Stockwinners Market Radar for August 13, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:22 EDT Cathie Wood's ARK Investment bought 119K shares of Intellia Therapeutics today

20:12 EDT Elliott Management confirms to nominate ten new Board directors at Southwest - The company states: "Elliott Investment Management, which manages funds that together have an approximately 11% economic interest in Southwest Airlines, announced that it intends to nominate ten independent, highly qualified candidates to the Company's Board. Elliott plans to move forward expeditiously to formally nominate the Candidates. Elliott has previously called for three steps to put Southwest on the path to restoring its industry-leading position: 1) reconstituting the Board; 2) installing new leadership; and 3) conducting a comprehensive business review. Today's announcement represents a key step toward implementing the urgent changes needed at Southwest. The urgency of change is underscored by the substantial continued deterioration in Southwest's performance since Elliott initially published its materials on June 10 and the Board's actions in response to further entrench itself and resist change. When nominated, these Candidates would give shareholders a choice between the Company's existing Board, which has delivered poor returns for shareholders and has not held management accountable for Southwest's unacceptable performance, or a new Board that brings relevant expertise, fresh thinking and accountability. These Candidates were selected through a months-long global search for the best individuals with the optimal mix of backgrounds and expertise to address Southwest's current challenges and deliver on the Company's potential. The final group of Candidates includes four former airline CEOs and Deputy CEOs and six Candidates with complementary expertise in technology, hospitality, consumer-focused businesses, labor relations and regulatory oversight, including experience leading organizational change in these areas."

18:57 EDT SentinelOne CEO Weingarten sells 60,864 class A shares - In a regulatory filing, SentinelOne president and CEO Tomer Weingarten disclosed the sale of 60,864 class A common shares of the company on August 12 at a price of $21.4687 per share.

18:17 EDT Franco-Nevada to be at lower end of gold sales guidance range for 2024 - The company states: "We expect to be at the lower end of our 2024 Total GEO sales guidance range of 480,000 to 540,000 GEOs. Our Diversified assets are expected to contribute fewer GEOs than initially anticipated based on the revised commodity prices we assume for the remainder of the year ($2,300/oz Au, $27.50/oz Ag, $950/oz Pt, $900/oz Pd, $110/tonne Fe 62% CFR China, $75/bbl WTI oil and $2.25/mcf Henry Hub natural gas). With respect to our Precious Metal assets, we anticipate stronger deliveries in the later half of the year. Production at Candelaria is forecasted to be more heavily weighted to H2 2024, and we expect to benefit from the ramp-up of production at several new mines, including Tocantinzinho, Greenstone and Salares Norte."

17:28 EDT M&T Bank vice chairman Pearson sells 6,095 common shares - In a regulatory filing, M&T Bank vice chairman Kevin Pearson disclosed the sale of 6,095 common shares of the company on August 9 at a price of $162.275 per share.

17:02 EDT Xwell responds to CPC Pain & Wellness SPV`s decision - XWELL issued the following statement in response to CPC Pain & Wellness SPV, LLC's decision to withdraw its threatened proxy fight and related lawsuit against XWELL, in connection with the Company's 2024 annual meeting of stockholders. Bruce Bernstein, Chairman of the Board stated, "We are pleased that CPC decided to withdraw its threatened proxy fight and lawsuit against XWELL related to our 2024 Annual Meeting. Looking ahead, we are fully focused on delivering on our strategic plan to drive durable, long-term value creation for stockholders. We are appreciative of the constructive engagement we've had with stockholders to-date and look forward to continued engagement with them leading up to XWELL's 2024 Annual Meeting."

16:51 EDT UTime regains compliance with Nasdaq - UTime announced that it received a formal notification from Nasdaq that the company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the company's ordinary shares to maintain a minimum bid price of $1.00 per share.

16:48 EDT Flutter says Illinois taxes will be mitigated through optimized spend - Flutter Entertainment (FLUT) said in its earnings release, "During Q2, the Illinois Gaming Board announced an increase in gaming taxes which became effective from July 1, 2024. We expect to directly mitigate 50% of the cost in 2025 through locally optimized promotional and marketing spend. This is prior to second order mitigation impacts such as in-state market share gains, which we have typically observed market leaders such as FanDuel to benefit from over time when regulatory changes are introduced." Shares of DraftKings (DKNG), which plans on charging Illinois customers a surcharge, are down 5% to $29.78 following Flutter's report.

16:41 EDT CytoSorbents appoints Peter Mariani as Chief Financial Officer - CytoSorbents announces the appointment of Peter J. Mariani as Chief Financial Officer CFO , effective August 1. Mr. Mariani will report to Dr. Phillip Chan, Chief Executive Officer of CytoSorbents. Concurrently, Kathleen P. Bloch, CytoSorbents' current CFO, announced her retirement from the Company effective as of the close of business today, and will continue to serve in an advisory role as a consultant to enable an effective transition.

16:39 EDT LL Flooring gets NYSE notice of delisting - LL Flooring announced that the Company was informed on August 12, 2024 by the New York Stock Exchange that based on the Company's and certain of its direct and indirect subsidiaries' voluntary petitions for relief under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware, the staff of NYSE Regulation determined that the Company is no longer suitable for listing pursuant to the NYSE Listed Company Manual Section 802.01D, and accordingly, determined to commence proceedings to delist the common stock of the Company from the NYSE and suspend trading in the Company's common stock immediately. The Company's common stock is expected to continue trading on the OTC market under the symbol "LLFLQ."

16:32 EDT Key Tronic says most unfulfilled orders recoverable in FY25 - The company said, "As previously disclosed, a cybersecurity incident caused disruptions and limited access to portions of the Company's business applications supporting operations and corporate functions at its Mexico and U.S. sites during the fourth quarter of fiscal 2024. During the disruption of business, Key Tronic continued to pay wages in accordance with statutory requirements. The Company also deployed new IT-related infrastructure and engaged cyber security experts to remediate the incident. As a result, the Company incurred additional expenses of approximately $2.3 million and was unable to fulfill approximately $15 million of revenue during the fourth quarter of fiscal year 2024. Most of these orders are recoverable and are expected to be fulfilled in fiscal year 2025.Partially offsetting these additional cybersecurity-related expenses was a favorable weakening of the Mexican Peso that began in the latter half of the fourth quarter, decreasing expenses by approximately $0.6 million during the fourth quarter for fiscal year 2024, as well as an insurance gain in the amount of approximately $0.7 million, related to losses incurred from storm damage to the Company's Arkansas facility in 2022."

16:31 EDT Benson Hill transfers listing to Nasdaq - Benson Hill announced that it will transfer its stock exchange listing to The Nasdaq Stock Market LLCfrom the New York Stock Exchange, effective Aug. 23, 2024, after market close. The Company expects to begin trading as a Nasdaq-listed company on Aug. 26, 2024, and its common stock will continue to trade under the symbol "BHIL."

16:30 EDT GrafTech names Rory O'Donnell as new CFO - GrafTech announced that the Company's Board of Directors has appointed Rory O'Donnell to the position of Chief Financial Officer and Senior Vice President of the Company, effective September 3, 2024. Mr. O'Donnell will serve as a member of the Company's executive leadership team and report directly to Chief Executive Officer and President Timothy Flanagan. He will be responsible for overseeing all financial aspects of the Company.

16:26 EDT Nasdaq exec Peterson sells 40,000 common shares - In a regulatory filing, Nasdaq executive vice president Bradley Peterson disclosed the sale of 40,000 common shares of the company on August 9 at a price of $67.79 per share.

16:00 EDT Grail Inc trading halted, news pending

14:24 EDT New Zeekr 5.5C EV batteries 'charge at fastest rate in the world' - Zeekr's (ZK) upgraded EV batteries support 5.5C ultra-fast charging that allows vehicles to charge from 10% to 80% in just 10.5 minutes, removing its customers' range anxiety. The new charging speed record is achieved by Zeekr's new 007 sedan model carrying the new lithium iron phosphate (LFP) batteries and connected with Zeekr V3 ultra-fast charging piles. Thanks to the optimized materials and upgraded technology, the speed is higher than what's achieved by existing nickel-cobalt-manganese batteries, representing the new achievement by Zeekr's in-house e-powertrain R&D team. Thanks to the enhanced battery management syste,m BMS, the vehicle's charging experience remains stable and fast even in harsh environmental conditions. At temperatures as low as -10 degree Celsius, the vehicles charge from 10% SOC to 80% SOC within just 30 minutes, assuring users of swift and reliable charging performance. Zeekr has opened over 500 ultra-fast charging stations in China with over 2,700 charging piles, all of which can support 800V charging. Zeekr plans to expand the network to 1,000 ultra-fast charging stations in 2024 and will be operating over 10,000 ultra-fast charging piles in 2026. Other publicly traded companies in the space include: Tesla (TSLA), General Motors (GM), Nio (NIO), Lucid Group (LCID), Li Auto (LI), Rivian Automotive (RIVN), Nio (NIO), Li Auto(LI) and Xpeng (XPNG). Reference Link

14:11 EDT Trimble says EY work into material weaknesses to be completed in month - Trimble said the previously disclosed assessment by Ernst & Young is nearing completion, and the company plans to file its amended annual report "as soon as practicable once EY's work is complete." EY "has been performing and continues to perform incremental audit procedures responsive to the identified material weaknesses, and the Company currently expects EY's assessments of the impact of the matters noted above to be completed in approximately a month or so," Trimble announced in a regulatory filing. Based on the work to date, management has not identified any errors that would result in a restatement to the consolidated financial statements for the periods presented in the annual report or for any previously released financial results. Furthermore, EY has not withdrawn its audit report on the financial statements, the company added.

13:57 EDT Google announces Pixel 9 Pro Fold - Alphabet's Google announced the Pixel 9 Pro Fold, which brings the company's biggest ever display on a phone into an even thinner foldable device. "Pixel 9 Pro Fold combines the best of Google hardware and software with a sleek and sophisticated design, an advanced camera system, multiple screens to get more done, and our most powerful Tensor G4 processor to fuel the Pixel features you know and love," the company said. "Google Pixel 9 Pro Fold is now available for pre-order now, and will be on shelves September 4."

13:54 EDT Google announces new lineup of Pixel 9 phones - Alphabet's Google announced its new lineup of Pixel 9 phones, including the Pixel 9, Pixel 9 Pro, and Pixel 9 Pro Xl. Along with Pixel 9 Pro Fold, they are all powered by thte company's brand new Google Tensor G4 chip to bring you the very best of Pixel. "The Pixel 9 phones have an elevated new look that puts the camera front and center with an evolution of our iconic camera ba," Google said. "The sculpted design is stunning - and also feels good in your hand. They also feature updated finishes, with a silky matte glass back and polished metal sides for a distinctly premium feel. Plus, the phones are twice as durable as Pixel 8... Pixel 9 is packed with upgrades. With its 6.3-inch Actua display, Pixel 9 is 35% brighter than Pixel 8 and has been rated the best display in its class. As for the camera, you're getting the same main and ultrawide cameras as Pixel 9 Pro and Pixel 9 Pro XL. That's a huge upgrade for the ultrawide lens, from 12MP on Pixel 8 to 48MP on Pixel 9. And the front camera now has autofocus for even sharper selfies. Plus, the Pixel 9 has approximately 20% longer battery life during active use with the screen on when compared to Pixel 8." The company added that Pixel 9 phones are powered by its new custom silicon known as Tensor G4. Tensor G4 was designed with Google DeepMind and is optimized to run Google's most advanced AI models. It will be the first processor to run Gemini Nano with Multimodality. Pixel 9, Pixel 9 Pro, and Pixel 9 Pro XL are all available for pre-order today starting at $799, $999, and $1099. Pixel 9 and Pixel 9 Pro XL will be on shelves at the Google Store and retail partners on August 22. Pixel 9 Pro will be on shelves on September 4 in the U.S., along with Pixel 9 Pro Fold, with other markets on-shelf in the following weeks.

13:23 EDT Golden Arrow Merger Corp trading halted, volatility trading pause

12:01 EDT Chipotle falls -10.0% - Chipotle is down -10.0%, or -$5.59 to $50.27.

12:01 EDT Tencent Music falls -15.5% - Tencent Music is down -15.5%, or -$2.04 to $11.09.

12:00 EDT Pacs Group rises 15.5% - Pacs Group is up 15.5%, or $5.00 to $37.35.

11:46 EDT Ascent Solar announces 1-for-100 reverse stock split - Ascent Solar Technologies announced that effective before market open on August 15, 2024, it will complete a 1-for-100 reverse stock split of its common stock. At Ascent's 2024 Annual Stockholders Meeting on August 7, 2024, stockholders approved an amendment to the Company's Amended and Restated Certificate of Incorporation to affect a reverse stock split with the exact ratio to be set by its Board of Directors. The Board resolved to set the reverse stock split at the ratio of 1-for-100. Ascent filed an amendment to its Certificate of Incorporation with the Secretary of State in Delaware effective August 14, 2024, at 5:00 p.m. Eastern Time. As a result, every hundred issued shares of common stock will automatically be combined into one share of common stock. As explained in Ascent's Proxy Statement filed June 20, 2024, the Company believes that affecting the reverse stock split will assist in its efforts to meet the Nasdaq continued listing standards and to continue to have its common stock remain listed and traded on Nasdaq. In particular, Ascent expects the reverse stock split to increase the per share price and bid price of its common stock above the $1.00 required by Nasdaq's Minimum Bid Price Rule.

11:39 EDT Genius Group board approves dual listing on Frankfurt Stock Exchange - Genius Group's Board has approved the dual listing of the Company's shares on the Frankfurt Stock Exchange. Following an approach from interested parties seeking to provide European investors with access to trade Genius Group shares via the Frankfurt Stock Exchange, the largest stock exchange in Germany and the third largest in Europe, the Genius Group board has voted in favour of the dual listing, in which ordinary shares approved for trading by SEC and NYSE on NYSE American may be traded on the Frankfurt Stock Exchange. The Company expects trading to begin on the exchange within the next month, pending approval from the Frankfurt Stock Exchange, and will provide details once they have been confirmed.

10:59 EDT Wilhelmina trading resumes

10:50 EDT Moringa Acquisition Corp trading resumes

10:47 EDT Experian acquires behavioral analytics firm NeuroID, terms not disclosed - Experian has acquired NeuroID, a leader in behavioral analytics. NeuroID's modern and frictionless capabilities amplify Experian's fraud risk suite by providing a new layer of insight into digital behavioral signals and analytics observed for both new and returning users throughout the customer lifecycle, including account openings, logins and transactions. NeuroID's behavioral analytics solutions are available now through CrossCore on the Experian Ascend Technology Platform as a key fraud-detection capability. Experian's identity verification and fraud prevention solutions helped clients avoid an estimated $15 billion in fraud losses globally last year. With NeuroID seamlessly integrated into Experian, clients can use one service provider to proactively monitor and analyze a user's real-time digital behavior/ The emergence of generative AI-driven fraud has motivated companies across industries from financial services to healthcare and e-commerce to seek new types of fraud-detection technology, such as behavioral analytics, within their originations and account management fraud strategies. Insights from behavioral analytics help mitigate fraud in real time and prevent identity theft, account takeover, bot attacks, next-generation bot attacks and fraud rings - empowering businesses to provide a seamless customer experience.

10:45 EDT Moringa Acquisition Corp trading halted, volatility trading pause

10:12 EDT Home Depot says plans to delever over time before restarting repurchases - Home Depot says that will likely take the company into 2026.

10:00 EDT Penumbra rises 12.2% - Penumbra is up 12.2%, or $20.63 to $189.42.

10:00 EDT Pacs Group rises 16.3% - Pacs Group is up 16.3%, or $5.28 to $37.63.

10:00 EDT Tencent Music falls -12.4% - Tencent Music is down -12.4%, or -$1.63 to $11.50.

10:00 EDT Home Depot says consumer remains 'quite healthy' - Says consumer engaging in smaller projects. Says macro uncertainties causing customers to pause projects. Seeing further pressure in larger projects. Says does not feel the need to be more promotional at this time. Says managing expenses in an "exceptional way." Says SRS not reflected in comp sales guidance and won't be until owned for 12 months.

09:48 EDT Kodiak Gas Services falls -11.7% - Kodiak Gas Services is down -11.7%, or -$3.42 to $25.89.

09:47 EDT GCT Semiconductor rises 10.6% - GCT Semiconductor is up 10.6%, or 36c to $3.76.

09:47 EDT Pacs Group rises 12.8% - Pacs Group is up 12.8%, or $4.15 to $36.50.

09:43 EDT Elliott calls Niccol hire 'transformational step' for Starbucks - Elliott Investment Management released a statement from Elliott Managing Partner Jesse Cohn and Partner Marc Steinberg regarding Starbucks and its engagement with the company: "Elliott has become one of the largest investors in Starbucks because of our confidence in the long-term value-creation opportunity we see at one of the world's most important brands. Elliott has been engaged with Starbucks' Board over the past two months regarding our perspectives on the Company's key issues, and we view today's announcement as a transformational step forward for the Company. We welcome the appointment of Brian Niccol, and we look forward to continuing our engagement with the Board as it works toward the realization of Starbucks' full potential."

09:39 EDT TOYO Co Ltd trading halted, volatility trading pause

09:36 EDT PowerBand Solutions signs two LOIs to become national lease partner - PowerBand Solutions has signed Letters of Intent with two separate companies naming PowerBand as their National Lease Partner. The first LOI is with a used vehicle company that has over 20 locations in 10 different states across the United States. The company has been in business since 2005 and carries more than 4,500 vehicles in inventory with a flooring capacity of over $100 million dealing in rebuilt vehicles. The company currently only offers retail financing through several National Banks and lending institutions. The second LOI is with a conversion van company that operates in 31 states with more than 90 locations providing services to disabled Veterans and citizens with disabilities. Through its national network, the company has the largest inventory of conversion vehicles in the U.S. along with other products, including wheelchair lifts and scooters, that improve mobility. Upon execution of definitive agreements with both companies PowerBand will be able to provide lender services for indirect financing to their respective customers by creating a competitive financing platform that incorporates PowerBand's proprietary lease calculation technology.

09:30 EDT CARGO Therapeutics Inc trading halted, volatility trading pause

09:27 EDT LPL Financial announces expanded suite of business solutions - At its annual Focus conference, LPL Financial LLC shared its priorities for helping financial advisors and financial institutions advance their businesses by providing personalized support that enables custom client experiences, building flexible operating environments by leveraging innovative technology, and supporting advisors' growth and legacy planning. In detailing the company's investments that serve to help LPL clients run thriving businesses, LPL announced today an expanded suite of business solutions, designed to help financial advisors and institutions more effectively manage and grow their wealth management practices. The suite, which has grown from three to 14 services over the past six years, is expected to reach 20 by year-end, and includes services co-designed with advisors to address common challenges.

09:24 EDT Home Depot sees FY24 CapEx ~2% of sales - Says capital allocation strategy remains unchanged. Expects consumer demand in 2H24 to be "consistent" with 1H24.

09:23 EDT ALT5 Sigma Corporation reports 114% y/y increase in July transaction volume - According to the company, ALT5's transaction volume exceeded $179 million for the month of July 2024, which represents a year-over-year increase of 114% from the $84 million recorded in July 2023. ALT5's year-to-date transaction volume is $1.05 billion, which represents a year-over-year increase of 101%."Based on historical seasonality that we have experienced over the last few years, the second half of the fiscal year traditionally sees an uptick in transaction volume. We are pleased with the year-over-year growth and encouraged by the month-over-month increase in business as well," said Vay Tham, Chief Revenue Officer of ALT5 Sigma Corporation. "We continue to focus on growth and providing our solutions to an expanding set of organizations in our core markets," further added Mr. Tham.

09:21 EDT Crexendo surpasses 5M global users - Crexendo announced it has surpassed 5 million global users. Crexendo's software platform is the third largest, and fastest growing software platform in North America, according to Frost & Sullivan, and is growing at nearly twice the rate of the two largest platform providers in the UCaaS industry, thus firmly establishing Crexendo as a top-tier provider on a global stage.

09:19 EDT Archer's indicative order book increases to nearly $6B with FFG deal - Archer Aviation and Future Flight Global, FFG, announced an agreement focused on the deployment of electric vertical take off and landing aircraft eVTOL services across top global markets...The agreement includes the planned purchase by FFG of up to 116 of Archer's Archer's indicative order book increases to nearly $6B worth up to $580M. The two companies are now working to formalize definitive agreements covering the intended aircraft purchases and strategic operating alliance, with nearly $5M in pre-delivery payments planned upon their completion. .."This new agreement both grows our prospective order book to nearly $6B, and opens up Archer's global reach to premium international markets," said Andrew Cummins, Director of Business Development at Archer. "As our first private aviation partner, and with their deep ties in aviation and bold approach, FFG is positioned to be a new leader in modern aviation. Partnering with Karan and the team at FFG was an obvious choice and an ideal relationship for Archer."

09:17 EDT Diana Shipping announces time charter contract for m/v Astarte with Paralos - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Paralos Shipping Pte., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$14,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 15, 2025. The charter is expected to commence on August 18, 2024.

09:16 EDT Aclarion announces their third payer coverage of Nociscan by Vitality in London - Aclarion announced their third payer coverage of Nociscan by Vitality in London, UK in conjunction with The London Clinic, one of the UK's largest and most renowned independent hospitals. With the addition of coverage by Vitality, payer coverage for Nociscan is now available from three major private medical insurance groups in the UK, a global healthcare market with more than nine million residents.

09:16 EDT Home Depot says big ticket transactions down 5.8% in Q2 - Says Pros outperformed DIY, but both were negative for the quarter.

09:13 EDT MKS Instruments appoints Mayampurathas EVP, CFO, treasurer - MKS Instruments (MKSI) announced that Ram Mayampurath has been appointed Executive Vice President, EVP, Chief Financial Officer, CFO,and Treasurer, effective October 14, 2024. He will report directly to John T.C. Lee, President and Chief Executive Officer, and will be a member of MKS' executive team. A global business leader with more than 25 years of experience in financial strategy, thought leadership, and value creation for shareholders and stakeholders, Mayampurath will join MKS from Rogers Corporation (ROG).

09:11 EDT Home Depot says 'continued uncertainty' around consumer demand - Says fundamentals of home improvement market remain strong. Says continues to gain market share. Says making progress on order management system. Says store readiness, execution "strong." Comments taken from Q2 earnings conference call.

09:10 EDT Dick's Sporting to build new distribution center in Fort Worth, Texas - Dick's Sporting Goods plans to construct an 800,000-square-foot regional distribution center in Fort Worth, Texas, which is expected to bring 300 new full-time jobs to the region over the next 10 years. The next generation facility will support Dick's business in Texas and provide distribution capabilities to more than 100 Dick's Sporting Goods stores across several states. Construction on the facility is scheduled to begin early this fall with a groundbreaking, and the building phase is expected to produce more than 800 temporary construction jobs to the area. The facility is expected to open in early 2026.

09:09 EDT Firefly Neuroscience CEO issues letter following closing of merger - Firefly Neuroscience (AIFF) issued a letter to its stockholders from its Chief Executive Officer, Jon Olsen, following the closing of its merger transaction with WaveDancer (WAVD). Olsen and David Johnson, Executive Chairman, encourage stockholders to view this video message and investor presentation regarding the global brain health problem today and Firefly's vision for the future. "This week's closing and the addition of working capital puts us in a position to execute on our strategic objectives... We plan to execute upon two key strategic pathways to support better outcomes. First, the commercialization of our FDA-cleared Brain Network Analytics technology to neurologists in the United States, and second, partnering with Central Nervous System drug companies to advance the development of new treatments for people with brain health disorders and illnesses.... Today our team is very well positioned to continue its commitment to improving patients' lives. Your trust and confidence in Firefly have helped us build the remarkable company we have become, and one whose future has never been brighter."

09:06 EDT Alaska Air invests in JetZero - Alaska Airlines announced an investment in JetZero, a company developing a new blended-wing body aircraft that will provide up to 50% less fuel burn and lower emissions. The investment, which includes options for future aircraft orders, was made through Alaska Star Ventures, the airline's investment arm whose purpose is to influence the future of the aviation industry. JetZero's BWB aircraft integrates the wings and fuselage into a single shape, reducing aerodynamic drag.

09:05 EDT Adial Pharmaceuticals signs agreement with Boudicca Dx - Adial Pharmaceuticals announced a collaboration with Boudicca Dx, a global precision medicine testing accelerator. Under the agreement, Boudicca will support Adial in advancing its technical and regulatory strategy for the Company's companion diagnostic genetic test, to ensure it is validated both technically and clinically per FDA guidelines as part of Adial's regulatory strategy for its lead investigational asset, AD04, a genetically targeted, serotonin-3 receptor antagonist, therapeutic agent for the treatment of Alcohol Use Disorder. Adial's companion diagnostic is intended to accompany AD04 in identifying potential patients, including recruitment for the Company's planned Phase 3 program.

09:04 EDT LiqTech obtains NSF certification for pool system solution in U.S. - LiqTech received NSF certification for its Aqua Solution swimming pool water filtration systems. This certification makes it possible for LiqTech to market and sell its swimming pool water filtration systems in the U.S. The Aqua Solution is a LiqTech ceramic filter solution for liquids with suspended solids.

09:03 EDT Sage announces enhancements, updates for Sage Intacct - Sage announces new enhancements and updates for Sage Intacct customers globally, to streamline financial operations and enhance security worldwide. As part of this major expansion, Sage Intacct is rolling out AP Automation globally. In the US, businesses are already processing over 10,000 bills per month using this innovative tool, which utilizes AI to halve the time taken for accounts payable processes while saving organizations over $100,000 per year. AP Automation streamlines financial workflows by automatically creating draft bills from uploaded documents, promptly identifying issues such as duplicates, and significantly reducing data entry efforts and costs.

09:01 EDT Global Industrial introduces GlobalPure PFAS water filter - Global Industrial Company announced the launch of the newest product in its Made To Exceed line of Global Industrial Exclusive Brands: the GlobalPure high-capacity PFAS water filter. The new GlobalPure PFAS water filter is designed to improve drinking water quality. Featuring an advanced filtration system, it removes total PFAS and a full range of chlorine, lead, cyst, turbidity, and microplastics. Its 3,600-gallon capacity reduces filter replacement frequency to just once or twice per year, depending on usage, to deliver the lowest total cost per gallon versus comparable models.

08:58 EDT Zoned, 5-Hour ENERGY partner to host Fortnite competition - Zoned and 5-hour ENERGY partner to host Flavor Wars, a streamer community competition, to celebrate Fortnite's 230 million monthly active players and its cultural phenomenon status. This pinnacle move in mainstream gaming culture gives fans the opportunity to level up their skills and represent their favorite streamer to battle it out for a $10,000 cash prize and bragging rights as the ultimate gaming fanbase. Since gaming audiences prefer interactive and native ways of brand engagement over traditional ads, this new experience engages gamers in an innovative way that intersects one of the most popular digital game with the number one selling energy shot in the United States. 5-hour ENERGY's entry into Fortnite comes as the gaming industry is leveling up in scale of the audience and cultural impact, as research by Newzoo has found that 72% of 35-54s and 46% of over 55s game at least once a week. The Flavor Wars custom Unreal Editor for Fortnite map launches Tuesday, August 13 at 10:30 a.m. PST. Fans will compete battle royale-style in a custom-built map by Zoned, divided into three distinct zones representing the 5-hour ENERGY Gamer Shot flavors: Apple Bash, Pineapple Charge and Rocket Raspberry.

08:55 EDT Greenlane announces purchases of shares by CEO Barbara Sher - Greenlane Holdings announced that its Chief Executive Officer, Barbara Sher, acquired 12,500 common shares of Greenlane on the open market between August 5th and August 9th at an average price of $2.66 per Common Share. The purchase of Common Shares by the Chief Executive Officer of the Company reflects confidence in the intrinsic value of the stock and the near-term and long-term growth prospects of the Company

08:49 EDT Mobiquity Technologies partners with Context Networks - Mobiquity Technologies announces a strategic partnership with Context Networks, a leading programmatic advertising platform leveraging private blockchain technology for the global gaming industry. This collaboration aims to harness the unrealized potential within the casino gaming sector by introducing innovative advertising solutions for slot machines, combining Mobiquity's advanced contextual targeting capabilities with Context Networks' robust blockchain and AI technologies. Through this partnership, Mobiquity Technologies and Context Networks aim to transform how advertising is conducted within casinos.

08:47 EDT Pike County Sheriff's Office conducting foreclosure sales with Bid4Assets.com - The Pike County, Pennsylvania sheriff's office has selected Bid4Assets to host their first-ever online sheriff's sales.

08:46 EDT Ribbon Communications CFO Mick Lopez to retire in Q4 - Ribbon Communications EVP and CFO Miguel Lopez intends to retire after 40 years in the technology industry. Ribbon has engaged an executive search firm to identify and evaluate potential successors from inside and outside the company. Lopez is expected to continue to serve as CFO until a successor is named.

08:45 EDT Sidus Space in deal with Xiomas for FeatherEdge system for fire detection - Sidus Space announces the sale of its FeatherEdge onboard computing system to Xiomas Technologies as part of a groundbreaking project aimed at revolutionizing fire detection. This collaborative effort, involving Sidus Space, Xiomas Technologies, NASA, and Harvard University, will demonstrate rapid fire detection capabilities using a stratospheric balloon platform. The FeatherEdge system, purchased by Xiomas Technologies, will be pivotal in processing high-resolution thermal images captured by Xiomas' advanced infrared sensor. FeatherEdge will perform critical edge computing tasks, compressing raw data into smaller, actionable analytics for efficient transmission to ground stations to demonstrate the ability to deliver crucial information quickly even when bandwidth might be limited. The FeatherEdge system will generate essential data, including the location, size, and intensity of detected heat signatures, which will be packaged into compact packets for near real-time transmission. The stratospheric balloon is scheduled for launch in October 2024, marking a significant advancement in the development of rapid-fire detection technologies.

08:44 EDT Barfresh Food Group announces non-dilutive litigation financing - Barfresh Food Group received multiple offers to fund its lawsuit on a non-recourse non-dilutive basis based on the merits of its legal case. The Company entered into an agreement with a well-known alternative asset investment firm and the Company's litigation counsel, Boesch Law Group, to provide non-recourse non-dilutive litigation financing. Barfresh has spent approximately $300,000 over the past two years for this lawsuit which affected its operating margins. This new non-recourse non-dilutive financing removes the need for additional cash from the Company to fund this pending lawsuit.

08:42 EDT Agrify announces results from annual meeting of stockholders - Agrify Corporation announced voting results from the Company's Annual Meeting of Stockholders on August 12, 2024. At the Annual Meeting, all items of business were considered, as further described in the Company's definitive proxy statement and the supplement thereto. At the Annual Meeting, approximately 49.16% of the Company's outstanding shares of common stock were represented in person or by proxy, representing a quorum. The director nominees Raymond Chang, I-Tseng Jenny Chan, Max Holtzman, Timothy Mahoney, and Krishnan Varier were each re-elected to the Company's Board of Directors. Each director nominee received a plurality of votes cast at the Annual Meeting. With the election of all of the director nominees, Agrify currently has five directors. With more than 97.2% of the votes cast "For," stockholders ratified GuzmanGray as the Company's independent registered public accounting firm for the year ending Dec. 31, 2024. The proposal to approve an amendment to the Company's Articles of Incorporation to effect a reverse stock split of the shares of the Company's common stock at a ratio of not less than 1-for-2 and not greater than 1-for-20, with the exact ratio of, effective time of and decision to implement the reverse stock split to be determined by the Board of Directors, requiring a majority of the Company's outstanding shares of common stock, was not approved. The proposal, as required by Nasdaq Listing Rule 5635, to approve an amendment to the pre-funded warrants issued by the Company on May 21, 2024 to increase in the number of shares of Common Stock underlying such warrants upon the occurrence of certain equity issuances, passed. This proposal received 96.3% of the votes cast "For" the proposal. The proposal for the amendment to the Agrify Corporation 2022 Omnibus Equity Incentive Plan to increase the number of shares of Common Stock available for issuance thereunder by 2,500,000 passed. This proposal received 96.3% of the votes cast "For" the proposal. The proposal to adjourn the Annual Meeting, if necessary, to solicit additional proxies if there were not sufficient votes in favor of any of the forgoing proposals at the time of the annual meeting was approved with 94.2% of the votes cast "For" the proposal. However, the Company elected not to adjourn the meeting to solicit additional proxies for the Reverse Stock Split Proposal.

08:41 EDT Coca-Cola, OREO brands partner to launch limited-edition drink, cookie - Coca-Cola (KO) and the OREO (MDLZ) brands have teamed up as "Besties" to create two exclusive and limited-edition products: OREO Coca-Cola Sandwich Cookie and Coca-Cola OREO Zero Sugar Limited Edition. Inspired by besties around the world, the two iconic brands are, for a limited time, sparking celebration amongst besties with the launch of two legendary products and several unique digital and physical experiences.

08:39 EDT Dare Bioscience announces additional data for Phase 2b RESPOND study - Dare Bioscience announced that additional data from the exploratory Phase 2b RESPOND clinical study of Sildenafil Cream, 3.6%, an investigational topical cream formulation of sildenafil being developed as an on-demand treatment for female sexual arousal disorder, has been published by The Journal of Sexual Medicine. "In this first-of-its-kind study in FSAD patients, we are very pleased to be able to share these data," said Sabrina Martucci Johnson, President and CEO of Dare Bioscience. "Being able to show consistent results from patient reported outcome measures, regardless of whether she is recalling her experiences over the last month or the last day, provides important optionality as we consider how to clinically measure the impact of Sildenafil Cream on patients with FSAD."

08:37 EDT ProPhase Labs announces collaboration with Forward Heathcare Consultants - ProPhase Labs reported its collaboration with Forward Healthcare Consultants to bring its BE-Smart test for esophageal cancer to market. The experts at FHC will assist with securing market access by focusing on clinical validation and commercialization planning, to include coverage, pricing, and coding. Additionally, FHC will bring its vast relationships with physician networks to drive commercialization success. The consultants at FHC have decades' worth of combined experience in commercializing new healthcare technologies by developing clinical and economic value propositions, comprehensive market access programs, and innovative marketing strategies. They have held leadership positions in provider groups, regional health systems, a multi-state health insurance plan, diagnostic labs, and companies in the medical benefits management, healthcare IT, and precision oncology sectors. Previously serving as leaders for such companies as Eurofins, Guardant Health, Inivata, and Natera, these advisors have helped their former companies gain market access to achieve market capitalization in the billions of dollars. In the coming months, FHC will chart pathways to clinical validation and regulatory and market adoption of ProPhase's breakthrough technology with the goal of achieving similar success to their former companies.

08:34 EDT Flowserve to acquire MOGAS Industries for $290M - Flowserve announced that it has signed a definitive agreement to acquire MOGAS Industries, a privately held, Houston-based provider of severe service valves and associated aftermarket services for $290M with a potential $15M earnout. The transaction is expected to close in the fourth quarter of 2024. Founded in 1973, MOGAS was established by V. Louis Mogas with the purchase of a small machine shop. MOGAS has established sales and service offices in Australia, China, Europe, Canada, South America, the Middle East and India, countries which are highly complementary to Flowserve's served geographies. The transaction includes an upfront purchase price of $290M of cash consideration with an additional earnout of up to $15M tied to the achievement of certain minimum levels of adjusted EBITDA of the MOGAS business for the calendar year ended December 31. When adjusted for approximately $15M of expected tax benefits, the upfront purchase price represents a purchase multiple of approximately 7.5x MOGAS' 2024E adjusted EBITDA. The transaction is expected to be accretive to Flowserve's adjusted EPS in the first full year following closing. MOGAS expects to contribute revenues of approximately $200M with adjusted EBITDA margins in the high teens. The additional scale, footprint consolidation and procurement opportunities provided by the combination provide clear visibility to at least $15M of run-rate cost synergies within two years after closing of the transaction. Further, the transaction is expected to increase Flowserve's aftermarket potential and provide the opportunity for revenue growth synergies as well. Flowserve expects to fund the upfront cash consideration through a combination of cash and available debt financing. The transaction is subject to the satisfaction of customary closing conditions and regulatory approvals.

08:34 EDT Shimmick updates Q2 earnings conference call date - Shimmick Corporation updated their earnings call date to review its earnings results on Friday, August 16, 2024 beginning at 8:30am ET. The call had previously been scheduled for Thursday, August 15, 2024. The Company will release its second quarter 2024 results after the market close on Thursday, August 15, 2024, as originally planned.

08:32 EDT Home Depot cuts FY24 gross margin view to ~33.5% from ~33.9% - Cuts FY24: Operating margin rate to 13.5%-13.6% from approximately 14.1%; Tax rate to approximately 24% from approximately 24.5%. Sees FY24 net interest expense approximately $2.2B vs. prior view approximately $1.8B. Still sees approximately 12 new stores. Says 53rd week expected to contribute approximately 30c of diluted earnings per share.

08:30 EDT Microchip, Acacia collaborate to enable data center interconnect systems - Microchip Technology announces that it has worked with Acacia to demonstrate the fourth generation of interoperability between Microchip's META-DX2 Ethernet PHY family and Acacia's Coherent Interconnect Module 8. The two companies' interoperable devices enable low-power, bandwidth-optimized, scalable solutions for pluggable optics in DCI and transport networks. They deliver three key benefits as they jointly enable high-capacity, multi-rate muxponders for optical transport platforms: Optimized DCI bandwidth; Reduced design risk; Better support for full bandwidth, multi-rate operation.

08:27 EDT UroGen Pharma says ahead of schedule to complete UGN-102 NDA - The latest DOR data is expected to support a new drug application, or NDA, for UGN-102 as a treatment for LG-IR-NMIBC, which the company plans to complete in the very near term. There is potential for an FDA decision as early as the first quarter of 2025, assuming the FDA grants priority review. UroGen initiated submission of the rolling NDA for UGN-102 in January.

08:27 EDT SAIC awarded $120M contract for war game support by U.S. Navy - Science Applications International has been awarded a $120M, five-year, cost-plus fixed-fee contract by Naval Supply Systems Command, NAVSUP, to continue the support of Tactical Training Group Pacific's or TTGP, fleet training mission. To date, SAIC has provided Navy tactical course and fleet training requirement support under contracts spanning both the East and West coast Tactical and Expeditionary Warfare school houses. SAIC's scenario creation, training plans and instructor development programs provide efficient solutions to evolving TTGP requirements while offering the lowest transition risk to meet this complex mission.

08:22 EDT Endra Life Sciences CEO Francois Michelon steps down - Endra Life Sciences announced its board of directors has appointed Alexander Tokman as acting CEO to replace Francois Michelon, who stepped down from his role as CEO and as a member of the board of directors to pursue other endeavors. The company also announced the addition to its senior management team of Ziad Rouag as head of regulatory and clinical affairs and Richard Jacroux as CFO.

08:15 EDT Evoke Pharma sees cash runway into 2Q25 - As of June 30, 2024, cash and cash equivalents were approximately $9.2 million. We believe, based on our current operating plan, that our existing cash and cash equivalents, as well as future cash flows from net product sales of GIMOTI, will be sufficient to fund our operations into the second quarter of 2025.

08:14 EDT Ryde Group announces strategic partnership with Singlife - Ryde Group announced a strategic partnership with Singlife. This collaboration aims to redefine ride-sharing safety and provide protection across different insurance services for both riders and driver-partners. Ryde and Singlife will cross-collaborate to create products and services.

08:10 EDT Chipotle falls 9% to $51 after CEO leaves for Starbucks

08:10 EDT Ovid Therapeutics actively evaluating pipeline - Ovid is actively evaluating its pipeline and undertaking an ongoing process to review indication and development strategies. As part of this process, the Company has currently focused resources on advancing OV888/GV101 and OV329 oral programs toward significant clinical milestones. It also paused the intravenous OV329 program and other preclinical programs.

08:09 EDT Ovid Therapeutics reduces headcount by 43% - The Company streamlined its workforce by reducing 17 positions, or 43% of its headcount, to prioritize its core programs and extend its cash runway. Ovid expects to incur $3.4 million of cash expenditures related to the restructuring. The cash expenditures will be completed by mid-2025.

08:08 EDT Autonomix announces upcoming milestones - Expected Upcoming Milestones: Q3 CY2024: Report 4-6 week data from first five lead-in patients in ongoing PoC human clinical trial; Q4 CY2024: Complete enrollment in PoC human clinical trial evaluating proprietary ablation technology for treatment of pancreatic cancer pain; 2024: Complete ablation device design intended for clinical use; 1H 2025: Report topline data from PoC human clinical trial; 2025: Complete development of ablation system and catheters in preparation for human pivotal trial; 2025: Initiate combined sensing / ablation clinical trial; 2026: De novo submission; and 2027: FDA clearance.

08:07 EDT Starbucks jumps 7% to $82.30 after naming Chipotle's Niccol as CEO - Shares of Chipotle Mexican Grill (CMG) are down 8% to $51.50.

08:07 EDT Chipotle CEO Brian Niccol to depart, Scott Boatwright named interim CEO - Chipotle Mexican Grill (CMG) announced that Brian Niccol, Chairman and CEO has accepted the role as Chairman and Chief Executive Officer of Starbucks (SBUX) and will be leaving the company effective August 31. Niccol has served as Chipotle's CEO since 2018 and as Chairman of the Board since 2020. Chipotle's Board of Directors has appointed Scott Boatwright, COO, as Interim CEO. Boatwright joined Chipotle in 2017 and has been instrumental in driving restaurant operations for the company's more than 120,000 employees and over 3,500 restaurants. In addition, Jack Hartung, who recently announced his retirement from Chipotle in 2025, has agreed to remain with the organization indefinitely as President of Strategy, Finance and Supply Chain to ensure a smooth transition. In this new role, Hartung will support Boatwright as Interim CEO, and continue his current oversight of Adam Rymer, Vice President of Finance and incoming CFO, as well as Carlos Londono, global head of Supply Chain.

08:05 EDT Chipotle CEO Brian Niccol to depart, Scott Boatwright named interim CEO

08:04 EDT Qilian International announces ticker symbol change to 'BGM' - Qilian International Holding announced that effective on August 11, its Class A ordinary shares will begin trading on the Nasdaq Capital Market under the ticker symbol "BGM". The new ticker symbol will replace the company's current ticker symbol "QLI." No action by the company's shareholders is required with respect to the ticker symbol change. The Company's Class A ordinary shares will continue to be listed on the Nasdaq Capital Market and the CUSIP number remains unchanged.

08:02 EDT Leidos awarded $191M Army mission software modernization contract - Leidos was recently awarded a $191M contract by the Army Contracting Command - Aberdeen Proving Ground for integrated lifecycle software and management solutions in support of the U.S. Army Communications Electronics Command, Software Engineering Center, C3T Directorate, Fires Division. The contract covers a five-year performance period, with a six-month extension option. The safety-critical work Leidos will perform builds upon its prior mission software development for this customer, including by providing cyber-hardened software and systems engineering, technical services and software integration.

07:49 EDT Silver Tiger Metals provides update on PFS drilling program on El Tigre - Silver Tiger Metals provided an update on the first 151 drill holes of the Company's Pre-Feasibility Study drilling program on its El Tigre Project in Sonora, Mexico. These new results are highlighting the high-grade nature of the Keel Zone while expanding near-surface mineralization footprint 700 metres from the Starter Pit. Drill hole ET-24-617 intersected the Stockwork Zone with 96.3 metres grading 100.7 g/t silver equivalent or 1.34 g/t gold equivalent from 2.4 to 98.7 metres, consisting of 0.34 g/t gold and 75.4 g/t silver INCLUDING the high-grade SK Vein with 1.2 metres grading 4,894.1 g/t silver equivalent or 65.25 g/t gold equivalent from 97.5 to 98.7 metres, consisting of 1.96 g/t gold and 4,747.0 g/t silver. This hole highlights the newly discovered high-grade Keel Zone and expands Stockwork Zone 50 meters to east, over the 2023 MRE. New intersections through the Stockwork gold deposit, comprised of the Footwall, Hanging Wall and high-grade Keel Zones, are highlighted. Drill hole ET-24-615: 18.4 metres grading 3.53 g/t gold equivalent or 264.5 g/t silver equivalent from surface to 18.4 metres, consisting of 1.90 g/t gold and 122.2 g/t silver AND 21.9 metres grading 0.86 g/t gold equivalent or 64.8 g/t silver equivalent from 66.3 to 88.2 metres consisting of 0.40 g/t gold and 35.2 g/t silver. The hole has expanded Hanging Wall Zone mineralization 25 metres up dip to surface over 2023 MRE. Drill hole ET-24-616: 31.9 metres grading 1.85 g/t gold equivalent or 138.7 g/t silver equivalent from 61.4 to 93.3 metres, consisting of 0.14 g/t gold and 128.5 g/t silver INCLUDING 1.3 metres grading 37.04 g/t gold equivalent or 2,778.3 g/t silver equivalent from 77.4 to 78.7 metres consisting of 1.07 g/t gold and 2,698.0 g/t silver. The hole confirms Hanging Wall Zone mineralization 700 metres north of Starter Pit and expands mineralization profile 25 metres to the west. Drill hole ET-24-619: 24.7 metres grading 1.06 g/t gold equivalent or 79.9 g/t silver equivalent from 3.3 to 28.0 metres, consisting of 0.39 g/t gold and 50.6 g/t silver AND 18.9 metres grading 0.41 g/t gold equivalent or 30.6 g/t silver equivalent from 41.4 to 60.3 metres consisting of 0.31 g/t gold and 7.4 g/t silver. This hole expands Stockwork mineralization to surface, some 600 metres north of the PEA 'Starter Pit.' Silver Tiger's CEO, Glenn Jessome, stated, "As we progress to release the PFS study, the last round of Resource Drilling assay results continues to highlight the extensive Stockwork Zone mineralization at the El Tigre Project." Mr. Jessome further stated, "The last and final assay results from Geotechnical drilling will be released in the coming weeks, completing the assay results from the PFS study."

07:47 EDT Cingulate sees cash runway late into 3Q24 - As of June 30, 2024, Cingulate had $0.4 million in cash and cash equivalents. On July 1, 2024, Cingulate received the net proceeds of $1.6 million from the warrant inducement described above. Management believes this cash on hand will support operating and development costs late into the third quarter of 2024. Management intends to seek opportunities to access additional capital as needed, including non-dilutive capital in terms of potential licensing opportunities inside and outside of the US, and additional equity or debt capital.

07:44 EDT Optimi Health, Psyence Biomedical sign LOI for psilocybin drug development - Optimi Health (OPTHF) and Psyence Biomedical (PBM) have entered into a non-binding Letter of Intent. This arrangement would position Optimi as the exclusive supplier of GMP nature-derived psilocybin extract for Psyence's global drug development and commercialization initiatives for FDA-approved use in the Palliative Care context. Under the terms of the LOI, and subject to the execution of a binding agreement, Optimi will become the exclusive supplier of GMP nature-derived psilocybin extract for Psyence. Optimi will provide comprehensive Chemistry, Manufacturing, and Control support for regulatory submissions related to these trials and any future Investigational New Drug applications. Psyence will obtain exclusive rights to Optimi's drug candidate for treatment use in the Palliative Care context. The successful outcomes of these trials may enable Psyence to commercialize the licensed product, in a way that it believes will revolutionize treatments within the Palliative Care setting. This is a non-binding LOI and there can be no guarantee that the companies will execute a fully binding agreement.

07:41 EDT Capital City Bank promotes Jensen to CTO - Capital City Bank announces Lynne Jensen has been promoted to Chief Technology Officer, CTO. The company said, "As Chief Technology Officer, Jensen will spearhead the development and execution of our comprehensive technology strategy, ensuring alignment with our organizational mission and strategic goals. She will provide strategic and technical direction across product development, cybersecurity, application architecture, artificial intelligence platforms, infrastructure management, budgeting, operational efficiency, associate growth, and future processes and system alterations."

07:40 EDT Sono-Tek announces additional $2.95M order from clean energy customer - Sono-Tek Corporation announces the receipt of an additional $2.95 million order from an existing clean energy customer. This new order, identical in value and scope to a recent record-breaking order from the same customer, reinforces Sono-Tek's position as a key player in the clean energy sector. The latest order includes four production-scale systems, which are expected to be shipped during fiscal 2026, starting March 1, 2025. This new order builds on the previously announced eight production-scale systems, bringing the total number of production systems for this customer to twelve. Initially starting with an R&D system to develop their processes, the customer has now advanced to a significant production-scale commitment, demonstrating the effectiveness and reliability of Sono-Tek's technology.

07:37 EDT Zapata AI enters CRADA with U.S. Special Operations Command - Zapata Computing Holdings has entered a Cooperative Research and Development Agreement with the U.S. Special Operations Command. Key Highlights of the CRADA include: Empowering USSOCOM with advanced AI tools to enhance situational awareness, real-time decision-making, and operational readiness in challenging environments and contested spaces. Accelerating USSOCOM's ability plan, create, and deliver AI-driven advantage to align closely with specific mission objectives and parameters. Deepening Zapata AI's existing relationship across the United States Department of Defense innovation ecosystem. Under the terms of the CRADA, Zapata AI will leverage its Orquestra platform to speed up the model development lifecycle and create AI and ML applications that enhance mission performance for USSOCOM's Hyper-Enabled Force initiatives. The decision-support capabilities developed by the partnership will run on the edge in low connectivity environments on ruggedized high-performance computing hardware.

07:35 EDT Abeona Therapeutics announces favorable medicare reimbursement decisions - Abeona Therapeutics announced that the Centers for Medicare and Medicaid Services, CMS, has granted a product-specific procedure code ICD-10-PCS for prademagene zamikeracel (pz-cel), Abeona's investigational autologous cell-based gene therapy currently in development for recessive dystrophic epidermolysis bullosa, RDEB. If pz-cel receives U.S. marketing approval, this code will allow for efficient and accurate documentation, billing, and analysis of inpatient hospital procedures using pz-cel. The code will go into effect on October 1, 2024.

07:34 EDT 5E Advanced Metals supports Fastmarkets relaunch of boric assesments, data - 5E Advanced Materials announces its support for, and applauds the decision by Fastmarkets to relaunch its boric acid price assessments and data. J.T. Starzecki, Chief Strategy Officer of 5E Advanced Materials commented, "We applaud Fastmarkets for the agency's relaunch of a technical-grade boric acid price. We believe this effort enhances overall clarity in market pricing for the commodity, which in turn will help to create a more efficient marketplace and bring more buyers and sellers together. Additionally, we believe this effort underscores the increasing significance of boron and boric acid in the ongoing energy transition and other critically important industries it serves. 5E is dedicated to executing its vision to become a global leader and supplier of boric acid and boron specialty materials, and these price assessments help broaden the visibility of the global boron market. Further, this builds on the growing support that the critical material has received recently from industry, legislators, and federal agencies."

07:29 EDT Atai Life Sciences announces preliminary results from Phase 1b trial of VLS-01 - atai Life Sciences announced preliminary results from the Phase 1b trial of VLS-01, its proprietary oral transmucosal film formulation of N,N-dimethyltryptamine that is applied to the buccal surface. The Phase 1b trial was designed to evaluate the relative safety, tolerability, pharmacokinetics and pharmacodynamics of VLS-01 compared to intravenous DMT. The single center, open-label study enrolled a total of 17 healthy participants, each of whom received a single dose of IV DMT followed by 3 different doses of VLS-01 buccal film-20mg, 60mg, 120mg or 160mg-with a 28-day washout window between administrations. Key takeaways: Peak plasma concentrations were dose-proportional and comparable between the higher VLS-01 buccal film doses and the 30mg IV DMT dose; peak plasma concentrations were achieved within 30-45 minutes. Dose-dependent and robust subjective effects were seen at the 120mg and 160mg doses. In the 120mg dose cohort: 13/14 participants achieved Subjective Intensity Rating Scale scores greater than seven out of ten. Subjective effects, assessed with the SIRS, were fully resolved by 120 minutes. Participants reported that the experience was 'psychologically meaningful' with 'increased levels of self-reflection'. Safety and tolerability: VLS-01 demonstrated a favorable safety profile and was well tolerated, with all adverse events classified as either mild or moderate, and most resolving on the day of dosing. The most common treatment-emergent adverse events were headache, dissociation, euphoric mood and nausea. No TEAEs of vomiting or local irritation were noted at doses of 120mg or lower, and only 1 subject out of 14 reported nausea at the 120mg dose. There were no observed adverse events related to blood pressure, heart rate or suicidality. Based on the positive results from the Phase 1b trial, the Company plans to initiate a randomized, double-blind, placebo-controlled Phase 2 study to assess the safety, efficacy and durability of response of repeated doses of VLS-01 in patients with treatment-resistant depression. The Phase 2 trial will consist of two treatment periods. In the first treatment period, approximately 142 patients will be randomized 1:1 to receive a 120mg dose of VLS-01 buccal film or placebo on Day 1, followed by a second dose of the same intervention at Week 2. The primary endpoint is the change from Baseline in Montgomery-Asberg Depression Rating Scale total score at Week 4 and the last double-blind assessment visit will be at Week 14. The first treatment period will provide 12 weeks of durability data following two doses of VLS-01 administered in a placebo-controlled fashion. The second treatment period starts at Week 14 and will explore the response to two different dose levels of VLS-01. Patients will be randomized 1:1 to receive a third dose of either 60mg or 120mg of VLS-01. Final safety and efficacy assessment will be conducted two weeks after administration of the third dose. atai expects to initiate the Phase 2 trial around year-end 2024, with topline data anticipated around year-end 2025.

07:22 EDT Centessa sees cash runway into mid-2026 - $294.8 million as of June 30, 2024. The Company expects its cash, cash equivalents and short-term investments as of June 30, 2024 will fund operations into mid-2026 without drawing on the remaining available tranches under the Oberland credit facility.

07:10 EDT Seres Therapeutics sees cash runway into 4Q25 upon VOWST sale close - Seres plans to use the capital obtained from the VOWST asset sale transaction to fully retire its senior secured debt facility with Oaktree Capital Management. Additionally, the Bacthera manufacturing contract will be terminated upon close of the transaction, and Seres will have no further obligations to Bacthera. Various VOWST-related capabilities, including product manufacturing, will transition to Nestle Health Science as part of the asset sale. As a result, Seres expects that more than a third of its employees will transfer to Nestle Health Science following the close of the transaction. Moving forward, Seres will be a streamlined and more focused organization, and the Company's cash burn rate is expected to be reduced. As of June 30, 2024, Seres had $71.2 million in cash and cash equivalents. Based on existing cash and operating plans, expected cash to be received upon the close of the VOWST sale and related installment payments due in 2025, and ongoing transaction-related obligations, the Company expects to fund operations into the fourth quarter of 2025. Absent the VOWST sale, the Company expects to fund operations into the fourth quarter of 2024.

07:05 EDT Vigil Neuroscience sees cash runway into 2026 - Cash, cash equivalents, and marketable securities were $86.7 million as of June 30, 2024, compared to $101.6 million as of March 31, 2024. The Company expects its cash, cash equivalents and marketable securities, together with the $40 million gross proceeds received from Sanofi in July, will fund its operational plans into 2026.

07:04 EDT Immatics sees cash runway into 2027 - Cash and cash equivalents as well as other financial assets total EUR 531.1 million as of June 30, 2024, compared to EUR 425.9 million as of December 31, 2023. The increase is mainly due to the public offering in January 2024, partly offset by ongoing research and development activities. The Company projects a cash runway into 2027.

07:03 EDT SNDL to acquire remaining minority interest in Nova Cannabis for C$40M - SNDL and Nova Cannabis are pleased to announce that they have entered into an arrangement agreement pursuant to which SNDL will acquire all of the issued and outstanding common shares in the capital of Nova not already owned by SNDL, representing approximately 34.8% of Nova Shares, by way of a statutory plan of arrangement for aggregate consideration of approximately C$40M. Under the terms of the Agreement, Nova's shareholders will receive C$1.75 in cash for each Nova Share, representing a premium of 41.2% to the 20-day VWAP of Nova Shares on the Toronto Stock Exchange as of market close on August 12, 2024. The Transaction has been approved by the boards of directors of both SNDL and Nova and is expected to close on or before October 18, 2024. Following the closing of the Transaction, the Nova Shares are expected to be delisted from the TSX and Nova will apply to cease to be a reporting issuer in all provinces and territories of Canada.

06:50 EDT IHS Holding and MTN Group to discuss resolution to partnership renewal issues - IHS Holding (IHS) and MTN Group (MTNOY) will work to find a mutually agreeable resolution to governance issues previously raised after having recently renewed and extended communications infrastructure deals in Nigeria, as well as completing the renewal of all contracts across IHS Towers-MTN markets recently. On 7 August, the companies announced the agreement to renew and extend all Nigerian tower Master Lease Agreements until December 2032. The contracts include new financial terms that provide what the parties believe to be a more sustainable split between local and foreign currency. With this, IHS Towers and MTN Group have now completed the renewal of approximately 26,000 MTN tenancies on IHS Towers infrastructure across six African markets - Nigeria, Rwanda, Cote d'Ivoire, Cameroon, Zambia and South Africa. MTN Group owns approximately 26% in IHS Towers, a stake which pre-dates the tower company's listing on the NYSE in 2021.

06:46 EDT GCT Semiconductor signs MOU with Samsung - GCT Semiconductor (GCTS) announced the signing of a Memorandum of Understanding with Samsung Electronics (SSNLF) that aims to accelerate the development of 4G/5G chipsets and modules, as well as drive the adoption by device makers. GCT will work together with Samsung to promote the total Samsung/GCT solution and to strengthen the ecosystem of OEM/ODM device makers in order to support wireless operators worldwide, including the Saudi Arabian oil group Aramco, in the 450 MHz and 4.0 GHz business, mission-critical public safety, and more. Samsung will provide test environments as well as interoperability and device testing support for GCT's chipset certification.

06:33 EDT CGI selected by New York City for maintenance of STARS parking violation system - CGI announced its selection by the City of New York for maintenance of the STARS parking violation system, which runs on CGI Advantage Collections platform. CGI will partner with the city's Department of Finance under a new five-year contract with an optional two-year renewal to administer the adjudication, payment and collection processes for parking and camera violations issued by the city, resulting in the collection of over C$1.3B in public revenue each year. The system supports the city's annual management of approximately 17M parking and camera tickets. Under the new agreement CGI will provide IT and consulting services focused on evolving business environments, system modifications, and new solution designs.

06:31 EDT Home Depot falls 3% to $334 after cutting 2024 comp sales outlook

06:13 EDT Huya declares $1.08 per share special cash dividend - The board of directors of the company has declared a special cash dividend of $1.08 per ordinary share, or $1.08 per ADS, to holders of ordinary shares and holders of ADSs of record as of the close of business on October 9, payable in U.S. dollars. The total amount of cash to be distributed for the special cash dividend is expected to be approximately $250M, which will be funded by surplus cash on the company's balance sheet. The payment date for holders of ordinary shares and holders of ADSs is expected to be on or around October 25. Holders of the company's ADSs will receive the cash dividend through the depositary bank, subject to the terms of the deposit agreement.

06:04 EDT Hudbay Minerals backs 2024 consolidated production view - Hudbay has reaffirmed its full year 2024 consolidated production guidance for all metals, including 137,000 to 176,000 tonnes of copper and 263,000 to 319,000 ounces of gold as the company anticipates stronger production in the second half of 2024 in accordance with the mine production profile. The company expects 2024 consolidated copper production to be below the midpoint of the guidance range, while 2024 consolidated gold production is expected to be above the midpoint of the guidance range.

05:38 EDT L&T Technology Services, Shell sign new framework agreement - L&T Technology Services (LTTS) announced that it has signed a long-term framework agreement with Shell (SHEL). The multi-year framework agreement will see LTTS providing Integrated Engineering and Procurement Services along with Digital Engineering Services, Data Governance for Capital Projects and Digital Project Management Consultancy for Shell's global assets as necessary.