Stockwinners Market Radar for June 25, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MSM | Hot Stocks19:00 EDT MSC Industrial acquires ApTex and Premier Tool Grinding - MSC Industrial "announced that it has acquired ApTex, Inc. and Premier Tool Grinding, Inc. Under the purchase agreements, both companies will continue to operate under their current names as MSC companies. Combined, the two companies had estimated revenues of slightly over $20 million in 2023 and have 58 associates. Both acquisitions are expected to be net neutral to MSC's fiscal year 2024 net income."
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AI | Hot Stocks18:59 EDT C3.ai names Merel Witteveen as interim COO - On June 19, 2024, Merel Witteveen was appointed to serve as the Interim Chief Operating Officer of C3.ai effective immediately. Ms. Witteveen will serve in such capacity until July 31, 2024. Ms. Witteveen will continue to report to Thomas M. Siebel, the Company's CEO and Chairman. Ms. Witteveen has served as the Company's Group Vice President, Alliances, since November 2022, and has worked at the Company in various roles since August 2016, including Director, Products; Senior Director, Products; Vice President, Marketing; Vice President, Products and Product Operations; and Vice President, Alliances. Prior to joining the Company, Ms. Witteveen worked at McKinsey & Company.
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TWLV | Hot Stocks18:57 EDT Twelve Seas Investment Company II terminates Crystal Lagoons combination - Twelve Seas Investment Company II announced that its previously announced Agreement and Plan of Merger in connection with its planned business combination with Crystal Lagoons U.S. Corp., a Delaware corporation and CL Newco Inc., a Delaware corporation was terminated by Crystal Lagoons due to the conditions to the closing of the initial business combination not being satisfied or waived by the outside date of May 31, 2024. The Company will not seek an alternative business combination. Additionally, the Company announced today that (i) the amount paid to its public stockholders was $10.64 per public share, rather than the previously reported $10.558 per public share (the "Final Redemption Amount"), (ii) the Company's securities were delisted from the over-the-counter market on June 20, 2024 in connection with the payment of the Final Redemption Amount and (iii) it expects that the Nasdaq Stock Market LLC will file a Form 25 with the U.S. Securities and Exchange Commission on June 28, 2024.
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BANC RBB | Hot Stocks22:26 EDT RBB Bancorp appoints Diana Hanson as Chief Accounting Officer - RBB Bancorp (RBB) announced the appointment of Diana Hanson as Senior Vice President and Chief Accounting Officer of Royal Business Bank and RBB Bancorp effective June 17. With over 30 years of financial services industry experience, Hanson brings a wealth of knowledge as a Chief Accounting Officer and Corporate Controller at various financial institutions. Her leadership and expertise in technical accounting, financial reporting, accounting operations and internal controls over financial reporting will be beneficial to the Company. Prior to joining the Company, Hanson held the position of SVP and Chief Accounting Officer & Corporate Controller at Banc of California (BANC), for 3 years; SVP and Chief Accounting Officer at First Choice Bancorp and First Choice Bank for 3 years; SVP and Director of Accounting Policy, Division Controller and SOX Manager at Pacific Western Bank for 7 years, and various other corporate leadership roles in community banking.
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SDRL | Hot Stocks18:21 EDT Seadrill approves initial step of $200M of its share repurchase program - Seadrill announced that it has continued progress on its share repurchase program, as part of its ongoing commitment to deliver shareholder returns. The Company completed the $250M share repurchase program initiated in December 2023 and will cancel the acquired shares. As previously announced, the Company's Board of Directors authorized a new $500M share repurchase program that will run for a period of two years from the completion of the 2023 program. As an initial step under the new repurchase program, the Board has authorized the Company to purchase up to $200M of the Company's common shares by September 30 and the Company has entered an agreement with DNB Markets to effect the First Tranche in open market transactions on the OSE and the NYSE. The Company will commence the First Tranche on June 26, and will complete the First Tranche by September 30; provided, however, that the Company may discontinue or suspend the repurchases under the First Tranche at any time without notice.
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GLT BERY | Hot Stocks22:16 EDT Berry, Glatfelter achieve regulatory milestone over proposed transaction - Berry Global Group, Inc. (BERY) and Glatfelter Corporation (GLT) announced today the achievement of an additional regulatory milestone in the proposed transaction involving the combination of a majority of Berry's Health, Hygiene and Specialties segment to include its Global Nonwovens and Films business with Glatfelter. In addition to the previously announced expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, the parties have now received all other approvals and clearances under competition and foreign direct investment laws which were conditions to the consummation of the transaction. As previously announced on February 7, 2024, Berry and Glatfelter entered into a definitive agreement under which Berry will spin-off and merge its HHNF business with Glatfelter in a Reverse Morris Trust transaction. The transaction will create a leading, publicly-traded company in the specialty materials industry. The transaction is expected to close in the second half of calendar 2024 and is subject to approval by Glatfelter shareholders and completion of the remaining customary closing conditions.
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NSC | Hot Stocks18:10 EDT Norfolk Southern 'appreciates' findings of NTSB investigation - Norfolk Southern Corporation issued the following statement regarding the findings of the National Transportation Safety Board on the derailment in East Palestine, Ohio: "Norfolk Southern appreciates the NTSB's investigation, recommendations for enhancing rail safety and the acknowledgement of the steps Norfolk Southern has taken to improve safety. We share the commitment and over the last 16 months have implemented many enhancements and technologies to make our railroad even safer. Among the NTSB recommendations specific to Norfolk Southern, we have taken action to enable the immediate availability of train consist information to first responders and encourage contractors to share information to make emergency response decisions. In addition, we have substantially addressed the Federal Railroad Administration (FRA) recommendations from its 2023 Safety Culture Assessment. As a result of these actions and others, Norfolk Southern's mainline accident rate declined 38% last year to industry leading levels. We will move quickly to compare the NTSB's recommendations to our current protocols and will implement those that advance our safety culture."
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RIVN | Hot Stocks18:03 EDT Rivian Automotive now up 54% at $18.35 after entering JV with Volkswagen
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VSTO | Hot Stocks17:49 EDT CFIUS clears Vista Outdoor's sale of The Kinetic Group - The company states: "Vista Outdoor and Czechoslovak Group a.s., or CSG, announced that the Committee on Foreign Investment in the United States, or CFIUS, has cleared CSG's proposed acquisition of Vista Outdoor's The Kinetic Group business. Vista Outdoor and CSG received written notice from CFIUS that CFIUS has concluded its review and investigation of the Transaction and has determined that there are no unresolved national security concerns. CFIUS clearance was the final regulatory approval required under the merger agreement with CSG for the closing of the Transaction. The Board continues to recommend Vista Outdoor stockholders vote in favor of the proposal to adopt the merger agreement with CSG. Vista Outdoor is confident that the 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."
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MIGI | Hot Stocks17:26 EDT Mawson Infrastructure completes Midland, PA facility expansion - Mawson Infrastructure Group announced the completion of the previously announced planned expansion at its Midland, Pennsylvania digital infrastructure and bitcoin mining facility, located in the greater Pittsburgh region. Rahul Mewawalla, CEO and President of Mawson, commented, "We are pleased to have successfully completed the expansion of our Midland, Pennsylvania facilities quickly within 60 days of our announcing our growth plans back in April this year. ...Announced on April 30, the 20 MW expansion of Mawson's Midland facility, which has now been completed, increases the facility's total power capacity by an additional 20% to approximately 120 MW from 100 MW previously, with a capacity to support approximately 38,810 miners for either self-mining or digital co-location business services. This recently completed expansion at the Midland facility along with the 8.8 MW of self-mining capacity at the Company's Bellefonte, Pennsylvania facility, is expected to increase Mawson's total combined capacity across both of its Pennsylvania facilities to approximately 129 MW or 41,530 rack spaces.
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FDX | Hot Stocks17:21 EDT FedEx sees demand environment improving in FY25 - Sees LTL volume improving as year progresses.
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FDX | Hot Stocks17:12 EDT FedEx sees momentum continuing in FY25 - Says delivered "strong" FY24 earnings growth despite lower revenue. Says expects momentum to continue in FY25. Says firmly on track to reach goal of $4B in cost savings in FY25 compared to FY23 baseline. Says continued progress on Network 2.0 in Q4, including launch in Canada. Says expects to "significantly" pick up pace of Network 2.0 into FY26. Comments taken from Q4 earnings conference call.
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DIS | Hot Stocks17:02 EDT Disney World debuts 'Lightning Lane Multi Pass,' for ride reservations - "The days leading up to a Walt Disney World vacation are always so exciting. For many, it's a time when families and friends get the chance to reunite and talk about their must-dos while they're here, including their favorite rides and experiences. We enjoy hearing from guests about all the things they love, as well as how we can make their experience even better the next time. At Walt Disney World, guests have told us they would prefer to have the option to do more of their planning before their theme park day. So, this summer we will make changes to our Disney Genie+ service and individual Lightning Lane entry, including new ways to plan ahead.On July 24, Walt Disney World will introduce new, simpler names to provide more clarity for everyone. Disney Genie+ service will become Lightning Lane Multi Pass, while individual Lightning Lane will now be known as Lightning Lane Single Pass, " said the company in a blog posting. Reference Link
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ANNX | Hot Stocks17:00 EDT Annexon reports additional 'positive' Phase 3 results for ANX005 - Annexon announced positive results from the completed pivotal Phase 3 trial of C1q-targeted immunotherapy, ANX005, in Guillain-Barre Syndrome (GBS) at the 2024 Peripheral Nerve Society (PNS) Annual Meeting in Montreal, Canada. Leading global experts in the GBS field highlighted the significant unmet need and opportunity to transform the GBS treatment landscape with a targeted immunotherapy approach, as well as additional Phase 3 analyses of early and durable treatment effects important to patients and the medical community. "ANX005 rapidly suppressed neuroinflammation and validated the role of C1q inhibition in GBS during the active phase of disease, leading to highly statistically significant improvements across multiple endpoints and over multiple timepoints versus placebo," said Douglas Love, president and chief executive officer of Annexon. "Having successfully completed the first placebo-controlled GBS trial in decades, we were honored to present the pivotal Phase 3 results showing accelerated and durable recovery of GBS patients treated with ANX005 compared to placebo in the plenary Symposium at PNS. With these favorable results, we are laser focused on bringing ANX005 to GBS patients worldwide as quickly as possible."
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GM | Hot Stocks16:58 EDT General Motors announces executive changes - In a regulatory filing, the company states: "On June 24, 2024, the General Motors Company Board of Directors (approved the election of Craig B. Glidden to a new role as the Company's Executive Vice President and Strategic Advisor, a position he will hold through December 31, 2024. He will also remain the President and Chief Administrative Officer of GM Cruise Holdings LLC, the Company's autonomous vehicle technology subsidiary, where he will support Cruise's newly appointed Chief Executive Officer, Marc Whitten. In addition, the Board elected Grant M. Dixton to succeed Mr. Glidden and serve as the Company's Executive Vice President and Chief Legal and Public Policy Officer. The Company's leadership changes will be effective as of July 15, 2024."
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APD | Hot Stocks16:57 EDT Air Products breaks ground on $70M expansion of Missouri facility - The company states: "Air Products hosted a groundbreaking event at the site of a $70 million expansion of its Missouri Manufacturing and Logistics Center in Maryland Heights, near St. Louis, Missouri. The investment, which is Air Products Membrane Solutions' largest ever, is driven by growing product demand in biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and cleaner fuels for the marine industry."
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EPSN | Hot Stocks16:53 EDT Epsilon Energy announces increased borrowing base, Permian operations update - The company states: "Epsilon Energy reported the results of a borrowing base redetermination on the Company's senior secured reserve-based revolving credit facility with Frost Bank. Effective on June 21, 2024, the Lender redetermined the Company's borrowing base at $45 million, which will remain until the next redetermination in the fourth quarter of 2024. The borrowing base now includes the recently acquired and developed properties in Ector County, Texas. The Lender's total commitment is equal to the borrowing base amount. All other terms of the Credit Facility remain the same. In Ector County, Texas, the recently completed Ava well, the sixth well drilled in the Pradera Fuego project, started flow-back in mid-May. Over the last twenty-five days, the well has averaged 1,290 BOEPD from a ~11,000' lateral. The well is the best performer in the project so far, outperforming pre-drill estimates. Completion operations are now underway on the Katy well, with flow-back expected next month. This well extends into the large undeveloped Cowden leasehold, in which the Company acquired an interest in June 2023. Epsilon holds a 25% working interest in the Pradera Fuego project."
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RIVN | Hot Stocks16:35 EDT Rivian extends rally, shares up 36% to $16.21 after VW stake, joint venture
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CAVA | Hot Stocks16:32 EDT Cava Group director sells $8.2M in common stock - In a regulatory filing, Cava Group disclosed that its director Theodoros Xenohristos sold 90K shares of common stock on June 24th in a total transaction size of $8.2M.
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ARGX | Hot Stocks16:31 EDT Argenx highlights breadth of autoimmune pipeline at PNS meeting - argenx announced that new data from across the company's autoimmune pipeline were presented at the 2024 Peripheral Nerve Society PNS Annual Meeting in Montreal, Quebec. "argenx is on a mission to transform the treatment of severe autoimmunity," said Luc Truyen, M.D., Ph.D., Chief Medical Officer, argenx. "We have established MMN and CIDP as autoantibody-mediated diseases, and by developing novel medicines that precisely target disease biology, we are fulfilling our mission to create truly transformative outcomes for patients. We are excited to present data for our novel therapies that may offer benefits beyond symptom management - to safely help patients regain control of their lives without harsh side effects, residual impairments, or treatments dependent on high frequency infusions. argenx continues to build scientific and clinical evidence that supports the advancement of our innovative pipeline and shows the potential to expand therapeutic choices while reducing the risk of relapse and accumulating disability."
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RBKB | Hot Stocks16:31 EDT Rhinebeck Bancorp appoints Kevin Nihill CFO - Rhinebeck Bancorp, the holding company of Rhinebeck Bank, announced the appointment of Kevin Nihill as CFO of Rhinebeck Bancorp and Rhinebeck Bank. Nihill replaced former CFO Michael McDermott, who retired from the bank after 23 years of service. Nihill most recently served as executive VP, CFO at St. Mary's Bank, a credit union in Manchester, NH.
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GVA | Hot Stocks16:31 EDT Granite announces $25M bridge replacement project in Everett, Washington - The company states: "Granite has been awarded an approximately $25 million contract by the City of Everett to remove and replace the Edgewater Creek Bridge. The project will be funded by federal grants and local funds, and will be included in Granite's second-quarter CAP. Project scope includes the removal of the existing bridge, originally built in 1946, and the construction of a new bridge over the Edgewater Creek Basin. The project presents engineering challenges due to the steep and unstable soils of the ravine. The project site is located within 7 miles of Granite's regional office, furthering its relationship with the City of Everett. This project provides a robust backlog for the region over the next year and a half. Granite's Smith Island Facility will supply 1,610 tons of Hot Mix Asphalt, and its Granite Falls Aggregate Plant will supply 4,685 tons of aggregates."
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FDS | Hot Stocks16:26 EDT FactSet director Abrams sells 2,375 common shares - In a regulatory filing, FactSet director Robin Ann Abrams disclosed the sale of 2,375 common shares of the company on June 25 at a price of $420.71 per share.
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FDX | Hot Stocks16:22 EDT FedEx shares jump 14% to over $293 after Q4 results, FY25 guidance
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RIVN VWAGY | Hot Stocks20:21 EDT Volkswagen plans to make $5B investment into Rivian, with $1B initial investment - Rivian Automotive (RIVN) and Volkswagen (VWAGY) announced their intention to form an equally controlled and owned joint venture to create next-generation electrical architecture and best-in-class software technology. The partnership is anticipated to accelerate the development of software for Rivian and Volkswagen Group. It is expected to allow both companies to combine their complementary strengths and lower cost per vehicle by increasing scale and speeding up innovation globally. Rivian's proven in-market zonal hardware design and integrated technology platform are expected to serve as the foundation for future SDV development in the JV that will be applied to both companies' vehicles. Rivian plans to contribute its electrical architecture expertise and is expected to license existing intellectual property rights to the joint venture. Both companies aim to launch vehicles benefiting from the technology created within the joint venture in the second half of the decade. In the short term, the joint venture is expected to enable Volkswagen Group to utilize Rivian's existing electrical architecture and software platform. The partnership's ambition is to accelerate Volkswagen Group's SDV plans and transition to a pure zonal architecture. Each company will continue to separately operate their respective vehicle businesses. Underpinned by the vision of the strategic partnership, Volkswagen Group plans to make a $5 billion investment into Rivian. Initially Volkswagen Group will invest $1 billion in Rivian through an unsecured convertible note that will convert into Rivian's common stock subject to certain conditions upon the later of receipt of regulatory approvals and December 1, 2024. Volkswagen Group is expected to invest a further $4B as part of the transaction. There has been significant work done over the past months to validate that Rivian's electrical architecture and software are compatible with Volkswagen Group's vehicles. The parties currently expect the completion of the JV formation in the fourth quarter of 2024. All transactions described in this release are subject to the completion of definitive agreements, the conditions included in those agreements and the receipt of required regulatory approvals. Lazard is serving as lead financial advisor and BDT & MSD Partners is serving as financial advisor to Rivian.
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TXO | Hot Stocks16:18 EDT TXO Energy Partners to acquire assets in Greater Williston Basin for $243M - TXO Partners announced that it has entered into separate purchase agreements with Eagle Mountain Energy Partners and a private company to purchase assets in the Elm Coulee field in Montana and the Russian Creek field in North Dakota for total cash considerations of $243 million and 2.5 million common units of TXO, subject to customary purchase price adjustments. Each of the transactions are expected to close in the third quarter of 2024, subject to satisfaction of customary closing conditions. If consummated, the transactions are expected to add approximately 4,500 daily barrels of oil equivalent production and Proved Developed reserves of approximately 17,000 Mboe, as of April 1, 2024 as determined by Cawley, Gillespie & Associates using SEC pricing.
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DOCU | Hot Stocks16:17 EDT DocuSign appoints new Chief Revenue and Chief Technology officers - Docusign announced that Paula Hansen will join the company as President and Chief Revenue Officer and Sagnik Nandy will join as Chief Technology Officer on August 5, completing the company's senior leadership team for its next phase of growth. Reporting to Docusign CEO Allan Thygesen, the two new leaders will lead Docusign's sales and partnership functions and its engineering function, respectively, to fully capitalize on the company's recently announced expansion into a new SaaS category: Intelligent Agreement Management. Earlier this year, Docusign unveiled Docusign IAM, an Intelligent Agreement Management platform and suite of applications to lead that category, which rolled out to U.S. customers on May 30. Leveraging the deep experience of these two senior leaders in pioneering new innovation and growth at scale, Docusign IAM will help businesses of all kinds transform agreement data into actionable insights, accelerate contract review cycles, and boost productivity organization-wide. Most recently, Hansen served as President and Chief Revenue Officer at Alteryx, where she was responsible for leading the global go-to-market organization, which includes worldwide sales, sales engineering, partners, marketing, customer experience, customer support and revenue operations. Most recently, Nandy served as President and Chief Development Officer at Okta, where he led product, engineering and design for the Workforce Identity Cloud, which includes their core identity and access management platform. Earlier, he served as a VP of Engineering at Google. At Docusign, Nandy will partner closely with Dmitri Krakovsky, Chief Product Officer, who leads product management and design.
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CACI | Hot Stocks16:17 EDT CACI awarded $2B task order to provide modern digital solutions to NASA - CACI International announced that it won an eight-year contract valued at up to $2B to provide digital solutions technology to standardize and centralize 11 of NASA's IT services under the NASA Consolidated Applications and Platform Services award. NCAPS expands CACI's current relationship with NASA and will bring enterprise-wide automation across more than 200 systems from various NASA locations into a single program, thus enhancing efficiency while boosting productivity. "I appreciate NASA's confidence in our capabilities as a leader in digital transformation to modernize the way they do business," said John Mengucci, CACI President and Chief Executive Officer. "We will not only assist NASA in rationalizing duplicative efforts and advancing the end-user experience, but we will also leverage our Agile-at-scale experience to accelerate application deployment, improve usability, increase engagement, and automate business processes across the enterprise." CACI will provide development, application support, and sustainment across all business functions and devices, including advanced enterprise resource planning modernization of SAP solutions to S4/Hana. The contract also includes the creation of an NCAPS Agile-at-scale delivery center, the deployment of a full Agile SAFe model, and an implementation roadmap to increase productivity, quality, and time to market.
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KKR LEN | Hot Stocks20:16 EDT KKR acquires $2.1B multifamily portfolio from Quarterra - KKR (KKR) announced that KKR has acquired a portfolio of 18 multifamily assets from a closed-ended fund sponsored by Quarterra Multifamily (LEN), a multifamily real estate development and operating company, for approximately $2.1B. The recently-built, Class A portfolio consists of over 5,200 units concentrated primarily in growing coastal and sunbelt markets including California, Washington, Florida, Texas, Georgia and North Carolina, Colorado and New Jersey. The portfolio is a mix of mid-rise and high-rise buildings featuring convenient access to urban, metropolitan areas, high-quality construction, modern amenities and excellent energy, water and waste efficiency. "We are pleased to acquire this exceptional, well-located multifamily portfolio from one of the world's premier developers and owners of residential real estate," said Justin Pattner, Partner at KKR and Head of Real Estate Equity in the Americas. "We believe this is a great moment to invest in real estate, as transaction activity starts to pick up on the heels of two-years of dislocation in commercial real estate markets. Across our platform we are finding opportunities where our scale, strong relationships, multiple pools of capital and local knowledge give us advantages as a buyer of large pools of high-quality, irreplaceable assets."
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PBA | Hot Stocks16:12 EDT Haisla Nation, Pembina announce positive investment decision on Cedar LNG - The company states: "The Haisla Nation and Pembina Pipeline, partners in Cedar LNG Partners LP, announced a positive Final Investment Decision on the Cedar LNG Project, a floating liquefied natural gas facility with a nameplate capacity of 3.3 million tonnes per annum, located in the traditional territory of the Haisla Nation, on Canada's West Coast. The Project is strategically positioned to leverage Canada's abundant natural gas supply and deliver a lower-carbon energy option to global markets. The facility will be powered by renewable electricity from BC Hydro, making it one of the lowest emitting LNG facilities in the world. The Project is expected to be funded with asset-level debt financing for approximately 60 percent of the Project cost. Cedar LNG has secured a construction term loan with a syndicate of banks. The remaining approximately 40 percent of the costs of the Project are expected to be financed through equity contributions from both partners. The Haisla Nation have obtained committed capital through the First Nations Finance Authority to fund their 20 percent equity contribution to the Project. Pembina continues to anticipate its equity contribution will be funded from cash flow from operating activities. Pembina expects no material change to its 2024 Cedar LNG equity contributions disclosed previously, with no incremental post-FID contributions in 2024 anticipated."
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MEI | Hot Stocks16:10 EDT Methode Electronics appoints Jon DeGaynor as president and CEO - Methode Electronics announced that Jon DeGaynor has been appointed President, Chief Executive Officer CEO and a member of the Board of Directors, effective July 15. Mr. DeGaynor succeeds Kevin Nystrom, a partner and managing director at AlixPartners LLP, who has served as interim CEO since May 7. With a 35-year career in engineered-products businesses, Mr. DeGaynor brings to Methode diverse experience at the intersection of operations, technology and strategy. From 2015 to 2023, he served as President and CEO of Stoneridge...
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FDX | Hot Stocks16:08 EDT FedEx expects to repurchase $2.5B of common stock for FY25 - During fiscal 2024, FedEx returned approximately $3.8 billion to stockholders through the combination of $2.5 billion of stock repurchases and $1.3 billion of dividend payments. Repurchases during fiscal 2024 totaled approximately 9.8 million shares or 3.9% of the shares outstanding at the beginning of the year, and increased fourth quarter and full-year earnings by $0.21 and $0.34 per share, respectively. As of May 31, 2024, $5.1 billion remained under the existing stock repurchase authorizations. For fiscal 2025, FedEx expects to repurchase $2.5 billion of FedEx common stock, including $1.0 billion during the first fiscal quarter, and previously announced a 10% increase ($0.48 per share) in the annual dividend rate on its common stock to $5.52 per share. "As we advance our transformation, we continue to focus on reducing structural costs and lowering the capital intensity of the business," said John Dietrich, FedEx Corp. executive vice president and chief financial officer. "Improved earnings and enhanced capital discipline enabled us to return $3.8 billion to stockholders during fiscal 2024 while prudently investing in our business and maintaining a strong balance sheet."
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TGLS | Hot Stocks16:08 EDT Tecnoglass to review strategic alternatives, reaffirms FY24 outlook - Tecnoglass announced that its board is conducting a review of the company's strategic alternatives with the assistance of outside financial and legal advisors. The board is committed to acting in the best interests of the company. There is no deadline or definitive timetable set for completion of the strategic alternatives review process and there can be no assurance that this process will result in the company pursuing a transaction or any other particular outcome. The company does not intend to make any further public comment regarding its review of strategic alternatives until the board has approved a specific course of action or the company determines that additional disclosure is appropriate or necessary. Additionally, the company is reaffirming its financial outlook for FY24 provided on May 9.
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FLYX | Hot Stocks16:07 EDT flyExclusive names Matt Lesmeister CFO - flyExclusive announced the promotion of Matt Lesmeister to Chief Financial Officer, effective June 25, 2024. The company also announced the promotion of Zach Nichols to Chief Accounting Officer from his previous role as Senior Vice President of Finance. Lesmeister joined the company on May 30, 2024, as Executive Vice President & Chief of Staff and has 14 years of public company experience across various finance roles, most recently at Fox Factory Holding Corp. "We are excited to have Matt lead us through our next phase of growth as Chief Financial Officer. His extensive public company experience will be highly valuable as we continue to add focus and rigor to our finance department," said Jim Segrave, CEO and founder of flyExclusive. "I look forward to working closely with Matt and Zach to continue executing on our business strategy and delivering an industry leading experience for our clients."
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RIVN VWAGY | Hot Stocks20:07 EDT Volkswagen to invest $1B in Rivian, to establish joint venture - The Management Board of Volkswagen AG Volkswagen AG (VWAGY) resolved with the approval of the Supervisory Board of Volkswagen AG that Volkswagen will enter into a Convertible Promissory Note Purchase Agreement with Rivian Automotive (RIVN). Under the terms of this agreement, Volkswagen will grant Rivian Automotive a convertible note in the amount of $1B. The note will convert into a direct shareholding of Volkswagen in Rivian Automotive, Inc., upon the receipt of the necessary regulatory approvals, but not before 1 December 2024. The size of the shareholding is determined in accordance with certain average share prices of the shares of Rivian Automotive, Inc., for one half of the equity interest as of the time of the conclusion of the Convertible Promissory Note Purchase Agreement and for the other half of the equity interest as of the conversion day. In addition, Volkswagen and Rivian Automotive intend to establish a joint venture for the purpose of the joint creation of next generation electrical/electronic architecture, or so-called E/E-architecture, for electric vehicles. Volkswagen and Rivian shall each hold a 50% stake in the joint venture, and it shall be equally controlled. Upon successful implementation of the joint venture, Volkswagen would receive immediate access to Rivian Automotive's current E/E-architecture technology for using it in its electric vehicles. The actual establishment of the joint venture depends on a series of different parameters, in particular, the final results of the further review of the technical feasibility of the integration of the E/E-architecture in vehicles of Volkswagen, the further negotiations between the parties as well as regulatory approvals. Against this background, a final decision on the establishment of the joint venture has not been made yet. In case the joint venture would be established successfully, Volkswagen intends to make further investments in shares of Rivian Automotive, Inc., or in the joint venture in the total amount of $4B. The additional investment in shares of Rivian Automotive, Inc., would be made in two tranches of 1 billion USD each in 2025 and 2026 and would be contingent on Rivian Automotive, Inc., and the joint venture achieving certain milestones. With respect to the joint venture Volkswagen would provide a payment in the amount of 1 billion USD upon foundation of the joint venture in 2024 and grant a loan in the amount of 1 billion USD in 2026. If the joint venture will be successfully implemented and certain further milestones are achieved, the total investment of Volkswagen in shares in Rivian Automotive, Inc., as well as in equity and debt in the joint venture would aggregate in a total amount of 5 billion USD by 2026; a part of which in the amount of 2 billion USD would be paid out still in fiscal year 2024. The announced transaction could result in an unplanned cash outflow of up to 2 billion EUR in the current fiscal year. Therefore, Volkswagen AG is updating its financial forecast for fiscal year 2024 as follows: In the Automotive Division, Volkswagen AG now expects net cash flow to range between 2.5 billion EUR and 4.5 billion EUR (previously: 4.5 billion EUR to 6.5 billion EUR) and net liquidity between 37 EUR billion and 39 billion EUR.
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ALLK | Hot Stocks16:07 EDT Allakos: results from AK006 trial, showing 'high receptor occupancy' in cells - Allakos announced positive results from the single and multiple ascending Phase 1 study of intravenous I AK006 in healthy volunteers. AK006 is a Siglec-6 monoclonal antibody that selectively inhibits mast cells. Inappropriate activation of mast cells has been identified as a pathogenic driver of multiple diseases, including chronic spontaneous urticaria, food allergy and asthma.Phase 1 Study Results: Single and multiple IV doses of AK006 up to 720 mg were well tolerated with a favorable safety profile. AK006 showed dose linear exposure and with an estimated half-life of 21 days for the 720 mg IV dose...AK006 achieved serum concentrations consistent with those showing mast cell inhibition in preclinical experiments
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FDX | Hot Stocks16:06 EDT FedEx conducting assessment of role of FedEx Freight in portfolio structure - With the recent completion of the FY25 planning process, FedEx has turned its focus to the next phase of its long-term stockholder value-creation plans. As a part of this work, FedEx management and Board of Directors are conducting an assessment of the role of FedEx Freight in the company's portfolio structure and potential steps to further unlock sustainable shareholder value. The company is committed to completing this review thoroughly and deliberately, by the end of the calendar year. FedEx will conduct this assessment while continuing to focus on customers, team members, and the safety of its operations.
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MRK | Hot Stocks16:06 EDT USDA approves Merck Animal Health's NOBIVAC - The company states: "Merck Animal Health, known as MSD Animal Health outside of the United States and Canada, a division of Merck & Co, announced the U.S. Department of Agriculture approval of NOBIVAC(R) NXT Canine Flu H3N2, a next-level solution to help safeguard dogs against the ongoing threat of canine influenza. The product is expected to be available at veterinary clinics and hospitals nationwide late this summer. NOBIVAC NXT Canine Flu H3N2 is the first and only canine influenza vaccine built on Merck Animal Health's RNA-particle technology platform to deliver optimized protection against the most prevalent canine influenza virus circulating in the United States. NOBIVAC NXT Canine Flu H3N2 is a nonadjuvanted, low volume 0.5 mL dose vaccine that harnesses the natural ability of the immune system to generate a robust response without compromising comfort or safety. The product is indicated for the vaccination of healthy dogs eight weeks of age or older against canine influenza H3N2. "
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RIVN | Hot Stocks16:05 EDT Rivian jumps 23% to $14.44 after VW stake, joint venture announcement
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RIVN VWAGY | Hot Stocks20:04 EDT Volkswagen announces initial investment of $1B in Rivian
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CPSH | Hot Stocks16:04 EDT CPS Technologies announces Navy SBIR Phase II award - CPS Technologies Corporation announced that it has been awarded a Phase II SBIR contract from the U.S. Navy Air Systems Command, NAVAIR. With funding of more than $1M over 30 months, CPS will continue its development of novel metal matrix composites for thermal energy storage to address the requirements of NAVAIR's Advanced Anti-Radiation Guided Missile - Extended Range program.
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AIRC BX | Hot Stocks20:01 EDT Apartment Income REIT shareholders approve acquisition by Blackstone - Apartment Income REIT Corp. (AIRC) announced that, at the concluded special meeting of stockholders held earlier today, its stockholders approved the all-cash acquisition of the Company by Blackstone Real Estate Partners X (BX). The company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. As previously announced, the company and affiliates of Blackstone have entered into a definitive merger agreement, pursuant to which such affiliates have agreed to acquire the outstanding shares of common stock of the company for $39.12 per share. The proposed acquisition is expected to be completed on or about June 28, 2024, subject to the satisfaction or waiver of customary closing conditions.
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NTLA REGN | Hot Stocks19:37 EDT Intellia reports proof-of-concept data for redosing CRISPR-based therapy - Intellia Therapeutics (NTLA) presented new data demonstrating for the first time the potential for redosing with an investigational, in vivo CRISPR/Cas9 genome editing therapy. These data from the ongoing Phase 1 study of NTLA-2001, a single-dose treatment in development for transthyretin, or ATTR, amyloidosis, were presented at the Peripheral Nerve Society Annual Meeting, taking place June 22-25. NTLA-2001 is currently being evaluated in patients with either ATTR amyloidosis with cardiomyopathy, or ATTR-CM, or hereditary ATTR amyloidosis with polyneuropathy, or ATTRv-PN. Development and commercialization of NTLA-2001 is led by Intellia as part of a multi-target collaboration with Regeneron (REGN). Data from the Phase 1 trial has demonstrated that a one-time 55 mg dose of NTLA-2001 led to consistent, deep and durable reduction of serum TTR protein levels. This 55 mg dose was selected for further evaluation in the actively enrolling Phase 3 MAGNITUDE trial for ATTR-CM and the planned Phase 3 trial for ATTRv-PN. In the Phase 1 trial, the three initial patients enrolled in the dose-escalation portion received a 0.1 mg/kg dose of NTLA-2001, which led to a 52% median reduction in serum TTR by day 28. As expected, the 0.1 mg/kg dose resulted in lower-than-targeted serum TTR reduction. These patients were offered the opportunity to receive a follow-on dose of NTLA-2001 at the completion of the protocol-specified two years of observation. All three patients subsequently received a 55 mg dose, which led to the target pharmacodynamic effect and a 90% median reduction in serum TTR by day 28. The corresponding reduction from original baseline levels was a 95% median reduction in serum TTR. NTLA-2001 was generally well tolerated across all patients after receiving the follow-on dose. One of the three patients experienced a mild infusion-related reaction with the 55 mg dose. Safety and pharmacodynamics of the NTLA-2001 redosing were consistent with those observed after a single 55 mg dose. Further, favorable safety and tolerability continues to be observed, with patient follow-up beyond three years for the earliest dosed patient. "Today's data showcase an exciting new platform advancement for Intellia and the field of gene editing. For the first time ever, we demonstrated that redosing with CRISPR, utilizing our proprietary, non-viral LNP-based delivery platform, enabled an additive pharmacodynamic effect on the target protein," said Intellia President and Chief Executive Officer John Leonard, M.D. "While redosing is not planned for the NTLA-2001 program for the treatment of transthyretin amyloidosis, part of our commitment to patients enrolled in the dose-escalation portion of the Phase 1 study was to provide them with the opportunity to receive the therapeutic dose selected if they did not reach the target protein reduction level. These data provide platform proof-of-concept that we can re-dose, if necessary, enabling us to pursue treatment of other diseases where patients might need more than one dose to reach the desired therapeutic effect."
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NYT | Hot Stocks15:24 EDT New York Times down 1% after report of plans to move podcasts behind paywall
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META... | Hot Stocks18:20 EDT Meta reveals new Threads' feature allowing more 'fediverse' sharing - Meta (META) CEO Mark Zuckerberg diclosed earlier on Tuesday that, "Starting today, people using Threads in 100+ countries can turn on sharing to the fediverse." Meta elaborated with a blog entry out earlier, that said in part: " A The fediverse is a global social network of interconnected servers that allows people to communicate across different platforms. Threads is Meta's first app built to be compatible with the fediverse to help people join public conversations and find their community, no matter what server they use...So what does that mean? The fediverse allows you to communicate across different servers - imagine posting on Threads and having people see your post on Tumblr or Flipboard. A helpful analogy is e-mail. If you use Yahoo and your friend uses Gmail, you're able to send emails to each other because both providers conform to the same protocol. Unlike email, your fediverse conversations and profile are public and can be shared across servers. Right now, most social networks don't work that way. People on Reddit (RDDT) can't follow people on Pinterest (PINS), for example....The fediverse changes that, enabling people to follow one another and communicate across different servers." Other companies in the social media space also include Snap (SNAP) and X, formerly Twitter (TWTR). Reference Link
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SPHR... | Hot Stocks18:15 EDT Sphere Entertainment up 5% after Cohen discloses 5.5% stake - Shares of Sphere Entertainment are up $1.73, or 5%, to $34.22 after Steve Cohen's Point72 Asset Management disclosed in a regulatory filing last night it holds a 5.5% stake in the owner of the Las Vegas Sphere event venue. Like Sphere Executive Chairman and CEO James Dolan, who is the owner of the NBA's New York Knicks and NHL's New York Rangers, Cohen holds a prominent place in sports as the owner of the New York Mets. Reference Link
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MS KNTK | Hot Stocks17:59 EDT Morgan Stanley Energy Partners completes sale of Durango Permian to Kinetik - Investment funds managed by Morgan Stanley Energy Partners (MS) announced the closing of the sale of Durango Permian to a subsidiary of Kinetik Holdings (KNTK). Consideration for the Durango Permian sale includes a combination of cash and equity, including contingent consideration payable upon the successful commissioning of Durango Permian's Kings Landing Gas Gathering and Processing Development. Durango Permian, a subsidiary of Durango Midstream, is a gas gathering, processing, and carbon dioxide sequestration business operating in the Permian Basin of southeast New Mexico. Durango is majority-owned by funds managed by Morgan Stanley Energy Partners. Commenting on the transaction, Richard Cargile, President and Chief Executive Officer of Durango, said: "Durango is excited to announce the completion of the sale of its Permian Basin assets to Kinetik. I am very proud of the dedication and tireless efforts of our employees as we have expanded our presence in New Mexico through two acquisitions and multiple growth projects in partnership with Morgan Stanley Energy Partners over the last five years. We share in Kinetik's enthusiasm for the sustained growth potential of Durango's operating region and for the Kings Landing project, which will provide a critical gas processing and treatment solution for the region's producers. The Company's assets are complementary to Kinetik's existing operating footprint, expand Kinetik's presence in New Mexico, and reinforce Kinetik's value proposition as a pure-play midstream provider across the entire Delaware Basin. The combination of assets is expected to realize significant operating synergies and capture economies of scale benefits. The base business provides strong stable earnings and the commissioning of Kings Landing supports significant future growth in the area."
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ARWR | Hot Stocks13:58 EDT Arrowhead to advance plozasiran into Phase 3 cardiovascular outcomes trial - Arrowhead Pharmaceuticals announced plans to advance investigational plozasiran into a Phase 3 cardiovascular outcomes trial called CAPITAN. "This comes after promising results were recently announced from multiple clinical trials in three distinct patient populations, including the pivotal Phase 3 PALISADE study in patients with genetically confirmed or clinically diagnosed familial chylomicronemia syndrome, or FCS, the Phase 2 SHASTA-2 study in patients with severe hypertriglyceridemia, or SHTG, which was published in JAMA Cardiology, and the Phase 2 MUIR study in patients with mixed hyperlipidemia, which was published in the New England Journal of Medicine," the company stated. "We recently announced successful topline results from the Phase 3 PALISADE study, which evaluated plozasiran in patients with FCS. The study met the primary endpoint of lowering triglycerides and met all key secondary endpoints, including reducing the incidence of acute pancreatitis, compared to placebo. Today, we are adding more context to those results and will show that plozasiran, administered once every three months, consistently maintained the median and mean triglyceride levels over the study period with low variability. These are exciting results, and we are eager to share more of these data at upcoming medical congresses. We see plozasiran clinical data as strong and consistent across multiple studies in patients with FCS, SHTG, and mixed hyperlipidemia, and believe plozasiran has the potential to address significant unmet needs in all three patient populations. Based on this we are allocating substantial resources to the Phase 3 SHASTA studies in patients with SHTG and the newly announced Phase 3 CAPITAN study in patients with mixed hyperlipidemia and residual risk of ASCVD. Our second cardiometabolic program, zodasiran, achieved highly encouraging results, including decreases in triglyceride levels and robust and durable reductions in triglyceride-rich lipoproteins, remnants, and total atherogenic lipoproteins, which we believe supports further investigation in Phase 3 studies. However, based on our various assessments for both candidates, and resource allocation considerations, we have elected to broadly advance plozasiran ourselves and, at this time, will only conduct further development of zodasiran if we identify a suitable development and commercialization partner," said Bruce Given, M.D., chief medical scientist at Arrowhead.
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AUGX HCA | Hot Stocks17:15 EDT Augmedix says Go ED has met HCA's criteria for expansion - In a regulatory filing, Augmedix (AUGX) disclosed that John Doulis, VP of Data Services and Innovation for the Clinical Transformation & Innovation division of HCA Healthcare (HCA), will have a fireside chat today, June 25, at 1:00 p.m. Central Time with Ryan Daniels, an equity analyst and Partner at William Blair. This discussion will be open to investors and clients of William Blair. John and Ryan will be discussing the strategic relationship of Augmedix with HCA Healthcare. "The discussion will include comments that Augmedix Go ED, the company's fully automated AI documentation product for emergency departments, has met HCA's criteria for expansion. This criteria set is comprised of rigorous metrics relating to Augmedix Go technical performance, feature release milestones, and clinician feedback scores. Further, John Doulis will engage in discussion around HCA's focus on building out AI solutions for enterprise-scale and systematized steps now being taken to embark on broader rollouts of Augmedix Go, given that HCA's acceptance criteria are now met," the filing stated. Reference Link
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WOR | Hot Stocks12:55 EDT Worthington increases quarterly dividend 6.25% - The Worthington Enterprises board declared a quarterly dividend of 17c per share, which represents an increase of 1c per share or 6.25% from the prior quarter. The dividend is payable on September 27 to shareholders of record on September 13. The company has paid a quarterly dividend since its initial public offering in 1968.
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TROX | Hot Stocks12:01 EDT Tronox falls -9.9% - Tronox is down -9.9%, or -$1.83 to $16.71.
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CMP | Hot Stocks12:01 EDT Compass Minerals falls -12.5% - Compass Minerals is down -12.5%, or -$1.48 to $10.40.
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CMCM | Hot Stocks12:01 EDT Cheetah Mobile falls -12.9% - Cheetah Mobile is down -12.9%, or -69c to $4.67.
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CCL | Hot Stocks12:00 EDT Carnival rises 7.7% - Carnival is up 7.7%, or $1.26 to $17.66.
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CUK | Hot Stocks12:00 EDT Carnival plc rises 8.4% - Carnival plc is up 8.4%, or $1.23 to $15.90.
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SMR | Hot Stocks12:00 EDT Nuscale Power rises 9.1% - Nuscale Power is up 9.1%, or 92c to $10.94.
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YYAI | Hot Stocks11:54 EDT Connexa Sports Technologies announces 1-for-20 reverse stock split - Connexa Sports Technologies announced that it will effect a 1-for-20 reverse stock split of its common stock, par value $0.001 per share. The common stock will continue to be traded on Nasdaq under the symbol "YYAI" and will begin trading on a reverse split-adjusted basis when the market opens on June 27. Post-reverse split, the number of the company's outstanding shares will be 2,042,669. The reverse stock split is intended to increase the market price of the company's common stock to regain compliance with the minimum bid price requirement for continued listing on Nasdaq, but there can be no assurance that the reverse split will have such effect. Following the reverse split, the company must see a closing bid price of its common stock of at least $1.00 per share for a minimum of ten consecutive trading days in order to regain compliance with the minimum bid price requirement for continued listing on Nasdaq.
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FUFU | Hot Stocks11:23 EDT BitFuFu Inc trading resumes
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GOOG GOOGL | Hot Stocks15:19 EDT Waymo opens driverless robotaxi service to everyone in San Francisco - In a blog post, the Waymo team said, "The wait is over. Starting today, anyone can hail a ride with Waymo in San Francisco. Rain, shine, or Karl the Fog, just download the app, and ride. We've been operating in San Francisco for years now, deliberately scaling our service over time. With tens of thousands of weekly trips, our Waymo One service provides safe, sustainable, and reliable transportation to locals and visitors to the city alike. Now it's available to anyone." Reference Link
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FUFU | Hot Stocks11:18 EDT BitFuFu Inc trading halted, volatility trading pause
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ZIMV | Hot Stocks11:09 EDT ZimVie jumps 14% to $16.91 after Bloomberg report
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RCI DIS | Hot Stocks15:06 EDT Rogers says ad-supported Disney+ now available to customers at no added cost - Rogers Communications (RCI) and Disney Entertainment (DIS) announced that the ad-supported version of Disney+ is now available to Rogers TV customers at no additional cost. "We want to deliver more value to our customers and create a more seamless viewing experience. By integrating Disney+, we're adding even more value to our entertainment packages and making it easier than ever for customers to enjoy the shows and movies they love," said Bret Leech, President, Residential Services, Rogers.
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RVLV | Hot Stocks11:05 EDT Revolve Group acquires majority stake in Alexandre Vauthier - REVOLVE Group has acquired a majority stake luxury fashion brand, Alexandre Vauthier. The company said, "The strategic move further differentiates REVOLVE Group, Inc. in the premium and high-end fashion market, taking a significant step forward in its mission to redefine the fashion landscape...Renowned for its couture designs and impeccable craftsmanship, Alexandre Vauthier has carved out a distinguished position within the luxury fashion sphere. With a successful track record in FWRD's luxury brand portfolio and a strong resonance with its sophisticated customer base, Alexandre Vauthier embodies elegance, innovation and luxury. This exciting partnership between REVOLVE Group, Inc. and Alexandre Vauthier presents an opportunity to leverage each other's strengths. By integrating REVOLVE and FWRD's cutting-edge marketing strategies, data-driven merchandising techniques, and renowned operational infrastructure with Alexandre Vauthier's iconic brand identity and exceptional craftsmanship, the collaboration aims to propel Alexandre Vauthier to new heights within the luxury fashion landscape." As part of the transaction, Revolve Group, Inc. will contribute purchased assets to a newly formed entity and will invest EUR 6M over three years. Additional terms were not disclosed.
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TSLA | Hot Stocks11:03 EDT Tesla recalls over 11,600 2024 Cybertrucks for windshield wiper defect - Tesla is recalling 11,688 Model Year 2024 Cybertruck vehicles manufactured from November 13, 2023, to June 6, 2024, according to documents posted by the NHTSA on its website. On affected vehicles, the front windshield wiper motor controller may stop functioning due to electrical overstress to the gate driver component. A non-functioning windshield wiper may reduce visibility in certain operating conditions, which may increase the risk of a collision. Reference Link
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KEYS SSNLF | Hot Stocks15:02 EDT Keysight says Samsung Semiconductor India Research selects S-FTL solution - Keysight Technologies (KEYS) announces that Samsung (SSNLF) Semiconductor India Research has selected the Keysight Signaling Field-To-Lab solution to streamline and automate its 5G field-to-lab workflow in its Bengaluru lab. The comprehensive, end-to-end 5G wireless protocol signaling solution improves end-user quality of experience by accelerating the replication, analysis, and resolution of 5G field issues in a test lab environment
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AJG | Hot Stocks10:52 EDT Arthur J. Gallagher sees Q2 North America organic growth 6%-7% - Says May and early June audit premiums, policy endorsements and cancellations are in line with the prior year. Comments taken from the company's investor meeting.
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NNE | Hot Stocks10:23 EDT Nano Nuclear Energy Inc trading resumes
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FLYE | Hot Stocks10:19 EDT Fly-E Group Inc trading resumes
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NNE | Hot Stocks10:18 EDT Nano Nuclear Energy Inc trading halted, volatility trading pause
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FLYE | Hot Stocks10:09 EDT Fly-E Group Inc trading halted, volatility trading pause
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LLY | Hot Stocks10:03 EDT Eli Lilly collaborates with OpenAI to discover novel antimicrobials - Eli Lilly and Company announced a collaboration with OpenAI that will allow Lilly to leverage OpenAI's generative AI to invent novel antimicrobials to treat drug-resistant pathogens. Antimicrobial resistance is one of the top public health and development threats across the global health landscape. AMR affects countries in all regions and at all income levels and is exacerbated by poverty and inequality, particularly in low- and middle-income countries, which results in the greatest impact and risk. The misuse and overuse of antimicrobials in humans, animals and plants are the main drivers in the development of drug-resistant pathogens, magnifying this threat to global health.
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XOM | Hot Stocks10:01 EDT Exxon Mobil signs non-binding MOU with SK On - ExxonMobil has signed a non-binding memorandum of understanding with SK On, a global electric vehicle battery developer, that opens the door to secure a multiyear offtake agreement of up to 100,000 metric tons of Mobil Lithium from the company's first planned project in Arkansas. SK On plans to use the lithium in its EV battery manufacturing operations in the U.S. This will contribute to ExxonMobil's goal, announced in late 2023, of supplying lithium for about one million EV batteries annually by 2030 and support the build out of a U.S. EV supply chain. Demand for lithium is forecasted to grow sharply in coming years as it is an essential component for EVs, consumer electronics, energy storage systems, and other clean energy technologies. The planned project will extract lithium from underground saltwater deposits and convert it into battery-grade material onsite in Arkansas. This approach aims to produce lithium more efficiently and with fewer environmental impacts than traditional hard rock mining.
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OMI | Hot Stocks10:01 EDT Owens & Minor falls -8.2% - Owens & Minor is down -8.2%, or -$1.33 to $14.84.
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HAYW | Hot Stocks10:01 EDT Hayward falls -8.7% - Hayward is down -8.7%, or -$1.18 to $12.26.
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LICY | Hot Stocks10:00 EDT Li-Cycle falls -10.7% - Li-Cycle is down -10.7%, or -71c to $5.95.
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TR | Hot Stocks10:00 EDT Tootsie Roll rises 6.1% - Tootsie Roll is up 6.1%, or $1.81 to $31.60.
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CCL | Hot Stocks10:00 EDT Carnival rises 6.8% - Carnival is up 6.8%, or $1.11 to $17.50.
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UNP | Hot Stocks10:00 EDT Union Pacific: Q2 has had 'little bit more minuses than pluses' - Says Q2 has been more challenging than Q1. Says still pushing to achieve third consecutive quarter of sequential operating ratio improvement. Sees having strong operating ratio improvement. Comments taken from Bank of American London Conference.
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PHIL | Hot Stocks10:00 EDT PHI Group files provisional patent application for multi-impulse energy system - PHI Group announced that a Provisional Patent Application has been filed with the United States Patent and Trademark Office, Application Number #63/655,846; Docket # 24RMA07, for a new and useful invention entitled "MULTI-IMPULSE ENERGY SYSTEM." The requirements of law have been complied with, and therefore, the invention disclosed in the above referenced U.S. provisional patent application is legally "Patent Pending" within the United States of America.
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CUK | Hot Stocks10:00 EDT Carnival plc rises 6.7% - Carnival plc is up 6.7%, or 98c to $15.65.
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MLGO | Hot Stocks09:58 EDT MicroAlgo Inc trading resumes
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WMT | Hot Stocks09:58 EDT Walmart down 3% to $66.86 after CFO comments on Q2 comps
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MLGO | Hot Stocks09:53 EDT MicroAlgo Inc trading halted, volatility trading pause
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WK | Hot Stocks09:50 EDT Workiva enters strategic partnership with CrossCountry Consulting - CrossCountry Consulting announced a strategic partnership with Workiva. Through this partnership, CrossCountry will be able to utilize their deep expertise in financial reporting, governance, and risk with Workiva's solution to meet the challenging regulatory and reporting demands its clients face.
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PNR | Hot Stocks09:48 EDT Pentair falls -6.3% - Pentair is down -6.3%, or -$5.01 to $74.99.
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HAYW | Hot Stocks09:48 EDT Hayward falls -7.6% - Hayward is down -7.6%, or -$1.02 to $12.40.
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OMI | Hot Stocks09:47 EDT Owens & Minor falls -16.0% - Owens & Minor is down -16.0%, or -$2.59 to $13.58.
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FBLG | Hot Stocks09:47 EDT FibroBiologics reports preliminary proof of concept for thymus organoid tech - FibroBiologics announced the development of a novel artificial thymus organoid that can restore immune function in a severe combined immunodeficiency mouse model. The organoid, composed of fibroblasts and thymus derived cells, is capable of generating mature and diverse T cells, including CD4, CD8, and regulatory T cells, in vitro and in vivo. FibroBiologics intends to develop this technology as a subcutaneous injection of an allogeneic fibroblast-based organoid to restore thymus function lost due to age-related natural thymus involution, and for a rapid restoration of the immune system in patients who have gone through chemotherapy.
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MFG | Hot Stocks09:47 EDT Mizuho Financial Group rises 3.5% - Mizuho Financial Group is up 3.5%, or 14c to $4.09.
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TRON | Hot Stocks09:47 EDT Corner Growth Acquisition Corp 2 trading resumes
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MDV | Hot Stocks09:47 EDT Modiv rises 4.7% - Modiv is up 4.7%, or 67c to $14.97.
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SKE | Hot Stocks09:47 EDT Skeena Resources rises 5.1% - Skeena Resources is up 5.1%, or 23c to $4.75.
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HPH | Hot Stocks09:45 EDT HPH announces Puyi Fund assets under advice surpass RMB 24B - Highest Performances Holdings announces that its Puyi Fund's assets under advice for its asset allocation services reached RMB 24.7 billion as of June 21, 2024, reflecting a remarkable year-on-year growth of 188%. This substantial increase in scale showcases significant growth for the fund. The company said, "This accomplishment is primarily attributed to the Puyi Fund's service philosophy, 'long-term commitment to clients and clients' long-term benefits," introduced in 2023, as well as the ongoing efforts of the Company in adjusting its product strategy and embracing digital transformation. On one hand, the Company implemented a comprehensive family wealth management account system, redirecting its flagship products towards fixed-income funds and fund portfolios to enhance clients' perception of wealth acquisition. On the other hand, the Company has elevated its overall service standard through digital transformation, greatly improving the client's investment experience."
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CME | Hot Stocks09:41 EDT CME Group U.S. Credit Futures exceed 400 contracts in first week of trading - CME Group announced that its new U.S. Credit futures have traded 415 contracts since their launch on June 17. "In just one week since launch, our credit futures are generating strong trading activity as clients turn to more capital efficient ways to manage their duration risk and U.S. credit exposure," said Agha Mirza, CME Group Global Head of Rates and OTC Products. "These products have already provided bid-offer spreads lower than 0.1% of index points, as well as offered access to an anonymous, centralized marketplace with significant potential margin offsets."
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RGS | Hot Stocks09:41 EDT Regis trading resumes
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CETY | Hot Stocks09:40 EDT Clean Energy affiliate receives air quality permit from Vermont DEC - Clean Energy Technologies announced that Vermont Renewable Gas, an affiliate of CETY in which CETY indirectly retains 49% ownership interest, has received a Permit to Construct and Operate from the Vermont Department of Environmental Conservation's Air Quality and Climate Division. Effective immediately, the permit allows VRG to construct and operate its proposed Vermont Renewable Gas - Lyndon facility, a 2.2 MW biogas generation facility under development in Lyndonville, Vermont.
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EPOW | Hot Stocks09:39 EDT Sunrise New Energy secures order from Times Geely - Sunrise New Energy announced the acquisition of a significant new client, Times Geely Power Battery, which will commence with a substantial monthly order of 300 tons of anode materials for power batteries. Times Geely is a joint venture between CATL and Zhejiang Geely Holding Group.
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WLFC RTX | Hot Stocks13:38 EDT Willis Lease reports deal with Pratt & Whitney for up to 15 engine purchases - Willis Lease Finance Corporation (WLFC) announced that it has finalized a deal with Pratt & Whitney, a division of RTX Corporation (RTX), for the purchase and leaseback of up to fifteen Pratt & Whitney PW1100G-JM GTF aircraft engines, with all purchases expected to occur by December 31, 2024. Pratt & Whitney's GTF engine offers up to 17% lower fuel consumption, is certified for operation on 50% Sustainable Aviation Fuel and has been successfully tested on 100% SAF. The transaction is valued at $363.9M, according to Pratt & Whitney's list prices for the year 2024. "We are pleased to be supporting P&W and their customers with another innovative transaction," said CEO Austin C. Willis. WLFC completed a purchase and leaseback transaction of 25 GTF engines with Pratt & Whitney in early 2021. "By providing efficient capital, while integrating our strategically aligned aftermarket service offerings, we continue to grow our portfolio, investing in more environmentally friendly engines," shared Mr. Willis. "This effort supports our commitment to decarbonizing commercial aviation in line with our SAF initiative and we look forward to discussing this as well as our performance in our second quarter earnings call in early August."
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TEM UTHR | Hot Stocks13:37 EDT Tempus AI, United Therapeutics collaborate to study use of AI to detect PH risk - Tempus AI (TEM) announced a new collaboration with United Therapeutics (UTHR). As part of this collaboration, Tempus will develop and investigate AI-based medical device software to detect patients at risk of having undiagnosed pulmonary hypertension. PH is a fatal, progressive disease of the heart and lungs that affects approximately 1% of the population. Despite an increasing number of available treatments for the disease, the detection or clinical diagnosis of PH is typically delayed for 2 or more years. To help solve this critical problem, Tempus built an algorithm that automatically analyzes the results of a 12-lead electrocardiogram to identify patients at risk of undiagnosed PH to be further evaluated by clinicians. The initial findings from this work were recently presented at the American Thoracic Society International Conference in San Diego, California on May 22, 2024. Tempus' research and development program will leverage Tempus Next, the company's AI-enabled care pathway intelligence solution, to facilitate the deployment of the algorithm at participating centers. Clinicians will evaluate its ability to detect patients at risk of undiagnosed PH, and to track clinical outcomes of patients who are identified for further evaluation, within a prospective clinical study at up to 60 centers. Tempus and UT plan to collaborate on this study to investigate the clinical impact of this technology and gain new insights into the detection and diagnosis of PH. Tempus expects to engage with the Food and Drug Administration to align on regulatory requirements and FDA expectations regarding validation of this novel AI-based algorithm.
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WMT | Hot Stocks09:37 EDT Walmart CFO says Q2 'won't be like the first quarter' from comp perspective - John Rainey, CFO of Walmart, stated while presenting at the Bank of America London Investor Conference, according to a transcript of the event: "The last quarter was very telling, Robbie. We saw, again, twice the rate of operating growth that we saw on the top line. And I think well in excess of what many expected. But I think it's a glimpse into the future of how we can perform. Not every quarter is going to be as good as the last quarter and certainly the quarter that we're in, the second quarter, we said is our most challenging quarter from the comp perspective for the year. So it won't be like the first quarter, but when everything is working well and we're executing and doing the things that we can and controlling what we can control, you can see that kind of performance. And so, I'm very optimistic about the future and the plan that we have."
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KSCP | Hot Stocks09:37 EDT Knightscope announces renewal of K5 contracts by two clients - Knightscope announced that two more clients have renewed contracts for their K5 Autonomous Security Robot service. A commercial real estate property in California renewed for the third year, and a healthcare provider in New York renewed for a second year, Knightscope said.
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RGS | Hot Stocks09:36 EDT Regis trading halted, volatility trading pause
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TYL | Hot Stocks09:33 EDT Tyler Technologies opens new manufacturing facility in Kingston Springs - Tyler Technologies announced the grand opening of its new manufacturing facility in Kingston Springs, Tennessee, to support the growth of its Enterprise Corrections software, including administration, financial management, communications, and re-entry solutions.
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X | Hot Stocks09:32 EDT U.S. Steel releases 2023 Sustainability Report - United States Steel Corporation released its 2023 Sustainability Report titled "The Future of Steel", highlighting the company's leadership in producing visionary solutions that benefit all stakeholders. The report outlines U. S. Steel's strategic plans, investments and progress in reducing its carbon footprint, inspiring innovation, empowering its people and more, including its work toward achieving its goal of net-zero greenhouse gas emissions by 2050. Notably, the report highlights how U. S. Steel progressed or established multiple partnerships with energy and technology companies, government agencies, non-profits, and universities to work on emissions reduction and developing carbon capture and utilization projects.
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FROG | Hot Stocks09:32 EDT JFrog to acquire Qwak AI to streamline AI models - JFrog announced it has entered into a definitive agreement to acquire Qwak AI, creators of the AI and MLOps platform. With the acquisition, JFrog aims to offer a unified and scalable solution for DevOps, Security, and MLOps stakeholders. This advanced, industry-leading MLOps functionality is designed to free data scientists and developers from infrastructure concerns, accelerating the creation and delivery of AI-powered applications. JFrog is the single system of record for all software packages, including models stored in Artifactory. Enhancing its machine learning model capabilities will enable users to streamline models from development to deployment.
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TRON | Hot Stocks09:32 EDT Corner Growth Acquisition Corp 2 trading halted, volatility trading pause
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H | Hot Stocks09:31 EDT Hyatt expands brand presence in New Orleans with two new hotels - Hyatt Hotels Corporation announced the expansion of Hyatt's brand presence in New Orleans with Maison Metier and The Barnett, which have joined the Hyatt portfolio as affiliated hotels. The hotels are expected to join Hyatt's Independent Collection of brands and participate in the World of Hyatt loyalty program this year. The two properties are owned by The Domain Companies and managed by HRI Hospitality.
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FTDR | Hot Stocks09:30 EDT Frontdoor signs exclusive agreement with Moen - Frontdoor announced it has signed an exclusive agreement with Moen to install its Flo Smart Water Monitor and Shutoff, a water shut-off valve, for customers in California who purchase Flo as part of certain marketing programs with home insurance providers. Shut-off valves are now required by selected insurance providers in California and around the United States.
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DLPN CROX | Hot Stocks13:30 EDT The Digital Dept. selected by Crocs to execute influencer program - The Digital Dept. announced its selection by Crocs to execute a comprehensive influencer strategy for Crocs' latest product line, the Getaway Sandals. Through their work with brands like Crocs and other major companies, The Digital Dept. solidifies its position as a key player in the $24 billion influencer marketing industry. This full-funnel marketing approach for Crocs Getaway Sandals leveraged influencers to drive engagement across both paid and earned channels. The campaign ran from April to June 2024, and upon completion, the Crocs S2 Getaway Sandals influencer program successfully garnered more than 5 million impressions, a reach of 3.9 million, 248,000 engagements, and over 13,000 link clicks.
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PEGY | Hot Stocks09:28 EDT Pineapple Energy urges shareholders to vote for upcoming meeting - Pineapple Energy encourages its shareholders to participate actively in the upcoming meeting of shareholders scheduled on July 1, 2024. The Board of Directors emphasizes the importance of this shareholders' vote, specifically so that the company can achieve quorum to hold its annual meeting. Please vote even if you no longer own the shares but were a shareholder of record on the record date of May 23, 2024. Failure to secure quorum will result in the company being unable to hold its annual meeting which it needs to conduct important business matters such as the election of directors to the Company's board of directors, to ratify the appointment of the Company's independent registered public accounting firm and other matters critical to the company remaining listed on Nasdaq.
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RVSN | Hot Stocks09:27 EDT Rail Vision receives $200K follow-on order from rail and leasing services firm - Rail Vision announced a follow-on order from one of its customers, a leading US-based rail and leasing services company. The Company announced at the beginning of 2024, it has signed a contract valued at up to $5M for ShuntingYard products. In April 2024, Rail Vision received an initial purchase order amounting to approximately $1 million as part of the contract, with the additional $4 M of follow-on orders subject to customer approval. The current follow-on order, in the amount of approximately $200,000, is in addition to the existing contract, and refers to additional services requested
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CING | Hot Stocks09:27 EDT Cingulate achieves manufacturing milestone in CTx-1301 development - In alignment with U.S. Food and Drug Administration requirements, Cingulate has completed the manufacturing of its twelve registration batches for its lead asset CTx-1301 for the treatment of Attention Deficit Hyperactivity Disorder. Registration batches are required by the U.S. Food and Drug Administration to be manufactured before submitting a new drug application using the actual equipment, dosage strengths and procedures that will be used to commercialize the drug product candidate. Cingulate, which recently announced it had received confirmation from and agrees with the FDA on the requirements necessary for filing an NDA for CTx-1301, has begun NDA preparation and expects to submit its application in the first half of 2025.
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TZUP | Hot Stocks09:25 EDT Thumzup welcomes Chip Cookies to AdTech platform - Thumzup Media Corporation welcome dChip Cookies, located at 10716 Jefferson Blvd, Culver City, as one of its most recent advertising partners on its proprietary social media AdTech platform. Chip Cookies recently opened up Culver City in March 2024. Each week, the menu features a variety of cookie flavors on rotation. Those seeking warm, homemade cookies now have the unique opportunity to earn money by sharing about their experience through the Thumzup app.
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JAMF | Hot Stocks09:24 EDT Jamf Holding authorized as CVE Numbering Authority - Jamf announced it has been authorized by the CVE Program as a CVE Numbering Authority. CVE is an international, community-based effort with a mission to identify, define and catalog publicly disclosed cybersecurity vulnerabilities.
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LZ | Hot Stocks09:23 EDT LegalZoom partners with BusinessLoans.com - LegalZoom.com is announcing its newest partnership with BusinessLoans.com to provide more streamlined access to capital for small business owners. BusinessLoans.com, positioned as a marketplace across lenders, provides small businesses with options such as secured loans, business credit cards, and credit-building products tailored to their stage, all within the LegalZoom platform. By focusing on credit-building strategies, BusinessLoans.com helps enhance personal and business credit profiles, enabling entrepreneurs to secure essential funding and build a solid credit foundation for future funding and growth opportunities. Each product is designed to meet the unique needs of small businesses, ensuring they have access to the financial resources necessary for success and expansion. Through the embedded partnership, customers can launch a BusinessLoans.com application that will match them with funding options available without having to leave the LegalZoom site. In addition, LegalZoom's simplified questionnaire and guided process delivers a customized experience that makes it easy for customers to save time and improve accuracy.
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GTLB | Hot Stocks09:22 EDT GitLab achieves FedRAMP 'In Process' designation - GitLab has achieved "In Process" designation at the Moderate impact level from the Federal Risk and Authorization Management Program. The FedRAMP program promotes the adoption of secure and compliant cloud services across the federal government. The authorization process includes an in-depth examination of GitLab's data security and data governance capabilities and the security practices of its cloud services. GitLab is now listed in the FedRAMP Marketplace and continues to work toward achieving the FedRAMP "Authorized" designation.
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HOV | Hot Stocks09:21 EDT Hovnanian announces credit rating upgrade from Moody's - Hovnanian Enterprises announced that Moody's Ratings has upgraded Hovnanian's corporate family rating to B2 from B3. In a press release issued on June 24, 2024, Moody's cited an improvement in the company's leverage profile through solid operating performance and growth in net worth, as well as through the recently completed debt exchange transaction. Moody's outlook for Hovnanian remains stable.
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ULY | Hot Stocks09:20 EDT Urgently launches yield-based pricing across Service Provider Network - Urgent.ly announced the launch of next-generation yield-based pricing across its Service Provider Network. This AI-driven dynamic pricing technology makes it possible to reliably predict and optimize job prices for roadside assistance services, leading to higher-quality customer outcomes. Real-time yield-based pricing allows Urgently to better manage surges in roadside assistance demand, similar to surge pricing used by ride-hail services.
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CBT | Hot Stocks09:20 EDT Cabot details sustainability performance in 2024 Sustainability Report - Cabot Corporation published its 2024 Sustainability Report, which details the progress it has achieved on advancing its sustainability objectives. "As we continue to make advancements toward a lower carbon future, we recognize the critical importance in reducing the GHG emissions across our entire value chain, and that starts with understanding where the opportunities are," said Martin O'Neill, senior vice president, Safety, Health and Environment and Government Affairs; chief sustainability officer. "In 2023, we completed a comprehensive inventory of our Scope 3 GHG emissions, while making great progress on our 2025 GHG Scope 1 and Scope 2 intensity reduction goal."
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AVGO | Hot Stocks09:20 EDT Broadcom unveils innovations for VMware Cloud Foundation - Broadcom unveiled the latest updates to VMware Cloud Foundation, the company's flagship private cloud platform. The latest advancements in VCF support customers' digital innovation with faster infrastructure modernization, improved developer productivity, and better cyber resiliency and security with low total cost of ownership. "VMware Cloud Foundation is the industry's first private-cloud platform to offer the combined power of public and private clouds with unmatched operational simplicity and proven total cost of ownership value," said Paul Turner, Vice President of Products, VMware Cloud Foundation Division, Broadcom. "With our latest release, VCF is delivering on key requirements driven by customer input. The new VCF Import functionality will be a game changer in accelerating VCF adoption and improving time to value. We are also delivering a set of new capabilities that helps IT more quickly meet the needs of developers without increasing business risk. This latest release of VCF puts us squarely on the path to delivering on the full promise of VCF for our customers."
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DSP | Hot Stocks09:19 EDT Viant expands carbon measurement capabilities with Cedara - Viant Technology announced a strategic integration with the carbon intelligence platform Cedara. This partnership aims to provide comprehensive carbon measurement capabilities for advertisers as well as for Viant's own corporate emissions. This integration marks the latest advancement for Viant's flagship sustainability program, Adtricity, enabling advertisers to drive improved carbon efficiency through Viant's platform.
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MNY | Hot Stocks09:19 EDT MoneyHero appoints Steve Teichman to board of directors - MoneyHero Limited announced the appointment of Steve Teichman to its Board of Directors, effective immediately. Mr. Teichman currently serves as Counsel of Pacific Century Group.
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CCL | Hot Stocks09:18 EDT Carnival sees Q3 adjusted EBITDA up 20% y-o-y to $2.66B - Sees Q3 adjusted net income up 35% y-o-y to $1.58B.
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PEBK | Hot Stocks09:18 EDT Peoples Bancorp board authorizes $2M stock repurchase plan - Peoples Bancorp of North Carolina Board of Directors has authorized a stock repurchase program, whereby up to $2 million will be allocated to repurchase the Company's common stock. At March 31, 2024, the Company had assets of $1.7 billion and stockholder's equity of $121.1 million.
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CCL | Hot Stocks09:18 EDT Carnival sees 2024 adjusted EBITDA up 40% y-o-y to $5.83B - Sees 2024 adjusted net income $1.55B.
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WYY | Hot Stocks09:16 EDT WidePoint awarded $254M ceiling increase in DHS IDIQ contract - WidePoint announced that the U.S. Department of Homeland Security has increased the ceiling of the Cellular Wireless Managed Services 2.0 Indefinite Delivery/Indefinite Quantity contract from $500 million to $754 million, an increase of $254 million. All other terms and conditions of the CWMS 2.0 contract remain unchanged. The contract includes managed services; WidePoint's proprietary Intelligent Technology Management System platform for device ordering and asset management; cellular wireless equipment and devices; cellular and data service; Mobile Device Management; project management; services to enhance in-building cellular coverage; 24x7 service desk support and other optional services. Together, these services provide DHS and all its major component agencies with streamlined logistics, standardized reporting, a robust means of providing wireless devices and services, and invoicing processing.
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NUWE | Hot Stocks09:16 EDT Nuwellis announces granting of USPTO patent for CRRT, Vivian - Nuwellis announced the recent grant of a new patent from the United States Patent and Trademark Office USPTO related to its groundbreaking pediatric continuous renal replacement therapy CRRT , Vivian . This patent covers critical advancements that will significantly improve the performance and user experience of Vivian. This is the second of several forthcoming patents for Vivian, underscoring Nuwellis' commitment to development of novel technology designed to improve treatment options for critically ill children.The patent claims, include self-centering fluid bag hangers and density compensation mechanisms for enhanced accuracy in fluid management. Ease of use is increased with self-sealing access ports for easy configuration of various dialysis modes, streamlining the treatment process. Additionally, reliability is boosted by a temperature-adjusting auto-clamp that ensures secure seals, reducing the risk of leaks and enhancing overall system dependability. "We are thrilled to announce the issuance of this patent, which represents a significant milestone in the development of our pediatric continuous renal replacement therapy, Vivian," said Nestor Jaramillo, President and Chief Executive Officer at Nuwellis. "These innovations not only reinforce our position as a leader in fluid management solutions but also highlight our dedication to advancing technology that can make a real difference in the lives of thousands of pediatric patients across the U.S. Our focus on increased accuracy, ease of use, and reliability will help ensure that children receiving critical care have access to the best possible treatment options."
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ENSC | Hot Stocks09:15 EDT Ensysce Biosciences announces partnership with Purisys for PF9001 - Ensysce Biosciences announced an agreement with Purisys to scale the manufacture of the Company's lead opioid use disorder drug candidate. PF9001, as recently announced, is a novel agent developed with Ensysce's unique TAAP technology to treat OUD that will potentially decrease the cardiovascular side effects associated with methadone. Purisys brings experience with established manufacturing expertise specializing in commercial scale supply of complex synthetic compounds specifically in controlled substance chemistry.
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IGC | Hot Stocks09:14 EDT IGC Pharma's TGR-63 preclinical results show reduction in amyloid plaque - IGC Pharma announced encouraging preclinical results in an Alzheimer's mouse model demonstrating the potential of the Company's therapeutic candidate, TGR-63, to combat Alzheimer's disease. In a mouse model of Alzheimer's, TGR-63 treatment led to a substantial reduction of amyloid plaque. Compared to untreated mice, TGR-63 treatment reduced plaque deposits by 78% in the cortex, a critical brain region for memory and cognition, and by 85% in the hippocampus, which plays a central role in learning and memory. These findings suggest TGR-63's potential to slow or even reverse the progression of Alzheimer's disease.
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NLSP | Hot Stocks09:14 EDT Nasdaq panel grants NLS Pharmaceutics' request for compliance extension - NLS Pharmaceutics received notice from the Nasdaq Hearings Panel of The Nasdaq Stock Market that it has granted the Company an extension to regain compliance with the continued listing requirements for The Nasdaq Capital Market, as discussed more fully below. Subject to the Company meeting certain financial, share price and other requirements by September 3, 2024 and October 14, 2024, the Panel granted the Company an extension until October 14, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 of the Company's common shares, and Nasdaq Rule 5550(b)(1), which requires a minimum of $2,500,000 of stockholders' equity, or satisfy any of the alternative requirements in Listing Rule 5550(b). As previously disclosed by the Company, on April 17, 2024, NLS received a determination letter from the staff of the Listing Qualifications Department of Nasdaq notifying the Company of the Staff's determination that, unless the Company timely requests a hearing before the Panel, the Company's securities would be subject to delisting from The Nasdaq Capital Market due to the Company's failure to maintain at least a $1 bid price per share over the course of 30 consecutive business days, as set forth in Nasdaq Listing Rule 5550(a)(2). In addition, on May 22, 2024, the Company received an additional determination letter from the Staff notifying the Company that it did not comply with the minimum $2,500,000 stockholders' equity requirement for continued listing set forth in Listing Rule 5550(b), and that the additional delinquency may serve as a separate basis for the delisting of the Company's securities from Nasdaq. The Company requested a hearing with the Panel. A hearing on the matter was held on June 4, 2024, where the Company presented its compliance plan.
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MAT | Hot Stocks09:13 EDT Mattel says 80% of games portfolio will be colorblind accessible by end of 2024 - Mattel announced that 80 percent of its global games portfolio will be colorblind accessible by the end of the year, and 90 percent in 2025, as part of its commitment to create more inclusive play experiences. This shift will include the UNO brand, and many more such as Phase 10, DOS, Blokus, and Tumblin' Monkeys games.
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CHGG | Hot Stocks09:11 EDT Chegg expands leadership team with appointment of Mason as CBO - Chegg announced the appointment of Chris Mason as Chief Business Officer, CBO. In his expanded role, Mason will drive Chegg's growth strategy, business operations, strategic partnerships, and international expansion, further helping to position Chegg as a global leader in online education.
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HYPR | Hot Stocks09:11 EDT Hyperfine announces two presentations at AAIC - Hyperfine announced that two presentations on the clinical utility of portable ultra-low-field MRI for Alzheimer's disease monitoring have been accepted in the developing topics poster sessions at the upcoming 2024 Alzheimer's Association International Conference, AAIC, July 28-August 1 in Philadelphia. "With the recent developments in Alzheimer's therapies and care, the medical community has shown tremendous interest in incorporating portable ultra-low-field MR brain imaging into the continuum of care for Alzheimer's patients, taking advantage of the system's versatility to scan in diverse professional care settings. We are very excited to be attending the AAIC conference for the first time this year in Philadelphia," said Maria Sainz, President and CEO of Hyperfine.
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INTA | Hot Stocks09:10 EDT Argonaut Private Equity selects Intapp to improve personal trading oversight - Intapp announces that Argonaut Private Equity has selected Intapp Employee Compliance to monitor, identify, and manage employee adherence to firm code of ethics and conflicts of interest policies.
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GWH | Hot Stocks09:10 EDT ESS's iron flow batteries selected by Indian Energy, CEC - ESS Tech announced that it will participate in the Rapid Integration and Commercialization Unit, RICU, at Marine Corps Air Station Miramar. The RICU is a living laboratory for testing how leading LDES technologies can be integrated into utility-scale microgrid applications. The RICU is a venture between Indian Energy, the California Energy Commission, CEC, and the Department of Defense, DOD, to validate LDES technologies. Phase 2 of research at the RICU was funded by the CEC in May 2024 through a $4.85M agreement between the CEC and Indian Energy to demonstrate the diverse capabilities of LDES technologies. The partnership with Indian Energy lays the foundation for deployment on CEC grants and DOD installations.
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UBER BGOPF | Hot Stocks13:09 EDT Uber joins Digital Vending Machine from Bango - Bango (BGOPF) announces a strategic partnership with Uber (UBER) to expand the reach of its membership program, Uber One, by enabling bundling and Super Bundling partnerships around the world. Launching in the United States, Uber One will be available to bundle with mobile phone and broadband plans, and as an add-on through the Digital Vending Machine from Bango. This strategic move helps Uber to expand its subscriber base by opening-up indirect channels worldwide, to grow its 19 million strong membership base. Uber One offers users exclusive benefits such as discounted rides and deliveries, with monthly memberships available for $9.99 and annual memberships for $96. Uber One also includes partnerships with third-party offers, such as discounted memberships to eligible users. Members enjoy perks including a $0 Delivery Fee plus up to 10% off eligible deliveries and orders, as well as 6% Uber Cash on eligible rides. By joining the Bango DVM Uber can establish direct relationships with telcos and other reseller partners with ease, enabling Uber One to be included in Super Bundling content hubs and other bundled offers. The DVM(TM) handles all the intricacies involved in resellers creating and managing subscription bundles and targeting offers that include Uber One such as free trials, multi-bundle deals and discounts.
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MET | Hot Stocks09:09 EDT MetLife, GeoBlue announce they will offer joint solution - MetLife and GeoBlue announced they will offer a full suite of expatriate benefit products in a best-in-class single solution, Globaline. Globaline brings together health coverage and services from GeoBlue - including medical, dental, vision, prescription, wellness, international employee assistance program and political and natural disaster assistance - and life, accidental death & dismemberment and long term disability coverage from MetLife Worldwide Benefits, including value-added services, such as grief counseling, will preparation & digital estate planning and estate resolution.
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MAPS | Hot Stocks09:08 EDT Weedmaps, BLAZE partner to launch global cannabis product catalog - Weedmaps and BLAZE announced their strategic partnership that integrates Weedmaps' product database with BLAZE, creating a Global Product Catalog for BLAZE's point-of-sale and e-commerce menus. By connecting BLAZE with Weedmaps' catalog of more than 340,000 unique products, retailers have a reduced need for the manual entry of product data, resulting in greater operational efficiency, accurate and consistent information, and a better consumer shopping experience.
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BSFC | Hot Stocks09:08 EDT Blue Star Foods secures land-based aquaculture license renewal - Blue Star Foods has been granted an extension renewal for the land-based aquaculture license thru 2033. All parts of this license are issued under the authority of the Fisheries Act and confer, subject to provisions of the Fisheries Act and Regulations made there under, the authority to carry out aquaculture activities including cultivation and harvest of fish. The license renewal encompasses the Taste of BC Aquafarms located at 2948, 2930 and 2934 Jameson Road. The aquaculture license covers white sturgeon, coho salmon, chinook salmon and rainbow trout.
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SERKF ABNB | Hot Stocks13:07 EDT Serko appoints Holyoke as Head of Unmanaged Travel - Serko (SERKF) announced the appointment of David Holyoke as Head of Unmanaged Travel, to take effect on July 1st. Holyoke was most recently Head of Commercial Strategy at Airbnb (ABNB)
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NN VZ | Hot Stocks13:07 EDT NextNav appoints Nicola Palmer to board of directors - NextNav (NN) announced the appointment of Nicola Palmer to its Board of Directors effective June 24, 2024. Palmer has also been appointed as a member of the Audit Committee of the Board. Following this appointment, the Board is now comprised of seven directors. As Chief Product Officer of Verizon (VZ), Palmer led the organization's broad technical capabilities and assets to innovate, develop, and rapidly deliver a portfolio of products and services for customers of all Verizon businesses and oversaw the identification, development, acquisition, and application of new technologies to advance network capabilities.
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TTOO | Hot Stocks09:07 EDT T2 Biosystems expands through Hong Kong and Macau distributor - T2 Biosystems announced the execution of a territory exclusive distribution agreement in Hong Kong and Macau. Under the terms of the agreement, T2 Biosystems will sell the T2Dx Instrument, the T2Bacteria Panel, the T2Candida Panel, and the T2Resistance Panel through the newly appointed distributor. The execution of this exclusive distribution agreement further expands T2 Biosystems' commercialization in the Asia Pacific region. A 2023 study found that sepsis contributed to one in four adult deaths in Hong Kong. The study also found that adult sepsis incidence and mortality in Hong Kong has increased over the last decade. A 2024 study found that detection rates of sepsis-causing Methicillin-Resistant Staphylococcus aureus or MRSA, has been higher in Macau than mainland China and Europe. The Macau-based authors concluded by emphasizing the importance of tailored proactive management and control of this sepsis-causing pathogen in the region. The introduction of the T2Dx Instrument and sepsis panels into Hong Kong and Macau will allow rapid detection of certain sepsis-causing pathogens and antibiotic resistance genes, in hours instead of days, enabling clinicians to achieve targeted therapy, faster.
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VRRM | Hot Stocks09:07 EDT Verra Mobility, Hayden AI announce partnership - Verra Mobility and Hayden AI announced a partnership to offer next-generation technology solutions to customers across the U.S. Together, the two companies will deliver a seamless technology platform designed to improve road safety, sustainability, and public transit reliability and accessibility. The partnership will leverage Hayden AI's mobile perception technology and Verra Mobility's customer integration experience to provide cities and transit agencies with a best-in-class program for automated bus lane, bike lane, bus stop, and double-parking enforcement solutions.
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DDC BACK | Hot Stocks13:06 EDT DDC Enterprise appoints Jeffrey Ervin as co-CFO - DDC Enterprise (DDC) announced that Jeffrey Ervin, has been named Co-CFO, effective immediately. Mr. Ervin will initially be focused on leveraging his background in U.S. capital markets to oversee the financial controls, reporting requirements, and aid in investor engagement for DayDayCook. Ervin has more than 20 years of experience in senior corporate and financial roles. Most recently he was the Chairman and CEO of IMAC Holdings (BACK).
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SHOT | Hot Stocks09:05 EDT Safety Shot announces strategic partnership with Chip Quigley, Ari Freedman - Safety Shot proudly announces a strategic partnership with Chip Quigley, founder and CEO of Kingdom Entertainment Group, and Ari Freedman, a seasoned executive from Surge Brands, to advise across the brand's marketing and events, and brand development and distribution respectively.
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TDC... | Hot Stocks13:05 EDT Teradata collaborates with Google Cloud on enterprise-scale AI offerings - Teradata (TDC) today announced that it will offer Teradata VantageCloud Lake on Google Cloud (GOOGL), featuring updates that are designed to leverage the strengths of both Teradata and Google Cloud to deliver Trusted AI with the expertise, scale, and technology that enterprises require. Key components of VantageCloud Lake are Teradata's ClearScape Analytics and a connected ecosystem that, for the Google Cloud edition, includes seamless integrations with Google Cloud's robust AI technologies, Vertex AI platform, and Gemini models. The combination is expected to offer customers a modern data platform that excels in multiple types of AI, from scaling predictive AI initiatives to powering new generative AI use cases.
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GVP | Hot Stocks09:05 EDT GSE Systems awarded contracts by U.S. utility for over $700K - GSE Systems announced contracts worth more than $700K for the provision of services related to Flow Accelerated Corrosion - FAC - and Erosion programs for a large east-coast utility based in the U.S. Power plants must regularly carry out License Renewal activities to prepare for Subsequent License Renewals. Upgrades to the FAC and Erosion programs become necessary. The agreement requires GSE to carry out the specified Scope of Work from Fall 2024 to Spring 2030. GSE has been supporting this client since 2017 and is well-acquainted with the client's FAC procedures, protocols, locations, and staff members.
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NMTC | Hot Stocks09:05 EDT NeuroOne Medical announces human ablations completed with OneRF system - NeuroOne Medical Technologies announced that the OneRF Ablation System was recently used at a prestigious hospital located in Jacksonville, Florida to successfully complete five ablations in one patient.The patient was suffering from multifocal epilepsy, a condition whereby seizures are triggered from multiple areas of the brain. In this procedure, ten Evo sEEG electrodes, were placed in various locations of the patient's brain. Four electrodes identified problematic areas of the brain that were triggering seizures. Ablations were performed at the targeted areas using the temperature control safety feature, and two of these ablations occurred at different contacts on one electrode. Using the same electrodes, the successful ablations were confirmed by post ablation sEEG recordings demonstrating lack of brain activity at the point of tissue ablation. The procedure was performed at the patient's bedside saving both the time and cost of having to conduct the procedure in an operating room. "It was exciting for the Company to witness the first clinical ablations performed using the OneRF Ablation System. The ability to safely perform these procedures at the patient's bedside will reduce operating room time and cost, freeing up the operating room to conduct additional procedures," said Dave Rosa, CEO of NeuroOne. "We look forward to additional procedures utilizing the system with the goal of providing a safe therapy for patients to both monitor and ablate problematic brain tissue. In the future, the Company intends to leverage the OneRF generator with future FDA submissions for additional ablation applications."
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PUBM | Hot Stocks09:05 EDT PubMatic hires two executives for commerce media team - PubMatic announced the addition of two executives to its commerce media team. These strategic hires will play a crucial role in advancing PubMatic's Convert product and expanding its impact across the commerce media landscape. Tim Rogers, Vice President of Commerce Media, will report to Amar Goel, the company's Founder, Chairman, and CIO, and lead PubMatic's global commerce media strategy, focusing on revenue growth and strengthening the company's market position. Rogers brings more than twenty years of commercial leadership and innovation within advertising technology, previously serving as the SVP of Enterprise Go-To-Market Strategy at Criteo. Somesh Bindu, Vice President of Commerce Media Product Management, will report to Nishant Khatri, the EVP of Product Management. Bindu will serve as the Commerce Media Product leader, drive product strategy, and ensure strong execution across Convert and PubMatic's Commerce and Retail Media product portfolio. He brings extensive expertise from his product-focused leadership roles at Amazon Advertising and, most recently, Walmart Connect.
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TDUP TPR | Hot Stocks13:04 EDT ThredUP appoints Paransky to Board of Directors - ThredUp (TDUP) announced that Noam Paransky has been appointed to the company's Board of Directors. With more than 25 years of experience in digital retail innovation and omnichannel strategy, Paransky will advise ThredUp as the company transforms its business from a legacy resale marketplace to an AI-powered resale marketplace. Paransky currently serves as the Chief Omni and Innovation Officer at Tapestry (TPR)
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JTKWY ACI | Hot Stocks13:04 EDT Grubhub partners with Albertsons for nationwide grocery delivery - Grubhub (TKWY) and Albertsons Companies (ACI) have partnered to bring nearly 1,800 Albertsons Cos. stores to Grubhub's Marketplace for delivery including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, ACME and Tom Thumb. Availability is based on delivery locations through the Grocery section on the Grubhub app and website.
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VZ | Hot Stocks09:02 EDT Verizon Business, Monarch Tractor enter partnership for connectivity - Verizon Business and Monarch Tractor announce a strategic partnership to support more sustainable farming practices with the use of autonomous tractors all connected via Verizon's network. By harnessing Verizon's technology, Monarch Tractor enables its autonomous tractors to be connected even in remote agricultural landscapes. Unlike traditional broadband solutions, Verizon provides game-changing technology that connects homes and businesses seamlessly. This connectivity is ideal for remote locations and well suited for the vineyards and farmlands served by Monarch Tractor.
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MKL | Hot Stocks09:02 EDT Markel to acquire majority interest in Valor, terms not disclosed - Markel Group and Valor Environmental announced that they have entered into a definitive agreement for Markel Group to acquire a majority interest in Valor and its related operating companies. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024. Additional terms were not disclosed.
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DD | Hot Stocks09:02 EDT DuPont to acquire Donatelle Plastics - DuPont has signed an agreement to acquire Donatelle Plastics, a medical device contract manufacturer specializing in the design, development and manufacture of medical components and devices. The transaction is expected to close in Q3, subject to satisfaction of customary closing conditions and receipt of regulatory approvals. The acquisition of Donatelle Plastics Incorporated will bring complementary advanced technologies and capabilities including medical device injection molding, liquid silicone rubber processing, precision machining, device assembly, and tool building. Founded in 1967 and headquartered in New Brighton, Minnesota, Donatelle Plastics has a workforce of more than 400 employees and operates a facility located in a medical technologies hub near original equipment manufacturers.
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HG | Hot Stocks09:02 EDT Hamilton Global Specialty appoints O'Brien as Chief Actuary - Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, announced that Niamh O'Brien has been appointed as Chief Actuary, effective June 1, 2024. O'Brien reports to Wilfred Chin who was recently promoted to Group Chief Actuary at Hamilton.
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FAT | Hot Stocks09:02 EDT Fazoli's opens third Phoenix-area location in Glendale - Fazoli's announced its third opening in the greater Phoenix area. Located at 5825 W. Peoria Ave. in Glendale, the much-anticipated location features a fresh brand look and is now open and ready to serve its signature unlimited breadsticks and beloved pasta entrees.
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LPLA | Hot Stocks08:59 EDT LPL Financial: Danielle Qualls joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor Danielle Qualls has joined LPL Financial's broker-dealer, RIA and custodial platforms, teaming up with existing firm Bergkamp Financial. She reported having served approximately $160 million in advisory, brokerage and retirement plan assets and joins LPL from Stifel, Nicolaus and Co. A Kansas native, Qualls started her career in corporate accounting before making the switch to wealth management in 1999. She focuses on connecting with clients at a multigenerational level to develop financial strategies aimed at building family legacies. Looking to extend that collaborative approach to a team setting while enjoying the benefits of independence, Qualls turned to LPL to help find an established practice that fit her goals, clients and personality. This led her straight to women-led Bergkamp Financial.
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ECDA | Hot Stocks08:59 EDT ECD Automotive Design unveils the Beach Runner 2 - ECD Auto Design unveils its newest model, the Beach Runner 2. Coated in pink, the second vehicle from ECD's new beach and coastal living line demonstrates once again that show stopping classic vehicles and bold design style can complement each other perfectly. Based on a Land Rover Defender 110 platform, the Beach Runner 2 joins the ECD family as a bold and beautiful take on one of the company's newest product lines released just in time for summer. Drawing inspiration from the endless coastal drives where the sun meets the sea, the Beach Runner 2 emerges as an icon of individuality and luxury. Its striking pink exterior is painted in a Porsche Frozen Berries gloss coat providing an unmistakenly stylish statement.
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CCS | Hot Stocks08:57 EDT Century Communities announces new partnership with Kohler Co. - Century Communities is pleased to announce a new partnership with Kohler Co., equipping all new Century Communities homes with Kohler kitchen faucets, bathroom faucets, and shower heads for both of the company's homebuilding brands: Century Communities and Century Complete.
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BKTI | Hot Stocks08:52 EDT BK Technologies appoints Ellen O'Hara to board of directors - BK Technologies announced that Ellen O'Hara was elected to the Board of Directors by the Company's stockholders at the 2024 Annual Meeting of Stockholders on June 20, 2024. Most recently, from 2016 through 2021 she served as Chairman of the Board and Strategic Advisor to Zetron
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CRKN | Hot Stocks08:51 EDT Crown Electrokinetics announces commencement of work in Oregon - Crown Electrokinetics announced that its Crown Fiber Optics division has commenced work in Oregon. The new opportunity is made up of both fiber construction, and underground power infrastructure. Through multiple prime contracts, Crown expects this market to generate as much as $8 million in revenue in 2024, with the potential to reach $15 million in 2025. These prime contracts will consist of directional drilling, excavation, micro trenching, and splicing.
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HHS | Hot Stocks08:50 EDT Harte Hanks finalizes annuity purchase to terminate Qualified Pension Plan I - Harte Hanks announced the divestment and termination of its obligations related to Qualified Pension Plan I, effective as of August 2024. On June 18, 2024, Harte Hanks selected and signed formal commitment letters with Nationwide to provide pension benefits to its Plan I pension members, commencing as of August 2024. Nationwide's Pension Risk Transfer business leverages more than 60 years of annuity, defined benefit and risk management experience, as well as the company's outstanding financial strength, to serve a book with more than 450 contracts with a focus on personalized service and transition simplicity. Harte Hanks will continue to make payments to plan members through the end of July 2024. In accordance with the commitment letters with Nationwide, Harte Hanks made a one-time $6.1 million contribution to Plan I on June 20, 2024 and transferred $71.9 million of Plan I assets to Nationwide on June 24, 2024, thereby absolving Harte Hanks of all payment obligations under Plan I as of August 1, 2024. This annuity purchase completes Harte Hanks prior decision to terminate this pension plan, effective as of June 30, 2023.
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SHOT | Hot Stocks08:49 EDT Safety Shot announces partnership with Chip Quigley, Ari Freedman - Safety Shot announces a strategic partnership with Chip Quigley, founder and CEO of Kingdom Entertainment Group, and Ari Freedman, an executive from Surge Brands, to advise across the brand's marketing and events, and brand development and distribution respectively.
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GM | Hot Stocks08:49 EDT GM Defense to provide battery electric technology for future military platforms - GM Defense, a subsidiary of General Motors, announced that it is providing commercial battery electric technology in support of the University of Texas at Arlington Pulsed Power and Energy Laboratory and Naval Surface Warfare Center Philadelphia Division. The project, Evaluation of Electric Vehicle Batteries to Enable Directed Energy, or EEVBEDE, is funded by the Operational Energy Innovation office of the U.S. Department of Defense, through its Operational Energy Capability Improvement Fund. UTA PPEL will evaluate the technology to understand current capabilities of commercial automotive batteries under dynamic discharge and charge scenarios. "The team's evaluation of the technology will help provide pathways and options for domestically supplied energy storage for future use in military platforms," GM stated. "The Department of Defense can benefit from billions of dollars in GM investments to develop and manufacture transformative battery technologies. These technologies offer significant potential to enhance operational capability, whether at the tactical edge or on installations throughout the world. GM Defense welcomes the opportunity to support this important project and to help transition our global defense and government customers," added Steve duMont, president of GM Defense. Reference Link
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WLDS LNVGY | Hot Stocks12:48 EDT Wearable Devices announces results on Lenovo's XR Headset using Mudra tech - Wearable Devices announced demonstrations of its Mudra technology on Lenovo's ThinkReality XR headset, at the Augmented World Expo 2024. This demonstration with Lenovo's advanced extended reality hardware based on Qualcomm's Snapdragon Chipset and Spaces engine showcased the potential for enhanced user interaction and engagement. Attendees of AWE 2024 had the unique opportunity to experience the seamless integration of Wearable Devices' Mudra technology with Lenovo's ThinkReality headset. This integration leverages the advanced neural input technology developed by Wearable Devices to provide natural and intuitive control within XR environments, offering users a more immersive and interactive experience.
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RDZN | Hot Stocks08:47 EDT Roadzen's xClaim platform selected by Indian P&C insurer - Roadzen has been chosen to provide claims processing using its AI-powered xClaim product for the Indian Government-owned Oriental Insurance Company Ltd.
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AENT | Hot Stocks08:45 EDT Alliance Entertainment's popmarket partners with Tsuburaya Productions - Alliance Entertainment Holding announced a partnership with Tsuburaya Productions for the upcoming San Diego Comic-Con, July 25-28, 2024. Alliance Retail's popmarket e-commerce site will run the on-site retail operations at the ULTRAMAN booth on the main convention floor, offering collectibles, posters, and Blu-ray and SteelBook products for sale to attendees. The ULTRAMAN booth will feature products from Bandai, Nakatomi, and AEC's Mill Creek Entertainment division.
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M | Hot Stocks08:45 EDT Macy's announces the launch of Guy Fieri's cookware collection - Guy Fieri's launched his Flavortown Laser Titanium cookware collection at Macy's. The company said, "The collection created with flavor and style in mind was specifically designed with breakthrough, patented technology that offers consumers a non-stick cooking surface, manufactured without any of the potentially harmful chemical coatings that are used in traditional non-stick cookware. "
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AISP | Hot Stocks08:44 EDT Airship awarded contract extension within DOJ, no terms given - Airship AI Holdings has been awarded a contract extension within the Department of Justice DOJ for the Company's Acropolis Enterprise Sensor Management video and data management platform supporting emerging public safety and investigative requirements. "This award represents the critical nature of our Acropolis and Outpost AI platforms to the agency's daily operations investigating and countering threats to national security and the homeland," said Paul Allen, President of Airship AI. "The agency's continued trust in Airship AI to support its operations is a reflection of the strength of the platform as well as the internal team here at Airship AI dedicated to ensuring the agency's mission success. We take great pride in knowing that the products we put out into the marketplace are making a difference on a daily basis here and abroad."
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CMDXF | Hot Stocks08:44 EDT Computer Modelling Group, Kongsberg Digital launch CO2LINK - Computer Modelling Group announced that Kongsberg Digital and CMG have launched CO2LINK, a transformative simulator coupling that streamlines CO2 injection and storage processes. Spearheaded by industry software leaders CMG and Kongsberg Digital, the GELECO2 joint industry project was initiated in February 2022. The project unites a consortium of 12 energy companies and is supported by CLIMIT, Norway's national research program for carbon capture solutions. The partnership has resulted in the development of pioneering software, with the launch of CO2LINK, integrating Kongsberg Digital's advanced transient multiphase flow simulator, LedaFlow, with CMG's industry-leading software for complex subsurface hydrocarbon recovery and carbon storage, GEM.
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GXAI | Hot Stocks08:43 EDT Gaxos.AI completes development of AI solution for developers, publishers - Gaxos.ai announced that its gaming division, has completed development of its AI solution for game developers and publishers. The product has currently moved from initial development to closed beta and is being tested and used by independent developers of different experience levels and styles. The Company will work towards providing developers with improved usage and AI tools based on the closed beta and feedback.
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LRHC | Hot Stocks08:42 EDT La Rosa Holdings intends to white label proprietary AI system JAEME - La Rosa Holdings intends to white label its proprietary artificial intelligence system, JAEME. JAEME, part of La Rosa's My Agent Account, was launched in October 2023. It is a real estate AI assistant created to support and inspire real estate agents with personalized content to enhance marketing, efficiency, and sales. JAEME experienced a remarkable 92.6% increase in utilization from October 2023 to March 2024, demonstrating substantial growth in user engagement. This rise suggests that more individuals are actively using the system. The Company believes that this growth is driven by factors such as increased awareness, improved features, and effective marketing efforts, and indicates a growing user interest and stronger adoption of the system over time.
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DRTS | Hot Stocks08:41 EDT Alpha Tau publishes long-term safety, efficacy data in superficial cancers - Alpha Tau Medical announced the publication of an article entitled "Extended Follow-Up Outcomes from Pooled Prospective Studies Evaluating Efficacy of Interstitial Alpha Radionuclide Treatment for Skin and Head and Neck Cancers" in the journal Cancers, with further detail on data previously announced by the Company in August 2023. The publication was authored by clinical investigators from Israel, Italy and the United States. The aim of the analysis was to evaluate the long-term toxicity outcomes and disease control rates for patients treated with Alpha DaRT and followed for up to four years. In this pooled analysis of 81 treated head and neck, oral cavity and skin tumors from four clinical trials with a median follow-up of 14 months, the overall response rate was 99%, with a complete response observed in 89% of treated lesions, a 10% partial response rate, and one patient non-evaluable. Two-year local recurrence-free survival was 77%, and there were no grade 2 or higher late toxicities observed. Clinical variables, including recurrent versus non-recurrent lesions, baseline tumor size, or histology, did not impact long-term outcomes. The published results indicate that the Alpha DaRT treatment may provide tumor control even beyond the acute treatment period of short-term local responses, potentially leading to longer-term disease control. The lack of moderate or severe toxicities observed in this analysis is promising and suggests that Alpha DaRT may potentially offer an appropriate long-term treatment for these very difficult-to-treat cancers. Further follow-up and additional clinical studies are ongoing and will provide additional characterization of the safety and efficacy profile of Alpha DaRT.
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BOF | Hot Stocks08:39 EDT BranchOut Food to enter industrial food ingredients market - BranchOut Food will enter the industrial food ingredients market as part of its commercialization strategy. The global market for industrial food ingredients was valued at $335.32 billion in 2023, and is projected to reach approximately $511.33 billion by 2032, with a compound annual growth rate of 4.8%. Eric Healy, CEO of BranchOut Food, said, "We are excited to be entering the industrial food ingredients marketplace with BranchOut Food's high quality fruit and vegetable products. Our Consumer Packaged Goods customers have consistently highlighted a growing need for high quality, unique ingredients, and we look forward to being a trusted partner and supplier to these prominent national brands. We believe that BranchOut Food has a significant competitive advantage in this space, due to our proprietary technology and its ability to deliver innovative, new products that have not previously been possible, as well as our large-scale manufacturing facility in Peru. Our proximity to abundant fresh fruit and vegetables in Peru allows us the freedom to manage quality control and cost of goods ourselves." BranchOut Food is building out an internal Sales and Marketing team to pursue this channel
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CAPR | Hot Stocks08:37 EDT Capricor Therapeutics announces Pre-BLA meeting for CAP-1002 - Capricor Therapeutics announced that the U.S. Food and Drug Administration has scheduled a Pre-BLA meeting with the Company in the third quarter of 2024 for deramiocel, for the treatment of Duchenne Muscular Dystrophy. Capricor's goal for this meeting will be to finalize its BLA filing plans based on all currently available data as well as to work with the FDA to outline the rolling BLA submission timeline.
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TVGN | Hot Stocks08:37 EDT Tevogen publishes TVGN 489 data In Blood Advances - Tevogen Bio Holdings reports publication of its phase I clinical trial data of TVGN 489, its investigational allogeneic SARS-CoV-2 specific Cytotoxic CD8+ T lymphocytes, CTLs, immunotherapy by the journal Blood Advances. Interventional arm patients, totaling twelve high-risk individuals, 50% of whom were immunocompromised, and 40% of whom were immunocompromised due to preexisting cancers, received a single infusion of one of four escalating doses of TVGN 489, a product containing 68.5% SARS-CoV-2-specific CD8+ CTLs/total cells.Symptom improvement and resolution in treatment arm patients were compared to an observational group of eighteen patients who received standard care, making a total of 30 study participants. TVGN 489 was well-tolerated at all four doses tested.Nasal swab PCR data showed 88% or greater viral elimination in 92% of patients by day +4 and greater than 99% viral elimination in all patients by day +14. No progression of disease or the development of Long COVID was observed in the treatment group, despite the prevalence of immunocompromised patients.TVGN 489 did not interfere with the development of endogenous anti-SARS-CoV-2 humoral or cellular responses.T-cell receptor beta analysis comparing TVGN 489 responses derived from the CTL donor versus recipients showed persistence of donor-derived CTLs through the end of the 6-month follow-up period..."The full potential of T cell therapies has yet to be realized. We believe that our allogeneic, precision T cell technology platform, ExacTcell(TM), represents a significant scientific breakthrough with the potential to mainstream cell therapy, through a new class of off-the-shelf T cell therapies, manufactured and stored for immediate use, with diverse applications across virology, oncology, and neurology," said Ryan Saadi, CEO of
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LRE | Hot Stocks08:36 EDT Lead Real Estate enter business alliance agreement with Samurai Capital - Lead Real Estate has entered into a business alliance agreement with Samurai Capital Co., Ltd. an ESG-conscious real estate investment company also based in Tokyo. As per the agreement, which was signed on May 30, 2024, a trust beneficiary interest purchase agreement totaling approximately 4.1 billion Japanese yen, or about $26.1 million, was concluded.
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BNRG | Hot Stocks08:36 EDT Brenmiller Energy CEO issues letter to shareholders - Brenmiller Energy issued a shareholder update from its Chairman and Chief Executive Officer, Avi Brenmiller. " I am very happy to report that Brenmiller Energy has reached a point where our vision, for a world where renewable energy is plentiful and heat has no carbon footprint, is becoming a reality. As a result of our team's focused commitment, industry-leading research and development activities, and collaborations across several countries, we have deployed and are developing a combined 73 MWh of our pioneering bGen TES systems worldwide... I am especially thrilled to share that we have crystalized a new and innovative Heat as a Service business model that, we believe, will help mature our vision for TES technology and accelerate access to zero-emission heat for industrial power users. Through this approach, we will also have the ability to design, build, deploy, own, and operate our bGen thermal batteries at customer sites...The Tempo bGen is one of our most significant projects at this time. Our project with Tempo is proof that the tides are changing. We are seeing more and more interest from some of the world's largest corporations because our solutions are competitive with natural gas and less volatile than oil... Our gigafactory manufacturing capabilities, increased interest in our HaaS offering and global relationships will help us grow our footprint of installed TES systems worldwide. Toward this end, over the last two months, we have raised approximately $4.5M in gross proceeds of equity capital under our "at-the-market" offering facility, which together with our $4M gross proceeds from our capital raise earlier this year, we believe will support our corporate and project financing needs.
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ACON | Hot Stocks08:35 EDT Aclarion expands commercial agreement with the London Clinic - Aclarion is extending their commercial agreement with the prestigious London Clinic in London, UK. The contract extension establishes a higher price point for Nociscan, engages The London Clinic to secure payer coverage decisions from leading private health insurers, and aligns Aclarion with The London Clinic in expanding access to referring physicians throughout the greater London market. The initial contract with The London Clinic was aimed at allowing The London Clinic physicians to evaluate the clinical value of Nociscan in treating their chronic low back pain patients. After utilizing Nociscan in just 20 patients, the physicians saw enough value to support a contract extension aimed at increasing access to Nociscan for patients. Increased access is being pursued through outreach to referring physicians, increasing the reimbursement to Aclarion, and approaching the payer community to secure private insurance coverage for Nociscan.
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DRIO | Hot Stocks08:35 EDT DarioHealth's cardiometabolic solution shows healthy 12-month behavioral change - DarioHealth announced two new studies presented at the 84th Annual American Diabetes Association Scientific Sessions in Orlando. The first study provides an analysis of member data for those tracking a GLP-1 medication in Dario's cardiometabolic solution. This new research confirms that behavior change driven by Dario's digital platform is sustainable for a 12 month period and supports clinical results for members taking a GLP-1. Additional research demonstrates that 31% of Dario members with Type 2 diabetes achieve results reflecting diabetes remission. The data showed significant improvement in adopting healthy behaviors over a 12-month period across both groups as shown by increased tracking of healthy lifestyle behaviors as shown by logged meals and physical activity beginning in the first three months and sustained through the 12-month period. Dario members using a GLP-1 also experienced additional improvements to outcomes and behavior change compared to the group using Metformin.
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SGBX | Hot Stocks08:34 EDT Safe & Green expands agreement for modular electrical distribution centers - Safe & Green Holdings announced that Safe & Green Holdings has received an expansion of an agreement to manufacture seven additional container based electrical distribution centers as part of a multi-unit order for a client serving the big box retailer market. These units are in addition to the four units which the Company has already begun production.
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MET | Hot Stocks08:34 EDT MetLife publishes annual Sustainability Report - MetLife published its 2023 Sustainability Report. The 2023 Sustainability Report details how MetLife brings its purpose to life to make progress against its commitments by: Exceeding its commitment to drive $1 billion in investments that advance diversity years ahead of its 2030 target, with more than $1.4 billion invested between 2021 and 2023. Reducing emissions by increasing energy efficiency and reducing consumption at offices, greening its vehicle fleets and reducing business travel, where possible. Securing more than $58.5 billion in responsible investments in MetLife's General Account as of year-end 2023, focused on the core areas of infrastructure, green, municipal bonds, affordable housing and impact investments. Surpassing $1 billion in all-time giving by MetLife Foundation.
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BKYI | Hot Stocks08:33 EDT BIO-key says Los Angeles LGBT Center selects PortalGuard plaform - BIO-key International announces that Los Angeles LGBT Center with 17 locations and nearly 800 employees has selected its PortalGuard platform for secure, streamlined desktop sign-in that meets regulatory and insurance compliance requirements. The most prominent LGBTQ+ organization in the world, the Center offers programs, services, and advocacy spanning four areas: Health, Social Services and Housing, Culture and Education, and Leadership.
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CEG | Hot Stocks08:33 EDT Constellation Energy releases its 2024 Sustainability Report - Constellation released its 2024 Sustainability Report, highlighting the company's sustainable business strategy focused on accelerating the nation's transition to a carbon-free energy future, responding to the climate crisis and delivering long-term value for customers, communities, employees and shareholders. The report details key progress in the company's work to lead the clean energy transition by providing the most important commodity in the world today - energy that is emissions-free and always on. The report also details Constellation's efforts to support the sustainability goals of customers seeking to reduce their own carbon footprints, as well as initiatives to strengthen and support local communities, particularly those historically underserved, to ensure the benefits of clean, reliable and affordable energy are shared by all.
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SIDU | Hot Stocks08:32 EDT Sidus Space, NamaSys Bahrain sign MOU to establish 'Sidus Arabia' JV - Sidus Space announced the execution of a Memorandum of Understanding, MOU, outlining its collaboration with NamaSys, a multi discipline Technology & Electronic Security Consultancy for the establishment of a joint venture, JV, with a mission to build, own and operate a satellite manufacturing, production, assembly and integration facility in the Middle East supporting Gulf Cooperation Council, GCC, countries and beyond. The MOU outlines that the parties intend to serve and fulfill the needs and requirements of government and private clients across the Middle East and North Africa region while sharing a unified mission of fostering science and technology development.
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NNE | Hot Stocks08:32 EDT Nano Nuclear jumps 15% to $24 after Benchmark more than doubles target
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ARE | Hot Stocks08:32 EDT Alexandria Real Estate announces long-term 127,382 RSF lease - Alexandria Real Estate announced that a top 20 pharmaceutical company and longstanding credit tenant has increased its San Diego footprint by nearly 53% with the execution of a 10-year lease for 127,382 RSF, with significant expansion options, for a new R&D center at 10075 Barnes Canyon Road on the SD Tech by Alexandria mega campus in the Sorrento Mesa submarket of San Diego. Purposefully curated to enable its tenants to attract, retain and inspire top talent, this mega campus provides an exceptional suite of bespoke amenities, which include multiple eateries, a health and wellness center, premier meeting and conference spaces, an expansive lawn and a seven-acre central park. With this strategic anchor lease, the 253,079 RSF Class A+ development, which is targeting LEED Gold Core & Shell and Fitwel certifications, is now 70% leased ahead of its anticipated initial delivery in 2025. The lease also brings Alexandria's 1.2 million RSF pipeline of under construction mega campus development projects in San Diego to 94% leased, demonstrating the advantages of the company's differentiated mega campus platform and leading life science industry brand.
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NITO | Hot Stocks08:31 EDT N2OFF N2OFF unveils 'breakthrough' in N2O emissions reduction with bacteria - N2OFF announced its subsidiary NTWO OFF, hereinafter and collectively with N2OFF the "Company, achieved a breakthrough in reducing nitrous oxide or N2O, emissions by successfully applying its innovative bacterial technology to a corn cultivation. The Company believes this development marks an important advancement in sustainable farming practices and greenhouse gas reduction, tackling both environmental and agricultural challenges. The Company has expanded its proprietary bacterial technology from wheat to corn cultivation. This development is particularly notable given that, as detailed in an article published on the DevelopmentAid website, over the course of 2023-2024, the United States produced 389.7 million metric tons of corn. This represents approximately one-third of the global corn production, making it the largest corn producing country.This expansion represents an important milestone in the Company's ongoing research and technological advancements. By introducing a unique wheat-derived bacterium to corn, the Company achieved promising results in reducing nitrous oxide emissions in agriculture.
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ASTS | Hot Stocks08:31 EDT AST SpaceMobile announces strategic realignment of executive team - AST SpaceMobile announced a strategic realignment of its executive leadership team including the appointment of Scott Wisniewski, who currently serves as Chief Strategy Officer, to the additional role of President, Shanti Gupta, who currently serves as Chief Accounting Officer, as Chief Operations Officer, and Andrew Johnson, who currently serves as Chief Legal Officer, to the additional role of Chief Financial Officer. The strategic realignment is designed to leverage the proven track record of members of AST SpaceMobile's existing leadership and position the company for success in its next phase of accelerated growth.
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XAIR | Hot Stocks08:29 EDT Beyond Air cut 20% of workforce amid capital conservation strategy - Beyond Air said last night that it implemented a capital conservation strategy that will extend its cash runway and focus its resources on ramping up the commercial program for LungFit PH and maintain the timeline for the second generation LungFit PH. The company reduced headcount by over 20% since January 1. The study of LungFit PRO to treat viral community-acquired pneumonia has been placed on hold due to the strategic prioritization. The trials evaluating LungFit GO for the treatment of nontuberculous mycobacteria and COPD have also been placed on hold. Beyond Air's net cash burn rate is expected to be less than $30M in fiscal 2025, which assumes the company hits certain revenue targets.
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SKE | Hot Stocks08:29 EDT Skeena Resources secures $750M project financing package - Skeena Resources has secured a financing package totaling $750 millionwith Orion Resource Partners for the development, construction, and general working capital required to advance the Company's 100%-owned Eskay Creek Gold-Silver Project. This complete funding package significantly de-risks the Project and provides Skeena with optionality, flexibility and stakeholder alignment as the Company progresses Eskay towards production in the first half of 2027. The package provides a significant portion of financing prior to Skeena's receipt of required permits in respect to the Eskay project and therefore, allows the Company to advance the project on the most efficient and expedient schedule to production. Financing Package Highlights: The total financing package of $750 million is comprised of an equity investment, gold stream, senior secured loan, and a cost over-run facility: $100 million equity investment priced at a meaningful premium to the Company's five-day volume weighted average share price. $200 million gold stream with option to buy back up to 66.7% for 12-month period after start of commercial production. $350 million of committed capital available from a senior secured loan with 1% standby fee and no break fee. $100 million cost over-run facility in the form of an additional gold stream subject to the same standby terms as the Senior Secured Loan.
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BLNK | Hot Stocks08:28 EDT Prima at Paseo South Gulch enters agreement with Envoy Technologies - Prima at Paseo South Gulch has announced an agreement with Envoy Technologies to offer residents on-site access to shared EVs. The service branded as 'Mobility as an Amenity' aims to enhance convenience and sustainability for Prima's residents. Envoy integrates with multi-tenant communities, offering turnkey EV-sharing and charging stations as a primum amenity. Residents of Prima will access Envoy vehicles through the Envoy mobile app, available on Android and IOS devices, and book them by the hour or day. Additionally, dedicated on-site ground-level charging stations are available for residents and guests to use at no cost.
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IR | Hot Stocks08:26 EDT Ingersoll-Rand appoints Scott Watson as GM, Life Science Technologies platform - Ingersoll Rand announced Scott Watson, former COO of ILC Dover, to serve as the senior vice president and general manager of the Life Science Technologies platform, effective immediately. He succeeds Corey Walker, who left the company to pursue an external opportunity. Scott is responsible for delivering ILC's global strategy across commercial, operations, and new product development activities, and as of January 1, 2025, leadership over the legacy Ingersoll Rand medical business.
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LOBO | Hot Stocks08:23 EDT LOBO EV strengthens Latin American market with Brazilian distributor - LOBO EV Technologies "strengthened its penetration of the Latin American market after hosting a successful visit from one of Brazil's well-established electric mobility dealers, marking the first on-site inspection after nearly a year of business dealings between the companies. This visit has provided the Brazilian team with an in-depth understanding of LOBO's strong production capabilities and professional services, bolstering their confidence in deepening their relationship with LOBO." The dealer, which generates over $8 M in annual sales of various short-distance electric mobility vehicles, currently engages in OEM production and procurement from multiple Chinese manufacturers. Recognizing the superior quality and consistency of LOBO's products, the dealer plans to transition to centralized manufacturing and procurement from LOBO to enhance product quality, improve consistency, and reduce transaction costs-a significant strategic shift for the dealer.
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LFMD | Hot Stocks08:23 EDT LifeMD launches private health insurance acceptance for primary care services - LifeMD announced the launch of private health insurance acceptance for its virtual primary care services, including weight management for medically qualified patients. Initially available in select states, the company plans to continue enrollments with private payors to facilitate access to medically necessary services, ultimately having broad coverage options across all 50 states. As part of its early 2025 roadmap, LifeMD expects to begin accepting Medicare. The acceptance of private insurance to cover medically necessary services is being offered to patients in connection with a monthly membership for non-covered services, with an out-of-pocket cost for those services that is considerably lower than current monthly self-pay fees. Once a patient's health insurance benefits have been electronically verified, LifeMD will handle the claims submission and prior authorization processes.
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ALLR | Hot Stocks08:22 EDT Allarity: Stenoparib continues to show clinical benefit in ovarian cancer - Allarity Therapeutics announced that multiple patients in its Phase 2 clinical trial of stenoparib for advanced recurrent ovarian cancer have been on treatment for more than 30 weeks. The continued durability of clinical benefit further bolsters the Company's announcement in early May 2024 that stenoparib had shown clear clinical benefit, including significant tumor shrinkage and long-term disease stability, in patients who had been heavily pre-treated for their ovarian cancer and otherwise have limited life expectancy. These results provided clinical proof of concept for stenoparib as a treatment in this patient population, prompting the company to halt patient enrollment to focus its resources on developing a follow-on trial designed to accelerate the path for stenoparib toward regulatory approval. After conducting a detailed review of the stenoparib monotherapy trial data, including the data announced today, the Company has concluded that these data may be of significant interest among key oncologists, potential commercial partners, and other relevant stakeholders and therefore warrant presentation within a high-level scientific conference. Further release of these clinical data is intended to be staged to comply with the common rules of scientific conferences, which do not allow data to be published before the event. The PARP inhibitor market saw a major shift in 2022 as rucaparib, olaparib, and niraparib were withdrawn for heavily pretreated ovarian cancer patients, underscoring the need for new, effective PARP inhibitors with a more favorable safety profile. The PARP inhibitor market is expected to reach $22 billion in revenue by 2028, and has historically seen significant partnerships and acquisitions. Recent interest in the market has focused on the development of PARP inhibitors with improved tolerability and safety profiles, leading to notable activity in the sector. For example, one significant acquisition included a multi-asset deal potentially totaling $1.5 billion, which featured an advanced PARP inhibitor. Stenoparib is orally available and also shares an advantaged safety profile relative to 1st generation PARP inhibitors. It also inhibits the Tankyrase 1 and 2 enzymes, which helps block the activity of the WNT/Beta-catenin pathway, a pathway often overactive in ovarian and many other solid cancers. The safety and unique, dual inhibitory activities of stenoparib make it a differentiated and compelling potential therapeutic product.
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AQST | Hot Stocks08:21 EDT Aquestive reports topline data from temperature/pH study of Anaphylm - Aquestive Therapeutics released topline pharmacokinetic data from the temperature / pH study of its product candidate Anaphylm Sublingual Film. Anaphylm is the Company's first and only orally administered epinephrine prodrug product candidate under development for the treatment of severe life-threatening allergic reactions, including anaphylaxis. The single-dose, five-period, randomized crossover study was designed to compare the PK and pharmacodynamics of Anaphylm just after consuming normal water, lemon water, and baking soda water. The primary PK parameters were the maximum amount of epinephrine measured in plasma and exposure, or the area under the curve, at various times after dosing, in 30 healthy adult subjects. Topline PK data from the study showed no statistically significant difference in PK results based on changes in temperature and pH. The most consumed beverages, such as soda, milk, coffee, and juice, have acidity between lemon water and normal water. While not statistically significant, alkaline substances like baking soda showed a somewhat higher absorption level than room-temperature water. The table below provides the ratio of Cmax and AUC 0-60min following administration of Anaphylm under various test states when compared to room temperature water. The Company's remaining supportive studies, inclusive of the self-administration study and the oral allergy syndrome challenge study, are all underway. The self-administration study's dosing is expected to conclude in the second quarter of 2024, and the OAS challenge study's initial dosing is expected to occur in July 2024. The table below indicates the remaining clinical studies anticipated before submission of the New Drug Application for Anaphylm.
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BIVI | Hot Stocks08:19 EDT BioVie unveils protocol design of SUNRISE-PD Phase 2 trial of NE3107 - BioVie announced data from two presentations at the Advanced Therapeutics in Movement and Related Disorders Congress, ATMRD Congress, held June 21-25 in Washington, D.C.Presentations include a first look at the protocol design of the upcoming SUNRISE-PD Phase 2 trial of bezisterim, NE3107, in patients with early Parkinson's disease along with an encore presentation of detailed results from the Company's Phase 2a trial of bezisterim adjunctive to carbidopa/levodopa, C/L, in patients with Parkinson's disease."Promising preclinical data suggest bezisterim may address unmet needs in Parkinson's disease. Existing treatments offer variable success, and disease progression leads to worsening motor function, dyskinesias, and significant disability," said Cuong Do, BioVie's President and CEO. "Bezisterim's unique mechanism of action - targeting inflammation and insulin resistance - holds promise for mitigating these issues based on data from earlier-phase trials. SUNRISE-PD will allow us to further investigate bezisterim's safety and efficacy in a larger patient population who have minimal prior exposure to levodopa, with the goal of developing a treatment that can significantly improve the lives of people with Parkinson's disease."Protocol Design of SUNRISE-PD: A Phase 2, Placebo-Controlled Study of Bezisterim in Early Parkinson's Disease
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IMMP | Hot Stocks08:18 EDT Immutep signs exclusive license agreement with Cardiff University - Immutep announces a License Agreement with Cardiff University granting the Company exclusive rights to develop and commercialise anti-LAG-3 small molecules. A number of promising compounds that block LAG-3, an immune checkpoint known to reduce the immune system's response to fight cancer, have been identified under Immutep's collaboration with the world-leading scientists at Cardiff University. Led by Professor Andrew Godkin of Cardiff University, Professor Andrea Brancale, and Dr Frederic Triebel, Immutep CSO, the compounds were identified by chemical library screening, molecular modelling and synthetic chemistry. A joint patent application has been filed by Immutep S.A.S. and University College Cardiff Consultants Limited to protect the new intellectual property. The License Agreement builds on Immutep's collaboration with Cardiff University which commenced in 2019. University College Cardiff Consultants Limited will receive an upfront payment of GBP 25,000 and a milestone payment upon first commercial sale of a licensed product, and is eligible to receive low single-digit sales based royalties.
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TGL | Hot Stocks08:17 EDT Treasure Global names Henry Chai COO, Sook Lee Chin CFO - Treasure Global announced the appointments of Mr. Henry Chai, as COO, and Ms. Sook Lee Chin, as CFO, marking a strategic move by the Company to usher in a new phase of growth and innovation. Henry Chai, the newly appointed COO, brings a wealth of strategic vision and valuable insights to the company. His expertise spans overseeing technology operations in blockchain companies and managing software development for broker management systems interfacing with major exchanges like Bursa Malaysia, SGX, Nasdaq, and NYSE. Ms. Sook Lee Chin, the newly appointed CFO, brings over 12 years of extensive experience in accounts and finance across multiple industries, including investment holding, advertising and marketing, and the medical sector
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TEVA | Hot Stocks08:17 EDT Teva's agreement with the ITA has no impact on 2024 financial outlook - The company's agreement with the Israel Tax Authority, ITA, has no impact on Teva's 2024 financial outlook, which the Company reaffirms.
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ABBV | Hot Stocks08:16 EDT AbbVie provides U.S. regulatory update on ABBV-951 - AbbVie received a Complete Response Letter from the FDA for the New Drug Application for ABBV-951 for the treatment of motor fluctuations in adults with advanced Parkinson's disease. In its letter, the FDA cited observations that were identified during inspection of a third-party manufacturer listed in the NDA. The inspection at the facility did not involve ABBV-951 or any AbbVie medicine. The CRL does not identify any issues related to the safety, efficacy or labeling of ABBV-951, including the device. The CRL does not request that AbbVie conduct additional efficacy and safety trials related to the drug or device-related testing.
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TNXP | Hot Stocks08:15 EDT Tonix Pharmaceuticals presents vaccine platform data at Vaccine Congress 2024 - Tonix Pharmaceuticals announced data presented at an oral Keynote Talk at the Vaccine Congress 2024 held June 24-25, 2024 in Prague, Czech Republic. The presentation titled, "A New Live Virus, One Dose Vaccine Platform for Mpox, Smallpox and COVID-19", detailed the Company's vaccine platform, including TNX-801 vaccine for preventing mpox and smallpox and TNX-1800 for protecting against COVID-19. TNX-801 and TNX-1800 are live replicating attenuated vaccines based on horsepox that are believed to provide immune protection with better tolerability than modern vaccinia viruses. In the presentation, Tonix highlighted positive preclinical efficacy data, demonstrating that TNX-801 protected non-human primates against lethal challenge with intratracheal Clade 1 monkeypox virus. After a single dose vaccination, TNX-801 prevented clinical disease and lesions and also decreased shedding in the mouth and lungs of non-human primates. These findings are consistent with mucosal immunity and suggest the ability to block forward transmission, similar to Dr. Edward Jenner's vaccinia vaccine, which eradicated smallpox and kept mpox out of the human population. The presentation noted that the global mpox outbreak, which commenced in 2022, has affected over 90,000 persons in countries where mpox had previously not been endemic, including Europe and the US. The spread of Clade IIb strain mpox in 2022 underscores the pandemic potential of mpox. Unlike Clade IIb mpox, the Clade I strain of mpox remains restricted to several Central African countries, including the Democratic Republic of the Congo, where it is currently endemic. Clade I mpox is typically associated with higher case fatality rates than Clade IIb mpox. According to the U.S. Centers for Disease Control and Prevention, and other experts, there is a significant risk that the deadlier Clade I strain may appear in the U.S. Further, the presentation noted that the Bipartisan Commission on Biodefense recently highlighted the renewed dual threats of both a more virulent mpox epidemic as well as smallpox re-introduction from lab accidents or bad actors, while the National Academies of Science, in its review of smallpox preparedness, highlighted the need for new single dose vaccines against smallpox. The keynote presentation also included preclinical data for TNX-1800, demonstrating immunity and tolerability. TNX-1800 was selected by the NIH's Project NextGen for inclusion in clinical trials as part of a select group of next generation COVID-19 vaccine candidates with the intent to identify promising vaccine platforms. NIH plans to conduct a Phase 1 trial and cover the full cost, while Tonix provides the vaccine candidate.
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PHIN IVZ | Hot Stocks12:15 EDT Phinia elects Walsh to Board of Directors - PHINIA (PHIN) announced that its Board of Directors has elected Meggan Walsh to the Board, effective July 1, 2024. Walsh's Board committee appointment will be approved by the Board at a later date. Walsh most recently served as a Senior Portfolio Manager and Head, Dividend Value with Invesco (IVZ)
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OGI | Hot Stocks08:14 EDT Organigram announces strategic investment in Sanity Group - Organigram announces its first significant strategic investment aimed at expanding its presence in the European cannabis market. Using proceeds from its Jupiter strategic investment pool, the Company has agreed to invest EUR 14 million initially comprised of EUR 11.5 million via an unsecured convertible note and EUR 2.5 million to purchase equity interests from existing Sanity Group founders and shareholders providing the Company with a minority stake in Berlin-based cannabis company Sanity Group GmbH. In addition, the Company may advance another EUR 3 million as a second tranche of the unsecured convertible note for future opportunities to be pursued by Sanity subject to the satisfaction of certain conditions. Organigram is also now entitled to appoint a representative to Sanity Group's Board of Directors.
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CMP | Hot Stocks08:13 EDT Compass Minerals announces immediate resignation of COO Gordon Dunn - Compass Minerals disclosed that on June 21, Gordon Dunn resigned as its Chief Operations Officer, effective immediately. Dunn was appointed to the role this February.
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OR VITFF | Hot Stocks12:13 EDT Osisko Gold says heap leach pad at Eagle Gold Mine experiences failure - Osisko Gold Royalties (OR) notes that its operating partner, Victoria Gold Corp. (VITFF), announced yesterday that the heap leach pad at its Eagle Gold Mine in the Yukon Territory experienced a failure. Eagle operations have been temporarily suspended while Victoria continues to assess the situation. At this early stage, it has been confirmed by Victoria that there has been some damage to infrastructure and a portion of the failure has left containment. There have been no injuries to personnel associated with the incident. Osisko is monitoring the situation closely and plans to maintain an open line of communication with Victoria as more information becomes available. Osisko holds a 5% NSR royalty on Eagle until 97,500 ounces of gold have been delivered and a 3% NSR royalty thereafter. Osisko's royalty covers the entire Dublin Gulch property including the reserves on the Eagle and Olive ore deposits and all of the exploration targets being most actively pursued by Victoria.
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HESM | Hot Stocks08:13 EDT Hess Midstream LP signs accretive $100M sponsor unit repurchase - Hess Midstream LP announced the execution of a definitive agreement providing for the repurchase of approximately $100M of Class B units by its subsidiary, Hess Midstream Operations LP, from affiliates of Hess Corporation and Global Infrastructure Partners, Hess Midstream's sponsors. The terms of the proposed unit repurchase transaction were unanimously approved by the Board of Directors of Hess Midstream's general partner, based on the unanimous approval and recommendation of its conflicts committee composed solely of independent directors. Hess Midstream Operations LP, Hess Midstream's consolidated subsidiary, agreed to repurchase 2,724,052 Class B units of Hess Midstream Operations LP, equal to approximately 1.2% of the consolidated company, held by the Sponsors for an aggregate purchase price of approximately $100 million. After completing the unit repurchase transaction, ownership of Hess Midstream on a consolidated basis will be approximately 41.0% for the public, 21.2% for Global Infrastructure Partners and 37.8% for Hess Corporation.
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DMRC | Hot Stocks08:11 EDT Digimarc, Wipak partner to enhance sustainability profitability - Digimarc Corporation and Wipak announced a strategic partnership to help retailers and global brands embrace an eco-friendly strategy to product packaging. By combining Digimarc digital watermarks and Wipak's printed film technology, the companies help food, medical device, and pharmaceutical companies achieve sustainability and profitability goals through innovative packaging designed to advance the fight against plastic pollution and speed the path to net zero.
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CRL | Hot Stocks08:11 EDT Charles River announces strategic collaboration with Gates Institute - Charles River Laboratories International and the Gates Institute at the University of Colorado Anschutz Medical Campus announced a lentiviral vector contract development and manufacturing organization, CDMO, agreement. The Gates Institute mission at the University of Colorado Anschutz Medical Campus is to develop and deliver advanced therapies in cell and gene therapy. Through this strategic collaboration, Gates Institute will have access to Charles River's established manufacturing platforms and dedicated viral vector CDMO center of excellence, utilizing a range of services including process development evaluation of Gates Institute's LVV backbone, phase-appropriate research grade and High -Quality plasmid DNA production, and GMP LVV manufacturing. Materials produced within the collaboration will support an upcoming Investigational New Drug application for Phase I clinical trials.
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LTBR | Hot Stocks08:10 EDT Lightbridge welcomes passage of the ADVANCE Act - Lightbridge Corporation applauds the passage of the ADVANCE Act, or the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act, which aims to accelerate the deployment of advanced nuclear energy in the United States. Earlier this year, the U.S. House of Representatives passed the bill on a 365-36 vote, and the U.S. Senate overwhelmingly voted 88-2 to approve the legislation. The ADVANCE Act focuses on streamlining the regulatory process at the Nuclear Regulatory Commission, supporting the development and deployment of new nuclear technologies, and strengthening the domestic nuclear supply chain. Seth Grae, President & CEO of Lightbridge Corporation, commented, "We are thrilled to see the ADVANCE Act pass with such overwhelming support in both the House and the Senate. While the Act does not remove all hurdles facing deployment of advanced nuclear technologies, this landmark legislation marks a significant step forward for the nuclear industry and reinforces the critical role of advanced nuclear technologies in our clean energy future. By streamlining regulatory processes, supporting the development of innovative nuclear technologies, and strengthening the domestic supply chain, the ADVANCE Act paves the way for a more financially sustainable and competitive nuclear energy landscape in the United States."
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CTGO | Hot Stocks08:10 EDT Contango Ore announces first gold pour at Manh Choh on July 8, 2024 - Contango ORE announces that the first gold pour for the Manh Choh mine will take place at the Fort Knox mill facility on July 8, 2024. Rick Van Nieuwenhuyse, CEO and President for Contango commented: "This is indeed a grand milestone event for the Company and its shareholders. Since its discovery, the Manh Choh project has stood out as a very high-quality deposit with exceptional grade for an open pit gold mine. Upon forming the Peak Gold joint venture with Kinross in September 2020, a feasibility study was completed that demonstrated the viability of the Manh Choh project, followed by Peak Gold successfully permitting the project and completing construction of the mine. Mining operations commenced in August of 2023 and ore hauling started in November 2023, leading to a sizeable stockpile of ore at Fort Knox ready to be processed through the mill. We look forward to sharing video coverage of our first gold pour on July 8th. I hope you will join us virtually to celebrate this accomplishment."
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TGT | Hot Stocks08:09 EDT Target announces return of Target Circle Week July 7-13 - Target announced that its biggest sale of the season, Target Circle Week, is returning July 7-13, featuring savings on summer and back-to-school essentials. The retailer will deliver more deals for members of Target Circle, its free-to-join loyalty program, including deep discounts, personalized Target Circle bonuses to put toward top summer finds, hot prices on everyday items and early savings on back-to-school and college essentials.
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SLTTF | Hot Stocks08:09 EDT Slate Office REIT announces update of its portfolio realignment plan - Slate Office REIT announced that it continues to make progress on its previously announced portfolio realignment plan, and in connection with the foregoing, continues to engage with its senior lenders to determine a mutually acceptable path forward in respect of its obligations to such senior lenders, including in respect of its revolving credit facility. The REIT also announced that, notwithstanding those ongoing discussions, its senior lenders have provided notices of default, which currently restrict the REIT from making further payments of accrued interest in respect of its outstanding debentures, for so long as such defaults have not been cured or waived.
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ECOR | Hot Stocks08:09 EDT electroCore announces commercial launch of TAC-STIM - electroCore announces the Commercial Off the Shelf COTS availability of the next generation TAC-STIM a non-invasive vagus nerve stimulator nVNS designed in partnership with the US military to enhance human performance exclusively for active-duty military use.TAC-STIM is a cutting-edge device that can accelerate learning and improve mood and cognitive performance. TAC-STIM is a portable, easy-to-use tool that leverages electroCore's patented technology to deliver precise and effective vagus nerve stimulation, helping war fighters and operators learn new tasks, increase readiness and mitigate fatigue across a range of high-pressure operational environments. TAC-STIM was originally developed in close collaboration with the 711th Human Performance Wing at the Air Force Research Laboratory AFRL, Wright-Patterson AFB, OH, as part of the United States Department of Defense Biotech Optimized for Operational Solutions and Tactics BOOS program. Independent testing by AFRL and Air Force Special Operations Command consistently demonstrated its capabilities across a range of operational settings. electroCore continues to participate in collaborative research to further enhance TAC-STIMs operational utility and showcase how TAC-STIM can enhance performance, reduce fatigue, and accelerate training without adverse effects.
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FCEL | Hot Stocks08:09 EDT FuelCell announces UConn to use solid oxide fuel cell technology for IPB - FuelCell Energy and the University of Connecticut have announced that UConn will use FuelCell Energy's solid oxide fuel cell technology for its Innovation Partnership Building at the UConn Tech Park on its Storrs Campus. Four of FuelCell Energy's 250-kilowatt solid oxide fuel cells, with a combined one megawatt of electricity generation capability, will provide power and thermal energy to support current and planned future demand of the IPB-allowing it to operate independently from the local utility grid. FuelCell Energy and UConn will work together as part of a power purchase agreement and will also collaborate on educational opportunities for students that include educational lectures, facility tours, and internship opportunities for engineering students.
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BTBT | Hot Stocks08:09 EDT Bit Digital awarded GPU contract expansion to $275M - Bit Digital has finalized an agreement to supply an existing customer with an additional 2,048 GPUs over a three-year term commencing upon deployment. With this agreement, the company will supply this customer with a total of 4,096 GPUs for the respective three-year periods, amounting to total revenue of approximately $275M, or $92M on an annualized basis. To fulfill the contract, the company has placed a purchase order for 256 servers manufactured by Dell Technologies, an authorized Nvidia OEM, that are equipped with 2,048 Nvidia HGX H100 GPUs along with related equipment, expected to be delivered to the company during July. The servers will be deployed in Iceland at the datacenter where the company's existing AI servers are located and are expected to begin generating revenue in August. The company intends to finance the deal with a mixture of cash and digital assets on the balance sheet. Bit Digital has elected to enter into a sale-leaseback agreement with a third-party entity for 1,024 GPUs which will reduce the company's capital outlay commensurately. Additionally, the company continues to evaluate debt financing options that would allow the company to retroactively finance its hardware assets.
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MNPR | Hot Stocks08:07 EDT Monopar announces acceptance of MNPR-101-RIT abstract for EANM 2024 - Monopar Therapeutics announced that its abstract titled "Evaluation of Anti-uPAR Antibody as a Radiopharmaceutical for Imaging and Treatment of Solid Tumors" has been accepted as a "Top-Rated Oral Presentation" within the Scientific Program of the European Association of Nuclear Medicine 2024 Annual Congress to be held on October 19-23, 2024 in Hamburg, Germany. Monopar's abstract details its MNPR-101-RIT, a novel first-in-class radio-immuno-therapeutic program that targets cancer expressing the urokinase plasminogen activator receptor, including triple-negative breast, colorectal, and pancreatic cancers. The Company's preclinical data demonstrate compelling and durable anti-tumor benefits with MNPR-101 conjugated to therapeutic radioisotopes, including lutetium-177 and actinium-225. Monopar recently initiated its MNPR-101-Zr first-in-human Phase 1 imaging and dosimetry clinical trial in advanced cancer patients.
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RIGL | Hot Stocks08:06 EDT Rigel Pharmaceuticals announces 1-for-10 reverse stock split - Rigel Pharmaceuticals announced that it will effect a reverse stock split of its issued and outstanding shares of common stock at a ratio of 1-for-10, effective at 12:01 a.m. Eastern Time on Thursday, June 27, 2024. The company's common stock will begin trading on a post-split basis on The Nasdaq Global Select Market under the same symbol when the market opens on Thursday, June 27, 2024, with the new CUSIP number 766559702.
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HUMA | Hot Stocks08:06 EDT Humacyte presents positive preclinical data for BVP program - Humacyte announced the presentation of positive preclinical progress of its development of a potential treatment for type 1 diabetes at two scientific meetings. Humacyte's BioVascular Pancreas BVP product candidate, currently in preclinical testing, incorporates stem cell-derived islets that are delivered using Humacyte's acellular tissue engineered vessel ATEV technology. At a presentation at the Breakthrough T1D formerly, JDRF Beta Cell Consortium Meeting in New York City, scientists presented data in which stem cell-derived islets, manufactured at Humacyte, were observed to restore normal blood sugar in diabetic mice. In the mice, the stem cell-derived islets survived and continued to produce insulin, with no evidence of adverse safety events from the stem cell-derived islets. These experiments were performed in collaboration with the Diabetes Research Institute (DRI) at the University of Miami. In addition, Humacyte scientists reported at the American Diabetes Association annual meeting in Orlando, Florida, successful implantation of BVPs into non-human primate recipients. In the study, also performed in collaboration with the DRI, Humacyte's ATEVs were coated with primate islets and were implanted into primate recipients. The primate BVP implants showed islet survival and continued insulin production throughout the three-month duration of the study. Islets also developed capillaries to support survival of the insulin-producing cells. Humacyte has commenced preclinical studies in diabetic non-human primate models to further advance development of the BVP as a potential treatment for type 1 diabetes.
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HFWA | Hot Stocks08:06 EDT Heritage Financial announces CEO succession plan - Heritage Financial has named Bryan McDonald to succeed Jeffrey Deuel as President and CEO of Heritage Bank and President of Heritage Financial Corporation, effective July 1. McDonald has held the titles of President and COO of Heritage Bank since 2018. Deuel, who has served as CEO of Heritage Bank since 2018 and as President and CEO of Heritage Financial Corporation since 2019, will remain CEO of Heritage Financial Corporation until May 6, 2025, at which time he will take on an advisory role assisting the CEO and the company's board of directors. Deuel will work closely with Mr. McDonald during the transition. McDonald also currently serves as a director on the Washington Bankers Association Board and as a member of the American Bankers Association Government Relations Council.
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EKSO | Hot Stocks08:06 EDT Ekso Bionics announces research partnership with Shepherd Center - Ekso Bionics Holdings announced a research partnership with Shepherd Center to incorporate EksoNR and Ekso Indego devices across its rehabilitation and community network. Shepherd Center provides world-class clinical care, research, and family support for people experiencing the most complex conditions, including spinal cord and brain injuries, multi-trauma, traumatic amputations, stroke, multiple sclerosis, and pain. As part of the partnership, Ekso and Shepherd Center will work collaboratively to design a research and training program for the Ekso devices. The experience is expected to contribute to the evolving understanding of best practices for implementing Ekso training into a clinical program, as well as for individual use of the Ekso Indego Personal device. Shepherd Center will also work with Ekso to design a training program for the Ekso Indego Personal device, which Ekso expects will offer individuals the opportunity to experience and explore exoskeleton technology, empowering those interested in purchasing a home device with the knowledge and skills needed for successful integration into their daily lives. Shepherd Center's spinal cord injury expertise and programming is uniquely positioned to investigate the clinical and quality of life benefits associated with incorporating exoskeleton technology throughout the continuum of care from hospital to home.
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AXON | Hot Stocks08:05 EDT Axon says United States Marshals deploying TASER 10 - Axon announced that the United States Marshals Service has deployed Axon's next-gen less-lethal energy weapon, TASER 10. The USMS will also be piloting Axon's VR Training solution to support the deployment of TASER 10 and to provide more affordable and accessible training across a variety of immersive real-world scenarios.
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GENE | Hot Stocks08:05 EDT GTG's GeneType identifies 79.5% of people tested at risk of serious disease - Genetic Technologies shared the power of the geneType test in identifying risk and improving the health of populations worldwide. Since the geneType Risk Assessment Tests became available, GTG has tested a statistically significant number of people in Australia and the US. These results have revealed a compelling statistic: 79.5% of individuals tested showed an elevated risk for at least one disease. GTG believes this is a significant finding driving increased surveillance and screening which will ultimately lead to early detection, early intervention and, ultimately, save lives. GeneType is revolutionizing healthcare with its pioneering, non-invasive Multi-Risk Test, designed to uncover hidden risks of common yet serious diseases. This state-of-the-art test identifies individuals at elevated risk for a range of cancers, including breast, ovarian, pancreatic, prostate, colorectal, and melanoma, as well as cardiovascular diseases and metabolic conditions like Type 2 diabetes.
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ENVB | Hot Stocks08:04 EDT Enveric Biosciences prioritizes development of EB-003 - Enveric Biosciences announced the Company is prioritizing the development of EB-003, its first-in-class approach to address difficult-to-treat mental health disorders. Enveric is currently advancing pre-clinical development activities for EB-003 and targeting a Pre-IND meeting with the U.S. Food and Drug Administration, FDA, for early 2025. "EB-003 has the potential to be a breakthrough neuroplastogen drug candidate that offers the ability to treat resistant mental health disorders without the hallucinogenic effect typically associated with psychedelic-based molecules," said Joseph Tucker, Ph.D., Director and CEO of Enveric. "Minimizing the hallucinatory effect is vital for the clinical development of EB-003 since it will allow for truly blinded placebo-controlled clinical trials and eliminate the need for co-administration of psychotherapy. In addition, minimizing the hallucinatory effect will enable the administration of such therapies in an outpatient setting, and support a more widespread acceptance for psychedelic-inspired drugs."
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IAS MSFT | Hot Stocks12:04 EDT Integral Ad Science extends collaboration with Microsoft Advertising - Integral Ad Science (IAS) announced it is expanding its collaboration with Microsoft Advertising (MSFT) to provide post-bid third-party brand safety and suitability, viewability, and invalid traffic measurement across Microsoft's advertiser solutions, including the Microsoft Advertising Platform and Microsoft Invest, which means for the first time, advertisers can benefit from verification reporting on Microsoft's proprietary audience data, including in-market audiences. This expanded collaboration will provide advertisers with deeper insights into how they can drive engagement with verified users and run adjacent to brand safe and suitable content through IAS Signal, allowing customers to verify media quality via IAS's metrics using its unified view of their global campaigns.
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LPCN | Hot Stocks08:04 EDT Lipocine's LPCN 1154 meets bioequivalence with IV Brexanolone in pivotal study - Lipocine announced positive topline study results demonstrating bioequivalence of LPCN 1154 to IV brexanolone in an NDA enabling pivotal pharmacokinetic study. Lipocine is developing LPCN 1154, oral brexanolone, for the treatment of postpartum depression, or PPD. The FDA has agreed with Lipocine's proposal for a 505(b)(2) NDA filing based on a single pivotal PK bridging study comparing exposure of LPCN 1154 with the approved IV infusion of brexanolone. Lipocine is targeting NDA submission by the end of Q4. The study was an open label, crossover study in 24 healthy postmenopausal women utilizing the "to be marketed" formulation and oral dosing regimen of LPCN 1154 and the commercial IV brexanolone formulation using the approved high dose infusion regimen. LPCN 1154 and IV90 brexanolone were bioequivalent based on GMRs and 90% CIs for Cmax, AUC0-, and AUC0-t meeting established criteria. Ctrough of LPCN 1154 geometric mean was higher than the trough of IV brexanolone. LPCN 1154 treatment was well tolerated with no sedation nor somnolence events observed.
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TEVA | Hot Stocks08:03 EDT Teva reaches agreement with ITA, will pay $750M between 2024-2029 - Teva Pharmaceutical Industries announced that it has entered an agreement with the Israel Tax Authority, ITA, resolving all pending litigation with respect to taxes payable for the Company's taxable years 2008-2020. Under the terms of the agreement the Company will pay a total of $750 million in installments between 2024 to 2029. This allows Teva to end this historical income tax issue, and to continue to focus on its commitment to the health of patients and on the continued implementation of its "Pivot to Growth" strategy. Under the terms of the agreement, it was further agreed that in the future event Teva pays dividends on, or repurchases, its equity interests, it will pay an additional 5%-7% of the amount of such dividends or repurchases in corporate taxes, up to a maximum tax payment amount of approximately $500 million.
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STGYF ROKU | Hot Stocks12:02 EDT Stingray Group launches several FAST channels on Roku Channel - Stingray (STGYF) announced the launch of several FAST channels on The Roku Channel (ROKU), expanding its offerings in both the United States and Canada. This exciting development includes the debut of TikTok Radio on The Roku Channel, as well as the introduction of Qello Concerts and two exclusive Stingray Music audio channels, Classic Rock and Greatest Hits, in Canada.
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AVT | Hot Stocks08:00 EDT Avnet appoints Obregon as new president of Farnell - Avnet has announced Rebeca Obregon as the new president of Farnell, an Avnet company, effective July 1, 2024. Farnell is a high-service electronics components distributor with a comprehensive portfolio of products and supported by an international supply chain.
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MYNA | Hot Stocks07:57 EDT Mynaric'a CONDOR Mk3 terminal selected by ReOrbit for upcoming mission - Mynaric has been selected by ReOrbit to supply its CONDOR Mk3 terminal for its upcoming mission UKKO, aimed at demonstrating secure space-to-space and space-to-ground communication for Earth Observation.
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SEDG | Hot Stocks07:54 EDT SolarEdge falls 17% to $27.60 after Q2 cash outlook, customer warning
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SEDG | Hot Stocks07:53 EDT SolarEdge says may fail to collect $11.4M from bankrupt customer - SolarEdge Technologies said last night that it intends to disclose today to certain investors that PM&M Electric, a customer that owes the company approximately $11.4M under a secured promissory note recently filed for Chapter 7 bankruptcy. "While the Company is closely monitoring the proceedings, it cannot guarantee the outcome of the proceedings and may fail to collect the amounts due to the Company or collect such amounts only after significant delay," SolarEdge added.
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SEDG | Hot Stocks07:51 EDT SolarEdge sees free cash used in Q2 to be $150M - SolarEdge said, "The Company also expects that its free cash used in the second quarter of 2024 will be approximately $150 million, primarily as a result of certain discretionary minority investments, extensions of credit provided to certain customers, higher than expected working capital related to the ramp of U.S. manufacturing and a slower pace of payments on accounts receivable."
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WVE | Hot Stocks07:47 EDT Wave Life Sciences announces data from Phase 1b/2a SELECT-HD trial for HD - Wave Life Sciences announced positive results from its Phase 1b/2a SELECT-HD clinical trial of WVE-003, which is being developed as a potential disease modifying therapeutic for Huntington's disease HD . WVE-003 is a first-in-class, allele-selective antisense oligonucleotide ASO designed to lower mutant huntingtin mHTT protein and preserve healthy, wild-type huntingtin wtHTT protein. "We are very proud to have demonstrated mHTT lowering of 46%, with preservation of wtHTT, and are encouraged to see these reductions in mHTT significantly correlating with a slowing in caudate atrophy after just 28 weeks. These results represent a significant achievement for Wave, for the oligonucleotide field, and most importantly, for the HD community," said Anne-Marie Li-Kwai-Cheung, MChem, MTOPRA, RAPS, Chief Development Officer at Wave Life Sciences. "Alongside the HD community, we have been working diligently to establish caudate volume as a biomarker for clinical development due to its association with clinical outcomes. We believe these strong data compel a case for accelerated approval for WVE-003, which we plan to discuss with regulators. We would like to express our immense gratitude to the HD community, the study participants, their families, and study site staff for their trust, support, and engagement that have helped us reach this important milestone."
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AGCO | Hot Stocks07:41 EDT Agco announces restructuring program, up to 6% workforce reduction - In a regulatory filing, Agco disclosed that on June 24, the company announced a restructuring program in response to increased weakening demand in the agriculture industry. The initial phase of the Program is focused on further reducing structural costs, streamlining the company's workforce and enhancing global efficiencies related to changing the company's operating model for certain corporate and back-office functions and better leveraging technology and global centers of excellence. The company estimates that it will incur charges for one-time termination benefits of approximately $150M-$200M in connection with this phase of the Program, primarily consisting of cash charges related to severance payments, employees benefits and related costs. The company expects the majority of these cash charges will be incurred in 2024 and the first half of 2025. Once fully implemented, the company expects this phase of the Program to yield annual run-rate benefits and cost savings of approximately $100M-$125M. The initial phase of the Program is expected to result in a net reduction of the company's salaried workforce by up to approximately 6% as compared to its salaried workforce as of December 31, 2023. As part of the Program, the company expects to evaluate other opportunities to further enhance global operating efficiencies that could result in additional restructuring charges related to future phases of the Program. The company is unable at this time to quantify the charges and benefits related to potential future phases of the Program.
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ZPTA | Hot Stocks07:38 EDT Zapata AI, KPMG UK complete client project to streamline compliance models - Zapata Computing Holdings and KPMG UK recently completed a client project to streamline the compliance models of a leading global insurance firm. The project aimed to transform the client's risk, operations, and compliance modeling by leveraging Zapata's analytics, optimization, and generative AI capabilities. KPMG's actuaries, working with Zapata's data engineers, converted one of the client's compliance models, comprised of tens of millions of inputs, and built an optimized solution with innovative algorithms. This new approach reduced the compute time it would have taken for these models by more than 1,000x, while maintaining accuracy and enabling the client to meet compliance requirements. Previously, the client had been submitting approximations instead of actual finished calculations.
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XOS | Hot Stocks07:36 EDT Xos delivers first stepvans, energy solutions to Morgan Services - Xos announced the delivery of Xos SV Stepvans and comprehensive charging solutions to Morgan Services, a family-owned textile company. This delivery introduces Morgan Services to their first set of Class 6 battery-electric stepvans from Xos, with additional orders placed for their facilities in Los Angeles and San Diego. Xos Energy Solutions also set up nine charging stations at Morgan Services' Los Angeles site to service this delivery and future deliveries of Morgan's electric fleet. This all-encompassing service covered everything from design and permitting to the physical installation of chargers and their activation.
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FCN | Hot Stocks07:35 EDT FTI Consulting launches cross-segment digital offering - FTI Consulting announced the launch of a cross-segment digital offering that leverages the full scope of FTI Consulting's deep industry expertise across the digital landscape. Individual FTI Consulting business segments have long been at the forefront of leveraging digital tools and technologies such as machine learning, artificial intelligence and advanced data and analytics to deliver efficient, defensible and bespoke client solutions. This cross-segment offering integrates these approaches to help clients attack the new, cross-cutting wave of risks and opportunities they face, from historical to emerging technologies
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ZVRA | Hot Stocks07:35 EDT Zevra appoints Rahsaan Thompson as Chief Legal Officer, Peters as CPO - Zevra Therapeutics announced the appointments of Rahsaan W. Thompson as Chief Legal Officer, Secretary and Compliance Officer, and Alison Peters as Chief People Officer. Both Mr. Thompson and Ms. Peters bring deep expertise in building high-performing teams which will be essential to deliver success through the Company's next phase of growth. "We are thrilled to welcome both Rahsaan and Alison to the Zevra team as we continue the expansion and progress of our rare disease portfolio," said Neil F. McFarlane, President and Chief Executive Officer of Zevra. "Their roles will be instrumental to driving our evolution into a leading rare disease therapeutics company."
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UNCY | Hot Stocks07:35 EDT Unicycive Therapeutics achieves study objective in OLC clinical trial - Unicycive Therapeutics announced results from the Oxylanthanum Carbonate UNI-OLC-201 pivotal clinical trial with regard to both safety and tolerability endpoints. OLC is a next-generation lanthanum-based phosphate binding agent utilizing proprietary nanoparticle technology being developed for the treatment of hyperphosphatemia in patients with chronic kidney disease. The study established promising tolerability of OLC at clinically effective doses in CKD patients on hemodialysis. In terms of tolerability, OLC had a low rate of discontinuation due to adverse events with only 5/86 patients discontinuing from the Study. Of the 5 discontinuations, 3 were treatment-related and 2 were not related to treatment. Importantly, the Company believes the low discontinuation rate for OLC compares favorably to a discontinuation rate due to AEs of 14% for Fosrenol from its U.S. Food and Drug Administration-approved Package Insert. The primary endpoint was defined as the rate of discontinuations due to treatment-related AEs leading to discontinuation in the maintenance period. In the UNI-OLC-201 trial, there was only 1 discontinuation due to a treatment-related AE in the Evaluable Population, a rate of 1.4%. In the full Safety Population, a total of 3 patients discontinued due to treatment-related AEs, a rate of 3.5%. The secondary endpoint assessing safety was also favorable as most treatment-related AEs were mild to moderate in severity and there were no treatment-related serious adverse events reported in the Safety Population. The treatment-related AEs reported in greater than or equal to5% of patients were diarrhea and vomiting which also compares favorably to Fosrenol and other phosphate binders on the market. While the study was not designed to evaluate efficacy, the trial enrolled patients on stable doses of approved hyperphosphatemia medications. At baseline approximately 59% of patients had phosphate levels less than or equal to5.5 mg/dL, the level recommended by KDOQI guidelines. After washout from the prior phosphate binders, 90% of patients were able to achieve phosphate levels less than or equal to5.5ng/dL at the end of titration with OLC.
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SNGX | Hot Stocks07:34 EDT Soligenix's HyBryte shows higher efficacy in comparative lymphoma study - Soligenix announced positive clinical results from a comparability study evaluating HyBryte versus Valchlor in the treatment of cutaneous T-cell lymphoma - CTCL -. The study revealed that HyBryte treatment resulted in 60% of patients achieving a 50% or better improvement in their mCAILS score versus 20% of Valchlor patients, with HyBryte having a more favorable safety profile. Soligenix expects to continue supporting Soligenix and participating in the upcoming Phase 3 placebo-controlled study. The average cumulative improvement in mCAILS at 12 weeks was 52.5% in the HyBryte patients versus 34.7% in the Valchlor patients. HyBryte was well tolerated in all patients whereas 1 of the 5 patients receiving Valchlor had to be withdrawn from the trial because of a clinically significant allergic contact dermatitis from Valchlor.
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NVEI | Hot Stocks07:33 EDT Nuvei secures Retail Services Category II License from Central Bank of the UAE - Nuvei announced that it has secured an in-principle approval for a Retail Services Category II License from the Central Bank of the UAE, representing an important strategic expansion into the United Arab Emirates and fortifying its global presence and commitment to the Middle East and North Africa region. The UAE is a crucial market for Nuvei's global customers due to its rapidly growing eCommerce sector, which is projected to surpass $10B in revenue by 2029 with an annual growth rate of approximately 9%. The Retail Services Category II License enables Nuvei to offer its comprehensive suite of payments technology to businesses operating in the thriving UAE market, including direct local acquiring, payment aggregation services, and domestic and cross-border fund transfers. Through direct local acquiring, Nuvei gains greater control over the payment life cycle, ensuring further optimized payment acceptance rates and lower processing costs for its customers. Nuvei already has a strong commercial presence and existing high-profile partnerships in the region. This expansion across the MENA region reaffirms Nuvei's commitment to supporting its customers' growth both locally and internationally.
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ENVX | Hot Stocks07:33 EDT Enovix enters agreement to deliver silicon batteries for mixed reality headset - Enovix has signed an agreement with a leading California-based technology company to provide silicon batteries and packs for a mixed reality headset. Under the terms of the agreement, Enovix will receive an immediate one-time payment for tooling to support battery pack dimensions followed by payments for the delivery of both sample and production quantities.
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AMST | Hot Stocks07:32 EDT Amesite announces AI-powered documentation tool on NurseMagic app - Amesite announced that its NurseMagic app now has the capability to create nursing notes which are required, for professionals ranging from CNAs and LPNs to APRN-CNPs and NPs. Notes can be created in various formats including SOAP, PIE and DAR, speeding up the creation of required patient record documentation for all nurses. The app has experienced rapid adoption by nurses following its release to the general public, and utilizes Amesite's proprietary technology to provide useful information and assistance in real time, targeting over 5.2 million nurses.
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CARM | Hot Stocks07:31 EDT Carisma Therapeutics granted FDA Fast Track designation for CT-0525 - Carisma Therapeutics announced that the U.S. FDA has granted Fast Track designation for CT-0525, an ex vivo gene-modified autologous chimeric antigen receptor-monocyte cellular therapy intended to treat solid tumors that overexpress human epidermal growth factor receptor 2.
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HMC | Hot Stocks07:31 EDT Honda selects BuyCo, FourKites to digitize, drive efficiency - Honda's divisions of Motorcycle and Power Products Operations has strategically selected BuyCo and leading real-time supply chain visibility provider FourKites to streamline their container shipping operations. With a focus on boosting efficiency and enhancing visibility, Honda's collaboration with these industry-leading technology providers marks a significant step toward advancing their supply chain.
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CORZ | Hot Stocks07:29 EDT Core Scientific announces new contract with CoreWeave - Core Scientific announced that CoreWeave, the AI Hyperscaler, has exercised its first option to contract for additional infrastructure under the terms of its previously announced 200 megawatt, 12-year high-performance computing hosting contracts entered into with CoreWeave on June 3, 2024. Under the terms of today's announced agreement, Core Scientific will modify a total of 100 MW of its owned infrastructure to deliver approximately 70 MW to host CoreWeave's NVIDIA GPUs for HPC operations. Site modifications are expected to begin in the second half of 2024, with operational status anticipated in the second half of 2025. This new 12-year HPC hosting contract will further increase Core Scientific's exposure to contracted, multi-year, dollar-denominated revenue. From revenue to gross margin, the new contract with CoreWeave is expected to enhance earnings power and drive shareholder value, adding an additional $1.225 billion in projected cumulative revenue over the 12-year contract timeline to the more than $3.5 billion in projected cumulative revenue associated with previously announced contracts with CoreWeave.
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RIOT BITF | Hot Stocks11:29 EDT Riot withdraws previous proposal to acquire Bitfarms for $2.30 per share - Yesterday, in addition to Riot Platforms (RIOT) announcing that it had requisitioned a special meeting of Bitfarms (BITF) shareholders to reconstitute the Bitfarms board of directors, the company also announced that Riot has informed the Bitfarms board that it has formally withdrawn its previous proposal to acquire all Bitfarms common shares at a price of $2.30 per share and "stands ready to engage and negotiate with a reconstituted Bitfarms Board to pursue a mutually beneficial combination of Bitfarms and Riot." Riot stated: "Riot continues to believe that a combination of Bitfarms and Riot will create the premier and largest publicly listed Bitcoin miner globally, with geographically diversified operations well-positioned for long-term growth. Riot remains completely committed to pursuing a transaction with Bitfarms. However, it is clear that engaging with the incumbent Bitfarms Board on a potential combination is just not possible."
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PLUG | Hot Stocks07:28 EDT Plug Power reaches 7.5 GW in BEDP contracts for global electrolyzer projects - Plug Power has achieved a significant milestone reaching 7.5 gigawatts GW in global Basic Engineering and Design Package BEDP contracts since introducing the offer two years ago. "The introduction of our BEDP has significantly propelled the growth of our electrolyzer business," said Plug CEO Andy Marsh. "This milestone not only highlights the increasing demand for green hydrogen but also underscores Plug's industry leading position in PEM electrolyzer technology and driving the green hydrogen revolution."...The general timeline for these projects to move from BEDP and FEED to FID is approximately 6-18 months. At that point, the BEDP funnel could translate into electrolyzer sales, with each GW representing up to $0.5B to $0.75B in potential revenue.
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TGAA | Hot Stocks07:27 EDT Target Global announces postponement of Extraordinary General Meeting - Target Global Acquisition I Corp. announced its Extraordinary General Meeting of shareholders, which was originally scheduled for June 26, 2024, has been postponed to 12:00 p.m. Eastern Time, on Monday, July 1, 2024. The Postponed Extraordinary General Meeting will be held at the offices of Orrick, Herrington & Sutcliffe LLP, located at 51 West 52nd Street, New York, New York 10019. The record date remains the close of business, Eastern Time, on May 22, 2024. At the Postponed Extraordinary General Meeting, shareholders will be asked to vote on proposals to further amend the Company's Amended and Restated Memorandum and Articles of Association to eliminate the requirement to make monthly cash deposits to the Trust Account in order to extend the date by which the Company has to consummate an initial business combination from July 8, 2024 to December 9, 2024 and to allow the Company, without another shareholder vote, to elect to further extend the Termination Date, if the Company has by the Articles Extension Date entered into a letter of intent or definitive binding agreement to consummate a Business Combination, on a monthly basis for up to six times by an additional one month each time after the Articles Extension Date, by resolution of the Company's board of directors, and upon one calendar days' advance notice prior to the applicable Termination Date, until June 9, 2025, unless the closing of a Business Combination shall have occurred prior thereto; to amend that certain Investment Management Trust Agreement, dated December 8, 2021 by and between the Company and Continental Stock Transfer & Trust Company, a New York corporation, as trustee, to change the date on which Continental must commence liquidation of the trust account established in connection with the Company's initial public offering to the earliest of the Company's completion of a Business Combination; the Articles Extension Date; and the Additional Articles Extension Date; to re-appoint each of Mr. Lars Hinrichs and Ms. Sigal Regev as Class II directors on the Company's board of directors; and to ratify the selection by the Company's audit committee of Marcum LLP as the Company's independent registered public accounting firm for the Company's fiscal year ending December 31, 2024. The Proposals are described in detail in the definitive proxy statement related to the Extraordinary General Meeting filed by the Company with the Securities and Exchange Commission on June 17, 2024. As a result of this change, the Company has extended the deadline for holders of its Class A ordinary shares to submit their publicly held shares for redemption to 5:00 p.m. Eastern Time on Thursday, June 27, 2024.
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GFAI | Hot Stocks07:24 EDT Guardforce AI gets 5-year deal to operate cash center in Chiangmai, no terms - Guardforce announced Guardforce Cash Solutions Security company GFCS , a subsidiary of Guardforce AI, has successfully secured a 5-year contract to operate Consolidated Cash Center CCC in Chiangmai on behalf of the Bank of Thailand BOT , commencing at the end of 2024. Prior to winning the contract in Chiangmai, GFCS had already secured multiple 5-year contracts to operate CCCs in Ubonratchathani, Phitsanulok, Hadyai, and Khon Kaen over the past three years. With the addition of Chiangmai CCC, GFCS will become the largest CCC operator on behalf of BOT, managing five CCCs in total, which accounts for 50% of BOT's CCCs. Through the five CCCs, the service range covers 44 out of 77 provinces and approximately 1,900 ATMs, spanning from the north and northeast to the far south of the country.
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OI | Hot Stocks07:23 EDT O-I Glass, GridBeyond to establish battery storage system in Alloa, UK - O-I Glass and GridBeyond plan to implement a battery storage solution at O-I's Alloa, UK facility. The innovative 8MW battery system and supporting energy management system leverages artificial intelligence to significantly enhance energy efficiency, resilience and sustainability By strategically charging and discharging the battery based on grid conditions, GridBeyond's AI-powered system helps to stabilize the local electricity grid during peak periods, increases O-I's resilience against brownouts, and improves the grid's efficiency and sustainability. It allows charging during times of high renewable energy availability and discharging energy to the site at peak hours of demand. With this approach, O-I is projected to conserve up to 240 tons of CO2 emissions annually at the Alloa facility once the project is operational.
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EMOTF | Hot Stocks07:22 EDT Emerita Resources intersects high grade copper-gold mineralization at El Cura - Emerita Resources has intersected significant new mineralization in drilling at El Cura deposit area, part of Emerita's wholly owned Iberian Belt West project. IBW hosts three previously identified Volcanogenic Massive Sulfide deposits: La Infanta, La Romanera and El Cura. Results contained in this news release are from El Cura deposit area only. All three IBW deposits are open for expansion along strike and at depth. Drill Hole EC013 intersected 10.6 m grading 1.7% copper, 0.95 g/t gold and 35.46 g/7 silver. This is the deepest and thickest intercept to date on El Cura area at approximately 300 m vertical depth. Hole EC012 intersected 3.4 m grading 1.7% copper, 3.09 g/t gold and 49.3 g/t silver. Hole EC008 intersected 2.6 meters grading 1.8% copper, 1.51 g/t gold and 73 g/t silver. Mineralization has been intersected from near-surface to approximately 300 m vertical and appears to be getting thicker at depth. Follow up drilling in progress. Intercepts are more than 600 m west of the historic El Cura mine workings.
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CNSWF | Hot Stocks07:20 EDT Constellation Software announces launch of Omegro organization - The company announced the official launch of Omegro, a new, global organization bringing together businesses from Volaris, an operating group of Constellation Software, that support customers across all aspects of the supply chain and supporting eco-system. Omegro's businesses offer a wide range of software applications such as warehousing & inventory control, ERP & CRM, fleet & logistics management, asset maintenance and process automation. Kevin Bradley and Troy O'Connor have been named Co-CEOs. Omegro is home to more than 30 business units representing over 15,000 customers, 2,000 employees, operating from 40 offices and serves customers in more than 70 countries around the world. Today's launch of Omegro, brings these businesses together under a global values-based banner, with a people-first focus to provide a permanent and safe home for software companies seeking to continue their legacy and provide long-term sustainable growth for their people and their businesses. Omegro's businesses maintain their brands and continue to service customers with the support of a larger organization with Omegro. Businesses can access Omegro's best practices, industry leadership and global presence. Omegro is made up of Adapt IT, Akuiteo, AMS Life Insurance and Workforce Management, CentroAssist, CPR Vision, Drams, Evolis, FIVE x 5, Gaina, Helm, Holocentric Enterprise and Holocentric Federal Government, IDEA, Incom, Infoview, Lutra, Shipnet, Smartrak, Spectec and Spectec Cruise, ValuePro and Worldwide Chain Stores.
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KVHI | Hot Stocks07:19 EDT KVH Industries announces expanded relationship with Starlink, no terms - KVH Industries announced a greatly expanded relationship with Starlink through a bulk data distribution agreement with Starlink. The new agreement offers KVH increased flexibility in the development and sales of custom, cost-effective airtime plans using Starlink's mobile priority service. Under the agreement, KVH prepaid for access to a large block of Starlink data at favorable rates over a period of more than a year. In addition, KVH has added the Starlink Standard flat-panel terminals to its product offering alongside the Flat High Performance maritime terminal. "We are very excited to expand our Starlink portfolio, both with new hardware and the potential to offer custom data plans for marine applications," says Brent C. Bruun, KVH's chief executive officer. "Starlink is one of the fastest growing products in company history, as we almost doubled antenna shipments and activations in the first quarter of 2024 compared to the fourth quarter of 2023. Mariners are turning to KVH as they recognize the benefits we offer, both as an expert in Starlink data plans, activations, installation, and support as well as our 24/7/365 live airtime and technical support."
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VFF | Hot Stocks07:18 EDT Rose LifeScience announces quality upgrade to Pure Laine Big Pleasures - ROSE LifeScience announced a significant upgrade to its top-selling 28g dried-flower product Big Pleasures by Pure Laine. ROSE is adding Oxygen Absorbers to each package to improve product quality. Oxygen Absorbers, new to the cannabis industry, are designed to optimize packaging environments by significantly reducing oxygen levels. Big Pleasures by Pure Laine is a 28g rotating dried-flower product available in select retail stores across Canada, and was the top selling SKU in Canada in May. Updated packaging with Oxygen Absorbers is expected to roll out in early July. Rose LifeScience is majority owned by Village Farms International.
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TLRY | Hot Stocks07:13 EDT Tilray's Breckenridge Brewery releases collaboration with Abby Wren - Breckenridge Distillery announces its fourth edition of the Collectors Art Series, a partnership with Los Angeles based artist, Abby Wren which combines the art of blending color and blending whiskey. Wren's artwork will be featured on the fourth Collectors Art Series whiskey, the Breckenridge Sauternes Cask Finish, a 95-proof whiskey and 47.5% ABV. The Sauternes Cask Finish features aromas of white peach, apricot and caramel. On the palate, notes of butterscotch and orange with a beautiful white oak finish with notes of vanilla and white pepper. Breckenridge Collectors Art Series 4 will be available starting July 12, 2024, exclusively at Breckenridge Distillery and the Main Street Tasting Room in Breckenridge, Colorado, for $125.
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BTAI | Hot Stocks07:11 EDT BioXcel Therapeutics announces results from PMR study of IGALMI - BioXcel Therapeutics announced topline results from a post-marketing requirement study of IGALMI sublingual film that demonstrated no evidence of tachyphylaxis, tolerance, or withdrawal with the 180 mcg dose after seven days of PRN (as-needed) treatment. In the single-arm, open-label study, 28 inpatient adults with frequent episodes of agitation associated with bipolar disorders or schizophrenia self-administered 180 mcg dose of IGALMI as needed over seven days. A total of 83 episodes were treated. Efficacy Measurements: although this PMR study was not statistically powered to evaluate repeat-dose efficacy, changes in agitation were assessed through the Positive and Negative Syndrome Scale-Excitatory Component Score and the Clinical Global Impressions - Improvement Scale, the same measures as used in previous Phase 3 studies. Mean PEC score reduction was observed following all doses of IGALMI administered as needed over the treatment period. All patients showed improvement in agitation symptoms as assessed by the CGI-I Scale for all doses administered as needed over the treatment period Prior to treatment with IGALMI, most patients exhibited mild to moderate agitation as assessed by the Agitation Calmness Evaluation Scale. ACES scores post-dose revealed a marked calming effect with no patient experiencing unarousable somnolence. In addition, no withdrawal or rebound phenomena were observed. Safety and Tolerability Results: The 180 mcg dose of IGALMI was generally well tolerated and showed favorable safety results in treating patients with frequent episodes of agitation. There were no discontinuations due to adverse events. No serious adverse events were reported.
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GNSS | Hot Stocks07:10 EDT Genasys announces $900K in LRAD defense orders from Middle East - Genasys announced new and follow-on defense orders from the Middle East. The follow-on order is part of a previously announced foreign military sales FMS contract award to deploy LRAD systems on shore installations and naval ships. The combined value of the original award and the follow-on order is over $2.7M. "International orders that have been delayed are starting to come in", said Richard S. Danforth, Chief Executive Officer of Genasys. "FMS orders, the Puerto Rico dams project, the Common Remotely Operated Weapon Station or CROWS Effectors program, and other LRAD and ACOUSTICS business are expected to drive record pipeline and backlog and position the Company for significant revenue growth next fiscal year and beyond." Domestic and international defense forces are required to support the full spectrum of missions, from combat and counterinsurgency to disaster response and humanitarian assistance. Regardless of the assigned mission, clear communication and scalable escalation of force, EOF, are critical to mission success. Exclusive to LRAD is Genasys' proprietary technology that focuses audible voice and tone transmissions forward from close range to more than 5,500 meters to communicate with exceptional clarity and intelligibility, and safely initiate and scale EOF.
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AUR UBER | Hot Stocks11:09 EDT Aurora Innovation, Uber Freight launch Premier Autonomy program - Uber Freight (UBER) and Aurora Innovation (AUR) are launching Premier Autonomy, a new program providing early access to over 1 billion of Aurora's driverless miles to Uber Freight carriers through 2030. The program is the latest in their longstanding partnership to integrate and deploy autonomous trucks on the Uber Freight network to enable carriers of all sizes to improve utilization and enhance business efficiency through autonomous technology. Additionally, Uber Freight will be one of Aurora's first customers on its Dallas-to-Houston freight route, with driverless hauls for shippers expected at the end of 2024.
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HOWL | Hot Stocks07:09 EDT Werewolf announces initial trial results evaluating INDUKINE for lymphoma - Werewolf Therapeutics announced initial results from the Phase 1 clinical trial evaluating WTX-330, its conditionally activated interleukin-12 or IL-12, INDUKINE molecule, as monotherapy in patients with immunotherapy insensitive or resistant locally advanced or metastatic solid tumors or non-Hodgkin lymphoma. "Our focus at Werewolf is grounded in advancing a pipeline of next generation, transformative immuno-stimulatory medicines," said Daniel J. Hicklin, Ph.D., President and Chief Executive Officer of Werewolf. "These preliminary clinical data show promising tolerability and signals of efficacy of WTX-330 in heavily pretreated patients with late-stage solid tumors. We look forward to continued advancement of WTX-330 and further understanding the potential clinical benefit for this molecule." IL-12 therapy holds tremendous promise for immune-resistant cancer patients but has been historically limited by severe toxicity, like many cytokines. Werewolf is developing a novel, conditionally activated IL-12, WTX-330, in order to overcome this key limitation with its systemically administered, tissue-targeted technology, optimizing its therapeutic index so that efficacious doses can be delivered for clinical impact.
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NFYEF | Hot Stocks07:06 EDT NFI Group's Alexander Dennis receives order for 244 buses from Stagecoach - NFI Group subsidiary Alexander Dennis announced that it has taken a firm order from transport group Stagecoach for 244 of its next-generation zero-emission buses. Stagecoach supported numerous local authorities across England in successful bids to the second round of the UK Government's Zero-Emission Regional Bus Areas scheme. Following the funding award, the group has now been able to place the largest single order of Alexander Dennis' zero-emission buses to date.
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VBNK | Hot Stocks07:06 EDT VersaBank receives Canadian regulatory approval for acquisition of Stearns Bank - VersaBank has received approval from its Canadian regulator, the Office of the Superintendent of Financial Institutions, to proceed with VersaBank's acquisition of Minnesota-based Stearns Bank Holdingford. OSFI's approval follows approvals by U.S. regulators and is the final approval required to enable VersaBank to complete the U.S. Bank Acquisition. VersaBank is targeting close of the U.S. Bank Acquisition for August 30. Stearns Holdingford is an independent OCC-chartered national bank with $79M in assets located in Holdingford, Minnesota that is wholly owned by Stearns Financial Services. Stearns Financial, a multi-bank holding company owning two additional and separate national bank charters, Stearns Bank Upsala National Association and Stearns Financial's flagship and largest national bank, Stearns Bank National Association - headquartered in St. Cloud, Minnesota -, is not part of the VersaBank transaction and will continue to exist and operate independently.
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IPA | Hot Stocks07:06 EDT ImmunoPrecise Antibodies, PGxAI announce strategic collaboration - ImmunoPrecise Antibodies announced that its subsidiary, BioStrand, is collaborating with PGxAI to leverage BioStrand's patented Foundation AI Model, LENSai. This collaboration advances the precision medicine field of pharmacogenomics and supports LENSai Application Programming Interface commercial rollout through expanding LENSai features and market reach. "The work we've begun with PGxAI marks a significant application of LENSai to a critical real-world challenge, enabling the development of a unique pharmacogenomics AI model," said Dr. Jennifer Bath, President, and CEO of IPA. "With more genomic data and new pharmacogenetic insights, more advanced methods are urgently needed to analyze and predict treatment responses and adverse drug reactions. We believe that LENSai offers a potentially groundbreaking approach to creating an adaptive AI model that is designed to predict individual patient responses to both existing and new drugs."
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LL | Hot Stocks07:05 EDT F9 Investments notes another shareholder of LL Flooring supports F9 nominees - F9 Investments, which together with its affiliates collectively owns approximately 8.85% of LL Flooring Holdings, noted that another significant Company shareholder, Donovan Royal, has independently voiced strong concerns regarding LL Flooring's current strategy and leadership and has reiterated support for the election of F9's three highly qualified nominees to the Company's Board of Director at its 2024 Annual Meeting to be held on July 10, 2024. Mr. Royal is not affiliated with F9 Investments. Donovan Royal, a longtime flooring industry executive who holds approximately 4.6% of LL Flooring's outstanding common stock as of the Company's 2024 record date, yesterday issued a statement addressing certain mischaracterizations in LL Flooring's most recent proxy materials regarding F9's nominees and called out the Board for its failure to take accountability for the Company's abysmal performance which has left LL Flooring at risk of going out of business.
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GHG | Hot Stocks07:05 EDT GreenTree Hospitality reaffirms 2024 hotel business revenue growth view 7%-12% - The company said, "Based on our performance in the first five months of this year, we maintain our previous revenue guidance for the hotel business, that we expect to grow 7% to 12% year-over-year. We are withdrawing our guidance for the restaurant business given the significant revenue unpredictability resulting from its strategic repositioning."
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IP DITHF | Hot Stocks11:04 EDT International Paper's combination with DS Smith reaches HSR period expiration - International Paper (IP) and DS Smith (DITHF) announced the expiration of the waiting period under the Hart-Scott-Rodino Act - the HSR Act - for the proposed combination of DS Smith with International Paper. This expiration removes the HSR Act's bar to closing. Completion of the combination remains subject to the satisfaction or waiver of the remaining conditions, including regulatory clearance being received from the European Commission and the sanctioning of the Scheme by the Court. International Paper and DS Smith still expect the Scheme to become effective in Q4.
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TSLA | Hot Stocks07:04 EDT Tesla recalling over 11,000 2024 Cybertrucks to fix problems with trim pieces - Tesla is recalling 11,383 model year 2024 Cybertruck vehicles manufactured from November 13, 2023, to May 26, 2024, the NHTSA says in documents posted to its website. The Cybertruck is equipped with a cosmetic applique along the exterior of the trunk bed trim, known as the sail applique, which is affixed to the vehicle with adhesive. On affected vehicles, the sail applique or adhesion may not have been installed according to specification, which may cause the sail applique to become loose or separate from the vehicle. If the applique separates from the vehicle while in drive, it could create a road hazard for following motorists and increase their risk of injury or a collision, the NHTSA said. As of June 12, 2024, Tesla is not aware of any collisions, injuries, or deaths relating to this condition. Reference Link
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TRAK | Hot Stocks07:04 EDT ReposiTrak prepares to welcome 25 new companies into queue for RTN - ReposiTrak is preparing to welcome 25 new confectionery companies into the queue for the ReposiTrak Traceability Network, RTN. These new members will efficiently exchange intricate, FDA-required Key Data Elements for each Critical Tracking Event in their supply chains, ensuring proactive compliance well before the January 2026 deadline. "As industry leaders queue up for the ReposiTrak Traceability Network, they are setting an example in regulatory compliance and supply chain efficiency," stated Randy Fields, chairman and CEO of ReposiTrak. "Our platform enables these suppliers to share traceability data with all their networked customers efficiently and without the need for additional hardware or software."
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YOU | Hot Stocks07:02 EDT Clear Secure announces seven new locations - Clear Secure continues to expand locations to enroll and renew consumers in the Trusted Traveler program by opening 7 new locations. CLEAR now has 27 TSA PreCheck enrollment locations open across the U.S. The launch of the enrollment location at these 7 airports represents the ongoing expansion of CLEAR's national TSA PreCheck enrollment footprint. Throughout 2024, CLEAR will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals. The 7 new locations include: Hartsfield-Jackson Atlanta International Airport (ATL); Austin-Bergstrom International Airport (AUS); Denver International Airport (DEN); Detroit Metropolitan Wayne County Airport (DTW); Rhode Island T.F. Green International Airport (PVD); San Jose Mineta International Airport (SJC); Luis Munoz Marin International Airport (SJU).
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QNCX | Hot Stocks07:02 EDT Quince Therapeutics announces first patient dosed in Phase 3 trial of EryDex - Quince Therapeutics announced that the first patient has been dosed in the company's Phase 3 NEAT clinical trial to evaluate the neurological effects of EryDex in patients with Ataxia-Telangiectasia. This pivotal Phase 3 study will be conducted under a Special Protocol Assessment agreement with the U.S. Food & Drug Administration. "The initiation of our pivotal Phase 3 NEAT study is a major milestone for Quince, and an opportunity for patients living with the devastating effects of Ataxia-Telangiectasia to participate in research seeking to identify a beneficial therapeutic solution," said Dirk Thye, M.D., Quince's Chief Executive Officer and Chief Medical Officer. "There are currently no approved therapeutic treatments in any global market for this rare pediatric disease, and our primary corporate objective is to change that for patients with A-T and their families."
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MASS | Hot Stocks07:02 EDT 908 Devices appoints Leonhart to Board of Directors - 908 Devices has appointed Michele Leonhart, the former Administrator of the United States Drug Enforcement Administration, DEA, to serve on its Board of Directors effective immediately. Leonhart brings a deep understanding of our customers in law enforcement and adjacent markets. Her 34-year career in the DEA encompassed various positions with increasing levels of responsibility. Leonhart retired from the DEA in 2015 and has served on the Board of Directors of the non-profit D.A.R.E America / D.A.R.E. International since 2015, and as its Board Chair since 2018.
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GRMN | Hot Stocks06:59 EDT Garmin unveils Edge 1050 cycling computer - Garmin announced Edge 1050, its brightest, smartest and most connected cycling computer ever. Boasting a vibrant touchscreen display, Edge 1050 combines superior navigation, performance tracking, cycling awareness and smart connectivity-all while impressively delivering up to 20 hours of battery life in the most demanding use cases and up to 60 hours in battery saver mode. Packed with features to help foster a more cohesive cycling community, cyclists can receive road hazard alerts reported by fellow cyclists and see in-ride messaging and leaderboards during group rides1. Plus, new additions like on-device course creation, Garmin Pay, a built-in speaker and more help make every ride better.
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IONS | Hot Stocks06:58 EDT Ionis Pharmaceuticals announces FDA acceptance of olezarsen NDA - Ionis Pharmaceuticals announced that the U.S. Food and Drug Administration has accepted for Priority Review the New Drug Application for olezarsen, an investigational RNA-targeted medicine for the treatment of adults with familial chylomicronemia syndrome. The FDA has set an action date of December 19, 2024 and indicated they are not currently planning an advisory committee meeting for olezarsen. he application to the FDA was based on positive results from Balance, a global, multicenter, randomized, double-blind, placebo-controlled Phase 3 study. The study results were presented at the 2024 American College of Cardiology Annual Meeting and published simultaneously in The New England Journal of Medicine. The U.S. FDA granted olezarsen Fast Track designation for the treatment of FCS in January 2023, as well as Orphan Drug designation and Breakthrough Therapy designation in February 2024. Ionis is planning additional regulatory filings for the treatment of FCS in the European Union this year.
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CVRX | Hot Stocks06:52 EDT CVRx appoints Robert Allen John as Chief Revenue Officer - CVRx appointed Robert John as Chief Revenue Officer effective June 27. John most recently served as Divisional Vice President and General Manager of Cardiac Rhythm Management EMEA at Abbott, where he led a global business unit spanning over 90 countries. Prior to this role, he was first Senior Vice President, then the Divisional Vice President of the Heart Failure business. Prior to Abbott/St. Jude, John held commercial roles at Medtronic, Guidant and Pfizer.
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IGT | Hot Stocks06:50 EDT International Game awarded contract by Ohio Lottery Commission - International Game Technology has won a competitive bidding process to provide the Ohio Lottery Commission's video lottery terminal central monitoring system, with a contract effective May 31, 2024 through June 30, 2033. The agreement includes an option for Ohio to renew the contract for up to two additional one-year terms. Under the terms of the agreement, IGT will provide its advanced Intelligent central monitoring system hardware and software, with continual monitoring and support for more than 10,000 video lottery terminal machines distributed throughout seven racinos across Ohio: Belterra Park Cincinnati, Eldorado Scioto Downs, Jack Thistledown Racino, Hollywood Gaming Dayton Raceway, Hollywood Gaming Mahoning Valley Race Course, MGM Northfield Park and Miami Valley Gaming.
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VIAV | Hot Stocks06:35 EDT Viavi provides benchmarking, validation at Spring 2024 O-RAN PlugFest - Viavi Solutions shared the company's role in the Spring 2024 PlugFest organized by the O-RAN ALLIANCE. Participating in its eighth consecutive PlugFest, VIAVI contributed its solutions and expertise to validate new products, specifications and use cases in order to improve deployment outcomes. In particular, VIAVI and Rohde & Schwarz conducted conformance testing of O-RAN Radio Units from multiple vendors, based on a joint testbed focused on Open Radio Commercialization and Innovation. "VIAVI is proud to be a leader within the O-RAN ALLIANCE and to have contributed to every PlugFest the organization has ever sponsored," said Dr. Sameh Yamany, Chief Technology Officer, VIAVI. "Over time, testing has evolved from conformance of new products to higher order needs such as security and energy savings. However, the recent announcement from U.S. NTIA on Open Radio commercialization and innovation makes it clear that fundamental performance and interoperability remain critical."
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AZN | Hot Stocks06:35 EDT AstraZeneca's Imfinzi demonstrated statistically significant improvement - Positive high-level results from the NIAGARA Phase III trial showed AstraZeneca's Imfinzi in combination with chemotherapy demonstrated a statistically significant and clinically meaningful improvement in the primary endpoint of event-free survival and the key secondary endpoint of overall survival versus neoadjuvant chemotherapy for patients with muscle-invasive bladder cancer. Imfinzi was generally well-tolerated and no new safety concerns were observed in either the neoadjuvant or adjuvant setting. The safety profile of Imfinzi and neoadjuvant chemotherapy was consistent with the known profile of the individual medicines. The addition of Imfinzi did not increase the discontinuation rate due to adverse events and did not compromise patients' ability to complete surgery compared to neoadjuvant chemotherapy alone.
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AZN | Hot Stocks06:34 EDT AstraZeneca's Tagrisso approved in Japan for 1st-line treatment - AstraZeneca's Tagrisso, osimertinib, with the addition of pemetrexed and platinum-based chemotherapy has been approved in Japan for the 1st-line treatment of adult patients with locally advanced or metastatic epidermal growth factor receptor-mutated non-small cell lung cancer, NSCLC, whose tumours have exon 19 deletions or exon 21 mutations. The approval by the Japanese Pharmaceuticals and Medical Device Agency, PMDA, was based on the results from the FLAURA2 Phase III trial, which were also published in The New England Journal of Medicine. Results showed Tagrisso with the addition of chemotherapy reduced the risk of disease progression or death by 38% by investigator assessment compared to Tagrisso monotherapy, which is the 1st-line global standard of care. Median progression-free survival was 25.5 months for patients treated with Tagrisso plus chemotherapy, an 8.8-month improvement versus Tagrisso monotherapy. PFS results by blinded independent central review were consistent with results by investigator assessment, showing 29.4 months median PFS with Tagrisso plus chemotherapy, a 9.5-month improvement over Tagrisso monotherapy. While the overall survival remained immature at the second interim analysis, an encouraging trend towards an OS benefit was observed with Tagrisso plus chemotherapy versus Tagrisso alone, presented at the 2024 European Lung Cancer Congress in Prague, Czech Republic. The trial continues to assess OS as a key secondary endpoint.
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TGT | Hot Stocks06:33 EDT Target names Christina Hennington chief strategy, growth officer, Rick Gomez CCO - Target Corporation announced it has named Christina Hennington, currently chief growth officer, as chief strategy and growth officer, and Rick Gomez, currently chief food, essentials and beauty officer, as chief commercial officer, overseeing Target's merchandising business, both effective July 7. Lisa Roath, Target's chief marketing officer, will take on the role of chief merchandising officer of food, essentials and beauty in early 2025. The company is initiating an external search for its next chief marketing officer and, until a successor is named, Roath will remain in full capacity as chief marketing officer. As chief strategy and growth officer, Hennington will work closely with Cornell, Fiddelke and the rest of Target's leadership team to build on the retailer's roadmap for growth, ensuring the strategy remains relevant and differentiated as the company plans into its next growth horizon. Hennington and her team also will play a critical role in supporting the organization as it continues to evolve and modernize how it operates, including harnessing the role of technology and generative AI to enhance the working and shopping experience at Target. Additionally, Hennington will be responsible for further strengthening relationships with Target's strategic partners and identifying new partnerships that will differentiate and drive the retailer's business. Hennington will continue to report to Cornell. As chief commercial officer, Gomez will have full oversight of Target's merchandising business, including its apparel and accessories, home, hardlines, food, essentials and beauty product categories, owned brand sourcing and design and merchandising planning and capabilities. Under Gomez's leadership, Target will continue to lean into its well-established authority in merchandising, flexing its multicategory assortment to meet the evolving wants and needs of current and prospective guests with speed and agility across its commercial businesses. Gomez will report to Cornell. Early next year, Roath will take on the role of the retailer's chief merchandising officer of food, essentials and beauty. In that role, Roath will report to Gomez. Until that time, Roath will remain in full capacity as Target's chief marketing officer and will continue to report to Cara Sylvester, Target's chief guest experience officer.
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CLNE | Hot Stocks06:32 EDT Clean Energy opens RNG station in Philadelphia-South Jersey area - Clean Energy announced the opening of a new renewable natural gas - RNG - station in Carney's Point, New Jersey for heavy-duty trucks and other fleet vehicles to access a fuel produced from organic waste and is rated the cleanest available. The new station is located in the trucking corridor between Philadelphia and Wilmington, DE near Interstate 295 and the New Jersey Turnpike and is now part of Clean Energy's fueling network of over 600 stations in North America. Clean Energy is also investing in the production of RNG at dairy farms. This allows RNG to be one of the only transportation fuels to receive a negative carbon-intensity score by the California Air Resources Board based on the reduction of emissions at the source and at the vehicle.
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BJ | Hot Stocks06:32 EDT BJ's Wholesale to open new clubs in New Jersey, North Carolina in 2025 - BJ's Wholesale announced the locations of its newest clubs, set to open in early 2025. The clubs in Hanover Township and Southern Pines will mark the retailer's 25th club in New Jersey and 10th in North Carolina. The company announced earlier this year eight new clubs opening across the Southeast, Midwest and Northeast, as well as expansion into its 21st state with an opening in Louisville, KY in early 2025.
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AZN | Hot Stocks06:29 EDT AstraZeneca says ADJUVANT BR.31 Phase III trial did not achieve primary endpoint - High-level results from the ADJUVANT BR.31 Phase III trial, sponsored by the Canadian Cancer Trials Group, showed Imfinzi did not achieve statistical significance for the primary endpoint of disease-free survival, or DFS, versus placebo in early-stage non-small cell lung cancer, or NSCLC, after complete tumour resection in patients whose tumours express PD-L1 on 25% or more tumour cells, AstraZeneca announced. Imfinzi is also being investigated as monotherapy and in combinations in several other early-stage lung cancer settings, including in medically inoperable or unresected Stage I-II NSCLC and unresectable, Stage III NSCLC, the company noted. Susan Galbraith, Executive Vice President, Oncology R&D, AstraZeneca, said: "We are disappointed in the ADJUVANT BR.31 results. Imfinzi has helped change the treatment landscape and achieved multiple positive Phase III trials for patients with earlier stages of lung cancer. We are committed to addressing the remaining unmet need in lung cancer through our broad development programme."
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TNET | Hot Stocks06:18 EDT TriNet announces series of new product enhancements, capabilities - TriNet announced a series of new product enhancements, capabilities and strategic partners designed to meet the needs of its customers in today's ever-evolving business environment. These announcements were made today in Chicago at the Society for Human Resource Management Annual Conference and Expo 2024. TriNet's announced marketplace and product enhancements include the following: Marketplace: Through TriNet's thoughtfully curated network of solutions for SMBs, customers can confidently and conveniently find solutions to their ever-changing needs. This update will provide: A reputable network of solutions for confident decision-making, in a convenient online platform. Easily sort from a range of categories: HR, finance, talent acquisition, recruiting, global workforce, expense, security and more. Preferred pricing on a number of solutions that translates into potential cost savings for its customers. Prebuilt integrations that connect and sync data across select applications for greater security, accuracy and efficiency. Additionally, its customers can conveniently access single sign-on to select integrated apps. Global Workforce: TriNet is partnering with leading global employment platforms Oyster and Multiplier to support the international growth of its customers. The collaboration will include prebuilt integrations allowing customers to visualize and track their full workforce, US and international, from TriNet's PEO platform and with global employment platform partners. Mobile app, payroll run approval: New mobile app feature will allow administrators to review and approve payroll runs while on the go. Administrators will be able to efficiently manage the time-sensitive nature of payroll processing with a few quick taps. This new app feature will be available on TriNet PEO. Earned Wage Access: Delivered through an integration with digital banking app Clair, SMBs can now offer their employees early access to earned wages and other financial wellness services at no additional cost to the business or the employees. This offering can help businesses improve retention, increase productivity, and support their employees' financial well-being. Available now with payroll on TriNet's HR Platform.
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MSFT | Hot Stocks06:08 EDT EU charges Microsoft with antitrust violations over Teams bundling practices - The European Commission has informed Microsoft of its preliminary view that Microsoft has breached EU antitrust rules by tying its communication and collaboration product Teams to its popular productivity applications included in its suites for businesses Office 365 and Microsoft 365. The Commission preliminarily finds that Microsoft is dominant worldwide in the market for SaaS productivity applications for professional use. The Commission is concerned that, since at least April 2019, Microsoft has been tying Teams with its core SaaS productivity applications, thereby restricting competition on the market for communication and collaboration products and defending its market position in productivity software and its suites-centric model from competing suppliers of individual software. In particular, the Commission is concerned that Microsoft may have granted Teams a distribution advantage by not giving customers the choice whether or not to acquire access to Teams when they subscribe to their SaaS productivity applications. This advantage may have been further exacerbated by interoperability limitations between Teams' competitors and Microsoft's offerings. The conduct may have prevented Teams' rivals from competing, and in turn innovating, to the detriment of customers in the European Economic Area. If confirmed, these practices would infringe Article 102 of the Treaty on the Functioning of the European Union, which prohibits the abuse of a dominant market position. After the Commission opened proceedings in July 2023, Microsoft introduced changes in the way it distributes Teams. In particular, Microsoft started offering some suites without Teams. The Commission preliminarily finds that these changes are insufficient to address its concerns and that more changes to Microsoft's conduct are necessary to restore competition. "We are concerned that Microsoft may be giving its own communication product Teams an undue advantage over competitors, by tying it to its popular productivity suites for businesses. And preserving competition for remote communication and collaboration tools is essential as it also fosters innovation on these markets. If confirmed, Microsoft's conduct would be illegal under our competition rules. Microsoft now has the opportunity to reply to our concerns," said Margrethe Vestager, Executive Vice-President in charge of competition policy. Reference Link
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IDYA GILD | Hot Stocks10:07 EDT Ideaya announces first-patient-in for Phase 1 trial of IDE397 with Trodelvy - IDEAYA Biosciences (IDYA) has dosed its first patient in the IDEAYA-sponsored Phase 1 trial evaluating the combination of IDE397, IDEAYA's investigational MAT2A inhibitor, and Trodelvy, Gilead's (GILD) Trop-2 directed ADC, in patients with MTAP-deletion bladder cancer. The IDE397 and Trodelvy combination Phase 1 trial is included as an arm of an ongoing IDEAYA-sponsored clinical trial, which includes a Phase 2 expansion arm of IDE397 monotherapy in MTAP-deletion solid tumors. The global Phase 1 clinical trial will evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics and efficacy of IDE397 in combination with Trodelvy. IDE397 is a potent and selective small molecule inhibitor targeting methionine adenosyltransferase 2 alpha in patients having solid tumors with methylthioadenosine phosphorylase deletion. Gilead's Trodelvy is currently approved in nearly 50 countries for 2L metastatic triple-negative breast cancer and in more than 30 countries for pre-treated HR+/HER2- metastatic breast cancer. In the U.S., Trodelvy has an accelerated approval for the treatment of patients with locally advanced or metastatic urothelial cancer who have previously received a platinum-containing chemotherapy and anti-PD-(L)1 therapy. Pursuant to the clinical study collaboration and supply agreement, IDEAYA and Gilead retain the commercial rights to its respective compounds, including with respect to use as a monotherapy or combination agent. IDEAYA is the study sponsor and Gilead will provide the supply of Trodelvy to IDEAYA.
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AMZN | Hot Stocks06:06 EDT Amazon.com announces Prime Day from July 16-17 - Amazon announced customers can save big this summer during its 10th Prime Day event. From July 16 at 12:01 a.m. PDT through July 17, Prime members get exclusive access to millions of deals across more than 35 categories including electronics, kitchen, beauty, and apparel. New deals will continue to drop as often as every 5 minutes during select periods throughout the event, so members can come back and shop often to find something they love. Back this year, ahead of the event, Prime members can also request an invitation to access Invite-only deals-exclusive Prime Day deals expected to sell out-including up to 40% off Sony Wireless Headphones and up to 30% off Peloton products. Not a Prime member yet? It's not too late to join Prime and start saving! Customers can join Prime or start a free trial at amazon.com/primeday to participate in this member-exclusive event with fast, free delivery and get the most out of Amazon.
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GGR BP | Hot Stocks10:04 EDT Castrol to invest up to $50M in Gogoro - Castrol, part of the bp group (BP), announced an investment of up to $50 million in Gogoro (GGR). In the first tranche of the investment, Castrol Holdings, an affiliate of Castrol, will invest $25 million in ordinary shares of Gogoro. This investment is expected to be followed by a second $25 million investment in the form of a convertible note, which is subject to the consummation of certain transactions by the parties in connection with their business collaboration. The first tranche investment will result in Castrol acquiring approximately 5.72% of Gogoro's outstanding ordinary shares and it will be Castrol's first step to unlock diversification opportunities beyond its core lubricants and fluids business under its new 'Onward, Upward, Forward' strategy.
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STI | Hot Stocks06:03 EDT Solidion expaniding production capacity of silicon-graphene composite materials - Solidion plans to begin expanding the production capacity of silicon-rich graphene composite materials in early 2025. Although graphite has been the preferred anode material during the past 30 years, silicon oxide and silicon are two evolving anode materials capable of improving the energy density of EV batteries and extending the EV range by 20-40%. Solidion has established a Dayton, Ohio-based facility for manufacturing silicon oxide and silicon. The Solidion team is ready to expand the production capacity for these two types of high-capacity anode materials. EV OEMs have concluded that silicon and silicon oxide anodes are required to drive EV battery technology to lower cost and provide higher energy density, significantly extending the EV driving range. Solidion has developed anode materials which fulfill requirements for next-generation EV batteries now specified by the industry.
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HALO RHHBY | Hot Stocks10:02 EDT Halozyme: Roche's OCREVUS SC with ENHANZE receives EC approval - Halozyme Therapeutics (HALO) announced that Roche (RHHBY) received European Commission marketing authorization of OCREVUS SC co-formulated with ENHANZE, Halozyme's proprietary recombinant human hyaluronidase enzyme, rHuPH20, for the treatment of relapsing multiple sclerosis and primary progressive multiple sclerosis. OCREVUS SC is a 10-minute injection that maintains the same twice-yearly schedule as the approved IV infusion. The SC injection was designed to be administered by healthcare professionals, with the flexibility to be administered either in the clinic or in settings outside the clinic.
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GS... | Hot Stocks10:02 EDT Goldman Sachs names John Hess to board - Effective June 24, The Goldman Sachs Group (GS) appointed John B. Hess as an independent member of the bank's Board of Directors. Hess has also been appointed to each of the company's Compensation, Corporate Governance and Nominating, and Risk Committees. Hess is the CEO of Hess Corporation (HES) and the Chairman and CEO of Hess Midstream LP (HESM). During 2023, Goldman Sachs served as financial advisor to Hess Corporation in connection with the announced sale of Hess Corporation to Chevron (CVX). In May 2023, Goldman Sachs acted as an underwriter in an approximately $330M public common stock offering for Hess Midstream in which an affiliate of Hess Corporation was a selling shareholder and received approximately $167M of the proceeds of the offering.
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BA | Hot Stocks00:38 EDT Boeing awarded $211M U.S. Navy contract - The Boeing Co is awarded a not-to-exceed $210,941,000 ceiling-priced delivery order N00383-24-F-YY1T under previously awarded basic ordering agreement for procurement of nine various configurations of flight control surface spares used on the F/A-18E/F and E/A-18G aircrafts. The delivery order does not include an option period.
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LHX | Hot Stocks00:37 EDT L3Harris Technologies awarded $999M U.S. Navy contract - 3Harris Technologies was awarded an indefinite-delivery/indefinite-quantity contract with a maximum potential value of $998,828,164 for the production, retrofits, development and sustainment of the Multifunctional Information Distribution System Joint Tactical Radio Systems terminals. Currently there are three variants of MIDS JTRS terminals: the Concurrent Multi-Netting-4, the Tactical Targeting Network Technology and the F-22 variant. These terminals will continue to be procured, sustained, and updated for future growth. Funds in the amount of $123,054,277 will be placed on contract and obligated on the first delivery order concurrent with contract award, which will meet the minimum order requirement. Fiscal 2024 aircraft procurement (Navy) funding in the amount of $34,416,320; other procurement (Navy) funding in the amount of $3,232,196; ship construction procurement (Navy) funding in the amount of $1,319,424; research development test and evaluation (Navy) funding in the amount of $1,647,166, will be obligated at time of award and will not expire at the end of the current fiscal year.
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ROKU | Hot Stocks20:04 EDT Cathie Wood's ARK Investment buys 33K shares of Roku today
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TXG | Hot Stocks20:04 EDT Cathie Wood's ARK Investment buys 354K shares of 10x Genomics today
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NKLA | Hot Stocks19:50 EDT Nikola trading halted, news pending
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CRKN | Hot Stocks19:50 EDT Crown Electrokinetics Corp. trading halted, news pending
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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.
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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.
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POOL | Hot Stocks18:31 EDT Pool Corp. sinks 11% to $300.55 after cutting outlook
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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POOL | Hot Stocks16:36 EDT Pool Corp. sinks 12% to $298 after cutting outlook on 'weak demand'
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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.
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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.
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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.
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POOL | Hot Stocks16:30 EDT Pool Corp. trading resumes
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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.
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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."
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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.
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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."
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CNS VLY | Hot Stocks16:18 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.
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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.
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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.
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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."
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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.
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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."
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ILMN GRAL | Hot Stocks16:08 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."
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BROS... | Hot Stocks16:08 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.
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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.
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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."
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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.
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GRAL ILMN | Hot Stocks16:05 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."
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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.
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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."
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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.
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POOL | Hot Stocks16:00 EDT Pool Corp. trading halted, news pending
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BITF... | Hot Stocks14:50 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.
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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.
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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.
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HXL EADSY | Hot Stocks13:22 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.
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DHAC | Hot Stocks13:19 EDT Digital Health Acquisition Corp trading resumes
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DHAC | Hot Stocks13:14 EDT Digital Health Acquisition Corp trading halted, volatility trading pause
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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
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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.
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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.
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SAVE | Hot Stocks12:05 EDT Spirit Airlines falls -9.0% - Spirit Airlines is down -9.0%, or -35c to $3.53.
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RMD | Hot Stocks12:04 EDT ResMed falls -11.3% - ResMed is down -11.3%, or -$23.33 to $182.50.
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INSP | Hot Stocks12:03 EDT Inspire Medical falls -14.6% - Inspire Medical is down -14.6%, or -$23.75 to $138.71.
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RDW | Hot Stocks12:02 EDT Redwire rises 15.3% - Redwire is up 15.3%, or 89c to $6.72.
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SKIL | Hot Stocks12:01 EDT Skillsoft rises 15.7% - Skillsoft is up 15.7%, or $1.62 to $11.94.
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RXO | Hot Stocks12:00 EDT RXO Inc. rises 23.2% - RXO Inc. is up 23.2%, or $4.69 to $24.90.
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XOM AIQUY | Hot Stocks11:46 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.
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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.
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RWOD WENA | Hot Stocks10:55 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.
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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
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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
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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.
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PNST | Hot Stocks10:04 EDT Pinstripes falls -6.7% - Pinstripes is down -6.7%, or -22c to $3.03.
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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.
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RMD | Hot Stocks10:03 EDT ResMed falls -10.7% - ResMed is down -10.7%, or -$22.07 to $183.76.
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INSP | Hot Stocks10:03 EDT Inspire Medical falls -13.2% - Inspire Medical is down -13.2%, or -$21.45 to $141.01.
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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.
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RDW | Hot Stocks10:02 EDT Redwire rises 6.5% - Redwire is up 6.5%, or 38c to $6.21.
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PUK | Hot Stocks10:01 EDT Prudential plc rises 7.3% - Prudential plc is up 7.3%, or $1.31 to $19.32.
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RXO | Hot Stocks10:00 EDT RXO Inc. rises 14.3% - RXO Inc. is up 14.3%, or $2.88 to $23.09.
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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.
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MYTE | Hot Stocks09:52 EDT Mytheresa falls -6.7% - Mytheresa is down -6.7%, or -33c to $4.60.
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SWVL | Hot Stocks09:51 EDT SWVL Holdings Corp trading resumes
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RMD | Hot Stocks09:51 EDT ResMed falls -7.5% - ResMed is down -7.5%, or -$15.54 to $190.29.
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LRE | Hot Stocks09:50 EDT Lead Real Estate Co Ltd (ADR) trading resumes
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INSP | Hot Stocks09:50 EDT Inspire Medical falls -10.8% - Inspire Medical is down -10.8%, or -$17.49 to $144.97.
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CDLR | Hot Stocks09:49 EDT Cadeler rises 6.5% - Cadeler is up 6.5%, or $1.57 to $25.58.
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PUK | Hot Stocks09:48 EDT Prudential plc rises 6.9% - Prudential plc is up 6.9%, or $1.25 to $19.26.
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RXO | Hot Stocks09:47 EDT RXO Inc. rises 13.3% - RXO Inc. is up 13.3%, or $2.68 to $22.89.
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LRE | Hot Stocks09:45 EDT Lead Real Estate Co Ltd (ADR) trading halted, volatility trading pause
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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.
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SWVL | Hot Stocks09:41 EDT SWVL Holdings Corp trading halted, volatility trading pause
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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."
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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.
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ML PINS | Hot Stocks09:06 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).
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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.
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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."
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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.
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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.
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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.
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AMX LILA | Hot Stocks09:03 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.
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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.
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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."
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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.
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RGF WMT | Hot Stocks09:02 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.
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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.
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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."
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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.
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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.
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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.
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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
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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...
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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.
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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.
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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.
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RIOT BITF | Hot Stocks08:52 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.
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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.
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IRDM ADTN | Hot Stocks08:50 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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."
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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".
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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.
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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.
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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."
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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.
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ODP TLS | Hot Stocks08:33 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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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.
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CRNC VLKAY | Hot Stocks08:14 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.
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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.
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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."
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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.
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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.
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ZBRA WBA | Hot Stocks08:12 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.
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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.
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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.
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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.
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SLNH NVDA | Hot Stocks08:09 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.
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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.
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BYRN HHS | Hot Stocks08:07 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.
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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."
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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.
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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."
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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."
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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.
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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.
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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.
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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.
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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."
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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.
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DPZ DAN | Hot Stocks07:12 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.
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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.
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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."
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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.
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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."
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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.
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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.
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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.
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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.
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ALTR HPQ | Hot Stocks07:01 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.
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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.
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ANIP ALIM | Hot Stocks06:55 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.
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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
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ANIP ALIM | Hot Stocks06:52 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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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."
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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.
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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.
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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.
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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.
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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.
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SON CCK | Hot Stocks06:10 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.
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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.
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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.
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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.
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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.
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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.
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TGT SHOP | Hot Stocks06:03 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.
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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.
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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.
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SON | Hot Stocks06:00 EDT Sonoco Products to acquire Eviosys for $3.9B
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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.
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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.
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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.
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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
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