Stockwinners Market Radar for October 11, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

21:00 EDT Cathie Wood's ARK Investment buys 12.7K shares of Tesla today

18:19 EDT Albertsons voluntarily recalls 12 types of ReadyMeals and store-made deli items - Following a recall initiated by Fresh Creative Foods, a division of Reser's Fine Foods, Albertsons Companies has voluntarily recalled 12 types of ReadyMeals and store-made deli items, supplied by Fresh Creative Foods, due to possible Listeria monocytogenes contamination. The recall was initiated because these products contain a recalled ready-to-eat chicken ingredient supplied by BrucePac of Durant, Okla., which was found to be contaminated with Listeria monocytogenes during routine tests by the U.S. Department of Agriculture's Food Safety and Inspection Service. The ReadyMeals and store-made deli items were available for purchase at the following stores: Albertsons, Carrs-Safeway, Eagle, Jewel-Osco, Pavilions, Randalls, Safeway, Shaw's, Star Market, Tom Thumb and Vons. These stores are located in Alaska, Arizona, Arkansas, California, Idaho, Illinois, Indiana, Iowa, Louisiana, Maine, Massachusetts, Nevada, New Hampshire, New Mexico, Rhode Island, South Dakota, Texas, Utah, Vermont, Washington and Wyoming.

17:30 EDT Zapata Computing Holdings Inc trading resumes

17:11 EDT Zapata AI to cease operations, terminates all employees - In a regulatory filing, Zapata AI disclosed that on October 7, the board of the company approved the termination of all of the company's employees, except for a small number of employees to be retained for a short period to administer termination of business activities, including Sumit Kapur, the company's CFO. All such employees were terminated effective October 9. Such actions took place in connection with a planned cessation of the company's operations. The company cannot currently estimate the charges it will incur under generally accepted accounting principles as a result of the termination of its employees.

16:51 EDT Broadcom exec Brazeal sells 18,900 common shares - In a regulatory filing, Broadcom chief legal and corporate affairs officer Mark David Brazeal disclosed the sale of 18,900 common shares of the company on October 9 at a price of $182.875 per share.

16:33 EDT Boeing to cut workforce roughly 10%, sees first 777X delivery in 2026 - Boeing President and CEO Kelly Ortberg shared the following message with all employees today: "Team, Our business is in a difficult position, and it is hard to overstate the challenges we face together. Beyond navigating our current environment, restoring our company requires tough decisions and we will have to make structural changes to ensure we can stay competitive and deliver for our customers over the long term. We need to be clear-eyed about the work we face and realistic about the time it will take to achieve key milestones on the path to recovery. We also need to focus our resources on performing and innovating in the areas that are core to who we are, rather than spreading ourselves across too many efforts that can often result in underperformance and underinvestment. With that in mind, today I am sharing some difficult decisions and several program updates: On the 777X program, the challenges we have faced in development, as well as from the flight test pause and ongoing work stoppage, will delay our program timeline. We have notified customers that we now expect first delivery in 2026. We plan to build and deliver the remaining 767 Freighters ordered by our customers and then conclude production of the commercial program in 2027. Production for the KC-46A Tanker will continue. In BDS, our performance on fixed-price development programs is simply not where it needs to be. We expect substantial new losses in BDS this quarter, driven by the work stoppage on commercial derivatives, continued program challenges and our decision to complete production on the 767 freighter. I will be providing additional oversight of this business and these programs Along with the above actions, we must also reset our workforce levels to align with our financial reality and to a more focused set of priorities. Over the coming months, we are planning to reduce the size of our total workforce by roughly 10 percent. These reductions will include executives, managers and employees. Next week, your leadership team will share more tailored information about what this means for your organization. Based on this decision, we will not proceed with the next cycle of furloughs. As we move through this process, we will maintain our steadfast focus on safety, quality and delivering for our customers. We know these decisions will cause difficulty for you, your families and our team, and I sincerely wish we could avoid taking them. However, the state of our business and our future recovery require tough actions. We will be transparent with you regarding the timing and impact of these steps, and we will be professional and supportive to everyone along the way. Thank you for all that you are doing through this very challenging time at Boeing. We will navigate through this moment. We will re-focus our company, and we will restore trust with all those who depend on us."

16:19 EDT Camden Property sees 'minor damage' to communities from Helen and Milton - Camden Property Trust announced that preliminary reports indicate only minor damage to the company's apartment communities located in the southeastern United States from Hurricanes Helene and Milton. The company will provide additional information or updates in the event of a material change in this situation.

16:13 EDT Vera Bradley adopts rights plan to 'guard against abusive tactics' - Vera Bradley announced that its board unanimously approved the adoption of a limited duration shareholder rights plan "to protect shareholders' interests and maximize value for all shareholders." The company said, "The Rights Plan is similar to plans adopted by other public companies and is designed to ensure that all the Company's shareholders have the opportunity to realize the long-term value of their investment in the Company and to guard against abusive tactics so that no person, entity or group can gain a control or control-like position in the Company through open market accumulations of the Company's common stock or other tactics potentially disadvantaging the interests of the Company's shareholders without negotiating with the Board and without paying an appropriate control premium to all shareholders." The rights plan is effective immediately and will expire on October 11, 2025.

16:11 EDT Vera Bradley jumps after adopting shareholder rights plan - Vera Bradley disclosed that its board adopted a shareholder rights plan and declared a dividend of one right in respect of each of the company's issued and outstanding shares of common stock. The dividend is payable to the shareholders of record at the close of business on October 21. The rights agreement "imposes significant dilution" upon any person or group that is or becomes the beneficial owner of 15% or more of the company's outstanding shares without the prior approval of the board. Shares of Vera Bradley are up 7% to $5.52 in after-hours trading following the news.

15:40 EDT FirstEnergy unit Mon Power awarded $5M from OCED - FirstEnergy subsidiary Mon Power has been awarded $5M in federal funding by the U.S. Department of Energy's Office of Clean Energy Demonstrations for a project that will enhance electric service reliability for customers in parts of rural West Virginia. The funding is part of the Energy Improvements in Rural or Remote Areas program established by the Bipartisan Infrastructure Law. Jim Myers, Vice President of FirstEnergy's West Virginia Operations: "We're honored to receive this funding, and we look forward to applying it toward system improvements that will make a real difference for thousands of our customers in rural West Virginia, reducing the number and duration of outages they experience."

15:34 EDT Container Store trading halted, volatility trading pause

14:17 EDT Generac up 3% after Trump promises generator tax deductions if elected

14:10 EDT Exela, Microsoft Azure partner to boost scalability, security - Exela Technologies (XELA) said it is partnering with Microsoft Azure (MSFT) to boost scalability, security, and performance. "By migrating to PostgreSQL on Azure, we've modernized DocDNA, delivering better efficiency & availability for 250+ customers," Exela said. Sriram Ramanathan, CTO Exela Technologies, also said, "Azure's scalability and high availability drove our decision to partner with Microsoft. Also, PostgreSQL on Azure facilitates seamless integration with existing Microsoft technologies such as .NET and SQL Server, facilitating interoperability, a critical requirement for us." Reference Link

13:01 EDT Baker Hughes reports U.S. rig count up 1 to 586 rigs - Baker Hughes reports that the U.S rig count is up 1 from last week to 586 with oil rigs up 2 to 481, gas rigs down 1 to 101 and miscellaneous rigs unchanged at 4. The U.S. Rig Count is down 36 rigs from last year's count of 622 with oil rigs down 20, gas rigs down 16 and miscellaneous rigs unchanged. The U.S. Offshore Rig Count is unchanged at 18, down 4 year-over-year. The Canada Rig Count is down 4 from last week to 219, with oil rigs down 3 to 154, gas rigs up 2 to 65 and miscellaneous rigs down 3 to 0. The Canada Rig Count is up 26 from last year's count of 193, with oil rigs up 38, gas rigs down 11 and miscellaneous rigs down 1.

12:47 EDT CVS Health's Aetna recommended for new D-SNP contract by state of Michigan - Aetna, a CVS Health company, announced the State of Michigan has recommended the company for a new contract to serve MI Coordinated Health beneficiaries who are eligible for both Medicare and Medicaid. Aetna was selected as part of a competitive bidding process. Under the new contract, eligible Michigan residents will have access to an Aetna Highly Integrated Dual Eligible Special Needs Plan, which provides all Medicare benefits, most Medicaid covered benefits and integrates long-term services and supports for beneficiaries. Aetna will continue supporting dually eligible Michigan members in the 10 counties it currently serves and expand services to an additional 29 counties in 2027. Aetna has been serving dually eligible beneficiaries in Michigan through a Medicare-Medicaid Plan for over 10 years and currently manages the health benefits of approximately 8,500 dually eligible members. The contract award is part of the State's transition from an MMP plan design, which was in place as a demonstration program. Pending the completion of the state's protest period and readiness review, the new contract is expected to begin on January 1, 2026, and end on December 31, 2033, with the option of renewals. This contract has no impact on the existing contract with Aetna Better Health of Michigan to serve the Medicaid-eligible population through the state's Comprehensive Health Care Program.

12:09 EDT BNY Mellon: $1B for NII in Q4 is 'best guidance I can give you today'

12:00 EDT Uber rises 9.7% - Uber is up 9.7%, or $7.58 to $85.50.

12:00 EDT Wolfspeed rises 19.6% - Wolfspeed is up 19.6%, or $1.86 to $11.36.

12:00 EDT Direxion Financial Bear 3x falls -6.0% - Direxion Financial Bear 3x is down -6.0%, or -47c to $7.30.

11:59 EDT MeiraGTx granted FDA orphan designation for treatment of Bardet-Biedl syndrome - Orphan designation was granted by the FDA to a treatment of Bardet-Biedl syndrome, or BBS, from MeiraGTx, according to a post to the agency's website. Reference Link

11:56 EDT American Electric Ohio COO says PUCO should reject settlement agreement - Marc Reitter, AEP Ohio president and COO, said, "What has been proposed by the partial settlement fails to adequately address the main issues expressed in AEP Ohio's application. It's unprecedented to present a 'settlement' to the PUCO that isn't supported by the PUCO staff or the utility that initially raised the concern. The PUCO should reject it. AEP Ohio remains committed to finding a solution that balances the infrastructure investment needed to meet extreme power demands of data centers with protections for Ohio consumers."

11:39 EDT Verb Technology CEO says 'stock should be trading at more than $22 per share' - On October 11, the President and Chief Executive Officer of Verb Technology issued a letter to the company's stockholders, which the company disclosed in a regulatory filing. The letter states in part: "I'm Rory J. Cutaia, VERB CEO, and I wanted to take this opportunity to share some information about the Company. Specifically, I want to address the recent reverse stock split, the current share price, the current businesses that comprise the Company, our financial condition, and finally, our future prospects. But first - here's the headline - as of today, October 10, 2024, our market cap is approximately $3.8M, and as of our last Form 10-Q filing, we had cash in the bank of approximately $17.2M - and the only debt we have is a ridiculously small, low interest (3.75%), low payment, 30-year term SBA loan of approximately $125K. So do the math - this means if we traded at nothing more than our net cash value, the stock should be trading at more than $22 per share. And that assumes we get ZERO value for the underlying businesses - ZERO. It makes no sense to me that the stock should trade the way it does. I can only assume that people are not reading the filings, analyzing the financials, and recognizing the amazing opportunity that the new VERB represents." Reference Link

11:36 EDT Verb Technology Company Inc trading halted, volatility trading pause

10:09 EDT Wells Fargo has refurbished more than 460 branches this year, says CEO

10:05 EDT Wells Fargo sees additional charge offs in commercial RE office portfolio - Says office market remains weak.

10:00 EDT Zeekr falls -6.5% - Zeekr is down -6.5%, or -$1.59 to $22.96.

10:00 EDT A.O. Smith falls -7.4% - A.O. Smith is down -7.4%, or -$6.37 to $79.89.

10:00 EDT Torrid rises 8.9% - Torrid is up 8.9%, or 30c to $3.66.

09:48 EDT Uber rises 6.3% - Uber is up 6.3%, or $4.93 to $82.85.

09:48 EDT Wolfspeed rises 8.9% - Wolfspeed is up 8.9%, or 85c to $10.35.

09:47 EDT a.k.a. Brands falls -5.7% - a.k.a. Brands is down -5.7%, or -$1.26 to $21.02.

09:39 EDT Perspective Therapeutics Inc trading resumes

09:30 EDT Red Cat appoints Brett Velicovich to board of directors - Red Cat Holdings announced that Brett has joined its Board of Advisors. Brett is a drone industry expert, national media personality, and best-selling author of Drone Warrior, a first-hand account that chronicles the U.S. military's evolution between 2001 - 2016 and the technology driving it.

09:17 EDT Capricor Therapeutics announces long-term data from HOPE-2 OLE study - Capricor Therapeutics announced positive 3-year safety and efficacy results from its ongoing HOPE-2 open label extension study for its lead asset, deramiocel, for the treatment of Duchenne muscular dystrophy. The data was highlighted in a late-breaking poster presentation at the 29th Annual Congress of the World Muscle Society October 8-12, 2024 in Prague, Czechia. "These findings are crucial as they demonstrate consistent long-term benefit for cardiac function in DMD. There are no approved therapies for cardiomyopathy in DMD, which is the leading cause of mortality in DMD," said Dr. Craig McDonald, National PI, University of California, Davis. "In addition, the data demonstrated sustained improvements in skeletal muscle function, as measured by PUL v2.0, over a three-year period. To our knowledge, no other therapeutic has exhibited such a favorable safety and efficacy profile in DMD." The 3-year data from the HOPE-2 OLE study demonstrated improvements in multiple cardiac measures of cardiac function, including left ventricular ejection fraction, as well as indexed volumes, which are considered highly relevant in terms of predicting long-term cardiac outcomes. In addition, there was clear bifurcation in the treatment effect seen in those that had ejection fractions greater than 45% at the end of HOPE-2 which suggests that early and sustained intervention will be key in attenuating the impacts of DMD cardiomyopathy. In order to evaluate the relevance of the data to disease progression as well as the chronic and progressive nature of DMD where cardiac function can decline year over year, a natural history data set was used to compare the trajectory of those treated with deramiocel to standard of care. In addition to the cardiac data, patients demonstrated a statistically and clinically relevant benefit in the PUL v2.0 total score when compared to an external comparator dataset of similar DMD patients. The HOPE-2 OLE study continues to show a favorable safety profile for long-term treatment of deramiocel. In conclusion, the results of this study showed sustained cardiac and skeletal benefits after 3 years of continuous treatment with deramiocel. This data was previously highlighted at the PPMD Annual Meeting in June 2024.

09:07 EDT ZoomInfo renews TRUSTe Enterprise Privacy Certification, CCPA Validation - ZoomInfo has renewed its TRUSTe Enterprise Privacy Certification and California Consumer Privacy Act, CCPA, Validation, ensuring its policies align with the industry's strictest privacy and security frameworks. By attaining these certifications from TRUSTe, a subsidiary of TrustArc, ZoomInfo demonstrates a continued commitment to industry leadership in B2B data privacy and compliance. The company has achieved the Enterprise Privacy Certification annually since 2020 in alignment with its commitment to privacy and has added CCPA Validation in recent years.

09:06 EDT HubSpot enters agreement to acquire Cacheflow - HubSpot announced that it has entered into a definitive agreement to acquire Cacheflow, a leading B2B subscription billing management and configure, price, quote, CPQ, solution. With Cacheflow, HubSpot will offer subscription billing management and robust CPQ tools. "We've seen strong year-over-year growth with Commerce Hub, which gives our customers an easy way to manage payments and unify their customer and transaction data. With Cacheflow, we're doubling down on our vision for commerce by addressing two important areas of the buying experience: subscription billing and configure, price, quote," said Yamini Rangan, CEO of HubSpot. "Cacheflow is a leader in this space and has helped companies automate the purchase process to capture revenue faster. We're excited by the impact they will have on customers of Commerce Hub."

09:04 EDT CN Energy regains Nasdaq compliance - CN Energy Group announced that on October 9, 2024, company received a written notice from Listing Qualifications Department of The Nasdaq Stock Market notifying the company that it has regained compliance with the minimum market value of publicly held shares requirement under Nasdaq Listing Rule 5550(a)(5).

09:03 EDT Darden completes acquisition of Chuy's - Darden Restaurants (DRI) announced that it has completed the acquisition of Chuy's Holdings (CHUY) in an all-cash transaction with an enterprise value of approximately $605M. The transaction was approved by a majority of Chuy's Holdings stockholders on October 10, 2024. This follows the merger agreement that was announced on July 17, 2024. In connection with the completion of the merger, Chuy's Holdings common stock ceased trading on Nasdaq.

09:01 EDT JPMorgan's Dimon: NII will be less than $87B in 2025, 'probably by not a lot' - Says cash is a "very valuable asset."

08:53 EDT JPMorgan says yield seeking behavior has 'come down quite a bit' - Sees sequential declines in NII in FY25, with trough 'sometime in the in middle of the year." Expects fee and volume-related business to grow next year.

08:41 EDT JPMorgan expects deposits to be 'relatively flat' for remainder of year - Says "optimistic" about M&A pipeline, but regulatory environment an "area of concern." Expects results to be "somewhat challenged" in coming quarters. Comments taken from Q3 earnings conference call.

08:37 EDT Safe Pro's Airborne Response deployed by multiple Florida enterprise customers - Safe Pro Group announced that its Mission Critical Unmanned Solutions subsidiary, Airborne Response, has deployed its uncrewed aircraft systems teams in support of new and existing customers as part of the massive recovery efforts now being conducted in Florida following Hurricane Milton, a large Category 3 storm which made landfall on Wednesday. According to Poweroutage.us, approximately 2.9 million people in Florida are without power as a result of Hurricane Milton. Airborne's flight crews are already actively supporting the state's largest power utility under contract, assisting restoration efforts in response to storm damage and it was recently awarded a new emergency services contract by Florida's second largest municipal utility operator to provide personnel, equipment and assistance in response to disaster events such as hurricanes. Airbornes' drone teams are now deployed across multiple Florida counties supporting its power utility clients as well as other customers including Citizens Property Insurance who is utilizing its services to rapidly assess property damage claims.

08:36 EDT Perspective Therapeutics presents initial results from Phase 1/2a study of VMT01 - Perspective Therapeutics announced that initial results from its Phase 1/2a study of VMT01 are being presented at the 21st International Congress of the Society for Melanoma Research, being held on October 10-13, 2024 in New Orleans, Louisiana. VMT01 is a MC1R-targeted radiopharmaceutical therapy that can be radiolabeled with either 203Pb for patient selection and dosimetry assessments, or 212Pb for alpha particle therapy. In preclinical experiments VMT01 demonstrated efficacy via two distinct mechanisms of action: direct cell killing at high radiation doses and through immunostimulatory low-dose induction of immune-mediated cell death. Efficacy was augmented by immune checkpoint inhibitors. On the basis of these results, the U.S. Food and Drug Administration granted Fast Track Designation for the clinical development of VMT01. This study is a multi-center, open-label dose escalation, dose expansion study in patients with histologically confirmed melanoma and MC1R-positive imaging scans. Patients were required to have already received standard of care. Eligible patients may receive up to three treatments with VMT01, eight weeks apart. Three patients were enrolled in Cohort 1, while seven patients were enrolled in Cohort 2. Patients in each cohort received a median of five prior lines of systematic therapy, including a median of three prior lines of immunotherapy. Safety findings: No dose limiting toxicities were observed among any patients, and no adverse events led to treatment discontinuation. Treatment emergent adverse events were mostly Grades 1 and 2. None of the four cases of grade 3 TEAEs were deemed to be treatment related. There were no grade 4 or 5 TEAEs. No renal toxicities have been reported to date in spite of dosimetry estimated renal radiation that approached the higher end of conventional dosing. Efficacy findings: All patients in Cohort 1 completed three treatments, with one patient experiencing a RECIST version 1.1 objective response after completion of treatment, and two patients experiencing stable disease at 9 and 11 months from the start of treatment, respectively. In Cohort 2, patients progressed after either the first cycle or the second cycle. These findings are consistent with published and ongoing preclinical studies showing immunostimulatory effects at lower radiation doses. The Safety Monitoring Committee has reviewed these findings. The SMC recommended exploring a lower dose level of 1.5 mCi per dose, which is lower than the dose administered in Cohort 1, both as a single agent and in combination with the anti-PD-1 antibody, nivolumab. The SMC recommendation would allow for the monotherapy and combination cohorts to proceed concurrently. An amendment to further explore lower dose levels for monotherapy is planned. The combination cohort at 1.5 mCi per dose with nivolumab is active and now open for enrollment.

08:33 EDT America's Car-Mart completes $300M term securitization - America's Car-Mart has completed a term securitization transaction involving the issuance of $300 million in principal amount of asset-backed notes with an overall weighted average coupon of 7.44%. The advance rate for this transaction was 59.15%. ACM Auto Trust 2024-2 issued $228.2 million of Class A Notes and $71.8 million of Class B Notes. The Class A Notes have a coupon rate of 6.06% and the Class B Notes have a coupon rate of 9.21%.

08:31 EDT Caterpillar names Nazzic Keene to board of directors - Caterpillar (CAT) announced that Nazzic Keene, former chief executive officer of Science Applications International Corporation (SAIC), has been appointed to the Caterpillar board of directors, effective Nov. 1. Keene will serve on Caterpillar's Nominating & Governance Committee and Compensation & Human Resources Committee.

08:22 EDT Coherent appoints Sherri Luther as CFO - Coherent Corp. (COHR) announced that following a comprehensive search, it has appointed Sherri Luther as the company's new CFO and Treasurer, effective today. Luther joins Coherent from Lattice Semiconductor (LSCC), where she was CFO since 2019.

08:18 EDT Home BancShares establishes additional reserves for Helene-related loan losses - Home BancShares has established additional reserves for loan losses related to the Hurricane Helene FEMA Disaster Area for the third quarter of 2024. As a result of Hurricane Helene, which made landfall September 26, 2024 as a Category 4 hurricane, HOMB recorded additional loan loss reserves of approximately $16.7 million. HOMB has operated in Florida for many years, and there is no substitute for experience. Hurricane mode at HOMB includes generators, satellite phones at branches in the region, a toll-free number for employees to call to mark themselves safe and a reserve for potential losses on loans. "Due to the widespread devastation of Helene, it will take time to get clarity from customers on damages incurred, needed deferrals or potential losses on a little over $1 billion worth of loans in the path of the storm," said John Allison, Chairman of HOMB. "We always like to get out in front and be prepared for events like this, and I'm proud that we have the strength in our balance sheet to prepare for unfortunate events such as this. We will also be evaluating the impact of Hurricane Milton which made landfall on October 9, 2024 and marched straight across the state of Florida in our footprint. This event could result in a substantial increase to hurricane related loan reserves for the fourth quarter," added Allison.

08:10 EDT Lattice Semiconductor CFO Sherri Luther resigns, Tonya Stevens named interim CFO - Lattice Semiconductor announced the resignation of its CFO Sherri Luther, effective immediately, to pursue a new opportunity. Lattice Corporate VP, corporate controller Tonya Stevens was appointed interim CFO, to facilitate a transition while the board conducts a search to identify a new CFO. Stevens has more than 30 years of corporate finance experience, including over five years at Lattice.

08:07 EDT Paltalk announces judge enters final judgement related to Cisco verdict - Paltalk (PALT) announced that on October 8, 2024, an order granting a motion for final judgment was entered into in the District Court for the Western District of Texas in connection with the Company's patent infringement lawsuit against Cisco Systems (CSCO). As previously disclosed, on July 23, 2021, Paltalk Holdings, a wholly owned subsidiary of the Company, filed the Lawsuit against Cisco in the Court, pursuant to which the Company alleged that certain of Cisco's products infringed U.S. Patent No. 6,683,858, and that the Company was entitled to damages. On August 29, 2024, the jury awarded the Company $65.7 million in connection with the Lawsuit. The Final Judgment, which was signed by Judge Alan D. Albright, was entered in favor of the Company in the amount of the Award and starts the time for filing any post-trial motions or appeal.

08:05 EDT Alignment Healthcare says 98% of members enrolled in plans rated 4 stars or over - Alignment Healthcare announced that 98% of its Alignment Health Plan members are enrolled in plans rated 4 stars or greater by the Centers for Medicare & Medicaid Services for 2025. Every year, CMS evaluates Medicare Advantage plans based on a 5-star rating - with 5 stars representing "excellent" performance - to help Medicare beneficiaries compare health plans based on quality and performance. "Achieving these high star ratings under increasingly stringent CMS criteria demonstrates our leadership in the Medicare Advantage space," said John Kao, founder and CEO, Alignment Healthcare. "Our excellent performance reflects our deep commitment to the seniors we serve, ensuring they get the quality, respect and care they deserve. We're not just following best practices; we're setting the benchmark for what Medicare Advantage should be."

08:04 EDT Hurco Companies uveils AI advancements at 2024 IMTS - The company said, "Hurco Companies made waves at the 2024 International Manufacturing Technology Show, unveiling cutting-edge technological advancements that mark a turning point in the company's ability to leverage emerging AI technology directly into its core control software. Business owners and operators will be excited to learn that these innovations, born from relentless R&D efforts, position Hurco as a leader in machine tool technology. Visitors to IMTS were given an exclusive preview of the revolutionary AI-driven features that will define Hurco's next-generation control systems, showcasing the company's forward momentum and continued leadership in CNC control technology. Hurco's AI implementation isn't just a buzzword-it's real AI delivering real results. What once took several minutes to accomplish with conversational programming can now be done in just seconds. This breakthrough speeds up the machine tool operation process, transforming efficiency in unprecedented ways. Hurco's AI technology is a real programming option embedded at the core of the control technology, enabling customers to achieve faster, smarter, and more precise outcomes."

08:02 EDT Appian names Mark Dorsey as Chief Revenue Officer - Appian announced the appointment of Mark Dorsey as Chief Revenue Officer. Dorsey will lead the company's global sales operation to accelerate growth, including through direct sales and partnerships. He will report to Appian's CEO, Matt Calkins. Dorsey brings over 25 years of experience leading sales teams in cloud and SaaS companies, with executive roles at Oracle, IBM, and most recently Alteryx.

08:01 EDT Fangdd Network regains compliance with Nasdaq minimum bid price rule - Fangdd Network received a notification letter from the Nasdaq Stock Market, dated October 10, 2024, indicating that the Company regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2). As previously announced, the Company was notified by Nasdaq on December 13, 2023 that the Company was not in compliance with the Minimum Bid Price Requirement as the bid price of the Company's American depositary shares previously representing the Company's Class A ordinary shares closed below $1.00 per share for 30 consecutive business days. In its Compliance Notice, Nasdaq has confirmed that for the ten consecutive business days, from September 26 through October 9, 2024, the closing bid price of the Company's Class A ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Nasdaq Listing Rule 5550(a)(2), and the matter is closed.

07:36 EDT Alterity Therapeutics presents data on neuroprotection of ATH434 - Alterity Therapeutics announced new data related to ATH434 were presented at the Society for Neuroscience 2024 in Chicago, USA. The poster entitled, "Potent Antioxidant and Mitochondrial-protectant Effects of ATH434, a Novel Inhibitor of alpha-Synuclein Aggregation with Moderate Iron-binding Affinity," demonstrates that the neuroprotective and mitochondrial protectant properties of ATH434 include reducing lipid damage in two distinct and disease-relevant neuronal injury models. Additional studies elucidate the inherent antioxidant properties and benefits of ATH434 in cellular energy usage. ATH434's antioxidant properties were distinguished from those of another iron binding agent approved for treating iron overload. The study was run under the direction of Dr. Daniel J. Kosman, Distinguished Professor of Biochemistry at the State University of New York at Buffalo. The study, authored by Dr. Danielle Bailey, investigated the efficacy of ATH434 and comparator agents as lipid peroxidation protectants using a menadione-induced model and a hemin-induced oxidative stress model in a neuronal cell line. In unstressed cells, ATH434 promoted energy production in mitochondria to a pathway less prone to causing oxidative stress. In-solution assays detailed the mechanisms underlying ATH434's direct antioxidant capacity with respect to potentially damaging charged molecules. These combined properties can serve to protect vulnerable mitochondria in neurodegenerative diseases.

07:31 EDT Better Choice announces expansion plans into veterinary medicine in 2025 - Better Choice Company announced expansion plans into veterinary medicine in 2025 following the closing of the SRx Health acquisition. The new initiative, Better Pet Rx, will focus on providing care for your pets with love. "By leveraging the expertise of SRx Health's management team, their pre-existing relationships with pharma, and their robust infrastructure, Better Choice can complement its Halo portfolio of premium and super-premium pet food products by expanding into veterinary medicine. Animal pharmaceuticals is a key area of growth within the pet care industry and will support Halo's sustained momentum forward," said Michael Young, Chairman of the Board. "This initiative aligns with our long-term vision of creating a leading global health and wellness company that provides products and solutions for families to make better choices for both human and pet members."

07:28 EDT Wells Fargo sees 2024 NII down 9% from 2023 level of $52.4B - Previous guidance was down 8%-9% y/y. Expects 2024 noninterest expense to be ~$54B, unchanged from prior guidance. Comments taken from slides being presented on the Q3 earnings conference call.

07:07 EDT U.S. Energy regains full compliance with Nasdaq listing standards - U.S. Energy announced that on October 10, 2024, the Company received a notification letter from The Nasdaq Stock Market indicating that Nasdaq has determined that the Company has regained compliance with the minimum bid price rule and that the Company is in compliance with all applicable listing standards. Accordingly, the matter is now closed.

07:05 EDT Atha Energy provides update on investor relations agreements - Further to the Company's news releases dated April 11, 2024, June 3, 2024 and June 17, 2024, the Company also announces that the Company's agreement with Hybrid Financial will be automatically extended in accordance with its terms for a further three months following the conclusion of its initial six month term ending October 11, 2024, the Company and Gold Standard Media have, subject to the approval of the TSX Venture Exchange , extended the term of their agreement for an additional three months ending November 30, 2024 for no additional cost to the Company, and the Company and Creative Direct Marketing Group have mutually agreed to defer the commencement of their marketing campaign to a future date to be agreed between the parties due to market conditions. The Company will provide further updates upon the commencement of the marketing campaign by CDMG. Any amendment to the Company's agreement with CDMG will be subject to TSXV approval. Each of Hybrid, GSM and CDMG are arm's length parties to the Company. GSM and each of its directors, officers or employees do not currently own any securities of the Company. To the knowledge of the Company, neither Hybrid, CDMG, nor any of their respective directors, officers or employees currently owns any securities of the Company.

07:04 EDT Atha Energy announces option agreements with Terra Uranium - ATHA Energy and Terra Uranium have executed a definitive option agreement for T92 to earn an option to acquire a 70% interest in ATHA's Spire and Horizon properties and a definitive option agreement for ATHA to earn an option to acquire up to a 60% interest in T92's Pasfield Lake property. In accordance with the terms of the Option Agreement ATHA shall grant T92 the sole and exclusive right and option to acquire up to a 70% interest in the Spire Horizon Projects in consideration for incurring a minimum of $4,750,000 exploration expenditures as set out below: on or before December 20, 2024, T92 must incur at least $750,000 of statutory exploration expenditure, which must also include the costs associated with the payment for a mineral exploration assessment report; on or before September 21, 2025, T92 must incur additional statutory exploration expenditures of at least $1,000,000; on or before September 21, 2026, T92 must incur additional statutory exploration expenditures of at least $1,000,000; on or before September 21, 2027, T92 must incur additional statutory exploration expenditures of at least $1,000,000; and on or before September 21, 2028, T92 must incur additional statutory exploration expenditures of at least $1,000,000. ATHA and T92 agree to form a joint venture on the Spire Horizon Projects upon the satisfaction of the First Expenditure, Second Expenditure, and the Third Expenditure, with the initial interest of T92 being a 50% participating interest and ATHA's being a 50% carried interest. Upon the satisfaction of the Fourth Expenditure and the Fifth Expenditure, T92's interest will increase to a 70% participation interest and ATHA's interest will adjust to a 30% participation interest. If at any time during the period where ATHA holds a carried interest, T92 prepares and delivers a "preliminary economic assessment" prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects in respect of the Spire Horizon Projects to ATHA, ATHA's carried interest may be converted into a participating interest at the election of ATHA. In accordance with the terms of the Option Agreement, T92 shall grant to ATHA the four exclusive and separate rights and options to acquire undivided legal and beneficial interests in the Pasfield Project as follows: an undivided 15% interest in the Pasfield Project, which may be exercised by either: funding exploration expenditures totalling $1,000,000 or successfully completing one deep hole of at least 1,000 m into the geophysical target on or before December 31, 2025; an undivided 15% interest for a total of 30% interest in the Pasfield Project, which may be exercised by either: funding exploration expenditures totalling $2,000,000 or successfully completing two deep holes of at least 1,000 m into the geophysical target on or before December 31, 2026; an undivided 15% interest in the Pasfield Project, which may be exercised by either: funding exploration expenditures totalling $3,000,000 or successfully completing three deep holes of at least 1,000 m into the geophysical target on or before December 31, 2027; and an undivided 15% interest in the Pasfield Project which may be exercised by either: funding exploration expenditures totalling $4,000,000 or successfully completing four deep holes of at least 1,000 m into the geophysical target on or before December 31, 2028. After exercising each Pasfield Option and upon written notice by ATHA to T92, each undivided 15% interest in the Pasfield Project can, at ATHA's election, be converted into a 1% net smelter returns royalty for an aggregate maximum NSR of 4%. Upon the satisfaction of the Fourth CP Option and assuming ATHA has not converted its interests in the Pasfield Project into a NSR, the parties will be deemed to form a joint venture on the Pasfield Project with T92 holding an initial 40% participating interest in the Pasfield Joint Venture and ATHA holding a 60% participation interest. ATHA will also have the sole and exclusive right to access and use all camp facilities located on the Pasfield Project for a daily fee to be negotiated between ATHA and T92.

07:00 EDT JPMorgan sees FY24 adjusted expense of ~$91.5B, market dependent - 3Q24YTD of $68.5B implies 4Q24 of ~$23.0B. Adjusted expense excludes firmwide legal expense and includes the increase to the FDIC special assessment in 1Q24 and the Foundation contribution in 2Q24.

06:47 EDT Wells Fargo CEO: 'We had solid results in the third quarter' - CEO Charlie Scharf commented, "We had solid results in the third quarter with both net income and diluted earnings per share up from the second quarter. Our earnings profile is very different than it was five years ago as we have been making strategic investments in many of our businesses and de-emphasizing or selling others. Our revenue sources are more diverse and fee-based revenue grew 16% during the first nine months of the year, largely offsetting net interest income headwinds. We have maintained strong credit discipline and driven significant operating efficiencies in the company while investing heavily to build a risk and control environment appropriate for a bank of our size and complexity. While we believe there are significant benefits still to come from our investments, it is gratifying to see our actions having an impact on our business metrics and financial results." "Our strong capital position enables us to continue investing in our businesses and we have consistently returned excess capital to our shareholders. We increased our third quarter common stock dividend by 14% and repurchased $3.5 billion of common stock in the third quarter and over $15 billion during the first nine months of this year, up over 60% from a year ago. Our diluted common share count is down 7% from a year ago and 22% over the last 5 years," Scharf added. "While our risk and control work remains our top priority, we continue to invest to drive more diverse and stronger growth and higher returns. In the third quarter, we launched two new co-branded credit cards and announced a multi-year co-branded agreement for auto financing. We continued to hire experienced leaders across the Company, including a new Head of Technology and key coverage and product hires in the Corporate and Investment Bank, and we also continued to enhance our capabilities and improve how we serve our customers. I am excited about the opportunities ahead to make Wells Fargo even better for our customers, our employees, and our communities," Scharf concluded.

06:28 EDT Equifax Canada names Ramon Yarde as Chief Data Officer - Equifax Canada has announced the appointment of Ramon Yarde as Chief Data Officer as part of Equifax Canada's commitment to market-leading data, analytics and unparalleled insights for Canadian consumers and businesses. Yarde has served as interim CDO since February 2024. A trusted leader at Equifax Canada since 2006, he has held several leadership roles during his tenure, including oversight of the Project Management Office, and the Data Engineering and Data Operations teams.

06:18 EDT Turnstone Biologics announces leadership transitions - Ines Verdon, M.D., Senior Vice President of Clinical Development, is assuming leadership of all clinical activities. Dr. Verdon joined Turnstone in 2022 and has more than 20 years of academic and pharmaceutical industry oncology and cell therapy experience. Michael Burgess, MBChB, Ph.D., is retiring as Interim Chief Medical Officer and will continue to serve as a member of the Turnstone Board of Directors. Michael Fitch, Ph.D., has been promoted to Senior Vice President of Manufacturing and will oversee all manufacturing and technical operations activities. Dr. Fitch joined Turnstone in 2023, bringing almost 20 years of biotechnology and pharmaceutical industry experience, including approximately a decade in cell therapy technical operations, CMC, and manufacturing. Vijay Chiruvolu, Ph.D., Interim Chief Technology Officer, has completed his agreed to term of service with Turnstone and is moving into a strategic advisory role for the Company. Wendy Worcester, CPA, current Vice President of Finance, will assume responsibility of the Finance function as the Principal Financial and Accounting Officer. Ms. Worcester joined Turnstone in 2022 and is a skilled business and finance professional with over 20 years of financial and accounting experience. Venkat Ramanan, Ph.D., will be stepping down from his role as Chief Financial Officer. Saryah Azmat has been promoted to Chief Operating Officer. Azmat served as the company's Chief Business Officer since 2021, and prior to this, as the Company's Senior Vice President of Business Development and Corporate Strategy from 2019 to 2021.

06:09 EDT BlackRock CEO: 'Our strategy is ambitious, and our strategy is working' - Laurence Fink, Chairman and CEO: "Our strategy is ambitious, and our strategy is working. The assets we manage on behalf of our clients reached a new high, ending the third quarter at $11.5 trillion, having grown $2.4 trillion over the last twelve months. In that time, clients have entrusted BlackRock with $456 billion of net inflows, including a record $221 billion in the third quarter. Third quarter organic base fee growth of 5% and technology services ACV growth of 15% are each at multi-year highs. We are effectively leveraging our technology, scale, and global footprint to deliver profitable growth. Quarterly revenue and operating income both set new records, up 15% and 26% year-over-year, respectively. Our 45.8% operating margin is up 350 basis points. Through coordinated investments and initiatives, we are evolving our private markets capabilities to best serve our clients. We're already seeing the power of BlackRock and GIP together as we drive access to the enormous investment potential of infrastructure, especially to support AI innovation. We believe the model portfolio solution we are building will democratize retail access to private markets. And our planned acquisition of Preqin will enhance data and risk analytics needed to support growing private markets allocations. Our relentless focus on clients, growth mindset and willingness to evolve has generated a compounded annual total return of over 20% for our shareholders since our IPO 25 years ago, well in excess of broader markets. The opportunities ahead of us have never been greater, and we look forward to driving growth for our clients, shareholders and employees in the years to come."

06:04 EDT Red Cat ships Teal-2 drones to Florida Army National Guard - Red Cat Holdings announced it is fulfilling an order by the Florida Army National Guard for its Teal 2 drones. The drones will be used to support the ongoing disaster response to Hurricane Milton, which has left more than 3 million people without power.

05:27 EDT Burning Rock Biotech, Dizal announce NMPA approval for sunvozertinib CDx - Burning Rock Biotech and Dizal jointly announced that the companion diagnostic, or CDx, for EGFR exon 20 insertion mutation, or exon20ins, for sunvozertinib, developed through their collaboration, has been approved by the National Medical Products Administration, or NMPA, of China. This marks the first co-developed NGS-based CDx for lung cancer approved by NMPA since the release of the CDx guideline in China. The approval of this CDx test is the result of the simultaneous development of Burning Rock's independently developed LungCure CDx and Dizal's innovative EGFR exon20ins targeted therapy - sunvozertinib, providing an innovative precision treatment solution for non-small cell lung cancer patients with EGFR exon20ins.

05:21 EDT ArcelorMittal to buy Nippon Steel interest in JV to address U.S. Steel concerns - ArcelorMittal (MT) announced it has entered into a definitive equity purchase agreement with Nippon Steel (NPSCY), or NSC, pursuant to which ArcelorMittal will purchase NSC's 50% equity interest in the AM/NS Calvert Joint Venture. The transaction has been entered in to at the request of NSC to address regulatory concerns pursuant to its agreed acquisition of U.S. Steel (X). The transaction is subject to NSC completing its pending acquisition of U.S. Steel, which is subject to various other regulatory requirements. Under the terms of the agreement, ArcelorMittal will pay $1 consideration for the transaction; further, NSC will inject cash and forgive partner loans in an amount estimated to be approximately $900M. There are no assurances or guarantees that NSC will complete its acquisition of US Steel. Should NSC not complete its acquisition of U.S. Steel, then the agreement will not come into effect and the AM/NS Calvert Joint Venture will continue.