Stockwinners Market Radar for September 24, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
AMZN | Hot Stocks20:03 EDT Cathie Wood's ARK Investment buys 2K shares of Amazon.com today
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PACB | Hot Stocks20:03 EDT Cathie Wood's ARK Investment buys 1.2M shares of PacBio today
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ORGS | Hot Stocks19:50 EDT Orgenesis trading halted, news pending
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ARQQ | Hot Stocks19:50 EDT Arqit Quantum trading halted, news pending
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FRGT | Hot Stocks19:50 EDT Freight Technologies Inc trading halted, news pending
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BRK.A BAC | Hot Stocks18:52 EDT Berkshire Hathaway sells 21.6M Bank of America shares for $862.7M - In a regulatory filing, Berkshire Hathaway (BRK.A) disclosed that its sold about 21.6M shares of Bank of America (BAC) stock valued at $862.7M over the period of September 20 to September 24.
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CCOEY... | Hot Stocks18:40 EDT Sony unveils 'Horizon Zero Dawn Remastered,' 'Ghost of Yotei' at State of Play - At a State of Play event, Sony's (SONY) PlayStation unit made a number of announcements about upcoming video game releases, including: new free downloadble content for PS5 exclusive "Astro Bot," out in Fall 2024; a reveal for "The Midnight Walk," an adventure title for PS5 and PSVR2; a reveal for "Hell is Us," a new action game for PS5 developed by Rogue Factor; a new trailer for PSVR2 game "Metro Awakening VR," out November 7, 2024; a reveal for action-RPG "Archeage Chronicles," out for PS5 in 2025; an announcement that Pocketpair's "Palworld" will be coming to PS5 on Tuesday after previously being available only on PC and Xbox Series X/S (MSFT); announcement that the "Lunar Remastered Collection" is coming to PlayStation consoles in Spring 2025; announcement that former iOS-exclusive role-playing game "Fantasian: Neo Dimension" will be coming to PS5 on December 5; a new trailer for Electronic Arts' (EA) multiplatform role-playing game "Dragon Age: The Veilguard," out October 31, 2024; a new trailer for "Alan Wake 2: The Lake House," a downloadble expansion to "Alan Wake 2"; an announcement that "Hitman: World off Association" is coming to PSVR2 later this year; an announcement that Koei Tecmo's "Dynasty Warriors: Origins" will release January 17, 2025; a new trailer for Capcom's (CCOEY) "Monster Hunter Wilds," out February 28, 2025; an update trailer for Sony-published "LEGO Horizon Adventures," out November 14, 2024; a confirmation that "Horizon Zero Dawn Remastered" is coming to PS5 and PC, out October 31, 2024; and a reveal trailer for PS5 exclusive action game "Ghost of Yotei," out in 2025.
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CRC | Hot Stocks17:59 EDT California Resources and Sage Geosystems sign collaboration MoU - Sage Geosystems and California Resources announced the signing of a Memorandum of Understanding, or MOU, to establish a collaborative framework for pursuing commercial projects and joint funding opportunities related to subsurface energy storage and geothermal power generation in California. This strategic partnership between Sage and CRC will focus on developing clean and reliable energy solutions in the State of California. Current estimates are that the global electricity demand will double by 2050, and this does not include the demand for data centers with artificial intelligence capabilities.
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CRM | Hot Stocks17:49 EDT Salesforce to acquire data management provider Zoomin, no terms - Salesforce has signed a definitive agreement to acquire Zoomin, a leading data management provider for unstructured data. Salesforce Data Cloud, with Zoomin's capabilities, will accelerate the unlocking of unstructured data to power AI agents, making them more personalized and context-aware in every customer interaction. With this, Salesforce's Agentforce will gain new levels of intelligence, enabling customers to build AI that provides real-time, data-informed responses and actions tailored to individual customer needs. The acquisition is expected to close in the fourth quarter of Salesforce's fiscal year 2025, subject to customary closing conditions. "Proprietary unstructured data is powerful fuel our customers can use for AI agents and customer experiences, and Zoomin's proven expertise and technology will accelerate Data Cloud's innovation and enable our customers to get better value from Agentforce," said Rahul Auradkar, EVP & GM, Unified Data Services & Einstein. "This proposed transaction underscores our continued commitment to enable our customers to harness the value all of their data into the #1 AI CRM through Data Cloud, as well as to activate relevant, contextual information to ground unique AI experiences with enterprise-leading trust controls."...Zoomin has been a Salesforce AppExchange partner since 2018 and a Salesforce Ventures portfolio company since 2019. Through the existing partnerships between Salesforce and Zoomin, hundreds of Salesforce customers are already using Zoomin's unified knowledge product to deliver intuitive experiences to their customers, partners, and employees. This transaction does not result in any change to Salesforce's current financial guidance previously provided in August 2024 and we will not be disclosing any further financial details. Reference Link
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GD | Hot Stocks17:35 EDT General Dynamics awarded $191.19M Defense Logistics Agency contract - General Dynamics has been awarded a minimum $191.19M firm-fixed-price, one-time-buy contract for Iron Fist Protection System B-kits. This was a sole-source acquisition using justification 10 U.S. Code 3204 (a)(1), as stated in Federal Acquisition Regulation 6.302-1. This is a three-year contract with no option periods. The delivery order completion date is July 31, 2027. Using customers are Army and federal civilian agencies. Type of appropriation is fiscal 2024 Ukraine payback funding. The contracting activity is the Defense Logistics Agency Aviation.
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HII | Hot Stocks17:33 EDT HII awarded $3.67B Navy contract modification - HII was awarded a $3.67B fixed-price incentive modification to a previously awarded contract to definitize the advance procurement of long lead time material procurement and procure the detail design and construction and special studies in support of one amphibious assault ship replacement America class Flight 1 ship. This contract modification includes options which, if exercised, would bring the cumulative value of this contract to $3.89B. Work is expected to be completed by September 2033. If all options are exercised, work will continue through March 2035. FY23 shipbuilding and conversion funds in the amount of $115M and FY22 shipbuilding and conversion funds in the amount of $203,039, will be obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems Command is the contracting activity.
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MGLD | Hot Stocks17:33 EDT The Marygold Companies secures private placement to fund fintech rollout - The Marygold Companies announced it has secured $4.38M in funding as part of a $6.56M total private placement with Streeterville Capital, an institutional investment firm, through the sale of the company's secured promissory note. Net proceeds will be used exclusively to implement next-stage initiatives for the company's Marygold & Co. project, including initial marketing of its recently developed fintech app., a digital platform alternative to traditional banking that enables users to spend, invest and save. "As part of our strategic plan to develop and test the viability of the platform, we invested more than $15M over the past five years from cash and profits internally generated by our operating subsidiaries," said Nicholas Gerber, TMC's chief executive officer. "With the critical development and initial testing phase now successfully behind us, we are pleased to have attracted external funding for the rollout stage, which we believe attests to the uniqueness of the app and the long-term potential of its commercial success. "The app was soft-launched in the U.S. in 2023 by our Denver-based subsidiary, Marygold & Co., and plans are underway for further U.S. market penetration.
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HII | Hot Stocks17:31 EDT HII awarded $5.8B Navy contract - HII was awarded a $5.8B fixed-price incentive contract for detail, design, and construction of three amphibious transport dock ships Flight II. Work is expected to be completed by September 2035. FY24 shipbuilding and conversion funds in the amount of $449M; and FY21 shipbuilding and conversion funds in the amount of $1M, will be obligated at time of award and will not expire at the end of the current fiscal year. This contract was not competitively procured in accordance with 10 U.S. Code 2304(c)(1) and 10 U.S. Code 3204(a)(1). Naval Sea Systems Command is the contracting activity.
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KBH | Hot Stocks17:28 EDT KB Home sees FY25 housing revenue $7.5B - Says well positioned to produce $6.9B in housing revenues in FY24. Sees FY24 community count 250-255.
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PL | Hot Stocks17:23 EDT Planet Labs releases Forest Carbon Monitoring product at 3-meter resolution - Planet Labs PBC released its Forest Carbon Monitoring product, consisting of quarterly, 3-meter resolution measurements of forests globally. This new product offers partners and customers an unprecedented dataset to support voluntary carbon markets, regulatory compliance, and deforestation mitigation. "Tackling climate change requires significant investment in carbon projects. BeZero Carbon's 80-strong science team interrogates these projects using the most timely and complete data possible, so that investments can be made with a clear view of credit quality," said Dr. Phil Platts, VP of Geospatial and Earth Observation at BeZero Carbon. "Planet's Forest Carbon Monitoring product is the first and only dataset delivering high cadence, global forest carbon estimates at 3-meter resolution. That level of granularity can make a big difference for monitoring forest intactness, management practices, or scattered trees on farmland." Platts continued, "We rate hundreds of projects, of all kinds, all over the world. Doing so requires an enormous range of data, which we evaluate and combine project by project. Having Planet data in the mix is incredibly helpful, and we are using it to detect individual trees, right up to jurisdictional accounting."
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KBH | Hot Stocks17:22 EDT KB Home sees Q4 housing revenue $1.94B-$2.04B - Sees Q4 average selling price $510,000. Says expects improvement in housing gross margin and SG&A expense ratio in Q4. Sees Q4 housing gross profit margin 21%-21.4%. Sees Q4 tax rate 24%. Says gross margin in Q3 was slightly lower than past two quarters. Says desire for home ownership is strong. Says some buyers hesitated on purchase decision given uncertainty of interest rates. Says lower mortgage rates help stimulate demand. Says adjusted pricing at community level as needed which positively impacted net orders in August. Says mortgage concessions averaged 2% of housing revenues in Q3. Comments and guidance taken from Q3 earnings conference call.
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BBWI MOV | Hot Stocks17:19 EDT Bath & Body Works to replace Movado in S&P 600 at open on 10/1
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AUID | Hot Stocks17:19 EDT authID appoints identity industry veteran Erick Soto as Chief Product Officer - authID announced the appointment of Erick Soto as Chief Product Officer. Mr. Soto, a seasoned product leader with over 15 years of industry experience, comes to authID after serving as a Chief Product Officer and adviser to successful identity verification providers, financial technology businesses, and neobanks. In his new role, Soto will oversee the evolution of the authID platform for biometrically onboarding and authenticating customers' employees and consumers. He will direct a robust group of developers and designers working on the continuous improvement of authID's Proof and Verified product lines to enhance performance, functionality and user experience.
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AMTM BBWI | Hot Stocks17:18 EDT Amentum to replace Bath & Body Works in S&P 500 at open on 9/30 - Amentum Holdings (AMTM) will be added to the S&P 500 effective prior to the open of trading on Monday, September 30, replacing Bath & Body Works (BBWI), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Tuesday, October 1.
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TCEHY | Hot Stocks17:04 EDT SAG-AFTRA calls strike against 'League of Legends' - SAG-AFTRA said it called a strike Tuesday against popular online video game "League of Legends," after a company that produces the game tried to subvert the video game strike. The union believes those actions, by the company Formosa Interactive LLC, to be a flagrant violation of labor law and has filed an unfair labor practice charge against the company with the National Labor Relations Board. The Fly notes that "League of Legends" is developed and published by Riot Games, which is owned by China's Tencent. Reference Link
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LFWD | Hot Stocks17:02 EDT Lifeward to sell AlterG family of products through its German sales organization - Lifeward announced that it will begin selling the AlterG family of products through its German sales organization, effective immediately. The announcement was made at today's REHACARE 2024 conference in Dusseldorf, Germany, where the new AlterG NEO will be available for live demonstrations and purchase. The move adds the AlterG product line to the ReWalk Personal Exoskeleton in Lifeward's German sales portfolio. The Company expects several financial benefits from selling directly, including greater revenue due to a more focused sales effort and higher margins with little incremental investment by utilizing its existing sales and support infrastructure in Germany. AlterG products have been available to customers in Germany since 2013 through a distribution arrangement with PHYSIOMED GROUP, formerly proxomed Medizintechnik. Under this existing contract, PHYSIOMED GROUP will continue to provide service and support to its existing base of nearly 500 customers in Germany and will continue to distribute AlterG units in parallel with the Lifeward team.
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MTZ | Hot Stocks17:00 EDT MasTec COO Apple sells over $2.5M in company shares - MasTec COO Robert Apple disclosed the sale of 20,000 shares of company stock at $126.27 per share on September 20, for a total transaction amount of $2,525,400.
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FULC | Hot Stocks16:56 EDT Fulcrum Therapeutics to reduce workforce from 80 to 51 full-time employees - On September 24, Fulcrum announced the approval by its board of directors of a plan to reprioritize research and development activities to focus on advancing pociredir for the treatment of sickle cell disease, novel therapeutic agents for the treatment of Diamond-Blackfan anemia, and its early discovery programs. The plan will reduce the Company's workforce from 80 to 51 full-time employees, including a reduction of positions across both research and development and general and administrative. Fulcrum expects to incur one-time costs of approximately $2M in connection with this workforce reduction, primarily related to cash payments for severance. The Company communicated the workforce reduction on September 24 and expects the majority of the costs associated with the reduction to be incurred during the third quarter ending September 30 . The Company expects that the implementation of the workforce reduction will be substantially complete by the end of the third quarter of 2024. The workforce reduction is expected to result in annual operating expense savings of approximately $10M beginning in the first quarter of 2025. The charges Fulcrum expects to incur in connection with this reduction in force are subject to a number of assumptions, risks and uncertainties, and actual results may materially differ. Fulcrum may also incur other material charges not currently contemplated due to events that may occur as a result of, or associated with, these actions. This information is from a company 8K filing. Reference Link
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SFIX | Hot Stocks16:54 EDT Stitch Fix down 17% at $3.10 after Q4 earnings miss, below-consensus guidance
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SFIX | Hot Stocks16:53 EDT Stitch Fix reports FY24 gross margin up 190bps from FY23 at 44.3% - This is the company's "highest annual gross margin since FY21".
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SFIX | Hot Stocks16:51 EDT Stitch Fix sees Q1 gross margin 44%-45% - Sees FY25 gross margin 44%-45%. Comments taken from investor presentation slides.
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NSC | Hot Stocks16:48 EDT Norfolk Southern names Jason Zampi as CFO, Jason Morris as Chief Legal Officer - Norfolk Southern has named Jason Zampi as Executive Vice President, CFO and Treasurer, and has named Jason Morris as Senior Vice President, Chief Legal Officer and Corporate Secretary, effective immediately. As CFO and Treasurer, Zampi will oversee the company's financial departments as well as Strategic Planning. He has more than 28 years of finance and accounting expertise, including 13 years with Norfolk Southern where he has advanced through key roles in forecasting, budgeting, and corporate accounting. Prior to joining Norfolk Southern, Zampi was a senior manager with KPMG LLP. As CLO and Corporate Secretary, Morris will oversee the company's legal, government relations, corporate secretary, and compliance departments. He joined Norfolk Southern's legal department in 2010 and took on roles of increasing responsibility there before also serving in the Operations and Transformation divisions.
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ALL | Hot Stocks16:48 EDT Allstate exec sells $6.96M in common stock - In a regulatory filing, Allstate disclosed that its President of Corporate Strategy, John Dugenske, sold 36.4K shares of common stock on September 20th in a total transaction size of $6.96M.
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FMAO | Hot Stocks16:47 EDT Farmers & Merchants raises dividend 0.125c to 22.125c - The Board of Directors of Farmers & Merchants Bancorp, the holding company of F&M Bank, announced that it has approved the Company's quarterly cash dividend of 22.125c per share. The Q3 dividend is payable on October 20 to shareholders of record as of October 4. The 22.125c per share cash dividend reflects a 0.125c per share increase in the quarterly dividend, representing the 30th consecutive annual increase in the Company's regular dividend payment.
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WOR | Hot Stocks16:38 EDT Worthington says secular trends should benefit as demand normalizes - "We have a positive long-term outlook especially with the recent recalibration of interest rates. Our market-leading products and brands are well-positioned to take advantage of long-term secular trends and should benefit when near-term headwinds subside and demand normalizes," Rose said. "We are also equipped with a strong balance sheet and the ability to drive long-term growth and reward shareholders as we leverage the Worthington Business System of transformation, innovation and M&A."
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ENV | Hot Stocks16:36 EDT Envestnet shareholders approve acquisition by Bain Capital - Envestnet announced that, at a special meeting, the Company's stockholders approved the pending acquisition of the Company by affiliates of vehicles managed or advised by Bain Capital. Based on a preliminary tally of voting results, approximately 99.33% of the votes represented at the Special Meeting were in favor of the Merger.
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MSGM | Hot Stocks16:35 EDT Motorsport Games releases 'Le Mans Ultimate' update, end of Early Access pricing - Motorsport Games has released the September Update for "Le Mans Ultimate", the official game of the FIA World Endurance Championship and the 24 Hours of Le Mans. This latest update, available now, includes a new co-op game mode, a completed Hypercar grid, and the release of new content. New game features in this update include a newly released co-op mode that allows players to race with friends, taking turns completing stints and handing over control to a team mate at a time that is convenient to you, working together across several days or weeks to complete a longer endurance race. Furthermore, for individual players looking to tackle longer races, a new save feature allows players to save the game at a pit stop and resume at their convenience. Additionally, further quality of life changes to car and season selection have been added to this release to improve player experience. The second of four DLC packs, named "2024 Pack 2", has also been released and includes two Hypercars: the A424 LMDh from French manufacturer Alpine and the Isotta Fraschini Tipo 6 LMH. Sitting alongside the two new vehicles is the unique Circuit of the Americas, based in Texas. The pack is on sale at an early access price of GBP 9.99 / EUR 11.99 / $12.99 or users can purchase the Season Pass for GBP 39.99 / EUR 46.99 / $48.99. The Season Pass comprises four packs in total with Pack 1 released in July. The two following packs are expected for users to enjoy in December 2024 and Early 2025 respectively and are scheduled to include 7 GT3 cars and 2 circuits with all users receiving 2 additional GT3 cars as a free download without purchase. Motorsport Games also announced that the introductory Early Access pricing will expire on October 1, as more content and features are added to the game. After that date, the base game price will increase to GBP 28.99 / EUR 34.99 / $37.99, providing an opportunity for those on the fence to take advantage of the current lower price. Further to the paid content updates, all 2024 LMP2 and Hypercar liveries have been included in this release for all users.
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CVLT | Hot Stocks16:33 EDT Commvault to acquire Clumio, terms not disclosed - Commvault announced it will acquire Clumio, a technology company in data protection for critical cloud data in AWS. This transaction enables Commvault to leverage Clumio's AWS offerings to provide cyber resilience to next generation applications built on AWS. Clumio serves a wide range of customers including Atlassian, Cox Automotive, Duolingo, and LexisNexis. The asset acquisition is expected to close in early October 2024, and be immediately accretive to ARR and revenue, and accretive to free cash flow within the next three quarters. The purchase price is not material to Commvault and will be funded with cash on hand. Commvault reiterates the fiscal second quarter 2025 earnings guidance previously announced on July 30, 2024. .
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HBB | Hot Stocks16:32 EDT Hamilton Beach appoints Scott Tidey as CEO - The Hamilton Beach Brands Holding Board of Directors announced that Gregory H. Trepp, CEO, will retire from the Company on December 31. In order to facilitate a long-standing succession plan, Trepp will step down from his current position and from the Board of Directors, effective September 30. R. Scott Tidey, currently President of the Company, will succeed Trepp and become President and CEO and a member of the Board of Directors, effective October 1. Trepp will serve in the role of Advisor to the CEO until his retirement in support of a smooth transition. Tidey was appointed President of the Company in February 2024. Prior to that, he had served in successive executive level positions with Hamilton Beach Brands. Since January 2023, he had served as Senior Vice President, Global Sales. Before that, he served as Senior Vice President, Consumer Sales & Marketing from March 2021 to January 2023, and as Senior Vice President, North America Sales and Marketing from 2010 to March 2021. Prior to joining the Company in 1993, Tidey worked for A.H. Robins. He received a Bachelor of Science in Business Management from the Virginia Polytechnic Institute and State University.
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AL | Hot Stocks16:32 EDT Air Lease delivers first of six new Airbus A220-300 to TAAG Angola Airlines - Air Lease "announced the delivery of one new Airbus A220-300 to TAAG Angola Airlines, the national carrier of Angola. This is the first A220 aircraft to deliver on long-term lease to TAAG and is the first of six new A220-300s confirmed to deliver to the airline from ALC's orderbook with Airbus."
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CACI | Hot Stocks16:31 EDT CACI awarded $314M U.S. Navy order - CACI International announced that it has been awarded a five-year task order valued at up to $314M to provide engineering services and technology to the U.S. Navy Naval Undersea Warfare Center under the Department of Defense Information Analysis Center's multiple-award contract vehicle. Through the NUWC Engineering and Modernization Operations (NEMO) program, CACI will develop, deliver, and train sailors in the areas of integration support, logistics, project management, cyber capabilities, and analysis. These activities will allow the customer to engage in new fleet exercises and events, test new capabilities, and evaluate vulnerabilities that will ultimately reduce the risk of cyber intrusions.
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KAPA | Hot Stocks16:29 EDT Kairos Pharma collaborates with PreCheck on ENV105 companion biomarkers - Kairos Pharma announced a collaboration with PreCheck Health Services Inc., a CLIA-certified and CAP-accredited clinical laboratory specializing in genetic sequencing. The partnership focuses on the development of companion biomarkers for Kairos Pharma's cancer therapy, ENV105, which targets prostate and lung cancers. This strategic agreement aims to advance the precision of patient screening and therapy monitoring for Kairos Pharma's Phase 1 and Phase 2 clinical trials, with the aim of advancing cancer treatment by identifying patients who will benefit most from ENV105. Kairos Pharma and PreCheck Health Services will utilize advanced molecular diagnostics to corroborate and further develop biomarkers previously identified in a Phase 2 clinical trial. These biomarkers are designed to predict patient responses to ENV105 prior to treatment, offering a more personalized approach to cancer care. Under the agreement, PreCheck will analyze biopsy tissues and circulating tumor cells from patients enrolled in Kairos Pharma's ongoing clinical trials, including a Phase 2 randomized, multi-institutional trial in prostate cancer and a Phase 1 trial in lung cancer. The goal is to confirm the predictive capabilities of these biomarkers and to discover new biomarkers that can identify suitable candidates for the novel therapy. The collaboration will rely on PreCheck's proprietary SolidTumorCheck+ platform, which allows for gene expression profiling of tumor biopsies. This technology will be employed to examine samples from patients with both lung and prostate cancer. Furthermore, the analysis of circulating tumor cells aims to offer non-invasive insights, potentially leading to the development of liquid biopsy tests for future patient screening and therapy monitoring. The biomarkers will be tested in two key clinical trials: NCT05401110: A Phase 1 trial targeting patients with EGFR-driven lung cancer who have developed resistance to osimertinib. Pre-treatment biopsies will undergo somatic gene expression profiling using the SolidTumorCheck+ platform to identify biomarkers that can predict a favorable response to ENV105. NCT05534646: A phase 2 trial for patients with castrate-resistant prostate cancer who have shown resistance to multiple androgen receptor signaling inhibitors. Here, the focus will be on the somatic profiling of circulating tumor cells and tumor biopsies to confirm previously identified biomarkers and identify any new ones tied to ENV105's efficacy. Both trials aim to integrate biomarker analysis into treatment plans, ensuring that patients most likely to benefit from ENV105 are accurately identified.
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DELL | Hot Stocks16:29 EDT Dell Technologies exec sells $5.0M in common stock - In a regulatory filing, Dell Technologies disclosed that its Global Sales President, William Scannell sold 42.6K shares of common stock on September 20th in a total transaction size of $5.0M.
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PRGS | Hot Stocks16:22 EDT Progress Software reports Q3 EPS $1.26, consensus $1.13 - Reports Q3 revenue $178.69M, consensus $175.94M. Yogesh Gupta, CEO of Progress said: "This is a very exciting time for Progress. Our Q3 results were ahead of our guidance, and I am extremely pleased with our execution during the quarter. What's more exciting is our proposed acquisition of ShareFile, which we announced two weeks ago. We expect the deal to close before the end of our fiscal year, and we are eager to begin the work of integrating ShareFile's people and products into the Progress team."
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KBH | Hot Stocks16:21 EDT KB Home falls 6% to $82.00 after Q3 results, updated guidance
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AHR | Hot Stocks16:18 EDT American Healthcare acquires remaining 24% membership interest in Trilogy - American Healthcare REIT has now exercised its purchase option to acquire the remaining 24% minority membership interest in Trilogy REIT Holdings, that had been held by the Company's joint venture partner, an affiliate of NorthStar Healthcare Income. Upon the closing of the acquisition, the Company became the sole owner of Trilogy Holdings and the Company's Integrated Senior Health Campuses, or ISHC. Details of the transactions are as follows: On September 20, the Company acquired the 24% minority membership interest for a total all-cash purchase price of approximately $258M, which includes the pre-negotiated "base" purchase price of $247M and the approximate $11M pro-rata distribution owed to the Company's joint venture partner through the closing date of the acquisition. The Company funded the acquisition using net proceeds from its equity offering that also closed on September 20, and the Company used the remaining net proceeds from the equity offering to repay approximately $194.0M of debt outstanding on its lines of credit. Based on the Company's results for the three months ended June 30, and assuming the Company had closed the acquisition as of the first day of such period, the Company's ISHC segment would have comprised approximately 55.3% of the Company's total portfolio cash net operating income for such period. "We are excited to have completed the acquisition of our joint venture partner's 24% minority membership interest in Trilogy Holdings in an accretive and leverage neutral manner. Additionally, we paid down existing outstanding indebtedness on our lines of credit with the remaining net proceeds from our recent common stock offering, which we believe will result in further accretion and borrowing capacity," said Danny Prosky, American Healthcare REIT's President and CEO.
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POWW | Hot Stocks16:18 EDT AMMO CFO Rob Wiley resigns amid internal investigation over financial reporting - AMMO announced that Paul Kasowski, who has served as the company's chief compliance and transformation officer, has been appointed by AMMO's board of directors as the company's new CFO, effective immediately. Kasowski succeeds Rob Wiley, who resigned on September 19 at the request of the board. After due consideration, the company's board determined that Kasowski possesses the requisite experience and qualifications to serve as CFO. As disclosed in a Form 8-K filed with the SEC, a special sub-committee of the nominations and corporate governance committee of the board has retained a law firm to conduct an independent investigation into the company's internal control over financial reporting for the fiscal years 2020 through 2023. The independent investigation is in its early stages and is focused on fiscal years 2020 through 2023.
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PRI | Hot Stocks16:17 EDT Primerica names Robert Peterman Jr. as successor to COO - Primerica announced the appointment of Robert H. Peterman Jr. to the role of Executive Vice President and Chief Operating Officer, reporting to the company's Chief Executive Officer, Glenn Williams, beginning on October 1, 2024. Gregory C. Pitts, the Company's current Executive Vice President and Chief Operating Officer, informed the Company of his intention to retire after forty years of service on or about April 1, 2025, and he will relinquish the Chief Operating Officer title effective October 1, 2024. "For over four decades, Greg Pitts has provided high-impact leadership to Primerica. No task has been too difficult, and no responsibility has been too large for him to engage and lead. Greg is a role model to others and one of his greatest accomplishments has been developing a team of leaders who will continue his standard of excellence years into the future," said Glenn Williams, Primerica CEO.
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PRZO | Hot Stocks16:16 EDT ParaZero gets $187K purchase order from US-based AAM company - ParaZero Technologies announced that it has received a $187,000 purchase order from a U.S.-based Advanced Air Mobility AAM company in the aerial vehicle industry. This order follows the successful completion of the advanced drone safety system customization project that the Company previously announced and marks another milestone for ParaZero in the growing air mobility sector...The order follows a customization project that focused on integrating an innovative safety solution into the customer's manned aircrafts, which is designed for personal, private, military and logistical applications.The manned aircraft represents a significant leap in next-generation air mobility, offering a versatile platform that combines vertical takeoff and landing VTO capabilities with the efficiency of horizontal flight. It is engineered to meet a wide range of operational needs, from recreational use to complex missions in challenging environments.
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KBH | Hot Stocks16:15 EDT KB Home raises FY24 housing revenue to $6.85B-$6.95B from $6.7B-$6.9B - Affirms FY24 average selling price midpoint of about $490K. Narrows FY24 Homebuilding operating income as a percentage of revenues outlook to 11.1%-11.2% frp, 11.0% to 11.4%.
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TRIB | Hot Stocks16:14 EDT Trinity Biotech acquires Metabolomics Diagnostics for $1.3M in shares, cash - Trinity Biotech announced that it has acquired privately held Metabolomics Diagnostics, an Irish deep-tech company, specialized in the development of novel biomarker-based diagnostic solutions for complex diseases. The deal values Metabolomics Diagnostics with an enterprise value of approximately $1.3M with the consideration consisting of just over 270,000 Trinity Biotech plc's ADS with the balance of consideration being in cash and the assumption of liabilities. This acquisition provides Trinity Biotech with a strategically important deep-tech platform of mass spectrometry combined with machine learning powered bioinformatics. Trinity Biotech will initially leverage its New York State-based Immco reference laboratory to rapidly commercialise the PrePsia test in the U.S. market, while examining the launch of this test in international markets. This technology platform represents another long-term growth driver alongside Trinity Biotech's continuous glucose monitoring, or CGM, technology. The Company intends to manufacture the PrePsia test reagents in-house and commercialize the test in its New York State Department of Health-certified Immco diagnostic reference laboratory, with first revenues from preeclampsia testing expected in 2025. Given the late stage of development of PrePsia, and significant synergies with Trinity Biotech's existing capabilities and infrastructure, the additional investment for commercialization in 2025 is expected to be limited. Robin Tuytten will join the Trinity Biotech management team and continue to serve as director of Metabolomic Diagnostics.
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PINE | Hot Stocks16:13 EDT Alpine Income Property says Q3 total investment activity $55.3M at 9.2% yield - Alpine Income Property Trust announced updated third quarter and year-to-date 2024 investment and disposition activities. In September 2024, the Company purchased and amended a first mortgage construction loan secured by a Publix-anchored shopping center and three outparcels located in Charlotte, NC. The current loan commitment is for $17.8M, of which $10M was funded at closing at an initial interest rate of 10.25%. The rate of the loan increases by 0.25% every 30 days to a maximum rate of 11.00%. However, upon certain leasing criteria being met, the rate will be lowered to 9.50%.The Company's third quarter total investment activity, including acquisitions and structured investments activity, now totals $55.3M at a weighted average initial investment yield of 9.2%.The Company's year-to-date total investment activity, including acquisitions and structured investment activity, now totals $84.2M at a weighted average initial investment yield of 9.4%. Since the last announced update, the Company sold an additional five net leased retail properties, leased to Hobby Lobby, Long John Silvers, Chick-fil-A, Tractor Supply and LA Fitness, for a total disposition volume of $28.5 million."We are pleased at our ability to continue investing into better located, higher yielding and higher quality properties utilizing the proceeds from lower yielding dispositions" said John P. Albright, President and Chief Executive Officer of Alpine Income Property Trust. "Our accretive recycling efforts will provide further growth in our earnings and portfolio diversification."
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KBH | Hot Stocks16:13 EDT KB Home reports Q3 homes delivered 3,631, up 8% from last year - Q3 average selling price rose 3% to $480,900. Excluding the above-mentioned inventory-related charges, Q3 housing gross profit margin was 20.7%, compared to 21.5% alast year. Net orders for the quarter were "essentially the same" at 3,085.
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JFBR | Hot Stocks16:09 EDT Jeffs' Brands: Fort's growth accelerates in Europe following launch of sales - Jeffs' Brands announced the successful growth of its subsidiary Fort Product across Europe following its recent launch of commercialization of its products in multiple territories. Fort's strong performance and positive reviews in the UK have proven instrumental in driving demand for Fort's pest control solutions in additional European markets. "We are thrilled to see the strong momentum behind Fort's sales growth in Europe," said Viki Hakmon, Jeffs' Brands' CEO. "Our data-driven approach has allowed us to identify key market opportunities, and we believe that Fort's superior product quality and expanding reach will continue to unlock new avenues for growth across the region." This increase in sale volumes aligns with Jeffs' Brands' strategy of expanding Fort's product offerings and footprint in Europe through Amazon's advanced marketplace tools and customer insights. The Company remains focused on further geographical expansion and is committed to increasing Fort's market share across additional European countries.
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LWLG | Hot Stocks16:09 EDT Lightwave Logic announces collaboration with Polariton Technologies - Lightwave Logic announced a collaboration with Polariton Technologies to demonstrate a packaged device with over 110 GHz super high bandwidth packaged electro-optic polymer modulators using Polariton's plasmonic modulator device design that contains Lightwave's proprietary PerkanamineTM chromophores at the European Conference on Optical Communications (ECOC) being held in Frankfurt, Germany from September 22-26. The device will be available for viewing at Polariton's booth #F47. The packaged device contains a plasmonic modulator using electro-optic polymer material and platform chips have demonstrated 400 Gbps, which is the current specification that datacenters are looking for in optical transceiver modules.
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LWAY DANOY | Hot Stocks16:07 EDT Lifeway Foods confirms $25.00 per share buyout proposal from Danone - Lifeway Foods (LWAY) confirmed that it has received an unsolicited, non-binding proposal from Danone North America PBC (DANOY) to acquire all outstanding shares of common stock of Lifeway it does not already own for $25.00 per share in cash. According to the Schedule 13D amendment filed yesterday with the U.S. Securities and Exchange Commission disclosing the proposal, Danone beneficially owns approximately 23.4% of Lifeway's outstanding common stock. Consistent with its fiduciary duties, Lifeway's board of directors, in consultation with its independent outside advisors, will carefully review and evaluate the proposal to determine the course of action that it believes is in the best interests of the Company and its stakeholders.
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BILL | Hot Stocks16:05 EDT Bill names Bobbie Grafeld chief people officer - Bill announced that Bobbie Grafeld has joined as Chief People Officer. As a member of the executive leadership team, Grafeld will oversee the People Team at BILL reporting directly to CEO and Founder, Rene Lacerte. "The market opportunity for BILL is massive and Bobbie brings valuable organizational development and people leadership experience to help us continue to maximize our momentum," said Rene Lacerte, CEO and Founder of BILL. "She is an innovative business leader, with an impressive track record of leading employee engagement strategies, fostering top talent, and helping to drive business scale and success."
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AMGN | Hot Stocks16:03 EDT Amgen announces approval of TEPEZZA to treat CAS or TED in Japan - Amgen announced TEPEZZA has been approved for the treatment of active or high clinical activity score, or CAS, Thyroid Eye Disease, or TED, by Japan's Ministry of Health, Labour and Welfare, or MHLW. TED is a serious, progressive and potentially vision-threatening rare autoimmune disease that can cause proptosis, or eye bulging, diplopia, or double vision, eye pain, redness and swelling. There are approximately 25,000 - 35,000 people living with TED in Japan, inclusive of both active and chronic TED. TEPEZZA is now the first and only medicine approved in Japan to treat active TED. A separate trial to study the efficacy of TEPEZZA in chronic TED patients in Japan is currently ongoing. TEPEZZA received orphan drug designation in Japan, which provided a nine-month regulatory review period compared to the standard 12-month review. The approval was based on the positive results of OPTIC-J, a Phase 3 randomized, double-masked, placebo-controlled, parallel-group, multicenter study evaluating the efficacy, tolerability and safety of TEPEZZA in the treatment of patients with active TED in Japan. The primary endpoint in the trial was met, as 89% of patients treated with TEPEZZA had a clinically meaningful improvement in proptosis compared with placebo at week 24.
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VRT | Hot Stocks15:40 EDT Vertiv announces 'major expansion' of North American manufacturing operations - Vertiv announced a "major expansion" of its North American manufacturing operations with a new facility in Pelzer, South Carolina. "The Vertiv Pelzer facility adds 215,000 square feet of manufacturing space and is projected to create up to 300 additional skilled job opportunities at this location. The Vertiv Pelzer facility will produce a variety of infrastructure solutions, including integrated modular solutions, modular power systems, and other integrated systems leveraging Vertiv's portfolio of power, cooling, and IT infrastructure technologies for data centers. These prefabricated and pre-engineered solutions are fully factory pre-tested as a system, significantly reducing site labor requirements and overall data center time to market. Vertiv integrated modular solutions also provide a path for customers to confidently expand their operations in the future... Vertiv has increased capacity of its infrastructure solutions, switchgear and busbar businesses through increased utilization and footprint expansion in the United States, Mexico, Slovakia, United Arab Emirates, Ireland, and Northern Ireland," the company stated.
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ICL | Hot Stocks15:18 EDT ICL openes food specialty plant in China, for novel foods and palates - ICL announced it has opened a new food specialty plant in China, which was designed to help customers easily partner with ICL to create novel and innovative food offerings tailored to Chinese consumers' palates. The facility will manufacture specialty food solutions in the meat, poultry and seafood segments, such as texturants and marinades, among other offerings, and was built in the thriving Zhangjiagang Free Trade Zone, which is located in the heart of the Greater Shanghai area...."We were delighted to join ICL Group at the opening of their new food specialty plant and look forward to continuing to partner with them - a relationship that began more than 20 years ago - as they further expand in China," said San Ping Zhang, SVP at Yurun Group, one of the largest meat producers in China. "Their experience in the premium food ingredients market makes them the obvious choice, as we look to further strengthen the market position and image of our brands as healthy, high-quality, delicious and high-end."
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JLL | Hot Stocks15:11 EDT JLL plans to strengthen its building operations and digital leasing capabilities - JLL announced it will bring together all building operation groups to address client needs and the changing dynamics of the real estate industry. "In addition to the benefits of operating and reporting similar service offerings together, we expect greater synergy and better client value by aligning real estate management activities globally," said Christian Ulbrich, President and Chief Executive Officer of JLL. "This is a prime example of our ongoing commitment to adapt to best serve our clients' evolving needs." Additionally, JLL plans to accelerate the build-out of its digital leasing platform. "We're continuing to invest in our industry-leading platform and technology to support our clients at every stage of the leasing lifecycle, from transaction and lease management to workplace and portfolio analytics," commented Ulbrich. As a result of these changes, effective January 1 JLL will report the Property Management business under Neil Murray, CEO of Work Dynamics. Going forward, the Markets Advisory segment will become Leasing Advisory. The composition of JLL's Global Executive Board is unchanged. JLL is committed to a smooth transition process for its clients, employees and partners.
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NNE | Hot Stocks15:00 EDT Nano Nuclear Energy awarded Department of Energy GAIN Nuclear Energy voucher - The Gateway for Accelerated Innovation in Nuclear, or GAIN, announced that four companies will be provided a GAIN Nuclear Energy Voucher to accelerate the innovation and application of advanced nuclear technologies. NE vouchers provide advanced nuclear technology innovators with access to the extensive nuclear research capabilities and expertise available across the U.S. Department of Energy national laboratory complex. This is the fourth award for FY 2024. The businesses selected to receive a GAIN nuclear energy voucher for Round 4 FY 2024 include Nano Nuclear Energy with the awarded proposal "Independent Assessment of a Novel Heat Exchanger Concept for Open-Air Brayton Cycle. Idaho National Laboratory is the partner facility. Advanced Nuclear Advisors, Antares Nuclear, and Sigma-Aldrich Inc. DBA MilliporeSigma are the other recipients of NE vouchers. Reference Link
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CWBHF | Hot Stocks14:42 EDT Charlotte's Web responds to new regulatory developments in California - Charlotte's Web says it stands in firm opposition to the new regulations in California that restrict the sale of many ingestible full-spectrum hemp CBD products that meet federal requirements. The company further adds that it will continue working directly with the Governor and state legislators to push for changes or new legislation to preserve consumer access to non-intoxicating hemp-derived products in California. Charlotte's Web is actively collaborating with industry group, One Hemp, and consumer advocacy group, Coalition for Access Now, to support access to hemp-derived wellness products in California. "While we fully support efforts to regulate synthetic and intoxicating products, we strongly oppose the inclusion of non-intoxicating, natural CBD products within this regulatory framework," said Bill Morachnick, Chief Executive Officer of Charlotte's Web. "We believe these regulations are overreaching and unnecessarily restrict access to safe, non-intoxicating hemp products by lumping them in with an entirely different class of products. Other states like Colorado and Virginia have set shining examples of how to clean up the market while safeguarding products that consumers depend upon for their health and wellness." The new regulations will directly impact the sale of many of Charlotte's Web's ingestible full-spectrum and broad-spectrum hemp extract CBD products in California. The impact is limited to California and is not anticipated to materially affect the company's overall 2024 sales and revenue. Charlotte's Web is evaluating the longer-term implications, alternatives and actions for California.
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V | Hot Stocks14:32 EDT DOJ files antitrust suit against Visa over debit network practices - In a filing made in the U.S. Southern District Court of New York, the Department of Justice Antitrust Division alleged Visa has "monopolized debit transactions; penalized industry participants that seek to use alternative debit networks; and coopted innovators, technology companies, and financial institutions to forestall or snuff out threats to Visa's debit network dominance." In the lawsuit, the DOJ requests that the Court adjudge and decree that Visa has acted unlawfully to monopolize, or, in the alternative, attempt to monopolize, the market for general purpose card-not-present debit network services in the United States as well as the market for general purpose debit network services in the United States and "enter such relief as needed to cure the anticompetitive harm from all of Visa's unlawful actions" as well as enjoin Visa from "continuing to engage in the anticompetitive practices described herein and from engaging in any other practices with the same purpose or effect as the challenged practices." Reference Link
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TXT | Hot Stocks14:29 EDT Textron says machinists, aerospace workers called strike against Aviation - On September 21, the International Association of Machinists and Aerospace Workers District 70, Local Lodge 774 called a strike against Textron Aviation, voting to reject the four-year contract proposed by the company, Textron disclosed in a regulatory filing. The existing contract, which impacts approximately 5,000 of the approximately 10,000 employees at Textron Aviation's Wichita facilities, which include manufacturing, parts and distribution and service center facilities, expired on Sunday, September 22. "Currently, we do not have an estimate of when employees affected by the strike will resume activities or the timing for completion of negotiations with the IAM. While Textron Aviation has implemented its continuity of operations plans to help mitigate the impact of the strike, over time, the strike has the potential to have an adverse impact on the company's ability to meet its production and delivery schedules and, therefore could have an adverse effect on Textron Inc.'s financial results," the company added.
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MSFT | Hot Stocks14:21 EDT Microsoft expands Global Engineering Development Ccenter footprint to UAE - Microsoft announced it is expanding its Global Engineering Development Center footprint to the UAE. A new development center, which will be established in Abu Dhabi, is Microsoft's first engineering center to be launched in the Arab world, joining the company's global portfolio of development centers across key strategic locations around the world. Microsoft's Engineering Development Center in Abu Dhabi will be part of a global ecosystem of centers dedicated to the creation of AI innovations, cloud technologies and advanced cybersecurity solutions. The engineering teams at the center will create cutting-edge solutions that will be part of Microsoft solutions globally. Satya Nadella, Chairman and CEO, Microsoft, said, "We are committed to ensuring transformative technologies, like AI, benefit everyone broadly and create local opportunity. Our Engineering Development Center in Abu Dhabi will bring new talent to the region and help power innovation that will drive economic growth and job creation for both the UAE and the world."
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MSFT | Hot Stocks14:20 EDT Microsoft to invest $1.3B in Mexico to enhance AI infrastructure - During his keynote at the Microsoft AI Tour 2024 in Mexico City, Chairman and CEO Satya Nadella announced that Microsoft Corporation is reaffirming its commitment to the country. He revealed a new investment of $1.3B over the next three years to enhance AI infrastructure and initiatives aimed at promoting digital and AI skills. This includes the Artificial Intelligence National Skills program, which aims to democratize access to AI skills and reach 5M people. The investment will also work on improving connectivity and encouraging AI adoption by small and medium-sized businesses to accelerate their digital transformation and business operations within the country. "We are entering a new era of AI with the promise to create inclusive economic growth and opportunity across every role, industry, and country, including in Mexico," said Satya Nadella, Chairman and CEO, Microsoft. "Our investments in AI infrastructure and skilling in Mexico will help ensure people and organizations across the country realize the benefits of this technology shift." Reference Link
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INVH | Hot Stocks14:06 EDT Invitation Homes confirms $48M settlement with FTC - Invitation Homes confirmed that it reached agreement with the Federal Trade Commission resolving the FTC's civil investigation into certain company business practices. As part of the resolution, Invitation Homes will pay the FTC $48M in monetary relief, with no civil penalties. The agreement contains no admission of wrongdoing by Invitation Homes. "Invitation Homes believes that its disclosures and practices are industry leading, both among its professional peers as well as the millions of smaller owners of single-family homes for lease. Today's agreement brings the FTC's three-year investigation to a close and puts this matter behind the Company, which will, as always, move forward with its continuous efforts to better serve its customers and enhance its practices. Invitation Homes remains committed to providing a high-quality living experience for individuals and families who want flexibility and choice in housing and to transparency with all stakeholders," the company said in a statement.
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F... | Hot Stocks13:26 EDT Trump vows '100% tariff on every single car coming across Mexican border' - While speaking during a campaign stop in Savannah, Georgia, former president and Republican presidential nominee Donald Trump stated: "We will put a 100% tariff on every single car coming across the Mexican border." Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Reference Link
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PCG | Hot Stocks13:17 EDT PG&E awarded $34.5M in federal grants for 19 hydroelectric projects - PG&E has been awarded $34.5M in grant awards from the U.S. Department of Energy Grid Deployment Office to support 19 hydroelectric projects across its system. The grant awards are part of the DOE's Maintaining and Enhancing Hydroelectricity Incentive program, and will fund work that provides grid resiliency, improves dam safety, and reduces environmental impacts associated with ongoing operations.
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WGO | Hot Stocks13:02 EDT Winnebago says Hunterbrook 'worked with purpose of manipulating share price' - Winnebago, in a statement to The Fly, said the report published on Monday by Hunterbrook Media is "full of baseless claims and misleading assumptions." "We are aware of the so-called article from Hunterbrook Media, a publication with a wholly economic agenda. Hunterbrook Media is the research arm of a New York-based hedge fund, Hunterbrook Capital, a known short-seller, masquerading as a news outlet. They worked with the purpose of manipulating the share price of Winnebago Industries and capitalizing on that manipulation. Their story is full of baseless claims and misleading assumptions. Winnebago Industries' priority is to take care of our customers, and we stand behind every product we build. To reinforce that commitment, earlier this year, our Grand Design business extended the frame warranty on all of its products, both new and pre-owned, to 5 years - an industry first and best action. In addition, Grand Design made both its 3- and 5-year warranties fully transferable to subsequent owners. We are guided by our values: Do the right thing, put people first, and be the best. Grand Design and Winnebago Industries have been transparent in communication of the frame flex issue and are in compliance with all consumer protection laws. We have communicated regularly and fully with stakeholders about the frame flex issue," the company said.
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LUV | Hot Stocks12:38 EDT Elliott intends to call Southwest special meeting in coming weeks - Elliott Investment Management, which manages funds that together have an investment representing an approximately 11% economic interest in Southwest Airlines, sent a second open letter to the company's shareholders. In the letter, Elliott Partner John Pike and Portfolio Manager Bobby Xu "wrote that although Elliott's goal has been to collaborate with Southwest to restore accountability and best-in-class financial performance, Southwest has chosen a go-it-alone path, featuring a chaotic series of defensive actions, with the goal of obstructing a leadership change that is urgently needed. The letter made clear that Elliott intends to formally call a special meeting in the coming weeks - possibly as soon as next week. The letter also alerted shareholders to certain defensive actions that Southwest's leaders are taking and urged them to take action to ensure they would be able to vote their shares."
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CTVA | Hot Stocks12:33 EDT Corteva says top end of FY24 EBITDA guidance 'probably off the table' - The company said that the top end of the company's FY24 EBITDA guidance is "probably off the table," but believes it is still within the range. Comments taken from BMO Ag-Apalooza.
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ORN | Hot Stocks12:00 EDT Orion Group falls -8.4% - Orion Group is down -8.4%, or -51c to $5.51.
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HE | Hot Stocks12:00 EDT Hawaiian Electric falls -9.2% - Hawaiian Electric is down -9.2%, or -$1.00 to $9.89.
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MPLN | Hot Stocks12:00 EDT MultiPlan falls -24.2% - MultiPlan is down -24.2%, or -$2.17 to $6.78.
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TME | Hot Stocks12:00 EDT Tencent Music rises 15.2% - Tencent Music is up 15.2%, or $1.54 to $11.72.
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HKD | Hot Stocks12:00 EDT AMTD Digital rises 17.1% - AMTD Digital is up 17.1%, or 50c to $3.42.
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FEDU | Hot Stocks12:00 EDT Four Seasons Education rises 17.3% - Four Seasons Education is up 17.3%, or $1.73 to $11.74.
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PFE BNTX | Hot Stocks11:50 EDT Pfizer, BioNTech updated COVID vaccine authorized in Canada - Pfizer Canada (PFE) and BioNTech (BNTX) announced that Health Canada has authorized the KP.2 variant adapted Comirnaty COVID-19 vaccine for ages six months and older. The updated Comirnaty vaccine targets the Omicron KP.2 variant, one of the most recently circulating SARS-CoV-2 lineages, the company said in a statement. The adapted COVID-19 vaccine will be available in Canada as a single dose for individuals five years of age and older, regardless of prior COVID-19 vaccination history. For children six months through four years of age, Comirnaty is authorized for administration as a three-dose series in those without a history of completion of a COVID-19 primary vaccination course, or as a single dose for those with a history of completion of a COVID-19 primary vaccination course.
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INVH | Hot Stocks11:45 EDT FTC announces $48M proposed settlement with Invitation Homes - The Federal Trade Commission is taking action against Invitation Homes, which it identifies as "the country's largest landlord of single-family homes," for "an array of unlawful actions against consumers, including deceiving renters about lease costs, charging undisclosed junk fees, failing to inspect homes before residents moved in, and unfairly withholding tenants' security deposits when they moved out." Invitation Homes has agreed to a proposed settlement order that would require the company to turn over $48M to be used to refund consumers harmed by its actions. The corporate landlord will also be required to clearly disclose its leasing prices, establish policies and procedures to handle security deposit refunds fairly, and stop other unlawful behavior, the FTC said. Reference Link
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RELL | Hot Stocks11:02 EDT Richardson Electronics enters global distribution agreement with Quantic MWD - Richardson Electronics announced a global distribution agreement with Quantic MWD. This new technology partnership network will enhance the accessibility of Quantic MWD's products to a broad range of customers. Quantic's solutions maximize stability and minimize noise under extreme environmental conditions, whether in space, defense, or industrial applications.
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CSLR SPWR | Hot Stocks10:51 EDT Complete Solaria says court approves purchase of SunPower assets - Complete Solar Holdings announced that the United States Bankruptcy Court for the District of Delaware has approved the going concern sale of substantially all assets of the Blue Raven, New Homes and Dealer businesses of SunPower Corporation and certain of its affiliates to Complete Solar for $45 million in cash. The sale is expected to close on or before Monday, September 30, 2024, at which time SunPower businesses, the SunPower brand, and about 1,000 employees will become part of Complete Solar, the temporary name of SunPower during this transition.
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EH | Hot Stocks10:50 EDT EHang announces EH216-S eVTOL completes first flight in Brazil - EHang Holdings announced a major milestone with the completion of the first flight of its EH216-S pilotless eVTOL in Brazil. EHang's first trial flight in Brazil took place in Quadra, located in the Sao Paulo region, in partnership with its local operator, Gohobby Future Technologies. This achievement holds significant importance for the future development of UAM solutions in Brazil, a country known as the birthplace of Latin American aviation, home of one of the world's leading aeronautical industries, and one of the world's largest eVTOL markets. As for now, EHang and its local partners have carried out over 50,000 safe flights in 17 countries across Asia, Europe, North America, and Latin America.
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HUM | Hot Stocks10:02 EDT Humana, Interwell Health add Florida to kidney care program - Humana and Interwell Health have expanded their value-based care agreement to include Florida for eligible Humana Medicare Advantage members living with chronic kidney disease and end-stage kidney disease. Interwell's value-based support services are now available in 14 states for eligible members with CKD, and in 39 states for eligible members living with ESKD.
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BAESY | Hot Stocks10:01 EDT BAE Systems awarded $19M contract from U.S. Navy - BAE Systems has received a $19M contract from the U.S. Navy to design and implement UPX-24 target data processor capabilities into a single digital interrogator Identification Friend or Foe solution. The upgraded IFF digital interrogator will optimize data collection and processing to provide time-critical insights and enhance decision making for the maritime fleet. Work on the advanced IFF digital interrogator target data processor solution will be performed at BAE Systems' state-of-the-art facility in Greenlawn, New York.
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MNSO | Hot Stocks10:00 EDT Miniso falls -5.6% - Miniso is down -5.6%, or -77c to $12.95.
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ORN | Hot Stocks10:00 EDT Orion Group falls -6.1% - Orion Group is down -6.1%, or -37c to $5.65.
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HE | Hot Stocks10:00 EDT Hawaiian Electric falls -9.9% - Hawaiian Electric is down -9.9%, or -$1.07 to $9.82.
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SMR | Hot Stocks10:00 EDT Nuscale Power rises 8.8% - Nuscale Power is up 8.8%, or 96c to $11.85.
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HCC | Hot Stocks10:00 EDT Warrior Met Coal rises 9.3% - Warrior Met Coal is up 9.3%, or $5.17 to $60.77.
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TME | Hot Stocks10:00 EDT Tencent Music rises 12.3% - Tencent Music is up 12.3%, or $1.25 to $11.43.
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ZK | Hot Stocks09:48 EDT Zeekr rises 10.9% - Zeekr is up 10.9%, or $1.80 to $18.28.
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YMM | Hot Stocks09:48 EDT Full Truck Alliance rises 11.0% - Full Truck Alliance is up 11.0%, or 84c to $8.48.
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TME | Hot Stocks09:48 EDT Tencent Music rises 11.3% - Tencent Music is up 11.3%, or $1.15 to $11.33.
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TGI | Hot Stocks09:47 EDT Triumph Group falls -4.4% - Triumph Group is down -4.4%, or -60c to $12.95.
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ORN | Hot Stocks09:47 EDT Orion Group falls -4.7% - Orion Group is down -4.7%, or -28c to $5.74.
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HE | Hot Stocks09:47 EDT Hawaiian Electric falls -12.2% - Hawaiian Electric is down -12.2%, or -$1.32 to $9.57.
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VIVK | Hot Stocks09:36 EDT Vivakor board approves closing of $120M acquisition of Endeavor Entities - Vivakor announced that its Board of Directors approved the closing of its planned acquisition of Endeavor Crude, Meridian Equipment Leasing, Equipment Transport, and Silver Fuels Processing, and their subsidiaries as previously announced. The closing will be effective on October 1, 2024. The Endeavor Entities comprise a fully-integrated, flexible and scalable midstream logistics business that transports, stores, treats, remediates, and sells crude oil, produced water, and associated hydrocarbons. They own and operate one of the largest combined oilfield trucking fleets in the continental United States transporting crude oil, petroleum products, and produced water, which is fully integrated with a network of station, terminal, and pipeline facilities for blending, processing, reuse and remediation. In addition, the Endeavor Entities have a series of long-term strategic partnerships with customers in the Permian Basin, Eagle Ford Basin, and STACK play of Oklahoma. For the six months ended June 30, 2024, the Endeavor Entities realized revenues of $47.3 million and $9.3 million of earnings before interest, taxes, depreciation, and amortization, yielding an annualized projection of $94.6 million in revenue and $18.6 million of EBITDA for the Endeavor Entities. The purchase price for the Endeavor Entities is $120 million, subject to standard post-closing adjustments, including assumed debt, and an earn-out adjustment, payable by the Company in a combination of Company common stock and Series A Convertible Preferred Stock.
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VZ | Hot Stocks09:33 EDT Verizon Business announces contract with South Carolina Army National Guard - Verizon Business today announced a new contract with the South Carolina Army National Guard, becoming the primary wireless communications provider of the state-based military components. The deal encompasses connectivity for more than 1,000 devices ranging from 5G Ultra Wideband and 4G LTE smartphones to data devices like jet packs. The communications capabilities provided by these devices will play a key factor in the SCARNG's ability to achieve its mission across the state of South Carolina. The SCARNG will also have access to the Verizon Frontline Crisis Response Team, a specialized group composed primarily of former first responders and military personnel, dedicated to supporting public safety and government agencies during emergencies at no cost to the supported agencies.
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SIGA | Hot Stocks09:27 EDT Siga Technologies terminates CMO Jay Varma - In a Monday regulatory filing, SIGA said, "On September 23, 2024, the Board of Directors of SIGA Technologies terminated Dr. Jay Varma, effective immediately, other than for cause, from his position as Executive Vice President and Chief Medical Officer of the Company. Pursuant to the terms of his employment agreement, Dr. Varma's service on the Company's Board of Directors also automatically ended effective immediately."
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CHSYF | Hot Stocks09:25 EDT China Medical System announces NDA acceptance for ruxolitinib cream in China - China Medical System announced that on September 24, 2024, the New Drug Application for vitiligo indication of ruxolitinib phosphate cream has been accepted by the National Medical Products Administration of China. This is another substantial milestone for ruxolitinib cream in China, following the approval for Urgent Clinical Import by Hainan Medical Products Administration and approval for marketing in Macau for vitiligo, and it is also a key step in benefiting over ten million of patients with vitiligo in China. Ruxolitinib cream achieved positive results in Chinese Real-World Study. The primary efficacy endpoint was the proportion of patients in the treatment group who achieved F-VASI 75 response at week 24, which was 49.5%, significantly higher than the target value of 14.1%. The study met its primary endpoint, demonstrating that ruxolitinib cream is effective in treating patients with nonsegmental vitiligo, reducing the area of the lesions, and repigmenting the skin. All secondary efficacy endpoints showed a trend of benefit consistent with the primary efficacy endpoint, and the treatment effect for vitiligo continued to improve with longer treatment duration. Adverse events mostly had severity levels of grade 1 or 2. No adverse event leading to discontinuation or withdrawal, and no serious adverse event related to the study drug occurred. While advancing the process of NDA for the Product, the Group is conducting the transfer of ruxolitinib cream from overseas production to domestic production, which is being orderly promoted by the Contract Development Manufacturing Outsourcing Organization, and the lab-scale and pilot trial studies have been completed and under scale-up production. The Group strives to complete the localization study as soon as possible, register in Mainland China and obtain marketing approval, so as to enable the Chinese patients with vitiligo to use the innovative product.
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BRZE | Hot Stocks09:21 EDT Braze teams with BET+ for Tech for an Equitable Future grant program - Braze is opening applications for the fifth cohort of its Tech for an Equitable Future product grant program and announcing its first-ever partnership for the program with BET+, a premium streaming entertainment service. Applications are being accepted for the Tech for an Equitable Future product grant program now through Jan. 17. The Tech for an Equitable Future program offers 20 companies with underrepresented founders, including Black and women entrepreneurs, with 12 months of free access to Braze technology and supporting resources that enable business growth and scalability. As a specialty streamer with thousands of weekly subscriber touchpoints on TV and film content, BET+'s subscriber acquisition and retention efforts are a best-in-class model for small and early-stage businesses to establish more robust customer engagement strategies. ..."We are thrilled to expand our relationship with Braze through its Tech for an Equitable Future program - which mirrors our brand values around community impact and empowerment," said Jason Harvey, EVP and General Manager of BET+. "We are embarking on our fifth anniversary as a streaming platform and for nearly all that time, Braze has been a valued partner.
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HSON | Hot Stocks09:20 EDT Hudson comments on EPA's issuance of final refrigerant management rule - Hudson Technologies commented on the Final Rule under Section (H) of the American Innovation and Manufacturing Act, which establishes the Emissions Reduction and Reclamation Program.The final rule, under subsection (h), "Management of Regulated Substances" establishes an Emissions Reduction and Reclamation Program to reduce emissions of climate-damaging HFCs from air conditioner and refrigeration systems and maximizes the amount of HFCs that can be reclaimed. The EPA has been authorized by the AIM Act to address hydrofluorocarbons in three main ways: 1) phasing down their production and consumption; 2) promulgating certain regulations for purposes of maximizing reclamation and minimizing releases of HFCs from equipment and ensuring the safety of technicians and consumers; and 3) facilitating the transition to next-generation technologies through sector-based restrictions. Among its provisions, the final rule requires: Leak repair for certain appliances, Use of automatic leak detection systems for certain new and existing appliances; A standard for reclaimed HFC refrigerants; Servicing and/or repair of certain refrigerant-containing equipment with reclaimed HFCs; Initial installation and servicing and/or repair of fire suppression equipment with recycled HFCs; Recovery of HFCs from disposable cylinders prior to disposal; and Recordkeeping, reporting, and labeling. Brian F. Coleman, CEO of Hudson commented, "With this final rule, the EPA has finalized the third important pillar from the AIM Act, the primary focus of which was to reduce leak rates and promote the growth in reclamation. We are pleased that the EPA now provides a standardized definition of what constitutes the designation of reclaimed refrigerants and has provided sector mandates for the use of reclaimed refrigerants. The EPA initiatives outlined in this rule making, combined with the findings from the RMI report we sponsored which provided scientific support for the environmental benefits of using reclaimed refrigerants versus continuing the production and use virgin refrigerant, will set the stage for both mandatory and voluntary uses of reclaimed refrigerants particularly in the servicing sectors. We appreciate the EPA's dedicated efforts in finalizing the Refrigerant Management and Reclaim rule and look forward to working with our industry partners to promote practices to adopt refrigerant emission controls that are both environmentally and economically beneficial."
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SFWL | Hot Stocks09:18 EDT Shengfeng Development secures contract renewal with BYD - Shengfeng Development announced the renewal of its logistics services contract with BYD, China-based company principally engaged in the manufacture and sales of transportation equipment, including electric vehicles, battery technologies, and renewable energy. Under the renewed Contract, Shengfeng will continue to provide critical logistics services, including the transportation of auto parts, molds, components, and fixtures for BYD's operations. The collaboration with BYD has been a major growth driver for Shengfeng's new energy sector. In FY23, BYD contributed approximately $3.6M of Shengfeng's revenue, and in the first half of FY24 alone, revenues from BYD reached approximately $3.4M. Shengfeng's new energy sector has witnessed growth with revenue increasing by 47% year-over-year in FY23. During the first half of FY24, the new energy sector generated approximately $40.2M, surpassing the total revenue generated from the new energy sector in FY23. The new energy sector now accounts for 17% of Shengfeng's total revenue.
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MXL | Hot Stocks09:18 EDT MaxLinear teams with Rochester Electronics for ongoing lifecycle support - MaxLinear has partnered with Rochester Electronics to provide ongoing lifecycle management and customer support for their SHDSL product portfolio. Rochester Electronics, is the world's largest continuous source of semiconductors, offering 100% authorized, traceable, certified, and guaranteed devices. Rochester is focused on extending the availability of obsolete lifecycle products, along with providing support for active lifecycle products. MaxLinear has been a leading company in the SHDSL market for over ten years. Their solutions have been utilized in numerous mature telecom and industrial systems, including access networks, customer premise equipment, and industrial networks. The devices offer a wide range of functions, such as: Point-to-Multipoint and SHDSL party line, etc..."
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ONFO | Hot Stocks09:17 EDT Onfolio enters agreement to acquire Eastern Standard business - Onfolio Holdings has entered into an asset purchase agreement to acquire the majority interest in the assets of Eastern Standard. The Company expects the acquisition to close October 1, 2024. The asset purchase agreement includes customary representations, warranties and covenants by the parties and the closing of the asset purchase agreement is subject to customary closing conditions. As with the previous DDS Rank acquisition, this acquisition will occur with the assistance of Onfolio's Special Purpose Vehicle "Onfolio Agency SPV LLC," and an additional SPV "Onfolio Agency SPV 2 LLC" which will acquire a minority interest in the business. Eastern Standard provides clients with digital marketing services including integrated branding, and digital customer experiences. For the fiscal year ended 12/31/2023, Eastern Standard generated approximately $4,000,000 in revenue and $630,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization. "Eastern Standard is an excellent business, with a strong leadership team and another exciting acquisition for us. Similar to Revenuezen, Eastern Standard is not alone a standalone business, but a platform for us to use for further acquisitions targeting organic and inorganic growth," commented Onfolio CEO Dominic Wells. "As we build out the agency side of our portfolio, we continue to both level up the quality of business we own, and increase our capabilities to serve clients and cross-promote services. As with DDS Rank, we will complete this acquisition without Onfolio Holdings paying any upfront cash or issuing any common shares. The purchase price is $2,160,000 for 90% ownership. Our special purpose vehicle funding program, which continues to raise capital that is not dilutive to Onfolio shareholders, is investing $500,000 in exchange for 20% of Eastern Standard. Onfolio will own 70% of Eastern Standard in exchange for $410,000 of Series A Preferred Shares and through two secured promissory notes totalling $1,250,000 in the aggregate." The Series A Preferred Shares and secured promissory notes to be issued by Onfolio will pay dividends and interest and are not convertible into Onfolio common shares.
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SBGI | Hot Stocks09:15 EDT Sinclair & The Portland Trail Blazers launch Rip City Television Network - The Portland Trail Blazers have announced a new era of Trail Blazers Broadcasting, reaching an agreement with Sinclair Broadcast Group to launch the Rip City Television Network, a network of affiliates throughout the Pacific Northwest to serve as the new television home of Trail Blazers, and the launch of a new, paid, subscription-based direct-to-consumer DTC streaming service,BlazerVision, starting with the 2024-25 season. The announcement marks the first time in Trail Blazers history that a majority of games will be available to fans via easy-to-access over-the-air television...Fans within the Trail Blazers local broadcast market will have easy access to watch all local and non-exclusive nationally televised games across Sinclair's family of local over-the-air television stations in Portland, KATU and KUNP. Games will be accessible via an over-the-air antenna or a local cable or satellite provider that carries KATU and KUNP. k.
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SMAR | Hot Stocks09:12 EDT Smartsheet trading resumes
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X | Hot Stocks09:12 EDT U.S. Steel receives ResponsibleSteel Site Certification - U.S. Steel announced it is the first steel company in the world to qualify to sell its products as ResponsibleSteel Certified Steel at its Big River facility in Osceola, Arkansas. Big River received the first ResponsibleSteel Site Certification in North America in 2022.
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MAT | Hot Stocks09:09 EDT Mattel announces Hot Wheels collaboration with Aston Martin - Mattel announced a Hot Wheels collaboration with Aston Martin to develop a new Aston Martin DB4GT "High-Speed Edition" die-cast.
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BL | Hot Stocks09:09 EDT BlackLine appoints Henshall to its board of directors - BlackLine announced the appointment of David Henshall to its Board of Directors. Henshall spent nearly 20 years in various executive roles at Citrix, most recently as President and Chief Executive Officer. During his tenure, he played a critical role in accelerating Citrix's cloud transition and enhancing the company's operational performance. Prior to his role as CEO, he served as Chief Operating Officer and Chief Financial Officer.
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NRSN | Hot Stocks09:08 EDT NeuroSense granted U.S. patent for PrimeC in ALS - NeuroSense announced the issuance of a pivotal patent by the USPTO relating to the novel formulation of PrimeC, NeuroSense's leading drug candidate for the treatment of Amyotrophic Lateral Sclerosis - ALS -. This patent is expected to extend PrimeC's patent protection by an additional four years, until 2042. The patent grant follows NeuroSense's recent clinical findings, where PrimeC demonstrated a 36% reduction in disease progression (p=0.009) and a 43% improvement in survival rates compared to placebo, underscoring its potential as a breakthrough therapy for ALS.
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CIFR | Hot Stocks09:07 EDT Cipher Mining announces the closing of acquisition of Barber Lake 300MW site - Cipher Mining announced it has completed the acquisition of the recently announced Barber Lake site in West Texas for a cash payment of $67.5 million and a variable fee of $3/MWh for the initial five years after the energization of the site. The site features 300 MW of front-of-the-meter capacity, a newly constructed, fully energized, high-to-mid voltage substation, and all necessary regulatory approvals. As part of the transaction, Cipher has acquired the 250 acres of land surrounding the substation and completed agreements necessary to participate in the ERCOT market.
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ZM | Hot Stocks09:07 EDT Zoom Video announces new advanced enterprise offerings - Zoom announced several new add-on products and functionalities to further strengthen its advanced enterprise offerings portfolio for the Zoom platform. Zoom advanced enterprise offerings consist of a comprehensive portfolio of Zoom products and features that help organizations meet their compliance, security, privacy, survivability, and manageability requirements. Zoom Compliance Manager Plus: Launched in March and powered by Theta Lake, Zoom Compliance Manager is an all-in-one offering that provides archiving, eDiscovery, legal hold, and information protection offerings for enterprises. Zoom Compliance Manager Plus enhances ZCM with advanced features such as risk detection, data loss protection, and advanced trends analysis. These enhanced capabilities will further help organizations fulfill regulatory obligations and mitigate organizational communications compliance risks. Zoom Meeting Survivability: Introduces a new level of network redundancy and enables business continuity, helping to ensure uninterrupted Zoom meeting service even during internet disruption due to outages from a storm, natural disaster, or carrier failure. Utilizing Zoom Node, a central hub for hosting Zoom workloads on premises, this functionality keeps meetings running smoothly via a failover to data centers where meetings are hosted on your local servers with minimal disruption to the end users. Zoom Mesh for Meetings: With Zoom Mesh, companies can optimize bandwidth usage and save up to 60 percent on internet bandwidth and associated costs. Already available for Zoom Webinars and Zoom Events, this capability now extends to Zoom Meetings for an exceptional user experience regardless of bandwidth constraints. Zoom Customer Managed Key Hybrid: CMK Hybrid enhances Zoom's current CMK data privacy offering by providing customers with more options to manage the encryption keys used to protect data maintained by Zoom. CMK Hybrid allows customers to control the entire encryption/decryption process on premises. Zoom Team Chat messages, for example, can be encrypted locally by the Zoom Workplace app. Zoom CMK Hybrid will be available for Zoom Workplace starting with the support of Zoom Team Chat in Q4 2024.
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MULN | Hot Stocks09:06 EDT Mullen Automotive CEO provides video update to shareholders - Mullen Automotive announces a video update for shareholders released today and provided by Mullen CEO and chairman, David Michery. The video was released on Tuesday, Sept. 24, 2024, at 9 a.m. ET, and is available to view here on Mullen's official YouTube channel and MullenUSA.com. "Our group of companies, including Bollinger Motors and Mullen Advanced Energy Operations, continue to work towards meeting milestones and growing sales and I remain optimistic that the Company success will continue despite the challenges associated with our stock price," said David Michery, CEO and chairman of Mullen Automotive.
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MTEK | Hot Stocks09:06 EDT Maris-Tech announces Amethyst edge computing video solution supports 5G - Maris-Tech announced that its Amethyst edge computing video solution product line, now supports 5G capability, enabling ultra-speed and high data transfer. This enhancement to the Amethyst product line highlights Maris-Tech's commitment to staying at the forefront of technology. The new 5G capability allows Amethyst to significantly improve operational efficiency in real-time, mission-critical environments. The integration of 5G into Amethyst delivers high-quality, narrow-band, ultra-low-latency video streaming over cellular networks. This upgrade is aimed to benefit the homeland security and civil security markets, where missions require real-time, reliable communications.
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SMAR BX | Hot Stocks09:06 EDT Smartsheet to be acquired by Blackstone, Vista Equity for $56.50 per share - Smartsheet (SMAR) announced that it has entered into a definitive agreement to be acquired by funds managed by Blackstone (BX) and Vista Equity Partners in an all-cash transaction valued at approximately $8.4B. Under the terms of the agreement, the buyers would acquire all the outstanding shares held by Smartsheet shareholders for $56.50 per share in cash upon the closing of the proposed transaction. This price represents a premium of approximately 41% to the volume weighted average closing price of Smartsheet stock for the 90 trading days ending on July 17, the last full trading day prior to media reports regarding a possible sale transaction involving the company, and a 16% premium to the highest closing stock price over the last 12 months ending July 17. The merger agreement for the transaction includes a 45-day "go-shop" period that expires on November 8. During this period, Smartsheet and its advisors will be permitted to actively solicit alternative acquisition proposals from certain third parties, and potentially enter into negotiations with other parties that make alternative acquisition proposals. The Smartsheet board of directors will have the right to terminate the merger agreement to accept a superior proposal, subject to the terms and conditions of the merger agreement. The transaction is currently expected to close in the fourth quarter of Smartsheet's fiscal year ending January 31, 2025, subject to the approval of Smartsheet's shareholders, the satisfaction of required regulatory clearances and other customary closing conditions. The Smartsheet board unanimously approved the merger agreement and recommends Smartsheet shareholders vote their shares in support of the transaction at a special meeting of shareholders to vote on the transaction. Upon completion of the transaction, Smartsheet's Class A common stock will no longer be listed on any public market and Smartsheet will become a privately held company. The company will continue to operate under the Smartsheet name and brand.
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JAKK... | Hot Stocks09:05 EDT Disguise announces new rights, distribution for TRANSFORMERS ONE - Jakks Pacific's (JAKK) Disguise has officially announced new rights to design, produce, market, and distribute costumes and accessories for Paramount (PARA) Animation and Hasbro's (HAS) latest film, TRANSFORMERS ONE, in North America, LATAM and in some channels in EMEA. This newest addition to the iconic TRANSFORMERS movie franchise, produced by Paramount Animation and Hasbro and released by Paramount Pictures on September 20, 2024, is set to bring fresh excitement to fans globally.
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STM | Hot Stocks09:05 EDT STMicroelectronics introduces fourth-gen STPOWER SiC MOSFET technology - STMicroelectronics is introducing its fourth generation STPOWER silicon carbide MOSFET technology. The Generation 4 technology brings new benchmarks in power efficiency, power density and robustness. While serving the needs of both the automotive and industrial markets, the new technology is particularly optimized for traction inverters, the key component of electric vehicle powertrains. The company plans to introduce further advanced SiC technology innovations through 2027 as a commitment to innovation.
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GCMG... | Hot Stocks09:04 EDT GCM's Infrastructure Advantage Strategy acquires interest in Shepherds Flat - GCM Grosvenor (GCMG) announced that its Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat, the largest repowered wind farm in North America, from Brookfield Asset Management (BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (BEP) Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW. The wind farm produces in excess of 2,000 GWh of electricity annually, which is enough to power ~185,000 average U.S. households and is fully supported by a long-term contract with a large-scale utility. GCM Grosvenor's investment in Shepherds Flat was completed through its Infrastructure Advantage Strategy, which seeks to generate high-quality risk adjusted returns through alignment with key stakeholders, including union labor. As part of the transaction, the Shepherds Flat partnership has adopted a Responsible Contractor Policy which will apply to any material construction work at the site.
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TBLA | Hot Stocks09:02 EDT Taboola extends partnership with Xiaomi's International - Taboola announced an expanded partnership with the International Internet Business Department of Xiaomi, one of the world's largest consumer electronics manufacturers. Under the partnership, Xiaomi will utilize Taboola News to power recommendations in new ways across their devices in several markets globally. Taboola News brings recommendations from Taboola's large publisher network directly into offerings from mobile carriers and device manufacturers, including smartphone screens and web browsers.
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LPLA | Hot Stocks08:58 EDT LPL Financial: 57th Street Wealth Advisors joins Linsco by LPL Financial - LPL Financial announced that financial advisors Ken Hutkin and Ron Winkler have joined LPL's employee advisor channel, Linsco by LPL Financial, to launch 57th Street Wealth Advisors. They reported serving approximately $400 million in advisory, brokerage and retirement plan assets and join LPL from Wedbush Securities. They will operate the first Linsco office in New York City. Hutkin brings more than 30 years of experience as a business owner and entrepreneur to the partnership. He prides himself on understanding the unique challenges faced by professionals and business owners, which gives him the ability to design custom-tailored strategies and financial plans. Winkler has spent nearly 40 years of his career as the founder and managing partner of Winkler & Co. CPAs, a tax and financial planning firm. Like Hutkin, Winkler's passion for business and entrepreneurship drove his successful small business and ability to find approaches to even the toughest of clients' financial challenges.
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SMAR | Hot Stocks08:55 EDT Smartsheet trading halted, news pending
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HCMLY CRH | Hot Stocks08:54 EDT Sublime Systems gets $75M in investments from CRH and Holcim for True-Zero - "Low-carbon cement technology leader Sublime Systems is accelerating its mission of swift and massive impact on global CO 2 emissions through unprecedented collaborations with two of the largest building materials providers, CRH (CRH) and Holcim (HCMLY). The partnerships support near-term development and operations of Sublime's first commercial manufacturing facility in Holyoke, Mass. with a corporate equity investment and a binding offtake reservation of the Sublime Cement produced there, while laying the foundation for a rapid expansion of full-scale manufacturing plants with Sublime's technology once the Holyoke plant is complete. The historical process for manufacturing ordinary portland cement OPC , the most common type of cement used globally today, involves heating limestone, a mineral that is roughly half CO2 by weight, in kilns powered extensively by fossil fuels, running at about 1,450 degrees C. Founded in 2020, Sublime Systems is commercializing breakthrough, "true-zero" technology that avoids both mineral and fossil fuel emission sources. Its electrochemical process runs at near-ambient temperature and uses clean electricity and carbon-free inputs to produce reactive cementitious ingredients that are highly engineered for an optimally performing cement in concrete," said the company in part.
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VSTO | Hot Stocks08:49 EDT CSG urges Vista Outdoor stockholders to vote for $2.15B Kinetic Group deal - Czechoslovak Group or CSG, anindustrial holding company reaffirmed its commitment to successfully completing the transaction with Vista Outdoor to acquire The Kinetic Group for $2.15 B and invest $150M in Revelyst or CSG Transaction. CSG urges all Vista Outdoor stockholders to vote in favor of the CSG Transaction at Vista Outdoor's October 9th special meeting. CSG will not agree to any further adjournment of the Vista Outdoor special meeting and reiterates that October 9th is the last possible date for Vista Outdoor to hold its special meeting of stockholders ahead of the October 15th termination date in the merger agreement. Michal Strnad, Chief Executive Officer and the owner of CSG, commented, "We are committed to executing our fully financed transaction with Vista Outdoor, which we believe maximizes value for Vista Outdoor stockholders. With the October 15th termination date for the transaction fast approaching, the upcoming October 9th special meeting will be the last and final opportunity for Vista Outdoor stockholders to vote to receive $2.15 billion in cash value for The Kinetic Group and shares of Revelyst - in which CSG has committed to invest $150 million for a 7.5% stake." ..."We remain open minded and are working in good faith with the Private Equity Firm and Vista Outdoor to see if a mutually beneficial outcome can be achieved; however, we continue to have serious concerns with the Private Equity Firm's latest proposal. While we will continue to engage with the Private Equity Firm, there remain notable challenges that need to be overcome."
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UGRO | Hot Stocks08:48 EDT Urban-Gro to provide architectural design services for CSU - urban-gro announced that its architectural professional services division has been selected to provide design services for the renovation of the Davidson Student Center located on the Columbus State University Campus in Columbus, Georgia.
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FRSX | Hot Stocks08:47 EDT Foresight Autonomous signs strategic agreement with leading AI company - Foresight Autonomous Holdings announced the signing of a multi-phase strategic cooperation agreement with China Design Group, a $1 billion annual revenue Chinese technology company offering smart transportation solutions using IoT, 5G, and AI for urban planning and intelligent systems. CDG will leverage its expertise to lead the marketing and sales efforts of the intelligent traffic systems in mainland China, while Foresight will drive these initiatives in key international territories, focusing on Japan, South Korea, Europe, and the United States.
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VRAR | Hot Stocks08:46 EDT Glimpse Group partners with The College of Staten Island - The Glimpse Group entered into a two year, mid-six figure contract with the College of Staten Island CUNY Technology Incubator for the design, deployment and integration of a suite of immersive technologies in its new Innovation Hub. CSI was awarded funding from New York State and Empire State Development to establish a state-of-the-art Virtual and Augmented Reality Lab as part of New York State's Downtown Revitalization Initiative. With additional financial backing from the New York City Council, the VR/AR Lab will be housed within the newly constructed Innovation Hub, with a total project budget exceeding $3 million. This funding will support a wide range of initiatives, including cutting-edge equipment and technology for students and entrepreneurs, the development of advanced instructional spaces, and the creation of collaborative workspaces for faculty, students, entrepreneurs, and community members. This immersive tech project is expected to be implemented over the next two years and includes significant software licenses and services from several Glimpse subsidiary companies.
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VTAK | Hot Stocks08:45 EDT Catheter Precision receives Chinese patent for LockeT - Catheter Precision has received notification of the issuance of its first LockeT patent in the country of China. Locket is a suture retention device used in the closure of percutaneous catheter access sites during any number of catheter procedures including electrophysiology, structural heart, and vascular surgery procedures. Locket is currently sold in the US and select international territories. Catheter Precision is awaiting CE mark certification, expected in the first quarter of 2025, which opens up the large market of European countries.
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VINO | Hot Stocks08:45 EDT Gaucho Group signals 'strong support' for Milei's reforms at NYSE opening - Gaucho Group announced its support for the Argentine government's economic initiatives following President Javier Milei's participation yesterday at the New York Stock Exchange opening bell ceremony. This event, which coincides with the 79th Session of the United Nations General Assembly, underscores a significant moment for Argentina on the global stage. During the ceremony, President Milei, noted for his advocacy of free-market principles, expressed his administration's commitment to implementing policies aimed at establishing Argentina as the foremost libertarian country in the free world. He emphasized his government's resolution to avoid fiscal deficits, despite inheriting conditions that might have led to a historical economic downturn. Gaucho Holdings' key personnel were invited to attend this significant ceremony through the Argentine Consulate in New York, demonstrating their support for President Milei and his address to the global community. Gaucho Holdings, supportive of the beneficial transformations in the Argentine economy driven by President Milei's policies, remains committed to capitalizing on the evolving economic landscape. With a diverse portfolio that spans fine wines, luxury real estate, and high-quality leather goods and accessories, Gaucho Holdings is well-positioned to benefit from a more stable and prosperous economic environment. This alignment with positive economic reforms promises to bolster the Company's market standing and deliver enhanced value to its investors. "President Milei's vision for Argentina as a 'new Mecca of the West' is ambitious and resonates with our goals at Gaucho Holdings," said Scott Mathis, CEO and Founder of Gaucho Group Holdings, Inc. "We are committed to contributing to Argentina's resurgence as a leading destination for business and investment, leveraging our diverse portfolio to enhance our consumer and investor base."
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ADTX EVFM | Hot Stocks08:44 EDT Evofem Biosciences files proxy for stockholder approval of acquisition by Aditxt - Aditxt (ADTX) announced that its acquisition target, Evofem Biosciences (EVFM) filed a preliminary proxy to seek stockholder approval of transactions contemplated under the Amended and Restated Merger Agreement dated as of July 12, with Aditxt and Adifem, a wholly-owned subsidiary of Aditxt Adifem pursuant to which, and on the terms and subject to the conditions thereof, Adifem will merge with and into Evofem, with Evofem surviving as a wholly owned subsidiary of Aditxt. Assuming the proposal is approved by Evofem stockholders and other closing conditions are met, including but not limited to the Company raising sufficient capital to fund its obligations at closing, the companies are targeting closing the transaction in the fourth quarter of 2024. No assurance can be provided that all of the conditions to closing will be obtained or satisfied or that either of the transactions will ultimately close.
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VEEE | Hot Stocks08:43 EDT Twin Vee PowerCats appoints Carol Hindsman as CTO - Twin Vee PowerCats announced the appointment of Carol Hindsman as its new Chief Technology Officer. Hindsman will play a pivotal role in overseeing the development of Twin Vee's Pro-Direct Platform, an automotive-inspired online marketplace being designed to revolutionize the boat-buying process, improve customer satisfaction, and help expand its reach to more markets nationwide. With a diverse career that includes startups, mid-size firms, and Fortune 500 companies, Hindsman has been a part of driving innovation at businesses such as G.E., WorldCom, and Ryder System, Inc. As CTO, Hindsman will manage the development of the Pro-Direct Platform, which aims to elevate the boat buying experience with a suite of comprehensive and easy-to-use web-based tools
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SRZN | Hot Stocks08:42 EDT Surrozen earns $10M milestone payment in Retinal Diseases collaboration - Surrozen announced that Boehringer Ingelheim will further develop SZN-413 to advance the compound and prepare it for clinical testing. Surrozen is pioneering targeted therapeutics that selectively activate the Wnt pathway for tissue repair and regeneration. The milestone achievement triggers a $10 million payment to Surrozen as part of the agreement. "We are excited that Boehringer has decided to move forward with the development of SZN-413 based on the completion of the initial period of joint research," said Craig Parker, President and Chief Executive Officer of Surrozen. "With the strong genetic, experimental and clinical evidence of the role for Fzd-4 specific Wnt signaling in the retinal vasculature, we look forward to the further evaluation of this novel therapeutic approach to address one of the most urgent medical needs for people with retinal disease."
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RCRT | Hot Stocks08:42 EDT Recruiter.com completes sale of website to Job Mobz - Recruiter.com Group announced the completion of the sale of its website and certain associated intellectual property, www.recruiter.com, to Job Mobz, Inc. The sale is part of the Company's ongoing efforts to streamline operations and enhance shareholder equity. In conjunction with this transaction, the Company has fully repaid its outstanding senior debt under the terms of the Loan and Security Agreement, originally issued by Montage Capital II, L.P. As part of this repayment, the Company has also reached a debt settlement agreement with a private investor to whom the debt was transferred. This settlement involves the issuance of 720,000 shares of common stock in exchange for the full settlement of the loan and all associated obligations.
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RSVR | Hot Stocks08:41 EDT Reservoir Media announces publishing deal with Snoop Dogg, Death Row Records - Reservoir Media announced new publishing deals with renowned rapper Snoop Dogg and Death Row Records. The deals include domestic publishing for Snoop's entire catalog of hits and future works, as well as the publishing catalog of Snoop's Death Row Records.
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GVA | Hot Stocks08:41 EDT Granite with Obayashi awarded $113M contract for work on MCCB - Granite in partnership with Obayashi Corporation under the Granite-Obayashi 2 Joint Venture, announced the award of an estimated $113M contract to construct new facilities at Marine Corps Base Camp Blaz or MCCB. Project funding comes from the Department of Defense's DOD Military Constructio,n MILCON, and will be included in Granite's third-quarter CAP. "We are honored to continue our partnership with NAVFAC Pacific on this critical mission," said Curt Haldeman, Granite Vice President of Regional Operations. "This contract not only strengthens our relationship with NAVFAC Pacific but also reinforces our role as a key contributor to the successful realignment of Marines from Okinawa to Guam." The project is expected to begin in October 2024 and be completed in January 2027.
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GAME | Hot Stocks08:40 EDT Zoned announces launch of Topgolf Universe on Fortnite's UEFN platform - Zoned announce the recent launch of the Topgolf Universe on Fortnite's UEFN platform. Topgolf is breaking new ground in virtual entertainment, launching an immersive experience on Fortnite's UEFN platform. For the first time ever, players can dive into a fully interactive version of the iconic Topgolf experience-teeing off, racing, and exploring-all within Fortnite's expansive universe. Topgolf and Fortnite have come together to represent the growing convergence of entertainment, sports, and gaming, redefining how brands can engage with their audience
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ENLV | Hot Stocks08:39 EDT Enlivex announces DSMB recommendation to initiate Phase II stage of Allocetra - Enlivex Therapeutics announced that the independent Data and Safety Monitoring Board, DSMB, has completed an interim data review at the conclusion of the Phase I safety run-in stage of the Company's ongoing Phase I/II clinical trial of Allocetra in up to 160 patients with moderate to severe knee osteoarthritis. Patients in the Phase I safety run-in were treated with three sequential injections of Allocetra at escalating doses, and no serious adverse reactions were reported during or following the treatment. Following review of the data, the DSMB confirmed that the safety profile of Allocetra allows the Company to move forward to the Phase II stage of the Phase I/II trial, which is a double-blind, randomized evaluation of the safety and efficacy of intra-articular knee injections of Allocetra compared to placebo. The DSMB has also indicated that in light of the observed safety profile, the Phase II stage may proceed with the highest dose of Allocetra injections tested in the Phase I safety run-in.
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ENSC | Hot Stocks08:39 EDT Ensysce Biosciences to present at upcoming meetings - Ensysce Biosciences announced its participation in two upcoming meetings in October 2024. October 5, 2024: New data will be presented in a poster session in collaboration with Sygnature Discovery at the Society for Neuroscience meeting in Chicago in the session for Addictive Drugs: Drug Tolerance, Dependence, and Toxicity.The poster entitled "Methadone ameliorates the effects of morphine withdrawal in a modified rat model of physical dependence" is the first study of its kind in a pre-clinical model to evaluate the efficacy of novel agents for treating Opioid Use Disorder.OUD affects 16 million people worldwide and can be attributed to 500,000 deaths each year. OUD is characterized by intense cravings for opioids and severe withdrawal effects if an opioid cannot be found. Methadone is a common agent used to reduce these cravings yet can be abused. OUD has unwanted cardiovascular side effects and due to varied pharmacology can lead to overdose and death. Ensysce has been applying its Trypsin Activated Abuse Protection technology to develop novel methadone analogues with reduced cardiovascular side effects and reduced abuse potential. Sygnature Discovery employs relevant rodent models, knowledge about applicable and sensitive endpoints, and state-of-the-art technologies in the assessment of behavioral effects of novel drug candidates. October 16, 2024: Dr. Lynn Kirkpatrick, CEO of Ensysce, has been invited as an Expert Speaker at the Formulation & Delivery US 2024 meeting in San Diego, CA to present "TAAP and MPAR - Delivering Prescription Drugs Safely with Added Oral Overdose Protection". The presentation will highlight the versatility of the TAAP and MPAR platforms, and showcase Ensysce's lead products, PF614 and PF614-MPAR. The Fast Track and Breakthrough Therapy designations from the FDA demonstrate the uniqueness of these approaches to deliver effective drugs more safely and efficiently.
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TFIN | Hot Stocks08:38 EDT Triumph Financial announces addition of Ascent Global to Triumph Network - TriumphPay announced the addition of Ascent Global Logistics, a leading global provider of expedited, to the TriumphPay Network, as a full audit and payments participant. By joining the TriumphPay Network, Ascent is taking a significant step toward providing a more streamlined payment experience. "At Ascent, our carriers are at the heart of everything we do, and their success directly impacts the level of service we provide to our customers," said Jack Korslin, chief financial officer of Ascent Global Logistics. "We're excited to begin our partnership with TriumphPay by rolling out enhanced payment solutions to our carriers in our brokerage business segment, with plans to expand to the rest of our carrier network in the near future."
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BNZI | Hot Stocks08:37 EDT Banzai announces $24.8M debt payoff, restructuring agreements - Banzai International entered into agreements with lenders and service providers to write off up to $5.6 million of outstanding liabilities and restructure a further $19.2 million of its existing debt obligations, improving the Company's overall financial position by amending certain credit obligations and extending the maturity of certain debt facilities. Including the previously executed Cantor Fitzgerald fee restructuring, this represents a total of $28.8 million in anticipated reduced and restructured liabilities. Banzai has reached an agreement with creditors to eliminate approximately $15.3 million of debt via a combination of private placement and debt restructuring, with participation from insiders including Alco Investment Company. As part of the debt restructuring, a term loan with CB BF Lending is being converted to a fixed-price convertible with a maturity date extended to February 19, 2027, a two-year extension. This substantially increases the cash runway and improves working capital; we believe it will also enable the Company to achieve its near-term growth initiatives.
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BEAT | Hot Stocks08:37 EDT HeartBeam appoints Lance Myers chief artificial intelligence scientist - HeartBeam announced the appointment of Lance Myers, a pioneer in digital health data analytics and body-worn biosensor technologies, as chief artificial intelligence, or AI, scientist. In this newly created position, Myers will play a pivotal role in guiding how AI is applied to the company's core technology. Most recently, Myers served as AI Advisor to HeartBeam.
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SRM | Hot Stocks08:36 EDT SRM Entertainment, Suretone Pictures announce media agreement - SRM Entertainment's SRM and Suretone Entertainment's Suretone Pictures are in negotiations to form an alliance capitalizing on Suretone Pictures' film productions, tv content creation, existing library and distribution strength alongside SRM's ongoing merchandise, manufacturing and distribution businesses as engaged in providing its services to the major film studios. The initial transaction was closed on September 3, 2024 with the transfer of the first of several valuable film assets transferred by Suretone Pictures to SRM. SRM and Suretone Entertainment's Suretone Pictures are engaged in far-reaching discussions to jointly create a new media company using certain assets of Suretone Pictures as the two companies intend to come together to build a multi-film asset and IP based library with an innovative plan towards distribution, merchandising and production.
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NBN | Hot Stocks08:36 EDT Northeast Bank announces 'significant' loan purchase volume - Northeast Bank announced that since June 30, 2024, the Bank has purchased primarily commercial real estate loans in the amount of unpaid principal balance of $805 million. Because the purchases closed primarily late in the quarter, there will be minimal impact on earnings for the first fiscal quarter of 2025. The Bank has funded and intends to fund the purchase of these loans primarily relying on brokered deposits and Federal Home Loan Bank advances.
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RDZN | Hot Stocks08:36 EDT Roadzen insiders, shareholders agree to extend lock-up for additional year - Roadzen announced that all its major shareholders known to own more than 5% of the Company's common stock, holders of a majority of its shares held by other shareholders and all company insiders have agreed to extend their lock-up agreements by another twelve months, to September 20, 2025. This represents shareholders owning over 56 million shares that were originally scheduled to be released from lock-up on September 20, 2024, pursuant to the lock-up agreements entered into in connection with the Company's initial business combination.
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SGBX | Hot Stocks08:35 EDT Safe & Green closes refinancing of Waldron facility - Safe & Green Holdings closed on a new loan involving its Waldron facility located in Durant, Oklahoma via refinancing. This strategic move will free up working capital and support Safe & Green Holdings' growing customer demand and facilitating its aggressive expansion strategies. The Company was able to secure over an additional $1 million from the prior loan on the property, with more favorable terms and a lower interest rate. This arrangement not only underscores the real-world value of Safe & Green Holdings' assets, but also provides the Company with greater flexibility to expand its operations.
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CLBT | Hot Stocks08:34 EDT Cellebrite announces patent for Remote Mobile Collection - Cellebrite announced the patent for Remote Mobile Collection, which equips corporate investigators with immediate, targeted remote data collection - saving them time and money. In today's hybrid work environment, this newly patented technology - available in Cellebrite's SaaS platforms Endpoint Mobile Now and Endpoint Inspector - delivers high value, supporting rapid data collection and offers greater convenience to the device's consenting owner, who can keep it during collection rather than return it to a corporate office.
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SAVA | Hot Stocks08:34 EDT Cassava Sciences announces completion of interim safety data of simufilam - Cassava Sciences announced the completion of a third interim safety review of simufilam in on-going Phase 3 clinical trials in patients with Alzheimer's disease. A routine, scheduled meeting of a Data and Safety Monitoring Board, DSMB, resulted in a recommendation that both of Cassava Sciences' on-going Phase 3 studies continue as planned, without modification. "We are pleased to have satisfactorily completed this safety review, the last before the expected top-line read out for our first Phase 3 study." said Jim Kupiec, Chief Medical Officer. "We look forward to announcing top-line efficacy, safety and biomarker data for our 12-month Phase 3 study before the end of 2024."
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ANIX | Hot Stocks08:33 EDT Anixa Biosciences announces Phase 2 study for breast cancer vaccine - Anixa Biosciences announced its strategic plan for a Phase 2 study for its breast cancer vaccine. The Phase 1 trial is being conducted at Cleveland Clinic, funded by a grant from the U.S. Department of Defense. The proposed Phase 2 trial will evaluate the efficacy of the vaccine administered in the neoadjuvant setting, in combination with chemotherapy and Keytruda. Compared with primary prevention, the development path for breast cancer treatment is expected to have a shorter path to approval. The key objectives of the trial include evaluating the immunological response to the vaccine and comparing clinical efficacy of standard of care therapy alone with the vaccine plus standard of care therapy. The trial is expected to commence in 2025 and is projected to last approximately two to three years. Immunological responses to the vaccine will be made available as the trial advances.
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CYDY | Hot Stocks08:33 EDT CytoDyn announces preliminary findings in study with SMC Laboratories - CytoDyn announced a preliminary review of results from its preclinical study with SMC Laboratories. SMC Laboratories, a company specializing in preclinical drug efficacy evaluations using various models of inflammation and fibrosis in mice, conducted a study that assessed the optimal dosing of leronlimab in the MASH setting and potential synergies with Resmetirom, the only currently approved therapy for the treatment of MASH. A preliminary review of the study results has led to several encouraging findings, as follows: Leronlimab monotherapy demonstrated statistically significant fibrosis reversal compared to an isotype IgG4 control arm; Leronlimab monotherapy appeared to demonstrate dose-dependent antifibrotic activity, with leronlimab 700 mg performing better at reversing liver fibrosis compared to leronlimab 350 mg; and Leronlimab monotherapy appears to have better anti-fibrotic activity compared to Resmetirom.
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LPTH | Hot Stocks08:32 EDT LightPath secures $3.5M follow-on order - LightPath Technologies announced a $3.5M follow-on order to provide advanced infrared optics for the F-35 combat aircraft program. Sam Rubin, President & CEO of LightPath, said: "This third order from a tier-1 defense customer follows an initial order of $2.5 million in December 2022 and a follow-on order of $3.4 million in October 2023 - validating our capability to meet intensive qualification standards and deliver a unique value proposition to critical military programs. We expect to realize this revenue over the course of 12 months and believe there remains significant growth potential within the F-35 program alone."
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CYTO | Hot Stocks08:29 EDT Altamira Therapeutics sees FY24 total cash needs $5.8M-$7M - Altamira expects total cash needs in 2024 to be in the range of $5.8 million to $7.0 million. During the third quarter of 2024, the Company raised $0.7 million from share issuances under the 2022 Commitment Purchase Agreement with Lincoln Park Capital Fund and gross proceeds of $4.0 million upfront from a public offering of common shares with milestone-linked warrants.
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SISXF | Hot Stocks08:26 EDT Savaria executive chairman completes secondary sale of securities - Savaria announced Marcel Bourassa, Executive Chairman of Savaria, has completed the sale of 2,000,000 common shares of Savaria. The Common Shares were sold through the facilities of the Toronto Stock Exchange. Following the sale of Common Shares, Mr. Bourassa will continue to be the largest shareholder of Savaria with an approximately 16.09% equity interest. "After 35 years of leadership at Savaria, I am proud of our accomplishments of building a team that has brought Savaria to the next level," said Mr. Bourassa. The proceeds from the sale of Common Shares are for personal reasons, for family estate planning purposes and in support of philanthropic endeavors. Mr. Bourassa may, from time to time, increase or decrease his investment in Savaria through market transactions, private arrangements, treasury issuances or otherwise. On September 23, 2024, Mr. Bourassa completed the sale of 2,000,000 Common Shares beneficially owned by Les Elevateurs Savaria through the TSX, which were sold at a price of $20.63 per share, for an aggregate consideration of $41,260,000
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CRMT | Hot Stocks08:26 EDT America's Car-Mart appoints Fischer as COO - America's Car-Mart announced the appointment of Jamie Fischer as Chief Operating Officer, COO, effective October 7th, 2024. She will oversee dealership operations and related support functions including inventory management and marketing. Jamie joins the company from DriveTime, where she has grown her career since 2012.
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CMDXF | Hot Stocks08:25 EDT Computer Modelling Group launches Focus CCS tool - Computer Modelling Group is announcing the launch of Focus CCS, a purpose-driven simulation tool designed to accelerate the preliminary selection and validation process for CO2 storage sites. With its intuitive interface and guided workflows, Focus CCS enables engineers to quickly and accurately evaluate risks, predict safe CO2 storage capacities, and expedite the process leading up to permitting and regulatory approval. Focus CCS is now available worldwide and will make a critical contribution to getting more CCS projects into operation - supporting the global goal of progressing towards net zero.
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CSCO | Hot Stocks08:25 EDT Cisco, University of Ottawa announce to prepare students - Cisco and the University of Ottawa have announced a partnership to better prepare students for careers in the technology industry. Funded by Cisco's Country Digital Acceleration program, Cisco will integrate industry-recognized Cisco Certified Network Associate certification into the university's Computer and Software Engineering curriculum. The CCNA certification validates a broad range of fundamentals for all IT careers -- from networking technologies, to security, to software development -- proving that the holder has the skills businesses want and candidates need to meet market demands.
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LWAY DANOY | Hot Stocks08:23 EDT Danone North America proposes to acquire Lifeway Foods for $25 per share - In a regulatory filing last night, Danone North America PBC (DANOY), which holds a 23.4% stake in Lifeway Foods (LWAY), disclosed that on September 23, Danone North America PBC sent a letter, proposing to acquire all of the outstanding shares of Lifeway common stock not currently held by the reporting persons for a purchase price of $25.00 per share in cash. "The transaction would be wholly funded in cash from existing cash reserves of the Reporting Persons and is not contingent on any financing requirements. The proposal is subject to the completion of due diligence and negotiation of definitive agreements... The Reporting Persons intend to engage in discussions with the Issuer regarding the Proposed Transaction," the filing stated. Reference Link
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LIPO | Hot Stocks08:23 EDT Lipella Pharmaceuticals reports early tolerability results in Phase 2a trial - Lipella Pharmaceuticals announced an update on its ongoing multi-center Phase 2a clinical trial evaluating LP-310 for the treatment of Oral Lichen Planus, OLP. The Company reported that three participants have completed the four-week treatment with LP-310, an oral rinse, with encouraging findings: The treatment was well tolerated and had no unpleasant taste.
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LOT | Hot Stocks08:23 EDT Lotus Technology unveiles breakthrough in intelligent driving services - Lotus Technology announced a major breakthrough in its intelligent driving services, marking a revolutionary step forward in the automotive industry. This advancement reflects Lotus Tech's unwavering dedication to integrating cutting-edge technology into its world-renowned luxury vehicles, redefining the driving experience for its customers. Recent performance data from the Company's exclusive user app highlights that Lotus Tech has achieved a remarkable milestone: a single intelligent driving session for a user reaching up to 533 kilometers1 without any intervention, which is nearly the maximum range for single charging. This underscores the Company's leadership in delivering exceptional performance and reliability through its advanced intelligent driving systems. Beyond these impressive figures, users are showcasing deep engagement with the brand's intelligent driving features. Data from Lotus Tech's user app also reveals that individual customers are logging substantial intelligent driving mileage. The highest recorded single-user monthly intelligent driving mileage has reached 3,427 kilometers, with total cumulative intelligent driving mileage for a single user hitting an extraordinary 36,342 kilometers.
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SLI | Hot Stocks08:22 EDT Standard Lithium CEO says company 'delivered on our promises' in FY24 - "We delivered on our promises in fiscal 2024 with the advancement of our world-class lithium brine assets and by securing a strategic partnership with global energy major, Equinor," said David Park, CEO and Director of Standard Lithium. "Standard Lithium holds globally-significant lithium brine assets in the Smackover with the potential to help meet the growing demand for sustainable lithium production in the U.S. We are the most advanced DLE play in North America, having proven direct lithium extraction at a commercial scale. The Standard Lithium team has done an outstanding job of differentiating itself from the pack by systematically de-risking its business, including the consummation of it's partnerships with Equinor and Koch. Now, with the recent announcement of the conditional DOE grant of US$225 million, is the time for us to prioritize, focus and execute. We look forward to working closely with our partners to advance our South West Arkansas and East Texas projects."
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MEDS SCNX | Hot Stocks08:21 EDT Trxade Health announces name change to Scienture Holdings - TRxADE Health announced that the Company has changed its name to "Scienture Holdings, Inc." Effective as of September 23, 2024, the Company's stock is now trading on the Nasdaq Stock Market LLC under the new ticker symbol "SCNX". Scienture Holdings, Inc., through its wholly owned subsidiaries, Scienture and Integra Pharma Solutions, is a comprehensive pharmaceutical product company focused on providing enhanced value to patients, physicians and caregivers by offering novel specialty products to satisfy unmet market needs. Our products are in development across therapeutic areas and indications, and cater to different market segments and channels.
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VWAGY... | Hot Stocks08:21 EDT Volkswagen integrates AI into myVW mobile app with Google Cloud - Volkswagen of America (VWAGY) announced the deployment of generative AI within the myVW mobile app through a strategic partnership with Google Cloud (GOOGL). The new generative AI-powered Virtual Assistant within the myVW app is currently available for all My24 Atlas and Atlas Cross Sport vehicle owners, with drivers able to access information and answers specific to their vehicles. The myVW Virtual Assistant combines Volkswagen's connected car data with Gemini models on Google Cloud's Vertex AI platform to deliver information to users. "We're driven to introduce new technologies and features that enhance the ownership experience for all of our Volkswagen customers and create love for our vehicles," said Abdallah Shanti, Chief Information Officer for Volkswagen Group of America. "AI is emerging as a utility tool for Volkswagen owners to better understand their vehicles and get answers to questions faster and easier. Thanks to our strong collaboration with Google Cloud, we're able to bring valuable technology into our vehicles that help us successfully connect to the car and our customers."
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BRNS | Hot Stocks08:20 EDT Barinthus Biotherapeutics initiates Phase 1 clinical trial of VTP-1000 - Barinthus Biotherapeutics announced the initiation of its first-in-human Phase 1 trial of VTP-1000 in adults with celiac disease. The randomized, placebo-controlled clinical trial, which includes a controlled gluten challenge, will evaluate the safety, tolerability, pharmacokinetics and pharmacodynamics of VTP-1000. The Phase 1 AVALON trial aims to enroll 42 participants with celiac disease and will be conducted in two parts: a randomized double-blind placebo controlled single ascending dose, SAD, part, followed by a randomized double-blind placebo-controlled multiple ascending dose part, incorporating a controlled gluten challenge to assess the impact of VTP-1000 administration on patients' exposure to gluten.
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TTMI | Hot Stocks08:20 EDT TTM Technologies unveils new Xinger ultra wide band balun transformers - TTM Technologies is introducing its ultra-compact, low-profile broadband balanced to unbalanced transformers, the XMB0220K1-50100G and XMB0465Z1-50100G. These state-of-the-art balun transformers are engineered for diverse end markets, including Test and Measurement, Telecom, Commercial Off-The-Shelf Military and Aerospace, 5G, LTE and Aero Radar. The XMB0220K1-50100G and XMB0465Z1-50100G offer Common-Mode Rejection Ratio, critical for efficient signal conversion. The XMB0220K1-50100G is ideal for Test and Measurement, Telecom, and COTS Mil-Aero applications. It enables single-ended signals to be applied to differential ports on analog-to-digital and digital-to-analog converters and integrated RF chipsets used in radar to Internet of Things sensors. The XMB0465Z1-50100G is an ultra-small, low-profile balun, ideal for high-level integrations for 5G, LTE, and Aero Radar, as well as L, S & C-Band in communications and Mil-Aero markets. It also enables single-ended signals to be applied to differential ports on integrated RF chipsets. The XMB0220K1-50100G and XMB0465Z1-50100G are now available for sampling through ttm.com. They will be available for purchase later this fall.
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ICCM | Hot Stocks08:20 EDT IceCure Medical's cryoablation system shows 96% recurrence free rate - IceCure Medical announced the publication of an article in the Annals of Surgical Oncology, the official journal of the Society of Surgical Oncology presenting the results of IceCure's ICE3 trial for liquid nitrogen based cryoablation of small, low-risk, early-stage malignant breast tumors as an alternative to surgery. Lead author of the study Dr. Fine commented, "Our analysis of the trial's primary outcome, ipsilateral breast tumor recurrence at 5 years, suggests that cryoablation with ProSense is safe and effective for patients with early-stage low-risk breast cancer. At the 5-year follow-up, we observed local control similar to surgical standard of care. Cryoablation may be considered as an alternative to lumpectomy in this select population if followed by appropriate adjuvant treatment. Future study within a clinical trial or registry is encouraged to confirm cryoablation as a viable alternative to surgical excision." With a mean follow-up period of 54.16 months for the total population of the ICE3 trial, the trial's primary outcome, ipsilateral breast tumor recurrence or IBTR rate at 5 years was 4.3% and breast cancer survival was 96.7%. Of the 124 patients who received cryoablation and endocrine therapy, the IBTR was 3.7%, resulting in a recurrence-free rate of 96.3%. No serious device-related adverse events were reported. 100% of patients and treating physicians were satisfied with the cosmetic outcome.
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CAPR | Hot Stocks08:19 EDT Capricor announces intent for file BLA for full approval of Deramiocel - Capricor Therapeutics announced, following recent meetings with the U.S. Food and Drug Administration, its intent to file a Biologics License Application, BLA, based on existing cardiac and natural history data for deramiocel to treat all patients diagnosed with Duchenne muscular dystrophy cardiomyopathy. Following the FDA meetings: Capricor plans to commence the filing of a BLA in October of 2024 seeking full approval of deramiocel for the treatment of DMD-cardiomyopathy with full submission expected by year-end 2024. The BLA filing will be based on existing cardiac data from the Phase 2 HOPE-2 and HOPE-2 Open Label Extension trials compared to natural history data provided by Vanderbilt University Medical Center and Cincinnati Children's Hospital Medical Center. In order to support potential label expansion to treat DMD skeletal muscle myopathy, Capricor plans to combine Cohorts A and B of the Phase 3 HOPE-3 clinical trial to serve as a post-approval study and does not intend to unblind Cohort A at this time, which was expected to occur in the fourth quarter of 2024.
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ALGS PLRX | Hot Stocks08:18 EDT Aligos Therapeutics appoints Hardean Achneck as CMO - Aligos Therapeutics (ALGS) announced the appointment of Dr. Hardean Achneck as Chief Medical Officer, effective immediately. Dr. Achneck will lead the Company's global clinical development efforts and serve as a member of Aligos' Senior Leadership Team. Most recently, Dr. Achneck served as the Senior Vice President and Head of Clinical Development at Pliant Therapeutics (PLRX) where he oversaw all clinical programs, including those in hepatic diseases.
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IMMP | Hot Stocks08:17 EDT Immutep receives EUR 2.19M R&D tax incentive from French Government - Immutep announce it has received a EUR 2,194,918 research and development tax incentive payment in cash from the French Government under its Credit d'Impot Recherche scheme, CIR. The "Credit d'Impot Recherche", meaning "Research Tax Credit", is a French government tax incentive by which French companies conducting research and development activities in Europe can be reimbursed 30% of their eligible expenditure.
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BREA | Hot Stocks08:16 EDT Brera Holdings approved to dual list internationally on Upstream - Brera Holdings has been approved to dual list its shares on Upstream, a MERJ Exchange market and global securities trading app. Trading becomes available on Upstream on Tuesday October 1st at 10:00am ET under the ticker symbol 'BREA'.
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ENPH | Hot Stocks08:16 EDT Enphase Energy announces launch of Enphase Energy System in India - Enphase Energy announced the launch of its most powerful Enphase Energy System to-date, featuring the new IQ Battery 5P and IQ8 Microinverters, for customers in India. "At Enphase, we strive to provide world-class technology for homeowners and businesses to support their energy needs," said Mehran Sedigh, senior vice president of sales at Enphase Energy. "As India aims to increase its clean energy generation, we're proud to work with our installer network across the country to equip homeowners with smart, safe, and powerful solar and battery products."
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AMTX | Hot Stocks08:15 EDT Aemetis calls on CARB to implement 15% ethanol blend in gasoline - Aemetis called for the California Air Resources Board to immediately implement a 15% ethanol blend in gasoline to reduce gas prices for California consumers and reduce greenhouse gas emissions from motor vehicles. California stands alone among the 50 states in not adopting a 15% blend of fuel ethanol. The US EPA approved E-15 for use in light duty vehicles in 2011, and 49 other states have adopted a 15% ethanol blend. California still mandates a 90% petroleum blend in every gallon of gasoline. In response to Governor Newsom calling a special session of the state legislature, the State Assembly is currently holding hearings regarding the need for lower fuel prices in California. An obvious solution is to allow consumers to purchase lower cost, cleaner burning, domestically produced renewable fuel instead of mandating higher cost, polluting imported petroleum fuel. A recent study by UC Berkeley and US Naval Academy economists found that allowing an E-15 blend could save California drivers $2.7 billion at the pump annually, which translates into approximately $0.20 per gallon every time a motorist fuels their car. A typical California household would save about $200 per year on gasoline expenses, and for many lower income residents of the Golden State, that money could be spent on items like childcare, groceries, or prescription medications. Moving to an E-15 blend would have an immediate impact on California's environment as ethanol is derived from renewable sources and emits 46% fewer air pollutants than gasoline. According to the Environmental and Energy Study Institute, the US transportation sector accounts for 27 percent of US greenhouse gas emissions. Increasing California's ethanol blend would reduce emissions and likely reduce gasoline usage in the state, while providing an immediate and measurable benefit to the state's ambitious goal of reaching net carbon neutrality by the year 2045. A study commissioned by CARB found that adopting E-15 in the state could cut emissions of tailpipe pollutants such as particulate matter and carbon monoxide, which cause air quality and human health problems.
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MDAI | Hot Stocks08:14 EDT Spectral AI achieves 25% patient enrollment at ED for Burn Pivotal Study - Spectral AI announced that it has achieved 25% patient enrollment at Emergency Departments, ED, for its U.S. Burn Pivotal Study and added two new ED Clinical Trial Sites for this study: MedStar Washington Hospital Center in Washington, DC led by Principal Investigator Shawn Tejiram, MD and the University of Utah led by Principal Investigator Giavonni Lewis, MD, FACS. The addition of these two clinical research sites expands participating EDs to 11 facilities.
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ABM SSNLF | Hot Stocks08:13 EDT ABM expands charger portfolio with Samsung C&T Charging Solutions partnership - ABM (ABM) announced a distributorship agreement with Samsung (SSNLF) C&T Charging Solutions, making ABM an authorized distributor and servicer of EVSIS-branded DC Fast Chargers. Samsung C&T Charging Solutions is an equity partner of the Korean DC Fast Chargers manufacturer EVSIS, which is entering the United States market.
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NVEE | Hot Stocks08:13 EDT NV5 Global award prime contract with NGA valued up to $290M - NV5 Global has been awarded a prime contract with the National Geospatial-Intelligence Agency to provide unclassified commercial geospatial intelligence-derived computer vision and analytic services under the Luno A program. The $290 million contract is a five-year, multiple-award indefinite delivery, indefinite quantity contract to monitor global economic and environmental activity, as well as military capabilities. The contract will leverage commercial computer vision and artificial intelligence capabilities and will integrate into analytic workflows for the national security community's operational use. NV5 anticipates that it will receive approximately $30 million in revenue over the term of the Luno A contract.
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AUPH | Hot Stocks08:12 EDT Aurinia Pharmaceuticals announces Japan MHLW approval for voclosporin - Aurinia Pharmaceuticals announced that the Japanese Ministry of Health, Labour, and Welfare has approved voclosporin, a second-generation calcineurin inhibitor, in combination with mycophenolate mofetil, or MMF, to treat lupus nephritis, or LN. The company's collaboration partner, Otsuka Pharmaceutical, filed the new drug application, or NDA, with Japanese regulatory authorities in November 2023. The approval is based on data from the AURORA Clinical Program, which included a 12-month, Phase 3, double-blind, randomized-controlled study, as well as a two-year extension study, assessing the efficacy and safety of voclosporin with MMF and low-dose glucocorticoids, compared to MMF and low-dose glucocorticoids alone, in LN patients. Aurinia and Otsuka entered a collaboration and licensing agreement in December 2020 for the development and commercialization of oral voclosporin in the EU, Japan, the United Kingdom, Russia, Switzerland, Norway, Belarus, Iceland, Liechtenstein, and Ukraine. As part of the agreement, Aurinia is eligible to receive a payment of $10M upon approval in Japan along with low double-digit royalties on net sales once launched. The company will supply product to Otsuka to support the launch under the associated commercial supply agreement on a cost-plus basis.
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LDOS GM | Hot Stocks08:12 EDT Leidos oins Lunar Dawn team to collaborate on human-rated Moon rover - Lunar Outpost announced Leidos (LDOS) has joined the Lunar Dawn team, led by Lunar Outpost. The two companies will collaborate to develop a human-rated Moon rover as part of NASA's Lunar Terrain Vehicle Services or LTVS contract, alongside General Motors GM (GM) , The Goodyear Tire & Rubber Company and MDA Space.Leidos brings to the team a focus on practices to protect the health and safety of the crew, reduce human error and enable the crew to operate the system in an effective and efficient manner. ... "Leidos brings decades of experience and a deep understanding of the LTV project to the Lunar Dawn team. In fact, they have been working on an LTV design since 2020," said Forrest Meyen, Lunar Dawn Program Manager and Co-Founder at Lunar Outpost. "Astronaut safety is our number one priority when building our vehicle, and we are thrilled to have the industry leader in human-centered design on our team."
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PYCR | Hot Stocks08:12 EDT Paycor HCM unveils features to redefine time-off managment - Paycor HCM announced a suite of innovative features designed to transform time-off management for the modern workforce. These cutting-edge additions to Paycor's HCM platform streamline time-off operations through automation, real-time visibility and proactive controls to drive efficiency and promote employee well-being. Paycor now offers seamless integration of time-off requests with scheduling, providing leaders with real-time visibility of these requests while building schedules. This feature allows for enhanced productivity and coordination through comprehensive visibility into time-off schedules for employees and leaders. Time Off Advisor provides employees with peak time visibility through blackout dates and balance forecasting, enabling better planning and communication with managers for time-off planning. Paycor Paths offers bite-sized training to empower leaders to recognize and prevent causes of burnout while easily accessing time-off balances and requests to identify potentially at-risk employees via the COR Leadership Dashboard.
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PBLA | Hot Stocks08:10 EDT Panbela announces first patient enrolled in dose escalation study of CPP-1X-S - Panbela Therapeutics announced the first patient enrolled in a Phase I dose escalation study to evaluate CPP-1X-S in STK11 mutant non-small cell lung cancer, NSCLC. The initial goal of the Phase I trial will be to determine the maximum tolerated dose of eflornithine in combination with the immune checkpoint inhibitor Keytruda, while evaluating efficacy and then moving into a Phase II efficacy trial. Data from the Phase I trial is expected by mid-2025, with a look to start the Phase II trial in 2024.
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LAB | Hot Stocks08:10 EDT Standard BioTools: SomaScan includes protein measurements on broad sample range - Standard BioTools announced that the SomaScan 11K Platform now includes protein measurements on a broader range of sample types, including cerebrospinal fluid, aqueous humor, tissue homogenates and cell lysates. The SomaScan Platform provides the largest number of protein measurements and the greatest number of orthogonally confirmed protein reagents in the proteomics industry -11,000 protein measurements simultaneously from sample volumes as low as 55 microl-giving researchers access to half of the human proteome in just one assay. "These new sample types expand the SomaScan11K Platform's ability to provide important biological insights, supporting translational medicine by advancing research findings into disease causation, clinical pharmacology and drug development," said Standard BioTools Chief Medical Officer Stephen A. Williams, MD, PhD. "The use of high-throughput proteomics in cerebrospinal fluid for neurodegenerative disease research, for example, is key to providing information on biological changes occurring in the brain. The SomaScan Platform's sensitivity to these changes is expected to give researchers a wealth of mechanistic neurological data." The SomaScan Platform is the only proteomic approach on the market that scales. The precision of the SomaScan Assay has been maintained or improved across all versions, up to and including the most recent release covering 11,000 protein measurements-a challenge that antibody-based assays have failed to overcome. The platform offers low coefficients of variation, a median around 5%, which means the SomaScan Assay can provide more statistical power to make discoveries.
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MRK | Hot Stocks08:08 EDT Merck Animal Health expands Nobivac NXT vaccine platform - Merck Animal Health, a division of Merck, announced the expansion of the newly USDA-approved Nobivac NXT vaccine platform to include a best-in-class solution to protect cats against one of the most common feline infectious diseases, feline leukemia virus, or FeLV. The vaccine is expected to be available at veterinary clinics and hospitals nationwide this fall.
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CMCSA COMM | Hot Stocks08:08 EDT Comcast: CommScope's FDX DOCSIS amplififier now live serving customers - Comcast (CMCSA) and CommScope (COMM) announced that for the first time CommScope's Full Duplex or FDX DOCSIS amplifier is now live serving customers in Comcast's network. With the deployment of FDX amplifiers, Comcast will be able to seamlessly deliver multi-gig symmetrical services along with enhanced reliability, security and performance, to customers served by the vast majority of its current network architecture. "At SCTE Expo last year we were excited to announce the first deployment of multi-gig symmetrical service to Comcast customers, and in the months since we have turned scaled DOCSIS 4.0 FDX into a reality," said Elad Nafshi, Chief Network Officer, Comcast. "With this first CommScope Full Duplex or FDX, DOCSIS amplifier live in our network, we are positioned to accelerate the pace of our FDX DOCSIS 4.0 deployment. This pioneering smart amplifier will enable us to deliver multi-gig symmetrical services and leverage industry-first imbedded AI capabilities to deliver unprecedented intelligence, service automation and reliability across our network." Since launching FDX DOCSIS 4.0 in October 2023, Comcast has scaled the offering to more than one million homes across six markets and expects to continue to accelerate the pace of activation. Amplifiers are a critical component to realizing FDX DOCSIS 4.0 across Comcast's footprint, with the current network architecture utilizing up to a six-amplifier cascade to reach customers with multi-gig symmetrical services. With this first successful deployment of CommScope's FDX amplifier, Comcast has a clear path to delivering an unparalleled network experience to homes and businesses across the U.S.
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CRNC TUYA | Hot Stocks08:08 EDT Tuya selects Cerence to provide multi-lingual TTS - Cerence (CRNC) announced that Tuya Smart (TUYA) is partnering with Cerence to provide multi-lingual text-to-speech, TTS, for its cloud developer platform designed specifically for two-wheeled vehicles, including motorcycles, e-bikes, and more. "As voice-powered interaction continues to gain relevance and usage among consumers, it only makes sense that we would enhance our offerings with voice capabilities," said Tony Kong, General Manager of Outdoor Business Department, Tuya Smart. "By leveraging Cerence's industry-leading TTS, we bring best-in-class technology to our customers looking to enhance the two-wheeler rider experience with improved safety and functionality."
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MATW | Hot Stocks08:07 EDT Matthews announces pricing of senior notes - Matthews International has priced its previously announced private offering of $300 million aggregate principal amount of its 8.625% senior secured second lien notes due 2027. The Notes will pay interest semi-annually in arrears, on April 1 and October 1 of each year, beginning on April 1, 2025. The Notes will mature on October 1, 2027, unless earlier redeemed or repurchased. The Notes offering is expected to close on September 27, 2024, subject to customary closing conditions. The Company intends to use the net proceeds of the offering, together with borrowings under the Company's senior credit facility, to redeem all of its outstanding 5.25% senior notes due December 1, 2025 on or about October 24, 2024, and to pay accrued and unpaid interest on the Existing 2025 Notes to, but not including, the date of redemption, and to satisfy and discharge the indenture governing the Existing 2025 Notes.
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SVRA | Hot Stocks08:06 EDT Savara appoints Braden Parker as chief commercial officer - Savara announced the appointment of Braden Parker as chief commercial officer, effective immediately. Parker is responsible for overseeing Savara's global commercial strategy for molgramostim inhalation solution in autoimmune Pulmonary Alveolar Proteinosis, or aPAP. Parker joins Savara from Orchard Therapeutics, where he served as chief commercial officer.
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ECOR | Hot Stocks08:06 EDT electroCore engages FNK IR to execute expanded IR program - electroCore announced that it has engaged FNK IR, an institutionally focused investor relations consulting firm, to develop and deploy an expanded outreach and communications program.
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ARQT | Hot Stocks08:05 EDT Arcutis Biotherapeutics announces FDA accepted its sNDA for ZORYVE foam - Arcutis Biotherapeutics announced the FDA has accepted its sNDA for ZORYVE foam 0.3%, a once-daily, next generation phosphodiesterase-4 inhibitor, for the treatment of adults and adolescents ages 12 and over with scalp and body psoriasis. The FDA assigned the application a PDUFA target action date of May 22, 2025. "ZORYVE foam, if approved, would represent a truly meaningful innovation for millions of people with scalp and body psoriasis whose symptoms have not been adequately addressed by existing treatments," said Frank Watanabe, president and chief executive officer of Arcutis. "We look forward to working closely with the FDA during the review process for our fifth topical roflumilast regulatory submission in the United States in less than three years. This filing acceptance is a critical milestone in our mission to deliver new treatment options that address the urgent needs of individuals living with immune-mediated diseases and conditions."
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SEEL | Hot Stocks08:05 EDT Seelos Therapeutics selected by U.S. Army to evaluate SLS-002 in PTSD - Seelos Therapeutics signed a Material Transfer Agreement with the U.S. Army Medical Materiel Development Activity - USAMMDA - to supply SLS-002 - intranasal racemic ketamine - for the U.S. Department of Defense's Military and Veterans Adaptive Platform Clinical Trial to evaluate its potential for treatment of post-traumatic stress disorder. Dosing of the SLS-002 cohort is expected to commence prior to the end of 2024. The trial is funded by the DOD's Defense Health Agency and led by USAMMDA's Warfighter Readiness, Performance, and Brain Health Project Management Office. The Phase II study that will evaluate the safety, tolerability, and efficacy of multiple pharmacotherapeutic interventions in active-duty service members and veterans with PTSD. Endpoints include the incidence of new or worsening suicidal thoughts or behaviors. In addition, the trial is evaluating several biomarkers associated with PTSD and assessing treatment safety and tolerability.
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VZ | Hot Stocks08:05 EDT Verizon Business, Vay Technology enter 5G connected-vehicle deal - Verizon Business and Vay Technology announced an agreement bringing Verizon 5G connectivity to Vay's fleet of teleoperated electric vehicles. The deal also includes custom data plans to help manage massive amounts of data generated by Vay vehicles' sensors and cameras. Vay currently operates its commercial service in Las Vegas, where users can order an electric car via the Vay app and have it delivered to them by a Vay teledriver. While in the car, the users drive themselves, just like in a regular car. When the trip is complete, they end the rental in the app, exit the vehicle, and a Vay teledriver remotely drives it to the next customer. High-performance, low-latency Verizon 5G connectivity helps enable this operational model. Verizon connectivity is used for data-intensive, mission-critical workloads such as providing mobility solutions for teleoperation-capable cars; transmitting telematics or diagnostic information from vehicles to Vay and/or Vay customers; and transmitting over-the-air updates to software and firmware in Vay vehicles.
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NTAP NVDA | Hot Stocks08:05 EDT NetApp partners with Nvidia on AI data vision - NetApp (NTAP) unveiled an advanced generative AI data vision and end-to-end integrated solutions that combine Nvidia (NVDA) AI software and accelerated computing with NetApp intelligent data infrastructure for enterprise retrieval augmented generation, or RAG, to power the future of agentic AI applications. This will bring new capabilities to the NetApp ONTAP unified storage operating system that can leverage a new NetApp global metadata namespace to unify data stores for the tens of thousands of enterprises that trust NetApp for their data infrastructure. It opens up exabytes of enterprise data stored across clouds and on-premises infrastructure to drive RAG capabilities that can put enterprises' entire data estate to work, accelerating next-generation agentic AI applications. The solution brings together proven NetApp AIPod architecture with NetApp ONTAP and the NetApp BlueXP unified control plane, with Nvidia NeMo Retriever and NIM microservices, which are part of the Nvidia AI Enterprise software platform.
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TOWN VBFC | Hot Stocks08:04 EDT TowneBank, Village Bank & Trust announce agreement to merge - Hampton Roads based TowneBank (TOWN) and Village Bank and Trust Financial (VBFC) announced the signing of a definitive agreement and plan of reorganization pursuant to which TowneBank will acquire Village and Village Bank. The proposed transaction will enhance TowneBank's continued and growing presence in the Richmond MSA while providing opportunity for diverse revenue synergies with Towne Financial Services Group and strategic capital deployment.
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PRST | Hot Stocks08:04 EDT Presto Automation announces sale process backed by lender financing - Presto Automation announced an injection of significant operating capital from its senior secured lenders, led by Metropolitan Partners Group. This capital will help support the Company and stabilize its ongoing operations during a sales process for the Company's business and assets, and was provided by the lenders following an uncontested notice of default to the Company from Metropolitan. Metropolitan, with the help of its sale agent, Rock Creek Advisors, will be running a sale process under Article 9 of the Uniform Commercial Code to obtain the highest and best value for the Company's business and assets. The Company expects that a successful sale will result in a streamlined capital structure and improved financial flexibility. Current shareholders of Presto Automation Inc. are not expected to receive any payment for their shares following the sale process, and Presto Automation Inc. will be wound up. Over the past several months, Presto's Voice AI efficiency has shown significant improvement and accuracy, continuing to demonstrate that its cutting-edge automation solutions enhance efficiency and improved guest experience for its restaurant partners. Presto is currently expanding with significant QSR chains, which will bring its AI technology to approximately 750 additional restaurants when fully expanded. The sale process will begin September 24th, 2024 and is expected to conclude in November 2024
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YOU | Hot Stocks08:02 EDT Clear Secure opens four new locations - Clear Secure continues to expand locations to enroll and renew consumers in the Trusted Traveler program by opening four new locations. The four new locations include: San Antonio International Airport; Buffalo Niagara International Airport; Kahului International Airport; Daniel K. Inouye International Airport.
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VSAT | Hot Stocks08:02 EDT ViaSat awarded $33.6M U.S. Air Force contract - Viasat was awarded a $33.6M contract including options from the U.S. Air Force Research Laboratory - AFRL - under the Defense Experimentation Using Commercial Space Internet program to develop and deliver Active Electronically Scanned Array - AESA - systems to enable resilient satellite communications for tactical aircraft, including rotary wing platforms. Viasat will use its commercial AESA technology, as well as its integration and radio frequency integrated circuits expertise, to develop a new phased array antenna that can support resilient communications for tactical aircraft by enabling connections across different frequencies, orbits and commercial networks.
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CAMT | Hot Stocks08:02 EDT Camtek introduces 5th generation of Eagle system - Camtek Ltd. announced the launch of the latest leading inspection system, the Eagle Generation-5. Camtek said: "The new system offers unparalleled wafer throughput coupled with improved optical resolution, meeting both current market demand and customers' future roadmap." Rafi Amit, Camtek's CEO commented, "I am very excited about the launch of our fifth generation Eagle platform. It pushes the boundaries of performance for inspection and metrology and I expect it to strengthen our dominant position in both the 2D inspection and 3D metrology in advanced packaging markets. This system is the first in a number of new products that we have been working on in recent years and will provide inspection and metrology solutions for the upcoming Advanced Packaging technologies that are characterized by fine pitch of micro bumps and hybrid bonding interconnects.The healthy demand in our end-markets, together with the initial contribution from our new products, underlies our expectations that 2025 will be another growth year for Camtek."
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ITEEF GTE | Hot Stocks07:55 EDT I3 Energy says ISS, Glass Lewis recommend vote for Gran Tierra transaction - I3 Energy (ITEEF) noted that independent proxy advisors, Institutional Shareholder Services, and Glass Lewis & Co., have both recommended that shareholders vote FOR the proposed acquisition of i3 Energy by Gran Tierra Energy, Inc (GTE) at the upcoming Court Meeting and General Meeting on 7 October. The Board of i3 Energy also reiterates its unanimous recommendation for shareholders to vote in favour of the proposed acquisition for the following reasons: Gran Tierra's offer represents a premium of 49% to the closing price on the 16th of August 2024, the day before the offer was announced and a premium of 49.7% to the 30-day volume weighted average price, ending the 16th of August 2024. The offer value compares favourably to comparable company valuations and transactions across a range of metrics. The offer represents the highest share price of the Company since October 2023. The cash payment accelerates returns and is equivalent to over 10 years of dividends at the current quarterly dividend payment. i3 Energy shareholders will own up to 16.5% of the pro-forma Gran Tierra company, which brings increased scale and financial capacity to extract value from i3 Energy's Canadian undeveloped resource base; particularly, its key Simonette Montney asset - Gran Tierra's financial resources are expected to be deployed to accelerate its development and i3 shareholders will benefit from this through their ongoing shareholding in the Combined Group. Beyond the development of key assets in i3's portfolio, i3's shareholders will gain exposure to Gran Tierra's diverse portfolio of 100% owned and operated oil weighted production and development assets and a large inventory of exploration prospects. The pro-forma company will be able to allocate capital to the most profitable projects from a much larger opportunity set. The growth potential and optionality in the pro-forma business will be considerably greater than in i3 Energy as a standalone entity. Gran Tierra is an active operator and has many projects that if successful, will deliver incremental near-term production and cashflows. The transaction will combine two high quality teams with a strong track record of success in the jurisdictions in which they operate. We believe the combination will result in enhanced performance across the business units and generate beneficial operational and cost synergies.
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SNAP... | Hot Stocks07:52 EDT Snap integrating Google's generative AI model into chatbot - Google Cloud (GOOGL) announced an expanded strategic partnership with Snap (SNAP) to power generative AI experiences within My AI, Snapchat's AI-powered chatbot and one of the largest consumer chatbots available today. Snapchat will leverage the strong multimodal capabilities of Gemini on Vertex AI, particularly the technology's ability to understand and operate across different types of information like text, audio, image, video, and code, to offer more engaging and innovative features for the Snapchat community through My AI. "This partnership with Google Cloud reinforces everything that's so important to serving our community. Snap is all about empowering people to express themselves, live in the moment, learn about the world, and have fun together. Now with Gemini in My AI, Snapchatters can learn so much more about the world, do it really quickly in the moment, and easily share that with friends," said Evan Spiegel, CEO of Snap.
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EC | Hot Stocks07:48 EDT Ecopetrol announces name change for offshore exploration projects - Ecopetrol informs that, in compliance with the ruling issued by the Fourth Labor Court of the Santa Marta Circuit, the names "Uchuva" and "Tayrona" will no longer be used to refer to its offshore exploration projects in the Colombian Caribbean, nor any project in which the company is involved. This mention of the former names is made only once to comply with the court's order. In collaboration with Petrobras, Ecopetrol's partner in these projects, it has been agreed that the first project will now be referred to as SIRIUS, and the second as GUA-OFF-0.
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SLXN | Hot Stocks07:47 EDT Silexion Therapeutics announces new findings from Loder trial - Silexion Therapeutics announced new findings from its Phase 2 trial of Loder in patients with non-resectable locally advanced pancreatic cancer, or LAPC, which bear the KRAS G12D or G12V mutation. Overall the updated analysis reveals a 56% objective response rate, or ORR, in patients treated with Loder, with the ORR increasing to 67% in patients whose previously non-resectable tumors became resectable. This marks a significant step forward in potentially improving surgical outcomes for LAPC patients. Silexion had previously reported that patients treated with Loder in combination with standard-of-care, or SoC, chemotherapy experienced a 9.3-month improvement in overall survival, or OS, compared to chemotherapy alone. The new data now underscores LODERs additional potential to increase the resectability of tumors, opening up more surgical options for patients with otherwise inoperable pancreatic cancer. Silexion is also progressing with the development of its next generation product, SIL-204, which builds upon the efficacy of the Loder. SIL-204 is designed to target a broader range of KRAS mutations, covering pan- G12x and G13D, as well as the previously reported findings of properties which should make it more effective clinically such as improved stability and enhanced ability to get to the site of action for silencing the KRAS oncogene. These improved properties demonstrated in preclinical models position SIL-204 as a promising option for the treatment of difficult-to-treat cancers such as locally advanced pancreatic cancer. Silexion continues to proceed with the development of this optimized candidate.
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VSTO | Hot Stocks07:41 EDT Vista Outdoor shareholder Gates Capital intends to vote against CSG proposal - Vista Outdoor shareholder Gates Capital Management, an alternative asset manager that beneficially owns approximately 9.6% of Vista's shares of common stock, issued a statement encouraging Vista to finalize negotiations for an all-cash offer for the company and reiterating its intention to vote against the proposed sale of The Kinetic Group to the Czechoslovak Group, or CSG. Highlights of the statement include: "...independent proxy advisory firm ISS recommended that shareholders vote AGAINST the latest CSG proposal. We agree with the ISS recommendation and support its view that the best outcome for shareholders would be attained by selling both The Kinetic Group and Revelyst in a revised all-cash transaction. Recent public disclosures indicate that a private equity firm has recently offered $1.1B in cash for Revelyst, but that such a transaction would need to take place sooner rather than later since the firm would not have any interest in purchasing Revelyst after the closing of the currently proposed CSG transaction. We strongly believe that the currently proposed transaction with CSG to sell only The Kinetic Group is not in the best interest of shareholders as it would eliminate the possibility of subsequently selling Revelyst to this private equity firm. For this reason, we see no reason to support any transaction that doesn't include a comprehensive sale of the entire company".
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NCNO | Hot Stocks07:39 EDT nCino announces BankNewport live on nCino Platform - nCino announced that BankNewport is live on the nCino Platform. Since selecting nCino as a foundational technology partner, the Rhode Island-based community bank has implemented multiple nCino solutions, including Commercial Lending, Marine Lending, Business and Consumer Deposit Account Opening, and Portfolio Analytics, bringing together multiple lines of business onto a single platform. Based on the Bank's existing use of the nCino platform across its commercial and marine lending business, it expanded its use of the platform to include DAO and harness the same efficiencies across another key process. Within three weeks of implementing the product, the Bank recognized a streamlined digital account opening process for consumers by as much as ninety percent in some cases.
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ELBM | Hot Stocks07:38 EDT Electra Battery Materials submits request for appeal of Nasdaq determination - Electra announces that following receipt of notice from The Nasdaq Stock Market of noncompliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2) on September 17, 2024, it has submitted a request for an appeal of Nasdaq's determination pursuant to the procedures set forth in the Listing Rules. The appeal hearing date has been set for November 5, 2024, and the Company's shares will continue to trade on Nasdaq until this date. If at any time before November 5, 2024, the bid price of the Company's shares closes at or above US$1.00 per share for a minimum of 10 consecutive business days, the Company will regain compliance with the Minimum Bid Requirement and the appeal hearing will be cancelled. In the event the appeal is successful, the Company expects to receive additional time in which to regain compliance with the Minimum Bid Requirement. There can be no assurance that the appeal will be successful or that the Company will be able to regain compliance. This matter does not impact the listing of the shares on the TSX Venture Exchange.
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MRMD | Hot Stocks07:38 EDT Marimed commences adult-use retail sales at Thrive Wellness dispensary - MariMed announced it has commenced adult-use retail sales at its Thrive Wellness dispensary in Tiffin, Ohio. Since its opening in June 2023, the dispensary has been operating as a medical-only facility, offering a diverse selection of branded flower and edible products from across the state. "We are thrilled to commence adult-use sales in Ohio," said Jon Levine, MariMed's Chief Executive Officer. "We have long believed that Ohio will be one of the country's largest cannabis markets, and it remains our top priority with respect to mergers and acquisitions to become a vertical operator as quickly as possible."
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ELBM | Hot Stocks07:37 EDT Electra achieves technical grade lithium carbonate in recycling program - Electra Battery Materials announced the achievement of greater than 99% purity, or technical grade, lithium carbonate product. These results further bolster the Company's ability to produce high-quality, technical and battery-grade products from its black mass recycling project. "Our proprietary hydrometallurgical process has demonstrated repeatedly that it can successfully produce high-quality, saleable products, now including lithium carbonate, along with nickel-cobalt MHP and graphite," said Electra CEO, Trent Mell. "This achievement of technical grade lithium carbonate at a plant scale may be the first such achievement in North America. It is critical we not only continue to develop the onshore supply chain, but also a closed-loop solution to battery recycling, as EV adoption rates increase. This year, we have received a C$5 million funding commitment from the Government of Canada to develop this next phase of our business, and results such as this will help drive that program forward as we look to scale up," Mell continued. "Our new joint venture with the Three Fires Group, Aki Battery Recycling, is another critical component in solidifying the future for Electra's recycling program, as it will provide a steady source of black mass for future continuous operations."
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RGEN | Hot Stocks07:37 EDT Repligen opens RTIC at Waltham headquarters - Repligen Corporation announced the grand opening of its Repligen Training & Innovation Center, RTIC, at its Waltham headquarters. The opening celebration, held on the evening of September 23, attracted a group of over 150 biopharma and CDMO customers. The RTIC buildout, which features product exhibits, purpose-built demonstration areas and technical training space, was designed to provide customers with pre- and post-sales support, and provide a hands-on experience with Repligen's innovative bioprocessing solutions.
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WVE | Hot Stocks07:36 EDT Wave Life Sciences announces interim data fom ogoing Phase 2 FORWARD-53 study - Wave Life Sciences announced positive interim data from the ongoing Phase 2 FORWARD-53 study of WVE-N531, which is an exon skipping oligonucleotide being investigated in boys with Duchenne muscular dystrophy, DMD, who are amenable to exon 53 skipping. The interim analysis was conducted after 24 weeks of 10 mg/kg dosing every two weeks, Q2W, and WVE-N531 demonstrated substantial dystrophin expression and that it was safe and well tolerated. Results from this interim analysis include: WVE-N531 was safe and well tolerated; Dystrophin results from a pre-specified analysis of ambulatory boys showed: Mean absolute muscle content-adjusted dystrophin expression was 9.0% and mean absolute unadjusted dystrophin expression was 5.5% of normal, The dystrophin expression was quantified from two isoforms consistent with those observed in Becker muscular dystrophy patients who display milder disease, 89% of ambulatory participants achieved muscle content-adjusted dystrophin levels of at least 5%.; WVE-N531 was detected in myocyte nuclei in all participants and in myogenic stem cells in the majority of participants; Participants showed multiple indicators of improvement in muscle health; The muscle tissue half-life of WVE-N531 is estimated to be 61 days
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HOOK | Hot Stocks07:36 EDT Hookipa Pharma to present HB-700 dataset at RAS-Targeted Drug Development Summit - HOOKIPA Pharma announced that the Company will present preclinical data related to the HB-700 program for the treatment of KRAS mutated cancers at the 6th Annual RAS-Targeted Drug Development Summit being held in Boston, Massachusetts from September 24-26, 2024. "HOOKIPA is very pleased to present a comprehensive preclinical proof-of-concept dataset related to HB-700, for the potential treatment of KRAS mutated cancers. KRAS mutations are most frequently found in pancreatic, colorectal and lung cancers. While a number of KRAS programs are focused on a single mutation, our program is uniquely suited to target the most prevalent KRAS mutations of these cancers in a single therapy," said Mark Winderlich, PhD, Chief Research & Development Officer. "HOOKIPA's approach could enable HB-700 to be a widely used, multi-KRAS therapy. The preclinical dataset has demonstrated safety, induction of target-specific CD8+ T-cells, and target cell killing in several different animal and translational models. With IND clearance, received from the FDA in Q2 2024, HB-700 is a Phase 1 ready asset."
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SUPN | Hot Stocks07:35 EDT Supernus announces ongoing collaboration with Busy Philipps - In a continued collaboration with Supernus Pharmaceuticals, actress, author, podcaster, late-night host, and mom, Busy Philipps, is speaking up this fall about her ongoing journey with attention-deficit/hyperactivity disorder, bringing awareness to the often-overlooked symptoms of the condition in women and Qelbree, a non-stimulant ADHD treatment that has benefitted her. With summer over and the school year now in full swing, the fall season brings for many adults a return to normal routines or schedules, as well as an opportunity for a fresh start. Busy knows first-hand just how difficult getting 'back to schedule' can be for the approximately 10 million adults living with ADHD, who may be experiencing symptoms of inattention, hyperactivity/impulsivity, or both. She's sharing her story to help empower people, and especially women, living with ADHD to take action for a fresh start this fall and talk to their doctors about treatment options to help manage their condition.
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WLBMF | Hot Stocks07:34 EDT Wallbridge Mining, Midland commence drilling on Casault property - Midland Exploration, in partnership with Wallbridge Mining Company, announced the commencement of a diamond drilling campaign in the eastern part of the Casault gold property. Highlights: Five holes, 1,100m drilling program underway; Regional and structural mapping conducted in the summer of 2024; New prospective yet unexplored area north of the Sunday Lake Fault with up to 112 gold grains found in till, including 97 pristine grains; More than 15 new exploration targets generated, including a new structural interpretation and new drilling targets at Vortex. Diamond Drilling: A drilling campaign totalling 1,100 m in five drill holes was launched in September. The drill holes will focus on a new prospective, yet unexplored area located north, "up-ice" from the gold-in-till anomaly detected in hole CSS-23-018 during the overburden drilling program conducted in 2023. This target corresponds to a magnetic low that extends along a northwest-trending subsidiary fault extending from the north break along the main Sunday Lake Deformation Zone. This important structure is a first order metallotect to which are associated the Detour Lake gold mine in Ontario and the Fenelon Gold and Martiniere gold deposits in Quebec. The new high-priority target is favourably located, approximately 18 kilometres west of the Fenelon Gold deposit held by Wallbridge. In addition, regional-scale geological and structural mapping were conducted this summer over a total of eight days at Casault West and Casault East, in order to assess regional structures and potential mineralization adjacent to the Martiniere property, adjacent to the Turgeon Pluton, and in the sedimentary basin on Casault East.
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DPRO | Hot Stocks07:33 EDT Draganfly receives military purchase order for its Commander 3XL - Draganfly announces that it has received a purchase order from TB2 Aerospace, TB2, for Commander 3XL Drones to be deployed with TB2 Drone Recharging Operational Payload System Pods, DROPS, within the DoD for various mission types. This order represents the beginning of the deployment and scaling of the DROPs system in conjunction with the Draganfly line of drones. "We are honored to be doing this exciting work with TB2 and to have been selected for this important work in the military logistics sector," said Cameron Chell, CEO of Draganfly. "Draganfly thrives at working to provide exceptional capabilities by integrating our line of drones, experience, and technology stack into mission profiles and use cases with our commercial and military partners-and doing it within time frames and at costs that few others can."
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DE | Hot Stocks07:27 EDT Deere falls after Trump threatens 200% tariff on Mexico move - At a policy roundtable in Smithton, Pennsylvania yesterday hosted by the Protecting America Initiative, former President Donald Trump said, "They've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico. I'm just notifying John Deere right now: If you do that, we're putting a 200% tariff on everything that you want to sell into the United States." Shares of Deere fell late in the trading day yesterday following the comments.
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AGFMF | Hot Stocks07:26 EDT AGF Management partners with Archer to support growth of SMA model business - AGF Management announced a partnership with Archer Holdco to help further grow its Separately Managed Accounts model business. AGF will leverage the technology capabilities and infrastructure of Archer, a technology-enabled service provider to the investment management industry.
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KSPI | Hot Stocks07:24 EDT Kaspi.kz says policy is not to work with sanctioned banks - In a company statement, Kaspi.Kz said in part, "Kaspi.kz's mission is to improve people's lives by developing innovative mobile products and services. To deliver upon this we operate a unique two-sided Super App model - Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants. We are proud of the business we have built, which we are continuing to grow by serving consumers and businesses across Kazakhstan. Here are some important facts we think you should know about our business and our robust efforts to ensure local and international regulatory compliance. We generate 99.6% of our revenue from Kazakhstan: As disclosed in our US IPO prospectus and in our 20F, 99.6% of our 2023 revenue was generated in Kazakhstan. The rest of our revenue was generated from our operations in Azerbaijan and Ukraine...We have comprehensive policies and procedures designed to avoid working with any consumers or companies that appear on international sanctions lists Our subsidiary Kaspi Bank is one of the largest and systematically important financial institutions in Kazakhstan and it operates under the strict supervision and regulations set by the National Bank of Kazakhstan, the Agency for Regulation and Development of Financial Markets and the Financial Monitoring Agency of the Republic of Kazakhstan. Kaspi.kz consumers and merchants must complete our "know your customer" process. When opening an account, we biometrically identify a consumer. Consumers must provide their full name, date of birth, address, passport, Kazakh tax ID and Kazakh mobile phone number. Foreign citizens can open accounts with us only after going through the same KYC processes mentioned above, which include having a Kazakh Tax ID and Kazakh mobile phone number among other requirements. Our policy is to not admit any customer or work with any counterparty that appears on international sanction lists. Checks are performed regardless of residency. Our policy is not to work with sanctioned banks...We believe we are in compliance with applicable laws and are not aware of any anti-money laundering investigations against Kaspi.kz...Only 2.8% of our customer account balances come from non-residents of Kazakhstan...Only 0.3% of our Marketplace GMV comes from purchases by non-residents."
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NTRB | Hot Stocks07:20 EDT Nutriband receives China patent notice of allowance for Aversa - Nutriband has received a Notice of Allowance from the Chinese National Intellectual Property Administration for patent application entitled, "Abuse and Misuse Deterrent Transdermal Systems," which protects its AVERSA abuse deterrent transdermal technology. The Aversa abuse deterrent technology is now covered by a broad international intellectual property portfolio with patents issued in 46 countries including the United States, Europe, Japan, Korea, Russia, Mexico, Canada, Australia, and China. Nutriband's AVERSA abuse-deterrent technology incorporates aversive agents into transdermal patches to prevent the abuse, diversion, misuse, and accidental exposure of drugs with abuse potential including opioids and stimulants. The AVERSA abuse-deterrent technology has the potential to improve the safety profile of transdermal drugs susceptible to abuse while making sure that these drugs remain accessible to those patients who really need them. Nutriband abuse-deterrent transdermal technology consists of a proprietary aversive agent coating that employs taste aversion to deter the oral abuse of and accidental exposure to transdermal opioid and stimulant patch products. Preliminary studies have shown that the coating is very difficult to scrape off and the technology has a patented immediate and extended-release profile which presents an additional layer of deterrence to prevent the aversive layer from easily being washed off in an attempt to separate the drug from the aversive agents.
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TRNR | Hot Stocks07:18 EDT Interactive Strength's CLMBR passes EU-wide compliance requirements - Interactive Strength announced that CLMBR has passed EU-wide compliance requirements, has secured the mandatory CE marking and will begin fulfilling orders immediately from exclusive distributors in Germany, Switzerland and Austria. Trent Ward, Co-Founder and CEO of TRNR, said: "We are very proud of achieving this milestone as it opens up the entire European Union and United Kingdom for selling CLMBR. We already have a number of orders from exclusive distributors that we will begin to fulfill immediately. We expect that distributors and key accounts from other countries will place orders now that we have received the CE marking since they will be able to import CLMBR into the EU. We already have received a large order from our German distributor among others and we have a number of key commercial pilots in the United Kingdom, which could help us grow very quickly in the two largest fitness markets in Europe," Mr. Ward continued. "It is clear that there is global demand for CLMBR and our engineering team has been working hard on the EU certification since we acquired CLMBR earlier this year so that we will be able to take advantage of the international opportunity for CLMBR. The third quarter results are expected to demonstrate a step-change in the revenue profile of the business, and we have higher expectations for the future now that we are able to access some of the largest fitness markets outside of the United States for the first time."
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AAOI | Hot Stocks07:14 EDT Applied Optoelectronics demonstrates 1.6T OSFP DR8 LPO module - Applied Optoelectronics is demonstrating its latest linear technology, the 1.6T OSFP DR8 LPO module, at the European Conference on Optical Communications 2024, setting a new level for high-speed networks by doubling the data rate of current interfaces. The 1.6T OSFP DR8 LPO module is designed to integrate with the Optical Internetworking Forum's CEI-224G Linear standard, enabling data transfer rates essential for supporting data intensive applications, including Artificial Intelligence,, machine learnings, and advanced data center operations. These integration capabilities address the current needs of today's network infrastructures and position businesses to scale and integrate future advancements for reliable performance.
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SVCO | Hot Stocks07:13 EDT Silvaco announces 2024 TCAD Baseline Release platform - Silvaco Group announced that its 2024 TCAD Baseline Release simulation platform with digital twin modeling, provides support for planar CMOS, FinFET and Gate-All-Around transistor technologies, enabling semiconductor companies to accelerate technology development. Silvaco's latest TCAD technology platform, enables advanced CMOS Process and Device simulation to support the development of next-generation semiconductor devices. This platform boosts performance, yield and efficiency across the evolving semiconductor design and manufacturing landscape. The solution enables highly accurate 3D process simulation, using digital twin-like precision and integrates stress simulation to model deformed structures. Additionally, the platform supports cryogenic applications through an atomistic quantum transport approach, enabling straightforward modeling of transistor structures down to 1 Kelvin.
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DNN FMST | Hot Stocks07:12 EDT Denison Mines executes uranium interests option with Foremost for up to $30M - Denison Mines (DNN) has executed an option agreement with a Nasdaq listed company to be renamed Foremost Clean Energy (FMST), which grants Foremost an option to acquire up to 70% of Denison's interest in 10 uranium exploration properties. Pursuant to the transaction, Foremost would acquire such total interests upon completion of a combination of direct payments to Denison and funding of exploration expenditures with an aggregate value of up to approximately $30M. The transaction is structured to incentivize exploration activity, with Foremost required to invest a minimum of $8M in exploration expenditures to retain any interests in the properties and $20M in exploration expenditures to fully exercise the option. Collaboration with Foremost is expected to increase exploration activity on a portfolio of non-core Denison properties with the potential to increase the probability of discovery within Denison's vast Athabasca Basin exploration portfolio. Denison is to receive meaningful consideration in the form of an upfront payment in Foremost common shares, representing ~19.95% ownership interest in Foremost post transaction, cash or common share milestone payments, and up to $20M in project exploration expenditures. Denison retains direct interests in the optioned exploration properties and will become Foremost's largest shareholder, while also securing certain strategic pre-emptive rights to participate in future exploration success from the optioned properties. Denison currently has 100% ownership in all of the properties except for Hatchet Lake, which is subject to a joint venture agreement with Eros Resources, with Denison currently holding a 70.15% ownership interest. Foremost is expected to act as project operator during the term of the Option Agreement; however, Denison expects to leverage its significant team of technical experts based in its office in Saskatoon, Saskatchewan to support Foremost as it transitions to uranium exploration. Additionally, David Cates, President and CEO of Denison, is expected to join Foremost's Board of Directors.
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GOEV | Hot Stocks07:11 EDT Canoo launches commercial operations, activation center in the U.K. - Canoo announced the company's official launch into the United Kingdom market by establishing Canoo Technologies UK Limited, a new legal entity in the UK, marking a significant milestone in the company's global expansion strategy. Canoo has selected Bicester Motion as a key location that reflects the company's spirit of innovation and commitment to sustainability. This decision and location, being a former WWII Royal Air Force base, underscores the long-standing partnership between the United States and the United Kingdom, a relationship built on shared values, economic collaboration, and mutual trust. Through this partnership, Canoo continues to strengthen its presence in the UK market while driving forward its mission of delivering sustainable mobility solutions globally.
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FMST DNN | Hot Stocks07:11 EDT Foremost Lithium enters property acquisition agreement with Denison Mines - Foremost Lithium Resource & Technology (FMST) has executed a property acquisition agreement with Denison Mines Corp. (DNN), which grants Foremost an option to acquire up to 70% of Denison's interest in 10 uranium exploration properties, along with other ancillary agreements. Pursuant to the Transaction, Foremost will provide Denison with consideration, including cash, stock, and/or future exploration spending commitments by Foremost. The Transaction is subject to regulatory approvals. In connection with the Transaction, Foremost intends to change its name to "Foremost Clean Energy Ltd." Under the terms of the Option Agreement, Foremost may acquire up to 70% of Denison's interest in the Exploration Properties. Denison currently has 100% ownership in all of the properties except for Hatchet Lake, where Denison currently owns 70.15%, subject to a joint venture with Eros Resources Corp. In the case of Hatchet Lake, Foremost may earn up to a 51% interest in the joint venture, representing slightly over 70% of Denison's current ownership interest. The Option Agreement outlines three phases, as summarized below: Phase 1: To earn an initial 20% interest in the Exploration Properties, on or before October 7, 2024, Foremost's obligations include: Issuing 1,369,810 of the Company's common shares to Denison; Appointing one director to Foremost's Board of Directors immediately on the Effective Date; Appointing a Technical Advisor to Foremost at Denison's election; and Entering into an Investor Rights Agreement providing for, among other things: The appointment by Denison of up to two individuals to the board of directors of Foremost; and A pre-emptive equity participation right to invest in Foremost's Common Shares to maintain its 19.95% interest. Phase 2: To earn an additional 31% interest in the Exploration Properties, on or before 36 months following the Effective Date, Foremost's obligations include: Paying $2,000,000, in cash or Common Shares or a combination thereof, at the discretion of Foremost to Denison; and Incurring $8,000,000 in exploration expenditures on the Exploration Properties. If the conditions of Phase 2 are not satisfied, Foremost shall forfeit its interests in and rights to the Exploration Properties. Phase 3: To earn an additional 19% interest in the Exploration Properties, on or before 36 months following the successful completion of Phase 2, Foremost's obligations include: Paying $2,500,000, in cash or Common Shares or a combination thereof, at the discretion of Foremost to Denison; and Incurring $12,000,00 in exploration expenditures on the Exploration Properties. If the conditions of Phase 3 are not satisfied, Foremost shall forfeit a portion of its interests in and rights to the Exploration Properties such that Denison's interests in the Exploration Properties will be increased to 51% and operatorship shall revert to Denison. Upon the successful completion of the Option Agreement, the parties would enter into a formal joint venture agreement in respect of the Exploration Properties where the initial ownership interests of Foremost and Denison will be determined based on satisfaction of conditions pursuant to the Option Agreement.
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OCTO | Hot Stocks07:10 EDT Eightco Holdings regains compliance with Nasdaq listing requirements - Eightco Holdings announced that the Company received formal notice from The Nasdaq Stock Market that the Company has regained compliance with Nasdaq's minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2), as well as Nasdaq's stockholders' equity requirement set forth in Nasdaq Listing Rule 5550(b)(1).
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TLRY | Hot Stocks07:09 EDT Tilray unveils portfolio of hemp-derived Delta-9 THC beverages - Tilray Brands, through its newly formed Tilray Alternative Beverages business unit, unveils its portfolio of hemp-derived Delta-9 THC beverages to launch in key markets across the U.S., beginning in October 2024. Tilray's lineup of HDD9 drinks include premium mocktails, seltzers and sparkling drinks made with high-quality hemp extracts and ingredients that provide consumers with a familiar, convenient, and delicious way to relax and unwind.
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BLUE | Hot Stocks07:08 EDT Bluebird Bio to reduce workforce by 25% in restructuring - Following a review of its operations, Bluebird Bio announced that the company is implementing a restructuring intended to optimize the company's cost structure and enable quarterly cash flow break-even in the second half of 2025. The restructuring is expected to result in a 20% reduction in cash operating expenses when fully realized in Q3 2025, compared to the prior reporting period. The initiative includes a reduction in the company's workforce of approximately 25%. The company's cash flow break-even target assumes scaling to approximately 40 drug product deliveries per quarter, realizing the 20% reduction in cash operating expenses, and obtaining additional cash resources to extend the Company's cash runway. As part of the restructuring, bluebird plans to further sharpen its focus on the ongoing commercial launches of Lyfgenia, Zynteglo and Skysona to enable continued launch acceleration while the company evaluates opportunities to increase its cash resources. Year-to-date, there have been 41 patient starts across bluebird's portfolio, up from 27 reported in mid-August. bluebird anticipates approximately 40 patient starts in Q4 2024.
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CANF | Hot Stocks07:08 EDT Can-Fite BioPharma signs development, commercialization agreement with Vetbiolix - Can-Fite BioPharma announced that its veterinary partner Vetbiolix exercised its option and signed a development and commercialization agreement with Can-Fite for the development of Piclidenoson for the treatment of osteoarthritis in companion animals including dogs and cats. Vetbiolix concluded a clinical study in dogs with osteoarthritis who were treated orally with piclidenoson for a couple of months period. The arthritis market for companion animals is estimated by Coherent Market Insights to be $3.8 Billion in 2023 and is expected to grow to $6.3 Billion by 2030. Can-Fite and Vetbiolix model that Piclidenoson has the potential to capture up to 6% of this opportunity, with peak worldwide sales of $445 Million by 2034. Under the agreement, Can-Fite is entitled to receive a 15% royalty on worldwide sales in this indication. This means that Can-Fite's upfront and royalties on sales upon regulatory approval for veterinary use, is projected to be $325 million in the aggregate over the next decade assuming a 2027 launch.
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VFF | Hot Stocks07:08 EDT Village Farms acquires remaining equity ownership interest in Leli Holland - Village Farms International announced that it has acquired the remaining equity ownership interest in Leli Holland. This transaction increased Village Farms' equity ownership in Leli to 100 percent from 85 percent. "We are thrilled to complete this transaction as we believe the Dutch market represents one of the most attractive limited-license cannabis market opportunities across the entire globe," said Michael DeGiglio, President and Chief Executive Officer, Village Farms International. "After decades of tolerating the unintended consequences of a backdoor decriminalisation policy, the new Dutch program represents an historic evolution of regulations that make it the first major European country to permit legal recreational cannabis operations. We have been very impressed by the Dutch government's thoughtful implementation of this program, and applaud them for an excellent job done to help ensure a successful launch."
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VSH | Hot Stocks07:07 EDT Vishay to close three manufacturing facilities, reduce workforce - Vishay Intertechnology announced that it is implementing restructuring actions designed to optimize the Company's manufacturing footprint and streamline business decision making as it executes its Vishay 3.0 growth strategy. The restructuring actions will be implemented in phases and include: Selling, general, and administrative functions will be streamlined beginning immediately and through 4Q 2025, resulting in severance payments to approximately 170 employees, or 6% of the SG&A workforce. The closure of three manufacturing facilities. A Diodes segment back-end facility in Shanghai, China is expected to be closed by the end of 2026 with production transfers completed in phases beginning 4Q 2025. In addition, two small facilities in the Resistors segment in Fichtelberg, Germany, and in Milwaukee, Wisconsin, are expected to be closed in 2026. As a result of these facility closures, Vishay will reduce its direct labor by approximately 365 employees, or 2% of its total manufacturing labor workforce. Various changes in manufacturing operations and production transfers, which will result in severance payments to approximately 260 employees. The Company expects to incur pre-tax cash charges of approximately $38 to $42 million, primarily related to severance costs as a result of these programs, mostly in 3Q 2024. Once the program is fully implemented by the end of 2026, Vishay expects to realize annualized cost savings of at least $23 million of which approximately $12 million is expected to be in selling, general and administration expenses. The Company expects to realize immediate annualized cost savings of approximately $9 million. Beginning 1Q 2025, the Company expects to realize approximately $12 million in annualized cost savings.
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TDY | Hot Stocks07:07 EDT Teledyne FLIR Defense gets two five-year requirements contracts with $47M worth - Teledyne FLIR Defense, part of Teledyne Technologies Incorporated announced that it has received two five-year requirements contracts worth up to $47M in total to provide and support nearly its entire range of ground robots to the United States government. The contracts were awarded by the U.S. Army Contracting Command in Detroit and will be administered by the Robot Logistics Support Center...The first contract, valued at up to $32M, will support sustainment of the Man-Transportable Robotic System and Common Robotic Systems-Heavy fielded robots. This contract is available to all Department of Defense units and includes spares and repair services. The second contract, valued at up to $15M, will support sustainment of the FLIR Defense FirstLook 110, SUGV 310, PackBot and Kobra 725 ground robots. This contract is available to all U.S. government agencies and includes the purchase of all robotic systems listed as well as training to fulfill foreign military sales and customer requirements for robots, training or parts.
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TRDA | Hot Stocks07:07 EDT Entrada promotes Sethuraman to President of Research, Development - Entrada Therapeutics announced that Natarajan Sethuraman, PhD, currently its Chief Scientific Officer, has been promoted to President of Research and Development, effective immediately. Sethuraman joined Entrada Therapeutics as Chief Scientific Officer in 2017
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WBD... | Hot Stocks07:06 EDT Warner Bros. Discovery, Google Cloud deploy AI-powered captioning solution - Warner Bros. Discovery (WBD) and Google Cloud (GOOG, GOOGL) announced the deployment of a new, AI-powered captioning solution in the United States that utilizes Google Cloud's Vertex AI platform. Initially being applied to unscripted programming, this captioning solution's innovative technology is transforming the way Warner Bros. Discovery can create and deliver captions, significantly reducing production time and costs, while enhancing the quality of its captioning for domestic viewers. Captioning has traditionally been a labor-intensive and time-consuming process. To maintain high levels of accuracy, Warner Bros Discovery's captioning solution incorporates a workflow that utilizes Google Cloud's Vertex AI platform to optimize captioning, coupled with human-oversight for quality assurance. This data-driven approach enables Warner Bros. Discovery to continuously refine and train the caption AI workflow, further reducing errors and striving to deliver consistently precise captions.
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ACXP | Hot Stocks07:06 EDT Acurx announces results of Phase 2 ibezapolstat trial in C. difficile Infection - Acurx Pharmaceuticals announced results from its research with ibezapolstat in collaboration with Leiden University Medical Center. Ibezapolstat is the company's lead antibiotic candidate planning to advance to international Phase 3 clinical trials to treat patients with C. difficile Infection, or CDI. Results feature high-resolution elucidation of interaction of ibezapolstat with its molecular target . Mechanistic findings explain ibezapolstat's properties of lacking cross resistance with other antibiotics and not fostering the emergence of Enterococcus, including vancomycin-resistant strains, a unique differentiation among anti-CDI antibiotics. Acurx previously had a successful FDA End-of-Phase 2 Meeting and Phase 3 Readiness for ibezapolstat for treatment of CDI. Agreement with FDA was reached on key elements to move forward with its international Phase 3 clinical trial program and the complete development plan for filing of an NDA for marketing approval. Planning continues to advance ibezapolstat into international Phase 3 clinical trials for treatment of CDI. Acurx is also now preparing to submit requests for regulatory guidance to initiate clinical trials in the EU, the U.K., Japan and Canada. Key elements for the two Phase 3, non-inferiority, pivotal trials were confirmed and included agreement with FDA on the protocol design, patient population, primary and secondary endpoints, and size of the registration safety database. The research outcome is intended to accelerate lead product candidate selection for Acurx's pre-clinical program for other WHO, CDC and FDA high-priority, multi-drug resistant Gram-positive pathogens where new classes of antibiotics are needed.
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FANG KNTK | Hot Stocks07:05 EDT Diamondback Energy, Kinetik Holdings acquire 30% equity interest in EPIC Crude - Diamondback Energy (FANG), Kinetik Holdings (KNTK) and EPIC Midstream, announced a series of transactions to support the continued growth and strengthened financial profile of EPIC Crude Holdings, an affiliate of EPIC Midstream, including: Diamondback and Kinetik acquired a 30% equity interest in EPIC Crude. The partners now each own 27.5% of EPIC Crude. EPIC Midstream continues to own a 45% equity interest in and manage the operations of EPIC Crude. Diamondback is converting its existing commitment on EPIC Crude into a significantly larger volume commitment of 200 MBpd to accommodate additional crude barrels from Diamondback's newly completed merger with Endeavor Energy Resources. As a result of that merger, Diamondback is the third largest crude producer in the Permian Basin. Kinetik is also entering into a new transportation arrangement with EPIC Crude and a new connection between Kinetik's crude gathering system and the EPIC Crude pipeline. The combined long-term volume commitments from the partners are expected to commence in 2025 and extend until 2035, fully supported by minimum volume commitments and representing over 33% of EPIC Crude's volume capacity. EPIC Crude and its partners are continuing to focus on reducing controllable costs and enhancing financial returns which will further maximize value for all stakeholders of EPIC Crude. Taken together, these actions will position EPIC Crude for long-term success while increasing its long-term strategic alignment with Diamondback and Kinetik. EPIC Crude continues to transport more than 600 MBpd and has secured MVCs or contracts for approximately 90% of 2025 total volumes while substantially extending the weighted average contract life. EPIC Crude's differentiated strategy helps its customers gain access to all markets and docks in Corpus Christi, in addition to the Dated Brent market through the EPIC dock.
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FANG KNTK | Hot Stocks07:05 EDT Diamondback Energy, Kinetik, EPIC announce transformative transactions - Diamondback Energy (FANG), Kinetik Holdings (KNTK), and EPIC Midstream announced a series of transactions to support the continued growth and strengthened financial profile of EPIC Crude Holdings, an affiliate of EPIC Midstream, including: Diamondback and Kinetik acquired a 30% equity interest in EPIC Crude. The Partners now each own 27.5% of EPIC Crude. EPIC Midstream continues to own a 45% equity interest in and manage the operations of EPIC Crude. Diamondback is converting its existing commitment on EPIC Crude into a significantly larger volume commitment of 200 MBpd to accommodate additional crude barrels from Diamondback's newly completed merger with Endeavor Energy Resources. As a result of that merger, Diamondback is the third largest crude producer in the Permian Basin. Kinetik is also entering into a new transportation arrangement with EPIC Crude and a new connection between Kinetik's crude gathering system and the EPIC Crude pipeline. The combined long-term volume commitments from the Partners are expected to commence in 2025 and extend until 2035, fully supported by minimum volume commitments and representing over 33% of EPIC Crude's volume capacity. EPIC Crude and its Partners are continuing to focus on reducing controllable costs and enhancing financial returns which will further maximize value for all stakeholders of EPIC Crude. Taken together, these actions will position EPIC Crude for long-term success while increasing its long-term strategic alignment with Diamondback and Kinetik.
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DNA | Hot Stocks07:04 EDT Ginkgo Bioworks announces partnership with NOVUS International - Ginkgo Bioworks announced its new partnership with NOVUS International, an innovator and leader in intelligent nutrition, to develop advanced feed additives designed to meet the evolving needs of the animal agriculture industry. By utilizing Ginkgo Enzyme Services, NOVUS will work with Ginkgo to build more efficient enzymes that can be produced cost-effectively. With the agricultural sector facing heightened volatility, including rising feed costs and tightening margins, NOVUS is committed to supporting its customers by optimizing the health and performance of livestock. This partnership aims to bring cutting-edge technologies to market, enhancing the sustainability and efficiency of animal production systems. These innovations are intended to improve the overall well-being of chickens, pigs, and cows, thereby supporting producers in delivering nutritious and affordable animal products to consumers.
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FAAS | Hot Stocks07:03 EDT PayMate enters binding term sheet for potential DigiAsia acquisition - PayMate India has entered into a binding term sheet for the potential acquisition of DigiAsia Bios, a Fintech-as-a-Service company in Indonesia and a fully owned subsidiary of DigiAsia Corporation. Under the terms of the Proposed Transaction, an enterprise valuation of $400 Million for DigiAsia's business has been determined. Additionally, post the Proposed Transaction, PayMate intends to invest up to $25 Million in cash, the aggregate financing structure and terms will be finalized in mutual agreement. PayMate and DigiAsia will continue joint due diligence on both entities, identification of the right transaction structure, entering into definitive agreements and the necessary corporate and regulatory approvals of PayMate and DigiAsia which is expected to take up to 60 days. Subsequent to the closing of the Proposed Transaction, PayMate intends to initiate proceedings to list the combined entity in India.
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BEP | Hot Stocks06:58 EDT Brookfield Renewable Partners selling Saeta to Masdar for $1.4B - Brookfield Renewable Partners announced the proposed sale of Saeta Yield to the UAE's Masdar, a clean energy company, for an implied enterprise value of c. $1.4B. Closing of the transaction is subject to customary approvals and is expected to occur around the end of 2024. Saeta is an independent developer, owner and operator of renewable power assets with capabilities across the entire value-chain. The transaction consists of a portfolio of 745 MW of predominantly wind assets and includes a 1.6 GW development pipeline. The transaction excludes a regulated portfolio of 350 MW of concentrated solar power assets, which Brookfield will retain and continue to operate.
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AZO | Hot Stocks06:56 EDT AutoZone opened 68 new stores in the U.S in Q4 - During the quarter ended August 31, 2024, AutoZone opened 68 new stores in the U.S., 31 in Mexico and 18 in Brazil for a total of 117 new stores. For the fiscal year, the Company opened 213 net new stores. As of August 31, 2024, the Company had 6,432 stores in the U.S., 794 in Mexico and 127 in Brazil for a total store count of 7,353.
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CTM | Hot Stocks06:47 EDT Castellum and protege Epic Systems awarded $4.1M contract by NSF - Castellum, teaming with its protege Epic Systems, announced that a new $4.1M contract award with the National Science Foundation - NSF - supporting NSF's Administrative Services Help Desk was awarded to Epic. Castellum's subsidiary, Corvus Consulting, will have a 49% work share on the contract.
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GSK | Hot Stocks06:35 EDT GSK's Menveo vaccine receives positive European CHMP opinion - GSK announced that the European Medicine Agency's, EMA, Committee for Medicinal Products for Human Use, CHMP, has recommended for use a single-vial, fully liquid presentation of Menveo to help protect against invasive meningococcal disease, IMD, caused by bacterial groups A, C, W, and Y. Marketing authorization in EU expected by November 2024. Over 6 million doses of GSK's MenACWY vaccine have been distributed to European countries since 2017 to help protect against invasive meningococcal disease
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MTAL | Hot Stocks06:31 EDT Metals Acquisition announces proposed name change - MAC further advises that it is proposing to include a special resolution in the Notice of Meeting to seek shareholder approval to change the company name from "Metals Acquisition Limited" to "MAC Copper Limited". "The change of company name better reflects the business activities of the company as we continue toward being the next high quality copper miner of scale. We are very excited for the future of MAC Copper Limited."
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MAR SCHYY | Hot Stocks06:08 EDT Marriott, Sands China to open Londoner Grand in Macao - Marriott (MAR) and Sands China (SCHYY) are set to debut The Luxury Collection brand to the market. Anticipated to open in January 2025, Londoner Grand, a Luxury Collection Hotel, Macao is poised to cater to travelers.
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ARLO | Hot Stocks06:06 EDT Arlo Technologies adopts stock repurchase program - Arlo Technologies has approved the repurchase of up to an aggregate of $50M of shares of its common stock through open market purchases in a manner deemed to be in the best interests of the company and its stockholders. The repurchase program is expected to continue through December 31, 2026 unless extended or shortened by the Board of Directors.
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KBR | Hot Stocks06:05 EDT KBR awarded $113M Air Force task order - KBR announced it has been awarded an estimated $113M task order to perform aeronautical systems research, development, test and evaluation for the Air Force Life Cycle Management Center Mobility Directorate at Wright-Patterson Air Force Base, Ohio over a period of five years. KBR was awarded this contract under the Department of Defense Information Analysis Center's multiple-award contract vehicle. These IAC MAC task orders are awarded by the U.S. Air Force's 774th Enterprise Sourcing Squadron to develop and create new knowledge for the enhancement of the DTIC repository and the R&D and S&T community. Under the terms of this new contract, KBR will provide program management analysis, engineering, logistics analysis, security and cybersecurity analysis, test and evaluation and administrative analysis. The team will review, update, create and coordinate various program-related products and documents necessary for the development and life cycle management of the Future Tankers Program Office. This work will inform programs such as Next Generation Air-refueling System development and the future recapitalization of legacy tanker aircraft mission systems.
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REVB | Hot Stocks06:03 EDT Revelation Biosciences' Gemini induces significant increases in IL-10 - Revelation Biosciences announced statistically significant, dose dependent increases of interleukin-10, or IL-10, in response to Gemini treatment, using a high sensitivity analysis. This additional positive data follows the positive topline data from the Phase 1 clinical study of Gemini released on June 24. It was found that Gemini induced statistically significant, dose dependent changes in circulatory IL-10 at 2 hours post-dose, with a p-value of less than 0.05 or greater, at each of the low, mid, and high dose levels. The change in IL-10 observed for treatment groups relative to placebo, were a 27-fold increase, 162-fold increase, and 309-fold increase for the low, mid, and high dose groups, respectively. IL-10 is a potent anti-inflammatory protein that downregulates pro-inflammatory cytokines and is an active contributor to initiating reduction of inflammation. The observed increase of IL-10 in humans is consistent with prior preclinical studies. This demonstrates the potential for Gemini in target indications, including prevention of AKI following cardiac surgery.
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LLY | Hot Stocks06:03 EDT Eli Lilly announces Japan MHLW approval for Kisunla - The Ministry of Health, Labour and Welfare Japan has approved Kisunla, Eli Lilly's Alzheimer's treatment for adults with early symptomatic Alzheimer's disease, or AD, which includes people with mild cognitive impairment as well as people with the mild dementia stage of AD, with confirmed amyloid pathology.
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CPRX | Hot Stocks06:02 EDT Catalyst Pharmaceuticals: DyDo approved to commercialize FIRDAPSE in Japan - Catalyst Pharmaceuticals announced that its sub-licensee in Japan, DyDo Pharma, has reported that the Ministry of Health, Labor and Welfare of Japan has approved DyDo's New Drug Application to commercialize FIRDAPSE Tablets 10 mg for treatment of patients with Lambert-Eaton Myasthenic Syndrome in Japan. This approval marks a pivotal advancement in the treatment of LEMS, a rare autoimmune disorder that can severely impact quality of life and represents a significant step forward in addressing the unmet needs of patients affected by LEMS in Japan.
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GBNY | Hot Stocks05:53 EDT Generations Bancorp NY to delist stock from Nasdaq - Generations Bancorp NY announced its voluntary decision to delist its common stock from Nasdaq and its intent to deregister its common stock with the SEC. The company has notified Nasdaq of its intent to voluntarily delist and withdraw the registration of its common stock with the SEC. The company intends to file a Form 25 with the SEC on October 4 and expects the last trading day of the company's common stock on Nasdaq will be on October 4. Following delisting from Nasdaq, the company expects its common stock will be quoted on the OTCQX Market beginning on October 7.
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DUOL | Hot Stocks05:44 EDT Duolingo announces new innovations at Duocon 2024 - Duolingo announced product innovations at its annual conference, Duocon 2024. These new features-Video Call and Adventures-demonstrate Duolingo's commitment to leveraging AI. The company also emphasizes its investment in music education by announcing its partnership with Loog, musical instruments brand for beginners, and hosts a wide-ranging conversation with Jon Batiste. Duolingo's new Video Call feature allows Duolingo Max subscribers to engage in spontaneous, realistic conversations with Lily, one of Duolingo's most popular characters. The technology behind Video Call is designed to simulate natural dialogue and provides a personalized, interactive practice environment. Duolingo will also unveil Adventures, an exploration game-like experience. For the first time, users can explore dynamic settings and storylines, interacting with characters like Oscar and Lily in a fully realized Duolingo universe. To expand its Music course capabilities, Duolingo is announcing a partnership with Loog, a portable instrument manufacturer, to create a compact and portable digital piano designed for the Duolingo Music course.
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BIIB | Hot Stocks05:40 EDT UCB, Biogen announce topline results from PHOENYCS GO study - UCB and Biogen announced topline results from the Phase 3 PHOENYCS GO study evaluating dapirolizumab pegol, a novel Fc-free anti-CD40L drug candidate, in people living with moderate-to-severe systemic lupus erythematosus, or SLE. Dapirolizumab pegol, in addition to standard-of-care, or SOC, treatment, met the primary endpoint to demonstrate greater improvement of moderate-to-severe disease activity as assessed by achievement of British Isles Lupus Assessment Group, or BILAG-based Composite Lupus Assessment, or BICLA, after 48 weeks versus placebo in addition to SOC. Clinical improvements were observed among key secondary endpoints measuring disease activity and flares. The safety profile of dapirolizumab pegol was generally consistent with previous studies and with that expected in study participants with systemic lupus erythematosus receiving an immunomodulator. Based on the successful outcome of the PHOENYCS GO study, UCB and Biogen are initiating a second Phase 3 trial of dapirolizumab pegol in 2024, PHOENYCS FLY. Participants from the PHOENYCS GO study will continue to be followed in a long-term open-label study. PHOENYCS GO is a multicenter, randomized, double-blind, placebo-controlled, parallel-group study of dapirolizumab pegol as an add on therapy to standard of care compared to placebo with standard of care. The primary outcome measure was improvement of moderate-to-severe disease activity at Week 48 using BICLA, an established, composite primary efficacy endpoint for measurement of clinical disease activity based on patient medical history, clinical examination and laboratory tests. Detailed results from the PHOENYCS GO study will be presented at an upcoming medical congress.
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CRH | Hot Stocks05:36 EDT CRH CEO Albert Manifold to retire, CFO Jim Mintern to succeed - CRH announced that Albert Manifold has decided to retire as CEO at the end of 2024 and that he is to be succeeded by Jim Mintern. Mintern is currently CRH's CFO and has been a director of its board since June 2021. Manifold has held varied responsibilities with CRH since he joined in 1998. He was appointed CEO in January 2014. Manifold will step down from the board and relinquish his executive responsibilities on December 31. He will continue as an advisor to CRH for a further 12 months.
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ALPMY | Hot Stocks05:34 EDT Astellas Pharma announces Japan MHLW approval of Padcev with Keytruda - Astellas Pharma (ALPMY) announced that Japan's Ministry of Health, Labour and Welfare, or MHLW, has approved Padcev with Merck's (MRK) Keytruda as a combination therapy for the first-line treatment of adult patients with radically unresectable urothelial carcinoma. This is the first approved combination treatment for radically unresectable urothelial cancer in Japan to offer an alternative to platinum-containing chemotherapy, the current standard of care for first-line treatment.
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HCM | Hot Stocks05:31 EDT Hutchmed, Takeda receive Japan MHLW approval to manufacture and market Fruzaqla - Hutchmed (HCM) announced that its partner Takeda (TAK) has received approval from the Japanese Ministry of Health, Labour and Welfare, or MHLW, to manufacture and market Fruzaqla for previously treated metastatic colorectal cancer, or CRC. Fruzaqla is the first novel targeted therapy in Japan to be approved for metastatic CRC, regardless of biomarker status, in over a decade. Fruzaqla has been approved for the treatment of advanced or recurrent CRC that is neither curable nor resectable and that has progressed after chemotherapy.
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NOK | Hot Stocks05:28 EDT Nokia selected by Spark New Zealand to expand 4G, 5G program in New Zealand - Nokia announced that it has been selected by Spark New Zealand to expand its existing 4G and 5G program in cities across New Zealand. Spark has chosen Nokia as its preferred 5G Radio Access Network partner to streamline operations and consolidate its RAN. This strategic decision will simplify network operations while delivering the 5G network in New Zealand. Under the deal, covering over 700 sites, Nokia will provide equipment from its 5G AirScale portfolio. This includes baseband, remote radio heads, and massive MIMO radios, offering 5G capacity, coverage, and connectivity. These solutions utilize Nokia's energy-efficient ReefShark System-on-Chip technology, delivering superior capacity and connectivity to Spark customers while reducing complexity and improving cost efficiencies.
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NOK | Hot Stocks05:26 EDT Nokia partners with ZCorum to develop DPA application - Nokia announced that it has partnered with ZCorum, a provider of diagnostics and managed services for broadband providers, to develop a DOCSIS Provisioning Adapter, or DPA, application. The DPA solution will allow cable operators to use their existing DOCSIS-based provisioning system to provision an Optical Network Terminal and subscriber services on an ITU-based Passive Optical Network. The Nokia DPA application is expected to be available for lab trials by the end of 2024. When broadly introduced, the Nokia DPA will be offered through the Nokia Altiplano Marketplace.
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ULS | Hot Stocks05:23 EDT UL Solutions announces certification on Europe of Alpitronic fast EV charger - UL Solutions announced its first certification in Europe of a fast EV charger made by Alpitronic. The Alpitronic HYC400 is the first 400-kilowatt system to achieve UL certification from UL Solutions in Europe to UL 2202, the Standard for DC Charging Equipment for Electric Vehicles, a U.S. scheme, that marks Alpitronic's formal entry into the North American market.
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BAM BEP | Hot Stocks05:20 EDT Brookfield Asset Management to sell 25% stake in First Hydro - CDPQ announced it has entered into an agreement with Brookfield Asset Management (BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (BEP), to acquire its 25% stake in First Hydro Company, an electricity generation and storage facility in the United Kingdom. Engie is the majority shareholder who owns the remaining 75% of the company. Responsible for the management and operation of two power plants at Dinorwig and Ffestiniog in the Snowdonia region of Wales, First Hydro offers a capacity of more than 2,000 MW, representing 76% of the total pumped hydro storage in the United Kingdom. Financial close is expected by end of 2024, subject to customary closing conditions and relevant consents and approval.
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CPAY | Hot Stocks05:16 EDT Corpay named official foreign exchange supplier of Everton FC - Corpay announced that Corpay's cross-border business has entered into an agreement with Everton FC, one of the founding members of the Premier League to become their official foreign exchange supplier. Through this partnership, Everton will be able to utilize Corpay Cross Border's solutions to help mitigate foreign exchange exposure from their day-to-day business needs.
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GBNY | Hot Stocks05:14 EDT ESL Federal Credit to acquire Generations Bank for $26.2M in cash - ESL Federal Credit Union, Generations Bank and its parent company Generations Bancorp NY (GBNY) announced that they have entered into a definitive purchase and assumption agreement whereby ESL Federal Credit Union will acquire substantially all of the assets and liabilities of Generations Bank in an all-cash transaction. As consideration for the P&A transaction, ESL Federal Credit Union will pay Generations $26.2M in cash and Generations Bank will retain its equity at the effective time of the P&A Transaction, less certain reductions and additions. The agreement was unanimously approved by the boards of directors of ESL Federal Credit Union and Generations. The P&A transaction is expected to close late in the second quarter or in the third quarter of 2025, subject to receiving all regulatory approvals, approval by Generations Bancorp's shareholders and other customary closing conditions. Following the completion of the P&A transaction and after all of the respective obligations of Generations Bancorp and Generations Bank are settled or otherwise accounted for, Generations Bank will liquidate and Generation Bancorp will distribute its assets to its shareholders, likely in two separate payments as described herein. Generations Bancorp's shareholders are currently estimated to receive an aggregate of between $18.00 and $20.00 in cash in exchange for each share of Generations Bancorp common stock owned. It is expected that the per share consideration will be distributed in two payments with the substantial majority of the total per share consideration expected to be distributed within six to nine months following the closing of the P&A Transaction, and the balance of the per share consideration to be distributed six to nine months after the first payment. Currently, Generations Bancorp has 2,241,801 outstanding shares of common stock. The per share consideration is subject to significant variation based on various factors including Generations Bank's equity at closing; the amount of the corporate taxation including the use of any tax loss carryforwards to be used by Generations Bancorp; the regulatory treatment and costs associated with the liquidation accounts of Generations which would be expected to be paid out to eligible depositors of Generations Bank; expenses associated with the termination of Generations' defined benefit plans; the amount of cash held by Generations Bancorp at the closing; costs related to the dissolution and the distribution of Generations Bancorp's remaining assets to shareholders; and Generations Bancorp's future operating results. Based on these factors, investors should not assume that the ultimate per share consideration to shareholders will be within the range set forth above. Pursuant to the liquidation accounts established by Generations at the time of its second-step conversion, it is expected that eligible depositors as of the date of the second-step conversion who continued to have eligible deposits as of each year end between the closing of the second-step conversion and through the year end prior to the closing of the P&A Transaction could have the right to receive a liquidation account payment.
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