Stockwinners Market Radar for August 14, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

NTLA

Hot Stocks

20:34 EDT Cathie Wood's ARK Investment bought 237K shares of Intellia Therapeutics today
RXRX

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20:33 EDT Cathie Wood's ARK Investment bought 156K shares of Recursion Pharmaceuticals
PRTG

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19:50 EDT Portage Biotech trading halted, news pending
ASTI

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19:50 EDT Ascent Solar Tech. trading halted, news pending
HUGE

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19:50 EDT FDS Pharma trading halted, news pending
CZR...

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18:39 EDT Icahn buys Caesars, exits Conduent in Q2 - Carl Icahn's Icahn Enteprises disclosed in an SEC filing its holdings as of June 30, 2024. The fund's two new buys during the second quarter were Caesars (CZR) and Centuri (CTRI), while the fund exited its position in Conduent (CNDT). Icahn increased its stake in Icahn Enterprises (IEP) as well. The fund's top holdings as of June 30, in order of size, were Icahn Enterprises, CVR Energy (CVI), Southwest Gas (SWX), International Flavors (IFF), and CVR Partners (UAN).
ULTA...

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18:36 EDT Berskhire Hathaway buys Ulta, exits Snowflake in Q2 - Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of June 30, 2024. The fund's two new buys during the second quarter included, by size of position, Ulta Beauty (ULTA) and Heico (HEI). Berkshire exited two positions during the quarter, namely Snowflake (SNOW) and Paramount Class B (PARA). The fund increased its stake in three holdings, including by size of previous position Sirius XM (SIRI), Chubb (CB), and Occidental (OXY). Berkshire reduced its stake in a number of holdings, including by size of previous position Apple (AAPL), Chevron (CVX), Capital One (COF), Floor & Decor (FND), and Louisiana-Pacific (LPX). The fund's top holdings as of June 30, in order of size, were Apple, Bank of America (BAC), American Express (AXP), Coca-Cola (KO), and Chevron.
ZTEK

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17:55 EDT Zentek announces normal course issuer bid - Zentek will conduct a normal course issuer bid. The bid will be for up to 5,084,319 common shares of the company over a period of one year, being approximately 5% of company's issued and outstanding common shares, with up to 2,033,727 common shares of the company purchasable over any 30-day period within the bid period, being 2% of company's issued and outstanding common shares. The bid period will commence on August 16, and will continue until the earlier of August 15, 2025, or the date by which the company has acquired the maximum number of common shares which may be purchased under the Bid.
CPNG

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17:54 EDT Coupang CFO sells $4.55M in common stock - In a regulatory filing, Coupang disclosed that its CFO Gaurav Anand sold 200K shares of common stock on August 13th in a total transaction size of $4.55M.
RCI

Hot Stocks

17:46 EDT Rogers Communications names Edward Rogers executive chair - Rogers' board of directors appointed Edward Rogers Executive Chair of Rogers Communications effective immediately. "This appointment simply recognizes the role Edward is performing at the company," said Robert J. Gemmell, Lead Director. "The company has never been stronger thanks to Tony's leadership and Edward's stewardship. Today's appointment merely formalizes Edward's role." Edward Rogers will continue to lead the Board as Executive Chair. Working with the Board and the Chief Executive Officer, Rogers will lead the development and review of the company's long-term strategy for growth. Tony Staffieri's responsibilities as Chief Executive Officer remain the same. Reporting to the full Rogers board, Staffieri will continue to run the company.
AAPL...

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17:41 EDT Third Point buys Apple, boosts Uber in Q2 - Third Point LLC disclosed in an SEC filing its holdings as of June 30, 2024. The fund's new buys during the second quarter included, by size of position, Apple (AAPL), Amphenol (APH), Ferguson (FERG), KB Home (KBH), and Roper (ROP). Third Point exited a number of holdings during the quarter, including by size of previous position S&P Global (SPGI), Marvell (MRVL), Goldman Sachs (GS), Wesco (WCC), and Gartner (IT). The fund increased its stake in a number of holdings, including by size of previous position TSMC (TSM), Uber (UBER), Cinemark (CNK), Telephone and Data Systems (TDS), and Corpay (CPAY). Third Point reduced its stake in several holdings, including by size of previous position Bath & Body Works (BBWI), Alphabet Class A (GOOGL), Meta (META), Microsoft (MSFT), and PG&E (PCG). The fund's top holdings as of June 30, in order of size, were Amazon (AMZN), PG&E, Microsoft, Meta, and Danaher (DHR).
INCY SNDX

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17:36 EDT Incyte, Syndax announce FDA approval of Niktimvo - Incyte (INCY) and Syndax Pharmaceuticals (SNDX) announced that the U.S. FDA has approved Niktimvo, an anti-CSF-1R antibody, for the treatment of chronic graft-versus-host disease after failure of at least two prior lines of systemic therapy in adult and pediatric patients weighing at least 88.2 lbs. In the United States, Niktimvo will be co-commercialized by Incyte and Syndax Pharmaceuticals. Incyte has exclusive commercialization rights for Niktimvo outside of the U.S. To facilitate patient dosing and limit product waste, following the FDA's approval of Niktimvo (as a 50mg vial), Incyte and Syndax will seek approval to launch two smaller vial sizes. Following FDA approval of the new vial sizes, the companies anticipate launching Niktimvo in the U.S., no later than early first quarter 2025.
ELDN

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17:30 EDT Eledon Pharmaceuticals provides Q2 corporate update - Eledon Pharmaceuticals reported recent business highlights for Q2. The company enrolled the 80th participant in July 2024 in the ongoing Phase 2 BESTOW trial assessing tegoprubart head-to-head with tacrolimus for the prevention of organ rejection in kidney transplantation. The company also presented updated data at the American Transplant Congress in June from the ongoing Phase 1b open-label trial evaluating tegoprubart for the prevention of organ rejection in kidney transplant patients, in which tegoprubart was generally safe and well tolerated, with an overall mean estimated glomerular filtration rate of all reported time points after day 30 post-transplant of 70.5 mL/min/1.73m2. Ended Q2 with $83.6M in cash and cash equivalents, which includes the $50.0M received in the private placement financing transaction during Q2. "We have entered the second half of the year with a strong balance sheet following our oversubscribed $50M private placement and we are highly encouraged by the progress and reception from the transplant community for our Phase 2 BESTOW trial, which remains on track to complete enrollment by the end of this year," said CEO David-Alexandre C. Gros. "Looking at this progress and the data we presented in June, we continue to believe that tegoprubart has the potential to displace calcineurin inhibitors, the current standard of care, as a first-line immunosuppression agent for patients undergoing kidney transplant."
RDW

Hot Stocks

17:29 EDT Redwire to acquire spacecraft developer Hera Systems, no terms disclosed - Redwire announced that it has signed a definitive agreement to acquire Hera Systems a spacecraft developer focused on specialized missions for national security space customers. With the addition of Hera Systems' cutting-edge platform, Redwire expects to strengthen its spacecraft portfolio and be well-equipped to support specialized National Security Space missions in geostationary orbit. Hera Systems has experienced profitable topline growth, and for the year ended December 31, 2023, Hera recorded $15M of revenue. Redwire will finance this acquisition with balance sheet liquidity and expects Hera Systems to add meaningfully to future growth and profitability. As part of this acquisition, which is expected to close in the third quarter, Redwire is adjusting its full-year 2024 guidance from $300M in revenue to $310M in revenue. FY24 consensus $304.4M.
BA

Hot Stocks

17:29 EDT Boeing awarded $248.14M Navy delivery order - Boeing was awarded $248.14M for a ceiling-priced delivery order under a previously awarded basic ordering agreement for the repair of landing gear used on the F/A-18 E/F aircraft. The delivery order does not include an option period. Work is expected to be completed by May 2028. Annual working capital funds in the amount of $121.59M will be obligated at the time of award, and funds will not expire at the end of the current fiscal year. One company was solicited for this sole-source requirement pursuant to the authority set forth in 10 U.S. Code 2304, with one offer received. Naval Supply Systems is the contracting activity.
TUP

Hot Stocks

17:11 EDT Tupperware Brands to delay filing Form 10-Q - Tupperware Brands is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 29, 2024 by the prescribed due date. The company previously disclosed on Forms 12b-25 filed on March 29, 2024 and May 10, 2024 that it would be unable, without unreasonable effort or expense, to complete and file its Annual Report on Form 10-K for the fiscal year ended December 30, 2023 and its Quarterly Report on Form 10-Q for the quarter ended March 30, 2024, respectively, by the prescribed due dates. The company continues to experience significant liquidity challenges, and continues to have substantial doubt about its ability to continue as a going concern. In addition, the company's accounting department has experienced, and continues to experience, significant attrition, including the recent departure of its CFO, resulting in resource and skill set gaps, strained resources, and a loss of continuity of knowledge. In light of these circumstances, the company has been focusing, and continues to focus its efforts on (i) engaging in discussions with potential investors and financing partners with respect to potential financing transactions, including securing short-term bridge financing, as most recently described in the company's Current Report on Form 8-K filed on August 14, 2024, and (ii) executing its strategic turnaround plan, as described most recently in the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed on March 29, 2024. As a result, the Company is unable, without unreasonable effort or expense, to complete and file the Q2 2024 Form 10-Q by the prescribed due date.
SHPH

Hot Stocks

17:06 EDT Shuttle Pharmaceuticals opens enrollment in Ropidoxuridine trial - Shuttle Pharmaceuticals announced it has entered into agreements with two of the six site locations to administer the Phase 2 clinical trial of Ropidoxuridine for the treatment of patients with glioblastoma. Site initiation visits have been completed for two sites. The trial is now open to enroll patients in the clinical trial.
GDHG

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17:05 EDT Golden Heaven receives delisting determination from Nasdaq, intends to appeal - Golden Heaven announced the company received a staff determination letter from Nasdaq notifying the company that, due to the company's failure to regain compliance with the minimum bid price of $1.00 per share requirement for continued listing on Nasdaq, as set forth in Nasdaq Listing Rule 5550(a)(2), Nasdaq has determined that the company's securities will be scheduled for delisting from Nasdaq unless the company requests an appeal.
CZR

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17:03 EDT Icahn & Co. takes new stake in Caesars Entertainment - Shares of Caesars Entertainment were up over 12% following the news that Carl Icahn's Icahn & Co. took a stake in the company during the second quarter, citing a 13F filing disclosed by Icahn.
ULTA

Hot Stocks

17:01 EDT Berkshire Hathaway takes new stake in Ulta Beauty - Shares of Ulta Beauty were up over 12% following the news that Warren Buffett's Berkshire Hathaway took a stake in the company during the second quarter, citing a 13F filing disclosed by Berkshire Hathaway.
SPRC

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16:57 EDT SciSparc provides update on status of AutoMax merger - SciSparc announced progress with its merger agreement with AutoMax Motors and SciSparc Merger Sub. The Jerusalem District Court in Israel has approved AutoMax's petition to convene special class meetings of its shareholders to approve the merger with the company. In addition, on August 14, the company entered into an addendum to the merger agreement with AutoMax and SciSparc Merger Sub pursuant to which the right to terminate the merger agreement if the merger was not consummated by August 30 was deferred to November 30.
TSBX

Hot Stocks

16:56 EDT Turnstone Biologics reports initial data from STARLING trial of TIDAL-01 - Turnstone Biologics reported initial data from its Phase 1 STARLING trial of TIDAL-01 in metastatic microsatellite stable colorectal cancer, or MSS mCRC. Turnstone's Phase 1 STARLING trial is an ongoing muti-site, first-in-human, non-randomized, open label, single-dose study, and is evaluating the safety, tolerability, and clinical activity of TIDAL-01. The trial is currently enrolling patients with colorectal cancer, head and neck squamous cell carcinoma, and uveal melanoma. As of the cutoff date of July 15, key takeaways from the initial data include the following: Among the four evaluable MSS mCRC patients included in the study, Turnstone observed a 25% overall response rate, or ORR, and 50% disease control rate, or DCR. One patient demonstrated a deep and durable ongoing complete response, or CR. Overall, 50% of patients showed sustained clinical benefit, with notable progression free survival of over one year in the patient with ongoing complete response and six months for a patient with stable disease. The TIDAL-01 process demonstrated the ability to generate high titer, polyclonal and multi-epitope tumor neoantigen-reactive T cells that expanded in the patient, persisted in the blood and correlated with an increase in CD8 T cell tumor infiltration. TIDAL-01 was generally well-tolerated and safety events observed were consistent with known AEs associated with the lymphodepletion regimen, and IL-2 and pembrolizumab administration. The manufacturing success rate for TIDAL-01 in CRC for patients with sufficient starting material was 80%, which is consistent with other early clinical-stage cell therapy processes. The target dose total T cells was exceeded in all manufactured CRC products.
NVST

Hot Stocks

16:47 EDT Envista CEO buys $506.1K in common stock - In a regulatory filing, Envista disclosed that its CEO Paul Keel bought 30K shares of common stock on August 13th in a total transaction size of $506.1K.
NEXT

Hot Stocks

16:46 EDT NextDecade says made 'excellent strides' on Rio Grande Phase 1 goals - "NextDecade has recently made excellent strides toward achieving its dual goals of constructing Phase 1 at the Rio Grande LNG Facility safely, on schedule, and on budget, and progressing Train 4 expansion capacity toward a positive Final Investment Decision (FID)," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer. "We do not agree with the D.C. Circuit Court's recent decision to vacate the Federal Energy Regulatory Commission's (FERC) remand authorization of the Rio Grande LNG Facility. We are committed to taking any and all available legal and regulatory actions to ensure that Phase 1 will be delivered on time and on budget and that FID of Trains 4 and 5 will not be unduly delayed. The decision reached by the D.C. Circuit Court has far-reaching implications. If the ruling stands, the precedent that would be set by the Court's action has the potential to impact viability of all federally permitted infrastructure projects because it will be difficult for these projects to attract capital investments until they receive final unappealable permits. During the second quarter, we made excellent commercial progress for Train 4. We entered into a 20-year LNG sale and purchase agreement (SPA) with ADNOC, under which they agreed to purchase 1.9 MTPA of LNG from Train 4. We also entered into a non-binding heads of agreement (HoA) with Aramco for 1.2 MTPA of LNG, which we expect to convert into a binding SPA. These developments, alongside our expectation that TotalEnergies will exercise its LNG purchase option for 1.5 MTPA, lead us to believe that we will soon reach the necessary contracted capacity to commercially support Train 4. More recently, we finalized our negotiations with Bechtel and executed the EPC contract for Train 4 and related infrastructure with a contract price of approximately $4.3 billion, which concludes one of the final pieces of work required before commencing the financing process for Train 4. Construction of Phase 1 at the Rio Grande LNG Facility continues to progress very positively. We are committed to working with Bechtel to ensure a safe and timely delivery of Phase 1. As we work through the impacts of the recent Court decision, we are committed to continuing construction on Phase 1 and progressing the development of Train 4 by securing financing and ultimately reaching a positive FID, once necessary regulatory resolution is in place."
VREX

Hot Stocks

16:45 EDT Varex Imaging CFO buys $108.2K in common stock - In a regulatory filing, Varex Imaging disclosed that its CFO Shubham Maheshwari bought 10K shares of common stock on August 12th in a total transaction size of $108.2K.
EVBG...

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16:44 EDT Paulson buys Everbridge, cuts Anglogold in Q2 - John Paulson's Paulson & Co. disclosed in an SEC filing its holdings as of June 30, 2024. The fund's one new buy during the second quarter was Everbridge (EVBG). The fund exited two positions during the quarter, namely Newmark (NMRK) and Alibaba (BABA). Paulson increased its stake in Madrigal Pharma (MDGL) and reduced its position in Anglogold (AU). The fund's top holdings as of June 30, in order of size, were Madrigal, Brightsphere (BSIG), Bausch Health (BHC), Perpetua (PPTA), and Novagold (NG).
VUZI

Hot Stocks

16:43 EDT Vuzix sees 2H24 revenue improvement over 1H24 - Vuzix CEO Paul Travers stated, "We expect to see top-line revenue improvement over the second half of 2024. We have a number of enterprise accounts that are on a path to volume deployment of our smart glasses and solutions within their operations to deliver improved productivity, lower onboarding times and fewer errors. Our OEM business opportunities remain robust; we have a backlog of business to deliver against and we expect at least one of our defense contractors and one of our commercial enterprise customers to move into production later this year. On the waveguide manufacturing front, we will continue to implement process improvements as we prepare to ramp production to support underlying demand from partners and the broader markets".
UNH...

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16:40 EDT Lone Pine buys GE Vernova, exits Live Nation in Q2 - Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of June 30, 2024. The fund's four new buys during the second quarter included, by size of position, UnitedHealth (UNH), Howmet (HWM), GE Vernova (GEV), and Ares Management (ARES). Lone Pine exited a number of positions during the quarter, including by size of previous position Salesforce (CRM), Workday (WDAY), Live Nation (LYV), Dick's Sporting (DKS), and Epam Systems (EPAM). The fund increased its stake in a number of holdings, including by size of previous position Constellation Energy (CEG), Vistra (VST), Mastercard (MA), ASML (ASML), and AppLovin (APP). Lone Pine reduced its stake in several holdings, including by size of previous position Meta (META), PTC (PTC), KKR (KKR), AvidXchange (AVDX), and Amazon (AMZN). The fund's top holdings as of June 30, in order of size, were TSMC (TSM), Microsoft (MSFT), Amazon, Meta, and Philip Morris (PM).
CSCO

Hot Stocks

16:36 EDT Cisco rallies 6% to $48.20 after Q4 report, job cut plan
CSCO

Hot Stocks

16:34 EDT Cisco to cut 7% of global workforce in restructuring plan - Cisco Systems said its restructuring plan is expected to impact approximately 7% of its global workforce. Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results of up to $1B consisting of severance and other one-time termination benefits, and other costs. These charges are primarily cash-based. Cisco expects to recognize approximately $700M to $800M of these charges in Q1 of fiscal 2025 with the remaining amount expected to be recognized during the rest of fiscal 2025.
GPRK

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16:33 EDT GeoPark backs FY24 adjusted EBITDA view $420M-$550M - During 1H2024, GeoPark averaged 35,540 boepd production, at the lower end of the 35,500-39,000 boepd organic production range indicated for 2024. During 2H2024, the main risks to production are (i) increased uncertainty around the effective restart date of the Manati field, originally planned by end of May 2024, and now expected by the operator to initiate end of October, (ii) new well activity and performance in the Llanos 34 Block may not offset the natural base decline of the fields, and (iii) increased frequency and duration of blockades around the operations in Colombia. The downside associated to these risks could be approximately 1,500 - 2,500 boepd.
CSCO

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16:31 EDT Cisco says restructuring plan expected to impact about 7% of global workforce
REKR

Hot Stocks

16:31 EDT Rekor Systems secures PPA facility for up to $35M in financing - Rekor Systems entered into aPre-Paid Advance Agreement with an affiliate of Yorkville Advisors Global . In accordance with the terms of the PPA, the Investor advanced to the company a pre-paid advance of $15,000,000...After giving effect to the purchase price discount provided for in the PPA, net proceeds of the Pre-Paid Advance to the Company will be approximately $14.1M. Pursuant to the terms of the PPA, within one year the company may receive an additional $20,000,000 advance on the same terms as the Pre-Paid Advance, subject to satisfaction of certain conditions set forth in the PPA. If and when requested by the Investor, amounts outstanding under the Pre-Paid Advance will be correspondingly reduced upon the issuance by the Company of its common stock, par value $0.0001 per share. This information is from a company filing..
CRM...

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16:31 EDT Starboard boosts stake in Salesforce, cuts stake in Humana - Jeffrey Smith's Starboard Value disclosed in an SEC filing its holdings as of June 30, 2024. Starboard increased its stake in four holdings, including by size of previous position, Salesforce (CRM), News Corp (NWSA), Fortrea (FTRE), and Alight (ALIT). Starboard reduced its stake in a number of holdings, including by size of previous position, Humana (HUM), GoDaddy (GDDY), Wix.com (WIX), and Aecom (AEM). Starboard's top holdings as of June 30, in order of size, were GoDaddy, Gen Digital (GEN), Salesforce, Algonquin Power (AQN), and Alight.
LUV...

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16:26 EDT Elliott adds Southwest, exits Peabody in Q2 - Paul Singer's Elliott Investment Management disclosed in an SEC filing its holdings as of June 30, 2024. The fund's three new buys during the second quarter included, by size of position, Southwest Air (LUV), Sensata (ST), and ARM Holdings (ARM). Elliott exited a number of positions during the quarter, including by size of previous position Constellation Brands (STZ), Endeavor (EDR), Peabody Energy (BTU), iShares Bitcoin Trust ETF (IBIT), and Nvidia (NVDA). The fund increased its stake in several holdings, including by size of previous position Match Group (MTCH), Etsy (ETSY), Liberty Broadband Class C (LBRDK), HDFC Bank (HDB), and Transocean (RIG). Elliott decreased its stake in one position, namely Seadrill (SDRL). The fund's top holdings as of June 30, in order of size, were Triple Flag (TFPM), Suncor (SU), Marathon Petroleum (MPC), Pinterest (PINS), and NRG Energy (NRG).
FERG...

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16:24 EDT Trian cuts Disney stake, takes new position in Wendy's - Nelson Peltz's Trian Fund Management disclosed in an SEC filing its holdings as of June 30, 2024. Trian's new buys during the second quarter included, by size of position, Ferguson (FERG), Solventum (SOLV), U-Haul (UHAL), and Rentokil (RTO). Trian exited one position during the quarter, Sysco (SYY). Trian increased its stake in one holding, Wendy's (WEN). Trian reduced its stake in three holdings, including by size of previous position, Disney (DIS), Invesco (IVZ), and Allstate (ALL). Trian's top holdings as of June 30, in order of size, were Janus Henderson (JHG), GE Aerospace (GE), Wendy's, Invesco, and Ferguson.
SPIR

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16:23 EDT Spire Global to delay filing 10-Q - The company states: "Spire Global is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 within the prescribed time period without unreasonable effort and expense. The Company is in the process of reviewing its accounting practices and procedures with respect to revenue recognition related to certain contracts in its "Space as a Service" business under applicable accounting standards and guidance. The re-evaluation relates to the potential existence of embedded leases of identifiable assets in the Contracts and the related recognition of revenue for pre-space mission activities. The Company is also considering any related internal control matters associated with the Contracts. Due to this ongoing review, the preparation of the Company's condensed consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024, will require additional time to complete. Depending upon the results of this review, the Company may be required to restate or revise its previously issued financial statements. As a result of this ongoing review and the related delay in the preparation of the Company's financial statements for such periods, the Company will be unable to deliver the quarterly financial information that is required to be provided to the lenders under the Company's financing agreement with Blue Torch Finance LLC, as administrative agent and collateral agent, and certain lenders, as of and for periods ended June 30, 2024, and potentially future periods, depending on when its review related to the Contracts is complete. Further, based on preliminary information, but subject to change as a result of the ongoing review described above, the Company believes that it may not be in compliance with the maximum debt to EBITDA leverage ratio financial covenant under the Financing Agreement as of June 30, 2024. The Company is in active dialog with Blue Torch regarding potential waivers and/or amendments to the Financing Agreement, which may include a fee payment or potential additional financial covenant requirements, in an effort to avoid the collateral agent exercising remedies available to it under the Financing Agreement. For the avoidance of doubt, there is no assurance that the lenders will agree to any waiver or amendment to the Financing Agreement on terms acceptable to the Company or at all. While the Company's review is ongoing, at the time of filing this report, the type of Contracts that the Company has identified for re-evaluation resulted in recognized revenue of approximately $10 to $15 million on an annual basis. Depending on the results of the review, additional financial measures such as gross profit could also be impacted. However, the Company believes that the re-evaluation of its revenue recognition for these Contracts will not impact the Company's statements of cash flows for any period."
HOOD

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16:21 EDT Robinhood reports July Assets under custody $144.5B - Robinhood reported select monthly operating data for July. Funded customers at the end of July were 24.2M. Assets under custody, or AUC, at the end of July were $144.5B. Net deposits were $4.2B in July, translating to a 36% annualized growth rate relative to June 2024 AUC. Over the last twelve months, net deposits were $35.8B, translating to an annual growth rate of 38% relative to July 2023 AUC. Equity notional trading volumes were $104.4B. Options contracts traded were 160.5M. Crypto notional trading volumes were $5.3B. Margin balances at the end of July were $5.4B. Total cash sweep balances at the end of July were $21.8B. Total securities lending revenue in July was $21M.
LVLU

Hot Stocks

16:19 EDT Lulu's Fashion Lounge says CapEx plan reduced to $3.5M for FY24 - The full year 2024 capital expenditure plan has been reduced to approximately $3.5 million, a reduction of $1.5 million to $2.5 million relative to the previous estimate. The cost reduction measures are expected to contribute to an approximate 10-15% reduction in operating expenses for the second half of 2024 compared to the first half, to better align with the anticipated slower sales recovery.
CSCO

Hot Stocks

16:17 EDT Cisco sees charges of up to $1B for restructuring plan - Cisco announced a restructuring plan "to allow it to invest in key growth opportunities and drive more efficiencies in its business." In connection with this restructuring plan, Cisco currently estimates that it will recognize pre-tax charges of up to $1B consisting of severance and other one-time termination benefits, and other costs. Cisco expects to recognize approximately $700M to $800M of these charges in Q1 of fiscal 2025 with the remaining amount expected to be recognized during the rest of the fiscal year.
SPY...

Hot Stocks

16:17 EDT Soros buys JD.com, cuts AerCap in Q2 - George Soros' Soros Fund Management disclosed in an SEC filing its holdings as of June 30, 2024. The fund's new buys during the second quarter were, by size of position, SPDR S&P 500 ETF Trust (SPY), ChampionX (CHX), Alibaba (BABA), Stericycle (SRCL), and JD.com (JD). Soros exited a number of positions during the quarter, including by size of previous position Aramark (ARMK), Okta (OKTA), Vestis (VSTS), Cloudflare (NET), and iShares China Large-Cap ETF (FXI). The fund increased its stake in a number of holdings, including by size of previous position AstraZeneca (AZN), WestRock (WRK), Axonics (AXNX), EchoStar (SATS), and Accenture (ACN). Soros reduced its stake in several holdings, including by size of previous position Novo (NVO), Alphabet Class A (GOOGL), AerCap (AER), CRH (CRH), and PG&E (PCG). The fund's top holdings as of June 30, in order of size, were SPDR S&P 500 ETF Trust, AstraZeneca, WestRock, Alphabet, and AerCap.
MPW

Hot Stocks

16:16 EDT Medical Properties Trust sells 11 Colorado facilities for $86M - Medical Properties Trus announced the completion of its sale of 11 freestanding emergency department primary care, imaging and urgent care facilities in Colorado to University of Colorado Health for $86 million. The Company intends to use the proceeds from the transaction to reduce debt and for general corporate purposes.
ICLR

Hot Stocks

16:15 EDT Icon names Nigel Clerkin as new CFO - ICON announced the appointment of Nigel Clerkin as its new Chief Financial Officer. Most recently, Nigel was CFO at LetsGetChecked, a global provider of at-home healthcare services.
TLPH

Hot Stocks

16:13 EDT Talphera reports Q2 EPS (15c) vs. (41c) last year - "We're excited to have initiated the screening of patients at multiple clinical sites in the NEPHRO CRRT registrational study. We now have finalized clinical trial agreement terms with eight large academic institutions including our potentially highest enrolling sites. We have also received FDA approval to increase the maximum number of study sites from 10 to 14 which we believe will help expedite completion of the study," stated Vince Angotti, CEO of Talphera. "The NEPHRO study should be enrolled and completed efficiently given the measurement of the primary endpoint is at 24 hours, with patients completing the study after 72 hours. In addition, having Breakthrough Device Designation from the FDA potentially provides an advantage for a timely approval of the product candidate next year. Nafamostat has the potential to address known disadvantages of currently available U.S. products for anticoagulation of the extracorporeal circuit and has been used, as a standard of care, in Japan and South Korea for over 30 years. We're looking forward to making nafamostat available to healthcare providers in the United States, if approved," continued Angotti.
VXRT

Hot Stocks

16:12 EDT Vaxart rallies 6% to 63c after bullish Opco initiation with $4 target
NSC...

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16:11 EDT Tepper's Appaloosa exits Norfolk Southern, boosts Adobe in Q2 - David Tepper's Appaloosa Management disclosed in an SEC filing its holdings as of June 30, 2024. The fund's one exit during the second quarter was Norfolk Southern (NSC). Appaloosa increased its position in a number of holdings, including by size of previous position Lyft (LYFT), KraneShares CSI China Internet ETF (KWEB), iShares China Large-Cap ETF (FXI), Adobe (ADBE), and ASML (ASML). The fund reduced its stake in a number of holdings, including by size of previous position Nvidia (NVDA), Intel (INTC), Meta (META), AMD (AMD), and Microsoft (MSFT). Appaloosa's top holdings as of June 30, in order of size, were Alibaba (BABA), Amazon (AMZN), Microsoft, Meta, and Alphabet Class C (GOOG).
BN...

Hot Stocks

16:10 EDT Pershing Square takes new stakes in Brookfield Corp, Nike - Bill Ackman's Pershing Square Capital Management disclosed in an SEC filing its holdings as of June 30, 2024. Pershing's two new buys during the second quarter included, by size of position, Brookfield Corp (BN) and Nike (NKE). Pershing reduced its stake in a number of holdings, including by size of previous position, Chipotle (CMG), Restaurant Brands (QSR), Canadian Pacific Kansas City (CP), Alphabet (GOOG), and Hilton Worldwide (HLT). Pershing's top holdings as of June 30, in order of size, were Hilton Worldwide, Chipotle, Restaurant Brands, Alphabet, and Canadian Pacific Kansas City.
SPRU

Hot Stocks

16:07 EDT Spruce Power Holding affirms FY24 operating EBITDA view of $68M-$86M
CVS

Hot Stocks

16:01 EDT CVS Health names Heidi Capozzi as Chief People Officer - CVS Health announced that Heidi Capozzi will join the company as Executive Vice President, Chief People Officer, effective September 9. She will lead the human resources, labor relations, compensation and benefits, and corporate social responsibility teams who support CVS Health's strategy to build a world of health around every consumer.
INCY

Hot Stocks

15:40 EDT Incyte CMO Stein sells 11,608 common shares - In a regulatory filing, Incyte chief medical officer Steven Stein disclosed the sale of 11,608 common shares of the company on August 12 at a price of $60.63 per share.
INCY

Hot Stocks

15:16 EDT FDA announces approval of Incyte graft-versus-host disease treatment - The Food and Drug Administration said it approved Incyte's Niktimvo, a colony stimulating factor-1 receptor-blocking antibody, for the treatment of chronic graft-versus-host disease after failure of at least two prior lines of systemic therapy in adult and pediatric patients weighing at least 40 kg.
MDLZ

Hot Stocks

15:04 EDT Teamsters union working at Mondelez authorize strike - Members of Teamsters Local 104 working at Mondelez have unanimously authorized a strike, the union announced in a statement. The 100% strike authorization vote "is a direct result of the company's unacceptable contract offer, management's use of aggressive intimidation tactics, and greedy executives' refusal to bargain in good faith," the Teamsters added. Teamsters Local 104 represents workers throughout Arizona. "This is a fight Mondelez will lose," said Jeff Padellaro, Director of the Teamsters Brewery, Bakery, and Soft Drink Conference. "Our members at Mondelez are united, and we are ready to stand shoulder to shoulder until we secure the fair contract we deserve. These workers are not asking for the moon-just for what they rightfully deserve."
SONO

Hot Stocks

14:53 EDT Sonos lays off 6% of staff, committed to reducing real estate - Sono announced a reduction in force involving approximately 6% of its employees. The company also committed to further reducing its real estate footprint. The action are intended to improve the company's operating model and cost structure. Sonos estimates that it will incur approximately $9M to $12M of restructuring and related charges, of which $6M to $8M are related to employee severance and benefits costs. The company expects to incur substantially all of the restructuring and related charges in Q4.
BCAB

Hot Stocks

14:44 EDT BioAtla rallies after Burry's Scion discloses new stake - Shares of BioAtla are moving higher after Michael Burry's Scion Asset Management disclosed a new position as of June 30, of 633,959 shares. The stock in afternoon trading is up 11% to $1.62.
UNH...

Hot Stocks

14:14 EDT Tiger Global buys Qualcomm, exits Instacart in Q2 - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of June 30, 2024. The fund's new buys during the second quarter included, by size of position, UnitedHealth (UNH), Qualcomm (QCOM), Applied Materials (AMAT), ZKH Group (ZKH), and Rubrik (RBRK). Tiger exited two positions during the quarter, namely Instacart (CART) and Freshworks (FRSH). The fund increased its stake in multiple holdings, including by size of previous position Sea Ltd. (SE), Eli Lilly (LLY), Grab Holdings (GRAB), and TSMC (TSM). Tiger reduced its stake in several holdings, including by size of previous position Corpay (CPAY), ZoomInfo (ZI), and JD.com (JD). The fund's top holdings as of June 30, in order of size, were Meta (META), Microsoft (MSFT), Alphabet Class A (GOOGL), Apollo Global (APO), and Amazon (AMZN).
APDN

Hot Stocks

14:07 EDT Applied DNA rallies after WHO declares mpox global emergency - Applied DNA Sciences in September of 2022 launched monkeypox testing as a clinical reference laboratory testing service available to hospital systems and clinical labs located in New York State and in states that recognize New York's CLEP/CLIA certification for testing. Shares of Applied DNA are up 25% to 44c in afternoon trading.
GILD

Hot Stocks

14:05 EDT Gilead confirms FDA approval of Livdelzi for primary biliary cholangitis - Gilead Sciences announced that the Food and Drug Administration has granted accelerated approval for Livdelzi for the treatment of primary biliary cholangitis in combination with ursodeoxycholic acid in adults who have had an inadequate response to UDCA, or as monotherapy in patients unable to tolerate UDCA. The use of Livdelzi is not recommended for people who have or develop decompensated cirrhosis.
CNI...

Hot Stocks

13:56 EDT North American rail traffic up 3.7% for the week ending August 10 - The Association of American Railroads or AAR reported U.S. rail traffic for the week ending August 10. For this week, total U.S. weekly rail traffic was 496,509 carloads and intermodal units, up 5.2% compared with the same week last year. Total carloads for the week ending August 10 were 222,039 carloads, down 0.9% compared with the same week in 2023, while U.S. weekly intermodal volume was 274,470 containers and trailers, up 10.6% compared to 2023. Six of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included grain, up 3,866 carloads, to 18,402; chemicals, up 2,969 carloads, to 32,959; and farm products excl. grain, and food, up 546 carloads, to 16,193. Commodity groups that posted decreases compared with the same week in 2023 included coal, down 7,633 carloads, to 61,031; nonmetallic minerals, down 1,295 carloads, to 31,849; and metallic ores and metals, down 906 carloads, to 19,432...North American rail volume for the week ending August 10, on 10 reporting U.S., Canadian and Mexican railroads totaled 326,804 carloads, down 0.2% compared with the same week last year, and 353,768 intermodal units, up 7.7% compared with last year. Total combined weekly rail traffic in North America was 680,572 carloads and intermodal units, up 3.7% . North American rail volume for the first 32 weeks of 2024 was 21,143,021 carloads and intermodal units, up 2.3% compared with 2023 Publicly traded companies in the space include CSX (CSX), Canadian National (CNI), Canadian Pacific Kansas City (CP), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), FreightCar America (RAIL), L.B. Foster (FSTR), Wabtec (WAB) and GATX GATX). Reference Link
VRAX

Hot Stocks

13:41 EDT Virax Biolabs rallies after WHO declares mpox global emergency - Virax Biolabs in September of 2022 started distributing monkeypox virus antigen test kits in markets accepting the CE mark, such as the European Union. Shares of Virax are up 10% to $1.41 in afternoon trading.
ARWR

Hot Stocks

13:34 EDT Arrowhead to advance two RNAi-based obesity candidates into clinical studies - Arrowhead Pharmaceuticals presented preclinical data and detailed its plans to advance two next generation RNAi-based candidates, ARO-INHBE and ARO-ALK7, into upcoming clinical studies for the treatment of obesity and metabolic diseases. In preclinical studies to date, these candidates demonstrated the potential to reduce body weight and fat mass with a novel mechanism of action that may lead to improved preservation of lean muscle mass compared to currently approved obesity therapies. Arrowhead plans to submit clinical trial applications with regulatory authorities for both programs by the end of 2024 with the goal of initiating clinical studies in volunteers with obesity in early 2025. ARO-INHBE is designed to reduce the hepatic expression of the INHBE gene and its secreted gene product, Activin E. ARO-ALK7 is designed to reduce the adipose expression of Activin receptor-like kinase 7. INHBE and ALK7 are both genetically validated targets with loss of function variants being associated with lower risk of obesity and metabolic diseases, such as type 2 diabetes. Both targets are involved in the same pathway that regulates energy homeostasis in adipose tissue, with Activin E acting as a circulating ligand and ALK7 as a receptor on adipocytes. Intervening in this pathway with ARO-INHBE and ARO-ALK7 is believed to result in increased lipolysis, and reductions in adipose hypertrophy and dysfunction, visceral adiposity, and insulin resistance.
SIGA GOVX

Hot Stocks

13:31 EDT Siga, GeoVax rally after WHO declares mpox global emergency - The World Health Organization has declared mpox an international emergency. Shares of Siga Technologies (SIGA), whose lead product is an antiviral drug for the treatment of human smallpox disease, are up 20% to $10.98 following the news. In December 2023, GeoVax Labs (GOVX) announced that it had amended a previously executed Patent and Biological Materials License Agreement with the National Institute of Allergy and Infectious Diseases to expand GeoVax's commercial license to include mpox and smallpox as additional indications. The company's shares are up 20% to $3.00.
MAT

Hot Stocks

13:16 EDT Mattel names Sai Koorapati Chief Technology Officer - Mattel announced that Sai Koorapati has been appointed Senior Vice President and Chief Technology Officer for the company, effective August 19. Koorapati joins Mattel from his most recent role as Senior Vice President, Global Information Technology at Topgolf Callaway Brands.
INTC

Hot Stocks

13:06 EDT Karma Automotive enters collaboration with Intel to co-develop SDVA - Karma Automotive announces its bilateral collaboration with Intel Automotive to co-develop Software Defined Vehicle Architecture which will underpin its upcoming vehicles including the Karma Kaveya super coupe, anticipated to arrive in 2026. Further, through the shared expertise from their respective industries, the companies will demonstrate and validate critical concepts for the advancement of open standards for SDVA that can be shared openly and commercially to support the transformation of the broader automotive industry.
GILD

Hot Stocks

13:06 EDT FDA posts approval of Gilead liver disease drug Livdelzi - Reference Link
UPBD

Hot Stocks

12:40 EDT Upbound brand Acima sued by New York Attorney General - New York Attorney General Letitia James sued Acima, an Upbound Group brand, "for deceiving more than 100,000 New York consumers." The lawsuit alleges that Acima violated New York's rent-to-own law by "leasing" goods that could not be returned, charging more than the allowable amount on goods, and misleading consumers about the cost of financing provided by Acima. "These dishonest actions resulted in New York consumers enrolling in contracts that more than doubled the price of items they were trying to buy. The lawsuit seeks to end Acima's deceptive business practices, secure civil penalties, and collect restitution for impacted consumers," James said in a statement. Shares of Upbound Group are down 1% to $31.19 following the lawsuit. Reference Link
SPOT AAPL

Hot Stocks

12:38 EDT Spotify says iPhone customers in EU to now see pricing info in-app - Spotify (SPOT) said that iPhone (AAPL) customers in the EU will now see pricing information for Spotify in the app and the fact that they can go to our website to purchase items directly. "EU iPhone consumers will now benefit from seeing our end of summer promotional pricing," the music streaming company said. "They'll also finally be able to see how much a Premium plan of their choosing costs once the promotion ends. Consumers on other operating systems like Android will continue to see this promotion and pricing information as they always have. While this is progress, it's only a small step in the long march towards giving iPhone consumers basic product experiences they expect and deserve in their apps - experiences that users of other phones already enjoy. Unfortunately, Spotify and all music streaming services in the EU are still not able to freely give consumers a simple opportunity to click a link to purchase in app because of the illegal and predatory taxes Apple continues to demand, despite the Commission's ruling." Reference Link
AAPL

Hot Stocks

12:35 EDT Apple says developers can offer in-app NFC transactions using Secure Element - Apple said that, starting with iOS 18.1, developers will be able to offer NFC contactless transactions using the Secure Element from within their own apps on iPhone, separate from Apple Pay and Apple Wallet. Using the new NFC and SE (Secure Element) APIs, developers will be able to offer in-app contactless transactions for in-store payments, car keys, closed-loop transit, corporate badges, student IDs, home keys, hotel keys, merchant loyalty and rewards cards, and event tickets, with government IDs to be supported in the future. As users' security and privacy is of the utmost importance to Apple, this new solution was designed to provide developers with a secure way to offer NFC contactless transactions from within their iOS apps. The NFC and SE APIs leverage the Secure Element - an industry-standard, certified chip designed to store sensitive information securely on device. Apple has dedicated significant resources to design a solution that protects users' security and privacy, leveraging a number of Apple's proprietary hardware and software technologies when making a contactless transaction, including the Secure Enclave, biometric authentication, and Apple servers. To make a contactless transaction within an app that utilizes these APIs, users can either open the app directly, or set the app as their default contactless app in iOS Settings, and double-click the side button on iPhone to initiate a transaction. To incorporate this new solution in their iPhone apps, developers will need to enter into a commercial agreement with Apple, request the NFC and SE entitlement, and pay the associated fees. This ensures that only authorized developers who meet certain industry and regulatory requirements, and commit to Apple's ongoing security and privacy standards, can access the relevant APIs. The NFC and SE APIs will be available to developers in Australia, Brazil, Canada, Japan, New Zealand, the U.K., and the U.S. in an upcoming developer seed for iOS 18.1, with additional locations to follow. Developers and users will continue to have access to the easy, secure, and private experience of Apple Pay and Wallet. Reference Link
BX

Hot Stocks

12:04 EDT Chartis announces majority investment from Blackstone, terms not disclosed - Chartis has entered into a definitive agreement to receive a majority investment from funds managed by Blackstone. This strategic investment will support the firm's continued growth as a leading advisor to providers, payers, technology innovators, retail companies, and investors who are making positive and transformative change within US healthcare. The investment includes continued equity participation from Audax Private Equity. Blackstone is investing in Chartis through its core private equity strategy, which partners with high-quality, market-leading businesses for longer periods than traditional private equity. The investment will enable Chartis to further extend its capabilities across its strategic, digital and technology, clinical, and financial transformation offerings for healthcare clients. This funding is also anticipated to help further expand the full Chartis family of companies, currently including HealthScape Advisors, Jarrard, and Greeley. The transaction is expected to close by the end of 2024, subject to customary closing conditions and regulatory approvals. Terms of the transaction were not disclosed.
RSKD

Hot Stocks

12:01 EDT Riskified falls -17.8% - Riskified is down -17.8%, or -$1.06 to $4.90.
IBTA

Hot Stocks

12:01 EDT Ibotta falls -18.9% - Ibotta is down -18.9%, or -$10.99 to $47.20.
ESLA

Hot Stocks

12:01 EDT Estrella Immunopharma names Hong Zhang as chairperson - Estrella Immunopharma announced the appointment of Hong Zhang as Chairperson and a member of its Board of Directors. This appointment comes shortly after the company dosed the first patient in its Phase I/II clinical trial for EB103, an autologous T-cell therapy for adult patients with relapsed or refractory B-cell Non-Hodgkin's Lymphoma. Zhang's appointment increases the size of Estrella's Board from five to six directors. Cheng Liu, Estrella's CEO and previous Chairman, will continue to serve as a director on the Board.
OUST

Hot Stocks

12:01 EDT Ouster falls -22.8% - Ouster is down -22.8%, or -$2.48 to $8.40.
LUMN

Hot Stocks

12:01 EDT Lumen rises 12.4% - Lumen is up 12.4%, or 62c to $5.63.
SDHC

Hot Stocks

12:00 EDT Smith Douglas Homes rises 13.2% - Smith Douglas Homes is up 13.2%, or $4.29 to $36.85.
VSCO

Hot Stocks

12:00 EDT Victoria's Secret rises 17.4% - Victoria's Secret is up 17.4%, or $3.31 to $22.39.
FEDU

Hot Stocks

11:42 EDT Four Seasons Education (Cayman) Inc(ADR) trading resumes
AMBI

Hot Stocks

11:37 EDT Ambipar Emergency Response trading resumes
FEDU

Hot Stocks

11:37 EDT Four Seasons Education (Cayman) Inc(ADR) trading halted, volatility trading pause
AMBI

Hot Stocks

11:32 EDT Ambipar Emergency Response trading halted, volatility trading pause
EAT

Hot Stocks

11:22 EDT Brinker sees 30-50 bps ROM improvement y/y in 2025 vs. 2024 - Comments taken from Q4 earnings conference call.
SABR

Hot Stocks

10:37 EDT Sabre, WestJet expand long-term distribution deal - Sabre Corporation and WestJet have signed a multi-year renewal of their distribution agreement. This agreement will continue to provide Sabre-connected agencies with access to WestJet's robust content including future New Distribution Capability offers. The renewed agreement highlights the evolution of modern airline retailing. Through NDC offers, Sabre-connected agencies can present their customers with a richer array of travel choices. This development aligns with industry demand for more personalized and transparent travel retailing, allowing airlines to better differentiate their offerings, benefiting travelers with greater flexibility and customization. Once NDC is implemented, travel agents will be able to shop, book and service WestJet's NDC offers, alongside its EDIFACT content, through Sabre's Offer and Order APIs, the agency point-of-sale solution, Sabre Red 360, and the corporate booking tool, GetThere. Details about the NDC implementation will be shared closer to the launch.
LTRY BGOPF

Hot Stocks

10:29 EDT Sports.com expands partnership with Bango - Lottery.com (LTRY) announces that Sports.com has expanded its partnership with Bango (BGOPF). The partnership is designed to expand Sports.com's reach to new markets worldwide through Bango's extensive international distribution network. Sports.com has successfully completed its integration with Bango's Digital Vending Machine, allowing for seamless distribution of its sports content platform to millions of potential new users globally. The partnership targets the launch of Sports.com in 40 markets, focusing primarily on North America and Europe, with additional expansions into 5-6 markets across Latin America and the Asia Pacific region. The priority markets identified include the US, UK, Ireland, Chile, and Mexico, where the Company expects to see substantial engagement from sports fans.
CRECF

Hot Stocks

10:14 EDT Critical Elements receives amended CA for Rose Lithium-Tantalum project - Critical Elements Lithium has received the amended certificate of authorization for the Rose Lithium-Tantalum project from the Ministere de l'Environnement, de la Lutte contre les changements climatiques, de la Faune et des Parcs du Quebec. The amendments to the original CA issued on October 31, 2022, include the addition of the following points: The construction and development of the permanent workers' camp with a capacity of 250 people; The temporary provision of an additional 250 people at the camp during the construction phase; The use of two borrow Pit. This will allow for the Project to submit its Construction permit applications for the Early Earth Works and the Workers' Camp. The Corporation also provide da Project and activities update. While global Electric Vehicle and Energy Storage System sales have continued to grow to record levels, the overall lithium market sentiment and media coverage remains negative as seen through the material share price and valuation challenges experienced by producers through to developers and explorers since April 2022. Critical Elements has not been immune to this correction phase. Critical Elements management and board of directors continue work in preparation for the completion of a financing package for the Project that allows for a final investment decision while maintaining an attractive capital structure and mitigating risk. Critical Elements is working to arrange a comprehensive financing package to fully fund the development of Rose. Shareholders will be updated as the financing package progress and timelines will be updated as the project financing package is assembled. The Corporation recognizes the intricacy of these negotiations and due diligence required. At this time, there can be no guarantees as to the timing and outcome of this process. Management is committed to securing an optimal outcome for Rose's development/
GNLN

Hot Stocks

10:11 EDT Greenlane Holdings trading resumes
GNLN

Hot Stocks

10:06 EDT Greenlane Holdings trading halted, volatility trading pause
SBGI

Hot Stocks

10:04 EDT Sinclair Broadcast expands podcast division with slate of sports programming - Sinclair is expanding its podcast division, launching a new slate of sports programming featuring top athletes, coaches, and experts. On August 21 Sinclair will launch "The Triple Option," hosted by Urban Meyer, Mark Ingram II, and Rob Stone. On September 5, "Throwbacks" with Matt Leinart and Jerry Ferrara will debut. Sinclair expects to introduce additional shows to its growing podcast lineup, giving audiences unparalleled access to the athletes and the games they love.
FLUT

Hot Stocks

10:01 EDT Flutter Entertainment rises 10.1% - Flutter Entertainment is up 10.1%, or $19.27 to $210.66.
ZKH

Hot Stocks

10:01 EDT ZKH Group rises 10.2% - ZKH Group is up 10.2%, or 29c to $3.14.
VSCO

Hot Stocks

10:00 EDT Victoria's Secret rises 20.6% - Victoria's Secret is up 20.6%, or $3.93 to $23.00.
IBTA

Hot Stocks

10:00 EDT Ibotta falls -12.1% - Ibotta is down -12.1%, or -$7.07 to $51.12.
EAT

Hot Stocks

10:00 EDT Brinker falls -14.9% - Brinker is down -14.9%, or -$10.50 to $59.90.
OUST

Hot Stocks

10:00 EDT Ouster falls -21.3% - Ouster is down -21.3%, or -$2.31 to $8.57.
SDHC

Hot Stocks

09:48 EDT Smith Douglas Homes rises 7.5% - Smith Douglas Homes is up 7.5%, or $2.43 to $34.99.
FLUT

Hot Stocks

09:48 EDT Flutter Entertainment rises 10.7% - Flutter Entertainment is up 10.7%, or $20.41 to $211.80.
VSCO

Hot Stocks

09:47 EDT Victoria's Secret rises 15.4% - Victoria's Secret is up 15.4%, or $2.93 to $22.00.
RSKD

Hot Stocks

09:47 EDT Riskified falls -11.1% - Riskified is down -11.1%, or -66c to $5.30.
EAT

Hot Stocks

09:47 EDT Brinker falls -11.9% - Brinker is down -11.9%, or -$8.38 to $62.02.
OUST

Hot Stocks

09:47 EDT Ouster falls -18.6% - Ouster is down -18.6%, or -$2.02 to $8.86.
JNPR HPE

Hot Stocks

09:41 EDT Juniper takeover by HP Enterprise approved by India competition commission - The Competition Commission of India has approved HP Enterprise's pending acquisition of Juniper Networks (JNPR). Reference Link
SAVE

Hot Stocks

09:35 EDT Spirit Airlines announces new 'Just Go' travel options, reimagined look - Spirit Airlines' four new travel options are officially taking off, giving travelers access to book the airline's transformed Guest experience and new premium offerings for the first time. The new options, dubbed "Just Go," deliver even friendlier, more comfortable, and cost-effective travel, all at great value. Travelers can book Go Big, Go Comfy, Go Savvy, and Go now at spirit.com and on the Spirit mobile app. Spirit is celebrating the transformation of its Guest experience by unveiling a reimagined brand and new "More Fly" campaign. Spirit is celebrating the transformation of its Guest experience by unveiling a reimagined brand identity that pays homage to its past while capturing the vision for its future. The creative refresh expands on the carrier's iconic yellow and black and introduces additional colors, as well as a new logo treatment featuring a motif of aircraft windows. The reimagined brand comes to life through a new campaign inspired by the elevated options that empower travelers to feel "More Fly" on every journey. The updated look and brand voice are being unveiled on spirit.com, the Spirit mobile app, and across the airline's digital channels and advertising. The Just Go options are available to book starting today and all include the flexibility of no change or cancel fees. Go Big to get enhanced comfort with a Big Front Seat, one checked and one carry-on bag, priority check-in and boarding, snacks and drinks, including alcoholic beverages, and streaming access to fast Wi-Fi. Go Big is available for Guests to start experiencing today, and the snacks and drinks and priority check-in included with Go Big will launch on Aug. 27. Go Comfy to choose an aisle or window seat with a guaranteed blocked middle seat, one checked and one carry-on bag, priority boarding, and a snack and non-alcoholic beverage during each service. Go Comfy is available to experience beginning Aug. 27. Go Savvy to get a standard seat selection and a choice of one checked or one carry-on bag. Go Savvy is available to experience starting today. Go to keep it simple with the greatest affordability. Standard seat selection, a checked bag and other options can be purchased separately. Go is available to experience beginning today.
RPD

Hot Stocks

09:35 EDT Rapid7 jumps 5% to $36.86 after Jana discloses new position - Jana Partners disclosed this morning that it bought $117.8M of Rapid7 during Q2, a new position for the firm.
HNNA

Hot Stocks

09:35 EDT Hennessy Advisors Inc trading resumes
HNNA

Hot Stocks

09:30 EDT Hennessy Advisors Inc trading halted, volatility trading pause
GNPX AZN

Hot Stocks

09:29 EDT Genprex provides clinical study updates for its Acclaim 1 and 3 trials - Genprex (GNPX) announced positive clinical study updates for its Acclaim-1 and Acclaim-3 clinical trials for the treatment of non-small cell lung cancer, or NSCLC, and small cell lung cancer, or SCLC, respectively, and plans to re-focus its oncology clinical development program. Patients in the Company's lung cancer clinical trials are being treated with the Company's lead drug candidate, Reqorsa, or quaratusugene ozeplasmid, Gene Therapy. Two patients in the Acclaim-1 study have had prolonged Progression Free Survival, or PFS, and importantly, the first treated patient in the Acclaim-3 study attained a Partial Remission, or PR, from the start of maintenance therapy. Ryan Confer, President and CEO, commented on the update: "We are excited by these early and promising patient responses to REQORSA treatment, particularly as these patients represent some of the most difficult to treat lung cancer patient populations. There is significant unmet medical need for patients afflicted with lung cancer, as nearly all patients' disease progresses following treatment, even when treated with today's most advanced targeted therapies and immunotherapies. This leaves patients with limited therapeutic options. We are thrilled our novel gene therapy treatment for lung cancer, REQORSA, is demonstrating early evidence of efficacy with a favorable safety profile. We look forward to continuing to evaluate REQORSA in our lung cancer clinical trials while we advance our efforts to bring new therapies to those battling cancer." The Acclaim-1 clinical trial is evaluating the combination of REQORSA and AstraZeneca's (AZN) Tagrisso to treat patients with late-stage NSCLC who have activating EGFR mutations and disease progression after treatment with Tagrisso. The Acclaim-3 clinical trial is evaluating the combination of REQORSA and Genentech's Tecentriq as a maintenance therapy to treat patients with extensive stage small cell lung cancer who did not develop tumor progression after receiving Tecentriq and chemotherapy as initial standard treatment. Confer and the executive team have evaluated resource allocations to ensure streamlined, focused strategies to support expeditious regulatory submissions for REQORSA and will implement the following changes to the Company's oncology clinical development plans in order to prioritize resources and focus on the most promising aspects of the Acclaim-1 and Acclaim-3 lung cancer clinical trials.
XYLO

Hot Stocks

09:28 EDT Xylo says Revoltz to launch three-wheel electric cargo bike in Europe, UK - Xylo Technologies announced that Revoltz, which is 19.9% held by Charging Robotics, a Delaware corporation quoted on the OTC Market 67% owned by Xylo, has developed a new, three-wheel, electric cargo bike tailored for the European and UK markets. Building on the success of Revoltz's PORTO micro-EV, this new bike is designed to offer enhanced stability, increased payload capacity, and high-caliber safety features, making it fit for urban transportation and commercial applications. Revoltz has integrated its advanced full-tilting suspension system, also implemented in the PORTO, into this new three-wheel electric cargo bike, ensuring a smooth and balanced ride, even with bulky loads. This product meets European and UK regulatory standards and aims to address various urban transportation challenges in the respective urban areas. Revoltz expects the first prototype to be ready within the next three months, with commercialization anticipated for early 2025.
JAMF MSFT

Hot Stocks

09:20 EDT Jamf Holding enters the Microsoft ISV Partner Program - Jamf (JAMF) announced it is entering the Microsoft (MSFT) ISV Partner Program, and has signed a five-year agreement to expand its existing collaboration with new and innovative Microsoft Cloud and AI-powered solutions for our joint customers. This collaboration marks a significant milestone in Jamf's mission to deliver robust, scalable endpoint management and security solutions to help organizations succeed with Apple. Jamf offerings will be hosted on Microsoft Azure and available for purchase on the Azure Marketplace starting in late 2024.
XTLB

Hot Stocks

09:19 EDT XTL Biopharmaceuticals completes acquisition of The Social Proxy - XTL Biopharmaceuticals has completed the acquisition of THE SOCIAL PROXY, an AI web data company, developing and powering a unique ethical, IP based, proxy and data extraction platform for AI and BI Applications at scale. Pursuant to the Purchase Agreement, XTL acquired all of the issued and outstanding share capital of Social Proxy on a fully diluted basis in exchange for the issuance by the Company to the shareholders of Social Proxy, by way of a private placement, such number of ADSs of the Company, representing immediately after such issuance, 44.6% of the issued and outstanding share capital of the Company and the payment of US$430,000 to the shareholders of Social Proxy. In addition, as part of the Transaction, the shareholders of Social Proxy were issued additional warrants, which may only be exercised upon reaching certain financial measured milestones within a period of up to three years from the closing of the Transaction. Social Proxy will operate as fully owned subsidiary of XTL and its shareholders appointed two representatives to the Company's board of directors out of a total of up to seven directors. The Transaction, which was approved by the Company's shareholders, is part of the Company's strategy to expand its assets portfolio with high potential assets. In addition and in order to support the growth of Social Proxy and the Company's financial needs , the Company has consummated its previously disclosed investment of US$1,500,000 through a private placement that was approved by the shareholders.
MKTW

Hot Stocks

09:19 EDT MarketWise names David Eifrig as interim CEO - "As you may know, Porter announced his decision to step away from the CEO and Chairman positions on Friday. Now, the MarketWise board has asked me to step into the role of interim CEO. As I mentioned, MarketWise currently faces a number of challenges that I'm confident we can overcome by continuing some of the initiatives Porter was working on and tackling a few other forward-looking items. I want you to understand where I will be focusing my attention and the energies of our company," said interim CEO David Eifrig
KDLY

Hot Stocks

09:18 EDT KindlyMD sees cash runway for at least 12-month period - In June 2024, KindlyMD completed its IPO for total net proceeds of $6.02 million, providing adequate liquidity and cash reserves to meet its obligations for at least the 12-month period following June 30, 2024, and to assist the Company in implementing its strategic operational business plans to create sustained cash flow generation thereafter.
NVNO

Hot Stocks

09:15 EDT enVVeno provides update on FDA premarket approval application for VenoValve - enVVeno Medical provided an update on the U.S. Food and Drug Administration premarket approval application status for its lead product, a surgical replacement venous valve called the VenoValve. Four out of five modules that comprise the VenoValve PMA application have now been submitted, reviewed and approved by the FDA, with the fifth and final module containing the clinical data from the SAVVE U.S. pivotal trial for the VenoValve expected to be filed in the fourth quarter of this year. The enVVeno Medical PMA application seeking FDA approval for the VenoValve consists of five sections including: Module 1 -- Sterilization, Packaging, and Packaging Shelf-Life Testing; Module 2 -- Non-clinical and Device Shelf-Life Testing; Module 3 -- Biocompatibility, Animal Study, and Tissue Sourcing; Module 4 -- Manufacturing Information; Module 5 - Clinical Data and Proposed Labeling; The first four modules have now been submitted, reviewed, and approved by the FDA. The Company is in the process of collecting one-year clinical data for each patient in the SAVVE study, to support the filing of the fifth and final module of the PMA application for the VenoValve, which the Company expects to file in Q4 of this year. As of June 30, 2024, the Company had cash and investments of $39.1 million on hand, which the Company expects to be sufficient capital to fund operations through an FDA decision on the PMA application for the VenoValve.
SCHW

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09:13 EDT Charles Schwab core net new assets brought to company $29B in July - The Charles Schwab Corporation released its Monthly Activity Report. Company highlights for the month of July 2024 include: Core net new assets brought to the company by new and existing clients totaled $29B more than double July 2023 asset gathering levels. Total client assets were $9.57 T as of month-end July, up 16% from July 2023 and up 2% compared to June 2024. New brokerage accounts totaled 327 thousand in July, an increase of 8% and 5% versus July 2023 and June 2024, respectively. Transactional sweep cash finished July 2024 at $371.8 B, down approximately 1% versus June 2024. While client engagement in the markets remained strong through July, the combined month-over-month decline in bank sweep deposits and broker-dealer cash balances was less than $1B.
LAES

Hot Stocks

09:13 EDT Sealsq unveils AI Internet of Things Strategy - SEALSQ announces its entry into the AI chip market, underscored by its AIoT strategy, which seamlessly merges the power of AI with the expansive potential of IoT technologies. This move positions SEALSQ at the cutting edge of technological innovation, where the convergence of AI and IoT is set to drive digital transformation and reshape industries. While IoT has been around for several years, recent technological advances, including better connectivity, cloud computing, machine learning, artificial intelligence, related analytics, and low-cost sensors, have significantly accelerated its adoption. However, with the surge in data volumes, challenges have arisen in absorbing, interpreting, and making informed decisions from this data. AI enables technical systems to perceive their environment, solve problems, and act to achieve specific goals. Essentially, AI allows machines to understand existing scenarios, address issues, and implement solutions autonomously. The core of SEALSQ's AIoT strategy is the integration of advanced semiconductors, smart sensors, AI technologies, and a comprehensive data cloud. This fusion creates a holistic platform designed to not only foster innovation but also ensure the success and efficiency of digital transformation initiatives for its customers. AIoT acts as the brain that powers the nervous system of the network of IoT objects operating within the SEALSQ Ecosystem, which currently secures over 1.6 billion IoT devices secured with SEALSQ VaultIC. With the introduction of 5G, this ecosystem is poised for even more rapid growth, as 5G will enable the connection of every object, person, and machine. AIoT will embed AI into the core infrastructure components of the ecosystem, including Root of Trust, semiconductors, and edge computing. Specialized APIs provide interoperability between components at the device, software, and platform levels, optimizing system and network operations.
RPD...

Hot Stocks

09:12 EDT Jana added Rapid7 during Q2, sold out of Freshpet - Barry Rosenstein's Jana Partners disclosed in an SEC filing its holdings as of June 30, 2024. Jana made three new buys in Q2: $117.8M of Rapid7 (RPD), $55.9M of BlackLine (BL) and $16.1M of Fortrea (FTRE). The firm exited one position during the quarter, selling $126.7M of Freshpet (FRPT). Jana also increased positions in Wolfspeed (WOLF), Trimble (TRMB) and TreeHouse (THS). It decreased stakes in SPDR S&P 500 ETF Trust (SPY), QuidelOrtho (QDEL), FIS (FIS) and Frontier Communications (FYBR). Jana's top holds as of June 30, in order of size, were Frontier, SPDR S&P 500 ETF Trust, FIS, Trimble and Mercury Systems (MRCY).
UGRO

Hot Stocks

09:10 EDT Urban-Gro announces delayed 10-Q filing, restatement of financial statements - urban-gro announced its decision to restate its previously issued financial statements for the years ended December 31, 2022 and 2023, as well as the first quarter of 2024. As a result of the restatement process, the Company will not be able to file its Quarterly Report on Form 10-Q for the second fiscal quarter of 2024 within the filing deadline established by the Securities and Exchange Commission. As reported on the Company's Current Report on Form 8-K filed on May 6, 2024, the Company dismissed its previous independent registered public accounting firm, BF Borgers. On May 3, 2024, the SEC instituted public administrative and cease-and-desist proceedings against BF Borgers. In the Current Report on Form 8-K filed on May 29, 2024, the Company announced that it had appointed Sadler, Gibb & Associates as its new independent public accounting firm. Sadler Gibb has substantially conducted a re-audit of the Company's previously issued financial statements for the year ended December 31, 2023. In connection with the re-audit of the 2023 financial statements as conducted to date, Sadler Gibb has not identified any material misstatements in the Company's revenue, Adjusted EBITDA, or cash flows. Sadler Gibb identified incorrect accounting of the deferred tax liabilities associated with historical share-purchase acquisitions made by the Company. Accounting for the initial deferred tax liabilities associated with the acquisitions was determined to be proper, however, the majority of the deferred tax liabilities that were recorded in connection with the share-purchase acquisition of each acquired company should have been recorded as income tax benefits to the statement of operations shortly after each acquisition. The Company had been amortizing these deferred tax liabilities to the statement of operations over a period corresponding to the amortization of the intangible assets with which they were associated. Adjusting for this incorrect accounting is expected to result in a reduction in cumulative net losses for fiscal years 2022 and 2023. As a result of the audit findings to date, the Company will now engage Sadler Gibb to re-audit the Company's fiscal year 2022 financial statements in order for the Company to file amended 10-K and 10-Q filings for the fiscal years ended December 31, 2023 and 2022 and the fiscal quarters ended March 31, 2022 through March 31, 2024. As part of the 2023 re-audit, Sadler Gibb has identified other immaterial adjustments which will also be adjusted in connection with the amended filings. Based on the information currently available, which is limited to Sadler Gibb's re-audit of the 2023 financial statements, the Company does not expect a material impact to previously reported revenues, Adjusted EBITDA, or cash flows. As a result, the Company has not yet filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, and will be unable to file the report by the prescribed due date. Although the Company cannot at this time estimate when it will file its restated financial statements and the Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, it is diligently pursuing completion of the restatements and intends to make such filings as soon as reasonably practicable following the completion of Sadler Gibb's re-audit of the 2022 financial statements. Based on the preliminary findings by and in consultation with Sadler Gibb, the Company's Audit Committee has determined that the Company's previously issued financial statements for the years ended December 31, 2023 and 2022 and the quarterly periods ended during those fiscal years, as well as the quarter ended March 31, 2024, should no longer be relied upon. Similarly, any previously issued or filed reports, press releases, earnings releases, investor presentations or other communications of the Company describing the Company's financial results or other financial information relating to those periods should no longer be relied upon.
MPTI

Hot Stocks

09:10 EDT M-Tron Industries reports backlog $45.3M as of June 30 - Backlog was $45,322,000 as of June 30, compared to $47,831,000 as of December 31, 2023 and $51,591,000 as of June 30, 2023. The decrease in Backlog from December 31, 2023 reflects the increase in revenues along with the variability of our order intake due to the size and timing of large program-related orders
MPTI

Hot Stocks

09:08 EDT M-Tron Industries boosts FY24 revenue view to $46M-$48M, consensus $44.8M - With the continued momentum in defense-related sales, and the acceleration in production and shipments during the first half of 2024, MPTI management has raised the outlook for fiscal year 2024, increasing revenues to a range of $46.0 million to $48.0 million from a previous range of $43.0 million to $45.0 million. MPTI has good visibility for the remaining two quarters of 2024 and expects EBITDA to continue to be in the 19% to 21% range. The foregoing statements represent the Company's current estimates of MPTI's 2024 consolidated revenues as of the date of this release. Actual results may differ materially depending on a number of factors. Investors are urged to read the Cautionary Note Concerning Forward Looking Statements included in this release. Management does not assume any obligation to these estimates.
TRUP

Hot Stocks

09:08 EDT Trupanion partners with CDC, partners to launch health warning system - Trupanion, in partnership with the Centers for Disease Control and Prevention, and leading pet industry partners, announced the formation of a collaborative Advisory Board to launch a Pet & Public Health Early Warning & Detection System. The Advisory Board will also be joined by Boehringer Ingelheim, Mars Science & Diagnostics, and other leading pet, public health and animal health authorities. The Early Warning & Detection System will be centered around Trupanion's patented Veterinary Portal technology, which is already active in over 10,000 veterinary hospitals in North America and expanding globally.
AXP

Hot Stocks

09:07 EDT American Express to open new Centurion Lounge at Salt Lake City International - American Express announced plans to open a new Centurion Lounge at Salt Lake City International Airport, or SLC. American Express is the first credit card issuer to announce plans to open a proprietary lounge at SLC. The newly constructed lounge is scheduled to open in the new Concourse B in 2025 as part of Phase 4 of The New SLC Airport Redevelopment program.
VECO

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09:06 EDT Veeco announces agreement with IBM - Veeco Instruments announced that IBM selected the WaferStorm Wet Processing System for Advanced Packaging applications and has entered into a joint development agreement to explore advanced packaging applications using multiple wet processing technologies from Veeco. Under the agreement, the Waferstorm Wet Processing System will be installed at facilities at the Albany NanoTech Complex in Albany, NY, where IBM and other ecosystem partners are driving leading-edge R&D in advanced packaging and chiplet technologies.
MPTI

Hot Stocks

09:05 EDT M-Tron Industries' 'opportunities with new engineering and designs drive growth' - The opportunities with new engineering and designs continues to drive future growth, while manufacturing throughput improvement is helping increase margin expansion. Further, we are pleased to have initiated a stock option program earlier this year allowing the professionals at MPTI an opportunity to share in the business's growth. Ferrantino added, "As we report strong results, our team's pursuit of excellence accelerates as reflected in the value creation since IPO. This continued growth and success are a testament to our dedicated professional staff and their unwavering commitment to delivering exceptional value to our customers. We remain steadfast in our mission to innovate, adapt, and lead in our industry, driving sustainable growth and creating long-term value for all stakeholders." "MPTI is a uniquely positioned American-made Defense product platform and presents an improved outlook for the business moving forward," continued Mr. Ferrantino.
CART

Hot Stocks

09:03 EDT Instacart and PHA partner to serve fruits and vegetables - Instacart and Partnership for a Healthier America, or PHA, the nation's leading nonprofit working to improve the food landscape in pursuit of health equity, announced that they have connected families with over five million servings of fruits and vegetables, marking a major milestone in their ongoing national effort to connect under-resourced communities with 10 million servings of produce by 2025. Instacart's and PHA's joint commitment was made as part of the White House Conference on Hunger, Nutrition, and Health in 2022. The organizations also announced program impact results from the most recent Good Food at Home cities, as well as an expansion that provides Instacart Health Fresh Funds through Good Food at Home to more than 1,000 families in three new cities: Chicago; New Orleans; and Wichita, Kansas. PHA's Good Food at Home program is designed to increase access to good food - food that is affordable, sustainable, nutritious, high-quality and culturally connected - and help families build healthy habits. Instacart Health delivers the ingredients for healthier living, leveraging Instacart's platform, products and partnerships to expand access to nutritious food, make healthy choices easier, and scale food-based programs with partners across the country. Instacart today offers online SNAP acceptance from nearly 180 retail banners across 30,000+ stores, reaching nearly 98% of U.S. households enrolled in SNAP.
ADMA

Hot Stocks

09:00 EDT Adma Biologics announces partial paydown of revolving credit facility - ADMA Biologics has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital. Following the partial paydown, ADMA has reduced its total gross debt to $105 million, comprised of its existing $62.5 million term loan and $42.5 million now outstanding under its revolving credit facility. The partial paydown was funded by utilizing cash on hand.
CSLR

Hot Stocks

08:58 EDT Complete Solaria COO Brian Wuebbels to depart - On August 16, COO Brian Wuebbels will leave the Company to take on a CEO role in a manufacturing company near his home in Highland, Illinois. Linda DeJulio, VP of Quality, was appointed to be the Acting COO.
CSLR

Hot Stocks

08:56 EDT Complete Solaria provides update on headcount reductions - The company said, "the Company made its seventh and final reduction to 109 employees in Q1'24 for both financial and productivity reasons. The latest Q2'24 data show that we have maintained a flat headcount, even after integrating 37 new employees from Core Energy, a Logan, Utah-based solar company very similar to Complete Solar."
CSLR SPWR

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08:54 EDT SunPower seeks to designate Complete Solar as stalking horse in APA - SunPower is seeking to have Complete Solar designated as the stalking horse in its Chapter 11 bankruptcy APA with a $45 million bid for certain assets. The hearing to approve the stalking horse motion is scheduled for August 29, before the U.S. Bankruptcy Court in Delaware, with the likely closing of the sale by the end of Sept. 2024. In order to stabilize the SunPower business, Complete Solar's bid also will assume certain liabilities, including up to $7.2 million for the SunPower New Homes business. Retention employment offers were made to a group of SunPower New Homes employees.
REBN

Hot Stocks

08:53 EDT Reborn Coffee closes Master License Agreement for Liaoning Province, China - Reborn Coffee announces a significant expansion into the China market through a strategic Master License Agreement with Shenyang Yongsheng Seven Stars Tourism Development Co., facilitated by Reborn China. This transformative partnership will establish Reborn Coffee's premier locations in Shenyang, the bustling capital of Liaoning Province, home to over 43 million people. This joint venture combines Reborn Coffee's deep expertise in retail coffee operations with Shenyang Yongsheng Seven Stars Tourism Development Co.'s extensive influence as a leading tourism provider in China.
RNXT

Hot Stocks

08:52 EDT RenovoRx announces first patient enrolled at UNMC for Phase III TIGeR-PaC trial - RenovoRx pharmaceutical company developing novel precision oncology therapies based on a local drug-delivery platform, announced today that the first patient has been enrolled at the University of Nebraska Medical Center, UNMC, in RenovoRx's ongoing pivotal Phase III TIGeR-PaC clinical trial for Locally Advanced Pancreatic Cancer, LAPC. The TIGeR-PaC study is using RenovoRx's TAMP therapy platform, to evaluate the Company's first product candidate, RenovoGem, which is a drug-device combination that utilizes pressure-mediated delivery of gemcitabine across the arterial wall near the tumor site to bathe the target tumor. The study is comparing treatment with TAMP in LAPC to the current standard-of-care.
FMST

Hot Stocks

08:51 EDT Foremost Lithium appoints Dong Shim as CFO - Foremost announced the appointment of Mr. Dong Shim, a partner in SHIM & Associates as CFO effective August 15, 2024. Mr. Shim brings an extensive background as a CFO for various publicly traded companies, primarily focused on the junior mining, oil and gas, pharmaceutical, and high-tech sectors. Mr. Shim serves as an audit partner on numerous audit engagements has led a successful accounting and finance career in both the U.S. and Canada. Sead Hamzagic will be stepping down from his role as CFO to be able to focus time and energy with his family.
VCNX

Hot Stocks

08:50 EDT Vaccinex provide update on findings for SIGNAL-AD Phase 1b/2 trial of pepinemab - Vaccinex provided an update on new clinical findings from its SIGNAL-AD Phase 1b/2 trial of pepinemab antibody in Alzheimer's disease. The Company recently announced positive results of the phase 1b/2 study of its lead product, pepinemab, in early stages of Alzheimer's disease. Following completion of its phase 2 study in HD, the Company recognized that a major market and strategic focus of its potential pharmaceutical partners was AD. The Company, therefore, undertook to determine whether pepinemab had similar effects in AD as it had reported for HD. The SIGNAL-AD clinical trial was a smaller, cost-effective study in AD that focused on common features of disease progression in AD and HD, including an important efficacy endpoint, the well-characterized decline in brain metabolic activity reflected by FDG-PET signal in a key brain region that is affected early in disease. For AD, one such region, identified in multiple prior studies, is the medial temporal cortex from which disease manifestations spread to other temporal regions and, over time, to the rest of the brain. In the randomized SIGNAL-AD study, that goal was clearly reached by data showing a statistically significant difference in FDG-PET signal in the medial temporal cortex following 12-months of treatment with pepinemab compared to placebo. Pepinemab was well-tolerated in AD, consistent with prior clinical experience in HD.
FMST

Hot Stocks

08:50 EDT Foremost Lithium announces drill results from Zoro Property - Foremost Lithium Resource & Technology announced results from completed 5,826-metre drilling campaign at its Zoro Lithium Property that was previously announced completed on May 23, 2023. The drilling program targeted untested mineralization at depth, south-east of Dyke 1, the Company's maiden inferred resource of 1,074,567 tons at a grade of 0.91% Li2O, with a cut-off of 0.3%, as outlined in the Company's filed Regulation SK-1300 Technical Report Summary and NI 43-101 Technical Report. Assay results included 1.52% Li2O over 5.02m in drill hole FL24-009, 1.10% Li2O over 9.88m in drill hole FL24-010, and 0.80% Li2O over 9.05m in drill hole FL24-020. Jason Barnard, President & CEO of Foremost, said: "We are pleased to announce these strong drill results, reflecting the significant upside potential in our Zoro property and in the entirety of our Lithium Lane projects. As the world continues its energy transition, lithium projects in friendly nations close to industrial demand centers are poised to play a key role. To that end, I firmly believe that Foremost's lithium project portfolio could help make Canada into a leading supplier of lithium to North American industry."
OMQS

Hot Stocks

08:49 EDT Omniq forms strategic alliance with Ingenico - OMNIQ announces a non-exclusive agreement with Ingenico, a global leader in seamless payment. OMNIQ Corp. will leverage its innovative fintech software alongside Ingenico's state-of-the-art payment solutions. This strategic alliance aims to enhance and streamline payment across various industries, marrying OMNIQ's AI-driven technology solutions with Ingenico's global expertise in payment. This collaboration leverages the recent acquisition of Codeblocks Ltd and aims to deliver superior payment solutions, enriching customer experiences across various industries. Together, OMNIQ and Ingenico are setting new standards in fintech innovation and operational efficiency.
TOON

Hot Stocks

08:48 EDT Kartoon Studios provides business update for Q2 - Kartoon Studios provided a business update for the quarter ended June 30, 2024. Key Highlights: Kartoon Channel! streaming service emerges as one of the premier kids' entertainment hub; 120% growth in Amazon Prime subscribers from June 2023 to 2024; profitability of streaming services continues growing monthly; Distribution across 16 platforms including iOS, Android Mobile, Web, Amazon Prime Video, Apple TV, Amazon Fire, Roku, Pluto TV, Comcast, Cox, Dish, Sling TV, Android TV, Tubi, Xumo, Samsung and LG Smart TVs; international presence, now operating in 69 countries globally, and growing; Significant cost reductions across all operating units resulting in 39% decrease in direct operating costs vs. Q2 2023; Net losses slashed by 61% in Q2 2024 vs Q2 2023; Growth fueled by 'Three Pillars' business strategy; Kartoon Channel/Stan Lee Universe/Winnie-the-Pooh; Kartoon Studios expands 'Stan Lee Universe' with Amazon storefront, and 'Stan Lee Presents' YouTube Channel now with over 300,000 subscribers and growing. Social media footprint growing with over 27M followers; Kartoon Studios reimagines Winnie-the-Pooh for a new generation; $30 million non-dilutive JV financing from Catalyst Partners drives broad production commitment of 104-episode series and holiday specials set to debut on Kartoon Channel via Amazon Prime Video Andy Heyward, Kartoon Studios' Chairman and CEO stated: "We've now harnessed the momentum from the first quarter of 2024 to solidify our goal of sustained growth and profitability in 2025. Revenue of $8.4 million in Q2 2024, a 38% increase from Q1 2024, illustrates that the industry as a whole is rebounding following the resolution of the Writers Guild of America and Screen Actors Guild disputes in late Q3 and early Q4 of 2023. Our efforts to streamline operations are paying off, with a 39% reduction in direct operating costs in the second quarter compared to Q2 of 2023. Over the first half of 2024, we have seen an even more remarkable 51% decrease in these costs year-over-year. Our financial performance has markedly improved in 2024, with loss from operations down by 46% and 28% for the three- and six-month periods ending June 30, 2024, respectively, compared to the corresponding periods in 2023 after adjusting for the one-time impairments the Company took in the six months ended June 2023." Kartoon Studios reported revenue of $8.4 million for the quarter ended June 30, 2024. As of June 30, 2024, the Company had current assets of $38.8 million, working capital of $5.2 million, and total stockholders' equity of $44.4 million. The Company had no Long-Term Debt as of June 30, 2024.
JNVR

Hot Stocks

08:47 EDT Janover entered into agreement for AI tech with International Land Alliance - Janover announced it has entered into a licensing agreement for its artificial intelligence technology with International Land Alliance. This collaboration will integrate a component of Janover's generative AI technology into ILAL's sales and marketing operations, enhancing their capabilities and demonstrating Janover's ongoing commitment to providing cutting-edge AI and technology infrastructure to the real estate industry and beyond.
KRBP

Hot Stocks

08:47 EDT Kiromic BioPharma's Deltacel receives FDA fast track designation - Kiromic BioPharma announces that the U.S. Food and Drug Administration FDA has granted Fast Track designation to Deltacel, the company's allogeneic, off-the-shelf, Gamma Delta T-cell GDT herapy. The designation was awarded for KB-GDT-01 in combination with low-dose radiation therapy for the treatment of patients with metastatic non-small cell lung cancer NSCLC who have progressed on at least two lines of standard of care therapy including platinum-based chemotherapy, immune checkpoint inhibitors and targeted therapy to improve progression-free survival and overall survival. Deltacel is currently being evaluated in the Deltacel-01 Phase 1 study in patients with stage 4 NSCLC who have failed to respond to standard therapies. Fast Track designation is designed to facilitate the development and expedite the review of drugs intended to treat serious conditions and fill an unmet medical need. The designation allows for more frequent communication with the FDA, potential priority review, and a rolling submission of Biologics License Application or New Drug Application. "Receipt of Fast Track designation is a significant milestone for Kiromic and underscores the potential of Deltacel to address the urgent needs of patients with advanced solid tumors," said Pietro Bersani, Chief Executive Officer of Kiromic BioPharma. "We are encouraged by the FDA's recognition of our innovative approach and are committed to the clinical development of Deltacel. Fast Track designation will enable us to work more closely with the FDA as we complete Deltacel-01 and advance this promising therapy into later stage studies." The Fast Track designation follows recent positive data from the ongoing Deltacel-01 clinical trial, in which Deltacel has demonstrated a favorable safety profile and preliminary clinical efficacy in NSCLC patients. Kiromic expects to activate a fifth clinical trial site on August 30th.
OGEN

Hot Stocks

08:46 EDT Oragenics shows ONP-002 stable across wide temperature range - Oragenics announced its lead candidate for treating concussion, ONP-002, is stable across a wide temperature range, eliminating the need for cumbersome cold storage for the drug device combination. ONP-002 is a new chemical entity designed to target the brain through a breath propelled delivery system into the nasal cavity to treat concussions. Oragenics recently completed the synthesis of its ONP-002 drug batch for the planned Phase II clinical trial. The company reports 3-month stability with over 99% purity at temperatures ranging from -20 degrees C to 104 degrees C. Oragenics is confident in its belief that ONP-002 will not require cumbersome cold chain protocols during transport and storage, maintaining its chemical structure and function even in extreme temperatures.
ORGS

Hot Stocks

08:46 EDT Orgenesis announces JV partnership with Harley Street Healthcare Group - Orgenesis announced a strategic partnership agreement with Harley Street Healthcare Group. This partnership aims to accelerate the clinical development and commercialization of advanced wellness and longevity therapies and products to a global customer base, aimed at significantly reducing the impact of lifestyle-related illnesses on people's health. Under the terms of the agreement, Orgenesis and HSHG will establish a joint venture, with Orgenesis owning 49% and HSHG owning 51% of the entity. The JV will focus on launching innovative health and wellness services, including personalized preventative care and regenerative therapies. The goal is to establish a comprehensive "Health-Wellness-as-a-Service" model, leveraging HSHG's established healthcare network and Orgenesis' cutting-edge biotech innovations. The JV intends to introduce a suite of wellness and longevity products by the end of 2024 that will include immune cell banking, aging and longevity therapies, preventative illness screening, and regenerative therapies using stem cells. The initial rollout will target key global regions, including the United Kingdom, UAE, MENA, Canada, ASEAN, the Balkans, Africa, Latam, and the Indian subcontinent. In connection with the agreement, HSHG has agreed to invest up to $10 million over three years into Orgenesis and the joint venture.
SDIG

Hot Stocks

08:37 EDT Stronghold Digital Mining continues formal strategic review process - The formal strategic review process being conducted by Stronghold and its Board of Directors continues with the assistance of outside financial and legal advisors. To date, the Company has received numerous bids for all or parts of the Company. The Company and its Board continue to consider a wide range of alternatives to maximize shareholder value, including, but not limited to, the sale of all or parts of the Company, another strategic transaction involving some or all of the assets of the Company, and strategic financing. There is no deadline or definitive timetable set for the completion of the strategic alternatives process, and there can be no assurance any proposal will be made or accepted, any agreement will be executed, or any transaction will be consummated in connection with this review. As one part of its strategic review process, Stronghold has assessed opportunities to expand and enhance its current sites. In May and June 2024, Stronghold submitted preliminary load studies to local utilities to import an additional 400 megawatts at Panther Creek. One of the preliminary load studies was for an additional 250 MW and found that such power may be able to be delivered in stages over the next one to five years. The Company has submitted a project feasibility report, which is the next step toward securing this 250 MW. The preliminary load studies associated with the remaining capacity are still in progress. In August 2024, Stronghold secured a one-year option with certain extension rights to purchase up to approximately 1,140 acres of land adjacent to the Company's existing Panther Creek site. The Company believes that this option, along with the ability to expand the electricity and fiber available at the existing site and proximity to other data centers, provides Panther Creek with a significant opportunity for data center expansion. Stronghold's Scrubgrass site is 636 acres, and the Company is pursuing various expansion opportunities including preliminary load studies submitted to import an additional 390 MW from the grid. In July, Stronghold engaged Appleby Strategy Group, an end-to-end data center solutions expert, to advise the Company in evaluating additional potential uses for the Scrubgrass and Panther Creek sites. Initial assessments from ASG support the view that expansive access to land, electricity, fiber, and water are key differentiating traits of the Stronghold sites that may make them attractive for large-scale data center development.
ADIL

Hot Stocks

08:36 EDT Adial Pharmaceuticals reports Q2 net loss $2.5M vs $1.1M last year - Cary Claiborne, President and Chief Executive Officer of Adial, stated, "I'm proud of the important progress we have made during the second quarter of 2024 in advancing AD04, our lead investigational genetically targeted, serotonin-3 receptor antagonist, therapeutic agent for the treatment of Alcohol Use Disorder (AUD). In June we initiated a pharmacokinetics study of AD04. The final patient completed dosing in the second cohort in August, marking a significant milestone for us. We expect to report topline results from the study during the fourth quarter of 2024. Completion of this study will satisfy a key requirement of the FDA guidance we received as well as inform the study design for the planned Phase 3 clinical trial of AD04. We believe that this will position us more favorably in our ongoing conversations with potential partners."
ADIL

Hot Stocks

08:35 EDT Adial Pharmaceuticals expects cash to fund operations into 2H of 2025 - Cash and cash equivalents were $3.3 million as of June 30, 2024, compared to $2.8 million as of December 31, 2023. Following the end of the quarter, the Company received total gross proceeds of approximately $3.8 million from utilization of its at-the-market facility. Including the proceeds from at-the-market facility, the Company believes that its existing cash and cash equivalents will fund its operating expenses into the second half of 2025 based on current commitments and development plans.
ICCM

Hot Stocks

08:32 EDT IceCure Medical announces publication of study on cryoablation - IceCure Medical announced the publication of an independent study titled "Acceptance and results of cryoablation for the treatment of early breast cancer in non-surgical patients" in the British Journal of Radiology, a publication of the British Institute of Radiology. The single-site study, led by Lucia L. Garna Lopez, was conducted by researchers in the radiology, oncology, and surgery departments at Hospital Lucus Augusti in Lugo, Spain. The aim of the study was to evaluate the acceptance of percutaneous cryoablation treatment by patients with early-stage breast cancer who choose not to have surgery. Of the 45 patients offered cryoablation with ProSense, 43 patients, or 95.6% accepted. 36 of these, representing 39 malignant tumors, proceeded to undergo cryoablation. The median age of patients treated with cryoablation was 87, with a range of 60-96. After a median follow-up of 16 months, the complete ablation rate in luminal breast cancer with tumors less than or equal to 25mm was 100%. No major complications were seen.
VITFF

Hot Stocks

08:22 EDT Victoria Gold provides update on heap leach facility incident - Victoria Gold Corp. announced that after the close of markets on August 13, 2024, and further to the heap leach facility incident that occurred at the Eagle Gold Mine on June 24, 2024, the Company was served with an application by the Yukon Government seeking, among other things, the appointment of a receiver over the Company and its property and related relief pursuant to the Courts of Justice Act, such application being returnable before the Ontario Superior Court of Justice on August 14, 2024. The Company intends to respond to oppose the Application.
ALBT

Hot Stocks

08:20 EDT Avalon announces Laboratory Services MSO begun making catheter device - Avalon GloboCare announced that Laboratory Services MSO has begun manufacturing the GeeWhiz External Condom Catheter, a patented, FDA-registered, in-market, male incontinence device. LSM plans to launch its sales of the GeeWhiz External Condom Catheter in the third quarter of 2024. Avalon owns a 40% interest in LSM. "We are thrilled to introduce the GeeWhiz External Condom Catheter to the market in the anticipated upcoming launch," stated David Jin, M.D., Ph.D., President and Chief Executive Officer of Avalon GloboCare. "The GeeWhiz External Condom Catheter represents a significant advancement in managing male incontinence. Not only is this device FDA-registered and approved for reimbursement by Medicare, but it is also supported by several private insurance providers."
AQST

Hot Stocks

08:20 EDT Aquestive Therapeutics reiterates expected timing for NDA filing of Anaphylm - Aquestive Therapeutics commented on the approval of a non-injection-based device for delivery of epinephrine for the treatment of severe allergic reactions, including anaphylaxis, by the United States Food and Drug Administration. "Use of epinephrine for the treatment of severe allergic reactions, including anaphylaxis, has been in needle-based form since its original U.S. FDA approval in 1939," said Daniel Barber, President & Chief Executive Officer of Aquestive. "We are excited to see the FDA's recent approval of an alternative non-injection-based device form of epinephrine. Literature and patient surveys indicate that adherence and compliance will likely improve as products become less invasive, easier to carry, easier to use, and easier to fit into daily life. We look forward to seeing more products in the hands of patients, including our lead pipeline program, Anaphylm Sublingual Film, if approved by the FDA. Anaphylm is in late-stage development and has the potential to be the first and only oral epinephrine product for the treatment of severe allergic reactions, including anaphylaxis." Aquestive is currently conducting its remaining supportive study for Anaphylm, the oral allergy syndrome challenge study, which is expected to be completed late in the third quarter or early fourth quarter of 2024. The Company is reiterating its guidance of initiating a full product launch of Anaphylm, if approved by the FDA, at the end of 2025 or in the first quarter of 2026. This is based on completing an NDA submission with the FDA in the first quarter of 2025.
SCOR

Hot Stocks

08:19 EDT Proximic by Comscore, Horizon Media announce strategic partnership - Proximic by Comscore, a division of Comscore, and Horizon Media announced a strategic partnership in which Horizon Media selects Proximic by Comscore as their preferred contextual intelligence provider to streamline access to privacy-resilient targeting at scale for its extensive global client base.
IMMP

Hot Stocks

08:18 EDT Immutep announces first participant dosed in Phase I study of IMP761 - Immutep Limited announces that the first participant has been successfully dosed in the first-in-human Phase I trial of IMP761. This first-in-class agonist LAG-3 antibody is designed to restore balance to the immune system by enhancing the "brake" function of LAG-3 to silence dysregulated self-antigen-specific memory T cells that cause many autoimmune diseases. The single and multiple ascending dose, placebo-controlled, double-blind Phase I study is being conducted by the Centre for Human Drug Research, a world-class institute in Leiden, the Netherlands, specializing in cutting-edge early-stage clinical drug research. The study aims to enroll 49 healthy volunteers, to assess safety, pharmacokinetics and pharmacodynamics.
MNKD

Hot Stocks

08:18 EDT MannKind director Kent Kresa to retire from board - MannKind Corporation announced that Kent Kresa has decided to retire from MannKind's Board of Directors effective September 30, 2024. In addition, the Board of Directors has appointed Steven B. Binder to the Board, also effective September 30, 2024. Kresa, who has served on MannKind's Board of Directors since June 2004, was Chairman from 2016 until December 2020. Upon his retirement from the MannKind Board, Mr. Kresa will continue to be associated with the company in the capacity of Chairman Emeritus. Binder previously served as MannKind's Chief Financial Officer from July 2017 until April 2024 and currently serves as Executive Vice President, Special Projects. Mr. Binder will remain in that role until he joins the Board of Directors on September 30, 2024, after which he will no longer be an employee of the Company. With the addition of Binder, there will remain nine total members of the MannKind Board of Directors.
ESCA

Hot Stocks

08:16 EDT Escalade announces retirement of CEO Walter Glazer at end of 2024 - Escalade announced that Walter P. Glazer, Jr. has notified the Escalade Board that he would like to retire as CEO and President at the end of 2024. The company's Board of Directors will lead a comprehensive search process for his successor that will consider both internal and external candidates. Glazer, who has been a shareholder since 1991 and a Director for the past nine years, will continue serving on the Board after his retirement, pending annual shareholder approval. Reflecting on his time as CEO, Glazer stated,
MNPR

Hot Stocks

08:16 EDT Monopar announces initial data for first patient dosed in trial of MNPR-101-Zr - Monopar Therapeutics announced the successful dosing of the first patient in its open-label Phase 1 imaging and dosimetry clinical trial of its uPAR-targeted imaging radiopharmaceutical MNPR-101-Zr. MNPR-101-Zr was well-tolerated with no serious adverse reactions reported through the last imaging timepoint and the corresponding initial safety review. Preliminary analysis of MNPR-101-Zr's pharmacokinetics and biodistribution suggests the low radiation dose to healthy tissue aligns with what was anticipated based on the previously presented MNPR-101-Zr preclinical biodistribution data. Dosimetry analysis showed absorbed organ doses were well below accepted safety limits; for example, the radiation dose to red bone marrow was about 14 mGy, which is around 150 times less than the generally accepted limit of 2-to-3 Gy. No unanticipated or excessive uptake of MNPR-101-Zr was observed in any critical organs through the end of the subject's imaging period. The patient has metastatic disease from a cancer type not known for high uPAR expression.
APLD

Hot Stocks

08:16 EDT Applied Digital appoints Gary Smith as Senior Director, physical security - Applied Digital announced the appointment of Gary Smith as its new Senior Director of Physical Security. Smith has over 40 years of experience in law enforcement and corporate security and is expected to play a pivotal role in the ongoing safety and integrity of Applied Digital's facilities. In this role, Smith will be responsible for overseeing all aspects of physical safety at Applied Digital, including security services, access control, and systems technology. Applied Digital believes that Smith's extensive experience in security management will enhance the Company's existing safety measures and support its continued commitment to providing secure and reliable infrastructure solutions. Smith joins Applied Digital from Digital Realty, one of the world's largest data center REITs, where he started as Director of Security in 2012, later advancing to the role of Vice President of Portfolio Security, Compliance, and Business Continuity.
ACON

Hot Stocks

08:14 EDT Aclarion announces first commercial agreement in Michigan - Aclarion announced it has established a commercial agreement with Sheridan Community Hospital in Sheridan, Michigan. The agreement brings Nociscan to central Michigan and leading neurosurgeon, John Keller, MD. "At Sheridan Community Hospital, we are committed to bringing dedication and expertise to provide individual-based professional health care for the families in our community - and beyond," says Lili Petricevic, CEO of Sheridan Community Hospital. "We are thrilled to engage with Aclarion and bring their innovative solution, Nociscan, to our community. Low back pain affects our community and Nociscan will be a valuable decision support tool when choosing treatment options."
GRI

Hot Stocks

08:12 EDT GRI Bio sees cash runway into 1Q25 - As of June 30, 2024, the Company had cash and cash equivalents of approximately $6.4 million. In June 2024, the Company closed a public offering with aggregate gross proceeds of $4.0 million. Based on the Company's current operating plan, the Company believes that its existing cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements into the first quarter of 2025.
PSNY

Hot Stocks

08:09 EDT Polestar commences production of Polestar 3 in South Carolina - Polestar announced that production of its luxury SUV, Polestar 3, has started in South Carolina. This makes the Polestar 3 the first Polestar to be produced on two continents. The factory in South Carolina produces cars for customers in the U.S. and Europe, complementing existing production in Chengdu, China.
GENI

Hot Stocks

08:08 EDT Genius Sports to supply semi-automated offside technology for Premier League - Genius Sports has been appointed as the Premier League's Semi-Automated Officiating supplier. This agreement will improve offside decision-making in the most watched football league in the world, with a focus on enhancing the experience for fans, players and officials.
VYNE

Hot Stocks

08:07 EDT VYNE Therapeutics sees cash runway through end of 2025 - As of June 30, 2024, VYNE had cash, cash equivalents, restricted cash and marketable securities of $78.1 million. VYNE believes its cash, cash equivalents, restricted cash and marketable securities as of June 30, 2024 will be sufficient to fund its operations through the end of 2025.
FOUR

Hot Stocks

08:06 EDT Shift4 Payments selected by Pacers Sports & Entertainment, no terms - Shift4 has been selected by Pacers Sports & Entertainment to power all ticket sales and foodservice payments at Gainbridge Fieldhouse, home of the National Basketball Association's Indiana Pacers. Shift4 delivers a suite of payment technologies that cater to the unique needs of largescale sporting venues like Gainbridge Fieldhouse in Indianapolis. The company provides an all-in-one solution that supports the many revenue centers and large transaction volume of stadiums and arenas, streamlining operations for these venues while enhancing the guest experience.
URGN

Hot Stocks

08:05 EDT UroGen Pharma completes NDA submission for UGN-102 - UroGen Pharma announced the successful completion of its new drug application, or NDA, submission for investigational drug UGN-102, for intravesical solution. UroGen anticipates potential FDA approval in early 2025, if the NDA is accepted for filing by the FDA and priority review is granted.
ITRN...

Hot Stocks

08:05 EDT Ituran announces partnership with Microsoft and Porsche - Ituran Location and Control (ITRN) is proud to announce a partnership with Microsoft (MSFT) and Porsche (POAHY), bringing cutting-edge real-time data telemetry technology to the world of motorsports for the Porsche Carrera Cup motor race. This collaboration leverages advanced real-time data collection, transmission, and cloud-based analysis, empowering Porsche racing teams to optimize performance during races. The technology underwent rigorous testing throughout the 2023 season in Brazil and for the current 2024 season of the Porsche Carrera Cup, it is fully operational in Brazil, Argentina and Portugal.
IMNN

Hot Stocks

08:04 EDT Imunon sees cash runway into 3Q25 - The Company had $5.3 million in cash, investments and accrued interest receivable as of June 30, 2024. Combined with net proceeds of approximately $9.0 million from the registered direct offering announced in July 2024, the Company believes it has sufficient capital resources to fund its operations into the third quarter of 2025.
SMWB HUBS

Hot Stocks

08:04 EDT Similarweb appoints Hubspot CMO Kipp Bodnar to Board of Directors - Similarweb (SMWB) announces the appointment of Kipp Bodnar to its Board of Directors, effective September 5 . Bodnar, currently Chief Marketing Officer at HubSpot (HUBS), brings a wealth of experience in scaling SaaS businesses, driving growth, and enhancing customer engagement on a global scale. "We are excited to welcome Kipp to our board," said Or Offer, Co-Founder and CEO of Similarweb. "His proven track record at HubSpot, where he played a key role in shaping the company's marketing strategy and driving exponential growth, aligns perfectly with Similarweb's mission to empower businesses with unparalleled digital insights. Kipp's expertise will be instrumental as we continue to expand our market leadership and deliver even greater value to our customers."
LDOS

Hot Stocks

08:03 EDT Leidos awarded $86.4M IDIQ contract - Leidos was recently awarded a contract by the National Geospatial-Intelligence Agency's Integrated Program Office for Analysis for lifecycle management of existing and emerging analytics systems. The single award, indefinite delivery, indefinite quantity contract, referred to as Chinook, has a ceiling value of $86.4M, if all task orders are exercised over a five-year period of performance.
RVPH

Hot Stocks

08:03 EDT Reviva Pharmaceuticals announces anticipated milestones - Initiation of registrational Phase 3 RECOVER-2 trial evaluating brilaroxazine for the treatment of schizophrenia expected in Q3 2024; Topline data from 1-year open-label extension trial expected Q4 2024; Topline data from registrational Phase 3 RECOVER-2 trial expected Q4 2025; Potential NDA submission for brilaroxazine in schizophrenia targeted for Q1 2026; Investigational new drug application submission for liposomal-gel formulation of brilaroxazine in psoriasis expected in 2025; Pursue partnership opportunities for the development of our pipeline
ONDS

Hot Stocks

08:00 EDT Ondas sees recovery in revenue growth in 2H24 - The company said, "The Company expects a recovery in revenue growth in the second half of 2024 driven primarily by the OAS business unit. Revenue expectations for Ondas Networks are modest, and limited to funded development programs, given the current lack of clarity on deployment plans in the 900 MHz network. Bookings and revenue growth are expected to fluctuate from quarter-to-quarter given the uncertainty around the timing of customer activity in front of the targeted commercial rollout for the 900 MHz rail network, the development programs underway with Siemens, in addition to the timing of OAS's deliveries of the Optimus and Iron Drone systems to its growing roster of customers globally. Ondas plans to host an "Investor Day" in the first half of September focused on its Ondas Autonomous Systems business unit. At the event, the Company will provide a variety of system demonstrations and a detailed overview of the business plan and financial model for OAS. The event will be held at the Baltimore County, MD headquarters of American Robotics and the presentation will be broadcast live on-line."
FLUT PYTCF

Hot Stocks

07:59 EDT Playtech confirms talks with Flutter to sell Snaitech business - Playtech (PYTCF) notes the recent media speculation that it is in discussions with Flutter Entertainment (FLUT) regarding the potential sale of the Snaitech business for a value that could be about GBP 2B. "Playtech confirms it is in discussions with Flutter and has granted Flutter a period of exclusivity to complete due diligence and finalise the necessary Transaction documentation," the compay said in a statement.
JBLU

Hot Stocks

07:57 EDT JetBlue announces pricing of senior secured notes offering, $765M term loan - JetBlue Airways announced that JetBlue and JetBlue Loyalty, a newly formed Cayman Islands exempted limited partnership and an indirect wholly-owned subsidiary of JetBlue, priced their $2,000 million aggregate principal amount of 9.875% senior secured notes due 2031 and $765 million senior secured Term Loan B due 2029. The Notes offering was increased by $500 million from the previously announced offering size of $1,500 million in connection with a decrease to the size of the Term Loan. JetBlue expects to close the Loyalty Financings on or about August 27, 2024, subject to the satisfaction of customary conditions. The Issuers intend to use the net proceeds from the Loyalty Financings for general corporate purposes. The Loyalty Financings will each be guaranteed by certain subsidiaries of JetBlue. The Loyalty Financings will be secured, on a pari passu basis, by certain collateral in connection with JetBlue's customer loyalty program, TrueBlue
KPSHF

Hot Stocks

07:56 EDT Kapsch TrafficCom reports sustainable toll gantry installed on Austrian highway - Kapsch TrafficCom announced that together with Austrian roadway operator Asfinag, the first operational Green Gantry was installed in Carinthia, Austria. Unlike traditional toll gantries made from steel or aluminum, which are associated with significant emissions due to their manufacturing and recycling processes, the Kapsch TrafficCom-designed Green Gantry is constructed from renewable timber. This sustainable material not only supports the same functional capabilities as conventional gantries but also provides notable environmental benefits: The Green Gantry in Carinthia saves 15 tons of CO 2, while comparable steel gantries cause up to 30 tons of CO 2 during production. The load-bearing core and therefore the majority of the new gantry is made of glued and laminated spruce timber. Weather-resistant larch wood was used for the outer layer, which can be easily repaired in case of damage. The highly prefabricated wood construction was completed and delivered to the building site by the HASSLACHER group. The installation of the gantry on the highway was managed by Asfinag together with traffic technology specialist Forster and, due to it's high degree of prefabrication, took only about one day.
FLYLF

Hot Stocks

07:55 EDT Flyht Aerospace, NOAA expand collaboration for weather forecasting - FLYHT Aerospace announced that the National Oceanic and Atmospheric Administration has exercised an option to purchase additional packages of weather sensors and related technology from FLYHT, valued at approximately $465,000, as part of its ongoing effort to help the U.S. National Weather Service improve weather forecasting and warnings. The additional order is part of a September 2023 agreement where NOAA is integrating packages of FLYHT-WVSS-II sensors with FLYHT's Certus SatCom and AFIRS Edge multi-channel WQAR systems for real-time data transmission. In addition to the hardware, FLYHT will deliver aircraft-based observations throughout the flight phases, including during ascent, descent, and while en route. The initial hardware purchase, funded by FY2023 appropriations, is slated for installation by late 2024 or early 2025. This additional hardware, funded by FY2024 appropriations, is expected to be installed in the first or second quarter of 2025.
ONDS

Hot Stocks

07:53 EDT Ondas secures expansion of initial purchase order from military customer - Ondas Holdings has received an expansion of the initial purchase order received from a military customer for several Iron Drone Raider counter-drone systems. The expansion includes additional features and support services for the systems that will be deployed and operated as part of military defense activities to protect from hostile drones threatening borders, critical locations, populations and defense forces.
SPB

Hot Stocks

07:52 EDT Spectrum Brands, Aperture Pet & Life partner to assist aquarists - Spectrum Brands Holdings and Aperture Pet & Life are pleased to announce a partnership focused on helping new aquarists become successful on their aquatics journey. Spectrum Brands and Aperture share a common goal of developing products and education to bring aquatics and aquatic life into people's lives in a way that is easy, enriching and ensures that both animals and humans are successful in their shared journey. The all-new HelloReef All-in-One 15-Gallon and 40-Gallon GloFish aquarium kits embody this common mission with an exciting arrangement bringing GloFish fluorescent fish to the interactive world of HelloReef. This collaboration integrates the amazing science and beauty of Spectrum Brand's GloFish fluorescent fish with the ease and instructional expertise of HelloReef.
VEV

Hot Stocks

07:50 EDT Vicinity Motor applies for management cease trade oder - Vicinity Motor has requested a temporary Management Cease Trade Order from the British Columbia Securities Commission in connection with the Company's filing of its interim financial statements and MD&A for the six months ended June 30, 2024. The Company is requesting the MCTO in order to secure additional time to finalize its Interim Financial Statements, the related MD&A and the applicable CEO and CFO certifications. The anticipated delay in filing the Interim Filings is a result of the news on August 9, 2024 that the Company's secured creditors demanded payment of outstanding debt and issued a notice of intention to enforce security. The Company needs the additional time to appropriately reflect the subsequent events resulting from the current situation with the Company's secured lenders. The Company is assessing options to complete preparation of the Interim Financial Statements and to respond to all queries. It is the Company's reasonable expectation that the Interim Filings will be finalized on or before September 13, 2024. By way of background and as required by the BCSC, the Company notes the following: 1. The Company is required to file its Interim Filings within 45 days after the end the interim period ended June 30, 2024, such date being August 14, 2024 as required by National Instrument 51-102 Continuous Disclosure Obligations. The Company does not anticipate that it will be able to complete the Interim Filings on or before the Interim Filing Deadline. 2. The Company is working diligently to prepare and file the Interim Filings, on or before September 13, 2024. 3. The Company confirms that it intends to issue a status report on a bi-weekly basis, for as long as it remains in default of the Interim Filing Deadline in respect of the Interim Filings. 4. The Company is not subject to any insolvency proceedings as of the date of this news release, though the Company is presently evaluating all potential solutions available to it as a result of the demand from its creditors. 5. There is no other material information concerning the affairs of the Company that has not been generally disclosed.
MRNA COUR

Hot Stocks

07:49 EDT Moderna, Coursera launch course on mRNA technology - Moderna, Inc. (MRNA) and Coursera (COUR) announced a partnership to launch mRNAs as Medicines, a three-module course designed by experts at Moderna that offers a comprehensive understanding of mRNA medicines, how they work and their potential applications. mRNAs as Medicines is available for free to individuals who register as Coursera learners.
FRFHF ESVIF

Hot Stocks

07:46 EDT Fairfax Financial acquires additional Ensign Energy shares - Fairfax Financial Holdings has acquired, through its insurance company subsidiaries, 271,100 common shares of Ensign Energy Services at a price of C$2.4238 per Common Share for an aggregate purchase price of approximately C$657,092.18 through the facilities of the Toronto Stock Exchange. The Share Purchase represents approximately 0.15% of the issued and outstanding Common Shares of Ensign and brings Fairfax's total holdings, through its insurance subsidiaries, of such securities to 33,406,386 Common Shares. Immediately prior to the Share Purchase, Fairfax, through its insurance company subsidiaries, beneficially owned and controlled 33,135,286 Common Shares, representing approximately 18.04% of the issued and outstanding Common Shares of Ensign.
CURLF

Hot Stocks

07:46 EDT Curaleaf opens new dispensary in Destin, Florida - Curaleaf Holdings announced it will open a new medical dispensary in Destin, Florida. Curaleaf Destin, located at 34761 Emerald Parkway, Suite #02, Destin, FL 32541, opens Wednesday, August 14. The company's latest expansion in the Sunshine State will increase its retail footprint to 64 retail locations statewide and 150 nationwide.
ABEO RARE

Hot Stocks

07:45 EDT Abeona Therapeutics appoints Zeiher, Crombez to board of directors - Abeona Therapeutics (ABEO) announced the appointment of Bernhardt Zeiher, MD, FCCP, FACP, and Eric Crombez, MD as new independent members to its Board of Directors. Dr. Zeiher brings more than 20 years of drug development experience where, in various roles, he oversaw the approval of 15 new treatments that addressed unmet needs in serious diseases with few to no treatment options. Dr. Crombez currently serves as Chief Medical Officer of Ultragenyx Pharmaceutical (RARE) and brings extensive expertise in the development and execution of clinical development programs for rare genetic disorders.
WINV

Hot Stocks

07:44 EDT Winvest extends termination date, makes additional contribution to trust account - WinVest Acquisition that its Board of Directors has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from August 17, 2024 to September 17, 2024 as permitted under the Company's Amended and Restated Certificate of Incorporation, as amended. The purpose of the extension is to provide additional time for the Company to complete an initial business combination. In connection with the extension, $30,000 will be deposited into the trust account established in connection with the Company's initial public offering pursuant to the Company's third drawdown upon an unsecured non-interest-bearing promissory note in the aggregate principal amount of $180,000 issued by the Company to WinVest SPAC on June 12, 2024.
FVRR

Hot Stocks

07:43 EDT Fiverr announces new partnership with Martha Stewart - Fiverr announced a new partnership with Martha Stewart, the entrepreneur, author, and television host as a brand ambassador and the new star of its advertising campaign and social media content. The new campaign features Martha Stewart in an ironic new role: an underutilized intern delivering coffee to unknowing colleagues. This humoristic approach highlights the idea that your best talent may be right under your nose, just a click away on Fiverr.
CLBT UIS

Hot Stocks

07:42 EDT Cellebrite appoints Richardson to board of directors - Cellebrite (CLBT) announced that Troy Richardson has joined its board of directors, effective August 13, 2024. Richardson is a seasoned technology executive with more than 30 years of experience in leading, scaling and transforming global organizations. He currently serves on the Unisys Corporation (UIS) Board of Directors.
TMDI

Hot Stocks

07:42 EDT Titan Medical amends amalgamation agreement with Conavi Medical - Titan Medical has entered into a third amending agreement dated August 13, 2024, in respect of the previously announced amalgamation agreement dated March 17, 2024, as previously amended on May 28, 2024 and on July 5, 2024 among Conavi Medical 1000824255 Ontario and Titan, to result in the merger of Conavi and Titan. In addition, Titan announces that the Toronto Stock Exchange has granted Titan an extension to hold its Annual General and Special Meeting of Shareholders on or before September 30, 2024. The Amending Agreement No. 3 alters certain closing conditions that must be met in the Amalgamation Agreement, being: extending the Outside Date for completion of the Proposed Transaction to October 10, 2024; extending the date by which the Concurrent Financing must be committed to September 3, 2024; reducing the minimum aggregate size of the Concurrent Financing from $15 million to $7.5 million; extending the date by which Conavi financial statements must be completed to August 23, 2024; reducing the minimum net cash Titan must have at the Effective Time from US$5 million to US$2 million; extending the targeted date by which the information circular for the Titan AGM must be mailed to shareholders to September 3, 2024; extending the targeted date by which the Titan AGM must be held to September 30, 2024; extending the targeted date by which the information circular for the Conavi annual general meeting must be mailed to shareholders to September 3, 2024; and extending the targeted date by which the Conavi annual general meeting must be held to September 30, 2024. The Amending Agreement No. 3 also makes certain technical and mechanical amendments which, among other things, provide for the conversion of Conavi preferred shares into Conavi common shares and the consolidation of Conavi shares immediately prior to the Effective Time, which provide for the exchange of Conavi warrants to be issued in connection with the Concurrent Financing for warrants of the resulting issuer upon completion of the Proposed Transaction, and which provide for the expiry of out-of-the-money Conavi options at the Effective Time. As previously disclosed in a press release dated July 5, 2024, Titan applied to the TSX to extend its AGM to a date on or before September 30, 2024. The extension will allow Titan and Conavi additional time to finalize matters related to the Proposed Transaction. In order to avoid the potential duplication of costs associated with having two meetings within a short timeframe, Titan's management determined that postponing the AGM was in the best interest of its shareholders. Titan intends to schedule a date for the AGM as soon as practicable and to provide shareholders with the requisite notice of meeting and record date associated therewith.
TLRY

Hot Stocks

07:40 EDT Tilray's Shock Top enters partnership with Gator Athletics - The Shock Top Company, a subsidiary of Tilray Brands, announces the first craft beer partnership with the Florida Athletic Department. Shock Top is officially stepping into the Swamp! as the proud and first craft beer sponsor of Gator Athletics, Shock Top will create an immersive fan experience at games and beyond with the Florida Gators' first officially licensed co-branded craft beer, gameday activations, and a campaign celebrating the Gators year-round.
NMRA

Hot Stocks

07:39 EDT Neumora Therapeutics to host key opinion leader roundtable to discuss KORAs - Neumora Therapeutics announced that the Company will host a roundtable discussion on the neuropsychiatric treatment landscape and role of kappa opioid receptor antagonists, KORAs, in neuropsychiatry. The discussion will feature leading experts in neuropsychiatry and will take place on Thursday, September 12.
VRCA

Hot Stocks

07:38 EDT Verrica announces preliminary results from Phase 2 study of VP-315 - Verrica Pharmaceuticals announced preliminary positive results from Part 2 of its Phase 2 clinical trial studying VP-315, a potential first-in-class oncolytic peptide, for the treatment of basal cell carcinoma. Part 2 preliminary results are based on 93 confirmed basal cell carcinoma lesions that were treated during Part 2 of the Phase 2 trial; however, for histologic reduction in tumor size and overall reduction in tumor size, data from three of the 93 lesions are pending. The key preliminary Part 2 results were: No dose-limiting toxicities or Treatment-Related Serious Adverse Events were reported. Most Treatment Related Adverse Events were expected mild to moderate cutaneous reactions. 51% of lesions treated resulted in complete histologic clearance, with no residual tumor cells. Histological reduction of tumor size in those subjects with remaining tumor was 71%. All patients treated with VP-315 had a reduction in tumor size with an overall reduction of tumor size in all subjects of 86%.
AZEK

Hot Stocks

07:38 EDT Azek announces $50M accelerated share repurchase program - The AZEK Company announced it has entered into an accelerated share repurchase agreement or ASR with JPMorgan Chase Bank, National Association to repurchase $50M of the Company's Class A common stock. The Company is funding the share repurchases under the ASR with cash on hand. Under the terms of the ASR, the Company will receive an initial delivery of approximately 1M shares of Class A common stock from JPMorgan, with the final settlement scheduled to occur no later than November, 2024. The final number of shares to be repurchased under the ASR will be based generally on the average of AZEK's daily volume-weighted average price per share of Class A common stock during a repurchase period, less a discount and subject to adjustments pursuant to the terms and conditions of the ASR.
MBXBF

Hot Stocks

07:37 EDT Microbix expects to generate 'meaningful' y/y revenue growth across FY24 - Microbix will continue to drive sales growth across all of its business lines, and work to keep improving percentage gross margins and driving bottom-line results. Management currently expects Microbix to generate meaningful year-over-year growth in revenues and net earnings across full-year fiscal 2024.
GRTX

Hot Stocks

07:29 EDT Galera Therapeutics to reduce workforce to three employees - As previously reported, the Company had engaged Stifel, Nicolaus & Company, Inc., as its financial advisor, to assist in reviewing strategic alternatives with the goal of maximizing value for its stockholders. The Board has determined that there are no suitable options available to the Company at this time. However, the Company will continue to evaluate potential sale options for its pipeline assets while it continues to prepare for the planned Dissolution and, in the event that the Company is successful in a sale of any of its pipeline assets, the proceeds would be distributed to stockholders in accordance with the Plan of Dissolution. Moreover, in order to further reduce costs, the Company will reduce its workforce to three remaining employees, effective as of August 31, 2024, when the positions of Chief Financial Officer, held by Chris Degnan, and Chief Legal & Compliance Officer, held by Jennifer Evans Stacey, will be eliminated. Mel Sorensen will continue to serve as the Company's President and Chief Executive Officer through the transition to Development Specialists, Inc., the firm engaged by the Company to help with the wind-up activities and administration of the Plan of Dissolution. The Company expects to enter into consulting agreements with Mr. Degnan and Ms. Stacey pursuant to which they will continue to provide services to the Company in furtherance of its wind-up activities.
VSCO

Hot Stocks

07:27 EDT Victoria's Secret appoints Hillary Super as CEO - Victoria's Secret & Co announced that its Board of Directors has appointed Hillary Super as Chief Executive Officer and a member of the Board, effective September 9, 2024. Super succeeds Martin Waters in both roles. Timothy Johnson, VS&Co's Chief Financial and Administrative Officer, will serve as interim CEO effective today through September 8, 2024. Waters will remain employed as an advisor to the Company through August 31, 2024 to support a smooth transition. Super most recently served as CEO of intimates and accessories brand Savage X Fenty
GRTX

Hot Stocks

07:27 EDT Galera Therapeutics announces board approval of liquidation, dissolution - Galera Therapeutics announced that its Board of Directors has approved a Plan of Liquidation and Dissolution, which provides for the dissolution of the Company under Delaware law, and plans to seek stockholder approval of the Plan of Dissolution at a special meeting of stockholders to be held on or around October 17, 2024. If the Plan of Dissolution is approved by the Company's stockholders, the Company intends to file a certificate of dissolution with the Delaware Secretary of State and distribute all remaining cash, including any proceeds from the potential sale of any pipeline assets, to stockholders, subject to first completing the wind down of the Company's operations and paying or providing for the Company's creditors and potential liabilities. The Board may also, in its sole discretion, decide to delay the filing or not file the certificate of dissolution. The Company also announced financial results for the second quarter ended June 30, 2024. "Following extensive consideration of potential strategic alternatives for the Company for close to a year and in order to maximize stockholder value, the Board of Directors has unanimously voted to approve and recommend for the stockholders to approve the Plan of Dissolution," said Mel Sorensen, M.D., Galera's President and CEO. "On behalf of the management team, we extend our appreciation to all the patients, the clinical trial staff, our employees, the Board of Directors and our investors who have supported Galera throughout its journey."
TLSA

Hot Stocks

07:26 EDT Tiziana Life Sciences regains compliance with Nasdaq min bid price requirement - Tiziana Life Sciences announced that it has received a notification from the Nasdaq Stock Market LLC Listing Qualifications Department informing the Company that it has regained compliance with the Nasdaq listing minimum bid price requirement for continued listing on the Nasdaq Capital Market exchange.
VIRX

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07:24 EDT Viracta Therapeutics announces data from Phase 2 NAVAL-1 trial - Viracta Therapeutics reported positive Phase 2 NAVAL-1 trial results from Stages 1 and 2 of the relapsed or refractory (R/R) Epstein-Barr virus-positive peripheral T-cell lymphoma cohort. Additionally, the Company received productive feedback from its meeting with the U.S. Food and Drug Administration, providing clarity on the potential regulatory path to initial registration of Nana-val in patients with R/R EBV+ PTCL. Based on FDA's feedback, Viracta plans to begin a randomized controlled trial of Nana-val in the second half of 2025. As of the June 28, 2024 data cutoff, combined Stages 1 and 2 data demonstrated: In the R/R EBV+ PTCL population: The overall response rate was 33% and the complete response rate was 19% in the intent-to-treat population; the ORR was 41% and the CRR was 24% in the efficacy-evaluable population. In the second-line EBV+ PTCL subpopulation: The ORR was 60% and the CRR was 30% in the ITT population; the ORR was 67% and the CRR was 33% in the EE population; Median duration of response has not yet been reached. Nana-val was generally well-tolerated: The most common treatment-related adverse events were fatigue, nausea, decreased appetite, diarrhea, platelet count decreased, and anemia. These adverse events were primarily mild to moderate in severity and generally manageable or reversible. Based on the Company's meeting with FDA and the particularly robust response rates observed in the second-line treatment setting, Viracta will focus Nana-val's clinical development on patients with R/R EBV+ PTCL
BRLXF

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07:23 EDT Boralex to continue to work on various initiatives of Strategic Plan - Boralex's 2025 Strategic Plan is built around the same four strategic directions as the plan launched in 2019 - growth, diversification, customers and optimization - and six corporate targets. The details of the plan, which also sets out Boralex's corporate social responsibility strategy, are found in the Corporation's annual report. Highlights of the main achievements for the quarter ended June 30, 2024, in relation to the 2025 Strategic Plan can be found in the 2024 Interim Report 2, in the Investors section of the Boralex website. In the coming quarters, Boralex will continue to work on its various initiatives under the strategic plan, including project development, analysis of acquisition targets and optimization of power sales and operating costs. Finally, to fuel its organic growth, the Corporation has a pipeline of projects at various stages of development defined on the basis of clearly identified criteria, totaling 6.8 GW of wind, solar and energy storage projects.
MRX

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07:20 EDT Marex Group board approves initial dividend of 14c per share - The company said, "Reflecting the Board of Directors confidence in the future prospects of the Group, we announce the adoption of a progressive dividend policy, with dividends to be paid on a quarterly basis from the third quarter of 2024. The Board of Directors has approved an initial dividend of $10m or $0.14 per share, expected to be paid on 16 September 2024 to shareholders on record as at close of business on 30 August 2024."
MRX

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07:20 EDT Marex Group sees FY24 adjusted operating profit $280M-$290M - The company said, "Based on the strong performance in the first half and positive momentum in our business segments, we anticipate full year Adjusted Operating Profit to be approximately $280m to $290m for the year ending 31 December 2024, assuming more normalised market conditions for the remainder of the year."
AZN

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07:20 EDT AstraZeneca's Imfinzi and Lynparza approved in EU in endometrial cancer patients - The company states: "AstraZeneca's Imfinzi (durvalumab) and Lynparza (olaparib) have been approved in the European Union as treatment for certain patients with primary advanced or recurrent endometrial cancer. Imfinzi plus chemotherapy as 1st-line treatment followed by Lynparza and Imfinzi has been approved for patients with mismatch repair proficient disease. Imfinzi plus chemotherapy followed by Imfinzi alone has been approved for patients with mismatch repair deficient disease. The approval by the European Commission follows the positive opinion of the Committee for Medicinal Products for Human Use and is based on a prespecified exploratory subgroup analysis by mismatch repair status from the DUO-E Phase III trial, which was published in the Journal of Clinical Oncology. In the trial, the Lynparza and Imfinzi regimen reduced the risk of disease progression or death for patients with pMMR disease by 43% (median 15.0 months versus 9.7 months, hazard ratio 0.44-0.73) versus the control arm.1 The Imfinzi regimen reduced the risk of disease progression or death among patients with dMMR disease by 58% (median not reached versus 7.0 months, HR 0.42; 95% CI 0.22-0.80) versus the control arm."Reference Link
OMGA

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07:19 EDT Omega Therapeutics appoints Nelson as SVP of Research - Omega Therapeutics announced the addition of Jennifer Nelson, Ph.D., to the Company's executive leadership team in the role of Senior Vice President, SVP, of Research. She brings over 20 years of experience working with RNA- and DNA-based therapies and technologies, and extensive expertise as a leader in building novel platforms. Prior to joining Omega, Dr. Nelson served as Vice President of Research at Flagship Pioneering
SQSP

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07:06 EDT Glazer Capital details its opposition to proposed acquisition of Squarespace - Glazer Capital, a manager of investment funds and separate accounts that collectively beneficially own 2.5M shares of Squarespace common stock, or approximately 5.4% of the shares owned by minority shareholders, issued an open letter to the Squarespace Board detailing its opposition to the proposed acquisition of Squarespace by Permira Advisers and disclosing its intent to vote against the transaction at the upcoming special meeting of Squarespace shareholders. Major points included the following: Calls $44.00 per Share Merger Consideration Offered by Permira Inadequate; Considers Industry Standard Methodologies of Transaction Valuation Analysis to Have Been Omitted from Fairness Opinion, Resulting in Significant Undervaluation; Believes Flawed, Self-Serving Process Was Designed to Benefit Controlling Shareholders and Permira, to the Detriment of Minority Shareholders; Highlights That the Two "Selected Comps" Singled Out by Special Committee's Financial Advisor Have Appreciated More than Premium Offered by Permira; Intends to Vote AGAINST the Acquisition at the Upcoming Squarespace Special Meeting.
ODP

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07:04 EDT ODP Corporation announces CFO Anthony Scaglione stepping down - The ODP Corporation announced that D. Anthony Scaglione, executive vice president and chief financial officer, is stepping down from his role to pursue another career opportunity and that his last day will be September 13 . "On behalf of ODP, I want to thank Anthony for his significant contributions to ODP over the past four years," said Gerry Smith, chief executive officer of the Company. "Under his financial leadership, ODP has made great strides in its transformation and has strengthened its foundation to be able to deliver profitable growth in the future. Anthony is supported by a talented finance team that will continue to serve the company and its shareholders. We thank Anthony for all his efforts and wish him well in his new role."
K

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07:03 EDT Kellanova to be acquired by Mars for $83.50 per share in cash - Mars and Kellanova announced that they have entered into a definitive agreement under which Mars has agreed to acquire Kellanova for $83.50 per share in cash, for a total consideration of $35.9B, including assumed net leverage. The transaction price represents a premium of approximately 44% to Kellanova's unaffected 30-trading day volume weighted average price and a premium of approximately 33% to Kellanova's unaffected 52-week high as of August 2. The total consideration represents an acquisition multiple of 16.4x LTM adjusted EBITDA as of June 29. Under the terms of the agreement, Mars will acquire all outstanding equity of Kellanova for $83.50 per share in cash, representing a total enterprise value of $35.9B. All of Kellanova's brands, assets and operations, including its snacking brands, portfolio of international cereal and noodles, North American plant-based foods and frozen breakfast are included in the transaction. Mars intends to fully finance the acquisition through a combination of cash-on-hand and new debt, for which commitments have been secured. The agreement has been unanimously approved by the board of directors of Kellanova. The transaction is subject to Kellanova shareholder approval and other customary closing conditions, including regulatory approvals, and is expected to close within the first half of 2025. The transaction agreement permits Kellanova to declare and pay quarterly dividends consistent with historical practice prior to the closing of the transaction. The W.K. Kellogg Foundation Trust and the Gund Family have entered into agreements pursuant to which they have committed to vote shares representing 20.7% of Kellanova's common stock, as of August 9 in favor of the transaction. After closing, Battle Creek, Michigan will remain a core location for the combined organization.
SERV...

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07:02 EDT Serve Robotics and Shake Shack announce partnership - Serve Robotics (SERV) and Shake Shack (SHAK) announced a partnership to deliver Shake Shack using Serve's autonomous delivery robots via Uber Eats, the delivery platform of Uber Technologies (UBER). Customers who order from select Shake Shack restaurants in Los Angeles through Uber Eats may receive their order via Serve's innovative autonomous robots. The partnership marks another step forward in the expansion of sidewalk robots on Uber Eats, which has been offering Serve's autonomous deliveries in Los Angeles since 2022, and is poised to lead to future expansion across the U.S.
LUV

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07:02 EDT Southwest comments on Elliott's plan to replace majority of board - Southwest Airlines has the following response to an announcement made by one of its Shareholders, Elliott Investment Management L.P., stating its intention to replace a majority of the Southwest Airlines Board of Directors by nominating 10 candidates. "Since Elliott launched its campaign against Southwest Airlines, the Board has consistently sought to engage constructively and in the best interests of all Shareholders. Elliott has dismissed those efforts at every turn. After Elliott recently agreed to a meeting with Southwest Airlines in early September to discuss a collaborative resolution, including continuing significant Board refreshment and other governance enhancements, Elliott unilaterally decided instead to publicly announce its intention to replace a majority of Southwest Airlines' Board. The Southwest Airlines Board and Executive Leadership Team remain open to conversations with Elliott to discuss ideas to drive Shareholder value, and the Board will evaluate Elliott's proposed nominees as part of its ongoing Board refreshment process. No immediate action is required of Shareholders. Southwest Airlines is laser-focused on restoring its industry-leading financial performance and on building a sustainable and profitable future for the airline and all of its Shareholders. The airline recently announced several initiatives to elevate the Customer Experience, improve financial performance, and drive Shareholder value. Southwest Airlines will provide additional details on a comprehensive plan to transform its business, improve operational efficiency, and deliver capital allocation discipline during its Investor Day in late September. Southwest Airlines is committed to maintaining a strong, independent Board with the right mix of skills and experience. The Board's Nominating and Corporate Governance Committee has taken deliberate actions to bolster the Board's existing expertise with professionals who offer a diverse range of skills that are critical to the airline's business and ongoing transformation. As part of its continued refreshment efforts, the Board has appointed a total of eight new independent and highly qualified Directors over the last three years, including the recent addition of experienced airline executive and entrepreneur Rakesh Gangwal. The Southwest Airlines Board remains confident that the airline has the right Leadership Team in place to evolve the business and to lead Southwest Airlines forward."
PFGC

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06:48 EDT Performance Food Group to acquire Cheney Bros for $2.1B in cash - Performance Food Group announced that it has entered into a definitive agreement with Cheney Bros., an independent broadline foodservice distributor based in Riviera Beach, Florida and owned by the Cheney family and Clayton Dubilier & Rice, pursuant to which PFG will acquire Cheney Brothers for $2.1B in cash. The acquisition will create a stronger presence in the Southeast region and provide additional distribution capacity. Cheney Brothers generates approximately $3.2B in annual revenue. The acquisition is expected to generate approximately $50M of net annual run-rate cost synergies by the third full fiscal year after close. The purchase price represents an Adjusted EBITDA multiple of 9.9x, including $50M of run-rate synergies. The transaction is anticipated to be accretive to adjusted diluted EPS by the end of the first full fiscal year, including year one synergies. The transaction, which has been approved by the Board of Directors of PFG, is subject to U.S. federal antitrust clearance and other customary closing conditions and is expected to close in calendar 2025. The transaction is not subject to PFG shareholder approval.
PFGC

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06:45 EDT Performance Food Group to Acquire Cheney Bros for $2.1B in cash
ZOM

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06:39 EDT Zomedica expands sale reach into Costa Rico - Zomedica announced the latest expansion of its sales reach into Costa Rica. SIRE Veterinario, S.A. will be the exclusive distributor to veterinarians in the country, offering a range of Zomedica products as they become available in the region.
UBS

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06:34 EDT UBS expects 'higher market volatility' in the second half of the year - The company said, "The macroeconomic outlook continues to be clouded by ongoing conflicts, other geopolitical tensions and the upcoming US elections. We expect these uncertainties to persist for the foreseeable future, and they will likely lead to higher market volatility compared with the first half of the year. Entering the third quarter, we are seeing positive investor sentiment and continued momentum in client and transactional activity... For the second half of 2024, we estimate Non-core and Legacy will record an underlying pre-tax loss of around USD 1bn as revenues are expected to reflect moderate short-term upside to current book values and continued sequential progress on costs. In the absence of a better-than-expected reported Non-core and Legacy performance, we continue to expect our effective tax rate for the second half of 2024 to be around 35%."
GOOG...

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06:27 EDT Google Fitbit, Peloton announce mutli-year content distribution partnership - Peloton (PTON) and Google (GOOGL) Fitbit announced Tuesday a multi-year, multi-country partnership to offer a wide portfolio of Peloton classes to Fitbit Premium users, starting in early September. Fitbit Premium members will have access to classes across more than 10 Peloton modalities including Strength, Pilates, Running, Boxing, Cycling, Barre, and more. New content will be added to the app incrementally, the companies said. A select group of Peloton classes will be available to Fitbit users without a Premium subscription, as well. Throughout the partnership, Peloton Members will receive special Google Pixel Watch and Fitbit Charge 6 device offers. "We're thrilled to bring Peloton's classes and world-class Instructors to Fitbit users, and continue to establish Peloton as a one-stop shop for all types of fitness content," said Greg Hybl, Senior Vice President and General Manager of Peloton for Business. "Together we share a commitment to make health and wellness more accessible and ensure even more people can reach their fitness goals." Reference Link
EWCZ

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06:02 EDT European Wax Center names David Berg as CEO, succeeding David Willis - European Wax Center announced that the Board of Directors has appointed David Berg as CEO, effective August 12. Berg succeeds David Willis, who served as CEO and previously held various positions including President, COO and CFO. Berg has served as Executive Chairman of European Wax Center since September 2023 and will remain in this role. He previously served as CEO from 2018 to 2023.
DKNG

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05:48 EDT DraftKings drops plan for gaming surcharge - DraftKings said in a post last night on X: "We always listen to our customers and after hearing their feedback we have decided not to move forward with the gaming tax surcharge. We are always committed to delivering the best value in the industry to our loyal customers." Reference Link
CETY

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05:45 EDT Clean Energy Technologies signs service agreement with Green Energy Ventures - Clean Energy Technologies announced the signing of a service agreement with Green Energy Ventures, a specialized consultancy firm in the renewable energy sector in Brazil. Under the terms of the agreement, GEV will act as CETY's exclusive authorized distributor and commercial agent within Brazil, responsible for market assessment, business development, and the coordination of product installations.
GM

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05:38 EDT GM sued by Texas AG for collecting, selling drivers' private data - Texas Attorney General Ken Paxton on Tuesday sued General Motors for its "false, deceptive, and misleading" business practices related to its "unlawful" collection and sale of over 1.5 million Texans' private driving data to insurance companies without their knowledge or consent. This action follows Attorney General Paxton's June 2024 announcement that he opened an investigation into several car manufacturers regarding allegations that the companies had improperly collected mass amounts of data about drivers directly from the vehicles and then sold the information to third parties. "Our investigation revealed that General Motors has engaged in egregious business practices that violated Texans' privacy and broke the law. We will hold them accountable," said Attorney General Paxton. "Companies are using invasive technology to violate the rights of our citizens in unthinkable ways. Millions of American drivers wanted to buy a car, not a comprehensive surveillance system that unlawfully records information about every drive they take and sells their data to any company willing to pay for it." General Motors used technology installed in most 2015 model year or newer GM vehicles to collect, record, analyze, and transmit highly detailed driving data about each time a driver used their vehicle. General Motors sold this information to several other companies, including to at least two companies for the purpose of generating "Driving Scores" about GM's customers and selling these scores to insurance companies. General Motors deceived many of its customers when it compelled them to enroll in its products, including OnStar Smart Driver, as part of its vehicle "onboarding" process and told them that failing to enroll would result in the deactivation of their vehicle's safety features. Unbeknownst to customers, however, by enrolling in GM's products, they were "agreeing" to General Motors' collection and sale of their data. Despite lengthy and convoluted disclosures, General Motors never informed its customers of its actual conduct-the systematic collection and sale of their highly detailed driving data. Reference Link
CYD

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05:32 EDT China Yuchai announces updated share buyback plan - China Yuchai adopted a share buyback plan, of up to $40M or 4M shares, whichever occurs earlier. As of the end of market trading on August 12, the company repurchased a total of 3,226,159 shares for a total amount of approximately $38.5M. The shares purchased under the Company's share buyback plan will be held as treasury shares. The company's repurchase process remains ongoing.
INTC ARM

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05:31 EDT Intel sold 1.18M shares in Arm during Q2 - Intel (INTC) said in a regulatory filing on Tuesday that it sold its 1.18M shares in Arm (ARM) during the second quarter, which, based on the stock's average price in Q2, would have raised roughly $147M for the company.
WKEY

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05:28 EDT WISeKey announces TLS partnership with Venafi - WISeKey announced that it has partnered with Venafi to make its Transport Layer Security, or TLS, certificate services available on the Venafi Marketplace. WISeKey TLS services, combined with the Venafi machine identity security platform, help customers navigate the challenges of quantum computing, offering support in automated certificate rollout and implementation of crypto-agility capabilities.
PODD

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05:21 EDT Insulet opens new manufacturing facility in Malaysia - Insulet hosted a grand opening celebration at its new manufacturing facility in Johor Bahru, Malaysia. The company said, "The new manufacturing facility will strengthen the Company's global operational capabilities and supply chain resiliency. Located on the southern end of the Malay Peninsula just north of Singapore, the 400,000-square-foot facility is twice the size of Insulet's highly automated manufacturing facility in Acton, Massachusetts. Currently, more than 350 full-time Insulet employees work at the new facility with plans to grow to more than 1,000 in the coming years, part of a $200M investment in the area."
SOPH

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05:19 EDT Sophia Genetics announces CE mark for Sophia DDM Platform under IVDR - Sophia Genetics announced that its Sophia DDM Platform is now CE marked under the European Union's In Vitro Diagnostic Regulation, or IVDR. IVDR certification is a significant regulatory milestone that validates the powerful analytical capabilities of the Sophia DDM Platform and allows customers throughout the European Union and other markets recognizing this certification to use the Sophia DDM Platform to support patient diagnostics. The transition from the In Vitro Diagnostic Directive, or IVDD, to the IVDR in the European Union marks an important advancement in regulatory standards for genetic testing and analysis, including software used for analysis. The new standards promote transparency and traceability throughout genomic analysis processes, helping to ensure the reliability and accuracy of diagnostic results and ultimately patient safety. Users can save time and costs by leveraging an IVDR compliant software platform, like Sophia DDM.