KT Consortium member companies generate more than USD $100 billion in annual revenue, and produce compounds that make everyday life possible for consumers around the globe, from pharmaceuticals to crop protection, energy, and laundry detergent.
|
BFRI | Hot Stocks08:53 EDT Biofrontera Inc. announces launch of RhodoLED XL lamp - Biofrontera announced the launch of its FDA-approved RhodoLED XL, a red light emitting LED lamp. This device represents a significant advancement in the treatment of PDT with state-of-the-art engineering, robust but sleek construction and an intuitive user interface. It is designed to be simple to maneuver and able to accommodate various patient treatment positions in order to optimize ease of use. Biofrontera's PDT drug, Ameluz, is approved by the FDA in combination with either member of the RhodoLED lamp family. The introduction of the RhodoLED XL provides the option to illuminate a larger area in a single on-label Ameluz PDT treatment.
|
RIOT BITF | Hot Stocks12:52 EDT Riot Platforms nominates three directors to Bitfarms board - Riot Platforms (RIOT) announced that it has requisitioned a special meeting of Bitfarms (BITF) shareholders to reconstitute the Bitfarms Board of Directors. Riot currently owns approximately 14.9% of Bitfarms, making it Bitfarms' largest shareholder. The Special Meeting will give Bitfarms shareholders the opportunity to vote on the removal of Bitfarms Chairman and Interim CEO Nicolas Bonta and director Andres Finkielsztain, and any individual who fills the current vacancy created by the resignation of co-founder Emiliano Grodzki, who was voted off the Bitfarms Board at the Company's most recent Annual General and Special Meeting of Shareholders. Riot believes that Messrs. Bonta and Finkielsztain bear direct responsibility for the Bitfarms Board's poor corporate governance practices and consistent inability to realize Bitfarms' full potential. Riot will also seek to remove any additional director appointed by the Bitfarms Board after the date of this press release. To replace these individuals, Riot has nominated three candidates: John Delaney, Amy Freedman and Ralph Goehring-. Each of the Nominees is independent of Riot and Bitfarms and is ideally qualified to help restore shareholders' confidence in the Bitfarms Board. Together, the Nominees will bring needed independence and corporate governance credentials to the Bitfarms Board, as well as relevant experience overseeing significant corporate transactions and serving in executive management and public company director roles.
|
MTNB | Hot Stocks08:51 EDT Matinas BioPharma reports treatment of patient with mucor infection with MAT2203 - Matinas BioPharma Holdings announces the recent treatment of a 22-year-old male with polymicrobial necrotizing fasciitis that involved drug-resistant Lichtheimia, an angio-invasive species of the fungus Mucorales. This patient was treated at New York Presbyterian/Weill Cornell Medical Center and was discharged after just six weeks of treatment with MAT2203, Matinas' oral formulation of the potent antifungal amphotericin B. The patient was treated under Matinas' Compassionate/ Expanded Use Access Program by Sharan Yadav, MD, Infectious Disease Fellow. A total of 24 patients are currently receiving or have completed treatment with MAT2203 under the Compassionate/Expanded Use Access Program, and four additional cases are awaiting submission and/or FDA approval. In each instance, the patient was not responding to azole therapy, was unable to receive azole therapy due to drug/drug interactions or was unable to tolerate IV-amphotericin B for an appropriate treatment duration due to toxicity. In all patients who experienced serious renal toxicity while receiving IV-amphotericin B who were subsequently treated with MAT2203, renal toxicity was reversed, and renal function returned to baseline.
|
IRDM ADTN | Hot Stocks12:50 EDT Iridium, Adtran announces European, Asia-Pacific launch of solutions with STL - Adtran (ADTN), in partnership with Iridium Communications (IRDM) announced the European and Asia-Pacific launch of its synchronization solutions featuring Iridium Satellite Time and Location, STL, technology, a significant step in countering growing threats to Global Navigation Satellite Systems, GNSS. Adtran's OSA 5405-S PTP compact grandmaster clock with STL capabilities and its OSA 5400 STL module are now available to timing network operators in Western Europe, major countries in Eastern Europe, Turkey, and parts of Asia-Pacific, including the majority of Southeast Asia, Japan and South Korea. The solutions enhance the resilience and reliability of critical infrastructure, such as 5G networks, defense systems and many more. Leveraging low-Earth orbit satellites to deliver precise and secure positioning, navigation and timing services, the devices ensure continuous synchronization even in environments where GNSS is compromised. As a certified Iridium partner, Adtran offers the technology through two distinct purchasing options: an annual service license for optimal flexibility or bundled with equipment for long-term financial planning.
|
IMNN | Hot Stocks08:50 EDT Imunon announces database kock for Phase 2 studyof IMNN-001 in OC - IMUNON announces database lock for its Phase 2 OVATION 2 Study evaluating the safety and efficacy of IMNN-001 in patients with advanced ovarian cancer. Median Overall Survival OS and Progression Free Survival PFS have been reached and all patients in the open-label study have achieved treatment observation duration of 16 months, as required per protocol to evaluate efficacy. The independent statisticians have received the raw trial data and will follow the statistical analysis plan as they analyze the data from the trial. IMUNON expects to report topline results including hazard ratios before the end of July 2024. OVATION 2 is evaluating the dosing, safety, efficacy and biological activity of intraperitoneal administration of IMNN-001 in combination with neoadjuvant chemotherapy NACT in patients newly diagnosed with advanced epithelial ovarian, fallopian tube or primary peritoneal cancer. Treatment in the neoadjuvant period is designed to shrink the tumors as much as possible for optimal surgical removal after three cycles of chemotherapy. Following NACT, patients undergo interval debulking surgery, followed by three additional cycles of adjuvant chemotherapy to treat any residual tumor. Patients were randomized 1:1 and evaluated for safety and efficacy to compare NACT plus IMNN-001 versus standard-of-care NACT. Patients randomized to the IMNN-001 treatment arm received up to 17 doses of 100 mg/m2, in addition to NACT. Full enrollment of 110 patients was reached in September 2022.
|
SHOT | Hot Stocks08:49 EDT Safety Shot appoints boxer Ryan Garcia as brand ambassador - Safety Shot announced a partnership with professional boxer, Ryan Garcia, as a brand ambassador. Boasting nearly 12.5 million Instagram followers and holder of the World Boxing Council Interim Lightweight title in 2021, Safety Shot is pleased to kick off this partnership. After beginning his professional career at 17-years-old, Garcia holds a 25-1 victory record, 20 of those wins resulting in knockouts. Garcia's dedicated followers are integrated with all components of his career, including partnerships. Having the support and loyalty of these fans will largely bolster brand awareness and recognition for Safety Shot. For athletes like Garcia, feeling your best is key to performing your best, inside and outside of the ring, making him the ultimate partner for Safety Shot.
|
NNE | Hot Stocks08:49 EDT Nano Nuclear Energy acquires novel ALIP intellectual property - NANO Nuclear Energy announced its acquisition of novel annular linear induction pump intellectual property used in small nuclear reactor cooling and heat transfer from noted physicist, research engineer and project manager Carlos O. Maidana, PhD. of Maidana Research. Dr. Maidana has agreed to collaborate with NANO Nuclear as a consultant on further development of the ALIP technology with a view towards achieving SBIR Phase III Award status. These efforts will build on previous Department of Energy grants for the technology, aggregating over $1.37 million in prior phases. NANO Nuclear will provide funding and other resources necessary for the Phase III project, and Dr. Maidana will be the Principal Investigator on this project. The ALIP technology, which is based on electromagnetic pumps, is a key-enabling technology to NANO Nuclear's ODIN', a clean energy, portable micro nuclear reactor in development. Following the previously announced completion of Idaho National Laboratory's review of the 'ODIN' microreactor design in February 2024, NANO Nuclear engineers have diligently worked to identify relevant technologies to further optimize and simplify ODIN's design. The acquired ALIP technology, to be refined during the SBIR Phase III program, is an example of this strategy in action.
|
CDXC | Hot Stocks08:47 EDT ChromaDex announces results from phase II study of NR supplementation - ChromaDex shares results from a milestone phase II clinical study showcasing the promising effects of nicotinamide riboside, NR, supplementation for people with peripheral artery disease. This study was part of the ChromaDex External Research Program, which donated ChromaDex's patented NR ingredient, Niagen, the most efficient and high-quality NAD+ precursor, for the advancement of this research. As reported in the peer-reviewed journal Nature Communications by a team of scientists led by Dr. Mary M. McDermott, Northwestern University Feinberg School of Medicine, Chicago, results underscored the functional mobility benefits of NR such as an improvement in treadmill walking time and a statistically significant and clinically meaningful improvement in the six-minute walking distance in individuals with PAD.
|
LRE | Hot Stocks08:47 EDT Lead Real Estate announces plans for construction of 'Premium Series' hotel - Lead Real Estate announced plans to build the ENT TERRACE brand's first "Premium Series" hotel, ENT TERRACE GINZA PREMIUM, in Tokyo, Japan. The upcoming facility will have seven floors and six guest rooms, and accommodate from one night to long-term stays beginning in December 2024. Located about two minutes by walk from Higashi-Ginza Station on the Toei Asakusa Line. The current weak yen and increasing foreign interest in Japan, said LRE, are expected to continue their positive impact on the Company's expanding long-stay business.
|
ONFO | Hot Stocks08:46 EDT Onfolio completes DDS Rank acquisition - Onfolio Holdings has completed the previously disclosed transaction to acquire the majority interest in the assets of SEO Marketing Inc. doing business as "DDS Rank." The acquisition was made possible with the assistance of Onfolio's Special Purpose Vehicle "Onfolio Agency SPV LLC," which is taking a minority interest in the business. DDS Rank provides dentists with digital marketing services including search-engine optimization, paid advertising, and web design. During 2023, DDS Rank generated approximately $310,000 in revenue and $190,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization. Onfolio believes that within the next 1 or 2 fiscal quarters, it can double the revenue and EBITDA of DDS Rank through increased marketing efforts and operational improvements.
|
ANIX | Hot Stocks08:46 EDT Anixa Biosciences treats sixth patient in ovarian cancer CAR-T clinical trial - Anixa Biosciences announced that it has treated the sixth patient in the ongoing Phase 1 clinical trial of its novel chimeric antigen receptor T-cell therapy for ovarian cancer. This patient is expected to be the last patient in the second dosage cohort. If there continue to be no adverse effects experienced by the second cohort participants, enrollment of the third dosage cohort may commence within the next month. The study is being conducted through a research partnership with Moffitt Cancer Center.
|
BDRX | Hot Stocks08:45 EDT Biodexa announces eRapa data at 12 months for FAP - Biodexa Pharmaceuticals announced that 12 month results of a Phase 2 clinical trial of eRapa in Familial Adenomatous Polyposis FAP or NCT04230499, were reported in an oral presentation at the prestigious 2024 InSIGHT bi-annual meeting in Barcelona by Carol Burke, M.D., a specialist gastroenterologist at the Cleveland Clinic and a leading authority in FAP, a mostly genetic disease of precancerous polyps for which the only current remedy is surgical removal of the colon and/or rectum. The Phase 2 study was partially supported by $3M in grant funding from the Cancer Prevention and Research Institute of Texas CPRIT under product development awards DP22053 and DP190069. The Phase 3 study of eRapa in FAP is supported by a $17M grant from CPRIT. Dr. Burke is the Principal Investigator for the both the Phase 2 study and the upcoming Phase 3 registrational study. Stephen Stamp, CEO of Biodexa, said, "The promising Phase 2 results, if confirmed in a registrational Phase 3 study, may delay or potentially obviate the need for resection of the colon and/or rectum in FAP patients. The six-month, and now 12-month, data together with its apparent tolerability suggest longer term use of eRapa may be possible, with the potential to forestall resection and substantially increase the quality of life of patients with this devastating pre-cancerous condition impacting up to 40,000 patients in the U.S. and up to 60,000 in Europe."
|
ASTS | Hot Stocks08:45 EDT AST SpaceMobile welcomes Sambar to board of directors - AST SpaceMobile announced the appointment of Chris Sambar to its Board of Directors, effective June 20, succeeding Alex Coleman, Chairman at New Providence Acquisition Corp. Sambar brings a distinguished career in leadership and technology to AST SpaceMobile, further strengthening the company's expertise as it prepares for its next phase of growth.
|
JVA | Hot Stocks08:45 EDT Coffee Holding terminates merger with Delta Corp. - Coffee Holding announced that Coffee Holding has terminated the previously announced Definitive Merger and Share Exchange Agreement, originally announced on September 30, 2022 with Delta Corp. Holdings. "After almost two years of attempting to get our previously announced merger with Delta over the finish line, and as the shareholder vote from April to approve the merger proved unsuccessful, the board of directors has elected to terminate the Merger Agreement and move forward as an independent company. It is the board's belief that as an independent company, if we can execute our renewed growth strategy, we will be able to create the shareholder value that has eluded us recently," said Andrew Gordon, CEO. "We have spent the past few years cleaning up our balance sheet and paying down debt which was incurred from the combined accumulated losses created by our former subsidiary Generations Coffee LLC and the purchase and relocation of several pieces of equipment for production that were required for our new manufacturing reorganization. We are extending our credit agreement with our lender, Webster Bank, which we believe will address our ability to continue as a going concern. We have secured several new pieces of business over the past year, including production agreements with the largest retailer by market share in the Northeast and a two year agreement with one of the larger U.S. national retail chains. These agreements have helped us grow our revenue for four consecutive quarters despite the loss of approximately $8.0 million in annual revenue resulting from the closure of our Generations/Steep subsidiary. We have also shown profits in three of the past four reporting periods, with $0.02 per share loss this past quarter, which was an improvement from Q2 of Fiscal 2023, our only recent quarterly loss. This loss was primarily due to a historic surge in the London Robusta market to all time contract highs over the past months, which dramatically impacted profit margins on both our branded and private label business for which London Robusta is a key ingredient in most commercial blends. We have since initiated a series of price increases to most of our major customers which we believe will offset the increase in the price of London Robusta coffee. However, we expect these price increases to have a lagging effect and do not expect them to be fully recognized in our results until after this month and for our fiscal fourth quarter 2024. We also believe that once the London Robusta market normalizes to its historical price range, we will be well positioned to earn additional profits compared to recent results due to the increased levels of branded and private label customers acquired over the last twelve to eighteen months."
|
OSIS | Hot Stocks08:45 EDT OSI Systems receives $11M order for mobile cargo, vehicle inspection systems - OSI Systems announced that its Security division received an order valued at approximately $11M to provide multiple units of the Eagle M60 mobile high-energy cargo and vehicle inspection system, including follow-on maintenance and support. The inspection systems are expected to be used for international border and security requirements. OSI Systems' Chairman and CEO, Deepak Chopra, stated, "We are thrilled to receive this award as it highlights the trust and confidence in our advanced inspection technologies. The Eagle M60 platform offers tremendous flexibility, allowing users to swiftly relocate checkpoints to enhance security measures efficiently."
|
XELA | Hot Stocks08:44 EDT Exela Technologies announces $35M contract win - Exela Technologies announced a contract win valued at over $35 million. The short-term strategic contract in security breach remediation began in June and is expected to conclude next month. The project will be accretive to the Company's ITPS segment which had revenue of $732 million in 2023. This is an example of the Exela's ability to quickly scale capacity and deliver customer remediation solutions.
|
CELZ | Hot Stocks08:43 EDT Creative Medical Technology announces development of IPSCelz program - Creative Medical Technology Holdings has generated human induced pluripotent stem cells-derived Islet Cells that produce human insulin. The iPSC clinical line that generated these insulin producing Islet Cells is part of the Company's iPSCelz program, which is validated by Greenstone Biosciences. The iPSC clinical line, which is currently utilized in a number of our FDA cleared clinical programs in the U.S., has also been utilized to derive validated mesenchymal cells and T-regulatory cells.
|
VCIG | Hot Stocks08:42 EDT VCI Global to invest up to $30M in TalkingData Group - VCI Global has signed an agreement to invest up to S$30 million in TalkingData Group Holding Limited. TalkingData Group Holding Limited is one of Asia's largest providers of big data analytics and AI-powered solutions, serving major global brands such as Google, Yahoo, L'Oreal, PepsiCo, and Nike. TalkingData is backed by prominent investors, including China Resources Capital, Softbank's SB China Venture Capital, JD.com, VMS Asset Management, Northern Light Venture Capital, among others. This investment leads VCIG to emerge as a substantial shareholder in TalkingData as well as granting VCIG exclusive rights for TalkingData's data AI products and services in Southeast Asia, thereby enhancing its footprint in the rapidly expanding data analytics sector. TalkingData intends to leverage VCI Global's expertise in both capital markets and technology to strengthen its presence and capabilities in Southeast Asia. Last year, CR Capital led the previous funding round for TalkingData at a valuation of US$1.13 billion. This year, R.C.W. Capital Limited from Hong Kong is participating in this investment round. Looking ahead, TalkingData plans to pursue a public listing on the US market in the near future, reflecting its ambitions for continued growth and market leadership.
|
HPH | Hot Stocks08:40 EDT Highest Performances says Puyi Fund asset allocation portfolio exceeded RMB24B - Highest Performances Holdings announced that the portfolio balance of the asset allocation services of its majority-owned subsidiary Fanhua Puyi Fund Distribution has reached RMB24.7 billion as of June 21, 2024, representing a year-over-year growth of 188% from June in 2023. This achievement stems from its relentless efforts in product strategy adjustments and digital transformation. The Company introduced a comprehensive family wealth management account system, shifting its focus to fixed-income fund products and fund portfolio products to offer clients a more stable and secure wealth-building experience. It recommends investors allocate 50% to 80% of their funds to "Steady Growth" accounts, aiming for steady asset appreciation while minimizing risks. This approach aligns with the current market trend in China, where investors are more inclined to a lower risk appetite.
|
STGYF | Hot Stocks08:39 EDT Stingray Group appoints Ian Lurie to board of directors - Stingray Group announced that Mr. Ian Lurie has been appointed to the Board of Directors of the Corporation. The Corporation also announces that Mr. Frederic Lavoie has resigned from the Board, effective as at the close of business on June 21, 2024. Mr. Lavoie also served as a member of the Audit Committee of the Board. Mr. Lavoie will continue to serve as special advisor to the Board and the Corporation wishes to thank Mr. Lavoie for his service as a board member. Ian Lurie is Executive Chairman of Stingray Radio Inc. and oversees Stingray's radio operations. Prior to joining Stingray as President of Stingray Radio Inc. in late 2018, Mr. Lurie was Chief Operating Officer at Newcap Radio from 2015 until its sale to Stingray.
|
SAPIF | Hot Stocks08:38 EDT Saputo completes sale of two fresh milk processing facilities in Australia - Saputo has completed the previously announced sale of two fresh milk processing facilities located in Laverton North, Victoria, and Erskine Park, New South Wales, to Coles Group Limited, an Australian-based supermarket, retail, and consumer services chain, in a transaction valued at approximately CDN$95 million. The completion of this transaction is part of the Company's overall network optimization strategy, one of the pillars of its Global Strategic Plan. As part of the sale, Saputo is maintaining its valued farmer relationships in Australia and will continue to have fresh milk products processed at the two manufacturing facilities. The employment of approximately 48 people across the two sites was transferred to Coles Group Limited.
|
IFRX | Hot Stocks08:37 EDT Barda selects InflaRx's GOHIBIC for clinical trial to evaluate ARDS therapeutic - InflaRx announced that GOHIBIC ilobelimab has been selected by the Biomedical Advanced Research and Development Authority BARDA , part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services, as one of three investigational therapies to be assessed in a Phase 2 clinical platform study exploring potential new options for the treatment of acute respiratory distress syndrome ARDS Prof. Niels C. Riedemann, Chief Executive Officer and Founder of InflaRx, commented: "It's a tremendous privilege for InflaRx that BARDA has chosen vilobelimab for inclusion in this pioneering ARDS program. ARDS is one of the most pressing unmet needs in critical care today, with no approved therapy, and we're delighted to expand our dedication to the community with this study made possible by this non-dilutive path to trial participation. Given vilobelimab's potent inhibition of C5a and a host-directed mechanism of action, we believe it has the potential for broader applicability as a potent anti-inflammatory agent in ARDS".
|
BURU | Hot Stocks08:36 EDT Nuburu announces 1-for-40 reverse stock split - NUBURU announced that it will continue its previously announced plan to implement a 1-for-40 reverse stock split of its common stock, with an anticipated implementation date of July 1, 2024, rather than the previously announced June 24, 2024 anticipated implementation date. Due to the NYSE halting trading in the common stock upon the initial announcement of the Reverse Split, the Company was unable to implement the Reverse Split as announced. The Company is in the process of appealing the NYSE's determination to initiate proceedings to delist its common stock and is being traded on the over-the-counter market under the symbol "BURU" in the meantime. "Our decision to execute this reverse stock split is part of our strategic plan to improve the marketability and liquidity of our stock, as we aim to attract a broader range of institutional investors in support of our long-term growth strategy, and return to trading on NYSE American," said Brian Knaley, CEO of NUBURU, Inc.
|
VITFF | Hot Stocks08:36 EDT Victoria Gold to sell Clear Creek property to Sitka Gold - Victoria Gold has executed a definitive asset purchase agreement dated June 24, 2024 for the sale of its Clear Creek Property to Sitka Gold Corp. The Clear Creek Property claims adjoin Sitka's road accessible RC Gold Project, located approximately 100 kilometers east of Dawson City, Yukon and cover the southern portion of the Clear Creek Intrusive Complex. Pursuant to the Purchase Agreement, Sitka issued to Victoria an aggregate of 21,843,401 common shares in the capital of Sitka as an initial payment, representing 8% of the issued and outstanding shares of Sitka after giving effect to the issuance of the Shares. In order to complete the Transaction, Sitka is required to make the following additional payments: $2,000,000 on or before August 30, 2025; $3,000,000 on or before June 24, 2026; and $6,000,000 on or before June 24, 2027. During the term of the Purchase Agreement while the Deferred Payments are pending, Sitka will act as operator of the Clear Creek Property and have control over its work programme. Sitka may, in its sole discretion, satisfy any Deferred Payment in cash or through the issuance of such number of Shares as is equal to the amount of the applicable Deferred Payment based on the volume weighted average price of the Shares on the TSX Venture Exchange for the 20 consecutive trading days immediately prior to the due date of the applicable Deferred Payment, provided however that in the event that any such Share issuance would result in Victoria holding greater than 19.9% of the issued and outstanding Shares, Sitka must first obtain: the written consent of Victoria to receive such Shares; and approval of the shareholders of Sitka in accordance with Exchange policies. As additional consideration, upon completion of the Transaction, Sitka will grant to Victoria a 5.0% net smelter return royalty on the Clear Creek Property. Sitka shall have the right at any time following the grant of the NSR Royalty to purchase from Victoria 60% of the NSR Royalty by way of a one-time cash payment of $10,000,000. In the event that Sitka publicly delineates proven and probable mineral reserves of 2,000,000 ounces or more of gold or gold equivalent on the Clear Creek Property, then Sitka shall make an additional payment of $10,000,000 in cash to Victoria within 60 business days of such public delineation. In the event that Sitka has not made such public delineation before the fifth anniversary of the Purchase Agreement, then Victoria shall have the right to cause an evaluation by an independent qualified person to be conducted as to the extent of the mineral resources on the Clear Creek Property, and, in the event such qualified person determines the existence of measured and/or indicated resources of 2,000,000 ounces or more of gold or gold equivalent on the Clear Creek Property, then Sitka shall make the $10,000,000 cash payment to Victoria within 60 business days. In connection with the Purchase Agreement, the parties have entered into an investor rights agreement pursuant to which, among other things: at any time in which Victoria shall have beneficial ownership of at least 15% of the issued and outstanding Shares of Sitka, Victoria shall have the right to nominate one director to the board of directors of Sitka; and Victoria has been granted certain customary anti-dilution and registration rights.
|
SLN | Hot Stocks08:35 EDT Silence Therapeutics achieves $2M research milestone payment from Hansoh Pharma - Silence Therapeutics announced that it will receive a $2M cash payment from Hansoh Pharmaceutical Group Company Limited following the achievement of a second undisclosed milestone related to the first target under the collaboration. "This represents an important milestone in our efforts to advance this program into the clinic with Hansoh," said Craig Tooman, President and CEO of Silence. "This is an exciting time for Silence and our mRNAi GOLD platform as we continue to advance and expand our pipeline targeting a wide range of genetic diseases."
|
QTI | Hot Stocks08:33 EDT QT Imaging advances medical imaging research at OU Health SCC - QT Imaging Holdings is honored to partner with University of Oklahoma and OU Health Stephenson Cancer Center to advance and scale innovative research in medical imaging and to improve precision in cancer detection and treatment. University of Oklahoma, OU,is home to the National Cancer Institute designated OU Health Stephenson Cancer Center, SCC, and the National Institutes of Health Center of Biomedical Research Excellence, Oklahoma Center of Medical Imaging for Translational Cancer Research. OU's medical imaging center recently launched its multidisciplinary biomedical research involving equipment and facilities that support project investigators in their quest to improve medical imaging use in cancer detection, diagnosis, and treatment. Innovative imaging modalities like QTI's Breast Acoustic CT technology, with its quantitative imaging predictive markers, will be used to provide an objective measure or index that can reduce subjectivity and improve consistency for medical image diagnosis.
|
ODP TLS | Hot Stocks12:33 EDT ODP and Telos announce new TSA PreCheck enrollment locations - Office Depot, an operating company of The ODP Corporation (ODP)and a leading omnichannel retailer dedicated to helping its small business, home office and education customers live more productive and organized lives, and Telos Corporation (TLS), an authorized TSA PreCheck enrollment provider, today announced additional TSA PreCheck enrollment locations with the opening of five new locations at Office Depot retail stores in Georgia, Tennessee and Texas beginning on June 2 . This follows the previous addition of 20 new locations since May 2024 in states including Arizona, California, Colorado, Texas and Washington.="Aligned with our focus on providing a variety of solutions to our clients, we are excited to partner with Telos Corporation to provide TSA PreCheck enrollment services," said Kevin Moffitt, executive vice president of The ODP Corporation and president of Office Depot. "Providing the convenience and ease to enroll in the TSA PreCheck program through our nationwide retail store locations is ideal for anyone looking to simplify their air travel experience. We are excited to expand this service, along with other travel essentials, to more stores in the near future."
|
ABM | Hot Stocks08:33 EDT ABM acquires Quality Uptime Services for $119M - ABM Industries has acquired Quality Uptime Services, a prominent player in the critical power services industry for an all-cash purchase price of $119 million. Quality Uptime, headquartered in Bethel, CT, is a leading independent uninterrupted power supply system maintenance and UPS battery maintenance company providing customized preventive and emergency service programs for mission-critical data centers and other facilities nationwide. Quality Uptime and its more than 130 employees will become part of ABM's Mission Critical Solutions group within its Technical Solutions segment. Quality Uptime will initially maintain its brand identity while leveraging ABM's resources and expertise in electrification infrastructure and microgrids to enhance its services and reach new customers. With the addition of Quality Uptime, ABM's Mission Critical Solutions group will offer comprehensive and complementary critical infrastructure solutions for data centers and similar crucial facilities, including electrical testing, electrical switchgear maintenance, breaker testing, UPS service and maintenance, and battery and power distribution unit service and maintenance. These services complement ABM's existing robust offerings in microgrid design and construction services, critical cooling, technical project management, facility engineering and cleaning services, resulting in a self-performance model that is an industry leader.
|
MIRA | Hot Stocks08:33 EDT Mira Pharmaceuticals announces new results for Ketamir-2 - Mira Pharmaceuticals announced new compelling preclinical results for its investigational compound, Ketamir-2, a novel oral ketamine analog. The new data highlights Ketamir's potential to provide therapeutic benefits without inducing schizophrenia-like behavior or hyper-locomotor activity. MIRA conducted the latest rigorous preclinical studies in collaboration with Biotrial to evaluate the effects of Ketamir-2 on spontaneous locomotor activity in mice. The studies are particularly significant for the treatment of mental health disorders and pain management, presenting a major advancement in the development of safer and more effective therapeutic options. Key findings from the study: Reduced Psychotic-like Symptoms: Unlike traditional ketamine, which resulted in marked and significant hyperlocomotion, Ketamir-2 did not produce incidences of inducing hyperlocomotion, schizophrenia-like behaviors in animal models, indicating a potentially safer profile for human patients, especially those with a predisposition to psychotic disorders. No Hyper-locomotor Activity: The study showed that while traditional ketamine induced hyperlocomotion, Ketamir-2, at same and higher doses compared with traditional ketamine, did not result in the hyper-locomotor activity, reducing the potential for misuse and enhancing patient safety. MIRA is on track to submit an IND application for Ketamir-2 to the FDA by the end of this year.
|
TDOC | Hot Stocks08:31 EDT Teladoc releases data on predictive AI modeling capabilities - Teladoc Health released new data from two studies, presented at the American Diabetes Association's 84th Scientific Sessions, that illustrate the company's unmatched predictive modeling capabilities to help members with type 2 diabetes control their blood sugar through participation in Teladoc Health's diabetes management program. The new data shows a 3X increase in engagement leading to an additional 0.4 reduction in A1c for members targeted with personalized health nudges after being identified as at-risk for uncontrolled diabetes through artificial intelligence. Additionally, diabetes members that received personalized next-best actions, powered by predictive modeling, in their weekly email were 50% more likely to engage with a health coach. The Impact of Personalized Health Nudges on Clinical Outcomes: In this study, the company examined the effectiveness of personalized health nudges for improvement in self-monitoring of type 2 diabetes, particularly for those individuals that were previously identified as being at-risk for uncontrolled outcomes in the future. Data from the study conducted over nine months shows a clear connection between program engagement and improved clinical outcomes, with a 3X increase in engagement as well as an additional 0.4 reduction in A1c with members going from 8.2% to 7.8%. The results come on the heels of previous research that demonstrated Teladoc Health's ability to proactively identify a person at-risk for uncontrolled outcomes more than a year in advance using AI. The ability of AI to forecast this is crucial for the early detection and management of diabetes; it allows for more timely, personalized interventions to avoid complications, improve outcomes, and better control costs for employers and health plans. The Impact of Personalized Content on Program Engagement and Utilization: Previous research indicates the use of dedicated coaching can improve diabetes control. In this study, the company evaluated how tailored email content can be used to increase 1:1 coaching in digital programs for type 2 diabetes. These newsletters used predictive models to suggest the next best action for managing their chronic condition based on members' engagement with Teladoc Health's services. Members that received personalized next-best actions, powered by predictive modeling, in their enhanced weekly email were 50% more likely to engage in coaching services, compared to those who received the standard newsletter. Studies are conducted by Teladoc Health to evaluate the efficacy and impact of the company's programs, particularly for partners and clients. Teladoc additionally publishes clinical research through the peer review process.
|
AMRK | Hot Stocks08:29 EDT A-Mark acquires additional 8% interest in Silver Gold Bull for $9.6M - A-Mark Precious Metals has acquired an additional 8% of the outstanding equity interest in Calgary-based Silver Gold Bull for approximately $9.6 million. The investment brings A-Mark's ownership in SGB to 55.4% and continues to expand A-Mark's direct-to-consumer footprint in the international market. A-Mark acquired its initial stake in SGB in 2014, increasing its investment to 47.4% in 2022. Founded in 2009, SGB is a leading e-commerce precious metals retailer in Canada focused on providing online innovation, high-quality products, competitive pricing, and excellent customer service. Transaction Summary: A-Mark paid approximately $9.6 million for an additional 8% of the outstanding equity interest in SGB. A-Mark's previous option to increase its ownership interest in SGB has been reduced from 75% to 70%. The option, previously set to expire in September 2024, has been extended to September 2025. Employment agreements have been entered into with key SGB management, including Nikolas Morianos, Mihali Belandis and President and Co-Founder Bob Belandis. SGB financial and operational highlights for the fiscal year ended April 30, 2024, include: Net sales of $467.9 million, gross profit of $20.8 million and pre-tax income of $4.2 million. Sold more than 7.85 million ounces of silver and 151,000 ounces of gold. Added approximately 53,000 new customers, for a total of 520,000 customers as of April 30, 2024. Processed approximately 105,000 orders.
|
OPTT | Hot Stocks08:27 EDT Ocean Power selected as preferred supplier for Merrows Buoy in Middle East - Ocean Power Technologies has been selected as preferred supplier for a PowerBuoy equipped with Merrows, its Artificial Intelligence capable Maritime Domain Awareness Solution, for an immediate delivery opportunity in the Midde East. This contract, once finalized, will generate revenues in the current quarter. Due to the confidential nature of the award, details are not being disclosed. The Company had previously announced the completion of engineering for Merrows in hot climates.
|
DUO | Hot Stocks08:26 EDT Fangdd Network to acquire patents on cloud computer technology for $35M - Fangdd Network Group had entered into an agreement to purchase certain patents relating to cloud computer technology in China. The transaction is part of the Company's strategy to expand into technology-enabled real estate management as a supplement to its existing business. The purchase price for the patents is $35,000,000. Additionally, the seller is entitled to receive an earnout payment for each fiscal year ending on December 31, 2024, December 31, 2025 and December 31, 2026 at an amount equal to $15,000,000 multiplied by the ratio of the revenue generated by the patents during such year to RMB108,450,000. The total amount of the earnout payments for all three years combined shall not exceed $15,000,000. The Company will have three months to raise funds for the purchase and complete the transaction. If the transaction does not close by September 21, 2024, either party may terminate the agreement by providing written notice, without incurring liability to the other party. The purchase agreement contains representations, warranties and other provisions customary for transactions of this nature.
|
EOSE | Hot Stocks08:24 EDT Eos Energy announces investment up to $315.5M from Cerberus Capital - Eos Energy Enterprises announced a strategic investment of up to $315.5M from an affiliate of Cerberus Capital Management, to support its growth plans during a secular shift in global energy markets. The demand for safe alternatives to incumbent battery technologies is increasing and the world is facing significant energy growth along with an increased focus on higher energy independence and security. Cerberus is a global leader in alternative investing with a dedicated platform focused on supply chain integrity and national security. The companies believe that this investment should accelerate Eos' operating capabilities and industry position. The long-duration energy storage segment is forecasted to more than double by 2030, driven by increased energy demand from data centers and artificial intelligence growth combined with lower carbon energy mix targets and supportive government policies. This investment is structured to allow the Company to meet growing market demand effectively as evidenced by Eos' $13.3 billion pipeline and $602.7 million orders backlog as of March 31, 2024. This funding supports Eos' plan to scale operations and execute on its path to profitability. The capital investment will be instrumental in enabling Eos to deliver a differentiated product, a simple and safe energy storage solution with proprietary software capabilities. The investment by Cerberus is structured as a $210.5 million delayed draw term loan that is partially based upon achieving operational milestones, and a $105 million revolver that the Company may draw upon, if required, at Cerberus' discretion. In addition, Eos will utilize a portion of the proceeds to retire its existing $100 million senior secured term loan on favorable terms, strengthening the Company's balance sheet. The Company reached an agreement to extinguish this debt for $27 million, of which $20 million has been paid and the remaining $7 million will be payable over the next twelve months. Pursuant to Cerberus' strategic investment, Eos' ability to draw on a portion of the $210.5 million delayed draw term loan is contingent upon achieving certain operational milestones through April 2025 agreed between the parties, with the remaining $105 million revolver to be drawn, if required, at Cerberus' discretion. As part of the strategic investment, assuming the delayed draw term loan is fully funded and depending on the Company's ability to achieve the operational milestones, Cerberus will receive penny warrants and non-voting convertible preferred stock equivalent to 33% with the potential to reach 49%, depending on the achievement of operational milestones, of the outstanding equity of the Company, on a fully diluted basis. Initial funding of $75 million in gross proceeds was received at closing on June 21, 2024, and Cerberus was issued 43.3 million penny warrants and shares of non-voting redeemable non-convertible preferred stock with a liquidation preference equivalent to 31.9 million shares of common stock in connection with this initial funding. Subject to receipt of stockholder approval under Nasdaq listing rules, the non-voting convertible preferred stock would ultimately become convertible into common stock.
|
RXRX | Hot Stocks08:23 EDT Recursion Pharmaceuticals gives guidance on seven clinical readouts - Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, will give updated pipeline guidance to investors, analysts, and other stakeholders during Download Day, Recursion's investor and R&D day, on Monday, June 24, 2024. The event will feature a number of prominent speakers, including Jensen Huang, founder and CEO of NVIDIA, Deepak Nijhawan, M.D., Ph.D., UT Southwestern Distinguished Chair in Biomedical Science, and John Marioni, Ph.D., Senior VP and Head of Computational Sciences at Genentech. Updated pipeline guidance: Seven Clinical Trial Readouts expected within approximately 18 months: REC-994 Cerebral Cavernous Malformation-topline Phase 2 data readout in September 2024; REC-2282 Neurofibromatosis Type 2-preliminary Phase 2 data readout in the fourth quarter of 2024; REC-4881 Familial Adenomatous Polyposis-preliminary Phase 2 data readout in the first half of 2025; REC-4881 Advanced AXIN1/APC-Mutant Cancers-preliminary Phase 2 data readout in the first half of 2025; REC-3964 Clostridioides difficile Infection-Phase 2 study initiation in the fourth quarter of 2024 and preliminary data readout by the end of 2025; RBM39 Advanced HR-Proficient Cancers-IND submission in the third quarter of 2024, Phase 1/2 initiation in the fourth quarter of 2024 and Phase 1 dose-escalation data readout by the end of 2025; Target Epsilon-IND submission in early 2025 and Phase 1 healthy volunteer study data readout by the end of 2025. Dozens of internal and partner programs in early stages with the first LLM and causal model driven programs entering the Recursion pipeline. Partnership updates: Bayer will be the first beta-user of our LOWE LLM-orchestrated workflow software, which will be integrated across the collaboration and offer a more exploratory, and intuitive research environment for scientists on both sides. Additional updates pertaining to the Bayer partnership include: We initiated our first joint oncology project which is now expected to advance rapidly towards Lead Series nomination; and We are on track to complete 25 unique multi-modal data packages that we expect to deliver in the third quarter of 2024. Platform updates ADME industrialization: potential to achieve an estimated 90 times the amount of lab throughput over a manual approach. Built our first genome-scale transcriptomics knockout map. Multimodal mapping has enabled us in certain experiments to achieve 90% success on our ability to predict compounds that failed later disease-relevant assays in internal tests and 60% ability to predict compounds that passed later disease-relevant assays in internal tests. Helix partnership brings hundreds of thousands of unique de-identified patient records across diverse therapeutic areas.
|
ONMD | Hot Stocks08:20 EDT OneMedNet receives Nasdaq notice of non-compliance - As a result of BF Borgers' dismissal and the time necessary for its new independent accounting firm to review its financial statements, the Company has not yet filed its Quarterly Report on Form 10-Q for the first quarter ended March 31, 2024. On June 20, 2024, the Company received a notice from the Listing Qualifications Department of Nasdaq indicating that, due to the Company's failure to timely file its Form 10-Q with the SEC, the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC. The Notice states that the Company has 60 days, or until August 19, 2024, to submit to Nasdaq a plan to regain compliance with the Nasdaq Listing Rules. If Nasdaq accepts the Company's plan, then Nasdaq may grant the Company an exception of up to 180 calendar days from the filing's due date, or until December 11, 2024, to regain compliance. The Company continues to work diligently with its new auditor, WithumSmith+Brown, to complete and file the Form 10-Q as soon as practicable. Neither the Notice nor the Company's non-compliance with the Listing Rule has an immediate effect on the listing or trading of the Company's securities on Nasdaq, which will continue to trade on The Nasdaq Capital Market under the symbol "ONMD." This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.
|
ONMD | Hot Stocks08:20 EDT OneMedNet enters standby equity purchase agreement with Yorkville - As previously disclosed on Form 8-K filed with the SEC on June 21, 2024, the Company entered into a standby equity purchase agreement with YA II PN, LTD, a Cayman Islands exempt limited partnership managed by Yorkville Advisors Global,, on June 17, 2024. Under the terms of the SEPA, Yorkville committed to purchase up to $25.0 million of the Company's common stock over the next twenty-four-month period, subject to certain conditions and limitations. The purchase price will be at a 3.0% discount. On June 18, 2024, Yorkville advanced $1.5 million to the Company under a convertible promissory note due June 18, 2025. Generally, the Company anticipates that the note will be repaid through SEPA advances initiated by Yorkville at the note conversion price, which will be then applied to the outstanding balance. The Company's right to draw on the SEPA will begin after repayment of the Promissory Note. The Company intends to use the proceeds from the promissory note and the potential offering of the common shares pursuant to the SEPA for working capital and other general corporate purposes. The SEPA supersedes and replaces the Company's definitive securities purchase agreement with Helena Global Investment Opportunities 1 Ltd., which had provided for up to $4.54 million in funding through a private placement for the issuance of senior secured convertible notes, which was terminated on June 14, 2024.
|
ONMD | Hot Stocks08:19 EDT OneMedNet regains compliance with Nasdaq minimum closing bid price rule - As previously disclosed on Form 8-K filed with the SEC on June 14, 2024, the Company received on June 10, 2024 written notice from The Nasdaq Stock Market that the Company has regained compliance with Listing Rule 5550(a)(2), which requires its common stock to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the Company's common stock was at $1.00 per share or greater for the prior 10 consecutive business days. Accordingly, Nasdaq considers the prior bid price deficiency matter now closed.
|
ONMD | Hot Stocks08:18 EDT OneMedNet provides update on auditor change - OneMedNet Corporation provided a number of corporate updates. As previously disclosed via a Form 8-K filed by the Company with the Securities and Exchange Commission on May 10, 2024, on May 6, 2024, the Company dismissed BF Borgers CPA PC as its independent registered public accounting firm. On May 3, 2024, the SEC announced that it had settled charges against Borgers that it failed to conduct audits of a number of public companies in accordance with the standards of the Public Company Accounting Oversight Board. As part of the settlement, BF Borgers agreed to a permanent ban on appearing or practicing before the SEC. On June 3, 2024, the Company appointed WithumSmith+Brown, PC as its new independent registered public accounting firm to audit and review the Company's financial statements.
|
BOF | Hot Stocks08:16 EDT U.S. Army selects BranchOut Food products for Field Test to enhance MRE - BranchOut Food is taking the next step in its strategic collaboration with the U.S. Army Combat Capabilities Development Command DEVCOM to enhance Meals Ready-to-Eat MRE through its proprietary GentleDry technology. Following BranchOut Food's successful six-month shelf-life test and sensory panels, the U.S. Army selected Cinnamon Churro Banana Bites for a subsequent field test with live soldiers, and will likely include the company's Chili Lime Pineapple Chips pending an additional iteration. Made with GentleDry technology at low temperatures to preserve flavor and up to 95% of the original nutrition of fresh produce, both products passed the shelf life and sensory tests with excellent scores and offer calorie- and nutrient-density that are both functional and appealing for U.S. Army soldiers. If the products perform well in the field, they may be selected for addition into one or more MREs. The volume for each product selected and incorporated into one MRE will be about 1,500,000 units per year. This volume will increase if multiple items are selected and incorporated into multiple MREs.
|
CRVO | Hot Stocks08:16 EDT CervoMed announces addition to Russell 2000, Russell 3000 Indexes - CervoMed announced its expected addition to the Russell 2000 and Russell 3000 Indexes at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective when the U.S. equity markets open on Monday, July 1, 2024, according to the final preliminary list of 2024 additions posted on the FTSE Russell website on June 21st 2024.
|
RELI | Hot Stocks08:16 EDT Reliance Global announces withdrawal of registration statement - Reliance Global Group has withdrawn its previously filed registration statement with the Securities and Exchange Commission, which was originally filed to register the potential shares issuable under the Series G warrants. As previously announced, the institutional investor holding the Series B and Series G warrants elected to convert all of their warrants into a reduced number of shares issued to the investor on a Rule 144 basis.
|
SSYS | Hot Stocks08:16 EDT Stratasys, AM Craft partner to drive growth in 3D manufacturing for aviation - Stratasys and aviation manufacturing pioneer AM Craft announced that they are partnering to align the two companies' efforts to grow the demand for flight-certified 3D printed parts in the aviation industry. The companies signed a definitive commercial collaboration agreement, along with Stratasys' strategic investment in AM Craft.
|
KTOS | Hot Stocks08:15 EDT Kratos names Claire Burghoff VP, government affairs, corporate communications - Kratos Defense & Security Solutions announced the addition of Claire Burghoff to its corporate team as the Vice President of Government Affairs & Corporate Communications. In this role, Claire will lead corporate communications for Kratos and will support the company's strategic initiatives in government affairs, leveraging her extensive experience and ability to marry public relations strategies with government affairs initiatives to communicate the value of Kratos' low-cost, high-performance technology, solutions, and breakthroughs to national defense and governmental leaders. Claire joins Kratos from Cornerstone Government Affairs, where she brought a permanent public affairs and strategic communications presence to Cornerstone's Washington, D.C. office and combined communications strategies with government relations tactics on behalf of corporate, association, and nonprofit clients, including Kratos. F
|
YTRA | Hot Stocks08:15 EDT Yatra announces independent committee to evaluate potential restructuring - Yatra Online announced that its board of directors is looking to explore certain strategic options regarding simplifying the Company's multi-jurisdictional corporate structure and in that direction has established an independent committee of the board. The committee is expected to engage with industry experts, legal counsel, regulatory bodies, and other stakeholders to gather insights, perspectives, and requirements for approval on any proposed corporate structural changes. After such review, the committee will develop a set of strategic recommendations for the board that outline potential pathways, the anticipated benefits, and any associated risks or challenges. The committee will aim for a plan that can reduce administrative overhead, rationalize costs, and facilitate organic and inorganic growth for the Company. There is no assurance that the Company will necessarily take any near-term course of action, or will pursue any recommended plan.
|
CRNC VLKAY | Hot Stocks12:14 EDT Volkswagen and Cerence commence roll-out of new generative AI solutions to drive - Cerence (CRNC) announced that Volkswagen Group ( VLKAY )has deployed Cerence Chat Pro, the company's uniquely intelligent, automotive-grade ChatGPT integration, to models across Volkswagen's European lineup via cloud update, marking the first time the solution is available to drivers. Cerence and Volkswagen first announced their collaboration to launch these new, generative AI-powered enhancements to the IDA in-car assistant at CES 2024 earlier this year. Volkswagen is leveraging Cerence Chat Pro to enable its customers across Europe to engage the in-car voice assistant in fun and conversational chit-chat, leveraging a multitude of sources, including ChatGPT's large language model, to provide credible and relevant responses to nearly every query imaginable. Built specifically for the in-car experience, Cerence Chat Pro is integrated into Volkswagen's IDA voice assistant, which leverages Cerence's hybrid approach to deliver seamless interaction across both vehicle command and control features embedded in the car's headunit as well as access to cloud-based content and real-time, web-based information.
|
KNSA | Hot Stocks08:14 EDT Kiniksa, NHL Hall-of-Famer Henrik Lundqvist partner for pericarditis awareness - Kiniksa Pharmaceuticals announced a partnership with National Hockey League Hall-of-Famer, Henrik Lundqvist, to raise awareness in support of patients suffering from recurrent pericarditis. Lundqvist has faced the challenges of living with this painful and debilitating chronic autoinflammatory cardiovascular disease. The campaign will kick off in September of this year.
|
CBRE | Hot Stocks08:14 EDT CBRE announces plans to combine project management business with subsidiary - CBRE Group announced that the company plans to combine its Project Management business with Turner & Townsend, its majority-owned subsidiary that provides program management, cost consultancy and project management services globally. Upon closing the transaction, CBRE will own 70% of the combined Turner & Townsend/CBRE Project Management business, with the Turner & Townsend partners holding the remaining 30%. CBRE acquired a 60% ownership interest in Turner & Townsend in November 2021. Since then, Turner & Townsend has grown revenue at a compound rate of more than 20%. Bob Sulentic, CBRE's chair and chief executive officer, said: "Unifying our Project Management business will create an offering that is unmatched for its scale and breadth of capabilities, with more than 20,000 employees serving clients in over 60 countries. Powerful secular trends, particularly increased spending on infrastructure, green energy, and employee experience, are growth catalysts for this business and we are well positioned to capitalize on this significant opportunity."
|
CRWD | Hot Stocks08:13 EDT Crowdstrike will be added to the S&P 500 Index - CrowdStrike will be added to the S&P 500 Index, making CrowdStrike the fastest cybersecurity company to attain this achievement. CrowdStrike's inclusion in the S&P 500 reflects its track record of industry leadership and innovation, transforming cybersecurity with AI through a single platform that stops breaches. CrowdStrike brought SaaS cybersecurity to the cloud, natively built the Falcon platform with AI from the start and has consistently delivered hyper growth results since its blockbuster 2019 IPO.
|
SAM | Hot Stocks08:12 EDT TeaPot launches two new summer flavors - TeaPot announces two new expansions of its popular product lineup with the debut of Lemonade Iced Tea and CBD Lemon Black Tea. CBD Lemon Black Tea: TeaPot's first hemp-derived beverage contains 20mg of CBD and less than 0.5mg of THC. As demand for hemp-derived products grows, TeaPot meets the evolving needs of consumers with a thirst-quenching beverage that provides both great taste and a consistent cannabis experience. This 100-calorie, non-carbonated iced tea is currently available in dispensaries across Ontario and Quebec with plans for further expansion. Lemonade Iced Tea: TeaPot's Lemonade Iced Tea is a classic half-and-half recipe, combining real black tea with lemonade, expertly infused with 5mg of THC. Each 355mL can of Lemonade Iced Tea contains 130 calories and is non-carbonated. Available in dispensaries across Ontario and Quebec with further expansion planned throughout the year.
|
ZBRA WBA | Hot Stocks12:12 EDT Walgreens optimized operations with Zebra's Workcloud Software - Zebra Technologies (ZBRA) announced that the Walgreens (WBA) Boots Alliance has optimized its operations with Zebra Workcloud Actionable Intelligence software to save millions of dollars by enhancing operational compliance and the company's ability to identify and combat shrink. Walgreens selected Zebra's Modern Store framework to improve asset protection, better equip employees with technology, and optimize operational visibility in their network of 8,000 locations across 50 states. As an essential retailer carrying critical healthcare products and prescription medications, Walgreens needed an intuitive analytics solution to uncover issues and resolve areas of loss in real time.
|
DARE | Hot Stocks08:11 EDT Dare announces publication of efficacy results of topical sildenafil cream - Dare Bioscience announced the publication in Obstetrics & Gynecology, the official publication of the American College of Obstetricians and Gynecologists, of the Phase 2b study efficacy results of topical Sildenafil Cream 3.6%, which is being developed for the treatment of female sexual arousal disordes. The Phase 2b clinical study was designed as an exploratory, multi-center, double-blind, placebo-controlled study to evaluate the preliminary efficacy and safety of Sildenafil Cream, 3.6% in premenopausal patients with FSAD. Topical Sildenafil Cream improved outcomes among women with FSAD, most significantly in a subset of women both with and without concomitant decreased desire. In an exploratory post-hoc analysis of this group, topical Sildenafil Cream significantly increased sexual arousal sensation and reduced sexual distress, as well as improved desire and orgasm. Dare Bioscience previously announced an end-of-Phase 2 meeting with the U.S. Food and Drug Administration supporting advancement of Sildenafil Cream for the treatment of FSAD and has continued to interact with the FDA as the FDA reviews, specifically, the data generated on the proposed endpoints to take forward into Phase 3 development. The FDA has indicated that it aims to complete its review of the Phase 2b study data and provide comments this quarter on the proposed primary and secondary patient reported outcome endpoints for the planned Phase 3 pivotal trials of Sildenafil Cream to support potential product registration and labeling.
|
TRTL | Hot Stocks08:10 EDT One Energy select Cuffe to join One Power Board at business combination closing - One Energy Enterprises, an industrial power company pursuing a business combination transaction with TortoiseEcofin Acquisition Corp. III, announced its selection of Selena Cuffe to join the board of directors of the surviving public company after the proposed business combination, which is expected to be renamed One Power Company. Prior to consummating the Business Combination, TRTL will seek shareholder approval of the transaction, including the appointment of Cuffe and the other director nominees to the One Power Board.
|
ALHC | Hot Stocks08:09 EDT Alignment Healthcare announces improvement of NC, NV MA HMO 2024 rating - Alignment Healthcare announced that the Centers for Medicare and Medicaid Services recalculated the 2024 Star Rating of its H5296 Medicare Advantage HMO contract in North Carolina and Nevada, resulting in a 5-star out of a possible 5-star rating. Every year, CMS evaluates plans based on a 5-star rating, with 5 stars representing "excellent" performance. The improvement increases the contract's overall star rating by 0.5 star, from 4.5 to 5 stars. According to CMS, the more stars a plan receives, the better the plan.
|
SLNH NVDA | Hot Stocks12:09 EDT Soluna Holdings unleashes first batch of NVIDIA GPUs - Soluna (SLNH) announced it has successfully raised a credit facility of $12.5M at its new subsidiary Soluna Cloud, marking the completion of the first tranche in a larger fundraising effort led by BitOoda Technologies and Imperial Capital. This financing will support the launch of Soluna Cloud, and secure NVIDIA H100 (NVDA) GPUs leveraging a 3-year managed-services agreement at a Tier 3 hydro-powered data center in collaboration with the Company's Strategic OEM Partner. "This is a pivotal point for Soluna Cloud as we are now able to open our waitlist for this highly anticipated business at Soluna. AI is set to transform the enterprise, and Soluna is making a vital contribution to making it a climate-friendly reality," said John Belizaire, CEO of Soluna.
|
PBLA | Hot Stocks08:08 EDT Panbela Therapeutics says DSMB recommends continuation of ASPIRE trial - Panbela Therapeutics announced that the independent Data Safety Monitoring Board has completed its third pre-specified safety review of the ongoing Phase 3 ASPIRE clinical trial evaluating ivospemin in combination with gemcitabine and nab-Paclitaxel for the first-line treatment of metastatic pancreatic ductal adenocarcinoma. The DSMB recommended study continuation without modification, marking the third consecutive positive safety review. The safety database now includes 395 patients, compared to 214 patients on November 29, 2023. Key Takeaways: The DSMB's recommendation to proceed without modification affirms support for ivospemin's safety profile. The safety database has expanded to 395 patients, providing a robust foundation for evaluating ivospemin's safety. The lower-than-expected event rate suggests the potential for prolonged survival among ASPIRE trial participants. Rapid enrollment positions Panbela to remain on path to complete enrollment in Q1 2025, earlier than initially anticipated. Panbela also highlighted the significance of the ASPIRE trial in the context of recent advancements in mPDAC treatment, such as the Napoli 3 trial, which led to the approval of liposomal irinotecan in combination with fluorouracil, oxaliplatin, and leucovorin. Despite this approval, which was based on a median overall survival benefit of 1.9 months compared to gemcitabine and nab-paclitaxel, the prognosis for patients with mPDAC remains poor, with median overall survival still less than 12 months. The incremental benefits in median survival have been modest in the past 11 years, with the recent approval of Onivyde in the NALIRIFOX regimen demonstrating a 1.9-month survival benefit compared to the approval of gemcitabine and nab-paclitaxel, which was based on a median overall survival benefit of 1.8 months over gemcitabine alone.
|
BYRN HHS | Hot Stocks12:07 EDT Byrna Technologies names Lauri Kearnes as Chief Financial Officer - Byrna Technologies (BYRN) has appointed Lauri Kearnes as Chief Financial Officer CFO , effective July 15...Kearnes is already working with the Company to ensure a smooth transition. Kearnes brings over 20 years of experience in financial and operating leadership, most recently serving as CFO for Harte Hanks (HHS), a Massachusetts-based global customer experience strategy company. At Harte Hanks, she oversaw all finance, accounting, and human resources for a business with over $200 million in annual revenues.
|
BOWL | Hot Stocks08:06 EDT Bowlero's Summer Season Pass has exceeded $6M in sales - Bowlero announced that its Summer Season Pass exceeded $6M in sales to date, marking an all-time high in pass sales for the company with over two months worth of sales opportunity remaining. This achievement highlights the growing popularity of the Summer Season Pass and Bowlero's commitment to delivering value and entertainment to its guests. "Our Summer Season Pass was specifically designed to enhance the bowling experience for our guests," said Lev Ekster, President of Bowlero Corp. "This year's sales reflect our commitment to innovation and guest satisfaction and we are pleased to see such a positive response from the consumer this early in the season. It remains our mission to create memorable experiences for our guests, and the Summer Season Pass is a key part of that customer journey."
|
ENLV | Hot Stocks08:06 EDT Enlivex Therapeutics doses first patient in Phase I/II trial of Allocetra - Enlivex Therapeutics announced that the first patient has been dosed in an investigator-initiated, randomized, placebo-controlled Phase I/II trial evaluating the efficacy and safety of Allocetra following injection into patients with basal thumb joint osteoarthritis, for which conventional therapies have failed. This investigator-initiated Phase I/II trial plans to recruit up to 46 patients and is composed of two stages. The first stage is a safety run-in, open-label dose escalation phase to characterize the safety and tolerability of an Allocetra injection in patients with osteoarthritis of the first basal thumb joint of the target thumb to identify the dose for the randomized stage. The second stage is a double-blind, randomized, placebo-controlled stage, which the Company expects to initiate following the completion of the safety run-in stage and selection of the safe and tolerable dose. Up to 40 patients will be randomized in a 1:1 ratio for treatment with either Allocetra at the selected dose or placebo. The primary safety endpoint will measure the frequency and severity of adverse events and serious adverse events, and the efficacy endpoints will include assessments of change from baseline in pain and function for up to 12 months following treatment.
|
FDMT | Hot Stocks08:05 EDT FDA clears 4D Molecular's IND Application for 4D-175 for GA treatment - 4D Molecular Therapeutics announced U.S. Food and Drug Administration or FDA, clearance of the Investigational New Drug Application or IND, for 4D-175, an R100 vector-based intravitreal genetic medicine, for the treatment of patients with GA.The Phase 1 GAZE clinical trial will assess 4D-175 in patients with GA secondary to AMD. The study design consists of an open-label, sequential cohort Dose Exploration stage, in which patients will receive a single intravitreal injection of 4D-175 at one of three dose levels. Clinical trial objectives include safety and tolerability, definition of the Phase 2 trial dose level , transgene expression and biological activity. The IND clearance enables the initiation of GAZE clinical study sites, and 4DMT expects to begin enrollment in H2 2024. "GA is a leading cause of irreversible vision loss for over 5 million people globally and while current bolus complement inhibitor treatments reduce the rate of growth in GA lesions, they require burdensome monthly or bimonthly intravitreal injections and do not demonstrate functional vision benefit," said David Kirn, M.D., Co-founder and Chief Executive Officer of 4DMT. "4D-175 has the potential for durable clinical benefit with a single intravitreal injection, greatly reducing the current treatment burden for patients, which may lead to better long-term vision outcomes. In Phase 1, we aim to explore safety and transgene expression levels to select doses for Phase 2. We look forward to beginning enrollment in the Phase 1 GAZE clinical trial in the second half of 2024."
|
SEVN | Hot Stocks08:05 EDT Seven Hills Realty Trust announces it will be added to Russell 3000 Index - Seven Hills Realty Trust announced that it will be added to the broad-market Russell 3000 Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective after market close of the U.S. equity markets on Friday, June 28, 2024, according to a preliminary list of additions posted by FTSE Russell on June 21, 2024.
|
ILPT | Hot Stocks08:05 EDT Industrial Logistics Property Trust announces it will be added to Russell 3000 - Industrial Logistics Properties Trust announced that it will be added to the broad-market Russell 3000 Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective after the close of the U.S. equity markets on Friday, June 28, 2024, according to the preliminary list of additions posted by FTSE Russell on June 21, 2024.
|
EOLS | Hot Stocks08:04 EDT Evolus announces submission of PMA to U.S. FDA for two Evolysse products - Evolus announced that it has submitted the final module of its premarket approval, PMA, application to the U.S. Food and Drug Administration, FDA, for the Evolysse Lift and Evolysse Smooth dermal filler products for the nasolabial fold, NLF. The PMA application includes results from the U.S. pivotal study, which evaluated the safety and effectiveness of the products in a multicenter, blinded, split face, controlled, non-inferiority designed trial. Patients were followed for 12 months from initial treatment. A total of 140 patients were enrolled and divided evenly across two investigational arms. Patients were randomized to receive Evolysse Lift or Evolysse Smooth in one NLF and Restylane-L in the contralateral NLF. This split face design allowed each individual patient to experience one of the Evolysse fillers and the control at the same time.
|
MDAI | Hot Stocks08:04 EDT Spectral AI supports naked short selling inquiry - Spectral AI has provided support to Nasdaq and the state securities authorities in Florida, Louisiana and Texas to bring to their attention potential market manipulation of the Company's common stock, primarily in the form of naked short selling. This inquiry is being led by Erich Spangenberg, a member of the Board of Directors and the Company's largest shareholder. Naked short selling is a practice in which shares are sold without first being borrowed or ensuring that they can be borrowed. This creates an artificial selling pressure and allows traders to artificially drive down prices at the expense of retail investors. The practice is generally illegal pursuant to Securities and Exchange Commission Regulation SHO. "As detailed in the Company's SEC filing today, a simple examination of our shareholder lists we obtained from reliable authorities clearly shows that our public float has been artificially increased by over 40% as a result of what I believe is illegal naked shorting," said Mr. Spangenberg. "We recognize and appreciate Nasdaq's commitment to ensuring market transparency and integrity, and its mission to protect the interests of investors. It is in this spirit that we look forward to collaborating with all relevant authorities to address instances of potentially illegal naked short selling in our stock, strengthen compliance, and protect our investors."
|
PETS | Hot Stocks08:03 EDT PetMed Express appoints Leah Solivan to board of directors - PetMed Express announced the appointment of Leah Solivan to the Company's Board of Directors, effective June 24, 2024. Solivan brings over 20 years of experience building and scaling technology businesses to the Company's Board. As a General Partner at Fuel Capital, she focuses on early-stage investments across a variety of sectors, including consumer technology, hardware, education, marketplaces, and retail.
|
WMT | Hot Stocks08:02 EDT Walmart expands free HIV screenings to 18 pharmacies in Colorado, Virginia - Walmart announced the expansion of its HIV Point-of-Care Screenings to 18 Specialty Pharmacies of the Community - located within Walmart Pharmacies - in Colorado and Virginia, just ahead of National HIV Testing Day on June 27. These screenings are part of Walmart's continued effort to make healthcare more accessible, affordable and convenient, following the HIV screening pilot at two Walmart pharmacies in Virginia last year. Screenings at all 20 locations are free to patients as part of a continued pilot expansion that runs through Sept. 27.
|
TAOP | Hot Stocks08:01 EDT Taoping receives Nasdaq notice of non-compliance - Taoping announced that on June 21, 2024, it received a written notification letter from The Nasdaq Stock Market notifying the company that it is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.
|
EIFZF | Hot Stocks08:01 EDT Exchange Income announces acquisition of Armand Duhamel & Fils - Exchange Income Corporation announced it has acquired Armand Duhamel & Fils, a privately owned Quebec-based company, for $19 million, which can increase up to $22 million if certain post-closing targets are achieved. The purchase price was funded by the issuance of $3 million of EIC common shares to the vendors and cash in the amount of $16 million from the Corporation's credit facility.
|
VSTO | Hot Stocks08:00 EDT CSG increases purchase price for The Kinetic Group to $2B - Vista Outdoor announced that, on June 23, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group, CSG. The amended agreement further increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business by $40 million from $1.96 billion to $2 billion and increases the cash consideration payable to Vista Outdoor stockholders by $2.00 per share of Vista Outdoor common stock from $16.00 to $18.00 in cash, a 12.5% increase. Based on the amended merger agreement with CSG, Vista Outdoor stockholders will receive at the closing of the CSG Transaction, per share of Vista Outdoor common stock, one share of Revelyst common stock and $18.00 in cash. Vista Outdoor is confident that the CSG Transaction will maximize value for our stockholders by: Providing for a $2 billion purchase price, representing a $90 million increase from the original $1.91 billion purchase price, Allowing stockholders to benefit directly from additional excess cash generated by the Company prior to closing, Delivering $18.00 in cash consideration per share at closing, representing a $5.10 increase from the original cash consideration of $12.90 per share, and Enabling stockholders to capture the long-term intrinsic value that is embedded in Revelyst's business plan as a standalone public company
|
VSTO | Hot Stocks07:59 EDT Vista Outdoor increases purchase price for The Kinetic Group to $2B - Vista Outdoor announced that, on June 23, 2024, it entered into an amendment to the merger agreement with Czechoslovak Group a.s. The amended agreement further increases the base purchase price payable by CSG for the acquisition of The Kinetic Group business by $40 million from $1.96 billion to $2 billion and increases the cash consideration payable to Vista Outdoor stockholders by $2.00 per share of Vista Outdoor common stock from $16.00 to $18.00 in cash, a 12.5% increase. Based on the amended merger agreement with CSG, Vista Outdoor stockholders will receive at the closing of the CSG Transaction, per share of Vista Outdoor common stock, one share of Revelyst common stock and $18.00 in cash. Vista Outdoor is confident that the CSG Transaction will maximize value for our stockholders by: Providing for a $2 billion purchase price, representing a $90 million increase from the original $1.91 billion purchase price, Allowing stockholders to benefit directly from additional excess cash generated by the Company prior to closing, Delivering $18.00 in cash consideration per share at closing, representing a $5.10 increase from the original cash consideration of $12.90 per share, and Enabling stockholders to capture the long-term intrinsic value that is embedded in Revelyst's business plan as a standalone public company.
|
BIIB | Hot Stocks07:58 EDT Biogen announces Tofidence biosimilar approved in European Union - Biogen announced that the European Commission has granted approval for TOFIDENCE, a biosimilar monoclonal antibody referencing ROACTEMRA. The intravenous formulation of TOFIDENCE has been granted marketing authorization by the EC for the treatment of moderate to severe active rheumatoid arthritis, polyarticular juvenile idiopathic arthritis, systemic juvenile idiopathic arthritis and COVID-19. "The approval of TOFIDENCE offers European patients with several inflammatory and immune-mediated inflammatory diseases access to an additional affordable biologic treatment option with comparable safety and efficacy to the approved reference product. By adding TOFIDENCE to our growing biosimilars portfolio, we can provide greater choice to physicians and patients whilst offering the potential for significant cost-savings across healthcare systems in Europe," said Ian Henshaw, Global Head of Biosimilars at Biogen.
|
DCGO | Hot Stocks07:58 EDT DocGo secures five new contracts - DocGo announced it has secured five new contracts that include remote patient monitoring, virtual care management, chronic care management, cardiac implantable electronic device, and a care gap closure program for a national health plan. These noteworthy examples of new DocGo contracts expand the Company's reach and ability to deliver quality virtual, in-person, and mobile healthcare services.
|
ELA | Hot Stocks07:41 EDT Envela's Four Nines opens flagship store in Phoenix - Four Nines opened its latest store in Phoenix, Arizona. "As we continue to expand our retail presence, our team remains laser focused on delivering exceptional experiences and value for our customers. Our store experience is defined by our team of experts and exceptional services, distinguishing us from others in the industry. We are excited to announce the opening of our largest store in Arizona, which will provide an expanded range of products and services for both buyers and sellers," stated Allison DeStefano, Head of Envela's Consumer Division.
|
INDO | Hot Stocks07:39 EDT Indonesia Energy commences 3D seismic operations at Kruh Block - Indonesia Energy Corporation provided an operational update and announced that new 3D seismic exploratory operations at its 63,000 acre Kruh Block have commenced. Importantly, IEC anticipates that the results of this seismic work will allow IEC to drill new production wells at Kruh Block the by the end of 2024. Additionally, IEC announced that key environmental permits have been granted at IEC's 650,000 acre Citarum Block where reserves could potentially exceed a billion barrels of oil equivalent. IEC's receipt of these permits represents an important milestone for IEC as the permits will allow for meaningful exploratory work by IEC at Citarum for the first time. As the operator of the Kruh block, IEC's 3-D seismic program will cover the Kruh, North Kruh and West Kruh Fields. This 29 square km high-quality seismic program is strategically focused on existing proved reservoirs of the Talangakar and Lemat formations, as well as the very large and promising shallow oil/gas zones in the K-28 well discovered by IEC's work in 2022. The new, high quality three-dimensional seismic data will enable the identification of additional locations of proved undeveloped reserves and resources. This in turn will pave the way to prioritize the sequence of upcoming drilling locations as IEC recommences drilling operations at Kruh Block. Preparations for the new drilling operation are underway, with plans to drill the first well in the fourth quarter of 2024 after the evaluation of the new three-dimensional seismic data is completed. IEC announced in September 2023 that its joint operation contract with Pertamina, the Indonesian state-owned oil and gas company, covering the Kruh Block was extended by 5 years from May 2030 to September 2035. Kruh Block covers approximately 63,000 acres and is located onshore on the Island of South Sumatra in Indonesia. The amended joint operation contract has the following key terms: The amended contract increases IEC's after-tax profit split from the current 15% to 35%, for an increase of more than 100%. In addition, given the 5-year extended term of the contract, the amended contract is expected to increase IEC's proved reserves at Kruh Block by over 40%. Furthermore, given the increased profit split, IEC's anticipated net cash flow calculations based on its Kruh Block development plan are expected to increase by over 200% versus IEC's anticipations under the prior contract. At Citarum Block, IEC's receipt of government environmental permits to commence seismic operations which are planned for late this year or early next year, with plans to also commence drilling next year. As required by government regulations, IEC relinquished approximately 35% of its original Citarum acreage but has retained approximately 97% of the original prospective resources and now has approximately 650,000 acres on which drilling could take place. As previously reported, IEC's estimates are that the Citarum Block has prospective oil-equivalent resources of over one billion barrels of oil.
|
FSV | Hot Stocks07:38 EDT FirstService Residential acquires CitiScape Property Managment Group - FirstService Residential has acquired San Francisco-based CitiScape Property Management Group. CitiScape's existing executive team will continue to lead day-to-day operations. Terms of the transaction were not disclosed. Founded in 1999, CitiScape is a leading full-service community association management firm in the San Francisco metropolitan market, providing a range of property management and project management services to high-rise condominium and homeowner association clients. The acquisition solidifies FirstService Residential's market leadership in the Bay Area of Northern California.
|
KURA | Hot Stocks07:38 EDT Kura Oncology data supports potential for menin inhibitor in diabetes treatment - Kura Oncology reported preclinical data supporting the potential therapeutic utility of menin inhibitors in the treatment of diabetes. The new findings were presented this weekend at the American Diabetes Association's 84th Scientific Sessions in Orlando. Copies of the presentation are available in the Posters and Presentations section on Kura's website. "Despite the introduction of multiple options for the treatment of type 2 diabetes, a significant unmet need exists as a large proportion of patients do not achieve glycemic control," said Francis Burrows, Ph.D., Senior Vice President, Translational Research. "We are encouraged by these preclinical data for ziftomenib in diabetes, which demonstrate the potential for menin inhibitors to enhance pancreatic function and warrant further evaluation in diabetes."
|
CKPT | Hot Stocks07:37 EDT Checkpoint announces FDA alignment enabling cosibelimab BLA resubmission - Checkpoint Therapeutics reached alignment with the Food and Drug Administration on its biologics license application resubmission strategy for cosibelimab. Accordingly, Checkpoint plans to move forward with a mid-year BLA resubmission seeking the U.S. marketing approval for cosibelimab as a potential new treatment for patients with metastatic or locally advanced cutaneous squamous cell carcinoma who are not candidates for curative surgery or curative radiation. In December 2023, the FDA issued a CRL for the cosibelimab BLA, which only cited findings that arose during a multi-sponsor inspection of Checkpoint's third-party contract manufacturing organization as approvability issues to address in a BLA resubmission. The CRL did not state any concerns about the clinical data package, safety, or labeling for the approvability of cosibelimab.
|
GECC | Hot Stocks07:35 EDT Great Elm Capital raises $12M of equity at net asset value - Great Elm Capital Corp. announced it issued approximately 1.0 million shares of the Company's common stock at a current net asset value of $12.03 per share, for an aggregate gross purchase price of $12 million, to Prosper Peak Holdings. Great Elm Group, the parent of the Company's investment manager, made a $3 million investment in PPH, further aligning it with shareholders.
|
DYN | Hot Stocks07:35 EDT Dyne announces new Pompe disease data showing potential of FORCE platform - Dyne Therapeutics, announced new preclinical data in a Pompe disease model demonstrating the potential of the FORCE platform to deliver enzyme replacement therapy to cardiac and skeletal muscle and the central nervous system or CNS. The data were presented at the New Directions in Biology and Disease of Skeletal Muscle Conference, being held June 23-26 in Fort Lauderdale, FL. "These preclinical data show for the first time the ability of FORCE to deliver enzymes to skeletal and cardiac muscle as well as the CNS, expanding the modularity of our platform beyond oligonucleotides. The data support the potential of FORCE to enable effective enzyme replacement therapy with the opportunity to substantially improve upon available treatments for Pompe disease," Oxana Beskrovnaya, Ph.D., chief scientific officer of Dyne. "We look forward to continuing to explore this application of our platform as part of our mission to deliver life-transforming therapies for people with serious muscle diseases." Pompe disease is a rare, severe neuromuscular disorder caused by deficiency of the lysosomal enzyme, acid alpha glucosidase or GAA. Lack of GAA leads to glycogen accumulation and increase in lysosomal size in muscle and subsequent weakness, cardiomyopathy and respiratory failure. Enzyme replacement therapy with GAA is the standard of care and increases survival but has inadequate efficacy in skeletal muscle. Pompe is also characterized by CNS manifestations, including behavioral and cognitive deficits due to glycogen accumulation in CNS cells, which are not addressed by the standard of care therapy.
|
VKTX | Hot Stocks07:35 EDT Viking Therapeutics presents data on amylin and calcitonin receptors - Viking Therapeutics announced the presentation of preclinical data from a series of internally developed dual agonists of the amylin and calcitonin receptors at the 84th Scientific Sessions of the American Diabetes Association. The presentation highlights the effects of treatment on body weight, food intake and metabolic profile in healthy rats and diet-induced obese mice as compared to control cohorts treated with vehicle or the dual amylin and calcitonin receptor agonist cagrilintide. The studies were summarized in a poster presentation at the annual scientific conference of the American Diabetes Association, being held June 21-24, 2024, in Orlando, Florida. The study results demonstrate that Viking's series of dual amylin and calcitonin receptor agonists reduced food intake in lean rats in the period from 0-72 hours following a single subcutaneous dosing. At 72 hours following a single subcutaneous dose, Viking's novel compounds resulted in up to 8% body weight reductions compared to vehicle-treated animals. In a DIO mouse model, treatment with Viking's series of co-agonists for 24 days resulted in body weight reductions that were comparable to those achieved in cagrilintide-treated animals. Additionally, improvements in key metabolic markers, including blood glucose levels, were observed in DIO mice treated with the company's compounds for the 24-day time period.
|
ARWR | Hot Stocks07:32 EDT Arrowhead presents preclinical data on new ARO-INHBE - Arrowhead Pharmaceuticals announced that preclinical data on ARO-INHBE, an investigational RNAi-based medicine for the treatment of obesity and metabolic diseases, were presented at the American Diabetes Association, ADA, 84th Scientific Sessions, which were held June 21-24, in Orlando, FL, and virtually. The preclinical results demonstrate that ARO-INHBE substantially silenced hepatic expression of the INHBE gene, which has been identified through large genetic studies as a promising target for next generation therapies to address obesity and metabolic diseases. Further, Arrowhead's preclinical research suggests that INHBE knockdown may potentially lead to a suppression in body weight gain, loss of fat mass, and preservation of lean mass. Arrowhead plans to file for regulatory clearance in late 2024 to begin clinical studies of ARO-INHBE.
|
AEM | Hot Stocks07:31 EDT Agnico Eagle acquires 33,821,842 shares of Maple Gold Mines - Agnico Eagle Mines announced that it acquired 33,821,842 common shares of Maple Gold Mines on June 21, 2024 at a price of 8.5c per Common Share for total consideration of approximately $2,874,856.57 from several sellers that acquired the Common Shares in connection with an offering of flow-through Common Shares issued by Maple. Prior to the Share Purchase, Agnico Eagle owned 40,852,415 Common Shares, representing approximately 11.97% of the issued and outstanding Common Shares on a non-diluted basis. Following the Share Purchase, Agnico Eagle owns 74,674,257 Common Shares, representing approximately 19.9% of the issued and outstanding Common Shares on a non-diluted basis.
|
SPRU | Hot Stocks07:31 EDT Spruce Power Holding appoints McBane as new Director - Spruce Power Holding announced that it has appointed Clara Nagy McBane to serve as a new member of its Board of Directors effective immediately. As a result, the Board has increased to seven members.
|
AMPS | Hot Stocks07:31 EDT Altus Power acquires 8.5 MW project in New Jersey - Altus Power announced the acquisition of an 8.5 MW solar array in New Jersey. The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as Solar Renewable Energy Credits, and increases the size of the company's New Jersey portfolio to 185.5 MW in aggregate. "New Jersey is a national leader in renewable energy and we're pleased to expand our footprint in the Garden State," said Gregg Felton, CEO, Altus Power. "This acquisition includes 63 acres of land which enhances our flexibility to redevelop this site in the future and maximize long-term value."
|
BWMN | Hot Stocks07:30 EDT Bowman Consulting selected to provide imagery services to State of Oregon - Bowman Consulting Group has been contracted by the State of Oregon to deliver 30 cm high-resolution natural color and false color infrared orthorectified digital imagery for the entire state. "This win is the direct result of our recent Surdex acquisition and reflects the synergies that the expanded capabilities of our now combined companies offer," said Gary Bowman, chairman and chief executive officer at Bowman. "We are appreciative of this award and look forward to supporting the State of Oregon in this initiative. We are confident that Bowman's extensive geospatial expertise and advanced high-altitude digital orthoimagery technologies will benefit agencies and governments not just across Oregon but in many other states as well."
|
OMGA | Hot Stocks07:24 EDT Omega Therapeutics announces election of Richard Kender to its board - Omega Therapeutics announced the election of Richard N. Kender to its Board of Directors following its annual meeting of stockholders. Mr. Kender's industry knowledge and proven expertise in corporate finance and business development spanning both large pharmaceutical and emerging biotech companies will be instrumental in supporting the Company's business objectives.
|
MMA | Hot Stocks07:21 EDT Alta Global partners with former UFC fighter Gilbert Melendez - Alta Global Group announced a new partnership with Gilbert Melendez, two-time Strikeforce Champion, former UFC Fighter and MMA Sports Commentator for ESPN. Melendez, a prominent figure in the world of mixed martial arts, brings a wealth of experience and a storied career to the Alta family. From Santa Ana, California, Melendez has been a leading name in MMA for years. Known by his moniker "El Nino", a nickname given by a Japanese broadcaster for his storm-like fighting style, Melendez has made a significant impact on the sport. Currently, Melendez is the head coach at El Nino Training Center in San Francisco, California, a long-standing partner of Alta. His dedication to training and mentoring the next generation of fighters aligns perfectly with Alta's mission to make the sport more accessible to fans across the globe.
|
ARAAF | Hot Stocks07:19 EDT Aclara Resources says Penco Module EIA application admitted for evaluation - Aclara Resources announced that, after a five-business day review period, it has received confirmation of the admissibility of its Environmental Impact Assessment application by the Environmental Service Assessment in Concepcion, Chile. This confirmation marks the first step in the application process. In addition, on June 22, 2024, an extract of the EIA was published by SEA in the Official Gazette. This publication initiates the citizenship participation process, which lasts 60 business days. In parallel, the initial technical review process for the first round of observations is underway and is expected to last approximately 30 business days. Subject to SEA's confirmation that there are no further requirements of material information, the technical assessment will advance to the next phase of the process. The Company anticipates that the EIA will undergo an evaluation period of approximately 18 months and is committed to working with the SEA throughout the assessment and review process.
|
SACH | Hot Stocks07:14 EDT Sachem Capital announces repayment, delisting of unsubordinated notes from NYSE - Sachem Capital announced that the company intends to delist its 7.125% unsecured, unsubordinated Notes due June 30, 2024, ticker symbol "SCCB", from the NYSE American and to deregister the Notes under the Exchange Act of 1934, as amended. The company will redeem the Notes at par value plus accrued and unpaid interest up to, but not including, the maturity date. Sachem expects the last trading day for the Notes will be June 28, 2024. Sachem does not intend to arrange for listing and/or registration of the Notes on another national securities exchange or for quotation on another quotation medium.
|
TFFP | Hot Stocks07:14 EDT TFF Pharmaceuticals submits briefing book to the FDA for TFF TAC development - TFF Pharmaceuticals announced a regulatory update on the Company's TFF TAC clinical program following its recent interaction with the U.S. Food and Drug Administration , FDA.In April 2024, the Company submitted a briefing book to the FDA to help guide the next steps in the clinical development pathway for TFF TAC. Following its review of the briefing book, the FDA concurred that mitigation or prevention of tacrolimus associated toxicities without placing the lung allograft at risk will be an important therapeutic benefit and provided constructive feedback and valuable guidance on the roadmap for advancement of TFF TAC. Based on this feedback, the Company does not expect a significant change to either its timelines or the estimated costs associated with the clinical advancement of TFF TAC. "The initial feedback from the FDA on the TFF TAC clinical program has provided us with additional clarity on how we can continue advancing this innovative product towards registrational testing," said Dr. Zamaneh Mikhak, Chief Medical Officer of TFF Pharmaceuticals. "Over the next several weeks, we expect to receive additional guidance from the FDA, which should allow us to provide a more detailed regulatory update on the program in the third quarter of 2024."
|
SVAUF | Hot Stocks07:13 EDT StorageVault Canada to acquire two locations for $59.5M - STORAGEVAULT CANADA has agreed to acquire two locations from two arm's length vendor groups for an aggregate purchase price of $59,500,000, subject to customary adjustments. One of the locations is being purchased under a 50/50 joint venture. StorageVault owns a self storage property that is nearby to the joint venture property and provides StorageVault the opportunity to expand its self storage business in that location. The aggregate purchase price is expected to be paid with funds on hand, issuance of 640,000 StorageVault common shares valued at $4,000,000 to one of the Vendors and a vendor takeback mortgage from one of the Vendors. The Acquisitions are expected to close by the end of June. Under the terms of the Joint Venture, the joint venture partner and StorageVault will each fund 50% of the purchase price of the Joint Venture location, which includes related expenditures. The Acquisitions are subject to customary closing conditions for both StorageVault and the Vendors. One of the assets are located in the GTA and one in Surrey, BC. The Acquisitions will result in StorageVault owning 218 stores and owning and managing 249 stores across Canada. Further to its November 6, 2023, December 8, 2023 and December 28, 2023 news releases, StorageVault has completed the acquisition of a Barrie, ON located asset for $15,500,000, subject to customary adjustments. The purchase price was paid with funds on hand. This transaction completes all of the transactions announced on November 6, 2023 news release. Further to its December 28, 2023 news release, due to not being able to satisfy itself with due diligence conditions, StorageVault has terminated the acquisition of the two storage locations in Ontario for $20,000,000. With the above two updates, the $35,500,000 of transactions outstanding from 2023 have been accounted for.
|
DPZ DAN | Hot Stocks11:12 EDT Domino's Pizza names Maureen Pittenger as Chief Human Resources Officer - Domino's Pizza is (DPZ) pleased to announce the appointment of Maureen Pittenger as executive vice president - chief human resources officer, effective July 8. Pittenger will report to Domino's CEO Russell Weiner. In her new role, Pittenger will lead all aspects of Domino's human resources strategies and functions. Pittenger joins Domino's with more than 20 years of experience in human resources. She previously served as senior vice president and chief human resources officer at Dana (DAN), a position she held since 2022.
|
AYASF | Hot Stocks07:12 EDT Aya Gold & Silver reports final drawdown on Zgounder Mine loan - Aya Gold & Silver has completed its fourth and final drawdown under the previously announced US$100 million project financing facility for the expansion of the Zgounder Silver Mine in the Kingdom of Morocco. The Facility is jointly provided by the European Bank for Reconstruction and Development and by the Climate Investment Funds through its Clean Technology Fund. The fourth drawdown is in the amount of $15 million and brings the total drawn to date equal to the total of the available Facility at $100 million. The final drawdown followed an April technical site visit by the lenders and their technical advisor. Proceeds of this drawdown will be used to further advance the Zgounder Mine expansion project.
|
AXGN | Hot Stocks07:11 EDT AxoGen announces full launch of Avive+ Soft Tissue Matrix - Axogen announces the launch of its newest product, Avive+ Soft Tissue Matrix . Avive+ is intended for use as a soft tissue barrier and is a resorbable, multi-layer amniotic membrane allograft that provides temporary protection and tissue separation during the critical phase of peripheral nerve healing. Avive+ is processed and distributed in accordance with U.S. Food and Drug Administration FDA requirements for Human Cellular and Tissue-based Products or HCT/P, under 21 CFR Part 1271 regulations, U.S. State regulations as a 361 human tissue product. "Product innovation is integral to our mission at Axogen," stated Karen Zaderej, Chairman, CEO, and President. "With the introduction of Avive+ Soft Tissue Matrix, we are excited to enhance our comprehensive solutions for nerve protection and address a significant need for patients with compression or non-transected nerve injuries."
|
RGNX | Hot Stocks07:10 EDT Regenxbio expands Phase I/II AFFINITY DUCHENNE trial - Regenxbio announced it initiated enrollment in a new cohort of patients ages 1-3 in its Phase I/II AFFINITY DUCHENNE trial to evaluate the safety and efficacy of RGX-202 in boys with Duchenne muscular dystrophy. RGX-202 is an investigational one-time AAV Therapeutic targeted to deliver a novel microdystrophin, representing the next wave of innovative design in Duchenne gene therapy. RGX-202 is the only gene therapy approved or in development for Duchenne that incorporates the C-Terminal domain, making the RGX-202 transgene the closest to the naturally occurring dystrophin gene. With this announcement, REGENXBIO is enrolling ambulatory boys with Duchenne aged 1 to 11 in the AFFINITY DUCHENNE trial. The new cohort is expected to enroll up to five patients aged 1-3 to receive RGX-202 at the pivotal dose level (2x1014 genome copies.
|
TRIB | Hot Stocks07:10 EDT Trinity Biotech to begin European pre-pivotal trial for CGM sensor - Trinity Biotech announced steps to advance its next generation continuous glucose monitoring solution towards market launch. Since acquiring the CGM technology earlier in the year, Trinity Biotech has been working on further innovations and improvements to the original device. The Company has now received regulatory approval to conduct its initial European pre-pivotal trial that will inform the larger pivotal trial that will be required for product registration and launch. This pre-pivotal trial will begin imminently and is expected to be completed by the end of July. The study will assess the analytical performance of CGM technology enhancements implemented by Trinity Biotech. The data from this analytical performance assessment will be utilised to advance the technical optimization of the next generation CGM device ahead of the pivotal trial that is planned in 2025.
|
BFLY | Hot Stocks07:10 EDT HeartFocus joins Butterfly Network's Butterfly Garden - HeartFocus announced it has joined Butterfly Garden, an artificial intelligence Marketplace launched by Butterfly Network, digital health company transforming care with portable, semiconductor-based ultrasound technology and intuitive software. Under the agreement, HeartFocus plans to integrate, and with subsequent agreements, release its patented, AI-powered software with Butterfly's single-probe, whole-body handheld ultrasound system, subject to applicable approvals and authorizations.
|
ONCY | Hot Stocks07:09 EDT Oncolytics CEO Matt Coffey, PhD to take a medical leave of absence - Oncolytics Biotech announced that Matt Coffey, PhD, President and CEO of Oncolytics will take a medical leave of absence, effective immediately. Wayne Pisano, Chair of Oncolytics' Board of Directors, will serve as the interim CEO during Dr. Coffey's absence. Wayne Pisano, Chair of the Board since 2013, has more than 30 years of experience as a pharmaceutical industry executive and over 12 years of experience in the biotech industry. Mr. Pisano served as the president of VaxInnate, a privately held biotech company, and has served as a Board Director of several biotech companies, including Provention Bio and Altimmune.
|
ALNY | Hot Stocks07:09 EDT Alnylam reports results from its HELIOS-B Phase 3 study of vutrisiran - Alnylam Pharmaceuticals announced positive topline results from its HELIOS-B Phase 3 study of vutrisiran, an investigational RNAi therapeutic in development for the treatment of ATTR amyloidosis with cardiomyopathy, ATTR-CM. The study met the primary endpoint, demonstrating a statistically significant reduction in the composite of all-cause mortality and recurrent cardiovascular events during the double-blind period in both the overall population and in the monotherapy population. The study also demonstrated statistically significant improvements across all secondary endpoints in both the overall and monotherapy populations. This includes key measures of disease progression: 6-minute walk test, Kansas City Cardiomyopathy Questionnaire and New York Heart Association Class at Month 30. Importantly, treatment with vutrisiran also reduced all-cause mortality in the overall population and in the monotherapy population up to Month 42. This was a pre-specified, intent-to-treat analysis that included up to six months of data from the open-label extension.
|
ASH | Hot Stocks07:08 EDT Ashland appoints Omar Irani as VP, strategy, M&A, portfolio management - Ashland announce that Omar Irani will join the company as vice president strategy, mergers and acquisitions, and portfolio management, effective July 22, 2024. Irani will report to Guillermo Novo, chair and CEO. Previously he held leadership positions with the SI Group, National Refrigerants, Honeywell and ILC Dover in the rubber additives, life sciences and industrial chemicals markets.
|
CANF | Hot Stocks07:07 EDT Can-Fite BioPharma announces findings on Namodenoson - Can-Fite BioPharma announces that company scientists came up with breakthrough findings showing that the anti-cancer and protective effects in the liver are conferred via the signalling protein adiponectin. This very important positive cytokine plays a pivotal role in regulating anti-inflammatory, anti-cancer, metabolic and insulin resistance. Namodenoson increases adiponectin production in pre-clinical studies and in humans. "We are very much enthused by the breakthrough findings that explain the dual mechanism of Namodenoson working as an anti-cancer agent in the liver and also inducing a liver protective effect," stated Dr. Pnina Fishman, Can-Fite CSO & Chairperson.
|
HRMY | Hot Stocks07:07 EDT Harmony Biosciences says FDA approves sNDA for WAKIX tablets - Harmony Biosciences announced that the U.S. FDA has approved its supplemental New Drug Application for WAKIX tablets for the treatment of excessive daytime sleepiness in pediatric patients 6 years of age and older with narcolepsy. The FDA separated the submission into two sNDAs for administrative purposes to issue an approval for the treatment of EDS and a complete response for the treatment of cataplexy in pediatric patients with narcolepsy.
|
ACET | Hot Stocks07:07 EDT Adicet Bio announces FDA clearance of IND application for ADI-270 - Adicet Bio announced that the U.S. Food and Drug Administration, FDA, has cleared the Company's Investigational New Drug, IND, application to evaluate ADI-270, an armored allogeneic "off-the-shelf" gamma delta chimeric antigen receptor T cell therapy candidate targeting CD70+ cancers, for the treatment of relapsed/refractory renal cell carcinoma, RCC. The Company plans to initiate a Phase 1 clinical trial to assess the safety and anti-tumor activity of ADI-270 in RCC patients in the second half of 2024.
|
RANI | Hot Stocks07:06 EDT Rani Therapeutics, ProGen partner on development of oral obesity treatment - Rani Therapeutics Holdings has entered into a definitive agreement with ProGen for the co-development and commercialization of RT-114, an oral RaniPill capsule containing ProGen's PG-102, a GLP-1/GLP-2 dual agonist, for the treatment of obesity. Under the terms of the collaboration agreement, Rani and ProGen agree to share responsibilities for the development and commercialization of RT-114 worldwide, including a 50/50 cost and revenue share arrangement. Rani has exclusive rights to lead development and commercialization of RT-114 in the United States, Europe, Canada and Australia, and ProGen has exclusive rights to lead development and commercialization in the rest of the world. Each party has certain rights to sublicense in its territories. Rani is designated to lead operationally in conducting preclinical and development activities through the Phase 1 program, which is expected to initiate in 2025. As part of this agreement, there is no upfront payment or financial exchange between the companies. Rani has developed the RaniPill capsule, which is a novel, proprietary and patented platform technology, intended to replace subcutaneous injection or intravenous infusion of biologics and drugs with oral dosing. Rani has tested 15 molecules in the RaniPill platform. The RaniPill platform has delivered antibodies, peptides and large proteins with high bioavailability. To date, Rani has completed three Phase 1 clinical studies with the RaniPill capsule. Additionally, ProGen's preclinical studies demonstrated that treatment with PG-102 resulted in greater glycemic control while inducing a similar degree of body weight loss versus semaglutide and tirzepatide. ProGen recently presented results from its Phase 1 single-ascending dose study of PG-102, a GLP-1/GLP-2 dual agonist, at the 2024 American Diabetes Association conference in which PG-102 showed a favorable safety profile with lower frequencies of gastrointestinal side effects compared to competitors' trials in similar settings. Additionally, the PK/pharmacodynamic data from this trial and preclinical studies support potential dosing of RT-114 on a weekly to monthly schedule, which could improve patient compliance.
|
OFIX | Hot Stocks07:06 EDT Orthofix named Finegan as Chair of the Board of Directors - Orthofix Medical announced the appointment of Michael Finegan as Chair of the Board of Directors. Finegan was appointed to the Orthofix Board in December 2023.
|
CTSO | Hot Stocks07:06 EDT CytoSorbents announces regulatory approval of CytoSorb in Taiwan - CytoSorbents announces the regulatory approval of CytoSorb in Taiwan by the Taiwan Food and Drug Administration or TFDA The approved indications include the extracorporeal removal of cytokines bilirubi , and myoglobi from a patient's circulating blood. The removal of the antithrombotic drugs Brilinta or ticagrelor, AstraZeneca, and Xarelto during cardiothoracic surgery is also approved, with the goal of reducing perioperative bleeding. CytoSorb will be distributed throughout Taiwan by Hemoscien Corporation. Ms. Bettina Sabisch, Vice President of International Distributor Sales at CytoSorbents stated, "We are thrilled to announce this milestone which underscores the value and efficacy of our CytoSorb therapy and was achieved after navigating a long and complex approval process. We look forward to collaborating with Hemoscien and leveraging their long-standing customer relationships in Taiwan to bring this innovative therapy to patients in need."
|
ENB | Hot Stocks07:06 EDT Enbridge, Six Nations to advance wind energy project in Saskatchewan - Enbridge and Six Nations Energy Development - a newly-created consortium of Cowessess First Nation, George Gordon First Nation, Kahkewistahaw First Nation, Metis Nation-Saskatchewan, Pasqua First Nation and White Bear First Nations - announced plans to advance development of a new wind energy project southeast of Weyburn, Saskatchewan. The Seven Stars Energy Project is expected to produce 200 megawatts of emissions-free power - enough to support the annual energy needs of more than 100,000 Saskatchewan homes. It will be developed, constructed and operated by a wholly-owned indirect subsidiary of Enbridge. Financial participation of the partners will be supported, in part, by loan guarantees of up to $100M from the Saskatchewan Indigenous Investment Finance Corporation. The First Nation and Metis partners have an opportunity to acquire equity ownership of at least 30% in the Project. The Project is targeted to be operational in 2027, subject to finalizing commercial agreements, securing the necessary environmental and regulatory approvals, and meeting investment criteria. Enbridge is working toward securing a long-term power purchase agreement with SaskPower to support final investment decisions, anticipated in 2025.
|
GOEV | Hot Stocks07:04 EDT Canoo receives discounted manufacturing assets at Oklahoma facilities - Canoo has received the first of two tranches of new or like-new advanced manufacturing assets, formerly owned by Arrival Automotive UK Limited, at its Foreign Trade Zone designated facility in Oklahoma City, OK. The received assets will bolster in-house processes and enable higher cabin line production volumes in 2025. Canoo received 44 containers with 226 lots of advanced manufacturing assets including state-of-the-art robots along with a suite of comprehensive production infrastructure. These assets will streamline Canoo's production processes, leading to reduced lead times, enhanced production scalability, lower capital expenditures, and eventually lowering unit costs. The Oklahoma City Facility manufactures Canoo's electric cargo vehicles - LDV130 and LDV190.
|
SRRK | Hot Stocks07:04 EDT Scholar Rock announces new SRK-439 preclinical data - Scholar Rock announced that the first participants were dosed in the Phase 2 EMBRAZE proof-of-concept trial, designed to assess the safety and efficacy of apitegromab, an investigational, highly selective myostatin inhibitor, to preserve lean muscle mass in individuals living with obesity and on background therapy of a GLP-1 receptor agonist, GLP-1 RA. The trial will also evaluate the effects of apitegromab on the durability of weight loss upon withdrawal of GLP-1 RA therapy. The results from this trial will inform the development of SRK-439, a novel investigational selective myostatin inhibitor optimized for the treatment of cardiometabolic disorders, including obesity.
|
RGLS | Hot Stocks07:03 EDT Regulus announces 'positive' data from clinical trial of RGLS8429 - Regulus Therapeutics announced positive topline results from the third cohort of patients in its Phase 1b MAD study of RGLS8429 for the treatment of ADPKD. In the third cohort, 16 subjects were randomized 3:1 to receive either 3 mg/kg of RGLS8429 or placebo every other week for three months. RGLS8429 was well tolerated with no safety concerns. Continued evidence of a mechanistic dose response was observed following completion of 3 mg/kg dose level based on urinary PC1 and PC2. 3 mg/kg demonstrated more consistent increases in PC1 and PC2 across patients compared to earlier cohorts Percent change from baseline in PC1 and PC2 demonstrated a dose response across all doses tested, with statistical significance seen at 3 mg/kg compared to placebo. Exploratory MRI imaging analysis suggested RGLS8429 reduced htTKV at 3 mg/kg after 3 months of dosing 70% of subjects demonstrated reductions in htTKV following completion of 3 mg/kg dose level. "We are pleased to see the consistent mechanistic response and reduction in htTKV at the 3mg/kg dose level of RGLS8429 along with an appropriate safety and tolerability profile," said Preston Klassen, M.D., President and Head of Research & Development. "These data support our ongoing and final 300 mg fixed dose cohort in this Phase 1b trial. We believe the data from this study will form the basis for a potentially pivotal Phase 2/3 study of RGLS8429 under an Accelerated Approval regulatory pathway to be discussed with the FDA." "Building on the positive results from our first two cohorts, these cohort 3 data, particularly the reduction in htTKV seen in the majority of patients, further strengthen our conviction in RGLS8429's ability to potentially address the underlying, genetic cause of ADPKD," said Jay Hagan, CEO of Regulus Therapeutics. "We anticipate requesting an End-of-Phase 1 meeting with the FDA in the fourth quarter of this year and look forward to providing a data update from the open-label fourth and final cohort of the Phase 1b MAD study by year-end."
|
CSTL | Hot Stocks07:03 EDT Castle Biosciences announces latest AGA guideline on NDBE - Castle Biosciences announced that the latest American Gastroenterological Association, AGA, clinical practice guideline recognized that not all patients with non-dysplastic BE, NDBE, are at low risk of developing esophageal cancer. The guideline acknowledges the role that tissue-based biomarkers, including the tissue systems pathology test, can play in identifying high-risk NDBE patients who may benefit from endoscopic eradication therapy (EET) to prevent disease progression. In the recently published AGA guideline, the expert panel of authors acknowledge the role that tissue-based biomarkers can play in stratifying the large pool of patients with NDBE to help identity those at high risk of progression for consideration of treatment with EET at an early, precancerous stage.
|
PGNY | Hot Stocks07:03 EDT Progyny announces enhanced global services with acquisition of Apryl - Progyny announced an expansion of its global offering with the acquisition of Apryl, a Berlin-based fertility benefits platform founded in 2019. This acquisition enhances Progyny's guided, concierge support that enables employees around the world to navigate the complexities of fertility and family building care. Progyny's global benefits solution supports multinational employers and their employee populations in over 100 countries. Progyny's services allow employers the flexibility to offer fertility and family building benefits that comply with the intricacies of country-specific laws and regulations as it relates to fertility and family building services, treatments, and benefit design. "Employers recognize the importance of providing fertility and family building benefits and want to be able to streamline these efforts to ensure their employees have equitable benefits and consistent high-touch experiences, regardless of where they live," said Pete Anevski, CEO of Progyny. "We're excited to broaden our support on a global scale."
|
EFTR | Hot Stocks07:03 EDT eFFECTOR to wind down operations, expects to be delisted from Nasdaq - eFFECTOR Therapeutics announced that the Company has terminated its employees and will wind down it operations, including seeking potential strategic alternatives for the Company's development programs. This decision was made at a special meeting of the board of directors. Further, as previously disclosed, the Company's securities do not presently meet the continued listing requirements of the Nasdaq Stock Market and its securities would be subject to delisting if the Company fails to regain compliance during the required compliance period. The Company plans to voluntarily request a delisting of its securities and expects its securities to be delisted in the near term. The board of directors appointed Craig R. Jalbert, age 62, as the Company's CEO, President, Treasurer and Secretary, and sole member of the board. Mr. Jalbert has served as a principal of the Foxborough, Massachusetts accounting firm of Verdolino & Lowey, P.C. since 1987.
|
GM | Hot Stocks07:02 EDT GM Financial Bank withdraws application for deposit insurance - General Motors Financial, the finance subsidiary of General Motors, has announced the withdrawal of GM Financial Bank's Interagency Charter and Federal Deposit Insurance Application from further processing by the Federal Deposit Insurance Corporation, FDIC. The application was submitted in late 2020 to both the FDIC and Utah Department of Financial Institution, UDFI. Throughout this more than three-year process, GM Financial Bank has worked constructively and transparently to promptly address all regulatory requests and has developed a strong charter application that satisfies the statutory criteria for approval in the Federal Deposit Insurance Act. The business model is also already in effect for several existing FDIC-insured industrial banks, including other auto manufacturers, but currently excludes American auto manufacturers. On June 14, 2024, the UDFI approved GM Financial Bank's application, appropriately underscoring the strength of the application and the conclusion that General Motors has the financial resources needed to operate an industrial bank in a safe and sound manner and in full compliance with applicable laws and regulations.
|
GM | Hot Stocks07:02 EDT GM Financial Bank withdraws application for deposit insurance - General Motors Financial, the finance subsidiary of General Motors, has announced the withdrawal of GM Financial Bank's Interagency Charter and Federal Deposit Insurance Application from further processing by the Federal Deposit Insurance Corporation, FDIC. The application was submitted in late 2020 to both the FDIC and Utah Department of Financial Institution, UDFI. Throughout this more than three-year process, GM Financial Bank has worked constructively and transparently to promptly address all regulatory requests and has developed a strong charter application that satisfies the statutory criteria for approval in the Federal Deposit Insurance Act. The business model is also already in effect for several existing FDIC-insured industrial banks, including other auto manufacturers, but currently excludes American auto manufacturers. On June 14, 2024, the UDFI approved GM Financial Bank's application, appropriately underscoring the strength of the application and the conclusion that General Motors has the financial resources needed to operate an industrial bank in a safe and sound manner and in full compliance with applicable laws and regulations.
|
TGSNF | Hot Stocks07:02 EDT OTC Markets Group welcomes TGS to OTCQX - OTC Markets Group announced TGS ASA, a company that provides energy data and intelligence to companies and investors across energy markets, has qualified to trade on the OTCQX Best Market. TGS ASA upgraded to OTCQX from the Pink market.
|
ALTR HPQ | Hot Stocks11:01 EDT Altair Engineering signs material agreement with HP Inc. - Altair (ALTR) has signed an agreement with HP Inc. (HPQ) in which HP will provide Altair with proprietary material information that will bolster the Altair Material Data Center, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools. The collaboration will help break down traditional barriers to 3D printing adoption and ultimately help customers better design parts for Multi Jet Fusion and Metal Jet printers.
|
ASXC | Hot Stocks06:57 EDT Asensus Surgical: St. Marianna University to lease Senhance Surgical System - Asensus Surgical announced that St. Marianna University School of Medicine Yokohama City Seibu Hospital in Japan has entered into an agreement to lease and utilize a Senhance Surgical System in the Urology and Gastroenterology/General Surgery department.
|
ANIP ALIM | Hot Stocks10:55 EDT ANI Pharmaceuticals sees 'substantial accretion' from Alimera Sciences deal - ANI expects high single-digit to low double-digit accretion in adjusted non-GAAP EPS in 2025 and substantial accretion thereafter. The transaction is anticipated to deliver additional $35M-$38M in 2025 adjusted non-GAAP EBITDA inclusive of approximately $10M in identified cost synergies with additional EBITDA contribution expected from accelerated growth of Cortrophin Gel within ophthalmology. The company anticipates 3.2x pro-forma leverage upon closing and significant organic de-levering in 2025.
|
COVTY | Hot Stocks06:54 EDT Covestro enters 'concrete negotiations' with Adnoc on potential transaction - Covestro stated: "Based on the open-ended talks held so far with Abu Dhabi National Oil Company, or 'Adnoc,' the Board of Management of Covestro AG after consultation with the Supervisory Board has today decided to enter into concrete negotiations with Adnoc regarding a potential transaction and the potential conclusion of an investment agreement as well as to allow for an adequate exchange of company information to confirm assumptions, or confirmatory due diligence. In the view of the Board of Management, the discussions so far have shown that Covestro and Adnoc can generally reach a common understanding regarding core aspects of a possible transaction including support for Covestro's further growth strategy. Starting point for the negotiations is a possible offer price of EUR 62 per Covestro share that Adnoc has indicated to Covestro, which is subject, among other things, to the results of the confirmatory due diligence and agreement on the content of an investment agreement." Reference Link
|
ANIP ALIM | Hot Stocks10:53 EDT ANI Pharmaceuticals to acquire Alimera Sciences for $381M upfront - ANI Pharmaceuticals (ANIP) and Alimera Sciences (ALIM) announced they have signed a definitive agreement pursuant to which ANI will acquire Alimera for $5.50 per share in cash at closing and one non-tradable contingent value right representing the right to receive up to $0.50 per share upon the achievement of certain net revenue targets in 2026 and 2027. The transaction, which values Alimera at approximately $381M in up front consideration, has been approved by both the ANI and Alimera Boards of Directors and is expected to close late in the third quarter of 2024.
|
IGT | Hot Stocks06:48 EDT International Game announces release of Whitney Houston Slots game - International Game Technology has released the highly anticipated Whitney Houston Slots game, giving players across the U.S. an exciting new entertainment opportunity at their favorite casinos. The dazzling game is bringing the "Voice of a Generation" to a growing list of casinos, delivering an immersive experience that is sure to captivate Whitney Houston fans and slot enthusiasts alike.
|
JILL | Hot Stocks06:48 EDT J.Jill executes voluntary debt principal payment - J.Jill announced that it has executed a voluntary debt principal payment using net proceeds to the company of $31M from its primary equity offering completed on June 14, 2024. The debt principal repaid on June 21, 2024 was $27.2M, which reduced the amount outstanding under the company's term loan to approximately $81M. In addition to the principal, accrued interest and a 3% voluntary premium were paid resulting in a total payment of $28.8M.
|
MGM | Hot Stocks06:48 EDT MGM Resorts unit to acquire Tipico's U.S. sportsbook - MGM Resorts International announced that its subsidiary, LeoVegas Group, has entered into an agreement to acquire the product and technology platform constituting the U.S sportsbook and online casino from Tipico Group Ltd. This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023. The acquisition will allow LeoVegas to operate a purpose-built proprietary sportsbook across all international markets and brands, with the exception of those exclusive to the BetMGM JV, with a focus on a clean, fast consumer experience with top-class product, pricing and functionality. Tipico will wind down its U.S. operations prior to the closing of the acquisition. As part of the transaction, LeoVegas will acquire certain of Tipico's U.S. facing management, technology and trading teams across the U.S., Colombia and Europe. The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2024.
|
CNIKF | Hot Stocks06:47 EDT Canada Nickel announces $15M loan facility with Auramet - Canada Nickel Company announces that the Company has arranged a $15M loan facility with Auramet, which is expected to close on or before July 9, 2024. Mark Selby, CEO, said, "I am pleased that our long supportive financing partner, Auramet, has agreed to provide a $15M bridge facility, which will allow us to remain well-funded to continue to advance our permitting, engineering, and financing activities. Discussions with offtake and project partners for Crawford are ongoing and expected to be completed before year end as we continue to target a mid-year 2025 construction decision for Crawford upon receipt of permits." The loan will be due January 9, 2025, will carry an interest rate of 1.00% per month, and be subject to a 2.5% arrangement fee. At closing, Auramet will also receive 750,000 1 year warrants with a strike price of $1.42. The loan will be subject to such terms and conditions including certain specified positive and negative covenants that are customary for a transaction of this nature. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The proceeds will be used for working capital purposes. The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.
|
BNTX | Hot Stocks06:46 EDT BioNTech, DualityBio receive FDA Fast Track designation for BNT324/DB-1311 - BioNTech and Duality Biologics announced that the U.S. FDA granted Fast Track designation for BNT324/DB-1311 for the treatment of patients with advanced/unresectable, or metastatic castration-resistant prostate cancer who have progressed on or after standard systemic regimens. BNT324/DB-1311 is a next-generation antibody-drug conjugate candidate targeting the transmembrane glycoprotein B7-H3, an immune checkpoint protein which is overexpressed in a range of tumor types and has been associated with disease progression and poor prognosis for patients. The candidate is currently being evaluated in an ongoing Phase 1/2 study in patients with advanced solid tumors.
|
ARES | Hot Stocks06:45 EDT Ares Management invests in Unrivaled Sports' action sports division - Unrivaled Sports has made a strategic investment in SNOBAHN, the nation's indoor action sports center with two locations in Colorado. Additionally, the company announced a strategic investment in its action sports division by Ares Management funds. Ares' investment enhances a team that includes snowboarding legend Shaun White, The Chernin Group, and Unrivaled Sports co-founders Josh Harris and David Blitzer. Unrivaled Sports is committed to expanding SNOBAHN into new markets, making action and snow sports more accessible to a wider audience in the years ahead. Founded in 2016, SNOBAHN's facilities are the most efficient, effective, and affordable way to learn or advance skills in skiing, snowboarding, skateboarding, and BMX. SNOBAHN eliminates the geographical barriers traditionally associated with learning snow sports through features like revolving slopes and trampoline freestyle areas. Bode Miller, an Olympic and World Championship gold medalist in alpine skiing, is an existing partner of SNOBAHN. Miller was part of the grand opening ceremonies that took place at SNOBAHN's newest location in Thornton, Colo., in March 2024.
|
GTHX | Hot Stocks06:34 EDT G1 Therapeutics backs FY24 COSELA net revenue view $60M-$70M - G1 reaffirmed its full year 2024 COSELA net revenue guidance and updated its cash runway guidance. G1's guidance is based on current expectations for continued sales growth of COSELA in the U.S. and achievement of its forecasts. The company expects to generate between $60M-$70M in COSELA net revenue in 2024. Additionally, G1 plans to wind down the Phase 3 PRESERVE 2 trial, discontinue the anticipated hiring of staff and investment for a 1L TNBC indication and make targeted headcount reductions outside of the existing commercial organization to streamline the company. These efforts are expected to provide sufficient cash runway to achieve anticipated company profitability in the second half of 2025.
|
GTHX | Hot Stocks06:32 EDT G1 Therapeutics provides update on Phase 3 PRESERVE 2 trial of trilaciclib - G1 Therapeutics announced topline results from the final OS analysis of its Phase 3 PRESERVE 2 trial evaluating the efficacy and safety of trilaciclib administered prior to chemotherapy in patients with metastatic TNBC. The study did not demonstrate a statistically significant treatment effect in the ITT population with a hazard ratio of 0.91. The median OS in the trilaciclib plus GCb arm was 17.4 months compared to 17.8 months in the control arm. Median OS numerically favored the trilaciclib arm in both PD-L1 subgroups (positive and negative), though neither achieved statistical significance. Varying effects were observed across regions and patients who received different types of subsequent therapies; these findings will be evaluated further. The safety profile of trilaciclib with GCb observed in the trial was consistent with prior studies, and no new safety signals were identified. Consistent with other trilaciclib studies, evidence of myeloprotection was observed, including a reduction in the occurrence of severe neutropenia, which occurred in 8% of patients who received trilaciclib compared to 29% of patients in the control arm. The company will submit the results of this trial to a future medical conference. "The unexpected results from PRESERVE 2 underscore the challenge of developing new therapies for triple negative breast cancer," said Jack Bailey, CEO of G1 Therapeutics. "We are disappointed that this trial did not deliver the benefit that we anticipated to people living with TNBC. We are also grateful to the patients who participated in this trial, their families, and their healthcare teams including the clinicians and their staff." Bailey continued, "We will now further our focus on both accelerating and expanding the growth of the ES-SCLC business to achieve anticipated company profitability in the second half of 2025 and evaluating other myeloprotection uses for trilaciclib. We are also pursuing ex-US partners to expand the use of COSELA globally."
|
NXE | Hot Stocks06:32 EDT NexGen advances through completeness check for environmental assessment process - NexGen Energy announced that on June 21, 2024 the Canadian Nuclear Safety Commission concluded their 30-day completeness check of NexGen's May 21, 2024 submission of responses to the remaining 49 technical review comments and revised Federal Environmental Impact Statement (for NexGen's 100% owned Rook I Project. The technical review by the CNSC has now commenced through the Federal-Indigenous Review Team, and upon confirmation that all technical review comments have been resolved after its prescribed 60-day review, the CNSC will then be able to deem the EIS final. When the EIS is deemed final, the CNSC will establish the Federal Commission Hearing date.
|
GSK | Hot Stocks06:25 EDT GSK announces Omjjara approved in Japan for myelofibrosis - GSK plc announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, has approved Omjjara for the treatment of myelofibrosis. Omjjara is a once-a-day, oral JAK1/JAK2 and activin A receptor type 1 inhibitor. The approval is based on data from the pivotal phase III MOMENTUM and SIMPLIFY-1 trials. "This is the fourth major regulatory approval for GSK's momelotinib in the treatment of myelofibrosis, following approval under the brand name Ojjaara from the US Food and Drug Administration and authorisations under the brand name Omjjara from the European Commission and the Medicines and Healthcare products Regulatory Agency in the UK," the company stated. Nina Mojas, Senior Vice President, Oncology Global Product Strategy, GSK, said: "Myelofibrosis has a heavy disease burden, with symptomatic patients experiencing spleen enlargement, fatigue, night sweats and bone pain, along with anaemia which can lead to treatment discontinuation and dependence on regular blood transfusions. With the approval of Omjjara, myelofibrosis patients in Japan will have a new treatment option for this complex blood cancer."
|
GSK | Hot Stocks06:21 EDT GSK reports EMA accepts Jemperli plus chemo application for review - GSK plc announced the European Medicines Agency has accepted its application to expand the use of Jemperli in combination with standard-of-care chemotherapy to all adult patients with primary advanced or recurrent endometrial cancer. The EMA's Committee for Medicinal Products for Human Use will begin the formal review process to make a recommendation to the European Commission, with approval expected in the first half of 2025. Currently, in the EU, Jemperli in combination with carboplatin and paclitaxel is approved for the treatment of adult patients who are candidates for systemic therapy with primary advanced or recurrent endometrial cancer that is mismatch repair deficient, or dMMR, or microsatellite instability-high (MSI-H). If this new application is approved, dostarlimab would be expanded to all patients with primary advanced or recurrent endometrial cancer, regardless of their biomarker type, including those with mismatch repair proficient/microsatellite stable tumours where currently there are no approved frontline immuno-therapy-based treatments in the EU.
|
UPLD | Hot Stocks06:18 EDT RamSoft, Upland announce 40M faxes sent via PowerServer, InterFAX solution - RamSoft in partnership with Upland Software announces the milestone transmission of the 40 millionth fax through the integration of RamSoft PowerServer and Upland InterFAX. InterFAX, Upland's cloud-based fax and digital workflow solution known for its robust security features including PHIPA and HIPAA compliance, complements PowerServer's secure HIPAA-compliant architecture built upon the Microsoft Azure cloud platform.
|
AJG | Hot Stocks06:14 EDT Arthur J. Gallagher acquires ICSR, terms not disclosed - Arthur J. Gallagher & Co. announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources Limited. Terms of the transaction were not disclosed.
|
ORCL | Hot Stocks06:11 EDT Oracle announces general availability of Oracle Clinical Digital Assistant - Oracle announced general availability of the Oracle Clinical Digital Assistant for ambulatory clinics in the US. The mobile offering combines generative AI, clinical intelligence, multimodal voice and screen driven assistance, and simplified workflows into a single, unified solution that enables providers to give their full attention to the needs of their patients. Integrated with the Oracle Health Electronic Health Record, the solution transforms the doctor-patient experience by combining clinical automation, conversation-based note generation, and proposed clinical follow ups directly at the point of care.
|
LODE | Hot Stocks06:10 EDT Comstock Mining unit receives CUP from Lyon County, Nevada - Comstock announced that its subsidiary, Comstock Metals, received unanimous approval for a conditional use permit from the Lyon County, Nevada, Board of County Commissioners, for the operations and material storage of solar panels at the company's first planned industrial-scale facility in Silver Springs, Nevada. This permit marks an earlier than expected achievement for deploying the first industry-scale solar panel recycling facility in the region.
|
SON CCK | Hot Stocks10:10 EDT KPS Capital to sell Eviosys to Sonoco for EUR 3.615B - KPS Capital Partners has entered into an agreement for its portfolio company, Eviosys, to be sold to Sonoco Products (SON), for EUR 3.615B or approximately $3.9B. Sonoco has the option, under certain circumstances, to pay up to $200M of the purchase consideration in the form of Sonoco stock. The transaction is expected to close by the end of 2024, and is subject to completion of required works council consultations and the receipt of required regulatory approvals and other customary closing conditions. Eviosys is a global supplier of metal packaging, producing food cans and ends, aerosol cans, metal closures and promotional packaging to preserve the products of hundreds of consumer brands. Eviosys has the largest metal food can manufacturing footprint in the EMEA region, with over 6,300 employees in 44 manufacturing facilities across 17 countries in Europe, the Middle East and Africa. Eviosys is a global leader in sustainability, with a product portfolio comprised entirely of infinitely recyclable metal packaging and industry-leading performance across a broad spectrum of sustainability metrics. KPS created Eviosys to acquire Crown Holdings' (CCK) EMEA Food and Consumer Packaging Business in August 2021 in a global corporate carve-out transaction. Crown retained a 20% ownership interest in Eviosys. KPS assembled a management team, led by CEO Tomas Lopez, to lead the transformation of Eviosys into one of Europe's largest and most profitable packaging companies. In under three years of ownership, KPS, in partnership with management, successfully transformed Eviosys into a fully independent and significantly more profitable company focused on growth, innovation and sustainability. KPS and Eviosys' management team structurally improved the strategic position and competitiveness of Eviosys, resulting in an approximate 50% improvement in profitability in under three years of KPS ownership.
|
TRDA | Hot Stocks06:09 EDT Entrada Therapeutics reports 'positive' data from Phase 1 ENTR-601-44-101 trial - Entrada Therapeutics announced positive preliminary data from its Phase 1 clinical trial, ENTR-601-44-101. Data will be featured in a presentation at the 29th Annual Congress of the World Muscle Society, taking place in Prague, Czechia from October 8-12, 2024. "We are excited to present the first clinical data from our Duchenne franchise, led by ENTR-601-44. ENTR-601-44 was well tolerated in healthy volunteers and we are pleased to see significant plasma concentration, muscle concentration and exon skipping. We achieved the goals of the ENTR-601-44-101 trial, including the identification of a clinically relevant starting dose for the planned Phase 2 global patient study. Based on the cumulative data to date, we expect to see a significant accumulation of exon skipping and dystrophin production in patients, which we believe will lead to an improvement in functional outcomes after multiple doses," said Dipal Doshi, Chief Executive Officer at Entrada Therapeutics. There were no serious adverse events, no drug-related adverse events and no clinically significant changes or trends noted in vital signs, ECGs, physical exams or laboratory assessments observed in the trial. The study demonstrated target engagement as measured by exon skipping on a ng/g of tissue adjusted basis supporting the importance of endosomal escape to therapeutic index optimization. Muscle concentration was detected in all six subjects in the 6 mg/kg dose cohort and mean target engagement as measured by exon skipping was 0.44%. Exon skipping was statistically significant compared to the placebo control in the 6 mg/kg dose cohort. These results are based upon data collected to date and are aggregated based upon the placebo and study drug groups. Based on the positive preliminary data from the Phase 1 clinical trial, the Company is on track to submit regulatory applications in the fourth quarter of 2024 to initiate separate global Phase 2 clinical trials for ENTR-601-44 in patients with Duchenne who are exon 44 skipping amenable and for ENTR-601-45 in patients with Duchenne who are exon 45 skipping amenable. In addition, the company plans to submit regulatory applications in 2025 to initiate a global Phase 2 clinical trial for its third Duchenne candidate, ENTR-601-50, in patients who are exon 50 skipping amenable.
|
OSK | Hot Stocks06:06 EDT Oshkosh Defense receives $27.3M order for Medium Equipment Trailers - Oshkosh Defense, an Oshkosh Corporation business, announced that the U.S. Army Contracting Command - Detroit Arsenal placed a $27.3M order for 57 Medium Equipment Trailers. Oshkosh will execute the order with partner Broshuis B.V. Oshkosh was awarded the five-year Indefinite Delivery/Indefinite Quantity MET production contract in November 2023.
|
GPI | Hot Stocks06:06 EDT Group 1 Automotive says CDK cybersecurity incident disrupts business processes - Group 1 Automotive announced that the cybersecurity incident recently experienced by third-party software provider, CDK Global, has disrupted Group 1's business applications and processes in its U.S. operations that rely on CDK's dealers' systems. In response, the Company immediately activated its cyber incident response procedures and proactively took measures to protect and isolate its systems from CDK's platform. Despite the CDK service outage, all Group 1 U.S. dealerships continue to conduct business using alternative processes until CDK's dealers' systems are available. The Company's dealerships in the U.K. do not use CDK's dealers' systems and are therefore not impacted by the CDK service outage. CDK has advised that it anticipates the restoration of the dealer management system will require several days and not weeks. The timing of the restoration of other impacted CDK applications remains unclear at this time. Group 1's ability to determine the material impact, if any, of the CDK incident and the resulting service outage, will ultimately depend on a number of factors, including when, and to what extent, the Company resumes its access to CDK's dealers' systems. Group 1 is closely monitoring this situation and will take additional action if determined necessary.
|
GUTS | Hot Stocks06:04 EDT Fractyl Health to accelerate its REMAIN-1 clinical study - Fractyl Health announced that it will accelerate its REMAIN-1 clinical study, which is evaluating Revita's efficacy in maintaining weight loss following the discontinuation of GLP-1 therapy. The Company also announced that the U.S. FDA has approved an amendment to the protocol for the REVITALIZE-1 study of its Revita device, which expands eligibility to patients with T2D who are inadequately controlled on any glucose lowering agent, including GLP-1 agonists and/or insulin, thus expanding the potential U.S. treatment population by nearly six-fold. Fractyl now anticipates reporting open label data from the REVEAL-1 cohort of REMAIN-1 starting in Q4 2024, a mid-point data analysis from REMAIN-1 in Q2 2025, and topline data from REVITALIZE-1 in mid-2025.
|
AEIS | Hot Stocks06:03 EDT Advanced Energy to acquire Airity Technologies, terms not disclosed - Advanced Energy Industries announced the acquisition of Airity Technologies, a Redwood City, California-based provider of next-generation, high voltage power conversion products and technologies for applications in semiconductor, industrial and medical markets. The company expects the acquisition to be immaterial to 2024 financial forecasts. Terms were not disclosed.
|
TGT SHOP | Hot Stocks10:03 EDT Target, Shopify partner to expand Target Plus assortment - Target Corporation (TGT) announced a partnership with Shopify (SHOP) to offer a selection of its popular merchants and their products on Target Plus, the retailer's third-party, highly curated digital marketplace. The new partnership with Shopify will expand Target Plus through a hand-selected assortment of new and on-trend products and brands like True Classic, Caden Lane and more, giving consumers even more options to explore at affordable prices and with exceptional quality. Target also will be the first mass retailer to work with Shopify to bring select merchants' products into its physical stores in the months to come, offering shoppers even more new brands to discover. Shopify merchants in the U.S. can apply to sell online on Target Plus through Marketplace Connect - an app enabling merchants to seamlessly sell and manage orders on leading marketplaces like Target Plus.
|
SON | Hot Stocks06:02 EDT Sonoco Products to acquire Eviosys for $3.9B - Sonoco Products announced it has entered into an agreement to acquire Eviosys, Europe's leading food cans, ends and closures manufacturer, from KPS Capital Partners for approximately $3.9B. Eviosys has the largest metal food can manufacturing footprint in the EMEA region, with approximately 6,300 employees in 44 manufacturing facilities across 17 countries. Sonoco estimates Eviosys's 2024 revenues will be approximately $2.5 billion and its 2024 adjusted EBITDA will be approximately $430 million. Eviosys has meaningful commercial and operational momentum and has increased EBITDA by approximately 50% since 2021. Sonoco expects to achieve over $100 million of synergies from the integration of Eviosys with Sonoco's complementary metal can business. Rodger Fuller, Sonoco's Chief Operating Officer, will lead the integration with a focus on customer and supplier relationships, employee continuity, operational excellence, and synergy realization, while combining the best of Sonoco's culture with the rich history and heritage of Eviosys. Under the terms of the agreement, Sonoco will acquire Eviosys from KPS for approximately $3.9 billion on a cash-free, debt-free basis. Sonoco has committed financing for the entirety of the transaction price. The Boards of Directors of both companies have unanimously approved the transaction. The Transaction expected to occur by the end of 2024, subject to the completion of required works council consultations, the receipt of required regulatory approvals and other customary closing conditions. Eviosys's current CEO, Tomas Lopez, will remain with Sonoco and lead the company's EMEA metal packaging business.
|
IDYA | Hot Stocks06:02 EDT Ideaya Biosciences announces clinical program updates for IDE397 - IDEAYA Biosciences announced clinical program updates for IDE397, a potential first-in-class Phase 2 MAT2A inhibitor targeting MTAP-deletion solid tumors. The Company is now targeting an IDE397 clinical data update for the IDE397 Phase 2 monotherapy expansion dose in MTAP-deletion bladder and lung cancer in over approximately 15 evaluable patients in the second half of 2024. The clinical data update is anticipated to include a clinical efficacy summary, including a RECIST 1.1 clinical efficacy waterfall, swim-lane plot, and ctDNA molecular response analysis. In addition, at this update the Company also anticipates providing an adverse event, pharmacokinetics and pharmacodynamics summary at the IDE397 Phase 2 monotherapy expansion dose. Next, the Company is initiating an IDE397 Phase 2 monotherapy expansion in MTAP-deletion bladder cancer, in addition to the earlier reported Phase 2 expansion in MTAP-deletion squamous lung cancer. The Company has activated over 35 clinical trial sites globally in the U.S., Canada, Europe, and Asia Pacific to enable potential rapid enrollment for the IDE397 Phase 2 monotherapy expansion in MTAP-deletion lung and bladder cancer, and for the IDEAYA sponsored clinical combination/ IDE397 is a potential first-in-class potent and selective small molecule inhibitor targeting methionine adenosyltransferase 2 alpha in patients having solid tumors with methylthioadenosine phosphorylase deletion. There is an ongoing Phase 2 expansion of IDE397 monotherapy in MTAP-deletion solid tumors, and an Amgen-sponsored Phase 1/2 trial of IDE397 and AMG 193 combination in MTAP-Deletion NSCLC for which the companies intend to develop a joint publication strategy in 2024. Next, there is a Phase 1 clinical trial that will evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics and efficacy of IDE397 in combination with Trodelvy. IDEAYA is also advancing multiple preclinical stage MTAP-deletion programs to enable wholly-owned combinations with IDE397, including a program targeting a Development Candidate nomination in the second half of 2024.
|
SON | Hot Stocks06:00 EDT Sonoco Products to acquire Eviosys for $3.9B
|
TAK | Hot Stocks05:59 EDT Takeda: Japanese MHLW approves LIVTENCITY - Takeda announced that LIVTENCITY has been approved by the Japanese Ministry of Health, Labour and Welfare for post-transplant cytomegalovirus infection/disease that is refractory to existing anti-CMV therapies. LIVTENCITY is the first and only post-transplant anti-CMV treatment approved in Japan that targets and inhibits pUL97 kinase and its natural substrates.
|
SOPH | Hot Stocks05:57 EDT Sophia Genetics launches new Residual Acute Myeloid Application - Sophia Genetics announced its new Residual Acute Myeloid Application. The new offering expands the company's comprehensive oncology portfolio to support measurable residual disease capabilities and will be available to customers worldwide this summer.
|
MGM | Hot Stocks05:56 EDT MGM Resorts unit to Tipico's U.S. sportsbook - MGM Resorts International announced that its subsidiary, LeoVegas Group, has entered into an agreement to acquire the product and technology platform constituting the U.S sportsbook and online casino from Tipico Group Ltd. This acquisition is the second major investment by LeoVegas, following the acquisition of game developer Push Gaming in 2023. The acquisition will allow LeoVegas to operate a purpose-built proprietary sportsbook across all international markets and brands, with the exception of those exclusive to the BetMGM JV, with a focus on a clean, fast consumer experience with top-class product, pricing and functionality. Tipico will wind down its U.S. operations prior to the closing of the acquisition. As part of the transaction, LeoVegas will acquire certain of Tipico's U.S. facing management, technology and trading teams across the U.S., Colombia and Europe. The transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2024.
|
AAPL | Hot Stocks05:41 EDT EU opens additional non-compliance probe against Apple under DMA - The European Commission has informed Apple of its preliminary view that its App Store rules are in breach of the Digital Markets Act, as they prevent app developers from freely steering consumers to alternative channels for offers and content. In addition, the Commission opened a new non-compliance procedure against Apple over concerns that its new contractual requirements for third-party app developers and app stores, including Apple's new "Core Technology Fee", fall short of ensuring effective compliance with Apple's obligations under the DMA. Apple currently has three sets of business terms governing its relationship with app developers, including the App Store's steering rules. The Commission preliminarily finds that: None of these business terms allow developers to freely steer their customers. Under most of the business terms available to app developers, Apple allows steering only through "link-outs", i.e., app developers can include a link in their app that redirects the customer to a web page where the customer can conclude a contract. Whilst Apple can receive a fee for facilitating via the AppStore the initial acquisition of a new customer by developers, the fees charged by Apple go beyond what is strictly necessary for such remuneration. The Commission has also opened a third non-compliance investigation into Apple's new contractual terms for developers as a condition to access some of the new features enabled by the DMA, notably the provision of alternative app stores or the possibility to offer an app via an alternative distribution channel. "Today is a very important day for the effective enforcement of the DMA: we have sent preliminary findings to Apple. Our preliminary position is that Apple does not fully allow steering. Steering is key to ensure that app developers are less dependent on gatekeepers' app stores and for consumers to be aware of better offers. We have also opened proceedings against Apple in relation to its so-called core technology fee and various rules for allowing third party app stores and sideloading. The developers' community and consumers are eager to offer alternatives to the App Store. We will investigate to ensure Apple does not undermine these efforts," said Margrethe Vestager, Executive Vice-President in charge of competition policy.
|
META | Hot Stocks05:34 EDT Sen. Blackburn: 'To Meta, our kids are the product,' calls for passing of KOSA - Tennessee Senator Marsha Blackburn said via X, the platform formerly called Twitter, on Saturday: "One of Meta's executives warned in 2019 of the addictive impacts Instagram and Facebook have on teens. Yet, when he asked CEO Mark Zuckerberg for funding to fix these problems, his request was denied. To Meta, our kids are the product. This is why we need to pass KOSA." Reference Link
|