Stockwinners Market Radar for August 26, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
DKNG | Hot Stocks20:04 EDT Cathie Wood's ARK Investment bought 51.3K shares of DraftKings today
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TEM | Hot Stocks20:04 EDT Cathie Wood's ARK Investment bought 59.6K shares of Tempus AI today
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BILL | Hot Stocks19:55 EDT Bill CEO buys $2.1M in common stock, CFO buys $1.0M in common stock - In regulatory filings, Bill disclosed that its CEO Rene Lacerte bought 42.2K shares of common stock and CFO John Rettig bought 21.1K shares of common stock on August 26th in transaction sizes of $2.1M and $1.04M. Bill shares are up 1.1% afterhours at $50.30.
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QMCO | Hot Stocks19:50 EDT Quantum Corp trading halted, news pending
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BHP | Hot Stocks19:43 EDT BHP Group says external environment in FY24 'relatively volatile' - The company stated: "BHP's external operating environment in FY24 remained relatively volatile. Our key commodity prices were mixed with significant variation in performance between individual commodities. In the near term, we expect steady global growth slightly above 3% for CY24 and CY25. Major economies are expected to diverge in their growth outlooks, with developed economies facing less of a drag from higher interest rates, China experiencing an uneven recovery among its end-use sectors, and India likely to continue as the fastest growing major economy. Geopolitical risks remain relatively elevated and are likely to remain so in the near term. Inflation has been easing across our major operating regions, although the trajectory towards central bank inflation targets will continue to be bumpy. And while wage growth has largely normalised in Chile and has recently peaked in Australia, we still expect the lagged impact from inflation and some lingering labour market tightness to impact our cost base into FY25. Demand for commodities in the developed world has been relatively soft over CY23 and into CY24 as anti-inflationary policies, sluggish industrial activity and the last of the lagged impacts of the energy crisis were felt. The impact of higher interest rates is expected to continue to restrain household consumption in the developed world for the balance of CY24, but we expect steel, copper and nickel demand to recover across the OECD. China is on track to meet official CY24 macroeconomic growth targets, but the property sector is likely to remain a drag. India is expected to continue as a bright spot for commodity demand. The Chinese economy has been volatile since CY23, with a steady recovery in a range of sectors important to copper demand, for example power infrastructure, transport and consumer durable goods. Weakness however continued in the steel-intensive real estate sector. Policymakers have acknowledged that more support is needed to embed a recovery in this sector, and in mid-CY24 a more decisive policy pivot emerged with the objective to reduce the oversupply in the market. Against this backdrop, steel production was lower in H1 CY24 compared to the previous year, however annual steel production is still expected to be more than 1 Bt for the sixth consecutive year. We believe that China's economic transition could accelerate its demand shift increasingly towards 'future-facing commodities'. The picture has been more positive in India, where a capital investment upswing continues to be well entrenched and commodity demand has been robust. The Indian economy has maintained healthy momentum after the general election, particularly in relation to demand linked to the steel sector. Over the long term, the outlook for our key commodities remains positive. We continue to expect that population growth, urbanisation, rising living standards, and the infrastructure required for decarbonisation and electrification will drive demand for steel, non-ferrous metals such as copper, and fertilisers."
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ABIO | Hot Stocks19:31 EDT ARCA Biopharma updates on special dividend related to Oruka merger - ARCA biopharma "announced an update to the previously announced final amount of the special cash dividend, which will now equal $1.613 per share of ARCA's common stock, payable on August 28, 2024, to ARCA's stockholders of record as of August 26, 2024. The Special Dividend was declared by ARCA's Board of Directors on August 16, 2024, in connection with the previously announced merger with Oruka Therapeutics, Inc., pursuant to the Agreement and Plan of Merger and Reorganization, dated April 3, 2024. The exact amount of the Special Dividend was calculated in accordance with the Merger Agreement and based on ARCA's reasonable, good faith approximation of the amount by which ARCA's net cash, as determined prior to the closing of the Merger, will exceed $5,000,000."
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SMFL | Hot Stocks18:29 EDT Smart for Life provides update on prospective acquisitions - Smart for Life provided an update on the potential expansion of the Company's acquisition pipeline and an update on its M&A activities. Currently, the company is negotiating four profitable Health & Wellness acquisitions and exploring additional prospects as part of its post-restructuring strategy. These targets include Purely Optimal Nutrition, a liquid manufacturer, an established supplement brand, and a wholesale manufacturer and distributor. Chairman A.J. Cervantes, Jr. stated, "We are on track with several potentially transformative strategic transactions. Once we finalize our upcoming 10-K and 10-Q filings, we plan to substantially accelerate our M&A activity, leveraging the potential acquisitions we've already identified. We are focused on acquiring profitable companies in the nutritional supplements and functional foods sectors. With restructuring complete, we are aggressively advancing our M&A efforts. We are targeting U.S. and foreign nutraceutical companies with $5 million to $25 million in annual revenue, prioritizing innovation, quality, and organic growth."
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FCPT | Hot Stocks18:19 EDT Four Corners Property Trust acquires 19 Bloomin' Brands properties for $66M - Four Corners Property Trust is pleased to announce the acquisition of 19 Bloomin' Brands restaurant properties comprising of 20 total restaurants (10 Outback Steakhouse restaurants and 10 Carrabba's Italian Grill restaurants, including one dual-tenant property with both concepts) for a purchase price of $66.4 million. The 19 properties are located across 10 states (AZ, FL, GA, KY, LA, NC, NV, PA, SC, and TN). The sites are in strong retail corridors with high traffic and attractive demographics. The properties are under two long-term master leases of ten restaurants each and leased to corporate Bloomin' Brands entities. The transaction was priced at cap rate in range with previous FCPT transactions.
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CALC | Hot Stocks18:00 EDT CalciMedica director buys $201K in common stock - n a regulatory filing, CalciMedica disclosed that its director Robert Wilson bought 54K shares of common stock on August 23rd in a total transaction size of $201K.
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PTON | Hot Stocks17:59 EDT Peloton Chief Product Officer buys $133K in common stock - In a regulatory filing, Peloton disclosed that its Chief Product Officer Nick Caldwell bought 31.3K shares of common stock on August 23rd in a total transaction size of $133.2K.
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PLD | Hot Stocks17:53 EDT Prologis CIO Ghazal sells 5,200 common shares - In a regulatory filing, Prologis CIO Joseph Ghazal disclosed the sale of 5,200 common shares of the company on August 23 at a price of $129.07 per share.
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TUYA | Hot Stocks17:16 EDT Tuya announces CFO resignation - Tuya announced that Ms. Yao (Jessie) Liu has tendered her resignation as a director, the Chief Financial Officer and senior vice president of Tuya, effective September 16, 2024. Ms. Liu has made this decision to devote more time to her personal endeavors. Following Ms. Liu's departure, Mr. Yi (Alex) Yang, a director, co-founder of the Company, will take on the additional role of Chief Financial Officer.
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LHX | Hot Stocks17:15 EDT L3Harris Technologies awarded $587.39M Navy contract - L3 Technologies was awarded a $587.39M cost-plus-incentive-fee contract for the design, production and delivery of electronic warfare test articles and fleet prototypes to include 11 pod simulators, eight operational prototype pods, four jettison mass model pods, two captive mass models, two mission system prototypes, and two technique development systems as well as engineering support, integration, test and maintenance resulting in a low-band capability in support of engineering and manufacturing development of the Next Generation Jammer Low Band program for the Navy EA-18G Growler and Royal Australian Air Force. Work is expected to be completed in August 2029. This contract was competitively procured via electronic request for proposal; two offers were received. Naval Air Systems Command is the contracting activity.
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ABAT | Hot Stocks17:09 EDT American Battery COO Andres Meza steps down, Steven Wu succeeds - American Battery appointed Steven Wu as its new COO. In his role at ABTC, Wu will be responsible for accelerating the company past its current stage of commissioning and ramp up of its first integrated lithium-ion battery recycling facility and primary claystone to lithium hydroxide pilot plant, progressing toward widespread commercialization and proliferation of these technologies. He will oversee ABTC's manufacturing operations while also working closely with ABTC's leadership teams across the organization on growth initiatives. He will succeed Andres Meza who served as COO for over three years and is stepping down to pursue other opportunities.
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LUNA | Hot Stocks17:05 EDT Luna Innovations receives noncompliance notice from Nasdaq - Luna Innovations announced that it has received a written notice from Nasdaq stating that because the company has not yet filed its Form 10-Q for the quarter ended June 30 and because the company remains delinquent in filing its Form 10-Q for the quarter ended March 31 and its Form 10-K for the year ended December 31, 2023, it is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the SEC. As previously announced, the company received earlier notices of non-compliance with respect to the Rule on May 17 and April 2 because it had not yet filed its Q1 2024 Form 10-Q and 2023 Form 10-K, respectively.
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TUYA | Hot Stocks17:05 EDT Tuya announces special dividend of 5.9c per share - On August 26, 2024, the Board has approved the declaration and distribution of a special dividend of $0.0589 per ordinary share, or $0.0589 per ADS, to such holders as at the close of business on September 11, 2024, Hong Kong Time and New York Time, respectively. The aggregate amount of the Special Dividend will be approximately $33 million, which is payable in U.S. dollars and in cash, and will be funded by surplus cash and to be paid out from the share premium account of the Company.
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PK | Hot Stocks16:57 EDT Park Hotels & Resorts provides update on Hurricane Hone - Park Hotels & Resorts announced that its two Hawaii hotels-the 2,860-room Hilton Hawaiian Village in Honolulu and the 647-room Hilton Waikoloa Village on the Big Island-sustained no material damage from Hurricane Hone, a Category 1 hurricane that impacted the Hawaiian Islands on Sunday. Both hotels maintained power and uninterrupted services, and continue to welcome guests with all customary services and amenities available.
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YCBD | Hot Stocks16:45 EDT cbdMD receives notice from NYSE regaining listing compliance - cbdMD "received notice from the NYSE American that it had accepted the Company's plan to regain compliance with the NYSE American continued listing standards and granted a plan period through December 5, 2025. As previously disclosed on June 5, 2024, the Company received a letter from the NYSE American LLC stating that the Company was not in compliance with the continued listing standards set forth in Sections 1003(a)(ii) of the NYSE American Company Guide. Section 1003(a)(ii) requires a listed company to have stockholders' equity of $4 million or more if the listed company has reported losses from continuing operations and/or net losses in three of its four most recent fiscal years. The Company reported a stockholders' deficit of $3.1 million as of March 31, 2024, and has had losses from continuing operations and/or net losses in three of its four most recent fiscal years ended September 30, 2023. During the plan period, the Company will be subject to quarterly review to determine if it is making progress consistent with the plan. If the Company does not regain compliance with the NYSE American listing standards by the Deadline Date, or if the Company does not make sufficient progress consistent with its plan, then the NYSE American may initiate delisting proceedings."
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SPI | Hot Stocks16:32 EDT SPI Energy discloses Nasdaq non-compliance notice - SPI Energy announced that it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that due to the Company's failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2024, with the Securities and Exchange Commission, the Company is not in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic reports with the SEC.
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AAPL | Hot Stocks16:32 EDT Apple announces Kevan Parekh to replace Luca Maestri as CFO - Apple announced that CFO Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple's Vice President of Financial Planning and Analysis, will become CFO and join the executive team. Parekh has been at Apple for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. Prior to this role, Parekh led Worldwide Sales, Retail, and Marketing Finance. He began his tenure leading the financial support of Apple's Product Marketing, Internet Sales and Services, and Engineering teams. Before joining Apple, Parekh held various senior leadership roles at Thomson Reuters and General Motors, where he also had extensive global experience.
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ACHV | Hot Stocks16:32 EDT Achieve Life Sciences CEO John Bencich to leave role, Richard Stewart to succeed - Achieve Life Sciences announced that Richard Stewart, Achieve's co-founder and current executive chairman, will reassume the role of CEO. John Bencich, who served as the company's CEO for the past four years, will serve as an advisor during the transition. Additionally, the company announced that Thomas King, currently the lead independent director of the board, will assume the role of executive chairman.
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PODD | Hot Stocks16:21 EDT Insulet: Omnipod 5 now FDA-cleared for people with Type 2 diabetes - Insulet announced its groundbreaking Omnipod 5 Automated Insulin Delivery System is now indicated for use by people with type 2 diabetes (ages 18 years and older) in the U.S., making it the first and only AID system FDA-cleared for both type 1 and type 2 diabetes management.
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DSS | Hot Stocks16:21 EDT DSS CEO Heuszel steps down, COO Jason Grady named as interim - On August 15 the Chief Executive Officer of DSS Frank D. Heuszel, announced that effective on the close of business on August 23, he will step down as the Chief Executive Officer of DSS. Mr. Heuszel's resignation as the Chief Executive Officer does not reflect any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. Effective August 23 the Board of Directors of DSS elected Mr. Jason Grady as the Company's new Interim Chief Executive Officer. Mr. Jason Grady, 50, has served as the Chief Operating Officer of DSS, Inc. since 2019, and concurrently holds the position of President at Premier Packaging Corporation since 2018, a DSS subsidiary specializing in comprehensive consumer packaging solutions.
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XWEL | Hot Stocks16:18 EDT Xwell announces two-year partnership with Priority Pass - Xwell announced a two-year partnership with Priority Pass. Through this partnership, select Priority Pass members can enjoy a 25-minute Zero Gravity Massage Lounger at JFK, MIA, MCO, SLC, DFW, and PHL XpresSpa airport locations beginning August 26. The remainder of XpresSpa's 17 U.S. locations will begin participating in the program beginning September 16.
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SHPH | Hot Stocks16:16 EDT Shuttle Pharmaceuticals receives noncompliance notification from Nasdaq - Shuttle Pharmaceuticals reported that it received formal notice from Nasdaq that it is not in compliance with Nasdaq Listing Rule 5250 as a result of the company's failure to timely file its quarterly report on Form 10-Q for the period ended June 30.
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TRIB | Hot Stocks16:14 EDT Trinity Biotech announces increased orders for TrinScreen HIV - Trinity Biotech announced that it has received substantial additional orders for TrinScreen HIV. As a result of this strong demand and the scaling of production capacity, the company is now increasing its expected 2024 sales revenue for TrinScreen HIV to approximately $10M, up from $8M previously. John Gillard, President and Chief Executive Officer of Trinity Biotech, said, "Trinity has had a long history of supplying its rapid HIV tests to markets with the greatest need, and we are pleased to have scaled up our manufacturing capacity to meet the increased demand for TrinScreen HIV. Also, as a company with a strong presence in infectious disease, we have also increased our manufacturing capacity for our U.S. Food and Drug Administration (FDA) 510(k) cleared viral transport medium, FlexTrans(TM), in anticipation of potential increased customer demand due to the recently declared World Health Organization (WHO) Public Health Emergency of International Concern (PHEIC) for Mpox. We will continue to look for opportunities to contribute to diagnostic testing for this global health threat."
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SANA NVS | Hot Stocks16:12 EDT Sana Biotechnology appoints Dhaval Patel, M.D., CSO - Sana Biotechnology (SANA) announced the appointment of Dhaval Patel, M.D., Ph.D., as Executive Vice President and Chief Scientific Officer. "We are thrilled to welcome Dhaval to Sana's senior leadership team and look forward to partnering with him to build the company, maximize the value of our current pipeline, and secure our long-term future," said Steve Harr, Sana's President and Chief Executive Officer. Patel was previously Executive Vice President and Chief Scientific Officer at UCB, where he played a key role in its recent pipeline transformation. He and his teams contributed to the registration of Bimzelx( Rystiggo Zilbrysq . Prior to UCB, Dr. Patel spent 10 years at Novartis (NVS), most recently as the Head of Research of the Novartis Institutes for BioMedical Research NIBR Europe. During his tenure, he led research in autoimmune
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LESL | Hot Stocks16:11 EDT Leslie's CEO Michael Egeck departs, Jason McDonell succeeds - Leslie's announced the appointment of Jason McDonell as CEO, effective September 9. McDonell will also join Leslie's board at that time. John Strain, Leslie's chairman of the board, has been appointed interim CEO, and will lead the company until McDonell assumes the role of CEO. Michael Egeck has departed the company and resigned from his board seat.
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AVA | Hot Stocks16:09 EDT Avista CEO Vermillion to retire, President and COO Rosentrater to succeed - Avista Corp Chief Executive Officer Dennis Vermillion announced to the company's board of directors that he will retire from the company in the first quarter of 2025. Vermillion will transition his duties as CEO to Avista President and COO Heather Rosentrater, who was appointed to CEO by the company's board of directors, effective January 1. As CEO, Rosentrater will retain the role of president. She has also been appointed to the board of directors, effective January 1. "Succession planning is something that we've carefully considered and purposely planned for over the years," said Vermillion. "Heather has demonstrated a strong commitment to our company, employees, communities, and shareholders. I am confident she will successfully lead Avista into the future. At every turn since joining Avista, Heather has positioned our utility to be at the forefront of innovation. She has demonstrated she possesses the values, strength, acumen, and insights to lead Avista during these unique times. I'm excited for Avista's future under Heather's leadership as CEO, the first female CEO in our company's history."
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NTBL | Hot Stocks16:08 EDT Notable Labs CEO Thomas Bock resigns - Notable Labs announced that Thomas Bock has resigned from his positions as CEO and member of the board, effective immediately. Joseph Wagner, the company's chief scientific officer, or CSO, has been appointed as interim CEO. The board of directors has initiated a search process for Bock's successor. "On behalf of the Board and the entire Notable team, I want to extend our deepest gratitude to Thomas for his visionary leadership and tireless dedication to the Company. Under his leadership, Notable transformed from a private diagnostic start-up to a publicly-traded clinical-stage therapeutic-focused leader in Predictive Medicine and delivered industry-leading results from platform-validating clinical trials in hematologic cancers. We are confident that the strong foundation Thomas built will lead to continued progress, starting with the initiation of the Phase 2 clinical program for volasertib, expected in the coming months," said Tuomo Patsi, chairman of the board. "As we search for Thomas' successor, we look forward to working with Joe to continue Notable's work to revolutionize the use of predictive medicine in cancer care." "I am especially proud of Notable's world-class team and how far the Company has come in developing PMP as a novel precision medicine tool. I believe the re-designed volasertib development program, which merges biology and technology through enhanced trial design and the use of PMP, has the potential to improve treatment outcomes for patients with AML," said Bock. "With our FDA-cleared Phase 2 program nearing significant clinical milestones, I am optimistic for Notable's future and thankful to our team, Board, investors, advisors, and all partners for their shared commitment and the sense of urgency that patients deserve."
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SLAM | Hot Stocks16:06 EDT Slam Corp. delisted from Nasdaq, to trade on OTC Markets - SLAM Corp. "announced that the Company, as anticipated, received a notice from The Nasdaq Stock Market LLC, stating that in accordance with Nasdaq rules, Slam's securities will be delisted from the Exchange. At the open of trading on Tuesday, August 27, 2024, Slam's securities will be suspended on Nasdaq and are expected to begin trading on the OTC Markets under the tickers "SLAM" and "SLAMW", respectively, ensuring uninterrupted market activity for its shareholders. Slam's ongoing business combination with Lynk Global, Inc., the world's leading commercially-licensed satellite-direct-to-standard-phone telecoms provider, will be materially unaffected by the transition."
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GOSS | Hot Stocks16:02 EDT Gossamer Bio announces data presentations at ERS Congress - Gossamer Bio announced two oral presentations and a poster presentation with data relevant to seralutinib at the European Respiratory Society Congress 2024, which takes place from September 7th through 11th online and onsite in Vienna, Austria. "We are thrilled to present additional findings from our Phase 2 TORREY open-label extension study at the European Respiratory Society Conference in Vienna which highlight the sustained effect of seralutinib beyond 24 weeks of treatment," said Faheem Hasnain, Co-Founder, CEO, and Chairman of Gossamer Bio. "With the continued improvement in clinical outcome measures and the sustained effect on circulating biomarkers of proteins and pathways relevant to PAH pathogenesis, these data demonstrate the potential of seralutinib to make a meaningful difference in the lives of people living with pulmonary hypertension. These findings reinforce our commitment to advancing the development of seralutinib for the treatment of patients with PAH and PH-ILD."
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CRTO | Hot Stocks16:02 EDT Criteo CEO Megan Clarken to retire within the next 12 months - Criteo announced that CEO Megan Clarken has informed the Board of Directors of her intention to retire within the next 12 months. To ensure a smooth transition, Clarken will continue to serve as CEO until her successor is named, at which time she will also step down from the Board. Clarken has also agreed to remain with Criteo in a senior advisor role providing services until any necessary transition is complete. The Board has initiated a search and engaged Heidrick & Struggles, a leading executive search firm, to assist in the process of identifying and evaluating both internal and external candidates.
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MUX | Hot Stocks15:37 EDT McEwen Mining announces McEwen Copper renewable energy MOU with YPF Luz - McEwen Mining announced that its 48%-owned McEwen Copper has secured an agreement with YPF Luz to power its large Los Azules copper project with 100% renewable energy. This exclusive agreement covers the supply of renewable energy through a high-voltage transmission line, with YPF Luz responsible for its development and financing. YPF Luz and McEwen Copper have signed a memorandum of understanding, or MOU, that allows the companies to negotiate the exclusive energy supply for the Los Azules project in the San Juan province using renewable energy sources. The agreement also includes connecting the project to the Argentine Interconnection System, or SADI, via a high-voltage transmission line, the design, construction, and financing of which will be carried out by YPF Luz. The energy to be supplied will be sourced from YPF Luz's renewable assets connected to SADI. The MOU strengthens the alliance between the two companies, which began in early 2023 with an initial agreement to explore solutions for ensuring the power supply to Los Azules.
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LYFT... | Hot Stocks15:20 EDT Lyft launches Pet Rides amid National Dog Day - In a recent blog post the company said, in part: "As part of our ongoing commitment to making rides more inclusive and tailored to our riders' needs, Lyft (LYFT) is excited to announce Pet rides, a highly requested feature from both riders and drivers. We're launching just in time for National Dog Day. This new feature allows riders to match with drivers who are comfortable having pets in their car. Riders pay a $4 fee plus tax, which they'll see included in the upfront price, and drivers will receive the full fee for every pet ride. Starting August 26, "Pet rides are available nationwide, offering a seamless and stress-free experience for pet owners. Whether you're heading to the vet, the park, or just out for a day of errands, you can now bring your beloved pet with you, knowing that they'll be paired with a driver who is ready to get them where they're going!"..Other companies in the space include Uber(UBER) and Google's (GOOG;GOOGL) Waymo. Reference Link
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BK | Hot Stocks15:16 EDT CFTC orders BNY Mellon to Pay $5M for swap reporting and supervision failures - The Commodity Futures Trading Commission issued an order simultaneously filing and settling charges with The Bank of New York Mellon for repeatedly failing to correctly report millions of swap transactions to a registered swap data repository, in violation of a prior CFTC order against BNYM, and for failing to properly supervise its swap dealer business as required by the Commodity Exchange Act and CFTC regulations. The order imposes a $5M civil monetary penalty and incorporates BNYM's decision to retain an independent compliance consultant to review and provide advice regarding its compliance program. Reference Link
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AGR | Hot Stocks14:34 EDT Avangrid installed more than 488,000 solar modules at True North Solar - Avangrid recently installed the final modules at True North Solar, a significant achievement for the 238 MWac or 321 MWdc clean energy project located in Falls County, Texas. Avangrid installed more than 488,000 solar modules at the site over the past several months, accomplishing this milestone ahead of schedule. "This is a major accomplishment and we are proud of the hardworking women and men who are bringing this clean energy project onto the Texas grid," said Pedro Azagra, Avangrid CEO. "In celebrating this milestone, we look forward to finishing the project. This is yet another example of Avangrid executing on its commitment to accelerate the clean energy transition."
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F... | Hot Stocks14:27 EDT U.S. share of electric and hybrid vehicle sales increased in Q2, U.S. EIA says - U.S. Energy Information Administration or EIA said in part: "The share of electric and hybrid vehicle sales in the United States increased in 2Q24 after a slight decline in 1Q24. Combined U.S. sales of hybrid vehicles, plug-in hybrid electric vehicles, and battery electric vehicles or BEVs increased from 17.8% of total new light-duty vehicle or LDV, sales in 1Q24 to 18.7% in 2Q24, according to estimates from Wards Intelligence. This slight increase in the electric and hybrid vehicle market share was driven primarily by hybrid electric vehicle HEV sales, which increased by 30.7% year over year. Hybrid sales accounted for 8.6% of the total light-duty market in 1Q24 and increased to 9.6% in 2Q24. Plug-in hybrid electric vehicle sales increased slightly from 1.7% to 2.0% of the total light-duty market year over year. Following slower growth in 1Q24 compared with the previous year ...The average transaction price of BEVs in the United States, not including any government incentives, decreased from $57,405 in January 2024 to $56,371 in June 2024, according to data from Cox Automotive. BEV transaction prices were 21.1% higher than the overall average light-duty vehicle transaction price in January 2024 and 15.9% higher in June 2024. Although Tesla (TSLA) is still the leading manufacturer in the electric vehicle market, it no longer holds the majority share of electric vehicle sales. Tesla's market share accounted for 48.9% of the total electric vehicle market in 2Q24, decreasing to less than 50% of the light-duty vehicles sold for the first time since 4Q17. The sales have shifted to legacy manufacturers such as Ford (F), Chevrolet, Hyundai, and Kia. Ford accounted for 8.0% of sales in the electric vehicle market in 2Q24, the second-largest share, driven by the sales of the Mustang Mach-E and F-150 Lightning. Chevrolet's sales shifted to its newly introduced electric Blazer, Silverado, and Equinox models following the manufacturer's decision to stop producing the Bolt, a decision that decreased overall sales in 1Q24."...Publicly traded companies in the space include Ford , General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA),, Toyota (TM) and Volkswagen (VWAGY). Reference Link
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NOVA | Hot Stocks14:24 EDT Sunnova Energy CEO Berger sells 77,000 common shares - In a regulatory filing, Sunnova Energy chairman, president, and CEO William Berger disclosed the sale of 77,000 common shares of the company on August 23 at a price of $11.3122 per share.
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BANF | Hot Stocks14:23 EDT BancFirst raises quarterly dividend to 46c from 43c per share - BancFirst declared a 46c per share cash dividend on its common stock, payable October 15, to shareholders of record on September 30. The dividend is above the prior quarterly dividend amount of 43c per share.
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VZ CRH | Hot Stocks13:39 EDT CRH appoints Lauren Schulz as CCO - CRH (CRH) announced the appointment of Lauren Schulz as the company's Chief Communications Officer. In this role, Lauren will lead CRH's global communications strategy, brand, and corporate narrative across all markets. Most recently, Lauren served as the Head of Global Communications at Verizon Business (VZ), where she played a key role in shaping the company's global communication initiative.
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ERJ | Hot Stocks13:21 EDT Embraer announces sale of up to six A-29 Super Tucano aircraft to FAU - Embraer announced the sale of up to six A-29 Super Tucano aircraft to the Uruguayan Air Force. The contract, which is part of a fleet renew program to expand FAU's operational capacity, provides for the acquisition of one aircraft plus the commitment to acquire five additional units, with deliveries scheduled from 2025, including mission equipment, integrated logistics services and a flight simulator. With this order, Uruguay becomes the sixth nation to operate the A-29 Super Tucano in South America along with Brazil, Chile, Colombia, Ecuador and Paraguay.
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UBER | Hot Stocks13:13 EDT Uber to launch Coco's sidewalk robots on Uber Eats - Uber and Coco announced a strategic partnership to launch Coco's sidewalk robots on Uber Eats, starting in Los Angeles this week and expanding to more cities in the months to come. "This partnership with Uber builds on Coco's existing relationships with hundreds of merchants in the Los Angeles area," Coco stated. "We're excited to welcome Coco's sidewalk robots on Uber Eats to enhance the delivery experience for both our merchants and customers. As we continue to popularize robot delivery in Los Angeles, our partnership with Coco drives us another step towards a more sustainable and autonomous future for delivery," added Noah Zych, Global Head of Autonomous Mobility & Delivery at Uber.
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AAPL | Hot Stocks12:09 EDT Apple announces 'glowtime' product event on September 9 - Apple sent out invitations for a product launch event on September 9, saying, "It's glowtime."
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XPEV | Hot Stocks12:02 EDT XPeng rises 8.8% - XPeng is up 8.8%, or 61c to $7.62.
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GCI | Hot Stocks12:02 EDT Gannett rises 17.8% - Gannett is up 17.8%, or 87c to $5.76.
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FEDU | Hot Stocks12:01 EDT Four Seasons Education rises 33.0% - Four Seasons Education is up 33.0%, or $5.28 to $21.28.
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LB | Hot Stocks12:00 EDT LandBridge falls -5.5% - LandBridge is down -5.5%, or -$2.33 to $39.72.
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SG | Hot Stocks12:00 EDT Sweetgreen falls -6.2% - Sweetgreen is down -6.2%, or -$2.32 to $35.33.
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ELF | Hot Stocks12:00 EDT Elf Beauty falls -8.7% - Elf Beauty is down -8.7%, or -$14.95 to $156.00.
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IAC | Hot Stocks11:59 EDT FTC agrees to $8.5M settlement with IAC's Care.com - The Federal Trade Commission is taking action against Care.com, alleging that the child and older adult care gig platform has "systematically deceived caregivers who were looking for jobs while failing to give families seeking care a simple way to cancel their paid memberships." In a federal court complaint, the FTC alleges that Care's marketing messages about both the number of jobs available on their site and the amount workers could expect to be paid were deceptive. Care has agreed to a settlement that will require it to turn over $8.5M to be used to refund consumers harmed by their practices, as well as requiring the company to be able to back up the earnings claims it makes and be honest about the number of jobs available on their site, the FTC announced. Reference Link
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IEP | Hot Stocks10:36 EDT Icahn Enterprises lower after entering open market sale agreement with Jefferies - Shares of Icahn Enterprises are lower after the company reported earlier in a regulatory filing that on August 26, Icahn Enterprises L.P. entered into an Open Market Sale Agreement with Jefferies as the agent. Pursuant to the terms of the sales agreement, the company may issue and sell the company's depositary units representing limited partner interests having an aggregate offering amount of up to $400M from time to time through the agent. "Sales of the Depositary Units, if any, may be made in sales deemed to be an "at the market offering" as defined in Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended, including sales made directly on or through the Nasdaq Global Select Market... The Company intends to use any net proceeds from the offering to fund potential acquisitions and for general limited partnership purposes... The Depositary Units are registered under the Securities Act, pursuant to the Company's shelf registration statement on Form S-3, which was declared effective by the Securities and Exchange Commission on July 26, 2022," the filing noted. In early Monday morning trading, Icahn Enterprises shares have slid 60c, or 4%, to $15.29. Reference Link
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INDV | Hot Stocks10:31 EDT Indivior announces BARDA's first order of OPVEE to combat opioids - Indivior announced the first order of OPVEE nasal spray from the Biomedical Advanced Research and Development Authority, part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services, to support its ongoing national preparedness efforts and help save lives during potential synthetic opioid overdose emergencies. OPVEE is the first and only nasal rescue medicine specifically indicated for synthetic opioids like fentanyl. With its first order of OPVEE, BARDA will be able to supplement local supplies of emergency opioid overdose medications for emergency rooms, ambulances, and other sites in the United States if medical countermeasure shortages occurred during an emergency response. BARDA will use $8.7M in Project BioShield designated funding for the initial procurement. The first option was exercised under the agreement with Indivior that was announced in December 2023. BARDA has the option to purchase additional OPVEE annually under Indivior vendor managed inventory over the next nine years.
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MYNA | Hot Stocks10:19 EDT Mynaric CEO Mustafa Veziroglu departs, Andreas Reif appointed as CRO - Mynaricannounced that the supervisory board and the CEO, Mustafa Veziroglu, jointly decided on the termination of the office of Mustafa Veziroglu as CEO and member of the management board of Mynaric with immediate effect. Mustafa Veziroglu joined Mynaric's management board in August 2022 and most recently served as CEO of the company leading all operational product-related activities overseeing the entire product lifecycle from development through delivery. In addition, Mynaric announced the appointment of Andreas Reif with immediate effect as member of the management board and Chief Restructuring Officer. In his role as CRO, Andreas Reif will be integral to reducing costs and near-term cash consumption while working closely with our customers to meet their requirements. Prior to joining Mynaric, Andreas Reif served in executive financial and operational roles and as a key advisor for industrial manufacturing companies throughout Germany. With a view to the latest changes in the Management Board, the annual general meeting of Mynaric AG, scheduled for August 29, 2024, shall be postponed. The Company will announce details of this separately in due course.
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VRAX | Hot Stocks10:15 EDT Virax Biolabs Group Ltd trading resumes
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VRAX | Hot Stocks10:10 EDT Virax Biolabs Group Ltd trading halted, volatility trading pause
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GWH | Hot Stocks10:00 EDT ESS Tech falls -6.0% - ESS Tech is down -6.0%, or -49c to $7.77.
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DQ | Hot Stocks10:00 EDT Daqo New Energy falls -6.9% - Daqo New Energy is down -6.9%, or -$1.05 to $14.15.
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ELF | Hot Stocks10:00 EDT e.l.f. Beauty falls -7.7% - e.l.f. Beauty is down -7.7%, or -$13.20 to $157.75.
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GCI | Hot Stocks10:00 EDT Gannett rises 7.3% - Gannett is up 7.3%, or 35c to $5.25.
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OPAD | Hot Stocks10:00 EDT Offerpad Solutions rises 7.8% - Offerpad Solutions is up 7.8%, or 30c to $4.16.
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ML | Hot Stocks10:00 EDT MoneyLion rises 9.3% - MoneyLion is up 9.3%, or $4.04 to $47.35.
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VIPS | Hot Stocks09:48 EDT Vipshop falls -5.4% - Vipshop is down -5.4%, or -69c to $11.99.
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ELF | Hot Stocks09:48 EDT e.l.f. Beauty falls -6.7% - e.l.f. Beauty is down -6.7%, or -$11.51 to $159.44.
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DQ | Hot Stocks09:48 EDT Daqo New Energy falls -9.1% - Daqo New Energy is down -9.1%, or -$1.38 to $13.82.
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BNED | Hot Stocks09:48 EDT Barnes & Noble Education rises 6.1% - Barnes & Noble Education is up 6.1%, or 80c to $13.85.
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XPEV | Hot Stocks09:48 EDT XPeng rises 7.0% - XPeng is up 7.0%, or 49c to $7.50.
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ML | Hot Stocks09:47 EDT MoneyLion rises 8.3% - MoneyLion is up 8.3%, or $3.58 to $46.90.
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DOGZ | Hot Stocks09:41 EDT Dogness Intl Corp Class A trading resumes
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MDXG | Hot Stocks09:38 EDT Ex-MiMedx employee files counterclaims in non-compete suit - One of 10 defendants who were sued earlier this year by MiMedx Group filed counterclaims against the placental biologics company. Caralyn Gargan, a former MiMedx employee, filed the action against MiMedx for "predatory sales practices" and "incentivized fraud, including Medicare fraud." Gargan also formally presented her answers and defenses to MiMedx's lawsuit which claimed that the 10 former employees, who recently left the company, allegedly breached their contractual obligations to MiMedx. The filing describes the MiMedx suit as a "blatant intimidation tactic." Specifically, the counterclaims by Gargan allege that MiMedx "engaged in and has directed members of its sales team including [the former employee] to engage in, predatory sales practices aimed at increasing its revenue by incentivizing fraud on the United States government, including Medicare fraud." The claims reference a warning letter issued by the FDA to MiMedx's CEO, Joseph H. Capper, concerning its AXIOFILL product on December 20, 2023, and assert that the former employee and others "became increasingly uncomfortable about MiMedx senior leadership's direction to sell AxioFill, even though it had not been approved by the FDA for FDA Premarket Approval." The claims filed by Gargan's attorneys at Mintz and Fellows Labriola allege that she left MiMedx after "MiMedx tried to compel its employees to continue selling a product that the U.S. Food and Drug Administration determined could not lawfully be marketed without prior FDA approval."
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DOGZ | Hot Stocks09:36 EDT Dogness Intl Corp Class A trading halted, volatility trading pause
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WBA | Hot Stocks09:35 EDT Bilt Rewards enters strategic collaboration with Walgreens Boots Alliance - Bilt Rewards announced a significant expansion of its neighborhood rewards program through a strategic collaboration with Walgreens. This cooperative effort introduces an innovative "Automatic Healthcare Savings" program, marking the first time customers can effortlessly apply any network branded Flexible Spending Account or Health Savings Account benefits card to purchases at a major pharmacy chain.The new program eliminates the need to carry separate FSA or HSA cards and removes the guesswork in identifying eligible items, addressing the approximately $4 billion in FSA dollars lost annually due to non-use. Key features of the Bilt-Walgreens collaboration include: Automatic FSA/HSA Savings: Members can shop at Walgreens using any linked debit or credit card in their Bilt account. Bilt's innovative system automatically identifies FSA or HSA eligible items and offers a one-click solution to apply benefits. This feature simplifies healthcare shopping by removing the hassle of knowing which items are eligible for FSA or HSA benefits in advance of purchase. Enhanced Rewards: Bilt Members earn 1x Bilt points on all Walgreens purchases, 2x points on Walgreens-branded items, and 100 Bilt points on prescription refills - subject to certain exclusions - all in addition to their usual card rewards. Complimentary Photo Prints: Coming soon, Bilt Members will have access to free photo prints at their neighborhood Walgreens pharmacy, providing a great way for locals to capture and relive their memories.
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MULN | Hot Stocks09:34 EDT Mullen Automotive enters $210M contract with Volt Mobility - Mullen Automotive announced that Volt Mobility has entered into a purchase agreement for approximately $210M to acquire 3,000 Class 1 and Class 3 EV cargo vans and trucks over a 16-month period. Mullen will receive an initial $3M deposit within 60 days and additional payments as the vehicles are delivered. The Company will begin shipping the first vehicles immediately. Mullen expects to recognize approximately $210M in revenue over the next 16 months of the agreement. Volt intends to lease these vehicles to its corporate customers based in the Middle East and Gulf States. Volt's vehicle order will be assembled at Mullen's Tunica, Mississippi-based Commercial Vehicle Facility, which is capable of producing 20,000 Class 1 and 6,000 Class 3 vehicles annually with two production shifts.
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AMPG | Hot Stocks09:32 EDT AmpliTech Group's AGMDC division moves to Allen Tech Hub - AmpliTech Group announced its AmpliTech Group Microwave Design Center move into the Allen Tech Hub in the heart of the Watters Creek District in Allen Texas. The Allen Tech Hub will serve as the new home for AmpliTech Group's AGMDC Division. This strategic relocation underscores AmpliTech's commitment to advancing technology and innovation while providing its team with an unparalleled environment for collaboration and growth. The move to the Allen Tech Hub is set to enhance AmpliTech Group's ability to deliver next-generation MMIC and Microwave Technology solutions for Public and Private 5G networks, in addition to continued engineering support for existing microwave products. The new facility boasts advanced manufacturing capabilities, expansive research and development spaces, and collaborative work environments that are integral to the company's continued success.
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SPRY | Hot Stocks09:30 EDT ARS Pharmaceuticals announces EC approval for EURneffy - ARS Pharmaceuticals announced that the European Commission has approved EURneffy for the emergency treatment of allergic reactions on August 22, 2024. The approval of the mixed application for marketing authorization grounded on Article 8(3) of Directive 2001/83/EC by the European Commission was granted following the review of data from one of the most extensive nasal spray development programs in history involving more than 700 study participants and over 1,200 administrations, as well as studies and peer-reviewed literature substituting or supporting certain tests and studies. The pharmacodynamics and pharmacokinetics of 2 mg EURneffy were evaluated across a range of dosing conditions, including single and repeat dosing, self-administration by patients, dosing in pediatrics, and during multiple nasal conditions that can cause congestion and rhinorrhea such as nasal allergen challenge or infectious rhinitis caused by a cold/flu. EURneffy benefits from an eight-year period of data protection whereby another applicant cannot rely the data submitted as part of the EURneffy marketing authorization application, and a ten-year period of marketing protection during which a generic, hybrid or biosimilar cannot be placed on the market in the EU. The issued composition of matter and method of treatment patents covering EURneffy in Europe expire in 2039. ARS Pharma anticipates that EURneffy will be made available to patients in certain European Union Member States in Q4 2024 by a pharmaceutical company with an already established commercial footprint in Europe.
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DSX | Hot Stocks09:27 EDT Diana Shipping announces time charter contract for m/v G.P. Zafirakis - Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is $26,800 per day, minus a 5.00% commission paid to third parties, for a period of minimum twenty-three months to maximum twenty-six months. The charter is expected to commence on September 9, 2024. The m/v G. P. Zafirakis was chartered, as previously announced, to Solebay Shipping Cape Company Limited, Hong Kong, at a gross charter rate of $17,000 per day, minus a 5.00% commission paid to third parties. The "G. P. Zafirakis" is an 179,492 dwt Capesize dry bulk vessel built in 2014. The employment of "G. P. Zafirakis" is anticipated to generate approximately $18.49 million of gross revenue for the minimum scheduled period of the time charter.
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WTHVF | Hot Stocks09:26 EDT Westhaven Gold provides exploration update at Shovelnose gold property - Westhaven Gold provided an exploration update at its 41,623-hectare Shovelnose gold property, situated within the prospective Spences Bridge Gold Belt, 30 kilometres south of Merritt, British Columbia. The summer/fall phase of the 2024 drill campaign has now commenced and is focused on seven new, high-priority features. 4,000 metres of diamond drilling will test targets at Line 6 North, Line 6-MIK, CSAMT-3, Romeo and three different sites at Certes. Prospecting, mapping and sampling programs conducted in 2023 and 2024, in combination with an ongoing review of geological, geochemical and geophysical data, have highlighted additional exciting prospective targets across the Shovelnose property. The majority of these targets are situated within the 'Shovelnose Corridor', a prominent trend of multielement pathfinder anomalies that extends for over 11km across the property and trends into the newly acquired claims to the southeast. High-level quartz veins and anomalous antimony-mercury values suggest that less erosion has occurred in the southeast extent of the corridor, meaning that more of the epithermal system would be preserved, raising the potential for additional discoveries. Line 6 North - testing contacts of a potential rhyolite dome and related structural elements that may be the source for broad lower grade gold mineralization intercepted in past drilling; Line 6/Mik - testing a linear 500m long gold in soil anomaly coincident with geophysically inferred structures parallel to, and ~600m southwest of, those hosting Franz-FMN-South Zone mineralization. CSAMT3 - follow-up to hole SN24-412 that intersected molybdenum rich silica healed breccias, a zone of massive to weakly banded quartz+/- calcite veinlets and a second deeper zone of trace quartz+/- calcite veinlets. The molybdenum bearing breccias suggest a late stage magmatic contribution that, in other low sulphidation epithermal systems, commonly implies proximity to high grade gold-silver mineralization. Romeo - testing a pathfinder element halo identified from geochemical sampling of exposed bedrock within an extensive mapped zone of hydrothermal brecciation supported by intersecting structures evident in the detailed geophysical coverage. Certes Trend -Certes is a 3km long concentration of strongly anomalous pathfinder elements in rock and soil samples situated some 8km east-southeast of the Franz-FMN-South Zone along the same geophysical/geochemical corridor. Extent of the Certes Trend is limited by the previous property boundary. Westhaven has acquired additional claims to the east and will be conducting prospecting and sampling work on that new ground this season. Banded and laminated mercury-bearing chalcedony cobbles and boulders found at surface amongst andesite subcrop at the northwestern end of the current Certes Trend are indicative of near surface low sulphidation epithermal deposits, suggesting preservation of an entire system in the Certes area beneath an andesite cap. Drilling to identify and evaluate potential controlling structures will test three areas along the Certes Trend, each spaced about 1km apart. Certes 1 - testing the northwestern end near the most extensive banded quartz occurrences, where bedrock pathfinder geochemical anomalies are dominated by a mercury signature and a detailed ground magnetic survey was recently completed Certes 2 - testing the central part of the Certes Trend where antimony becomes the dominant pathfinder, and prominent cross structures interrupt the aeromagnetic data Certes 3 - testing the southeastern part of the currently recognized known trend where both mercury and antimony anomalies are supported by other pathfinder elements and favourable surface geology Westhaven is reporting assays for 10 holes as part of the ongoing, multi-phase drill campaign at the Shovelnose gold property. The spring phase of the drill program was announced in late March and completed in late June. Utilizing the information generated from this drilling, in conjunction with the ongoing exploration work, the summer/fall phase of the 2024 drilling campaign has commenced. Given the property location and access, Westhaven can drill year-round at the Shovelnose.
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WTO | Hot Stocks09:26 EDT UTime announces collaboration on Circul VS - UTime is excited to announce its collaboration on Circul VS, a core continuous blood pressure measurement technology system developed in partnership with strategic partner, Dr. Ehud Baron. Designed to offer patients an accurate and user-friendly continuous blood pressure monitoring solution, Circul VS facilitates early detection and long-term management, helping to reduce the risks associated with cardiovascular and cerebrovascular conditions.
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XCUR | Hot Stocks09:17 EDT Exicure announces 1-for-5 reverse stock split - Exicure announced that it will effect a 1-for-5 reverse stock split of its outstanding shares of common stock. The company expects that the reverse stock split will become effective at 5:00 pm on Tuesday, August 27 and its common stock will begin trading on a split-adjusted basis at the open of trading on Wednesday, August 28 under the new CUSIP number 30205M 309. Exicure's common stock will continue to trade on the Nasdaq Capital Market under the symbol (XCUR). The reverse stock split is an effort to regain compliance with Nasdaq's listing rules. The reverse stock split was approved by the company's stockholders at its special meeting of stockholders held on August 20 to be effected by the company's board of directors within approved parameters. The company's board of directors approved the reverse stock split at a ratio of 1-for-5 on August 20.
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LQDT | Hot Stocks09:11 EDT AllSurplus conducts first sale in China for global energy leader - Liquidity Services has partnered with Aaron Industrial Solutions to sell unused assets and equipment on behalf of a global leader in industrial, process, and specialty gases. The sale, which marks the first of a series of sales for the global energy leader in China, contains more than 60 unused Sumimoto cryogenic aluminum brazed fin heat exchangers designed for various services, which are currently available until 4:00 am EDT on August 31, 2024 on AllSurplus.com, the leading online marketplace for surplus business assets.
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SPGC RSTN | Hot Stocks09:11 EDT Sacks Parente Golf says Handy resigned as Chief Financial Officer - In a regulatory filing, Sacks Parente Golf (SPGC) disclosed that effective August 23, Steve Handy resigned as the Chief Financial Officer of the company to take the position of Chief Financial Officer of RDE, Inc. (RSTN). "The company is actively looking for a replacement for Mr. Handy, and is currently interviewing candidates. Mr. Handy's resignation was not the result of any disagreement with the company," Sacks Parente stated. Reference Link
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GLDD | Hot Stocks09:10 EDT Great Lakes Dredge announces receipt of $256.2M in awarded work - Great Lakes Dredge & Dock announced the receipt of several dredging awards totaling $256.2 million. The Mobile Harbor, Alabama Deepening and Widening Dredging Project 2A, involves deepening the channel by six feet to improve channel navigation to allow deeper draft vessels use of the port and to reuse material for beneficial use in the Sand Island Beneficial Use Area. The client on this project is the U.S. Army Corps of Engineers, Mobile District and is federally funded. Work is expected to start in the fourth quarter of 2024 with estimated completion in the spring of 2025.
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ZM AAPL | Hot Stocks09:09 EDT Zoom Video appoints Fenger to board of directors - Zoom Video Communications (ZM) announced that it has appointed Mike Fenger, vice president, VP, Worldwide Sales, Apple (AAPL), as an independent director on Zoom's Board of Directors effective immediately.
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SG SBUX | Hot Stocks09:09 EDT Sweetgreen names Christopher Tarrant as Chief Development Officer - Sweetgreen (SG) announced that Christopher Tarrant has joined the company as SVP, Chief Development Officer. Tarrant reports to Rossann Williams and oversees Real Estate Development, Design and Construction. Tarrant brings nearly two decades of real estate experience in the restaurant industry, with a proven track record of spearheading and executing critical development recommendations for global brands and Fortune 200 companies. Most recently, Tarrant served as Chief Development Officer of the nation's largest specialty cake company, Nothing Bundt Cakes. "We are thrilled to have Chris on the team as we embark on this next phase of pivotal growth," said Rossann Williams, COO of Sweetgreen. "With Chris' extensive real estate experience and industry knowledge, he's an invaluable addition as we advance our mission to connect more communities to real food." Previously, Tarrant spent over six years at Starbucks (SBUX) , playing a key role leading retail store development across North America. He also has extensive experience leading real estate strategies and unlocking revenue growth for Fortune-ranked companies, including McDonald's, Panera Bread, and Krispy Kreme.
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CCEC CPLP | Hot Stocks09:07 EDT Capital Clean Energy Carriers completes corporate conversion, name change - Capital Clean Energy Carriers Corp. announced completion of the conversion from a Marshall Islands limited partnership named "Capital Product Partners L.P." to a Marshall Islands corporation and adoption of a new corporate identity with a change in name to "Capital Clean Energy Carriers Corp." and Nasdaq stock market ticker to "CCEC". The company said, "The Conversion and the Name Change are key milestones in our strategic pivot towards the transportation of various forms of natural gas to industrial customers, including liquefied natural gas and new commodities emerging as a result of the energy transition, as initially announced in November 2023. To achieve our strategic pivot, we agreed in November 2023 to acquire 11 newbuild LNG/C vessels, of which five vessels are already on the water and the remaining six vessels are expected to be delivered between the first quarter of 2026 and the first quarter of 2027. In June 2024, we also ordered 10 state-of-the-art, high-specification gas carriers, including four unique handy multi gas carriers that can carry liquid CO2. These, along with the Newbuild LNG/C Vessels, collectively form the "Energy Transition Vessels". This $3.9 billion investment, notable both in asset value and scope, demonstrates our commitment to becoming a leading provider of transportation for LNG and other clean fuels. We have already made significant progress on our refocus of the business with 12 latest generation LNG/C vessels currently on the water plus the disposal of seven legacy container vessels during the first half of 2024. Upon delivery of our remaining Energy Transition Vessels between the first quarter of 2026 and the third quarter of 2027, we expect to become the largest U.S.-listed LNG shipping company and will offer our industrial customers a full range of transportation solutions."
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TCJH | Hot Stocks09:07 EDT Top KingWin announces establishment of subsidiary - Top Kingwin announced the establishment of its wholly-owned subsidiary - Shenzhen Tomorrow Innovation Core Technology on August 19, 2024, This new venture plan to focus on creating an advanced artificial intelligence hardware supply chain while delivering comprehensive solutions through AI-driven intelligent systems. This strategic initiative underscores the Company's commitment to deepening its presence in the AI industry by integrating cutting- edge hardware with intelligent systems to accelerate enterprise digital transformation.
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BRLT | Hot Stocks09:06 EDT Brilliant Earth promotes Catlett to CBO, Dziesietnik to COO - Brilliant Earth Group announced the promotions of two key members of its executive team, Pamela Catlett to Chief Brand Officer, CBO, and Sharon Dziesietnik to Chief Operations Officer, COO. These appointments underscore the Company's focus on continuing to drive long-term growth and build operational excellence.
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UFPT | Hot Stocks09:05 EDT UFP Technologies announces acquisition of AQF Medical, terms not disclosed - UFP Technologies announced the acquisition of AQF Limited. Headquartered in Navan, Ireland with additional joint venture operations in Singapore, AQF Medical develops and manufactures custom-engineered foam and thermoplastic components used in a wide range of medical devices and packaging.
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NCNC | Hot Stocks09:03 EDT noco-noco announces grant of temporary exception to remain listed on Nasdaq - noco-noco received a hearing decision letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC. The Decision Letter gave the Company an exception period until October 30, 2024 to regain compliance with Listing Rule 5550(a) and Listing Rule 5550(b) or any of the alternatives outlined in Listing Rule 5550(b). Accordingly, the Nasdaq Hearings Panel granted the Company's request for continued listing on The Nasdaq Capital Market, subject to certain conditions, including the reverse stock split, a series of debt and equity financings, and prompt notification of any significant events during the exception period that may affect the Company's compliance with Nasdaq requirements.
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SWAG | Hot Stocks09:02 EDT Stran & Company announces acquisition of strategic assets of Gander Group - Stran & Company announced the acquisition of assets and assumption of certain liabilities of Bangarang Enterprises, LLC, doing business as Gander Group, through a secured party sale initiated by the holder of Gander Group's senior financing facility. The acquisition was conducted by Stran's newly-formed subsidiary, Stran Loyalty Solutions, LLC. The Gander Group business will be operated by Stran Loyalty Solutions as an extension of the Company's newly formed Casino Continuity and Loyalty group.
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IPDN | Hot Stocks09:02 EDT Professional Diversity Network rebrands job board operations as TalentAlly - Professional Diversity Network announced the rebranding of its job board operations to TalentAlly. TalentAlly LLC will now operate as a standalone subsidiary of Professional Diversity Network, Inc. Despite challenges in the recruitment market, PDN's job board service revenue increased by 3.2% in the first half of this year compared to last year. Consequently, the Company has decided to intensify its focus on its job board recruitment business, intending to significantly advance its commitment to diversity recruitment and inclusive hiring practices. The company said, "This strategic rebranding enables the company to connect with, market to, and expand its network of job seekers from diverse backgrounds. TalentAlly will continue to empower individuals to grow their careers with the support of its diverse network of partners and inclusive employers, career fairs, networking opportunities, mentorship programs, and more. Furthermore, with the launch of TalentAlly, the company will focus on career development and strategic recruitment by offering a continually updated library of resources for job seekers and recruiters. As job seeker quantity and quality increase, the company anticipates an increase in employers' recruiting from its network."
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PLYA | Hot Stocks09:01 EDT Playa Hotels & Resorts to sell the Jewel Palm Beach for $68M in cash - Playa Hotels & Resorts announced that it has entered into a binding agreement with a third party to sell the Jewel Palm Beach for a total consideration of $68M in cash. The sale of the resort is subject to customary closing conditions, and the company offers no assurances that this sale will be completed. The company expects the transaction to close in the third quarter of 2024.
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BLMN DAL | Hot Stocks08:59 EDT Bloomin' Brands appoints Michael Spanos as CEO - Bloomin' Brands (BLMN) announced that Michael Spanos has been appointed CEO of the company. Spanos will begin his new role in Tampa on September 3. Former CEO David Deno announced on May 7, his planned retirement as CEO and from the board of directors. Spanos joins the company from Delta Air Lines (DAL) where he served as executive VP and COO.
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LPLA | Hot Stocks08:56 EDT LPL Financial: Kelly Compton joins LPL's broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor Kelly Compton has joined LPL Financial's broker-dealer, RIA and custodial platforms, aligning with existing firm Client Centric Wealth Management, part of Upstream Investment Partners. He reported having served approximately $150 million in advisory and retirement plan assets and joins LPL after owning his RIA, WCM Wealth Management, which custodied with Schwab Advisor Services. Based in San Antonio, Compton has always had an entrepreneurial spirit and a love of helping others. He started his career in the hospitality industry as a partner for a restaurant enterprise, where he sharpened his finance, planning and business skillsets. All the while, he was fascinated by the world of investments and trading.
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FEAM | Hot Stocks08:54 EDT 5E executes debt commitment letter to issue $6M of convertible notes - The Company announced it has entered into debt commitment letters whereby it will issue an aggregate of $6.0 million in senior secured convertible notes to Ascend Global Investment Fund SPC and Bluescape Energy Partners at a conversion price reflecting a premium of 25% to the registered direct offering price. The Notes will mature in August 2028 and pay interest in-kind semi-annually at a rate of 10%, and the closing of the Notes is expected to occur in September 2024. Additional details regarding the Notes and the debt commitment letters are included in a current report on Form 8-K filed by the Company. The Notes will be sold in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933.
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ALTS | Hot Stocks08:52 EDT ALT5 Sigma Corporation appoints Peter Tassiopoulus as CEO - ALT5 Sigma Corporation announced the appointment of Peter Tassiopoulos as CEO. Concurrently, Tony Issac will transition to the role of President while continuing as Chairman of the Board. In his new role, Tassiopoulos will steer ALT5 Sigma's strategic vision, oversee the restructuring of its healthcare business, and drive growth initiatives as the company enhances its presence in the evolving digital asset marketplace. Tassiopoulos has previously held various C-level positions in both public and private companies, successfully completing over $1 billion in M&A, divestitures, and financing transactions throughout his career.
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DGX | Hot Stocks08:52 EDT Quest Diagnostics completes acquisition of LifeLabs - Quest has acquired 100% of the equity of LifeLabs. The transaction meets all of Quest's criteria on growth, profitability and returns. Quest expects the transaction to generate approximately $710M in annual revenues. The company expects the transaction to be slightly dilutive to GAAP earnings per share, due primarily to amortization of intangibles and other items, but 10c-15c accretive to adjusted EPS, in the first 12 months after closing. The company will provide updated financial guidance for the full year 2024 on its third quarter 2024 earnings call in October 2024. Additional terms were not disclosed.
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SWI RPD | Hot Stocks08:51 EDT SolarWinds names Andre Cuenin new Chief Revenue Officer - SolarWinds (SWI) has named Andre Cuenin as the company's new Chief Revenue Officer CRO effective Tuesday, September 3, 2024. In this role, Cuenin will oversee all aspects of revenue generation efforts for SolarWinds and its observability, database, and service management solutions...Andre Cuenin brings over 20 years of driving revenue for IT and software companies, including Veracode, Rapid7 (RPD), Cherwell Software, Stratavia, and CA," said Sudhakar Ramakrishna, SolarWinds President and CEO. "We are invigorated by his track record of results and excited for the path ahead."
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WLDS | Hot Stocks08:50 EDT Wearable Devices announces enhanced gesture technology for Mudra Band - Wearable Devices announces the latest upgrade to the Mudra Band - enhanced gesture control functionality for the Apple Watch. This new feature enhances convenience by enabling quick, hands-free control for common tasks, and significantly improves accessibility for older Apple Watch models which do not support some of the Apple Watch double tap gesture.
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HTLZF | Hot Stocks08:49 EDT Hamilton Thorne receives interim order in respect of going private transaction - Hamilton Thorne announced the mailing of its notice of meeting, management information circular, form of proxy and letter of transmittal to the shareholders of the Company in connection with the special meeting of Shareholders to be held on September 17, 2024. The Meeting Materials were mailed to Shareholders of record as of August 16, 2024. At the Special Meeting, Shareholders will be asked to consider and, if deemed advisable, pass a special resolution, approving a statutory plan of arrangement pursuant to the Business Corporations Act involving the Company and Cradle Acquisition ULC pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company other than certain Shares beneficially held by Daniel Thorne and FAX Capital Corp., for a price of C$2.25 per Share. Simultaneously with entering into the arrangement agreement regarding the Transaction with the Company, the Purchaser entered into a binding letter of intent to acquire the complementary ART product portfolio of Cook Medical, a leading provider of IVF consumables for the ART space with a portfolio of trusted brands including ovum aspiration needles, catheters, pipettes, equipment, and other specialty products with the intention to combine the Cook ART and Hamilton Thorne operations concurrently with the closing of the Transaction. The Special Meeting will be held virtually and commence at 9:00 a.m. on September 17, 2024. Hamilton Thorne also announced that the Ontario Superior Court of Justice granted an interim order dated August 16, 2024, providing for the calling and holding of the Special Meeting and other procedural matters relating to the Transaction. Completion of the Transaction remains subject to, among other things, the approval of the Arrangement Resolution at the Special Meeting, the receipt of the final order of the Ontario Superior Court of Justice for the Transaction, and the simultaneous completion of the Acquisition, subject to certain limited exceptions, and the receipt of all required regulatory approvals relating to the Transaction and the Acquisition. The Company is pleased to report that it has received merger control clearance from the relevant authority in Germany and that all applicable merger control and other regulatory filings in respect of the Required Regulatory Approvals have now been submitted and, unless there is further inquiry from the applicable regulators, the Required Regulatory Approvals are expected to be received following the applicable waiting or review periods. Accordingly, the Company now anticipates that the signing of the definitive agreement will occur in mid to late September with the closing of the Transaction and Acquisition still expected in the fourth quarter of 2024.
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AIMD | Hot Stocks08:39 EDT Ainos CEO 'profoundly optimistic' about what the future holds - Ainos provided an update letter to shareholders from its Chairman, President, and CEO Chun-Hsien Tsai, which read in part, "We embark our smell digitalization journey from the healthcare market. Looking ahead into the near future, we believe the underlying mega-trend is that as population ages, increasing demand for healthcare will collide with a labor shortage, potentially compromising the quality of health tests. We believe telehealth-friendly point-of-care tests will be crucial in reducing the burden on healthcare workers. We anticipate that VOC could be powerful biomarkers for detecting diseases and enabling easy, efficient health monitoring. Powered by AI Nose, we are making POCTs more consumer-friendly, telehealth-compatible, AI-driven, and poised to benefit more people. AI Nose will become increasingly accurate as we train the platform with more data...As we reflect on our achievements and strategic moves, we remain profoundly optimistic about what the future holds. The milestones we've reached and the strategic programs we are advancing reinforce our confidence in the transformative potential of AI Nose technology. We are poised to leverage our VOC technological advancements or strategic partnerships to drive significant impact across multiple aspects, from enhancing POCTs for better women's health to revolutionizing elderly care as well as expansion into smart manufacturing. We believe that the progress we have made positions us well for continued growth and success. As we move forward, we remain focused on executing our plans with precision and agility, continuously pushing the boundaries of innovation. We are excited about the opportunities ahead and we have confidence in our strategic initiatives for empowering our mission of digitizing smell across diverse scenarios. Thank you for your continued support in our journey."
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FOUR | Hot Stocks08:37 EDT Shift4 Payments to acquire Givex in all cash C$200M deal - Givex Corp. GIVXF announced that it has entered into a definitive arrangement agreement with Shift4 Payments pursuant to which Shift4 has agreed to acquire all of the issued and outstanding shares of Givex by way of a statutory plan of arrangement under the Business Corporations Act . Under the terms of the Arrangement Agreement, holders of Givex Shares will receive C$1.50 in cash for each Givex Share held , which implies an aggregate equity value for Givex of approximately C$200 M, on a fully diluted, in-the-money, treasury method basis. The Consideration represents a 64% premium to the 20-day volume-weighted average price VWAP of the Givex Shares on the Toronto Stock Exchange TSX for the period ended August 23 the last trading day prior to the announcement of the Transaction.The Givex Team looks forward to joining the Shift4 family and bring our enterprise gift card capabilities and loyalty programs to hundreds of thousands of new customers," says Don Gray, CEO of Givex. "By combining Shift4's end-to-end payment solution with our value-added engagement services, we can deliver an unparalleled package to both of our customer bases." "Givex has a considerable footprint around the world which will dramatically increase Shift4's overall customer base" states Shift4 President Taylor Lauber. "At the same time, their gift card and loyalty solutions are second to none and will add significant value for our customers, creating stickier relationships and enhancing our overall value proposition."Under the Arrangement Agreement, each of Givex and Shift4 have provided representations and warranties customary for a transaction of this nature. In addition, the Arrangement Agreement includes customary deal protection provisions, including customary provisions relating to non-solicitation of alternative transactions, subject to customary "fiduciary out" rights. Givex has also granted Shift4 a right-to-match any superior proposal for a period of five business days, and will pay a termination fee of C$7.75 million to Shift4 if the Arrangement Agreement is terminated under certain circumstances.
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SNOA | Hot Stocks08:36 EDT Sonoma, MicroSafe announce Australian TGA approval for NanoCyn extended claims - Sonoma Pharmaceuticals and its partner, the MicroSafe Group DMCC, announce that the Australian Therapeutic Goods Administration has approved extended claims for Nanocyn Disinfectant and Sanitizer, which is manufactured by Sonoma for its partner MicroSafe using Sonoma's patented Microcyn technology. Nanocyn was previously approved by the TGA and entered into The Australian Register of Therapeutic Goods with a 15 second kill time against SARS-CoV-2, and a 30 second kill time against Norovirus, Influenza A, and bacteria, such as Staphylococcus aureus, E. coli, Pseudomonas aeruginosa. The TGA has now also approved Nanocyn for use against Candida auris and Clostritium Difficile in ten minutes.
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ALIT AON | Hot Stocks08:36 EDT Alight appoints Dave Guilmette as CEO - Alight (ALIT) announced that the company's board of directors recently appointed Dave Guilmette as CEO. In addition, Guilmette will continue as vice chair of the board. As part of the company's previously disclosed succession plan, Stephan Scholl has stepped down as Alight's CEO and member of the board. He will remain with the company as an advisor for six months and continue to help advance the company's strategic initiatives. Guilmette has served on Alight's board since May. Guilmette was the former CEO of Global Health Solutions, a multi-billion-dollar division of Aon (AON).
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SCOR | Hot Stocks08:35 EDT Comscore, FreeWheel announe partnership to enhance privacy-resilient CTV - Proximic by Comscore and FreeWheel announced a partnership to support privacy-resilient ID-free audiences for CTV. The innovation will provide publishers with streamlined access to future-proofed audience monetization tools and provide buyers the ability to reach targeted audiences at scale across premium CTV content.
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LUV | Hot Stocks08:34 EDT Elliott lays out framework for change at Southwest in letter to shareholders - Elliott Investment Management, which manages funds that together have an investment representing an approximately 11% economic interest in Southwest Airlines, sent an open letter to the shareholders of Southwest. In its letter, Elliott laid out its framework for change at Southwest - a comprehensive solution that would address the company's inadequate leadership and create a transparent and credible process for reinvigorating its business. Elliott stated that it has been engaging with Southwest but that it believes that, "so long as the jobs of Kelly remain sacrosanct - and they remain empowered to make every critical decision at the Company without proper oversight from a Board that has failed for years to hold them accountable - it is preferable to give shareholders a direct say on the question of who should be leading Southwest." Further, Elliott took note of Jordan's recent rhetoric, according to which, "the culture of Southwest, which has powered its success for half a century, now seems to solely depend on the continued employment of its two top executives ... who happen to be Mr. Kelly and Mr. Jordan." Elliott wrote, "As Southwest's thousands of hard-working employees know, Southwest's culture is much bigger than these two individuals - and this culture deserves better stewards." "Instead of embracing responsible governance and a spirit of collaboration," Elliott argued, "Mr. Kelly and Mr. Jordan have resorted to entrenchment tactics - so-called "poison pills," one-off announcements of long-overdue changes, and a rushed, unilateral Board refreshment process that lacks legitimacy. This is not how company leadership demonstrates confidence in its plans and establishes credibility with shareholders; it is how failed corporate leaders attempt to preserve their own jobs and perquisites, despite the wishes of the company's constituents." "We have seen this movie before, and it rarely ends well, because there is no one more short-term-oriented at the expense of future value than a beleaguered CEO trying to preserve his or her job." Elliott wrote. Elliott said that it plans to meet with Southwest's representatives on September 9, and is hopeful that it finds "individuals on the Board willing to look past the personal interests of Mr. Jordan and Mr. Kelly in favor of what is best for Southwest and its many other constituents." "In the absence of these leaders rising to the occasion," Elliott said it is convinced that the next step will be for shareholders to have a direct say in the company's future. Reference Link
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RSTN SPGC | Hot Stocks08:34 EDT RDE appoints Steve Handy as Chief Financial Officer - RDE (RSTN) announces the appointment of Steve Handy as its Chief Financial Officer. He joins RDE from Sacks Parente Golf, Inc. (SPGC), where he was Chief Financial Officer in its Initial Public Offering.
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BNAI | Hot Stocks08:33 EDT Brand Engagement Network closes private placement, secures $50M SEPA - Brand Engagement Network has closed a private placement with existing investors to purchase shares of BEN's common stock in the aggregate amount of $5.925M. Concurrently, BEN announced that it has entered into a $50M Standby Equity Purchase Agreement with Yorkville Advisors. Together, these two transactions provide the Company with increased financial flexibility and access to capital in support of strategic growth initiatives, expanded market validation, and production scaling of its human-like, conversational AI assistants. The private placement is backed by a group of existing BEN stockholders, who agreed to purchase 1.185 million shares of common stock at $5.00 per share, materially above the current trading price of the Company's common stock. For each share purchased, investors received an additional share of common stock from certain existing stockholders of the Company. In exchange for transferring their shares to existing investors, certain transferring stockholders were issued 960,000 warrants to purchase shares of the Company's common stock at a price of $5.00 per share, and received a release from certain existing "lockup" restrictions on 1,252,500 shares of common stock owned by them. The shares of common stock will be purchased on a monthly basis through April 5, 2025. Under the terms of the SEPA, Yorkville Advisors has agreed to purchase BEN shares up to the aggregate amount of $50 million over three years. This financing structure will provide the company with access to capital on an as-needed basis to fund its business plan as it seeks to execute on its growth and revenue strategies. BEN cannot utilize the SEPA until a registration statement registered under the Securities Act of 1933, as amended, is declared effective by the Securities and Exchange Commission.
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LIXT | Hot Stocks08:32 EDT Lixte Biotechnology announces first patient dosed in trial with NKI - LIXTE Biotechnology announced the dosing of the first patient in a new clinical trial in collaboration with the Netherlands Cancer Institute, NKI, and supported by F. Hoffmann-La Roche for treatment of unresponsive metastatic colorectal cancer. As part of the clinical trial, LIXTE is providing its lead compound, LB-100, and Roche is providing atezolizumab through the imCORE Network, a global academic-industry partnership that aims to accelerate cancer immunotherapy research through institution-sponsored studies.
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SPTN K | Hot Stocks08:31 EDT SpartanNash names Erin Storm as SVP, Chief Marketing Officer - SpartanNash (SPTN) announced Erin Storm has been hired as Senior Vice President and Chief Marketing Officer. Storm will lead the marketing function, including the OwnBrands portfolio, retail marketing programs, e-commerce and digital experience, creative services, shopper insights and loyalty. Storm joins SpartanNash following an 18-year career with Kellogg's and its spin-off Kellanova (K), where she was most recently the Vice President of Commercial Strategy.
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LAES | Hot Stocks08:30 EDT Sealsq utilizes Swiss data centers to store, process data from sensors, semis - SEALSQ Corp is utilizing ultra-secure data centers in Switzerland to store and process vast amounts of data generated by its sensors and semiconductors. As IoT devices continue to collect critical information across various sectors-ranging from smart cities and consumer devices to industrial automation and smart grids-there is an increasing need for robust infrastructure capable of managing the massive datasets these devices produce. The IoT data landscape is characterized by its high volume, diverse structure, and real-time requirements. Data streams include everything from telemetry and video feeds to unstructured machine logs and environmental metrics, all of which must be processed with ultra-low latency to derive actionable insights. Switzerland's strategic push toward digital sovereignty aligns perfectly with SEALSQ's objective. The country is in the process of developing an independent digital infrastructure, the Swiss Government Cloud, slated to be operational by 2026. This investment, costing CHF 319.4 million, will not only support federal agencies but also provide a secure environment for cantons, cities, and local municipalities. Switzerland's emphasis on digital sovereignty transcends mere data protection-it focuses on harnessing data-driven innovation while maintaining control over essential digital resources. SEALSQ's adoption of this infrastructure reflects a commitment to both security and technological independence.
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GAME | Hot Stocks08:17 EDT FaZe Clan Esports announces largest ever esports tournament winnings - GameSquare Holdings announced that its wholly owned subsidiary FaZe Clan Esports had a strong showing in the 2024 Esports World Cup, receiving points in six games and two podium finishes. In total, FaZe Clan Esports won approximately $2M in prize winnings in the 2024 Esports World Cup, the Club's largest ever tournament winnings. In addition to the $1M of prize winnings across the six games, FaZe Clan finished in the top ten in four of the titles, which garnered club champion points that resulted in a sixth place overall ranking out of over 500 top teams earning an additional $1M. Taking place from July 3 to August 25 in Riyadh, Saudi Arabia, the Esports World Cup brought together the best sports clubs and players from around the globe to compete in 21 game titles for a chance to win over $60M in prizes. The prize pool was the largest prize pool ever in the history of esports, demonstrating the Esports World Cup Foundation's commitment to bring together the top esports teams and build a robust esports community. In addition to the formal competition, the Esports World Cup included eight weeks of on-the-ground activations, live entertainment, and competitions for fans.
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PCCYF | Hot Stocks08:15 EDT PetroChina says global economy expected to maintain moderate growth in 2H24 - The company said, "In the second half of 2024, the global economy is expected to maintain moderate growth and the Chinese economy will remain on an upward trend. The Company will continue to promote high-quality development and adhere to the five major development strategies: innovation, resources, market, internationalization and green and low-carbon development. It will actively respond to market changes, adjust and optimize production and operation strategies on a timely basis, and maintain safe, stable, and profitable operations across oil and gas value chains and of other businesses. The Company will further enhance its development quality and profitability, striving to create greater value for its shareholders."
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SBFM | Hot Stocks08:12 EDT Sunshine Biopharma launches nine generic prescription drugs in 2024 - Sunshine Biopharma has launched nine new generic prescription drugs year-to-date. These launches bring the total number of drugs that the Company has on the market in Canada to sixty-one. The Company's marketing and sales efforts are carried out by Nora Pharma, a wholly owned subsidiary of the Company. The new generic prescription drugs launched include Abiraterone, Clobetasol, Daptomycin, Dasatinib, Ertapenem, Hanzema, Progesterone, Rivaroxaban, and Zoledronic Acid. These new drugs address various human health areas including oncology, anti-inflammatory, antibacterial, dermatology, endocrinology, cardiovascular, and osteoporosis. These nine drugs were included in the list of "Products on the Market" provided in our recently filed 10-Q/A for the quarter ended June 30, 2024. They are currently being sold under distribution agreements instead of Nora Pharma's commonly used cross-licensing arrangements. The current marketing arrangement for these drugs may change in the future.
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ML | Hot Stocks08:12 EDT MoneyLion announces $20M stock repurchase authorization - MoneyLion I announced that its Board of Directors has authorized the repurchase of up to $20M of MoneyLion's outstanding Class A common stock .
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MIRA | Hot Stocks08:11 EDT MIRA says it achieves 100% reversal of neuropathic pain with oral Ketamir-2 - MIRA Pharmaceuticals announced a major breakthrough in the treatment of neuropathic pain. A recent pre-clinical study in rats demonstrated that its novel oral ketamine analog, Ketamir-2, produced a significant reversal of neuropathic pain, induced by nerve ligation, culminating in a 100% normalization of pain thresholds at the highest dose. This effect stands in stark contrast to traditional ketamine, which proved ineffective orally under the same experimental conditions. The study, conducted at Pharmaseed Ltd, utilized a nerve ligation model to replicate human neuropathic pain and specifically investigates mechanical allodynia. The results were compelling: low oral doses of Ketamir-2 led to a significant reversal of pain for 14 and 22 days following the operation. At higher oral dose, Ketamir-2 achieved complete normalization of the pain threshold, representing a 100% reversal of the neuropathic pain signal. These outcomes underscore Ketamir-2's superior efficacy and highlight its potential as a transformative treatment for neuropathic pain, especially compared to oral ketamine, which did not deliver significant pain relief. In light of this compelling data, MIRA Pharmaceuticals is conducting additional studies to evaluate Ketamir-2's efficacy in treating cancer-induced depression and neuropathic pain. These studies aim to explore cancer-related indications, which could pave the way for faster regulatory approvals and innovative clinical study designs. MIRA is optimistic that these efforts could demonstrate efficacy in humans as early as 2025. MIRA Pharmaceuticals continues to advance its research, focusing on scaling production and preparing for the next stages of clinical trials. The company remains committed to bringing safer and more effective treatments to market, with Ketamir-2 at the forefront of its pipeline.
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NAII | Hot Stocks08:10 EDT CarnoSyn Brands showcases TriBsyn at 46th ESPEN Congresss - Natural Alternatives International and CarnoSyn Brands will exhibit at the 46th ESPEN Congress on Clinical Nutrition & Metabolism in Milan, Italy on September 7-10, 2024. ESPEN 2024 offers a unique platform for companies to present and educate on innovative science in clinical nutrition and metabolism, fostering collaboration with physicians, dietitians, pharmacists, nutritionists, scientists, and nurses. The NAI and CarnoSyn Brands team will be available at stand #16 to discuss the latest clinical evidence of TriBsyn, a patent-pending formula that utilizes proprietary technology to increase beta-alanine bioavailability and absorption, while effectively eliminating the common paresthesia sensation associated with efficacious dosages of beta-alanine. TriBsyn provides new opportunity to reach untapped consumers from older adults to vegans and anyone focused on wellness. Congress attendees are invited to visit the stand to learn more about this new product innovation.
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VITL | Hot Stocks08:10 EDT Vital Farms hires Reena Van Hoven as Chief People Officer - Vital Farms has hired Reena Van Hoven as Chief People Officer, CPO, starting September 16, 2024. Van Hoven joins Vital Farms from food and beverage industry leader Danone North America. In the newly created CPO role, Van Hoven will lead Vital Farms' People Team overseeing Business Partnerships, Org & People Development, and Total Rewards.
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JNJ | Hot Stocks08:09 EDT Johnson & Johnson CHRO Peter Fasolo to retire, Kristen Mulholland to succeed - Johnson & Johnson announced that Peter Fasolo will retire from his position as executive VP, chief human resources officer at the end of this year, following 16 years of leadership and service to the company. He will be succeeded in this role by Kristen Mulholland. Mulholland will also be appointed as a member of Johnson & Johnson's executive committee, effective October 1. Fasolo and Mulholland will work together during a transition period until Fasolo's retirement at the end of this year.
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FPAY | Hot Stocks08:09 EDT FlexShopper partners with Terrace Finance to expand merchant opportunities - FlexShopper announces a partnership with Terrace Finance Corp. The relationship integrates FlexShopper's robust lease-to-own, LTO, services into Terrace Finance's multi-provider platform, enhancing consumer payment solution options for over 800 retail merchant locations at the end of the second quarter of 2024 with another 500 retail locations expected by the end of 2024. During the second quarter of 2024, applicants were approved for over $4.6 million of fundings. "I am excited to announce our partnership with Terrace Finance, as more and more merchants look for partners to provide expanded payment solutions to their customers," said Russ Heiser, CEO at FlexShopper. "Our partnership with Terrace Finance provides unique opportunities that align with our mission of providing flexible payment options for consumers."
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QMCO | Hot Stocks08:09 EDT Quantum implements1-for-20 reverse stock split - Quantum Corporation announced it will implement a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. The reverse stock split is intended to increase the per share trading price of its common stock to satisfy the continued listing standards of The Nasdaq Stock Market . The reverse stock split will not affect any stockholder's percentage ownership interest in the Company. At the effective time, every 20 issued shares of common stock will be converted into one share of common stock. To the extent the reverse stock results in any of the Company's stockholders being entitled to a fractional share, any such fractional share will be rounded up to the nearest whole share. The reverse stock split will reduce the number of outstanding shares of the Company's common stock from approximately 95,849,938 shares to approximately 4,792,497 shares. Proportionate adjustments will be made to the number of shares of common stock underlying the Company's outstanding equity awards, warrants, and the maximum number of shares issuable under its equity incentive plans, as well as the exercise or conversion price, as applicable. The reverse stock split will not affect the par value of the Common Stock.
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LFVN | Hot Stocks08:09 EDT LifeVantage concludes Rise Retreat in Park City, Utah - LifeVantage recently hosted its exclusive Rise Retreat in Park City, UT. The event brought together top enrolling Independent Consultants for a weekend blending leisure, adventure and strategic collaboration, with the event serving as an exclusive preview for the Company's upcoming product launch. Held from August 22-25, Rise Retreat seamlessly combined relaxation and community. Attendees also enjoyed an exclusive preview of LifeVantage's innovative weight management products, designed to activate natural production of the GLP-1 hormone, reduce food noise, and support healthy weight goals. Consultants who earned the trip were given the unique opportunity to be on the new weight management system ahead of its official launch in October. The preview encouraged collaboration, with participants brainstorming strategies to build excitement over the next six weeks, leveraging authentic stories and results to drive broader engagement within the LifeVantage community.
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GUYGF | Hot Stocks08:08 EDT G2 Goldfields reports 2024 results, files revised NI 43-101 technical report - G2 Goldfields reported its financial results for the fourth quarter and year ended May 31, 2024. Dan Noone, President and CEO, commented: "2024 was a milestone year for the Company. We raised approximately $22 million in January from AngloGold Ashanti, which was subsequently augmented by the $42 million private placement completed in August. This strong cash position will allow us to continue to advance our high grade OKO project and execute our exploration plans for our district scale land package." G2 also filed a revised independent technical report on SEDAR+, which supersedes and replaces the technical report the Company filed on May 17, 2024. The Revised Technical Report is still entitled "NI 43-101 Technical Report and Mineral Resource Estimate for the Oko Gold Property in the Co-operative Republic of Guyana, South America," with the same effective date of March 27, 2024. The date of the Revised Technical Report is June 20, 2024, and there was no change to the mineral resource estimate announced by the Company in a news release dated April 3, 2024. The Revised Technical Report was prepared to replace Figures 1.4, 14.14 and 25.4, which show the grade-tonnage curve for the Ghanie zone underground, because they inadvertently replicated the data for the open pit.
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SCPX | Hot Stocks08:08 EDT Scorpius Holdings releases letter to shareholders from CEO - Scorpius Holdings released a letter to shareholders from its CEO Jeff Wolf: "We are excited to share an update on Scorpius as we continue to position the company to take a lead role in catering to the rapidly growing biologic and cell therapy markets. Over the past several years, we have made significant investments designed to establish Scorpius as a leading biologic manufacturing CDMO. Notably, we have expanded our mammalian and microbial production capability to enable us to offer a broad range of biologic manufacturing services to our customers. Our robust investments and ongoing efforts have already resulted in a threefold increase in revenue for the first half of 2024. Our current sales pipeline now includes more than $100 million in weighted opportunities across the biopharmaceutical and government sectors... We believe that Scorpius is now exceptionally well-positioned to service new and existing clients, expand its service offering and achieve positive cash flow in the near future. Given these overarching goals, we are taking steps to align senior executive compensation with our growth objectives, contingent on meeting sales targets and booking goals. "
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ALZN | Hot Stocks08:07 EDT Alzamend Neuro executed deal to provide sufficient capital for 18 months - " We raised capital through an at-the-market sales agreement in the fourth quarter of 2023 through the first quarter of 2024, which we strategically utilized from time to time with a goal of not disrupting the market. We also entered into two separate securities purchase agreements in 2024. The first one with an entity associated with our founder and largest stockholder, pursuant to which we have received $2.1M in gross proceeds to date, and which the investor has the right to purchase up to an additional $3.9M of securities through March 31, 2025. The second agreement with an outside investor, pursuant to which we have received $7M in gross proceeds to date. Under the second agreement, the investor is obligated to purchase, subject to certain conditions, up to an additional $18M of securities through January 2026. Please see our Securities and Exchange Commission filings for additional information regarding the securities purchase agreements described above and the terms of such financing transactions," said the company's management.
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RYTM | Hot Stocks08:07 EDT Rhythm announces FDA acceptance for priority review of sNDA for IMCIVREE - Rhythm Pharmaceuticals announced that the U.S. Food and Drug Administration, FDA, has accepted the company's supplemental New Drug Application, sNDA, for IMCIVREE, a melanocortin-4 receptor agonist, for the treatment of obesity due to Bardet-Biedl syndrome or pro-opiomelanocortin, POMC, including proprotein convertase subtilisin/kexin type 1, or leptin receptor deficiency obesity in children as young as 2 years old. The FDA has granted Priority Review of the sNDA and assigned a Prescription Drug User Fee Act, PDUFA, goal date of December 26, 2024.
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IONM | Hot Stocks08:06 EDT Assure Holdings announces further extension of exchange offer - Assure Holdings has extended the expiration date of its exchange offer relating to the Company's 9% Convertible Debentures due 2023 and 2024. As a result of the extension, the Exchange Offer is now scheduled to expire at 11:59 p.m., on September 6, 2024 unless further extended. The Offer was originally scheduled to expire at 11:59 p.m. on July 19, 2024, and has been extended several times to now expire at 11:59 p.m., on September 6, 2024. Except for the extension of the Expiration Date, all of the other terms of the Offer remain as set forth in the Offer Letter dated June 21, 2024, as amended, and a Schedule TO related thereto, as filed with the U.S. Securities and Exchange Commission on June 21, 2024, as amended. As of 11:59 p.m. on August 23, 2024, approximately $2.0 million in principal face amount of Assure Convertible Debentures have been tendered into the Offer.
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SSKN | Hot Stocks08:05 EDT Strata Skin files complaint against LaserOptek, MLS, Pinnacle - STRATA Skin Sciences has filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania against LaserOptek America, Monarch Aesthetic Services, Inc. d/b/a Monarch Laser Services, MLS, and The Pinnacle Health Group, collectively referred to as the "Defendants" citing unfair competition under federal and state laws regarding the marketing and sales of competitive laser devices. In its complaint, STRATA alleges false advertising and unfair competition under the Lanham Act and related state laws with regard to the marketing and sale of the Pallas lasers in the U.S. by the Defendants. Specifically, STRATA claims that: The Defendants have intentionally misrepresented the nature, characteristics, and qualities of the solid-state Pallas lasers by falsely stating to current and potential dermatology practice customers; LaserOptek and MLS have also made knowingly false and misleading statements regarding the technological, functional, and clinical equivalence and/or superiority of the solid-state Pallas lasers; LaserOptek and MLS have relied on LaserOptek's clearance from the Food and Drug Administration to make inherently misleading and false statements regarding the technological, functional, or clinical equivalence of the solid-state Pallas lasers as compared to STRATA's excimer lasers; The Defendants' conduct is causing ongoing harm to the public interest by encouraging the fraudulent use of reimbursement codes, causing purchasers and users of the Pallas lasers to experience probable denials of insurance reimbursement, and causing patients to be treated for psoriasis using Pallas lasers.
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GMGI | Hot Stocks08:05 EDT Meridianbet shortlisted for sports betting, iGaming license in Brazil - Golden Matrix Group announced that its subsidiary, Meridianbet, has been shortlisted for an exclusive sports betting and iGaming license in Brazil. The application, filed under request number 56.195.600/0001-07, positions Meridianbet among a select group of global operators who will be part of one of the most anticipated market launches in the global sports betting and iGaming industry. The window for prioritized license applications in Brazil closed on August 20, 2024, with a total of 113 operators submitting their applications ahead of the deadline. By securing its place in this priority group, Meridianbet has ensured that its license will be processed by January 1, 2025, which is the forecasted launch date for Brazil's legal sports betting and iGaming market.
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SMLR | Hot Stocks08:04 EDT Semler Scientific announces additional bitcoin purchases - Semler Scientific announced that it has purchased an additional 83 bitcoins for $5M in cash, inclusive of fees and expenses. As of August 26, Semler Scientific holds a total of 1,012 bitcoins, which were acquired for $68M, inclusive of fees and expenses.
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MCK | Hot Stocks08:03 EDT McKesson to acquire controlling interest in Core Ventures for $2.49B in cash - McKesson announced that it signed a definitive agreement to acquire a controlling interest in Community Oncology Revitalization Enterprise Ventures, or Core Ventures. Core Ventures, a business and administrative services organization, was established by Florida Cancer Specialists & Research Institute, a physician-owned community oncology practice. FCS physicians will continue to retain a minority interest in Core Ventures. McKesson will purchase its controlling interest for approximately $2.49B in cash, which will represent approximately 70% ownership. Following completion of the transaction, Core Ventures will be part of the Oncology platform, and financial results will be reported within McKesson's US Pharmaceutical segment. The transaction is subject to customary closing conditions, including necessary regulatory clearances. Following the close of the transaction, FCS, a practice with more than 250 physicians and 280 advanced practice providers, across nearly 100 locations in Florida, will remain independently owned and FCS will join McKesson's The US Oncology Network.
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DARE | Hot Stocks08:03 EDT Dare Bioscience announces publication in The Journal of Sexual Medicine - Dare Bioscience announced that safety and tolerability data from the exploratory Phase 2b RESPOND clinical study of Sildenafil Cream, 3.6%, an investigational topical cream formulation of sildenafil being developed as an on-demand treatment for female sexual arousal disorder, FSAD, has been published by The Journal of Sexual Medicine. "We were very pleased to see a favorable safety and tolerability profile from both patients and their partners in this study," said Sabrina Martucci Johnson, President and CEO of Dare Bioscience. "This is a particularly robust safety dataset since it includes assessments of both the participants and their partners." The exploratory Phase 2b RESPOND study evaluated the systemic and local genital safety of Sildenafil Cream, 3.6%, or Sildenafil Cream, among healthy premenopausal women with FSAD and their sexual partners over a 12-week treatment period. Study data demonstrate that Sildenafil Cream was safe and well tolerated among users and their exposed sexual partners.
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ILAG | Hot Stocks08:02 EDT Intelligent Living Application Group, Specifix enter cooperation agreement - Intelligent Living Application Group announced that, on August 26, the company entered into a strategic cooperation agreement with Specifix Limited, one of the leading companies in artificial intelligence assisted robotics research and development in Hong Kong.
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NNDM DM | Hot Stocks08:02 EDT Nano Dimension clears HSR for acquisition of Desktop Metal - Nano Dimension (NNDM) announced that the waiting period under the United States Department of Justice Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired in connection with its definitive agreement to acquire Desktop Metal (DM). The HSR Act is a U.S. federal law that requires companies to notify the Federal Trade Commission and the DOJ about certain proposed mergers and acquisitions and observe a waiting period prior to close, which provides the U.S. antitrust authorities the opportunity to review the transaction. As a result of the expiration of the waiting period, no further regulatory review by U.S. antitrust authorities is required in connection with the acquisition. While the deal continues to be subject to the satisfaction of other customary closing conditions, this is a notable step that keeps Nano Dimension and DM's previously announced Q4/2024 closing timeline on schedule.
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CLBK | Hot Stocks07:57 EDT Columbia Financial receives regulatory approval for Freehold Bank merger - Columbia Financial announced that Columbia Bank has received the requisite regulatory approval from the Office of the Comptroller of the Currency necessary to merge Freehold Bank with and into Columbia Bank. The transaction is expected to be completed on October 5, 2024, which is also the anticipated systems conversion date for the merger. The closing of the merger is subject to customary closing conditions.
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VCEL | Hot Stocks07:47 EDT Vericel announces FDA approval, commercial availability of MACI Arthro - Vericel announced that the U.S. Food and Drug Administration has approved a supplemental Biologics License Application. expanding the MACI label to include arthroscopic delivery of MACI to repair symptomatic single or multiple full-thickness cartilage defects of the knee up to 4 cm2 in size. MACI Arthro provides a less invasive technique compared to the current approach, allowing surgeons to evaluate and prepare the defect site as well as deliver the MACI implant through small incisions using custom-designed MACI Arthro instruments. In conjunction with the launch of MACI Arthro, Vericel is expanding its target surgeon base from 5,000 to 7,000 to include surgeons that perform high volumes of cartilage repair surgeries, predominantly through arthroscopic procedures.
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NNVC | Hot Stocks07:42 EDT NanoViricides investigating MEURI protocol for using NV-387 to treat MPOX - NanoViricides reports that it is investigating the possibility of using NV-387 for the treatment of MPOX patients under the WHO MEURI protocol, in light of the recent WHO PHEIC declaration for the current 2024 MPOX outbreak that is rapidly spreading into more than ten countries in Africa with additional cases detected in Thailand and Sweden. MEURI, i.e. Monitored Emergency Use of Unregistered and Investigational Interventions, is an ethical protocol developed by the World Health Organization to evaluate the potential use of experimental drugs in the event of public health emergencies. The Company believes that the MEURI protocol may be applicable for the evaluation of NV-387 for the treatment of MPOX infection in patients. NV-387 has completed Phase I clinical trial for safety and tolerability studies in healthy subjects with no adverse events reported indicating excellent safety and tolerability. NV-387 has demonstrated strong improvement in survival in animal model studies matching that of the currently approved drug, tecovirimat, indicating excellent effectiveness. MPOX Clade 1/1b require development of new therapeutics due to limitations of existing therapies. Additionally, the Company has also found that NV-387 was superior to or equivalent to existing drugs in non-clinical animal trials in the case of three major classes of respiratory viruses: RSV, Influenza, and COVID; the so-called "triple-demic" respiratory viruses. The Company believes that NV-387, as a single broad-spectrum antiviral drug that can treat a large number of viruses, could be as revolutionary for the treatment of viral infections as penicillin was to bacterial infections, when its effectiveness is proven in human clinical trials. NV-387, the Company's novel broad-spectrum antiviral treatment was found in an animal model study emulating the direct skin infection by the virus to be as effective as the current approved drug tecovirimat. Direct skin infection is thought to be the major mode of transmission of the MPOX virus in the current epidemic of MPOX Clade 1 and Clade 1b, just as it was found to be the main mode of transmission in the 2022 MPOX epidemic of Clade 2. In this lethal animal model virus infection study, oral treatment with NV-387 led to the same extent of increase in survival as oral treatment with tecovirimat. Additionally, treatment with the Company's formulation containing both NV-387 and tecovirimat, called NV-387-m-T, led to a much greater improvement in survival than either NV-387 or tecovirimat. Increase in survival is a quantitative indicator of effectiveness of the treatment in this model. In this study, mice were lethally infected with the ectromelia virus, intradigitally by scoring skin on footpads. This model emulates direct infection of the virus by skin abrasion. It is believed that direct skin-to-skin contact is the dominant mode of transmission of MPOX in the current 2024 MPOX Clade 1/1b global public health emergency, as it was in the 2022 MPOX Clade 2 epidemic. Mice in different groups were were treated orally with tecovirimat, NV-387, or NV-387-m-T, or vehicle. Ectromelia virus is in the same class as smallpox and mpox viruses, and has been used as a validated model for orthopoxvirus drug development. NV-387 acts by a novel mechanism that the Company calls "Re-Infection Inhibition", meaning the drug blocks the virus from being able to infect cells in the first place, a mechanism which is distinctly different from that of neutralizing antibodies or entry inhibitors. Tecovirimat, on the other hand, inhibits the release of the virus particles after they have already made thousands of copies in a cell. These mechanisms are complimentary to each other, leading to enhanced effect when both drugs are used simultaneously. The Company developed a special oral formulation for being able to deliver both drugs simultaneously, called NV-387-m-T.
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ESKYF | Hot Stocks07:39 EDT Eskay Mining announces completion of summer exploration program - Eskay Mining announced that its summer exploration program, as reported in a Company press release dated June 24th, 2024, has been completed. Geologist Ken McNaughton, leader of the team at Pretium Resources during the discovery of the Brucejack deposit, led Eskay's 2024 program and reported that he and his team are pleased that much of this summer's ground truthing has led to significant insight into the property's potential as well as targets for future drilling and other exploration. McNaughton and team explored areas including Storie Creek, Scarlett Knob, Tarn Lake south to Tarn Creek, C-10 extending along the margin of Mandy Glacier, Vermillion and areas parallel to Mandy Creek, Maroon Cliffs, SIB/Lulu, TV, Cumberland and Ted Morris. Particular focus was given to ground review of historical high grade rock chip samples. During the summer program, 363 rock samples were collected and submitted to the laboratory for analysis. Assay results are expected back by early September and are anticipated to aid in identifying future drilling targets. The Company, pending completion of its database update, expects to engage an independent resource modeler to prepare a maiden resource estimate for its 100% controlled TV, Jeff and SIB/ Lulu deposits. Mac Balkam, CEO & President of Eskay Mining, stated, "Because of the recent depressed market for mineral exploration companies, we decided to be financially prudent and hold off on undertaking a drill program this season. McNaughton's team, with the new data gained from this summer's program, thinks that Eskay Mining can pursue an aggressive exploration and drilling program in 2025 once capital markets have improved. Our keen financial management has left us in the strong position of having over $2.5 million in cash, cashable instruments and government resource credits at a time when the exploration industry is generally cash starved."
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HLMN | Hot Stocks07:38 EDT Hillman Solutions acquires Intex DIY - Hillman Solutions announced that it has acquired Intex DIY. This acquisition expands Hillman's Protective Solutions business, which includes America's best-selling work glove, Firm Grip, as well as other consumer favorites like Gorilla Grip, Grease Monkey, AWP and Digz. Additionally, Hillman recently entered into a new partnership with Kontoor Brands to launch work gloves under the popular Wrangler brand, which Hillman expects to roll out in 2025.
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EUMNF | Hot Stocks07:37 EDT Euro Manganese announces offtake term sheet with Blue Grass Chemical - Euro Manganese has entered into an offtake term sheet with Blue Grass Chemical Specialties dated August 23, 2024 for the sale of high-purity manganese metal from the Company's Chvaletice Manganese Project in the Czech Republic. Based in New Albany, Indiana, Blue Grass Chemical has over five decades of experience in producing specialty chemicals in numerous industries. It produces manganese nitrate as a precursor to manganese dioxide and other manganese oxides which are critical components in battery production, particularly lithium-ion batteries, powering everything from electric vehicles to portable electronic devices. High-quality manganese nitrate plays an important role in the performance and longevity of these batteries. Highlights: The Company and Blue Grass Chemical intend to enter an offtake agreement, in which the pricing mechanism and tonnages will become binding. Offtake tonnages represent a portion of the Project's planned high-purity electrolytic manganese metal production. Pricing in the Term Sheet is designed to meet the Project's debt finance banking covenants. The Term Sheet demonstrates the value of producing both high-purity manganese metal and sulphate at Chvaletice and the ability to meet the needs of a larger and more diverse customer base. The specifications of the Demonstration Plant product recently produced and tested by third-party laboratories meet the required specifications shared by Blue Grass. Deliveries are to commence from first production, ramping up with the Project's production capacity, for an initial term of seven years with potential for renewals. The commencement of the initial term will be subject to successful qualification of the Company's HPEMM in Blue Grass Chemical's supply chain. The qualification process shall commence with HPEMM from the Project's Demonstration Plant, a sample is now under evaluation by Blue Grass. Pricing for the Project's HPEMM will be on a take or pay basis, based on an index-adjusted western benchmark price. The western benchmark price represents HPEMM with the following attributes: high quality, secure, traceable, western supply source e.g. not from a foreign entity of concern which is important from an Inflation Reduction Act compliance perspective, and market leading ESG credentials, including a low CO2 footprint. The price is intended to be linked to the movement of a published index for high purity manganese sulphate monohydrate, over a rolling three-month quotational period, as there is no current published market index for HPEMM.
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ELAB | Hot Stocks07:37 EDT Elevai's Elevai Skincare announces data results from Elevai Enfinity study - Elevai Labs announces the completion of a clinical study examining the effectiveness of Elevai exosomes on facial appearance. The data, pending peer review, from the clinical study was internally reviewed by the Company, and the results show Elevai enfinity to be safe and tolerable with significant improvement noted across many aspects of skin appearance. Elevai aims to publish the full study results in the near future. The study assessed the use of twice-daily Elevai enfinity on 29 study participants over a 12-week period, to determine the efficacy on facial appearance, including measurements like facial firmness, skin tone, wrinkles and smoothness. The study investigated healthy subjects between 40-70 years of age with mild to moderate facial photoaging and sensitive skin.
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DRQ | Hot Stocks07:36 EDT Dril-Quip and Innovex announce withdrawal of charter amendment proposal - Dril-Quip announced that the parties have agreed to waive the condition to the consummation of Dril-Quip's proposed merger with Innovex requiring the approval of the amendment of Dril-Quip's restated certificate of incorporation . In addition, Dril-Quip and Innovex have agreed to withdraw the submission of the charter amendment proposal or Proposal No. 2, and the related non-binding governance proposals to Dril-Quip stockholders at the special meeting of Dril-Quip's stockholders to be held on September 5. These actions eliminate the requirement that stockholders approve the charter amendment, which provided for certain post-closing governance related matters, as a condition to the closing of the merger. Accordingly, Dril-Quip's stockholders will no longer be asked to vote to approve Proposals 2 and 3, relating to the charter amendment, as set forth in Dril-Quip's proxy statement/prospectus dated August 6, in connection with the upcoming stockholder meeting to be held on September 5... We remain confident that this merger will create significant value for all stakeholders, and we look forward to continuing to work towards a successful close." The proposed merger remains on track, and Dril-Quip and Innovex are committed to completing the merger. The Dril-Quip Board unanimously recommends that Dril-Quip stockholders vote "FOR" each of the remaining proposals to be considered at the special meeting, which will be held on Thursday, September 5.
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BBIO | Hot Stocks07:34 EDT BridgeBio announces initiation of scientific collaboration with CarDS Lab - BridgeBio Pharma announced the initiation of a scientific collaboration with the CarDS Lab, led by cardiologist-data scientist, Rohan Khera, M.D., M.S. at Yale School of Medicine, to help address the underdiagnosis of ATTR-CM. The TRACE-AI Network Study will be deployed as a novel paradigm of large-scale federated screening for ATTR-CM that harnesses a central repository of validated AI tools across multiple participating sites to evaluate the scale of ATTR-CM underdiagnosis across the U.S.
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AHCO QRTEA | Hot Stocks07:33 EDT AdaptHealth appoints Scott Barnhart as COO - AdaptHealth (AHCO) announced that Scott Barnhart has been appointed as COO, effective September 23. Barnhart has more than 30 years of leadership experience in global operations including supply chain management, manufacturing, procurement, logistics, customer service and product portfolio management. Most recently, he served as COO of Qurate Retail (QRTEA).
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VVX | Hot Stocks07:32 EDT V2X awarded $747M IDIQ contract - V2X announces that it has been awarded a single award indefinite-delivery/indefinite-quantity contract valued at $747M. The F-5 aircraft play a crucial role in training naval pilots by providing adversary combat tactics and simulation capabilities. V2X will be responsible for delivering critical support and operational readiness of the F-5 Adversary aircraft. The work will encompass multiple locations across the United States. Under this firm-fixed price contract, the comprehensive scope of services is projected to continue through November 2028 on the base contract, with three one-year options that could extend through November 2031, bringing the overall contract value to more than $747M.
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EVRG OGE | Hot Stocks07:29 EDT Evergy appoints W. Bryan Buckler as CFO - Evergy (EVRG) announced W. Bryan Buckler will become the company's executive vice president and chief financial officer, effective October 1. As chief financial officer, Buckler will be responsible for Evergy's corporate finance functions, including treasury, accounting, planning, tax, internal audit, capital allocation and investor relations. Buckler, 51, joins Evergy from OGE Energy (OGE). Geoff Ley will continue to serve as Evergy's acting chief financial officer until September 30, when he will transition the chief financial officer role and retain his role as treasurer and vice president of corporate planning.
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TLRY | Hot Stocks07:12 EDT Tilray's Breckenridge Brewery announces latest concert series - Breckenridge Brewery announced the next On Tap concert series in partnership with 97.3 KBCO and live music by Kaleo, along with Hippo Campus and Cassandra Lewis. The On Tap concert taking place on Saturday, October 12, 2024, will be an unforgettable night at Breckenridge Brewery's scenic farmhouse in Littleton, Colorado. Proceeds from the event will support Project C.U.R.E., an organization dedicated to providing medical supplies and equipment to those in need across the globe. Founded in Evergreen, Colorado, Project C.U.R.E. has grown to be the largest provider of donated medical resources, with an impressive network of volunteers and minimal overhead costs.
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TLN | Hot Stocks07:11 EDT Talen Energy receives escrowed funds for Cumulus data center campus transaction - Talen Energy announced that development planning milestones contained in its previously announced agreement with Amazon Web Services for the purchase of the Cumulus data center campus have been met. Cumulus Digital has now received all funds previously held in escrow under the terms of the transaction. "We are pleased to announce that the $300 million escrowed portion of the Cumulus data center campus purchase price was released from escrow and paid to Talen on Friday, August 23, after completion of milestones that allow for development of the AWS campus to 960 MW of power consumption," said Cole Muller, General Manager of Cumulus Digital. "We continue to make progress on our collaboration with AWS and look forward to executing on power sales under the PPA."
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SACH | Hot Stocks07:10 EDT Sachem Capital appoints Walraven to board of directors - Sachem Capital announced that its Board of Directors has appointed Jeffery Walraven to the Board, effective August 21, 2024. Walraven will also stand for election at the Company's 2024 Annual Meeting of Shareholders. Walraven is Co-Founder and Chief Operating Officer of Freehold Properties.
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HMDPF | Hot Stocks07:10 EDT Hammond Power Solutions increases planned capital program - Hammond Power Solutions announced its intention to increase its planned capital program by approximately C$20 million over two years. This new expansion will support Hammond's power transformer portfolio of large, high-power transformers which are widely used in several commercial and industrial markets. With this expansion, Hammond will shorten wait times and enhance our North American delivery platform.
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ELYM | Hot Stocks07:09 EDT Eliem Therapeutics appoints Kaplan as COO, Rampal as SVP, Clinical Development - Eliem Therapeutics announced the appointments of Brett Kaplan, M.D., as Chief Operating Officer, COO, and Nishi Rampal, M.D., as Senior Vice President, SVP, Clinical Development. Before joining Eliem, Dr. Kaplan served as President, Chief Financial and Corporate Development Officer at Chroma Medicine. Prior to Eliem, Dr. Rampal was the Executive Director Clinical Development at Horizon Therapeutics.
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ORAAF | Hot Stocks07:09 EDT Aura withdraws projection to reach 450,000 GEO annualized by end of 2025 - Aura Minerals announces an update to its long-term production guidance. With the recent acquisitions of the Pezao and Pe Quente mining rights, in addition to the ongoing exploration works at the Serrinhas and X2 targets, the Company expects a significant increase in the geological potential of the region where Aura plans to develop the Matupa project. As a result, the Company, aiming to maximize the return on its investments, has decided to temporarily postpone the commencement of construction of the Matupa project while advancing geological knowledge of the new targets to gain better visibility of the Project's potential. With the decision to postpone the start of construction of Matupa, Aura withdraws its projection to reach 450,000 ounces of gold equivalent annualized by the end of 2025. The Company emphasizes that this decision is based on the potential expansion of the Matupa project, which reinforces the Company's plan not only to achieve but to exceed the 450,000 annual GEO production target in the coming years. Aura remains focused on its initiatives to increase productivity and efficiency across its assets, such as the capacity expansion at the Almas mine, which began production in August 2023 with a capacity of 1.3 million tons and is currently operating at a capacity of 1.5 million tons, with the expectation to reach 1.8 million tons already in 2025. The Company is also focused on the construction of the Borborema project, which is expected to start production in the first quarter of 2025. Rodrigo Barbosa commented: "The decision to postpone the Matupa construction reflects our strategy of maximizing the returns on the invested capital. We recognize the significant geological potential of the region, which could substantially increase returns of the Project to our shareholders. At the same time, we reaffirm our commitment to the plan of exceeding 450,000 GEO production in the medium term, continuing to advance both in the implementation of Matupa and in the optimization of our existing assets, as well as in the evaluation of potential acquisitions."
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OCGN | Hot Stocks07:08 EDT Ocugen announces Health Canada sent "No Objection Letter" for OCU400 trial - Ocugen announced that Health Canada provided a "No Objection Letter" to initiate the OCU400 Phase 3 liMeliGhT clinical trial in Canada. OCU400 is a modifier gene therapy product candidate being developed for retinitis pigmentosa. "Expanding the clinical trial to Canada is significant as it will provide an opportunity to reach a broader patient population encompassing many gene mutations associated with RP," said Dr. Shankar Musunuri, Chairman, CEO, and Co-Founder of Ocugen. "The Health Canada trial will run in parallel with the U.S. FDA trial, expediting the ability to potentially provide a gene-agnostic treatment option to approximately 110,000 patients in the United States and Canada."
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AROC | Hot Stocks07:07 EDT Archrock announces early results of initial settlement date for tender offer - Archrock announced that it had received tenders for an aggregate principal amount of approximately $312.3 million of its outstanding 6.875% Senior Unsecured Notes due 2027 in its previously announced cash tender offer to purchase up to $200 million aggregate principal amount of the $500 million aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City time, on August 23, 2024, as well as the initial settlement date for the offer on August 26, 2024. The offer will expire at 5:00 p.m., New York City Time, on September 10, 2024, unless extended or earlier terminated. The withdrawal deadline for validly tendered Notes was 5:00 p.m., New York City time, on August 23, 2024.
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REGN | Hot Stocks07:06 EDT Regeneron announces EC approved Ordspono for adults - Regeneron Pharmaceuticals announced that the European Commission, EC, has approved Ordspono to treat adult patients with relapsed or refractory follicular lymphoma or R/R diffuse large B-cell lymphoma, DLBCL, after two or more lines of systemic therapy. This marks the first regulatory approval of Ordspono in the world for these patients. Ordspono is a bispecific antibody that acts by linking the lymphoma cell to a killer T cell. The approval is based on results from the Phase 1 ELM-1 and pivotal Phase 2 ELM-2 trials, which demonstrated robust, durable response rates in adults with R/R FL or R/R DLBCL: In R/R FL, results from ELM-2 as assessed by an independent review committee showed an objective response rate of 80%, with 73% achieving a complete response. Among complete responders, the median duration of response was 25 months. In R/R DLBCL, results from ELM-2 in patients who were CAR-T therapy naive, as assessed by an IRC showed 52% ORR, with 31% achieving a CR. Among complete responders the median DoR was 18 months. results from ELM-1 in patients who had progressed after CAR-T therapy, as assessed by an IRC showed 48% ORR, with 32% achieving a CR. Among responders, the median DoR was 15 months. The most common adverse reactions were cytokine release syndrome, neutropenia, pyrexia, anemia, thrombocytopenia, diarrhea and COVID-19. The most common serious adverse reactions were CRS, pneumonia, COVID-19 and pyrexia. Ordspono can cause serious or fatal infections, and CRS, which may be serious or life-threatening.
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MNDY | Hot Stocks07:05 EDT Monday.com reaches $1B milestone in annual recurring revenue - monday.com announced that it has reached $1B in annual recurring revenue or ARR. The company recently achieved this significant financial milestone, just a decade after it launched its Work Operating System or Work OS,and eight years since it reached $1M in ARR.... "Hitting $1 billion in ARR is an exciting milestone on our journey to take on the immense opportunity in the work software industry. We believe software can be both a platform that people love and an effective way to solve core business challenges in a scalable and robust way. We wouldn't have achieved this without our dedicated monday.com team, partners, and customers." .
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GOGO | Hot Stocks07:04 EDT Gogo announces partnership with Skyservice Business Aviation - Gogo Business Aviation announced a partnership with Skyservice Business Aviation, a North American leader in business aviation, to develop Supplemental Type Certificates from Transport Canada Civil Aviation and the Federal Aviation Administration for Gogo 5G on six aircraft models. Gogo 5G will provide North American operators with enhanced air-to-ground inflight entertainment and connectivity, bolstered by a network of more than 159 sites, 9 of which are located in Canada, as Gogo continues to expand its 5G Canadian coverage.
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SEDG | Hot Stocks07:04 EDT SolarEdge CEO Zvi Lando steps down, Ronen Faier named interim CEO - SolarEdge announced that Zvi Lando has stepped down as SolarEdge's CEO. The company's board of directors has initiated a search for a new CEO with the support of a leading global executive search firm, and has appointed Ronen Faier, previously CFO, to serve as interim CEO, effective immediately. Zvi Lando will remain a member of the board of directors. He will also serve as an advisor to the management team to support the leadership transition. In conjunction with this transition and as part of the company's CFO transition plan, the board of directors has appointed Ariel Porat, formerly the company's senior VP of finance, to serve as CFO, effective immediately.
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ABXXF | Hot Stocks07:04 EDT Abaxx Technologies files early warning report with respect to MineHub - Abaxx Technologies has filed an early warning report in respect of MineHub Technologies. On August 23, 2024, pursuant to a share exchange agreement between Abaxx and MineHub dated July 31, 2024, Abaxx completed a first tranche closing and acquired 4,166,677 common shares of MineHub and 8,333,333 common share purchase warrants of MineHub. Each Warrant entitles Abaxx to acquire one common share of MineHub at a price of $0.35 per Warrant Share until November 15, 2024. Immediately prior to the First Tranche Closing, Abaxx did not hold any MineHub Shares. Immediately after the First Tranche Closing, Abaxx acquired 4,166,667 Minehub Shares and 8,333,333 Warrants, representing 5.76% of the issued and outstanding MineHub Shares on an undiluted basis and 15.5% of the MineHub Shares on a partially diluted basis. The MineHub shares held by Abaxx are for investment purposes.
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RDHL | Hot Stocks07:03 EDT RedHill Biopharma's opaganib granted FDA orphan drug designation - RedHill Biopharma announced that the U.S. FDA has granted orphan-drug designation to opaganib for treatment of neuroblastoma, a type of childhood cancer that develops from immature nerve cells and accounts for 15% of all pediatric cancer-related deaths. Orphan Drug designation provides for a seven-year marketing exclusivity period should opaganib be approved in neuroblastoma and may confer additional benefits such as accelerated development and review times, potential grant funding and possible tax credits.
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RGEN | Hot Stocks07:02 EDT Repligen to present at Wells Fargo Conferences - Repligen Corporation announced that it will be presenting at the Wells Fargo Healthcare Conference being held September 4-6 in Boston. Olivier Loeillot, President and Chief Executive Officer will participate in an analyst-led discussion on Friday, September 6.
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EUMNF | Hot Stocks07:02 EDT Euro Manganese engages ICP Securities for automated market making services - Euro Manganese has engaged the services of ICP Securities to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under terms of the agreement, ICP will be paid a monthly fee of C$7,500. The agreement between the Company and ICP was signed with a start date of August 26, 2024, and is for three months and shall be automatically renewed for subsequent one month terms unless either party provides at least thirty days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no other forms of equity based compensation granted in connection with the Agreement. ICP and its clients may choose to acquire an interest in the securities of the Company in the future. This appointment is subject to TSXV approval. ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.
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TNXP | Hot Stocks07:02 EDT Tonix Pharmaceuticals, Bilthoven announce collaboration to advance TNX-801 - Tonix Pharmaceuticals and Bilthoven Biologicals announced a collaboration to advance TNX-801, Tonix's mpox vaccine candidate. TNX-801 is a live replicating, attenuated virus vaccine based on horsepox in preclinical development to prevent mpox and smallpox. "The recent mpox outbreak exemplifies precisely why we built the pandemic preparedness facility at BBio," said Jurgen Kwik, Chief Executive Officer of Bilthoven Biologicals. "The establishment of the 'ever-warm' facility for pandemic preparedness underscores the critical importance of readiness in the face of global health emergencies, such as mpox. This collaboration encapsulates the essential role of the facility in bolstering pandemic preparedness and response capabilities."
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JBT | Hot Stocks06:51 EDT JBT Corp. announces extension of voluntary takeover offer for Marel hf. shares - JBT Corporation announced that the Financial Supervisory Authority of the Central Bank of Iceland has granted an extension of the expiration of JBT's voluntary takeover offer to acquire all issued and outstanding shares of Marel hf. The extension was granted as JBT and Marel continue to pursue the requisite regulatory approvals to close the transaction. The voluntary takeover offer, which was initially scheduled to expire on September 2, 2024, will now expire on the earliest date to occur of either November 11, 2024, or three weeks after the date on which all required regulatory clearances are secured, unless such offer period is further extended in accordance with applicable laws and the terms of the definitive agreement between JBT and Marel. JBT intends to issue a press release promptly following receipt of all required regulatory clearances. Additionally, shareholders that have previously tendered their Marel shares do not need to re-tender their Marel shares or take any other action in response to the extension of the voluntary takeover offer.
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GPMT | Hot Stocks06:48 EDT Granite Point Mortgage CFO Marcin Urbaszek to step down, Blake Johnson succeeds - Granite Point Mortgage Trust announced that Blake Johnson will be appointed CFO, effective December 1, 2024. Johnson will join the company no later than October 28, 2024, as Deputy CFO before assuming the CFO role. This appointment follows Marcin Urbaszek, the company's current CFO, submitting a letter of resignation to the company's Board of Directors notifying it of his intention to step down from his position to pursue a professional opportunity with a global financial institution. Urbaszek will remain with Granite Point until Johnson's official appointment as CFO in December to facilitate a smooth transition.
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MRK | Hot Stocks06:46 EDT Merck receives EC approval for WINREVAIR in combo with PAH therapies - Merck announced that the European Commission has approved WINREVAIR in combination with other pulmonary arterial hypertension therapies, for the treatment of PAH in adult patients with World Health Organization Functional Class II to III, to improve exercise capacity. WINREVAIR is the first and only activin signaling inhibitor therapy for PAH approved in all 27 member states of the EU, as well as Iceland, Liechtenstein and Norway. WINREVAIR works by improving the balance between pro- and anti-proliferative signaling to regulate vascular cell proliferation underlying PAH. The EC approval of WINREVAIR is based on safety and efficacy results from the Phase 3 STELLAR trial.
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UBER | Hot Stocks06:37 EDT Uber fined EUR 290M by Dutch Data Protection Authority - The Dutch Data Protection Authority imposed a fine of EUR 290M on Uber. The agency found that Uber transferred personal data of European taxi drivers to the United States and "failed to appropriately safeguard the data with regard to these transfers." According to the Dutch DPA, "this constitutes a serious violation of the General Data Protection Regulation." The agency says Uber has ended the violation. Reference Link
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DQ | Hot Stocks06:37 EDT Daqo New Energy sees Q3 polysilicon production 43,000-46,000 MT - The company said, "In light of the current market condition and pricing, the Company has adjusted its target production utilization rate for the third quarter and production plan for the full year. The Company expects to produce approximately 43,000 MT to 46,000 MT of polysilicon during the third quarter of 2024. The Company expects to produce approximately 210,000 MT to 220,000 MT of polysilicon for the full year of 2024, inclusive of the impact of the Company's annual facility maintenance."
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DXCM | Hot Stocks06:05 EDT DexCom announces Stelo now available without a prescription - DexCom announced that Stelo, the first over-the-counter glucose biosensor in the U.S., is now available for purchase without a prescription at Stelo.com.
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CODI NVST | Hot Stocks06:03 EDT Compass Diversified names Stephen Keller as CFO, replacing Ryan Faulkingham - Compass Diversified (CODI) announced that Stephen Keller has been appointed as the company's CFO, effective August 31. He will be replacing Ryan Faulkingham, who has served as the company's CFO since July 2013 and is departing the company effective August 30. Faulkingham will continue to serve in an advisory capacity in order to facilitate a seamless transition. Most recently, Keller served as Interim CFO and Vice President of Investor Relations at Envista Holdings (NVST).
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BGNE | Hot Stocks06:01 EDT BeiGene announces FDA grants Fast Track Designation to BGB-16673 - BeiGene announced that the U.S. FDA has granted Fast Track Designation to BGB-16673, an orally available investigational Bruton's tyrosine kinase targeting chimeric degradation activation compound, for adult patients with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma who have been previously treated with at least two prior lines of therapy, including BTK inhibitor and B-cell lymphoma 2 inhibitor.
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CMG | Hot Stocks05:13 EDT Chipotle teamsters to hold picket in Michigan to demand fair contract - Chipotle Teamsters will leaflet and hold an informational picket outside the company's restaurant on West Saginaw Highway in Lansing. The workers are demanding a fair contract from the corporate giant, which reported nearly $10B in revenue last year.
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REGN SNY | Hot Stocks05:11 EDT Regeneron announces latest Dupixent, itepekimab data at ERS - Regeneron (REGN) announced 20 abstracts across Dupixent and investigational therapy itepekimab will be presented at the European Respiratory Society, or ERS, Congress 2024 being held from September 7 to 11 in Vienna, Austria. These clinical and real-world abstracts presented in collaboration with Sanofi (SNY) include four oral presentations and demonstrate the potential of targeting key drivers of type 2 inflammation and other pathways to address respiratory diseases, such as COPD and asthma, and improve patient outcomes. Among the notable Dupixent presentations at ERS is a pooled analysis of the previously reported Phase 3 BOREAS and NOTUS trials in uncontrolled COPD with evidence of type 2 inflammation. In the trials, all patients were on background maximal standard-of-care inhaled therapy. BOREAS and NOTUS formed the basis of the recent European Commission approval and regulatory submissions around the world for Dupixent in certain patients with uncontrolled COPD. As shared in the abstract, the pooled analysis demonstrated that Dupixent patients experienced a 31% reduction in the annualized rate of moderate or severe COPD exacerbations over 52 weeks compared to placebo. Additional COPD data to be presented at the meeting will evaluate the impact of Dupixent on daily symptom frequency and severity, exacerbations and lung function regardless of baseline body mass index, airflow obstruction, dyspnea and exercise capacity measures. Safety results were generally consistent with the known safety profile of Dupixent in its approved indications. Adverse events more commonly observed with Dupixent compared to placebo in either COPD trial were back pain, COVID-19, diarrhea, headache and nasopharyngitis. Additionally, new research will be shared from the Phase 4 VESTIGE trial, a novel imaging study evaluating the effects of Dupixent on airway remodeling in certain adults with asthma. Two poster presentations will show new data on the 4-week impact of Dupixent treatment on airway inflammation, volume, and flow, and mucus plugging, as well as outcomes for clinical remission after 4 and 24 weeks of treatment in adults with uncontrolled moderate-to-severe asthma.
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JG | Hot Stocks05:06 EDT Aurora Mobile enters strategic agreement with Closeli - Aurora Mobile announced that it has signed a strategic agreement with Closeli. Leveraging Aurora Mobile's push notification solution JPush, the company will provide intelligent messaging services for Closeli's open cloud platform. The two companies will jointly promote the construction of the intelligent visual cloud platform and create a new user experience.
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