Stockwinners Market Radar for October 03, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
BLDE | Hot Stocks20:09 EDT Cathie Wood's ARK Investment buys 66.6K shares of Blade Air Mobility today
|
COST... | Hot Stocks20:07 EDT Large U.S. consumer names modestly higher afterhours as port strike ends - The International Longshoremen's Association and the United States Maritime Alliance announce they have "reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues. Effective immediately, all current job actions will cease and all work covered by the Master Contract will resume." Shares of large U.S. consumer names were modestly higher afterhours on the announcement: Walmart (WMT) ended the session up 0.5%, Target (TGT) up 0.7%, Costco (COST) up 0.4%, BJ's Wholesale Club (BJ) up 0.4%, Best Buy (BBY) up 0.6%, Dollar General (DG) up 1.1%, Amazon.com (AMZN) up 1.2%, and Wayfair (W) up 1.9%.Reference Link
|
SIFY | Hot Stocks19:50 EDT Sify Technologies trading halted, news pending
|
BDRX | Hot Stocks19:50 EDT Biodexa Pharmaceuticals PLC-ADR trading halted, news pending
|
STRM | Hot Stocks19:50 EDT Streamline Health trading halted, news pending
|
ZUO | Hot Stocks19:13 EDT Zuora CEO Tzuo sells 63,873 class A shares - In a regulatory filing, Zuora chairman and CEO Tien Tzuo disclosed the sale of 63,873 class A common shares of the company on October 3 at a price of $8.3436 per share.
|
LNW | Hot Stocks18:53 EDT Light & Wonder CEO releases statement on Dragon Train litigation - Light & Wonder released a video statement from President and CEO Matt Wilson on the recent developments on the litigation regarding Dragon Train. Highlights from the statement include: the company is ensuring that its customers "are taken care of" as the company complies with the judge's order. The company maintains its 2025 consolidated EBITDA target of $1.4B. Regarding the North American market, the company has approximately 33K lease units installed, of which Dragon Train represented roughly 2.2K units. The company is working to convert those games and has not had removal requests at this date. In the Australian market, the company stopped selling Dragon Train and is offering customers a range of replacement games. The company intends to build Dragon Train 2.0 as soon as possible and expects the franchise to remain part of the company's offer. The company develops over 130 games each year and will present its new pipeline at the Global Gaming Expo, or G2E. The contract with the Dragon Train designer was terminated. The company continues its $1M share buyback program.
|
EXR | Hot Stocks18:37 EDT Extra Space Storage CEO sells $1.34M in common stock - In a regulatory filing, Extra Space Storage disclosed that its CEO Joseph Margolis sold 7.5K shares of common stock on October 1st in a total transaction size of $1.34M.
|
LGIH | Hot Stocks18:02 EDT LGI Homes reports September home closings up 7.2% y-o-y - LGI Homes closed 579 homes in September 2024, a 7.2% year-over-year increase, resulting in a total of 1,757 homes closed during Q3. As of September 30, the company had 138 active selling communities.
|
ILMN | Hot Stocks17:51 EDT Illumina general counsel Charles Dadswell to step down - Illumina announced that after 11 years of service, Charles "Chuck" Dadswell will step down as General Counsel and Secretary on October 3. Dadswell has agreed to remain an Illumina employee, serving as an advisor to CEO Jacob Thaysen and the Board of Directors, through March 31, 2025. Scott Davies has been named acting General Counsel and Secretary while the company conducts a search for Dadswell's permanent successor. "Throughout his tenure, Chuck has been a valuable advisor to Illumina's leadership team and its Board of Directors. He is a respected industry leader whose expertise and advice helped Illumina reach the industry leadership role it holds today," said Jacob Thaysen, Chief Executive Officer of Illumina. "I want to personally thank Chuck for his advice and assistance as I was joining Illumina. I speak for everyone at Illumina when I say how appreciative we are for his many contributions to our organization."
|
LHX | Hot Stocks17:47 EDT L3Harris exec Nibergall sells 2,988 common shares - In a regulatory filing, L3Harris executive Ross Niebergall disclosed the sale of 2,988 common shares of the company on October 2 at a price of $244.68 per share.
|
BMY | Hot Stocks17:37 EDT Bristol Myers announces FDA approval of Opdivo for treatment of NSCLC - Bristol Myers announced that the FDA approved Opdivo for the treatment of adult patients with resectable non-small cell lung cancer, or NSCLC, and no known epidermal growth factor receptor mutations or anaplastic lymphoma kinase rearrangements, for neoadjuvant treatment, in combination with platinum-doublet chemotherapy, followed by single-agent Opdivo as adjuvant treatment after surgery - otherwise referred to as perioperative therapy, which is used before and after surgery. The approval is based on results from the CheckMate-77T trial, the company's second positive Phase 3 randomized trial with an immunotherapy-based combination for the treatment of resectable NSCLC.
|
VLRS | Hot Stocks17:35 EDT Volaris reports September load factor 85% - Volaris reported its September preliminary traffic results. In September 2024, Volaris' ASM capacity decreased by 12.8% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Volaris transported 2.3M passengers during the month at a load factor of 85%, a 1.2 pp increase compared to last year. RPMs for the month decreased by 11.5%, with Mexican domestic RPMs down by 18.5%, while international RPMs increased 2.1%.
|
PTEN | Hot Stocks17:33 EDT Patterson-UTI reports September drilling activity - Patterson-UTI reported that for the month of September 2024, the Company had an average of 107 drilling rigs operating in the United States. For the three months ended September 30, 2024, the Company had an average of 107 drilling rigs operating in the United States.
|
GD | Hot Stocks17:14 EDT General Dynamics awarded $243.8M Navy contract order - General Dynamics was awarded a not-to-exceed $243.8M cost-plus-fixed-fee undefinitized order against a previously issued basic ordering agreement to provide unique parts and specialized material, including initial spares, for Virginia-class submarines. Work is expected to be completed by September 2028. This order was not competitively procured in accordance with 10 U.S. Code 3204(a)(1), only one responsible source and no other supplies or services will satisfy agency requirements. Naval Sea Systems Command is the contracting activity.
|
XOM | Hot Stocks17:12 EDT Exxon Mobil estimates effects of market factors impacting Q3 results - The company sees change in Liquids (oil) prices negatively impact Q3 earnings by $0.6B to $1.0B and change in gas prices impact Q3 earnings by negative $0.2B to positive $0.2B. In a regulatory filing, Exxon Mobil stated: "To give perspective regarding market and planned factors affecting 3Q 2024 results, we are providing the following summary of items management believes will impact 3Q 2024 results relative to 2Q 2024 results. These factors are generally limited to significant planned activities, market dynamics, and seasonal demand patterns. This is only intended to provide information regarding current estimates of these factors. It is not comprehensive of all changes between 2Q 2024 and 3Q 2024 results and is not an estimate of 3Q 2024 earnings for the Corporation." Reference Link
|
COST GLD | Hot Stocks17:11 EDT Costco broadens its precious metals offerings with 1 oz platinum bar - Costco has broadened its offering of precious metals after introducing gold bars in October 2023...Costco descibed its platinum offering on its web site: Bar Highlights:1 oz 999.5 Pure Platinum bar with a proof-like finish; Swiss-made by a LBMA Good Delivery Refiner and Each bar is individually controlled, registered, and secured within protective CertiPAMP packaging with an official Assay Certificate. Reference Link
|
AMKR TSM | Hot Stocks17:03 EDT Amkor Technology, TSMC to collaborate on advanced packaging in Arizona - Amkor Technology (AMKR) and TSMC (TSM) announced that the two companies have signed a memorandum of understanding to collaborate and bring advanced packaging and test capabilities to Arizona, further expanding the region's semiconductor ecosystem. Amkor and TSMC have been closely collaborating to deliver technologies for advanced packaging and testing of semiconductors to support critical markets such as high-performance computing and communications. Under the agreement, TSMC will contract turnkey advanced packaging and test services from Amkor in their planned facility in Peoria, Arizona. TSMC will leverage these services to support its customers, particularly those using TSMC's advanced wafer fabrication facilities in Phoenix. The close collaboration and proximity of TSMC's front-end fab and Amkor's back-end facility will accelerate overall product cycle times. The companies will jointly define the specific packaging technologies, such as TSMC's Integrated Fan-Out and Chip on Wafer on Substrate that will be employed to address common customers' needs.
|
NEU | Hot Stocks17:02 EDT NewMarket announces retirement of CFO William Skrobacz - NewMarket "announced that William J. Skrobacz is stepping down from his role as Vice President and Chief Financial Officer of the Company effective December 31, 2024, as he intends to retire from the Company in 2025. Since joining the Company over 13 years ago, Mr. Skrobacz has served in a variety of finance and accounting roles of increasing responsibility, culminating in his appointment as Vice President and Chief Financial Officer in January 2023. Prior to becoming Vice President and Chief Financial Officer, Mr. Skrobacz's roles included: Senior Manager, Business Assurance, Controller Designate and Principal Accounting Officer and Controller."
|
PANW | Hot Stocks17:00 EDT Palo Alto Networks CTO sells $12.0M in common stock - In a regulatory filing, Palo Alto Networks disclosed that its CTO Nir Zuk sold 36K shares of common stock on October 1st in a total transaction size of $12.0M.
|
NEM | Hot Stocks16:52 EDT Newmont CEO Palmer sells 20,000 common shares - In a regulatory filing, Newmont president and CEO Thomas Ronald Palmer disclosed the sale of 20,000 common shares of the company on October 1 at a price of $53.81 per share.
|
RARE | Hot Stocks16:35 EDT Ultragenyx provides update on Cyprus2+ study, to submit protocol amendment - Ultragenyx reported that the Phase 1/2/3 Cyprus2+ study of its UX701 gene therapy has demonstrated meaningful clinical activity as well as improvements in copper metabolism in Stage 1. Multiple responders have completely tapered off of standard-of-care treatment with responses seen in all three dose cohorts. The company plans to enroll an additional cohort in Stage 1 at a moderately increased dose and with an optimized immunomodulation regimen to enhance the efficiency and efficacy of the gene therapy, with the objective of having the majority of patients come off of standard-of-care treatment before selecting a dose for the randomized placebo-controlled stage of the study. In Stage 1, 15 patients were enrolled into three sequential dosing cohorts and followed for at least 24 weeks. Six of the patients have completely tapered off of standard-of-care treatment with chelators and/or zinc therapy, and a seventh patient has begun to taper as of the data cut-off date in August. In patients who have tapered off standard-of-care, non-ceruloplasmin bound copper has stabilized to normal, healthy levels. In some patients, there were increases in ceruloplasmin-copper activity consistent with improved ATP7b function. From a safety perspective, UX701 has been well tolerated, with no unexpected, related treatment emergent adverse events and no significant immunologic safety events as of the data cut-off. The company will be submitting a protocol amendment for the additional cohort at a moderately increased dose and with an optimized immunomodulation regimen to optimize delivery efficiency and efficacy for the AAV vector.
|
IMKTA | Hot Stocks16:34 EDT Ingles Markets Incorporated says Hurricane Helen impacts stores, distribution - Ingles Markets, Incorporated announced that Hurricane Helene has impacted both stores and distribution center operations. "Our hearts are heavy for those in our communities who lost lives, loved ones, homes and access to basic necessities," the company said. "Hurricane Helene brought with it unprecedented flooding and property damage, together with continuing power and water outages, which have impacted our footprint of operations. Currently, of our 198 stores, 186 stores are open for business, but a lack of internet access and other connectivity has limited transactions in many locations. Of the locations that remain closed, we expect all will reopen upon restoration of power to their respective areas, but we do not have a timeline for power restoration."
|
AMN JACK | Hot Stocks16:33 EDT AMN Healthcare appoints Brian Scott CFO, COO - AMN Healthcare (AMN) announced that Brian Scott has been appointed CFO and COO, effective November 21. In this role, Scott will be responsible for AMN's finance and enterprise operating functions as the company continues to evolve its model to be more automated and scaled. Scott is returning to AMN, where he previously held a variety of roles of increasing responsibility in finance, strategy and accounting over his 17-year tenure, including serving as CFO and chief accounting officer from 2011 to 2021. Most recently, Scott served as CFO of Jack in the Box (JACK).
|
AMZN | Hot Stocks16:32 EDT Amazon.com exec sells $646.8K in common stock - In a regulatory filing, Amazon.com discloses that its CEO of Worldwide Amazon Stores, Douglas Herrington, sold 3.5K shares of common stock on Octoberr 1st in a total transaction size of $646.8K.
|
PFSI PMT | Hot Stocks16:31 EDT PennyMac Financial CCMO Chang to step down - PennyMac Financial Services (PFSI) and PennyMac Mortgage Investment Trust (PMT) announced that William Chang is stepping down from his positions as Senior Managing Director and Chief Capital Markets Officer for PFSI and Senior Managing Director and Chief Investment Officer for PMT, in order to pursue other interests in the mortgage banking industry. In April of last year Pennymac hired industry veteran Mark Elbaum to leverage the platform it built to drive additional value for the company through strategic initiatives. Mr. Elbaum has held leadership roles at previous companies including Homepoint Financial, Bank of America and Countrywide that have included oversight of capital markets, pricing products and hedging. He has significant mortgage banking experience and has been in active collaboration with the production, pricing and capital markets teams in his tenure at Pennymac. Mr. Elbaum will assume the responsibilities of Chief Capital Markets Officer for PFSI and Chief Investment Officer for PMT upon Mr. Chang's departure. "At Pennymac, we have a deep bench consisting of talented leaders who I believe are among the best in the industry," said Chairman and CEO David Spector. "To ensure a smooth transition, I have asked Mark to step into the roles on an interim basis, with the utmost confidence in his ability to lead our capital markets group."
|
UAVS | Hot Stocks16:28 EDT Ageagle Aerial Systems announces one-for-fifty reverse stock split - AgEagle Aerial Systems announced a reverse stock split of its authorized, issued and outstanding common stock, par value $0.001 per share, at a ratio of one share of common stock for every 50 shares of common stock, effective as of 5:00 p.m. on October 14. The company's common stock will begin trading on a split-adjusted basis when the market opens on October 15. The reverse stock split was authorized by the company's board of directors on October 3. Pursuant to the laws of the State of Nevada, the company's state of incorporation, the company's board of directors has the authority to effect a reverse stock split without shareholder approval if the number of authorized shares of common stock and the number of outstanding shares of common stock are proportionally reduced. The company will file a certificate of change to its articles of incorporation, as amended, with the Secretary of State of Nevada to effect the reverse stock split. The company's common stock will continue to trade on the NYSE American under the stock ticker (UAVS) but will trade under the new CUSIP number 00848K 309. As a result of the reverse split, each fifty pre-split shares of common stock outstanding will automatically combine into one new share of common stock without any action on the part of the holders, and the number of outstanding common shares will be reduced from 39,720,458 shares to approximately 850,409 shares without taking into account fractional shares.
|
PG | Hot Stocks16:28 EDT Procter & Gamble exec Davis sells 4,447 common shares - In a regulatory filing, Procter & Gamble Health Care CEO Jennifer Davis disclosed the sale of 4,447 common shares of the company on October 2 at a price of $171.6541 per share.
|
UMH | Hot Stocks16:27 EDT UMH Properties raises $108M from ATM used in part to pay down line of credit - During the third quarter, UMH sold 100 homes of which 32 were new home sales. Gross home sales revenue for the third quarter was $8.7M as compared to $7.9 M last year, representing an increase of approximately 10%..Samuel A. Landy, President and CEO of UMH Properties, Inc., stated "UMH's operating results continue to meet our expectations. Our communities are experiencing strong demand for sales and rental homes as demonstrated by our increased occupancy rates and our 10% increase in sales of manufactured homes. We currently have 284 homes on site that are ready for occupancy or being set up and another 240 homes expected to be delivered soon. This inventory will allow us to continue our organic growth through our sales and rental programs. With the unfortunate widespread loss of homes resulting from Hurricane Helene, we expect the demand for low cost, affordable housing to only increase. "We opportunistically raised approximately $108 million through our common ATM at share prices close to our 52-week high. This capital was used in part to pay down our line of credit, which should result in a reduction of interest expense. Additionally, we are actively deploying this capital into our rental home program, the financing of home sales, expansions and capital improvements which should generate accretive returns. "We have positioned the company with a strong balance sheet so that we can continue to invest in our communities and be prepared to acquire new communities when accretive investment opportunities become available."
|
SNDA | Hot Stocks16:18 EDT Sonida Senior Living to acquire two senior living communities in GA for $29M - On October 1, 2024, the Company signed a purchase and sale agreement to acquire two senior living communities in the Atlanta, GA market for $29.0M. Sonida intends to fund the transaction with cash on its balance sheet and proceeds from its senior secured revolving credit facility. The assets have an average age of five years and will add 178 units to Sonida's portfolio. Consistent with the Company's focus on regional densification, the acquisition brings Sonida's Atlanta portfolio total to three assets and further grows its exposure to highly attractive Southeast markets. The portfolio's in-place occupancy and average RevPOR are 86% and more than $5,700, respectively. Sonida's purchase price is approximately $173,000 per unit, which reflects a significant discount to the Company's estimate of replacement cost and expands Sonida's accretive acquisitions year-to-date as the Company capitalizes on historically favorable senior housing trends. On October 3, 2024, the Company closed on an additional $75 million commitment under the senior secured revolving credit facility (the "Credit Facility") it entered with BMO Bank N.A. on July 24, 2024. The incremental $75 million availability, which was provided by the Royal Bank of Canada, results in a total aggregate commitment under the Credit Facility of up to $150 million.
|
SMMT | Hot Stocks16:17 EDT Summit Therapeutics completes enrollment in Phase III HARMONi trial - Summit Therapeutics announced that the company has completed enrollment in our HARMONi clinical trial, a multi-regional Phase III study sponsored by Summit evaluating ivonescimab plus platinum-doublet chemotherapy vs. placebo plus platinum-doublet chemotherapy with epidermal growth factor receptor-mutated, locally advanced or metastatic non-squamous non-small cell lung cancer who have progressed after treatment with a 3rd generation EGFR tyrosine kinase inhibitor. HARMONi completed enrolling patients from sites in North America, Europe, and China. This is a clinical setting with a patient population where PD-1 monoclonal antibodies have previously been unsuccessful in Phase III global clinical trials. "I would like to sincerely thank the investigators, site coordinators, Team Summit, and, most importantly, the patients around the world who are participating in the HARMONi study," said Dr. Maky Zanganeh, Chief Executive Officer and President of Summit. "Completing enrollment in the first global study for ivonescimab is a credit to the growing belief in the potential for ivonescimab to make a significant difference in the lives of patients around the world." In addition, the U.S. Food and Drug Administration has granted Fast Track designation for the proposed use of ivonescimab in combination with platinum-based chemotherapy for the treatment of adult patients with locally advanced or metastatic NSCLC with EGFR mutation, who have experienced disease progression following EGFR-TKI therapy.
|
VGAS | Hot Stocks16:16 EDT Verde Clean Fuels names George Burdette as new CFO - Verde Clean Fuels announces the appointment of George Burdette as Chief Financial Officer. Mr. Burdette will be responsible for all aspects of finance for the Company. Prior to joining the Company, Mr. Burdette served as CFO of Arbor Renewable Gas, a private equity owned renewable fuels platform. Prior to Arbor, Mr. Burdette served as CFO of Itafos, a publicly traded, global phosphate fertilizer producer.
|
HZO | Hot Stocks16:16 EDT MarineMax sees FY24 adjusted EBITDA at or near low end of guidance - MarineMax provided a preliminary update on Hurricane Helene. "Our foremost concern is for the safety and well-being of our team members, their families and the residents of the communities throughout the regions affected by this devastating storm," said Brett McGill, Chief Executive Officer and President of MarineMax. "Florida and the Southeast are two of MarineMax's largest markets. Damage and disruption to certain of our locations on the west coast of Florida has been significant, while the damage to other locations in the Southeast has been limited. We are working to fully assess the impact of the storm on our operations and ensure that affected locations are up and running as quickly as possible." The Company is working diligently to quantify the effects of Hurricane Helene on its financial results and operations, including the loss of physical assets and impact to revenue which was adversely affected by the closure of boat and yacht insurance markets as the storm approached. Based on the information the Company has as of today, it expects to be at or near the low end of its Adjusted EBITDA guidance range for the fiscal year ended September 30, 2024, while revenue is expected to be modestly lower than anticipated due to the impact from the storm. MarineMax plans to provide a further update on its fiscal 2024 fourth-quarter and full-year earnings call.
|
TRVI | Hot Stocks16:12 EDT Trevi Therapeutics provides update on Haduvio's clinical development program - Trevi Therapeutics provided updates on its clinical development programs for investigational therapy Haduvio - oral nalbuphine ER - for the treatment of chronic cough in idiopathic pulmonary fibrosis - IPF - and refractory chronic cough - RCC. The Phase 2b CORAL trial for the treatment of chronic cough in patients with IPF has enrolled 50% of the targeted study enrollment, which is the number of patients needed for the pre-specified sample size re-estimation. The outcome of the SSRE result is expected in December. Assuming no adjustments are made to the sample size, topline results are expected in the first half of 2025. The Human Abuse Potential completed dosing. Topline results are expected in December. The Phase 2a RIVER trial for the treatment of RCC has enrolled the planned sample size but remains open to allow for additional enrollment in both arms to approximate the stratification targets. Topline results are now expected in Q1 2025.
|
IRIX | Hot Stocks16:11 EDT Iridex CEO David Bruce to transition out of company, Patrick Mercer to succeed - Iridex announced the appointment of Patrick Mercer as the company's CEO and president effective October 1. Previously, Mercer served as the company's chief operating officer and president. David Bruce, the company's prior CEO, is transitioning from the company. Coincident to Mercer's appointment, Scott Shuda was appointed executive chairman of the company's board of directors. Shuda had previously served as chairman.
|
MMLP | Hot Stocks16:11 EDT Martin Midstream Partners to be acquired by Martin Resource Management - Martin Midstream Partners announced that it has entered into a definitive agreement and plan of merger pursuant to which Martin Resource Management Corporation would acquire all of the outstanding common units of MMLP not already owned by MRMC and its subsidiaries. The Merger Agreement follows the offer made by MRMC in May 2024 to acquire the Public Common Units. The Merger Agreement provides for an all-cash transaction whereby each holder of the Public Common Units would receive $4.02 per common unit owned, representing a 34.00% premium to the market closing price prior to MRMC's initial proposal made on May 24, 2024 and an 11.33% premium to the trailing 30-trading day volume-weighted average price. The transaction is expected to close by the end of 2024, subject to customary closing conditions, including regulatory approval and the approval by the holders of a majority of the outstanding common units.
|
WULF TLN | Hot Stocks16:07 EDT TeraWulf completes $92M sale of 25% equity interest in Nautilus to Talen Energy - TeraWulf (WULF) announced it has completed the sale of its 25% equity interest in the Nautilus Cryptomine joint venture to its partner, a subsidiary of Talen Energy (TLN), in a transaction valued at approximately $92M that will help fuel expansion of HPC/AI and bitcoin mining at the company's wholly-owned Lake Mariner facility and position TeraWulf for substantial value creation. This transaction allows TeraWulf to achieve a 3.4x return on its investment in Nautilus. The $92M consideration consists of $85M in cash and approximately 30,000 Talen-contributed miners and related equipment valued at around $7M. TeraWulf intends to reinvest this capital into the construction of the 20 MW CB-1 facility at Lake Mariner, which is designed for hosting HPC/AI data centers. In addition to the CB-1 facility, TeraWulf aims to complete the construction of the mining building 5, "MB-5", and maintains its operational target of over 13 EH/s by Q1 2025. The Company also plans to enhance the efficiency of its mining fleet to achieve 18.2 J/TH. This transaction underscores TeraWulf's dedication to operational efficiency, cost management, and long-term shareholder value, while also demonstrating proactive risk management. By monetizing its interest ahead of the expiration of the $0.02/kWh power contract and ground lease in June 2027, TeraWulf strategically positions itself to redeploy resources to its Lake Mariner facility in New York. Furthermore, the sale of TeraWulf's minority interest in Nautilus will streamline its consolidated financial statements, enhancing transparency and comparability for shareholders. TeraWulf recently completed a 2 MW AI/HPC proof-of-concept project, designed to support both current and next-generation GPU technology. Additionally, the company is constructing a 20 MW colocation building, CB-1, at Lake Mariner, engineered to handle a critical IT load of 16 MW with advanced liquid cooling and Tier 3 redundancy features. Re-investing the proceeds from this transaction keeps CB-1 on track to be operational in Q1 2025. The next building, CB-2, has a planned gross capacity of 50 MW and is targeted for completion in Q2 2025.
|
TRI | Hot Stocks16:07 EDT Thomson Reuters to sell FindLaw business to Internet Brands - Thomson Reuters has entered into a definitive agreement to sell its FindLaw business to Internet Brands. Internet Brands is a fully integrated online media and software services company that is operates digital platforms in high-value vertical categories, including Health and Legal. This transaction will allow both Thomson Reuters and Internet Brands to concentrate on their strategic priorities. The transaction is expected to close Q4, pending regulatory approvals.
|
ABVX | Hot Stocks16:07 EDT Abivax data support potential of obefazimod as UC treatment option - Abivax announced the results of an interim efficacy and safety analysis of an open-label maintenance OLM study that enrolled patients with UC at the conclusion of the Phase 2a and Phase 2b OLM studies, where they had received obefazimod 50mg once daily. The data demonstrated maintenance of clinical remission and a safety profile consistent with prior studies of oral, once-daily obefazimod when administered at a reduced dose of 25mg for up to an additional two years."These important data further support the potential of obefazimod as a promising therapeutic option for patients with UC," said Marla Dubinsky, MD, Co-Director, Susan and Leonard Feinstein IBD Clinical Center at Icahn School of Medicine at Mount Sinai New York. "The results observed at a lower dose are particularly encouraging, as clinicians often like to have the option to de-escalate dosing once patients achieve remission"..."These important data further support the potential of obefazimod as a promising therapeutic option for patients with UC," said Marla Dubinsky, MD, Co-Director, Susan and Leonard Feinstein IBD Clinical Center at Icahn School of Medicine at Mount Sinai New York. "The results observed at a lower dose are particularly encouraging, as clinicians often like to have the option to de-escalate dosing once patients achieve remission".
|
JACK | Hot Stocks16:04 EDT Jack in the Box CFO Brian Scott leaves company - Jack in the Box announced the resignation of EVP and Chief Financial Officer Brian Scott, who has accepted a new position outside of the restaurant industry. To assist with a smooth transition, his last day with Jack in the Box will be November 20th. Dawn Hooper, a Jack in the Box veteran of 24 years who has previously served as interim chief financial officer, will assume the role of principal financial officer on November 1st and interim CFO upon Scott's departure. She is expected to remain in the role until a permanent successor is appointed. "I'd like to thank Brian for his contributions to Jack in the Box, and for being a valuable part of our team during his time with the company," said Darin Harris, chief executive officer. "I am committed to finding an excellent financial leader to be a part of the transformation we have been pursuing, and the ambition we have for our two brands."
|
SND | Hot Stocks16:03 EDT Smart Sand declares special 10c per share dividend, authorizes share repurchase - Smart Sand has declared a special cash dividend on the company's common stock of 10c per share, payable on October 28 to stockholders of record as of the close of business on October 15. The company's board also approved a share repurchase program authorizing the company to repurchase up to $10.0M of the company's outstanding shares of common stock through April 3, 2026. The company is not obligated to repurchase any specific number of shares and the program may be modified, suspended, or discontinued at any time.
|
SEI | Hot Stocks16:03 EDT Solaris Energy Infrastructure COO Price to retire - Solaris Energy Infrastructure announced that Kelly Price, Chief Operating Officer, will be retiring from the company, effective December 31, 2024. Price has served as Solaris' COO since early 2017 and will continue to support the company during the transition period to ensure a smooth handover of responsibilities. Upon retirement, Price will serve as an advisor to the company throughout 2025. "On behalf of our Board of Directors and the Company, I want to express my deepest appreciation for Kelly and his contributions to Solaris. Kelly has been an integral part of the Solaris executive team since joining us in 2017 prior to our Initial Public Offering. Kelly's leadership in driving operational efficiency and delivering strategic organic initiatives has contributed to the overall growth and success of the Company. I wish Kelly all the best in his well-deserved retirement," Bill Zartler, Chairman and Chief Executive Officer of Solaris commented. In connection with Price's retirement, the company will commence a search for a successor to the COO role and expects to consider both internal and external candidates.
|
AKYA | Hot Stocks16:02 EDT Akoya Biosciences chairman Robert Shepler to leave role, Scott Mendel to succeed - Akoya Biosciences announced Scott Mendel has been appointed as chairman of its board, effective October 2. Mendel succeeds Robert Shepler, founding chairman, who will remain on Akoya's board. Mendel has served as a member of Akoya's board of directors since June 2021 and has over 30 years of financial and operational management experience.
|
IONQ | Hot Stocks16:01 EDT IonQ demonstrates remote ion-ion entanglement - The company states: "IonQ announced it has achieved the next milestone on the path towards scaling its quantum systems - demonstrating remote ion-ion entanglement. Building off the ion-photon entanglement achievement announced in February, this demonstration announced in September showcases the second out of four significant milestones required to develop photonic interconnects - a foundational step towards quantum networking and a core component of IonQ's scaling strategy. IonQ's world-class R&D team entangled two trapped ion qubits from separate trap wells using entangled photons to achieve these results. The IonQ team achieved remote entanglement by developing a system to collect photons from two trap wells and routing them to a single detection hub. This critical "point-to-point" step established a quantum communication link - an essential piece in scaling quantum systems. While IonQ has always intended to implement photonic interconnects in its systems, never before has any company demonstrated the ability to bring this technology to an integration stage within a commercially available, enterprise-grade quantum computer."
|
DE | Hot Stocks15:53 EDT Elizabeth Warren says Deere 'appears to be evading its responsibilities' - In a letter addressed to John May, Chairman of the Board and Chief Executive Officer of Deere & Company, Senator Elizabeth Warren stated in part: "I am writing because Deere & Company, doing business as John Deere, appears to be evading its responsibilities under the Clean Air Act to grant customers the right to repair their own agricultural equipment... John Deere has repeatedly interfered with farmers' ability to repair the equipment they own, including by blocking independent repairs to maximize profit, negotiating an MOU in bad faith, and failing to inform farmers of their rights in potential violation of the Clean Air Act." Reference Link
|
MSFT... | Hot Stocks15:31 EDT OpenAI introduces new way of working with ChatGPT, Canvas - Earlier on Thursday, OpenAI introduced a new way of working with ChatGPT... The company blogged in part: "We're introducing canvas, a new interface for working with ChatGPT on writing and coding projects that go beyond simple chat. Canvas opens in a separate window, allowing you and ChatGPT to collaborate on a project. This early beta introduces a new way of working together-not just through conversation, but by creating and refining ideas side by side....People use ChatGPT every day for help with writing and code. Although the chat interface is easy to use and works well for many tasks, it's limited when you want to work on projects that require editing and revisions. Canvas offers a new interface for this kind of work. With canvas, ChatGPT can better understand the context of what you're trying to accomplish. You can highlight specific sections to indicate exactly what you want ChatGPT to focus on. Canvas opens automatically when ChatGPT detects a scenario in which it could be helpful. You can also include "use canvas" in your prompt to open canvas and use it to work on an existing project...Investors in OpenAI include Microsoft (MSFT), Thrive Capital, Khosla Ventures, Fidelity Management, Nvidia (NVDA), and SoftBank (SFTBY). Reference Link
|
GOOG GOOGL | Hot Stocks15:15 EDT Google debuts new AI-organized search results, search what you see and hear - Liz Reid VP, Head of Google Search blogged in part earlier on Thursday: "Over the years we've continually reimagined Google Search, so you can ask your question in any way you want, whether you type a query, search with your camera or simply hum a tune. The advanced capabilities of AI have been integral to expanding what Search can do, and our Gemini model customized for Search has improved our ability to help people discover more of the web - and the world around them. In fact, people who use AI Overviews use Search more and are more satisfied with their results. And Google Lens is now used for nearly 20 billion visual searches every month, helping people search what they see with their camera or on their screen. Today, we're taking another big leap forward with some of our most significant Search updates to date, using AI to dramatically expand how Google can help you, from finding just the right information you need to exploring any curiosity that comes to mind. New ways to search what you see (and hear). Since pioneering visual search years ago with Lens, we've continued to evolve the experience using our latest advancements in AI..." Reference Link
|
ABT | Hot Stocks15:11 EDT WHO approves Abbott Molecular mpox diagnostic test for emergency use - The World Health Organization, or WHO, has listed the first mpox in vitro diagnostic under its Emergency Use Listing, or EUL, procedure, calling it "an important step in improving global access to mpox testing." WHO stated: "The approval for emergency use of the Alinity m MPXV assay, manufactured by Abbott Molecular Inc., will be pivotal in expanding diagnostic capacity in countries facing mpox outbreaks, where the need for quick and accurate testing has risen sharply. Early diagnosis of mpox enables timely treatment and care, and control of the virus." Reference Link
|
GOOG GOOGL | Hot Stocks15:05 EDT YouTube Shorts can now be up to 3 minutes long - Todd Sherman, Director of Product Management, YouTube Shorts blogged earlier on Thursday: "Get ready, Shorts creators and fans! Today we're announcing updates to YouTube Shorts, making it easier and more fun than ever to create and connect. Whether you're looking to discover something new or dive into creating, these tools will empower you to express yourself, get inspired, engage more deeply and keep up with the latest trends. Starting on October 15, you can upload Shorts up to 3 minutes long. Longer Shorts, more of you. Starting on October 15, you can upload Shorts up to 3 minutes long. This was a top requested feature by creators, so we're excited to give you more flexibility to tell your story. This change applies to videos that are square or taller in aspect ratio, and won't affect any videos you uploaded before October 15. And we'll be working to improve recommendations for longer Shorts in the coming months. Recent updates to the player streamline its look, allowing creators' content to take center stage and viewers to focus on the content they love." Reference Link
|
C | Hot Stocks14:53 EDT Senator Warren urges regulator 'to apply four-step framework to Citi' - In a letter to the Office of the Comptroller of the Currency, Senator Elizabeth Warren said, "In August 2020, Citibank mistakenly wired $900M to Revlon, one of its borrowers, resulting in one of the 'biggest blunders in banking history.' According to press reports, Citi's poorly designed payment software 'almost encouraged bank personnel to make huge mistakes' and contributed to the faulty transfer. You were responsible for supervising Citi in the fallout from that disaster, to ensure that it quickly remedied those failures, but you admitted in July 2024-over four years later-that Citi 'failed to make sufficient and sustainable progress towards achieving compliance with the 2020 Consent Order.' Despite your admission of Citi's noncompliance... you refuse to take meaningful action to rein in this unruly bank. Last year, in a speech on large banks' 'too-big-to manage problem,' you described a 'four step escalation framework' that the OCC would follow in cases where massive banks had 'control failures, risk management breakdowns, and negative surprises [that] occur too frequently.' You described the four steps: private warnings; public enforcement and fines; growth restrictions; and the breaking up of recidivist banks, and you vowed that the OCC would follow this framework. It is time to do so. I urge you to apply your four-step framework to Citi, which has proven itself to be too-big-to-manage by repeatedly failing to protect its customers and meet bank regulators' standards." Reference Link
|
RPM | Hot Stocks14:32 EDT RPM increases cash dividend 10.9% to 51c per share - RPM International announced at its annual meeting of stockholders that its board of directors declared a regular quarterly cash dividend of 51c per share, payable on October 31, to stockholders of record as of October 18. "This payment represents a 10.9% increase over the $0.46 quarterly cash dividend paid at this time last year and is the 51st consecutive year the company has increased its cash dividend," the company stated. "Over the past year, our associates built upon our legacy of generating growth throughout economic cycles, which is allowing us to increase our dividend for the 51st consecutive year. They achieved this through the successful implementation of MAP 2025 operational improvement initiatives, focusing on repair and maintenance demand, and nimbly capturing new growth opportunities, which allowed us to generate record profitability and cash flow," added Frank Sullivan, RPM Chair and CEO.
|
TPC | Hot Stocks12:06 EDT Fisk Electric awarded first phase of $147M electrical contract for Harris Health - Tutor Perini's Fisk Electric Company has been awarded the first phase of a guaranteed maximum price contract currently valued at approximately $147M by McCarthy Building Companies for electrical services for the new Harris Health hospital on the Lyndon B. Johnson Hospital campus in Houston, Texas. The project owner is Harris Health. Fisk Electric's scope of work includes the core and shell and tenant finish-out electrical and fire alarm components for the ground-up construction of the new hospital tower and podium. Work is expected to begin in the fourth quarter of 2024 with substantial completion of the entire electrical contract anticipated in the fourth quarter of 2028. The new 12-story hospital is expected to open in late 2028. The new hospital will include approximately 1.3 million square feet and will feature 390 private rooms, with the space to add 60 more when additional capacity is needed. With a rooftop helipad, 15 dedicated operating rooms and a cutting-edge hybrid operating room, the hospital is designed to cater to a wide range of medical needs from routine procedures to the most complex emergency surgeries. The initial $29M portion of the overall contract value was added to the Company's backlog in the third quarter of 2024 with the remaining portions to be added to backlog as subsequent phases are awarded.
|
HIMS | Hot Stocks12:00 EDT Hims & Hers falls -10.1% - Hims & Hers is down -10.1%, or -$1.91 to $17.04.
|
DAO | Hot Stocks12:00 EDT Youdao falls -15.5% - Youdao is down -15.5%, or -92c to $5.03.
|
NGVT | Hot Stocks12:00 EDT Ingevity falls -16.3% - Ingevity is down -16.3%, or -$6.09 to $31.37.
|
FFWM | Hot Stocks12:00 EDT First Foundation rises 6.8% - First Foundation is up 6.8%, or 40c to $6.35.
|
TISI | Hot Stocks12:00 EDT Team rises 8.0% - Team is up 8.0%, or $1.40 to $18.98.
|
HKD | Hot Stocks12:00 EDT AMTD Digital rises 19.7% - AMTD Digital is up 19.7%, or 77c to $4.68.
|
TPC | Hot Stocks11:50 EDT Tutor Perini's Fisk Electric awarded first phase of $147M electrical contract - Tutor Perini Corporation announced that its subsidiary, Fisk Electric Company, has been awarded the first phase, valued at approximately $29M, of a guaranteed maximum price contract currently valued at approximately $147M by McCarthy Building Companies, Inc. for electrical services for the new Harris Health hospital on the Lyndon B. Johnson Hospital campus in Houston, Texas. The project owner is Harris Health. Fisk Electric's scope of work includes the core and shell and tenant finish-out electrical and fire alarm components for the ground-up construction of the new hospital tower and podium. Work is expected to begin in the fourth quarter of 2024 with substantial completion of the entire electrical contract anticipated in the fourth quarter of 2028. The initial $29M portion of the overall contract value was added to the Company's backlog in the third quarter of 2024 with the remaining portions to be added to backlog as subsequent phases are awarded.
|
MCD | Hot Stocks11:37 EDT McDonald's launches Chicken Big Mac in U.S. restaurants - McDonald's announced the McDonald's Chicken Big Mac, a twist on the original Big Mac that has been a fan favorite since 1968, will debut in the U.S. After making appearances on McDonald's menus around the world, U.S. fans are now getting their chance to experience this limited time offer starting Oct. 10, at participating locations while supplies last.
|
HII | Hot Stocks11:35 EDT HII's Mission Technologies awarded task order for U.S. Air Force, DoD - HII announced that its Mission Technologies division was awarded a task order to conduct research that will enhance the development and evolution of navigation and autonomy technologies for the U.S. Air Force and broader U.S. Department of Defense.An HII team at Wright-Patterson Air Force Base in Dayton, Ohio, will develop and analyze research for the Air Force Institute of Technology Autonomy and Navigation Technology Center's three research thrust areas: autonomous and cooperative systems, non-GPS precision navigation, and global navigation satellite system navigation/navigation warfare. "This innovative work is vitally important to the future of defense and will have a significant impact on how we navigate in the future," said Grant Hagen, president of Mission Technologies' Cyber, Electronic Warfare and Space business group. HII was awarded the task order under the U.S. Department of Defense's Information Analysis Center Multiple Award Contract vehicle.
|
KFY | Hot Stocks11:29 EDT Korn Ferry expands Interim Talent operation into France - Korn Ferry announced that it is expanding its Interim Talent operation into France. As part of this expansion, the firm also announced that Laurent David has joined Korn Ferry to lead this solution in France. He is based in the firm's Paris office. David joins Korn Ferry from a European interim talent management firm where he led the digital & technology and sales & marketing practices.
|
HLX | Hot Stocks11:25 EDT Helix Energy up 7% after Bloomberg says company exploring possible sale
|
LLY... | Hot Stocks11:16 EDT Texas sues insulin manufacturers, PBMs over insulin prices - Texas Attorney General Ken Paxton announced a lawsuit against insulin manufacturers and pharmacy benefit managers, including Eli Lilly (LLY), Cigna's (CI) Express Scripts, CVS Pharmacy (CVS), Novo Nordisk (NVO), Sanofi (SNY) and UnitedHealth (UNH), "over a conspiracy to increase prices of insulin." In a statement, Paxton said, "Through this conspiracy, the manufacturers artificially and willingly raised the prices of insulin then paid a significant, undisclosed portion back to the PBMs as a quid pro quo for inclusion in the PBMs' standard offerings. The PBMs then granted preferred status to the manufacturer whose drug has the highest list price while excluding lower priced drugs. These synthetic insulin drugs, which today cost the manufacturers less than $2 to produce and were originally priced at $20 when released in the late 1990s, now range between $300 and $700. In the last decade alone, the manufacturers who are defendants in the lawsuit have increased the prices of their insulins up to 1,000%. Attorney General Paxton is suing because the insulin pricing scheme violates the Texas Deceptive Trade Practices Act, constitutes unjust enrichment, and represents an unlawful civil conspiracy." Reference Link
|
CCB | Hot Stocks11:12 EDT Coastal Community Bank to bifurcate president role - Coastal Financial Corporation and its subsidiary, Coastal Community Bank announced that its role of President of the Bank is to be bifurcated to accommodate the Bank's growth and plans for the future. The Bank announced the appointment of Brian Hamilton as President of CCBX, the FinTech and banking-as-a-service division of the Bank. Mr. Hamilton is a current member of the Company's Board of Directors. In connection with the reorganization of the role of the President, the Bank also announced that Curt Queyrouze, the President of the Company and the Bank, will serve as President of the community bank division and will be responsible for leading the community bank and corporate credit. Hamilton has held senior leadership roles at Capital One, serving as President of their Merchant Services division, Wells Fargo and Verifone, in addition to founding and operating multiple companies in the fintech space.
|
EONR | Hot Stocks11:09 EDT EON Resources completes infrastructure upgrades increasing daily oil production - EON Resources announced the completion of infrastructure improvements and upgrades increasing daily oil production to over 1,000 gross barrels of oil per day range from the inherited baseline of 925 BOPD. In addition to the oil production starting to increase, infrastructure improvements have increased water injection by 50% from previous levels. The impact of water injection is not immediate, but does improve oil production over the following several months. The completion of these projects will enhance production for the next three-to-five years. Along with the aforementioned improvements, the company instituted a chemical /acidizing treatment program on 24 wells which resulted in an increase of 80 BOPD; the cost of this project was only $5,500 per well, with a payback period of less than 2 months. Oil production stabilized during the summer, and the company is now seeing increased daily production without increased operating costs.
|
PCTY | Hot Stocks11:07 EDT Paylocity enters multi-year corporate sponsorship of NHL's Dallas Stars - Paylocity announced a new, multi-year corporate sponsorship with the National Hockey League's Dallas Stars. The new deal marks Paylocity's first official sponsorship with an NHL franchise. The Dallas Stars have been a long-standing Paylocity customer, relying on the company's modern and comprehensive suite of HR and payroll solutions since 2015.
|
MLSS | Hot Stocks11:06 EDT Milestone announces rollout of CompuFlo Epidural System at iHeal Pain Center - Milestone Scientific announced that iHeal Pain Center has adopted the CompuFlo Epidural System following epidural steroid injection procedures by Dr. Desai, DO. Dr. Desai has performed six cervical and two lumbar ESI procedures using the CompuFlo Epidural System, leading to its integration within the clinic. This milestone marks the launch of the next phase of Milestone Scientific's commercial activities, following the recent achievement of a granted Medicare Part B Physician payment rate with First Coast Service Options and Novitas Solutions, Inc. for the CompuFlo Epidural System under the American Medical Association's technology-specific Category III CPT code CPT0777T. The favorable Medicare Price Assignment was granted across multiple Jurisdictional Medicare Administrative Contractors regions, including key states such as Florida, Texas, Pennsylvania, New Jersey, Maryland, Colorado, Oklahoma, Louisiana, Arkansas, Mississippi, New Mexico, District of Columbia, and Delaware.
|
ALHC | Hot Stocks11:03 EDT Alignment Healthcare enters agreement with Intermountain Health - Alignment Health Plan is expanding access to high-quality health care and services for its members in Clark and Washoe counties through a new agreement with Intermountain Health. Effective Jan. 1, 2025, the agreement will provide Alignment's Nevada members access to more than 65 clinic locations in the Silver State, 35 of which are award-winning senior primary care clinics.
|
JPM... | Hot Stocks10:45 EDT OpenAI announces $4B credit facility, allowing access to over $10B in liquidity - OpenAI announced that in addition to securing $6.6B in new funding from investors, it has established a new $4B credit facility with JPMorgan Chase (JPM), Citi (C), Goldman Sachs (GS), Morgan Stanley (MS), Santander (SAN), Wells Fargo (WFC), SMBC (SMFG), UBS (UBS), and HSBC (HSBC). This is a revolving credit facility that is undrawn at closing. OpenAI said: "This means we now have access to over $10B in liquidity, which gives us the flexibility to invest in new initiatives and operate with full agility as we scale. It also reaffirms our partnership with an exceptional group of financial institutions, many of whom are also OpenAI customers." "This credit facility further strengthens our balance sheet and provides flexibility to seize future growth opportunities," said Sarah Friar, CFO of OpenAI. "We are proud to have the strongest banks and investors in the world supporting us."
|
JPM... | Hot Stocks10:39 EDT OpenAI announces $4B credit facility, allowing acces to over $10B in liquidity - OpenAI announced that in addition to securing $6.6B in new funding from investors, it has established a new $4B credit facility with JPMorgan Chase (JPM), Citi (C), Goldman Sachs (GS), Morgan Stanley (MS), Santander (SAN), Wells Fargo (WFC), SMBC (SMFG), UBS (UBS), and HSBC (HSBC). This is a revolving credit facility that is undrawn at closing. OpenAI said: "This means we now have access to over $10B in liquidity, which gives us the flexibility to invest in new initiatives and operate with full agility as we scale. It also reaffirms our partnership with an exceptional group of financial institutions, many of whom are also OpenAI customers." "This credit facility further strengthens our balance sheet and provides flexibility to seize future growth opportunities," said Sarah Friar, CFO of OpenAI. "We are proud to have the strongest banks and investors in the world supporting us."
|
MPLN JNJ | Hot Stocks10:31 EDT MultiPlan names Curren Katz as chief data science officer - MultiPlan Corporation (MPLN) announced an addition to its leadership team and two internal promotions within its Legal team. Curren Katz, PhD has been appointed Chief Data Science Officer. In this newly created role, Katz will lead the company's efforts and accelerate its expertise in data science and AI. She joins MultiPlan from Johnson & Johnson's (JNJ) pharmaceuticals, where she served most recently as Global Head, Strategic Business Transformation after leading Data Science and Digital Health. Tara O' Neil has been promoted to General Counsel from her former role as the Senior Vice President, Deputy General Counsel. Scott Mays has been promoted to Senior Vice President, Legal and Deputy General Counsel from his former role as Vice President, Legal and Associate General Counsel.
|
NNE | Hot Stocks10:23 EDT J Capital Research short 'empty shell' Nano Nuclear Energy - In a recently published report, J Capital Research said it is short Nano Nuclear Energy. J Capital believes "this back-of-the-napkin nuclear idea is an obvious stock promote. The self-promotional founder, Jay Jiang Yu, and his team of market bro directors have been involved in a half dozen penny stocks that fell between 40-100% post IPO. The founder and nearly all directors lack any experience in the nuclear industry." "We conducted onsite checks and learned that NNE shares the same space as an undisclosed related party called LIST. LIST raised almost $12M in August for a suspiciously similar plan to NNE's. We suspect LIST may be financially involved with NNE's 'new headquarters' building in Oak Ridge, Tennessee," the report reads. Further, J Capital says, "dilution is coming" and that while "enthusiastically in favor of new nuclear technologies, even speculative ones," its "research tells us that NNE is an empty stock promote of the worst type."Reference Link
|
VVPR | Hot Stocks10:11 EDT VivoPower's Tembo enters partnership agreement with Sarao Motors - Tembo E-LV announced its definitive partnership agreement with Philippine jeepney manufacturer Sarao Motors. With a strategic focus on delivering purpose-driven sustainable transport solutions, Tembo will provide Sarao with solutions to electrify the next generation of public utility jeepneys. Deliveries of Tembo's electric jeepney kits are already en route to the Philippines and expected to be at Sarao's headquarters in Las Pinas City, Metro Manila within the next weeks.
|
RZLV | Hot Stocks10:09 EDT Rezolve AI Ltd trading resumes
|
GOOG GOOGL | Hot Stocks10:05 EDT Google signs 12-year power purchase agreement with energyRe - energyRe announced that Google has signed a 12-year power purchase agreement to purchase renewable energy from a 435-megawatt solar project to be developed, owned, and operated by energyRe. energyRe will supply electricity and Renewable Energy Credits generated from the solar project to Google to power the equivalent of more than 56,000 homes. The project will support Google's 2030 goal to run on 24/7 carbon-free energy on every grid where the company operates.
|
RZLV | Hot Stocks10:04 EDT Rezolve AI Ltd trading halted, volatility trading pause
|
EVGO | Hot Stocks10:03 EDT EVgo jumps 42% to $5.59 after JPMorgan upgrade, Energy Department loan
|
BAESY | Hot Stocks10:02 EDT BAE Systems awarded $92M U.S. Navy contract for submarine propulsors - BAE Systems has been awarded a $92M U.S. Navy contract to continue building propulsors for the Virginia-class submarine program. Under this contract, BAE Systems will deliver the Propulsor Forward Assemblies, as well as design engineering support services and support and sustainment hardware. The Navy's submarine force will continue to receive propulsion systems from BAE Systems' submarine structures production workforce at the company's Submarine Center of Excellence in Louisville, Kentucky. The company will also continue to provide engineering and business support from its Minneapolis, Minnesota, facility. To date, BAE Systems has delivered 33 forward assemblies to the U.S. Navy.
|
BKSY | Hot Stocks10:00 EDT BlackSky rises 6.4% - BlackSky is up 6.4%, or 32c to $5.31.
|
BODI | Hot Stocks10:00 EDT Beachbody Company rises 8.8% - Beachbody Company is up 8.8%, or 60c to $7.39.
|
HKD | Hot Stocks10:00 EDT AMTD Digital rises 35.5% - AMTD Digital is up 35.5%, or $1.39 to $5.30.
|
HIMS | Hot Stocks10:00 EDT Hims & Hers falls -9.9% - Hims & Hers is down -9.9%, or -$1.87 to $17.08.
|
NGVT | Hot Stocks10:00 EDT Ingevity falls -14.6% - Ingevity is down -14.6%, or -$5.46 to $32.00.
|
DAO | Hot Stocks10:00 EDT Youdao falls -15.1% - Youdao is down -15.1%, or -90c to $5.05.
|
NGVT | Hot Stocks09:50 EDT Ingevity falls -10.9% - Ingevity is down -10.9%, or -$4.08 to $33.38.
|
HIMS | Hot Stocks09:49 EDT Hims & Hers falls -11.6% - Hims & Hers is down -11.6%, or -$2.20 to $16.75.
|
DAO | Hot Stocks09:48 EDT Youdao falls -12.8% - Youdao is down -12.8%, or -76c to $5.19.
|
FPI | Hot Stocks09:47 EDT Farmland Partners rises 5.7% - Farmland Partners is up 5.7%, or 58c to $10.89.
|
MSC | Hot Stocks09:47 EDT Studio City rises 6.5% - Studio City is up 6.5%, or 55c to $9.00.
|
HKD | Hot Stocks09:47 EDT AMTD Digital rises 27.6% - AMTD Digital is up 27.6%, or $1.08 to $4.99.
|
CETX | Hot Stocks09:43 EDT Cemtrex trading resumes
|
KSCP | Hot Stocks09:41 EDT Knightscope announces three expansion contracts for ECDs - Knightscope announces three new expansion contracts for its Emergency Communication Devices. Counties in California, Tennessee and Virginia are scaling up their existing contracts with Knightscope to include additional devices and long-term ECD services provided by the Company. A northern California county is adding 25 K1 Retrofit Kits to replace a legacy competitive product. A Tennessee county client is adding a Full Service Maintenance Plan for its 10 K1 Blue Light Towers. And the client in Virginia is adding a K1 Blue Light Tower, FSMP and the Knightscope Emergency Management System program to its agreement.
|
AZ | Hot Stocks09:33 EDT A2Z to effect 1-for-2.5 reverse share split - A2Z Cust2Mate Solutions will effect a 1-for-2.5 reverse share split of its common shares, no par value per share. The Reverse Share Split will become effective at 12:01 a.m. Eastern Time on October 8, 2024, and the Common Shares will commence trading on the Nasdaq Capital Market on a post-split basis at the opening of the market on October 8, 2024. The Common Shares will continue to trade on the Nasdaq Capital Market under the Company's existing trading symbol, "AZ," and a new CUSIP number 002205102 has been assigned as a result of the Reverse Share Split. The Reverse Share Split is primarily intended to bring the Company into compliance with the $1.00 minimum bid price requirement for maintaining its listing on Nasdaq. There is no guarantee the Company will meet the minimum bid price requirement.
|
CETX | Hot Stocks09:33 EDT Cemtrex trading halted, volatility trading pause
|
HNI | Hot Stocks09:31 EDT HNI Corporation CFO Marshall Bridges to retire, Vincent Paul Berger to succeed - HNI Corporation announced Marshall Bridges notified the corporation of his decision to retire as senior VP and CFO, effective December 28. On October 1, the board of directors appointed Vincent Paul Berger II as executive VP and CFO, effective December 29. Berger is a 27-year HNI member, serving as EVP and President of Hearth and Home Technologies since 2016. Following his retirement from full-time employment, Bridges will continue in a part-time role assisting the corporation with strategic projects focused in the area of artificial intelligence.
|
PLCE | Hot Stocks09:26 EDT Children's Place says Sheamus Toal leaving positions as COO and CFO - In a regulatory filing, The Children's Place announced the appointment of Laura Lentini as the company's Chief Accounting Officer, effective October 7. The company also announced that Sheamus Toal will be leaving his positions as Chief Operating Officer and Chief Financial Officer, effective December 13, 2024. Prior to December 13, Toal will continue in his roles to ensure continuity and an orderly transition. "The decision to part ways was not the result of any disagreement between Mr. Toal and the Company concerning the Company's operations, policies or practices," Children's Place stated. Also on October 3, the company publicly announced that Jared Shure, who was previously Senior Vice President, General Counsel and Corporate Secretary, has been named Chief Administrative Officer, General Counsel and Corporate Secretary, effective September 10, reporting to Muhammad Umair, President and Interim Chief Executive Officer. Reference Link
|
DSX | Hot Stocks09:25 EDT Diana Shipping announces direct continuation of time charter contract - Diana Shipping has extended the time charter contract with Aquavita International S.A., for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is $12,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum May 1, 2025 up to maximum July 15, 2025. The new charter period is expected to commence on October 11, 2024. The "Phaidra" is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013. The employment of "Phaidra" is anticipated to generate approximately $2.4 million of gross revenue for the minimum scheduled period of the time charter.
|
MULN | Hot Stocks09:16 EDT Mullen Automotive's Bollinger Motors delivers first B4 trucks - Mullen Automotive's Bollinger Motors has made the first customer delivery of its 2025 Bollinger B4 Chassis Cab. Bollinger delivered five Bollinger B4s to Nacarato Truck Centers' LaVergne, Tennessee, facility - generating revenue for the original equipment manufacturer with a MSRP value of $800,000. Revenue from the Nacarato delivery is recognized for the three months ended Sept. 30, 2024, with wire transfer payment received on the vehicles delivered. Nacarato Truck Centers will sell four vehicles to commercial fleet customers and use one vehicle for its own internal parts deliveries between its 13 locations throughout the East, Southeast and Midwest.
|
AAN | Hot Stocks09:15 EDT IQVentures to complete acquisition of The Aaron's Company - The Aaron's Company and IQVentures announced that they expect to complete the previously announced acquisition by IQVentures of The Aaron's Company later today. The acquisition was originally announced on June 17, 2024, and approved by The Aaron's Company shareholders on September 25, 2024. Upon completion of the transaction, The Aaron's Company's common stock will cease trading and will no longer be listed on the NYSE.
|
DKS | Hot Stocks09:14 EDT Dick's Sporting plans to hire nearly 8,000 seasonal employees - DICK'S Sporting Goods announced that it plans to hire nearly 8,000 seasonal teammates for the 2024 holiday season. The seventh-annual "National Signing Day" on October 8 will kick off holiday recruiting efforts for positions at DICK'S Sporting Goods, DICK'S House of Sport, Public Lands and Going, Going, Gone! stores across the country.
|
CLSK | Hot Stocks09:13 EDT CleanSpark provides September Bitcoin mining update - CleanSpark released its unaudited bitcoin mining and operations update for the month ending September 30, 2024. September Bitcoin Mining Update: Bitcoin mined in September: 493; CY2024 bitcoin mined: 5,079; FY2024 bitcoin mined: 7,098; Total bitcoin holdings as of September 30: 8,049; Total bitcoin sold in September: 2.5; Deployed fleet: 188,520; Fleet efficiency: 21.94 J/Th; Month-end operating hashrate: 27.6 EH/s
|
RIOT | Hot Stocks09:11 EDT Riot Platforms reports September bitcoin production up 14% vs last year - Riot Platforms announces unaudited production and operations updates for September 2024. Riot produced 412 bitcoins produced, up 28% vs. August 2024 and up 14% vs. September 2023. Average Bitcoins produced per day were 13.7 in September, up 32% vs. 10.4 in July 2024 and up 14% vs. August 2023. "Riot mined 412 Bitcoin in September, a 28% increase over August production," said Jason Les, CEO of Riot. "This increase in production was driven by an increase in average operating hash rate across all our facilities and was achieved despite periodic curtailment that took place through our participation in the final month of ERCOT's Four Coincident Peak program for 2024, whereby we paused mining operations during periods of high demand on the grid.
|
JACK | Hot Stocks09:11 EDT Del Taco debuts Del's Mucho Meal$ value menu - Del Taco is winning in the value space with the launch of its NEW Del's Mucho Meal$, where guests have 4 brand new meal combos to choose from. NEW Del's Mucho Meal$ start at $4.49* and each includes a Mini Cinnamon Churro, small Crinkle Cut Fries, and a 16oz Fountain Drink, with the option to upgrade to Medium or Macho Crinkle Cut Fries and Drink. The full list of NEW Del's Mucho Meal$ includes: $4.49 Snack Taco Mucho Meal: For the taco fans, get 2 Snack Tacos, a Mini Cinnamon Churro, small Crinkle Cut Fries, and a 16oz Fountain Drink for only $4.49! $5.49 B&C Burrito Mucho Meal: Grab 2 of our favorites! A Bean & Cheese Burrito with choice of red or green sauce, a Grilled Chicken Taco, a Mini Cinnamon Churro, small Crinkle Cut Fries, and a 16oz Fountain Drink for only $5.49! $6.49 Double Taco Mucho Meal: Enjoy our Double Taco Mucho Meal with a The Del Taco, a Grilled Chicken Taco, a Mini Cinnamon Churro, small Crinkle Cut Fries, and a 16oz Fountain Drink for only $6.49! $7.49 Chicken Lover's Mucho Meal: Enjoy our Chicken Lover's Mucho Meal with a Grilled Chicken Taco, a Chicken Cheddar Roller with choice of green sauce, ranch or chipotle, a Snack Queso Quesadilla, a Mini Cinnamon Churro, small Crinkle Cut Fries, and a 16oz Fountain Drink for only $7.49!
|
MODV | Hot Stocks09:11 EDT ModivCare announces amendment to credit agreement with key lenders - In a regulatory filing earlier this week, ModivCare announced that on September 30, the company announced that it entered into an Amendment No. 4 to its Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, swing line lender and an issuing bank, Wells Fargo Bank, National Association, as an issuing bank, Truist Bank and Wells Fargo Bank, National Association, as co-syndication agents, Deutsche Bank AG New York Branch, Bank of America, N.A., Regions Bank, Bank of Montreal and Capital One, National Association, as co-documentation agents, and JPMorgan Chase Bank, N.A., Truist Securities, Inc. and Wells Fargo Securities, LLC, as joint bookrunners and joint lead arrangers, and the other lenders party thereto. Pursuant to the Fourth Amendment, the Credit Agreement was amended by increasing the permitted maximum total net leverage ratio under Section 6.12 of the Credit Agreement, through the fiscal quarter ended September 30, 2024, to 6.50 to 1:00, compared to 5.25 to 1:00 as in effect prior to the Fourth Amendment. In addition, ModivCare announced that it successfully collected all of the approximately $60M in contract receivables that were previously reported as delayed. These collections are in addition to normal course collections. Further, in addition to the announced Fourth Amendment, the company said it will continue discussions with its bank group on a collaborative long-term relief amendment, anticipated to be finalized in the near term, intended to support ongoing compliance with its financial covenants.
|
TTEK | Hot Stocks09:09 EDT Tetra Tech wins $249M multiple-award USACE environmental services contract - Tetra Tech announced that the U.S. Army Corps of Engineers USACE , Omaha District, awarded the Company a $249M, multiple-award contract to provide environmental assessment and design services at facilities and sites throughout the United States. Under this 7-year contract Tetra Tech's scientists, engineers, and technical specialists will perform comprehensive environmental services including the development of water resource management plans, assessment and protection of ecosystems, and design of sustainable building elements to maximize water and energy efficiency. "Tetra Tech has supported the USACE for more than 40 years to restore and protect the environmental resources at its facilities," said Dan Batrack, Tetra Tech Chairman and CEO. "As the top-ranked firm in Environmental Management by Engineering News-Record for the past 15 years, we are pleased to use our Leading with Science approach to support the USACE in addressing their most complex environmental challenges."
|
SXTP | Hot Stocks09:08 EDT 60 Degrees Pharmaceuticals launches Arakoda promotional pilot - 60 Degrees Pharmaceuticals has commenced a nine-month promotional pilot to bring greater awareness of Arakoda and its benefits to patients and healthcare providers who prescribe it. Arakoda is an antimalarial indicated for the prevention of malaria in patients aged 18 years and older. The pilot program includes inside, or virtual, sales representatives who will conduct outreach to prospective and current Arakoda customers to promote the co-pay program and increase sales. Part of the pilot entails development of a co-pay assistance program to assist with out-of-pocket costs for people traveling to malaria-endemic regions. Arakoda is the only FDA-approved prophylactic therapy approved by the FDA that provides protection against all stages of malaria.
|
ONCO | Hot Stocks09:08 EDT Onconetix announces financing through $2M private placement - Onconetix announced the signing and closing of a private placement of 3,499 shares of the Company's Series C Convertible Preferred Stock, $0.00001 par value, and warrants to acquire up to an aggregate of 591,856 additional shares of the Company's common stock, $0.00001 par value per share, for aggregate gross proceeds of approximately $2.0 million. The Series C Preferred Stock are initially convertible into an aggregate of 776,590 shares of Common Stock, subject to certain anti-dilution adjustments. The Warrants will have an exercise price of $4.38 per share, subject to customary adjustments, and are exercisable beginning six months and one day after the issuance date and expiring on the third anniversary of the Initial Exercisability Date. The Company has filed a Current Report on Form 8-K with the Securities and Exchange Commission on October 3, 2024, with additional details of the transaction. The Company agreed to seek stockholder approval for the issuance of all of the shares of Common Stock issuable upon conversion of the Series C Preferred Stock and exercise of the Warrants in accordance with the rules and regulations of the Nasdaq Stock Market. The Company intends to use the gross proceeds from the private placement for working capital and general corporate purposes. Tungsten Advisors served as financial advisor to Onconetix. Additionally, on October 2, 2024, Onconetix entered into a Common Stock Purchase Agreement with an equity line institutional investor, whereby the Company has the right, but not the obligation, to sell to the Purchaser, and, subject to limited exceptions, the Purchaser is obligated to purchase, up to $25 million of newly issued shares of the Company's common stock. The Company's right to commence sales of Common Stock to the Purchaser are subject to certain conditions, including that a registration statement covering the resale of such shares is declared effective by the SEC. Actual sales of shares of Common Stock to the Purchaser under the Purchase Agreement will depend on a variety of factors to be determined by the Company from time to time, including, among others, market conditions, the trading price of the Common Stock and determinations by the Company as to the appropriate sources of funding and the Company's operations.
|
HIPO | Hot Stocks09:07 EDT Hippo expands home builder access to new homes programs in 3 states - Hippo announced that it will expand home builder access to its New Homes Program in California, Florida, and Texas. By the year's end, Hippo's New Homes Program expects to provide access to insurance for almost 50,000 additional new homes in the three states, which, according to the U.S. Census Bureau, accounted for more than a third of new construction permits in the U.S. in 2023.
|
PNC | Hot Stocks09:07 EDT PNC Bank, Akoya announce expansion of existing integration - PNC Bank and Akoya announced the expansion of their existing integration to support corporate data sharing through the Akoya data access network. This feature enhances the ability of corporate clients to securely share their financial data with third parties, including fintechs and data aggregators, that power platforms they use to run their businesses, enhancing security and reliability through API-based connections.
|
EDBL | Hot Stocks09:06 EDT Edible Garden's USDA Organic herb line now shipping to H Mart stores - Edible Garden is now shipping its full USDA Organic herb product line to H Mart stores in the Southeast region. H Mart is the largest Asian supermarket chain in the United States. Established in 1982 with a single store in Woodside, Queens, H Mart has expanded to over 97 locations across the country.
|
APO | Hot Stocks09:05 EDT Mosaicx partners with Vibrant Emotional Health or georouting capabilities - Mosaicx announced that its intelligent routing technology powers new georouting capabilities for the 988 Lifeline. Since the 988 Lifeline debuted in 2022, Mosaicx has been committed to enhancing its accessibility and responsiveness through vital backend technology. Mosaicx and Vibrant are working to continuously improve crisis care solutions. The new georouting solution is designed to protect help seekers' privacy while still allowing them to access localized support. Georouting identifies the county from which a call is initiated and connects the help seeker to a geographically appropriate crisis call center. This capability is crucial to providing localized support because in many cases a caller's current location does not match their area code.
|
RPMT | Hot Stocks09:05 EDT Lumin Digital announces partnership with Rego Payment Architectures - Lumin Digital announced a strategic partnership with Rego Payment Architectures to offer REGO's white-label family wallet to Lumin's network of financial institutions. Banks and credit unions that use Lumin's digital platform can launch a youth banking product using their brand that lets children spend, save, donate, and invest under the supervision and control of their parents.
|
CIFR | Hot Stocks09:05 EDT Cipher Mining provides September 2024 operational update - Cipher Mining released its unaudited production and operations update for September 2024. Cipher mined ~1551 bitcoin in September. During the month, the company's operational and construction teams finalized preparations for the upgrade of the mining fleet at Odessa, expected in the coming weeks, and continued to build the new Black Pearl data center. Cipher produced ~1552 BTC in September. Cipher sold ~923 BTC, ending the month with a balance of ~1,512 BTC.
|
QRTEA | Hot Stocks09:04 EDT QVC, USA Pickelball announce multi-year partnership - QVC and USA Pickleball announced they are rallying together on a multi-year partnership. Through this new partnership, QVC will be the Exclusive Retail Industry Partner and Exclusive Broadcast Partner of USA Pickleball, including during select USA Pickleball Golden Ticket Tournaments throughout the year and Nationals held each November. Pickleball has been named the fastest-growing sport in the U.S. for three consecutive years, with over 5 million women 45+ actively playing pickleball.
|
UBER | Hot Stocks09:04 EDT Uber, Avride announce multiyear delivery robot partnership - Uber and Avride announced a multiyear strategic partnership to bring Avride's delivery robots and autonomous vehicles to Uber and Uber Eats. The delivery partnership will launch first with sidewalk robots on Uber Eats in Austin in the coming weeks, before expanding to Dallas and Jersey City, New Jersey, later this year. The mobility partnership is expected to launch for riders in Dallas later next year. After launch, when a consumer requests a qualifying delivery or ride on the Uber Eats or Uber apps, they may be presented with the option to have that trip fulfilled by an Avride delivery robot or autonomous vehicle.
|
ZM | Hot Stocks09:04 EDT Zoom Video launches Zoom Phone in India - Zoom Video Communications announced the launch of its Zoom Phone in India, commencing with the availability of Zoom Phone service with native India phone numbers in the Maharashtra Telecom Circle. Zoom Phone brings multinational corporations with a domestic presence and homegrown companies unrivaled simplicity and modern functionality to their distributed hybrid workforce, as well as global native coverage in 50 countries and territories. The native phone number support will be available starting with the Maharashtra Telecom Circle, followed by Karnataka, Tamil Nadu, Andhra Pradesh, Mumbai and Delhi telecom circles, covering all the major technology centers in India.
|
MYGN | Hot Stocks09:03 EDT Myriad Genetics and Ultima Genomics to explore UG 100 sequencing platform - Myriad Genetics and Ultima Genomics, a developer of a new ultra-high throughput sequencing platform, announced a joint effort to explore Ultima's UG 100 sequencing platform and its ppmSeq technology to advance Myriad's ability to offer groundbreaking clinical tests. Myriad has purchased a new UG 100 that will soon join other leading sequencing platforms in its new Lab of the Future facility in South San Francisco. The Myriad Precise Molecular Residual Disease (MRD) test performs whole-genome sequencing on two samples from cancer patients-one from a tumor and one from normal tissue-to comprehensively identify tumor-specific variants for subsequent tracking in a personalized panel. With Ultima's support, Myriad will explore the potential for the Precise MRD test to improve in both performance and cost with ppmSeq on the UG 100.
|
CVS | Hot Stocks09:03 EDT CVS Health, FARE continue to partner for Teal Pumpkin Project - FARE is partnering with CVS Pharmacy, a CVS Health company, for the third consecutive year on the Teal Pumpkin Project, a movement creating a more inclusive Halloween for those with food allergies by offering an expanded selection of non-food treats.
|
API | Hot Stocks09:02 EDT Agora announces launch of Conversational AI SDK - Agora announced the launch of its Conversational AI SDK, integrated with OpenAI's Realtime API to allow developers to seamlessly bring engaging, voice-driven AI experiences to any app. This integration lets developers build conversational AI for a vast range of use cases and provide users with a more natural way to interact with AI than ever before.
|
LPLA | Hot Stocks08:55 EDT LPL Financial: Noble Group joins LPL's broker-dealer, RIA, custodial platforms - LPL Financial announced that the advisors at The Noble Group have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having served approximately $2.1 billion in advisory, brokerage and retirement plan assets and join LPL from Raymond James. Founded in 1996 by Tom Noble, The Noble Group is a holistic wealth management firm that offers a range of financial services including corporate retirement plan consulting, financial planning, investment advice and portfolio management. With a team-oriented business model, the firm serves many high-net-worth families, retirees and business owners. Based in Sugar Land, Texas, and with a registered office in Dallas, the team is comprised of nine advisors and 13 support staff members. Noble plans to step away from day-to-day operations, leaving leadership responsibilities to the next generation of advisors. Joey Rose who joined the firm in 2011, now serves as president and CEO.
|
AIM | Hot Stocks08:49 EDT AIM ImmunoTech granted U.S. patent for Ampligen for endometriosis treatment - AIM ImmunoTech announced that the United States Patent and Trademark Office has granted U.S. patent No. 12,102,649, covering both compositions and methods comprising the Company's drug Ampligen in the treatment of endometriosis, a painful chronic condition that affects nearly 10% of women of reproductive age, or approximately 6.5 million women in the United States. The patented method involves the administration of a therapeutically effective amount of a pharmaceutical composition containing AIM's proprietary double-stranded RNA products. The patent's claims describe a unique class of therapeutic double-stranded RNAs which are key components in these treatment methods and compositions. The versatile administration options offer flexibility for patient-specific needs and care. The patent also covers treatments targeting recurrent endometriosis and includes options for co-administration with interferons, including well-known types such as alpha and beta interferons.
|
TCLAF | Hot Stocks08:47 EDT Transcontinental's near-term emissions targets approved by the SBTi - Transcontinental announces an important milestone in its sustainability journey. The Science Based Targets initiative has approved TC Transcontinental's near-term science-based emissions reduction targets. From now on, these targets will serve as TC Transcontinental's primary measurement of progress on its sustainability objectives, including energy efficiency, clean energy procurement, and the commercialization of sustainable packaging solutions such as recycle-ready packaging solutions as well as the integration of post-consumer resin into packaging products. TC Transcontinental is committed to reducing absolute scope 1 and 2 greenhouse gas emissions by 42% by 2030 compared to fiscal year 2021, and to reducing absolute scope 3 GHG emissions by 25% by 2030 compared to fiscal year 2021. These targets were developed with the support of Edison Energy, a sustainability consulting firm.
|
UGRO | Hot Stocks08:43 EDT Urban-Gro signs $12M in cannabis sector contracts in Q3 - urban-gro has signed multiple new contracts with more than fifteen clients in the cannabis sector, with aggregate expected contract revenue of approximately $12 million. The contracted scopes of work include equipment procurement as well as engineering, architecture, and design services for cultivation, extraction, and retail dispensary projects across the U.S. The Company expects the majority of revenue from these projects to be recognized by the end of the first quarter of 2025.
|
ICE | Hot Stocks08:43 EDT ICE: September total average daily volume up 29%,open interest up 16% y/y - Intercontinental Exchange, reported September 2024 trading volume and related revenue statistics..."ICE began building a global multi-asset network of exchanges and markets over two decades ago, and this past quarter we witnessed record trading across commodities, specifically in our global energy markets, as well as interest rate derivatives," said Ben Jackson, President of ICE. "Notably, Brent futures and options, used to price three quarters of the world's internationally traded crude oil, traded at record quantities in the last quarter, solidifying its role as the global benchmark price for oil." September highlights include: Total average daily volume (ADV) up 29% y/y; open interest (OI) up 16% y/y; Record Energy ADV up 24% y/y; OI up 21% y/y; Total Oil ADV up 13% y/y; OI up 13% y/y; Total Natural Gas ADV up 45% y/y; OI up 24% y/y: Total Financials ADV up 40% y/y; OI up 14% y/y...
|
ATNF | Hot Stocks08:42 EDT 180 Life Sciences settles legacy liabilities - The company said, "In addition to completing the acquisition of the Technology Gaming Package and advancing the Company's SCA program, management of the Company has also been successful in settling a variety of legacy debts and litigation matters. The debt settlements have helped de-leverage 180's balance sheet through highly favorable, low-cost settlements. In addition, the Company has successfully resolved certain longstanding legacy litigation in a manner that we believe is highly advantageous, marking a significant milestone in our ongoing efforts to strengthen our position. We believe that this favorable resolution removes a major overhang, allowing the Company to focus fully on its core operations and strategic growth initiatives."
|
ATNF | Hot Stocks08:42 EDT 180 Life Sciences reports study results on CBD pill formulation - In addition to its new gaming focus, 180 plans to retain its current portfolio of biotechnology intellectual property. The Company is actively exploring opportunities to maximize the value of its biotechnology assets through various corporate transactions, including joint ventures, partnerships, and outright sales. Management remains committed to optimizing the value of all assets for the benefit of shareholders. The Company would like to highlight its most recent study results, involving the Company's Synthetic CBD analogs, which are man-made derivatives of cannabidiol. 180 aims to develop SCAs that are safe, non-psychoactive and formulated to improve efficacy and bioavailability - a real alternative to unregulated CBD. 180 previously announced results from a study comparing two new pill forms of CBD with the U.S. Food and Drug Administration (FDA)-approved liquid CBD drug, Epidiolex. The study involved 12 participants and found that one of the pill forms absorbed CBD faster and reached higher levels in the body than Epidiolex, while the other pill form was similar to Epidiolex. Both pill forms were well-tolerated. CBD, which in certain studies has been found to be beneficial for conditions such as epilepsy, inflammation, PTSD, and pain, is typically taken as a liquid, which can lead to inconsistent absorption. The new pill forms, developed with "ProNanoLipospheres" technology, aim to solve this issue by improving uptake. These results suggest that solid CBD pills could offer a more reliable and convenient option for patients, with potential highly commercial benefits in the future.
|
ATNF | Hot Stocks08:41 EDT 180 Life Sciences believes acquisition enables continued Nasdaq listing - Management believes that the acquisition of the Gaming Technology Platform enables the Company to satisfy Nasdaq's continued listing stockholder equity requirement as of September 30, 2024. Nasdaq has provided the Company until October 15, 2024 to complete all public filings which will demonstrate the Company's compliance with Nasdaq's stockholder equity requirements. While the Company believes the acquisition has cured the Company's prior stockholder equity non-compliance, the Company hasn't yet received official word from Nasdaq regarding such compliance, and Nasdaq could require additional information or continue to deem us in non-compliance, which could result in the delisting of our common stock and warrants at the end of the extended compliance period.
|
ATNF | Hot Stocks08:39 EDT 180 Life Sciences shifts focus, enters global iGaming market - 180 Life Sciences provided a corporate update covering several key initiatives. The Company announced the acquisition of a comprehensive intellectual property package, consisting of a complete "back-end" technology solution for online casino operations. The acquisition, marks the beginning of a strategic shift toward the rapidly expanding iGaming industry. The Gaming Technology Platform includes advanced components designed to support online casinos using blockchain technology. These components are as follows: Blockchain Casino Operations Back-End: A robust infrastructure designed to support casino game programming through secure and scalable server/cloud solutions, database management, and blockchain payment processing. Blockchain to FIAT Seamless Exchange Technology: A proprietary system allowing players to deposit and withdraw using cryptocurrency while maintaining FIAT-based wallets and gaming sessions. We believe that this cutting-edge technology offers a significant competitive advantage in the growing blockchain casino market. Blockchain API Technology: A sophisticated application program interface that facilitates reliable FIAT-to-blockchain and blockchain-to-FIAT payment gateways, supporting credit cards, e-wallets, and multiple cryptocurrencies while enabling blockchain-exclusive online casino operations. Player Account Management: A secure system for managing player accounts, including registration, login, and player profiles, alongside know-your-client and anti-money laundering compliance features. Loyalty Systems for Blockchain Users: A customer relationship management system designed to foster player loyalty and enhance the lifetime value of each customer by catering to blockchain users. Affiliate Tracking System: A tool to monitor traffic, registrations, and referral sources, allowing for scalable growth through affiliate partnerships and the distribution of referral fees and royalties. The Company issued 1 million shares of a new series of Series B Convertible Preferred Stock and warrants to purchase 3 million shares of common stock of the Company upon stockholder approval in consideration for the acquisition of the Gaming Technology Platform. With this acquisition, 180 plans to undertake a rebranding and preparation phase, positioning itself to enter the global iGaming market. According to a report by Statista, the global online gaming sector is estimated to reach $97 billion in 2024 and is projected to grow to nearly $133 billion by 2029. Management believes the purchase of the Gaming Technology Platform positions the Company to capitalize on this significant market opportunity and create value for shareholders. In particular, the Gaming Technology Platform purchased by 180 uses blockchain technology, which we believe is rapidly emerging as the preferred technology platform for customers due to the high levels of transparency, fraud reduction and ease of access offered to clients. To become fully operational, the Company will be embarking on the acquisition or development of a "front-end" customer interface.
|
EVGO | Hot Stocks08:39 EDT EVgo receives conditional commitment for $1.05B DOE loan guarantee - EVgo announced that it has received a conditional commitment for a loan guarantee of up to $1.05B of debt financing, from the U.S. Department of Energy, or DOE, Loan Programs Office under its Title 17 program to accelerate expansion of its fast-charging network in community locations across the U.S. The financing would accelerate EVgo's efforts to scale its charging footprint and increase nationwide access to public charging stations. Access to this low-cost financing will facilitate the build out of approximately 7,500 additional fast charging stalls across the U.S., with the top state markets anticipated to be Arizona, California, Florida, Georgia, Illinois, Michigan, New Jersey, New York, Pennsylvania and Texas. If finalized, EVgo expects to complete the deployment of the new stalls by 2030. In alignment with the Biden-Harris administration's Justice40 initiative, over 40% of stalls to be built pursuant to the financing, if finalized, are anticipated to be in marginalized areas that have been overburdened by environmental impacts. EVgo also plans to leverage the 30C tax credit, which was expanded as part of the Inflation Reduction Act and supports the buildout of public EV charging infrastructure with a focus on driving investment to rural and lower-income communities.
|
MGRX | Hot Stocks08:36 EDT Mangoceuticals releases oral Tirzepatide tablet for weight loss - Mangoceuticals has released "TRIM," a compounded, oral dissolvable Tirzepatide tablet as an alternative to injectable therapies. Clinical trials have shown that Tirzepatide can deliver weight reductions of up to 20% in obese individuals. The phase 3 SURMOUNT-1 clinical trial showed that a significant percentage of participants achieved weight loss of over 15-20% in 72 weeks. According to Roots Analysis, the global GLP-1 market is projected to grow from $49.3B in 2024 to $157.5B by 2035, with the obesity segment expected to capture the majority share by 2035.
|
TCBP | Hot Stocks08:36 EDT TC Biopharm announces artificial intelligene initiative with Carnegie Mellon - TC BioPharm announced it has entered into a sponsored research agreement with Carnegie Mellon University to explore the potential use of artificial intelligence to optimize the patient screening process. "TC BioPharm is pleased to partner with Carnegie Mellon University as we continue to research cutting-edge solutions for the advancement of the cell therapy industry," stated Bryan Kobel, CEO of TC BioPharm. "An issue the cell therapy industry faces as a whole is donor variability as well as how to more accurately predict outcomes and responses between donors and patients. Finding a solution for how to select the best donors for allogeneic cell therapies to generate the best product, and also how to match the best cell therapy and donor to the best patient beyond the current HLA matching process, represents a massive opportunity from a market perspective and also would have far-reaching applications for CDMOs and other industry players."
|
VRAR | Hot Stocks08:36 EDT Glimpse Group's Fortell extends partnership with Nova Southeastern University - The Glimpse Group's Foretell Reality entered into a potential six figure development and commercialization partnership extension with Nova Southeastern University to collaboratively develop a simulation and assessment platform that enables learners to practice various professional skills, through conversation and interaction with AI-powered characters in immersive settings leveraging Virtual Reality and AI technologies. The platform will enable simulation builders to create flexible training scenarios, including the ability to define a range of expertise levels, biographical details, and behavioral attributes for the AI characters. Additionally, the platform will apply AI tools to automatically analyze, evaluate and provide feedback on a learners' substantive and behavioral performance.
|
BKSY | Hot Stocks08:35 EDT BlackSky awarded five-year $290M NGA contract - BlackSky was awarded a five-year, up to $290M multi-award indefinite-delivery, indefinite-quantity NGA contract to monitor global economic and environmental activity and military capability using high-cadence, rapid revisit satellite imagery and AI-driven change-detection analytics. Under the contract, BlackSky expects to provide analytical services that detect and identify objects of interest such as aircraft, ships, vehicles, and shipping containers. BlackSky will use its current and future time-diverse satellite constellation to provide change-monitoring services over critical infrastructure. BlackSky will leverage its proprietary broad area search capability to automatically detect and identify changes to the Earth resulting from human and natural activities such as deforestation, construction, mining, flooding and other phenomena that contribute to climate change or wildfires.
|
TEVA | Hot Stocks08:35 EDT Teva, mAbxience expand partnership to include additional biosimilar candidate - Teva Pharmaceuticals and mAbxience announced a new global licensing agreement for the development of an anti PD-1 oncology biosimilar candidate. This marks the second agreement between the two companies, reinforcing the solid foundation of the collaborative efforts that commenced in April 2024. The global agreement to develop an additional oncology biosimilar further strengthens the alliance between Teva and mAbxience, underscoring the shared goal to provide cost-effective, high-quality biosimilar treatments that address critical unmet needs in oncology care. By leveraging each company's unique expertise and resources, the collaboration continues to drive innovation and accessibility in healthcare to create solutions for patients worldwide. The licensing agreement includes exclusive rights for multiple markets, including Europe and the United States, and aligns with mAbxience's strategy for global expansion. The collaboration reflects Teva's progress advancing its Pivot to Growth strategy by adding a new biosimilar to the company's broad portfolio of biosimilars, through focused partnerships and business development efforts. Similar to the initial contract, under the terms of this agreement, mAbxience will lead the development and production of the biosimilar, utilizing its state-of-the-art, cGMP-compliant facilities in Spain and Argentina. Teva will manage regulatory approvals and oversee commercialization in the designated markets, ensuring that patients around the world gain access to this oncology treatment.
|
LPTH | Hot Stocks08:34 EDT LightPath awarded Phase 2 funding from U.S DoD partnership - LightPath Technologies announced the U.S. Department of Defense, DoD, via the Defense Logistics Agency, Strategic Materials, DLA, has awarded Phase 2 funding to support the qualification of additional LightPath Black Diamond chalcogenide glasses as substitute to germanium. "We initiated Phase One of this qualification program with the DLA after multiple stakeholders inside the DoD realized the urgent need to find replacements for Germanium," said Sam Rubin, President and Chief Executive Officer of LightPath. "Phase One was significant success, resulting in the qualification of new proprietary BlackDiamond materials. These materials are now designed into multiple programs of record and demonstrate significant additional value beyond simply replacing Germanium."
|
HTCR | Hot Stocks08:33 EDT HeartCore Enterprises selected by Fourmix to implement CMS platform - HeartCore Enterprises has been awarded a new contract from Fourmix, a Japanese IT and web development company. Through this contract, HeartCore will implement its CMS platform to enhance Fourmix's web development and digital marketing domain capabilities. HeartCore will support the development of new websites, redevelop website platforms, and post-development maintenance services to customize the delivery of information according to specific customer needs.
|
IPW | Hot Stocks08:33 EDT iPower enters partnership with Zyla - iPower announced its partnership with Zyla, a multi-currency financial account service offered by Ant International. This collaboration enables Zyla's clients to expand their sales on major U.S. online marketplaces through iPower's SuperSuite platform. The Company's partnership with Zyla is the first step towards a potential collaboration of supply chain financial services integrated within iPower's SuperSuite platform, enhancing the value and comprehensive support provided to its supply chain partners. Through this collaboration, iPower can assist Zyla's clients in expanding their reach into key U.S. online marketplaces by providing access to sales channels and fulfillment services. Additionally, iPower gains access to a network of businesses seeking entry into the U.S. ecommerce market, positioning the Company to attract new supply chain partners and drive growth in the SuperSuite platform. Zyla is the first financial services provider partner of iPower, marking a critical step toward providing supply chain financial services within iPower's SuperSuite platform.
|
LDOS BA | Hot Stocks08:32 EDT Leidos appoints Downey as Chief Communications, Marketing Officer - Leidos (LDOS) has named Thomas Downey as executive vice president, chief communications and marketing officer, reporting to Leidos CEO Tom Bell, effective Oct. 7. Downey joins Leidos with extensive industry experience garnered through a 31-year career at Boeing and heritage McDonnell Douglas; including more than a decade as Boeing's (BA) top communications official.
|
RZLV MSFT | Hot Stocks08:32 EDT Rezolve AI partnering with Microsoft in retail digital engagement - Microsoft (MSFT) and Rezolve AI (RZLV) announced a strategic partnership aimed at providing retailers with advanced capabilities for digital engagement. Through this collaboration, Rezolve AI's Brain Suite - including Brain Commerce, Brain Checkout, and Brain Assistant - will be powered by Microsoft Azure and available globally via Microsoft's Azure Marketplace and co-sell channels. This partnership aims to empower retailers to transform their customer engagement and operations with advanced AI solutions powered by the Microsoft Cloud. In addition, Microsoft will extend Go-to-Market and co-sell support, providing marketing, sales, and technical support to accelerate Rezolve AI's market penetration over the next five years.
|
ICCT | Hot Stocks08:32 EDT iCoreConnect acquires substantially all Healthcare Circle of Excellence assets - iCoreConnect announced the acquisition of substantially all of the assets of the Healthcare Circle of Excellence. This acquisition positions iCoreConnect as a leader in providing essential resources and solutions to help local healthcare community partners and practices remain independent and thrive. The strategic move marks a significant expansion of iCoreConnect's partnerships and resources, further enhancing its ability to meet the critical needs of healthcare practices and professionals with comprehensive, cutting-edge solutions. The acquisition strengthens the company's efforts to empower medical and dental practices with innovative solutions and valuable resources, fostering financial success by supporting local healthcare community partnerships across the U.S. As part of the asset acquisition, iCoreConnect revealed plans to launch a new Healthcare Circle of Excellence division and a website designed to identify the critical needs of practitioners and practices while offering a wide array of vetted solutions and resources. Additionally, the HCofE founders will continue to play a key role in expanding healthcare community partnerships across the U.S. and enriching the website's offerings. The new division will focus on empowering locally vetted teams of healthcare business professionals to partner strategically with practitioners, practices, associations, organizations, and students, providing tailored solutions to address their evolving needs.
|
SABR | Hot Stocks08:31 EDT Sabre, Arajet sign long-term distribution agreement - Sabre Corporation announced a multi-year distribution agreement with the Dominican flag carrier Arajet. Under the agreement, Arajet will distribute its inventory of flights, offers and services through a vast network of travel agents across the world, giving Sabre-connected agents access to additional airline content to create personalized offers and experiences for their leisure travelers through the Sabre Global Distribution System.
|
BTCY | Hot Stocks08:30 EDT Biotricity: Advancements to 'propel the company towards profitability' by Q4 end - Biotricity reports financial and strategic advancements that will propel the company towards profitability by the end of Fiscal Q4. Biotricity is now on an accelerated trajectory to profitability due to growing revenues from sales and strategic partnerships, improving margins, and an earlier than expected milestone of achieving EBITDA positive on a go-forward cash basis. "We are thrilled to share our fast-tracked path towards profitability, driven by strong increase in revenue garnered through strategic partnerships and sales expansion, as well as optimized profit margins," said Dr. Waqaas Al-Siddiq, CEO and founder of Biotricity. "This achievement is a testament to our novel approach and the increasing demand for our diagnostically superior remote monitoring solutions."
|
ADTX | Hot Stocks08:28 EDT Aditxt provides update on plans for 2024 year-end, accessing strategic capital - Aditxt, provided an update on its plans for 2024 year-end.Aditxt's two acquisition targets, Evofem Biosciences, (EVFM) and Appili Therapeutics ( APLIF), have reported revenue of $7.8 M for the six months ended June 30, 2024. Appili has received approximately $6M of the total $14M to date in a non-dilutive funding commitment from the DoD. These funds, along with other potential funding sources, are anticipated to continue advancing the ATI-1701 program toward an Investigational New Drug IND submission to the U.S. Food and Drug Administration FDA in 2025. The Company estimates it will require approximately $4 million in cash to fund its proposed acquisition of Evofem inclusive of the $1.8 million purchase of Common Shares, and Aditxt's obligation to purchase an additional $2.28 million in Evofem Series F-1 Convertible Preferred Stock by October 31, 2024. ...This shelf registration statement covers the sale of up to $100 million in securities. ...The Company also filed a resale registration statement covering the shares issuable under the Company's Equity Line of Credit...The Company is making concerted efforts to clean up its balance sheet and capitalization table. As of the date hereof, the Company also has approximately $19 million in accounts payable and accrued expenses and approximately $7.8 million is owed to secured creditors...."The closing of the two target acquisitions, maintaining our Nasdaq listing and accessing strategic capital, and reduction of debt and accounts payable, are key to our future plans," said Amro Albanna, Chairman, Co-Founder, and CEO of Aditxt. "We understand the many challenges that lie ahead but believe that through our current efforts Aditxt will be well-positioned to meet transformational milestones in 2025 that will deliver value to our shareholders and stakeholders."
|
SOBR | Hot Stocks08:28 EDT SOBRsafe provides update on opportunity for international expansion - SOBR Safe provided an update on the opportunity for international expansion across three foundational markets. In each case below, SOBRsafe was approached by the interested party to engage our technologies. India: A critical infrastructure developer has selected SOBRsafe for a paid proof-of-concept installation in a public, safety-sensitive facility. The SOBRcheck stationary device will be evaluated for uniform employee screening at points of entry. The developer owns and operates a portfolio of infrastructure assets across India and Southeast Asia. Italy: A global employer has selected SOBRsafe for a paid proof-of-concept application of its SOBRsure wristband for the company's fleet drivers in Italy. Across its European operations, the company leverages a fleet of over 10,000 vehicles. In general, more than 6 million people work in commercial transport in Europe alone. Australia/New Zealand: As previously reported, SOBRsafe has initiated sales activities in Australia and New Zealand via a channel partnership with the region's leading drug and alcohol testing service provider. Courts in both countries have now approved SOBRsafe's technology for use in family law cases, and have made available economic assistance where necessary.
|
AMTX | Hot Stocks08:28 EDT Aemetis completes initial construction phase of California multi-dairy digester - Aemetis' Aemetis Biogas subsidiary has completed initial construction of a multi-dairy anaerobic digester to process waste from approximately 14,000 dairy cows in Merced County, California. The multi-dairy digester is expected to begin operations by year-end 2024 and produce more than 200,000 MMBtu per year of renewable natural gas. The project is connected to the 36-mile Aemetis biogas pipeline. Currently, Aemetis generates biogas from anaerobic digesters fed by ten dairies, producing approximately 300,000 MMBtu per year of RNG. After completion of the multi-dairy digester and two other digesters, Aemetis will be producing approximately 550,000 MMBtu of RNG per year from 16 dairies. Aemetis Biogas expects to add an additional 27 dairies to its biogas portfolio. When fully operational, the dairies in the Aemetis Biogas Central Dairy Project are expected to generate more than 1.6 million MMBtu per year of RNG and annual revenues of $250M.
|
GAME | Hot Stocks08:26 EDT GameSquare's Zoned signs retainer deal with Clout - Zoned announced a new partnership with Clout, a platform for esports enthusiasts. The expansive partnership includes a six-figure retainer deal, with opportunities for future expansion and renewal. Today's announcement arrives alongside the launch of Clout's revitalized platform offerings and new best-in-class features. Clout is a platform designed for esports fans to participate in free-to-play contests, earn XP, and receive exclusive rewards on its Marketplace. Through Clout, users can predict team and player outcomes, play friendly pick'ems and minigames, track their results in real-time, and redeem unique prizes. The partnership between Zoned and Clout aims to further enhance user engagement and introduce new gamified experiences for the esports community.
|
MDAI | Hot Stocks08:26 EDT Spectral AI completes proof of concept for wound measurement technology - Spectral AI completed a proof-of-concept module of its wound measurement technology that calculates the total body surface area of a burn. This technology, which is currently integrated into the company's DeepView System for burn indication, provides a fast, standardized measurement that the company believes is a significant improvement over current wound size measurement technology and can improve patient treatment decisions. Spectral AI's proprietary wound measurement technology utilizes the same image capture produced by DeepView AI-Burn that provides an immediate, binary assessment of a burn wound's healing trajectory to also deliver distance, area and volume measurements with sub-millimetric accuracy.
|
PCRX | Hot Stocks08:24 EDT Pacira announces product-specific J-Code for EXPAREL effective Jan. 1 - Pacira BioSciences announced that the Centers for Medicare and Medicaid Services has established a permanent product-specific Healthcare Common Procedure Coding System J-code for EXPAREL. The new J-code for EXPAREL, J0666, becomes effective January 1, 2025, and will supersede the current C-code, which has been in place since 2019. In addition to the separate CMS reimbursement EXPAREL will receive in outpatient settings with the implementation of NOPAIN in January 2025, this new J-code will also provide reimbursement when EXPAREL is used in the office setting and for office-based surgeries.
|
ASST | Hot Stocks08:24 EDT Asset Entities selected by Maxx Talent Awards - Asset Entities announced that Maxx Talent Awards, a platform for showcasing the talents of aspiring actors, models, and singers, has selected the company to design, develop, and manage its server on the Discord social community platform. The Maxx Talent Awards offers actors, models, singers, and other performers the opportunity to showcase their abilities for top Hollywood agents, modeling agencies, and other industry professionals. Maxx Talent currently operates showcases in Salt Lake City, Utah but, with this agreement, seeks to open a digital showcase in the near future.
|
BTOC | Hot Stocks08:23 EDT Armlogi Holding announces adoption of PortPro software - Armlogi announced its adoption of PortPro, a transportation management software. Armlogi's trucking department has started utilizing PortPro. PortPro has been recognized for its high performance and ease of use, particularly in the drayage industry. PortPro's intuitive system is anticipated to enable Armlogi to efficiently manage day-to-day loads, while handling reporting and billing. Incorporating PortPro is part of Armlogi's ongoing strategy to utilize cutting-edge technology to provide innovative logistics solutions, ensuring client satisfaction.
|
GRFS | Hot Stocks08:22 EDT Grifols subsidiary GigaGen awarded U.S. BARDA contract - Grifols subsidiary GigaGen, a biotechnology company advancing transformative antibody drugs for immunodeficiencies, infectious diseases and checkpoint-resistant cancers, has been awarded a contract by the Biomedical Advanced Research and Development Authority - BARDA -, part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services. The award, valued at up to $135.2M, is to develop a recombinant polyclonal antibody therapy for botulinum neurotoxins and a second biothreat of interest to the agency that will be determined at a later time. The BARDA project builds upon GigaGen's contract awarded by the U.S. DOD Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense in 2022. The BARDA project will support the manufacturing and initial clinical development of a drug product that targets all seven BoNT variants. BoNT, one of the most toxic biological substances, is produced by the bacterium Clostridium botulinum and can cause progressive muscle paralysis from the head to the rest of the body, which can be fatal if left untreated. GigaGen recently received clearance from the FDA for its IND application to initiate a Phase 1 clinical trial of GIGA-2339, the company's candidate for the treatment of HBV infection. The company anticipates initiating the trial in Q4.
|
RKNEF | Hot Stocks08:20 EDT Optiva, Omantel complete digital transformation project - Omantel and Optiva completed one of the most complex real-time rating and charging transformation projects to date. In partnership, Omantel and Optiva have seamlessly upgraded and migrated over 200 Omantel products and services across all business lines to Optiva's convergent charging engine, hosted on Omantel's private cloud. This upgrade enables the implementation of innovative use cases for both consumer and enterprise segments, powered by GenAI and 5G technologies. As part of its commitment to advancing Oman's digital society, Omantel continues to adopt cutting-edge solutions. Optiva's cloud-native convergent charging solution, which includes real-time rating, charging and payment capabilities, plays a key role in Omantel's strategy to deliver innovative services to more than three million customers, while enhancing the overall digital customer experience.
|
LDTC | Hot Stocks08:19 EDT LeddarTech showcases LeddarVision as AutoSens Europe - LeddarTech Holdings highlights the critical contributions of Texas Instruments and Arm in enhancing its groundbreaking LeddarVision products. Customers are invited to experience the future of automotive innovation with LeddarTech's LeddarNavigator demonstrator at AutoSens Europe. This state-of-the-art showcase demonstrates the company's advanced AI-based sensor fusion and perception software, LeddarVision, and underscores the transformative power of industry-leading processor technology. Enabled by Texas Instruments' TDA4VE-Q1 processor and seamlessly integrating Arm's automotive processors, this software technology sets a new standard in performance and capability.
|
IMMP | Hot Stocks08:18 EDT Immutep completes enrolment in Phase 2 trial of AIPAC-003 in breast cancer - Immutep announced patient enrolment has been completed in the randomised Phase II portion of the AIPAC-003 clinical trial. The Phase II enrolled 65 metastatic breast cancer patients who exhausted endocrine therapy. Patients across 22 clinical sites in Europe and the U.S. have been randomised 1:1 to receive eftilagimod alpha in combination with paclitaxel to determine the optimal biological dose consistent with the FDA's Project Optimus initiative.
|
BNGO | Hot Stocks08:17 EDT Bionano Genomics adjourns Special Meeting of Stockholders - Bionano Genomics has adjourned its Special Meeting of Stockholders held on October 2, 2024 because a quorum was not present at the time of meeting. Based on preliminary reports as of October 2, 2024, only 22.5% of total shares outstanding as of the record date have submitted their votes, whereas 33.3% of total shares outstanding as of the record date are necessary to satisfy the quorum requirements for a meeting. Based on the preliminary reports from the votes submitted as of October 2, 2024, approximately 74.5% of votes represented in person or by proxy at the Special Meeting were voted "For" the proposal. The Special Meeting will reconvene at 10 a.m. Pacific Time on October 30, 2024. Voting polls will remain open until 11:59 p.m. Eastern Time on October 29, 2024. Proxies previously submitted in respect of the Special Meeting will be voted at the reconvened Special Meeting unless properly revoked, and stockholders who have previously submitted a proxy or otherwise voted need not take any action.
|
AREB | Hot Stocks08:16 EDT American Rebel ships initial order of 'Tall Boy' cans to Best Brands - American Rebel Holdings announced they received, shipped and delivered the initial order of American Rebel Light Lager in 12oz and 16oz "Tall Boy" cans to Best Brands Incorporated, based in Nashville, Tennessee. Best Brands has a product portfolio that services all the major Tennessee markets including Nashville, Memphis, Knoxville and Chattanooga and will be primarily focused on expansion of American Rebel Light Beer in on and off premise accounts throughout the state of Tennessee with an initial focus on servicing the leading on-premise bars, restaurants and entertainment venues in Nashville, the home of American Rebel and Best Brands. American Rebel Beer and Best Brands have lined up multiple commitments in advance from several of the iconic bars in the Nashville Entertainment and Broadway districts.
|
TOVX | Hot Stocks08:15 EDT Theriva Biologics' SYN-004 receives positive DSMC review in Phase 1/2 trial - Theriva Biologics announced a positive outcome from the Data and Safety Monitoring Committee - DSMC - review of results from the second Cohort of its Phase 1b/2a clinical trial of SYN-004 - ribaxamase - in allogeneic hematopoietic cell transplant - HCT - recipients for the prevention of acute graft-versus-host-disease, or aGVHD. The study is ongoing and remains blinded; however, key findings from blinded data for Cohort 2 included: no adverse events were determined by the investigators to be related to study drug treatment; a total of 15 SAEs were reported among 10 patients; no patients died within the 30-day follow-up period after the last dose of study drug; 1 patient died 95 days and another 211 days after the last dose of study drug due to cancer relapse and pneumonia respectively. Consistent with the findings from Cohort 1 and previous studies of SYN-004 in healthy volunteers, no patient blood samples were positive for SYN-004 at any timepoint. The pharmacokinetics of piperacillin, which can be metabolized by SYN-004, were as expected for this patient population. Based on a review of the safety and pharmacokinetic data, the DSMC has recommended that the study proceed to enroll Cohort 3.
|
ICAD | Hot Stocks08:15 EDT iCAD highlights global availability of ProFound Cloud at JFR 2024 - iCAD announced its participation in the 72nd edition of the Journees Francophones de Radiologie 2024 Meeting, taking place from October 4-7 in Paris, France. At JFR, iCAD will premier ProFound Cloud, a secure, scalable SaaS platform designed to deliver the company's advanced AI solutions to healthcare providers worldwide. In its first two full quarters of U.S. availability, ProFound Cloud has processed nearly 100,000 cases, demonstrating rapid early adoption. Achieving processing speeds more than 50% faster than many traditional on-premises solutions, the ProFound Cloud is an efficient solution for deploying the ProFound AI Suite. With recent global distribution partnerships and regulatory clearances, the availability of Profound Cloud is expanding around the globe. The launch of its new Cloud platform represents a key milestone in iCAD's global expansion. Over the past quarter, iCAD has made significant progress across three key areas-strengthening partnerships, securing new regulatory clearances, and expanding its AI capabilities: Global Distribution Partnerships: iCAD has forged new commercial distribution alliances in countries such as Dominican Republic, France, Spain, Turkey, United Arab Emirates and with leading healthcare technology companies, including Tamer, Ozel and deepc, expanding the availability of its ProFound AI solutions globally. Regulatory Clearances in Key Markets: In line with its global growth strategy, iCAD has recently received regulatory clearances for its ProFound AI platform in South Africa and the United Arab Emirates. ProFound Cloud Expansion: Built on Google Cloud Platform, ProFound Cloud provides a scalable, secure, and affordable platform for healthcare providers to access iCAD's AI-driven breast health technologies. The platform offers continuous updates and improved operational efficiency, making it a versatile solution for institutions of all sizes.
|
PHUN | Hot Stocks08:13 EDT Phunware to showcase mobile first conference event solution at IMEX, G2E - Phunware will introduce a fully-customizable and configurable mobile solution for events during the IMEX America and Global Gaming Expo in Las Vegas, October 7-10. Phunware is scheduling demos of its latest app offerings for attendees of the simultaneous trade shows. The Conference Event Solution features are designed to ensure events run smoothly while keeping attendees and guests fully engaged. The solution advances many in-demand tools for events management and gaming environments, including dynamic wayfinding, mobile engagement messaging, events scheduling, and content management. Phunware's Conference Event Solution features: Intuitive Wayfinding: Attendees can easily navigate complex venues with turn-by-turn directions, ensuring they find key sessions and exhibitor booths effortlessly. Increased Sponsor ROI: Sponsors can leverage the platform to reach attendees with location-based notifications and targeted promotions. Data-Driven Insights: Organizers gain valuable insights into attendee behavior and preferences through real-time data and analytics.
|
WKSP | Hot Stocks08:11 EDT Worksport secures first sale to federal agencies - Worksport announced the expansion of its sales to Federal Government Agencies. Worksport has established a business relationship with a major U.S. government entity, supplying its Made-in-USA AL3 Tonneau Covers for regular fleet purchases. Worksport plans to explore opportunities to introduce its forthcoming clean-tech nano-grid products to these newly established relationships. Worksport anticipates that these early sales, while not immediately impacting the company's overall revenue forecasts, represent a crucial entry point into a long-term government sales program. According to the Federal Highway Administration, there may be over 2 million pickup trucks in government and state-owned fleets.
|
GMGI | Hot Stocks08:11 EDT Golden Matrix's Meridianbet shortlisted as eligible operator in Brazil - Golden Matrix Group announced that its subsidiary, Meridian Gaming Brasil, has passed another round of Brazil's exclusive licensing process for sports betting and iGaming. As one of only 89 companies selected at the Federal level, Meridian Gaming Brasil remains well-positioned to continue operating nationwide during the adaptation period, which extends until December 31, 2024. This shortlist, released by the Brazilian Ministry of Finance, narrows the pool of companies eligible to operate in a market projected to reach around $2.2 billion in 2024. The Brazilian gambling industry is forecasted to generate $34 billion in sports betting turnover by 2028, with an onshore gross win of $2.8 billion, according to a report by the International Betting Integrity Association. This licensing process will grant GMGI's subsidiary Meridianbet nationwide access to the Brazilian market, allowing the company to tap into the country's rapidly expanding market and reach a diverse and eager audience.
|
ENPH | Hot Stocks08:10 EDT Enphase Energy launches IQ8X Microinverters in Australia - Enphase Energy announced the launch of its IQ8X Microinverters in Australia. Enphase is also pleased to announce that all IQ8 Microinverters activated starting Oct. 1, 2024 in Australia come with an industry-leading 25-year limited warranty, the longest standard residential warranty in the Australian market. IQ8X Microinverters feature a peak output AC power of 384 W, designed to support higher-powered solar modules up to 505 W DC. The microinverters can support modules with higher cell counts, such as 96-cells and 88 or 80 half-cut cells.
|
BTDR | Hot Stocks08:09 EDT Bitdeer provides September 2024 production and operations update - Bitdeer announced its unaudited mining and operations updates for September 2024. The operational update includes self-mined Bitcoin of 164 Bitcoins; in mining rig manufacturing, the Sealminer A1 mass production remains on schedule for Q4 2024 and is expected to contribute 3.4 EH/s to Bitdeer's proprietary hashrate; Seal02 chip initial tape-out wafers were received from TSMC in mid-September and will be integrated into Bitdeer's Sealminer A2 mining machines, with mass production scheduled to commence in November 2024; design of Seal03 remains on track to tape-out in Q4 2024 with a chip efficiency of 10 J/TH. TLM Group completed its feasibility assessment of Bitdeer's Massillon and Clarington/Hannibal sites in Ohio, reporting positive results regarding suitability for Tier 3 HPC/AI datacenters. The company has commenced discussions with development partners and potential end users for these sites. TLM Group's feasibility assessments of Bitdeer's other global sites is ongoing. Bitdeer AI cloud services remained near 100% average utilization for this month. Launched pilot H100 capacity in Canada. Launched AI Workflow platform, providing quick model inference capabilities. Client-hosted mining machine numbers remained steady from August, with the overall hash rate increase of 0.3 EH/s. The company expects the remaining excess capacity to be filled over the next two quarters. Construction of the Tydal, Norway, 40 MW phase 1 expansion remains on track to be energized in December 2024. Rockdale, Texas, USA, 100 MW hydro-cooling conversion is planned for phased completion between December 2024 and February 2025. Jigmeling, Bhutan, 500 MW construction remains on track with the primary substation expected to be completed by Q1 2025.
|
HBIO | Hot Stocks08:08 EDT Harvard Bioscience to showcase technologies at SfN Annual Meeting - Harvard Bioscience will be showcasing its latest product innovations at the Society for Neuroscience 2024 Annual Meeting being held October 5 - 9 in Chicago. Innovations on display include the revolutionary new Mesh MEA microelectrode array system, the SoHo implantable telemetry platform, and the VivaMARS activity monitoring system. "We are excited to bring our latest innovations to the neuroscience community at SfN 2024," said Jim Green, CEO of Harvard Bioscience. "Our new Mesh MEA, VivaMARS and SoHo telemetry platforms reflect our ongoing commitment to providing the tools and technologies needed to push the boundaries of discovery in neuroscience. The common theme with each of these technologies is that they all have been designed to enhance data quality, improve experimental outcomes, and ultimately accelerate the pace of scientific advancement."
|
HYMC | Hot Stocks08:08 EDT Hycroft Mining announces additional drill results from Hycroft Mine - Hycroft Mining Holding Corporation announces additional drill results from the 2024 exploration drill program at the Hycroft Mine, located in Nevada, a Tier-1 mining jurisdiction. Alex Davidson, Vice President, Exploration commented: "We are very pleased with the assay results from the Vortex - Camel high-grade silver dominant trend. The drilling was designed to test the west dipping low angle structures responsible for brecciation that is allowing for the significant mineralization at Vortex. This new drilling not only adds significantly to the known high-grade silver mineralization by extending Vortex to the west and south, but also vertically ties together what were previously considered to be discrete zones of high-grade. Furthermore, the drilling contributes significantly to our understanding of how these low angle structures open exploration potential to the east of the current resource."
|
EVAX | Hot Stocks08:07 EDT Evaxion Biotech announces clinical data for AI-Immunology platform - Evaxion Biotech continues to gather clinical evidence for the steady improvement of its AI-Immunology platform. The platform's precision has significantly improved between the two clinical trials with Evaxion's personalized cancer vaccine EVX-01. In the ongoing phase 2 trial, 81 out of 103 vaccine targets assessed to date triggered a tumor-specific immune response, a notable increase from the 58% observed in the phase 1 trial completed last year. The high number of immune-active vaccine targets is observed across all patients. The ability to trigger a broad and consistent tumor-specific immune response is pivotal for a vaccine's clinical efficacy and, thereby, critical for the vaccine's commercial potential and ability to address unmet medical needs. The improvement of the AI-Immunology platform's predictive capabilities results from iterative learning loops, optimization based on clinical data and the integration of novel bioinformatic and machine learning methodologies.
|
OSTX | Hot Stocks08:06 EDT OS Therapies: Last patient in OST-HER2 OS trial completes last patient visit - OS Therapies announces that the last patient enrolled in the AOST-2121 clinical trial NCT04974008 of OST-HER2 in recurred, resected Osteosarcoma OS has completed their final radiographical evaluation at 52 weeks and the treatment period for the clinical trial has now ended. The Company is preparing to request a Type C Meeting with the U.S. Food & Drug Administration FDA and to make any protocol adjustments based on FDA's recommendations. Following those adjustments, the Company will lock the clinical trial database in preparation for data analysis and topline data readout, expected to be announced in the fourth quarter of 2024...The proposed OST-HER2 mechanism of action is based on innate and adaptive immune stimulating responses activated by the Lm vector. This treatment generates T-cells that can eliminate or slow potential micro-metastases that can grow into recurrent Osteosarcoma. T-cell responses target HER2 expressed by the tumor and then kill the cell, releasing additional tumor targets. There are currently no approved adjuvant treatments for recurrent Osteosarcoma in the United States. There have not been any novel therapeutic interventions approved by the FDA in over 40 years.
|
RBBN VZ | Hot Stocks08:06 EDT Ribbon Communications appoints Townsend as CFO - Ribbon Communications (RBBN) announced the appointment of John Townsend as Executive Vice President and Chief Financial Officer, CFO, effective November 1, 2024. Townsend will succeed Miguel "Mick" Lopez who Ribbon previously announced is retiring after a short transition period. Townsend spent nine years at Verizon (VZ) as Chief Financial Officer for several organizations
|
ALLR... | Hot Stocks08:06 EDT Allarity names Jeremy Graff as president, CDO, Jose Iglesias as consultant CMO - Allarity Therapeutics (ALLR) announced several key leadership appointments to accelerate its clinical and strategic development. To further advance its clinical development efforts, Allarity has appointed Jeremy R. Graff, Ph.D., as President and Chief Development Officer. Dr. Graff, who has been a consultant to the Company since December 2023, will now take on a more formal leadership role. During his nearly 17-year tenure at Eli Lilly and Company (LLY), Dr. Graff established and led the translational oncology group, advancing 31 clinical assets in the company's oncology portfolio. In his new role at Allarity, Dr. Graff will continue to oversee the Company's clinical development programs, including the advancement of its dual PARP and Tankyrase inhibitor, stenoparib, alongside Allarity's Drug Response Predictor companion diagnostic. Additionally, Allarity announced the appointment of Jose Iglesias, M.D., as Consultant Chief Medical Officer. Dr. Iglesias, with over 35 years of global experience in the pharmaceutical industry, will significantly enhance the Company's expertise in oncology clinical development. His appointment comes as Allarity accelerates the stenoparib program's path toward regulatory approval for the treatment of advanced ovarian cancer. His career includes leadership roles at Biothera, Boston Biomedical, Celgene Corporation, and Eli Lilly and Company. In further strengthening its leadership team, Allarity has appointed Jesper Hoiland, the former President of Novo Nordisk's (NVO) U.S. operations, as a key Strategic Advisor. Mr. Hoiland's global pharmaceutical leadership experience will be instrumental in advancing the Company's strategic initiatives, particularly around the anticipated commercialization of stenoparib.
|
IAS | Hot Stocks08:05 EDT Integral Ad Science extends availability of Quality Attention product - Integral Ad Science announced the availability of its Quality Attention measurement product for publishers and sell-side platforms, SSPs. IAS Quality Attention metrics and scores, previously only available to advertisers, empower publishers with actionable insights on their inventory to improve yield optimization and drive revenue opportunities.
|
V | Hot Stocks08:04 EDT Visa introduces Visa Tokenized Asset Platform - Visa introduced the Visa Tokenized Asset Platform, or VTAP, a new product designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks. The VTAP solution is available on the Visa Developer Platform for participating financial institution partners, to create and experiment with their own fiat-backed tokens in a VTAP sandbox. Now, Visa is applying its expertise in new technologies, such as smart contracts, to enable banks to issue and transfer fiat-backed tokens over blockchain networks.
|
HALO ARGX | Hot Stocks08:03 EDT Halozyme announces expansion of global collaboration with argenx - Halozyme Therapeutics (HALO) announced that argenx (ARGX) has nominated four new targets under its global collaboration and license agreement that provides argenx exclusive access to Halozyme's ENHANZE drug delivery technology, a proprietary recombinant human hyaluronidase PH20 enzyme for rapid subcutaneous drug delivery. argenx, a global immunology company, now has exclusively licensed ENHANZE for a total of six targets, including for the neonatal Fc receptor target. VYVGART Hytrulo, argenx's branded FcRn blocker, is approved by the U.S. Food and Drug Administration for chronic inflammatory demyelinating polyneuropathy and generalized myasthenia gravis, with additional approvals granted in greater than25 countries globally for the latter indication. Under the terms of the expanded exclusive agreement, argenx will make upfront payments of $7.5 million per target nomination for a total of $30 million to Halozyme, and potential future milestone payments related to development progress, regulatory approvals, and sales attainment of up to $85 million per nominated target.
|
ZKIN | Hot Stocks08:01 EDT ZK International Group secures significant contract with Shenzhen Gas Group - ZK International Group announces that it has secured a significant contract with Shenzhen Gas Group for the Shenzhen Municipal Infrastructural Gas Pipeline Procurement Project. This project, valued at approximately $4.47 million, will involve the provision of state-of-the-art crimped carbon steel pipes and fittings for gas engineering in multi-story residential buildings across Shenzhen. With the adoption of this technology, ZK International is poised to benefit further from the ongoing infrastructure development and modernization across China's urban regions, particularly given the strong backing of Shenzhen Gas Group for the crimped carbon steel technology.
|
CURLF | Hot Stocks08:00 EDT Curaleaf continues Florida expansion with new dispensary - Curaleaf Holdings announced it has opened a new medical dispensary in Port St. Lucie, Florida. Curaleaf Port St Lucie, located at 1720 Southwest Gatlin Boulevard, Port St. Lucie, FL 34953, opens its doors to medical patients on October 3, 2024. The Company's newest dispensary brings its Florida store count to 65 locations, with 151 dispensaries total across the U.S.
|
CMRE | Hot Stocks07:56 EDT Costamare announces election of Class II directors at Annual Meeting - Costamare announced the election of two Class II directors at the Company's virtual annual meeting of stockholders held today. The elected Class II directors are Gregory Zikos and Vagn Lehd Moller who were elected to hold office for a term ending at the annual meeting of stockholders in 2027 and until their successors have been duly elected and qualified. Stockholders also ratified the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company's independent auditors for the fiscal year ending December 31, 2024.
|
ACHFF | Hot Stocks07:55 EDT Arch Biopartners closes units for debt settlement - Arch Biopartners has closed a transaction that was previously announced on September 26, 2024 to settle an aggregate total of $2,600,000 of principal plus accrued interest of $130,000 on four deferred convertible notes maturing on Sept 30, 2024. The original terms of the four Notes included settlement of the principal owing with 3,220,147 common shares priced at a weighted average of $0.81. The Company and the holder of the Notes agreed to settle the principal amount with the issuance of 1,934,524 units priced at $1.344 per unit. Each Unit is composed of one pre-paid warrant exercisable into one common share of the Company and one share purchase warrant exercisable into one common share of the Company at $1.68 per common share, on September 30, 2029, which is five years after the closing date of the settlement of the Notes. The accrued interest on the Notes, totaling $130,000 up to September 30, 2024, was settled with an additional issuance of 96,726 Units.
|
CMCXF | Hot Stocks07:54 EDT CMC Metals identifies drill targets at Amy, completes mapping at Silverknife - CMC Metals has completed a recent site visit at Amy where drill targets were identified for our proposed 2025 drill program. In addition, our geological team completed a detailed mapping and prospecting program on the Silverknife Property. Amy is a high-grade silver-lead-zinc CRD target located just 8 kilometers to the west of Coeur Mining's Silvertip mine in north-central British Columbia and is 100% owned by the Company. Historically the property has been subject to considerable exploration work including two adits with over 700 meters of development, 300,000-line feet of geochemical and geophysical surveys, 31,000 cubic feet of trenching and 10,498 feet of drilling. At the 1280-foot level, the historical adit was reported to have intersected 140 feet of highly mineralized vein material and a mineralized vein with over 10 meters in length and 1.2 meters in width that assayed 19.08 oz/t silver, 0.64% lead and 7.78% zinc. It is noted that the Company and the Qualified Person has not been able to verify these historical results so they should not be relied upon in any manner. In 2022, SRK completed a compilation of historical data for the Company that included several episodes of exploration. That review served to identify a large geochemical anomaly over 4 kilometers in strike length and 500-1300 meters in width immediately adjacent to a sediment-intrusive contact that is an ideal setting for a CRD style deposit. This large anomalous area is yet to be explored with modern exploration techniques. Recent mapping efforts by CMC have identified a massive sulphide mantle and several gossanous areas on surface just south of the 4450 level portal location that are thought to have been the target of historical drilling and adit development efforts. Samples were collected from the surface mantle as well as from the 4450 dump and have been submitted for assaying. CMC is preparing a permit application for the property which will include the reopening of former trenches and an extensive drill program proposed for the 2025 season. Our geological team also completed a 1;2,500 scale mapping effort on the Silverknife Property. Areas that encountered alteration and gossanous zones were mapped in greater detail at 1:1,000 scale. The work was completed in cooperation with Coeur Mining Inc. who own the adjacent Silvertip Mine property. Mapping efforts in the Silverknife South Zone identified the presence of fugitive calcite and zones of strong pervasive oxidation in sandstones of the Tapioca Formation. Fugitive calcite is considered to be an indicator mineral for CRD deposition. Sandstones are typically not reactive and hence are often not altered. But in the Silverknife South Zone they have been altered which suggests that alteration may also occur in the underlying limestone units. Therefore, this presents a valid target for CRD mineralization. Senior Geologist, Cesar Symonds had the opportunity to present his findings to Dr. Peter Megaw, a renowned expert on CRD deposits, who urged the Company to continue its current approach to exploration efforts on the Silverknife Property. Mapping efforts also served to confirm the presence of limestone in the Tootsee North Zone that overlie the previously identified geophysical anomaly presenting another favorable target for CRD mineralization. The property is already permitted for drilling and further work will be undertaken to pinpoint drill targets for drilling in the foreseeable future.
|
STZ STZ.B | Hot Stocks07:50 EDT Constellation Brands CFO says company 'focused on value creation efforts' - CFO Garth Hankinson said, "We achieved an important milestone of our capital allocation priorities, having reached our target ~3.0x net leverage ratio, on a comparable basis. Importantly, consistent with those same priorities, we also returned an additional ~$250M of cash to shareholders through share repurchases, while continuing to pay our dividend and advance our brewery investments. We are also pleased to be deploying incremental marketing investments in our Beer Business, as our cost savings and efficiency initiatives have delivered results above our initial expectations. All in, we continue to make progress and remain focused on value creation efforts."
|
STZ STZ.B | Hot Stocks07:46 EDT Constellation Brands CEO says 'continued to deliver strong performance' in Q2 - CEO Bill Newlands said, "While the current macroeconomic backdrop has weighed on demand for beverage alcohol - and for consumer packaged goods, more broadly - we continued to deliver strong performance in Q2 of Fiscal '25. Our company once again outperformed the dollar sales growth of the total CPG sector, and our Beer Business remained both the #1 share gainer in its category and a top 3 share gainer in the broader beverage industry. Our relentless focus on delivering top-tier growth and winning in the marketplace, as well as driving efficiencies, supported another quarter with a double-digit increase in comparable EPS, in line with our full-year outlook."
|
CNPOF CNTMF | Hot Stocks07:42 EDT RIV Capital, Cansortium announce launch of MOOD brand in New York - RIV Capital (CNPOF) and Cansortium (CNTMF) announced that the MOODS cannabis brand is now available in New York. The carefully formulated line of cannabis products is now available at the Company's Etain branded dispensaries, with additional third-party dispensary locations expected as wholesale sales have commenced.
|
SNGX | Hot Stocks07:40 EDT Soligenix enters partnership with Sterling Pharma - Soligenix announced that it has established a partnership agreement with Sterling Pharma Solutions to optimize and implement a commercially viable, scalable production technology for synthetic hypericin. Synthetic hypericin, the active ingredient in the topical drug product formulations HyBryte and SGX302 being developed for the treatment of cutaneous T-cell lymphom and psoriasis, respectively, is a potent photosensitizer that is topically applied to skin lesions. Soligenix and Sterling are currently working to transfer and optimize the manufacturing processes and analytics to enable GMP manufacturing for clinical trials with the intent of establishing a long-term commercial manufacturing collaboration.
|
NKGFF | Hot Stocks07:38 EDT Nevada King Gold identifies seven additional regional targets - Nevada King Gold announce the identification of seven additional regional targets that will be tested by the Company's upcoming Phase III drill campaign at its 5,166 hectares, 100%-owned Atlanta Gold Mine Project along the prolific Battle Mountain Trend 264km northeast of Las Vegas, Nevada. Today's targets follow the recent announcement by the Company of five high-priority regional exploration targets located north and east of the Atlanta resource
|
MRNA ALNY | Hot Stocks07:37 EDT Moderna fends off Alnylam U.S. patent suit over COVID vaccines, for now - Alnylam (ALNY) told U.S. District Judge Colm Connolly in a filing in the U.S. District Court for the District of Delaware on Wednesday that the company could not win its case that accused Moderna's (MRNA) blockbuster COVID-19 vaccines of infringing one of its patents after the judge interpreted part of the patent in a way that favored Moderna. The companies jointly asked the court to dismiss the case without prejudice, which would allow Alnylam to refile the lawsuit if an appeals court disagrees with Connolly's interpretation. Reference Link
|
BBIO | Hot Stocks07:36 EDT BridgeBio presenting results of Phase 3 study of acoramidis in ATTR-CM - BridgeBio Pharma announced that outcomes data through 42 months from the ongoing long-term open-label extension of ATTRibute-CM, its Phase 3 study of acoramidis in ATTR-CM, will be shared in a featured science oral presentation at the American Heart Association Scientific Sessions taking place in Chicago on November 16 - 18. In addition to the presentation, BridgeBio was selected to share three posters in moderated poster sessions on ATTR-CM.
|
ELAB | Hot Stocks07:34 EDT Elevai Labs files two patent applications for EL-22 in muscle loss - Elevai Labs filed two novel patent applications for its lead candidate, EL-22, aimed at treating muscle loss in obese patients. These patent applications cover both standalone and combination therapies using EL-22 alongside GLP-1 receptor agonists, marking a significant advancement in obesity treatment. The newly filed patent applications support the development of EL-22, an engineered probiotic expressing myostatin, designed to revolutionize obesity care by preserving muscle mass while reducing fat mass. EL-22 has successfully completed a Phase 1 clinical trial in South Korea, demonstrating safety and tolerability in healthy volunteers. Elevai now plans to assess the efficacy of EL-22 in combination with leading weight-loss therapies to address muscle wasting-a common side effect of GLP-1 medications-while promoting fat loss. Elevai Biosciences' patent portfolio now includes 4 patent applications and 5 issued patents that provide adequate protection in focus markets, including the USA, Japan, China and Korea.
|
NNDM DM | Hot Stocks07:32 EDT Desktop Metal shareholders approve merger agreement with Nano Dimension - Nano Dimension (NNDM) and Desktop Metal (DM) jointly announced that, at a special meeting, Desktop Metal stockholders approved the merger agreement pursuant to which Desktop Metal would be acquired by Nano Dimension. Of approximately 33M outstanding DM shares, 60% were voted in favor of the approval of the merger agreement between Desktop Metal and Nano Dimension. Out of the total shares participating in the vote, greater than 96% of votes were cast in favor of the merger. DM stockholder approval completes a critical requirement in the process of closing the transaction. While there are still some required regulatory approvals, the transaction is expected to close in the fourth quarter of 2024.
|
LEGN | Hot Stocks07:32 EDT Legend Biotech to open cell therapy R&D facility in Philadelphia - Legend Biotech is establishing a new research and development facility in Philadelphia, Pennsylvania, to advance its portfolio of next-generation cell therapies. The new Philadelphia facility adds to Legend's existing global R&D organization, which encompasses more than 350 employees across the globe. The 31,000-square-foot facility at 2300 Market Street is expected to be complete in Q3 of 2025. Legend, which has over 1,200 employees in the U.S., anticipates 55 full-time employees will eventually be based in the Philadelphia facility. This expansion builds on Legend's existing R&D footprint in the U.S., including a facility in Piscataway, New Jersey.
|
THR | Hot Stocks07:23 EDT Thermon Group acquires Fabbrica Apparecchiature Termoelettriche for EUR 12.5M - Thermon Group announced the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali, a manufacturer of electric heaters for industrial applications, based in Milan, Italy. F.A.T.I. is a leading designer and manufacturer of electrical heaters and heating systems for a broad range of industrial end markets, including oil & gas, pharmaceutical, renewables, nuclear and HVAC. Since its founding nearly 80 years ago, F.A.T.I. has built a high-quality portfolio of technologically advanced and reliable solutions for the industrial electric heating market that are available in over 30 countries around the globe. F.A.T.I. realized revenue of over 12 million euro in the calendar year ended December 31, 2023. The purchase price of 12.5 million euro, subject to customary adjustments, was funded with cash on hand.
|
SMX | Hot Stocks07:21 EDT SMX, FinGo enter collaboration mandate to develop 'Phyiscal to Digital' platform - SMX announces its collaboration mandate with Sthaler Ltd, which markets FinGo. Together, they are developing a centralized reporting platform that will authenticate and ensure transparency from the source - whether it be a field, mine, or farm - through the entire supply chain for Natural Rubber, Commodities, Food, and Mining industries. SMX believes the global marketplace is becoming increasingly complex, and businesses face rising pressure to comply with stringent environmental, social, and governance regulations. This pressure could result in companies ensuring that their supply chains are ethical, compliant with government regulations, and able to report data accurately in real time. This collaboration mandate, the first step in a planned broader relationship between SMX and Sthaler, is meant to address the complex challenges faced by multinational corporations in meeting ESG compliance and reporting requirements, specifically those related to: Ethical sourcing of materials; Child labour, conflict minerals; Use of chemicals and pesticides; Location identification of farms and farmers; EU Deforestation Regulation reporting compliance. This collaboration mandate, which runs on a three month review cycle, is expected to mark a transition from manual and paper-based auditing to real-time digital reporting, reducing compliance and audit costs, lowering reputational risks, and enhancing overall productivity across supply chain operations. In addition, it is expected to offer a practical, scalable, and commercially viable solution to modern supply chain challenges. Additionally, it is expected that the platform will also facilitate enhanced visibility and reporting, assisting businesses in complying with regulations like EUDR.
|
NFYEF | Hot Stocks07:17 EDT NFI Group subsidiary Alexander Dennis announces 32 Enviro100EV - NFI Group subsidiary Alexander Dennis announced that Go-Ahead Group subsidiary Go-Ahead London has ordered 32 Enviro100EV small electric buses in the second deal with an operator in the capital for the manufacturer's electric buses. The buses will be used on Transport for London services. Alexander Dennis expects to deliver these vehicles in early 2025.
|
EUMNF | Hot Stocks07:17 EDT Euro Manganese names Ludivine Wouters as non-executive director - Euro Manganese announced the appointment of Ms. Ludivine Wouters as a non-executive Director to the Board of Directors of the Company, effective October 2, 2024. As previously announced, Ms. Wouters' official appointment follows her successful acquisition of a Director Identification Number from the Australian Business Registry Services.
|
MBXBF | Hot Stocks07:15 EDT Microbix Biosystems achieves EU regulatory accreditations - Microbix Biosystems has upgraded its European Union regulatory compliance for its diagnostic assay quality assessment products. Specifically, Microbix has obtained recognition of its quality management system compliance with the EU In Vitro Diagnostics Regulation and Conformite Europeenne Certification for an initial portfolio of 11 REDx QAPs - two essential regulatory achievements in order for Microbix to have complete access to EU-regulated markets and fully serve its customers. IVDR came into force in 2022 and greatly increases the burden on makers of diagnostic assays and related medical devices to demonstrate the safety, efficacy, and consistency of their products. While a transition period exists for "Legacy Devices" that entered the EU market prior to 2022, no new regulated products can be sold in the EU unless their makers first achieve IVDR compliance and CE Certification. Accordingly, Microbix has considered it essential to meet these new and challenging regulatory requirements. Microbix has now achieved its EU Quality Management System Certificate for IVDR and CE Certification for an initial portfolio of 11 of its REDx brand QAPs. This achievement follows the careful evaluation of the products and an audit of Microbix's systems and facilities - both conducted by a "Notified Body" agency to which the EU has delegated authority for IVDR and CE certifications.
|
XTRAF | Hot Stocks07:14 EDT Xtract One selected by the NBA's Cleveland Cavaliers for venue admission - Xtract One's SmartGateway has been selected to protect all entrances at Rocket Mortgage FieldHouse as a result of the company's partnership with the Cleveland Cavaliers of the National Basketball Association. Installation was completed during Q2. Rocket Mortgage FieldHouse, home to the Cavaliers, is a sports and entertainment venue located in the heart of downtown Cleveland. SmartGateway will aim to eliminate long entry lines. SmartGateway is an AI-powered patron screening solution tailored for large, ticketed venues, designed to improve entry efficiency and detect threats. SmartGateway unobtrusively scans patrons for weapons and other prohibited items as they walk through, eliminating the need to empty pockets.
|
TLPPF | Hot Stocks07:13 EDT Telix Pharmaceuticals announces first patient dosed in Phase II CA-NINE trial - Telix Pharmaceuticals announces that the first patient has been dosed in a Phase II trial exploring the clinical utility of Telix's first-in-class investigational PET1 agent, TLX250-CDx in recurrent clear cell renal cell carcinoma after surgery. 'CA-NINE'2 - led by Professor Brian Shuch at University of California, Los Angeles - is a Phase II prospective, single-centre trial comparing the diagnostic performance of TLX250-CDx PET/CT3 to conventional imaging in 91 patients with intermediate-to-high risk ccRCC post-surgery. The investigator-initiated trial is designed to identify ccRCC where it has recurred, including metastatic disease, and is one of multiple trials either underway or planned, which may inform future label expansion for TLX250-CDx.
|
HROW | Hot Stocks07:13 EDT Harrow announces relaunch of TRIESENCE for vitrectomy visualization, inflamation - Harrow (HROW) announced the relaunch of TRIESENCE, triamcinolone acetonide injectable suspension, 40 mg/mL, a preservative-free synthetic corticosteroid that is approved by the U.S. Food and Drug Administration FDA for visualization during vitrectomy and for the treatment of ocular inflammatory conditions that are unresponsive to topical corticosteroids. In commenting on the announcement, Mark L. Baum, Chairman and Chief Executive Officer of Harrow, said, "We are very excited to have brought TRIESENCE back to the U.S. market, providing ophthalmologists access to a trusted FDA-approved product that has benefited millions of Americans. Accomplishing this required rebuilding the entire TRIESENCE supply chain and involved a global collaboration between Harrow and technical experts from our partners around the world. We are grateful for this team's dedication and commitment, without which we would not have achieved this success."
|
HHH | Hot Stocks07:11 EDT Howard Hughes celebrates groundbreaking of The Ritz-Carlton Residences - Howard Hughes Holdings broke ground yesterday on The Ritz-Carlton Residences, The Woodlands, the new luxury condominium project designed by Robert A.M. Stern Architects in the acclaimed Howard Hughes community of The Woodlands. Situated on the last available large-scale residential site on Lake Woodlands, The Ritz-Carlton Residences are designed to provide a personalized and intimate residential experience that sets a new standard for luxury living in Texas. Located 27 miles north of Downtown Houston in a community that is consistently ranked one of the best places to live in America, The Ritz-Carlton Residences has experienced unprecedented sales momentum since being announced earlier this year, with 69% of the homes pre-sold.
|
IONS | Hot Stocks07:11 EDT Ionis Pharmaceuticals to present data on donidalorsen at ACAAI - Ionis Pharmaceuticals announced that it will present new three-year data from the Phase 2 open-label extension study as well as additional results from the pivotal Phase 3 OASIS and OASISplus studies of donidalorsen, the company's investigational RNA-targeted prophylactic medicine for hereditary angioedema. Results will be presented at the 2024 American College of Allergy, Asthma & Immunology, ACAAI, Annual Scientific Meeting in Boston, Massachusetts.
|
BTTR | Hot Stocks07:10 EDT Better Choice Company, SRx Health to host shareholder update call on Oct. 15 - Better Choice Company announced that management, along with the SRx Health Solutions team, will host a shareholder update call on Tuesday, October 15, 2024 at 4:30 PM Eastern Time. In early September 2024, Better Choice announced the signing of a definitive agreement to acquire SRx Health in an all-stock transaction for approximately $125 million. SRx Health operates one of the largest specialty pharmacy networks in Canada with 35 specialty pharmacy locations, 40 specialty health/infusion clinics, 4 clinical trial sites and 2 wholesale distribution facilities. SRx Health is only one of a few specialty pharma operators in Canada with a network that extends across Canada, making it one of the most accessible providers of specialty healthcare in the country. SRx Health in 2023 generated C$161.5 million in revenue and recently announced an increase of over 20% year-over-year to over C$200 million for the fiscal year ending September 30, 2024. SRx Health management expects revenue for fiscal year 2025 to similarly increase over 20% year-over-year. During the shareholder update call the management teams of both companies will provide the investment community with an update on the transaction, which is expected to close in the coming months.
|
BBW | Hot Stocks07:10 EDT Build-A-Bear announces collaboration with Varsity Brands - Build-A-Bear Workshop announces a collaboration with Varsity Brands through its Varsity Spirit division, the global leader in cheerleading, dance team, and band apparel, camps, competitions and yearbooks. "This relationship is about much more than licensed products," said Sharon Price John, President and CEO of Build-A-Bear Workshop. "It taps into the growing energy and strong culture of the sport of cheerleading. By blending Build-A-Bear's personalized experience with Varsity Spirit's vibrant community, we're offering fans and squads something truly memorable - a chance to celebrate what they love while strengthening connections and celebrating team spirit."
|
DLTR CART | Hot Stocks07:09 EDT Family Dollar teams up with Instacart to accept SNAP/EBT online - Family Dollar (DLTR) has teamed up with Instacart (CART), the leading grocery technology company in North America, to accept Supplemental Nutrition Assistance Program's Electronic Benefit Transfer SNAP/EBT payments for online orders. "Family Dollar takes great pride in delivering quality and value on family essentials through our convenient locations across the country," said Larry Gatta, Chief Merchandising Officer for Family Dollar. "Now, through our Instacart partnership, that convenience extends even further to our customers with same-day delivery on SNAP-eligible items." "Instacart is committed to offering SNAP families nationwide the best online selection to shop with their benefits," said Sarah Mastrorocco, Vice President and General Manager of Health at Instacart. "Now, nearly 98% of SNAP households can shop for groceries and essentials on Instacart with fast, same-day delivery. By expanding our partnerships with retailers like Family Dollar, we're making it easier for families to get what they need from their preferred stores." Before this collaboration, Family Dollar stores accepted SNAP/EBT payments from customers in-person. Now, through Instacart, customers can use the newly accepted payment method to purchase SNAP-eligible items on Family Dollar's mobile app and storefront page. Customers can also shop using SNAP/EBT payments on the Family Dollar storefront on the Instacart app and website. Instacart delivers directly to customers' doorsteps, bringing a new level of convenience to the Family Dollar shopping experience.
|
TUSK | Hot Stocks07:09 EDT Mammoth Energy announces payoff, termination of term credit facility - Mammoth Energy Services announced the payoff and termination of its term credit facility with Wexford Capital LP. On October 2, 2024, the Company used a portion of the proceeds received from the first installment payment from the previously disclosed settlement agreement with the Puerto Rico Electric Power Authority to pay off all outstanding amounts under its term credit facility, including accrued and unpaid interest, in the aggregate amount of $50.9 million, and terminated the facility. Mark Layton, Chief Financial Officer, commented, "We are excited to announce the payoff and termination of our term credit facility and are now debt free. In connection with the debt payoff, our board of directors has authorized an increase in our 2024 capital expenditure budget to $23 million, representing an increase of $11 million from our previously announced capex guidance. Of the $11 million increase, we plan to use $6 million to grow and add crews in our infrastructure division and $5 million for maintenance to our current infrastructure fleet."
|
PLYM | Hot Stocks07:08 EDT Plymouth Industrial REIT provides activity update for Q3 - Plymouth Industrial REIT provided an activity update for Q3. CEO Jeff Witherell noted, "We have addressed 74% of our 2024 lease expirations and 39% of our 2025 lease expirations, while bringing the development program to 100% leased. We are seeing encouraging activity on our top leasing opportunities in our largest markets and expect to report additional progress during the balance of the year." Leases commencing during Q3 totaled an aggregate of 1,095,115 square feet, all of which have terms of at least six months. These leases included 598,858 square feet of renewal leases and 496,257 square feet of new leases. Rental rates under these leases reflect a 12.2% increase on a cash basis with renewal leases reflecting a 9.1% increase on a cash basis and new leases reflecting a 15.7% increase on a cash basis. Total portfolio occupancy at September 30, 2024 was 94.2%. Same store occupancy at September 30, 2024 was 97.5%. The final project in the first phase of Plymouth's development program, a 52,920-square-foot, fully leased building in Jacksonville, is expected to come online in November 2024. The lease will bring both this property and the entire development program to 100% leased. During the quarter, Plymouth acquired a 1,621,241-square-foot portfolio of industrial properties located across the Southeast and Northeast submarkets of Memphis, Tennessee. The purchase price of $100.5M equates to an initial NOI yield of 8.0%. Existing contract rents are below market consistent with the Company's targeted mark-to-market range of 18% to 20%.Plymouth completed the sale of its industrial property in Columbus, Ohio, to the tenant for approximately $21.1M in net proceeds. The company is currently working to close its joint venture with Sixth Street relating to 34 of Plymouth's properties totaling approximately 5.9 million square feet in the Chicago area. The closing of the joint venture is expected in mid-November.
|
VVV | Hot Stocks07:08 EDT Valvoline achieves milestone of opening 2,000th location - Valvoline announces that in September it opened its 2,000th location under the Valvoline Instant Oil ChangeSM and Great Canadian Oil Change brands. This advances the Company's efforts to expand its network of services centers to 3,500 in the United States and Canada.
|
APGOF | Hot Stocks07:08 EDT Apollo Silver names Amandip Singh as VP, corporate development - The Company announced the the appointment of Amandip Singh as Vice President, Corporate Development. Mr. Singh is a geologist and mining professional with over 15 years of experience in the mining industry, finance and academia. Most recently he was Vice President, Corporate Development for West Red Lake Gold Mines
|
RNA | Hot Stocks07:07 EDT Avidity announces FDA removed partial clinical hold on Delpacibart Etedesiran - Avidity Biosciences announced that the U.S. Food and Drug Administration, FDA, has removed the partial clinical hold on delpacibart etedesiran, an investigational treatment designed to address the root cause of myotonic dystrophy type 1.
|
APGOF | Hot Stocks07:07 EDT Apollo Silver appoints Alex Tsakumis to board of directors - The Company announced the appointment of Alex Tsakumis to its Board of Directors. Tsakumis is currently the interim CEO and a director of American Lithium Corp.
|
ZVIA | Hot Stocks07:06 EDT Zevia regains compliance with NYSE Mminimum price requirement - Zevia PBC announced that it received a notice from the New York Stock Exchange on October 1, 2024 that the Company has regained compliance with the minimum stock price continued listing standard set forth in Section 802.01C of the NYSE Listed Company Manual. The Company previously received a noncompliance notice from the NYSE on June 26, 2024, because the average closing price of the Company's Class A common stock had been less than $1.00 per share over a consecutive 30 trading-day period. On September 30 the Company's Class A common stock closed above $1.00 and had an average closing share price of at least $1.00 over the prior 30 trading-day period.
|
CAG | Hot Stocks07:06 EDT Swiss Miss, Hotel Tango Distillery collaborate to create marshmallow bourbon - Swiss Miss, a brand of Conagra Brands, has partnered with Hotel Tango Distillery to introduce Swiss Miss 'Shmallow, the perfect whiskey for your winter festivities. The toasted marshmallow and cocoa-infused bourbon combines the flavor of Swiss Miss hot cocoa with bourbon.
|
APGOF | Hot Stocks07:06 EDT Apollo Silver announces 5-to-1 share consolidation - Following closing of the Offering, the Company intends to consolidate its issued and outstanding Shares at a ratio of five (5) pre-Consolidation Shares to one post-Consolidation Share. Prior to the Consolidation, and assuming completion of the Offering, the Company is expected to have 224,693,729 Shares issued and outstanding. Following the Consolidation, the Company will have approximately 44,938,746 Shares issued and outstanding.
|
GNL | Hot Stocks07:05 EDT Bellevue Capital Partners buys additional 100,000 shares Global Net Lease - Bellevue Capital Partners is pleased to announce the acquisition of an additional 100,000 shares of GNL. This strategic investment underscores Bellevue Capital Partners' confidence in the company's management and its ongoing commitment to maximizing shareholder value. Bellevue Capital Partners is pleased with GNL's recent communications regarding its strategic disposition plan, which includes the previously announced $854M in asset sales this year at a cap rate of 7.2%. The sale of assets at such a favorable cap rate demonstrates GNL's ability to navigate market conditions effectively and is a clear testament to the strength of GNL's management team. The lower disposition cap rate, compared to the implied cap rate for GNL, informs our strong belief in the company's vision and strategic direction. As one of GNL's largest shareholders, Bellevue Capital Partners remains committed to supporting management in its efforts to drive performance and create value.
|
ENB BP | Hot Stocks07:05 EDT Enbridge sanctions pipelines to support bp project - Enbridge announced that it will build, own, and operate crude oil and natural gas pipelines in the U.S. Gulf of Mexico for the recently sanctioned Kaskida development, operated by BP Exploration & Production Company (BP). The crude oil pipeline, named the Canyon Oil Pipeline System, will be a combination of 24" and 26" pipe with capacity of 200,000 barrels per day. It will originate in the Keathley Canyon area and deliver crude to the existing Green Canyon 19 platform, operated by Shell Pipeline Company LP for ultimate delivery to the Louisiana market.
|
ALDX | Hot Stocks07:04 EDT Aldeyra resubmits topical ocular reproxalap NDA to FDA - Aldeyra announced the resubmission of a new drug application, or NDA, to the FDA for topical ocular reproxalap, an investigational new drug candidate, for the treatment of signs and symptoms of dry eye disease. The resubmission includes previously disclosed positive results from a recently completed dry eye disease symptom trial requested by the FDA following review of the previously submitted NDA, as well as a draft label reflecting acute activity in reducing dry eye symptoms in a dry eye chamber trial, chronic activity in reducing dry eye symptoms in a field trial, and acute activity in reducing ocular redness in two dry eye chamber trials. In August, Aldeyra announced the achievement of the primary endpoint in a Phase 3 randomized, double-masked, vehicle-controlled dry eye chamber clinical trial of reproxalap in patients with dry eye disease. Reproxalap was statistically superior to vehicle for the prespecified primary endpoint of ocular discomfort, an FDA-accepted symptom of dry eye disease. To Aldeyra's knowledge, the results represented the first positive Phase 3 clinical trial in a dry eye chamber with a symptom as a primary endpoint, and Aldeyra believes that results are supportive of the potential rapid clinical effect of reproxalap on reducing the ocular discomfort associated with dry eye disease. The Prescription Drug User Fee Act target guidelines for NDA resubmissions include acknowledgment of acceptance for review within 30 days of submission, and completion of submission review within six months.
|
GDTC | Hot Stocks07:04 EDT Cytomed Therapeutics acquires assets and license of Malaysian cord blood bank - CytoMed Therapeutics has through its subsidiary, IPSC Depository, acquired the license and certain assets of Cellsafe International, a Malaysian cord blood bank. The acquisition includes a cord blood banking licence issued by Malaysia's Ministry of Health, cryopreservation equipment with more than 12,000 cord blood units and two freehold real estate properties totalling 189 square metres in which the operation is situated. This new biotechnology arm will be undertaken through CytoMed's subsidiary, LongevityBank. The latter is the holding company of IPSC Depository which holds the cord blood banking licence issued by the Ministry of Health, Malaysia. Cord blood has emerged as a valuable raw material with significant therapeutic potential in cell therapies. However, cord blood is a rare and expensive resource. The company will be inviting experts in longevity field to join its board of directors or as advisers as it seeks to develop and grow this subsidiary as a specialised umbilical cord blood-derived cell therapy arm.
|
BCRX | Hot Stocks07:03 EDT BioCryst reports inducement grants under Nasdaq listing rule - BioCryst Pharmaceuticals announced that the compensation committee of BioCryst's board of directors granted 21 newly-hired employees stock options to purchase an aggregate of 71,175 shares, and restricted stock units covering an aggregate of 50,025 shares, of BioCryst common stock. The options and RSUs were granted as of September 30, 2024, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $7.60 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee's continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst's Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.
|
BOWFF | Hot Stocks07:03 EDT Boardwalk REIT provides operational update - Boardwalk REIT is providing an update highlighting the continued strong demand for affordable rental housing. The Trust's average occupied rent continues to represent exceptional value at an average of $1,485 per month for August 2024, approximately 36% below the Canadian average listing rent of $2,310 for a two-bedroom apartment unit, as per the recent Rentals.ca September 2024 Rent Report. Edmonton, the Trust's largest market, has an average listing rent for a two-bedroom apartment of $1,704, as per the same report.
|
JBL | Hot Stocks07:03 EDT Jabil acquires Mikros Technologies - Jabil announced the acquisition of Mikros Technologies completed October 1.
|
DT | Hot Stocks07:02 EDT Dynatrace completes acquisition of European Drilling Projects - Drilling Tools International announced that it has closed on its acquisition of European Drilling Projects known as ED Projects, EDP, a global provider of next-generation stabilizers, specialty reamers, and wellbore optimization technology for the drilling industry. Terms of the transaction were not disclosed.
|
FFWM | Hot Stocks07:00 EDT First Foundation announces reclassification of $1.9B of multifamily portfolio - First Foundation announced the reclassification of a portion of its multifamily portfolio totaling $1.9B principal balance from loans held to maturity to loans held for sale. "Our decision to transfer these multifamily loans to held for sale marks an important next step in the Company's strategic roadmap to fortify the balance sheet and embrace a more offensive-minded posture," said Scott Kavanaugh, CEO. "We believe this move will position the Company for a return to its historical profitability and performance levels. Based on recent Southern California-focused multifamily transactions and renewed optimism for lower rates, we expect third quarter-end fair-value pricing to surpass 92% of the $1.9 billion principal balance. While the resulting write-down to fair value will meaningfully impact third-quarter earnings and will reduce our 'as converted' tangible book value per share, we expect the move to provide the flexibility needed to work with credit-minded counterparties in exploring a variety of options for securitizing or selling the loans and maximizing final execution pricing. Given the relatively short time to repricing for this pool of loans, which is between two and a half and three years, we expect final pricing to exceed currently estimated fair values." The Company also announced that, following its Special Meeting of Stockholders held on September 30, 2024, all of the issued and outstanding shares of the Company's Series B Noncumulative Convertible Preferred Stock issued by the Company on July 8, 2024 in connection with its previously announced capital raise automatically converted into an aggregate of 14,490,000 shares of common stock, par value $0.001 per share, of the Company as of the close of business on October 2, 2024.
|
NRXP | Hot Stocks06:59 EDT NRx Pharmaceuticals subsidiary to acquire West Coast Interventional - Hope Therapeutics, a wholly-owned subsidiary of NRx Pharmaceuticals announced signing a non-binding letter of intent, or LOI, for acquisition of a West Coast Interventional Psychiatric Clinic. Importantly, as a component of the acquisition, the founder of the clinic, has agreed to join Hope as chief medical innovation officer. The clinic to be acquired will establish Hope's model for clinics operating in the company's network across the country. These treatments may include Ketamine, Spravatoa, Transcranial Magnetic Stimulation, talk therapy and other treatment options. Additionally, patients may also have access to clinical trials of new treatment modalities through these clinics.
|
USAC ET | Hot Stocks06:59 EDT USA Compression CEO Eric Long to retire, Clint Green to succeed - USA Compression Partners (USAC) announced the retirement of Eric Long, President and CEO. In connection with his retirement and the transition to the new President and CEO, Long stepped down from the position of President and CEO and as a member of the USA Compression Board of Directors effective October 2, 2024. Long will remain an employee with USA Compression in a transitory role until December 31, 2024, assisting his successor to ensure a seamless transition. Long co-founded USA Compression in 1998 and has over 40 years of experience in the oil and gas industry. Micah "Clint" Green, Senior Vice President, Construction and Project Execution for Dallas-based Energy Transfer (ET) has been appointed as President and Chief Executive Officer of USA Compression effective October 3, 2024. Green will leave his current position as Group Senior Vice President Construction and Project Execution with Energy Transfer in connection with the appointment.
|
ACM | Hot Stocks06:57 EDT Aecom selected to provide program management services for Queen Street HEIP - AECOM has been selected by Peel Region to provide program management services for the Queen Street Housing Enabling Infrastructure Program. This initiative aims to build the necessary wastewater and water linear infrastructure to support the development of housing mandated under Bill 23, which includes Ontario's goal to build 1.5 million units by 2031.The Queen Street HEIP plans to build essential infrastructure to support new housing projects, stimulate local economic growth and improve community well-being. AECOM's scope of work for the program includes planning, designing, and implementing new water and wastewater systems to ensure residents have safe and reliable drinking water and wastewater services that meet the accelerated growth and housing demands in Peel.
|
PHR | Hot Stocks06:49 EDT Phreesia collaborates with Ad Council for public healh campaigns - Phreesia has collaborated with the Ad Council to bring three public health campaigns about mental health directly to patients and caregivers. Collectively across the campaigns, Phreesia has already delivered more than 430,000 messages, helping to spread awareness about the importance of youth and adult mental wellbeing and encouraging more open conversations about mental health. Key Phreesia findings among patients and caregivers who consented to view the campaigns include: Most individuals said they plan to talk about mental health with their doctor, family or friends after viewing the campaigns. More than half of individuals said they are likely to search for additional information about mental health after viewing the campaigns.
|
IGT | Hot Stocks06:47 EDT International Game signs 10-year contract extension with NCEL - International Game announced that its subsidiary, IGT Global Solutions Corporation, signed a 10-year contract extension with the North Carolina Education Lottery, or NCEL. The contract extension will begin July 1, 2027, and run through June 2037. The NCEL has been an IGT customer since the Lottery began in 2006. Under the terms of the agreement, IGT will deploy its Aurora central system, a feature component of IGT's integrated lottery solution, Omnia. Additionally, IGT will provide upgraded Wizard back-office business applications, up to 8,500 newly launched Retailer Pro S2 terminals, 500 GameTouch 28 self-service vending machines, 2,000 lottery play centers, 4,000 Jackpot signs, a dual cellular communication network, and expanded testing capabilities for the NCEL.
|
SKVI | Hot Stocks06:45 EDT Skinvisible announces article on transdermal obesity formulation development - Skinvisible announced the publication of an article highlighting the Company's innovative development of transdermal delivery of glucose-controlling agents using its proprietary delivery system Invisicare. The article, titled "Advancements in Transdermal Delivery Systems: A Focus on Invisicare Technology for Obesity Treatment," was published in Drug Development & Delivery in its October issue. "The data published in Drug Development & Delivery demonstrates that our Invisicare based transdermal formulation of a GLP-1 active, showed significant transdermal delivery over a six-hour period," said James Roszell, PhD, Skinvisible's Head of R&D. "The Company continues to work on other GLP-1 agonists and CB-1 antagonists, as these findings suggest that our Invisicare transdermal platform could open the door to a non-invasive approach to delivering obesity and/or glucose-controlling agents." Key benefits of Invisicare transdermal obesity formulations: Invisicare technology; a polymer delivery vehicle does not require a patch or needles for transdermal delivery; The Company previously announced it has filed two provisional patent applications covering formulations that leverage Invisicare for the transdermal administration of glucose-controlling agents; The results from Franz cell diffusion studies demonstrated compelling results: GLP-1 drug formulated with Invisicare showed a 99.6% penetration over 6 hours; CB-1 antagonists formulated with Invisicare, showed a 62% penetration over 6 hours; Formulations showed a sustained drug delivery over time, with no initial spike; This data opens up exciting opportunities compelling the Company to expand its portfolio of obesity-targeting formulations with other active ingredients; Other small molecules, both in the obesity space and other indications, have the potential to be delivered by Invisicare technology. Skinvisible is actively seeking strategic partnerships with pharmaceutical and biotech companies to bring the first transdermal obesity therapies to market and explore broader applications of its delivery platform.
|
ZOM | Hot Stocks06:43 EDT Zomedica announces expansion of equine distribution agreement with Grovet - Zomedica announced the expansion of its distribution partnership in Europe with Grovet. The terms of the updated agreement offer Grovet equine distribution rights for Zomedica's equine PulseVet and TRUFORMA product platforms throughout most of Europe. Grovet will exclusively distribute these equine products in 27 countries, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland, and will distribute these products on anon-exclusive basis in Italy and the UK. In addition to expanding the distribution of PulseVet products to equine veterinarians into additional European countries, this agreement also expands their product offerings to include the TRUFORMA platform as well as the Company's current equine assays for eACTH and Cortisol, and equine Insulin when it launches later this year.
|
ETON IPSEY | Hot Stocks06:42 EDT Eton Pharmaceuticals to acquire Increlex from Ipsen - Eton Pharmaceuticals (ETON) announced that it has entered into an asset purchase agreement to acquire Increlex from Ipsen S.A. (IPSEY). The acquisition is expected to close near year-end 2024. Increlex is a biologic product used to treat children and adolescents from 2- to 18-years-old who suffer from severe primary insulin-like growth factor 1 deficiency because their bodies do not make enough insulin-like growth factor 1. The medicine is approved in 40 territories, including the United States and the European Union. It is estimated that approximately 200 patients in the United States and 900-1,000 patients in Europe live with SPIGFD. Increlex is the only treatment approved by the U.S. Food and Drug Administration or European Medicines Agency for SPIGFD. Post closing, Eton will immediately commercialize the product in the U.S. without disruption to patient supply. Outside the U.S., Ipsen will continue distributing the product during a six-month transition period to ensure no disruption to patient supply, after which the commercialization will be continued by Eton. The transaction will be financed by Eton's cash on hand and an expansion of the Company's existing credit facility with SWK Holdings. Ipsen reported global sales for Increlex of EUR 17.3 million in 2023.
|
NVAX | Hot Stocks06:41 EDT Novavax clarifies 'has neither updated nor reaffirmed' FY24 financial guidance - In a regulatory filing, Novavax stated that it is aware of an analyst report published on October 1, which referred to discussions with Novavax's management regarding, among other things, the anticipated U.S. market for COVID-19 vaccination for the 2024-2025 vaccination season. "Novavax would like to clarify that while it has anticipated the COVID-19 vaccination market in the U.S. will be similar to last year, it has neither updated nor reaffirmed its full year 2024 financial guidance issued on August 8, 2024," the filing stated. Reference Link
|
WDOFF | Hot Stocks06:40 EDT Wesdome Gold Mines appoints Philip Yee as independent director - Wesdome Gold Mines announces the appointment of Mr. Philip Yee to its Board of Directors effective October 7, 2024. With Mr. Yee's appointment, the Wesdome Board will be comprised of seven members, including six independent directors. Yee is a Chartered Professional Accountant and previously served as Executive Vice President and CFO of Eldorado Gold Corporation.
|
BRO | Hot Stocks06:39 EDT Brown & Brown acquires the assets of The Canopy Group - Brown & Brown has acquired the assets of The Canopy Group, a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Based in Le Sueur, Minnesota, The Canopy Group serves over 16,000 customers throughout Minnesota. Paul Borchert and Jeff McDonald will continue to lead The Canopy Group operations from their offices in Minnesota.
|
MKTX | Hot Stocks06:38 EDT MarketAxess reports Septermber ADV up 52.5% to $45.2B - MarketAxess announced trading volume and preliminary variable transaction fees per million for September 2024 and the third quarter ended September 30, 2024. Chris Concannon, CEO of MarketAxess, commented: "Strong market volumes and a robust new issue calendar helped drive an increase in the velocity of electronic trading and record levels of trading activity in September across our platform. Against this improving market backdrop, in 3Q24 we delivered 27% growth in total credit ADV compared to the prior year, driven by strength in U.S. high-grade, emerging markets, Eurobonds and municipals, with record Municipal bond estimated market share. We also generated record portfolio trading ADV of $1.1 billion, which helped drive our portfolio trading quarterly estimated market share of U.S. high-grade and U.S. high-yield TRACE to 20%, its highest quarterly level in 2024. We are continuing the roll-out of X-Pro to our global client base which, we believe, is important to the success of our "high-touch" strategy." Select September 2024 Highlights: Record total average daily volume of $45.2 billion increased 52.5% compared to the prior year, and increased 8.6% compared to August 2024. These strong results were driven by record total credit ADV of $16.5 billion, representing an increase of 40.1% compared to the prior year, and an increase of 24.4% compared to August 2024. Total rates ADV of $28.7 billion, which increased 60.7% compared to the prior year, and increased 1.2% compared to August 2024 levels, also contributed to the strong performance in September 2024.
|
LZM | Hot Stocks06:38 EDT Lifezone Metals signs MOU with Japanese organization for nickel battery industry - Lifezone Metals signed a Memorandum of Understanding with Japan Organization for Metals and Energy Security - JOGMEC -. This strategic partnership aims to support JOGMEC's efforts to secure cleaner metals from the Kabanga Nickel Project for the Japanese battery industry. Kabanga is one of the world's largest and highest-grade undeveloped nickel sulfide deposits with byproduct copper and cobalt. By utilizing Lifezone's Hydromet technology, the Project is expected to significantly reduce emissions compared to traditional smelting methods. Lifezone will collaborate with JOGMEC to facilitate the supply of metals from Kabanga, through Lifezone's portion of marketing rights, for Japan's battery market. The MOU is non-binding and imposes no obligations on either party. JOGMEC is an independent administrative agency of the Japanese government whose mission is to secure a stable and affordable supply of energy and mineral resources to strengthen Japan's industrial base.
|
GPUS | Hot Stocks06:36 EDT Hyperscale Data to sell St. Petersburg development property for $13.2M - Hyperscale Data announced that its wholly owned indirect subsidiary, Third Avenue Apartments LLC, has signed a Purchase and Sale Agreement with a large New York based real estate firm, to sell its St. Petersburg development property. The decision to sell the property aligns with the previously announced reorganization efforts and the Company's desire to streamline operations and create a pure-play data center business. The sale of the property is expected to close by year-end 2024, but the Company acknowledges that the sale is subject to the completion of due diligence by the purchaser and is not guaranteed to close by December 31, 2024, or at all. The Company will update stockholders upon the closing of the PSA. The Company is confident in the purchaser's ability to close the transaction and looks forward to the ultimate development of the property and the contributions to the St. Petersburg community.
|
AGR | Hot Stocks06:35 EDT Avangrid awarded $425M federal capacity contract for Maine transmission project - Avangrid announced that the U.S. Department of Energy selected Avangrid for a $425 M capacity contract for its Aroostook Renewable Project. The award is part of the DOE's Transmission Facilitation Program. The announcement by DOE comes as the Maine Public Utilities Commission prepares to issue a transmission line Request for Proposals to connect 1,200 MW of renewable energy to the New England power grid in Maine. The generation portion is being solicited by the MPUC separately. Avangrid intends to participate in the transmission line RFP process and will include the awarded $425M capacity contract as part of the company's proposal. This $425M award represents one of the largest federal investments in energy development in Maine's history. Avangrid also plans to invest more than $15M for Disadvantaged Communities in Maine. The Maine PUC will likely announce winning bids in 2025.
|
ZOM | Hot Stocks06:34 EDT Zomedica expands exclusive equine distribution pact with Grovet in Europe - Zomedica announced the expansion of its distribution partnership in Europe with Grovet, an equine-focused veterinary distributor. The terms of the updated agreement offer Grovet equine distribution rights for Zomedica's equine PulseVet and Truforma product platforms throughout most of Europe. Grovet will exclusively distribute these equine products in 27 countries, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland, and will distribute these products on anon-exclusive basis in Italy and the UK. In addition to expanding the distribution of PulseVet products to equine veterinarians into additional European countries, this agreement also expands their product offerings to include the Truforma platform as well as the company's current equine assays for eACTH and Cortisol, and equine Insulin when it launches later this year.
|
NGVT | Hot Stocks06:17 EDT Ingevity CEO John Fortson departs, Luis Fernandez-Moreno named interim CEO - Ingevity announced that John Fortson has departed as president and CEO and from the board of directors of the company, effective as of October 2, 2024. The board of directors has appointed current board director, Luis Fernandez-Moreno as interim president and CEO while it conducts a search for a permanent replacement. Fernandez-Moreno has been a member of Ingevity's board of directors since its spinoff in 2016. He was chair of the nominating and governance committee, a position he resigned to assume the role of interim president and CEO.The board has initiated a search process to identify a permanent president and CEO and has retained a leading executive search firm to assist in the process.
|
EQX | Hot Stocks06:11 EDT Equinox announces convertible note conversion, bought deal secondary offering - Equinox Gold has issued 24,761,905 common shares of the Company to Ninety Fourth Investment Company, an affiliate of MDC Industry Holding Company on conversion of a S$130 million convertible note held by MDC. Further, Equinox Gold and Ninety Fourth have entered into an agreement with BMO Capital Markets to complete a secondary offering of the Common Shares issued on conversion of the Note. Pursuant to the agreement, BMO Capital Markets has agreed to purchase, on a bought deal basis, 24,761,905 Common Shares from Ninety Fourth at a price of $5.65 per Common Share, for total gross proceeds of approximately $140 million. Net proceeds of the Offering will be paid directly to Ninety Fourth and Equinox Gold will not receive any proceeds from the sale of Ninety Fourth's Common Shares. MDC's $130 million Note was issued in 2019 with a $5.25 per share conversion price. Following completion of the Offering, MDC will continue to hold a second $130 million principal amount convertible note of Equinox Gold with a September 10, 2025 maturity date and a $6.50 per share conversion price, which represents approximately 4.22% of the issued and outstanding Common Shares on an as-converted basis. The Offering is expected to close on or about October 9, 2024, subject to customary closing conditions.
|
RDWR | Hot Stocks06:09 EDT Radware introduces new Threat Intelligence Service - Radware introduced a new Threat Intelligence Service designed to help security operation center teams, threat researchers, and incident responders enhance threat detection, identify compromised systems, and ultimately lower MTTR. The service, which is an expansion of Radware's cloud security platform, offers them unique, real-time intelligence and pre-emptive warnings about potential network attacks so they can make more informed decisions about application and data center threats.
|
BEEM | Hot Stocks06:09 EDT Beam Global introduces BeamBike solar-powered bike charging product - Beam Global introduced the new BeamBike ebike charging product that is rapidly deployed, solar-powered and can charge up to 12 ebikes at a time. The dedicated ebike charging station provides a vital solution for ebike owners who want a secure location to park, lock and charge their ride, without the risks of charging indoors. Each BeamBike solar-powered charging system generates and stores its own clean electricity which is accessed through twelve integrated, weatherized 120 V outlets which will support any ebike charger. The BeamBike charger's onboard battery storage provides ebike charging and vital 120 V outlets where there is no easily accessible utility connection and during grid outages making it an emergency preparedness and energy resiliency asset as well. The rapidly deployed outdoor ebike charging product will enable cities, campuses, corporations and any other location where users need to charge electric bikes, to provide charging opportunities which do not put buildings or people at risk from battery fires.
|
ZION | Hot Stocks06:07 EDT Zions Bancorp enters collaboration with Snapdocs to digitize mortgage closings - Snapdocs announced a collaboration with Zions Bancorporation to digitize the lender's mortgage closings. The Zions network of banks selected Snapdocs for its unmatched ability to drive high digital closing adoption, optimize operational efficiency, and provide flawless experiences for loan officers, settlement partners, and borrowers. Zions operates in 11 western states, and sought a digital closing provider with the proficiency to implement and scale digital closings across its network. Snapdocs offered comprehensive training and white-glove support for all local Since implementation, Zions has reported a 100% eSign success rate-meaning no borrowers opted out of a digital closing-and a 100% scanback rate with settlement partners. The lender has also seen an 80% reduction of errors in closing documents due to hybrid closingbrands, and after just one month of working with Snapdocs, Zions achieved over 75% adoption of hybrid closings.
|
SBUX | Hot Stocks06:06 EDT Starbucks adds two new coffee innovation farms in Guatemala and Costa Rica - Starbucks announced an expansion of its collaborative coffee innovation network. Building on Hacienda Alsacia, Starbucks first company-operated coffee farm, the company added farms located in Guatemala and Costa Rica with future farm investments in Africa and Asia. Starbucks buys 3% of the world's coffee. Climate change is impacting the availability of high-quality coffee around the world. At Hacienda Alsacia, Starbucks has created best practices to make growing coffee more profitable; developed the next generation of disease-resistant, quality coffee; and shared it with farmers. The new farms in Costa Rica and Guatemala will both study hybrid coffee varieties under different elevations and soil conditions. The network's focus on learning and innovation will continue through the sustainability learning and innovation lab at Hacienda Alsacia, which will break ground in December.
|
AZN | Hot Stocks06:05 EDT AstraZeneca reports Calquence sNDA granted Priority Review in U.S. - AstraZeneca's supplemental New Drug Application, or sNDA, for Calquence has been accepted and granted Priority Review in the U.S. for the treatment of adult patients with previously untreated mantle cell lymphoma, or MCL, the company announced. "The Food and Drug Administration grants Priority Review to applications for medicines that, if approved, would offer significant improvements over available 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 anticipated during the first quarter of 2025," the company stated.
|
LDOS | Hot Stocks06:03 EDT Leidos announces small cruise missile completes separation flight tests - Leidos announced that its small cruise missile has successfully completed captive carry and store safe separation flight tests in preparation for guided flight tests from a U.S. Air Force Special Operations Command, or AFSOC, aircraft scheduled for this fall.
|
AIN | Hot Stocks06:03 EDT Albany International updates expectations for aerospace business - Albany International Corp. (NYSE: AIN) announced today that it is providing a preliminary update to its full year outlook largely to reflect revised revenue and profitability expectations for the aerospace business within its Engineered Composites (AEC) segment. Following its regular quarterly review of program costs and estimates relative to certain large complex aerospace contracts the Company has updated its labor, material input and scrap cost assumptions over the duration of certain long-term contracts. These increased cost assumptions as well as the impact of suspended production at a key customer pending their union negotiations will result in an approximate $24 million negative Estimate-at-Completion adjustment in the third quarter of 2024. Changes in other forecast assumptions are projected to lower second-half pre-tax earnings by an additional $8 million. "We continue to see momentum in both Machine Clothing and Engineered Composites. The Heimbach integration remains on track, and Albany's differentiated innovation is translating into robust demand across both segments," said President and CEO, Gunnar Kleveland. "At the same time, growth in our aerospace programs is resulting in more complex projects, where the manufacturing learning curve and labor ramp are steeper. Notwithstanding these changes, we expect AEC will maintain high-teen EBITDA margins that are well above peer averages. With Chris Stone's recent appointment as President of AEC, I am also confident that we will successfully execute on the opportunities in our growing aerospace business, which are being created by Albany's advanced technology and deep customer relationships. Combined with the Company's continued strong cash flows and financial strength, Albany has a solid foundation for success and value creation. Significant new orders to date this year and our substantial backlog reinforce the financial upside available to the Company."
|
WTW | Hot Stocks06:03 EDT WTW acquires stake in UK-based wealth manager atomos - WTW has acquired a stake in atomos, the UK-based advice-led wealth manager backed by funds managed by Oaktree Capital Management. The investment follows a successful alliance with atomos since the end of 2022, during which WTW's investment engine has powered atomos' multi-asset investment solutions.
|
HIMS LLY | Hot Stocks05:48 EDT Hims & Hers falls after FDA says Lilly weight loss drug shortage is over - The Food and Drug Administration last night said it determined the shortage of tirzepatide injection, a glucagon-like peptide medication, has been resolved. Tirzepatide injection has been in shortage since 2022 due to increased demand, the agency noted. The FDA confirmed with Eli Lilly that its stated product availability and manufacturing capacity can meet the present and projected national demand. "Patients and prescribers may still see intermittent localized supply disruptions as the products move through the supply chain from the manufacturer and distributors to local pharmacies," the FDA added. The agency reminded "compounders of the legal restrictions on making copies of FDA-approved drugs." Compounded drugs "are not approved by FDA. FDA-approved drugs go through FDA's rigorous review for safety, effectiveness, and quality as part of the premarket approval process," the agency added. Shares of compounded drug maker Hims & Hers (HIMS) are down 7% to $17.56 in premarket trading after the FDA said Eli Lill's weight-loss drug shortage is over. Reference Link
|
FFIE | Hot Stocks05:21 EDT Faraday Future executives purchase 10,455 shares for $35,799 - Faraday Future announced that its global CEO, Matthias Aydt, and founder and chief product and user ecosystem officer of FF, YT Jia, purchased shares of the company's Class A common stock in September, in an aggregate amount of 10,455 shares for $35,799. These stock purchases were made pursuant to the previously disclosed salary deduction and stock purchase agreements. Aydt and Jia each have notified the company that he intends to use a portion of his base salary to purchase shares of the company's Class A common stock pursuant to the previously disclosed salary deduction and stock purchase agreements over the three-month period of September through November. Executives may choose, during an open trading window, to extend their share purchase commitment. The shares are restricted from resale for 180 days.
|
AMZN | Hot Stocks05:17 EDT Amazon announces discounts, deals during Prime Big Deal Days - Amazon announced discounts and millions of deals worldwide top categories including electronics, home, toys, beauty, and apparel during Prime Big Deal Days. Prime members can also save on last minute Halloween costumes and accessories from Rubies and Tipsy Elves.
|
J | Hot Stocks05:11 EDT Jacobs appointed by U.K. DESNZ to deliver technical project management support - Jacobs has been appointed by the U.K. Department for Energy Security & Net Zero, or DESNZ, to deliver technical project management support to the Carbon Capture, Usage and Storage, or CCUS, program, an essential element of the U.K.'s commitment to deliver a net-zero economy by 2050. Jacobs will deliver technical project management, strategic and change management advisory services, data solutions and risk and quality management. Jacobs will also deliver associated strategic support to the Hydrogen and Industrial Carbon Capture program and provide advisory consultancy, end-to-end innovation, design and analytics with strategic partner PA Consulting. The contract with DESNZ is for an initial term of two years with an option to extend by up to two additional one-year periods. Jacobs holds a 65% stake in PA Consulting, with the remaining 35% held by PA employees. Both Jacobs and PA operate as separate entities, each responsible for serving clients independently.
|
CTRE | Hot Stocks05:07 EDT CareTrust REIT acquires 396-bed/unit skilled nursing portfolio for $74.7M - CareTrust REIT announced that it has acquired a four-facility, 396-bed/unit skilled nursing portfolio located in the Mid-Atlantic for a total investment amount of approximately $74.7M. One of the four facilities acquired is a skilled nursing and assisted living campus, which includes 47 assisted living units. In connection with the acquisition, the company entered into a triple-net master lease with a new operator relationship for the company. The operator is an experienced skilled nursing operator who has operated facilities across multiple states. The new master lease has an initial term of 15 years with two, five-year extension options and provides for a year one contractual lease yield of 9.3% with annual CPI-based escalators. To facilitate certain local constraints, the acquisition of one of the facilities was structured as a mortgage loan extended by CareTrust to the operator, with the mortgage loan having substantially the same economics, maturity, and other terms as the master lease. The investment was funded using cash on hand. In September, the company raised $309.9M at an average price of $30.38 per share under its new $750M ATM program bringing its outstanding share count to 171.5M shares. Also in September, the company paid off its $200M term loan. The company is currently in the process of amending and extending its existing credit facility. As of today, the company currently has approximately $280M of cash on hand.
|