Stockwinners Market Radar for September 04, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

RXRX

Hot Stocks

20:02 EDT Cathie Wood's ARK Investment bought 726.5K shares of Recursion Pharmaceuticals
STT

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20:01 EDT Australia's Challenger Limited selects State Street as Custodian - The company states: "State Street announced that it has been selected by Challenger Limited, a publicly listed Australian investment management firm, to provide custody and, through State Street Alpha(R), back-, middle- and front office investment administration services, for a suite of listed and unlisted investment vehicles with A$127B in assets under management. In this new client relationship, State Street will be the custodian and investment administrator for the entire Challenger group, comprising funds management that includes the multi-affiliate platform Fidante, fixed income platform Challenger Investment Management, and Challenger Life, the leading provider of annuity products in the Australian market."
DPRO

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19:50 EDT Draganfly trading halted, news pending
BIRD

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19:50 EDT Allbirds trading halted, news pending
PAC

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19:15 EDT GAP Airports reports passenger traffic decrease of 7.4% in August - Grupo Aeroportuario del Pacifico announces preliminary terminal passenger traffic figures for August 2024, compared with August 2023. For August 2024, the total number of terminal passengers at GAP's 12 Mexican airports decreased by 7.4%, compared to August 2023. Los Cabos, Tijuana, Puerto Vallarta and Guadalajara airports presented a decrease in passenger traffic of 11.1%, 8.4%, 5.9% and 3.4%, respectively, compared to August 2023. On the other hand, Montego Bay presented a decrease in passenger traffic of 9.4%.
AVAV

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18:47 EDT AeroVironment CEO: We're excited about Q1 and the year - In an interview on CNBC's Mad Money, Wahid Nawabi said AeroVironment had a record quarter in the history of the company. The prospects for growth have "never been better," he added. The company's drones and munition systems simply perform better and are more affordable than the competition, he noted. "We continuously upgrade our systems" he said, and "deliver best in class." He expects to book several more loitering systems contracts in the coming quarters.
EQIX

Hot Stocks

18:43 EDT Equinix CFO Taylor sells 1,500 common shares - In a regulatory filing, Equinix CFO Keith Taylor disclosed the sale of 1,500 common shares of the company on September 3 at a price of $829.47 per share.
DO

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17:54 EDT Diamond Offshore CEO Woford sells almost $367K in company shares - The CEO of Diamond Offshore Bernie Wolford disclosed the sale of 26,000 shares of company stock at $14.11 per share on September 3, for a total transaction of $366,860.
AMZN...

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17:34 EDT Amazon-backed Anthropic debuts Claude for Enterprise - The company released Claude AI for big business on Wednesday. Anthropic blogged in part: "Take action with Projects. Upload relevant documents, text, code, and files to dedicated knowledge bases for Claude to use as context and background in your chats-enabling everyone to operate like an expert. Claude can reference large amounts of information for every task, Securely connect Claude to your company knowledge and empower every team with trusted AI....Sync key data sources as context for Claude. Our GitHub integration, now in beta, enables Claude to learn about your codebase to help brainstorm new features, start refactoring projects and onboard new engineers. The Fly notes that Amazon (AMZN), Google (GOOG, GOOGL) are investors in Anthropic.. Other companies in the space include: Nvidia (NVDA), Microsoft (MSFT), and Meta Platforms (META). Reference Link
NVDA

Hot Stocks

17:32 EDT Nvidia CEO sells $27.6M in common stock as part of option exercise - In a regulatory filing, Nvidia disclosed that its CEO Jen Hsun Huang sold 240K shares of common stock on August 30-September 3rd as part of option exercise in a total transaction size of $27.6M.
VZ

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17:31 EDT Verizon raises quarterly dividend to 67.75c per share from 66.5c - The Board of Directors at Verizon Communications declared a quarterly dividend of 67.75c per outstanding share, an increase of 1.25c per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10, 2024. This is the 18th consecutive year Verizon's Board has approved a quarterly dividend increase. "Our strong focus on three key pillars - wireless service revenue growth, adjusted EBITDA expansion, and free cash flow generation - has once again put the Board in a position to raise the dividend," said Chairman and CEO Hans Vestberg. "This unwavering commitment to our strategic priorities, combined with our consistently disciplined financial management and our dedication to serving our customers with the best in mobility and broadband, continue to position us well for future growth."
PW

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17:24 EDT Power REIT discloses NYSE listing compliance notice - Power REIT announced that on September 3, 2024, Power REIT received a written notice from the NYSE Regulation of NYSE American LLC stating that the Trust is not in compliance with the continued listing standards of the Exchange because the Trust is below compliance with Section 1003(a)(i) of the NYSE American Company Guide, requiring a stockholders' equity of $2.0 million or more if it has reported losses from continuing operations and/or net losses in two of its three most recent fiscal years, as a result of the Trust's reported stockholders' equity of $322,626 at June 30, 2024 and losses from continuing operations and/or net losses in two of its three most recent fiscal years ended December 31, 2023. The Trust is also not currently eligible for any exemption in Section 1003(a) of the Company Guide from the stockholders' equity requirements.
GOOG GOOGL

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17:22 EDT Google unveils new Android 15 features, will roll out to Pixel later in 2024 - Google unveiled new Android 15 features, including, "Hear detailed audio descriptions of images - now powered by Gemini... TalkBack, Android's screen reader that is designed for people who are blind or have low vision, will now make digital images even more accessible with detailed audio descriptions powered by Gemini models on supported devices. Whether you're looking at online product images, photos in your camera roll, pictures in text messages or images of what's happening on social media, Android's screen reader uses the best of Google AI to bring images to life.Search music you hear in the moment with Circle to Search... Instantly search the songs you hear without switching apps. Whether it's a song playing on social media from your phone or music that's playing from speakers near you, just long press the Home button or navigation bar to activate Circle to Search, then tap the music button to identify the track name, artist and even open a YouTube video to explore more - then get right back to what you're doing...And stay tuned for more updates as Android 15 rolls out to more devices later this year including Pixel and other devices," Google stated, in part, in a blog post. Reference Link
GOOG GOOGL

Hot Stocks

17:11 EDT Google uinveils Android 15 features, rolls out to Pixel later in 2024 - Google uinveils Android 15 features including: "Hear detailed audio descriptions of images - now powered by Gemini...TalkBack, Android's screen reader that is designed for people who are blind or have low vision, will now make digital images even more accessible with detailed audio descriptions powered by Gemini models on supported devices. Whether you're looking at online product images, photos in your camera roll, pictures in text messages or images of what's happening on social media, Android's screen reader uses the best of Google AI to bring images to life.Search music you hear in the moment with Circle to Search,,,Instantly search the songs you hear without switching apps. Whether it's a song playing on social media from your phone or music that's playing from speakers near you, just long press the Home button or navigation bar to activate Circle to Search, then tap the music button to identify the track name, artist and even open a YouTube video to explore more - then get right back to what you're doing...And stay tuned for more updates as Android 15 rolls out to more devices later this year including Pixel and other devices." noted Google, in part, in an earlier blog posting. Reference Link
RTX

Hot Stocks

17:09 EDT RTX awarded $111.88M Navy contract modification - RTX was awarded a $111.88M contract modification to a previously awarded cost-plus-incentive-fee contract. This modification extends the period of performance for the Propulsion System Block Four Flight Test Program to December 2026 to provide continued technical engineering, flight test support, special tooling, test equipment repair, and flight test spare and repair parts for the F-35 Lightning II Propulsion System Block Four Flight Test Program for the Navy, Marine Corps, Air Force, and F-35 Cooperative Program Partners. Work is expected to be completed in December 2026. Naval Air Systems Command is the contracting activity.
RTX

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17:06 EDT RTX awarded $405.34M Navy contract modification - RTX was awarded a not-to-exceed $405.34M undefinitized contract modification to a previously awarded firm-fixed-price, cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract. This modification adds scope to procure spares for the production and delivery of the F135 propulsion system including spares depot and common for the F-35 global spares pool, and country unique spares in support of the Joint Strike Fighter program for the Air Force, Marine Corps, Navy, non-Department of Defense participants, F-35 Cooperative Program Partners, and Foreign Military Sales customers. Work is expected to be completed in December 2027. No funds will be obligated at the time of award, funds will be obligated on individual orders as they are issued. Naval Air Systems Command is the contracting activity.
T

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17:05 EDT AT&T remains on track to achieve consolidated financial guidance for 2024 - Pascal Desroches, CFO of AT&T, will speak on September 5 at the Bank of America Media, Communications and Entertainment Conference where he will provide an update to shareholders. Here are the key topics Desroches is expected to cover: AT&T continues to make progress on its sustainable, long-term growth strategy and remains on track to meet all of its consolidated financial guidance. The company continues to see healthy customer demand for world-class converged connectivity through 5G and fiber. As America's largest fiber provider1 and with the largest wireless network in North America2, AT&T is uniquely positioned to offer converged wireless and broadband services at scale with benefits from owner's economics. The Company remains confident in its ability to deliver on all of the consolidated financial guidance shared during its earnings report in July 2024. AT&T is the largest capital investor in U.S. connectivity infrastructure since 2019. To support its ongoing investment in 5G and fiber, the Company continues to expect 2024 capital investment in the $21B-22B range. AT&T also remains focused on driving incremental efficiencies through its goal of $2B+ in run-rate cost savings by mid-2026. The company is on track to achieve net-debt to adjusted EBITDA in the 2.5x range in the first half of 2025. It also plans to continue addressing short-term financing obligations as it shapes an even more sustainable and ratable free cash flow cadence.
MODD

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17:05 EDT Modular Medical Inc trading resumes
GD

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17:04 EDT General Dynamics awarded $491.6M Space Development Agency contract - General Dynamics announced it was awarded a $491.6M contract by the Space Development Agency to perform design, analysis, engineering studies, and technical augmentation for their Ground Management and Integration, or GMI, program's integrated ground system. General Dynamics and teammate Iridium builds upon the Tranche 1 Operations and Integration contract to provide additional Tranche 2 capabilities under GMI.
HUYA

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17:03 EDT Huya appoints Raymond Peng Lei as Acting co-CEO and CFO - Huya has appointed Raymond Peng Lei to serve as Acting Co-CEO and CFO, effective September 5. Lei will succeed Ashley Xin Wu as Acting Co-CEO and will jointly assume the duties of CEO of the company with Junhong Huang, Director, Acting Co-CEO and SVP. Upon the appointment of Lei, Wu will continue to serve as VP of Finance. Prior to joining Huya, Lei served as the finance director of Tencent Financial Technology. He first joined Tencent in 2004 and served in various finance roles during his tenure at Tencent of more than 18 years. Previously, Lei worked at PricewaterhouseCoopers for over 10 years.
CASY

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17:02 EDT Casey's General Stores expects 2025 store growth at 270 units - The Company states it is "not updating its previously communicated fiscal 2025 outlook until after the closing of the Fikes transaction, with the exception of store growth, which is now expected to be approximately 270 units in fiscal 2025. Under its previously communicated fiscal 2025 outlook, the Company expects EBITDA to increase at least 8%. The Company expects inside same-store sales to increase 3% to 5% and inside margin comparable to fiscal 2024. The Company expects same-store fuel gallons sold to be between negative 1% to positive 1%. Total operating expenses are expected to increase approximately 6% to 8%. Net interest expense is expected to be approximately $56 million. Depreciation and amortization is expected to be approximately $390 million and the purchase of property and equipment is expected to be approximately $575 million. The tax rate is expected to be approximately 24% to 26% for the year."
SNAP...

Hot Stocks

16:52 EDT Snap CEO Evan Spiegel gives updates, strategy for digital advertising business - Snap (SNAP) CEO Evan Spiegel sent the following note to team members on September 3. The note said in part: "You may be wondering why, with all of the progress we've made in our business over the last year, our share price performance has lagged the overall market. The answer is simple: our advertising business is growing slower than our competitors. The growth of our digital advertising business is one of the most important inputs to our long term revenue potential, and investors are concerned that we aren't growing faster. ...In Q2, even as our upper funnel brand revenue declined by 1%, our lower funnel direct response revenue grew by 16%. Over the years, we have found that lower funnel revenue generated by small- and medium-sized customers is more predictable and stable than upper funnel revenue. ...With active advertisers more than doubling year over year in Q2, we've made a lot of progress, but there is more work to do. As we look ahead to 2025, we need to grow our lower funnel business even faster while simultaneously reaccelerating the growth of our upper funnel business. We're going to do that by changing the way that we go to market, introducing new ad placements powered by automation, and continuing to invest in our machine learning platform to deliver powerful results for our advertising partners. Other companies in the social media space include: Meta Platforms (META), Google (GOOGL, GOOG), and Pinterest (PINS). Reference Link
HES

Hot Stocks

16:39 EDT Hess Corp. raises quarterly dividend 14% to 50c per share - The Board of Directors of Hess Corporation declared a regular quarterly dividend of 50c per share payable on the Common Stock of the Corporation on September 30 to holders of record at the close of business on September 16. The dividend represents an approximate 14% increase compared to the dividend for the second quarter of 2024, which equals a 25c increase per share on an annualized basis.
COIN

Hot Stocks

16:37 EDT Coinbase COO sells $1.69M in common stock - In a regulatory filing, Coinbase disclosed that its COO Emilie Choi sold 9.5K shares of common stock on August 30-September 3rd in a total transaction size of $1.69M.
DNA

Hot Stocks

16:35 EDT Ginkgo Bioworks regains compliance with NYSE minimum bid price requirement - Ginkgo Bioworks received a letter from the NYSE on September 3 stating that because Ginkgo's Class A common stock had a closing bid price at or above $1.00 on the last day of August and the company's 30-day trading average closed above $1.00, Ginkgo had regained compliance with the NYSE Listed Company Manual. Ginkgo also received notice from NYSE on September 3 that it will commence proceedings to delist the company's public warrants which were previously issued in connection with Soaring Eagle Acquisition Corp's initial public offering. These Warrants will be immediately suspended from trading due to "abnormally low" trading price levels pursuant to 802.01D of the NYSE Listed Company Manual. Trading in the Ginkgo's Class A Common Stock will be unaffected and will continue on the NYSE under the symbol "DNA".
SHPH

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16:34 EDT Shuttle Pharmaceuticals gets ODD for IPdR to treat brain tumors - Shuttle Pharmaceuticals Holdings provided a corporate update in connection with the filing of its Quarterly Report on Form 10-Q for the second quarter ended June 30 .Shuttle Pharma's recent highlights include the following: Enrollment of patients in the Phase 2 clinical trial of Ropidoxuridine for the treatment of patients with glioblastoma has recently opened following the entry of agreements with two site locations to administer the trial. Ropidoxuridine IPdR is Shuttle Pharma's lead candidate radiation sensitizer for use in combination with RT to treat brain tumors or glioblastoma, a deadly malignancy of the brain with no known cure. Shuttle Pharma expects the Phase 2 clinical trial will be carried out at six site locations, with two sites now ready to start treating patients and all sites anticipated to be treating patients in the coming months.Shuttle Pharma has received Orphan Drug Designation from the FDA, providing potential marketing exclusivity upon first FDA approval for the disease. "We achieved a significant milestone recently with the commencement of our Phase 2 clinical trial of Ropidoxuridine for the treatment of patients with glioblastoma now officially underway and ready to enroll patients," stated Shuttle Pharma's Chairman and CEO, Anatoly Dritschilo, M.D. "To date, we have entered into agreements with two of the planned six site locations with an additional four sites set to come on board in September. The two initial sites have completed site initiation visits and are fully ready to begin treating patients. The results of this Phase 2 clinical trial will determine clinical efficacy of Ropidoxuridine as a radiation sensitizer with the goal of increasing cancer cure rates, prolonging patient survival, and improving the quality of life for patients suffering from glioblastoma."
GEF

Hot Stocks

16:33 EDT Greif opens new facility in Malaysia - Greif announced the opening of its new facility in Pasir Gudang, Johor, Malaysia. This significant milestone marks a new chapter in Greif's commitment to delivering high-quality packaging solutions while contributing to the local economy. The company's new facility in Pasir Gudang manufactures Intermediate Bulk Containers, or IBCs, which are used in various industries such as food, chemicals, lubricants, flavors, and fragrances.
FTV

Hot Stocks

16:32 EDT Fortive announces management succession plan - At the completion of the spin-off, James A. Lico will retire as President and CEO and as a director. Upon Mr. Lico's retirement, Olumide Soroye, current President and CEO of Fortive's Intelligent Operation Solutions segment, will be appointed as President, CEO, and a director of Fortive. Tami Newcombe, current President and CEO of Fortive's Precision Technologies and Advanced Healthcare Solutions business segments, will assume the role of President and CEO of NewCo in connection with the separation. Fortive also announced that Chuck E. McLaughlin will retire as CFO by the end of the first quarter of 2025.
ODFL

Hot Stocks

16:32 EDT Old Dominion reports August revenue per day down 5.2% y/y - Old Dominion Freight Line reported certain less-than-truckload operating metrics for August 2024. Revenue per day decreased 5.2% as compared to August 2023 due to a 6.1% decrease in LTL tons per day that was partially offset by an increase in LTL revenue per hundredweight. The change in LTL tons per day was attributable to a 5.0% decrease in LTL shipments per day and a 1.1% decrease in LTL weight per shipment. For the quarter-to-date period, LTL revenue per hundredweight and LTL revenue per hundredweight, excluding fuel surcharges, increased 3.0% and 4.9%, respectively, as compared to the same period last year. Marty Freeman, President and Chief Executive Officer of Old Dominion, commented, "Our revenue results for August reflect continued softness in the domestic economy as well as the impact of lower fuel surcharge revenue on our yields. While our LTL volumes declined on a year-over-year basis, our LTL shipments per day in August were relatively consistent with July and our year-to-date average through the first half of this year. We also maintained our long-term, disciplined approach to pricing, which is reflected in the ongoing improvement in our LTL revenue per hundredweight. The OD Family of employees remains focused on delivering superior service at a fair price to our customers, which has created an unmatched value proposition in our industry. We believe that by continuing to execute our long-term strategic plan, we are positioning Old Dominion to win profitable market share over the long-term while also increasing shareholder value.
FTV

Hot Stocks

16:32 EDT Fortive announces separation into two independent public companies - Fortive Corporation announced its intention to pursue a tax-free spin-off of its Precision Technologies segment ("NewCo"). The planned spin-off will create two independent publicly traded companies, each with focused business models and tailored investment and capital allocation strategies. Upon completion of the planned spin-off, Fortive will consist of the portfolio brands currently operating under Fortive's Intelligent Operating Solutions and Advanced Healthcare Solutions business segments. Fortive's market-leading portfolio of technology solutions, with approximately 50% recurring revenue, delivers productivity, safety and reliability value to customers. The company expects to pursue a disciplined and balanced capital allocation strategy, prioritizing M&A that enhances recurring revenue, growth and free cash flow, while remaining balanced between acquisitions and share repurchases. Following the expected completion of the spin-off, NewCo will comprise the same leading brands currently operating under the Precision Technologies segment and will continue to benefit from FBS's ability to drive growth, innovation and value. NewCo will also be poised to capitalize on powerful secular tailwinds across key end markets by leveraging its mission critical technologies in test and measurement, specialty sensors, and aerospace and defense subsystems. With industry-leading margins and cash flow generation, NewCo will be well-positioned to pursue organic growth investments, return cash to shareholders, and seek selective M&A opportunities aligned to its core strategy and value creation levers.
SEE BBY

Hot Stocks

16:31 EDT Sealed Air provides packaging content for Best Buy - Sealed Air (SEE) is helping Best Buy (BBY) through the introduction of packaging solutions that allow the company to use more recycled packaging content for shipping Best Buy products to consumers across North America. Best Buy, the electronics, computer, appliances and technology product retailer, is taking meaningful action by using packaging that not only preserves the value of their products, but also supports the circular economy through use of packaging containing recycled content. Through this partnership, Sealed Air's packaging experts worked with Best Buy to provide them with a corresponding suite of products that helped them reduce the amount of virgin plastic used in packaging.
VOYA

Hot Stocks

16:31 EDT Voya Financial names Michael Katz CFO - Voya Financial announced that Michael Katz has been named chief financial officer, effective Jan. 1, 2025. He will report to Heather Lavallee, Voya's chief executive officer. Katz, who has been with Voya and its predecessor ING U.S. for more than 20 years, currently serves as executive vice president of Finance and is a member of Voya's Executive Committee. Katz will succeed Don Templin, who has been serving as Voya's CFO since November 2022 and recently made the decision to retire. To ensure a smooth transition of his responsibilities, Templin will serve as a strategic advisor to Voya from Jan. 1, 2025, until his retirement in the first quarter of 2025. "Don's guidance and insight over the past two years have played a critical role in the strategic direction and future growth at Voya," said Lavallee. "During his time at Voya, Don quickly became a trusted advisor to me. I am grateful for his leadership as well as his passion for the business and our people, including the strong team of financial professionals who will continue to support Mike. We thank Don for his continued support and wish him and his family all the best as he embarks on a new chapter in retirement, concluding a truly remarkable career."
BOLT

Hot Stocks

16:29 EDT Bolt Biotherapeutics names Brian O'Callaghan chairman - Bolt Biotherapeutics announced the appointment of Jakob Dupont, M.D., to its Board of Directors. Dr. Dupont brings more than two decades of experience in the field of oncology and immuno-oncology. With the appointment of Dr. Dupont, Executive Partner at Sofinnova Investments, Dr. Jim Healy, M.D., Ph.D., also at Sofinnova, will be stepping down as Lead Independent Director. In addition, Frank D. Lee will be departing the Board and Brian O'Callaghan, CEO of Deep Genomics, will be assuming the role of Chair.
RLGT

Hot Stocks

16:28 EDT Radiant Logistics acquires Foundation Logistics & Services, terms not disclosed - Radiant Logistics announced it has acquired Foundation Logistics & Services, a Humble, Texas -based, privately held company that provides a full range of specialized transportation and logistics services for companies involved in the exploration, drilling, and production of oil and gas. The company structured the transaction similar to its previous transactions, with a portion of the expected purchase price payable in subsequent periods based on the future performance of the acquired operations. Founded in 2014, Foundation specializes in servicing the oil and gas industry with a focus on the transportation of hazardous materials, including explosives, and urgent oilfield equipment to points around the world. On a post-closing basis, Foundation will continue under the leadership of co-founders Larry Earley and Cindy Jones and continue to operate as Foundation Logistics with the expectation that the company will ultimately transition to operate under the Radiant brand in 2025. Post-closing, both Larry Earley and Cindy Jones will report to Tim O'Brien, SVP and General Manager of Radiant's U.S. forwarding operations.
MDXG

Hot Stocks

16:28 EDT MiMedx filed counterclaim by third former employee - The third of 10 defendants who were sued earlier this year by MiMedx filed counterclaims against the company. Jake Heikkinen, a former MiMedx employee, states in the filing that he left the company because of "MiMedx's schemes to bilk Medicare and other government and third-party taxpayers" and "'to incentivize and pressure healthcare providers to treat wounded veterans, diabetics, chronic wound sufferers and other patients with medically unnecessary or unsuitable products-all to the detriment of patients and the federal government." Heikkinen also formally presented his answers and defenses to MiMedx's lawsuit which claimed that the 10 former employees, who all 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 Heikkinen allege that MiMedx "engaged in and has directed members of its sales team including Mr. Heikkinen to engage in, predatory sales practices aimed at increasing its revenue by incentivizing fraud on the U.S. government, including Medicare fraud." The claims filed by Heikkinen's attorneys allege that he left MiMedx after "MiMedx tried to compel its employees to continue selling a product that the FDA determined could not lawfully be marketed without prior FDA approval." The counterclaims come on the heels of two other complaints filed this month on behalf of former MiMedx employees, Lora Whooley, and Caralyn Gargan.
LXEH

Hot Stocks

16:28 EDT Lixiang Education receives noncompliance notification from Nasdaq - Lixiang Education announced that it received a written notice from Nasdaq indicating that the company was not in compliance with Listing Rule 5450, which requires the company to maintain a minimum market value of publicly held shares of $5M for continued listing on the Nasdaq Global Market.
MAX

Hot Stocks

16:26 EDT MediaAlpha and Insurify extend publishing partnership with new deal, no terms - MediaAlpha and Insurify, a virtual insurance agent, announced that they have extended their publishing partnership with a new multi-year agreement. Under this partnership, MediaAlpha's robust technology platform connects leading auto and home insurance carriers with Insurify's high-intent shoppers. "As the auto insurance market continues its strong recovery, we are excited to help Insurify rapidly scale to meet the growing demand from carriers transitioning to digital direct-to-consumer distribution to reach high-intent online insurance shoppers," said Steve Yi, MediaAlpha's CEO and co-founder. "Insurify is one of our largest supply partners, and we look forward to building on our longstanding relationship as Insurify helps millions more Americans find the auto insurance policy that best fits their needs."
LQDT

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16:25 EDT Liquidity Services selected to sell workover rigs, associated surplus assets - Liquidity Services has been selected by one of the largest oil and gas exploration and production companies in the U.S. to sell more than 30 Cameron, Watson Corsair, Rig Works, and Franks workover rigs and associated surplus assets in West Texas. The rigs are available through a sealed bid event that runs until September 12.
NDAQ

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16:23 EDT Nasdaq reports August 2024 U.S. equity options volume 293M v 298M last year - Reference Link
MODG

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16:21 EDT Topgolf Callaway jumps 12% to $12.03 after announcing Topgolf spin-off
AVB

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16:20 EDT AvalonBay reports August occupancy of 95.6% vs. 95.5% in July - The company states: "The Same Store Residential operating metrics presented in the following tables were generally consistent with the Company's expectations for these metrics for the two months ended August 31, 2024 when the Company published its updated outlook for full year 2024 Same Store Residential revenue growth on July 31, 2024."
AWK

Hot Stocks

16:19 EDT New Jersey American Water granted new rates by Board of Public Utilities - The New Jersey Board of Public Utilities, BPU, approved a settlement between New Jersey American Water and the N.J. Division of Rate Counsel and BPU Staff for new water and wastewater rates for New Jersey American Water. The approved rates represent a total annualized revenue increase of approximately $79.5 million. The company's rate request was filed on January 19, 2024, and was primarily driven by more than $1.3 billion in infrastructure investment in treatment system and distribution upgrades since its last rate filing.
QGEN LLY

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16:18 EDT Qiagen, Eli Lilly collaborate to support development of QIAstat-Dx IVD panel - Qiagen (QGEN) announced it has entered into a collaboration with Eli Lilly (LLY) to support the development of a QIAstat-Dx in-vitro diagnostic, or IVD, to detect APOE genotypes which can play a role in the diagnosis of Alzheimer's disease. This collaboration represents a significant milestone as the QIAstat-Dx panel would be the first commercially available IVD for APOE genotyping. The panel will be integrated with Qiagen's multiplex testing platform QIAstat-Dx, marking the first publicly disclosed collaboration for a clinical application of the system in neurodegenerative diseases and adding to two more collaborations for diagnostics development programs with other companies.
FLYX

Hot Stocks

16:18 EDT Volato announces strategic agreement with flyExclusive - Volato, the largest operator of HondaJet aircraft in the United States, announced an agreement with flyExclusive, Inc., a provider of private jet charter services, to transition the management of its fleet operations to flyExclusive. This move is expected to bring substantial cost savings and provide Volato with the opportunity to focus on its high-growth areas, including aircraft sales and proprietary software. Under the terms of the Aircraft Management Services Agreement, flyExclusive will take over all aspects of operating Volato's fleet, including both revenue and expenses. This transition will allow Volato to reduce its cost base by transferring the operational responsibilities to flyExclusive, which anticipates that the fleet will be profitable under its management. "We are excited about the potential of this agreement, which provides significant benefits to both Volato and flyExclusive," said Matt Liotta, CEO of Volato. "By shifting fleet operations to flyExclusive, we reduce our operational costs while continuing to focus on delivering value through our aircraft sales and expanding our software solutions, such as the Vaunt empty leg program."
MODG

Hot Stocks

16:18 EDT Topgolf Callaway plans to separate into two independent companies - Topgolf Callaway Brands announced that its Board of Directors intends to pursue the separation of its business into two independent companies: Callaway, a leader in golf equipment with a highly complementary Active Lifestyle business, with last twelve months revenue through Q2 2024 of approximately $2.5B; and Topgolf, a category leading, high-growth, pure-play venue-based golf entertainment business, with last twelve months revenue through Q2 2024 of approximately $1.8B. The company expects to effect the separation through a spin-off of the Topgolf business to Topgolf Callaway Brands' shareholders in a transaction that is intended to be tax-free to both the company and its shareholders for U.S. federal income tax purposes. While the company expects that a spin-off of Topgolf into a stand-alone public company is the most likely separation path, the company will continue to evaluate other options for separation to maximize shareholder value. Management is developing detailed separation plans for further consideration and final approval by the company's Board of Directors. While the company expects that a spin-off of Topgolf into a stand-alone public company is the most likely separation path, the company will continue to evaluate other options for separation to maximize shareholder value. The company expects to execute the spin-off of Topgolf in the second half of 2025, but there can be no assurance regarding the ultimate timing or terms of the separation or that the separation will ultimately occur.
VHC

Hot Stocks

16:17 EDT VirnetX receives NYSE non-compliance notification - VirnetX received a notice from the NYSE that the company is not in compliance with the NYSE's Listed Company Manual because its average global market capitalization over a consecutive 30 trading-day period was less than $50M, and, at the same time, its stockholders' equity was less than $50M. The Notice does not have an immediate impact on the listing of the company's common stock and does not affect the company's business operations or its SEC reporting requirements. Within 45 days from receipt of the Notice, the company intends to submit a plan to the NYSE advising it of the definitive action the company has taken, is taking, or plans to take that would bring it into conformity with the continued listing standards. If the NYSE accepts the company's plan, the company's common stock will continue to be listed and traded on the NYSE during the 18-month cure period, subject to the company's compliance with other NYSE continued listing standards and continued periodic review by the NYSE of the company's progress with respect to its plan.
BKSY

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16:17 EDT BlackSky announces 1-for-8 reverse stock split - BlackSky Technology Inc. announced that its Board of Directors has approved a 1-for-8 reverse stock split of BlackSky's Class A common stock, par value $0.0001 per share. The Reverse Stock Split was approved by BlackSky's stockholders at BlackSky's annual meeting of stockholders held virtually earlier today. The Reverse Stock Split will be effective at 4:15 p.m. Eastern Time on September 6, 2024, and the Class A Common Stock will open for trading on the New York Stock Exchange on a reverse split-adjusted basis on September 9, 2024, under the existing trading symbol "BKSY." The new CUSIP number of the Class A Common Stock following the Reverse Stock Split will be 09263B 207. BlackSky's publicly traded warrants will continue to be traded on the NYSE under the symbol "BKSY.W," and the CUSIP number for the publicly traded warrants will remain unchanged. At the effective time of the Reverse Stock Split, every eight shares of issued Class A Common Stock will be automatically reclassified into one new share of Class A Common Stock. The Reverse Stock Split will not change the number of authorized shares of Class A Common Stock or BlackSky's preferred stock. The par value per share of the Class A Common Stock will also remain unchanged at $0.0001.
EQR

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16:16 EDT Equity Residential says same-store revenue growth on track within guidance - Equity Residential provided an update on certain same store operating trends in its business. Same store revenue growth remains on track within the Company's guidance range as described in its second quarter 2024 earnings release published on July 29, 2024. The Company is finishing its primary leasing season with healthy demand and pricing for its apartment units. The Company continues to expect to produce Blended Rate growth of 2.0% to 3.0% for the third quarter of 2024 and Physical Occupancy of 96.2% for the full year 2024.
MODD

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16:16 EDT Modular Medical Inc trading halted, news pending
PEGY

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16:16 EDT Pineapple Energy appoints Andy Childs as interim CFO - Pineapple Energy announced the appointment of Andy Childs as the company's interim CFO. Childs succeeds Eric Ingvaldson who, as previously announced, resigned the position of CFO effective August 30.
CHPT

Hot Stocks

16:16 EDT ChargePoint announces reorganization, to cut workforce by about 15% - ChargePoint announced the reorganization of its operations including a reduction of ChargePoint's current global workforce by approximately 15%. The Reorganization is expected to result in estimated annualized GAAP and non-GAAP operating expense savings of approximately $41 million and $38 million, respectively, while creating efficiencies by streamlining functions across the Company. The Company estimates the aggregate restructuring costs associated with the Reorganization to be approximately $10 million, primarily consisting of severance payments, employee benefits and related costs. The Company expects to incur these costs primarily during the third and fourth fiscal quarters.
MODG

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16:15 EDT Topgolf Callaway to separate into two independent companies
PSTX

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16:14 EDT Poseida Therapeutics' P-BCMA-101 shows efficacy in published case study - Poseida Therapeutics highlighted new data from a case study of a patient with relapsed multiple myeloma treated in a clinical trial of P-BCMA-101, the company's original investigational T stem cell memory-rich BCMA targeting autologous CAR-T cell therapy. "This case study demonstrates the remarkable potential of T stem cell memory-based therapies, providing a strong anti-myeloma response with a long-term remission and notably CAR-T cell persistence," said Thomas Martin, Clinical Professor of Medicine, Adult Leukemia and Bone Marrow Transplantation Program and Director of Hematology, Blood and Marrow Transplantation and Cellular Therapy at UCSF. "Most notably, we believe this is the first time that a T-cell engager has been seen to reactivate a CAR-T therapy, and the evidence suggests that this reactivation drove a second wave of CAR-T cell proliferation that led to another complete response three years after the initial successful CAR-T treatment. This patient is now off all anti-myeloma treatments and living in remission for more than nine months following 1 week of TCE therapy, a truly amazing outcome." Two months after receiving treatment, the patient achieved a partial response that deepened into a stringent complete response and remained in remission for nearly 2 years. More than three years after receiving P-BCMA-101, she relapsed and was treated. The patient achieved complete remission with slow resolution of lymphocytosis. The patient continues to be in sCR and off all therapy more than nine months after receiving the last and only full dose of the T-cell engaging therapy. Poseida's lead investigational allogeneic CAR-T program, P-BCMA-ALLO1, is currently being evaluated in patients with relapsed/refractory multiple myeloma. Additional P-BCMA-ALLO1 clinical updates are planned for the second half of 2024.
XPO

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16:13 EDT XPO, Inc reports August LTL tonnage per day decreased 4.6% YoY - XPO reported certain preliminary LTL segment operating metrics for August 2024. LTL tonnage per day decreased 4.6%, as compared with August 2023, attributable to a year-over-year decrease of 4.5% in shipments per day and a decrease of 0.1% in weight per shipment. Actual results for August 2024 may vary from the preliminary results reported above...Mario Harik, chief executive officer of XPO, said, "In August, we managed our variable costs effectively in a soft demand environment, supporting our outlook for margin expansion. The industry pricing backdrop remains constructive, and we're executing our company-specific initiatives to deliver strong above-market yield growth. Our ongoing service improvements and network investments will further accelerate our results when industry demand rebounds."
PCTY

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16:13 EDT Paylocity to acquire Airbase for $325M, sees dilution - Paylocity announced it has signed a definitive agreement to acquire Airbase, a finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. Airbase was founded in 2017, is headquartered in San Francisco, and has approximately 300 employees in the United States, Canada, India and the Philippines. The approximately $325M acquisition of Airbase, subject to customary adjustments, will be funded by borrowings under its revolving credit facility and is not expected to impact the company's ability to execute on the remaining $350M authorization under its share repurchase program. As of June 30, Paylocity had $401.8M of cash and cash equivalents on its balance sheet. Subject to customary closing conditions and necessary regulatory approvals, the transaction is expected to close in the first or second quarter of fiscal 2025. The acquisition of Airbase is expected to represent approximately 1% of total revenue in fiscal 2025 and is expected to dilute adjusted EBITDA margin by approximately 100 basis points in fiscal 2025. Paylocity will update financial guidance in the normal course of business in their first quarter fiscal 2025 earnings release.
AMCR

Hot Stocks

16:11 EDT Amcor names Peter Konieczny as CEO - Amcor announced that its Board of Directors has appointed Peter Konieczny as CEO. Konieczny has served as Interim CEO since April 2024. The Board also intends to nominate him as a director for election at the company's Annual Meeting of Shareholders which is expected to be held in November 2024. Konieczny has been a member of the Amcor Global Management Team since 2010 and was appointed Interim CEO in April 2024. Between September 2020 and April 2024, Konieczny served as Chief Commercial Officer, where he oversaw global category and product management, Sustainability, R&D and Procurement while maintaining responsibility for the Amcor Flexibles Latin America business. Prior to Amcor, he had five years of experience in the packaging industry as President of Silgan White Cap, a global organization specializing in metal and plastic closures for the food and beverage industries.
SON

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16:10 EDT Sonoco Products initiates strategic review of alternatives for TFP business - Sonoco Products announced that it has initiated a review of strategic alternatives for the company's Thermoformed & Flexible Packaging, or TFP, business, a part of the company's consumer packaging segment. TFP provides a variety of complex packaging to categories including snacks, condiments, healthcare, prepared meals, fresh products and coffee and pet. On a pro forma standalone basis, TFP had revenue of $1.3B in 2023. As a result of the expanded divestiture plans, Sonoco has modified its financing plans for its pending acquisition of Eviosys. The company now intends to finance the Eviosys acquisition through a combination of prepayable debt, longer-term bond financing and/or cash on hand. With increased debt reduction from divestitures and cash from operations, Sonoco expects to further reduce net leverage from previous estimates within 24 months of the Eviosys acquisition. As a result, Sonoco no longer anticipates issuing equity to fund the Eviosys acquisition. The strategic review process of TFP is underway and Sonoco expects to complete it in the fourth quarter of 2024.
INAB

Hot Stocks

16:08 EDT IN8bio to reduce workforce by 49% - In conjunction with its pipeline prioritization, IN8bio is implementing a workforce reduction of approximately 49% of its current workforce, across all functional areas and at both its New York City and Birmingham, Alabama sites, along with cash compensation reductions implemented across the executive management team and the company's board of directors. IN8bio expects to incur one-time costs of approximately $0.3M in connection with the workforce reduction, of which nearly all are cash expenditures related to severance. Such costs are expected to be incurred in Q3.
INAB

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16:06 EDT IN8bio suspends patient enrollment in INB-400, to focus on INB-100 - IN8bio announced a plan to optimize its resource allocation through a pipeline prioritization and a workforce reduction of approximately 49%. The company will focus on generating clinical data from INB-100, the ongoing investigator-sponsored Phase 1 clinical trial of acute myeloid leukemia, or AML, to further de-risk the registrational pathway and affirm the 100% one-year progression-free survival observed to date in this patient population. The company will suspend its glioblastoma, or GBM, development program while continuing to monitor patients in the Phase 1 INB-200 clinical trial and those enrolled in the Phase 2 INB-400 clinical trial. INB-200 has completed patient treatment with up to six repeat doses and further patient enrollment in the INB-400 trial is on hold while the company explores potential partnership opportunities for the solid tumor program. With additional funding, the INB-100 trial will continue to enroll patients in the expansion cohort with a new target total enrollment of approximately 25 patients at the recommended Phase 2 dose. IN8bio expects to complete this additional enrollment in the first half of 2025, with long-term follow-up results anticipated in late 2025 and in 2026. IN8bio had a Type B meeting with the FDA earlier this summer where the company received regulatory guidance on advancing INB-100 for the treatment of AML as a post-transplant maintenance therapy, with relapse-free survival as the primary endpoint. To affirm the improvements in relapse free and overall survival observed to date and to further de-risk a future registrational randomized control trial, IN8bio will also seek to add a control cohort to prospectively assess leukemia patients and enable comparison between patients receiving INB-100 to those who only receive standard haplotransplantation. As of August 30, 100% of AML patients remain relapse-free after receiving their dose of INB-100 after a median follow-up of 18.7 months. The previously reported patients with other leukemic diagnoses who relapsed have since died of progression. There have been no new relapses reported since the last update. The company has suspended patient enrollment in the INB-400 Phase 2 clinical trial for newly diagnosed GBM while it explores partnership opportunities for the program. IN8bio will continue to monitor patients previously treated in the fully enrolled INB-200 clinical trial as well as any patients that have been enrolled and are undergoing treatment in the INB-400 Phase 2 clinical trial.
NVDA

Hot Stocks

16:06 EDT Nvidia says 'have not been subpoeanaed' by Department of Justice - An Nvidia spokesperson told media outlets: "NVIDIA wins on merit, as reflected in our benchmark results and value to customers, and customers can choose whatever solution is best for them. We have inquired with the U.S. Department of Justice and have not been subpoenaed. Nonetheless, we are happy to answer any questions regulators may have about our business."
DSY

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16:00 EDT Big Tree Cloud Holdings Ltd trading resumes
DSY

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15:57 EDT Big Tree Cloud Holdings Ltd trading halted, volatility trading pause
NTIOF

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15:38 EDT National Bank of Canada decreases prime rate to 6.45% - National Bank of Canada announced a decrease in its prime rate by 25 basis points to 6.45%, effective September 5, 2024.
TJX...

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15:12 EDT US regulators want to probe Shein and Temu for consumer safety - U.S. safety regulators from the Consumer Product Safety Commission or CPSC are urging staff of the commission to evaluate ecommerce platforms Shein, Temu, and others to determine how these foreign-owned firms that rely on overseas suppliers meet their obligations under the Consumer Product Safety Act. The statement said in part: " Manufacturers, retailers, importers, and distributors of consumer products all fall within the jurisdiction of CPSC, which is charged with protecting consumers from items that pose an unreasonable risk of injury. This examination will inform the Commission on the legal status of these platforms. To the extent a platform falls outside the Commission's reach, policymakers must understand where gaps exist and how best to address them. Likewise, the Commission must better understand what enforcement challenges exist with respect to foreign third-party sellers. Where agencycompliance staff discover safety violations, we expect CPSC to initiate enforcement actions. Shein and Temu raise specific concerns. We are aware of recent media reports that deadly baby and toddler products are easy to find on We are also aware of reporting that thousands of Chinese factories and vendors have joined the supply chain for Shein and Temu, whose popularity has exploded in the U.S. with their offers of inexpensive made-in-China goods,from T-shirts and handbags to electronics and kitchen items."We seek to better understand these firms, particularly their focus on low-value direct-to-consumer,sometimes called de minimis,shipments and the enforcement challenges when firms with little or no U.S. presence distribute consumer products through these platforms." Companies that may be impacted include TJX (TJX), Etsy (ETSY), eBay (EBAY), Macy's (M), Target (TGT) Amazon (AMZN) and Walmart (WMT). Reference Link
UNB

Hot Stocks

15:08 EDT Union Bankshares announces balance sheet repositioning - Union Bankshares announced the completion of a balance sheet repositioning related to its investment securities portfolio. "The Company's wholly-owned subsidiary, Union Bank, executed the sale of $38.8 million in book value of its lower-yielding available-for-sale debt securities for an estimated after-tax realized loss of approximately $1.0 million, which will be recorded in the third quarter of 2024. Proceeds from the sale of the securities were redeployed into higher yielding bonds and funding loans that on a combined basis are expected to yield approximately 341 basis points more than the securities that were sold. The Company estimates the loss will be recouped within approximately one year. The loss on the sale of securities has a neutral impact on stockholders' equity and the Company's book value per share. This repositioning will be accretive to earnings, net interest margin and return on assets in future periods, and simultaneously provide the Company with greater flexibility in managing balance sheet growth and liquidity," the company stated.
NWN

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15:05 EDT NW Natural Holdings names Brian Fellon as Chief Information Officer - NW Natural Holdings, comprised of NW Natural Gas Company, NW Natural Water, and NW Natural Renewables, has named Brian Fellon as its new vice president, Chief Information Officer/Chief Information Security Officer. Fellon will begin his new role with the company on September 23. Fellon joins NW Natural after spending the last eight years as an executive at Puget Sound Energy in Bellevue, Wash., where he served as director of applications services, AI and data.
CRBU

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14:50 EDT Caribou treatment of acute myeloid leukemia designated for FDA orphan status - Caribou Biosciences' CRISPR-edited allogeneic CLL-1-targeted CAR-T Cells were granted FDA orphan designation as a treatment of acute myeloid leukemia. Reference Link
CNI...

Hot Stocks

14:41 EDT North American rail traffic up 5.2% for the week ending August 31 - The Association of American Railroads, or AAR, reported U.S. rail traffic for the week ending August 31. For this week, total U.S. weekly rail traffic was 516,632 carloads and intermodal units, up 8.4% compared with the same week last year...Total carloads for the week ending August 31 were 233,278 carloads, up 1% compared with the same week in 2023, while U.S. weekly intermodal volume was 283,354 containers and trailers, up 15.3% compared to 2023. Seven of the 10 carload commodity groups posted an increase compared with the same week in 2023. They included grain, up 5,492 carloads, to 20,494; petroleum and petroleum products, up 1,365 carloads, to 11,412; and motor vehicles and parts, up 1,144 carloads, to 17,221. Commodity groups that posted decreases compared with the same week in 2023 were coal, down 5,495 carloads, to 62,624; metallic ores and metals, down 1,487 carloads, to 21,616; and nonmetallic minerals, down 166 carloads, to 32,156... North American rail volume for the week ending August 31 on 9 reporting U.S., Canadian and Mexican railroads totaled 343,419 carloads, up 2.3% compared with the same week last year, and 354,117 intermodal units, up 8.1% compared with last year. Total combined weekly rail traffic in North America was 697,536 carloads and intermodal units, up 5.2%. North American rail volume for the first 35 weeks of 2024 was 23,201,648 carloads and intermodal units, up 2.4% compared with 2023. Publicly traded companies in the space include CN (CNI), CSX (CSX), Canadian Pacific Kansas City (CP), Norfolk Southern (NSC), Union Pacific (UNP), Trinity Industries (TRN), Greenbrier (GBX), Wabtec (WAB), Rail Vision (RVSN) and FreightCar America (RAIL). Reference Link
IMXI

Hot Stocks

14:19 EDT Breach Inlet Capital tells Intermex board to pursue sale - Breach Inlet Capital delivered a letter to the board of Intermex today. In its letter, Breach "outlines the reasons that the company is undervalued and should pursue a sale to maximize shareholder value." The letter states in part, "We have concluded that IMXI's best opportunity to capitalize on its growth potential and maximize value to shareholders is simple, yet urgent: IMXI must publicly announce and pursue a review of strategic alternatives that includes a potential sale of the company. We are a large shareholder with ownership of ~700k shares, representing ~2% of the shares outstanding. Said differently, we beneficially own more shares than all of IMXI's outside Directors combined and a similar number of shares as IMXI's CEO...We are confident that IMXI would draw significant interest from private equity buyers given the company's growth prospects, low capital intensity, and underleveraged balance sheet. There is an undeniable historical precedent for private equity's interest, as a private equity firm acquired IMXI in 2007 and another private equity firm bought IMXI in 2017. Also as referenced above, a private equity firm recently acquired peer MGI for ~8x EBITDA. IMXI is a much better business than MGI, but conservatively applying 8x to IMXI's LTM EBITDA then implies a takeout price of ~$30 per share and ~65% upside from the current trading price."
VFC

Hot Stocks

14:17 EDT VF Corp. says no changes to Q2 guidance excluding Supreme impact - According to a regulatory filing, on September 4, 2024, VF Corporation announced the availability of supplemental investor information related to VF's historical quarterly and annual results for fiscal 2024 and the first quarter of fiscal 2025 that gives effect to the pending sale of the Supreme brand business in accordance with generally accepted accounting principles in the U.S. and on an adjusted basis. VF believes this provides investors with useful supplemental financial information regarding VF's underlying business trends and the performance of VF's ongoing operations, in accordance with GAAP and on an adjusted basis, post the closing of the pending sale of Supreme. Excluding the impact from Supreme in fiscal 2025, there are no changes to VF's expectations for Q2'FY25 as provided on its Q1'FY25 earnings call on August 6, 2024. All comparisons to the prior year exclude Supreme from both years. The rate of revenue decline in Q2 is expected to improve modestly relative to Q1. Gross margin is expected to be up slightly in Q2 relative to last year. SG&A expenses in Q2 are expected to be slightly up versus the prior year period, which excluding Supreme, are expected to increase in the range of $25 million to $35 million, up 2% to 3% versus the prior year. This combined with the aforementioned revenue decline is expected to result in a higher rate of deleverage in Q2 relative to the prior quarter.
SHOT

Hot Stocks

14:06 EDT Safety Shot reports President Jordan Schur Invests additional $3.4M - Safety Shot announces that Safety Shot President Jordan Schur has invested in a $3.4M private placement in the company through his family investment group, Core 4 Capital Corp. In addition to gross proceeds of $5M that were raised in April and $1M in June from Core 4, Safety Shot just raised an additional $3.4M from the issuance of 3,370,787 shares at a price of 89c and 3,370,767 warrants at 12.5c per warrant, With this investment, Core 4 has made a combined investment of $9.4M, according to the company, which said it intends to use the net proceeds from the offering as working capital, towards general corporate purposes, and to fund the continued development and growth of the Safety Shot brand.
X NPSCY

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13:54 EDT U.S. Steel falls 18% after report that U.S. plans to block Nippon takeover - Shares of U.S. Steel are down $6.34, or 18%, to $29.26 following The Washington Post's report.
FYBR

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13:54 EDT Frontier Communications trading resumes
X

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13:48 EDT US Steel trading resumes
X

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13:43 EDT US Steel trading halted, volatility trading pause
CGNT

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13:40 EDT Cognyte shareholders re-elected both of company's nominees to board - Cognyte Software announced the vote results of the company's Fiscal Year 2025 Annual Meeting of Shareholders, at which it says shareholders re-elected both the company's nominees, Chairman Earl Shanks and CEO Elad Sharon, to the Cognyte board of directors. "Both nominees received support from a significant majority of the shares voted at the Annual Meeting. Shareholders also supported the proposal to approve the amendments to Cognyte's CEO compensation plan. As a first step towards enhancing disclosures, the Company will report the results of the Fiscal Year 2025 Annual Meeting, as well as the Annual Meetings for the 2024 and 2023 fiscal years, on a Form 6-K that will be filed with the U.S. Securities and Exchange Commission," the company said. Cognyte additionally issued the following statement: "We want to thank our shareholders for their engagement and attention to this Annual Meeting. We appreciate the time shareholders took to understand the issues and cast informed votes, and we learned a lot from their feedback and perspectives. We look forward to continuing our constructive engagement with shareholders as we work diligently on their behalf. We know that we have more work to do, and we are committed to taking further steps over the coming months to augment the composition of our Board and provide additional disclosures. We are confident that these actions will support our continued progress and momentum and help drive sustainable, profitable growth and value for shareholders. "
EBC

Hot Stocks

13:39 EDT Eastern Bank appoints Sujata Yadav as CPO - Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank announced that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank: Jeffrey F. Smith, Executive Vice President, Wealth Management; Danielle Remis Hackel, Executive Vice President, Chief Marketing Officer; and Kerri A. Mooney, Executive Vice President, Private Banking. Yadav, Executive Vice President, CPO, joined Eastern as Senior Vice President, Consumer Lending Director in 2017 and was promoted to Executive Vice President, Chief Marketing Officer in 2021. As CPO, Ms. Yadav will lead a centralized product team focused on product strategy, development and management while continuing to enhance product-related marketing and data analytics to help drive innovation, revenue growth and strategic alignment with customer needs.
SASR

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13:37 EDT Sandy Spring jumps 2% to $31.36 after Bloomberg report on possible sale
FYBR

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13:32 EDT Frontier halted for volatility after jumping 8% to $30.39
FYBR

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13:30 EDT Frontier Communications trading halted, volatility trading pause
BMRN

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13:30 EDT BioMarin trading resumes
HUM

Hot Stocks

13:23 EDT Humana says departing 13 Medicare Advantage markets - Previewing its Medicare Advantage strategy for 2025 at the Wells Fargo Healthcare Conference on Wednesday, Humana said it has decided to quit 13 counties where performance has been unsatisfactory and "unprofitable." "The exit itself is positive in the sense those plans were not contributing," the company says.
BMRN

Hot Stocks

13:23 EDT BioMarin to resume trading at 1:30 pm ET - BioMarin shares are scheduled to resume trading at 1:30 pm ET, with quotation set to resume at 1:25 pm ET, according to Nasdaq. BioMarin Pharmaceutical hosted an investor day earlier where it provided an overview of the company's new corporate strategy "to deliver sustained value creation and introduced longer-term Total Revenue and Non-GAAP Operating Margin guidance." The company's strategy is "now built around three business units, Enzyme Therapies, Skeletal Conditions and Roctavian, designed to support the focus on sustainable growth," BioMarin added. During the event, the company outlined financial guidance and said its updated corporate strategy also includes the implementation of a $500M cost transformation program.
BMRN

Hot Stocks

13:14 EDT BioMarin sees mid-teen growth rate through 2034, to cut $500M in costs - BioMarin Pharmaceutical said it hosted an investor day earlier where it provided an overview of the company's new corporate strategy "to deliver sustained value creation and introduced longer-term Total Revenue and Non-GAAP Operating Margin guidance." The company's strategy is "now built around three business units, Enzyme Therapies, Skeletal Conditions and Roctavian, designed to support the focus on sustainable growth." The updated corporate strategy also includes the implementation of a $500M cost transformation program that will contribute to Non-GAAP operating margin targets set for 2026 and beyond, BioMarin added. The company also highlighted its innovation strategy that supports its pipeline, including 11 anticipated product launches by 2034 and two by 2027. "The company highlighted its strategy for optimizing its growing and durable Enzyme Therapies business unit, as well as its plan for sustainable leadership across multiple Skeletal Conditions, building on the strength of Voxzogo for the treatment of achondroplasia. The combined business units are expected to drive a targeted mid-teen Compounded Annual Growth Rate through 2034," it added.
BMRN

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13:13 EDT BioMarin sees mid-teen growth rate though 2034, to cut $500M in costs - BioMarin Pharmaceutical said it hosted an investor day earlier where it provided an overview of the company's new corporate strategy "to deliver sustained value creation and introduced longer-term Total Revenue and Non-GAAP Operating Margin guidance." The company's strategy is "now built around three business units, Enzyme Therapies, Skeletal Conditions and Roctavian, designed to support the focus on sustainable growth." The updated corporate strategy also includes the implementation of a $500M cost transformation program that will contribute to Non-GAAP operating margin targets set for 2026 and beyond, BioMarin added. The company also highlighted its innovation strategy that supports its pipeline, including 11 anticipated product launches by 2034 and two by 2027. "The company highlighted its strategy for optimizing its growing and durable Enzyme Therapies business unit, as well as its plan for sustainable leadership across multiple Skeletal Conditions, building on the strength of Voxzogo for the treatment of achondroplasia. The combined business units are expected to drive a targeted mid-teen Compounded Annual Growth Rate through 2034," it added.
HMC

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12:54 EDT Honda reports August U.S. sales up 25% y/y to 139,950 units - American Honda sales totalled 139,950 units in August, up 25% compared to last year, led by strong passenger car sales, best-ever August light truck sales and an all-time record sales month for electrified models, the company said in a statement. The Honda brand continued its strong sales momentum, topping 127,900 units in August and posting the 7th straight month above 100,000 units, the automaker said.
MDLZ

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12:52 EDT Mondelez up 4% as CFO thinks investors will be 'pleased' with Q3 results - Luca Zaramella, Mondelez International Chief Financial Officer, said earlier during a presentation at Barclays' Global Consumer Staples Conference, according to a transcript of the event: "So I think when you look at the first half, the total top-line growth was around about 3.5% with volume down about 2%. Two key items in there that drove the volume decline year on year, and it is the European disruption and the EMEA boycott. And I think we are in a good place in terms of having implemented pricing now, particularly in Europe. Disruption is behind us. And so as you look at the second half, there are pretty much three key drivers that will drive the improved performance. The disruption in Europe being behind us, and happy to report after having seen now July and August, that numbers are quite good in Europe to testify the great job done by the European team, getting back on track, and loading up promotions for back-to-school consumption is coming. And so I think Europe is really setting the stage for an improved and accelerated top-line growth in the second half. The second one is a recovery from the US market softness that we saw in the first half, both in terms of market, but also in terms of share. We talked extensively about all the actions we are taking. The most recent numbers in terms of category and share performance are quite good, I would say, and encouraging. I think you all saw maybe the Oreo Coke promotion. That is not the market yet. It will come in its full effect in September and so we are fairly positive about the US too. And the second thing -- the third thing that I mentioned before in the earnings is the fact that Q4 last year specifically, we had some one-time impact, particularly around the give-and-go business, where we sell these kits that are quite heavy, Gingerbread type of kits that people used to make houses, et cetera, small houses. Those kits, we had to restage the business for profitability reasons and so we discontinued some of the product lines. And now obviously that is in the base. So we feel quite good about the second half. And as I said, both July and August were solid numbers and I think you will be pleased with the numbers you're going to see in Q3. So we feel quite good. In terms of profitability, I think you saw the material profit increases that we had year on year. Now, part of it is clearly driven by the favorability related to how we procure cocoa in the first part of the year. But on the other side, that gives us a little bit more flexibility to activate promotions where we see some consumer softness." In afternoon trading, shares of Mondelez are up $2.95, or 4%, to $75.20.
EH

Hot Stocks

12:43 EDT EHang 'unequivocally denies' unfounded rumors of link to Chris Hu investigation - EHang Holdings "strongly refuted recent unfounded rumors circulating in retail investor communities," the company stated in a press release. EHang stated: "These baseless allegations have no foundation in truth and have unfairly impacted the Company's stock price. The rumor falsely claims that EHang is related to an investigation on Chris Hu by the U.S. government. EHang unequivocally denies this. The Company's management team, including Huazhi Hu, EHang's Founder, Chairman and CEO, has no relatives or any personal connections involved in the incident mentioned in the rumors, and any suggestion otherwise is completely fabricated. EHang categorically denies any involvement in activities that could harm its reputation or standing with regulatory bodies. EHang has always maintained the highest standards of transparency and compliance in all its operations to ensure that it meets legal and ethical obligations in both China and the U.S. The Company remains focused on its mission to develop and commercialize cutting-edge autonomous aerial vehicle technology. It will continue working diligently to bring innovative solutions to market and drive long-term value for its shareholders. EHang urges investors and the public to rely on official communications from the Company for accurate and up-to-date information. The Company will reserve the right to take appropriate legal action against those who propagate false and misleading information to protect its reputation and the interests of its shareholders."
BMRN

Hot Stocks

12:38 EDT BioMarin sees 15% total revenue growth in 2024
MYGN

Hot Stocks

12:31 EDT Myriad Genetics stops GeneSight study over 'significant disparities' - Myriad Genetics disclosed this morning that as part two a GeneSight, which was designed to analyze the hospital resource utilization and costs of a group of patients who had received GeneSight testing compared to a matched control group of patients who had not received GeneSight testing, has been discontinued. Myriad stated in a regulatory filing: "After the best-matched non-GeneSight control group was identified using the available data, the Company identified significant disparities between the GeneSight patient group and this non-GeneSight control group in baseline hospital resource utilization and costs. The Company believes such disparities indicated that this non-GeneSight control group was not a viable control for part two of the study. As a result, the Company concluded that any data comparing the GeneSight patient group against this non-GeneSight control group were not reliable. Therefore, the Company has determined to discontinue the analysis for this part of the study," Shares of Myriad Genetics are down 9% to $25.00 in midday trading.
META

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12:26 EDT Oversight Board asks Meta not to automatically remove pro-Palestine phrase - In reviewing three cases involving different pieces of Facebook content containing the phrase "From the River to the Sea," Meta's Oversight Board finds they did not break Meta's rules on Hate Speech, Violence and Incitement or Dangerous Organizations and Individuals. Specifically, the three pieces of content contain contextual signs of solidarity with Palestinians - but no language calling for violence or exclusion. They also do not glorify or even refer to Hamas, an organization designated as dangerous by Meta. In upholding Meta's decisions to keep up the content, the majority of the Board notes the phrase has multiple meanings and is used by people in various ways and with different intentions. A minority, however, believes that because the phrase appears in the 2017 Hamas charter and given the October 7 attacks, its use in a post should be presumed to constitute glorification of a designated entity, unless there are clear signals to the contrary. These three cases highlight tensions between Meta's value of voice and the need to protect freedom of expression, particularly political speech during conflict, and Meta's values of safety and dignity to protect people against intimidation, exclusion and violence, the Board said. The current and ongoing conflict that followed the Hamas terrorist attack in October 2023 and Israel's subsequent military operations has led to protests globally and accusations against both sides for violating international law. Equally relevant is the surge in antisemitism and Islamophobia not only to these cases but also general use of "From the River to the Sea" on Meta's platforms. These cases have again underscored the importance of data access to effectively assess Meta's content moderation during conflicts, as well as the need for a method to track the amount of content attacking people based on a protected characteristic. The Board's recommendations urge Meta to ensure its new Content Library is an effective replacement for CrowdTangle and to fully implement a recommendation from the BSR Human Rights Due Diligence Report of Meta's Impacts in Israel and Palestine. Reference Link
CELH PEP

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12:24 EDT Celsius Holdings: PepsiCo sales this quarter down $120M vs. last year - At the Barclays 17th Annual Global Consumer Staples Conference, Celsius Holdings (CELH) said that despite scanner data up 10% this quarter and depletions running 10%, Pepsi (PEP) sales this quarter are down $120M from last year.
CELH

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12:22 EDT Celsius Holdings drops 4% to $35.35 during conference presentation
EVTL

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12:21 EDT Vertical Aerospace drops 8% to 75c after Bloomberg report on funding
FUJHY

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12:04 EDT Subaru of America reports August sales up 11.8% to 63,053 units - Subaru of America reported 63,053 vehicle sales for August 2024, an increase of 11.8% compared with August 2023. SOA also reported year-to-date sales of 437,198 a 6.4% increase compared with the same period in 2023.
TM

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12:01 EDT Toyota, STAX Engineering enter five-year emissions capture, control deal - STAX Engineering has closed a five-year deal with Toyota Motor North America, Inc. to service all vessels visiting the Toyota Berth in the Port of Long Beach. Beginning in 2025 to coincide with new California Air Resources Board standards, STAX will become the first and only emissions control provider to service roll-on/roll-off vessels in the state of California. The Toyota Long Beach Vehicle Distribution Center imports about 200,000 vehicles each year on ro-ro vessels. STAX's patented, flexible exhaust capture system easily attaches to all vessel classes without modification to remove 99% of emitted particulate matter and 95% of emitted oxides of nitrogen. Over the lifetime of this new agreement with Toyota, STAX estimated the service will account for approximately 3,700 hours and more than 47 tons of emissions controlled.
FEDU

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12:01 EDT Four Seasons Education rises 9.3% - Four Seasons Education is up 9.3%, or $1.09 to $12.75.
INSP

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12:01 EDT Inspire Medical rises 10.0% - Inspire Medical is up 10.0%, or $17.70 to $194.78.
CURV

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12:00 EDT Torrid rises 13.0% - Torrid is up 13.0%, or 80c to $6.94.
JILL

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12:00 EDT J.Jill falls -11.4% - J.Jill is down -11.4%, or -$3.68 to $28.56.
REVG

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12:00 EDT REV Group falls -13.0% - REV Group is down -13.0%, or -$3.92 to $26.29.
CNM

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12:00 EDT Core & Main falls -14.0% - Core & Main is down -14.0%, or -$6.54 to $40.26.
LOGI

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11:37 EDT Logitech shareholders approve all proposals at AGM - Logitech announced that during its annual general meeting the Company's shareholders approved a Fiscal Year 2024 dividend of approximately CHF 1.16 per share, an increase of approximately CHF 0.10 compared to the previous year's dividend. Additionally, at the meeting, Logitech's shareholders re-elected Logitech's chairperson, Wendy Becker, with 86 percent approval. All new and incumbent nominees standing for election each also received strong majority approval. All other company proposals at the AGM were also approved. Logitech expects the payment date for the dividend to be September 25, 2024 and the record date for the dividend to be September 24, 2024.
TNON

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11:36 EDT Tenon Medical announces 1-for-8 reverse stock split - Tenon Medical announced, a 1:8 reverse stock split of the Company's issued and outstanding common stock. The reverse stock split will become effective at 12:01, Eastern Time, on September 6, 2024, prior to the commencement of trading on the Nasdaq Capital Market. As of that time, each 8 shares of issued and outstanding common stock will be converted into one share of common stock. The Company's common stock is expected to commence trading on a split-adjusted basis when the markets open on September 6, 2024, under the existing trading symbol "TNON." The new CUSIP number for the Company's common stock following the reverse stock split will be 88066N303. At the special meeting held on December 21, 2023, the Company's stockholders approved the reverse stock split. The primary goal of the reverse stock split is to increase the per share market price of the Company's common stock to meet the minimum $1.00 average closing price requirement for continued listing on the Nasdaq Capital Market.
IPG...

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11:29 EDT Interpublic Group down 3% after AdWeek says Omnicom, WPP win Amazon review - Omnicom (OMC) and WPP (WPP) have won Amazon's (AMZN) media review, AdWeek's Bill Bradley and Kyle O'Brien reported, sending shares of rival Interpublic Group (IPG) down 3% in late morning trading.
GROW

Hot Stocks

11:24 EDT Kanen Wealth Management calls for sale of U.S. Global Investors - In a letter to GROW directors, Kanen Wealth Management said, in part, "Kanen Wealth Management is one of the largest shareholders of U.S. Global Investors, owning over 450K shares, representing 3.3% of the Company's stock. At the core of our thesis, we believe that the Company's current share price is significantly below its intrinsic value and that investments, real estate, and cash alone are worth more than the market cap. Additionally, we believe its asset management business, with ~$11m in recurring fees, is worth $2.75/share. We are deeply concerned that the board has shown little interest in creating value for outside shareholders by creating policies that funnel an exorbitant amount of money to Mr. Holmes and insiders. In our opinion, Holmes is incentivized to gamble shareholder money to earn larger bonuses for himself. Despite Frank Holmes' reputation as a sophisticated finance expert, GROW continues to trade at a significant discount to its liquidation value. The growing pattern of late filings, accounting restatements, and stock price underperformance suggests the company is not fit for public markets. We remind investors that management rejected a buyout offer two years ago that represents an approximate 100% premium to today's stock price...We believe GROW's stock trades at a significant discount to its liquidation value due to questionable corporate governance and incentives that enrich insiders at the expense of outside shareholders. Given our understanding of the Company's assets and recurring fee income, we believe that a sale of the Company, if undertaken, could generate meaningful and certain value creation for equity investors: GROW Assets: When including $28.5m in cash; $5.2m of HIVE debenture; $11.5m in mutual fund investments; and their estimated ~$6.0m of real estate value, we believe GROW's assets are worth $51.0m, or $3.70/share. Asset Management Business: In addition to our balance sheet, the investment management business generates ~$11 million in recurring fee income. Based on our conversations with industry participants, we believe a strategic would pay 3-4x fee income, which could equate to $2.75/share. If the Board pursues a sale, we believe shares would be worth between $6.0-7.0/share, which represents a 130-175% upside from the current stock price. Because the equity trades below the $51m of tangible assets, the board should immediately authorize a tender up to $3.60 per share which in effect equals the cash, investments, and real estate. The fact that the board doesn't recognize buying $1.00 of assets for $0.70 demonstrates they lack the skillset to serve as directors ($36m market cap with $51m of liquid and tangible assets). It's been over two years since Mr. Holmes dismissed a $5.30 buyout offer as 'insufficient.' We believe such an offer or better is still on the table. If the Board pursues a sale, we believe GROW's equity would be worth 2-3x more than its current stock price implies. Mr. Holmes, it is time to end the public embarrassment that U.S. Global Investors has become. We urge you to run a proper sales process and finally create value for shareholders. What are we waiting for, Director/ Chairman Jerry Rubinstein's 90th birthday?"
LLY NVO

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11:05 EDT MHRA says evidence doesn't support link between GLP-1s and suicidal thoughts - Following a thorough review, the Medicines and Healthcare products Regulatory Agency, or MHRA, has concluded that the available evidence does not establish a causal relationship between Glucagon-Like Peptide-1, or GLP-1, receptor agonists and suicidal behavior, suicidal ideation, self-injury and depression, the United Kingdom drug regulator announced. Novo Nordisk's (NVO) Semaglutide, or Ozempic, and tirzepatide, or Mounjaro, which is marketed by Eli Lilly (LLY), are both injectable GLP-1 drugs. Reference Link
T

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10:50 EDT AT&T awarded 10-year contract to provide U.S. DHS with GETS, WPS - AT&T was recently awarded a 10-year contract to provide the U.S. Department of Homeland Security, DHS, with Government Emergency Telecommunications Service, GETS, and Wireless Priority Service, WPS. The contract, initially awarded in March 2024 and valued at $146 million, was expanded in August to extend these services into next generation 5G networks. This contract is the latest in a more than 30-year relationship between AT&T and DHS. DHS's Cybersecurity & Infrastructure Security Agency, CISA, will provide mission-critical communications services that support the agency's national security and emergency preparedness mission.
UAMY

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10:48 EDT US Antimony enters lease agreement for Philipsburg, Montana facility - United States Antimony announced the execution of a lease agreement to become the operator of a fully permitted, environmentally compliant, 700 ton per day Contact Mill situated on private land located in Philipsburg, Montana. The Contact Mill is fully operational, complete with crushing, grinding, gravity, and dual flotation circuits. The Contact Mill has a stellar operational track record, proven in function many times over in prior years, has expansive tailings capacity, necessary support equipment, laboratories, and an experienced local technical workforce. By entering into the lease agreement, USAC will now manage a fully operational facility capable of upgrading both foreign and domestic ores that previously could not achieve the cut-off grade at the USAC operating Thompson Falls smelter, necessary to produce antimony trisulphide products that meet military specifications. The mill will also have the capability of upgrading most other metal sulphide ores and separating bi-metal and tri-metal ores into separate concentrate products, providing USAC with the flexibility to treat a variety of different critical mineral ores and achieve new income streams.
CNC

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10:47 EDT Centene's Iowa Total Care awarded statewide Medicaid contract - Centene's Iowa Total Care has been selected by the Iowa Department of Health and Human Services to continue providing Medicaid managed care services under the Iowa Health Link program. The Iowa Health Link program administers Iowa Medicaid, the Iowa Health and Wellness Plan and Healthy and Well Kids in Iowa, to eligible adults, children and pregnant women statewide. The four-year contract is expected to begin July 1, 2025, with a possible two-year extension. Iowa Total Care will continue to provide coordinated physical, behavioral and long-term care to more than 218,600 Iowa Medicaid, Iowa Health and Wellness Plan and Hawki members across 99 counties. Under the new contract, Iowa Total Care will expand the breadth of its home and community-based services while continuing to provide its adult, child and long-term support and services members with integrated care. Iowa Total Care is one of three managed care organizations to provide services.
BYU

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10:38 EDT BAIYU Holdings Inc trading resumes
STX

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10:37 EDT Seagate says working with cloud partner to get qualification into cloud segment - Says making "good progress," but product is progressing well and timing could extend into next quarter.
LECO

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10:36 EDT Lincoln Electric falls after CEO discusses 'continued deceleration' - Lincoln Electric CEO Steven Hedlund said earlier at the Stifel London Industrials Summit: "As we started the third quarter in July, we saw a continued deceleration in the business in July. August is a very difficult month for us to call. There's, as you well know, a lot of vacations and holidays in Europe. There's a lot of shutdowns in other parts of the world. So August is very tough for us to read. If September were to continue at the same pace, though, we would be looking at a further slowing in the business that would drop our full-year organic growth estimates to be now in the mid to high single-digit declines for the business. So that's what we're seeing as we sit today." Shares of Lincoln Electric are down 5% to $177.74 in morning trading.
BMRN

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10:30 EDT BioMarin trading halted, news pending
MMM

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10:16 EDT 3M sells over 300M Friction Shims worldwide - 3M has now made and sold more than 300 million Friction Shims worldwide."This is a significant milestone for us because we know 3M Friction Shims help our customers improve their design," said Amy McLaughlin, president of 3M's Advanced Materials Division. "We are very proud that we've now made and sold more than 300 million worldwide. 3M Friction Shims are a simple solution for stronger and more stable bolted connections." 3M Friction Shims increase friction coefficients in torsional and static joints, particularly in demanding automotive applications. Nickel-coated steel shims contain partially embedded diamond particles which resist breakage. When applied with pressure between two mating surfaces, the diamonds "bite" into each surface to create a microform fit.
SEM

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10:08 EDT Select Medical to acquire Valir Rehabilitation Hospital, terms not disclosed - Select Medical announced the signing of a definitive agreement to purchase Valir Rehabilitation Hospital, a 50-bed inpatient rehabilitation facility in Oklahoma City, from Valir Health. Financial terms of the deal were not disclosed. Select Medical also owns and operates Select Specialty Hospital - Oklahoma City, a critical illness recovery hospital, in the market as well as 29 Select Physical Therapy outpatient centers throughout the state, including two in Oklahoma City.
DBGI

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10:06 EDT Digital Brands launches AVO direct-to-consumer brand - Digital Brands Group announces the launch of AVO a new direct-to-consumer brand. As other premium brands have increased retail prices due to inflation, the Company believes an opportunity has opened to deliver premium apparel at lower prices by pursuing a DTC model that also provides significant discounts for bundling multiple products. This new model creates a value proposition in the premium segment, similar to how fast fashion created a value proposition in the mass market segment. AVO is a women's apparel brand whose premise is "You shouldn't have to choose between affordability and quality, and with AVO, you don't". AVO launched with premium fabric t-shirts, and we plan to feature monthly product drops and expand into additional top and bottom categories.
MZDAY

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10:06 EDT Mazda North American Operations reports August sales up 36.7% to 41,259 vehicles - Mazda North American Operations reported total August sales of 41,259 vehicles, an increase of 36.7% compared to August 2023. With 28 selling days in August, compared to 27 the year prior, the company posted an increase of 31.9% on a Daily Selling Rate, or DSR, basis.
SBGI CMCSA

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10:04 EDT Sinclair's TBD. adds previous SNL seasons to lineup - TBD. announced a deal with NBCUniversal Global TV Distribution, adding previous seasons of Saturday Night Live to the network's daily schedule this fall. NL is scheduled to debut on TBD. on Monday, September 30 with a special all-day marathon of various "Best of" specials; SNL then moves into its regular time period on October 1.
ASAN

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10:00 EDT Asana falls -12.3% - Asana is down -12.3%, or -$1.64 to $11.65.
CNM

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10:00 EDT Core & Main falls -13.6% - Core & Main is down -13.6%, or -$6.36 to $40.44.
REVG

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10:00 EDT REV Group falls -17.2% - REV Group is down -17.2%, or -$5.20 to $25.01.
SG

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10:00 EDT Sweetgreen rises 6.1% - Sweetgreen is up 6.1%, or $1.79 to $31.06.
ATHM

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10:00 EDT Autohome rises 7.1% - Autohome is up 7.1%, or $1.76 to $26.54.
CURV

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10:00 EDT Torrid rises 10.7% - Torrid is up 10.7%, or 66c to $6.80.
QMMM

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09:55 EDT QMMM Holdings Ltd trading resumes
NSC

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09:53 EDT Norfolk Southern reaches tentative agreement with train conductor union - Norfolk Southern said it has reached a tentative agreement with its final general committee of the International Association of Sheet Metal, Air, Rail and Transportation Workers - Transportation Division. SMART-TD is the company's largest labor union, representing train conductors. The latest agreement ensures coverage for all Norfolk Southern conductors and brings the total union workforce covered by early tentative agreements to nearly 65%, the company said in a statement. The agreement, which is subject to ratification, comes four months before the opening of the next collective bargaining round and provides a 3.5% average wage increase per year over the next five years. "Under the tentative agreements, covered railroaders will also receive more vacation earlier in their career and have enhancements made to an already robust suite of health care benefits," added Norfolk.
CNM

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09:48 EDT Core & Main falls -13.7% - Core & Main is down -13.7%, or -$6.40 to $40.40.
BYU

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09:48 EDT BAIYU Holdings Inc trading halted, volatility trading pause
ASAN

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09:48 EDT Asana falls -13.8% - Asana is down -13.8%, or -$1.84 to $11.45.
REVG

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09:48 EDT REV Group falls -26.2% - REV Group is down -26.2%, or -$7.90 to $22.31.
ATHM

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09:47 EDT Autohome rises 4.7% - Autohome is up 4.7%, or $1.16 to $25.93.
CIEN

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09:47 EDT Ciena rises 5.5% - Ciena is up 5.5%, or $3.04 to $58.38.
CURV

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09:47 EDT Torrid rises 13.5% - Torrid is up 13.5%, or 83c to $6.97.
QMMM

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09:45 EDT QMMM Holdings Ltd trading halted, volatility trading pause
KSCP

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09:41 EDT Knightscope announces three new contracts for ECDs - Knightscope announces three new contracts for its Emergency Communication Devices. Knightscope Authorized Partner, Colonial Electric - an electrical contractor serving the Northeast - sold 4 K1 Blue Light Towers to a customer in New Jersey, and universities in California and Texas - both existing clients - elected to expand their existing contracts to include other long-term ECD services provided by Knightscope.
CB

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09:38 EDT Chubb appoints Greg Giardiello as global controller - Chubb Limited announced that Greg Giardiello is joining Chubb as Global Controller, effective today. Giardiello will report to George Ohsiek, Vice President, Chubb Group and Chief Accounting Officer, and be based in Chubb's Philadelphia office. As Global Controller, Giardiello succeeds Mong-Diep "Dee" Le, who was recently named Chubb's Chief Auditor. "Adding outside skills and perspectives to the deep knowledge and expertise in corporate finance and accounting that already flourish at Chubb makes us even stronger," said Peter Enns, Executive Vice President, Chubb Group and CFO. Giardiello joins Chubb from QBE Insurance Group, where he was Deputy Finance COO.
VLRS

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09:36 EDT Volaris reports August ASM capacity down 15.1% y/y - In August 2024, Volaris' ASM capacity decreased by 15.1% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Volaris transported 2.6 million passengers during the month at a load factor of 87.0%, flat against last year's levels. RPMs for the month decreased by 15.3%, with Mexican domestic RPMs down by 22.0%, while international RPMs were effectively flat. Enrique Beltranena, Volaris' President and CEO said: "Our strategic fleet mitigation plan is on track and continues to deliver favorable outcomes. We have met our goals since the engine inspections began, and we are managing the situation with almost 30% of our fleet on the ground. We reaffirm our annual capacity guidance, which indicates an approximate 14% reduction. Volaris concluded the summer high season with a very solid operational performance and strong demand, which drove high load factors. Please note that comparable load factor figures from August through December of last year already include the consolidation of flights driven by the first round of accelerated P&W engine inspections."
EL ZGN

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09:35 EDT TOM FORD appoints Haider Ackermann as creative director - TOM FORD announces the appointment of Haider Ackermann as Creative Director, effective immediately. In his new role, Ackermann will assume the creative leadership across all TOM FORD fashion categories, including menswear, womenswear, accessories, and eyewear, and guide the creative vision for the overall brand. TOM FORD is owned by The Estee Lauder Companies (EL) with the fashion business licensed to the Ermenegildo Zegna Group (ZGN) and the eyewear business licensed to Marcolin SpA. Ackermann's first collection will debut at Paris Fashion Week in March 2025. He will be based in Paris, reporting to Guillaume Jesel, President and CEO, TOM FORD and Luxury Business Development, The Estee Lauder Companies, and to Lelio Gavazza, CEO, TOM FORD FASHION, Ermenegildo Zegna Group.
BLDE

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09:31 EDT Blade Air Mobility enters partnership with Qatar Airways - Blade Air Mobility announces its interline partnership with leading global airline, Qatar Airways. This partnership enables Qatar Airways passengers to travel to or from Monaco on a single ticket, seamlessly connecting from their commercial airline to a BLADE helicopter that will fly them into the heart of Monaco. Upon landing at the Monte Carlo heliport, a BLADE limousine service will drive them to their hotel/local destination. In addition to Qatar Airways and BLADE's obsession with exceptional passenger experience, they share a passion for Formula One. Qatar Airways is the Global Partner and Official Airline of Formula 1 and BLADE flies more passengers to the Monaco Grand Prix than to any other event worldwide.
GNPX

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09:30 EDT Genprex plans to launch separate company to focus on gene therapy - Genprex announced its intention to transfer the company's diabetes clinical development program and its diabetes gene therapy assets into a new, wholly-owned subsidiary. NewCo would focus on developing and commercializing GPX-002, a diabetes gene therapy drug candidate for the treatment of Type 1 and Type 2 diabetes. The planned spin-out transaction would allow both Genprex and NewCo to enhance each company's focus on meeting the needs of their respective markets, patients and stakeholders. The spin-out, if completed as presently contemplated, would result in NewCo focusing on developing GPX-002, while Genprex would retain its oncology clinical development programs and other oncology pipeline assets. The decision to pursue the reorganization demonstrates Genprex's strong ongoing commitment to the company's streamlined, focused strategies and ongoing research and development prioritization initiative. The potential formation and transfer of the clinical development program into the wholly-owned subsidiary is currently anticipated to occur by the end of 2024, subject to adequate financing, the satisfaction of customary conditions and final approval from the Genprex management and Board of Directors.
HEPA

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09:26 EDT Hepion, Pharma Two B file registration statement for proposed merger - Pharma Two B and Hepion Pharmaceuticals announced the filing of a registration statement of Pharma Two B on Form F-4 with the U.S. Securities and Exchange Commission. The Registration Statement contains a proxy statement/prospectus in connection with the proposed merger transaction pursuant to the definitive agreement entered into between Pharma Two B and Hepion. While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important information about Pharma Two B and Hepion and the Proposed Transaction. As announced on July 22, 2024, Pharma Two B intends to become a publicly traded company on Nasdaq through a merger transaction with Hepion. The Proposed Transaction, which has been approved by the respective boards of directors of Pharma Two B and Hepion, is expected to close in the fourth quarter of 2024 and remains subject to approval by both Pharma Two B and Hepion's respective stockholders, regulatory approval, listing of Pharma Two B's ordinary shares on Nasdaq under the ticker symbol "PHTB" and other customary closing conditions. Upon the anticipated closing of the Proposed Transaction, the combined company will operate under the "Pharma Two B" name.
NE DO

Hot Stocks

09:21 EDT Noble completes acquisition of Diamond Offshore adding $2B of backlog - Noble Corporation (NE) announces the completion of its acquisition of Diamond Offshore Drilling (DO). This transaction enhances Noble's position as a leading offshore driller, creating the largest fleet of 7th generation dual-BOP drillships in the industry, and adding approximately $2B of backlog. Following completion of the acquisition of Diamond, the Company's board of directors has appointed Patrice Douglas from the Diamond board of directors to serve as a new director of Noble. Following Noble's acquisition of Diamond, investors should not rely on Noble's previously issued financial guidance for 2024, which is no longer applicable on a combined company basis. Noble has published an updated fleet status report reflecting the addition of the Diamond rigs and other updates, chiefly the addition of 4.8 rig years of backlog recently awarded under the Commercial Enabling Agreement with ExxonMobil for the Company's four drillships operating in Guyana. These updates increase Noble's current backlog to $6.7B.
TZUP

Hot Stocks

09:18 EDT Thumzup to promote platform at Main Street Block Party, Day of the Dog Festival - Thumzup Media announced its participation in the Main Street Block Party and Day of the Dog Festival, taking place on Saturday, September 7, 2024. Thumzup will host a booth at the event from 12:00 PM to 7:00 PM PT, promoting its proprietary app that allows users to earn cash for their social media posts. Attendees at the Main Street Block Party and Day of the Dog Festival, the nation's largest pet festival, will have the opportunity to earn $20 by posting about their experience at the event through the Thumzup app. Additionally, they can earn up to $110 more by posting about their visits to participating Main St. businesses, including Dolcenero Gelato, The Bike Shop Santa Monica, Ubatuba Acai, Ashland Hill, Juneshine, Beyond O2, Jinya Ramen, VCA of Santa Monica, Rabano, Jameson's Pub, and the Pump Station.
MULN

Hot Stocks

09:17 EDT Mullen ships initial commercial EVs under contract with Volt Mobility - Mullen Automotive announces the shipment of initial vehicles under a significant $210M purchase contract with Volt Mobility, based in the United Arab Emirates. Mullen to recognize revenue under the agreement in fiscal quarter 1, beginning on Oct. 1, 2024. The agreement is for Volt to purchase 3,000 Mullen Class 1 and Class 3 EV cargo vans and trucks over a 16-month period. Mullen shipped the initial commitment of commercial EV cargo vans and trucks on September 2, 2024. The initial shipment of vehicles represents the first phase of the multi-vehicle agreement between Mullen and Volt Mobility with the planned shipment of 300 vehicles in CY 2024. The contract includes a $3M initial deposit, as referenced in the Company announcement from Aug. 26, 2024, and as part of the program initiation with additional payments expected as the vehicles are shipped. Volt intends to lease these vehicles to its corporate customers based in the Middle East and Gulf States. Current Volt clients include UPS, DHL and FedEx throughout the Gulf Cooperation Council region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
CRML

Hot Stocks

09:12 EDT Critical Metals commences drilling at Tanbreez rare earth deposit - Critical Metals announced the launch of a diamond drilling program at the Tanbreez Greenland Rare Earth Mine. The drilling program consists of 14 holes with a total cumulative length of up to 2,200 m and will evaluate the resources contained in the mine and the mine's projected lifespan. The drilling program is expected to last approx. 30 days subject to the appropriate weather conditions and site accessibility. "The Tanbreez project offers immense potential for reducing western countries' reliance on China for critical materials needed to support the transition to clean energy and defense applications, thereby bolstering national security," said Tony Sage, CEO. "We look forward to the results of this drilling program as we continue to advance our development strategy for this foundational rare earth asset."
CEIN

Hot Stocks

09:10 EDT Camber Energy receives fifth patent, notice of allowance for sixth - Camber Energy received a new patent along with a Notice of Allowance for an additional patent concerning its portfolio of Broken Conductor Protection technologies, which are designed to assist utility companies with wildfire mitigation, public safety and grid resiliency initiatives. Broken electrical conductors pose a public safety risk due to the possibility of human contact with the conductors and the potential for arcing to ignite wildfires. The Company's technology is designed to detect a broken conductor and de-energize the power line before it touches the ground or nearby equipment, thus reducing the risk of safety hazards caused by a downed, energized power line. U.S. Patent No. 12,074,424 "End of Line Protection with Trip Signal Engaging", was issued by the U.S. Patent and Trademark Office on August 27, 2024 to the Company's majority-owned subsidiary, Viking Sentinel Technology, LLC, and is in addition to patents previously disclosed by the Company. The Notice of Allowance recently received by the USPTO is regarding patent application No. 17/628,545 entitled "End of Line Protection with Blocking", and the associated patent is expected to be issued in the coming weeks.
APDN

Hot Stocks

09:09 EDT Applied DNA Sciences receives subcontract award from LRQA - Applied DNA Sciences announced the receipt of a subcontract award from LRQA following a competitive tender for a pilot isotopic testing program. Under the terms of the subcontract, Applied DNA, together with its traceability partner, Isotech, will employ CertainT to conduct isotopic testing and analysis to support cotton traceability in Pakistan. Financial terms of the subcontract were not disclosed. CertainT is Applied DNA's textiles traceability platform that uses forensic, multiple-proof-point evidence to enable source and authenticity verification of materials and products at any point as they are transformed through global supply chains. LRQA is a leading global assurance company that brings together decades of unrivaled expertise in assessment, advisory, inspection, and cybersecurity services. The subcontract with Applied DNA was issued in support of the Global Trace Protocol project, a U.S. Department of Labor-funded initiative implemented by LRQA that is designed to reduce child and forced labor in global supply chains through traceability. The Project engages with trace experts, global brands, Pakistan's cotton sector, and worker organizations to design, implement, and assess the pilot trace tool to improve its future application and develop publicly available commodity-agnostic trace resources for enhanced due diligence.
FAT

Hot Stocks

09:08 EDT Fat Brands' wing concepts gear up for football season with new menu items - FAT Brands announces new limited-time menu items across its portfolio of wing concepts heading into fall and football season, available at participating locations now through Dec. 15. Hurricane Grill & Wings - Huddle up at Hurricane Grill & Wings and dig into fan-favorite dishes and new shareables, including Carne Asada Loaded Fries, Honey Hot Wings and Boom Boom Sliders. Guests can also celebrate their teams' return to the field with new cocktails including the Spicy Guava Rita; the Old Fashioned; and the Red Bull A'Rita. Guests can also enjoy Miller Lite, High Noon and Modelo Especial beer bucket specials for professional and college football games. Native Grill & Wings - Get gameday ready with Native Grill & Wings with an all-new winning menu line-up, featuring zesty Chicken Bruschetta Flatbread, a hearty Native Meatball Appetizer or Sub, and a savory White Garlic Pizza. A new playbook of cocktails has also arrived including El Jefe and Tito's Handmade Vodka Strawberry Lemonade. For professional and college football games, 20-ounce draft specials of Modelo Especial and Coors Light are also available. Buffalo's Cafe - Join the herd at Buffalo's Cafe to take in all the action with hot new items including Firecracker Wings or Shrimp and a Sidewinder Wrap. Need a sidekick? Sip on the all-new Downhome Punch featuring Evan Williams Bourbon, Peach Schnapps, Citrus Sour, orange juice and lemon-lime soda. Beer bucket specials of Miller Lite and Modelo Especial are also available during professional and college football games.
JBLU

Hot Stocks

09:06 EDT JetBlue teams with UBS Arena & the New York Islanders - JetBlue (JBLU)a nnounced a new multi-year partnership with UBS Arena (UBS) and the New York Islanders as the Official Domestic Airline Partner. As New York's Hometown Airline JetBlue is proud to align with an award-winning arena and sports team that shares its customer-centric approach to partnerships and enhancements as the airline continues to underscore its commitment to its loyal TrueBlue and TrueBlue Mosaic customers. "JetBlue is excited to lace up with the New York Islanders and UBS Arena for the ultimate New York power play as the Official Domestic Airline Partner," said Marty St. George, president of JetBlue. "With new JetBlue service from Long Island MacArthur Airport ISP launching next month, we're excited to become an even bigger part of the Long Island community, home of some of our most loyal customers."
PACB

Hot Stocks

09:06 EDT PacBio announces collaboration with University Hospital of Munster - PacBio announced a collaboration with the University Hospital of Munster, to use long-read whole genome sequencing to significantly advance male infertility and rare disease research. By deploying PacBio's Revio HiFi sequencing system, researchers at Munster will obtain highly accurate genomic data essential for addressing complex genetic issues associated with male infertility, including the Y chromosome.
INTA

Hot Stocks

09:06 EDT Intapp announces Alpaca Real Estate is live on Intapp DealCloud - Intapp announced that Alpaca Real Estate is live on Intapp DealCloud. The New York City-based firm is using DealCloud to improve data management and drive better trend analysis and decision-making. "As a thesis-driven real estate firm, we know the markets and property types we want to invest in," said Peter Weiss, Co-Founder and Managing Partner at Alpaca Real Estate. "Alpaca Real Estate drives alpha through relative value, focusing on opportunities that present a better market positioning and growth trajectory compared to similar assets."
TENB

Hot Stocks

09:05 EDT Tenable announces risk prioritization, compliance features for Tenable Nessus - Tenable announced new risk prioritization and compliance features for Tenable Nessus, a vulnerability assessment solution. Nessus supports new and updated vulnerability scoring systems-Exploit Prediction Scoring System and Common Vulnerability Scoring System v4-to help customers implement more effective prioritization for risk reduction and maintain compliance.
X NPSCY

Hot Stocks

09:05 EDT U.S. Steel employees to rally in support of Nippon Steel transaction - The company said, "Employees of United States Steel Corporation (X) today will host a rally at the U. S. Steel Tower in Pittsburgh in support of the Nippon Steel (NPSCY) transaction. Employees will call on elected officials in Pennsylvania and across the nation to recognize the significant merits of the transaction for U. S. Steel employees, communities, customers, and American steelmaking."
SFIX W

Hot Stocks

09:05 EDT Stitch Fix adds Baxter, Tan to board of directors - Stitch Fix (SFIX) announced that it has appointed Timothy Baxter and Fiona Tan to its Board of Directors, effective Oct. 14. Baxter has more than 30 years of retail leadership experience. In his most recent role, he served as Chief Executive Officer of fashion apparel retailer Express. Tan has more than 25 years of experience leading technology and innovation teams at retail and software companies. She currently serves as Chief Technology Officer of Wayfair (W).
AMPG

Hot Stocks

09:04 EDT AmpliTech Group's AGTGSS division to participate at key trade shows - AmpliTech Group announces the company's participation at two key trade shows domestically and abroad to be held at Las Vegas and Barcelona during the months of October 2024 and March 2025 respectively. "After our significant milestone of unveiling our comprehensive Private 5G End-to-End Solutions to the 5G market, it is critical now we embark on a full business development mode and actively participate at 5G industry events" said Fawad Maqbool, CEO/CTO at AmpliTech Group. "We are fully committed to our growth strategy and will actively participate to make it happen. Our solution empowers businesses and communities with the capability to deploy robust, high-speed 5G networks tailored to their specific needs, whether for industrial applications, residential connectivity, or smart city and smart hub initiatives. The era of true 5G connectivity from tower to home is here!" Furthermore, Mr. Maqbool stated, "Our Private 5G product suite can be sold as stand-alone products, which we soon expect to have our first order for, and as part of a comprehensive end-to-end solution program which includes products and services bundled together, being flexible this way, enhances our chances of 5G customers to take our products, experience their performance and put our brand name out there and start being recognized as premiere supplier of 5G solutions".
EDBL

Hot Stocks

09:03 EDT Edible Garden announces USDA Organic herb line available at Superfresh - Edible Garden AG announced that its USDA Organic herb product line is now available at Superfresh, City Supermarket and Fine Fare Supermarkets locations in New Jersey. Jim Kras, CEO of Edible Garden, stated, "We are thrilled to announce that Superfresh, City Supermarket, and Fine Fare Supermarkets in New Jersey will now feature our locally grown, sustainable herbs. Adding these retailers to our Northeast distribution network further strengthens our presence in the region, and we are excited to provide them with the reliable service and fresh, high-quality products that Edible Garden is known for. These supermarkets exemplify a strong commitment to quality, diversity, and community, making them standout choices for shoppers across New Jersey, and ideal partners for Edible Garden."
GPRO

Hot Stocks

09:03 EDT GoPro announces two new cameras - GoPro announced two new GoPro cameras: the top-of-the-line $399 HERO13 Black with its HB-Series Lenses, and the smallest, simplest 4K camera, the $199 HERO. Each camera offers unique new features that build upon GoPro-patented, customer-favorite technologies.
CHTR AMCX

Hot Stocks

09:02 EDT Charter and AMC Networks to renew distribution agreement - AMC Networks (AMCX) and Charter Communications (CHTR) announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry AMC Networks' portfolio of linear cable networks for multiple years to come. Continuing Charter's industry-leading strategy of including programmer streaming apps in the cable bundle to enhance the value proposition, the ad-supported version of AMC Networks' direct-to-consumer streaming service AMC+ will be included at no additional cost to Charter's Spectrum TV Select customers. Additionally, Charter will make AMC+ available for purchase to its millions of Internet-only customers. With the addition of AMC+, Charter, through its programming deals, will be providing its Spectrum TV Select Plus customers more than $40/month in retail value for streaming apps, and over $30/month in retail value for Spectrum TV Select/Select Signature customers. Financial terms of the agreement were not disclosed.
ABT

Hot Stocks

09:02 EDT Abbott initiates TRANSCEND study - Abbott announced it has initiated a pivotal clinical trial, called the TRANSCEND study, to evaluate the use of the company's deep brain stimulation system to manage treatment-resistant depression, a form of major depressive disorder. The U.S. FDA granted Abbott Breakthrough Device designation to explore use of DBS for TRD under its Breakthrough Devices Program, which expedites the review of innovative technologies that can improve the lives of people with life-threatening or irreversibly debilitating diseases or conditions.
HYMTF

Hot Stocks

08:56 EDT Hyundai Motor America reports total August sales of 79,278 units, up 22% y/y - Hyundai Motor America reported record total August sales of 79,278 units, a 22% increase compared with August 2023. Hyundai set total sales records in August for IONIQ 5 (+33%), Santa Fe HEV (+120%), Tucson (+14%), Tucson PHEV (+6%) Tucson HEV (+97%) and Palisade (+84%). Hyundai's eco-friendly retail sales were up 49% in August, representing 25% of retail. Hybrid-only retail sales jumped 81% and retail EV sales climbed 27% with the IONIQ 5 increasing 74%. Retail sales for Tucson ICE (+36%), Tucson HEV (+113%) and Palisade (+65%) also performed exceptionally well. Fleet sales for the month were 7% of total sales.
CIEN

Hot Stocks

08:51 EDT Ciena says to provide detailed FY25 guidance in December - Notes that FY24 to be transition year.
LPLA

Hot Stocks

08:50 EDT LPL Financial to acquire The Investment Center, terms not disclosed - LPL Financial announced that the firm has entered into a definitive agreement to acquire The Investment Center, a broker-dealer and registered investment adviser based in Bedminster, N.J. "The Investment Center fosters an entrepreneurial approach that has driven their success in reaching nearly $9 billion in assets," said Rich Steinmeier, managing director and chief growth officer at LPL Financial. "By bringing The Investment Center's 240 high-performing advisors to LPL, we look forward to serving their thriving businesses and providing them our industry-leading service and technology." The Investment Center was founded in 1986 to provide back-office support services, investment tools, technology and a broad selection of non-proprietary products to a national network of independent financial advisors. The Investment Center shares LPL's advisor-first philosophy, and its emphasis on independence has been key to its growth. The Investment Center and LPL were introduced as part of LPL's planned acquisition of Atria Wealth Solutions, Inc., which was announced earlier this year. LPL expects to close and convert the acquisition of The Investment Center in the first half of 2025, subject to receipt of regulatory approval and other conditions.
NEOV

Hot Stocks

08:48 EDT NeoVolta secures $5M line of credit - NeoVolta announced the securing of a $5M Line of Credit from National Energy Modelers. This strategic financial arrangement is a significant milestone for NeoVolta, as it bolsters the company's working capital while preserving shareholder equity. The LOC is a pure debt financing agreement with no equity component. This allows NeoVolta to advance its short-term objectives and capitalize on emerging opportunities in the residential energy sector without the risk of equity dilution for its shareholders. Importantly, pursuant to the LOC NeoVolta agreed not to utilize its Form S-3 registration statement. This means that NeoVolta cannot issue shares under the 'shelf' registration statement without the lender's consent, effectively addressing recent investor concerns about potential dilution arising from the registration statement. The LOC will provide NeoVolta with the necessary capital to advance its strategic initiatives, ensuring that the company can continue to innovate and lead in the rapidly evolving solar storage market.
CIEN

Hot Stocks

08:47 EDT Ciena targeting repurchase of $250M in shares by end of FY24
LQR

Hot Stocks

08:47 EDT LQR House announces 540% year-over-year revenue growth in August - LQR House announced a significant 540% year-over-year increase in revenue for the month of August 2024, compared to the same period in 2023. In August 2023, LQR House reported revenues of $38,425.00. Fast forward to August 2024, the Company experienced an impressive revenue surge, reaching $246,005.12. Sean Dollinger, CEO of LQR House, commented, "We believe that the partnerships we've forged have been instrumental in propelling our revenue to new heights. By leveraging influencer-driven content, we've successfully increased traffic to our platform, CWSpirits.com in August 2024 comparing to August 2023. Additionally, we believe that the introduction of even more mainstream inventory has further fueled sales growth. We're particularly excited about the expansion of the SWOL Tequila brand into new markets, and we remain committed to building on this momentum as we continue to scale."
MTWO

Hot Stocks

08:46 EDT M2i Global appoints Alberto Rosende as CEO - M2i Global announced Major General Alberto "Al" Rosende as its CEO. He previously served as COO.
CIEN

Hot Stocks

08:45 EDT Ciena 'encouraged' by improving industry dynamics - Comments taken from Q3 earnings conference call.
ASTS

Hot Stocks

08:45 EDT AST SpaceMobile provides interim business update on upcoming orbital launch - AST SpaceMobile provided an interim business update. The launch of AST SpaceMobile's upcoming satellites is targeted on or after September 12 from Cape Canaveral, Florida and over $155M in proceeds is expected from its previously-announced redemption of warrants, resulting in over $440M in cash on a pro forma basis as of June 30. The first five commercial satellites, called BlueBirds, each featuring the largest ever commercial communications arrays to be deployed in low Earth orbit, represent a milestone in AST SpaceMobile's mission to provide reliable cellular broadband service. This large array of antennas is designed to reach standard smartphones directly at cellular broadband speeds for voice, data and video and other non-communications government applications. After launch, the BlueBird satellites are planned to offer non-continuous cellular broadband service across the United States and in select markets globally. This initial service, based on premium low band spectrum, is planned to support beta test users for AT&T and Verizon, and will target approximately 100% nationwide coverage from space with over 5,600 coverage cells in the United States.
DRQ

Hot Stocks

08:44 EDT Dril-Quip urges stockholders to Vote merger with Innovex - The Dril-Quip, Board of Directors unanimously recommends and urges Dril-Quip stockholders to vote "FOR" the proposed merger with Innovex Downhole Solutions or Innovex, and each of the proposals to be considered at the special meeting on Thursday, September 5.... The merger of Dril-Quip and Innovex is immediately and significantly accretive on all core metrics to Dril-Quip stockholders and offers the following strategic merits: Positions the Company with a scaled and diversified global market presence..."Establishes a curated portfolio of complementary, mission-critical products... Enables key market expansion through cross-selling and accelerated penetration - lower 48, Canada, Saudi Arabia and global offshore ... Unlocks significant and achievable cost synergies of approximately.."
VTAK

Hot Stocks

08:44 EDT Catheter Precision reports LockeT purchase order in greater Chicago area - Catheter Precision announced its first purchase order from a hospital in the greater Chicago area. As previously announced, the company has recently expanded their US sales and clinical team in preparation for the national product launch of LockeT which includes the Chicago region. The newest purchase order comes from one of the hospitals within the the Endeavor Health System, which includes 9 hospitals, more than 300 care sites and over 7,100 physicians, making it the third largest healthcare system in Illinois.
ICU

Hot Stocks

08:43 EDT SeaStar Medical eliminates all long-term debt - SeaStar Medical Holding reports that it has now retired all long-term debt, which will be reflected on its balance sheet for the quarter ending September 30, 2024.
NVTS

Hot Stocks

08:42 EDT Navitas Semiconductor releases portfolio of third-generation SiC MOSFETs - Navitas Semiconductor announced the release of a portfolio of third-generation automotive-qualified SiC MOSFETs in D2PAK-7L and TOLL surface-mount packages. Navitas' proprietary 'trench-assisted planar' technology provides world-leading performance over temperature and delivers high-speed, cool-running operation for electric vehicle charging, traction, and DC-DC conversion. With case temperatures up to 25 degrees C lower than conventional devices, Gen-3 Fast SiC offers an operating life up to 3x longer than alternative SiC products, for high-stress EV environments.
NTGR SSNLF

Hot Stocks

08:42 EDT Netgear teams with Samsung Electronics on interoperability and roaming - Netgear (NTGR) announced a strategic collaboration with Samsung Electronics' System LSI Business (SSNLF) to help create seamless interoperability and roaming between NETGEAR Business WiFi 7 access points and Samsung's WiFi 7 client chipset solution. In environments with multiple mobile devices all needing to get online at any time, one of the biggest issues to solve is WiFi roaming. Stationary devices that connect to one access point all the time don't usually have a problem getting online, but users with cell phones, moving from one floor to another in an office building or from building to building on a campus may experience some lag in connectivity as their phones disconnect from one access point and try to connect to the next. The problem is amplified in an auditorium, for example, where hundreds of users converge in one place and try to connect to the same access point all at once. This pain point, identified by NETGEAR and Samsung as a top priority, is bringing the two companies together to work on a solution.
REBN

Hot Stocks

08:41 EDT Reborn Coffee closes master license agreement for Sichuan Province, China - Reborn Coffee announces a significant expansion into the China market through a strategic Master License Agreement with Chengdu Octaday Entertainment Group, facilitated by Reborn China. This transformative partnership will establish Reborn Coffee's premier locations in Chengdu, the bustling capital of Sichuan Province, a region known for its rich cultural heritage and home to over 83 million people.
DUO

Hot Stocks

08:41 EDT Fangdd Network announces updates on substitution listing plan - Fangdd Network Group announced further updates on its substitution listing plan. As previously announced on June 3 and July 31, 2024, the Company intends to terminate its existing American depositary receipts facility and list its Class A ordinary shares for trading on The Nasdaq Stock Market in substitution for the American depositary shares. The Company expects that, upon the effectiveness of the Substitution Listing, its ADSs will cease to be listed on Nasdaq while the Class A ordinary shares represented by the ADSs will trade on Nasdaq under the symbol of "DUO." The Company has appointed VStock Transfer, LLC as its United States transfer agent for the Substitution Listing. To facilitate the Substitution Listing, The Bank of New York Mellon will call for the surrender of all ADSs to be exchanged into the Company's Class A ordinary shares on a mandatory basis. For ADSs held by participants of The Depository Trust Company, the Depositary will instruct the U.S. Transfer Agent to register a transfer of the number of deposited shares represented by those ADSs to DTC for allocation by DTC to the participant accounts entitled to them; and for uncertificated ADSs held by owners other than DTC, the Depositary will instruct the U.S. Transfer Agent to register transfers of the number of deposited shares represented by uncertificated ADSs in the names of the respective owners. The Company anticipates that the Mandatory Exchange will not take effect on September 4, 2024, as initially scheduled. The Company is actively working with DTC, Nasdaq and other related parties to finalize the Mandatory Exchange and will announce the effective date as soon as it becomes available. ADS holders do not need to take any action and the Depositary will not charge ADS holders any fees in connection with the Mandatory Exchange. The Depositary will issue a notice regarding the Mandatory Exchange to supersede its prior notice issued to ADS holders on July 30, 2024. There remains uncertainty regarding whether and when the Company will be able to obtain clearance from Nasdaq to effectuate the Mandatory Exchange and the Substitution Listing. Prior to the exchange date, Nasdaq may suspend the trading of the Company's ADSs until such time as the Mandatory Exchange and the Substitution Listing shall have taken effect or as otherwise determined by Nasdaq.
LIXT

Hot Stocks

08:40 EDT Lixte Biotechnology receives U.S. patent issue notification for Immune Oncology - LIXTE Biotechnology announced it has received a Notice of Allowance from the United States Patent and Trademark Office, USPTO, for U.S. Patent application number 16/467,721, titled, "Oxabicycloheptanes for Modulation of Immune Response," for combining the Company's LB-100 compound with various innovative cancer immunotherapies. "The patent award further bolsters LIXTE's existing intellectual property portfolio and underscores the Company's commitment to pioneering research and delivering innovative solutions to patients battling cancer," said Bas van der Baan, LIXTE's Chief Executive Officer.
WLDS

Hot Stocks

08:40 EDT Wearable Devices publishes report by extended reality team - Wearable Devices has published its third comprehensive report by its extended reality team. This report reviews the integration of wearable and camera gesture-control technologies and sets a definitive benchmark for the future of gesture-control wearables. The report, titled "Interaction Beyond Boundaries: Integrating Wearable Neural Interfaces and Gesture Recognition Cameras for Enhanced User Experience," establishes that Wearable Devices is in a unique position leveraging both market knowledge and advanced neural technology perspectives. The insights presented in this new report provide an essential requirements framework for any commercially viable and truly useful gesture-control wristband. As such, it sets the bar for the entire wearables market against which all future gesture-control wristbands and rings should be measured. The report also analyzed how the Mudra input wristband can be tailored to provide natural and intuitive input solutions for screenless, limited and rich display face-worn products. For screenless devices, like the Meta Ray-Ban smart glasses, discrete finger movements such as tap, a double-tap, and index or thumb finger movements with wrist orientation can emulate a controller-type input. For monocular displays, used in products such as the Google Glass Edition 2, using flicks - hand swipes and scrolls - for navigation, and tap/double tap gestures to input commands offers clear, distinct directional gestures such as a directional pad, that maximizes accuracy and minimize the likelihood of accidental presses. For mixed reality rich display headsets, the Mudra wrist-worn input solution can offer a full pointing device capability - navigating a cursor using wrist movements and gesturing using tap and drag gestures.
CNDT

Hot Stocks

08:39 EDT MedRisk completes acquisition of Casualty Claims business from Conduent - MedRisk has completed the acquisition of the Casualty Claims Solutions business, including the portfolio of Strataware products, services, and technologies, from Conduent Incorporated. The acquired business encompasses workers' compensation and auto casualty bill review solutions and services, including the processing of medical bills and clinical services.
WDDD

Hot Stocks

08:39 EDT Worlds Inc. uplists to OTCQB - Worlds uplisted from the OTC Pink Market to the OTCQB Venture Market, effective for trading immediately. Worlds will continue to trade under the ticker symbol "WDDD."
AMPX

Hot Stocks

08:38 EDT Amprius Technologies signs LOI with technology OEM - Amprius Technologies announced it has signed a non-binding letter of intent, or LOI, with a Fortune Global 500 technology OEM to develop a high-energy SiCore cylindrical cell for light electric vehicle, or LEV, applications. The LOI demonstrates both parties' intention to enter into a commercial supply agreement that will cover the next five years. The Fortune Global 500 technology company has a presence in the LEV industry and is looking to enhance its product offerings through this strategic partnership with Amprius. The potential future business associated with the non-binding LOI could provide Amprius with battery production orders exceeding 2 GWh over the proposed contract's duration. Under this LOI, Amprius will design and deliver high energy density cylindrical cells based on Amprius' SiCore anode chemistry with a 25% capacity improvement over the current industry standard. While the performance specifications are still being finalized, this development aims to substantially increase energy capacity. Amprius has secured over 125M SiCore cylindrical cell annual production capacity through contract manufacturing partnerships. Additional capacity will be available in 2025. Amprius will begin shipping the first group of SiCore cylindrical cells designed for this application to the customer this year.
OTLK

Hot Stocks

08:37 EDT Outlook Therapeutics announces completion of enrollment in NORSE EIGHT trial - Outlook Therapeutic announced the completion of enrollment for its NORSE EIGHT clinical trial evaluating ONS-5010 in wet AMD patients. NORSE EIGHT is the subject of a Special Protocol Assessment, SPA, agreement with the FDA, and, if successful, is the final anticipated clinical trial required before expected resubmission of the Outlook Therapeutics' Biologics License Application, BLA, for ONS-5010. "We are very pleased to complete this important milestone in our effort to resubmit our BLA for ONS-5010. On behalf of Outlook Therapeutics, I would like to express gratitude to the patients and dedicated teams at the clinical sites, as well as our clinical and regulatory staff, who enrolled this entire patient population in less than 8 months after our SPA agreement from FDA," commented Russell Trenary, President and Chief Executive Officer of Outlook Therapeutics.
TEM BNTX

Hot Stocks

08:37 EDT Tempus announces real world data collaboration with BioNTech - Tempus AI (TEM) announced a multi-year collaboration with BioNTech SE (BNTX). This collaboration leverages Tempus' robust multimodal datasets in support of BioNTech's next-generation oncology pipeline. Under this collaboration, Tempus is providing analytical support and computational biology expertise to BioNTech across its comprehensive research and development oncology pipeline. BioNTech will work collaboratively with Tempus to leverage Tempus' real-world multimodal database to generate novel insights into the biological mechanisms supporting the discovery of new therapies and aiming to enhance the development of BioNTech's clinical oncology pipeline. "We are looking forward to collaborating with BioNTech to combine our real-world multimodal data and cutting-edge computational technology to help advance their differentiated oncology pipeline," said Ryan Fukushima, Chief Operating Officer of Tempus. "By applying Tempus' extensive real-world multimodal data to BioNTech's AI capabilities and multi-platform discovery engine, we believe we can generate a real impact by working to bring novel therapies to those cancer patients who could potentially benefit the most."
DXR

Hot Stocks

08:37 EDT Central Florida hospital implements Daxor BVA-100 blood volume diagnostic - Daxor Corporation announces the expansion of its blood volume analysis capabilities through its ezBVA Lab service. Daxor will partner with the hospital to provide lab processing of its patient tests, providing a rapid 24-hour testing service that is highly efficient for the hospital to implement.
AIRJ

Hot Stocks

08:36 EDT Montana Technologies announces MOU with Clairity Technology - Montana Technologies announces the signing of a Memorandum of Understanding, MOU, with Clairity Technology to deploy AirJoule units in support of Clairity's direct air capture, DAC, carbon dioxide removal operations. Montana Technologies and Clairity agreed to explore ways that AirJoule can enhance the performance of Clairity's DAC reactor. The proprietary process developed by Clairity captures carbon dioxide molecules in the air, while AirJoule's advanced dehumidification technology can be used to regulate humidity and ensure optimal operations of the DAC reactors across a wide range of operating conditions.
DDD

Hot Stocks

08:36 EDT 3D Systems announces QuickCast Air - 3D Systems announced QuickCast Air, an advanced tool in its investment casting portfolio, designed to maximize material removal from the interior of casting patterns. This enables reduced material consumption, lower pattern costs, faster build times, cleaner burnout processes, and improved draining efficiency. As a result, end-users in industries such as foundries, aerospace & defense, and energy can reliably deliver large, high-precision investment casting patterns at a fraction of the time and cost of traditional tooling and with no limitation on geometric complexity. QuickCast Air is already helping some of the Company's large-volume aerospace customers reduce the material consumption on their patterns by up to 50%. Additionally, customers are seeing a multi-hour reduction in build times.
FOSL

Hot Stocks

08:35 EDT Fossil appoints Franco Fogliato as CEO - Fossil Group announced the appointment of Franco Fogliato as CEO and a member of the Board of Directors. He succeeds Jeffrey Boyer, Fossil's Interim CEO, who will resume his previous role as COO and step down from the Board of Directors, all effective September 18, 2024. Fogliato most recently served as President and CEO of Salomon.
OSIS

Hot Stocks

08:35 EDT OSI Systems gets $5M order to deliver advanced optical sensors - OSI Systems announced that its Optoelectronics and Manufacturing division received an order valued at approximately $5M to deliver advanced optical sensors to a top-tier defense electronics original equipment manufacturer OEM . These high-precision components are designed for integration into complex navigation and guidance systems. OSI Systems' Chairman and Chief Executive Officer, Deepak Chopra, stated, "We are proud to receive this award and contribute to global security with our innovative optical sensor solutions."
WULF

Hot Stocks

08:34 EDT TeraWulf mined 184 bitcoin in August - TeraWulf provided an unaudited monthly production and operations update for August 2024. Self-Mined Bitcoin: TeraWulf mined 184 bitcoin in August, achieving an average production rate of approximately 5.9 bitcoin per day. Operating Capacity: The Company's installed and operational self-mining capacity reached approximately 10.0 EH/s, representing a 100.0% increase year-over-year. Power Cost: The average cost per bitcoin mined was $35,407 in August, reflecting an approximate rate of $0.044/kWh. This excludes the benefit from expected demand response and ancillary services proceeds, which are anticipated to be substantial, as outlined below. Demand Response: TeraWulf's Lake Mariner facility curtailed over 1,200 MWh in August as part of its demand response activities.
OR...

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08:33 EDT Osisko Gold provides update on Ermitano Mine, Island Gold District - On July 31st, 2024, First Majestic Silver Corp. (AG) announced the discovery of a significant new, vein-hosted gold and silver mineralized system at its Santa Elena property in Sonora, Mexico. This new high-grade discovery, the Navidad vein system, was made at depth adjacent to the Company's 100%-owned and currently producing Ermitano mine. To date, seven drill holes have been completed to test the Navidad discovery; six of these holes intersected significant vein-hosted gold and silver mineralization. The closest drill hole intercept to the Ermitano mine is located approximately 500 m southwest and 750 m below existing mine development. Osisko's 2% NSR royalty on Ermitano would include Navidad, as well as the adjacent Cumobabi property. Island Gold District: Alamos Gold's (AGI) Island Gold District is comprised of the adjacent Island Gold and Magino Mines. On July 23rd, 2024, Alamos reported new results from underground and surface drilling at the Island Gold Mine. Exploration drilling continues to extend high-grade gold mineralization across the Island Gold Deposit, as well as within several hanging-wall and footwall structures. Delineation and definition drilling has defined wide, higher-grade zones within the Island East area. This is expected to drive further growth in high-grade Mineral Reserves and Resources with the year end update. Additionally, high-grade mineralization was intersected in the North Shear and the Webb Lake stock area, highlighting a longer-term, near-mine opportunity as a potential source of additional mill feed for the expanded Magino milling complex. Osisko owns a 1.38-3% NSR royalty on the Island Gold Mine. With the district now fully consolidated, Alamos' expanded and accelerated Phase 3+ mine plan at Island Gold is anticipated to transition a greater proportion of production towards Osisko's 2% and 3% NSR royalty boundaries earlier in the mine plan, as opposed to the mineral inventory covered by Osisko's 1.38% NSR royalty. A small portion of the eastern limit of the Magino pit is covered by the 3% NSR royalty owned by Osisko, with deliveries under the royalty expected from 2030 onwards. The underground exploration potential previously highlighted by former owner Argonaut Gold on this claim is located less than 300 m from the existing Island Gold underground mine infrastructure, a portion of which is covered by Osisko's 3% NSR royalty.
OR...

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08:32 EDT Osisko Gold provides update on Tocantinzinho Mine, Eagle Gold Mine - On September 3rd, 2024, G Mining Ventures Corp. (GMINF) announced that it has reached commercial production on time and on budget at its 100%-owned Tocantinzinho Gold Mine located in the State of Para, Brazil. During August 2024, the mill operated at 76% of nameplate throughput, processing a total of 304,312 tonnes of ore at a recovery rate of 88%. The plant's ramp-up continues to progress in-line with internal production schedules, with all major equipment demonstrating the capability to operate at or above design levels. After the initial gold pour announced in July 2024, GMIN has focused on ramping production to test the processing circuits' ability to handle nameplate loads while improving recovery toward a life of mine average of 90%. GMIN plans to ramp up production through the second half of 2024, targeting nameplate throughput by the first quarter of 2025. Osisko would like to congratulate GMIN on reaching commercial production at TZ on time and on budget, and in less than two years. Osisko owns a 0.75% NSR royalty on the TZ Mine. Eagle Gold Mine: On August 14th, 2024, Victoria Gold Corp. (VITFF) announced that the Ontario Superior Court of Justice had granted an order appointing PricewaterhouseCoopers as the receiver and manager of Victoria Gold. PwC will administer the assets and liabilities formerly under the control of Victoria Gold at the direction of the Yukon Government and under the supervision of the court. During a briefing on August 16th, Yukon government Justice Minister Tracy-Anne McPhee said it was the territorial government's intention to launch the receivership in a way that would allow the mine to reopen and resume mining once work cleaning up from the landslide was completed under the receiver's direction. Longer-term, it is intended that mining and processing will be able to fully resume at Eagle once the necessary work has been done to ensure safety and environmental security. In late August 2024, the Yukon government has said it will move forward with an independent investigation into the root causes of heap leach pad failure at the Eagle mine which occurred in June 2024. Osisko holds a 5% NSR royalty on Eagle until 97,500 ounces of gold have been delivered and a 3% NSR royalty thereafter. Osisko's royalty covers the entire Dublin Gulch property including the Eagle and Olive deposits. In addition, Osisko has various protections with respect to its royalty including: security over the property, a registered interest in land recorded with the Yukon Territory, and an intercreditor agreement with the senior lending syndicate. Along with its second quarter 2024 financial results, Osisko recognized a full non-cash impairment loss of $67.8 million based on Osisko's assessment of the current facts and circumstances at the time.
TRIN

Hot Stocks

08:31 EDT Trinity Capital provides $50M in capital to LightForce - Trinity Capital announced the commitment of $50M in growth capital to LightForce, makers of the world's first fully personalized 3D printed braces system. LightForce specializes in personalized orthodontics, focusing on the development and production of 3D printed dental brackets.
HON

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08:31 EDT Honeywell completes acquisition of CAES Systems Holdings for $1.9B - Honeywell announced the completion of its acquisition of CAES Systems Holdings from private equity firm Advent International for approximately $1.9B in an all-cash transaction. The acquisition enhances Honeywell's defense technology solutions across land, sea, air and space and is also expected to create favorable tailwinds for growth across Honeywell's Aerospace Technologies business. CAES expands Honeywell's current defense and space portfolio with scalable offerings that enable Honeywell to both increase production and upgrade positions on critical platforms that include F-35, EA-18G, AMRAAM and GMLRS. Honeywell will also benefit from the ability to introduce its existing offerings on new platforms, such as the Navy Radar and UAS and C-UAS technologies.
OR...

Hot Stocks

08:28 EDT Osisko Gold provides update on Windfall Project, CSA Mine - On August 12th, 2024, Osisko Mining (OR) announced that it had entered into a definitive arrangement agreement with Gold Fields Limited (GFI) pursuant to which Gold Fields would consolidate ownership of 100% of the Windfall project through the acquisition of all the issued and outstanding common shares of Osisko Mining at a price of $4.90 per share in an all-cash transaction valued at approximately $2.16 billion. Osisko Mining holds a 50% interest in the high-grade Windfall gold deposit located in Quebec and holds a 50% interest in a large area of claims in the surrounding Urban Barry area and nearby Quevillon area, with the other 50% of Windfall and the large area of claims already owned by Gold Fields. Subject to the satisfaction of all conditions to closing set out in the Arrangement Agreement, it is anticipated that the transaction will be completed in Q4 2024. Osisko owns a 2-3% NSR royalty on the Windfall project and surrounding property. CSA Mine: On July 22nd, 2024, Metals Acquisition Limited (MTAL) announced that, during the second quarter, CSA had achieved record quarterly copper production of 10,864 tonnes under its management, up ~24% quarter-on-quarter, with record monthly copper production in June 2024 of 5,378 tonnes. The record quarter was achieved despite a major planned maintenance shutdown in April, with 1,583 tonnes produced for the month, along with a combined 9,281 tonnes of copper produced over May and June. During the second quarter, the mined grade at CSA averaged 4.2% copper a ~20% increase from the prior quarter as the mine plan shifted to higher grade stopes and dilution control was improved. In addition, on July 30th, 2024, MAC provided a market update on the continuing exploration and resource development at CSA. MAC's underground exploration continued to focus on the down dip and along strike extensions of the QTSN and QTSC deposits, as well as the shallower, up-dip portions of the East and West deposits and QTSS Upper A zone. Drill results reported in the release included 22.1 m at 9.8% Cu, 22.1 m at 7.8% Cu and 24.2 m at 7.8% Cu. These reported results, amongst others, are after the cut-off date for the 2023 Resource and Reserve and will be incorporated in the 2024 Resource and Reserve Estimate update for CSA. Osisko owns a 100% Silver Stream, in addition to a 3.0-4.875% Cu Stream, on the CSA Mine.
ADM

Hot Stocks

08:27 EDT Archer Daniels CEO sells $2.77M in common stock - In a regulatory filing, Archer Daniels disclosed that its CEO Juan Luciano sold 45.5K shares of commmon stock on August 30th in a total transaction size of $2.77M.
JWN

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08:27 EDT Special Committee of Nordstrom board confirms receipt of going-private proposal - The special committee of the Board of Directors of Nordstrom confirmed receipt of a proposal from Erik and Pete Nordstrom, other members of the Nordstrom family, and El Puerto de Liverpool, to acquire all of the outstanding shares of the company, other than shares held by members of the Nordstrom family and Liverpool, for $23.00 per share in cash. The proposal states that the merger consideration would be financed through a combination of rollover equity and cash commitments by members of the Nordstrom family and Liverpool and $250M in new bank financing, with the existing indebtedness of the company to remain outstanding. The special committee, composed of independent and disinterested directors, was formed in response to interest expressed by Erik and Pete Nordstrom in exploring a possible transaction. The special committee and the other independent directors will carefully review the proposal in consultation with independent financial and legal advisors to determine the course of action that is in the best interests of Nordstrom and all shareholders. No action is required by Nordstrom shareholders at this time. There can be no assurance that the company will pursue this transaction or other strategic outcome, or that a proposed transaction will be approved or consummated. The company does not intend to disclose further developments regarding this matter unless and until further disclosure is determined to be appropriate or necessary.
GENI

Hot Stocks

08:27 EDT Genius Sports comments on media reports of potential Kambi acquisition - In response to these rumors, Mark Locke, CEO of Genius Sports issued the following statement: "As policy, we do not comment on unfounded and ill-informed rumours. To prevent any further speculation, we can confirm that we are not involved in any discussions of this nature with Kambi."
OR...

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08:26 EDT Osisko Gold provides update on Upper Beaver, Shaakichiuwaanaan projects - Osisko Gold Royalties provides some select asset updates. Jason Attew, President & CEO of Osisko commented: "Over the past few months, Osisko's asset base provided for some positive developments that have surfaced incremental value for the Company, with more portfolio catalysts expected between now and end-of-year 2024. In the meantime, much of Osisko's short-to-medium-term growth continues to be underpinned by several advanced projects including three shafts currently under construction at Odyssey Underground, the Island Gold District, and Hermosa/Taylor, along with two open pits at, or nearing, the final stages of development at Tocantinzinho and Namdini, respectively." Upper Beaver Project: On July 31st, 2024, Agnico Eagle Mines (AEM) provided an update on its Upper Beaver project located approximately 25 kilometres to the east of the town of Kirkland Lake in Ontario, Canada. A positive internal evaluation was completed for a standalone mine and mill scenario at Upper Beaver. Based on this evaluation, Agnico Eagle believes Upper Beaver has the potential to produce an annual average of approximately 210,000 ounces of gold and 3,600 tonnes of copper, with initial production possible as early as 2030. Over an expected 13-year mine life, total payable gold and copper production is expected to be approximately 2.8 million ounces and 46,300 tonnes, respectively. The mining strategy developed for the Upper Beaver project is to mine the deposit mainly by conventional underground methods, although a small portion will be mined via an open pit. The underground and open pit mines are expected to be developed within the same time frame. Current scenarios contemplate underground access through a main decline ramp as well as a shaft that is 1,220 metres deep. In addition, the project has the potential to unlock significant exploration potential at depth and within satellite deposits in Agnico Eagle's Kirkland Lake camp, including the Upper Canada and Anoki-McBean projects. Agnico Eagle has approved a US$200 million investment over three years to further de-risk the project, with work having already commenced in 2024. Excavation of the ramp and shaft-sinking are expected to start in H2 2025. Osisko's owns a 2% net smelter return royalty on the Upper Beaver project, as well as a 2% NSR royalty that covers most of Agnico's Kirkland Lake regional properties, including Amalgamated Kirkland, Munro, Anoki-McBean, Bidgood, and Upper Canada. Shaakichiuwaanaan Project: On August 21st, 2024, Patriot Battery Metals (PMETF) announced the results from a Preliminary Economic Assessment for its flagship Shaakichiuwaanaan hard-rock lithium project located in the Eeyou Istchee James Bay region of Quebec, Canada. The PEA was based on the CV5 Pegmatite component of the recently announced updated Shaakichiuwaanaan Mineral Resource Estimate, which is the largest known lithium pegmatite Mineral Resource in the Americas and the 8th largest globally. Based on the PEA, the Shaakichiuwaanaan project has the potential to become one of the largest spodumene producers in the world and the largest spodumene producer in the Americas. The PEA incorporates a staged development strategy, with Stage 1 targeting production capacity of ~400 kilotonnes per annum of spodumene concentrate and Stage 2 aimed at expanding the production capacity to ~800 ktpa. The Shaakichiuwaanaan project's mine life is projected at 24 years, based on a total extracted Mineral Resource of 66% of total resources defined at CV5. Based on the results of the PEA, Patriot will now consider advancing the project to the Feasibility Study level, which if progressed is expected to be completed in Q3 2025. Osisko holds a sliding scale NSR royalty of 1.5-3.5% on precious metals, and 2.0% on all other products, including Lithium, at Shaakichiuwaanaan. Osisko estimates that a large majority of the CV5 MRE falls on its 2.0% Lithium NSR royalty area. The PEA includes only the CV5 Spodumene Pegmatite, and therefore does not include any of the other known spodumene pegmatite clusters on the property - CV4, CV8, CV9, CV10, CV12, and CV13; some of which are covered by Osisko's royalty.
ANRO

Hot Stocks

08:24 EDT Alto Neuroscience: No demonstrative efficacy in MDD patients with vortioxetine - Alto Neuroscience announced a peer-review publication demonstrating baseline cognitive performance is not a moderator of response to standard-of-care antidepressants in patients with major depressive disorder MDD . The analysis, titled "Baseline Cognition Is Not Associated With Depression Outcomes in Vortioxetine for Major Depressive Disorder: Findings From Placebo-Controlled Trials," was published online in The Journal of Clinical Psychiatry. Prior studies have shown that patients with depression, who are characterized by poor cognition, are generally more chronic, disabled, resistant to treatment and experience greater functional impairment. The current analysis suggests that, despite its reported benefits for aspects of cognition, the monoamine-based agent vortioxetine does not show greater benefit on depressive symptoms in MDD patients with cognitive impairment.
JWN

Hot Stocks

08:23 EDT Nordstrom family offers to buy Nordstrom for $23 per share in cash - In a regulatory filing, it was stated: "Erik B. Nordstrom and Peter E. Nordstrom, as fourth generation leaders of the Issuer, regularly monitor and evaluate the Issuer's business, financial condition, operating results and prospects. In February 2024, Erik B. Nordstrom and Peter E. Nordstrom, whose individual and combined beneficial ownership of Common Stock at that time was below 5%, advised the Board of their desire to make a proposal for consideration by the Board and explore potential equity financing for a "going private transaction" involving the acquisition of the outstanding shares of Common Stock of the Issuer. They also agreed to condition any Going Private Transaction on the affirmative vote by a majority of the votes entitled to be voted by unaffiliated stockholders of the Issuer. The Issuer's Board subsequently approved the formation of a Special Committee of certain independent and disinterested directors to review any proposal for a Going Private Transaction... After receiving that approval from the Board on September 3, 2024, on September 3, 2024, the Group delivered a non-binding letter to the Special Committee proposing a transaction whereby the Group, through a newly-formed entity, would acquire by merger, for a purchase price of $23.00 in cash per share, all of the outstanding shares of Common Stock of the Issuer other than the Rollover Shares. The members of the Group who are members of, or are affiliated with, the Nordstrom family have retained Moelis & Company LLC to serve as their financial advisor and Wilmer Cutler Pickering Hale and Dorr LLP as their legal advisor." Reference Link
NEXCF

Hot Stocks

08:23 EDT Nextech3D.AI secures three patents for 3D model generation algorithms - Nextech3D.ai announced that the United States Patent and Trademark Office has granted the company three new patents for AI-based algorithms designed for 3D model generation. These new patents are part of Nextech3D.ai's growing portfolio, which now includes a total of five patents in the field of 3D modeling. This achievement underscores the company's dedication to enhancing shareholder value through cutting-edge AI-powered solutions in 3D technology. The newly granted patents cover advanced AI algorithms that provide the most scalable and efficient methods for generating 3D models from a variety of input sources. These algorithms give Nextech3D.ai a competitive edge, enabling the creation of scalable, cost-effective, and time-efficient solutions for its customers.
SBFM

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08:21 EDT Sunshine Biopharma announces publication of coronavirus research results - Sunshine Biopharma announced the publication of new research results in the Journal of Medicinal Chemistry. The published data demonstrate a novel PLpro inhibitor with submicromolar potency and in vivo efficacy in a mouse model of SARS-CoV-2 infection. This peer-reviewed study marks an important milestone for Sunshine Biopharma in its effort to develop an effective treatment for SARS-CoV-2 infection. There are still unmet medical needs to combat SARS-CoV-2 infection. SARS-CoV-2 undergoes mutation at a rapid rate, which leads to the continuous emergence of variants of concern posing a significant threat to public health. In addition, certain populations, such as immunocompromised patients who are susceptible to severe and prolonged infections, may not respond well to current therapies or vaccines. For high-risk patients, blocking early infection at home may prevent disease rapid progression and reduce hospitalization. PLpro is a compelling therapeutic target for developing antiviral compounds against SARS-CoV-2. It is a virus encoded protease essential for viral replication and is responsible for suppression of the human immune system following infection by the virus. The active site of an enzyme is almost always the primary target for drug design. PLpro eluded scientist for many years due to its featureless active site. To address the challenge of PLpro's indistinct active site, we designed and synthesized a noncovalent inhibitor library targeting a vulnerability in PLpro remote from the active site incorporating the "BL2-groove", a key feature discovered by project co-lead, Prof. Rui Xiong of the University of Arizona. One of the 50 compounds, XR8-23, had an enzyme inhibition activity of 0.39 microM and exhibited a broad spectrum of antiviral activity towards at least 4 strains of VOC including WA1/2020, Gamma, Delta, and Omicron. It had over 10-fold of selective accumulation in the lungs than in plasma and exhibited in vivo activity in a mouse-adapted SARS-CoV-2 infection at 10 mg/kg by repeated IV injections.
BMRA

Hot Stocks

08:21 EDT Biomerica announces the SFDA approved its at home PSA screening test - Biomerica announces that the Saudi Food and Drug Authority, SFDA, has approved the Company's Fortel Prostate, PSA, Screening Test to be sold and used in the country. This at-home test is designed to empower men with the ability to detect early warning signs of prostate cancer from the comfort of their own homes. This approval marks a milestone in Biomerica's strategic expansion into the Middle East, a region where prostate cancer is increasingly recognized as a public health concern.
BURU

Hot Stocks

08:20 EDT Nuburu teams with CDME at Ohio State on blue wavelength lasers in manufacturing - Nuburu announces a partnership with the Center for Design and Manufacturing Excellence CDME at Ohio State University in Columbus, Ohio. The Company has received a purchase order for its advanced BlueScan solution, which includes a BL-250 laser, scanner, and optics. This cutting-edge technology will be installed within a powder bed fusion system at CDME's state-of-the-art development lab. The advantages of blue lasers for enhancing additive manufacturing processes with both powder and wire have been well established. With the introduction of the BL Series, beam quality has improved significantly, facilitating seamless integration of the BL laser into powder bed fusion machines. The installation at CDME will enable direct comparisons with existing techniques, driving innovation and efficiency in the additive manufacturing landscape. Additionally, interested third parties can collaborate with CDME to guide this pioneering research.
NUVSF

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08:20 EDT Nuvista Energy CEO Jonathan Wright to retire, Mike Lawford to succeed - The Board of Directors of NuVista Energy announces that Jonathan Wright will retire as CEO of the Company effective December 31, 2024, and Mike Lawford, currently President and COO, will be appointed as President and CEO and a Director of the Company effective January 1, 2025. The Board is also pleased to announce that Jonathan Wright has agreed to continue to serve the Company as a member of its Board of Directors.
MARA

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08:19 EDT Marathon Digital produced 673 bitcoin in August - "During the month of August, we continued to bring additional hash online and our energized hash rate grew to 35.2 EH/s, an 11% increase over July," said Fred Thiel, MARA's chairman and CEO. "We are proud to have mined our 4,000th block during August. Block wins during the month declined 2% from July while BTC production decreased 3% to 673 BTC. We continue to invest in our mining operations and grow our business, utilizing every available resource and strategy.
CRL

Hot Stocks

08:18 EDT Charles River, Insightec team on therapy in neuroscience with FUS - Charles River Laboratories International and Insightec, a global healthcare company dedicated to using focused ultrasound to transform patient care announced the launch of a five-year strategic collaboration to provide Charles River's clients access to a comprehensive global service and technology platform for the application of focused ultrasound FUS for drug discovery and preclinical development of therapeutics in neuroscience. Insightec's novel low-frequency ultrasound platform non-invasively disrupts the blood-brain barrier, enabling drugs to be delivered to targeted brain areas. The procedure has generated positive clinical evidence across several neurological diseases, including Parkinson's disease, Alzheimer's disease.."This partnership will not only expand the application of our low-frequency focused ultrasound technology, but also accelerate the development of groundbreaking therapies for neurological conditions," said Arjun Desai, M.D., Chief Strategic Innovation Officer of Insightec. "By combining our expertise, we aim to revolutionize the way next generation therapeutics are delivered and actuated in the brain, ultimately improving the lives of millions globally."
PANW IBM

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08:17 EDT Palo Alto Networks completes acquisition of IBM????s QRadar SaaS assets - Palo Alto Networks (PANW) announced that it has completed the acquisition of IBM's (IBM) QRadar Software as a Service assets. This transaction underscores Palo Alto Networks and IBM's commitment to secure customers with best-in-class threat prevention, addressing ever-expanding attack surfaces with the complete platform approach that is required to simplify security operations. Palo Alto Networks Precision AI-powered Cortex XSIAM platform centralizes data and security operations capabilities that include SIEM, SOAR, ASM and XDR into a single platform to drastically streamline security operations and prevent threats at scale. Together, Palo Alto Networks and IBM, as a preferred managed security services provider, will help global customers across industries seize the opportunity to shift from QRadar to Cortex XSIAM with no-cost migration services through IBM Consulting for eligible customers. In addition, IBM has furthered its internal deployment of Palo Alto Networks security platforms with the deployment of Cortex XSIAM for its own next-gen security operations, and Prisma SASE 3.0 for zero-trust network security to safeguard more than 250,000 of its global workforce. IBM's adoption of these marquee technologies is an example of how customers can benefit from the streamlined operations of products across the Palo Alto Networks portfolio. Further, Palo Alto Networks will deploy IBM solutions, including watsonx AI and data platform, to drive additional AI and automation capabilities.
COLL

Hot Stocks

08:17 EDT Collegium Pharmaceutical completes acquisition of Ironshore for $525M in cash - Collegium Pharmaceutical announced that it has completed the acquisition of Ironshore Therapeutics, a privately held company that markets and distributes Jornay PM, a central nervous system stimulant for the treatment of attention deficit hyperactivity disorder. Collegium also updated its 2024 financial guidance to include the anticipated impact of the Ironshore acquisition. Under the terms of the agreement, Collegium acquired all the outstanding shares of Ironshore for $525 million in cash, which was funded by $200 million of Collegium's existing cash on hand and $325 million of Collegium's $646 million term loan provided by investment funds managed by Pharmakon Advisors, LP. Collegium will also pay Ironshore shareholders $25 million in additional consideration if Jornay PM net revenue exceeds a defined threshold in 2025. The balance of the $646 million five-year term loan was used to repay Collegium's prior $320.8 million term loan, reducing Collegium's interest rate by 300 basis points.
GMGI

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08:16 EDT Golden Matrix introduces version 2.0 of casino game recommender - Golden Matrix Group announced the launch of Version 2.0 of its AI-powered casino game recommender, developed by its subsidiary, Meridianbet. This update specifically targets the iGaming segment, enhancing personalization and tracking capabilities to improve user engagement, retention, and revenue performance. The V2 recommender now processes an expanded dataset, including player behaviors and demographics, delivering more precise game recommendations that resonate with individual preferences, offering advanced AI-driven insight. Initial data shows significant increases in user interaction and retention, with personalized recommendations driving higher player value and extended playtime.
PODC LVO

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08:15 EDT PodcastOne, Nic and Ryan Nemeth announce joint venture - PodcastOne (PODC), a subsidiary of LiveOne (LVO), announced that it has entered into a multi-year exclusive joint venture with Nic and Ryan Nemeth for the Nemeth Bros Podcast. PodcastOne will exclusively oversee the distribution and sales on the weekly wrestling and comedy show which is set for launch on September 5, 2024.
ENPH

Hot Stocks

08:14 EDT Enphase announces solution for expanding legacy NEM systems in California - Enphase Energy announced a solution for expanding legacy net energy metering, NEM, solar energy systems in California without penalty using new Enphase Energy Systems configurations with IQ Microinverters, IQ Batteries, and Enphase Power Control.
SHLS

Hot Stocks

08:14 EDT Shoals Technologies announces partnership with UUES in Saudia Arabia - Shoals Technologies Group has executed a non-binding memorandum of understanding with UUES to work together in developing localized solar solutions for KSA and the region. As part of the MoU, Shoals and UUES will work to establish a business to localize solar EBOS manufacturing for the region. The Kingdom of Saudi Arabia has planned to develop up to 130 GW of renewable power generation in the next six years, with solar power being a significant portion. In a market that lacks the trade skills required to execute on this ambitious target, Shoals believes its plug-and-play, prefabricated EBOS solutions will help to accelerate this development.
SPRY

Hot Stocks

08:13 EDT ARS Pharmaceuticals launches pre-ordering services for neffy - ARS Pharmaceuticals announced pre-ordering services for neffy, ensuring swift access upon availability, expected in late September. Recently, the U.S. Food and Drug Administration, FDA, approved neffy for the treatment of Type I Allergic Reactions, including anaphylaxis, in adults and children who weigh greater than or equal to30 kg.
PHRRF

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08:13 EDT PharmaTher receives GDUFA goal date of October 29 for ketamine NDA - PharmaTher Holdings announced an update for its New Drug Application for Ketamine from the U.S. Food and Drug Administration with an assigned a Generic Drug User Fee Amendments of 2022 goal date of October 29, 2024. On September 3, 2024, the FDA communicated with the Company that the review is ongoing and no additional information is needed, but is subject to change. The Company will continue to provide updates as they occur. Following the anticipated FDA approval and launch in the U.S., the Company aims to pursue international approvals to support the global demand for ketamine and its commercial development strategy to treat Parkinson's Disease. In addition, the Company will pursue novel uses and delivery methods of ketamine for mental health, pain, neurological and medical countermeasures indications. The Company's overall goal is to solve the ketamine shortage problem in the U.S. and its ketamine to adhere to the FDA's strict manufacturing guidelines and FDA-approved prescribing label. Ketamine has been on the FDA's drug shortage list since February 2018, which is believed to have encouraged the widespread availability of compounded ketamine products not FDA approved for psychiatric disorders. On October 10, 2023, the FDA published a compounding risk alert describing the potential risks associated with compounded ketamine products for psychiatric disorders, specifically from telehealth providers that provide in-home ketamine services. These compounded ketamine products are not FDA approved
XOM

Hot Stocks

08:09 EDT ADNOC to acquire 35% stake in Exxon Mobil facility in Texas - Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and chairman of the Abu Dhabi Executive Council, has witnessed the signing of an agreement that ADNOC will acquire a 35% equity stake in Exxon Mobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. The agreement represents a significant investment in the United States' energy production and the global energy transition. It will help reduce greenhouse gas emissions across hard-to-decarbonize sectors, including industry, energy and transportation, meet rising demand for lower-carbon fuels, and accelerate a net-zero future. Contingent on supportive government policy and necessary regulatory permits, the facility is expected to be the world's largest of its kind upon startup, capable of producing up to 1B cubic feet daily of low-carbon hydrogen, which is virtually carbon-free with approximately 98% of carbon dioxide removed and more than 1M tons of low-carbon ammonia per year. A final investment decision is expected in 2025 with anticipated startup in 2029. The facility will leverage advanced carbon capture and storage technologies to reduce emissions associated with hydrogen production.
VANI

Hot Stocks

08:09 EDT Vivani Medical reports positive preclinical liver fat results exenatide implant - Vivani Medical reported positive preclinical liver fat results with its exenatide implant "The reduction in liver fat observed preclinically with our miniature, subdermal exenatide implant, provides further support that the NanoPortal implant technology continues to hold great potential as a highly differentiated treatment option for the treatment of obesity and chronic weight management as well as related metabolic disorders," said Adam Mendelsohn, Ph.D., Vivani President and Chief Executive Officer. "While the currently marketed GLP-1 based drugs have made profound improvements in the treatment of chronic diseases, including obesity and chronic weight management, significant barriers to optimal patient outcomes persist due to medication non-adherence and poor tolerability. We remain committed to the development of our portfolio of innovative, miniature, GLP-1 implant candidates and their potential to improve real-world patient outcomes by improving medication adherence. In addition, we believe that our implant's minimally fluctuating release profile combined with avoiding inevitable drug fluctuations that result from poor adherence may have the potential to improve treatment tolerability, a primary complaint associated with currently available GLP-1 treatment options. Our first clinical study, LIBERATE-1 , is anticipated to start in the fourth quarter of 2024 with results in 2025."
ADV

Hot Stocks

08:09 EDT Advantage Solutions unveils comprehensive rebrand - Advantage Solutions unveiled a new brand identity inspired by its dynamic workforce and designed to reflect its transition to a unified retail solutions company positioned at the center of brands, retailers and shoppers. Advantage, a provider of sales and omnichannel marketing solutions to consumer goods manufacturers and retailers, launched its new visual identity and messaging framework, as well as a teaser website, YourADV.com, with the full and expanded web experience slated to debut within weeks. "Our rebrand is more than a new look; it's a testament to our commitment to delivering collective solutions to brands and retailers in a rapidly evolving marketplace," said Dave Peacock, CEO of Advantage Solutions. "We are now able to go to market as a cohesive enterprise, leveraging the combined capabilities of more than 70,000 teammates to generate demand for more than 4,000 clients and more than 100,000 retail locations in North America." Advantage has simplified its business by re-segmenting its operations into three business units, collaborating to deliver the five core differentiated solutions it provides to retailers and CPG companies. Aligning capabilities under a single enterprise makes it easier for clients to access the full spectrum of the company's expertise and allows for the delivery of customized solutions that help all stakeholders succeed - whether it is enhancing sales, tapping into deep supplier relationships for product innovation, leveraging omnichannel marketing expertise across physical and digital spaces or building out retail spaces. The five solution areas include: Insights and Sales Growth: Using advanced proprietary data and real-time intel to uncover new opportunities and propel business expansion. Product, Aisle and Shelf Reinvention: Transforming whitespaces into thriving marketplaces to bring brands to life and optimize store layouts. Brand and Retail Execution: Ensuring a seamless shopping experience, from warehouse to physical and digital shelves and into people's hands and homes. Omnicommerce and Experiential Marketing: Creating buzz, bold moments and meaningful experiences in-store and online, including sampling, demonstrations and retail media, to help brands break through, win hearts and fill carts. Private Brand Solutions: Offering end-to-end services driving private brand strategy and development for retailers, while delivering quality and value for shoppers.
MICS

Hot Stocks

08:09 EDT Singing Machine announces availability of new Sesame Street product line - The Singing Machine Company announced an update on its new Sesame Street licensed product line. This product line falls under the Company's licensed youth electronics line which focuses on fun, highly-recognizable, and engaging singalong products. Singing Machine's newly available assortment of its Sesame Street karaoke products feature beloved characters such as Elmo, Cookie Monster, and Abby Cadabby. The characters are available in the Company's latest innovative wearable karaoke backpack line featuring everyone's favorite Sesame Street characters.
WKSP

Hot Stocks

08:08 EDT Worksport announces release of new tonneau cover applications - Worksport announce the release of new tonneau cover applications. These covers are available for various models including but not limited to those from General Motors, Ford, and Hyundai, thereby expanding availability and market reach. This initiative showcases the expertise of Worksport's engineering team and aligns with the Company's growth strategy, which reflects its commitment to pursuing market opportunities and establishing a foundation for long-term success and industry leadership.
LFVN

Hot Stocks

08:08 EDT LifeVantage welcomes back AXIO Lemonade - LifeVantage announces the return of its AXIO Lemonade flavor. Once available as a limited-time offering, AXIO Lemonade is now a permanent addition to the AXIO lineup, providing the refreshing, just-tart-enough flavor that has become a favorite among consumers. AXIO Lemonade is available now on LifeVantage's website and through its network of Consultants.
DUOT

Hot Stocks

08:07 EDT Duos Technologies Group launches first edge data center - Duos Technologies Group announces the launch of its first Edge Data Center, EDC, at the Region 16 Education Service Center in Amarillo, Texas. This strategic partnership marks a significant milestone in bringing high-speed connectivity and advanced technological solutions to classrooms throughout the Texas Panhandle. The new EDC will provide vital infrastructure to support student learning by delivering reliable and high-speed internet access. This will enable innovative educational tools and resources, ensuring that students have access to the same quality of education as those in urban centers.
MIST

Hot Stocks

08:06 EDT Milestone Pharmaceuticals appoints Joseph Papa to board of directors - Milestone Pharmaceuticals announced the appointment of Joseph Papa to its Board of Directors, effective September 3, 2024. Papa has more than 35 years of experience navigating companies through periods of rapid growth, transformation, and strategic M&A transactions, including as former Chairman and CEO of Bausch + Lomb, Bausch Health and Perrigo and as a director of SparingVision and Candel Therapeutics.
WINT

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08:06 EDT Windtree Therapeutics completes enrollment of Phase 2b study of istaroxime - Windtree Therapeutics announced it has successfully completed enrollment in its SEISMiC Extension Phase 2b study of istaroxime in early cardiogenic shock caused by heart failure. The study is evaluating the ability of istaroxime to improve heart function and low blood pressure in the setting of early cardiogenic shock due to heart failure. The Company is looking to extend the positive results on these parameters as observed in the Company's first SEISMiC Phase 2 clinical study that was previously reported. In addition, the Company hopes that the study results will substantiate the encouraging observations from the Company's Phase 2 clinical study, indicating istaroxime has a favorable renal profile and does not increase cardiac arrhythmias.
SPGC

Hot Stocks

08:05 EDT Sacks Parente Golf announces strategic corporate rebranding - Sacks Parente Golf announces a significant evolution in its corporate brand identity. Effective immediately, the Company will restructure its putter and shaft divisions under the new name NEWTON GOLF, with the subtitle, "A Sacks Parente Company." The Company's stock symbol will remain the same. The original Sacks Parente Golf putter division will now be called Newton Gravity within NEWTON GOLF: A Sacks Parente Company, while Newton Motion Shafts will keep its segment name. This change reflects the Company's commitment to aligning its brands more closely with its core values and the principles of physics, which have been the foundation of its innovative products. "By embracing a more modern identity, we're aligning ourselves with the innovative spirit that has always driven us forward, while proudly retaining the Sacks Parente commitment to excellence that is our legacy. We're confident that this evolution will not only resonate with golfers but also position us for ambitious growth and continued success," said Greg Campbell, NEWTON GOLF's Executive Chairman. "This rebranding marks an exciting new chapter for us by making our brand structure more streamlined and less confusing for our customers and stakeholders." In the coming weeks, the newly renamed Newton Gravity putter division will unveil five new putters
ALXO SNY

Hot Stocks

08:05 EDT ALX Oncology announces first patients dosed with evorpacept, sarclisa - ALX Oncology (ALXO) announced the first patients have been dosed in an arm of the randomized UMBRELLA phase 1/2 clinical study partnered with Sanofi (SNY) that is evaluating evorpacept in combination with SARCLISA. Evorpacept is ALX Oncology's investigational CD47-blocking therapeutic that uniquely combines a high-affinity CD47-binding domain with an inactivated Fc domain and SARCLISA is Sanofi's approved CD38 monoclonal antibody in patients with relapsed or refractory multiple myeloma.
IGC

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08:05 EDT IGC Pharma advances IGC-AD1 toward clinical trials - IGC Pharma announced that the company is advancing its proprietary formulation, IGC-AD1, toward clinical trials as a potential anti-amyloid disease-modifying treatment for Alzheimer's disease. Following the FDA's 2023 approval of two anti-amyloid drugs, IGC Pharma said it is poised to make a significant contribution to this critical field with IGC-AD1. The APIs in IGC-AD1 have been shown to target amyloid plaques in Alzheimer's cell lines through two mechanisms: inhibiting amyloid protein production and preventing its aggregation. Preliminary data from Alzheimer's cell lines suggest that IGC-AD1 may reduce plaque aggregation by approximately 20% and decrease its production by up to 40% without affecting the production of Amyloid Precursor Protein, which is essential for cell growth and survival.
EPAM CX

Hot Stocks

08:04 EDT Epam Systems to acquire Neoris, terms not disclosed - Epam Systems (EPAM) announced that it has entered into an agreement to acquire Neoris, a Miami-headquartered global advanced technology consultancy with more than 4,700 professionals across major talent hubs in Latin America, Spain and the U.S. The sellers are funds managed by Advent International, one of the largest and most experienced global private equity investors, and Cemex (CX) , a global construction materials company.
SRRK

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08:04 EDT Scholar Rock appoints Beth Shafer, Ph.D. Chief Business Officer - Scholar Rock announced the appointment of Beth Shafer, Ph.D., to the newly created role of Chief Business Officer. Ms. Shafer brings over 20 years of biopharmaceutical industry leadership and expertise to Scholar Rock, where she will drive the Company's long-term corporate and business development strategy. "We are pleased to welcome Beth to the executive team at a transformative time for Scholar Rock," said Jay Backstrom, M.D., MPH, President and Chief Executive Officer of Scholar Rock. "Beth brings broad corporate strategy and business development experience which will be critical as we build an integrated biopharmaceutical company for the future and advance our pipeline of innovative therapies in high-value areas such as cardiometabolic disorders." "With a robust pipeline of highly differentiated growth factor-targeted therapeutics and multiple upcoming milestones across Scholar Rock's portfolio, it is an exciting time to join Scholar Rock and help shape the company's corporate strategy and execute development activities," said Ms. Shafer. "I look forward to working with the team to maximize the reach of Scholar Rock's potentially transformative therapies and deliver tremendous value to patients and their families." Ms. Shafer has served as a member of the Board of Directors for Aquinnah Pharmaceuticals and Arcellx Inc. She currently serves as a Venture Partner to Mubadala Capital Ventures. She received her Ph.D. in Neuroscience from the University of California, San Diego, her M.Phil. and M.A. in Cellular and Molecular Biophysics from Columbia University Vagelos College of Physicians and Surgeons, and her B.A. from Rutgers University.
SEAT

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08:04 EDT Vivid Seats announces an exclusive multiyear media partnership with IAA - Vivid Seats announced an exclusive, multiyear media deal with I Am Athlete, IAA, the groundbreaking athlete-led media platform founded by former NFL All-Pro receiver Brandon Marshall. Launching with the official start of the 2024 NFL Season, the new strategic partnership includes exclusive content featuring athletes and celebrities, advertising and sponsorship rights, and live event experiences.
SDIG

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08:03 EDT Stronghold Digital Mining mines 63 bitcoin in August - Stronghold mined 63 Bitcoin in August 2024 and generated approximately $0.2mm in energy revenue, which represents the equivalent of approximately 4 additional Bitcoin based on the average price of Bitcoin during the month. This equates to production of approximately 67 of Bitcoin equivalents in August 2024, up approximately 2% from the 66 Bitcoin equivalents produced in July 2024. The Company generated an estimated $4 million of revenue during August, a decrease of approximately 2% compared to July 2024.
CSTM

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08:03 EDT Constellium announces results of ALIVE collaborative research project - Constellium announced the results of its collaborative research project ALuminium Intensive Vehicle Enclosures. Constellium's University Technology Center at Brunel University London was the lead partner of the project focused on developing structural aluminium battery enclosures for electric vehicles. The GBP 15m project, half funded by UK government subsidies through its Advanced Propulsion Center, began in 2020. The consortium, comprised of six industrial partners and two university technology partners, developed novel aluminium battery enclosure designs meeting challenging performance, manufacturing, weight, and cost targets for the project's OEM partners, BMW and Volvo. The project's multidisciplinary team investigated and implemented a wide range of joining and forming technologies in combination with Constellium's family of high-strength and high-crash alloys, Constellium HSA6 and Constellium HCA6, to create high-performance, lightweight, and cost-efficient aluminium designs. The project also enabled the creation of a full-scale battery enclosure prototyping line. Several different 1:1 scale prototypes have been built for a variety of vehicle platforms, passing a range of severe testing requirements such as side pole crash/side impact, bottom intrusion, acceleration, shock, vibration, and leak testing. The team also demonstrated the superior performance of coated aluminium solutions for fire resistance. The battery enclosure designs and associated manufacturing technologies developed as part of the ALIVE project enabled the team to save between 12% to 35% of the weight, depending on the design, compared to existing OEM aluminium and steel designs while meeting or exceeding performance targets. ALIVE also supported the development of cost models to quantify manufacturing costs and minimize capital expenditures to support future industrialization decision-making processes. Given the rapidly evolving EV market, the team had to adapt quickly and develop various technologies supporting OEMs' structural, non-structural, module-to-pack, and cell-to-pack battery enclosure strategies. Additionally, the consortium proposed a full cradle-to-grave Life Cycle Assessment validated by an external panel, demonstrating the benefit of aluminium solutions over ancillary steel designs.
PRGO

Hot Stocks

08:03 EDT Perrigo appoints Charles Atkinson as General Counsel - Perrigo Company announced the appointment of Charles Atkinson as Executive Vice President, General Counsel and Secretary. He is a skilled lawyer with nearly 25 years of experience, mostly within the regulated consumer self-care industry. Atkinson joins Perrigo after a successful career at Haleon plc and its prior parent, GSK plc, most recently serving as Interim General Counsel for Haleon. During his 20-plus year combined tenure at Haleon/GSK, Mr. Atkinson successfully advised across numerous transactions and integrations, including the creation of Haleon and subsequent separation from its parent shareholders GSK and Pfizer. He has also served as global head of corporate legal and was lead counsel for various parts of the self-care business, including supply chain, R&D and innovation, business development, and intellectual property. This included managing the lifecycle of regulated healthcare products, advising GSK's largest self-care business and providing counsel for product development, including leading the switch for Flonase(R) to over-the-counter status. He obtained his law degree from University College London. Todd Kingma, who came out of retirement to serve as Interim Executive Vice President, General Counsel & Secretary, will work with Mr. Atkinson through a transitionary period. Kingma's intimate knowledge of Perrigo and its global team will allow for a highly seamless transition.
STOK

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08:02 EDT Stoke Therapeutics appoints Eric Olson Chief Business Officer. - Stoke Therapeutics announced the appointment of Eric Olson as Chief Business Officer. Mr. Olson has two decades of experience in life sciences business development and strategy with a track record of success, completing numerous transactions to maximize value for company pipelines across a variety of therapeutic areas, including rare genetic diseases, neurology and ophthalmology. In his new role, Mr. Olson will be responsible for leading and executing the Company's global corporate strategy and business development. "We see a significant opportunity to expand the potential of Stoke's first-in-class, disease-modifying approach to the treatment of many genetic diseases by upregulating protein expression with RNA based medicines," said Edward M. Kaye, M.D., Chief Executive Officer of Stoke Therapeutics. "Eric's deep experience leading global business development and corporate strategy teams, and in particular his most recent experience working for the foremost leader in RNA medicine, will make him instrumental in driving Stoke's next phase of growth. With Eric and other recent executive hires, we are building a world-class leadership team with the expertise and commitment to Stoke's mission of delivering new medicines to people living with severe diseases."
IAS

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08:02 EDT Integral Ad Science names Marc Grabowski as COO, Srishti Gupta as CPO - Integral Ad Science announced the appointment of Marc Grabowski as Chief Operating Officer and Srishti Gupta as Chief Product Officer, effective September 16. Grabowski, previously the Global Vice President of Oracle Advertising, will oversee the company's global commercial organization prioritizing customer success, business strategy, and company commercial operations. Gupta, former Chief Product Officer at Rokt, will lead the company's product strategy, product development, and go-to-market initiatives. Grabowski and Gupta will report directly to Lisa Utzschneider, CEO of IAS.
AZTA

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08:01 EDT Azenta appoints John Marotta as CEO - Azenta announced that John P. Marotta will join the Company as President and CEO effective September 9, succeeding Stephen Schwartz, who is retiring following a distinguished tenure. Schwartz will remain as an advisor to Azenta to ensure a smooth and successful transition. Marotta has two decades of experience leading global companies in life sciences, medical devices, and diagnostics, and is joining Azenta from Patient Square Capital, a leading healthcare investment firm, where he serves as Executive in Residence. Previously, he served as CEO and President of PHC Holdings Corporation, a diversified global life sciences, diagnostics, and medical device company focused on precision healthcare, growing global revenues and leading its IPO from owners KKR & Co. He also held a variety of senior executive roles in leading life sciences companies, including at Danaher Corporation, Envista Holdings Corporation, and Cardinal Health, Inc., where he demonstrated consistent achievement in organic revenue growth, operational efficiencies, and significant value-creating transactions. Mr. Marotta began his career in sales leadership roles for therapeutics and medical device offerings.
BGRY

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07:59 EDT Berkshire Grey enters global partnership agreement with Kardex - Berkshire Grey announces the signing of a global partnership agreement with Kardex AS Solutions. This partnership will establish Berkshire Grey as a key provider of AI-enabled robotic picking for customers utilizing AutoStore empowered by Kardex.
CRGY

Hot Stocks

07:49 EDT Crescent Energy to acquire assets from private Eagle Ford operator for $168M - Crescent Energy announced the signing of a definitive agreement to acquire assets from a private Eagle Ford operator for total cash consideration of $168M, subject to customary purchase price adjustments. The acquisition is directly offset Crescent's existing Central Eagle Ford footprint and builds upon its significant acquisition activity in the Eagle Ford over the past 18 months, including the recently closed acquisition of SilverBow Resources. The transaction, which has an effective date of May 1, is expected to close in September, subject to customary closing conditions. The transaction is accretive to operating cash flow, levered free cash flow and net asset value per share, with unlevered cash-on-cash returns in excess of Crescent's 2.0x multiple on invested capital target.
REKR

Hot Stocks

07:48 EDT Rekor Systems CEO outlines strategic vision in shareholder letter - Rekor Systems announced the release of a new shareholder letter from President and CEO David Desharnais. The letter offers an overview of the Company's recent achievements, strategic milestones, and future growth prospects. In the letter, Mr. Desharnais discusses Rekor's notable financial performance, including a significant increase in year-over-year revenue, key customer wins, and the expanding adoption of the Company's advanced roadway intelligence solutions across multiple states. He also outlines Rekor's long-term vision to lead the digitization of public safety and transportation infrastructure, positioning the Company as a pioneer in the $93B+ intelligent infrastructure market.
WENA

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07:47 EDT ANEW Medical announces goals for cell, gene therapy development - ANEW MEDICAL has two distinct goals for its pioneering cell and gene therapy development. One is to enhance the potential of people achieving a healthy long life, and the other is the development of effective treatments for age-related disorders and neurodegenerative diseases such as ALS, Alzheimer's and Parkinson's disease. ANEW has secured exclusive worldwide rights and issued patents in the USA, Canada, Europe, Hong Kong and China, covering the secreted form of Klotho, known scientifically as s-KL. Klotho is often referred to as "the anti-aging gene." It is named after the Greek goddess who is said to spin the thread of life. Existing data supports ANEW's scientific hypothesis that maintaining high levels of Klotho as we age leads to a long and healthy life whereas depleted levels of Klotho may lead to neurodegenerative diseases such as ALS, Alzheimer's and Parkinson's Diseases as well as other age-related disorders including cardiovascular conditions, osteoporosis, and the muscle-wasting disorder, sarcopenia. ANEW hopes to further demonstrate the validity of its hypothesis by examining the stored blood samples of a cohort of people who stayed healthy and reached very old age, many in excess of 100 years, in Okinawa, Japan. Okinawa is one of the famous "Blue Zones" of the world. The results of this study will be compared to a matching cohort of an aging population who have experienced neurodegenerative diseases such as ALS, Alzheimer's, Parkinson's and other age-related disorders. ANEW is focused on both enhancing the potential for people to experience healthy longevity as well as on the development of cell and gene-based therapies to treat neurodegenerative and age-related disorders based on its patented Klotho technology. The company hopes to obtain FDA agreement in the near future to enter the clinic in at least one indication area. It has also recently announced a partnership with the key scientists involved in the Okinawa Centenarian Research Center for Longevity who are retained as Advisor on longevity and the development of new pharmaceutical treatments. This includes Drs. Craig and Bradley Willcox, authors of the best-selling, Oprah Winfrey recommended, book, "The Okinawa Program: How the World's Longest-Lived People Achieve Everlasting Health-And How You Can Too."
GBTG

Hot Stocks

07:47 EDT Global Business Travel announces private stock repurchase - American Express Global Business Travel, which is operated by Global Business Travel announced that during the third quarter, the company repurchased 8M shares of its Class A common stock from a stockholder of the company in a privately negotiated transaction at a purchase price of approximately $6.85 per share, or approximately $55M in aggregate. The stock repurchase was funded by the company's cash on hand and was unanimously approved by the company's board of directors. The total number of shares repurchased by the company amounted to approximately 1.7% of its shares outstanding as of June 30.
TNON

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07:46 EDT Tenon Medical announces publication of Catamaran SI Joint Fusion System study - Tenon Medical announced the first publication of the Catamaran SI Joint Fusion System MAINSAIL study. This study is an ongoing prospective, single-arm, multi-center, post-market study evaluating clinical and radiographic outcomes of adult patients with sacroiliac joint disruptions or degenerative sacroiliitis treated with the Catamaran SI Joint Fusion System. The target enrollment for this study is up to 50 patients with up to 24-month follow-up. This interim analysis presents early experiences of the first 33 consecutive patients treated with the Catamaran SI Joint Fusion System across six US clinical sites, with primary and secondary clinical endpoint analysis at 6 months and radiographic CT fusion assessment, performed by an independent radiologist. Notable outcomes from this interim analysis include the following: Statistically Significant Reduction in SIJ Pain and Disability Scoring at 6 months: Mean VAS SIJ pain intensity scores significantly decreased from pre-operative levels of 80.9mm to 31.1mm; ODI scores, measuring a patient's perceived disability, showed a significant improvement from pre-operative values of 51.9% to 29.6%; 66.6% of subjects demonstrated an improvement in ODI by more than 15%. Robust Safety Profile: No serious adverse events, no reoperations, and no reinterventions reported. No vascular or nerve injuries associated with the use of the inferior-posterior surgical approach used to deliver the Catamaran implant. High Patient Satisfaction Throughout All Follow-Up Timepoints: 93.3% of patients reported high satisfaction with their treatment at 6 months. Definitive Evidence of Fusion Response at 12 months: 6 patients have reached 12 months follow-up with CT radiographic imaging. 4 of the 6 patients showed unequivocal evidence of fusion with bridging bone as identified by an independent radiology reviewer. Efficient Surgical Technique and Procedural Workflow: 55% of procedures were completed in under 45 minutes, with the shortest procedural time recorded as 24 minutes. 50% of procedures utilized less than 1 minute of fluoroscopy time. All procedures were performed in an outpatient setting. The Catamaran SI Joint Fixation device is a single robust titanium implant comprised of two pontoons, connected by an osteotome bridge, which is designed to transfix the SI joint along its longitudinal axis providing immediate fixation and stabilization of the joint, with the aim of achieving a successful long-term fusion. The Catamaran implant was developed with respect to AO principles of arthrodesis including adequate joint preparation, rigid fixation and stabilization, and 3) adequate bone graft augmentation. Via a minimally invasive inferior-posterior approach the Catamaran implant is delivered within the dense cortical bone of the sacrum and ilium, to transfix and stabilize the SI joint for the treatment of SIJ dysfunction. To date, there have been 700 Catamaran fixation devices implanted to treat primary SI Joint dysfunction and sacroiliitis, as well as revise previously treated SI joints with failed alterative SI joint implants. These interim outcomes from the MAINSAIL study provide early evidence of the clinical safety and efficacy of the Catamaran SI Joint Fusion System as a promising minimally invasive treatment option for patients suffering from painful SI joint dysfunction. The Catamaran MAINSAIL study is on-going and further analysis will be performed upon study completion up to 24-month follow-up.
LYFT

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07:45 EDT Lyft sees $34M-$46M of restructuring, related charges
LYFT

Hot Stocks

07:45 EDT Lyft confirms no changes to Q3, FY24 guidance
LYFT

Hot Stocks

07:45 EDT Lyft announces restructuring, termination of 1% of company's employees - In a regulatory filing, Lyft announced a restructuring plan related to its bikes and scooters transportation mode as part of its efforts to align strategic priorities and to reduce operating costs. The plan involves the disposal of certain assets related to the bikes and scooters operations and the termination of approximately 1% of the company's employees. In connection with the plan, the company estimates that it will incur approximately $34M-$46M of restructuring and related charges, of which $32M-$42M are related to asset disposal costs with the remaining costs related to employee severance and benefit costs, and advisory fees. The majority of these restructuring and related charges will result in non-cash charges related to asset disposal costs with the remainder resulting in future cash expenditures. The company expects that the charges will be incurred primarily in the third quarter of 2024 and that these charges will be substantially completed by the end of the fourth quarter of 2024. These restructuring costs will be excluded from Adjusted EBITDA, which is consistent with the company's past presentation. The company expects the restructuring plan and related actions to improve its annualized Adjusted EBITDA by approximately $20M by the end of 2025. The improvement will primarily be related to headcount reduction savings, operational efficiencies, and commercial strategy enhancements. The company also confirmed there have been no changes to its previously issued guidance regarding its third quarter 2024 and full-year 2024 announced with its second quarter of 2024 financial results on August 7, 2024 or the 2027 financial targets announced at its investor day on June 6, 2024. The company will provide more details on its third quarter of 2024 earnings call in November 2024.
TELO

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07:43 EDT Telomir Pharmaceuticals appoints Itzchak Angel as chief scientific advisor - Telomir Pharmaceuticals announced the appointment of Dr. Itzchak Angel as Chief Scientific Advisor. Dr. Angel, in collaboration with Telomir's senior management, will look to expedite the pre-clinical and clinical path of Telomir's lead product candidate, Telomir-1, a novel small molecule designed to lengthen the DNA's protective telomere caps, which are crucial in the aging process. Dr. Angel was previously the Head of Pharmacology at Synthelabo.
LYFT

Hot Stocks

07:43 EDT Lyft announces termination of 1% of company's employees
LYFT

Hot Stocks

07:43 EDT Lyft announces restructuring plan related to bikes, scooters transportation mode
CNTX

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07:40 EDT Context Therapeutics appoints Smith, Walker to board of directors - Context Therapeutics announced the appointments of Karen Smith, MD, PhD, MBA, LLM and Luke Walker, MD, to its Board of Directors.
PBM

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07:40 EDT Psyence Biomedical enters exclusive licensing agreement with PsyLabs - Psyence Biomedical announced that the Company has entered into a worldwide, exclusive royalty-bearing IP licensing agreement with PsyLabs. Pursuant to this licensing agreement, PsyLabs will supply Psyence Biomed with pharmaceutical-grade, EU GMP nature-derived psilocybin to be evaluated in future clinical trials as a potential treatment for AUD and other SUDs, and for commercialization of the licensed product. Psyence Biomed plans to lead with a clinical trial in AUD, Psyence Biomed's second development indication. The licensed product will require further development work by PsyLabs, which will be conducted during the remainder of 2024 and into 2025. Development of Psyence Biomed's first indication is planned to commence with a Phase IIb trial to evaluate nature-derived psilocybin in Adjustment Disorder in patients who have had an advanced cancer diagnosis in the Palliative Care context.
NYAX

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07:40 EDT Nayax appoints Sharir as President, CMO - Nayax announced that Keren Sharir has been appointed to the newly created role of President in addition to her current role of Chief Marketing Officer, CMO, effective immediately. Sharir has served as CMO since 2014
SLQT

Hot Stocks

07:39 EDT SelectQuote unit SelectRx to open 3rd fulfillment facility in Olathe, Kansas - SelectQuote announced that SelectRx, the company's full-service medication management pharmacy that serves all 50 states, will open a third fulfillment facility in Olathe, Kansas, to serve its rapidly expanding customer base, alongside its existing facilities in Monaca, Pennsylvania, and Indianapolis, Indiana. SelectQuote launched the SelectRx business in 2021 as part of its Healthcare Services Division after acquiring two smaller pharmacy operations. In just over three years, SelectRx has grown its membership from under 5,000 to over 75,000 members who receive regular prescription shipments in adherence-friendly packaging. The new 54,000 square foot state-of-the-art facility at 404 W. Frontier Lane in Olathe, Kansas, is expected to open during the first half of calendar 2025 and should significantly expand the pharmacy's capacity.
IRTC

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07:39 EDT iRhythm signs exclusive license agreement with BioIntelliSense - iRhythm Technologies announced that the company has signed an exclusive license agreement with BioIntelliSense, a continuous health monitoring and clinical intelligence company, to develop and commercialize certain patented technology assets within ambulatory cardiac monitoring, ACM. "As a natural complement to iRhythm's leading ambulatory cardiac monitoring platform, BioIntelliSense's multiparameter sensing technologies position us to significantly expand the capabilities of our product platform over the next several years," said Quentin Blackford, iRhythm's President and CEO.
SHFS

Hot Stocks

07:39 EDT Safe Harbor Financial announces executive contract extensions - SHF Holdings d/b/a/ Safe Harbor Financial announced extensions to the contracts of three key executives and a restructuring of their compensation packages. The restructured agreements include Sundie Seefried, President / CEO, extended for one year through September 2025; Dan Roda, extended through June 30, 2025; and Tyler Beuerlein, whose term remains unchanged, continuing through February 2025. Beuerlein serves as the company's Chief Strategic Business Development Officer; Roda transitions into the newly created role of Chief Credit Officer, focusing on the company's lending and loan participation business lines. As part of the restructuring, the Company will realize an initial cost savings of $350,000 as the new compensation structure reduces base pay in favor of incentives aligned more closely with company revenue and growth objectives.
SAIA

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07:37 EDT Saia reports July LTL shipments per workday up 10.6% - Saia is providing LTL shipment and tonnage data for the first two months of the third quarter. In July 2024, LTL shipments per workday increased 10.6%, LTL tonnage per workday increased 5.0% and LTL weight per shipment declined 5.0% to 1,331 pounds compared to 1,401 pounds in July 2023. In August 2024, LTL shipments per workday increased 7.0%, LTL tonnage per workday increased 8.2% and LTL weight per shipment increased 1.2% to 1,354 pounds compared to 1,339 pounds in August 2023. These results are consistent with our expectations as we continue to invest in our network.
BIIB

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07:36 EDT Biogen announces higher dose of nusinersen shows statistical improvement - Biogen announced positive, topline data from the pivotal cohort of the Phase 2/3 DEVOTE study evaluating the safety and efficacy of a higher dose regimen of nusinersen in treatment-naive, symptomatic infants with spinal muscular atrophy, SMA. The investigational higher dose regimen of nusinersen comprises a more rapid loading regimen, two 50 mg doses 14 days apart, and a higher maintenance regimen, 28 mg, every 4 months, compared to the approved nusinersen regimen, SPINRAZA. The study met its primary endpoint at six months, achieving a statistically significant improvement in motor function in infants who received the higher dose regimen as compared to a prespecified matched sham control group from the ENDEAR study. The higher dose cohort showed statistically significant improvement over the matched sham comparator on the primary endpoint of change in CHOP-INTEND from baseline to six months. Results favored the higher dose regimen relative to sham across secondary endpoints and trended in favor of the higher dose regimen over the currently approved 12mg regimen on key biomarker and efficacy measures. The higher dose regimen was generally well tolerated, with reported adverse events generally consistent with SMA and the known safety profile of nusinersen.
DAKT

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07:35 EDT Daktronics expects seasonality to 'continue to normalize' in FY25 - CEO Reece Kurtenbach added, "These results indicate significant progress during the first quarter along our roadmap of strategic priorities with respect to our digital transformation, product innovation, and penetration of our addressable markets and we are on track to achieve specific milestones in fiscal 2025. In a culmination of a multi-year effort, our information systems teams are preparing for releases to be completed before fiscal year-end of critical technologies to upgrade our service and systems maintenance solutions. These tools modernize our service operating systems and further automate tasks to improve productivity and customer satisfaction. We are also on track to upgrade to new enterprise performance management tools during fiscal Q3 and Q4 to improve and broaden the collection of data for business performance reporting and analysis. Following these back-office improvements, our next goal is to redesign our front-end quoting and sales processes, building in automation, efficiency, and effective customer reach - this is planned to launch across multiple phases, the first releasing early in fiscal 2026. On the control systems front, our Show Control solution is undergoing major advancements to enhance the live entertainment experience and improve workflow efficiencies. These enhancements will empower our customers to deliver dynamic cloud-based and locally stored presentations using cutting-edge scoring and timing software, 3D data visualizations, real-time rendering, and integrated data through sport-specific applications and are slated for release by fiscal year-end. We enter our second fiscal quarter with good momentum, expectations of higher orders in fiscal 2025, and with backlog at $267.2 million driven by strong sequential order flow across our businesses from our Commercial, Transportation, HSPR and International businesses and solid demand in Live Events. We expect seasonality to continue to normalize in fiscal 2025, with sales typically strongest in the first half of the fiscal year and lower in fiscal Q3. For the remainder of this fiscal year, we are investing in a wide-ranging transformation plan designed to cement and accelerate our progress to date and make further advancement in generating shareholder returns above our cost of capital."
CME

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07:32 EDT CME Group reports August ADV of 31.7M contracts - CME Group reported its second-highest monthly volume ever, with average daily volume, or ADV, up 31% to 31.7 million contracts in August, driven by double-digit increases across all six asset classes. The company's interest rate ADV reached a record 18.3M contracts and its deeply liquid U.S. Treasury complex hit an all-time monthly record ADV of 11.5M contracts, including the highest volume ever for 2-year, 5-year and 30-year futures contracts. In addition, SOFR futures and options volume climbed 48% to 6.3M contracts and the company's BrokerTec cash U.S. Treasury notional volume hit a year-to-date record of $249B on August 5.
ONTO

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07:22 EDT Onto Innovation opens PACE facility in Massachusetts - Onto Innovation announced the opening of the company's Packaging Applications Center of Excellence, or PACE, a facility in the U.S. dedicated to panel-level packaging innovations enabling 2.5D and 3D chiplet architectures and AI packages. Collaborating partners represent key process steps across the supply chain, ranging from panel package and IC substrate manufacturers to process equipment and material suppliers. Located at Onto's Wilmington, Massachusetts, headquarters, PACE offers collaborators and customers access to Onto's JetStep X500 glass panel handling lithography system, next generation lens technology for glass substrates capable of sub-1.5microm line/space imaging with shot sizes of 141mm x 141mm, and the Discover Command Center.
AYASF

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07:17 EDT Aya Gold & Silver announces drill results from program at Zgounder Silver Mine - Aya Gold & Silver reported additional high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco. Highlights: In the Central Zone from the 1,950m level: hole DZG-SF-24-081 intercepted 1,339 grams per tonne silver over 9.5 meters, including 2,984 g/t Ag over 4.0m; hole DZG-SF-24-089 intercepted 2,522 g/t Ag over 3.0m, including 7,052 g/t Ag over 1.0m; hole DZG-SF-24-134 intercepted 448 g/t Ag over 10.5m. In the Western Zone from the 2,000m level: hole ZG-SF-24-141 intercepted 626 g/t Ag over 6.0m; hole ZG-SF-24-163 intercepted 536 g/t Ag over 7.0m. In the Eastern Zone from the 2,000m level: hole DZG-SF-24-111 intercepted 2,372 g/t Ag over 6.5m; and 1,042 g/t Ag over 4.5m; hole DZG-SF-24-098 intercepted 1,244 g/t Ag over 4.0m, including 2,242 g/t Ag over 2.0m; hole DZG-SF-24-108 intercepted 747 g/t Ag over 6.0m. Exploration holes near the granite contact: hole ZG-SF-24-183 intercepted 376 g/t Ag over 9.3m; hole DZG-SF-24-164 intercepted 657 g/t Ag over 10.5m, including 1,037 g/t Ag over 4.5m; 21,190m of the 2024 exploration program drilled year to date. "Today's high-grade drill results including hole DZG-SF-24-111continue to confirm high-grade continuity of silver mineralization at Zgounder," said Benoit La Salle, CEO. "In addition, the silver-rich intercepts in the western and eastern extremities continue to increase the resource expansion potential. We currently have four underground rigs turning that will deliver additional results in the coming months."
BWMN

Hot Stocks

07:16 EDT Bowman contracted to commence roadway project in Philadelphia - Bowman Consulting Group has been contracted to commence engineering services impacting safety improvements along portions of Roosevelt Boulevard US 1 in Philadelphia, PA. Key elements of the assignment include intersection modifications, traffic signal enhancements, pedestrian accommodations, signing and striping upgrades, bus stop improvements and green stormwater infrastructure. Bowman's assignment is to help facilitate a roadway corridor with enhanced pedestrian mobility, efficient movement for vehicles, transit riders and bicyclists and an improved experience for commuters and the community within the corridor. "This assignment is another affirmation of Bowman's reputation for innovative transportation services and solutions," said Gary Bowman, chairman and CEO of Bowman. "We look forward to starting immediately to collaborate on solutions with all the stakeholders involved in the successful completion of this complex and extremely impactful project."
BIOF

Hot Stocks

07:14 EDT Blue Biofuels receives $1.15M Department of Energy Phase 2 grant - Blue Biofuels announces that it has been awarded a Phase 2 Small Business Innovation Research, SBIR, grant from the U.S. Department of Energy amounting to $1.15 million. This significant funding will support the final stages of scaling the company's patented Cellulose-to-Sugar process, a groundbreaking technology that efficiently converts plant-based cellulose into sugars, which are fermented into ethanol to be used as sustainable biofuels. This Phase 2 grant follows the successful completion of Phase 1, where Blue Biofuels demonstrated the feasibility and effectiveness of its CTS process, paving the way for this Phase 2 grant.
AIRI

Hot Stocks

07:13 EDT Air Industries and All-System Aerospace team for foreign military sales - Air Industries Group announced a partnership with All-System Aerospace International or All-System Aerospac , to expand access in the rapidly growing Foreign Military Sales FMS market. The partnership agreement covers sales to 17 countries across Europe, the Middle East, Asia, and the Pacific, marking a major step forward in Air Industries' strategic goal to broadening manufacturing and distribution to allied militaries. Through this collaboration, Air Industries is poised to leverage All-System Aerospace's well-established international network of customers, enabling it to swiftly expand distribution of its product offerings and meet the growing demand in the FMS market. All-System Aerospace is a leading distributor of military hardware to foreign militaries, supporting military platforms including the Blackhawk, CH-53 Heavy Lift, and CH-47 Chinook. Adam Zacek, President of All-System Aerospace, added: "We are thrilled to support Air Industries in their FMS efforts. This agreement empowers All-System Aerospace to expand its product offering to the FMS community, enhancing support for U.S.-manufactured helicopter and fixed wing requirements. Our almost 50 years of experience in delivering high quality, rapid response solutions will now be complemented by Air Industries' innovative products, benefiting both companies and our growing client base."
ESGR

Hot Stocks

07:13 EDT Enstar Group announces expiration of 'go-shop' period - Enstar Group announced the expiration of the 35-day "go-shop" period as provided in the previously announced definitive merger agreement, pursuant to which Sixth Street will acquire Enstar for $5.1 billion. The go-shop period expired at 11:59 p.m. ET on September 2, 2024. During the "go-shop" period, Enstar, with the assistance of its financial advisor Goldman Sachs & Co. LLC, actively solicited alternative acquisition proposals from 34 potentially interested third parties. To date, the Company has not received any additional acquisition proposals following the execution of the merger agreement. As the "go-shop" period has ended, Enstar and its financial advisor have now entered into the "no-shop" period. During the "no-shop" period, the Company will be subject to customary restrictions limiting its ability to solicit any alternative acquisition proposals and to participate in discussions or negotiations with or provide non-public information to any person relating to any acquisition proposal, subject to customary "fiduciary out" provisions. The transaction, which has been unanimously approved and recommended to its shareholders by Enstar's Board of Directors, is expected to close in mid-2025, subject to approval by Enstar's shareholders, regulatory approvals, and other customary closing conditions. Upon completion of the transaction, Enstar will become a privately-held company.
VERX

Hot Stocks

07:12 EDT Vertex completes acquisition of ecosio - Vertex announced that it has completed the acquisition of ecosio, a leading B2B integration provider specializing in electronic data interchange and e-invoicing, as of August 30, 2024. The acquisition includes an upfront cash payment of $69 million, as well as a targeted earn-out of $76 million in cash and $35 million of Vertex shares. The initial purchase price of $69 million was funded by Vertex with cash on hand and represents a five times revenue multiple based on ecosio's current revenue run rate. If ecosio achieves all financial targets and earn-outs over the coming three years, the terminal multiple will also be approximately five times revenue.
BCRX

Hot Stocks

07:12 EDT BioCryst reports inducement grants under Nasdaq listing rule - BioCryst Pharmaceuticals announced that the compensation committee of BioCryst's board of directors granted nine newly-hired employees stock options to purchase an aggregate of 28,400 shares, and restricted stock units covering an aggregate of 20,025 shares, of BioCryst common stock. The options and RSUs were granted as of August 30, 2024, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $8.69 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst's Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.
CAPT

Hot Stocks

07:11 EDT Captivision announces collab with Mohegan INSPIRE resort - Captivision announced its collaboration with Mohegan, a global leader in premium entertainment and gaming resorts. Through this partnership, Captivision has installed a dynamic media glass facade at Mohegan INSPIRE Entertainment Resort, located adjacent to Incheon International Airport in South Korea. INSPIRE presents a groundbreaking range of amenities and attractions, setting a new standard with Mohegan's first international destination resort in Northern Asia.
CIEN

Hot Stocks

07:10 EDT Ciena CFO Moylan plans to retires in one year, effective August 28 - Ciena announced that James E. Moylan, Jr., Senior Vice President and Chief Financial Officer CFO , plans to retire in twelve months, effective August 28 . Ciena intends to commence a search process to identify a successor. Mr. Moylan will continue to serve as CFO until a successor is in place and he will assist in the transition of his responsibilities. "Jim has given more than 16 years of dedicated and distinguished service to Ciena. He has been a key member of our executive team and has played a significant role in the growth of our business and the strength of our operating model," said Gary Smith, president and CEO, Ciena.
MOB

Hot Stocks

07:08 EDT Mobilicom launches next-generation 8-inch Controller Pro - At the Commercial UAV Expo, in Las Vegas from September 3-5, Mobilicom launched its next-generation 8-inch Controller Pro. This innovative GCS aims to redefine uncrewed vehicle control, addressing the needs of a market currently projected to grow at a CAGR of 22% between 2023 and 2030. Growth in the tactical handheld GCS market for operating small-sized drones, robotics, and loitering munitions is driven by these systems' increasing deployment by governments and enterprises and their use in current global conflicts.
CYN

Hot Stocks

07:08 EDT Cyngn granted patent for method to preserve data from autonomous vehicles - Cyngn announced the official granting of a new patent, U.S. Patent No. 12,032,099, which introduces a method to maintain the accuracy of data collected by an autonomous vehicle's sensors as the vehicle moves. Since August 2023, Cyngn has been granted ten additional patents, bringing the total U.S. patents granted to 20. Patent 20 protects systems that improve the ability of Cyngn's autonomous vehicles to make intelligent decisions about its environment. At its core, the patent optimizes sensor data processing by integrating advanced LiDAR and image technologies. By initially capturing comprehensive environmental data, the system then calculates and adjusts for any time delay between data acquisition and processing. Crucially, it dynamically generates a motion model based on real-time sensor movements across multiple axes, ensuring precise predictions of future positions. The significance of this patent lies in its ability to significantly enhance the reliability and precision of sensor data in autonomous vehicles and robotics by effectively compensating for motion during data processing.
EYPT

Hot Stocks

07:07 EDT EyePoint appoints Fred Hassan to board of directors - EyePoint Pharmaceuticals announced the appointment of Fred Hassan to its Board of Directors. Previously, Mr. Hassan served as Chairman of the Board and CEO of Schering-Plough Corporation from 2003 to 2009. Additionally, the Company announced that Anthony P. Adamis, M.D. and David Guyer, M.D. have resigned from their positions as directors on the Company's Board due to their transition to full-time roles at Merck & Co
ELDN

Hot Stocks

07:06 EDT Eledon Pharmaceuticals completes enrollment for Phase 2 BESTOW trial - Eledon Pharmaceuticals announced that it has successfully completed enrollment for its Phase 2 BESTOW clinical trial, which is designed to assess the safety and efficacy of its investigational immunosuppression therapy tegoprubart for the prevention of organ rejection in patients undergoing kidney transplantation. The trial reached its target enrollment of 120 participants approximately four months earlier than originally planned.
BYU

Hot Stocks

07:06 EDT BAIYU Holdings subsidiary signs LOI with Adler International - BAIYU Holdings announced that the Company, through its subsidiary Shenzhen Jintongyuan Energy Storage Technology, has signed a Letter of Intent, or LOI, with Adler International, a Cairo-based company, to cooperate in the construction and operation of charging and swapping stations in Cairo, Egypt. The LOI marks a significant breakthrough in the Company's global expansion into the energy storage in the Middle East and Africa region. Pursuant to the LOI, the Company agrees to provide energy storage systems, charging piles and swapping equipment, and to oversee the planning and construction of the charging and switching stations. Both parties have agreed to jointly operate and manage the stations through a newly established Egyptian joint venture. The project, fully funded by the Egyptian government, involves the planning, renovation, and reconstruction of 365 charging and swapping stations in Cairo, with an initial investment of approximately $1.5M per station, totaling $547.5M, subject to the scale of subsequent construction.
DKS

Hot Stocks

07:05 EDT Dick's Sporting backs FY24 CapEx ~$900M on gross basis; ~$800M on net basis
IVVD

Hot Stocks

07:05 EDT Invivyd doses first participants in Phase 1 trial of VYD2311 - Invivyd announced dosing of the first participants in the Phase 1 healthy volunteer clinical trial of VYD2311, a next generation monoclonal antibody candidate for COVID-19. VYD2311 is a mAb with high in vitro neutralization potency shown against post-Omicron COVID-19 variants tested to date.
ALTG

Hot Stocks

07:05 EDT Alta Equipment Group appoints Colin Wilson to board of directors - On September 1, 2024, the Board of Directors of Alta Equipment Group elected Colin Wilson to join the Board of the Company, effective immediately, filling a vacancy. Mr. Wilson was elected to the class of directors whose term expires at the Company's annual meeting of shareholders in 2026. Wilson held the President and CEO role at Hyster-Yale Group until January 2020, when he retired.
GOCO

Hot Stocks

07:04 EDT GoHealth entered agreement to acquire e-TeleQuote Insurance - GoHealth announced that it entered into a purchase and subscription agreement which will ultimately lead to the acquisition of e-TeleQuote Insurance, a distinguished name in the Medicare insurance marketplace. The transaction is expected to close on September 30, 2024. This strategic move represents a significant milestone in GoHealth's mission to deliver unparalleled consumer-centric solutions while reinforcing the companies' shared values of integrity, empathy, and accountability. "GoHealth's scale, proprietary technology and operational excellence combined with e-TeleQuote's established talent and high-quality track record will create a mutually accretive relationship poised to drive better outcomes for and meet the evolving needs of our Medicare consumers," said Vijay Kotte, CEO of GoHealth.
DKS

Hot Stocks

07:04 EDT Dick's Sporting CEO says 'we delivered a very strong second quarter' - Lauren Hobart, President and CEO said, "We delivered a very strong second quarter. Powered by our compelling omni-channel athlete experience, differentiated product assortment, best-in-class teammate experience and our ability to create deep engagement with the DICK'S brand, we are driving sustained top-line momentum and gaining market share. Our Q2 comps were driven by growth in average ticket and transactions, and with growth in sales, gross margin expansion and SG&A leverage, we delivered EBT margin of nearly 14%. Because of our strong Q2 performance and the confidence we have in our business, we are again raising our full year outlook." Ed Stack, Executive Chairman said, "Our strong second quarter demonstrated the continued success of our long-term strategies and how DICK'S is truly differentiated within the industry. We are very enthusiastic about the significant growth opportunities ahead of us, including House of Sport and the repositioning of our portfolio. The future of our business is very bright, and I'd like to thank all our teammates for their strong execution in Q2 and for their dedication to DICK'S Sporting Goods."
BITF...

Hot Stocks

07:03 EDT Bitfarms addresses 'misleading claims' from Riot Platforms - Bitfarm (BITF) issued the following statement in response to the amended requisition proposal made by Riot Platforms (RIOT). "The upcoming special meeting is not about corporate governance, as Riot has repeatedly positioned it to be, but rather about Riot attempting to acquire Bitfarms at a discounted price for the benefit of Riot shareholders, not Bitfarms shareholders. Riot has declined to engage with us constructively - including by refusing to enter into a standard non-disclosure agreement with Bitfarms or put forth a revised proposal for our consideration - and has instead taken to public attacks and actions to harm the interests of other Bitfarms shareholders. The recent Board and leadership changes that Bitfarms has implemented were made independently of Riot, on behalf of all of our shareholders, to ensure the right team is in place to enhance shareholder value at Bitfarms, not for Riot's benefit and approval. The Bitfarms team is best-in-class, comprising the right mix of skills and experience to effectively oversee the Company's strategic plan. On the contrary, it is not clear how Riot's nominees could enhance the Board. Our recent proposed acquisition of Stronghold (SDIG) is consistent with our strategy to diversify our access to power and also rebalances our energy portfolio towards the U.S. Through this transaction, we will leverage our operational expertise and proprietary data analytics system to build on Stronghold's capabilities and further optimize its sites to advance the combined company's position in the marketplace. The transaction could add up to 307 MW of power capacity and is expected to put Bitfarms on track to increase its energy portfolio to over 950 MW, with nearly 50% in the U.S., by year-end 2025. The Board and management team are focused on the tremendous value-enhancing opportunity this transaction presents for Bitfarms and our shareholders. We remain steadfast in our commitment to delivering exceptional value in the near- and long-term."
AXSM

Hot Stocks

07:03 EDT Axsome Therapeutics announces FDA acceptance of NDA resubmission for AXS-07 - Axsome Therapeutics announced that the U.S. Food and Drug Administration, FDA, has acknowledged the resubmission of the Company's New Drug Application, NDA, for AXS-07 for the acute treatment of migraine. The FDA designated the resubmission as a Class 2 resubmission and set a Prescription Drug User Fee Act, PDUFA, action goal date of January 31, 2025.
ARBE

Hot Stocks

07:02 EDT Arbe Robotics signs framework agreement with Tianyi Transportation Technology - Arbe Robotics announced that its tier-1, Sensrad, has signed a framework agreement to provide 4D Imaging Radars powered by Arbe's chipset to China-based Tianyi Transportation Technology, according to an announcement from Sensrad. Sensrad values the agreement at an estimated 7M Euros, with deliveries expected to begin in the Q3. The agreement follows an extensive, year-long evaluation and implementation process of Sensrad's 4D Imaging Radar, which utilizes Arbe's advanced chipset technology.
DLTR

Hot Stocks

06:42 EDT Dollar Tree falls 13% to $71.11 after Q2 results miss, FY24 guidance cut
MRK

Hot Stocks

06:42 EDT Merck begins Phase 2b/3 of the BRUNELLO trial - Merck and EyeBio, a wholly-owned subsidiary of Merck & Co., announced the initiation of the Phase 2b/3 BRUNELLO trial evaluating Restoret MK-3000, formerly EYE103, for the treatment of diabetic macular edema, or DME. MK-3000 is an investigational, potentially first-in-class tetravalent, tri-specific antibody that acts as an agonist of the Wingless-related integration site signaling pathway. The initiation of the BRUNELLO trial is based on results from the open-label, Phase 1/2 AMARONE study of MK-3000 in patients with DME and neovascular age-related macular degeneration. "Data from the Phase 1/2 AMARONE study provided early evidence for the potential of MK-3000 for patients with retinal disease," said Dr. David Guyer, founder, CEO of EyeBio. "The initiation of the BRUNELLO trial marks an important milestone as we work with our new colleagues at Merck, driven by the common purpose to deliver new, much needed options for patients with diabetic macular edema."
QTRHF

Hot Stocks

06:41 EDT Quarterhill iTHEIA AI Video ATR selected by Minnesota DOT - Quarterhill announced the award of a contract for the supply of iTHEIA AI Video Automatic Traffic Recorders, or ATR, for Minnesota DOT.
IMUX

Hot Stocks

06:39 EDT Immunic enrolls first patient in vidofludimus calcium trial - Immunic announced enrollment of the first patient in an investigator-sponsored phase 2 clinical trial of its lead asset, nuclear receptor related 1 activator, vidofludimus calcium, entitled, "Randomized Adaptive Assessment of Post COVID Syndrome Treatments_Reducing Inflammatory Activity in Patients with Post COVID Syndrome (RAPID REVIVE)."
DLTR

Hot Stocks

06:35 EDT Dollar Tree provides update on store portfolio optimization review - "During the fourth quarter of fiscal 2023, we announced that we had initiated a comprehensive store portfolio optimization review which involved identifying stores for closure, relocation or re-bannering based on an evaluation of current market conditions and individual store performance, among other factors. As a result of the portfolio optimization review, we identified approximately 970 underperforming Family Dollar stores, including approximately 600 stores to be closed in the first half of fiscal 2024, and approximately 370 stores to be closed at the end of each store's current lease term. As of August 3, 2024, we have closed approximately 655 stores identified under the portfolio optimization review and expect to close an additional 45 during the remainder of fiscal 2024."
DLTR

Hot Stocks

06:34 EDT Dollar Tree provides tornado damage update - "On April 28, 2024, a tornado destroyed our Dollar Tree distribution center in Marietta, Oklahoma. Based on the significant damage sustained by the facility, the inventory contained in the facility and the facility itself are not salvageable. We incurred losses totaling $117.0 million in the first quarter of fiscal 2024, consisting of $70.0 million related to damaged inventory and $47.0 million related to property and equipment. These losses were fully offset by insurance receivables. As of August 3, 2024, we have received insurance proceeds totaling $70.8 million, including $45.0 million related to damaged inventory and $25.8 million related to damaged property and equipment. We expect that the remaining inventory losses and property and equipment losses will be fully offset by insurance recoveries under our distribution center insurance policies."
RHHBY

Hot Stocks

06:33 EDT Roche to present data for fenebrutinib from Phase II FENopta OLE study - Roche will present new 48-week data for the investigational Bruton's tyrosine kinase, BTK, inhibitor fenebrutinib from the Phase II FENopta open-label extension, OLE, study at the 40th Congress of the European Committee for Treatment and Research in Multiple Sclerosis, ECTRIMS, in Copenhagen, Denmark on 18 September 2024. Results demonstrate that patients with relapsing multiple sclerosis, RMS, treated with fenebrutinib for up to one year maintained very low levels of disease activity and no disability progression. During the OLE period, 96% of patients treated with fenebrutinib were free of relapses at one year, with an annualised relapse rate of 0.04, and no change in disability over 48 weeks as measured by the Expanded Disability Status Scale. Fenebrutinib treatment suppressed disease activity in the brain as measured by MRI scans. At 48 weeks, 99% of patients were free of T1 gadolinium-enhancing lesions, markers of active inflammation. Over the 48 weeks of OLE with continued fenebrutinib treatment, there was three times more reduction in the volume of T2 lesions, which represent chronic disease burden, compared to the end of the double-blind period. The safety profile of fenebrutinib in the OLE was consistent with previously reported data. The most common adverse events in greater than5% of patients were urinary tract infection, COVID-1 and pharyngitis. Serious AEs occurred in one patient.
RIG

Hot Stocks

06:30 EDT Transocean awarded contract for six wells offshore India - Transocean announced that Reliance Industries Limited awarded a binding Letter of Award for the Dhirubhai Deepwater KG1 for six wells offshore India. The estimated 300-day program is expected to commence in the Q2 of 2026 and is estimated to contribute approximately $123M in backlog, excluding additional services and a mobilization fee. The award also includes multiple options. If all options are exercised, the rig would remain in India through the end of 2029.
WDH

Hot Stocks

06:21 EDT Waterdrop announces 2c per share special cash dividend - The board has approved a special cash dividend of 2c per ADS to shareholders of record as of the close of business on October 11. The payment date is expected to be on or around November 5 for holders of ordinary shares and on or around November 8 for holders of ADSs.
WDH

Hot Stocks

06:20 EDT Waterdrop announces new $50M share repurchase program - The board of the directors of the company has approved a new share repurchase program whereby the company is authorized to repurchase its own ordinary shares in the form of American depository shares with an aggregate value of up to $50M during the 12-month period through September 9, 2025. The company expects to fund the repurchase out of its existing cash balance.
QH

Hot Stocks

06:12 EDT Quhuo International, Get Holdings establish pact in Azerbaijan with Volt Auto - Quhuo International, the overseas division of Quhuo, and Get Holdings established a strategic partnership in Azerbaijan with electric vehicle, or EV, dealer Volt Auto and mobility platform Bolt. This strategic partnership aims to boost EV adoption, improve ride-hailing services, and enhance local lifestyle services, marking a key step in Quhuo International's global strategy.
LLY INCY

Hot Stocks

06:05 EDT Eli Lilly, EVA Pharma collaborate to expand access to baricitinib in Africa - Eli Lilly (LLY) and EVA Pharma announced that the companies have entered into an agreement to expand access to baricitinib to an estimated 20,000 people in 49 low- to middle-income countries in Africa by 2030. Discovered by Incyte (INCY) and licensed to Lilly, baricitinib is for the treatment of rheumatoid arthritis, alopecia areata, atopic dermatitis, and COVID-19. EVA Pharma's dedicated high-containment facility is set to begin sales of the locally manufactured baricitinib by 2026 to various African countries.
DGHI

Hot Stocks

06:03 EDT Digihost provides Bitcoin production results for August - Digihost Technology is pleased to provide unaudited comparative Bitcoin production results for the month ended August 31, 2024, combined with an operations update. All monetary references are expressed in USD unless otherwise indicated. Monthly Production Highlights for August 2024: The company held cash, BTC and cash deposits of approximately $10.4M as of August 31, 2024 (based on a BTC price of $58,970 as of August 31, 2024 per CoinMarketCap), as compared to $6.9M as of July 31, 2024 (based on a BTC price of $65,100 as of July 31, 2024 per CoinMarketCap). Between self-mining and hosting agreements, miners at the company's facilities produced approximately 55 BTC during the month of August, representing an increase of approximately 30% as compared to July 2024. As previously disclosed in its news release of June 11, 2024, Digihost entered into a new agreement pursuant to which the company will integrate 11,000 state-of-the-art S21 miners into its facilities, translating to approximately 44MW of shared revenues. The deployment of those next-generation, energy-efficient miners has commenced and will be completed in phases, and the company is targeting to be at a total of 3.2 EH/s by the end of September 2024. The company spent approximately $0.8M on capital expenditures, mining infrastructure support equipment, and deposits. Digihost continues to monitor its capital expenditures closely, using self-funding to limit equity dilution for its shareholders when viable. Presently, Digihost's consolidated operating capacity across its three sites represents approximately 90MW of available power, and Digihost is mining at hashrate of 2.75 EH/s. The company is currently exploring opportunities to build its initial Tier 3 data center with a target completion date of end of 2025.
GNL

Hot Stocks

06:02 EDT Global Net Lease sells two new properties as part of strategic disposition plan - Global Net Lease announced continued progress in its 2024 strategic disposition plan with the sales of The Plant Shopping Center in San Jose, California for $95M and the Foster Wheeler office property in Shinfield Park, Reading, United Kingdom for over $27M. As of August 31, GNL has closed or secured agreements for dispositions totaling $854M at a cash cap rate of 7.2%1. GNL used the net proceeds from The Plant Shopping Center sale to pay down its Revolving Credit Facility. To maximize the property's value for a sale, GNL strategically subdivided the asset into two separate parcels, bifurcating The Plant Shopping Center from an adjacent single-tenant property. GNL believes this broadened the potential buyer pool and enabled the Company to secure premium pricing for the parcel with the multi-tenant shopping center. The newly created parcel that GNL retained ownership of is now a core single-tenant property that is leased to Home Depot, an investment-grade tenant with an A2 credit rating. There are approximately 10 years remaining on the lease, with a 12.5% rental increase every five years.
BX

Hot Stocks

05:51 EDT Blackstone to acquire AirTrunk in A$24B transaction - Funds managed by Blackstone, along with the Canada Pension Plan Investment Board, or CPP Investments, have entered into a definitive agreement to acquire AirTrunk, the Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension Investment Board, for an implied enterprise value of over A$24B. This represents Blackstone's largest investment in the Asia Pacific region. The transaction is subject to approval from the Australian Foreign Investment Review Board. AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.
INTC...

Hot Stocks

05:40 EDT Intel launches Intel Core Ultra 200V series processors - Intel (INTC) on Tuesday launched its "most efficient" family of x86 processors ever, the Intel Core Ultra 200V series processors. Intel said: "They deliver exceptional performance, breakthrough x86 power efficiency, a massive leap in graphics performance, no-compromise application compatibility, enhanced security and unmatched AI compute. The technology will power the industry's most complete and capable AI PCs with more than 80 consumer designs from more than 20 of the world's top manufacturing partners, including Acer, ASUS, Dell Technologies (DELL), HP (HPQ), Lenovo (LNVGY), LG, MSI and Samsung (SSNLF). Pre-orders begin [Tuesday] with systems available globally on-shelf and online at over 30 global retailers starting Sept. 24. All designs featuring Intel Core Ultra 200V series processors and running the latest version of Windows are eligible to receive Copilot+ PC features as a free update starting in November."
ATHM

Hot Stocks

05:35 EDT Autohome announces new $200M share repurchase program - Autohome announced that its board of directors has approved a new share repurchase program, effective from September 4. Pursuant to the new share repurchase program, the company may repurchase up to $200M worth of its shares over the next 12 months.
NSIT

Hot Stocks

05:33 EDT Insight Enterprises appoints James Morgado as chief financial officer - Insight Enterprises announced the appointment of James Morgado to the role of chief financial officer, effective January 1, 2025. Morgado will report to Insight CEO Joyce Mullen and, in January, will replace CFO Glynis Bryan, who announced her intent to retire earlier this year. Morgado currently serves as senior vice president and chief financial officer for North America at Insight. In this role, Morgado has been responsible for driving the company's efforts to increase its gross margins as part of Insight's commercial excellence initiative. Morgado will succeed Glynis Bryan who has served as Insight's CFO since 2007 and has been instrumental in shaping the organization over the past 17 years. Bryan will continue to serve as CFO through the end of the 2024 calendar year. Coinciding with Morgado's appointment, Insight expanded its board of directors.
INDV

Hot Stocks

05:23 EDT Indivior provides update on AEF01171 trial, does not expect to exercise option - Indivior is providing an update following Aelis Farma's announcement of the results from its clinical Phase 2B trial with AEF01171, evaluating the efficacy and safety in treatment-seeking participants with moderate to severe Cannabis Use Disorder, or CUD. The purpose of this trial was twofold: to show that AEF0117 lowers cannabis use and to determine the endpoints and optimal dosage of AEF0117 for use in future studies. In this phase 2B study, patients were treatment-seeking participants, 84% of whom had severe CUD. The results of the study demonstrated that the primary endpoint, the proportion of participants who reduced their cannabis use to one day per week, as well as secondary endpoints measuring the proportion of participants reaching either complete abstinence or who used two days per week, were not met. Although these results are disappointing, they indicate that significant work remains to be done to understand subpopulations of patients with CUD, specifically those with severe CUD. This clinical Phase 2B study is part of the strategic collaboration between Aelis Farma and Indivior, which includes an exclusive option for Indivior to license the global rights to AEF0117. Given the lack of separation from placebo on primary and secondary endpoints and before seeing further additional clinical data, Indivior does not currently expect to exercise its option.
MYNZ

Hot Stocks

05:14 EDT Mainz Biomed expands collaboration with Liquid Biosciences - Mainz Biomed announced the expansion of its collaboration with Liquid Biosciences to Mainz Biomed's next-generation detection test for pancreatic cancer. The companies will leverage Liquid Biosciences proprietary AI analysis technology platform EMERGE to expand and optimize the selection of novel biomarkers for PancAlert. The recently completed first phase of the collaboration included the evaluation of biomarkers from the Company's research program co-funded by the German Federal Ministry for Education and Research, and applied a single algorithm developed by Liquid Biosciences using its EMERGE platform. The results of this feasibility analysis were promising, leading the company and Liquid Biosciences to believe that a PancAlert diagnostic test could, in the future, be combined with Mainz Biomed's colorectal cancer screening product. The company and Liquid Biosciences plan to continue with the second phase of the collaboration, for which the evaluation of biomarkers will be expanded to include the microbiome biomarkers that were analyzed in collaboration with Microba Life Sciences in 2023, as well as an extension of the AI algorithm. The companies plan to complete this analysis in the fourth quarter of 2024.
WISA

Hot Stocks

05:12 EDT WiSA Technologies to acquire assets, IP from Datavault in $210M transaction - WiSA Technologies announced that it has executed a definitive asset purchase agreement to purchase the Datavault intellectual property and information technology assets of privately held Data Vault Holdings for $210M, consisting of 40M shares of common stock of WiSA Technologies to be issued at $5 per share plus a $10M three-year note. Closing, subject to customary conditions and approval by the stockholders of WiSA Technologies, is expected to occur prior to December 31. The management teams of WiSA Technologies and Data Vault Holdings will host an investor conference call to discuss the transaction. The resulting publicly traded data technology and licensing company will enable clients and strategic partners to monetize their Blockchain Data and AI Web 3.0 assets via tokenization, data ownership and digital twins. Following the asset acquisition, the company will include the Datavault and ADIO assets, talent and experience with WiSA Technologies to offer two solutions. Data Sciences will license high performance computing, or HPC, software applications and Web 3.0 data management serving biotech research, energy, education, fintech, real estate, healthcare, among others. Acoustic Sciences will license spatial and multichannel HD sound transmission, including Adio, WiSA and Sumerian, to customers in sports & entertainment, events & venues, restaurants, automotive, finance, and other industries. The $210M consideration will be paid to Data Vault in exchange for Datavault and Adio intellectual property and information technology assets by WiSA Technologies. A total of $200M will be in the form of shares of restricted common stock of WiSA Technologies to be issued at $5.00 per share, $10M will be paid in an unsecured promissory note due three years from closing, with 10% of the proceeds of any financings used to pay down or pay off the promissory note in the interim. And lastly, a 3% royalty on future revenues from Datavault and ADIO product lines will be paid to Master Vault. Closing is subject to customary conditions and approval by the stockholders of WiSA Technologies. The proxy is expected to be mailed around the end of September, with the stockholders meeting to be held in Q4. Upon closing, Nathaniel Bradley, CEO and co-founder of Data Vault, will become CEO and Brett Moyer, CEO of WiSA, will become CFO. The company intends to change its name to Datavault Inc.
NXPI

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05:04 EDT NXP Semiconductors, VIS establish VSMC joint venture - Vanguard International Semiconductor and NXP Semiconductors announced that they have obtained all necessary approvals from relevant authorities and injected capital to officially establish the VisionPower Semiconductor Manufacturing, or VSMC, joint venture. The company will now proceed with the planned construction of VSMC's first 300mm wafer manufacturing facility. VIS and NXP announced on June 5 this year plans to establish the VSMC joint venture in Singapore to build a 300mm wafer fab with a total investment of approximately $7.8B. VSMC will begin construction on its initial phase of the wafer fab in the second half of this year, with initial production slated to begin in 2027. Upon the successful ramp of the initial phase, a second phase will be considered and developed pending commitments by VIS and NXP. The 300mm fab will support 130nm to 40nm mixed-signal, power management and analog products, targeting the automotive, industrial, consumer and mobile end markets. The related technology license and technology transfer will be from TSMC, and a technology license agreement with TSMC has been signed. With an expected output of 55,000 300mm wafers per month in 2029, the joint venture will create approximately 1,500 jobs while contributing to the development of the upstream and downstream supply chains, contributing to Singapore and the global semiconductor ecosystem.