Stockwinners Market Radar for October 01, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ORCL NVDA | Hot Stocks21:08 EDT Oracle to invest over $6.5B in AI, cloud servies in Malaysia - The company stated: "To meet the rapidly growing demand for its artificial intelligence and cloud services in Malaysia, Oracle (ORCL) announced plans to invest more than $6.5B to open a public cloud region in the country. The upcoming cloud region will enable Oracle customers and partners in Malaysia to leverage AI infrastructure and services and migrate mission-critical workloads to Oracle Cloud Infrastructure. The planned public cloud region will help organizations in Malaysia modernize their applications, migrate all types of workloads to the cloud, and innovate with data, analytics, and AI. Customers can have access to OCI Generative AI Agents with retrieval-augmented generation capabilities; accelerated computing and generative AI services to help keep sovereign AI models within country borders; and OCI Supercluster, the largest AI supercomputer in the cloud-orderable with up to 131,072 NVIDIA (NVDA) Blackwell GPUs with NVIDIA ConnectX-7 NICs for RoCEv2 networking or NVIDIA GB200 NVL72 rack solutions using liquid cooling and NVIDIA Quantum-2 InfiniBand networking. In addition, 150+ services, including Oracle Autonomous Database, HeatWave MySQL Database Service, Oracle Cloud VMware Solution, OCI Kubernetes Engine, and Oracle Fusion Cloud Applications Suite will also be available, offering customers infrastructure, platform, or SaaS services."
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DDD | Hot Stocks20:09 EDT Cathie Wood's ARK Investment buys 98.6K shares of 3D Systems today
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BLDE | Hot Stocks20:08 EDT Cathie Wood's ARK Investment buys 44K shares of Blade Air Mobility today
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ADTX | Hot Stocks19:50 EDT ADiTx Therapeutics trading halted, news pending
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SOBR | Hot Stocks19:50 EDT Sobr Safe Inc trading halted, news pending
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AREB | Hot Stocks19:50 EDT American Rebel Holdings Inc trading halted, news pending
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GDOT | Hot Stocks19:48 EDT Topline Capital buys $2.4M in Green Dot common stock - In a regulatory filing, Green Dot disclosed that major holder Topline Capital bought 199K shares of common stock on September 23rd in a total transaction size of $2.4M. Shares of Green Dot were up 1.7% afterhours at $11.21.
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ALGN | Hot Stocks19:00 EDT Align says court grants preliminary approval over derivative litigation - Align Technology announced that the U.S. District Court for the Northern District of California has granted preliminary approval of a settlement to resolve shareholder derivative litigation that has been pending since 2019. Under the terms of the settlement, plaintiffs will dismiss the lawsuits and release their claims. Align and the defendants deny any wrongdoing and are not making any monetary payments, other than a potential award of $575,000 in attorney's fees to plaintiffs' counsel, covered by insurance. A notice approved by the court regarding the settlement is attached.
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SMC | Hot Stocks17:38 EDT Tailwater announces sale of Tall Oak Midstream Operating to Summit Midstream - Tailwater Capital announced that it has entered into definitive agreements with Summit Midstream Corporation and its wholly owned subsidiary Summit Midstream Partners, whereby Summit will acquire Tall Oak Midstream Operating, and its subsidiaries for a total consideration of approximately $450M. Consideration is comprised of $155Min cash, approximately 7.5 million shares of a combination of SMC Class B common stock and common units of the Partnership, representing approximately 40% ownership in the pro forma company, and up to $25M contingent consideration in cash over certain measurement periods through March 31, 2026. The transaction is expected to close in the Q4, subject to customary closing conditions, shareholder approval and regulatory approvals. Upon closing, four directors appointed by Tailwater Capital will serve on the pro forma Summit Board. TPH&Co., the energy business of Perella Weinberg Partners, served as exclusive financial advisor to Tailwater Capital. Kirkland & Ellis served as legal advisor to Tall Oak Midstream and Tailwater Capital. Guggenheim Securities, served as financial advisor and Locke Lord served as legal advisor to Summit.
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LW | Hot Stocks17:35 EDT Lamb Weston down 3% at $63.07 after Q1 results, FY25 EPS guidance cut
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LW | Hot Stocks17:35 EDT Lamb Weston implements restructuring plan, curtailment of production lines - The company states: "The Company is implementing a restructuring plan that is designed to drive operational and cost efficiencies and improve cash flows, while positioning the Company to continue to make strategic investments to drive long-term value for its stakeholders. The Restructuring Plan includes: The permanent closure of the Company's manufacturing facility in Connell, Washington, effective October 1, 2024; The temporary curtailment of certain production lines and schedules across its manufacturing network in North America; A reduction in operating expenses, including headcount reductions approximating 4% of the Company's global workforce and the elimination of certain unfilled job positions; and A $100 million reduction in fiscal 2025 capital expenditures to $750 million from the Company's previous estimate of $850 million. The Company estimates that the Restructuring Plan will generate approximately $55 million in pre-tax cost savings and a reduction in working capital in fiscal 2025. The estimated savings and improvements in cash flow have been reflected in the Company's updated fiscal 2025 financial targets. In connection with the Restructuring Plan, the Company expects to record total estimated pre-tax charges of $200 million to $250 million, of which the Company estimates that approximately 80 percent will be cash and 20 percent will be non-cash. The charges primarily relate to the cost of contracted raw potatoes that will not be used due to production line curtailments, accelerating depreciation of assets, the write-down of inventory and long-lived assets, employee severance and other one-time termination benefits, and other costs. The Company expects to record most of the pre-tax charges in the second quarter of fiscal 2025, with the remainder expected to be recorded during the second half of fiscal 2025."
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CRGY PRFT | Hot Stocks17:23 EDT Crescent Energy to replace Perficient in the S&P 600 at open on 10/4 - Crescent Energy Co. (CRGY) will replace Perficient (PRFT) in the S&P SmallCap 600 effective prior to the opening of trading on Friday, October 4. EQT Group is acquiring Perficient in a deal expected to close soon pending final conditions.
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NKE | Hot Stocks17:22 EDT Nike extending decline to 6% as company withdraws guidance
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SMC | Hot Stocks17:07 EDT Summit Midstream to acquire Tall Oak Midstream for $155M upfront, 7.5M in shares - Summit Midstream announced that it and its wholly owned subsidiary, Summit Midstream Partners, have entered into definitive agreements to acquire Tall Oak Midstream Operating and its subsidiaries from an affiliate of Tailwater Capital for a mix of cash and equity consideration. The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions, shareholder approval and regulatory approvals. With an anticipated $250M in combined pro forma adjusted EBITDA for 2024 and 3.8x expected leverage at closing, Summit said it is now positioned with more scale, higher free cash flow generation and lower pro forma leverage that it believes will enable the company to consider returning capital to shareholders for example, through preferred dividends, common dividends and/or share buybacks starting in 2025. Pursuant to the terms of the definitive agreements, Summit will acquire 100% of the membership interest in Tall Oak Midstream for $155 million upfront cash consideration, expected to be financed through Summit's credit facility, and approximately 7.5 million shares of a combination of SMC Class B common stock and a corresponding number of common units of the Partnership (in an Up-C structure), representing approximately 40% ownership in the pro forma Company. The Class B common stock and Partnership common units are convertible, at Tailwater's election, into SMC common stock on a 1-for-1 basis. In addition, Summit will pay $25 million contingent consideration in cash over certain measurement periods through March 31, 2026. On a pro forma basis, Tailwater Capital will own approximately 35% interest with a non-Tailwater controlled entity owning an approximately 5%5 interest. The Summit stock held by Tailwater Capital will be subject to a lock-up period of at least one year. At close, four directors appointed by Tailwater Capital will serve on the pro forma Summit Board, along with SMC's existing board members and CEO.
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CAE | Hot Stocks17:02 EDT CAE awarded contract from SkyAlyne - CAE announced that it has signed a 25-year sub-contract valued at approximately $1.7B from SkyAlyne, a joint venture between CAE and KF Aerospace, to provide the Royal Canadian Air Force, or RCAF, with modern, state-of-the-art pilot training. As a major subcontractor to the Future Air Crew Training, or FAcT, program, CAE will deliver over the course of the contract term comprehensive aircrew training including live flying, simulation, and ground school training. This will extend CAE's long-standing presence at 15 Wing Moose Jaw where CAE currently operates the NATO Flying Training in Canada, or NFTC, program. As part of this sub-contract, CAE will initially develop and deliver a range of simulators and training devices to be installed in Moose Jaw, Saskatchewan and at Southport, Manitoba for the various aircraft fleets being procured for the RCAF under the FAcT program. These training devices are expected to be delivered over the next 5 years. In addition to this initial approximately $1.7B sub-contract, CAE is also expected to sign a follow-on order in the near term involving sustainment-related in-service support services.
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VCIG | Hot Stocks17:01 EDT VCI Global secures additional $30M investment from Alumni Capital - VCI Global "announced a new investment commitment of US$30 million from Alumni Capital LP. Following an earlier investment of US$5 million from Alumni Capital, this additional US$30 million, in exchange for VCI Global common shares, will reinforce VCI Global's strategic push into its AI cloud computing business, particularly for its planned developments in the second quarter of 2025. VCI Global retains the right, but is not obligated, to draw on this amount, providing the Company with the flexibility to access the funds as needed, while preserving the option to forgo the drawdown if other resources become available or conditions change."
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KIM | Hot Stocks16:42 EDT Kimco Realty acquires Waterford Lakes Town Center in Orlando for $322M - Kimco Realty announced the acquisition of Waterford Lakes Town Center, a 976,000-square-foot signature asset spanning 79 acres in Orlando, Florida for $322M, including the assumption of a $164M mortgage. The property, which is approximately 99% occupied, features a high-quality tenant mix that combines lifestyle and entertainment uses with essential goods and services. Located in Orlando's upscale West University submarket, Waterford Lakes Town Center sits three miles south of the University of Central Florida, which is the largest university by enrollment in Florida with approximately 70,000 students. The shopping center serves an extensive trade area, with an estimated population of over 228,000 and an average household income of $111,000 within a five-mile radius, and situated in one of the fastest-growing metro areas in the U.S. With the acquisition of Waterford Lakes, Kimco's total acquisition activity, including structured investments, has surpassed $560M for the year. Accordingly, the company raises total acquisitions & structured investments combined to $565M-$625M or 8.0%-8.25% to $300M-$350M or 7.0% to 8.0%. The company will provide a full update to its 2024 guidance and related assumptions when it reports third-quarter earnings on October 31.
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NKE | Hot Stocks16:36 EDT Nike down 3% at $86.40 following Q1 results
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NKE | Hot Stocks16:35 EDT Nike reports Q1 inventories down 5% at $8.3B - Reports Q1 gross margin up 120bps at 45.4%. Reports Q1 NIKE Brand Revenues $11.1B, down 10% on a reported basis and down 9% on a currency-neutral basis, "due to declines across all geographies". NIKE Q1 Direct revenues were $4.7B , down 13% on a reported basis and down 12% on a currency-neutral basis, primarily due to a 20% decrease in NIKE Brand Digital, partially offset by a 1% increase in NIKE-owned stores. Wholesale revenues were $6.4B, down 8% on a reported basis and down 7% on a currency-neutral basis.
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CMC | Hot Stocks16:31 EDT Commercial Metals appoints Kekin Ghelani as Chief Strategy Officer - Commercial Metals announced that the Board of Directors of the Company appointed Kekin Ghelani to serve as the Company's Senior Vice President, Chief Strategy Officer, effective October 1. In this role, Chief Strategy Officer, Ghelani will be responsible for guiding the strategic direction of the Company, driving long-term growth and M&A activity, leading integration efforts following future acquisitions, and ensuring alignment across all lines of business to support CMC's dynamic and competitive goals. Ghelani previously served as the Chief Strategy and Growth Officer of Summit Materials, Inc. from May 2022 to August 2024, after serving as Vice President of Strategy, Growth and Ventures of the Water & Protection business unit of DuPont de Nemours, Inc. from 2019 to 2022. From 2013 to 2019, Ghelani held roles of increasing responsibility at Celanese Corporation.
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AVAV | Hot Stocks16:31 EDT AeroVironment successfully flight tests new solar-powered aircraft - The company states: "AeroVironment flight-tested an upgraded Sunglider, enhancing its High-Altitude Platform-Station capabilities for commercial and government markets. The result is Horus A, the new version of Sunglider for government applications. Horus A is a solar-powered UAS capable of carrying up to 150 lb of payload with 1.5 kW of available power, offering industry-leading stratospheric performance. Horus A features enhancements in all areas of the aircraft design, avionics, and offers unique features such as additional autonomy to increase mission flexibility and multiple redundant systems for mission assurance. Horus A received airworthiness approval from the U.S. Army and an FAA Special Airworthiness Certificate to allow flight testing in the national airspace. These enhancements flow back into the continued development of Sunglider with SoftBank as both companies strive to deliver unrivaled payload capacity and persistence to unlock the full potential of both stratospheric flight and the latest, most capable payloads. "
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CACI | Hot Stocks16:31 EDT CACI acquires Applied Insight in all-cash transaction - CACI International announced that it has acquired Applied Insight, a Northern Virginia-based portfolio company of Acacia Group, in an all-cash transaction. In alignment with CACI's mission to deliver distinctive expertise and differentiated technology to meet its customers' greatest national security challenges, Applied Insight delivers proven cloud migration, adoption, and transformation capabilities, coupled with intimate customer relationships across the Department of Defense and Intelligence Communities. "With the close of this acquisition, CACI further establishes its unparalleled reputation for delivering expertise and technology to modernize our customers' enterprise IT infrastructure," said John Mengucci, CACI President and Chief Executive Officer. "The combined business of CACI and Applied Insight will enhance enterprise-wide cloud, cyber, and user productivity for secure networks in the IC, thus accelerating decision-making and optimizing mission outcomes for analysts and warfighters around the globe."
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LPLA | Hot Stocks16:30 EDT LPL Financial trading resumes
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MYGN | Hot Stocks16:21 EDT USPTO issues 3rd patent to Myriad aiding in bringing MRD assay to market - Myriad Genetics announced that the United States Patent and Trademark Office has issued a third patent that will strengthen its ability to deliver a tumor-informed, high-definition, molecular residual disease or MRD assay to market. U.S. patent no. 12,104,212, entitled "Personalized Methods for Detecting Circulating Tumor DNA," demonstrates Myriad's continued efforts to advance its MRD strategy on multiple fronts. The claims of the patent cover proprietary methods that generate ultra-sensitive detection of tumor-specific mutations in circulating tumor DNA or ctDNA ....to enable highly sensitive and specific tumor-informed, sequencing-based MRD assays such as Precise ."The issuance of this third MRD patent supports Myriad's efforts to establish a proprietary and differentiated MRD assay that tracks up to thousands of tumor-specific variants, making it capable of detecting ctDNA at lower levels than other products in the market today," said Paul J. Diaz, President and CEO, Myriad Genetics. "
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MDLZ | Hot Stocks16:20 EDT Mondelez announces investment in Urban Legend - Mondelez announced that its corporate venture capital arm, SnackFutures Ventures, has taken a minority stake in Urban Legend, a fresh doughnut and pastry business in the United Kingdom. All Urban Legend varieties - including those with creamy fillings, icings and frostings - are 200 calories or less.
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EQT | Hot Stocks16:20 EDT EQT Corporation to reduce workforce by 15% - In a regulatory filing, the company states: "On September 25, 2024, management of EQT Corporation committed to a reduction in workforce under a plan of termination as part of the integration process following completion of the Company's acquisition of Equitrans Midstream Corporation, which, when complete, will result in an approximately 15% reduction in the Company's employee workforce and includes the termination of former executive officers and certain other senior employees of Equitrans. The Plan is expected to be completed in 2025. The Plan is expected to result in total pre-tax charges of approximately $165 million to $185 million for employee-related costs, which include severance and other termination benefits and stock-based compensation, of which approximately $155 million to $170 million is expected to be recorded in the third quarter of 2024, approximately $5 million to $10 million is expected to be recorded in the fourth quarter of 2024 and approximately $5 million is expected to be recorded in 2025. The Company expects that these charges will result in cash expenditures of approximately $55 million to $75 million, substantially all of which are expected to be incurred in the third quarter of 2024. The positions eliminated pursuant to the Plan represent approximately $80 million of annualized general and administrative costs."
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SCI | Hot Stocks16:18 EDT Service announces leadership promotions among executive officers - Service Corporation International announced leadership promotions among its executive officers that were made and approved by the SCI Board of Directors in continuation of the Board's focus on succession planning to support SCI's long-term growth. Steven A. Tidwell, SCI's Senior Vice President of Sales and Marketing, informed the Company of his intent to step down from his role as an executive officer and assume a new role as Special Advisor to the CEO, effective October 1, 2024. Sumner J. Waring, III, who currently serves as COO, has been promoted to President. In addition to indirectly leading SCI's operations, Waring will assume Tidwell's sales and marketing responsibilities. Waring's successful record of leadership in his numerous operations roles and commitment to the profession as a fifth-generation funeral director make him uniquely qualified to assume the role of President. John Faulk, who currently serves as Senior Vice President of Revenue and Business Development, has been promoted to Senior Vice President and CFO With his strategic acumen, institutional knowledge and broad business experience, Faulk is the ideal leader to support SCI's funeral and cemetery operations. Eric D. Tanzberger, who currently serves as Senior Vice President and CFO, has been promoted to Executive Vice President and CFO, and will oversee business development, including mergers and acquisitions, construction and real estate, as well as pricing and revenue development, in addition to his current responsibilities. His financial expertise and proven leadership will be instrumental in working with these teams to drive SCI's future growth. Aaron G. Foley, who currently serves as Vice President and Treasurer, has been promoted to Senior Vice President and Treasurer, and will oversee accounting, tax, and risk assurance and advisory services, in addition to his current responsibilities. His 16 years of financial, accounting and management experience with SCI will serve him well in his new role. In their new roles, Messrs. Waring and Tanzberger will continue to report to Ryan, Faulk will report to Waring and Mr. Foley will continue to report to Tanzberger.
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ORGO | Hot Stocks16:17 EDT Organogenesis trial results show safety, efficacy of NuShield for DFUs - Organogenesis Holdings announced the publication of "Dehydrated Amnion Chorion Membrane Versus Standard of Care for Diabetic Foot Ulcers: A Randomised Controlled Trial" in the Journal of Wound Care. "We are pleased this data demonstrates NuShield provides a significant advantage when managing DFUs, a severe medical crisis that often leads to amputations and associated higher mortality rates, especially in underserved populations," said Gary S. Gillheeney, Sr., President and Chief Executive Officer of Organogenesis. "As a leader in this field, we support CMS's evidence-based approach to coverage for these serious wounds and believe this large, peer-reviewed published RCT satisfies the requirements for Medicare coverage under the proposed LCDs."
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NKE | Hot Stocks16:17 EDT Nike says Investor Day is being postponed
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OPEN... | Hot Stocks16:16 EDT Opendoor Technologies appoints Selim Freiha as CFO - Opendoor Technologies (OPEN) announced the appointments of Selim Freiha as CFO and Shrisha Radhakrishna as chief technology and product officer. Freiha joins Opendoor from Alphabet (GOOGL) where he served as VP, leading corporate financial planning and analysis. Most recently, Radhakrishna served as chief technology and product officer at LegalZoom (LZ).
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LFVN | Hot Stocks16:13 EDT LifeVantage announces update to evolve compensation plan with new sharing bonus - LifeVantage announced an enhancement to its Evolve Compensation Plan, offering greater simplicity and earning potential for independent LifeVantage Consultants. Plan enhancements are set to go live November 1 in the U.S., Japan, Australia, New Zealand, Canada, Mexico, and European markets. "When we modernized our compensation plan and launched Evolve in March 2023, it came with the commitment to continuously simplify and enhance the way Consultants earn money at LifeVantage," said Steve Fife, President and CEO. "The latest enhancements deliver on that promise while further cementing LifeVantage as a leader in Consultant compensation. Sharing LifeVantage and our unique approach to health and wellness is simple, exciting, and now, even more rewarding, especially as you are just getting started."..."There has never been a better time to be a LifeVantage Consultant," said Fife. "Our upcoming launch of an innovative weight management system that naturally activates GLP-1 combined with the enhancements to our Evolve Compensation Plan create compelling growth opportunities for entrepreneurs."
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BIOL | Hot Stocks16:12 EDT Biolase initiates Chapter 11 proceedings - Biolase announced that the company and its direct domestic subsidiaries have voluntarily initiated Chapter 11 proceedings in the United States Bankruptcy Court for the District of Delaware. Biolase will seek court approval to continue operating during the proceedings. The company also announced that it is pursuing a sale process under Section 363 of the Bankruptcy Code in conjunction with the filing. To this end, Biolase has entered into an asset purchase agreement with Sonendo, a Delaware corporation, which it intends to submit to the court. Under the agreement, Sonendo will acquire substantially all of the assets of Biolase through a court-supervised auction process, subject to Bankruptcy Court approval and certain other conditions, for $14M in cash paid at closing, subject to a working capital adjustment; plus assumption of certain Assumed Liabilities; plus the Delaware Litigation Settlement Value. This bid will serve as a starting point for the company's sale process, which may include other bidders.
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TDOC | Hot Stocks16:11 EDT Teladoc reports Chief Operating Officer Michael Waters resigned - In a regulatory filing, Teladoc Health reported that on September 27, Michael Waters, Chief Operating Officer of the company, resigned with good reason under his executive employment agreement with the company in connection with a change in the company's executive reporting structure. "Mr. Waters' resignation is effective on the close of business on December 31, 2024. The Company thanks Mr. Waters for his service," the filing stated. Reference Link
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GLDD | Hot Stocks16:11 EDT Great Lakes Dredge announces dredging awards totaling $342.3M - Great Lakes Dredge & Dock Corporation announced the receipt of several dredging awards totaling $342.3M. The awarded work includes: Sabine-Neches Waterway Channel Improvement, Contract 6 Project Capital, Texas, $219.1M. Canaveral Harbor Sand Bypass Project 5 Coastal Protection, Florida, $40.6M.Brigantine Inlet to Great Egg Harbor Inlet, Absecon Island Beach Renourishment Project Coastal Protection, New Jersey, $38.2M. Captiva Island Beach Renourishment Project Coastal Protection, Florida, $26.7M...Lasse Petterson, President and Chief Executive Officer commented, "So far 2024 has seen a robust bid market featuring a large number of capital and coastal protection projects. The above listed new project awards further enhance our backlog giving Great Lakes clear revenue visibility well into 2026. In addition to the above awarded projects, Great Lakes has approximately $350M in low bids and options pending award, which includes three jobs that we were low bidder on in the past two months bringing our potential total pipeline of work to over $1.5B. Our robust backlog of projects enables Great Lakes to contribute to the overall improvement and resiliency of our country's environment, coastlines, and infrastructure."
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TXG | Hot Stocks16:09 EDT 10x Genomics announces plan to deliver single cell analysis - At the Human Cell Atlas General Meeting held September 29-30 in Milan, Italy, 10x Genomics shared new details about its upcoming product roadmap and its ongoing strategy to democratize access to single cell analysis. During its Foundational Sponsor talk in the Sept. 29 Technology Showcase, 10x Genomics announced an imminent plan to deliver "single cell for a single cent." Through a series of new products and configurations expected to launch this quarter, 10x Genomics intends to deliver mega-scale single cell analysis at a cost as low as 1c per cell. 10x Genomics believes its upcoming launches, which enable 2.5 million cells per run and 5 million cells per kit, will be the most cost effective single cell products available for CRISPR screens, cell atlassing projects and other high-throughput applications. In addition to new solutions for mega-scale applications, 10x Genomics' planned launches this quarter will feature cost effective products to increase access to and adoption of single cell in additional applications and use cases. These new offerings are expected to enable researchers to perform single cell experiments, even at a small scale, for approximately $560 per sample.
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CALM | Hot Stocks16:08 EDT Cal-Maine Foods up 2% at $78.10 after Q1 earnings beat
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FANG | Hot Stocks16:08 EDT Diamondback Energy sees Q3 oil production 319-321 mbo/d - Sees Q3 cash capital expenditures $675M-$700M. This guidance has been updated to give effect to the Endeavor Energy Resources merger, which was completed on September 10.
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IVAC | Hot Stocks16:08 EDT Intevac names Kevin Barber board chairman - Intevac announced the appointment of Kevin Barber as the Company's Board Chairman, effective today. Barber succeeds David S. Dury, who has served as Board Chairman since 2017 and will remain on the Board until the annual meeting of stockholders in 2025. "I would like to thank David for his meaningful contributions during his time as Board Chairman," commented Nigel Hunton, Intevac's president and chief executive officer. "David has proven to be a critical asset to the Company and has been instrumental in many key aspects of the Company's success. We are pleased to announce Kevin as our new Board Chairman. Kevin has been with us for several years, and his acumen, customer knowledge, proven track record and true technical expertise will make him a continued strong asset to the Company. All of us at Intevac are looking forward to working with both as we continue to execute on our growth strategy and deliver shareholder value." Dury has been the Board Chairman since 2017 and has overseen a number of key deliverables for the Company, including significant upgrades at the Board level in 2018, 2019 and this year. In addition to these appointments, Mr. Dury led the hire of Nigel Hunton as CEO in early 2022. Mr. Dury also successfully oversaw the sale of Photonics in 2021, a move that simplified and focused the Company into one business.
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ICFI | Hot Stocks16:07 EDT ICF International awarded BPA by EPA Office of Water - The U.S. Environmental Protection Agency, or EPA, Office of Water, or OW, recently awarded a single-award blanket purchase agreement, or BPA, to global consulting and technology services provider ICF to provide environmental, economic, regulatory and evaluation services to the agency's critical water programs. The recompete BPA has a ceiling value of $75M and a term of five years, including a one-year base and four one-year option periods. ICF's economists and environmental assessors will study and quantify the environmental and health effects, benefits, costs and economic impacts of OW's regulatory actions. In addition, the company will leverage cloud computing and data analytics to perform analyses more efficiently. Together this work will help reduce pollutants in U.S. waters, improve drinking water quality, reduce exposure to toxics and emerging contaminants in water, and more.
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MITK | Hot Stocks16:06 EDT Mitek Systems names Edward West CEO - Mitek Systems announced the appointment of Ed West as Chief Executive Officer and a member of the Board of Directors, effective immediately. Scott Carter, who has served as Interim CEO since June 2024, will serve as non-executive Chairman of the Board of Directors. "We are thrilled to welcome Ed to Mitek Systems," said Scott Carter. "Ed's expertise in driving top-line growth through innovative product development and business model transformation will be invaluable as Mitek enters its next chapter. He brings a proven track record of building fintech partnerships, integrating digital solutions, and leveraging data and analytics to optimize efficiency. His background and skill set align perfectly with our strategy to modernize our platform and expand into new verticals, and we're confident he is the right leader for Mitek."
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RGP | Hot Stocks16:06 EDT RGP unveils new brand identity, brand architecture - RGP revealed a new brand identity and brand architecture to create clarity around the company's enhanced value proposition. The company has made organizational shifts to distinctly position RGP as a parent company with three principal business segments: On-Demand by RGP, Veracity by RGP and Countsy by RGP. These updates align with the operational changes that RGP has made to evolve its business strategy starting in fiscal year 2025. "The changes we've made are enabling us to unlock the value of our diversified capabilities, better situating us to support companies with their workforce and transformation strategies regardless of their corporate lifecycle or unique circumstances," said Kate Duchene, Chief Executive Officer at RGP. "Our new organizational structure and intentional brand architecture create a unified ecosystem that better showcases the full value that RGP brings to our stakeholders. This evolution ensures that RGP will be well-positioned over the long-term to execute and succeed regardless of the macro environment by leveraging our differentiated and deep experience across a diverse set of industries." RGP expects the changes it has made to expand the company's addressable market through an evolved service offering catalog, while positioning the firm to drive cross-sell growth throughout its extensive enterprise client base that includes over 1,700 active MSAs globally.
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NSC | Hot Stocks16:06 EDT Norfolk Southern says working off backlog of traffic in Southeast - Norfolk Southern issued a service alert update on its Hurricane Helene recovery, which states: "Norfolk Southern continues to work through the impacts of Hurricane Helene which made landfall in the Florida panhandle on September 26. All of our routes in the southeastern area of our network, including the Southern Appalachians, are in service with the exception of routes east and west of Asheville, NC -- which remain out of service due to historic flooding. Norfolk Southern is working off the backlog of traffic in the Southeast, and customers with shipments moving through these areas could see delays of 24-48 hours. We will provide updates as they are available."
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OZK | Hot Stocks16:05 EDT Bank OZK raises quarterly cash dividend 2.5% to 41c per share - Bank OZK announced its Board of Directors declared a quarterly cash dividend on the Bank's common stock of 41c per share, up 1c 1, or 2.5% from the prior quarter. The common stock dividend is payable on October 18 to shareholders of record as of October 11 . Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-seven quarters.
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ICCT | Hot Stocks16:05 EDT iCoreConnect to divest Managed Service Provider Division, terms undisclosed - iCoreConnect announced it has entered into an agreement to divest its Managed Service Provider, or MSP, Division to The 20, LLC through an asset sale. The asset divestiture will generate capital that will be used to reduce debt and reinvest in core areas of the business. The company expects this divestiture to enhance key financial metrics such as profit margins as the MSP Division operated at lower margins compared to our SaaS offerings. The company believes that focusing on its core SaaS business will create a more streamlined, easier-to-analyze company for investors.
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LPLA | Hot Stocks16:01 EDT LPL Financial board terminates CEO Dan Arnold for workplace violations - LPL Financial Holdings Inc. announced that the Board of Directors has terminated the company's President and Chief Executive Officer, Dan H. Arnold, effective immediately, for violating LPL's commitment to a respectful workplace. He has also resigned from the Board. The Board has appointed Rich Steinmeier, currently the company's Managing Director, Chief Growth Officer, as Interim CEO, also effective immediately. The Board terminated Mr. Arnold for cause on the recommendation of a special committee of Directors in the course of an investigation by an outside law firm, which found he made statements to employees that violated LPL's Code of Conduct. "LPL's Code of Conduct requires every employee, no matter their title, to foster a supportive and professional workplace and show respect to each other, our stakeholders and the broader community," said James Putnam, Chair of the Board of Directors. "Mr. Arnold failed to meet these obligations."
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LPLA | Hot Stocks16:00 EDT LPL Financial trading halted, news pending
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TBNK HOPE | Hot Stocks15:48 EDT ISS recommends Territorial Bancorp shareholders vote against Hope Bancorp merger - Blue Hill Advisors and former Hawaii banking executive Allan Landon announced that Institutional Shareholder Services, or ISS, an independent proxy advisory firm, has recommended that shareholders of Territorial Bancorp (TBNK) vote against the proposed merger between Territorial and Hope Bancorp (HOPE) at the company's special meeting of stockholders on October 10. In its report, ISS concluded that Hope's takeover of Territorial is not in the best interest of the Company's shareholders: "Given the lack of a robust sales process, the fact that the merger agreement restrictions accepted by the board limit its ability to engage with a competing bidder, and the improved outlook for financial institutions, the proposed merger with HOPE does not appear to maximize value for shareholders."
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NGG MSFT | Hot Stocks15:34 EDT National Grid Renewables signs power purchase agreement with Microsoft - National Grid Renewables (NGG) announced the execution of a power purchase agreement, or PPA, with Microsoft (MSFT) for its Portage Solar Project, a 250-megawatt (MW) development located in Portage County, Wisconsin. "Portage Solar is estimated to begin construction in 2025 and reach operation in 2027. The project is anticipated to benefit local and statewide communities through the production of millions of dollars in new tax revenue and landowner income, the creation of new jobs, and local spending. The project community will also benefit from a dedicated charitable fund, which goes above and beyond any tax revenue delivered by the project. These charitable funds are unique to National Grid Renewables and exemplify how they commit to being good neighbors within the communities in which their projects are built. In total, the direct economic impact of Portage Solar is estimated to reach approximately $88 million over the first 25 years of operations. Additionally, as part of the agreement with Microsoft, National Grid Renewables will donate an additional $20 million over the term of the agreement to a community fund. Sustain Our Future Foundation will receive and distribute these funds to support under-resourced communities and communities disproportionately impacted by pollution," the company stated.
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ME | Hot Stocks15:33 EDT 23andMe CEO says not open to considering 'third party takeover proposals' - Ms. Wojcicki has updated her prior statement about whether Ms. Wojcicki would be open to considering third party takeover proposals for the 23andMe: "In response to a request from the then-current Special Committee of the Board, I stated that I would consider third party takeover proposals for 23andMe. Whether I would ultimately accept such a proposal remained within my discretion. In the interim period, based on subsequent developments, it has become even clearer to me that the best path forward for 23andMe is for me to take the company private. Accordingly, in order to update my prior statement and avoid any confusion in the market, I am no longer open to considering third party takeover proposals for 23andMe. I remain committed to completing an acquisition of 23andMe. Towards that end, the Issuer is working diligently to repopulate the Board of Directors so that any proposals to acquire 23andMe can be properly considered. Importantly, I remain committed to our customers' privacy and pledge to maintain23andMe current privacy policy in effect for the foreseeable future, including following completion of the acquisition I am currently pursuing." This information is from a company 8K regulatory filing... Reference Link
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SOL... | Hot Stocks15:20 EDT Commerce Department sets preliminary new duties on Southeast Asia solar imports - On October 1, the U.S. Department of Commerce announced its preliminary affirmative determinations in the countervailing duty, or CVD, investigations of crystalline photovoltaic cells whether or not assembled into modules, or solar cells, from Cambodia, Malaysia, Thailand, and the Socialist Republic of Vietnam. Commerce is conducting concurrent antidumping duty investigations of solar cells from Cambodia, Malaysia, Thailand and Vietnam, the Department noted. The announcement is the first of two preliminary decisions expected by the Commerce Department this year in a trade case brought by Korea's Hanwha Qcells, U.S.-based First Solar (FSLR) and several smaller companies. Other publicly traded companies in the solar energy space include Array Technologies (ARRY), Canadian Solar (CSIQ), Emeren (SOL), FTC Solar (FTCI), JinkoSolar (JKS), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR). Reference Link
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CVX | Hot Stocks15:17 EDT Chevron aims to increase Gulf of Mexico output to 300K net BOE per day by 2026 - Chevron said it is aiming to increase its U.S. Gulf of Mexico production to 300,000 net barrels of oil-equivalent per day by 2026, and two projects that recently started operations could help it get there. In September, Chevron announced that it had begun water injection at its St. Malo offshore field. This is Chevron's first waterflood project in the deepwater Wilcox trend. The project, which was completed under budget, is expected to recover approximately 175 gross BOE. That's in addition to the almost 400 million gross BOE produced to date from the Jack and St. Malo fields. Less than 100 miles away, Chevron's Tahiti facility-which has produced more than 500 million gross BOE since 2009-has also expanded waterflood operations to boost production.
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MMTOF | Hot Stocks15:10 EDT Mitsubishi Motors North America reports Q3 sales of 31,588 vehicles - Mitsubishi Motors North America closed out the third quarter of 2024 with sales results of 31,588 vehicles, compared to 22,196 vehicles in the same quarter of last year. On a year-to-date basis, sales of 82,718 represent an increase of 22.1%, the company reported.
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HUM ALHC | Hot Stocks14:24 EDT Humana falls after releasing 2025 Medicare Advantage offerings - Shares of Humana (HUM) are moving lower after the company announced its Medicare Advantage and Medicare Prescription Drug Plan offerings for 2025. "Based on member feedback, Humana is including coverage for new glasses every year in every plan with a vision benefit. Humana also is offering plans with comprehensive dental coverage that includes deep cleanings, fillings and crowns in nearly every county it serves," the company said in a statement. Humana has a total of 793 individual Medicare Advantage plans throughout the country for 2025. Members with Part D coverage will now have a $2,000 cap on out-of-pocket drug costs, and they will no longer have a coverage gap phase. In 2025, Humana will have Medicare Advantage plan offerings in 48 states, plus Washington, D.C., and Puerto Rico, covering 89% of U.S. counties. Shares of Humana are down 6% to $297.89 in afternoon trading. Shares of Alignment Healthcare (ALHC), which also released its 2025 Medicare Advantage offerings this morning, are down 17%, or $1.99, to $9.83.
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JNJ | Hot Stocks13:57 EDT J&J to invest more than $2B in manufacturing facility in North Carolina - Johnson & Johnson announced an investment of more than $2B to build a state-of-the-art biologics manufacturing facility in Wilson, North Carolina. "The new facility will expand production of the company's portfolio and pipeline of innovative biologics in support of Johnson & Johnson's broader plan to advance more than 70 novel therapy and product expansion filings and launches by the end of the decade... The new facility will expand production of Johnson & Johnson's innovative biologic medicines in areas including oncology, immunology, and neuroscience, with the latest technology focused on enabling efficient manufacturing operations. When fully operational, the site will employ approximately 420 full-time, highly skilled employees. Construction is anticipated to begin in the first half of 2025," the company stated. Reference Link
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HMC | Hot Stocks12:33 EDT American Honda reports September sales down 8.6% to 105,527 units - American Honda reported September sales of 105,527 units, down 8.6% versus last year. "Our sales momentum has continued through the third quarter with strong demand for Honda and Acura SUVs, and growing sales of electrified models. Despite some supply issues due to the preparation for EV manufacturing and supply challenges related to the catastrophic Hurricane Helene in the Southeast, we continue to gain sales momentum based on a flexible strategy of offering fuel efficient petrol, hybrid-electric and battery-electric models to meet the needs of our customers," said Lance Woelfer, vice president of Auto Sales at American Honda Motor.
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IBKR | Hot Stocks12:30 EDT Interactive Brokers reports 2.634M DARTs in September, up 46% year-over-year - Interactive Brokers Group reported its Electronic Brokerage monthly performance metrics for September. Brokerage highlights for the month included: 2.634M Daily Average Revenue Trades, 46% higher than prior year and 3% lower than prior month; Ending client equity of $541.5B, 46% higher than prior year and 5% higher than prior month; Ending client margin loan balances of $55.8 billion, 28% higher than prior year and 2% higher than prior month; Ending client credit balances of $116.7B, including $4.6B in insured bank deposit sweeps, 19% higher than prior year and 4% higher than prior month; 3.12M client accounts, 28% higher than prior year and 2% higher than prior month; 190 annualized average cleared DARTs per client account; Average commission per cleared Commissionable Order of $2.88 including exchange, clearing and regulatory fees.
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X NPSCY | Hot Stocks12:12 EDT U.S. Steel releases economic impact analysis on Nippon Steel deal - U.S. (X) released a new economic impact analysis today, conducted by Parker Strategy Group, that assesses how the proposed $1B investment committed by Nippon Steel Corporation (NPSCY) to modernize U. S. Steel's Mon Valley Works following the closing of the pending merger with U. S. Steel would generate a significant economic impact in Pennsylvania. According to the study, if just 80% of the $600 million construction project is spent in Pennsylvania, the Nippon Steel investment would generate a $952.9M incremental economic impact over a two-year timeframe. Among the findings, the study showed concentrated economic impact to Southwest Pennsylvania and increased impact if construction dollars are spent in Pennsylvania. "Not only will this deal secure U. S. Steel's Pennsylvania footprint - an economic boon benefiting communities and employees - the Nippon Steel investment in Mon Valley Works facilities would cause a positive ripple effect across the Pennsylvania economy," said President and CEO of U. S. Steel David B. Burritt. "While the economic impact is undeniable, what is most heartening is the consequential economic and generational impact this investment will have on the families and communities of the Mon Valley." The study predicts that when just 40% of the investment is spent in state it would create nearly 2,500 jobs and generate an almost half billion-dollar economic impact -- 2,432 jobs, $476.4M total impact -- over a two-year period.
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LYFT | Hot Stocks12:00 EDT Lyft, Mobilitas Insurance Companies renew commercial insurance partnership - The Mobilitas Insurance Companies, providers of commercial insurance for the unique and emerging demands of the sharing economy and mobility sector, announced that Lyft has renewed its partnership for ridesharing commercial insurance coverage in 23 states, effective October 1, 2024. "Mobilitas remains focused on serving the commercial insurance needs of the mobility sector, and it is our privilege to continue partnering with Lyft to effectively manage the business risks related to rideshare," said Jeff Huebner, executive vice president of commercial insurance. "Our unparalleled claims expertise and customizable digital solutions uniquely position us to continue advancing Lyft's innovative approach to safe and reliable transportation." Lyft and Mobilitas have partnered since 2020, when it was first announced that Lyft had selected Mobilitas to provide ride-sharing commercial insurance coverage in 11 states starting October 1, 2020. The partnership expanded to 18 states in 2021, and to 23 states in 2022.
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DIN | Hot Stocks12:00 EDT Dine Brands rises 13.7% - Dine Brands is up 13.7%, or $4.27 to $35.50.
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UNFI | Hot Stocks12:00 EDT United Natural Foods rises 24.9% - United Natural Foods is up 24.9%, or $4.19 to $21.01.
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SITC | Hot Stocks12:00 EDT Site Centers rises 46.7% - Site Centers is up 46.7%, or $5.51 to $17.31.
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GCTS | Hot Stocks12:00 EDT GCT Semiconductor falls -9.3% - GCT Semiconductor is down -9.3%, or -31c to $3.04.
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ZEPP | Hot Stocks12:00 EDT Zepp Health falls -11.0% - Zepp Health is down -11.0%, or -48c to $3.87.
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AMTM | Hot Stocks12:00 EDT Amentum falls -22.4% - Amentum is down -22.4%, or -$7.21 to $25.04.
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FUJHY | Hot Stocks11:51 EDT Subaru of America reports September sales up 0.1% to 56,414 vehicles - Subaru of America reported 56,414 vehicle sales for September, an increase of 0.1% compared with September 2023. SOA also reported year-to-date sales of 493,612 a 5.6% increase compared with the same period in 2023.
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TM | Hot Stocks11:42 EDT Toyota reports Q3 U.S. auto sales down 8.0% to 542,872 vehicles - Toyota Motor North America reported third quarter U.S. sales totaled 542,872 vehicles, down 8.0% on a volume basis and down 5.6% on a DSR basis. Third quarter electrified vehicle sales totaled 255,863, up 38.6% on a volume basis and up 42.2% on a DSR basis. "In September, nearly 50 percent of our total sales volume was an electrified model, an achievement made possible by our outstanding team and dealers. We believe that our portfolio approach to electrification is the best pathway to carbon neutrality while giving customers a variety of powertrain options that fits their lifestyle. With 30 electrified vehicles now at Toyota and Lexus dealerships, Lexus sales recording its best-ever year-to-date result in its 35-year history, the all-new all-hybrid Toyota Camry a hit with customers, and Toyota remaining the number one retail brand in the industry, we are preparing to close out 2024 on a high note while continuing to focus on our customers," said Jack Hollis, executive vice president, Sales, TMNA.
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TM | Hot Stocks11:40 EDT Toyota Motor reports U.S. September sales down 20.3% to 162,595 vehicles - Toyota Motor North America reported U.S. September sales of 162,595 vehicles, down 20.3% on a volume basis and down 9.9% on a daily selling rate, or DSR, basis versus September 2023. September electrified vehicle sales consisting of hybrids, plug-in hybrids, pure electrics and fuel cells were 48.4% of total sales volume and totaled 78,683, up 22.4% on a volume basis and up 38.3% on a DSR basis. Reference Link
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FLUT | Hot Stocks11:34 EDT Flutter's FanDuel sued by ex-Jaguars executive over gambling addiction - Flutter Entertainment's FanDuel unit was sued by a former Jacksonville Jaguars executive, Amit Patel, who pleaded guilty in December to stealing more than $22M from the team and was sentenced to 78 months behind bars in March, alleging that the website operator knew he was an addicted gambler and offered him more than $1M in credits and "lavish" gifts to make sure he continued to place bets. The complaint, filed in a federal court in New York, alleges that FanDuel ignored its own responsible gaming protocols and "actively and intentionally targeted and preyed" on him with incentives to feed his addiction. The suit seeks more than $250M in compensatory damages.
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GM | Hot Stocks11:08 EDT General Motors reports Q3 U.S. deliveries down 2% y/y to 659,601 vehicles - General Motors said it and its dealers increased retail sales by 3% year over year and delivered 659,601 total vehicles, down 2%, in the U.S. in the third quarter of 2024. The company said it achieved another record quarter of EV sales with 32,195 total deliveries, up 60% year-over-year and up 46% compared to the second quarter of 2024. "GM's EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everybody, no matter what they like to drive," said Rory Harvey, GM executive vice president and president of Global Markets.
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GM | Hot Stocks11:06 EDT General Motors reports Q3 U.S. deliveries down 2/2 y/y to 659,601 vehicles - General Motors said it and its dealers increased retail sales by 3% year over year and delivered 659,601 total vehicles, down 2%, in the U.S. in the third quarter of 2024. The company said it achieved another record quarter of EV sales with 32,195 total deliveries, up 60% year-over-year and up 46% compared to the second quarter of 2024. "GM's EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everybody, no matter what they like to drive," said Rory Harvey, GM executive vice president and president of Global Markets.
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SENS | Hot Stocks11:03 EDT Ascensia launches Eversense 365 CGM system in the U.S. - Ascensia Diabetes Care is launching the Eversense 365 continuous glucose monitoring system to people with diabetes in the U.S. Developed by Senseonics Holdings, Eversense 365 is the only CGM that provides one year of accurate monitoring with minimal disruptions, enabling confident decisions, long-term peace of mind, and enhanced quality of life with just one CGM. The device was cleared for use last month by the U.S. Food and Drug Administration for people with type 1 and type 2 diabetes aged 18 years and older.
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HII | Hot Stocks11:01 EDT HII awarded $458M contract from Department of Defense - HII announced that its Mission Technologies division was awarded a $458M contract to modernize communications and information technology networks for the U.S. government that will enable rapid decision-making in the battlespace. "Under the task order, HII will develop, assess and implement innovative technical solutions that will improve system hardening to potential cyber threats, introduce new capabilities and enable cloud migration. The enhancements will provide end users, including U.S. Department of Defense service components and the U.S. Special Operations Command, with IT services and solutions to support the warfighters," the company stated. The task order has a five-year term.
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MZDAY | Hot Stocks10:12 EDT Mazda North America reports September sales up 6.5% to 29,841 vehicles - Mazda North American Operations reported total September sales of 29,841 vehicles, an increase of 6.5% compared to September 2023. Year-to-date sales totaled 313,452 vehicles sold; an increase of 15% compared to the same time last year. With 23 selling days in September, compared to 26 the year prior, the company posted an increase of 20.3% on a Daily Selling Rate, or DSR, basis.
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STT | Hot Stocks10:11 EDT State Street expands ETF servicing relationship with VanEck - State Street Corporation announced an extension of its exchange traded fund and mutual fund servicing relationship with VanEck. The new, extended agreement includes comprehensive support for VanEck's expanding range of ETF funds, and reflects State Street's commitment to providing innovative solutions and enhanced services to meet the dynamic demands of the global ETF marketplace.
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BAESY | Hot Stocks10:09 EDT BAE Systems' RAD510 software development unit available for order - BAE Systems' RAD510 software development unit is now available for order to the space community. The SDU enables initial software implementation and testing as customers prepare to convert from the RAD750 single-board computer to the next-generation RAD510 SBC. Currently in qualification, the RAD510 SBC offers three times the performance capability of its predecessor, supporting critical space missions.
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LVO TSLA | Hot Stocks10:07 EDT LiveOne renews partnership with Tesla through May 2024 - LiveOne (LVO) announced an amended partnership with Tesla (TSLA). Key Highlights: 1. Effective Oct 1, 2024: Tesla replaces streaming button with LiveOne's in perpetuity; 2. LiveOne 2.0 launches, providing subscribers access to music on all devices; 3. 1.9 million subscribers can convert to Premium/Plus services; 4. Potential 3x increase in Average Revenue Per User; 5. As of Dec 1, 2024, Tesla will no longer subsidize LiveOne products to some of its customers, however, LiveOne will offer all Tesla customers discounted LiveOne music packages; 6. Tesla will continue to pay LiveOne monthly for grandfathered users in perpetuity.
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FXNC | Hot Stocks10:05 EDT First National Corp. completes acquisition of Touchstone Bankshares - First National Corporation has completed the acquisition by merger of Touchstone Bankshares effective October 1, 2024. . Immediately following the Merger, Touchstone Bank, the wholly owned subsidiary of Touchstone Bankshares, Inc., was merged with and into First Bank. Pursuant to the previously announced terms of the Merger, each outstanding share of Touchstone Bankshares, Inc. common stock and preferred stock is entitled to receive 0.8122 shares of First National Corporation's common stock. Following the Merger, the former branches of Touchstone Bank assumed in the Merger will continue to operate in Virginia as Touchstone Bank, a division of First Bank, and, in North Carolina, as Touchstone Bank, a division of First Bank, Strasburg, Virginia, until the systems integration is completed in February 2025. With the addition of Touchstone, the Company would have had approximately $2.1 billion in assets, $1.5 billion in loans and $1.8 billion in deposits on a combined pro-forma basis as of August 30, 2024. The combined company will deliver banking services through 33 branch offices in Virginia and North Carolina and 3 loan production offices, in addition to its full complement of online banking services.
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KKR | Hot Stocks10:04 EDT Korber Supply Chain Software completes acquisition of MercuryGate - Korber Supply Chain Software announced the completion of its acquisition of MercuryGate International Inc., a leading provider of transportation management systems. This milestone acquisition is one of the largest in the supply chain software industry this year, adding approximately 25 percent to Korber Supply Chain Software's annual net revenue. It significantly enhances Korber Supply Chain Software's vision for providing solutions across the entire supply chain in one suite to deliver higher efficiency and visibility from initial order to warehouse through transportation to door, reducing planning siloes and accelerating issue resolution for better customer and business outcomes. With the expanded data and insights from across the supply chain execution suite, customers will find new opportunities for operational innovation and enhanced decision-making capabilities. Korber Supply Chain Software also announces Tim Moylan as the Company's first Chief Commercial Officer and Beth Hendriks as new Chief Technology Officer. Moylan most recently served as the Executive Vice President of Sales and Marketing at TechnologyOne, Australia's largest enterprise SaaS company. Beth Hendriks, the current Chief Technology Officer at MercuryGate, has been appointed as Chief Technology Officer at Korber Supply Chain Software.
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DIN | Hot Stocks10:00 EDT Dine Brands rises 13.8% - Dine Brands is up 13.8%, or $4.33 to $35.55.
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ARCO | Hot Stocks10:00 EDT Arcos Dorados rises 16.1% - Arcos Dorados is up 16.1%, or $1.40 to $10.12.
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UNFI | Hot Stocks10:00 EDT United Natural Foods rises 22.9% - United Natural Foods is up 22.9%, or $3.85 to $20.67.
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AKA | Hot Stocks10:00 EDT a.k.a. Brands falls -10.2% - a.k.a. Brands is down -10.2%, or -$2.41 to $21.20.
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AMTM | Hot Stocks10:00 EDT Amentum falls -14.5% - Amentum is down -14.5%, or -$4.68 to $27.57.
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SITC | Hot Stocks10:00 EDT Site Centers falls -70.5% - Site Centers is down -70.5%, or -$42.65 to $17.86.
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VVX | Hot Stocks09:56 EDT V2X awarded position on $11.9B JETS 2.0 contract - V2X announces its selection for the $11.9 billion Defense Logistics Agency J6 Enterprise Technology Services 2.0 contract, securing its place amongst a select group of providers. "In today's rapidly evolving digital landscape, vigilance is paramount. V2X is proud to support the Defense Logistics Agency by delivering critical cybersecurity and IT modernization services to uphold their mission," said Jeremy C. Wensinger, President and CEO of V2X. Under the JETS 2.0 contract, V2X will provide a range of advanced IT solutions, including cloud services and cybersecurity services to the DLA. This indefinite-delivery/indefinite-quantity contract spans an initial five-year base period, with the potential for an additional five-year option, supporting both U.S. and international Defense Department operations with essential IT services.
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WAVE | Hot Stocks09:56 EDT Eco Wave Power Global AB (publ) trading resumes
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ATGL | Hot Stocks09:51 EDT Alpha Technology Group Ltd trading resumes
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WAVE | Hot Stocks09:51 EDT Eco Wave Power Global AB (publ) trading halted, volatility trading pause
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ZIM | Hot Stocks09:48 EDT ZIM Integrated falls -8.1% - ZIM Integrated is down -8.1%, or -$2.08 to $23.58.
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AMTM | Hot Stocks09:48 EDT Amentum falls -11.7% - Amentum is down -11.7%, or -$3.76 to $28.49.
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SITC | Hot Stocks09:47 EDT Site Centers falls -70.6% - Site Centers is down -70.6%, or -$42.72 to $17.78.
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DIN | Hot Stocks09:47 EDT Dine Brands rises 9.4% - Dine Brands is up 9.4%, or $2.94 to $34.16.
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UNFI | Hot Stocks09:47 EDT United Natural Foods rises 14.2% - United Natural Foods is up 14.2%, or $2.39 to $19.21.
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ARCO | Hot Stocks09:47 EDT Arcos Dorados rises 14.9% - Arcos Dorados is up 14.9%, or $1.30 to $10.02.
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ATGL | Hot Stocks09:46 EDT Alpha Technology Group Ltd trading halted, volatility trading pause
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BCS | Hot Stocks09:41 EDT Barclays pays $4M civil penalty to settle CFTC charges - The Commodity Futures Trading Commission today announced an order filing and simultaneously settling charges against Barclays Bank for violations of the Commodity Exchange Act and CFTC regulations relating to swap reporting. The order requires Barclays to pay a $4M civil monetary penalty, cease and desist from violating the applicable provisions of the CEA and CFTC regulations, and comply with certain conditions and undertakings, the agency said in a statement. Barclays admitted the facts in the order and acknowledged its conduct violated the CEA and CFTC regulations, CFTC added. Reference Link
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NFE | Hot Stocks09:40 EDT New Fortress Energy trading resumes
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NFE | Hot Stocks09:35 EDT New Fortress Energy trading halted, volatility trading pause
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RTX | Hot Stocks09:34 EDT RTX's Raytheon awarded $192M contract from U.S. Navy to develop NGJ-MBX - Raytheon has been awarded a $192M contract from the U.S. Navy to develop the Next Generation Jammer Mid-Band Expansion, an upgrade to the current Next Generation Jammer Mid-Band system. This modification will extend the frequency range of the NGJ-MB system to counter additional threats. MBX provides additional capabilities to improve operational effectiveness.
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WTW | Hot Stocks09:34 EDT GTCR, Recognize to acquire TRANZACT from WTW for $632.4M - GTCR announced that it has signed a definitive agreement to acquire TRANZACT, a direct-to-consumer insurance services company, in a corporate carve-out from WTW PLC, a global advisory, broking and solutions company. GTCR is investing in TRANZACT alongside Recognize, a technology services investment platform. Andy Nelson, President of TRANZACT, and the existing management team will continue to lead the business and partner with GTCR and Recognize. The transaction values TRANZACT at $632.4M. The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions.
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NTRP | Hot Stocks09:32 EDT NextTrip prepares Compass.tv for soft launch, signs content creators - NextTrip announced the launch of its owned and operated Compass.tv travel discovery channel and app. The platform initially features over a thousand hours of travel video content designed to seamlessly convert into commerce opportunities, allowing viewers to book vacations directly through the channel using the NextTrip Booking Engine. In partnership with Dooya Media Group, we intend to expand Compass.tv's offerings by collaborating with influencers who have millions of travel-focused followers, creating a unique and comprehensive travel hub. The Compass.tv launch features partnerships with the following influencers, studios and content creators: Paul "Barbs" Barbato is a travel educator and creator of viral geography channel, Geography Now. Global Child TV is an inspirational brand based around traveling with purpose where Augusto Valverde, host and founder, explores the world through amazing experiences as life lessons are shared with the help of celebrity friends. INSIGHT TV is a leading premium unscripted global channel operator, delivering high-quality, diverse travel programming that appeals to a wide range of passionate consumers. Compass.tv viewers can look forward to programming such as My Van Life and Epic Exploring, and upcoming series like Paradise Kitchen: Bali and Roads Unknown. Off the Fence is an Academy Award winning factual studio, owned by ZDF Studios that produces and distributes non-fiction programming. They offer Compass.tv a wide range of travel content such as The Travel Bug, Finding Little Italy, and Nature's Greatest Moments, designed to maximize revenue and reach.
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DLPN | Hot Stocks09:31 EDT The Digital Dept. reports 137 creator signings this year - The Digital Dept. is celebrating a landmark year with 137 new creator signings, the one-year anniversary of The Digital Dept. and the highest-grossing BRANDEdit experience during New York Fashion Week. In the past few months, The Digital Dept., led by co-CEOs Ali Grant and Sarah Boyd, has rapidly grown its roster to include notable talent such as Christine Quinn, Danielle Pinnock, Savannah LaBrant, Cas Jerome, The Beyerle Bunch, Roxanne Kaiser, Alex Cortex, Fiona Barron, Stacy Snyder, Kait Nicole, Katie Morton, and Ana Saia to name a few. A year into this new era, The Digital Dept. has seen tremendous success: 137 new creators signed to its roster; 4,327 campaigns developed; 5 BRANDEdit Showrooms, including its inaugural, highest grossing New York City showroom, with 870 attendees and 240 million social impressions across the five events; A social media reach of over 340 million through its roster of creators.
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LEXX | Hot Stocks09:28 EDT Lexaria Bioscience appoints Michael Shankman as CFO - Lexaria Bioscience announces the appointment of Michael Shankman, CPA, as CFO effective immediately. As a member of the executive leadership team, Mr. Shankman will lead the Company's financial operations. Shankman has previously worked with Lexaria and assisted with its financial reporting and 2023 audit as a designated contractor and as such is deeply familiar with the Company. From 2021 to 2024 Mr. Shankman provided outsourced CFO and Controller services for a national service provider, gaining extensive experience and familiarity with both public and private companies in a wide variety of industry fields.
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PEP | Hot Stocks09:27 EDT PepsiCo to acquire Siete Foods for $1.2B - PepsiCo announced that it has entered into a definitive agreement to acquire Garza Food Ventures dba Siete Foods for $1.2B. "The Garza family has built a very special brand. Their passion for making and sharing food shines through in every Siete product, and that's a passion we share at PepsiCo," said Ramon Laguarta, Chairman and CEO of PepsiCo. "PepsiCo believes in the spirit and authenticity of the Siete brand, and we're excited to carry on the legacy created by the Garza family. We look forward to expanding our multicultural portfolio with these incredible products and even more consumers discovering and enjoying Siete." The transaction is subject to customary closing conditions, including regulatory approval, and is expected to close in the first half of 2025. Additional terms of the acquisition were not disclosed.
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BSKZF | Hot Stocks09:27 EDT Zara launches Zara Streaming powered by Bambuser - Zara has officially launched Zara Streaming, a video shopping platform powered by Bambuser. The debut event, starring legendary supermodel Cindy Crawford and her daughter Kaia Gerber, offered an interactive experience where viewers could shop Zara's latest collection in real-time. Directed by acclaimed filmmaker David Lowery and styled by fashion icon Carlyne Cerf de Dudzeele, Zara Streaming blended high fashion with seamless shopping. Viewers were able to instantly purchase pieces as they watched the mother-daughter duo bring the collection to life, offering personal styling tips that made the experience more engaging and relatable. Now available on-demand on Zara's website, Zara Streaming extends beyond a one-time event, allowing customers to revisit the show and shop the collection at their convenience.
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MTTR | Hot Stocks09:25 EDT Matterport unveils suite of new tools in Fall 2024 Release - Matterport unveiled a suite of new tools designed to reshape the way professionals design, build, and market properties. Through the power of generative AI, Matterport users can now easily reimagine the potential of any space, transforming digital twins from static replicas into dynamic canvases for creativity. "Our Fall 2024 Release empowers users to unlock the full potential of Matterport," said RJ Pittman, Chairman and CEO of Matterport. "Imagine being able to defurnish a home with one click or generate stunning property descriptions automatically, using just the data from your digital twin. These tools save time, elevate listings, and simplify complex workflows for everyone-from real estate agents to contractors and enterprise teams. And with features like 3D model merge, field tags, and one-click bill-back processing, we're helping customers manage spaces at scale with unprecedented speed, efficiency and precision."
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SOBO | Hot Stocks09:25 EDT South Bow launches as independent company - South Bow is launching as an independent company after completing its planned separation from TC Energy. South Bow's common shares will commence trading on the Toronto Stock Exchange on Oct. 2, and are expected to commence trading on the NYSE on or about Oct. 8 under the ticker symbol SOBO. South Bow is a liquids pipelines company that connects resilient Canadian crude oil supply to markets in the U.S. Midwest and Gulf Coast through its strategic corridor, contractual framework, and financial position. South Bow intends to declare its inaugural dividend on Nov. 7, 2024. The dividend is expected to be paid on Jan. 31, 2025 to shareholders of record on Dec. 31, 2024.
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FBIN | Hot Stocks09:24 EDT Yale launches 'Secure Start' contest for renter home security - Yale launched the "Secure Start" contest, designed to help provide financial and security support for new renters. As rent prices climb and the moving process becomes more challenging-with hefty security deposits and the need for reliable home protection-Yale aims to ease some of these burdens. Starting today, a unique Instagram contest is open, offering a chance to help cover five winners' security deposits and equip their homes with the new Yale Approach Lock, tailor-made for renters who want a key-free smart lock upgrade.
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AIRG... | Hot Stocks09:23 EDT Airgain Fleet 5G Vehicle Gateway obtainsT-Mobile AT&T carrier certification - Airgain (AIRG) has received certification for its next generation AirgainConnect Fleet 5G Vehicle Gateway from top mobile network operators including T-Mobile (TMUS) and AT&T (T) and industry bodies for use across North America. The second generation of AirgainConnect Fleet( also known as AC-Fleet was launched at the Consumer Electronics Show in Las Vegas, Nevada earlier this year. It combines a 5G New Radio modem, Wi-Fi 6 router, gigabit ethernet, GNSS/GPS and high-performance antennas into a robust and compact unit that can be mounted to the roof of any vehicle. AC-Fleet has received industry accreditation from the Federal Communications Commission FCC , PCS Type Certification Review Board , Industry Canada IC as well as certification for use on AT&T and T-Mobile's mobile networks...AC-Fleet is now available for purchase in black or white and is already under trial by multiple customers in the United States, Canada and Asia. It is easy to install with fewer cables, has a simple setup and configuration process using multi-carrier eSIM technology, and is low maintenance due to its streamlined software and remote cloud management.
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AGCO | Hot Stocks09:23 EDT Agco issues statement following TAFE filing contempt petition - Tractors and Farm Equipment, or TAFE, announced that it has filed a contempt petition against Agco for violating an interim status quo order from the Commercial Court in Chennai by attempting to terminate TAFE's right to use the Massey Ferguson brand in India. TAFE's case regarding its ownership of the Massey Ferguson brand is ongoing in the Madras High Court. In connection with the legal action against Agco, TAFE issued the following statement: "Since our inception in 1960, TAFE has produced, built, and nurtured the Massey Ferguson brand, which today offers a wide product portfolio of more than 500 models in India on the back of strong, indigenous research and development and quality control. We produce more than 100,000 Massey Ferguson tractors in India each year and serve in excess of three million customers. TAFE and Massey Ferguson are synonymous in India. TAFE is the second-largest producer of tractors in India and the third-largest producer in the world, having established a reputation for reliable quality, which has helped us win the trust of farmers in India and in over 80 international markets. A strong distribution network of more than 2,000 dealers supports TAFE's four iconic tractor brands - Massey Ferguson, TAFE, Eicher Tractors, and IMT. We have earned innumerable accolades for performance and parts supply from customers, industry bodies, media, and governments, including winning international recognition for quality and customer satisfaction. TAFE's products are India-centric in design, are distinctly different from AGCO's products, and are ideally suited for small and medium-sized farmers in India and across the world. Our ownership of the Massey Ferguson brand is evidenced by the fact that for the last six decades, AGCO's global brand website made no mention of Massey Ferguson in the context of India, Nepal, and Bhutan, with the Company having ceded the entire territory to TAFE since our takeover of Massey Ferguson India in 1960. Prior to this year, we have enjoyed a successful, long-standing partnership with AGCO. We acquired a shareholding in AGCO in 2012 and have grown to become the Company's single-largest shareholder with a long-term, strategic focus, thus strengthening the collaborative relationship between our companies. For more than a decade, we have signed 'Letter Agreements' that have assured AGCO of our steady support. Unfortunately, AGCO has ignored issues that we have repeatedly called attention to, including flaws regarding the Company's governance, wholly inadequate engagement with shareholders, and financial and operational underperformance in key areas. Rather than address these matters, AGCO has instead sought to stifle TAFE's ability to seek changes through contentious and ill-advised moves with respect to brand usage - an area that has been uncontested and resulted in a fruitful partnership for nearly 65 years."
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PACB | Hot Stocks09:22 EDT PacBio, A*STAR and Macrogen launch genomics lab in Singapore - PacBio, in collaboration with the Agency for Science, Technology, and Research, or A*STAR, and Macrogen, announced the opening of a joint laboratory at A*STAR Genome Institute of Singapore. This new facility will provide the local research community access to cutting-edge long-read sequencing technology. This initiative marks a milestone for the expanding application of HiFi long-read sequencing in precision medicine, population genomics, and health and disease biology in Southeast Asia. Two PacBio Revio systems will be installed at the lab. PacBio Revio systems are equipped with PacBio's proprietary HiFi sequencing technology. In addition to supporting the National Precision Medicine long-read sequencing needs, the new joint lab will serve as a resource for Singapore's research community.
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SAM | Hot Stocks09:22 EDT Samuel Adams launches 'Our American Dream Cookbook' - Samuel Adams Brewing the American Dream is pleased to announce the launch of Our American Dream Cookbook. Our American Dream Cookbook not only celebrates 40 years since Jim Koch ignited the craft beer revolution with Samuel Adams, but also brings to life over 15 years of work done by Brewing the American Dream to uplift passionate craftspeople across the country. With 100+ must-try dishes, the cookbook accomplishes a first-time achievement of featuring recipes developed by 80 small business owners. In these pages, culinary trailblazers share their unique stories of inspiration and resilience. Our American Dream Cookbook will officially launch on October 1st, 2024 and is available to order now at Amazon, Barnes & Noble, Books-A-Million, Bookshop and independent bookstores across the nation.
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TRP | Hot Stocks09:21 EDT TC Energy announces cash tender offers for seven series of debt securities - TC Energy Corporation has commenced separate offers to purchase for cash any and all of the seven series of outstanding notes of the series, up to a maximum of US$1,750,000,000 aggregate Total Consideration. Subject to the Maximum Purchase Condition, the series of Notes that are purchased in the Offers will be based on the acceptance priority levels. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers. The Offers are made upon the terms and subject to the conditions set forth in the Offer to Purchase dated October 1, 2024 relating to the Notes and the notice of guaranteed delivery attached as Appendix A thereto. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
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TRNO | Hot Stocks09:20 EDT Terreno Realty announces lease in New Jersey - Terreno Realty announced that it has executed a lease for 75,000 square feet in Elizabeth, New Jersey with a third-party logistics provider. The lease commenced on September 30 and will expire January 2028.
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BNET | Hot Stocks09:19 EDT Bion Environmental provides update - Bion Environmental gave an update and announced a shareholder call with management set for October 9. Bion is finalizing testing and data runs at its Ammonia Recovery System demonstration facility at Fair Oaks, Indiana. Final economic optimization is being completed, the company is acquiring data for a third-party engineering report, and is are preparing for final design of the full commercial scale ARS for the Stovall-Bion JV. Bion anticipates completion of this phase in this quarter. The company has received funding from the loan group, although a formal agreement is expected by mid-next week. Bion is in the pre-development phase of the Stovall-Bion project, with a goal to begin construction by December 31.
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BSIG | Hot Stocks09:19 EDT BrightSphere CEO Suren Rana steps down, Kelly Young succeeds - BrightSphere announced that it is taking the next step in transitioning from its multi-boutique legacy structure to a streamlined and singularly focused asset manager. As part of this transition, which included the successful divestiture of six of the company's seven affiliates, the board of directors has appointed Kelly Young, CEO of the company's sole remaining affiliate, Acadian Asset Management, as the company's president and CEO. Additionally, Young has been appointed to the board of directors of the company. Young will continue to run the day-to-day operations of the Acadian Asset Management business. All changes are effective January 1, 2025. As part of the transition, BSIG plans to change its name to Acadian Asset Management and the company's New York Stock Exchange symbol for its common stock will change to AAMI from BSIG. The company's New York Stock Exchange symbol for its 4.800% notes due 2026 will change to AAMI 26 from BSIG 26. Trading under the new name and symbol will begin on or about January 2, 2025. In connection with the appointment of Young as president and CEO of the company, Suren Rana will step down as president and CEO, effective December 31. There are no additional changes in personnel at Acadian or BrightSphere expected in connection with this transition.
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APO | Hot Stocks09:19 EDT TeleVox taking Practice Edition offering to annual Leaders Conference - TeleVox is taking its Practice Edition offering to the Mile High City for the annual Leaders Conference hosted by the Medical Group Management Association. Launched in March, TeleVox Practice Edition offers a suite of services designed specifically to help physicians and their staff overcome common industry challenges, including inefficient scheduling processes, poor communication, low retention, and reputation management. Leaders Conference attendees can preview the AI-enhanced platform at TeleVox booth 1013.
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PDYN RCAT | Hot Stocks09:19 EDT Red Cat and Palladyne AI team to embed artificial intelligence into Teal drones - Palladyne AI Corp (PDYN) and Red Cat Holdings (RCAT) announced a partnership intended to enhance the autonomous capabilities of all Red Cat's Teal drones using Palladyne AI's Pilot software."Red Cat's partnership approach to delivering the best in class solutions has earned them recognition and certification from the U.S. Department of Defense for their drone systems," said Ben Wolff, CEO, Palladyne AI. "We are honored to team with Red Cat to offer advanced and effective technology for aerial intelligence needs for defense, public safety, and commercial operations in challenging environments." Palladyne AI will join Red Cat at the AUSA conference in booth 330, as well as other joint marketing initiatives throughout the year
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CHKP | Hot Stocks09:16 EDT Check Point completes Cyberint acquisition - Check Point completed its acquisition of Cyberint Technologies, a provider of external risk management solutions. Cyberint's key capabilities are now included in the Infinity Platform and managed services.
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APO | Hot Stocks09:16 EDT Apollo Global updates targets for next five years - Targets ANI per share about $15.00 for next five years. Targets about $1.5T assets under management for next five years. Targets 10% average annual growth in fee-related earnings over next five years, with 10% average annual growth in spread-related earnings over next five years. Targeting about $21B capital generation over next five years.
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SUI | Hot Stocks09:15 EDT Sun Communities provides preliminary assessment of Hurricane Helene impact - Sun Communities did not incur any material building or structure damage as a result of Hurricane Helene. The company has access to all its properties, and assessments are still in the early stages. Clean-up and restoration efforts are underway at all affected communities and marinas. At this time, Sun does not expect Hurricane Helene to have a significant impact on operating results or financial condition.
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BMEA | Hot Stocks09:15 EDT Biomea Fusion forms Global Scientific Advisory Board - Biomea Fusion announced the formation of Biomea Fusion's Global Scientific Advisory Board with internationally renowned experts in beta cell science and diabetes therapeutics. The SAB will work closely with Biomea's leadership team as they unlock menin science and beta cell biology to design disease modifying agents that address a root cause of diabetes - beta cell dysfunction. The SAB will also provide strategic guidance for the further clinical development of Biomea's lead candidate BMF-219 - an investigational novel covalent menin inhibitor developed to regenerate, restore, and improve the health and function of insulin-producing beta cells.
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APO | Hot Stocks09:15 EDT Apollo Global 'ahead or on track' for 2026 targets from last Investor Day - Targets include: greater than $9.00 ANI per share, 2.5x FRE, 1.75 SRE, $15B capital generation, $1T AUM, $150B+ origination, $500M ACS revenue. Comments taken from Apollo's Investor Day event.
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CTLP | Hot Stocks09:15 EDT Cantaloupe chairman Douglas Bergeron purchases 285,000 shares - Cantaloupe announced that its chairman of the board Douglas Bergeron, and CEO Ravi Venkatesan, have recently increased their respective positions of the company's stock, reinforcing their confidence in the company's future growth and market position. Bergeron has purchased an additional 285,000 shares of Cantaloupe, Inc. stock, bringing his direct ownership across various investment vehicles to more than one million shares. Additionally, Bergeron holds shares through his former role as co-managing partner of Hudson Executive Capital, Cantaloupe's largest shareholder.
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ADD | Hot Stocks09:14 EDT Color Star Technology regains compliance with Nasdaq minimum closing bid price - Color Star Technology received a formal notification from Nasdaq that the company has regained compliance with Nasdaq Listing Rule which requires the company's ordinary shares to maintain a minimum bid price of $1.00 per share. This bid price deficiency matter is now closed.
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NNE | Hot Stocks09:13 EDT Nano Nuclear appoints Carlos Maidana as head, thermal hydraulics, space program - NANO Nuclear Energy announced that Carlos Maidana, Ph.D. has been appointed as the Company's Head of Thermal Hydraulics and Space Program. He will play a key role in NANO Nuclear's recently formed subsidiary, NANO Nuclear Space, which has been formed to explore potential commercial applications of the Company's developing advanced nuclear technology in space. Dr. Maidana's appointment follows NANO Nuclear's June 2024 acquisition from Dr. Maidana of the novel annular linear induction pump intellectual property, which has applications in small nuclear reactor cooling and heat transfer systems. Dr. Maidana is a distinguished physicist and research engineer with over 22 years of international experience in the fields of engineering, applied sciences, and nuclear systems. He has led a diverse range of cross-disciplinary projects, covering the entire design and development cycle from concept studies to optimization using advanced theoretical, computational, and experimental techniques.
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WLY | Hot Stocks09:13 EDT Wiley expands advanced Journal Portfolio into life and health sciences - Wiley announced plans to further expand the prestigious Advanced Portfolio, a series of highly-regarded journals in materials science, physics, and engineering communities, into new areas of study in the life and health sciences...Wiley plans to launch six new Advanced titles in key health and life sciences fields, such as cell and molecular biology, oncology, neuroscience, and plant science by the end of 2026. In addition, the Advanced Portfolio is deepening its reach in the physical sciences, with a particular focus on chemistry and artificial intelligence A .
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LPLA | Hot Stocks09:13 EDT LPL Financial closes acquisition of Atria Wealth Solutions - LPL Financial closed its acquisition of Atria Wealth Solutions, a wealth management solutions holding company headquartered in New York. LPL expects to meet or exceed its retention target of 80%. Led by Ketterer and the current Atria leadership team, Atria will operate as a fully owned portfolio company through the onboarding of Atria advisors, which is expected to be complete in mid-2025.
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ESGL | Hot Stocks09:12 EDT ESGL executive director purchases company shares - ESGL Holdings announced that its Executive Director, Mr. Lawrence Beng Hui, Law, has recently acquired 1,126,000 ordinary shares of the Company. These transactions, consisting of privately negotiated block trades and open-market purchases, were executed at an approximate average price of US$1.88 per share. As a result of these acquisitions, Mr. Law's ownership stake in ESGL will increase from 1.3% to 4.1%.
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IBM | Hot Stocks09:12 EDT IBM unveils first IBM Quantum Data Center outside U.S. - IBM unveiled the first IBM Quantum Data Center located outside of the United States. It is the company's second quantum data center in the world and marks a significant expansion of its fleet of advanced, utility-scale quantum systems available to global users via the cloud. New IBM quantum data center in Europe will soon include IBM Quantum Heron-based system with reduced error rates, 16 times better performance and a 25-fold increase in speed over 2022 IBM Quantum systems.
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TALO | Hot Stocks09:12 EDT Talos Energy trading resumes
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BNAI | Hot Stocks09:11 EDT Brand Engagement Network's GenAI assistants to be deployed by CareHub - Brand Engagement Network announced a new customer agreement with Carehub, a white-glove, post-acute Chronic Care Management service provider. Through the agreement, BEN's human-like AI assistants will support CareHub's nurse care managers by providing patient-specific information. Reducing the need for care managers to conduct background research on chronic disease and Medicare patients, will allow nurse care coordinators to instead focus on quality of care and empathetic patient interactions, improving patient outcomes and treatment.
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CMTL | Hot Stocks09:11 EDT SES Space & Defense awards Comtech deal for next-gen modems, no terms - Comtech announced SES Space & Defense recently awarded the Company an initial order for Comtech's market-leading software-defined SLM-5650B and other next-generation modems. Initial quantities under this new contract are expected to be delivered over the next year. ..Comtech's portfolio of U.S. sovereign defense technologies and services, including the Company's SLM-5650B and next-generation modems, align with the Space Force Commercial Space Strategy and deliver capabilities that will enhance Combined Joint All Domain Command and Control operations. Comtech's expansive portfolio of defense and security technologies is designed to continuously evolve over time to enable digitalized SATCOM infrastructures and integrate services across blended military and commercial networks to significantly enhance mission effectiveness in future all-domain operations.
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FAT | Hot Stocks09:11 EDT Fat Brands opens first Fatburger, Buffalo's Express in Puerto Rico - FAT Brands announces the opening of the first Fatburger and Buffalo's Express in Puerto Rico. The restaurant is the first of 10 locations set to open on the Caribbean Island in partnership with local franchisee Conceptos Restaurants LLC. The all-new Fatburger and Buffalo's Express is located in Plaza Carolina, Puerto Rico's second largest shopping center known for its exciting dining options, shopping, and cinemas.
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GHSI | Hot Stocks09:10 EDT Guardion Health Sciences announces adoption of plan of dissolution, liquidation - Guardion Health Sciences has notified the Nasdaq Stock Market of its intent to delist its common stock, par value $0.001 per share from the Nasdaq Capital Market. Guardion expects to file a Form 25 with the Securities and Exchange Commission and Nasdaq relating to the delisting of the Common Stock on or about October 11, 2024 and to suspend trading of its Common Stock on the Nasdaq Capital Market prior to the opening of trading on October 14, 2024. Guardion expects that the official delisting of its Common Stock will be effective October 21, 2024. The Company also announced that it has appointed Mark Goldstone, a member of the Company's Board of Directors, to serve as the Company's Interim President and Interim CEO, effective as of October 18, 2024. Mr. Goldstone replaces Ms. Jan Hall as President and CEO, whose departure from the Company, effective on October 17, 2024, was previously announced. As previously disclosed, at a special meeting of stockholders held on May 31, 2024, the stockholders of Guardion approved the adoption of a Plan of Liquidation and Dissolution following the completion of the sale of the Company's Viactiv brand and business. As a result, in addition to delisting its Common Stock, Guardion intends to file its certificate of dissolution with the Delaware Secretary of State on or about October 22, 2024, which Guardion expects to be effective on October 22, 2024. Commencing on the Effective Date, Guardion will close its stock transfer books, after which record holders of shares of Common Stock will cease to have any rights in respect of such shares of Common Stock, except the right to receive distributions, if any, pursuant to and in accordance with the Plan and under the General Corporation Law of the State of Delaware, and will be prohibited from transferring record ownership of their shares of Common Stock, except by will, intestate succession, operation of law or upon dissolution of such record holder or its successors. Guardion expects to pay a liquidating dividend to its stockholders of record as of the close of business on the day preceding the Effective Date, in one or more distributions, in an amount that is anticipated to total approximately $3.25 per share of Common Stock. However, there can be no assurance as to the timing and amount of the distribution to stockholders. There are many factors that may affect the amounts available for distribution to holders of the Common Stock including, among other things, the amount of taxes, employee costs, expenses relating to the dissolution, unanticipated or contingent liabilities arising hereafter and the proceeds we may receive from the sale of other remaining assets, if any. If the Company has underestimated its existing obligations and liabilities or if unanticipated or contingent liabilities arise, the aggregate amount ultimately distributed to the holders of Common Stock could be less than that set forth above. Alternatively, in the event that the Company retains additional cash reserves after satisfactorily satisfying its liabilities, there may be an additional distribution at a future date. At September 30, 2024, Guardion had 1,349,956 shares of Common Stock issued and outstanding. After the Effective Date, Guardion will not engage in any business activities except to the extent necessary to preserve the value of its assets, wind up its business affairs and distribute its assets in accordance with the Plan. Under the DGCL, Guardion will be continued for the term of three years following the Effective Date, or for such longer period as the Delaware Court of Chancery directs, for the purposes of prosecuting and defending suits by or against it and of enabling it to gradually settle and close the business, to dispose of and convey its property, to discharge its liabilities and to distribute to shareholders any remaining assets. Guardion also intends to seek no-action relief from the SEC as soon as practicable in order to indefinitely suspend its reporting obligations under the Securities Exchange Act of 1934, as amended and to file a Form 15 with the SEC in connection therewith. The Form 15 will serve as notice of suspension of the Company's duty to file reports under Sections 13 and 15(d) of the Act.
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SIG | Hot Stocks09:10 EDT Signet Jewelers CEO Drosos to retire, Symancyk to succeed - Signet Jewelers announced that, after twelve years at the Company, Virginia "Gina" C. Drosos is planning to retire as Chief Executive Officer and as a member of the Board of Directors, effective November 4, 2024. Following a thoughtful succession planning and search process, the Board has appointed J.K. Symancyk to succeed Drosos as Chief Executive Officer, and he will also join the Board at that time. Following her retirement, Drosos will continue as an advisor through the end of the Company's fiscal year to support a smooth transition
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CPAY PAYX | Hot Stocks09:10 EDT Corpay appoints Mike Jeffrey U.S. chief revenue officer - Corpay (CPAY) announced the appointment of Mike Jeffrey, a former Paychex (PAYX) senior sales executive, to the newly established role of USA chief revenue officer, or CRO. This new CRO role, reporting to the CEO, will be responsible for new bookings in Corpay's core U.S. market, including the Fleet, Payables, and Workforce Lodging businesses. The CRO will also direct Corpay's cross-sell initiatives. A significant proportion of Corpay's customers already purchase products from multiple Corpay divisions. This new role is designed to create a more unified, single view of the customer across all Corpay segments and capture further cross-sell opportunities where significant white space exists.
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ZM | Hot Stocks09:10 EDT Zoom Video appoints Michelle Chang as CFO - Zoom Video has appointed Michelle Chang as its CFO, effective October 7. Chang brings more than 25 years of experience in financial leadership roles, most recently serving as Corporate VP and CFO of Microsoft's Commercial Sales & Partner Organization. Chang will succeed Kelly Steckelberg, who will continue to serve in an advisory capacity until the announcement of financial results for Zoom's Q3 ending October 31.
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RKT NLY | Hot Stocks09:09 EDT Annaly Capital, Rocket Mortgage enter strategic subservicing relationship - Rocket Mortgage, a part of Rocket Companies (RKT), and Annaly Capital Management (NLY) announced the companies have entered into a subservicing agreement. Under the relationship, Rocket will handle all servicing and recapture activities for a portion of the mortgage servicing rights held by Annaly. "Rocket is committed to the entire homeownership experience from budgeting and credit building, to home search, financing and servicing. We truly believe in building relationships with our clients that last a lifetime - whether through new mortgages or servicing loans," said Bill Banfield, Chief Business Officer of Rocket Companies. "We are honored to be working with Annaly and look forward to providing their serviced clients the same exceptional experience that has made Rocket a perennial recipient of J.D. Power's servicing award."
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JCTCF | Hot Stocks09:09 EDT Jewett-Cameron Trading Company partners with Continental Sales & Marketing - Jewett-Cameron Trading Company Ltd. has partnered with Continental Sales & Marketing to expand distribution with key national and regional home improvement retailers across its various product lines with a particular focus on the company's Lifetime Steel Post and Adjust-A-Gate fence solutions. CSM is a strategic business partner with over 49 years of experience with national and regional home improvement retailers.
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AMPL | Hot Stocks09:08 EDT Amplitude names Wade Chambers chief engineering officer - Amplitude announced that Wade Chambers has joined the company as its first chief engineering officer. With more than 25 years of engineering leadership experience, Chambers will lead Amplitude's Engineering organization. In his new role, Chambers will continue to expand Amplitude's integrated platform, which includes Analytics, Session Replay, CDP, and Experiment. Chambers has served as an advisor to Amplitude since 2016.
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JLL | Hot Stocks09:08 EDT JLL reaches an agreement wot acquire Raise Commercial Real Estate - JLL announced it has reached an agreement to acquire Raise Commercial Real Estate, a technology-powered brokerage that provides client solutions using a transformative digital real estate platform. This acquisition gives JLL and its clients access to Raise's industry-leading leasing technology, while further enhancing JLL's robust global platform. The transaction is expected to close shortly, subject to customary closing conditions. "The acquisition of Raise illustrates our global, tech-powered approach and commitment to delivering consistent excellence for our clients at all stages of the leasing cycle," said Andy Poppink, CEO, Markets Advisory, JLL. "By integrating Raise with our global and local market expertise we will offer an integrated platform solution to our clients so they can swiftly make informed decisions with confidence and ease."
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BVS | Hot Stocks09:07 EDT Bioventus divesting advanced rehabilitation business to Accelmed Partners - Bioventus has signed a definitive agreement to sell its Advanced Rehabilitation business of its subsidiary, Bioness, to Accelmed Partners, a private equity firm focused on acquiring and growing commercial-stage HealthTech companies. The transaction includes a total cash consideration of $45M, including $25M in cash at close and up to $20M in potential post-closing earn-out payments. At the time of closing, the company expects to net approximately $20M after fees and expenses, which will be used to repay existing debt. The divestiture of the Advanced Rehabilitation business reduces the company's annual revenue by approximately $50M and annual Adjusted EBITDA by approximately $6M. The transaction is expected to close in Q4.
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FRPT | Hot Stocks09:06 EDT Freshpet launches first-ever apparel collection with Meghan Trainor - Freshpet launches its first-ever apparel collection with its partner Meghan Trainor in time for the holiday season. The collection includes a "Dog Mom" and "Dog Dad" sweatshirt - sold separately or bundled with other pet-related products. Consumers can select from an assortment of new, on-trend products. All proceeds from sales are going to Freshpet's partner animal rescues including St. Hubert's Animal Welfare Center, Pennsylvania SPCA, Stray Dog Rescue, and Wags & Walks LA.
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WSTRF | Hot Stocks09:06 EDT Western Uranium & Vanadium acquires property to advance milling strategy - Western Uranium & Vanadium announced that the Company has executed a binding Stock Purchase Agreement to purchase 100% of the shares of Pinon Ridge Corporation and thereby acquire an approximately 900 acre property located in Montrose County, Colorado. In connection with the Agreement, the former PRC shareholders will be paid approximately USD830,000 for their PRC equity and shareholder loan repayments. The acquisition is the second property package Western has acquired in addition to the Maverick Mineral Processing Plant site in Utah and is part of Western's plans for developing and licensing one or more uranium and vanadium processing facilities to process production from its resource properties in Colorado and Utah. Western is utilizing a multiple site approach in order to optimize transportation and processing costs; notably, the Utah Site is located approximately four miles from Western's San Rafael project, while the Colorado Site is about 25 miles from Western's flagship Sunday Mine Complex. Significant accretion is sought through mine to mill proximity and the corresponding reduction to transportation and related costs. Purchasing the PRC Site has additional benefits having been previously licensed for a uranium mill in terms of offering a unique opportunity to leverage historical licenses, data and resources. The preliminary engineering design, developed by Precision Systems Engineering, may be utilized at both the proposed Utah Site and the PRC Site. Additionally, the Sites are being designed to process mined material from third party miners. This next generation conventional mill design will include a kinetic separation circuit to separate the mineralized rock from the waste rock in a pre-milling process. The Company plans to evaluate alternate financing approaches to best optimize value to Western's shareholders; scenarios will be considered that involve third parties owning or co-owning the Sites.
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PD | Hot Stocks09:06 EDT PagerDuty appoints Pritesh Parekh as chief information security officer - PagerDuty announced the appointments of Pritesh Parekh as chief information security officer, or CISO, and Rukmini Reddy as Senior VP of engineering. With these appointments, the company expands its senior leadership as it continues its commitment to innovating as the most trusted and resilient digital operations management platform for the enterprise. Parekh will lead PagerDuty's security organization, which is responsible for its product security operations, securing the technology and products, and supporting corporate development, sales, compliance and IT teams.
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CFBK | Hot Stocks09:06 EDT CF Bankshares board increases quarterly dividend 17% to 7c per share - CF Bankshares announced that the Board of Directors of the Company declared a $0.07 per share quarterly cash dividend on its common stock and a corresponding $7.00 per share quarterly cash dividend on its Series D preferred stock. This represents a 17% increase over its previous quarterly dividend. The dividend is payable on October 19, 2024 to shareholders of record as of the close of business on October 11, 2024. Timothy T. O'Dell, President and CEO, commented, "We are pleased to reward our shareholders with a 17% increase in our dividend, which enhances total shareholder returns. We appreciate your confidence and support!"
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APA | Hot Stocks09:05 EDT APA Corp. announces final investment decision for offshore Suriname project - APA Corporation's subsidiary has reached a positive final investment decision for the first oil development in Block 58, located offshore Suriname. The project has been named GranMorgu. GranMorgu will include production from the Krabdagu and Sapakara oil discoveries, where appraisal drilling confirmed gross estimated recoverable resources of more than 750 million barrels of oil. Total investment is estimated at $10.5B, with first oil in 2028. TotalEnergies EP Suriname is the operator of Block 58, with a 50% interest, alongside APA Suriname 58 - 50% -. Staatsolie, Suriname's national oil company, has the option to enter the development project with up to 20% interest upon FID. The Sapakara and Krabdagu fields, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a Floating Production, Storage and Offloading unit located 150 km off the Suriname coast, with an oil production capacity of 220,000 barrels per day. GranMorgu will feature technology that minimizes greenhouse gas emissions. In addition to reaching approval for the Phase-1 Central Area Field Development, the partnership has retained optionality for further exploration in Block 58.
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AMGN | Hot Stocks09:04 EDT Amgen partners with La La Anthony - Amgen has partnered with multi-talented actress, producer and entrepreneur La La Anthony to share her personal journey living with plaque psoriasis, and to inspire people to be open with their doctors about how the disease affects their daily lives. As one of the more than 6 million people in the United States living with plaque psoriasis, La La understands the frustrations of living with this disease. Symptoms can distract from everyday moments, big and small, even influencing clothing or makeup choices.
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STM QCOM | Hot Stocks09:03 EDT STMicroelectronics, Qualcomm enter collaboration in wireless IoT - STMicroelectronics (STM) and Qualcomm Technologies (QCOM) announce a new strategic collaboration for the next generation of industrial and consumer IoT solutions augmented by edge AI. This highly complementary collaboration will see the two companies integrate Qualcomm Technologies' leading AI-powered wireless connectivity technologies, starting with Wi-Fi/Bluetooth/Thread combo system-on-a-chip, with the market-leading microcontroller ecosystem from ST. Through this collaboration, developers will enjoy seamless connectivity software integration into STM32 general-purpose MCUs, including software toolkits, facilitating quick and broad adoption via ST's world-wide sales and distributor channels.
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PTCT | Hot Stocks09:03 EDT PTC Therapeutics announces FDA acceptance for filing of NDA for sepiapterin - PTC Therapeutics announced the FDA has accepted for filing the New Drug Application, NDA, of sepiapterin for the treatment of pediatric and adult patients living with phenylketonuria. A Prescription Drug User Fee Act, PDUFA, target action date is expected to be provided in the Day 74 Letter. "The FDA filing acceptance for sepiapterin is a critical milestone toward bringing this potential important therapy to children and adults living with PKU in the United States," said Matthew B. Klein, M.D., Chief Executive Officer of PTC Therapeutics. "The clinical trial data, including the evidence of enabling diet liberalization, support that sepiapterin can provide significant benefit to PKU patients, helping to meet the persistent, significant unmet need in this community."
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WTW | Hot Stocks09:03 EDT WTW signs agreement to sell Tranzact for $632.4M - WTW has entered into a definitive agreement to sell its Tranzact direct-to-consumer insurance distribution business to GTCR, a private equity firm, and Recognize, a technology services investment platform, for $632.4M, subject to certain adjustments. The sale is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions. WTW anticipates the transaction will result in non-cash pre-tax losses and related impairment charges estimated to be $1.6B-$2.1B, which will be recorded in Q3 and will be updated until the closing date of the transaction.
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TURN | Hot Stocks09:02 EDT 180 Degree Capital notes average discount of NAV per share to stock price - 180 Degree Capital noted that the average discount between its estimated daily net asset value per share and its daily closing stock price during September 2024 and year-to-date through the end of September 2024, were approximately 21% and 20%, respectively. This discount was approximately 24% on September 30, 2024. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors has set two measurement periods of January 1, 2024 to December 31, 2024, and January 1, 2025 to June 30, 2025, in which it will evaluate the average discount between TURN's estimated daily NAV and its closing stock price pursuant to a Discount Management Program. Should TURN's common stock trade at an average daily discount to NAV of more than 12% during either of these measurement periods, the Board will consider all available options at the end of each measurement period including, but not limited to, a significant expansion of 180 Degree Capital's current stock buyback program of up to $5 million, cash distributions reflecting a return of capital to shareholders, or a tender offer. We currently believe that any option and amount selected by the Board will be chosen carefully to not jeopardize the long-term potential of TURN to create value by requiring the monetization of a significant portion of TURN's portfolio at historically low stock prices.
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NEOG QGEN | Hot Stocks08:58 EDT Neogen appoints Bernard to the board of directors - Neogen Corporation (NEOG) announced that it has appointed Thierry Bernard as a director to its Board, effective November 1, 2024. Thierry Bernard is Chief Executive Officer of QIAGEN N.V. (QGEN)
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TRP | Hot Stocks08:57 EDT TC Energy completes spinoff of Liquids Pipelines business into South Bow - TC Energy Corporation has completed the spinoff of its Liquids Pipelines business into South Bow Corporation. As a standalone entity, TC Energy is positioned to achieve greater success by executing a tailored strategy to fully capture the incremental value of its unique opportunity set. Focused on long-term energy fundamentals and capital discipline, the Company will maintain its regulated, low-risk and utility-like portfolio. The TC Energy common shares will resume "regular way" trading on the TSX and the NYSE on Oct. 2, 2024, under the designation TRP. The South Bow common shares will commence "regular way" trading under the designation SOBO on the TSX on Oct. 2, 2024, but will not trade "regular way" on the NYSE until one trading day after the U.S. Securities and Exchange Commission declares South Bow's registration statement on Form 40-F effective. TC Energy currently expects that the South Bow common shares will commence "regular way" trading on the NYSE on or about Oct. 8, 2024
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EEIQ | Hot Stocks08:57 EDT EpicQuest Education announces new collaborative programs at Davis University - EpicQuest Education announced an update of new collaborative academic programs at its owned and operated Davis University. The Company believes that these programs are key additions to its core mission of internationalization. "Our company revenue is substantially bolstered by our programs abroad due to our strategy to collaborate with elite international institutions," commented Zhenyu Wu, CFO of EpicQuest Education. "This enables international students to study in their home countries while also creating a pool of students who choose to complete their studies at our Davis University in Toledo. All of the new programs announced today have the potential to expand from one major to three majors so that both student enrollment and the revenue from these programs could increase substantially."
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HRMY | Hot Stocks08:56 EDT Harmony Biosciences provides comprehensive pipeline update - Harmony Biosciences will be providing a comprehensive pipeline update at its Investor Day event today, showcasing new data from its orexin-2 receptor agonist, next-generation pitolisant programs, and long-term extension data from its pitolisant program in idiopathic hypersomnia. The company will also provide program updates from its strategic acquisitions in Fragile X syndrome, FXS, and rare epilepsies, which have strengthened its late-stage development pipeline. Key Highlights: Orexin-2 agonist program: New data show BP1.15205 is based on a novel chemical scaffold and has demonstrated greater potency compared to all publicly disclosed data on orexin-2 agonists, with the potential to be best-in-class. Pitolisant in Idiopathic Hypersomnia: New data show robust and sustained efficacy of pitolisant in patients with idiopathic hypersomnia in the Long-Term Extension study. Pitolisant-HD program: Preliminary data confirm safety up to five times the highest labeled dose of WAKIX, establishing the safety margins for the pitolisant-HD development program. Fragile X syndrome program: A prespecified ad hoc analysis from the Phase 2 CONNECT-FX in Fragile X syndrome study , Social Avoidance subscale; this and other learnings from this trial have informed the design and selection of the primary endpoint for the Phase 3 RECONNECT study, which is on track for topline data in mid-2025. EPX-100 development program: New safety and tolerability data on EPX-100, topline data in DS is expected in 2026, and a pivotal Phase 3 trial for LGS is on track to initiate later this year.
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SIFY | Hot Stocks08:55 EDT Sify Technologies announces ADS ratio change to be effective on Oct. 4 - Sify Technologies announces that the previously announced ratio change of its American Depositary Shares to equity shares from one ADS representing one equity share to one ADS representing six equity shares will become effective on October 4, 2024. For the Company's ADS holders, the ADS Ratio Change will have the same effect as a one-for-six reverse ADS split and will have no impact on an ADS holder's proportional equity interest in the Company, except to the extent that the ratio change would have resulted in an ADS holder owning fractional ADSs. There will be no change to the Company's equity shares. On the Effective Date, registered holders of the Company's ADSs held in certificated form will be required on a mandatory basis to surrender their certificated ADSs to Citibank, N.A., the depositary bank for cancellation and will receive one new ADS in exchange for every six existing ADSs surrendered. Holders of uncertificated ADSs in The Depository Trust Company and Direct Registration System will have their ADSs automatically exchanged and need not take any action. The exchange of every six then-held ADSs for one new ADS will occur automatically at the Effective Date, with the then-held ADSs being cancelled and new ADSs being issued by the Depositary.
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AYTU | Hot Stocks08:54 EDT Aytu BioPharma enters exclusive commercialization agreement with Lupin - Aytu BioPharma and Lupin Pharma Canada announced the signing of an exclusive collaboration, distribution and supply agreement for Aytu's Adzenys XR-ODT and Cotempla XR-ODT product lines in Canada. Lupin will seek local regulatory approvals and marketing authorizations for both Adzenys XR-ODT and Cotempla XR-ODT, which is expected to occur over the next 18 to 24 months.
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LEN | Hot Stocks08:53 EDT Lennar's Quarterra Multifamily announces start of contruaction at Emblem - Quarterra Multifamily, a subsidiary of Lennar Corporation and a multifamily apartment developer, property manager, and asset manager, announced the start of construction at Emblem Summerville, an attainably priced community located in the historic city of Summerville, South Carolina, 25 miles northwest of Charleston.
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TALO | Hot Stocks08:52 EDT Talos Energy trading halted, news pending
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JAGX | Hot Stocks08:52 EDT Jaguar Health announces completed analysis from Phase 3 OnTarget trial - Jaguar Health announced that the recently completed analysis of the prespecified subgroup of adult patients with breast cancer from the company's Phase 3 OnTarget trial indicate that crofelemer achieved statistical significance in this subgroup. Patients with breast cancer accounted for nearly 180 of the 287 participants in this unprecedented prophylactic clinical trial recently conducted by Jaguar family company Napo Pharmaceuticals for diarrhea in adult patients with solid tumors receiving targeted therapy with or without standard chemotherapy. "The breast cancer results from OnTarget are a responder analysis, as was the primary endpoint in the phase 3 ADVENT trial that led to FDA approval of crofelemer for its currently commercialized indication for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy," said Lisa Conte, Jaguar's president and CEO. "This data in breast cancer patients has been submitted to a relevant oncology conference by the study's primary investigators, and a full study report for the breast cancer results is expected to be submitted to a peer-reviewed journal. Additional analyses of OnTarget prespecified subgroups are ongoing, and we believe data from additional analyses may result in future submissions to peer-reviewed forums." As previously announced, the initial top line results from the OnTarget study showed that the multicenter, double-blind, placebo-controlled pivotal clinical trial did not meet its primary estimand for the prespecified analysis of all tumor types. The subgroup analysis in adult breast cancer patients demonstrates that crofelemer provides clinically meaningful improvement in this patient population, and suggests that crofelemer has the potential to help breast cancer patients to better adhere to their cancer therapies.
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HEI | Hot Stocks08:51 EDT Heico acquires Marway Power Solutions, terms not disclosed - HEICO Corporation announced that its Electronic Technologies Group acquired 92.5% of Marway Power Solutions for cash at closing. The balance of the company's ownership will continue to be held by its executive management. Further financial terms were not disclosed. HEICO stated that it expects the acquisition to be accretive to earnings within the year following the acquisition. Founded in 1980, Marway is a leading designer and manufacturer of power distribution solutions for mission-critical systems deployed in defense, aerospace, communications, test & measurement, and industrial applications on land, air, and sea. Its primary products are power distribution units, power supplies, automatic transfer switches and related control panels. Based in Santa Ana, CA, Marway employs approximately 50 people at its facility there. Paul Patel, Marway's long-time President and CEO, will continue leading the company and Marway will continue operating from its existing engineering and manufacturing facility. HEICO also stated that it does not expect any material Team Member turnover to result from the acquisition.
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PED | Hot Stocks08:50 EDT Pedevco enters participation agreement, AMI with D-J Basi E&P Company - PEDEVCO has entered into a five year Participation Agreement and Area of Mutual Interest with a large, Denver, Colorado-based private equity-backed D-J Basin E&P Company with extensive operational experience, pursuant to which the companies have agreed to participate in the joint development of approximately 10,750 net acres collectively held by the companies in the SW Pony Prospect located in Weld County, Colorado. The parties have formed an approximately 16,900 gross acre AMI in the prospect, with PEDVCO holding a 30% interest and the Operator holding a 70% interest in the combined acreage. The companies have agreed that the highly-experienced private company will operate the SW Pony Prospect under a joint operating agreement entered into by the parties, with the parties contemplating drilling and completing a minimum of five horizontal Niobrara wells per year over the next five years. Additionally, pursuant to the PA, PEDEVCO has acquired a ~27.9% working interest in six new horizontal D-J Basin wells that were drilled and completed in Q3 2024 in the SW Pony Prospect, which will add an immediate and significant production uplift to PEDEVCO in Q3 2024, and for which PEDEVCO will pay its ~27.9% proportional capital expense. The AMI covers approximately 16% of PEDEVCO's D-J Basin acreage, but does not include any acreage where PEDEVCO has existing permits for its anticipated future operated development.
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KRKNF | Hot Stocks08:48 EDT Kraken announces over 50 mine-like targets found with MINSAS during exercise - Kraken Robotics announces that their Miniature Interferometric Synthetic Aperture Sonar was evaluated by five NATO navies at the Portuguese Navy annual Robotic Experimentation and Prototyping with Maritime Unmanned Systems exercise, which took place in Sesimbra and Troia, Portugal. Five Kraken MINSAS modules were integrated onsite to American, Dutch, Swedish, Belgian, and Portuguese uncrewed underwater vehicles. These systems combined were able to locate more than 50 mine-like targets over the course of the exercise. Kraken's MINSAS was used for a wide range of tasks during the exercise including area search and reacquire/identify. Real-time beamforming and georeferencing facilitated the rapid recovery of acquired data from payloads, enabling immediate post-mission analysis of data when the UUVs returned to shore using SeeByte's SeeTrack C2 System. Kraken SAS was also used in a multi-national collaborative autonomy exercise to survey mine-like objects in a full 'Find-Fix-Finish' mission. SeeByte's SeeTrack and Neptune collaborative autonomy software, combined with the U.S. Navy's C2 and TAK, were used to plan and execute the multi-national exercise. Additionally, SeeTrack provided the tasking of a VideoRay Defender remotely operated vehicle to conduct an in-stride digital 'Finish'.
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ACHV | Hot Stocks08:46 EDT Achieve Life Sciences appoints Mark Rubinstein as head of medical affairs - Achieve Life Sciences announced the appointment of Dr. Mark L. Rubinstein as its new Head of Medical Affairs. Prior to joining Achieve, Dr. Rubinstein served as the Head of Medical Affairs at Blip, where he spearheaded the company's strategy to help smokers and vapers quit through FDA-approved medications and digital support tools.
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CETX | Hot Stocks08:45 EDT Cemtrex 's Advanced Industrial Services subsidiary wins $4.5M contract - Cemtrex has received a $4.5M contract through its Advanced Industrial Services subsidiary. The contract award is for both Phase 1 and Phase 2 of the Department of General Services' Elizabethtown Training Academy project. Phase 1 of the project involves the complete renovation of the HVAC systems at the academy, while Phase 2 will focus on the renovation of the Boiler Plant and the Domestic/Fire Protection piping. The project is expected to be completed in the company's FY25.
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SIDU | Hot Stocks08:44 EDT Sidus Space completes environmental testing of LizzieSat - Sidus Space announced the completion of the environmental testing of LizzieSat. This achievement comes as the company prepares for the upcoming launch which is planned to carry LS-2 into Low Earth Orbit later this year. The environmental testing, conducted by Element Materials Technology in Orlando, subjected the fully integrated LS-2 satellite to comprehensive random vibration tests, simulating launch conditions and verifying its structural integrity. These tests confirmed that LS-2 and its instruments can withstand more than three times the maximum predicted launch environment while maintaining full functionality in orbit.
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EVOK | Hot Stocks08:44 EDT Evoke Pharma announces warrant proceeds, board expansion - Evoke Pharma received approximately $3.0 million in gross proceeds from the amendment and exercise of existing warrants. The approximately $3.0 million in gross proceeds will be used to support working capital and general corporate purposes, including advancing the commercial efforts for GIMOTI. Details of the exercised warrants can be found in the corresponding SEC filing. No new warrants were issued with these transactions which closed on September 30, 2024. As part of this transaction, Nantahala Capital Management, an existing investor and warrant holder, has been granted the right to nominate two members to the company's Board of Directors.
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STNG | Hot Stocks08:43 EDT Scorpio Tankers sells vessel for $73.5M - Scorpio Tankers has entered into an agreement to sell its 2019 built LR2 product tanker, STI Lily. The sale price is $73.5M and the sale is expected to close within Q4.
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TSNDF | Hot Stocks08:43 EDT TerrAscend closes on remaining $26M draw of $140M debt financing - TerrAscend announced that certain entities consolidated by the Company in Michigan have completed the second draw of $26 million in gross proceeds of the Company's senior secured term loan for total gross proceeds of $140 million from funds managed by FocusGrowth Asset Management, along with other members of a loan syndicate, which was previously announced on August 2, 2024. The proceeds from the second draw were used to pay down the Company's higher interest Michigan debt. The Loan included an initial draw of $114 million in gross proceeds, which was completed in August 2024, bringing the total gross proceeds under the Transaction to $140 million. The Loan carries an interest rate of 12.75%, matures in August 2028, contains no prepayment penalties and is guaranteed by the Company and TerrAscend USA, Inc. No warrants were issued as part of the Loan. The Loan is secured by the Consolidated Entities in Pennsylvania, California and Michigan, as well as certain entities in Maryland. Ventum Capital Markets acted as the exclusive financial advisor to the Company for the Transaction.
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AISP | Hot Stocks08:42 EDT Airship AI wins $4M contract with Department of Homeland Security - Airship AI has been awarded a $4.0M single year fixed firm price contract to an agency within the Department of Homeland Security for the company's Acropolis Enterprise Sensor Management video and data management platform, Outpost AI edge IoT appliances, and integrated solutions leveraging Airship AI capabilities supporting emerging public safety and investigative requirements. Airship AI's Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital ecosystem from a single web-based graphical user interface.
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BKSY | Hot Stocks08:42 EDT BlackSky wins $6M contract expansion from defense sector customer - BlackSky Technology won an approximately $6M contract expansion from an international defense sector customer, bringing the total annual commitment to nearly $18M, for subscription-based Assured access to Gen-2, high-cadence, low-latency imagery services. "BlackSky is setting new standards for space-based intelligence operations as a trusted mission partner to the most demanding defense and intelligence customers in the world," said Brian O'Toole, BlackSky CEO. "We have established a new era of real-time monitoring where our current Gen-2 rapid-revisit capabilities add a level of reliable persistence and transparency over critical areas of interest. This contract renewal is a testament that our unique rapid-revisit capabilities are meeting market demand," said O'Toole.
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MSSA | Hot Stocks08:41 EDT Metal Sky Star Acquisition enters non-binding LOI to acquire Okidoki - Metal Sky Star Acquisition has entered into a non-binding letter of intent for a business combination with Okidoki. Founded in 2007, Okidoki has become one of Estonia's largest and most popular general classifieds platform. Serving as a trusted marketplace for both individuals and businesses, the platform boasts over 800,000 registered users, including more than 2,000 business accounts. As a vital marketplace for the Estonian community, Okidoki is poised for expansion into new countries. Under the terms of the LOI, the Company and Okidoki would become a combined entity. Okidoki's existing equity holders would roll 100% of their equity into the combined public company, based on a total equity value of $120 million for Okidoki. The Company expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected in the fourth quarter of 2024. There are no guarantees that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all. Any transaction would be subject to board and equity holder approval of both companies, regulatory approvals and other customary conditions.
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INBS | Hot Stocks08:40 EDT GPS Marine adopts Intelligent Bio Solutions' Fingerprint Drug Testing technology - Intelligent Bio Solutions announced the addition of GPS Marine, a leading provider of marine construction and logistics services, to its growing number of customer accounts.
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CDIO | Hot Stocks08:39 EDT Cardio Diagnostics: PrecisionCHD,Epi+Gen CHD get pricing determinations from CMS - Cardio Diagnostics Holdings announced that the Company's PrecisionCHD and Epi+Gen CHD tests have received preliminary pricing determinations from the Centers for Medicare & Medicaid Services CMS. This determination represents a crucial step toward securing Medicare reimbursement, enabling access to the Company's affordable, innovative, and highly scalable blood tests aimed at improving the risk assessment, diagnosis, management and monitoring of coronary heart disease CHD for Medicare patients..."We are proud to reach this important milestone with CMS, bringing us closer to making our cutting-edge cardiovascular tests accessible to Medicare patients," said Meesha Dogan, Ph.D., CEO and Co-Founder of Cardio Diagnostics.
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XPON | Hot Stocks08:39 EDT Expion360 selected by Scout Campers as provider of lithium battery solutions - Expion360 announced a new partnership with Scout Campers, a subsidiary of Adventurer Manufacturing. As part of this collaboration, Scout Campers will equip their campers with Expion360's lithium-ion batteries as a standard option. Starting with model year 2025 production, each camper built by Scout Campers will feature a single Group 27 132Ah VHC internally heated lithium battery from Expion360. Additionally, customers will have the option to upgrade the power capacity of their camper by adding a second Expion360 battery.
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INSE | Hot Stocks08:38 EDT Inspired Entertainment signs licensing agreement with the NHL - Inspired Entertainment signed a licensing agreement with the National Hockey League. This agreement grants Inspired rights to develop interactive, fixed odds Virtual Sports games featuring the NHL logo and NHL Club jerseys and names further enriching its extensive portfolio of relationships with major professional sports leagues. The licensing agreement provides Inspired access to a variety of NHL brand assets, enabling the creation of engaging gaming experiences for NHL fans worldwide. This new game will utilize the most advanced motion capture technology Inspired has ever implemented, ensuring unparalleled realism and immersion in gameplay. With this development, Inspired Entertainment has completed its North American suite of premier sports licenses. The official launch of NHL-integrated products is anticipated in Q4.
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WKHS | Hot Stocks08:38 EDT Workhorse Group's W56 step van completes 1,000 mile drive - Workhorse Group announced the completion of a 1,000-mile journey in its W56 step van. Starting with a drive from the Workhorse Ranch in Union City, Indiana to the company's headquarters in Cincinnati, Ohio, the W56 then continued 940 miles to Orlando, Florida, covering a total of 1,028 miles. This real-world demonstration highlights the W56's performance, reliability and durability as it arrives at the FedEx Forward Service Provider Summit after the three-day journey from Cincinnati. The vehicle successfully navigated through various terrains and difficult weather conditions. Hurricane Helene brought strong winds and heavy rain during portions of the journey, and the W56 performed reliably, maintaining steady performance and durability. With a 150+ mile range and an average efficiency of 27 MPGe during this trip, supported by regenerative braking and fast charging at public Level 3 charging stations, the W56 showcased its ability to handle the demands of long-distance travel. The vehicle excelled in every situation, from traversing mountain passes to covering over 900 miles of long highway stretches, despite the limited regenerative assistance opportunities on highways.
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PCTY | Hot Stocks08:37 EDT Paylocity completes acquisition of Airbase - Paylocity has completed its acquisition of Airbase, a finance and spend management software solution that combines bill pay / accounts payable automation, expense management, corporate cards and procurement capabilities. The acquisition of Airbase represents an expansion of Paylocity's suite and is expected to deliver incremental integrated value to HR and finance leaders in managing all of their spend on a single platform. The acquisition of Airbase is expected to represent approximately 1% of total revenue and dilute adjusted EBITDA margin by approximately 100 basis points in FY25.
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HSAI VWAGY | Hot Stocks08:37 EDT Hesai, SAIC Volkswagen sign new partnership on automotive lidar program - Hesai Technology (HSAI) announced the signing of a cooperation framework with SAIC Volkswagen, a Sino-German joint venture operated by SAIC Group and Volkswagen (VWAGY). The cooperation will establish a strong foundation for Hesai and SAIC Volkswagen to build a new ecosystem for the automotive industry, with Hesai's advanced lidar products and technology at the core.
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KOPN | Hot Stocks08:37 EDT Kopin gets deal to develop daytime readable see-through HUD module - Kopin Corporation announced that it has secured a contract to further develop its daytime-readable, augmented reality HUD Head-Up Display technology in support of warfighters. The goal of this next-generation HUD is to offer enhanced resolution, better daytime readability and a greater see-through field of view-and require less power. "Warfighters want to keep their eyes on the horizon to detect and address threats, instead of looking down at a device," said Bill Maffucci, Sr. VP Business Development and Strategy. "Our technology provides a wide range of augmented geospatial information in a heads-up format, reducing the loss of situational awareness. In addition, the new HUD module aims to meet the growing demand for an advanced display solution that is easily readable in daytime lighting." Kopin has been developing daytime-readable, see-through HUDs and demonstrating early prototypes. The new contract award is for the development of a next-generation HUD with advanced specifications for a specific targeted application. Key features and capabilities include:
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IDCC | Hot Stocks08:36 EDT InterDigital signs new license agreements with TPV - InterDigital has signed new patent license agreements with TPV, a major manufacturer of a range of digital TVs under various brands. These agreements license TPV to InterDigital's extensive portfolio of HEVC patents as well as DTV patents licensed through InterDigital's joint licensing program with Sony.
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TEVA | Hot Stocks08:36 EDT Teva launches generic version of Sandostatin LAR Depot in the U.S. - Teva launched the first and only generic version of Sandostatin LAR Depot, in the United States. Octreotide acetate for injectable suspension - the generic version of Sandostatin LAR Depot - is indicated to treat acromegaly and severe diarrhea for carcinoid syndrome. Sandostatin LAR Depot had annual sales of $826M as of July 2024. Octreotide acetate for injectable suspension, the generic version of Sandostatin LAR Depot, is a prescription medication used in patients in whom initial treatment with octreotide acetate injection has been shown to be effective and tolerated for: long-term maintenance therapy in acromegalic patients who have had an inadequate response to surgery and/or radiotherapy, or for whom surgery and/or radiotherapy, is not an option to reduce GH and IGF-1 levels to normal; long-term treatment of the severe diarrhea and flushing episodes associated with metastatic carcinoid tumors; long-term treatment of the profuse watery diarrhea associated with VIP-secreting tumors.
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PAYX | Hot Stocks08:36 EDT Paychex sees FY25 interest on funds held for clients $145M-$155M - The company said, "Our business outlook for the fiscal year ending May 31, 2025 ("fiscal 2025") incorporates current assumptions and market conditions. Changes in the macroeconomic environment could alter our guidance. With consideration of these impacts, we have updated our business outlook as follows: Interest on funds held for clients is now anticipated to be in the range of $145 million to $155 million. Other income, net is now anticipated to be in the range of $30 million to $35 million. Other aspects of our guidance for fiscal 2025 remain unchanged from what we provided previously."
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ATOS | Hot Stocks08:36 EDT Atossa Therapeutics announces recognition of Breast Cancer Awarenss Month - Atossa Therapeutics announced its recognition and support of Breast Cancer Awareness Month this October; highlighting the importance of increasing awareness, advancing research, and driving progress toward innovative treatments for breast cancer. Approximately one in eight women will be diagnosed with breast cancer in their lifetime, so this annual campaign serves as a powerful reminder of the ongoing need for education, early detection, prevention, and access to effective treatment options. Atossa Therapeutics is a clinical-stage biopharmaceutical company developing innovative medicines for breast cancer. This year's Breast Cancer Awareness Month takes on added significance with the recent implementation of the U.S. Food and Drug Administration's updated rule under the Mammography Quality Standards Act. The new rule, which became effective on September 10, 2024, requires healthcare providers to notify women of their breast density results following a mammogram. Dense breast tissue is a known risk factor for breast cancer, and women with this condition are encouraged to consult with their healthcare providers about additional screening options to ensure earlier detection.
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SONY | Hot Stocks08:35 EDT Users report problems at Sony's PlayStation Network, says Downdetector - Reference Link
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CNTM | Hot Stocks08:35 EDT ConnectM secures Master Services Agreement with Devlin Energy - ConnectM Technology has entered into a Master Services Agreement with Devlin Contracting and Maintenance, Inc. doing business as Devlin Energy, a business dedicated to renewable energy and solar installations within New England. This arrangement materially expands ConnectM's business portfolio mix and revenue generation with an array of residential and commercial solar installation and battery storage capabilities. Under the terms of the MSA, on or before September 30, 2025, ConnectM has the option to acquire Devlin Energy at a valuation of $39.0 million based upon Devlin Energy attaining certain Revenue and Net Income thresholds as outlined below: October 1, 2024 - September 30, 2025: Revenue $21 million, Net Income: $3.0 million; October 1, 2025 - September 30, 2026: Revenue $45 million, Net Income: $6.6 million; October 1, 2026 - September 30, 2027: Revenue $63 million, Net Income: $11.5 million; October 1, 2027 - September 30, 2028: Revenue $82 million, Net Income: $16.2 million; October 1, 2028 - September 30, 2029: Revenue $108 million, Net Income: $22.5 million.
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SONY | Hot Stocks08:35 EDT Sony's PlayStation Network says 'some services experiencing issues' - Sony's PlayStation Network said on its website that "some services are experiencing issues," and that players "might have difficulty" logging in, creating accounts, launching games or getting video content. Reference Link
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DRIO | Hot Stocks08:34 EDT DarioHealth announces a new contract with a national Medicare Advantage plan - DarioHealth announces a new contract with a national Medicare Advantage health plan to launch its behavioral health solution for the Plan members beginning in January 2025. This new contract marks the beginning of a strategic relationship, starting with Dario's behavioral health solution, Twill by Dario, in 2025 and potentially expanding to additional Dario solutions in 2026 and beyond. The multi-million-dollar contract is expected to be a significant contributor to the annual recurring revenue growth in Dario's Business-to-Business-to-Consumer channel in 2025. This is the fourth national health plan that Dario has contracted with, bringing the total to seven health plans overall and marking the first national health plan contract in the Medicare Advantage market.
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GDC | Hot Stocks08:33 EDT GD Culture Group enter partnership with Tuolan Network Technology - GD Culture Group and its subsidiary, AI Catalysis announced its partnership with Tuolan Network Technology, aimed at further enriching and expanding the Company's AI Creator Community. Designed as a hub to empower creators to produce innovative AI-generated content, the Company's AI Creator Community aims to increase the exposure of the company's brand and technology, encouraging more people to use the Company's technology and services. As part of this initiative, the Company has introduced an AI Video Contest to inspire creators to explore the potential of AI in video production. The Contest invites participants from around the globe to submit their most innovative AI-generated videos, short films, and advertising content. This initiative is set to push the boundaries of creativity and technology, offering participants a platform to demonstrate how AI can transform storytelling and digital media. Winners and their works will be showcased on the official AI Catalysis website. Prizes and special awards will be granted to the selected winners, with some winners having opportunities to participate in the Company's future projects. To amplify the reach and impact of the Contest, Tuolan will leverage its expertise in TikTok operations, promoting the Contest across its extensive social media channels and networks. This collaboration ensures that the Contest garners significant visibility and attracts a diverse range of talented creators. In addition to the Contest, AI Catalysis and Tuolan will offer a series of courses designed to help AI creators enhance their skills. These courses will cover key areas such as advanced AI video production techniques, strategies for engaging TikTok audiences, and best practices for leveraging AI tools in creative projects. Tuolan's extensive experience in AI video production and TikTok content creation will be instrumental in delivering these courses, providing creators with the skills and knowledge needed to excel in a rapidly evolving industry.
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AMN | Hot Stocks08:32 EDT AMN Healthcare announces CFO transition - AMN Healthcare announced that Jeffrey Knudson will step down from his role as CFO, effective November 8, to pursue an opportunity with a private company outside of the healthcare staffing industry. AMN expects to announce a new leader in an expanded CFO/COO position prior to Knudson's departure. AMN reaffirmed its financial guidance for Q3.
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GP | Hot Stocks08:32 EDT GreenPower Motor receives follow-on order for 10 EV Star Passenger Vans - GreenPower Motor Company announced an order for 10 EV Star Passenger Vans to be delivered to Washington University in St. Louis for on-campus student transportation. "We are excited to receive this second order from Washington University," said Claus Tritt, GreenPower's Vice President of Medium-Duty and Commercial Sales. "The University has been providing student transportation on campus for more than two years now with five EV Star Passenger Vans. This second group of ten all-electric, purpose-built, zero-emission GreenPower vehicles will allow the college to provide additional safe, sustainable and healthy transportation for its students."
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IPW | Hot Stocks08:32 EDT iPower launches SuperSuite Supplier Portal - iPower announced the launch of its SuperSuite Supplier Portal. This new online platform is a pivotal part of iPower's SuperSuite services, enhancing operational efficiency and fostering seamless collaboration with its supply chain partners.
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LPSN | Hot Stocks08:31 EDT LivePerson announces the launch fo LivePerson Community - LivePerson announced the launch of the LivePerson Community, a new customer-driven destination that facilitates connection and growth across its global customer base. The community helps brands gain the maximum value from LivePerson's industry-leading customer conversations platform and transform their contact centers into digital-first hubs for customer experience.
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BBGI | Hot Stocks08:31 EDT Beasley Broadcast extends withdrawal deadline, expiration for exchange offer - Beasley Broadcast Group announced that the Withdrawal Deadline, Expiration Date and Subscription Form Delivery Date in connection with the previously announced exchange offer, tender offer, and offering of new notes by its wholly owned subsidiary, Beasley Mezzanine Holdings, have been extended to 5:00 P.M., New York City time, on October 4, 2024, unless further extended. The Settlement Date has been extended to October 8, 2024, unless further extended. The extension was granted at the request of certain key holders of the existing 8.625% Senior Secured Notes due 2026 to amend their relative participation in the Tender Offer and the Exchange Offer. As of 5:00 pm on September 30, 2024, approximately 93% of outstanding Existing Notes have been submitted for tender or exchange in the Offers. The Company anticipates that after accommodating this request the total number of Existing Notes tendered or exchanged by the requesting Holders will remain unchanged.
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PRZO | Hot Stocks08:30 EDT ParaZero receives new order for counter-drone system - ParaZero has received a new purchase order for its Counter-Unmanned Aerial Systems solution from a global Tier 1 defense and intelligence OEM company. ParaZero's C-UAS solution offers a drone neutralization system providing protection for critical infrastructure, sensitive military operations, and public spaces while also ensuring minimal disruption while neutralizing aerial threats.
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CHK SWN | Hot Stocks08:29 EDT Chesapeake, Southwestern Energy complete merger - Chesapeake Energy Corporation (CHK) and Southwestern Energy Company (SWN) closed on their previously announced combination. The combined company has been rebranded as Expand Energy Corporation. Expand Energy's common stock will commence public trading on the NASDAQ under the ticker "EXE" at the open of trading on October 2, 2024, and will continue to trade today under the symbol "CHK". "As America's largest natural gas producer and a top producer globally, Expand Energy is built to disrupt the industry's traditional cost and market delivery model," said Nick Dell'Osso, Expand Energy's President and Chief Executive Officer. "Behind our advantaged portfolio, peer-leading returns program and resilient financial foundation, we are poised to capture the significant synergies provided by this powerful combination. We will expand opportunity for shareholders and consumers alike by enhancing margins and reaching more markets, reducing the overall cost of energy. The world needs more energy, and our team is committed to sustainably delivering it to consumers."
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AREB | Hot Stocks08:29 EDT American Rebel ships first orders to Dichello Distributors - American Rebel announced the shipment of the first order to Dichello Distributors from AREB's operating subsidiary, American Rebel Beverages. The multiple pallet order consisted of 12oz and 16oz cans from the recently completed production run in late August 2024 that became available for shipment the first week of September and delivery was completed and received by Dichello Distributors on approximately September 20. Dichello Distributors is the largest privately owned Anheuser-Busch distributorship in Connecticut.
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ESGR SPNT | Hot Stocks08:28 EDT Enstar Group completes loss portfolio transfer with SiriusPoint - Enstar Group Limited (ESGR) announced that one of its wholly-owned subsidiaries has closed a previously announced loss portfolio transfer transaction with a subsidiary of SiriusPoint Ltd. (SPNT) to reinsure a $400 million portfolio of Workers' Compensation business covering underwriting years 2018 to 2023. Under the reinsurance agreement, SiriusPoint will cede net reserves of approximately $400 million, and Enstar's subsidiary will provide approximately $200 million of cover in excess of the ceded reserves, with claims management transferring to Enstar. Completion of the transaction followed receipt of regulatory approvals and satisfaction of various other closing conditions.
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FPAY... | Hot Stocks08:26 EDT FlexShopper files patent infringement lawsuits against Upbound Group, Katapult - FlexShopper (FPAY) has initiated legal action to defend its intellectual property filing patent infringement lawsuits against Upbound Group (UPBD) and Katapult Holdings (KPLT) alleging unauthorized use of FlexShopper's patented technologies. The lawsuits revolve around five key patents, granted between 2018 and the present, which protect FlexShopper's computer-implemented lease-to-own technology. The lawsuits accuse Upbound Group and Katapult of multiple forms of infringement, including direct infringement, contributory infringement, and inducement of others to infringe. FlexShopper is seeking both injunctive relief to prevent further infringement and monetary damages. The patents in question cover FlexShopper's systems and methods for enabling retailers to partner with third-party lease-to-own providers.
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MDGL | Hot Stocks08:26 EDT Madrigal Pharmaceuticals appoints Michael Charlton as SVP, clinical development - Madrigal Pharmaceuticals announced the appointment of Michael R. Charlton, M.B.B.S., F.R.C.P., as Senior Vice President, Clinical Development, effective October 1, 2024. Charlton has more than thirty years of leadership experience in hepatology, gastroenterology, and liver transplantation, with a particular expertise in NASH. He has held academic leadership roles at the Mayo Clinic, where he served as Director of Hepatology, the University of Chicago and Intermountain Medical Center. As Medical Director of the Transplant Institute at the University of Chicago, Dr. Charlton spearheaded innovative clinical programs targeting NASH and other liver disease
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BCO | Hot Stocks08:25 EDT Brink's appoints Nader Antar as president, Brink's Global Services - The Brink's Company announced the appointment of Nader Antar as EVP and President, Brink's Global Services, effective October 1, 2024. Antar will join the executive leadership team and report to Mark Eubanks, president and CEO. Most recently, Nader served as President, Saur International, headquartered in France. Antar succeeds Dominik Bossart, who stepped down from his position as EVP and President, Latin America and Brink's Global Services as of September 30, 2024 and will remain in the organization as a senior consultant to ensure a smooth transition.
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SSIC | Hot Stocks08:24 EDT Silver Spike Investment completes loan portfolio acquisition - Silver Spike Investment completed its acquisition from Chicago Atlantic Loan Portfolio of a portfolio of loans in exchange for newly issued shares of the company's common stock. As a result of the Loan Portfolio Acquisition, the company has net assets of approximately $300M and investments in 28 portfolio companies. In connection with the Loan Portfolio Acquisition, the company issued 16,605,372 shares of its common stock to CALP. Following the Loan Portfolio Acquisition, CALP and legacy SSIC stockholders own approximately 72.8% and 27.2%, respectively, of the outstanding shares of the company's common stock. Separately, Silver Spike Capital closed its transaction with Chicago Atlantic BDC Holdings, the investment adviser of CALP, pursuant to which a joint venture between Chicago Atlantic and SSC has been created to combine and jointly operate SSC's, and a portion of Chicago Atlantic's, investment management businesses. The new investment advisory agreement has the same base management and incentive fee as, and otherwise does not materially differ from, the prior investment advisory agreement. In connection with the transactions, the Board and the officers of the company have changed as follows: Frederick Herbst - Independent Director -, John Mazarakis - Partner at Chicago Atlantic -, and Jason Papastavrou - Independent Director - have joined the Board, to serve until the 2025, 2026, and 2027 annual meetings of stockholders, respectively, and until their respective successors are duly elected and qualified; Andreas Bodmeier -- Partner at Chicago Atlantic - has replaced Gordon as CEO of the company; Gordon has become Executive Chairman of the Board and Co-Chief Investment Officer of the company; Umesh Mahajan has become Co-Chief Investment Officer in addition to remaining CFO and Secretary; and Dino Colonna, previously Partner and Co-Head of Credit at SSC, has become the President. In addition, the company has been renamed "Chicago Atlantic BDC" and its ticker symbol will be changed to "LIEN," and the Adviser has been renamed "Chicago Atlantic BDC Advisers, LLC." The changes to the cname and ticker symbol will become effective in the market at the open of business on October 2.
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BREA | Hot Stocks08:24 EDT Brera Holdings commences trading on Upstream - Brera Holdings announced that as of 10:00 AM EST this morning, its Class B Ordinary Shares began trading on Upstream, a MERJ Exchange market and global securities trading app, under the ticker symbol BREA. The dual listing on Upstream provides international investors worldwide with streamlined access to Brera Holdings PLC shares using just an app.
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SGU | Hot Stocks08:22 EDT Star Group announces new credit facility - Star Group announced that it has entered into a seventh amended and restated asset-based credit facility which expires in September 2029 and provides the borrower under the Credit Facility with an ability to borrow up to $400 million on a revolving line of credit for working capital purposes, including the issuance of up to $25 million in letters of credit. The Credit Facility also provides for a $210 million five year senior secured term loan; proceeds from the term loan will be used to repay existing outstanding debt of $132.1 million with the balance of $77.9 million available for certain identified acquisitions and general corporate purposes.
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GMGI | Hot Stocks08:21 EDT Golden Matrix's Meridianbet expands sports wagering product suite - Golden Matrix Group announced a substantial expansion to the width of the product lineup of its subsidiary, Meridianbet. The expansion, powered by GMGI's proprietary software developed by its Meridianbet subsidiary, introduces approximately 170 new games with over 2,000 additional betting selections per each match. This strategic move is designed to broaden the Company's market appeal and increase user engagement, revenue streams and market share in respective jurisdictions. The new offering introduces five game groups for each match: Players, Special, Corners, Cards, and Time Games. These additions provide users with a more comprehensive and immersive betting experience, potentially leading to increased user engagement and higher betting volumes.The expanded Meridian Special is now available for major European and global soccer leagues worldwide, including English Premier League, Spanish La Liga, Italian Serie A, German Bundesliga, French Ligue 1, UEFA Champions League, UEFA Europa League, UEFA Europa Conference League, Brazilian Serie A, Greek Superleague, Cypriot First Division and Belgian First Division A.
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PANW | Hot Stocks08:20 EDT Palo Alto Networks, Deloitte expand strategic alliance globally - Palo Alto Networks and Deloitte announced an expansion of their strategic alliance into EMEA and JAPAC regions, making Palo Alto Networks AI-powered cybersecurity solutions and joint offerings available to Deloitte clients globally. The new agreement builds on the long-standing collaboration between the two organizations, accelerating the adoption of leading cybersecurity capabilities and helping clients realize the benefits of platformization.
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LRE | Hot Stocks08:20 EDT Lead Real Estate board approves special cash dividend of 2c per share - Lead Real Estate announced that, on June 18, 2024, the Company's Board of Directors approved a special cash dividend, payable on or about September 30, 2024 to all shareholders of record as of June 30, 2024, with an American depositary receipt record date of June 28, 2024. The dividend, of $0.02 per share, or a total of approximately $286,193, was approved at the Company's annual general meeting held in September 2024.
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GOCO | Hot Stocks08:20 EDT GoHealth closes acquisition of e-TeleQuote - GoHealth closed the pending acquisition of e-TeleQuote Insurance, a name in the Medicare insurance marketplace. The transaction closed on September 30, leaving GoHealth as the sole owner of e-TeleQuote. In addition to over $18M in cash on the e-TeleQuote balance sheet, e-TeleQuote holds a substantial contract asset valued at over $100M, tied to its Medicare Advantage business. Contractually, e-TeleQuote also entered into a commercial agreement with GoHealth to become a downline under its GoPartner Solutions external agent channel. As part of the GPS agreement, e-TeleQuote will continue to operate as an independent agency; however, its agents will have the added advantage of utilizing GoHealth's proprietary PlanFit tools and access to its marketing channels.
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ALGS | Hot Stocks08:19 EDT Aligos Therapeutics appoints David Perry as VP, business development - Aligos Therapeutics announced the appointment of David Perry as Vice President of Business Development, effective immediately. Most recently, he served as Senior Director of Business Development at Sangamo Therapeutics.
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NA | Hot Stocks08:19 EDT Nano Labs chairman, CEO increases shareholding in company - Nano Labs Ltd announced that Mr. Jianping Kong, the Company's chairman and CEO, informed the Company that he purchased 1,107,935 Class A ordinary shares of the Company in open-market transactions with his personal funds in September, 2024, which is the second time that Mr. Kong increased his shareholding in the Company in 2024. Such transactions complied with the Company's internal trading policy as well as relevant laws and regulations. Mr. Kong is optimistic about the Company's future prospects in the long term and does not rule out the possibility of continuing to increase his shareholding in Nano Labs in the future.
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BRNS | Hot Stocks08:17 EDT Barinthus Bio completes enrollment for hepatitis B, prostate cancer trials - Barinthus Biotherapeutics completed enrollment for two clinical trials: HBV003, a Phase 2b clinical trial of VTP-300 in adults with chronic hepatitis B; and PCA001, a Phase 1 clinical trial of VTP-850 in men with rising prostate-specific antigen after definitive local therapy for prostate cancer. Interim data update for HBV003 is anticipated in Q4. Data update for PCA001 is anticipated in H1 2025.
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COCH | Hot Stocks08:17 EDT Envoy Medical celebrates one year trading as public company - Envoy Medical commemorates its one-year anniversary trading as a public company. On September 29, 2023, the formerly private Envoy Medical merged with Anzu Special Purpose Acquisition Corp I, creating the now publicly traded Envoy Medical. COCH began trading on the Nasdaq Capital Market on October 2, 2023. "Over the last year, we have made significant progress towards our goal of becoming one of the leading hearing implant companies in the world. We have not been shy about our belief that we are well positioned to take market share from existing market participants, and we also see a possibility where we grow the entire market segment as a whole. We operate on the investment thesis that people want fully implanted hearing devices, and we are well-positioned to capitalize on that sentiment," said Envoy Medical CEO Brent Lucas. "Savvy investors are beginning to pay attention to our story and as a result our stock is currently performing better than most companies going public via a SPAC since the start of 2023. In fact, if you remove the first 60 days post-deSPAC 'washout period,' we are one of the top performing stocks in the deSPAC peer group over that time. We believe our company is poised to take advantage of a trend within the cochlear implant industry to miniaturize external components. What better way to miniaturize cochlear implants than to design them to be fully implanted? We are encouraged that some of our competitors are now openly discussing their totally implanted plans, but we continue to believe we have a better solution with our sensor technology and overall architecture, since our solution is the only one we are aware of that allows patients to use the anatomy of their ear for hearing. Competition in this area validates our existence and that we are on to something potentially disruptive. In addition, we are making progress in our significant push to get fully implanted active middle ear implants to become coverable technologies under Medicare. Two bills have been introduced in Congress to correct a long-standing definitional issue that prevents our first device, the Esteem(R) device, from coverage. Should that happen, and it is admittedly unknown if it will ever happen, Envoy Medical is the only company with a currently FDA approved fully implanted active middle ear implant. It could be a very interesting opportunity for us, and another chance to disrupt the market."
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CBNK | Hot Stocks08:16 EDT Capital Bancorp, Integrated Financial Holdings complete merger - Capital Bancorp announced the completion of its previously announced merger with Integrated Financial Holdings. At the effective time of the merger, IFHI merged with and into Capital, with Capital continuing as the surviving corporation. The transaction is expected to create a best-in-class nationwide leader in government guaranteed lending across both U.S. Department of Agriculture and U.S. Small Business Administration lending. The transaction will also create opportunities to scale Windsor Advantage, one of the nation's largest SBA Lender Service Providers, which currently services approximately $2.5 billion in loans across SBA and USDA. Pursuant to the terms of the Merger Agreement, each holder of IFHI's common stock, par value $1.00 per share was converted into the right to receive 1.115 shares of common stock of Capital; and $5.36 in cash per share of IFHI Common Stock, in addition to cash in lieu of fractional shares. Each share of IFHI Common Stock subject to vesting, repurchase or other lapse restriction that was unvested or contingent and outstanding immediately prior to the effective time fully vested and was cancelled and converted automatically into the right to receive merger consideration in respect of each such share of IFHI Common Stock underlying such restricted stock award. In addition, each stock option granted by IFHI to purchase shares of IFHI Common Stock, whether vested or unvested, outstanding immediately prior to the effective time, was assumed by Capital and converted into an equivalent option to purchase Capital Common Stock, with the same terms and conditions as applied to the IFHI stock option. The pro forma organization will have approximately $3 billion in assets, robust pro forma capital ratios and strong pro forma capital generation, allowing it to participate in the substantial lending opportunities that exist within the fast-growing renewable energy industry. Pro forma, approximately 70% of Capital's net income will be from commercial banking with approximately 38% of Capital's loan portfolio consisting of C&I and owner-occupied commercial real estate loans. Approximately 20% of the pro forma revenue is generated from fee revenue, further diversifying Capital's revenue stream. In connection with completion of the Merger, Marc McConnell will join the Board of Directors of Capital Bancorp, Inc. and Capital Bank, N.A. Mr. McConnell has served as Chairman of the IFHI board of directors since August 2020 and as Chairman of West Town Bank's board of directors since June 2009. A. Riddick Skinner, EVP of Government Lending at IFHI will join Capital Bank as Head of Government Guaranteed Lending. Melissa Marsal, EVP and Chief Operating Officer of IFHI, will join Capital Bank as Head of Commercial Bank Operations. Mike Breckheimer will continue to lead Windsor.
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NATL | Hot Stocks08:15 EDT Ocean Bank chooses NCR Atleos Allpoint Network - NCR Atleos Corporation announced that $6.4B-asset Ocean Bank has selected Atleos' Allpoint Network to support its growth while widening customers' access to cash and financial services. Ocean Bank is the largest independent state-chartered commercial bank headquartered in Florida. The bank is continuing to expand across the state and recognized the need to strategically provide convenient physical touchpoints for customers in new communities. By joining Atleos' Allpoint Network, the bank can provide surcharge-free access to over 40,000 ATMs in trusted retail locations across the country..."Our years of proven success and deep understanding of the financial technology landscape make Atleos the leading provider of utility ATM networks," explained Steven Nogalo, general manager of North America for Atleos. "We are excited to collaborate with Ocean Bank as they join Atleos' Allpoint Network and gain an efficient, quick way to expand access to cash and other critical financial services for their customers and communities."
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ALUR | Hot Stocks08:15 EDT Allurion Technologies announces publication of Allurion Program meta-analysis - Allurion Technologies announced the publication of a systematic review and meta-analysis evaluating the effectiveness and safety of the Allurion Program. The analysis reviewed studies conducted between 2016 and 2024 and included data from 11 observational studies comprising a total of 2,107 patients. The results of the meta-analysis demonstrated a mean weight reduction of 12.5% and significant reduction in body mass index, or BMI, of 4.75 kg/m2 at four months. Importantly, the analysis also confirmed the safety of the Allurion Balloon, with a rate of serious adverse events reported of just 0.90%. The study's findings are further supported by the observed improvements in metabolic health parameters, particularly in HDL cholesterol, triglycerides, and glycemia, indicating the broad-reaching benefits of the Allurion Program beyond just weight reduction.
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SINT | Hot Stocks08:15 EDT Sintx Technologies announces executive promotions - Sintx Technologies announced two key executive promotions. Effective immediately Ryan Bock has been promoted to Chief Technology Officer and Ann Kutsch has been promoted to President of Sintx Technology Assessment and Transfer, a subsidiary of Sintx. Bock has been with Sintx since 2008. Kutsch has been instrumental in developing and overseeing various research and technology transfer initiatives within Sintx TA&T.
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KRBP | Hot Stocks08:13 EDT Kiromic BioPharma gives follow-up results for 1st patient in Deltacel trial - Kiromic BioPharma reports good safety and favorable ongoing efficacy results from the 10-month follow-up visit of the first patient treated in its Deltacel-01 Phase 1 clinical trial. This trial is evaluating Deltacel or KB-GDT-01, the Company's allogeneic, off-the-shelf, Gamma Delta T-cell GDT therapy, in patients with stage 4 metastatic non-small cell lung cancer NSCLC who have failed to respond to standard therapies. "As this patient is the most advanced in our ongoing Deltacel-01 clinical trial, we are particularly encouraged by these latest follow-up results that continue to validate the potential of Deltacel as a safe and effective treatment for patients with later-stage cancers," said Pietro Bersani, Chief Executive Officer of Kiromic BioPharma. "We believe these findings underscore the promise of our allogeneic GDT therapy in providing durable clinical benefit." ...Continued meaningful results could represent a significant breakthrough for these late-stage cancer patients with limited treatment options."...Kiromic expects to report additional follow-up results from the fourth patient enrolled in this study in October.
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HON CVX | Hot Stocks08:13 EDT Honeywell, Chevron collaborate on AI-assisted solutions - Honeywell (HON) announced a strategic collaboration with Chevron (CVX) to develop advanced artificial intelligence (AI)-Assisted solutions to help operators make decisions to enhance efficiency for refining processes and improve safety within the industrial automation space. These are among the new AI solutions Honeywell launched today to assist and help improve operator performance, optimize productivity and increase reliability as companies continue their journey to autonomous operations.
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NOGN | Hot Stocks08:13 EDT Nogin's Intelligent Commerce technology selected by Pooof! teeth whitener - Nogin announced that Pooof!, the dissolving teeth-whitening strips developed by cosmetic dentist Bill Dorfman, has selected Nogin's Intelligent Commerce technology and end-to-end services to launch its direct-to-consumer business. Nogin's collaboration with Pooof! will see the implementation of its advanced Intelligent Commerce technology to support Pooof!'s D2C strategy. Nogin will provide comprehensive management of Pooof!'s online store, including inventory management, creative services, and performance marketing. Additionally, Nogin will support Pooof!'s multichannel e-commerce expansion by managing sales through platforms like Amazon and other marketplaces.
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NTAP... | Hot Stocks08:12 EDT NetApp expands strategic partnership with Google Cloud - NetApp (NTAP) announced the expansion of its strategic partnership with Google Cloud (GOOGL) with the integration of unified data storage and intelligent services into the Google Distributed Cloud architecture. This integration empowers organizations, especially in the public sector and regulated industries, to leverage AI-ready infrastructure while maintaining high standards for security and strict regulatory compliance.
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NXPL | Hot Stocks08:12 EDT NextPlat completes merger, business combination with Progressive Care - NextPlat announced that following shareholder approvals, it has completed the proposed Merger Agreement and Plan of Reorganization pursuant to which Progressive Care, a controlled subsidiary of the Company, has become a wholly-owned subsidiary of the Company. As a result of the Merger and Business Combination, Progressive Care's common stock has ceased trading on the OTCQB exchange effective today.
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GNSS | Hot Stocks08:12 EDT Genasys announces LRAD systems order to enhance security at Hoover Dam - Genasys announced an LRAD 950NXT integrated surveillance, security, and first response systems order from the U.S. Bureau of Reclamation for Hoover Dam. Genasys' LRAD systems have provided Hoover Dam critical infrastructure protection and dam security capabilities since 2016.
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MYNZ | Hot Stocks08:10 EDT Mainz Biomed CEO issues statement on upcoming milestones - Mainz Biomed released a statement to shareholders highlighting its strategic plans for maximizing shareholder value, clinical developments, and its upcoming FDA trial anticipated for 2025, which aims to pave the way for entry into the U.S. market. Highlights of the statement by CEO Guido Baechler include: "Our groundbreaking clinical results with our mRNA-based next-generation CRC screening test and our strategic pathway to FDA trials, which we plan to start in 2025, demonstrate our commitment to expanding into the world's largest healthcare market. These efforts, combined with our growing international footprint, underscore why we believe Mainz Biomed is currently undervalued relative to its potential...Like all our shareholders, management and the Board of Directors are concerned and disappointed with the performance of our stock price. We commit to our shareholders that we will continue to strive to deliver what we have promised under difficult market conditions. We are strongly convinced that 2025 will be a transformative year, positioning Mainz Biomed for substantial growth in global markets, particularly through our innovative diagnostic solutions." mRNA-based next-generation CRC screening tests are redefining standards in early cancer detection. Mainz Biomed's flagship non-invasive test not only targets the early detection of colorectal cancer but also focuses on precancerous lesions, demonstrating clinical success in both U.S. and European trials. Presentations this year have highlighted sensitivities exceeding 90% for detecting colorectal cancer and over 80% for advanced adenomas. In early July the company submitted for FDA Breakthrough Device Designation for its next generation CRC screening test. Following feedback from the FDA, the company has decided to withdraw its BDD application to focus on extending its clinical research program. Mainz Biomed will expand its dataset to include a larger average-risk patient population with its pivotal ReconAAsense trial. The company plans to submit this comprehensive data in 2025 to FDA. Successful completion of the FDA trial will allow Mainz Biomed's next generation CRC screening test to be marketed to Americans at risk of colorectal cancer. Mainz Biomed is advancing a pipeline of diagnostic technologies aimed at detecting multiple cancers. Mainz has redeveloped and relaunched an expanded version of its first-generation CRC screening test currently commercialized in Germany and selected other countries in Europe.
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ATRC | Hot Stocks08:10 EDT AtriCure receives CE-Mark for the EnCompass Clamp - AtriCure announced that it has received regulatory approval to sell the EnCompass Clamp in CE-marked countries in the European Union, and European surgeons have recently performed the first series of cases with AtriCure's EnCompass Clamp. The EnCompass Clamp received FDA 510 K clearance and was launched in the United States in 2022. "Launching our EnCompass Clamp in Europe represents a significant expansion of our product line internationally," said Michael Carrel, President and CEO of AtriCure. "We have seen this product have a positive impact in the United States over the last two years by advancing treatment concomitant to cardiac surgery. We are excited to offer this safe, innovative, and effective therapy to patients and our physician partners in Europe."
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SUUN | Hot Stocks08:10 EDT SolarBank 's first solar project under development - SolarBank announces that it is nearing completion of construction on a 1.4 MW DC rooftop solar project located in Calgary, Alberta for Fiera Real Estate Investments Limited. Contributing to Fiera Real Estate's commitment to its Net Zero Pathway where two of its funds have established targets of Net Zero Carbon by 2040as well as the further expansion of the SolarBank portfolio, the Project is expected to become operational in November 2024 as a small-scale generator in the Alberta Interconnected Electric System. With the support of Zathura Investments, SolarBank is providing full-service development and engineering, procurement and construction (EPC) services for the Project under an EPC agreement with Fiera Real Estate. Following the completion of this pilot project, the Company expects to complete additional projects for Fiera Real Estate in the future.
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SCHW | Hot Stocks08:10 EDT Charles Schwab CEO Walt Bettinger to retire, Rick Wurster to succeed - Charles Schwab announced, as part of its multi-year succession plan, that Walt Bettinger has notified the board of directors of his intention to retire as CEO effective December 31. Rick Wurster, president of Schwab since 2021, will be named president and CEO and will join the Schwab board of directors, effective January 1, 2025. Bettinger will continue to serve as executive co-chairman of the board of directors, along with founder Charles Schwab.
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BIVI | Hot Stocks08:10 EDT BioVie receives notice of allowance for U.S. patent covering liquid terlipressin - BioVie has received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/611,478 entitled "Formulations of Terlipressin." This Notice of Allowance is expected to result in the issuance of a US patent once administrative processes are completed. The allowed claims cover a novel liquid formulation of terlipressin acetate that has stability at room temperature for two years and can be packaged in a pre-filled syringe. BioVie expects the resulting patent will be approved for listing in the Orange Book. The patent supports BioVie's liquid formulation of terlipressin for development of a more patient-centric ambulatory treatment regimen for patients with ascites and hepatic failure in the US. Patients with cirrhosis and ascites have large volumes of fluid accumulate in the abdomen due to liver and kidney dysfunction. Patients that progress to refractory ascites face a one-year survival rate of approximately 50%1. To date, there is no approved medical therapy specifically for refractory ascites. Management of these patients is based upon procedures such as large-volume paracentesis and TIPS, which only provide temporary relief, lack disease-modifying effects, and lead to frequent life-threatening complications.
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EQIX | Hot Stocks08:09 EDT Equinix announces the signing of a joint venture agreement - Equinix announced the signing of a joint venture agreement, subject to closing conditions, in the form of a limited liability partnership with GIC and Canada Pension Plan Investment Board, with the intent to raise over US$15 billion in capital together with its partners. Driven by increasing artificial intelligence and cloud growth, the JV is intended to accelerate the Equinix xScale data center portfolio, which enables hyperscale companies to add core deployments to their existing access point footprints at Equinix International Business Exchange data centers. At full buildout, this new JV will nearly triple the investment capital of the Equinix xScale program.
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SUGP | Hot Stocks08:08 EDT SU Group enters government sponsored market with milestone agreement - SU Group Holdings announced a milestone agreement to install a Smart Site Safety System at a major Hong Kong hospital. This represents the Company's entrance into a new emerging, high priority government mandated market that seeks to use artificial intelligence and Internet of Things technologies to create safer and more efficient working environments. Financial terms were not disclosed but the Company noted it expects this to have a positive impact on its full year sales growth.
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SLE | Hot Stocks08:08 EDT Infinite Realiy announces investment in Super League Enterprise - Infinite Reality announced a strategic investment and proposed partnership with Super League Enterprise. In this transaction, Infinite Reality will acquire 9.9% of SLE's outstanding shares via a share exchange, and Infinite Reality Board Chair Clark Callander will join the Board of SLE. Furthermore, the parties have entered into exclusivity to complete a supplemental transaction whereby Infinite Reality will secure an additional 75% of SLE shares, along with a second seat on the board of directors. Inclusive in this transaction is a commitment from Infinite Reality for up to $20 million in cash as well as access to a future $30 million credit facility, the terms yet to be negotiated. This follow-on investment, which will secure Infinite Reality's majority stake in SLE, involves the transfer and integration of certain iR properties and rights, which when combined under one expanded SLE umbrella, will support capabilities diversification, audience and revenue growth, and market expansion. In this deal, Super League will be granted a worldwide perpetual license to produce events and sell sponsorships for the Drone Racing League, a tech-driven global sports property with over 100 million young fans across 170 countries. DRL's multi-platform approach, including live events, video games, and esports, provides unique engagement opportunities for brands targeting the elusive Gen Z demographic. DRL's underlying IP, including patents, will remain with Infinite Reality. In addition, SLE will assume ownership of the following iR assets: Thunder Studios: An L.A. based production company hosting facilities for immersive content creation. TalentX: A creator-first talent management firm, crafting strategies and relationships that serve the best interests of influencers and brands alike. Fearless Media: A digital media agency specializing in entertainment, retail, education, and technology verticals. To be determined inclusion of Infinite Reality's esports assets, pending league approvals. Infinite Reality will retain full control and ownership of its other strategic properties and IP as a privately held company. These include, but are not limited to, iR Engine, the world's most advanced 3D engine designed for the web browser; iR Studio, a low-code and no-code SaaS solution for building and deploying immersive projects; iR Enterprise Solutions, which partners with Fortune 1000 companies and governments to create bespoke virtual experiences, among other assets.
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AMPS | Hot Stocks08:08 EDT Altus Power announces structuring of tax equity transaction, partnership model - Altus Power announced the structuring of a tax equity transaction and partnership model with its existing partners. This transaction marks an evolution for Altus Power. The deal is notable given its innovative structure, which allocates a portion of the investment tax credits from recently completed solar projects to an existing partner through a traditional tax equity partnership, consistent with those which Altus has formed in the past. However, the new structure leverages the flexibility created in the Inflation Reduction Act to directly transfer a majority of the ITCs from the tax equity partnership to other partners of Altus Power with significant tax capacity.
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CNC | Hot Stocks08:08 EDT Centene's Wellcare to offer Medicare advantage, presription drug plans - Wellcare, a company offering a range of Medicare products and the Medicare brand and company of Centene Corporation, will offer Medicare Advantage products in 32 states, including its newest state, Iowa, during the 2025 Medicare Annual Enrollment Period, which begins Oct. 15, 2024 and runs through Dec. 7, 2024. Enroll by Dec. 7, 2024, for coverage starting Jan. 1, 2025.
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ALK | Hot Stocks08:07 EDT Alaska Air inaugurates service on five new routes - Alaska Airlines is kicking off five new nonstop routes. Beginning today, guests can travel between Las Vegas and both San Diego and Santa Rosa/Sonoma County, and between Los Angeles and both Pasco, Washington, and Reno. We're also resuming our nonstop service between Portland and Atlanta. "Travel demand continues to be strong, and we are excited to provide our guests with more options for their next business trip or autumn getaway," said Kirsten Amrine, vice president of revenue management and network planning at Alaska Airlines. "With the addition of these new nonstop routes, we also continue to strengthen our presence throughout the state of California and connect Pacific Northwest communities with our broader network."
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ALHC | Hot Stocks08:06 EDT Alignment Healthcare introduces 2025 Medicare Advantage Plans - Alignment Health Plan announced more than 55 plan benefit options designed to meet seniors' evolving health care needs. For 2025, Alignment is offering more choices for the growing population of seniors who need specialized care and maintaining consistency in the benefits it offers that holistically address seniors' overall health and wellness. The plans will be available to 8.1 million Medicare-eligible adults, who can select from Alignment's portfolio during the Medicare annual enrollment period, which runs Oct. 15 through Dec. 7 for plan benefits starting Jan. 1, 2025. "Seniors have an abundance of choices when it comes to health care coverage, and our plans are designed to meet seniors where they are in their health journey," said Dawn Maroney, CEO of Alignment Health Plan and president, markets of the plan's parent company, Alignment Health. "Our plans are as diverse as today's senior needs, and we continue to build on our strong portfolio of rich benefits and services by pioneering products that respond to their health concerns and daily living needs."
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CVS | Hot Stocks08:06 EDT CVS Health's Aetna announces 2025 Medicare products - Aetna, a CVS Health company, announced its 2025 Medicare products. "For 2025, our continued focus is ensuring members have the peace of mind that comes with access to reliable, affordable health care when and where they need it," said Anand Shukla, president of Aetna Medicare. "Our plans are backed by our excellent customer service, deep experience and steadfast commitment to serving members at every stage of their health journey."
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OCEA | Hot Stocks08:06 EDT Ocean Biomedical's oncology platform included in new published study - Ocean Biomedical announced that Scientific Co-founder Jack A. Elias and colleagues have published new research in the Journal of Immunology that expands understanding of how CHI3L1 inhibits the body's natural immune responses to lung cancers and related diseases such as chronic obstructive pulmonary disease. This research demonstrates for the first time the complex ways that CHI3L1 inhibits macrophage phagocytosis by stimulating two key phagocytosis checkpoint pathways. Results in the paper suggest that CHI3L1-targeted therapeutics are promising interventions in cancer, COPD, and other disorders. Elias' research has shown that the inhibition of CHI3L1 diminishes natural adaptive immune responses and reduces cancer growth in vivo in standard and humanized mouse models. Ocean Biomedical's monoclonal antibody is one piece of an oncology platform that is working to build multiple approaches to activating natural cancer immune responses by suppressing Chi3L1, with potential for broad application. The patent allowance has been granted for Prostate Cancer, Colon Cancer, Rectal Cancer, Ovarian Cancer, Kidney Cancer, Breast Cancer, Glioblastoma, Melanoma, and Lung Cancer.
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KNSA | Hot Stocks08:05 EDT Kiniksa partners with Henrik Lundqvist for Life DisRPted campaign - Kiniksa Pharmaceuticals International has teamed up with National Hockey League Hall-of-Famer, Henrik Lundqvist, to launch Life DisRPted, a national campaign focused on raising awareness of recurrent pericarditis, its impact on quality of life, and the critical importance of early diagnosis and treatment. Lundqvist was diagnosed with recurrent pericarditis in 2021, ultimately leading to his decision to retire from the NHL.
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SYRE | Hot Stocks08:05 EDT Spyre Therapeutics appoints Sloan as Chief Medical Officer - Spyre Therapeutics announced the appointment of Sheldon Sloan, M.D., M. Bioethics, as Chief Medical Officer. Dr. Sloan brings more than 25 years of experience in both large pharmaceutical and small biotech companies with an extensive track record of program leadership in the field of Inflammation and Immunology.
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ABL NDAQ | Hot Stocks08:04 EDT Abacus Life appoints Robert Phillips as SVP, investor relations - Abacus Life announced the appointment of RobertPhillips as Senior Vice President, Investor Relations and Corporate Affairs, effective immediately. Reporting directly to Jay Jackson, Chairman and CEO of Abacus Life, Mr. Phillips will lead Abacus Life's investor relations strategy to strengthen engagement with the investment and capital markets communities. He will also play a key role in advancing strategic business initiatives, building relationships within these communities, and overseeing corporate affairs to support the Company's growth objectives. Prior to Abacus Life, Mr. Phillips was Senior Managing Director with Nasdaq, serving as primary liaison to executives and board members of public companies.
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TCNNF | Hot Stocks08:04 EDT Trulieve Cannabis partners with Black Buddha Cannabis - Trulieve Cannabis announces a partnership with Black Buddha Cannabis. The collaboration will introduce Black Buddha Cannabis products to Trulieve dispensaries in Arizona and Pennsylvania starting in October 2024.
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CCG | Hot Stocks08:03 EDT Cheche Technology announces strategic partnership with Tokio Marine - Cheche Group announced that it has entered into a strategic partnership with The Tokio Marine & Nichido Fire Insurance Company, as Cheche continues to broaden its collaborations with insurance companies in China. "We are excited to announce our strategic partnership with TMNCH and look forward to developing customized products and services together," said Lei Zhang, Founder, CEO, and Chairman of Cheche. "Not only is our capacity for innovation vastly increased as we expand and strengthen our relationships with insurance companies and automobile manufacturers, but our leadership position as the intelligent insurance platform in China is underscored as well."
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CCG | Hot Stocks08:03 EDT Cheche Technology announces strategic partnership with Tokio Marine - Cheche Group announced that it has entered into a strategic partnership with The Tokio Marine & Nichido Fire Insurance Company, as Cheche continues to broaden its collaborations with insurance companies in China. "We are excited to announce our strategic partnership with TMNCH and look forward to developing customized products and services together," said Lei Zhang, Founder, CEO, and Chairman of Cheche. "Not only is our capacity for innovation vastly increased as we expand and strengthen our relationships with insurance companies and automobile manufacturers, but our leadership position as the intelligent insurance platform in China is underscored as well."
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SYK | Hot Stocks08:02 EDT Stryker completes acquisition of Vertos Medical - Stryker has completed the acquisition of Vertos Medical Inc., a leader in interventional pain management solutions for chronic lower back pain caused by lumbar spinal stenosis. The addition of Vertos Medical's differentiated portfolio will strengthen Stryker's impact in interventional solutions to address chronic pain.
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WAFU | Hot Stocks08:02 EDT Wah Fu Education enters business cooperation with several domestic universities - Wah Fu Education Group announced its entry into the fields of educational AI and informatization. Recently, Wah Fu's subsidiary, Beijing Huaxia Dadi Distance Learning Services Co., Ltd, reached business agreements with four higher vocational colleges, namely Xi'an Railway Vocational & Technical Institute, Guizhou Education University, University of Jinan and Chengdu Technological University. With its years of experience and expertise in continuous iterative educational technology development, Wah Fu will help the colleges improve their informatization of continuing education and enhance their digitalized and intelligent operation and management. We expect Wah Fu to improve profitability and gain valuable experience through business collaboration with these colleges.
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PLUG | Hot Stocks07:58 EDT Plug Power collaborates with Carreras Grupo Logistico - Plug Power is collaborating with Carreras Grupo Logistico to launch a complete green hydrogen ecosystem in Spain. The initiative will aim to establish, through a fuel cell technology advantages validation project, the first hydrogen-powered logistics site in Spain at Carreras Grupo Logistico's logistics center in Masquefa, Barcelona. Plug is working with Carreras to replace existing lead-acid battery-powered forklifts with hydrogen fuel cells to support decarbonization and efficiency improvements of Carreras Grupo Logistico's operations. The transition to green hydrogen will improve energy efficiency, productivity, and sustainability while reducing operational costs. The project at Masquefa will serve as a testing site to evaluate the improvements using Plug's technology over batteries. Insights gained from the project will be used to scale the hydrogen fuel cell technology across other sites in Spain and integrate it into Carreras Group's core logistics business that includes 46 warehouses.
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BCTX | Hot Stocks07:52 EDT BriaCell reports anti-tumor response in patient treated in Phase 2 study - BriaCell Therapeutics reports dramatic anti-tumor response including complete resolution of temporal lobe breast cancer metastasis in a patient treated in the Phase 2 study of BriaCell's Bria-IMT plus an immune checkpoint inhibitor regimen. The patient demonstrated an initial partial response at 2 months in the brain lesion with no detectable disease following 8 and 11 months of treatment. The heavily pre-treated patient who had failed 8 prior regimens including ADC therapy, previously demonstrated significant reduction of her "Eye-Bulging" orbital tumor and continues treatment with the Bria-IMT regimen. She has completed 17 cycles of treatment and has been on BriaCell's Phase 2 study for 12 months. Also noteworthy is a sustained drop in her tumor markers, confirming the imaging results of marked tumor reduction. The right temporal lobe lesion is no longer detectable on the images taken at 8 months and 11 months on the Bria-IMT combination regimen. The orbital lesion has continued to shrink markedly. In addition, her tumor markers remain markedly decreased from her pre-treatment levels.
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ARCO MCD | Hot Stocks07:46 EDT Arcos Dorados to exercise option to renew MFA with McDonald's - Arcos Dorados (ARCO) notified McDonald's (MCD) that it will exercise its option to renew its master franchise agreement, or MFA, with McDonald's. As previously disclosed, Arcos Dorados received a renewal notice from McDonald's, on August 1, to replace the parties' existing MFA with a new, 20-year MFA, to be effective as of January 1, 2025. On September 30, and in line with the current MFA's renewal procedures, Arcos Dorados provided notice to McDonald's of its intention to exercise its renewal option. The parties are now working to finalize the new MFA agreement. Upon signing, the new MFA agreement is expected to include a renewal option for a new, 20-year MFA, beginning January 1, 2045. Additionally, the new agreement is expected to include a royalty of Gross Sales of 6.0% for the first ten years, 6.25% for the subsequent five years and 6.5% for the final five years. Arcos Dorados and McDonald's share in the belief that the Company's 20 countries and territories present significant opportunities for growth. In line with this view, the company expects to open approximately 90 to 100 restaurants in 2025.
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APO | Hot Stocks07:46 EDT Apollo Global to unveil five-year financial targets at Investor Day - Apollo will host its previously announced Investor Day to present the firm's business priorities and new five-year financial targets. Members of the senior management team will outline Apollo's views on the future of the alternative asset management industry, the firm's strategic positioning, and business plan to continue generating attractive returns for stockholders. Marc Rowan, CEO, said, "In an industry where we believe the capacity to originate good assets is the key to success, Apollo is playing to win. Our entire industry is supported by powerful tailwinds that support robust growth over the next five years. Apollo is uniquely positioned given our focus on origination, expansive credit franchise and retirement services leader, Athene."
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PSTV | Hot Stocks07:40 EDT Plus Therapeutics' Rhenium Obisbemeda shows safety, potential efficacy - Plus Therapeutics presented an update on the ongoing ReSPECT-GBM Phase 1/2 clinical trial evaluating the company's lead asset Rhenium Obisbemeda for the treatment of recurrent glioblastoma. The data highlights the continued favorable safety profile and encouraging efficacy results of Rhenium Obisbemeda in a patient population with historically poor prognosis. ReSPECT-GBM is a first-in-human, open-label, Phase 1/2 study investigating feasibility, dose escalation, and critical convection enhanced delivery parameters to determine the maximum tolerated dose, maximum feasible dose, safety, and potential efficacy of Rhenium (186Re) Obisbemeda in recurrent adult glioma. Rhenium (186Re) Obisbemeda continues to show a favorable safety profile in the 42 enrolled patients; one dose-limiting toxicity has been reported, which was observed in Cohort 8. In Phase 2, most adverse events were mild or moderate, and largely unrelated or unlikely related to the drug. To date, 88.9% of Phase 2 patients met key CED drug delivery parameters shown to correlate with overall survival, achieving a tumor absorbed dose greater than100 Gy and radiation coverage of greater than70%. In terms of objective tumor response based on quantitative image analysis, a statistically significant reduction in tumor volume rate change was seen in tumors receiving greater than 100 Gy absorbed dose. Sufficient tumor coverage correlated with tumor control, while regrowth occurred outside treated areas.
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CGTX | Hot Stocks07:36 EDT Cognition Therapeutics supports Lewy Body Dementia Awareness Month - Cognition Therapeutics supports Lewy Body Dementia Awareness Month and the critical need for more attention, research, and treatments for people with dementia with Lewy bodies. DLB is the second most common form of progressive dementia, affecting approximately 1.4 million people in the U.S., with no approved treatments available. "Lewy Body Dementia Awareness Month is an important opportunity to raise awareness of this underdiagnosed but prevalent condition that can be devastating for patients and their loved ones," said Lisa Ricciardi, CEO. "At Cognition, we are committed to developing new treatments for neurodegenerative diseases like DLB, and believe our lead candidate, CT1812, has the potential to address the complex pathology driving this disease."
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OLLI | Hot Stocks07:36 EDT Ollie's Bargain Outlet acquires former Big Lots stores - Ollie's Bargain Outlet was the winning bidder in a bankruptcy sale process to acquire seven former Big Lots store leases. The seven stores were part of a bankruptcy auction for the first wave of Big Lots store closures, which included 143 stores. Six of the seven stores have already completed the sale hearing process and received final approval from the Bankruptcy Court for the District of Delaware. The remaining one store is subject to final bankruptcy court approval and customary closing conditions. The company continue to plan to open 50 new stores, less two planned closures, in FY24.
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DKL | Hot Stocks07:35 EDT Delek Logistics executes12-year acreage dedication & crude oil gathering pact - Delek Logistics Partners announced the execution of a 12-year acreage dedication & crude oil gathering agreement for an additional 50,000 acres with an independent oil and gas producer. The additional acreage is supported by Delek Logistics' Permian Gathering System DPG ocated in West Texas. This transaction also includes a minimum volume commitment and increases DPG's total acreage dedication to over 350,000 acres. This agreement is immediately accretive to DKL's EBITDA profile and provides opportunities for incremental value creation through operational efficiencies. "We are excited about the high-quality growth opportunities we are seeing in and around our existing assets," said Avigal Soreq, President at Delek Logistics. "We remain committed to executing our strategy of being the preferred oil, gas and water midstream services provider in the Permian Basin. We are encouraged by the value the market is assigning to assets like DPG, based on the recent transactions around our acreage. The announced acreage dedication, as well as our other growth plans, will continue to make DPG a stronger asset. We are determined to showcase the value DKL has created in the Permian basin and are confident that our strategy will continue to yield benefits for the stakeholders of Delek Logistics
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QUIK | Hot Stocks07:35 EDT QuickLogic delivers eFPGA IP targeting TSMC N12e - QuickLogic announced the successful delivery of eFPGA IP for TSMC's N12e 12nm process to a large multi-national customer, achieving delivery in record time-within three months from finalizing specifications to IP completion. This follows the announcement in March of this year, when QuickLogic secured the contract and began working closely with the customer to define the bespoke eFPGA IP that meets their specific requirements.
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PTVE | Hot Stocks07:34 EDT Pactiv Evergreen completes sale of paper mill and extrusion facility to Suzano - Pactiv Evergreen has completed its sale of the Pine Bluff, Arkansas, paper mill and Waynesville, North Carolina, extrusion facility to Suzano. The sale proceeds are $110M, subject to customary adjustments for closing amounts such as working capital.
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ABEO | Hot Stocks07:34 EDT Abeona Therapeutics announces employment inducement grants - Abeona Therapeutics has granted equity awards to new non-executive employees who joined the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4). On September 30, 2024, the Compensation Committee of Abeona's Board of Directors granted restricted stock equity awards as a material inducement to employment to eight individuals hired by Abeona, which equity awards relate to, in the aggregate, up to 23,100 restricted shares of Abeona common stock. One-third of the shares subject to such restricted stock awards will vest yearly on each anniversary of the Grant Date, such that the shares subject to such restricted stock awards granted to each employee will be fully vested on the third anniversary of the Grant Date, in each case, subject to each employee's continued employment with Abeona on the applicable vesting dates.
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ZENA | Hot Stocks07:33 EDT ZenaTech announces direct listing on Nasdaq Capital Market - ZenaTech announces that trading of ZenaTech's common shares commenced today on the Nasdaq Capital Market under the stock ticker symbol ZENA.
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MGRX | Hot Stocks07:33 EDT Mangoceuticals launches oral semaglutide for advanced weight loss treatment - Mangoceuticals' oral Semaglutide weight loss treatment marketed and branded under the name 'Slim,' is now available for purchase on the company's website. According to the New England Journal of Medicine, Semaglutide has become widely recognized for its effectiveness in aiding weight loss by regulating appetite and promoting a feeling of fullness. MangoRx's formulation is available as an oral dissolvable tablet and compounded with Vitamin B6. The company anticipates leveraging the increasing demand for GLP-1 peptides, including Semaglutide, to increase revenues in the coming quarters.
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STGYF VZIO | Hot Stocks07:33 EDT Stingray Group launches Stingray Karaoke app on Vizio - Stingray (STGYF) announces the launch of the Stingray Karaoke app on VIZIO (VZIO). Starting today, karaoke fans can access an extensive library of over 100,000 licensed songs directly through the Stingray Karaoke app available on millions of VIZIO Smart TVs.
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CNPOF | Hot Stocks07:32 EDT RIV Capital appoints Vautrin as interim CEO - RIV Capital announced that Mike Totzke, Interim Chief Executive Officer and Chief Operating Officer, has resigned from the company, effective October 1st, 2024. The Board of Directors has appointed its current Chief Retail Officer, David E Vautrin, as Interim Chief Executive Officer. David E Vautrin is a highly experienced executive who has been in the cannabis industry for seven years and with RIV Capital since June 2024.
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KPSHF | Hot Stocks07:29 EDT Kapsch TrafficCom celebrates North Carolina highway opening - Opening for traffic at 6am on September 25th, the extension of the Triangle Expressway, also known as Toll N.C. 540, will enhance regional connectivity and reduce travel times for commuters and residents alike. The North Carolina Turnpike Authority selected Kapsch in 2017 to upgrade and modernize this expressway in Raleigh, N.C. with a comprehensive state-of-the-art tolling solution. Kapsch enabled the Authority to be the first multi-protocol facility in the United States with both the extension of the expressway and completion of the 540 project.
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CLNFF WMT | Hot Stocks07:25 EDT Calian Group, Walmart Canada collaborate for specialty pharmacy offerings - Calian Group Ltd. (CLNFF) has agreed to collaborate with Walmart Canada (WMT) to expand the retailer's specialty pharmacy capabilities through licensing Calian's custom-built digital health platform, Nexi. Through Walmart Canada's network of 331 pharmacies nationwide, the retailer is able to dispense the vast majority of compounding and specialty pharmacy medications. However, through this new digital health platform, Walmart Canada will be able to better meet Canadians' healthcare needs by delivering an enhanced, seamless and secure experience to patients with chronic medical conditions and complex medication requirements. Nexi will provide Walmart Canada pharmacies with a simple, efficient, all-in-one smart pharmacy tool to automate the administration of their patients' specialty pharmaceutical needs, while also leveraging Calian's unique capabilities within health services, learning, cloud services and infrastructure security monitoring and protection.
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LFCR | Hot Stocks07:24 EDT Lifecore selected by Lindy Biosciences for development of microglassification - Lifecore has been selected by Lindy Biosciences to provide contract development and manufacturing organization - or CDMO - services focused on streamlining the formulation process for Lindy Biosciences' microglassification technology and scaling it for commercial manufacturing. Lifecore was chosen following a competitive process during which Lindy Biosciences considered several CDMOs for the project. The multi-year agreement could potentially bring in more than $5M of revenue for Lifecore over the term of the agreement and establishes the company as the preferred CDMO for Lindy Biosciences. Lindy Biosciences' proprietary microglassification suspension technology has the potential to transform the delivery of biologic therapeutics by shifting from intravenous administration in a clinical setting to self-administration at home with pre-filled syringes or autoinjectors.
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CLMB | Hot Stocks07:23 EDT Climb Channel Solutions launches Bluebeam in LATAM territory - Climb Channel Solutions has announced the expansion of Bluebeam offerings into LATAM. Climb will offer in-region sales and technical assistance to Bluebeam partners within LATAM, in addition to their continued business in North America.
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WLFC | Hot Stocks07:22 EDT Willis Lease announces Series A Preferred Stock Purchase Agreement - Willis Lease Finance reported that on September 27, 2024, WLFC entered into a Series A Preferred Stock Purchase Agreement with the Development Bank of Japan Inc., which refinances WLFC's $50 million of aggregate Series A-1 and Series A-2 preferred stock into one $65 million preferred stock series with a seven-year term, at the rate per annum of 8.35% per share.
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BITF | Hot Stocks07:22 EDT Bitfarms provides September 2024 production and operations update - Bitfarms announced its monthly production report for September. On September 13, Bitfarms announced a hosting agreement with Stronghold Digital Mining that will accelerate the deployment of 10,000 Bitmain T21 miners which will bring an immediate anticipated increase of ~2.2 EH/s to Bitfarms' operational capacity when deployed. On September 23, Bitfarms entered into a settlement agreement with Riot Platforms in advance of the Special Meeting of Bitfarms Shareholders. The Special Meeting, originally scheduled to be held on November 6, has been rescheduled to November 20. Bitcoin difficulty increased 1.2% in the month. As a result, September mining operations generated 217 BTC compared to 233 BTC in August. September 2024 operating highlights include: 11.3 EH/s operational at September 30, 2024, up 85% Y/Y; 10.3 EH/s average operational, up 78% Y/Y and down 1% M/M; 21.1 BTC/average EH/s, down 6% from the previous month due to the increase in average network difficulty; 217 BTC earned, 7% lower M/M and 47% lower Y/Y; 7.2 BTC earned daily on average, equal to ~$461K per day based on a BTC price of $64K at September 30. Sold 173 of the 217 BTC earned for total proceeds of $10.5M. Total liquidity of $146M, including $73M in cash at September 30. Added 44 BTC, bringing Treasury to 1,147 BTC, up from 1,103 BTC last month and representing $73.4M based on a BTC price of $64K at September 30, 2024. The employment dispute with the former CEO has been settled.
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HCVI | Hot Stocks07:21 EDT Hennessy announces stockholder approval of extension of combination deadline - Hennessy Capital Investment Corp. VI announced that the Company's stockholders voted in favor of the proposal to amend the Company's amended and restated certificate of incorporation to extend the date by which the Company must consummate an initial business combination from September 30, 2024 to March 31, 2025, or such earlier date as determined by the board of directors of the Company, and to allow the Company, without another stockholder vote, to elect, by resolution of the Board, to further extend the Extended Date to consummate an initial business combination up to three times for an additional one month each time, until up to June 30, 2025, unless the closing of an initial business combination shall have occurred prior thereto. The Company's stockholders also voted in favor of the proposal to remove from the Charter the limitation that the Company may not redeem public shares of its common stock to the extent that such redemption would result in the Company's failure to have net tangible assets in excess of $5 million. A Current Report on Form 8-K disclosing the full voting results will be filed with the U.S. Securities and Exchange Commission
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BMRN | Hot Stocks07:19 EDT BioMarin, Camp4 enter strategic research collaboration - CAMP4 Therapeutics announced a new research collaboration with BioMarin Pharmaceutical Inc. aimed at advancing novel therapeutics that increase protein levels by targeting regulatory RNA sequences, which are key elements controlling gene expression. Under the terms of the agreement, BioMarin has the right to select two targets identified by CAMP4's RAP Platform to advance into clinical development.
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SGMT | Hot Stocks07:18 EDT Sagimet receives FDA breakthrough therapy designation for denifanstat - Sagimet Biosciences announced that the U.S. Food and Drug Administration granted Breakthrough Therapy designation to denifanstat for treatment of noncirrhotic metabolic dysfunction-associated steatohepatitis with moderate to advanced liver fibrosis. Breakthrough Therapy designation of denifanstat was supported by positive data from the Phase 2b FASCINATE-2 clinical trial in biopsy-confirmed MASH patients with stage 2 or stage 3 fibrosis. In the trial, denifanstat showed statistically significant improvements relative to placebo on both primary endpoints of MASH resolution without worsening of fibrosis with greater than or equal to2-point reduction in Nonalcoholic Fatty Liver Disease Activity Score, and greater than or equal to2-point reduction in NAS without worsening of fibrosis. Denifanstat-treated patients also showed statistically significant fibrosis improvement by greater than or equal to 1 stage with no worsening of MASH, and a statistically significantly greater proportion of MRI-derived proton density fat fraction greater than or equal to30% responders relative to placebo. In the intent to treat population, denifanstat achieved statistically significant results on primary and secondary liver biopsy endpoints, including both histology endpoints recommended in the FDA draft guidance for accelerated approval in MASH. Safety data showed that denifanstat was generally well tolerated. The Company plans to initiate the Phase 3 clinical program for denifanstat in MASH by the end of 2024.
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IRDM | Hot Stocks07:16 EDT Iridium Certus selected by Brazilian railway operator MRS Logistica - Iridium Communications announced that Satcom Direct Brasil, a distributor of critical telecommunications services, and MRS Logistica S.A., a freight train operator, have implemented Iridium Certus satellite connectivity on MRS Logistica's railway network for the first time in Brazil. The Iridium Certus 700 service will be used to enable real-time communication between train drivers and operation centers, resulting in a faster and safer logistical process.
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PYPD | Hot Stocks07:16 EDT PolyPid enrolls last patient for planned unblinded interim analysis in SHIELD II - PolyPid has enrolled the last patient required in order to conduct the planned unblinded interim analysis in its ongoing SHIELD II Phase 3 trial for D-PLEX100 for the prevention of surgical site infections in patients undergoing abdominal colorectal surgery with large incisions. The unblinded interim analysis will be conducted during the current quarter, following the completion of the 30-day follow-up assessment for the last patient. The unblinded interim analysis may allow for early trial conclusion due to positive efficacy, continuation to planned patient recruitment, sample size re-assessment, or futility. Approximately 430 subjects have been enrolled to date in the SHIELD II Phase 3 trial.
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ADEA VZIO | Hot Stocks07:16 EDT Adeia enters into multi-year IP license renewal with Vizio - Adeia (ADEA) has renewed its intellectual property license agreement with Vizio (VZIO). Under the terms of the agreement, the multi-year license renewal extends Vizio's access to Adeia's media IP portfolio for its products and services.
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RDHL | Hot Stocks07:15 EDT RedHill Biopharma, Medi-Cal deal maintains Talicia reimbursement - RedHill Biopharma announced the renewal of its contract with Medi-Cal, California's Medicaid healthcare program, to maintain Talicia's first-line position on the Medi-Cal Fee-For-Service, FFS, Contract Drug List, CDL, with no prior authorization and a $0 copay, effective October 1, 2024. "This renewed agreement with Medi-Cal is great news for the approximately 15 million Californian patients who rely on Medi-Cal and represents a clear vote of confidence in the safety and efficacy of Talicia, which has been listed by Medi-Cal since 2021," said Rick D. Scruggs, President and Chief Commercial Officer of RedHill Biopharma, Inc. "The continuing access to Talicia further reflects the strength of our collaboration and aligned commitment to improving patient care. This agreement comes in the wake of the publication of the new American College of Gastroenterology Clinical Guideline for H. pylori infection, listing Talicia as an empirically prescribed first-line option - a clear scientific validation of Talicia's effective, simple and convenient all-in-one three-times daily therapeutic approach, supporting high rates of H. pylori eradication without the need for prior resistance testing."
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CTSO | Hot Stocks07:15 EDT CytoSorbents sees Q3 product sales $8.3M-$8.5M vs. $7.8M last year - The company said, "We estimate that our Q3 2024 Product Sales will be in the range of approximately $8.3 million to $8.5 million, representing growth of 7% to 10%, versus $7.8 million in Q3 2023. A planned temporary slowdown in production to rebalance inventory levels coupled with a short-term manufacturing issue resulted in a significantly lower number of CytoSorb devices produced in the quarter. Because of this, we estimate that our product gross margins for Q3 2024 will be in the range of approximately 50% - 60%, compared to 71% in Q3 2023. The Company believes the short-term manufacturing issue has been resolved and expects a return to more normalized production levels and product gross margins in Q4 2024. The Company continues to have sufficient inventory to meet demand."
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MRX | Hot Stocks07:14 EDT Marex Group acquires Spanish biofuels company Dropet - Marex Group completed its acquisition of Dropet, a Spanish biofuels company, expanding its range of renewables products as it continues to grow its global environmental products business. The acquisition is aligned with Marex's strategy to diversify its business and increase earnings resilience. Dropet offers execution services for both physical and paper biofuels products across Europe, Latin America, the Middle East and Africa. It has more than 18 years' experience in physical ethanol and related biofuel products, as well as exchange-traded ethanol products. Acquiring Dropet gives Marex additional capabilities in physical biofuels products and is aligned with Marex's strategy to increase the scale, diversification and global footprint of its environmental products offering.
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D ENB | Hot Stocks07:13 EDT Dominion completes sale of Public Service Company of NC to Enbridge - Dominion Energy (D) announced closure of the sale of its Gastonia, N.C.-based natural gas utility, Public Service Company of North Carolina, NC, to Enbridge Inc. (ENB) for approximately $3.2 billion, including assumed indebtedness and adjusted for customary closing items. This is the last of three separate transactions as part of an agreement the company and Enbridge announced on Sept. 5, 2023, whereby Dominion Energy would sell its Ohio-, Utah-, and North Carolina-based gas utilities for a total enterprise value, inclusive of assumed debt, of approximately $14 billion. Previous transactions closed in March and May.
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CTSO | Hot Stocks07:13 EDT CytoSorbents submits DrugSorb-ATR marketing application to FDA - CytoSorbents announces the submission of its DrugSorb-ATR medical device De Novo marketing application to the U.S. Food and Drug Administration on September 27, 2024, to reduce the severity of perioperative bleeding in patients on ticagrelor undergoing coronary artery bypass graft surgery. The FDA has previously granted Breakthrough Device Designation to DrugSorb-ATR to address this major unmet medical need, making it eligible for priority review. The U.S. FDA De Novo process for medical devices provides a marketing pathway to classify novel medical devices for which general controls alone, or general and special controls, provide reasonable assurance of safety and effectiveness for the intended use, but for which there is no legally marketed predicate device. Following application acceptance by FDA, De Novo submissions enter the substantive review phase where FDA Breakthrough Device designation and an associated interactive priority review, called "sprint discussions," can accelerate the process. The Health Canada Medical Device License authorizes manufacturers to import or sell Class II, III, and IV medical devices in Canada. The license ensures that these devices meet the necessary safety, quality, and efficacy standards as per the Medical Devices Regulations. MDL requires MDSAP certification, which the Company expects to receive shortly, at which point it will file its MDL application. Final regulatory decisions on DrugSorb-ATR are expected from FDA and Health Canada in 2025. DrugSorb-ATR is not yet approved or cleared in the U.S. or Canada.
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ZPTA | Hot Stocks07:12 EDT Zapata AI partners with MAG Aerospace for airborne surveillance platform - Zapata AI announced the first commercial agreement of its partnership with MAG Aerospace. MAG is an independent defense contractor providing full-spectrum outsourced ISR - intelligence, surveillance, reconnaissance - services for manned and unmanned systems, and a full spectrum of multi-domain deep sensing capabilities, including cyber, electronic warfare, and tactical communications in theaters around the world. In the initial phase of the partnership, Zapata will build foundational elements of MAG's next-generation integrated surveillance platform. The Zapata and MAG teams will work to enable next-generation ISR relying upon advanced sensor fusion technology, bringing together airborne and ground-based sources, and a variety of signal and sensor types powered by real-time data processing, correlation, image classification, and decisioning at the edge to automate target acquisition, identification, and tracking.
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SERV | Hot Stocks07:12 EDT Serve Robotics, Wing Aviation partner to expand autonomous delivery - Serve Robotics and Wing Aviation announced a pilot partnership to expand eco-friendly, autonomous food delivery offering a novel solution that will redefine last mile delivery. Serve's advanced, AI-powered, low-emissions sidewalk delivery robots enable pick-up in dense urban areas, and Wing drones expand Serve's delivery radius. In the coming months, select Wing deliveries will be picked up by a Serve delivery robot from the restaurant's curbside and delivered to a Wing drone AutoLoader a few blocks away, for aerial delivery to customers as much as 6 miles away.
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EYEN | Hot Stocks07:10 EDT Eyenovia commences manufacturing of second generation Optejet device - Eyenovia announced that the Company has commenced manufacturing of registration batches of its FDA-approved mydriasis product, Mydcombi, a key step in the approval process for its Gen-2 Optejet dispensing platform. Mydcombi will undergo 12-month stability testing and other functional testing in the Gen-2 Optejet device that is consistent with feedback from the Type-C meeting on Eyenovia's device qualification plan that the Company received from the FDA in July. Eyenovia anticipates completion of testing of its Mydcombi registration batches by the end of next year, with a potential SNDA filing in early 2026.
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CDXS MRVI | Hot Stocks07:10 EDT Codexis licenses genomics life science enzyme portfolio to Alphazyme - Codexis (CDXS) has entered into a non-exclusive commercial and manufacturing license agreement with Alphazyme, part of Maravai LifeSciences (MRVI), for multiple enzymes in Codexis' life science enzyme portfolio. The agreement includes licenses for the HiFi DNA Polymerase, HiTemp Reverse Transcriptase, HiRev Isothermal Polymerase and other enzymes that were in development directed towards genomics and diagnostics applications prior to the company's strategic shift announced in July 2023. Under the terms of the agreement, Codexis is eligible to receive sales-based royalties. Alphazyme collaborates with manufacturers of nucleic acid synthesis and detection platforms to produce custom enzyme formulations for the custom DNA and RNA molecules, genomic medicines and genetic testing markets. This license agreement marks another transaction in which Codexis is executing on its strategy to divest the company's non-core assets following its strategic shift to focus on the growth of its Pharmaceutical Manufacturing business and Enzyme Catalyzed Oligonucleotide Synthesis manufacturing platform.
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NMG | Hot Stocks07:10 EDT Nouveau Monde announces payment of accrued interests - Nouveau Monde Graphite announces the payment of accrued interests as part of a previously announced private placement. Settlement of accrued interests:Upon the approval of the TSX Venture Exchange and the New York Stock Exchange the accrued interests owed to Investissement Quebec or the third quarter of 2024 under the unsecured convertible note, as amended and restated ssued in connection with the private placement announced by press release dated November 8, 2022 will be deemed paid. 205,460 common shares at a price of US$1.59 representing an aggregate amount of US$326,681 will be issued and share certificates will be delivered to the Holder at the maturity, conversion or redemption of the Note in payment of the accrued interests due on September 30 for the third quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four months and one day.
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IONS | Hot Stocks07:10 EDT Ionis announces U.S. FDA granted Fast Track Designation for zilganersen - Ionis Pharmaceuticals announced that the U.S. Food and Drug Administration, FDA, has granted zilganersen Fast Track designation for the treatment of children and adults with an ultra-rare, progressive and ultimately fatal neurological disorder known as Alexander disease. Topline data from the pivotal study of zilganersen is expected in the second half of 2025. The FDA grants investigational medicines Fast Track designation to facilitate the development and expedite the review of medicines that demonstrate the potential to treat serious conditions and fill an unmet medical need. "With no approved treatments available for people living with AxD, receiving this Fast Track designation for zilganersen reflects the seriousness of this ultra-rare disease and the significant unmet need for treatment in this patient population," said Eugene Schneider, M.D., executive vice president and chief clinical development officer at Ionis. "Zilganersen was designed to address the underlying cause of disease and help improve the functioning of people living with AxD. We look forward to a data readout next year and working closely with the FDA to potentially bring forward the first approved AxD treatment."
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QSG | Hot Stocks07:09 EDT QuantaSing Group board approves special dividend of 6.7c per share - QuantaSing Group announced that its board of directors has approved the declaration and distribution of a special dividend of $0.067 per ordinary share. The aggregate amount of the Special Dividend will be approximately $11M, which is payable in U.S. dollars and in cash, and will be funded by surplus cash and to be paid out from the share premium account of the Company. The dividends are expected to be paid on or around November 7, 2024 to the holders of the Company's ordinary shares, and on or around November 15, 2024 to the holders of the ADSs, of record, as of the close of business on October 30, 2024. Dividend to be paid to the holders of ADSs issued by the depositary of the ADSs will be subject to the terms of the deposit agreement.
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INMD | Hot Stocks07:08 EDT InMode announces departures of President of NA, CMO, VP of Sales USA - InMode announced the departure of Shakil Lakhani, President of North America, NA, effective September 30, 2024. His departure follows that of Dr. Spero Theodorou, Chief Medical Officer, CMO, and Dan Wilson, VP of Sales USA. In addition to the departure of the three executives from InMode's North American operations, over the last few months, InMode has changed the management teams in three of its subsidiaries in Europe: InMode UK, InMode Iberia and InMode France.
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EMKR MOBX | Hot Stocks07:08 EDT Emcore confirms receipt of unsolicited, non-binding proposal from Mobix Labs - EMCORE Corporation (EMKR) confirmed that it has received an unsolicited, non-binding proposal from Mobix Labs, Inc. (MOBX) to acquire all of the Company's outstanding shares for $3.80 per share in cash. The Company's Board of Directors continues to evaluate a range of strategic and financial options to enhance shareholder value. The Company's Board of Directors and management team are committed to acting in the best interests of all shareholders. Consistent with its fiduciary duties and in consultation with the Company's financial and legal advisors, the Company's Board of Directors will carefully review Mobix's proposal to determine the course of action that it believes is in the best interest of the Company and its shareholders. The Company does not intend to make further comments regarding potential transactions or provide any public updates regarding proposed or potential transactions, unless required by applicable law or a regulatory body. There can be no assurance that any transaction will be completed at this price or at any other price with such third party or any other third party.
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QBTS | Hot Stocks07:08 EDT D-Wave Quantum, Japan Tobacco team on drug discovery with Quantum AI - D-Wave Quantum announced plans to collaborate on a joint proof-of-concept project that will leverage quantum computing technology and artificial intelligence in the drug discovery process, i.e., "Quantum AI-driven Drug Discovery."..."In our development of AI-driven drug discovery systems, we have been focusing on and researching quantum computing technologies as a speed and quality accelerator in the drug design process," said Dr. Masaru Tateno, Chief Scientific Officer CSO of JT's Pharmaceutical Research Center...Following the proof-of-concept project, JT's pharmaceutical division plans to further advance the developed, Quantum AI-driven Drug Discovery analysis systems and eventually move the application of quantum computing technology into production operations.
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CSIQ | Hot Stocks07:07 EDT Canadian Solar's e-STORAGE to deliver storage solutions to Huatacondo project - Canadian Solar announced that e-STORAGE, which is part of the Company's majority-owned subsidiary CSI Solar Co., has secured a turnkey EPC contract to supply a 98 MW/312 MWh DC Battery Energy Storage System, BESS, to the Huatacondo project in Chile. The project, developed by Sojitz Corporation and Shikoku Electric Power through their subsidiary AustrianSolar Chile Cuatro, is set to commence construction in the first quarter of 2025. e-STORAGE will provide and integrate its advanced SolBank 3.0 energy storage solution for the project. Under the EPC contract, e-STORAGE will manage all civil, mechanical, and electrical infrastructure for the project.
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IVVD | Hot Stocks07:06 EDT Invivyd announces FDA update on Pemgarda fact sheet for SARS-CoV-2 variants - Invivyd announced that the FDA has re-issued an updated Emergency Use Authorization - EUA - Fact Sheet for Healthcare Providers for Pemgarda to provide accurate in vitro neutralization activity of Pemgarda against dominant circulating variants including KP.3.1.1 and LB.1. The FDA's newly updated Fact Sheet, dated September 26, removes a contested statement that "preliminary, non-peer-reviewed data in the public domain indicate that KP.3.1.1 may have substantially reduced susceptibility to pemivibart." The FDA has now included viral neutralization data for pemivibart that is in line with prior variants represented in the CANOPY Phase 3 clinical trial and determined that Pemgarda is likely to retain adequate neutralization activity against SARS-CoV-2 variants currently circulating in the U.S., including KP.3.1.1. Invivyd relies on extensive structural analysis to understand the stability of the pemivibart binding site and uses neutralization bioassays to assess the possible influence of epistasis and allostery. The company will continue to assess variant susceptibility in partnership with the FDA.
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EDAP | Hot Stocks07:06 EDT EDAP TMS announces first patients treated in Phase I/II study of Focal One - EDAP TMS announced that the first patients have been treated in a Phase I/II study evaluating the Company's proprietary Focal One robotic high-intensity focused ultrasound technology for the treatment of benign prostatic hyperplasia. The Phase I/II study is a company-sponsored, prospective, multicenter clinical trial designed as a two-part study. Part 1 of the Phase I/II study will take place at two leading academic prostate treatment centers in France with a recognized expertise in the treatment of BPH as well as in the use of Focal One HIFU technology. Part 1 is designed to define the optimal treatment parameters to effectively treat BPH and its related symptoms with minimal side effects. Part 2 of the study will expand patient enrollment across a larger number of treatment centers in order to validate the safety and efficacy of the parameters as defined in Part 1 of the study.
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VLN | Hot Stocks07:06 EDT Valens Semiconductor to showcase VA700, VS6320 chipsets - Valens Semiconductor announced that it will showcase its chipsets for the industrial machine vision market, "thanks to the exceptional EMC performance and native CSI-2 extension support of the MIPI A-PHY-compliant VA7000, as well as the USB 3.2 extension capabilities of the VS6320," the company said.
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SRDX | Hot Stocks07:05 EDT FDA gives Surmodics clearance for Pounce XL Thrombectomy System - Surmodics announced it has received U.S. Food and Drug Administration FDA 510(k) clearance for its Pounce XL Thrombectomy System..."Securing FDA clearance for the Pounce XL Thrombectomy System is a major step forward in Surmodics' pursuit of a complete mechanical thrombectomy solution for all peripheral arteries, notably critically ischemic lower extremity vessels," said Gary Maharaj, President and Chief Executive Officer of Surmodics. "The Pounce Thrombectomy Platform has already demonstrated its performance as a rapid, efficient solution for the removal of both acute and chronic thrombi and emboli in peripheral arteries without the use of thrombolytics..." Surmodics expects to initiate limited market release for the Pounce XL Thrombectomy System in the first half of 2025, with commercialization planned following the completion of the limited market release.
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ENB D | Hot Stocks07:05 EDT Enbridge completes acquisition of PSNC from Dominion - Enbridge (ENB) announced the closing of its acquisition of Public Service Company of North Carolina, PSNC, from Dominion Energy (D). The PSNC gas utility will be doing business in North Carolina as Enbridge Gas North Carolina and will join Enbridge's Gas Distribution and Storage Business Unit. This marks the successful completion of the strategic acquisition of three U.S. based gas utilities first announced in September 2023.
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ORYZF | Hot Stocks07:05 EDT Oryzon Genomics receives minutes from End-of-Phase II meeting with FDA - Oryzon Genomics announced the receipt of the official meeting minutes from a recent End-of-Phase II meeting for vafidemstat in Borderline Personality Disorder with the US Food and Drug Administration. Based on the feedback received, ORYZON will now move forward with preparing a full PORTICO-2 Phase III trial protocol to be submitted to the FDA for study approval. At the End-of-Phase II meeting with the FDA, held in late August, various aspects of vafidemstat's development plan were thoroughly evaluated and discussed. The minutes cover the FDA's opinion on the suitability of the vafidemstat program to date in several critical areas: preclinical data, toxicology, clinical pharmacology, and iv) clinical studies. The meeting minutes confirm that both the company and the FDA reached clarity on several key elements of the PORTICO-2 Phase III clinical trial design for vafidemstat. The most significant points are summarized as follows: Agitation-aggression in BPD has the potential to be acceptable as a target indication. The FDA agrees that Oryzon may pursue a Phase III study using STAXI-2 Trait anger as a primary efficacy endpoint measure, but the company will have to provide additional information to demonstrate that STAXI-2 Trait anger is a clinically meaningful endpoint in this indication. Secondary endpoints will include both patient-rated and clinician-rated scales, as CGI-S A/A to assess agitation/aggression, and BEST and CGI-S to assess overall BPD improvement. A Qualitative Research Study will be conducted with a subset of PORTICO-2 patients to provide further validation of the proposed endpoints. The Qualitative Study protocol will be submitted prior to its initiation for FDA review and feedback. Oryzon plans to also provide the psychometric properties and performance for the selected primary and key secondary endpoints for FDA review prior to the initiation of the Phase III study. The estimated total sample size for the PORTICO-2 Phase III study is 350 patients, with a trial duration of 18 weeks in total. Subject to FDA review of the final data, the PORTICO-2 Phase III study has the potential to be one of the two registrational trials required by the FDA. Using the same scale selected now as primary endpoint for assessing agitation-aggression in BPD in the PORTICO-2 Phase III trial, the STAXI-2 Trait anger scale, the Phase IIb PORTICO study demonstrated a nominally significant and clinically meaningful reduction of agitation and aggression in the vafidemstat group as compared to placebo. Based on the positive feedback from the FDA, Oryzon will now start preparations for the Phase III program, including the preparation of a full protocol for PORTICO-2 Phase III trial to submit to the FDA. The company will now also engage with European regulatory agencies following standard practice before initiation of the PORTICO-2 Phase III trial.
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SEE SLGN | Hot Stocks07:04 EDT Sealed Air appoints Allott to board of directors - Sealed Air (SEE) announced the appointment of Anthony Allott to its Board of Directors. For 16 years, Allott was Chief Executive Officer and President of Silgan Holdings (SLGN)
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CIGI | Hot Stocks07:03 EDT Colliers International extends agreement with Global Chairman & CEO - Colliers International has extended the term of the existing management services agreement with its Global Chairman and CEO and largest shareholder, Jay Hennick, to January 1, 2029. The agreement was due to expire in April 2026. In connection with this extension, Colliers has created a new performance-based long term incentive plan that ties a significant proportion of Hennick's total compensation to the achievement of certain market capitalization-based growth targets. Under this arrangement, Hennick has been granted a total of 428,174 cash-settled performance units that are subject to the satisfaction of certain performance-based vesting conditions during the period ending January 1, 2029. To the extent incentives are earned, Colliers will be obligated to make a one-time cash payment equal to the number of vested units multiplied by the twenty-day volume-weighted average trading price of the Colliers subordinate voting shares at such time. For the full amount of the units to vest, Colliers' market capitalization would have to increase to approximately $12.3B, double Colliers' market capitalization as at December 31, 2023. A smaller portion of the performance units may vest and be paid if certain lower market capitalization hurdles are satisfied during the term. The performance units cannot be share settled and do not give Hennick any rights as a shareholder of Colliers.
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SLXN | Hot Stocks07:02 EDT Silexion Therapeutics reports breakthroughs from SIL-204 preclinical studies - Silexion Therapeutics announced new preclinical findings for SIL-204, its second-generation siRNA candidate, following the optimization of its extended-release formulation. These latest findings demonstrate that the latest SIL-204-microparticle formulation can inhibit the growth and induce necrosis of the human pancreatic cell line that bears the KRAS G12D mutation xenotransplanted into mice. Given that this mutation constitutes the largest segment of pancreatic cancer subtypes, it represents a significant in the development of SIL-204. Key new pre-clinical findings include: Significant Anti-tumor Activity: In recent mouse xenograft studies, SIL-204 demonstrated substantial tumor reduction in the human pancreatic tumor cell lines with the KRAS G12D mutations using the innovative approach of oncogene silencing with siRNA. Previous studies showed this effect using unformulated siRNA with daily injections. The new studies further show this effect with a single administration of SIL-204 encapsulated in an extended-release formulation. Moreover, histopathological examination of treated tumors showed a very high induction of tumor necrosis. Improved Formulation In Vivo: The transition from PLGA depot rods to PLGA microparticles has resulted in a superior extended-release profile, enhancing the therapeutic potential. We now report in vivo results indicating that our new modified PLGA-microparticle formulation has superior properties over previous extended-release formulations. Silexion plans to initiate toxicology studies with SIL-204 within the upcoming months and has plans to advance SIL-204 into Phase 2/3 clinical trials in the first half of 2026, focusing initially on locally advanced pancreatic cancer which has a notoriously high mortality rate. In parallel, the company plans to initiate preclinical studies for SIL-204, in colorectal cancer models.
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GCO | Hot Stocks07:00 EDT Genesco appoints Sandra Harris as CFO - Genesco announced the appointment of Cassandra "Sandra" Harris as Senior Vice President, Finance and CFO effective October 7, 2024. Harris succeeds Thomas A. George, whose planned retirement will take effect on December 12, 2024 to ensure an orderly transition. Harris joins Genesco with an impressive background of CFO and finance leadership roles in retail and consumer brands companies, including at VF Corporation. Harris will report directly to Vaughn and will oversee Genescos accounting, financial planning and analysis, investor relations, treasury, procurement and tax functions. During the transitional period, George will continue as Genescos Principal Accounting Officer.
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PHR | Hot Stocks06:59 EDT Phreesia secures new contract with CMS Innovation Center - Phreesia announced that its contract with the CMS Innovation Center for use of the Patient Activation Measure has been renewed through 2029. The PAM performance measure, which assesses gains in patients' knowledge, skills and confidence in managing their own healthcare, is one of the first patient-reported outcome performance measures used in a CMS alternative payment model. Under the new contract, Phreesia will provide access to PAM, training, analysis and other support to the Kidney Care Choices Model. CMMI also has the option to expand the PAM into additional models, including those focused on other disease states, care settings or episodes of care.
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THC | Hot Stocks06:58 EDT Tenet Healthcare completes sale of five hospitals in Birmingham - Tenet Healthcare Corporation has completed the sale of its 70% majority ownership interest in Brookwood Baptist Health in Birmingham to Orlando Health consistent with previously disclosed terms. The completed transaction includes five hospitals - Brookwood Baptist Medical Center, Citizens Baptist Medical Center, Princeton Baptist Medical Center, Shelby Baptist Medical Center, Walker Baptist Medical Center - and other related operations. Tenet's Conifer Health Solutions subsidiary has entered into a ten-year contract to provide comprehensive revenue cycle management services for these operations.
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MRK | Hot Stocks06:57 EDT Merck completes acquisition of CN201 from Curon - Merck announced the completion of the acquisition of CN201 from Curon Biopharmaceutical, a novel investigational clinical-stage bispecific antibody for the treatment of B-cell associated diseases. CN201 is currently being investigated in Phase 1 and Phase 1b/2 clinical trials for the treatment of patients with relapsed or refractory non-Hodgkin's lymphoma and relapsed or refractory B-cell acute lymphocytic leukemia, respectively. Preliminary data suggest CN201 has activity in patients with relapsed or refractory B-cell hematologic malignancies and is well tolerated, potentially leading to significant and sustained reductions in B-cell populations. Under the agreement, Merck, through a subsidiary, has acquired full global rights to CN201. As previously disclosed, the transaction is being accounted for as an asset acquisition. Merck is recording a pre-tax charge of approximately $750 million, or approximately $0.28 per share, which will be included in third-quarter non-GAAP results and was not included in Merck's full-year financial outlook issued on July 30. As a matter of policy, Merck provides updates to its financial outlook once each quarter and will provide an update to its full-year financial outlook when it reports third-quarter 2024 results on October 31.
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BNOX | Hot Stocks06:41 EDT Bionomics intends to re-domicile to the U.S. - Bionomics announced its intention to re-domicile from Australia to the U.S. via a proposed scheme of arrangement between Bionomics and its shareholders that will be governed by Australian law. Implementation of the Scheme is subject to approval of Bionomics' shareholders as well as regulatory and court approvals. Bionomics is an Australian corporation and its ordinary shares, in the form of ADSs, have been trading in the U.S. on Nasdaq since December 2021. Each ADS represents 180 ordinary shares of Bionomics. Should the Scheme be approved by Bionomics shareholders and an Australian court, all shareholders of Bionomics will receive a proportionate number of shares of common stock in Neuphoria Therapeutics, a new parent company that was incorporated in the U.S. State of Delaware for purposes of the re-domiciliation. Effective July 1, Bionomics no longer qualified as a foreign private issuer and, for this and other reasons, Bionomics' board has approved a plan to re-domicile Bionomics from Australia to Delaware. A re-domiciliation would eliminate significant Australian compliance costs, including avoiding the need to prepare financial statements in accordance with International Financial Reporting Standards as well as U.S. generally accepted accounting principles. Following the implementation of the Scheme, Neuphoria will become the ultimate parent company of the Bionomics group of companies, with Bionomics becoming a wholly-owned subsidiary of Neuphoria. Holders of fully paid ordinary shares in Bionomics will be entitled to receive one share of common stock in Neuphoria for every 1,440 Bionomics Shares held on the Scheme record date; and holders of Bionomics ADSs will be entitled to receive one Neuphoria Share for every 8 ADSs held in Bionomics on the Scheme record date. Holders of Bionomics options and warrants will be asked to exchange those securities for equivalent options and warrants in Neuphoria based on the same exchange ratio as the Scheme ratio. The re-domiciliation is not expected to result in any material change to Bionomics' assets, management, operations or strategy, and is expected to be structured on a tax-neutral basis to Bionomics and its shareholders. The Board has appointed an independent expert to assess if the Scheme is in the best interests of holders of Bionomics Shares. The Board unanimously recommends that Bionomics shareholders vote in favour of the Scheme. Bionomics shareholders do not need to take any action at this time. Bionomics shareholders will be given the opportunity to vote on the Scheme at the Scheme meeting expected to be held in late November and, subject to the conditions of the Scheme being satisfied, the Scheme is expected to be implemented in early December.
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GPI | Hot Stocks06:40 EDT Group 1 Automotive acquires Soper of Lincoln BMW/MINI in Lincolnshire - Group 1 Automotive announced the expansion of its U.K. operations with the acquisition of Soper of Lincoln BMW/MINI located north of London in the county of Lincolnshire. This acquisition is expected to generate approximately $125M in annual revenues. Group 1 has now acquired an estimated $3.9B of annual revenues in 2024, which follows $1.1B of acquired revenues in 2023.
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HUT | Hot Stocks06:39 EDT Hut 8 announces early payoff of outstanding loan - Hut 8 announced the conversion of the entire ~$38 million outstanding balance of its subsidiary's outstanding loan with Anchorage Lending CA, LLC, a subsidiary of Anchor Labs, Inc. d/b/a Anchorage Digital, into common stock of the Company. Anchorage Digital has converted the ~$38 million outstanding balance of the loan at a price of $16.395 per share of common stock of Hut 8 pursuant to a Debt Repayment Agreement. . The share price represents a 51% premium to the 20-Day VWAP through September 26, 2024, the day prior to the signing of the Debt Repayment Agreement. Upon completion of the Conversion, the outstanding loan and all other related obligations of the Company and its subsidiaries have been satisfied.
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PINC | Hot Stocks06:37 EDT Premier divests ownership in S2S Global via partnership with Prestige Ameritech - Premier entered into a partnership with Prestige Ameritech. Pursuant to the partnership agreement, Premier exchanged all its holdings in the S2S Global business, its direct sourcing subsidiary, for a 20 percent minority interest in Prestige. This new ownership interest is in addition to an existing indirect investment that Premier made in the company in 2020, increasing Premier's total ownership interest in Prestige to approximately 24.2 percent in the aggregate.
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STTK | Hot Stocks06:36 EDT Shattuck Labs provides pipeline and financial update - Shattuck Labs announced a strategic pipeline prioritization to include the discontinuation of its clinical program, SL-172154. The company will turn its focus to SL-325, its DR3 antagonist antibody, and plans initial clinical development in patients with IBD, where TL1A/DR3 blocking antibodies have demonstrated compelling monotherapy efficacy. Shattuck to discontinue SL-172154 program and pivot to pipeline compound: approval of SL-172154 in TP53m AML and HR-MDS would require meaningful improvement in OS in large-scale, randomized studies. The company saw only modest improvements in OS in its Phase 1 trial and historically some erosion in efficacy would be expected in larger, randomized trials. Given Shattuck's current resources, the lack of a definitive OS benefit to date, and that no CD47 inhibitor has shown a significant efficacy signal in any indication to date, the company has chosen to reallocate its resources to drive SL-325 through Phase 1 clinical development. Shattuck and Ono Pharmaceutical mutually agreed to terminate their license agreement collaborating on preclinical development of certain compounds. Shattuck's lead candidate, SL-325, is a potentially first-in-class DR3 antagonist antibody for the treatment of IBD and other inflammatory autoimmune diseases. Shattuck expects to file an IND for SL-325 in 3Q25. As of June 30, cash and cash equivalents and investments were $105.3M. Shattuck has implemented a restructuring plan to prioritize the development of the company's DR3 program following the discontinuation of SL-172154. Approximately 40% of Shattuck's workforce will be impacted by the changes. The company expects to complete the reduction in force in Q4. The company believes its cash and cash equivalents and investments will be sufficient to fund its planned operations into 2027, beyond results from its planned Phase 1 clinical trial of SL-325.
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CURB SITC | Hot Stocks06:36 EDT Curbline Properties completes spin-off from Site Centers - Curbline Properties has completed the previously announced spin-off from SITE Centers and is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange under the ticker symbol "CURB." Curbline is an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. The Company plans to elect to be treated as a real estate investment trust for U.S. federal income tax purposes. SITE Centers shareholders received two shares of Curbline common stock for every one common share of SITE Centers held at the close of business on the record date of September 23, 2024.
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STVN | Hot Stocks06:34 EDT Stevanato to introduce Vertiva 10mL on-body delivery system platform - Stevanato Group announced the expansion of its Vertiva platform, which will include a 10mL option to be presented at CPHI Milan in October. The Vertiva easy-to-use platform can be pre-programmed to accommodate different motor driven dosing profiles, from micro-precision basal delivery to full-content bolus injections. This flexibility makes the platform ideal for administering a wide range of small molecule and biologic therapies, enabling treatment for conditions such as cardiovascular and metabolic disorders, oncology, immunology, and pain management.
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SITC CURB | Hot Stocks06:33 EDT Site Centers completes spin-off of Curbline Properties - SITE Centers has completed the previously announced spin-off of Curbline Properties, which is now an independent, publicly traded company that will begin regular-way trading today on the New York Stock Exchange under the ticker symbol "CURB." Curbline is an owner of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. Curbline plans to elect to be treated as a real estate investment trust for U.S. federal income tax purposes. SITE Centers shareholders received two shares of Curbline common stock for every one common share of SITE Centers held at the close of business on the record date of September 23, 2024.
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MRNA | Hot Stocks06:27 EDT Moderna, Cenra Healthcare enter joint agreement to promote portfolio in Taiwan - Moderna and Cenra Healthcare, the sales and marketing arm of Cenra, announced that the companies have entered into a joint agreement regarding the co-promotion of Moderna's mRNA respiratory vaccine portfolio in Taiwan, including Moderna's COVID-19 vaccine, Spikevax. Under the agreement, Moderna will manufacture and distribute its mRNA respiratory vaccines. Cenra Healthcare will engage in promotion and execute medical education activities to ensure broad access to Moderna's mRNA respiratory portfolio across Taiwan. The agreement has an initial term until July 31, 2027, and no further details on the financial terms of the deal are being disclosed.
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TRX | Hot Stocks06:20 EDT TRX Gold completes metallurgical variability study at Buckreef Gold - TRX Gold announced completion of the ongoing metallurgical variability study at the Buckreef Gold Project, with results confirming excellent gold recovery rates for the processing of sulphide ore. Metallurgical test work on the sulphide ore portion of the project, which encompasses approximately 90% of the Buckreef Main Zone's 2M+ ounce Au Measured and Indicated Mineral Resources, has been an important area of focus for the Company, as it continues to grow the project in a low-risk, low-cost, value accretive manner. To date, the Buckreef Gold team has successfully delivered 3 mill expansions within 36 months, on time and on budget, thanks to careful planning, budgeting and execution. As a key value driver for the Company, metallurgical testing began at the Buckreef Main Zone in June of 2021, whereby a straightforward flowsheet comprising of crush, grind, flotation, regrind and CIL was developed by SGS Canada. In a laboratory, bulk sample testing returned gold recoveries between 85.3% to 95.4%. In June 2023, a 6,500-tonne bulk sample of sulphide ore was tested on site at Buckreef Gold's existing milling facility. This successful test reported gold recoveries from sulphide ore of 88.7%. The recent and much larger metallurgical variability study reported on today, reiterates results from past test work and is now of greater importance as Buckreef Gold is processing a higher proportion of sulphide ore at its newly expanded milling facility. As part of this recent phase of test work, drill core from a total of 18 metallurgical holes along the entire strike of the Buckreef Main deposit, were blended into samples that were then processed and tested against variable benchmarks within a processing flowsheet. Highlights from the results demonstrate: A finer grind size leads to a higher gold recovery: Batch samples were each milled at a specific grind size, incrementally finer in nature, resulting in incrementally improved gold recovery grades. The gold recovery rate increased from 81.2% to 92.5% as the grind became finer from 80% - 53 mum to 80% - 5 mum. Results in line with current operational performance: For the 15 composites tested in the most recent study, recovery rates ranged from 79.9% to 87.0% in a gravity + floatation + leaching test at a grind size of 80% - 75 mum, which is consistent with what is being experienced in current operations. Buckreef Gold is also experiencing a relatively consistent tailings grade, regardless of head grade, at a grind size of 80% - 75 mum, further supporting the fact that increased grinding will lead to higher recovery rates. Increasing gold recovery in current operations: Test results showed that the gold is finely disseminated in the pyrite and improved recoveries can be achieved by grinding finer below 25microm. An upgrade of the existing Buckreef Process Plant flowsheet to include rougher flotation and subsequent regrinding of the flotation concentrate, by using the regrind ball mill, is expected to achieve the targeted grind size with minimum energy consumption. The Company is currently developing finer grinding initiatives to achieve gold recoveries above 90% for the sulphide ore. Low cost, self-funded expansion opportunities can continue: The positive grade recovery results and increased understanding of the metallurgy of the Buckreef Gold Project, confirm the direction of TRX Gold's current business strategy, by providing the Company with the optionality for near term mine planning of the sulphide ore. The results also speak to the robust project economics of the Buckreef Gold Project and the potential for future plant expansions and optimizations. Positive outlook for additional Mineral Resources: This also bodes well for future Mineral Resource development, as the Company continues to focus on development of other high-priority gold zones, such as Anfield and Eastern Porphyry, where a 2023 brownfield exploration program returned very similar geologic and mineralization characteristics as the Main Zone, to which similar milling processes could apply.
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LVS... | Hot Stocks06:19 EDT Macau reports September casino revenue up 15.5% to 17.25B patacas - Macau's gaming bureau reported September gross revenue from games of fortune in the region was up 15.5% year-over-year to 17.253B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
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DGHI | Hot Stocks06:13 EDT Digihost updates September 2024 production and data center initiative - Digihost provided unaudited comparative Bitcoin production results for September 2024, combined with an operations update. The company held cash, BTC and cash deposits of approximately $9.2M as of September 30, 2024 vs. $10.4M as of August 31. Between self-mining and hosting agreements, miners at the company's facilities produced approximately 35 BTC during the month of September. The company anticipates an increase in mining efficiencies, greater asset longevity and a reduction of downtime in the future at that facility as a result of the completed maintenance. Officers and directors of the Company entered agreements to acquire 685,038 subordinate voting shares of the company in private transactions. The company spent approximately $0.3M on capital expenditures, mining infrastructure support equipment, and deposits. The company is in the process of building its initial Tier 3 data center with a target completion date at the end of 2025 or Q1 2026. CEO Michel Amar and Alec Amar, director and President of Digihost, entered into share purchase agreements with a seller to acquire 150,000 and 535,038 subordinate voting shares of the company, respectively, by way of a private transaction at a price of $1.18 per share. Presently, Digihost's consolidated operating capacity across its three sites represents approximately 90MW of available power, and Digihost is mining at a hashrate of 2.75 EH/s.
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BNTX | Hot Stocks06:12 EDT BioNTech highlights AI capabilities, R&D use cases at AI Day - BioNTech presents an overview of its AI approach during an edition of the Company's Innovation Series, AI Day. "At BioNTech, we are at the forefront of integrating advanced AI to revolutionize individualized medicine. With our in-house AI specialist, InstaDeep, we are pioneering the use of artificial intelligence to develop personalized vaccines and targeted therapies," said Prof. Ugur Sahin, M.D., CEO and Co-Founder of BioNTech. "By introducing state-of-the-art technologies such as our BFN generative protein model and incorporating AI capabilities across our immunotherapy pipeline, we are unlocking the full potential of AI to deliver innovative vaccines and cancer treatments to patients worldwide". As part of the event, BioNTech will showcase the Company's approach to AI capability scaling and deployment across BioNTech's pipeline. These updates will cover the introduction of a new near exascale supercomputer, the launch of a novel BFN generative model, and multiple updates on the deployment of AI across BioNTech's immunotherapy pipeline.
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LNZA | Hot Stocks06:11 EDT LanzaTech plans to expand biorefining platform capabilities - LanzaTech Global announced its plans to expand its biorefining platform capabilities to include operations that produce LanzaTech Nutritional Protein as the primary product. LNP is a microbial protein that is a nutrient-rich alternative to plant and animal-based proteins. By using a new microbe in its proprietary gas fermentation process, LanzaTech's biorefining platform can produce a cost-competitive protein solution that supports a resilient food supply chain. LNP production has the capability to address food security issues and be produced anywhere in the world, independent of weather extremes. Notably, the production of LNP uses a fraction of the land and water resources that traditional protein sources require. With the development of LNP production facilities, LanzaTech will gain access to the large and growing alternative protein markets, diversifying its customer base, expanding its sources of revenue, and optimizing the value creation driven by its existing, proven platform. LanzaTech is evaluating potential sites, in collaboration with several partners, for the first pre commercial facilities, planned to be operational in 2026. These facilities are expected to produce between 0.5 to 1.5 tons of LNP per day, and given the high protein content of LNP, 0.5 tons per day of LNP is roughly the equivalent of giving a typical complete daily intake of protein to approximately 9,000 people.
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MOD TLS | Hot Stocks06:11 EDT Modine Manufacturing appoints Telos CFO Mark Bendza to board - Modine (MOD) announced that Mark Bendza will join the company's board of directors effective immediately. Bendza currently serves as CFO at Telos (TLS).
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LILM | Hot Stocks06:10 EDT Lilium completes first systems power-on milestone for Lilium Jet - Lilium has completed the first systems power-on milestone of its all-electric Lilium Jet. The test procedure on the first in-production Lilium Jet, MSN 1, represents a significant achievement on the path to first flight and certification. This test confirms that the aircraft is being built in accordance with Lilium's platform design and the flight systems are functioning correctly. At power-on, high-voltage is applied to the aircraft and converted to supply the low-voltage electrical and avionics systems - including cockpit display, flight controls, communication, navigation, and surveillance systems. This milestone corresponds to the customary power-on acceptance test procedure used in conventional commercial aircraft manufacturing. MSN 1 is due to become Lilium's lab test aircraft, or "ironbird". It will be a fully functional aircraft and key asset for the certification program, being used to prove safety of flight and compliance with airworthiness requirements. The second Lilium Jet, MSN 2, also currently in final assembly, is the first aircraft that Lilium intends to fly with a pilot on board in early 2025. Production of MSN 3 fuselage is underway at the supplier. Lilium intends to fly a total of six test aircraft up to type-certification and entry into service, targeted for 2026.
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CVM | Hot Stocks06:09 EDT CEL-SCI selects Ergomed as CRO for Multikine registration trial - CEL-SCI announced its renewed collaboration with Ergomed Clinical Research for its upcoming FDA confirmatory Registration Study of Multikine in head and neck cancer. Ergomed will provide global comprehensive clinical operations support to ensure the timely and efficient execution of the trial. This partnership builds on their previous collaboration for the Phase 3 trial of Multikine, which was the largest study ever conducted in head and neck cancer. CEL-SCI achieved other major milestones including receiving pediatric waivers from the UK's Medicines & Healthcare Products Regulatory Agency and the European Medicines Agency. Multikine has already demonstrated promising results in its prior studies, showing a significant improvement in survival rates. In the target population for the confirmatory study, patients treated with Multikine had a 5-year survival of 73% vs 45% survival in the control patients, with a hazard ratio of 0.35. The confirmatory study is designed to provide the final data required for regulatory approval.
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NIO | Hot Stocks06:08 EDT Nio delivers 21,181 vehicles in September, 61,855 vehicles in Q3 - Nio announced its September and third quarter 2024 delivery results. The company delivered 21,181 vehicles in September, representing an increase of 35.4% year-over-year. The deliveries consisted of 20,349 vehicles from the company's smart electric vehicle brand Nio, and 832 vehicles from the company's family-oriented smart electric vehicle brand Onvo. The company delivered 61,855 vehicles in the third quarter, a new quarterly record representing an increase of 11.6% year-over-year. Cumulative deliveries reached 598,875 as of September 30. On September 19, Onvo's first model, the L60, a mid-size family smart electric SUV was launched. The L60 leverages Nio's accumulation in smart and electric technologies, smart manufacturing, power network and supply chains
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CXBMF | Hot Stocks06:07 EDT Calibre Mining appoints David Schummer as SVP, COO - Calibre Mining announced the appointment of David Schummer as SVP & COO effective October 1, 2024, and Stephen McCaughey as Vice President Technical Services, Nicaragua. Prior to joining Calibre as COO, David was the COO for Perseus Mining, and prior to that he was the President of Ma'aden Gold & Base Metals. Stephen is a registered Member of the Australian Institute of Geoscientists and has over 30 years of experience in the mining industry including 14 years with BHP.
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AMRX | Hot Stocks06:05 EDT Amneal Pharmaceuticals and Metsera to codevelop weight loss medicines - Amneal Pharmaceuticals and Metsera, a clinical-stage biopharmaceutical company accelerating the next generation of medicines for obesity and metabolic diseases, have entered into a collaboration agreement to enable the efficient development and large-scale supply of a portfolio of new weight loss medicines globally. Metsera is advancing a portfolio of next-generation therapies for obesity and metabolic diseases. Metsera recently announced results from the Phase 1 clinical trial of its glucagon-like peptide-1 receptor agonist injectable, MET-097. The Phase 1 trial demonstrated that MET-097 achieved significant and durable weight loss. MET-097 is expected to be the first drug manufactured under Amneal and Metsera's collaboration. Amneal has global product development and manufacturing capabilities, including in-house API and sterile fill-finish manufacturing, which complement Metsera's offerings. Amneal will serve as Metsera's preferred supply partner for developed markets, including the U.S. and Europe. Amneal will also be granted a license to commercialize Metsera's products in select emerging markets. Amneal will construct two new greenfield manufacturing facilities in India. The new site, which will house both facilities, is expected to break ground later this year, with a total net cost to Amneal of $150M-$200M over the next four to five years. Additionally, Amneal will support Metsera with certain product development activities.
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LI | Hot Stocks06:04 EDT Li Auto delivers 53,709 vehicles in September, 152,831 vehicles in Q3 - Li Auto announced that it delivered 53,709 vehicles in September, up 48.9% year over year. This brought the company's third-quarter deliveries to 152,831, increasing by 45.4% year over year. As of September 30, 2024, Li Auto had delivered a total of 341,812 vehicles in 2024, with cumulative deliveries reaching 975,176.
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GLPG | Hot Stocks06:03 EDT Excellos selected to support Galapagos' CAR-T cell therapy clinical study - Excellos has been selected to manufacture Galapagos' CAR-T cell therapy candidate, GLPG5101, for its recently FDA cleared ATALANTA-1 clinical study in patients with relapsed/refractory non-Hodgkin lymphoma in the U.S. Excellos was selected upon completion of an extensive site audit and assessment process and will provide end-to-end manufacturing of Galapagos' CAR-T cell therapy on Galapagos' platform at Excellos' new purpose-built manufacturing facility in downtown San Diego, CA. Galapagos' decentralized manufacturing platform could address many of the limitations that CAR-T cell therapy production is currently facing. It has the potential to offer greater speed and scalability, with the delivery of fresh, fit cells with a median vein-to-vein time of seven days and the possibility for greater physician control and improved patient experience. This project represents the first site initiation under the recently announced strategic collaboration between Galapagos' U.S. entity GLPG US, Inc. and BCA. Under this agreement, BCA's national network of blood centers will provide decentralized manufacturing services for Galapagos' CAR-T cell therapy product candidates, close to cancer treatment centers across the U.S.
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ZK | Hot Stocks06:02 EDT Zeekr delivers 21,333 vehicles in September - Zeekr announced its delivery results for September. Zeekr delivered 21,333 vehicles in September, a 77% year-over-year increase. Year-to-date, Zeekr has delivered 142,873 vehicles in 2024, representing 81% growth over the same period last year. As of the end of September 2024, Zeekr's cumulative deliveries reached 339,506. On September 20, Zeekr officially unveiled its premium electric five-seater SUV, the Zeekr 7X, with deliveries commencing the very next day.
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WKEY LAES | Hot Stocks06:00 EDT WISeKey, Sealsq to promote semiconductor fabrication project in Switzerland - WISeKey (WKEY) announced that will be initiating an awareness campaign to promote a major semiconductor fabrication facility project in Switzerland. For many years, WISeKey has been at the forefront of such efforts and has built an extensive expertise in semiconductors. Via its subsidiary. Sealsq (LAES), which focuses on semiconductors, PKI, and post-quantum technology products, WISeKey offers countries the opportunity to develop their own semiconductor personalization centers through Public-Private Partnerships. This initiative aims to reduce reliance on foreign semiconductor manufacturing, thereby enhancing global supply chain security. The project's objective in Switzerland is to start with a mini fab and gradually expand it into a full-scale semiconductor fab over the next 10 years.
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SONY | Hot Stocks06:00 EDT Sony Pictures Entertainment CEO Vinciquerra to step down, Ahuja to succeed - Sony Group Corporation and Sony Pictures Entertainment, SPE, announced that SPE Chairman and CEO Tony Vinciquerra will step down from his role as SPE CEO, and that Ravi Ahuja, SPE's current Chairman of Global Television Studios and President and COO, will assume leadership of SPE as President and CEO, effective January 2, 2025. Vinciquerra will remain in an advisory role for SPE as non-executive Chairman until the end of December 2025. Ahuja will report to Sony Group Corporation Chairman and CEO Kenichiro Yoshida and Sony Group Corporation President, COO and CFO Hiroki Totoki. Vinciquerra joined SPE in June 2017, and has led the company's dramatic turnaround with five consecutive years. Ravi Ahuja joined SPE in 2021 to oversee all production businesses for Sony Pictures Television and the studio's India business as Chairman of Global Television Studios.
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XPEV | Hot Stocks05:54 EDT XPeng delivers 21,352 units in September, 46,533 units in Q3 - XPeng announced its vehicle delivery results for September and the third quarter 2024. In September, XPeng delivered 21,352 Smart EVs, a new record for monthly deliveries, representing increases of 39% year-over-year and 52% over the prior month. At the same time, the first month of deliveries of XPeng MONA M03 exceeded 10,000 units. For the first nine months of 2024, XPeng delivered 98,561 Smart EVs, a 21% increase from the same period last year. With a broad array of superior configurations and competitive pricing, XPeng MONA M03 has experienced a significant increase in orders since its market launch. XPeng and supply chain partners are sparing no effort to prepare for XPeng MONA M03's further production ramp-up. In September, XNGP's monthly active user penetration rate in urban driving reached 83%. XPeng rolled out its AI Tianji XOS 5.3 to all eligible owners in China on September 25, enhancing their experience with 32 feature updates and 38 functional upgrades. Empowered by end-to-end large AI models, XPeng's ADAS features can deliver seamless smart driving on all public roads, including passing electronic toll collection, navigating U-turns and roundabouts, and much more. Additionally, after successful launch events in Madrid and Lisbon in September, XPeng officially introduced the G9, G6 and P7 models to the Spanish and Portuguese markets. Looking ahead, the company expects to unveil XPeng P7+, positioned as AI-defined car, in October.
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COVTY | Hot Stocks05:53 EDT ADNOC offers to acquire Covestro for EUR 62 per share - Covestro AG signed an Investment Agreement with certain entities of the ADNOC Group, including ADNOC International Limited and its subsidiary, ADNOC International Germany Holding AG. The agreement stipulates, among other items, that the Bidder will make a public takeover offer for all outstanding shares of Covestro at a price of EUR 62.00 per share. In addition, ADNOC International is committing itself to fully supporting the company's "Sustainable Future" strategy. At the same time, the Board of Management and the Supervisory Board of Covestro decided today that upon completion of the transaction, the company's share capital shall be increased by 10% and that, at and subject to closing, the new shares shall be issued to the Bidder against payment of a price per share equal to the offer price, thus, based on an offer price of EUR 62.00 against a total amount of EUR 1.17 billion, under simplified exclusion of subscription rights. Dr. Markus Steilemann, CEO of Covestro, said: "We are convinced that the agreement reached today with ADNOC International is in the best interest of Covestro, our employees, our shareholders, and all other stakeholders." The offer will be subject to a minimum acceptance level of 50 percent plus one share and customary closing conditions, including merger control, foreign investment control, EU foreign subsidies clearances. In connection with the conclusion of the Investment Agreement, the Board of Management, with the support of the Supervisory Board, has also decided to not propose a dividend payment until the transaction has been completed or until the expiration of the period for regulatory approvals or a termination of the Investment Agreement. Goldman Sachs and Perella Weinberg are acting as financial advisors to Covestro's Board of Management on the transaction, with Linklaters acting as legal advisor. For Covestro's Supervisory Board, Rothschild & Co and Macquarie Capital are acting as financial advisors, and SZA Schilling, Zutt & Anschutz as legal advisors.
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AZN | Hot Stocks05:49 EDT Daiichi Sankyo, AstraZeneca Enhertu sBLA accepted and granted priority review - Daiichi Sankyo and AstraZeneca's supplemental biologics license application, or sBLA, for Enhertu has been accepted and granted priority review in the U.S. for the treatment of adult patients with unresectable or metastatic HER2 low or HER2 ultralow breast cancer who have received at least one endocrine therapy in the metastatic setting. Enhertu is a specifically engineered HER2 directed DXd antibody drug conjugate discovered by Daiichi Sankyo and being jointly developed and commercialized by Daiichi Sankyo and AstraZeneca. The FDA grants priority review to applications for medicines that, if approved, would offer significant improvements over available treatment options by demonstrating safety or efficacy improvements, preventing serious conditions or enhancing patient compliance. The Prescription Drug User Fee Act date, the FDA action date for their regulatory decision, is February 1, 2025. The priority review follows receipt of Breakthrough Therapy Designation granted by the FDA for Enhertu based on data from the DESTINY-Breast06 phase 3 trial in August 2024.
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CMCL | Hot Stocks05:45 EDT Caledonia Mining to sell share capital of Zimbabwe subsidiary for $22.35M - Caledonia Mining announced that it has signed a conditional sale agreement for the entire issued share capital of its Zimbabwe subsidiary, Caledonia Mining Services, which owns and operates the 12.2MWac solar plant that supplies power to Blanket Mine. CMS is to be sold to CrossBoundary Energy Holdings for $22.35M, payable in cash, and the power generation of the solar plant will continue to be sold to Blanket Mine by way of a power purchase agreement. The construction of the solar plant was initially financed by a registered offering of Caledonia's shares in the US in 2020 and this raised $13M through the issue of 597,963 shares. Since commissioning in February 2023, the solar plant has generated over 47,350Mwh of power, and profits attributable to the solar plant for the year ended December 31, 2023 were $728,023. The power generated from the solar plant has significantly reduced the use of diesel generators and grid power at Blanket Mine, ensuring approximately a fifth of the mine's daily electricity needs are met by solar power. The plant will continue to supply Blanket Mine under an exclusive power purchase agreement. The sales consideration will be reinvested in Caledonia's other projects that are expected to yield a higher return to our shareholders and will have the added benefit of focusing management's attention on its core business of gold mining and exploration. CBE was launched by the CrossBoundary Group, a mission-driven investment firm, in 2015 as Sub-Saharan Africa's first provider of fully financed commercial-industrial solar solutions.
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VZ | Hot Stocks05:41 EDT Verizon fully restores network disruption, service restored to normal levels - Verizon last night said in a statement: "Verizon engineers have fully restored today's network disruption that impacted some customers. Service has returned to normal levels. If you are still having issues, we recommend restarting your device. We know how much people rely on Verizon and apologize for any inconvenience. We appreciate your patience." Reference Link
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NXT | Hot Stocks05:37 EDT Nextracker inaugurates India's first Center for Solar Excellence - Nextracker inaugurated India's first Center for Solar Excellence, or CFSE, in Hyderabad, India. Spanning across 13 acres this facility will serve to advance solar tracker technology, further accelerating the region's energy transition. The CFSE will feature a 30,000 square foot lab, a solar tracker installation, and training facilities encompassing the entire project lifecycle-from structural, mechanical, and electrical design to construction, operation, and maintenance. Working closely with supply chain partners, customers, and third-party laboratories, Nextracker's cross-functional team of experts will be developing, testing, and commercializing proprietary technologies.
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CME | Hot Stocks05:33 EDT CME Group to expand suite of Nikkei 225 futures contracts - CME Group announced it will expand its suite of Nikkei 225 futures contracts with the addition of yen- and U.S. dollar-denominated Micro Nikkei futures on October 28, pending regulatory review. Sized at 50 yen and 50c, respectively, these new micro-sized contracts will allow traders to capture Japanese benchmark trading opportunities with greater precision and will add to CME Group's existing suite of standard and E-mini Nikkei contracts.
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HAFN | Hot Stocks05:30 EDT Hafnia completes redomiciliation to Singapore - Reference is made to the stock exchange announcement made by Hafnia on September 20 regarding the subsequent court hearing at which the Supreme Court of Bermuda sanctioned the scheme of arrangement between the company and its shareholders pursuant to Section 99 of the Bermuda Companies Act 1981 as amended in order to effect a discontinuance of the company from Bermuda and continuance to Singapore and adopt the constitution of the company which will take effect upon continuance in Singapore. The court order has been filed with the Registrar of Companies in Bermuda and the company has obtained the final approval by the Singapore Accounting and Corporate Regulatory Authority.
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UMC | Hot Stocks05:25 EDT UMC signs MOU with Ngee Ann Polytechnic - UMC signed a memorandum of understanding, or MOU, with Ngee Ann Polytechnic, or NP, to enhance training for engineering talents and expand the workforce for the growing semiconductor industry. In a ceremony held, the MOU was signed by Michael Hsu, VP of Singapore Operations at UMC, and Tan Wei Lian, director of school of engineering at NP. The signing was witnessed by Stan Hung, chairman of UMC, and Lim Kok Kiang, principal and CEO at NP. Under the agreement, UMC will contribute to course design for the microelectronics specialization of the Diploma in Electronic & Computer Engineering, or ECE, offered by NP. In addition to full-time diploma courses, UMC and NP are exploring the development of semiconductor work-study programs for recent graduates to gain practical training and continuing education training courses offering working professionals upskilling and reskilling opportunities.
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RWSPF | Hot Stocks05:20 EDT RWS Holdings names Jacqui Taylor chief people officer - RWS announced that Jacqui Taylor has joined its executive team as chief people officer. Taylor, who joined RWS in 2023 as VP of Human Resources, is responsible for the group's overall human resources strategy, including global talent acquisition, leadership development, colleague engagement and diversity, equity, inclusion and belonging. She brings more than 25 years' experience across several industries including the electronics, construction and testing, inspection and certification sectors. Before joining RWS she was group chief human resources officer at EDM Group.
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GXO | Hot Stocks05:16 EDT GXO Logistics announces new strategic partnership with Forum Sport - GXO Logistics announced a new strategic partnership with Forum Sport, a distributor of sports equipment. GXO will handle B2B and B2C order preparation and distribution, returns and other value-added activities from two warehouses located in Vitoria and Basauri, North of Spain.
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