Stockwinners Market Radar for October 22, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CERS | Hot Stocks20:51 EDT Cathie Wood's ARK Investment buys 412K shares of Cerus today
|
CRSP | Hot Stocks20:50 EDT Cathie Wood's ARK Investment bought 47.8K shares of Crispr Therapeutics today
|
CERS | Hot Stocks20:50 EDT Cathie Wood's ARK Investment buys 47.8K shares of Cerus today
|
TEM | Hot Stocks20:49 EDT Cathie Wood's ARK Investment bought 170.6K shares of Tempus AI today
|
KWE | Hot Stocks19:50 EDT Kwesst Micro Systems Inc. trading halted, news pending
|
PLD | Hot Stocks18:49 EDT Prologis CEO: Things are very good, our future is bright - In an interview on CNBC's Mad Money, Hamid Moghadam said he's running the company for the long term and doesn't worry about quarterly results. He expects demand to normalize after the Presidential election. He's seeing "insatiable demand" for data centers due to the growth of AI. The company has been in data centers since 1999 and it's well-positioned to take advantage of the increase in demand, he noted.
|
MWA | Hot Stocks18:35 EDT Mueller Water raises quarterly dividend by 4.7% to 6.7c per share - The dividend is payable on or about November 20, 2024, to stockholders of record as of the close of business on November 8, 2024.
|
BERY GLT | Hot Stocks18:00 EDT Berry Global and Glatfelter announce record date for spin-off - Berry Global Group (BERY) and Glatfelter (GLT) announced that Berry has set a record date of the close of business on November 1 for the proposed spin-off of its Health, Hygiene and Specialties Global Nonwovens and Films business. The spin-off and merger of Berry's HHNF Business with Glatfelter are expected to be completed on November 4, subject to the satisfaction or waiver of the closing conditions for the transaction. Subject to the satisfaction or waiver of the closing conditions, on November 4 Berry will distribute all of the shares of stock of its wholly owned subsidiary that owns the HHNF Business to Berry stockholders as of the close of business on the November 1 record date by means of a pro rata distribution, Spinco will merge into a subsidiary of Magnera, and the shares of Spinco distributed to Berry stockholders will convert into the right to receive Magnera shares, as illustrated in the hypothetical below. Upon completion of the merger, Berry stockholders are expected to collectively own approximately 90% of the outstanding shares of Magnera common stock on a fully-diluted basis, and current Glatfelter shareholders are expected to collectively own approximately 10% of the outstanding shares of Magnera common stock on a fully-diluted basis. The spin-off and merger remain subject to the satisfaction or waiver of certain conditions including, but not limited to, approval by Glatfelter shareholders of certain matters related to the transactions. If the closing conditions are not satisfied or waived in advance of November 1 Berry may elect to change the record date to a later date.
|
HTZ | Hot Stocks17:51 EDT Teamsters ratify western regional agreement with Hertz - Teamsters at 20 local unions have voted to ratify the Western Regional master agreement with Hertz. The three-year agreement includes significant wage increases, employer pension contributions, stronger union protections, and improved just cause language. The agreement covers nearly 3,000 Teamsters represented by locals in Arizona, California, Colorado, Nevada, New Mexico, Oregon, Texas, Utah, and Washington.
|
STX | Hot Stocks17:37 EDT Seagate says it sees potential for significant revenue growth in in FY25 - Says seeing increasingly favorable business landscape. Says sees potential for significant revenue growth in in FY25. Says well-positioned to support further demand growth. Says seeing healthy industry supply dynamics. Says wants HAMR to be accretive to gross margin. Says confident that can happen in the near term. Comments taken from Q1 earnings conference call.
|
AI... | Hot Stocks17:37 EDT IFPI supports AI Training Statement on unlicensed use of creative works - IFPI, representing the recording industry worldwide, has announced its support for the following AI Training Statement: The unlicensed use of creative works for training generative AI is a major, unjust threat to the livelihoods of the people behind those works, and must not be permitted. IFPI is among over 10,500 initial signatories of the statement, joining a broad range of creative industries and creator rights organisations as well as multi-platinum selling musicians, Nobel-winning authors, Academy Award-winning actors and Oscar-winning composers. These include Geoff Barrow from Portishead, Thom Yorke from Radiohead Bjorn Ulvaeus from ABBA , Julianne Moore, Kevin Bacon, Sir Ian Rankin, Malorie Blackman, William Boyd, Tracy Chevalier, Sir Kazuo Ishiguro, Kate Mosse, Max Richter and Sir John Rutter.Further information about the statement, and the full list of signatories available....Publicly traded companies that may be impacted include: Microsoft (MSFT), Nvidia Corp. (NVDA), Alphabet (GOOGL, GOOGL), Amazon (AMZN), Meta Platforms (META), Taiwan Semiconductor (TSM).. Reference Link
|
SIRI | Hot Stocks17:33 EDT Sirius XM raises Q3 dividend 1.5% to 27c per share - The quarterly dividend is payable in cash on November 21, 2024.
|
AEP | Hot Stocks17:22 EDT American Electric increases quarterly dividend to 93c per share - The board of American Electric declared a regular quarterly cash dividend of 93c per share on the company's common stock, an increase of 5c per share. The dividend is payable December 10 to shareholders of record as of November 8 and is the company's 458th consecutive quarterly common stock cash dividend.
|
OKTA | Hot Stocks17:17 EDT Okta Chairman Todd McKinnon sells $17M in company shares - Okta Chairman Todd McKinnon disclosed the sale of 224,533 shares of company stock at $74.62 per share on October 18, for a total transaction amount of $16,755,55.
|
RHI | Hot Stocks17:11 EDT Robert Half down 4% at $63.10 after Q3 results, below-consensus Q4 guidance
|
DIS | Hot Stocks17:07 EDT ESPN says WNBA Finals game 5 most viewed WNBA Finals game in 25 years - Disney's ESPN said that Sunday night's Game Five matchup of the WNBA Finals between the Minnesota Lynx and eventual champion New York Liberty was the most-viewed WNBA Finals game in 25 years across all networks, according to Nielsen. The audience for the game peaked at 3.3M viewers in Game Five, and the 2024 WNBA Finals across five games were up 115% compared to the 2023 WNBA Finals. Reference Link
|
ATR | Hot Stocks17:06 EDT AptarGroup awarded $4.8M U.S. federal contract for ActivShield technology - AptarGroup announced that it was awarded a contract from the U.S. Federal Government to advance development of its ActivShield technology. This innovative solution sterilizes medical devices and instruments without the need for a power source, making it a versatile solution for numerous environments, including rural areas, military settings and healthcare facilities with limited or no current sterilization capability..."As an innovation leader in pharma dosing, dispensing and protection technologies, we are proud to work with the U.S. Government to advance our ActivShield solution for the sterilization of medical devices and instruments in locations where a power source may not be available, further enhancing its versatility," said Stephan B. Tanda, Aptar President and CEO...John Belfance, president of Aptar CSP Technologies, stated, "ActivShield technology is a breakthrough in material science technology that has the potential to dramatically expand reliable instrument sterilization for challenging environments, simplifying processes and helping to save lives. We are grateful for the government's recognition, which supports the potential of this new technology, and look forward to bringing ActivShield technology to the forefront of sterilization techniques." The five-year contract is valued at approximately $4.8M..
|
BKR | Hot Stocks17:05 EDT Baker Hughes reports Q3 adjusted EBITDA $1.21B, up 23% y/y
|
UP GOGO | Hot Stocks17:03 EDT Wheels Up selects Gogo Galileo HDX fleetwide - Wheels Up (UP) has reached an agreement with Gogo Business Aviation (GOGO) to add Gogo Galileo HDX, the company's Low Earth Orbit global broadband satellite solution, fleetwide. Installations are expected to begin by the middle of 2025, as soon as certifications for Wheels Up aircraft are completed.
|
DOUG NFP | Hot Stocks17:03 EDT Douglas Elliman appoints Michael Liebowitz as CEO - Douglas Elliman (DOUG) announced that Howard M. Lorber has decided to retire from his position as President, CEO and Chairman of the Board. Douglas Elliman Board Director Michael Liebowitz has been appointed Chairman and CEO of Douglas Elliman. Liebowitz is an entrepreneur, private investor, and seasoned business executive with extensive experience founding, acquiring, and monetizing businesses in the insurance and financial industries. In the past 25 years, Liebowitz has acquired or been a founder of companies, including Harbor Group Consulting, National Financial Partners (NFP), Innova Risk Management, and High Street Valuations. He currently serves as Chairman and CEO of Nocopi Technologies.
|
MTX | Hot Stocks17:03 EDT Minerals Technologies announces deployment of AI technology for mining - Minerals Technologies has expanded its partnership with AIM Intelligent Machines, a technology company specializing in AI-enabled safety, productivity, and analytics for mining equipment. AIM enables mining operations to run continuously at peak performance in all weather conditions, unlocking value across fuel savings, fleet availability, and optimal site planning. This innovative technology retrofits mining equipment of any age, size or brand, while preserving the ability to manually operate the equipment. "Our investment in autonomous mining technology supports our goal of providing the safest solution for protecting our employees and our equipment. We are excited to continue working with AIM and to be on the forefront of autonomous technologies," said Douglas T. Dietrich, Chairman and Chief Executive Officer of MTI. "This has been a great opportunity to leverage cutting-edge technology in complex environments, in a way that will unlock even greater safety and productivity for our workforce."
|
ENPH... | Hot Stocks16:58 EDT Enphase Energy down 9% at $84.10 after miss on Q3 earnings, Q4 outlook - Shares of Enphase Energy are down 9% or $8.13 at a 52-week low of $84.10 afterhours following the company's Q3 results and Q4 revenue guidance missed consensus estimates. Enphase results are also weighing on other Solar energy stocks: SolarEdge Technologies (SEDG) is down 4% at $16.90, First Solar (FSLR) is down 1.1% at $199.25, and Sunrun (RUN) is down 2.2% at $13.73 afterhours.
|
ENPH | Hot Stocks16:57 EDT Enphase Energy down 9% at $84.10 after miss on Q3 earnings, Q4 outlook - Shares of Enphase Energy are down 9% or $8.13 at a 52-week low of $84.10 afterhours following the company's Q3 results and Q4 revenue guidance missed consensus estimates. Enphase results are also weighing on other Solar energy stocks: SolarEdge Technologies (SEDG) is down 4% at $16.90, First Solar (FSLR) is down 1.1% at $199.25, and Sunrun (RUN) is down 2.2% at $13.73 afterhours.
|
UP BAC | Hot Stocks16:51 EDT Wheels Up signs commitment letter with Bank of America for $332M credit facility - Wheels Up (UP) has entered into a commitment letter with Bank of America (BAC) for a new, five-year, up to $332M senior secured revolving credit facility. The company anticipates that the revolving facility will close concurrently with the closing of the GrandView acquisition in the Q4. Wheels Up expects to utilize the revolving facility to fund several actions, including the GrandView acquisition; the redemption of all outstanding equipment notes on the company's owned aircraft; and general corporate purposes. The financing is also expected to deliver up to $115M of additional cash to the balance sheet of Wheels Up and provides future revolving borrowing availability under certain conditions, with which Wheels Up expects to opportunistically acquire additional Phenom and Challenger aircraft in the future as it completes its fleet modernization plan. Delta Air Lines is expected to provide credit support for the new financing, enhancing Wheels Up's access to capital and on more attractive terms than would otherwise be available.
|
JOBY | Hot Stocks16:51 EDT Joby Aviation says it 'welcomes' publication of new regulations by FAA - Joby Aviation welcomed the release of new rules designed to enable the operation of Joby's revolutionary aircraft in the United States. Published by the Federal Aviation Administration, the Special Federal Aviation Regulation establishes requirements for the safe and efficient integration of aircraft like Joby's into the nation's aviation system. In doing so, it lays the groundwork necessary for Joby to launch commercial passenger service in the U.S., once the Company has received type certification of its aircraft. "The regulation published today will ensure the U.S. continues to play a global leadership role in the development and adoption of clean flight," said JoeBen Bevirt, Founder and CEO of Joby. "Delivering ahead of schedule is a testament to the dedication, coordination and hard work of the rulemaking team."
|
OCEA | Hot Stocks16:49 EDT Ocean Biomedical receives noncompliance letter from Nasdaq - Ocean Biomedical announced that it received a letter from Nasdaq stating that on April 18, May 22 and August 19, staff notified the company that it did not comply with Nasdaq's filing requirements set forth in Listing Rule 5250(c)(1) because it had not filed its Form 10-K for the year ended December 31, and its Forms 10-Q for the periods ended March 31 and June 30, respectively. Based on its review and the materials submitted on June 17 and August 27, staff granted the company an exception until October 14 to regain compliance with the rule. Upon further review, staff determined that the company did not meet the terms of the exception. Specifically, the company has not filed the either its Form 10-K or Forms 10-Q as required by the rule. The company will appeal staff's determination to a hearings panel, pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series.
|
UP | Hot Stocks16:49 EDT Wheels Up signs LoI with GogoBusiness Aviation - Wheels Up has entered into a letter of intent, or LoI, with Gogo Business Aviation to equip the Phenom and Challenger aircraft Wheels Up expects to acquire with the enhanced capabilities and superior performance of Gogo Galileo HDX satellite-based WiFi. Gogo's low earth orbit, or LEO, satellite system is expected to deliver high bandwidth, low latency, global coverage and be capable of live streaming and voice telephony. As part of the agreement, Gogo has committed to complete certification for the Gogo Galileo HDX system and plans to have HDX certification on the Challenger and Phenom platforms by the middle of 2025, with transition for Wheels Up's updated fleet planned to begin immediately thereafter.
|
DBVT | Hot Stocks16:48 EDT DBV Technologies jumps 80% to $1.26 after Viaskin regulatory update
|
DBVT | Hot Stocks16:48 EDT DBV Technologies announces positive regulatory updates for Viaskin peanut patch - The company states: "DBV Technologies announced positive regulatory updates for the Viaskin Peanut patch in the United States and Europe. DBV has agreed to guidance provided by the U.S. Food and Drug Administration on a pathway under the Accelerated Approval Program for the Viaskin Peanut patch in toddlers ages 1 - 3 years-old and has also received scientific advice from the EMA on a 1 - 7 year-old indication in Europe. DBV intends to formalize the Accelerated Approval guidance provided by the FDA via submission of a meeting request. serious condition, 2) that the product candidate generally provides a meaningful advantage over available therapies, and 3) that the product candidate demonstrates an effect on an intermediate clinical endpoint that is reasonably likely to predict clinical benefit. FDA confirmed that DBV has met criterion 1 and 2. Regarding criterion 3, FDA has provided guidance and suggestion regarding the intermediate clinical endpoint, which DBV has agreed to in informal discussions with the FDA. DBV intends to formalize the Accelerated Approval guidance provided by FDA via submission of a meeting request to confirm the general elements of the two study components: the COMFORT Toddlers safety study, to be completed before BLA submission, and the confirmatory effectiveness study, including the third Accelerated Approval criterion regarding the intermediate clinical endpoint. DBV expects that the confirmatory study will be initiated by the time of BLA submission and would run in parallel to commercialization in the United States, if Viaskin Peanut is approved."
|
PETQ | Hot Stocks16:47 EDT PetIQ stockholders vote to approve merger agreement to be acquired by Bansk - PetIQ announced that at its virtual Special Meeting of Stockholders approximately 80% of its outstanding shares of common stock voted to approve the adoption of the definitive merger agreement pursuant to which Bansk Group will acquire all of the outstanding shares of PetIQ's common stock for $31.00 per share, in an all-cash transaction valued at approximately $1.5B. Upon completion of the proposed transaction, PetIQ's common stock will no longer be listed on the Nasdaq, and PetIQ will be privately held and continue to be operated independently by the company's executive team.
|
UP ERJ | Hot Stocks16:46 EDT Wheels Up announces series of transactions - Wheels Up (UP) Experience announced a series of major aircraft, commercial and financing transactions. Upon closing, the transactions will initiate the transition of Wheels Up's four existing jet aircraft types Embraer's (ERJ) Phenom 300 and Phenom 300E aircraft and Bombardier's Challenger 300 and Challenger 350 aircraft. Once complete, the transition of Wheels Up's jet aircraft to Phenom 300 series and Challenger 300 series models is expected to lower the average aircraft age of its fleet by approximately 10 years. The company intends to continue to operate in support of its customers a fleet of King Air aircraft within its existing service areas. Wheels Up has entered into a binding agreement to acquire the entire Phenom fleet of GrandView Aviation, a subsidiary of Global Medical Response. The agreement provides for the acquisition of their entire fleet of 17 Embraer Phenom 300 and Phenom 300E aircraft and certain related maintenance assets to support the fleet, at a purchase price of $105M. Wheels Up and GrandView also expect to enter into a short-term Transition Services Agreement at closing, under which GrandView will operate the Embraer Phenom aircraft on Wheels Up's behalf while the aircraft are transitioned to the company's Wheels Up Private Jets FAA operating certificate. The company anticipates that the GrandView acquisition will close as promptly as practicable this quarter. In the super mid category, Wheels Up intends to acquire a fleet of pre-owned Challenger 300 and Challenger 350 aircraft via the secondary market through a combination of outright purchases and long-term leasing. In preparation for this transition, Wheels Up has agreed to sell all 13 of its currently owned Citation X aircraft to an unrelated third party. The company expects to lease a portion of those sold aircraft and amend the lease terms for other Citation X aircraft that are currently leased from that same buyer. This agreement also provides the ability to replace leased aircraft with Challenger aircraft in the future. The Bombardier Challenger 300 Series aircraft are expected to be introduced into Wheels Up's fleet beginning next year. A full introduction into Wheels Up's programmatic offering across guaranteed service areas is expected by the end of 2025. Consistent with the timing of the Phenom transition plan, and subject to business and market conditions, Wheels Up expects to complete the transition to the Challenger platform within approximately three years.
|
PFE | Hot Stocks16:46 EDT Pfizer announces FDA approval of Abrysvo - Pfizer announced that the U.S. FDA has approved Abrysvo, the company's bivalent RSV prefusion F vaccine, for the prevention of lower respiratory tract disease caused by RSV in individuals 18 through 59 years of age who are at increased risk for LRTD caused by RSV. Abrysvo now offers the broadest RSV vaccine indication for adults, which previously included those 60 years and older. Additionally, it remains the only RSV immunization approved for pregnant individuals at 32 through 36 weeks of gestation to protect infants from birth up to 6 months of age.
|
ANRO | Hot Stocks16:45 EDT Alto Neuroscience CEO says 'strong cash balance to support us' - CEO Amit Etkin states: "We are disheartened by the results from this study as the unmet need in this patient population is immense. While the results are surprising and disappointing, I am proud of our team for conducting a first-of-its-kind precision biomarker-based study in psychiatry. We will move quickly to evaluate the full data set to better understand these findings and incorporate learnings from this large data set across our platform. We remain committed to our mission of helping patients get better faster by bringing precision medicine to psychiatry, and we expect our strong cash balance to support us through multiple near-term clinical milestones across our pipeline."
|
PKG | Hot Stocks16:42 EDT Packaging Corp. up 2% afterhours at $222 after Q3 earnings beat
|
STX | Hot Stocks16:41 EDT Seagate down 3% afterhours at $109.51 after Q1 results
|
MANH | Hot Stocks16:40 EDT Manhattan Associates down 7% afterhours at $272 after Q3 results
|
SEIC | Hot Stocks16:36 EDT SEI Investments approves $400M increase to its stock repurchase program - The Board of Directors of SEI Investments Company approved an increase in its stock repurchase program by an additional $400M, increasing the available authorization under the program to approximately $429M, which includes $29M remaining under the company existing share repurchase authorization.
|
ANRO | Hot Stocks16:35 EDT Alto Neuroscience falls 47% after announcing ALTO-100 did not meet endpoint - The company also announces it "expects its current cash position to fund planned operations into 2027 and through multiple upcoming clinical readouts, including two additional readouts in MDD with ALTO-203 and ALTO-300 expected in the first half of 2025." Shares are down 47% or $6.78 afterhours at $7.75.
|
OCUP | Hot Stocks16:35 EDT Ocuphire Pharma trading resumes
|
ANRO | Hot Stocks16:33 EDT Alto Neuroscience's Phase 2b study of ALTO-100 did not meet primary endpoint - Alto Neuroscience "announced that the Phase 2b study of ALTO-100 in patients with major depressive disorder did not meet its primary endpoint, assessed by a change from baseline in Montgomery-Asberg Depression Rating Scale, compared to placebo. The favorable safety and tolerability profile of ALTO-100 was consistent with previously reported studies. The randomized, double-blind, placebo-controlled Phase 2b study was designed to evaluate ALTO-100 in adults with MDD, defined by an objective, memory based cognitive biomarker assessed prior to randomization. The primary endpoint was the change from baseline to the end of the 6-week double-blind treatment period on the MADRS, which is the standard regulatory endpoint in depression. The study was conducted across 34 sites in the U.S. and enrolled 301 adults with MDD. The biomarker-defined MDD patient group treated with ALTO-100 did not demonstrate a statistically significant improvement in depressive symptoms compared to placebo. ALTO-100 did not demonstrate benefit over placebo on the pre-specified key secondary analyses. ALTO-100 continued to demonstrate a favorable safety and tolerability profile, with no new safety signals observed in this study as compared to the previously completed clinical trials of ALTO-100. The most common adverse events from the trial related to treatment with ALTO-100 were headache, nausea, and abnormal dreams - all of which were experienced at similar rates to placebo. The Company expects to complete analysis of the full data set to determine the most appropriate next steps, if any, to further evaluate ALTO-100 in MDD."
|
FBMS | Hot Stocks16:32 EDT First Bancshares receives shareholder approval for Renasant deal - The First Bancshares announced that the previously announced merger between The First and Renasant Corporation, pursuant to the Agreement and Plan of Merger, dated as of July 29, 2024, has been approved by its shareholders. Completion of the transaction remains subject to customary closing conditions, including the receipt of required regulatory approvals.
|
AVY KR | Hot Stocks16:31 EDT Avery Dennison expands RFID adoption in grocery retail industry - Avery Dennison (AVY) "announced it will begin working with The Kroger Co. (KR) to build a better associate and customer experience through RFID inventory automation technology. This collaboration makes item-level digital identification possible, enabling more frequent and more accurate inventory information to maximize freshness, reduce waste and improve the associate experience. This strategic collaboration will begin in the bakery department, implementing RFID-embedded labels on each item, providing significant time savings and valuable data to automate inventory management and freshness optimization. It is a foundational step in delivering a more seamless customer and associate experience across all fresh categories long term."
|
MCD | Hot Stocks16:25 EDT McDonald's sinks after E. coli outbreak linked to Quarter Pounder hamburgers - Shares of McDonald's are down over 10% in after hours trading after the CDC said an E. coli outbreak is linked to the company's Quarter Pounder hamburgers. The CDC said "This is a fast-moving outbreak investigation. Most sick people are reporting eating Quarter Pounder hamburgers from McDonald's and investigators are working quickly to confirm which food ingredient is contaminated. McDonald's has pulled ingredients for these burgers, and they won't be available for sale in some states." The CDC added that of the 49 cases reported in 10 states, there have been 10 hospitalizations and 1 death. Most of the illnesses have occurred in Colorado and Nebraska. McDonald's reported to CDC that it has stopped using fresh slivered onions and quarter pound beef patties in several states. McDonald's is proactively making these changes while investigators work to confirm the contaminated ingredient. Reference Link
|
MCD | Hot Stocks16:23 EDT McDonald's sinks 9% to $285 after CDC says burgers linked to E.coli
|
OCUP | Hot Stocks16:23 EDT Ocuphire Pharma acquires Opus Genetics in all-stock transaction, to switch name - Ocuphire Pharma announced the all-stock acquisition of Opus Genetics. In connection with the merger, the combined company will be renamed Opus Genetics, effective October 23 and will trade on Nasdaq under the ticker symbol (IRD) effective October 24. The combined company now has an expanded pipeline that includes multiple assets from its adeno-associated virus, or AAV-based, gene therapy portfolio, which is currently being developed for IRDs, as well as Phentolamine Ophthalmic Solution 0.75%, which is currently being evaluated in presbyopia and dim light vision disturbances after keratorefractive surgery. Due to the capital requirements and developmental timelines of APX3330, an oral small-molecule inhibitor of Ref-1 for the treatment of non-proliferative diabetic retinopathy, the company will seek a strategic partner to advance the clinical development of the late-stage diabetic retinopathy program and will redirect its existing resources towards the acquired gene therapy programs. The most advanced gene therapy candidate, OPGx-LCA5, is being developed to treat LCA5, an early-onset retinal degeneration, and an open-label, dose-escalation Phase 1/2 clinical trial is ongoing. The trial has shown early clinical proof-of-concept, with new six-month data demonstrating visual improvement in three out of three adult patients participating in the trial, each of whom has late-stage disease. Enrollment of the first pediatric patients in the Phase 1/2 trial is expected in the first quarter of 2025, with the first data anticipated in the third quarter of 2025. As the program has received Rare Pediatric Disease Designation and Orphan Drug Designation from the FDA, OPGx-LCA5 will be eligible to receive a priority review voucher upon biologics license application approval. The expected cash runway of the combined company has been extended into 2026, during which period the company anticipates clinical data readouts for pediatric patients in the OPGx-LCA5 Phase 1/2 trial, the initial patients of the OPGx-BEST1 Phase 1/2 trial, the LYNX-2 Phase 3 trial, and the VEGA-3 Phase 3 trial. The LYNX-2 Phase 3 trial in patients with decreased visual acuity under low light conditions following keratorefractive surgery and the VEGA-3 Phase 3 trial for presbyopia are actively enrolling, with top-line data expected in the first quarter and first half of 2025, respectively. In connection with the acquisition, Ocuphire issued 5.2M shares of its common stock and 14.1 thousand shares of its convertible preferred stock to existing stockholders of Opus Genetics. The shares of convertible preferred stock will be convertible into shares of common stock, subject to stockholder approval at the company's annual meeting of stockholders, to be held in April 2025. Following the issuances, pre-acquisition stockholders of Ocuphire will own approximately 58% of the combined company's fully diluted capitalization, and pre-acquisition stockholders of Opus Genetics will own approximately 42% of the combined company's fully diluted capitalization.
|
D | Hot Stocks16:22 EDT Dominion closes transaction to sell 50% interest in CVOW to Stonepeak - Dominion Energy announced that it has closed on a transaction to sell a 50% noncontrolling interest in the Coastal Virginia Offshore Wind, or CVOW, commercial project to Stonepeak. Dominion Energy will retain full operational control of the construction and operations of the project, and Stonepeak will have customary minority rights. With this transaction, Dominion Energy has now successfully completed its business review debt reduction initiatives. During the review, the company announced transactions that represent approximately $21B of debt reduction. With the closings of the Cove Point LNG, East Ohio Gas, Questar Gas and Wexpro, and Public Service Company of North Carolina sales; and completion of the fuel securitization at Dominion Energy Virginia and the offshore wind partnership, Dominion Energy has now achieved 100% of the business review target. The 2.6-gigawatt CVOW, the largest offshore wind farm currently under construction in the United States, is on schedule to generate enough clean, renewable energy to power up to 660,000 homes once fully constructed in late 2026. CVOW will consist of 176 turbines and three offshore substations in a nearly 113,000-acre lease area off the coast of Virginia Beach. At closing, Dominion Energy received proceeds of $2.6B, representing reimbursement of approximately 50% of project-to-date capital investment. Stonepeak will fund 50% of remaining project costs as they are incurred, subject to certain conditions as previously disclosed.
|
ARTV... | Hot Stocks16:21 EDT Artiva Biotherapeutics appoints Alison Moore, Ph.D., to Its Board of Directors - Artiva Biotherapeutics (ARTV) announced the appointment of Alison Moore, Ph.D., as an independent member of its Board of Directors. Dr. Moore brings over 25 years of executive experience in the biotechnology and pharmaceutical industry, including an extensive background in cell therapy manufacturing. She currently serves as Chief Technical Officer CTO of Codexis (CDXS), a leading enzyme engineering company, and was the former CTO of Allogene Therapeutics (ALLO), a pioneering clinical-stage company advancing CAR T-cell therapies. "We are honored to welcome Alison to the Artiva Board of Directors. Her decades of executive experience in manufacturing and technical operations across modalities, specifically in allogenic cell therapies, will bring an important perspective to our team as we advance our pipeline in the clinic," said Fred Aslan, M.D., CEO of Artiva. "In parallel to our efforts to evaluate the efficacy and safety of AlloNK we believe the extensive history of our manufacturing process sets us apart from our allogeneic cell therapy peers, potentially accelerating our path to bring this experimental therapy to patients."
|
MTDR | Hot Stocks16:21 EDT Matador raises fixed quarterly dividend 25% to 25c per quarter - Matador said its Board of Directors increased its fixed quarterly dividend by 25% to $0.25 per quarter, or $1.00 per share on an annual basis, from the prior dividend of $0.20 per quarter. This was the fifth dividend increase in four years and is further evidence of the confidence of the Board and our senior staff in Matador's future. Since 2021, Matador has doubled the value of its assets and returned $230 million in dividends to its shareholders.
|
MTDR | Hot Stocks16:20 EDT Matador raises FY24 production view to 167.5K-172.5K Boe/d - In addition, Matador's operations team continues to reduce drilling and completion times, which has allowed Matador to advance completion operations for 11 wells on its Firethorn and Pimento acreage that was acquired in the Ameredev acquisition into the fourth quarter of 2024, as opposed to completing most of these wells in the first quarter of 2025. Accelerating these completions should allow Matador to make more capital-efficient use of its stimulation crews that will enable Matador to turn to sales these additional wells in January 2025, which is two to three months earlier than previously expected. In addition, Matador optimized its drill schedule during 2024 and now expects to turn to sales 101.9 net operated wells for full-year 2024 as compared to its prior expectation of 97.9 net operated wells turned to sales during full-year 2024. As a result of accelerating the completion of the 11 additional wells and the 4.0 additional net operated wells expected to be turned to sales in 2024, Matador increased its full-year 2024 capital expenditure guidance range by $50 million.
|
SBUX | Hot Stocks16:20 EDT Starbucks falls 4% to $92.75 after preliminary results miss estimates
|
NBR | Hot Stocks16:20 EDT Nabors Industries sees FY24 adjusted free cash flow $100M-$130M
|
MTDR | Hot Stocks16:19 EDT Matador sees Q4 average daily oil equivalent production 171,480 Boe/d - Matador anticipates its average daily oil equivalent production of 171,480 BOE per day in the third quarter of 2024 to grow by 15% to a midpoint of approximately 198,000 BOE per day in the fourth quarter of 2024. This production growth is a result of the production associated with the Ameredev acquisition as well as continued strong results from Matador's existing assets. Matador is currently operating nine drilling rigs in the Delaware Basin and expects to operate nine drilling rigs for the remainder of 2024. Matador elected to accelerate the completion of 11 additional wells on the newly acquired Ameredev properties and expects 4.0 additional net operated wells to be turned to sales in 2024 on other properties. Due to this accelerated timing difference, Matador increased its full-year 2024 capital expenditure guidance range by $50 million. At October 22, 2024, Matador expects D/C/E capital expenditures for the fourth quarter of 2024 will be approximately $205 to $305 million, which is still a 23% decrease as compared to $329.9 million for the third quarter of 2024. Matador estimates its proportionate share of midstream capital expenditures (over 90% allocated to Pronto) to be approximately $42 to $62 million in the fourth quarter of 2024, which is a 6% increase as compared to $48.9 million in the third quarter of 2024 due to the construction schedule of Pronto's new processing plant, which is on time and on budget.
|
NBR | Hot Stocks16:19 EDT Nabors Industries sees FY24 CapEx approximately $600M - Sees full-year capital expenditures of approximately $600M, with $230M for the SANAD newbuilds. This forecast includes accelerated timelines from SANAD's rig supplier totaling an estimated $40M.
|
GYRE | Hot Stocks16:18 EDT Gyre: Last patient completes trial evaluating F351 for CHB-liver fibrosis - Gyre Therapeutics announced that the last patient in Gyre Pharmaceuticals' pivotal Phase 3 trial in the People's Republic of China or PRC evaluating F351 hydronidone for Chronic Hepatitis B CHB -associated liver fibrosis has completed the 52-week study. Gyre Pharmaceuticals expects to report topline data from this trial by the first quarter of 2025. "The final patient completing our pivotal F351 Phase 3 trial marks an important milestone for Gyre and our development pipeline. We are grateful to the patients, researchers, trial investigators, and various teams who supported this trial and look forward to sharing data in the first quarter of 2025," said Han Ying, Ph.D., CEO of Gyre Therapeutics. "Furthermore, we are excited to potentially use these results to spur initiation of our Phase 2 clinical trial in the United States evaluating F351 for Metabolic Dysfunction-Associated Steatohepatitis MASH -associated fibrosis in 2025."...China's National Medical Products Administration NMPA designated F351 as a "Breakthrough Therapy" in 2021.
|
GTY | Hot Stocks16:17 EDT Getty Realty increases quarterly dividend 4.4% to 47c per share - Getty Realty announced that its board of directors declared a cash dividend of 47c per common share, an increase of 4.4% over the previous quarterly dividend. The dividend is payable on January 9, 2025 to holders of record on December 26.
|
MBIO | Hot Stocks16:17 EDT Mustang Bio treatment of malignant glioma granted FDA orphan status - Mustang Bio was granted orphan designation from the FDA for a treatment of malignant glioma, according to a post to the agency's website. Reference Link
|
HRTG | Hot Stocks16:15 EDT Heritage Insurance sees Q3 catastrophe losses $48M - Heritage Insurance Holdings announced estimated losses for Hurricanes Debby, Helene, and Milton. The Company expects to incur approximately $48M of net current accident quarter catastrophe losses stemming from Hurricanes Debbie and Helene in the Q3. Despite the impact of the hurricanes, the Company expects to deliver positive net income for the Q3. The Company expects to incur approximately $57M of net current accident quarter catastrophe losses stemming from Hurricane Milton in the Q4. On the day after Hurricane Milton struck Florida, the Company had assembled claims handing resources in several locations including over 2,000 adjusters and more than 200 emergency service vendors ready to assist our policy holders. Twelve days following the storm the Company has received 5,435 claims with the average wait time for policy holders calling in their claims of under one minute. The reported claim count for Hurricane Milton is just under 50% of that experienced during Hurricane Ian during the same time frame. Ernie Garateix, CEO at Heritage, commented, "Overall, we are in a strong financial position and backed by a $1.30B reinsurance tower. We expect gross losses from hurricane Milton to possibly reach the third layer of our reinsurance tower which starts at $450M and goes to $914M. We continue to maintain a robust level of reinsurance coverage through year end 2024."
|
SBUX | Hot Stocks16:13 EDT Starbucks reports FY24 SSS down 2% - The company states: "For the full fiscal year 2024, global comparable store sales declined 2%, and consolidated net revenues increased 1% to $36.2 billion, also a 1% increase on a constant currency basis. GAAP earnings per share is $3.31, down 8% over prior year. Non-GAAP earnings per share is also $3.31, declining 6% on a constant currency basis. The lower-than-expected performance for the full fiscal year was a result of pronounced traffic decline, including a cautious consumer environment, and our targeted and accelerated investments not improving customer behaviors, as well as the macro and competitive environment in China pressuring our results further."
|
CSGP | Hot Stocks16:12 EDT CoStar Group to acquire Visual Lease, terms not disclosed - CoStar Group announced that it has reached a definitive agreement to acquire Visual Lease. The strategic acquisition will enhance CoStar Group's Real Estate Manager business line and provide additional lease management and lease accounting value to corporations of all sizes, the company said. "Visual Lease and CoStar Real Estate Manager are driven by the same mission of integrating all lease management portfolio functions into one user-friendly platform. Bringing Visual Lease into the CoStar Group family will allow us to create the best possible experience for our customers," said Andy Florance, Founder and Chief Executive Officer of CoStar Group. "By combining CoStar Group's industry expertise with Visual Lease's diverse customer base, deep lease portfolio management expertise, and leading sustainability solutions, we are well positioned to offer a more comprehensive service offering and continue growing both nationally and internationally. I look forward to welcoming the Visual Lease team to CoStar Group and working together to develop new capabilities to better serve our clients."
|
SBUX | Hot Stocks16:11 EDT Starbucks reports Q4 SSS down 7% - The company states: "The company's results were primarily driven by softness in North America's revenues in the quarter, specifically a 6% decline in U.S. comparable store sales, driven by a 10% decline in comparable transactions, partially offset by a 4% increase in average ticket. The accelerated investments in an expanded range of product offerings coupled with more frequent in-app promotions and integrated marketing to entice frequency across the customer base did not improve customer behaviors, specifically traffic across both Starbucks Rewards and non-SR customer segments, resulting in lower-than-expected performance. Additionally, China comparable store sales declined 14%, driven by an 8% decline in average ticket compounded by a 6% decline in comparable transactions, weighed down by intensified competition and a soft macro environment that impacted consumer spending."
|
GNLX | Hot Stocks16:09 EDT Genelux:1st patient dosed in VIRO-25 trial with Olvi-Vec in NSCLC - Genelux Corporation announced that the first patient has been dosed in the U.S.-based Phase 2 or VIRO-25, trial evaluating systemically delivered Olvi-Vec in patients with recurrent non-small cell lung cancer NSCLC who have failed frontline platinum and immune checkpoint inhibitor ICI therapie"Today's milestone holds profound significance for patients with recurrent non-small cell lung cancer who face limited therapeutic options," said Thomas Zindrick, President, CEO and Chairman of Genelux. "This Phase 2 trial, in addition to our ongoing Phase 1b/2 trial evaluating intravenous delivered Olvi-Vec in patients with recurrent small cell lung cancer, co-sponsored with Newsoara Biopharma signifies the key advancement of Olvi-Vec to potentially be an important systemically administered oncolytic virus treatment option, setting the stage for the future of this promising field." ...Olvi-Vec's previous data suggests a manageable safety profile, and this trial looks to further confirm the hypothesis that Olvi-Vec may resensitize to platinum in multiple tumor types. Genelux expects interim data readout in mid-2025.
|
STX | Hot Stocks16:07 EDT Seagate raises quarterly dividend to 72c per share from 70c - The dividend is payable on January 6, 2025 to shareholders of record as of the close of business on December 15, 2024.
|
ALSN | Hot Stocks16:07 EDT Allison Ventures makes investment in Agtonomy - Allison Ventures, Allison Transmission's venture capital arm, has made a strategic investment in Agtonomy, a software and services company specializing in advanced autonomous and AI solutions for agriculture and industrial applications. With this investment Allison will support Agtonomy in enhancing commercial productivity and operational efficiency through advanced automation and connectivity. Founded in 2021, Agtonomy integrates its technology into well-known tractors and equipment, converting them into a digitally controlled, task-oriented system for agriculture that prioritizes safety, profitability and environmental sustainability. The California-based company has quickly distinguished itself with its innovative teleguidance application, which allows a single user to monitor and control a fleet, significantly reducing labor costs and increasing productivity for farmers.
|
ROL | Hot Stocks16:06 EDT Rollins raises quarterly dividend 10% to 16.5c per share - Rollins announced that the Board of Directors declared a regular quarterly cash dividend on its common stock of 16.5c per share payable December 10 to shareholders of record at the close of business on November 12. This represents an increase of 10% from the same quarter a year ago.
|
SBUX | Hot Stocks16:05 EDT Starbucks raises quarterly dividend to 61c per share from 57c - The dividend is payable on November 29, 2024, to shareholders of record on November 15, 2024, and raises the company's annual dividend rate to $2.44 per share.
|
TXN | Hot Stocks16:03 EDT Texas Instruments CEO: Industrial continued to decline sequentially - Regarding the company's performance and returns to shareholders, Haviv Ilan, TI's president and CEO, made the following comments: "Revenue decreased 8% from the same quarter a year ago and increased 9% sequentially. Industrial continued to decline sequentially, while all other end markets grew. Our cash flow from operations of $6.2 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion. Over the past 12 months we invested $3.7 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.2 billion to owners. TI's fourth quarter outlook is for revenue in the range of $3.70 billion to $4.00 billion and earnings per share between $1.07 and $1.29. We continue to expect our fourth quarter effective tax rate to be about 13%."
|
OCUP | Hot Stocks16:01 EDT Ocuphire Pharma trading halted, news pending
|
WMT | Hot Stocks15:49 EDT California AG announces $7.5M settlement with Walmart - California Attorney General Rob Bonta announced a settlement with Walmart, resolving allegations that the retail corporation unlawfully disposed hazardous waste and medical waste from their facilities statewide to municipal landfills. As part of the settlement, Walmart will be required to pay $7.5M in penalties and costs and comply with injunctive terms. Attorney General Bonta is joined by the California Department of Toxic Substances Control and the district attorneys of Alameda, Fresno, Monterey, Orange, Riverside, Sacramento, San Bernardino, San Diego, San Joaquin, Solano, Tulare, and Yolo Counties, the AG stated. Reference Link
|
QCOM... | Hot Stocks15:30 EDT Qualcomm debuts Snapdragon Cockpit Elite and Snapdragon Ride Elite platforms - At Snapdragon Summit, Qualcomm Technologies (QCOM) said it "unveiled its most powerful automotive platforms. Powered by Qualcomm Oryon CPU, Qualcomm Technologies' fastest CPU now tailored for automotive, these Elite tier automotive platforms are the latest addition to the Snapdragon Digital Chassis Solution portfolio, designed to bring unmatched power and intelligence to next-generation vehicles. Automakers have the option to utilize Snapdragon Cockpit Elite to power advanced digital experiences and Snapdragon Ride Elite to power automated driving capabilities." The Snapdragon Cockpit Elite and Snapdragon Ride Elite will be available for sampling in 2025. Technology collaborations are underway with leading car manufacturers, including Li Auto (LI) and Mercedes-Benz (MBGYY), who will feature Snapdragon Elite tier automotive platforms in their future commercialized vehicles. "We are incredibly excited for the new Snapdragon Cockpit Elite and Snapdragon Ride Elite solutions and the transformative potential they hold for next-generation vehicles,' said Donghui Ma, President of Li Auto. "The automotive industry is on the cusp of a revolution, leveraging the latest advancements in computing, artificial intelligence, and software to deliver unparalleled experiences for drivers and passengers alike. We look forward to working with Qualcomm Technologies to combine our innovative spirit with these new solutions to redefine in-vehicle experiences," said the company. Reference Link
|
BSGM | Hot Stocks15:21 EDT BioSig Technologies to resume trading on Nasdaq following successful appeal - BioSig Technologies announced its successful appeal to the Nasdaq Panel, and as a result the company's common stock will resume trading on the Nasdaq at the open of trading on Wednesday, October 23. The company was granted an extension until March 7, 2025, a 360-day grace period from the point at which the Market Value of Listed Securities, or MVLS, requirement previously became non-compliant. BioSig's CEO, Anthony Amato stated, "We'd like to thank Nasdaq and its leadership for their diligence and attention to detail working through the complexity of our case. We additionally would like to extend our gratitude and appreciation to our attorneys and advisors who provided us with excellent guidance during this appeal. Lastly, I would like to thank our many shareholders for their continued support during this extremely challenging year. This is a very positive development for our company, as we are determined to restore shareholder value."
|
QCOM... | Hot Stocks15:15 EDT Qualcomm debuts Snapdragon Cockpit Elite and Snapdragon Ride Elite platforms - "...at Snapdragon Summit, Qualcomm Technologies (QCOM), unveiled its most powerful automotive platforms. Powered by Qualcomm Oryon CPU, Qualcomm Technologies' fastest CPU now tailored for automotive, these Elite tier automotive platforms are the latest addition to the Snapdragon Digital Chassis Solution portfolio, designed to bring unmatched power and intelligence to next-generation vehicles. Automakers have the option to utilize Snapdragon Cockpit Elite to power advanced digital experiences and Snapdragon Ride Elite to power automated driving capabilities...The Snapdragon Cockpit Elite and Snapdragon Ride Elite will be available for sampling in 2025. Technology collaborations are underway with leading car manufacturers, including Li Auto and Mercedes-Benz (MBGYY), who will feature Snapdragon Elite tier automotive platforms in their future commercialized vehicles. "We are incredibly excited for the new Snapdragon Cockpit Elite and Snapdragon Ride Elite solutions and the transformative potential they hold for next-generation vehicles," said Mr. Donghui Ma, President of Li Auto (LI). "The automotive industry is on the cusp of a revolution, leveraging the latest advancements in computing, artificial intelligence, and software to deliver unparalleled experiences for drivers and passengers alike. We look forward to working with Qualcomm Technologies to combine our innovative spirit with these new solutions to redefine in-vehicle experiences," said the company in part, in an earlier release... Reference Link
|
DYNDF | Hot Stocks14:41 EDT Dye & Durham confirms it expanded review scope to consider a possible sale - Dye & Durham Limited, at the request of CIRO, responded to a media report that it is exploring a sale after receiving takeover interest. The company confirms that it has expanded the scope of its previously commenced strategic review process to consider additional opportunities to enhance shareholder value that may include, but are not limited to, a sale of the company, merger, divestiture of assets, or other strategic transactions. There can be no assurance that the strategic review process will result in any transaction or other alternative, nor any assurance as to its outcome or timing. There is no timetable for completion of this process and Dye & Durham does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate.
|
HMC | Hot Stocks14:21 EDT Honda recalls 720,000 vehicles in U.S. over faulty pump - Honda is recalling up to 720,810 vehicles in North America over faulty fuel pump concerns. A high-pressure fuel pump in such vehicles may crack and leak fuel, with a fuel leak in the presence of an ignition source increasing the risk of a fire, the car maker told the U.S. National Highway Traffic Safety Administration. The recall covers certain Accord, CR-V Hybrid, and Honda Civic vehicles from model years 2023-2025. The recall includes up to 720,810 vehicles in the U.S. and roughly 61,000 in Canada, Reuters has noted. Reference Link
|
NXL | Hot Stocks14:16 EDT Nexalin announced planned clinical trial utilizing Gen-3 Halo headset - Nexalin Technology announced plans to commence a new clinical trial in collaboration with the University of California, San Diego. Dr Ming Xiong Huang, the UCSD principal investigator, will utilize his affiliation with the San Diego VA to recruit some of the patients for the study who have been victims of Traumatic Brain Injury. This trial will focus on the effectiveness of Nexalin's next-generation Gen-3 Halo headset, designed to be used in a virtual clinic model, allowing patients to receive treatment from the convenience and privacy of their own home thus overriding the inconvenience and stigma of visiting a psychiatry office or VA Hospital. This breakthrough approach aims to expand access to care for veterans suffering from mild Traumatic Brain Injury without the need for frequent hospital or clinic visits. The Gen-3 Halo headset incorporates Nexalin's proprietary Deep Intracranial Frequency Stimulationtechnology, utilizing an advanced 15 milliamp waveform. Building on the success of a previous trial using the Gen-2 15 mAmp console device, the Gen-3 model offers enhanced convenience for in-home treatment while maintaining clinical precision. The new trial will seek to replicate the earlier results, which showed significant improvements in MEG signals and reductions in pain symptoms for mTBI patients. The study titled, "MEG Study of the Transcranial Electrical Stimulation Treatment for Mild Traumatic Brain Injury using the Nexalin Halo Headset that Utilizes the Advanced 15 Milliamp Waveform," will evaluate the effects of Nexalin's Gen-3 Halo headset on brain activity and symptom relief in veterans, all while leveraging the ease and accessibility of virtual treatment. Nexalin's program is aligned with the Veterans Administration's stated objective of expanding therapeutic telehealth services and expertise for veterans suffering with mTBI, as indicated in their 2025 Professional Judgement Budget. This budget also included over $17B allocated towards veterans' mental health services, which represents a significant area of interest for the VA.
|
TGT | Hot Stocks14:07 EDT Target to cut prices on over 2,000 items ahead of holiday season - Target Corporation announced it will reduce regular prices on more than 2,000 items across owned and national brands this holiday season, including food and beverages, everyday essentials, holiday gifts and items to prep the home for the holidays. The move will help consumers save on items for holiday preparations and gifting, like toys, board games, beauty products, bath towels, snacks, beverages, frozen vegetables, cookies, ice cream, toilet paper, cough and cold medicine and more. "We know families are excited to celebrate the holidays, so Target is committed to helping them find joy without compromise - with great products across our assortment at even lower prices," said Rick Gomez, executive vice president and chief commercial officer, Target. "From meal prep and gifting to everyday needs, Target's offering the kind of exceptional value that'll make it even easier for everyone to save money as they embrace the magic of the season."
|
STLD | Hot Stocks13:49 EDT Steel Dynamics' VP Anderson sells $1.3M in company shares - Steel Dynamics' VP James Anderson disclosed the sale of 10,000 shares of company stock at $129.55 per share on October 22, for a total transaction amount of $1,295,450.
|
CSX | Hot Stocks13:44 EDT CSX reports tentative pacts with IBEW, NCFO and ratifies SMART-TD deal - CSX announced it has secured new five-year tentative collective bargaining agreements with the International Brotherhood of Electrical Workers, or IBEW, and National Conference of Firemen & Oilers, or NCFO, as well as the ratification of a labor agreement with the SMART-TD yardmasters. "The tentative agreements, which are pending ratification by the unions' membership at CSX, were reached before the current collective agreements become amendable under the federal Railway Labor Act. To date, CSX has reached proactive agreements with 13 labor unions, covering 17 different work groups, accounting for almost 60 percent of its unionized workforce. The terms of the agreements are aligned, providing equivalent packages of improved wages, health care, and paid time off benefits. CSX remains committed to working with other unions and crafts to reach similar agreements over the coming days and continuing to partner with employees to make meaningful improvements in their work environment," the company stated.
|
JOBY ACHR | Hot Stocks13:06 EDT FAA issues final rule for pilot training, qualifications for powered lifts - The Federal Aviation Administration, or FAA, said it is "ready for powered lift, which will be the first completely new category of civil aircraft since helicopters were introduced in the 1940s. Powered lift operations include air taxis, cargo delivery and a variety of operations within urban and rural areas." The agency has issued a final rule for the qualifications and training that instructors and pilots must have to fly aircraft in this "powered-lift" category, which have characteristics of both airplanes and helicopters. The rule also addresses their operational requirements, including minimum safe altitudes and required visibility. The rule is the final piece in the puzzle for safely introducing these aircraft in the near term. The rule makes changes to numerous existing regulations and establishes a Special Federal Aviation Regulation with new requirements to facilitate instructor and pilot certification and training; applies helicopter operating requirements to some phases of flight and adopts a performance-based approach to certain operating rules; allows pilots to train in powered-lift with a single set of flight controls; legacy rules require two flight controls - one for the student and one for the instructor. Publicly traded companies in the space include Joby Aviation (JOBY) and Archer Aviation (ACHR).
|
PURE | Hot Stocks13:02 EDT PURE Bioscience enters distribution agreement with Madison Chemical - PURE Bioscience and Madison Chemical Co. have entered into a multi-year distribution agreement for the purchase and selling of SDC products under special terms and conditions.
|
SPOT TTD | Hot Stocks12:18 EDT Spotify, Trade Desk move higher after Axios report of ad exchange
|
HSBC | Hot Stocks12:11 EDT HSBC appoints Pam Kaur as group CFO - In an earlier filing, HSBC Holdings announced the appointment of Pam Kaur as Group CFO and an Executive Director of the Board of Directors effective 1 January 2025. Pam, who joined the Group in April 2013 as Group Head of Audit, is currently Group Chief Risk and Compliance Officer. Jon Bingham, interim GCFO, will resume his role of Global Financial Controller.
|
HSBC | Hot Stocks12:09 EDT HSBC simplifies organizational structure into four businesses - In an earlier regulatory filing, HSBC Holdings announced that it is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. From 1 January 2025, the Company will operate through four businesses with clear lines of responsibility: Hong Kong; UK; Corporate and Institutional Banking; International Wealth and Premier Banking. The company said, "The changes will reduce the duplication of processes and decision making that are built into the current structure and will result in greater alignment and agility in serving our customers. The Group's functions will be realigned to support the four new businesses. Being the market leader in our home market of Hong Kong is one of our clear strengths as a business and remains a top strategic priority. The new "Hong Kong Business" will comprise "Personal Banking" and "Commercial Banking" under the business oversight of David Liao and Surendra Rosha at the Group Operating Committee, for both HSBC as well as Hang Seng Bank. Our UK ring-fenced bank has a leading market position in our home market of the UK and will continue to be a critical pillar of our strategy. The new "UK Business" will comprise UK "Personal Banking" and UK "Commercial Banking," including Innovation Banking under the sole business oversight of Ian Stuart. We are a market leader in global wholesale banking, especially in cross-border Transaction Banking, and in Capital Markets, underpinned by a strong balance sheet with an enviable deposit franchise. HSBC's global network remains a key differentiator of our business, with our presence in more than 50 markets. We are creating a new Corporate and Institutional Banking business through the integration of our Commercial Banking business with our Global Banking and Markets business and with the geographic region of the Western Markets, which is a predominantly wholesale banking region. Michael Roberts will lead Corporate and Institutional Banking and Western Markets. One of our greatest strategic growth opportunities is in international wealth - particularly in Asia and the Middle East, capitalising on our established brand and heritage. Our new International Wealth and Premier Banking business will bring together our Premier banking focussed businesses outside of Hong Kong and the UK, our Global Private Bank, and our wealth manufacturing businesses, Asset Management and Insurance. Barry O'Byrne will lead International Wealth and Premier Banking. As part of our new Group organisational structure, we are simplifying our geographic set up. The "Eastern Markets" will bring together the Asia-Pacific region and the Middle East region and will be overseen by David Liao and Surendra Rosha. The "Western Markets" will comprise the non-ring-fenced bank in the UK, our Continental European business and the Americas and will be overseen by Michael Roberts. In line with the more simplified structure, the Group Executive Committee of 18 members will be replaced by a new Group Operating Committee comprised of 12 members. The Group OpCo will serve as the leading decision-making executive committee of the firm. These changes will be effective from 1 January 2025."
|
GM | Hot Stocks12:02 EDT General Motors rises 9.5% - General Motors is up 9.5%, or $4.64 to $53.57.
|
HRI | Hot Stocks12:01 EDT Herc Holdings rises 13.7% - Herc Holdings is up 13.7%, or $23.08 to $192.15.
|
LNC | Hot Stocks12:01 EDT Lincoln Financial names Jennifer Charters chief information officer - Lincoln Financial announced that Jennifer Charters will join the company as Executive Vice President, Chief Information Officer, effective November 18, 2024. Charters, a veteran financial services technology executive with 30 years of experience, will oversee all aspects of the firm's enterprise-wide technology and digital strategy and execution. She will report directly to Chairman, President and CEO, Ellen Cooper, and will be a member of the company's Senior Management Committee. Since 2018, Charters served as Executive Vice President and Chief Information Officer at Flagstar Bank, where she led the full breadth of the IT organization there. Prior to that, she was Chief Information Officer of Corporate Technology at Ally Financial. Charters spent the first decade-plus of her career at Accenture focused on large-scale systems development, process improvement and change-enablement solutions, including supporting an array of insurance, financial services, and telecommunications organizations. Charters holds a Bachelor of Science in Computer Science from Michigan State University and an MBA from the University of Michigan. She is an Advisory Board Member for the Michigan Council of Women in Technology and served as the organization's President in 2021. Jen's commitment to advancing women in technology aligns with Lincoln's core values.
|
MLI | Hot Stocks12:01 EDT Mueller Industries rises 14.1% - Mueller Industries is up 14.1%, or $10.13 to $82.21.
|
PII | Hot Stocks12:01 EDT Polaris falls -10.0% - Polaris is down -10.0%, or -$8.05 to $72.14.
|
STG | Hot Stocks12:00 EDT Sunlands Online falls -16.1% - Sunlands Online is down -16.1%, or -$1.23 to $6.45.
|
GPC | Hot Stocks12:00 EDT Genuine Parts falls -19.9% - Genuine Parts is down -19.9%, or -$28.51 to $114.61.
|
BNZI | Hot Stocks11:58 EDT Banzai regains compliance with Nasdaq minimum bid price rule - Banzai International announced that it has received notice from The Nasdaq Stock Market LLC informing the company that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rules for continued listing. To regain compliance with the Rule, the company's Class A common stock was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive business days; on October 18, Nasdaq informed the company it achieved compliance with such Rule.
|
MMLP | Hot Stocks11:53 EDT Martin Midstream Partners reaffirms commitment to pending transaction - Martin Midstream Partners issued the following statement in response to the press release issued by Nut Tree Capital Management and Caspian Capital: "The Conflicts Committee of the Board of Directors of Martin Midstream GP LLC, the general partner of MMLP, which consists of three independent directors, conducted a thorough nine-month evaluation with the support of independent legal and financial advisors and was diligent about the best path forward for MMLP, including actively considering proposals submitted by Nut Tree Capital Management and Caspian Capital. Following extensive negotiations, the Conflicts Committee unanimously and in good faith determined that the merger transaction with Martin Resource Management Corporation is fair and reasonable to, and in the best interests of, MMLP and the unaffiliated holders of the MMLP common units. The transaction provides an attractive premium valuation to MMLP unitholders, whereby each holder of the common units other than MRMC and its subsidiaries 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 as of October 3, 2024, the date the merger agreement was executed. Notably, the proposals submitted by Nut Tree and Caspian never represented a credible alternative or viable path forward. Further, the Nut Tree and Caspian proposals were predicated on acquiring the General Partner, which was not, and is not, for sale. Importantly, even their own press release noted that the hedge funds have "economic exposure" to MMLP common units, without disclosing any actual ownership. As debt investors in MMLP, with incremental derivative exposure to MMLP equity, Nut Tree's and Caspian's interests do not appear to be fully aligned with MMLP unitholders'. We look forward to engaging with unitholders as we work toward completing the transaction by the end of 2024."
|
DJT | Hot Stocks11:48 EDT Trump Media staff complains to board about management practices, NYT reports - Trump Media & Technology Group has soared on the stock market over the past month amid rising turmoil internally, the New York Times' Matthew Goldstein reports, citing people with knowledge of the matter. The company has dismissed or pushed out at least three senior managers in recent weeks after several workers anonymously sent a letter to the board accusing CEO Devin Nunes of mismanagement. In the letter, staff said Nunes' "directive" to hire foreign contractors was inconsistent with "the 'America First' principles we stand for" and noted Nunes has not formally addressed staff in two years, adding "this lack of transparency has left employees in the dark about the company's vision, strategy and future." Reference Link
|
MKC | Hot Stocks11:46 EDT McCormick sees 2028 total organic net sales $8B, operating income $1.4B
|
MKC | Hot Stocks11:46 EDT McCormick sees long-term EPS growth 9%-11%, net sales growth 4%-6% - Sees long-term operating income growth 7%-9%.
|
MKC | Hot Stocks11:44 EDT McCormick sees FY24 gross margin expansion 50-100bps
|
MKC | Hot Stocks11:42 EDT McCormick: Acquisitions a 'core strength' of long-term growth objectives
|
MKC | Hot Stocks11:37 EDT McCormick reaffirming long-term objectives - Comments taken from McCormick's Investor Day presentation.
|
RITR | Hot Stocks11:26 EDT Reitar Logtech Holdings Ltd trading resumes
|
LMT | Hot Stocks11:22 EDT Lockheed Martin says to provide more details in January on multiyear outlook
|
LMT | Hot Stocks11:22 EDT Lockheed Martin: Baseline sales through 2027 reflects low single digit growth - Sees 10-20bps improvement in segment margins per year. Sees low single digit growth CAGR in free cash flow through 2027.
|
RITR | Hot Stocks11:16 EDT Reitar Logtech Holdings Ltd trading halted, volatility trading pause
|
GOVX SIGA | Hot Stocks11:15 EDT Germany finds mpox infection in country contracted abroad - Germany's disease control agency, the Robert Koch Institute, announced that an mpox infection that was contracted abroad had been detected within the country. "The RKI does not currently assume an increased risk from clade I viruses in Germany, but is monitoring the situation very closely and will adapt its recommendations if necessary," the institute added. Reference Link
|
LMT | Hot Stocks11:11 EDT Lockheed Martin says investing heavily in autonomy, AI - Comments taken from Q3 earnings conference call.
|
ALTR | Hot Stocks11:11 EDT Altair Engineering up 8% after Reuters says company considering sale - Shares of Altair Engineering are up $7.36, or 8%, to $102.54 following Reuters' report about the company receiving acquisition interest.
|
LMT | Hot Stocks10:59 EDT Lockheed Martin sees FY24 segment op. profit $7.475B vs. prior $7.35B-$7.5B view - Sees FY24 share repurchases of roughly $3.7B vs. prior view of about $4B. Lockheed Martin said it is "well positioned" for growth in 2025 and beyond. Comments taken from Q3 earnings conference call presentation slides.
|
FHN | Hot Stocks10:32 EDT First Horizon General Counsel Charles Tuggle to retire in 2025 - First Horizon Corporation announced the appointment of Lang Wiseman as Deputy General Counsel, effective November 1, 2024. Wiseman will transition into the General Counsel position on January 1, 2025, succeeding Charles Tuggle, who will retire in 2025 after 16 years of service. Wiseman comes to First Horizon from the law firm Baker Donelson Bearman Caldwell & Berkowitz, P.C., where he represented a diverse portfolio of clients across various sectors.
|
WOLF | Hot Stocks10:30 EDT Wolfspeed higher after Jana discusses stake at activist conference - Shares of Wolfspeed moved higher after Jana Partners' Scott Ostfeld spoke about the firm's stake at the 13D Monitor Active-Passive Investor Summit. Ostfeld said Jana's stake in Wolfspeed is "significant" and that the firm sees "significant upside" in the shares. Shares of Wolfspeed moved off their lows following the comments. Jana initially disclosed a stake in Wolfspeed back in May.
|
FCX | Hot Stocks10:27 EDT Freeport-McMoRan says will continue to be disciplined in deploying capital - Reiterates financial policy priorities. Says global team is focused on driving value, committed to executing on operational plans.
|
SHW | Hot Stocks10:24 EDT Sherwin-Williams sees 'choppy' demand in 1H25 - Sherwin-Williams says that while several signals "are beginning to move from red to yellow and some from yellow to green," the company believes that demand is likely to remain "choppy" in the first half of 2025. Comments taken from Q3 earnings conference call.
|
FCX | Hot Stocks10:24 EDT Freeport-McMoRan reaffirms goal of 800M lbs/annum from leaching initiative - Says continuing to build momentum with leaching initiative. Says goal is achieve 800M lbs/annum from this initiative. Says advancing investments in automation, tailings infrastructure, housing at Bagdad. Says targeting investment decision in 2025 for Bagdad expansion. Says targeting incremental addition of 300M-400M lbs./year beginning in 2030s at Lone Star. Says targeting EIS submission for El Abra by year-end 2025. Says making progress on Kucing Liar project in Indonesia
|
FCX | Hot Stocks10:15 EDT Freeport-McMoRan working to restore smelter operations in Indonesia - Follows recent fire incident in gas cleaning facility. Says incident affected relatively 'small area' of overall project. Expects repair costs to be covered by insurance programs. Says mining operations in Central Papua and PMR project have not been impacted.
|
FCX | Hot Stocks10:11 EDT Freeport-McMoRan: 'Well-positioned' to benefit from fundamental copper outlook - Says team continues to deliver on operating plans. Says generated strong margins, cashflows during the quarter. Says leach technologies are delivering results. Says optimistic about markets company serves. Says continues to see secular demand trends associated with electrification. Says demand for China continues to be supported by investments in electrical grid. Comments taken from Q3 earnings conference call.
|
QTWO AMZN | Hot Stocks10:04 EDT Q2 announces expanded partnership with AWS to accelerate banking innovation - Q2 Holdings (QTWO) announced an expanded strategic partnership with Amazon Web Services (AMZN) to continue driving innovation for its bank, credit union, and fintech customers. As part of this collaboration, AWS and Presidio, a technology services and solutions provider and a premier consulting partner within the Amazon Partner Network, will help Q2 expand the use of the AWS platform to power its digital banking product, including Q2 Innovation Studio solutions. Q2 will leverage AWS innovation, including generative artificial intelligence technology, for its solution suite to help financial institutions automate critical and repetitive processes and better serve their consumer and business customers, the companies said in a statement.
|
BAESY | Hot Stocks10:02 EDT BAE Systems announces strategic partnership with Aerospike - BAE Systems announced a strategic partnership with Aerospike to develop future data-driven capabilities for the U.S. Army and other Department of Defense programs. Aerospike joins BAE Systems' Mission Advantage technology partnership program. "Aerospike is foundational to our data-centric solutions for the U.S. Army and DoD, as our customers push towards managing massive amounts of disparate data while leveraging advanced AI tools," said Daniel Perkins, director of Strategy & Technology Partnerships for BAE Systems' Intelligence & Security sector.
|
PM | Hot Stocks10:00 EDT Philip Morris rises 7.3% - Philip Morris is up 7.3%, or $8.65 to $127.61.
|
GM | Hot Stocks10:00 EDT General Motors rises 7.4% - General Motors is up 7.4%, or $3.60 to $52.53.
|
MLI | Hot Stocks10:00 EDT Mueller Industries rises 13.0% - Mueller Industries is up 13.0%, or $9.38 to $81.46.
|
OKLO | Hot Stocks10:00 EDT Oklo falls -11.7% - Oklo is down -11.7%, or -$2.62 to $19.69.
|
STG | Hot Stocks10:00 EDT Sunlands Online falls -15.8% - Sunlands Online is down -15.8%, or -$1.21 to $6.47.
|
GPC | Hot Stocks10:00 EDT Genuine Parts falls -17.4% - Genuine Parts is down -17.4%, or -$24.95 to $118.17.
|
ELAB | Hot Stocks09:59 EDT Elevai Biosciences engages KCRN Research to support IND efforts for EL-22 - Elevai Biosciences has engaged KCRN Research to support the Company's initial efforts to prepare for an Investigational New Drug application to the FDA for EL-22 in the treatment of obesity and muscle loss preservation. KCRN specializes in bridging the regulatory gap for Korean-originated assets like EL-22 and preparing early phase drug development projects for the FDA. The Company and CRO partner KCRN are gathering the development work required for the IND submission, including preparing and scheduling a pre-IND meeting with the FDA to determine the path forward for EL-22. The Company intends to complete an IND submission in 2025 and to initiate clinical trials in the U.S. to evaluate the myostatin approach in combination with one or more GLP-1 receptor agonists in obesity. EL-22, an engineered probiotic expressing myostatin on its surface, targets a clinically validated myostatin pathway that plays an important role in regulating muscle. Preclinical results of EL-22 from a 2022 study demonstrated physiological, physical and functional improvements in the dystrophic features of mdx mice, a mouse model of Duchenne muscular dystrophy. The Company believes that EL-22 offers a differentiated, oral approach as compared to other injection myostatin strategies being tested in obesity. It is believed that the mechanism of EL-22 induces mucosal immunity through the body's own anti-myostatin antibodies and has the potential to treat obesity in combination with popular weight loss therapeutics, including GLP-1 receptor agonists, by preserving muscle mass while decreasing fat mass.
|
UIS | Hot Stocks09:51 EDT Unisys settles SEC investigation into cybersecurity incidents for $4M - Unisys said it has reached a non-scienter-based administrative proceeding settlement, on a neither admit nor deny basis, with the Securities and Exchange Commission in connection with the SEC investigation the company previously disclosed. The violations relate to the company's policies, procedures, and risk disclosures related to certain cybersecurity incidents, and cybersecurity incident escalation matters that the Company disclosed in November 2022. This settlement fully resolves the company's SEC investigation. Unisys "concluded that it is in the best interests of the Company and its stockholders to constructively resolve this matter with the SEC." Under the terms of the settlement, the company consented to the entry of an order asserting violations of non-scienter-based provisions of the federal securities laws and rules promulgated thereunder and a cease and desist from committing or causing violations of those securities laws. The company agreed to pay within ten days of the entry of the order a $4M civil penalty, which was fully accrued in the company's 2023 financials.
|
AKA | Hot Stocks09:49 EDT a.k.a. Brands falls -7.0% - a.k.a. Brands is down -7.0%, or -$1.88 to $25.02.
|
GPC | Hot Stocks09:48 EDT Genuine Parts falls -17.7% - Genuine Parts is down -17.7%, or -$25.29 to $117.83.
|
STG | Hot Stocks09:48 EDT Sunlands Online falls -22.4% - Sunlands Online is down -22.4%, or -$1.72 to $5.96.
|
EXK | Hot Stocks09:48 EDT Endeavour Silver rises 4.8% - Endeavour Silver is up 4.8%, or 24c to $5.39.
|
GATX | Hot Stocks09:48 EDT GATX rises 6.0% - GATX is up 6.0%, or $7.86 to $138.89.
|
MLI | Hot Stocks09:47 EDT Mueller Industries rises 9.2% - Mueller Industries is up 9.2%, or $6.63 to $78.71.
|
PTON COST | Hot Stocks09:34 EDT Peloton up 2% to $5.61 after inking retail partnership with Costco
|
PTON COST | Hot Stocks09:33 EDT Peloton announces partnership to sell Bike+ in 300 Costco stores - Peloton Interactive (PTON) and Costco (COST) announced a partnership where Costco will sell the Peloton Bike+ in 300 of its U.S. stores and on Costco.com this holiday season. Starting November 1, Costco members will be able to purchase an exclusive Bike+ bundle through February 15, 2025. "This partnership marks Peloton's first seasonal retail collaboration in the United States, partnering with a company dedicated to bringing its 136 million loyal members the best possible value on quality, brand-name merchandise," the companies said in a statement. The Peloton Bike+ will be self assembly, is expected to retail for $1,999 in-store and $2,199 online including delivery, and comes with a 48-month warranty.
|
GM | Hot Stocks09:31 EDT General Motors expects an 'element of growth' in EVs in 2025 - Expects to realize "meaningful savings" in EV profitability in 2025. Says making improvements in efficiency of production.
|
NISN | Hot Stocks09:31 EDT Nisun International partners with Beijing Tong Ren Tang in traditional medicine - Nisun International has signed a strategic cooperation agreement with Beijing Tong Ren Tang, marking its entrance into the traditional Chinese medicine, or TCM, supply chain. The partnership focuses on sourcing Cornus officinalis, or Chinese dogwood, an ingredient in TCM. Nisun plans to broaden its sourcing efforts to include other essential TCM ingredients. Nisun has also initiated share repurchases under its recently announced $15M buyback program.
|
LEXX | Hot Stocks09:27 EDT Lexaria Bioscience announces partial 12-week results from WEIGHT-A24-1 study - Lexaria Bioscience has received partial 12-week body weight results from the recently completed animal study WEIGHT-A24-1. Lexaria is "strongly encouraged" that the DehydraTECH-liraglutide and select DehydraTECH-CBD groups B, C, and D outperformed all three of the Rybelsus and semaglutide DehydraTECH composition groups regardless of whether the semaglutide had or had not been processed with the salcaprozate sodium technology known as "SNAC". Rybelsus, which utilizes Novo Nordisk's proprietary SNAC technology, is the world's only orally administered GLP-1 drug brand. This Study is the world's first to evaluate the relative performance of liraglutide processed with DehydraTECH. In humans, semaglutide has been shown in other studies to be more than twice as effective at promoting weight loss as liraglutide . Thus, the outperformance of DehydraTECH-liraglutide compared to DehydraTECH-semaglutide is of notable interest. In this Study, the processed liraglutide in Study group H was administered orally even though it is injected when used by patients under the brand names Saxenda or Victoza. Lexaria notes that it has already filed patent applications to recognize the unique outperformance of liraglutide once processed with DehydraTECH delivery technology. Readers are cautioned to not compare results of this animal study to human weight loss studies, primarily because unlimited food and water has been provided to the animals for the entire duration of this Study. Offered unlimited food, many rats will reach morbid obesity. The primary value in this Study is the relative performance of the different Study groups, which has provided directional evidence for additional future work. For context, in an older Lexaria diabetic animal study DIAB-A22-1 reported on March 2, 2023 , the obese control group of animals that received no drug treatment , experienced 3.04% weight gain during the first 28 days of that study. During the initial acclimation phase of 34 days before the beginning of dosing in this Study, the animals gained 10.9% body weight on average. Actual weight decreases or slower rates of weight gain have since been achieved in the 12 weeks of dosing in all Study groups receiving DehydraTECH drug therapies. Importantly, accelerated rates of weight loss were experienced in all DehydraTECH groups during the final 4 weeks of the study. Additional data from this Study is pending including blood glucose findings from the animals reported herein, as well as body weight and blood glucose findings from the second study cohort that included positive and vehicle control arms. Analyses of brain and blood absorption pharmacokinetic results is also underway, although unforeseen delays at the third-party laboratories involved is affecting timing of completion of this work. Lexaria is working with these laboratories to minimize further delays and will report on these data as soon as possible.
|
CVM | Hot Stocks09:24 EDT CEL-SCI announces potential impact on Multikine following FDA ODAC meeting - CEL-SCI announced the potential impact on the clinical development of its immunotherapy Multikine resulting from a recent FDA Oncologic Drugs Advisory Committee, or ODAC, meeting, a public forum. FDA advisory committees provide independent expert advice to the FDA on the safety and effectiveness of new and marketed drugs and help the agency make sound and informed decisions. Advisory committees make non-binding recommendations to the FDA, which generally follows the recommendations but is not legally bound to do so. The September 27 ODAC meeting evaluated the use of checkpoint inhibitors on patients with various cancers. PD-L1 is the biomarker most often used for patient selection for checkpoint inhibitors, the most successful class of cancer drugs including Keytruda and Opdivo. The FDA sought the ODAC's opinion on the following: adequacy of PD-L1 expression as a predictive biomarker for patient selection in this patient population; differing risk-benefit assessments in different subpopulations defined by PD-L1 expression; adequacy of the cumulative data to restrict the approvals of immune checkpoint inhibitors based on PD-L1 expression. Following a thorough analysis of peer-reviewed published data, the panel of experts on the ODAC voted 10-2 and 11-1 against the risk-benefit profile for PD-L1 inhibitors in various cancers in two separate votes. Most ODAC members expressed concerns about the lack of benefit demonstrated for patients with low PD-L1 expression, while some members pointed to evidence that the use of the immune checkpoint inhibitors may add unnecessary toxicities for patients while also increasing financial burdens on patients.
|
UAVS | Hot Stocks09:24 EDT Ageagle CEO says 'on the correct path' to increase long-term shareholder value - AgEagle Aerial Systems issued a Letter to Stockholders from Company CEO Bill Irby, which read in part, "First, I want to extend my appreciation for the trust and confidence you have placed in AgEagle. Upon taking over as CEO from Grant Begley, we have been evolving and advancing AgEagle toward the creation of maximum long-term shareholder value. To fund our aggressive growth plans, we recently completed a $6.5M capital raise. The market's reaction was a continued decline in our stock price. It became necessary to plan and execute a 50:1 reverse stock split. Our trading was halted October 4th but has since resumed, and I am truly optimistic regarding the path ahead as I believe that the company is currently under-valued...We have re-defined our mission - "Reaching beyond to provide unmatched insights that enhance operations, safeguard communities, and optimize productivity." We are re-dedicating our culture to four main values: innovation, integrity, transparency, and passion. Aligning the entire team, our most valuable resources - people, around these key cultural elements will enable high-performance culture. We are refocusing our markets - moving from 11 vertical markets to 3 vertical markets, namely military, public safety, and agricultural/commercial. This shift demands a focus on precise, real-time data collection enabling ISR collection and terrain analysis/mapping. We are re-shaping our portfolio - the eBee VISION, our newest drone product, will serves as the core aircraft for new capabilities, capitalizing on its unique combination of range, low observability, and high mobility/portability, providing high value to its users. Additionally, we are evaluating targeted opportunities for mergers & acquisitions. We are demonstrating growth in Defense & Security - not only did we achieve the two largest contracts in company history this year, but we just booked purchase orders for 17 U.S. eBee TAC units in October, further validating our growth strategy in defense & security. Finally, we are initiating a site optimization project to meet our increasing demand, with the first step being the expansion of eBee VISION production, adding a drone production line in the U.S.A. to meet U.S. demand, as we are evaluating our facility size for downsizing in Europe due to under-utilized floor space. In conclusion, through a combination of our key initiatives, growing demand, and demonstrated progress in our newest market, I believe AgEagle is on the correct path to increase long-term shareholder value. We appreciate your continued support."
|
TGL | Hot Stocks09:22 EDT Treasure Global enters service partnership with Octagram - Treasure Global announced the signing of a significant partnership agreement with Octagram Investment. This strategic collaboration aims to enhance user engagement and drive growth through the integration of innovative mini-game modules into the ZCity platform. This collaboration aims to drive growth and enhance user engagement through the integration of innovative technology modules into the ZCity platform, including interactive mini-games. As part of the agreement, OCTA will design and develop modules tailored to ZCity's growing user base, enhancing the platform's offerings by delivering engaging, interactive experiences. These developments are aligned with ZCity's strategy of evolving its digital ecosystem to provide seamless interaction between users and merchants across multiple services, including activities, travel, goods, and rewards. OCTA's role will extend beyond development phase to providing ongoing technical support, ensuring that the modules and mini-games remain fully integrated and functional as part of ZCity's evolving ecosystem. The games will comply with stringent data security, privacy regulations, and technical standards to offer a seamless experience across web and mobile platforms. The partnership, valued at $2.8 million, payable through the issuance of Treasure Global shares. This collaboration is expected to generate increased customer engagement on the ZCity platform and support TGL's continued growth in the competitive e-commerce market.
|
VZ | Hot Stocks09:21 EDT Verizon targets 30M+ fiber passings by 2028 - Says actions taken since early 2023 are driving improvements across all businesses. Says wireless service revenue and adjusted EBITDA growth will come in at or above the midpoint of its guided range. Says continues to expect positive consumer postpaid phone net adds in FY24. Says expects Q4 sequential growth in wireless service revenue to be driven by volume improvements, increased contributions from FWA, and recently communicated pricing actions. Says aims to double fixed wireless access subscribers by 2028. Says targets 30M+ fiber passings by 2028. Comments and guidance taken from Q3 earnings conference call.
|
VZ | Hot Stocks09:20 EDT Verizon updates broadbrand strategy with new fixed wireless subscriber goals - Verizon Communications announced an update to its broadband strategy, with new fixed wireless subscriber goals, household targets and broadband offerings to accelerate its premium broadband and mobility services to millions more customers nationwide. Verizon has more than 11.9 million total broadband connections as of the end of third-quarter 2024, up nearly 16 percent year over year. The update was given at a sell side analyst event following the release of the company's third-quarter 2024 results. Fixed Wireless subscribers on path to double by 2028: At the end of third-quarter 2024, the company had nearly 4.2 million fixed wireless subscribers, representing an increase of nearly 57 percent year over year. The company hit its previous goal of 4-5 million subscribers 15 months earlier than expected due to the demand from consumer and business customers as they continue to trust the reliability of the product and speed and ease of deployment. Verizon is expecting 8-9 million fixed wireless subscribers, doubling its current base, by 2028 and accelerating coverage to 90 million households in the same time period. Verizon will commercially launch its advanced mmWave solution for apartment and office buildings to address high population areas. The technology leverages existing infrastructure making it less expensive to build and faster to deploy. Continued deployment of C-band and mmWave will provide the performance and capacity needed to meet these goals and deliver the experience that customers expect from Verizon. Fiber network expected to grow to 35-40 million passings: Verizon will continue to look for opportunities to accelerate its ongoing Fios builds within the current footprint in nine states and Washington, D.C., giving more customers access to the industry-leading product. Verizon's recent agreement to acquire Frontier, the largest pure-play fiber internet provider in the U.S., is expected to expand Verizon's share of the nationwide broadband market, building upon Verizon's two decades of leadership at the forefront of fiber. Upon closing, Frontier is expected to bring in approximately 9-10 million fiber passings. In 2025 Verizon is targeting an expansion of Fios builds to up to 650,000 passings annually. Following the closing of the Frontier acquisition, Verizon expects the combined build to be up to 1 million or more passings annually. Verizon is expecting more than 30 million fiber passings in the combined Verizon/Frontier footprint by 2028. Over time, Verizon is expecting 35-40 million fiber passings. This will significantly expand Verizon's fiber footprint, accelerating the company's delivery of premium mobility and broadband services to current and new customers. Frontier's consumer fiber network can be immediately and seamlessly integrated upon closing directly into Verizon's award-winning Fios network, meeting existing Fios standards. Outlook and Guidance: Priorities remain unchanged: The company will maintain its capital allocation priorities, characterized by prudent investment in the business, a commitment to maintaining an industry-leading dividend, continued debt reduction, and efficient return of cash to shareholders, with buybacks to be considered when net unsecured debt to adjusted EBITDA ratio* is at 2.25x. For 2025, the company expects capital expenditures of $17.5-$18.5 billion, consistent with historical levels of capital intensity. Revised net unsecured debt to adjusted EBITDA ratio target of 2.0 to 2.25x.
|
GM | Hot Stocks09:16 EDT General Motors says 'balance sheet in strong, comfortable place' - Says "committed" to driving free cash flow in the business. Expects 2025 CapEx ~ $11B; will "respond to market" in terms of deploying capital.
|
SJM | Hot Stocks09:14 EDT J.M. Smucker to divest Voortman cookie brand for $305M - J.M. Smucker has entered into a definitive agreement to sell its Voortman cookie brand to Second Nature Brands, a U.S.-based creator of premium snacks and treats controlled by CapVest Partners LLP. The all-cash transaction is valued at approximately $305M, subject to a working capital adjustment. The transaction includes all Voortman trademarks and the company's leased manufacturing facility in Burlington, Ontario, Canada. In addition, approximately 300 employees will transition with the business. The company also confirmed continued progress on the integration of Hostess Brands, and that it remains on track to achieve expected synergies of $100M from the acquisition by the end of FY26. The Voortman brand generated net sales of approximately $65M for the company's FY24, which represents a partial year of net sales reported in its Sweet Baked Snacks segment results following its acquisition on November 7, 2023. For FY25, the company anticipates full-year net sales from the Voortman brand to be approximately $150M. The company expects the divestiture to be dilutive to its adjusted EPS by approximately 25c on a full-year basis. The company anticipates using the net proceeds from the transaction to pay down debt, which will contribute an EPS benefit of approximately 10c on a full-year basis. The transaction is anticipated to close in Q3 of the company's current FY25.
|
CXDO | Hot Stocks09:12 EDT Crexendo announces NetSapiens User Group Meeting kicks off in Nashville - Crexendo announced that general sessions of its NetSapiens Platform User Group Meeting begins in Nashville, Tennessee. This year's sold-out event takes place from October 21st through October 24th, and brings together the highest number of overall attendees, Partners and sponsors in its history, The 2024 User Group Meeting has attracted a 35% year-over-year increase in partner participation, highlighting the incredible momentum and growth of Crexendo's NetSapiens software platform. It also features the first in-person meeting of its International Partner Advisory Council, bringing together Partners from outside of North America. Globally, the platform supports over five million end users and is adding over 100,000 new users per month, and the record-level participation at this year's event is another key milestone in Crexendo's continued global expansion and leadership in the cloud communications industry. The Crexendo UGM features the industry's top service providers, partners, and ecosystem vendors, facilitating collaboration and showcasing the latest applications and innovations, many driven by AI, and provides a forum for discussing the future of communications technology. The event includes exclusive sessions, partner showcases, and insights from industry luminaries and veterans, offering a unique opportunity for attendees to engage with Crexendo's thought leaders and technology experts.
|
PACB TXG | Hot Stocks09:11 EDT PacBio includes Onso platform in 10x Genomics Compatible Partner Program - PacBio (PACB) announced the inclusion of the Onso short-read sequencing platform in the 10x Genomics (TXG) Compatible Partner Program. The 10x Genomics Compatible Partner Program recognizes instruments and workflows compatible with 10x Genomics' products and applications, thereby broadening the range of sequencing solutions available to researchers worldwide.
|
GVP | Hot Stocks09:11 EDT GSE Systems's board issues statement in favor of merger with Pelican - GSE Systems issued a statement thanking stockholders who have already voted in favor of its merger with an affiliate of Pelican Energy in an all-cash transaction and reminding them that, following the amendment to increase merger consideration unanimously approved by the board, Pelican will acquire all the outstanding shares of GSE for an estimated total cash consideration of $4.60 per share. The board's statement provided reasons for voting in favor of the merger, including: the per share price represents a premium of approximately 69% over the closing price of GSE common stock as of August 7; the per share price represents a premium of approximately 29% over the average 30-day volume weighted average price per share; and Pelican is an independent third party buyer and the merger is an arms-length transaction. Management has expressed that substantial doubt exists for the company to continue as a going concern; GSE cannot obtain performance bonds given its financial position and, therefore, is at a competitive disadvantage to its competitors.
|
SRAD | Hot Stocks09:09 EDT Sportradar enhances partnership with NBA - Sportradar is enhancing its partnership with the NBA this season through the introduction of a suite of fan engagement solutions. These products represent the next phase in the evolution of basketball consumption benefitting not only the NBA but also operators and media partners. Sportradar, leveraging AI and its advanced, proprietary technology, has launched a suite of next-generation products for the NBA by accessing the full range of official NBA content, including skeletal tracking data.
|
SF | Hot Stocks09:08 EDT Stifel Financial receives final approval for North Atlantic AM-Forward Fund - Stifel Financial announced final federal approval for its Stifel North Atlantic AM-Forward Fund, designed to provide capital to small and mid-sized American manufacturers in the aerospace and defense industries, with a specific focus on increasing additive and advanced manufacturing capabilities in the domestic supply chain. As part of the final approval process, the Fund has earned a Small Business Investment Company license from the Small Business Administration, in partnership with the Department of Defense under the SBIC Critical Technology initiative. With this structure, the Fund is eligible for SBA leverage, which can supplement the amount of private capital raised, and expand investment reach. Earlier this year, the Fund became the first applicant to receive initial "green light" approval to actively raise private capital under this historic SBICCT initiative.
|
KNW | Hot Stocks09:08 EDT Know Labs names John Cronin interim CTO, Dominic Klyve chief science officer - Know Labs announced two additions to its executive leadership team. The new executives are John Cronin and Dominic Klyve. John Cronin joins the day-to-day team as interim CTO. Previously, Cronin was elected as a member of the company's board. Dominic Klyve, a long-time consultant and previous employee of the company, joins as chief science officer. Klyve previously served as lead data scientist at Know Labs.
|
SHCR | Hot Stocks09:08 EDT Altaris completes acquisition of Sharecare for $1.43 per share in cash - Sharecare announced the completion of its acquisition by Altaris for $1.43 per share in cash. The transaction was announced on June 21, 2024, and received approval from stockholders on October 17, 2024. As a result of the acquisition, Sharecare's common stock ceased trading and will no longer be listed on the Nasdaq stock market. "Sharecare's Board of Directors and shareholders determined that this transaction with Altaris was in the best interests of our company and our clients, and delivered significant, immediate, and certain value to our stockholders," said Jeff Arnold, Sharecare's founder and executive chairman of the Board of Directors. "With Altaris, Sharecare has gained the support of an experienced, growth-oriented investor that believes in the company's vision, strategic growth plan, and management team, and shares a commitment to maximizing the value of Sharecare's full potential across our three channels."
|
NCI | Hot Stocks09:07 EDT Neo-Concept completes acquisition of IP, R&D capabilities from affiliate - Neo-Concept International announced the completion of its acquisition of the intellectual property and research and development capabilities from its affiliate, Neo-Concept. This strategic acquisition empowers NCI with full ownership of the esteemed "Les100Ciels" and "SIU" brands, along with all related trademarks and trade names. Additionally, the transfer includes NCH's talented R&D teams, further enhancing NCI's potential for innovation.
|
NTRS HLNE | Hot Stocks09:07 EDT Northern Trust & Hamilton Lane team to provide private market analytics - Northern Trust (NTRS) announced that it has entered into a strategic agreement with Hamilton Lane (HLNE) to provide its proprietary software Cobal and integrated services to Northern Trust Asset Servicing clients.Under the agreement, Northern Trust will offer clients access to Hamilton Lane's private market data, analytics, and tools through its suite of Northern Trust Total Portfolio Analytics solutions, an ecosystem that comprises integrated technology and capabilities across the entire investment lifecycle..."At Hamilton Lane, our Cobalt platform and integrated services are designed to help asset allocators make informed decisions with greater confidence, precision and insight," said Griffith Norville, Head of Technology Solutions at Hamilton Lane. "Through this exciting collaboration, we seek to deliver a new level of transparency and timeliness to Northern Trust client portfolios."
|
INTA | Hot Stocks09:07 EDT Intapp DealCloud selected by Alvarez & Marsal - Intapp announced that global consulting firm Alvarez & Marsal has selected Intapp DealCloud as its deal and pipeline management solution. Alvarez & Marsal's rapidly expanding Corporate Finance practice group will use DealCloud to manage origination, sales pipeline, and deal workflows.
|
ALGT | Hot Stocks09:06 EDT Allegiant Travel reports September total system traffic down 2.4% year-over-year - Reports September total system available seat miles, or ASM, down 3.2% at 1.09M and Scheduled Service load factor down 0.5pts. to 83.3% vs. 82.8% last year.
|
BUD | Hot Stocks09:06 EDT Anheuser-Busch invests additional $8M in flagship St. Louis Brewery - Anheuser-Busch announced a new $8M investment in its St. Louis brewery. Over the last 5 years, Anheuser-Busch has invested nearly $2B in its facilities across the country to help create and sustain jobs and drive economic prosperity in the communities where it operates and its employees call home.
|
NOK | Hot Stocks09:06 EDT Nokia opens Innovation Center in Sale, Morocco - Nokia announced the opening of its Innovation Center in Sale, Morocco, officiated by Ghita Mezzour, Minister of Digital Transition and Administration Reform. Designed as a regional hub to serve EMEA, the Nokia Innovation Center, NIC, is equipped with advanced technologies from Nokia's entire Network Infrastructure portfolio, spanning Fixed Networks, IP, and Optical Networks. The NIC will not only benefit but also contribute to Digital Morocco 2030 by playing a pivotal role in advancing digital skills, supporting 5G readiness and fostering innovation across EMEA.
|
STBX | Hot Stocks09:06 EDT Starbox Group launches StarboxAI VI-Pro Live Streaming System - Starbox Group Holdings announced that its wholly owned subsidiary, Starbox Technologies is launching "StarboxAI VI-Pro - Live Streaming System," a platform designed to support Starbox's over 800 existing merchants in their live streaming social commerce efforts. This artificial intelligence-powered system enhances digital interaction and is expected to boost sales performance with automated content creation and real-time engagement tools. What distinguishes StarboxAI VI-Pro - Live Streaming System is its integration with the Company's existing cash rebates ecosystem, which currently serves Starbox's over 2 million existing users. The integration allows merchants to offer real-time cash rebates during live streaming events, creating a seamless experience for merchants and users alike, incentivizing users to engage and purchase products. Starbox Technologies will keep a percentage of the cash rebates generated from successful sales as revenue.
|
MSFT | Hot Stocks09:05 EDT Microsoft, Lenfest Institute announce AI Collaborative and Fellowship program - The Lenfest Institute for Journalism on Tuesday announced a major new collaboration with OpenAI and Microsoft Corp. to help newsrooms explore and implement ways in which artificial intelligence can help drive business sustainability and innovation in local journalism through the Lenfest Institute AI Collaborative and Fellowship program. In the initial round of funding, Chicago Public Media, Newsday (Long Island, NY), The Minnesota Star Tribune, The Philadelphia Inquirer, and The Seattle Times will each receive a grant to hire a two-year AI fellow to pursue projects that focus largely on improving business sustainability and implementing AI technologies within their organizations. The fellowship will also provide OpenAI and Microsoft Azure credits to help these publications experiment and develop tools to assist with local news. As part of the program, the news organizations will work collaboratively with each other and the broader news industry to share learnings, product developments, case studies and technical information needed to help replicate their work in other newsrooms. An additional three organizations will be awarded fellows in a second round of grants.
|
QUAD | Hot Stocks09:04 EDT Quad/Graphics to sell majority of European operations to Capmont for EUR41M - Quad/Graphics has entered into a definitive agreement to sell the majority of its European operations for EUR41M - approximately $45M - to Germany-based entrepreneurial private capital investment manager Capmont. Quad will maintain printing operations in locations that best support its MX offering. The transaction includes all employees and facilities for Quad/Graphics Europe print and ink-manufacturing headquartered in Wyszkow, Poland; the Peppermint agency in Warsaw, Poland; and Quad POS, which has locations throughout Europe. Excluded from the sale are Quad's shared services employees in Poland who support the company's integrated marketing platform in the Americas. The transaction is expected to close by year end 2024 pending customary regulatory clearances and other closing conditions. Quad expects to use the proceeds from the sale to reduce debt and make further investments in solutions that advance its MX offering. Quad established its European print operations in 1998 through a partnership with Winkowski and acquired Winkowski in 2008, later renaming it Quad/Graphics Europe. Quad purchased Marin's International SAS, a global leader in the point-of-sale display industry, in 2015, later renaming it Quad POS.
|
EBAY | Hot Stocks09:03 EDT eBay dropping rare basketball trading cards in 24-hour auction series - eBay announces "Gametime Gets" - a curation of basketball cards that drop when players hit milestones on the court, available for only 24 hours. Each of the 50 valuable trading cards - and the on-court milestones that make them available - were selected by former WNBA MVP and basketball analyst Candace Parker. With 'basketball card' searched more than 10,000 times per day on eBay globally during 2023, "Gametime Gets" gives fans a chance to bring home the thrill of the game. Starting October 22, fans can view the full "Gametime Gets" collection, along with the career benchmarks, league-wide records and single-game achievements that will trigger them to drop, at ebay.com/gametimegets. With bidding for each card starting at 24 cents, as an homage to the game's 24-second shot clock, everyone has an opportunity to get in on the action.
|
ONCT | Hot Stocks09:03 EDT Oncternal Therapeutics announces updated data from Phase 1/2 study of ONCT-534 - Oncternal Therapeutics announced updated data from its Phase 1/2 Study of ONCT-534 for the treatment of patients with relapsed or refractory metastatic Castration-Resistant Prostate Cancer, mCRPC. Based on initial pharmacokinetic results, two additional dosing cohorts with twice daily, BID, oral dosing of ONCT-534 had been incorporated in the Phase 1/2 study ONCT-534-101. Overall, fifteen patients received ONCT-534 once daily in six dosing cohorts and six patients received ONCT-534 BID in two dosing cohorts. Based on a data cut off of September 30, 2024, the BID dosing schedule was well tolerated, with no related Grade 3 or higher toxicities. One patient, who experienced a rising PSA on ONCT-534 at 160 mg BID, had a subsequent 50% reduction in PSA after four weeks of ONCT-534 at 300 mg BID, and at the same time the CAT Scan showed a 16% reduction in target lesions compared to baseline. Enumeration and biomarker analysis of circulating tumor cells showed promising effects on expression of androgen receptor-regulated genes, and AR nuclear translocation in six additional patients. CTC analysis also showed that some patients who did not respond to ONCT-534 had prostate cancer that had developed neuroendocrine features, which are associated with AR independent disease.
|
FKWL | Hot Stocks09:03 EDT Franklin Access unveils JEXtream FX20 WiFi 6 router - Franklin Access introduced the JEXtream FX20 WiFi 6 router, paired with the Quvo parental control app, designed to enhance digital safety for families. The JEXtream FX20 router offers modern network performance, while the Quvo app is specifically designed to give parents control over their children's online activities. This powerful combination of hardware and software empowers parents to create a safer digital environment, promoting responsible online behavior and healthy habits.
|
NRXS | Hot Stocks09:02 EDT Neuraxis announces AMA established new CPT Category I Code for PENFS - NeurAxis announced that the American Medical Association, AMA, has established a new Current Procedural Terminology, CPT, Category I code for Percutaneous Electrical Nerve Field Stimulation, PENFS, procedures effective January 1, 2026.
|
ECDA | Hot Stocks09:01 EDT ECD Automotive Design unveils built-for-inventory classic Land Rover - ECD Auto Design announced the release of its first built-for-inventory custom Land Rover, a milestone in meeting client demand. This landmark vehicle highlights ECD's commitment to evolving with client needs and delivering ready-to-drive classics that combine iconic design with modern luxury while offering an alternative to lengthy custom builds. Recognizing a growing demand for immediately available restored vehicles, ECD's new inventory model has allocated a small percentage of the production line for building limited production run vehicles that are ready for delivery. With pricing starting at $249,995, this new offering has taken the best of ECD's 600 vehicle build history, and created eight unique builds, providing a meticulously crafted vehicle, at a great price without the wait. The first build is off a Series frame, however, the range of built for inventory vehicles will expand beyond and include later models of Defenders as well.
|
LPLA | Hot Stocks09:00 EDT LPL Financial: William Fenwick joins broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisor William "Bill" Fenwick of Fenwick Financial has joined LPL Financial's broker-dealer, RIA and custodial platforms. He reported serving approximately $210 million in advisory, brokerage and retirement plan assets, and joins LPL from First Kentucky Securities. Based in Louisville, Ky., Fenwick is a retired U.S. Marine Corps officer with 38 years of experience in the financial services industry. He believes his military experience, coupled with his astute study of the markets and economy, shaped his ability to guide clients through market fluctuations and build personal relationships that extend across generations.
|
FCX | Hot Stocks08:58 EDT Freeport-McMoRan sees Q4 copper sales 980M lbs. - Sees Q4 gold sales 340,000 oz., Q4 moly sales 20M lbs.
|
GM | Hot Stocks08:57 EDT General Motors has seen 'a lot of inflation' on parts, labor on warranty claims - Says has found "some quality issues" in prior model years, but has fixed production lines. Expects to see labor cost inflation in 2025.
|
FCX | Hot Stocks08:55 EDT Freeport-McMoRan sees FY24 CapEx $3.6B ex. Indonesia downstream projects - Sees 2024 copper sales 4.1B lbs., 2025 copper sales 4.2B lbs and 2026 copper sales 4.3B lbs. Sees 2024 gold sales 1.8M ozs, 2025 gold sales 1.5M ozs. and 2026 gold sales 1.5M ozs. Sees 2024 molybdenum sales 80M lbs., 2025 molybdenum sales 90M lbs. and 2026 molybdenum sales 90M lbs. Sees 2025 Capex $4.2B. Comments taken from presentation slides for Q3 earnings conference call.
|
GM | Hot Stocks08:49 EDT General Motors sees 'similar performance' in 2025 vs. 2024 - Says cash flow "remains strong."
|
SATX | Hot Stocks08:48 EDT Satixfy Communications signs development, license agreement with MDA Space - SatixFy Communications announced that it has signed a software development and license agreement with MDA Space, a provider of advanced technology and services to the global space industry. Under the agreement, SatixFy will provide the modem and beamforming software for the SatixFy chipsets to be used in digital satellite broadband Low Earth Orbit Constellation, or LEO, payloads. It will also provide SatixFy's software licenses and a development kit to support MDA Space deliveries to customers. The full contract price is $9M, comprised of $6M for delivery of the software solution with a license to support an existing MDA Space customer and $3M for a further license to support future customers. Furthermore, the contract allows for MDA Space to retain an option to be granted access to a part of the code related specifically to the data plane for a further $4M.
|
ABVC | Hot Stocks08:48 EDT ABVC BioPharma receives $50,000 in incremental licensing fees - ABVC BioPharma announced the receipt of an additional $50,000 in licensing fees from AiBtl BioPharma Inc. With this payment, ABVC has received a total of $346,000 in licensing fees from its strategic partners, supporting our partner's belief in our mission. ABVC has received 23M AiBtl shares as part of the first milestone of the licensing fees and will obtain royalties up to $100M after the product launches. The payment, tied to ABVC's psychiatric disorder pipeline, which includes treatments for Major Depressive Disorder and Attention Deficit Hyperactivity Disorder, is part of a broader agreement with AiBtl BioPharma. The MDD and ADHD pipeline, valued at $667M by third-party evaluators, continues to gain momentum as both companies advance their collaborative efforts towards discussion with big pharma for out-licensing and initiating the plan for the GAP-certified temperature-controlled farm.
|
GM | Hot Stocks08:44 EDT General Motors expects to end ASR at end of October - Expects to retire additional 25M of shares in Q4. Says shareholder/board meetings planned for Q4 to focus on restructuring actions to make business profitable and sustainable.
|
SPAI | Hot Stocks08:44 EDT Safe Pro's Airborne Response enters agreement with Skydio - Safe Pro Group's Airborne Response division has entered into an agreement with Skydio, Inc. to offer hardware and software solutions for public safety, emergency services, disaster response, and critical infrastructure customers.
|
SNOA | Hot Stocks08:43 EDT Sonoma Pharmaceuticals expands partnership with healthcare distributor - Sonoma Pharmaceuticals has entered into an amendment to its distribution agreement with a leading global healthcare distributor for the marketing and distribution of its wound care products in Canada. As previously announced, on August 19, 2024, Sonoma entered into a distribution agreement with a global healthcare distributor for the marketing and distribution of its wound care products in the United States, to be sold through hospital systems and other healthcare channels. The new amendment allows the same distributor to also distribute these products in Canada, and adds over-the-counter wound care products for sale in both countries.
|
SOBR | Hot Stocks08:42 EDT SOBRsafe launches fully-integrated enterprise software solution - SOBRsafe announced the launch of its fully-integrated enterprise software solution for point-of-care screening and continuous monitoring. This new platform is expected to transform how health providers monitor and manage alcohol compliance, delivering unprecedented real-time visibility across multiple users and locations in one dynamic dashboard. The current methods for monitoring alcohol use are outdated and inefficient. They rely on invasive, unhygienic, physical testing and printed reports which can delay interventions and negatively impact patient care. SOBRsafe's transdermal alcohol detection devices, combined with the integrated enterprise software platform, offers a comprehensive solution. The advanced touch-based technology detects alcohol emitted through the skin, eliminating the need for breath, blood, or urine samples. Information is instantly reported and accessible via computer or mobile device, allowing providers to monitor hundreds of patients across various locations through a streamlined digital dashboard. This setup ensures immediate visibility into any detected alcohol use, enabling timely interventions and support. SOBRsafe's software offers real-time insights into alcohol use throughout the treatment journey, creating the first definitive electronic alcohol record across the continuum of care. The new software integrates device data into an intuitive desktop interface with user-friendly navigation, allowing health providers to aggregate all activities onto a single screen. This significantly enhances responsiveness and reduces recidivism, providing hope for improved patient outcomes. Moving beyond localized management, this software empowers providers to take holistic views of their organization. Moreover, the software features robust lookback capabilities that demonstrate historical performance and activity, a crucial ability for individuals needing to show compliance with third parties.
|
GM | Hot Stocks08:40 EDT General Motors says portfolio of EV's separating the company from competitors - Says EV consideration stronger among luxury customers. Says "making progress" in China aligning production to demand. Says operating environment in China "continues to be challenging." Comments taken from Q3 earnings conference call.
|
QNTM | Hot Stocks08:40 EDT Quantum BioPharma posts link to lawsuit against CIBC World Markets, RBC Dominion - Quantum BioPharma announces the Company, on 20th October 2024, had filed a complaint in the United States District Court for the Southern District of New York alleging that CIBC World Markets, RBC Dominion Securities, and others engaged in market manipulation schemes that violated Section 10(b) and Rule 10b-5(a) and (c) and Section 9(a) of the Securities Exchange Act of 1934. This lawsuit alleges that between 1st of January 2020, and 15th of August 2024 the Defendants and/or their customers used "spoofing" techniques to manipulate the share price of Quantum BioPharma shares. The Company is seeking damages of more than $700M. Due to a lot of inquiries the Company has posted a copy of the complaint on its website on the News page
|
GVA | Hot Stocks08:38 EDT Granite awarded $27M contract to enhance SR 58/SR 99 interchange in Bakersfield - Granite has been awarded an approximately $27M contract by the City of Bakersfield to enhance the connectivity and efficiency of the State Route 58/State Route 99 SR 58/SR 99 interchange in Bakersfield. Project funding is to come from the City of Bakersfield and the Thomas Roads Improvement Program (TRIP) and was included in Granite's third-quarter CAP. The project includes the widening the bridge over SR 99, which will be added to the existing east bound SR 58 bridge. A new bridge will also be built spanning Wible Road, connecting directly to north bound SR 99. "We are excited to continue our strong relationship with the City of Bakersfield by providing an essential upgrade to one of the most significant intersections in the city," said Larry Camilleri, Granite Vice President of Regional Operations. "This project represents a strong anchor job in the heart of the Bakersfield home market and includes a large structures component, which Granite can strategically leverage to continue pursuing excellence and growth in the area." Granite's nearby Solari plant will supply 4,000 tons of HMA, 7,000 tons of Class II base, and 14,300 cubic yards of import materials. Construction is expected to begin in November 2024 and be completed in May 2026.
|
TURB | Hot Stocks08:38 EDT Turbo Energy teams with Connection to introduce SUNBOX home energy system - Turbo Energy announced that the Company has partnered with Florida-based Connection, the managing entity of brands operating in the performance marketing and lead generation sectors with focus on a broad range of industries, including the U.S. solar energy market. Pursuant to the strategic advisory agreement entered into on October 18, 2024, CH will employ its organization's market penetration capabilities and leverage its nationwide network of U.S. solar installation companies to assist Turbo Energy in introducing U.S. market share for the Company's proprietary, all-in-one, Artificial Intelligence-optimized SUNBOX solar energy storage system designed specifically for residential application.
|
QUBT | Hot Stocks08:38 EDT Quantum Computing's photonic chip foundry reaches final comissioning stage - Quantum Computing has reached the final stage of commissioning its quantum photonic chip foundry in Tempe, Arizona. Initially announced in September 2023, the QCi Foundry will focus on processing thin film lithium niobate to produce high-performance optical components and photonic integrated circuits. These photonic chips will serve as optical engines for photonic-based quantum computers, secure quantum communications, and 3.2Tbps data rates for datacom. The QCi Foundry has moved into its final phase of construction and capital equipment installation, with an anticipated grand opening set for Q1 2025. The company's initial wafer runs will focus on custom runs for selected clients, with plans for a multi-project wafer run available in the second half of 2025.
|
MAMA | Hot Stocks08:38 EDT Mama's Creations engages UHY as independent auditor - Mama's Creations has engaged UHY as its independent auditor for the Company's fiscal year ending Jan 31, 2025. The change to the Company's independent registered public accounting firm was approved by the Audit Committee of its Board of Directors. UHY succeeds Rosenberg Rich Baker Berman, which was previously the independent auditor providing audit services to the Company. The change to the Company's independent auditor was made after careful consideration and was approved by the Audit Committee. The decision to change auditor was not as a result of any disagreement between the Company and RRBB on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures
|
EVOK | Hot Stocks08:37 EDT Evoke Pharma appoints Ben Smeal to board of directors - Evoke Pharma announced the appointment of Ben Smeal to serve on the Company's Board of Directors effective October 18, 2024. This appointment fulfills a condition set as part of the company's most recent financing by Nantahala Capital Management. Before transitioning to full-time private investing, Smeal held roles at Willett Advisors, the family office of Michael R. Bloomberg, and Kenmare Management.
|
AMIX | Hot Stocks08:36 EDT Autonomix announces 1-for-20 reverse stock split - Autonomix Medical announced that it filed an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-20 reverse stock split of its common stock. The reverse stock split will take effect on October 24, 2024, and the Company's common stock will open for trading on The Nasdaq Capital Market on October 25, 2024 on a post-split basis, under the existing ticker symbol "AMIX" but with a new CUSIP number 05330T 205.
|
ADSE | Hot Stocks08:36 EDT Ads-Tec Energy and Paragon Mobility team on charging infrastructure - Ads-Tec Energy announced that it has signed a partnership with Paragon Mobility in France. More than 206,000 new EVs have been registered in France since the beginning of 2024, an important factor in the business growth of Paragon Mobility, making France one of the key markets for EVs in Europe.Headquartered in the technology park of Sophia Antipolis, France, Paragon Mobility delivers a new class of energy optimization infrastructure with EV charging as a key service offering. In addition to designing, developing and deploying since 2021 its own line-up of battery-buffered modular containerized fast charging solutions named "Pods", the company is now expanding its offering with ADS-TEC Energy's ChargePost. Paragon Mobility is deploying ChargePost because of its industry-leading features. Up to two vehicles can be quickly charged at the same time. It supports up to 300 kW or 150 kW when charging two vehicles simultaneously. ChargePost can also include two large 75-inch LED displays for digital advertising to generate new revenue streams.
|
CELU | Hot Stocks08:36 EDT Celularity to submit 510(k) notification for Tendon Wrap in early 2025 - Celularity issued a Corporate Update to Shareholders from Robert Hariri, Founder, Chairman, and CEO, which read in part, "Let me start by reiterating what we said in our announcement last week, which is that we are resolutely committed to regaining full compliance with Nasdaq's listing requirements. We acknowledge the importance of timely filings and have been diligently working with our new auditing firm to complete the necessary financial reports. We filed our annual report on Form 10-K for fiscal year 2023 within the compliance period and our quarterly report on Form 10-Q for the first quarter 2024 on October 16, 2024. Additionally, we intend to file our Form 10-Q for the second quarter 2024 within the coming weeks. As stated in last week's announcement, the notice we received from Nasdaq has no immediate effect on the listing of Celularity's common stock and warrants, which continue to trade on the Nasdaq Capital Market under the symbols "CELU" and "CELUW," respectively...From time to time, we selectively assess opportunities to acquire existing products that we believe could complement and expand our commercial product portfolio. Last week, we announced the acquisition of Rebound, a full thickness placental-derived allograft matrix product, from Sequence LifeScience. We have sold in excess of $9 million of Rebound, which is reimbursed in POS 11, 12, and 32 via HCPCS Code Q4296 when medically necessary. As noted in that announcement, the acquisition of Rebound adds to our portfolio of placental-derived advanced biomaterial products, sales of which through the first half of 2024 were in excess of $24 million, which is greater than our full year sales in 2023. Looking to the future, we continue to advance product candidates for indications that include aging-associated and other degenerative diseases and disorders characterized by the progressive loss of function and/or structure of the affected tissues: Celularity Tendon Wrap, a high strength scaffold composed of collagen and other native proteins derived from decellularized human placental tissue that the Company is developing for use in the management and protection of tendon injuries. Celularity Bone Void Filler, an easy to handle, moldable bone void filler composed of collagen and other native proteins derived from decellularized human placental tissue that the Company is developing for use as a passive osteoconductive bone filler in the pelvis, extremities, and posterior-lateral spinal fusion settings as well as other skeletal defects. Celularity Placental Matrix, a fully resorbable device composed of extracellular matrix derived from decellularized human placental tissue that the Company is developing for use as a passive temporary wound covering and in aesthetics. We expect these human placental tissue-derived products to be regulated in the United States as a device under Section 510(k) of the Food, Drug and Cosmetic Act. Celularity Tendon Wrap, FUSE Bone Void Filler, and Celularity Placental Matrix each completed preliminary non-binding product classifications and jurisdictional assessments by the U.S. Food and Drug Administration Office of Combination Products to be regulated as a device by the FDA Center for Devices and Radiologic Health. Based on the OCP's preliminary assessment, we intend to submit a 510(k) notification for our Celularity Tendon Wrap in early 2025 and for our FUSE Bone Void Filler in the second half of 2025 and for Celularity Placental Matrix in 2026. We also are developing another product, Celularity Placental Dermal Filler Matrix, as a Class III medical device, for which we would be required to submit a premarket approval application to the FDA. We are working hard to execute our plan to expand Celularity's advanced biomaterial products business and continue to sharpen the focus of the mission-driven organization we have built over the past several months to ensure our team is lean, agile, and working to build shareholder value. With that said, we are confident in our previously stated guidance of expected combined Net Sales of our advanced biomaterial product and biobanking businesses to be in the range of $50 million to $56 million."
|
ICU | Hot Stocks08:36 EDT SeaStar Medical to distribute QUELIMMUNE directly to hospital customers - SeaStar Medical announces that it has assumed all responsibility for direct sales, marketing and distribution of QUELIMMUNE to hospital customers. QUELIMMUNE is SeaStar Medical's therapeutic device approved for the treatment of pediatric acute kidney injury, AKI, due to sepsis or a septic-like condition.
|
CDZI | Hot Stocks08:35 EDT Cadiz 's ATEC Water Systems wins $1.6M in three new sales contracts - Cadiz's operating subsidiary ATEC Water Systems was awarded three new sales contracts totaling $1.6M for arsenic, iron and manganese filtration systems. The systems will be delivered in 2025. ATEC will manufacture treatment systems in rural and suburban communities in California, Washington and Oregon that serve close to 100,000 people reliant on groundwater as their principal water supply. The filters will be capable of processing up to 10 million gallons per day. Cadiz continues to expect gross ATEC segment revenues to reach $15M for FY24 and anticipates strong segment growth in FY25. The ATEC treatment system uses patent-pending filter media processes to remove common groundwater contaminants by adsorption.
|
CORZ NVDA | Hot Stocks08:35 EDT Core Scientific reports CoreWeave exercises option for additional infrastructure - Core Scientific (CORZ) announced that CoreWeave, the AI Hyperscaler, has exercised its final option to contract for additional infrastructure pursuant to the terms provided as part of the previously announced 200 megawatt, or MW, hosting contract for high performance computing, or HPC, entered into with CoreWeave on June 3. Under the terms of announced option exercise, Core Scientific will modify infrastructure at one of its sites to deliver approximately 120 incremental MW of critical IT load to host CoreWeave's Nvidia (NVDA) Graphics Processing Units, or GPUs. Site modifications associated with the latest option exercise are expected to begin in the second half of 2025, with operational status anticipated in the second half of 2026. This new 12-year HPC hosting contract will further expand Core Scientific's exposure to contracted, multi-year, dollar-denominated revenue. The new contract with CoreWeave is expected to add approximately $2B in projected additional cumulative revenue over the hosting contract's 12-year term to the $6.7B in projected cumulative revenue associated with previously announced contracts with CoreWeave, for a total of $8.7B.
|
HTCR | Hot Stocks08:35 EDT HeartCore shifts CMS licensing contracts to drive longer sales contracts - HeartCore Enterprises announced a strategic shift from annual contracts to multi-year agreements around its core software business contracts. Since achieving profitability across its software business in Q1 2024, HeartCore has maintained a strong focus on its sales and marketing strategies to drive growth and sustain positive momentum. By September 2024, the Company tripled its new customer acquisition count while also reporting a fivefold increase in contract extensions from its existing customer base, both on a year-over-year basis. Building on this momentum, HeartCore has adopted a strategic shift to proposing multi-year agreements that provide customers with more comprehensive, long-term support while helping each client establish a robust CMS infrastructure.
|
NVEI BIGC | Hot Stocks08:34 EDT Nuvei partners with BigCommerce - Nuvei (NVEI) announced it has partnered with BigCommerce (BIGC), an open SaaS and composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers. This partnership, launching internationally across North America, Europe and APAC, enables BigCommerce customers to access Nuvei's comprehensive suite of omnichannel payment solutions through its Nuvei for Platforms solution, bridging the gap between online and in-store experiences through a single payment processing partner.
|
SABR | Hot Stocks08:34 EDT Sabre selected by World Travel as primary GDS partner - Sabre announced a new multi-year distribution agreement with World Travel, one of the top 10 largest Travel Management Companies in the U.S. The new agreement will allow World Travel agents to access the travel content available via Sabre's travel marketplace. The Sabre GDS aggregates, normalizes and distributes content from more than 400 airlines and hundreds of tour operators, rail, and car rental providers. World Travel will also adopt range of Sabre solutions, including the intelligent platform Sabre Red 360.
|
DJT | Hot Stocks08:33 EDT Trump Media releases Truth+ streaming on Android TV - Trump Media & Technology announced that it has successfully launched an app for Android TVs to access the Truth+ streaming platform. Now available in the Google Play Store for Android TVs, Truth+ offers TV programming focusing on news, entertainment, faith-based content, weather, documentaries, children's content, and more, featuring both linear TV channels and Video on Demand.
|
TCBP | Hot Stocks08:33 EDT TC Biopharm enters research pact with Dr. Carlos Maluquer de Motes - TC BioPharm announced it has entered into a research planning collaboration with Dr. Carlos Maluquer de Motes for the development of a treatment for Monkeypox.
|
AMPG | Hot Stocks08:32 EDT AmpliTech's AGTGSS division signs 5 year supplier agreement with Fujitsu - AmpliTech Group announced the signing of a 5 Year Supplier Agreement to provide Fujitsu with a varied array of Private 5G Network products, including AmpliTech's 5G ORAN radios, 5G Customer Premises Equipment, CPE, 5G CU/DU and Core Servers as well as other ancillary products required to set a Private 5G Network at the end user's site. AGTGSS, a provider of advanced 5G telecommunications solutions, announces the signing of this strategic 5-year supplier agreement. The Company has been working on this agreement since early 2024.
|
HSAI | Hot Stocks08:32 EDT Hesai named exclusive lidar provider for Leapmotor's vehicle platform - Hesai will be the exclusive provider of automotive long-range lidar for Leapmotor's next-generation vehicle platform. The platform's first model is expected to enter mass production in 2025. Hesai Technology will provide lidar products for multiple models of Leapmotor's next-generation new vehicle platform. The two companies have advanced intelligent driving projects for multiple new Leapmotor models. According to Leapmotor, as of September 23rd, it has already commenced sales in Europe, with over 200 dealers across 13 countries. The company plans to expand this footprint to 500 sales points in Europe by the end of 2025.
|
KELYA | Hot Stocks08:30 EDT Kelly Services, Elevate K-12 partner to address teacher vacancy crisis - Kelly Education announces a strategic partnership aimed at supporting the continuity of learning during the persistent teacher and support staff vacancy crisis. This collaboration combines the strengths of Kelly Education's extensive network of highly qualified classroom coaches with Elevate K-12's teacher pool and virtual teaching platform. This partnership means that school districts grappling with unfilled positions and the repercussions of expanding class sizes will be able to leverage both companies for a seamless staffing solution that augments a school's existing resources, providing effective instruction without compromise.
|
VRSK GWRE | Hot Stocks08:30 EDT Verisk, Guidewire launch Statistical Services accelerator integration - Verisk (VRSK) announced its latest advancement in statistical reporting technology with the launch of its Statistical Services accelerator integration with Guidewire (GWRE). This solution automates complex processes that extract highly granular policy and claims data, making it easier for insurers to satisfy statistical reporting and regulatory compliance requirements. This latest offering from Verisk's Core Lines Services is designed to directly help insurers effectively meet the industry's expanding data reporting requirements by driving operational efficiency and consistency.
|
AONC | Hot Stocks08:29 EDT American Oncology Network partner opens new location in Cape Coral - Community oncology practice Florida Oncology and Hematology, a partner practice of American Oncology Network, is announces patients now have another additional choice for medical oncology services in Lee County due to its continued expansion in Florida with the opening of its new location in Cape Coral where Board-certified medical oncologists Magali Van den Bergh, MD, Venkata Parsa, MD, and Shivtaj Mann, DO are now accepting patients. The new Cape Coral clinic - located at 326 Del Prado Blvd, Suite 301 - offers Cape Coral-area patients further opportunity to choose a community oncology care practice that best suits their unique needs.
|
PODC | Hot Stocks08:28 EDT PodcastOne unveils tenth season of 'The Opportunist' podcast - PodcastOne announced the release of the latest season of its hit series, The Opportunist, hosted by veteran true crime author and podcast host Sara James McLaughlin. In this new season, Tim Ballard: Unmasking a Hero delves into the dramatic rise and fall of Tim Ballard, the embattled founder of Operation Underground Railroad. Known for his work rescuing trafficked children, Ballard's public persona hides darker allegations. In this season, McLaughlin takes listeners on a gripping investigative journey, featuring interviews with some of the women who have accused Ballard of sexual misconduct.
|
RXRX | Hot Stocks08:28 EDT Recursion Pharmaceuticals doses first patient in Phase 2 trial of REC-3964 - Recursion announced that the first patient has been dosed in its Phase 2 clinical trial of REC-3964, a potential first-in-class, oral small molecule and new chemical entity for the treatment of recurrent Clostridioides difficile infection. Recursion's study will initially address the recurrent C. diff. population, which costs the healthcare system approximately two billion dollars per year.
|
JNVR | Hot Stocks08:27 EDT Janover rebrands Groundbreaker platform as Janover Connect - Janover announced the rebranding of its real estate syndication software, Groundbreaker, to Janover Connect. This strategic move includes the launch of a new, state-of-the-art website designed to better communicate the platform's value proposition and align it more closely with Janover's suite of comprehensive commercial real estate solutions while showcasing Janover Engage, its new marketplace matching real estate syndicators and accredited investors. The new Janover Connect website offers an enhanced user experience, providing detailed insights into the platform's robust set of features. These include CRM, fundraising, investor portal management, investor reporting, investor communications, distribution automation, K-1 sharing, deal room tools and more. The website clearly showcases how Janover Connect enables syndicators to efficiently manage one or multiple real estate investments and handle all aspects of limited partner relations.
|
MGTX | Hot Stocks08:26 EDT MeiraGTx announecs five posters at ESGCT 2024 Annual Congress - MeiraGTx announced the Company will exhibit five posters at the European Society of Gene and Cell Therapy, ESGCT, 2024 Annual Congress, which is being held from October 22-25, 2024, in Rome, Italy. Title: "Evolution of a high-producing, modular upstream platform for AAV manufacturing." The poster shows the evolution of MeiraGTx's upstream manufacturing platform, which was optimized and modulated through the choice of transfection reagents, adeno-associated virus production enhancers, and transfection parameters, in fed-batch and perfusion culture mode. Title: "AAV-based evaluation of novel in silico promoters to drive expression in rod photoreceptors." Using an AI-assisted promoter engineering approach, ten novel promoter sequences were initially designed, cloned into an adeno-associated virus backbone carrying eGFP and finally packaged into AAV5 or AAV7m8. Title: "Identification of highly potent and tissue-specific promoters with massively parallel screening." Here, the company developed a massively parallel reporter assay to screen a synthetic library of over 240,000 promoters that are 182 bp long. Title: "AAV-mediated gene therapy attenuates loss of vision in a mouse model of Bardet-Biedl-Syndrome 10." In this study, researchers set out to optimize and identify an AAV vector carrying the human BBS10 gene providing sustained efficacy and a good safety profile for clinical translation. Title: "Riboswitch-regulated gene and cell therapy." Here, the company reports that by linking our synthetic aptamer to alternative splicing gene expression platform, researchers have created a robust, synthetic mammalian riboswitch cassette that regulates gene expression tightly and dynamically in response to small-molecule inducers
|
DZSI | Hot Stocks08:26 EDT DZS achieves U.S. BEAD Program manufacturing readiness certification - DZS announced that the company's U.S. manufactured electronic components have been certified as compliant with the domestic manufacturing requirement enumerated in the "Build America Buy America" waiver for the $42 billion Broadband Equity, Access, and Deployment Program. On October 16, 2024, the National Telecommunications and Information Association announced a list of specific equipment and suppliers self-certifying their compliance with the NTIA's final limited waiver of BABA requirements of the BEAD Program which included certain manufactured products such as Optical Line Terminals, OLT line cards, Optics pluggables and standalone Optical Network Terminals. DZS manufactures a wide range of OLTs and OLT line cards that are BABA certified, as well as a full portfolio of gateway ONTs with integrated WiFi and Layer 2 routing which makes them compliant with the BEAD wavier requirements.
|
MGRX | Hot Stocks08:22 EDT Mangoceuticals board initiates process to evaluate strategic alternatives - Mangoceuticals announced that its Board of Directors has initiated a process to evaluate potential strategic alternatives with the intent to unlock and maximize shareholder value, including but not limited to potential mergers, acquisitions, divestitures and business combinations, acquisitions of businesses, entry into new lines of business, business expansions, joint ventures, and other key strategic transactions outside the ordinary course of the Company's current business. This initiative will be undertaken in parallel with MangoRx's current business operations. In consultation with financial and legal advisors, the Company intends to consider a broad range of strategic, operational and financial alternatives, and is exploring a full range of options. There is no assurance that the strategic review process will result in the approval or completion of any specific transaction or outcome. The Company has not established a timeline for completion of the review process and does not intend to comment further unless and until its Board of Directors has approved a definitive course of action, or it is determined that other disclosure is necessary or appropriate.
|
COCH | Hot Stocks08:22 EDT Envoy Medical announces AMA CPT Editorial Panel approved codes for AMEI - Envoy Medical announced that the American Medical Association, AMA, Current Procedural Terminology, CPT, Editorial Panel has approved five Category III CPT codes for totally implantable active middle ear implants, AMEI, a crucial development for the Company's already FDA-approved Esteem product. This marks the first time that there will be CPT codes for totally implantable active middle ear hearing implants like the Esteem device. With a new set of CPT codes, a path to reimbursement for the breakthrough Esteem Fully Implanted Active Middle Ear Implant, FI-AMEI, may begin to take shape.
|
MLYS | Hot Stocks08:21 EDT Mineralys Therapeutics to host KOL event on uncontrolled, resistant hypertension - Mineralys Therapeutics announced full details for its upcoming virtual KOL event being held on Wednesday, October 30, 2024, at 10:00 AM ET. To register for the event, please click here. The event will feature comments from Luke J. Laffin, MD, James M. Luther, MD, MSCI, and Rhian Touyz, MBBCh, MSc, PhD who will each discuss the unmet medical need in uncontrolled and resistant hypertension and the potential for lorundrostat, a development stage, highly selective aldosterone synthase inhibitor, to change the current treatment paradigm. In addition, the event will include an overview of the ongoing Advance-HTN and Launch-HTN pivotal trials, as well as results from the Phase 2 Target-HTN proof-of-concept trial evaluating lorundrostat in uncontrolled or resistant hypertensive subjects.
|
BOSC | Hot Stocks08:20 EDT BOS Better Online Solutions receives $500,000 order from customer in India - BOS Better Online Solutions announced that its Supply Chain Division, which provides franchised distribution of electronic components, received a $500,000 order from a customer in India. The order is for delivery gradually by August 2025. Avidan Zelicovski, BOS' President, expressed confidence in the division's ability to expand its global sales, citing the success of achieving $6 million in overseas sales in 2023. Additionally, he highlighted that since the announcement on July 10, 2024, regarding initial sales to Greek customers, the division has received $280,000 orders from that territory.
|
GE BA | Hot Stocks08:20 EDT GE Aerospace says has already started delivering engines for 777x to Boeing
|
QNRX | Hot Stocks08:19 EDT Quoin Pharmaceuticals announces further expansion of on-going NS studies - Quoin Pharmaceuticals announces the further expansion of its on-going Netherton Syndrome, NS, clinical studies to include two additional international sites in the United Kingdom, UK. These sites, Great Ormond Street Hospital and St. Thomas' Hospital, both in London, are recognized centers of excellence for treating Netherton Syndrome patients in the UK. Both sites have available cohorts of patients potentially eligible to participate in Quoin's studies. A Principal Investigator, PI, for the UK studies has been appointed and a Clinical Research Organization has been engaged. These clinical sites, as well as the previously announced site in Saudi Arabia, will operate under the auspices of Quoin's open Investigational New Drug application with the US Food and Drug Administration
|
GE | Hot Stocks08:19 EDT GE Aerospace to ramp up deliveries of GE9X engine next year - Says ramp may be at slower rate than anticipated.
|
GVP | Hot Stocks08:19 EDT Radoff reiterates call for GSE Systems board Chair Gardner to make disclosures - Bradley L. Radoff, who collectively with his affiliates owns approximately 9.9% of the outstanding shares of GSE Systems, issued the below follow-up letter to the Chair of the Company's Board of Directors (the "Board"), Kathryn O'Connor Gardner, in response to the Company's filing of an amended merger agreement with Pelican Energy Partners ..Mr. Radoff previously announced his opposition to the Company's proposed take-private merger with Pelican and has repeatedly demanded the Board and Ms. Gardner release normal course forward-looking projections so shareholders can fairly evaluate the Pelican transaction.
|
GE BA | Hot Stocks08:19 EDT GE sees no change from operational perspective due to delay of Boeing's 777x
|
FCEL | Hot Stocks08:17 EDT FuelCell, KHNP to pursue clean hydrogen production products in Korea - FuelCell Energy and Korea Hydro & Nuclear Power, KHNP, announced that the two companies have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding, MOU, outlining the possibilities. The cooperative approach will focus on the development and implementation of advanced energy solutions using FuelCell Energy's solid oxide electrolysis hydrogen platform and KHNP's nuclear power plants within the scope of relevant laws and regulations. This initiative will combine South Korea's domestic clean energy sources with FuelCell Energy's electrolyzer platform that uniquely uses electricity and thermal energy sources to produce lower cost, domestic clean hydrogen, and diversify South Korea's hydrogen supply beyond imported fuels.
|
NDRA | Hot Stocks08:17 EDT Endra activates TAEUS system to initiate clinical study at LMU in Germany - ENDRA Life Sciences Inannounces the activation of a post market clinical study and first patient scanned with the TAEUS liver system at LMU University Hospital in Munich... LMU University Hospital is one of Europe's most highly regarded and influential academic research institutions and we are delighted to commence this partnership. This collaboration is expected to build upon ENDRA's growing portfolio of clinical data and support the company's FDA De Novo submission targeted for mid-2025. Further, we believe the data will support the adoption of TAEUS technology as the reliable and accurate biomarker for liver fat, marking it as a first strategic step into Germany's healthcare market, the largest in Europe," stated Alexander Tokman, Acting Chief Executive Officer of ENDRA and Chairman of the Board...This collaboration is expected to build upon ENDRA's growing portfolio of clinical data and support the company's FDA De Novo submission targeted for mid-2025."
|
GRFS | Hot Stocks08:16 EDT Grifols partners with BARDA for PoC testing of ocular immunoglobulin - Grifols has established a partnership with the Biomedical Advanced Research and Development Authority to test investigational ocular surface immunoglobulin eye drops for their ability to treat ocular damage from sulfur mustard exposure. BARDA is part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Services. If the preclinical evaluation is successful, the United States Food and Drug Administration could eventually license what would be one of the first medical treatments to counteract the long-term effects of sulfur mustard ocular injury. Sulfur mustard, sometimes referred to as mustard gas, is a chemical warfare agent that reacts rapidly with ocular tissue and can cause pain, photophobia and mustard gas keratopathy, a corneal injury that can lead to blindness. Grifols will develop a treatment for sulfur mustard ocular exposure by repurposing an investigational OSIG therapeutic currently in development for dry eye disease. The nonclinical studies, conducted in partnership with BARDA, may provide evidence for the anti-inflammatory and immunomodulatory properties of OSIG and its ability to alleviate the long-term effects of sulfur mustard exposure. Specifically, research will investigate how OSIG's anti-inflammatory properties can prevent the immune system from mistakenly attacking self-antigens, which in this case are proteins modified due to exposure to sulfur mustard. In cases of sulfur mustard exposure, the immune system can errantly target these self-antigens. By neutralizing the immune response caused by the self-antigens, OSIG could help protect ocular tissue and support recovery in people exposed to sulfur mustard. Grifols announced in March 2023 a collaboration with Chicago-based Selagine, which focuses on developing novel therapeutics for ocular diseases, to treat DED with immunoglobulin eye drops. The potential treatment, expected to enter clinical development in the first half of 2025, would become the first immunoglobulin medicine indicated for DED, which affects more than 100 million people globally. Grifols' work with BARDA to create an OSIG to neutralize the effects of sulfur mustard ocular exposure comes shortly after the company's GigaGen subsidiary announced a contract with BARDA, worth up to $135 million over six years, to develop recombinant polyclonal antibody therapies for biothreats including botulinum neurotoxins.
|
SCPX | Hot Stocks08:16 EDT Scorpius Holdings announces partnership with U.S. biotech company - Scorpius Holdings announced a strategic partnership with a U.S.-based biotech company. Under this agreement, the biotech company will work with Scorpius' program management team, with plans to transfer a research cell bank, RCB, to Scorpius' state-of-the-art facilities in San Antonio, TX for future biomanufacturing activities. "This partnership underscores Scorpius' ability to support biotech companies at every stage of their journey, from innovative research to clinical trials," said Jeff Wolf, CEO of Scorpius. "We are seeing a growing number of biotech companies seeking U.S.-based biomanufacturing partners, and Scorpius is equipped to provide early-stage development, preclinical manufacturing, and cGMP clinical manufacturing for both mammalian and microbial programs."
|
CMG | Hot Stocks08:15 EDT Chipotle introduces AI hiring platform - Chipotle is partnering with Paradox to introduce a new platform that aims to make hiring employees more efficient for its restaurant teams. Paradox's conversational hiring system will enable the General Managers in Chipotle's restaurants to spend less time on administrative tasks, including collecting basic information from candidates and scheduling interviews, and allow them to focus on their day-to-day operations. The technology, underpinned by Conversational AI, is expected to reduce the amount of time it takes to hire an employee for an in-restaurant position by as much as 75%. Paradox is currently being introduced in a phased approach across more than 3,500 restaurant locations, with plans for completion this month. The platform is multilingual and can converse with candidates in English, Spanish, French, and German.
|
WSC WCN | Hot Stocks08:14 EDT WillScot appoints Worthing Jackman to board of directors - WillScot Holdings (WSC) announced the appointment of Worthing Jackman to the WillScot Board of Directors, effective October 22, 2024. Mr. Jackman, age 60, served as CEO and a Director of Waste Connections (WCN) from July 2019 until April 2023, and as President from July 2018 to April 2023. Mr. Jackman will serve as a member of the Audit Committee.
|
PDSB | Hot Stocks08:14 EDT PDS Biotechnology presents rationale, design for study evaluating PDS01ADC - PDS Biotechnology announced that the rationale and trial design for a study evaluating PDS01ADC for the treatment of recurrent prostate cancer will be discussed during an oral presentation at the 12th Annual Meeting of the International Cytokine & Interferon Society in Seoul, South Korea.
|
FTNT CRWD | Hot Stocks08:14 EDT Fortinet and Crowdstrike team on protection from endpoint to firewall - CrowdStrike (CRWD) announced a strategic partnership with Fortinet (FTNT) to unify best-in-class endpoint and firewall protection. By integrating AI-native endpoint security from the CrowdStrike Falcon cybersecurity platform and Fortinet's FortiGate next-generation firewalls NGFW customers and partners gain the flexibility, visibility and security across networks, applications and endpoints to stop breaches..."Two of cybersecurity's leading companies partnering, each with a world-class channel ecosystem, creates a powerful combination that benefits everyone involved," said Jay McBain, chief analyst at Canalys. "The CrowdStrike and Fortinet partnership is a win for customers, who gain access to a multi-layer network and endpoint security, and a win for partners, who now have even greater opportunities to deliver value and drive growth." "Presidio is committed to protecting global customers with the world's most advanced cybersecurity solutions," said Justin Tibbs, vice president, cybersecurity, Presidio. "Today, that means best-of-breed technologies that seamlessly integrate and serve as a force multiplier to each other's capabilities, supercharging the security services provider toolkit. CrowdStrike and Fortinet are the validated leaders in their respective fields, and we're thrilled to offer this powerful combination of AI-native endpoint and next-generation firewall protection."
|
ALGS | Hot Stocks08:13 EDT Aligos announces FDA cleared IND for Phase 1 DDI study of ALG-000184 - Aligos Therapeutics announced that the U.S. Food and Drug Administration, FDA, has cleared the Company's Investigational New Drug, IND, for a Phase 1 Drug-Drug Interaction, DDI, study of ALG-000184, a capsid assembly modulator, CAM-E, for the treatment of Chronic Hepatitis B, CHB. "The acceptance of our third U.S. IND is an important milestone for Aligos," said Lawrence Blatt, Ph.D., MBA, Chairman, President, and Chief Executive Officer of Aligos Therapeutics. "This IND clearance allows us to begin the next stages of our clinical development for ALG-000184, including the advancement of the compound into Phase 2 clinical trials. ALG-000184 is the first novel, oral drug candidate for the treatment of HBV infection that can inhibit multiple components of the viral lifecycle, leading to more complete suppression of the virus compared to other therapeutic modalities."
|
ASST | Hot Stocks08:13 EDT Asset Entities receives extension from Nasdaq to regain compliance - Asset Entities had bees granted an extension until February 17, 2025, to regain compliance with Nasdaq Listing Rule 5550(b)(1). As previously disclosed, on August 21, 2024, the Company received a written notification from the staff of The Nasdaq Stock Market notifying the Company that it is not in compliance with the minimum $2,500,000 stockholders' equity requirement set forth in Nasdaq Listing Rule 5550(b)(1) for continued listing on The Nasdaq Capital Market tier of Nasdaq. In accordance with Nasdaq rules, the Company was provided 45 calendar days, or until October 7, 2024, to submit a plan to regain compliance with Nasdaq Listing Rule 5550(b)(1). On October 7, 2024, Asset Entities presented a strategic plan to the Nasdaq staff detailing both immediate and long-term strategies to regain compliance with the requirements outlined in Nasdaq Listing Rule 5550(b)(1). This comprehensive plan encompassed a series of decisive steps, including reducing operating costs and pursuing additional capital through various strategic financing options. The plan was crafted to meet Nasdaq's immediate compliance requirements and to strengthen the Company's overall financial position and operational efficiency. Following a recent submission of the Company's plan to the Nasdaq staff, the Nasdaq staff issued an extension on October 17, 2024, granting Asset Entities until February 17, 2025, to demonstrate full compliance with Nasdaq Listing Rule 5550(b), which requires a minimum stockholders' equity of $2,500,000. Asset Entities has taken steps to fully comply by aggressively working to improve its financial strength and operations. These efforts include ongoing cost reduction initiatives and raising additional capital for future acquisitions, including by utilizing its existing at-the-market offering, and expects to take further action so that Asset Entities can meet the $2,500,000 stockholders' equity requirement by the February 17, 2025 deadline.
|
MMLP | Hot Stocks08:13 EDT Martin Midstream Partners shareholders Nut Tree and Caspian to oppose sale - Martin Midstream Partners, or MMLP, shareholders Nut Tree Capital and Caspian Capital intend to oppose the proposed sale of Martin Midstream Partners to Martin Resource Management, or MRMC, an affiliate of the company's general partner, for $4.02 per MMLP common unit not already owned by MRMC. Nut Tree and Caspian have combined economic exposure in the company of approximately 13.2% of the outstanding common units through certain cash-settled derivative agreements. Nut Tree and Caspian stated that they believe that "the proposed sale price significantly undervalues the company and its prospects, and that if the merger is completed on its current terms, MRMC will receive significant upside for itself that rightfully belongs to all MMLP unitholders". Nut Tree and Caspian intend to file a proxy statement with the SEC and solicit votes "against" the proposed transaction at the company's upcoming special meeting to be held to approve the related merger agreement. Both shareholder companies believe that the Conflicts Committee of the board did not fully explore potentially superior alternatives to the sale to MRMC.
|
INDP BGNE | Hot Stocks08:11 EDT Indaptus Therapeutics announces clinical supply agreement with BeiGene - Indaptus Therapeutics (INDP) announced a clinical supply agreement with BeiGene (BGNE). Building on Indaptus' preclinical observation that Decoy20, when combined with a PD-1 inhibitor, induced complete cancer regressions and immunological memory in animal models, Indaptus plans to advance human clinical evaluation of the combination of BeiGene's anti-PD-1 antibody, tislelizumab, with Indaptus' Decoy20, a novel treatment designed to induce a broad immune response to fight cancer.
|
VERI | Hot Stocks08:11 EDT Veritone divests Veritone One media agency to Insignia Capital for $104M - Veritone announced that it has sold its media agency, Veritone One, to Insignia Capital. Total consideration from the divestiture is up to $104M, subject to customary purchase price adjustments and including up to $18M in cash subject to an earn-out based on Veritone One's achievement of certain net revenue targets during calendar year 2025. Net proceeds will be used to retire a significant portion of Veritone's term debt and to fund future operations. The transaction significantly strengthens Veritone's balance sheet and liquidity, allowing Veritone to concentrate on accelerating the growth of its enterprise AI software and solutions, powered by its proprietary aiWARE platform. This strategic focus is designed to enhance long-term shareholder value and position Veritone for sustained success in the AI sector. In addition to acquiring Veritone One, Insignia Capital Group simultaneously acquired Oxford Road, another leading audio advertising agency. The two entities will operate independently in the near-term but will leverage their combined scale, technology, analytics platform and industry expertise to deliver unparalleled performance for their clients.
|
CAPN | Hot Stocks08:11 EDT Cayson Acquisition announces separate trading of ordinary shares, rights - Cayson Acquisition Corp announced that, commencing on or about October 24, 2024, holders of its units sold in the Company's initial public offering may elect to separately trade the Company's ordinary shares and rights included in the units. The ordinary shares and rights that are separated will trade on the Nasdaq Global Market under the symbols "CAPN" and "CAPNR," respectively. No fractional rights will be issued upon separation of the units and only whole rights will trade. Those units not separated will continue to trade on Nasdaq under the symbol "CAPNU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into ordinary shares and rights. The Company is a Cayman exempt company, formed as a blank check company for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a target business on entities located throughout Asia but will not be limited to a particular industry or geographic location. The Company is led by its Chairman of the Board and CEO, Yawei Cao.
|
TSHA | Hot Stocks08:10 EDT Taysha Gene Therapies to present biodistribution data from AAV9 analysis - Taysha Gene Therapies will present biodistribution data from an analysis of 28 non-human primates evaluating the delivery of AAV9 gene therapy vectors across five different studies using intrathecal delivery by lumbar puncture or intra-cisterna magna injection. The data will be presented during a poster presentation at the upcoming 31st Annual Congress of the European Society of Gene & Cell Therapy, taking place in Rome, Italy from October 22-25, 2024. These findings reinforce Taysha's clinical development approach utilizing IT administration to deliver AAV-based gene therapies designed to treat the genetic root cause of CNS diseases, including the TSHA-102 program in clinical evaluation for children, adolescents and adults living with Rett syndrome. "Findings from an analysis across five NHP studies showed that both IT and ICM administration led to comparable, consistent and widespread biodistribution of AAV9 vector throughout the brain and spinal cord regions," said Sukumar Nagendran, President and Head of Research & Development. "Importantly, these findings further support the clinical potential of IT administration as an effective, safe and minimally invasive delivery approach for broad targeting of the CNS that has potential for outpatient use in both children and adults. We believe the NHP biodistribution data, together with our additional preclinical data, reaffirm our clinical development strategy utilizing IT administration and provide translational support for the broad clinical effect reported following treatment with TSHA-102 in both our REVEAL adolescent/adult trial and REVEAL pediatric trial."
|
FTEK | Hot Stocks08:10 EDT Fuel Tech announces FUELCHEM commercial contract for utility customer - Fuel Tech announced the commencement of a new commercial program using the Company's proprietary TIFI Targeted In-Furnace Injection technology for a large coal-fired boiler at a Midwest United States utility. This order comes after a demonstration of the Company's TIFI technology at this unit over the past several months. The annual revenue potential from this contract is projected to be approximately $1.5 to $2.0 million based on the customer running the program full-time, with the revenue expected to generate historic FUEL CHEM gross margins.
|
WMT | Hot Stocks08:09 EDT Walmart launches same-day pharmacy delivery - Walmart announced that it is expanding delivery offerings - integrating prescription medications and general merchandise into one streamlined single order for delivery. The new offering is now live in six states: Arkansas, Missouri, New York, Nevada, South Carolina and Wisconsin. By the end of January 2025, Walmart's Pharmacy Delivery is expected to be available in 49 states, reaching tens of millions of customers. Pharmacy Delivery is available for both new prescriptions along with medication refills.
|
LXRX | Hot Stocks08:09 EDT Lexicon completes screening in Phase 2B progress study of LX9211 - Lexicon Pharmaceuticals announced that it has closed screening and expects to complete enrollment ahead of schedule in PROGRESS studying LX9211, an orally-delivered, potent, selective, investigational small molecule inhibitor of adaptor-associated kinase 1, AAK1. The Company also updated its expectations for the timing of anticipated top-line data, from the second quarter of 2025 to the first quarter of 2025.
|
AKBA | Hot Stocks08:08 EDT Akebia signs commercial supply contract with dialysis organization - Akebia Therapeutics announced that it has signed a multi-year commercial contract with one of the nation's leading providers of kidney care services, expanding access to Vafseo for patients on dialysis. The contract enables physicians to prescribe Vafseo to patients on dialysis as deemed clinically appropriate. Akebia expects Vafseo will be available in the U.S. in January 2025.
|
BTOC | Hot Stocks08:08 EDT Armlogi Holding announces enhancements to Warehouse Management System - Armlogi announced enhancements to its Warehouse Management System through the integration of artificial intelligence (AI). The upgraded WMS system is set to transform the way Armlogi streamlines operations, optimizes inventory management, and enhances overall efficiency across its global warehousing operations. Armlogi's upgraded WMS is designed to reduce new users' learning curve, minimize operational errors, and enhance productivity. By integrating AI, the system is expected to predict future inventory requirements and optimize warehouse layouts and picking routes. We believe that this upgrade could significantly reduce warehouse personnel's walking distance and time, leading to greater operational efficiency and faster order processing.
|
ALLR | Hot Stocks08:08 EDT Allarity granted EPO for DRP companion diagnostic for stenoparib - Allarity Therapeutics announced that the European Patent Office, EPO, has issued a formal notice of its intention to grant a patent for Allarity's Drug Response Predictor, DRP, companion diagnostic specific to stenoparib, the Company's dual-targeted PARP/Tankyrase inhibitor. This patent represents a significant step forward in securing Allarity's market position for stenoparib and the Stenoparib DRP companion diagnostic, which identifies patients most likely to derive clinical benefit from stenoparib treatment.
|
SGMO | Hot Stocks08:08 EDT Sangamo announces alignment with FDA on ST-920 accelerated approval pathway - Sangamo announced the outcome of a recent interaction with the FDA, providing a clear regulatory pathway to accelerated approval for isaralgagene civaparvovec, or ST-920, its wholly owned gene therapy product candidate for the treatment of Fabry disease. The FDA has agreed in a Type B interaction that data from the ongoing Phase 1/2 STAAR study can serve as the primary basis for approval under the accelerated approval program, using eGFR slope at 52 weeks across all patients as an intermediate clinical endpoint. The complete dataset to support an accelerated approval pathway will be available in the first half of 2025. This approach unlocks a potential BLA submission in the second half of 2025, three years ahead of previous estimates, and avoids the requirement for an additional registrational study to establish clinical efficacy. Sangamo engaged with the FDA on alternative pathways to potential approval following analysis of clinical data from the Phase 1/2 STAAR study showing encouraging safety and efficacy data, including promising preliminary evidence of improved kidney function. Based on these latest data, the FDA agreed that eGFR slope at 52 weeks can serve as an intermediate clinical endpoint to support a potential accelerated approval. The FDA also advised that eGFR slope at 104 weeks may be assessed to verify clinical benefit.
|
FSHP | Hot Stocks08:08 EDT Flag Ship Acquisition enters into merger agreement with Great Rich Technologies - Flag Ship Acquisition has signed a definitive merger agreement with Great Rich Technologies and GRT Merger Star - Merger Sub. Upon completion of the merger, shareholders of Flag Ship will receive ADSs of GRT and Flag Ship will be merged into the Merger Sub, a wholly-owned subsidiary of GRT. Completion of the merger will be subject to customary closing conditions. GRT, a Hong Kong entity, has been in the business of developing and mass producing various optoelectronic products for more than a decade. It is publicly listed in South Korea, and has been pursuing expansion with new factories and production line projects in China in recent years. Each ordinary share of Flag Ship will be automatically cancelled, extinguished and exchanged for the right to receive, immediately upon consummation the merger, one ordinary share of GRT payable in ADSs of GRT. The closing conditions of the merger include, among others, the approval of the merger by Flag Ship's existing shareholders and approvals from GRT shareholders, and the approval for listing of GRT's ADSs on the Nasdaq Stock Market.
|
XOMA TWST | Hot Stocks08:07 EDT Xoma enters $15M royalty monetization arrangement with Twist Bioscience - XOMA Royalty Corporation (XOMA) has entered into a $15 million royalty monetization arrangement with Twist Bioscience Corporation (TWST) to acquire a 50 percent economic interest in all future milestones and royalties associated with the 60-plus partnered early-stage programs across 30 partners enabled by Twist Bioscience's Biopharma Solutions business unit. Under the terms of the agreement, XOMA Royalty has acquired 50 percent of the economics related to Twist Bioscience's 60-plus early-stage programs across 30 partners for a $15 million upfront payment.
|
NUKK | Hot Stocks08:07 EDT Nukkleus announces 1-for-8 reverse stock split - Nukkleus announced that it will effect a 1-for-8 reverse split of the issued shares of its common stock, effective on October 24, 2024. The Company's common stock will begin trading on a reverse stock split-adjusted basis at the opening of the market on Thursday, October 24, 2024. Following the reverse stock split, the Company's common stock will continue to trade on The Nasdaq Global Market under the symbol "NUKK."
|
TXT GOGO | Hot Stocks08:06 EDT Textron Aviation to install Gogo Galileo HDX as factory option for Cessna models - Gogo Business Aviation (GOGO) announced that Textron Aviation will install Gogo's global Low-Earth-Orbit solution, Gogo Galileo HDX, as a factory option for the Cessna Citation Longitude, Citation Latitude and Citation Ascend business jet. Textron Aviation, a Textron (TXT) company, is the first business aviation OEM to offer Gogo Galileo HDX from the factory, securing a truly global connectivity solution with market-leading performance for its operators.
|
MNPR | Hot Stocks08:06 EDT Monopar Therapeutics presents data from radiopharma program based on MNPR-101 - Monopar Therapeutics is presenting data from the clinical and preclinical development of its novel radiopharma program based on MNPR-101 at the European Association of Nuclear Medicine, EANM, 2024 Annual Congress held in Hamburg, Germany. MNPR-101-Lu radiation dosimetry analytics using human data from MNPR-101-Zr show a favorable organ safety profile at high Lu-177 therapeutic dose levels. "We were able to optimize our uPAR-targeted radiopharmaceuticals in preclinical studies, and the data show these efforts have translated directly into humans with encouraging tumor uptake. Even at the highest Lu-177 therapeutic antibody dose we are aware of in the clinic, we estimate a favorable radiation dosimetry safety profile for off-target effects such as bone marrow exposure," said Andrew Cittadine, Monopar's Chief Operating Officer.
|
FVRR | Hot Stocks08:05 EDT Fiverr releases 'Nobody Cares' AI campaign - Fiverr unveils a delightfully ironic new AI campaign featuring a wacky, classic Broadway-style musical called "Nobody Cares", along with jazz-hands, cameos and a sing-along tune that spotlights how people don't care if you use AI. The company also issued a new report that shifts the focus to what you should care about - the talent using it, how they're using it, and the results it delivers. At a time when professionals and brands alike are finding their footing when it comes to using AI, the over-the-top campaign reminds us that when it comes to new technology whether it is in the form of new services, products, tools, or AI-generated cats, the results ultimately lie in the hands of the people using them. The new 'Nobody Cares' musical advertisement, featuring cameos from Ross Pomerantz, known as Corporate Bro, and Fiverr CEO Micha Kaufman, will run online and across social media platforms beginning on October 22nd. Fiverr's 2024 Generative AI Usage Report, released today, surveyed 3,300 Fiverr freelancers to provide insights on the AI tools they are using along with the trends, results, potential challenges and benefits of using them. With ChatGPT, MidJourney, and Firefly ranking among the most used generative AI tools among freelancers, according to the new report, the research shows that usage among freelancers has increased to 63%, up by 5% since 2023. It also highlights that while AI tools usage is rising among freelancers, a high level of skepticism remains, exacerbated by concerns of accuracy and quality along with legal, copyright, and privacy issues. The report underscores the critical role human expertise plays when using AI to ensure quality results.
|
ONFO | Hot Stocks08:04 EDT Onfolio aquires Eastern Standard Business - Onfolio announced that it has successfully completed the previously disclosed transaction to acquire the majority interest in the assets of Eastern Standard. Eastern Standard provides clients with digital marketing services including integrated branding, and digital customer experiences. "We continue to maintain an active pipeline of profitable companies we can acquire and expect that our Special Purpose Vehicle model, along with our non-convertible Series A Preferred Shares, will continue to play an important part of our future acquisitions," commented Onfolio CEO Dominic Wells.
|
TRI | Hot Stocks08:04 EDT Thomson Reuters acquires Materia, terms not disclosed - Thomson Reuters announced it has acquired Materia, a U.S.-based startup that specializes in the development of an agentic AI assistant for the tax, audit and accounting profession. This transaction, which is complementary to Thomson Reuters AI roadmap, accelerates Thomson Reuters vision for the provision of generative AI tools to the professions it serves.
|
ZVSA | Hot Stocks08:03 EDT ZyVersa Therapeutics announces publication of data on obesity, neuroinflammation - ZyVersa Therapeutics highlights data published in the peer-reviewed journal, Aging Cell, demonstrating that obesity in older adults or prolonged duration of obesity in the younger population resulted in inflammation and suppression of neurotrophic/neuroprotective factors in the brain, indicating that age and duration of obesity are critical risk factors for neurodegenerative diseases. The paper titled, Age and duration of obesity modulate the inflammatory response and expression of neuroprotective factors in mammalian female brain, summarizes research conducted in a diet-induced obesity mouse model. To characterize the effects of age and duration of obesity, adolescent and mature adult female mice were fed a high fat diet for either 13 or 26 weeks. Age-matched control mice were fed a standard diet. Key findings: HFD induced a typical obesity phenotype in mice independent of age and duration; Significant weight gain, increase in fat cell size, and subcutaneous adipose tissue inflammation; At 13 weeks, adolescent obese mice developed a limited inflammatory response in the hypothalamus, but when the duration was extended to 26 weeks: A systemic inflammatory response was demonstrated; Inflammation was demonstrated in visceral adipose tissue, which is responsible for comorbidities, and in all three brain regions studied; Neurotrophic/neuroprotective factors were suppressed; Microgliosis and astrogliosis developed, which are associated with brain damage; Unlike adolescent mice at 13 weeks, mature adult mice demonstrated systemic inflammation and suppression of neurotrophic/neuroprotective factors in all three brain regions studied. This was sustained through the 26-week study, suggesting that advanced age may negatively affect obesity outcomes earlier than in younger individuals.
|
NSC | Hot Stocks08:03 EDT Norfolk Southern reports Q3 adjusted operating ratio 63.4% - Operating ratio in the quarter was 47.7% compared to 74.6% in third quarter 2023. On an adjusted basis, the operating ratio for third quarter 2024 was 63.4%. This represents 570 basis points of improvement from adjusted third quarter 2023 which was 69.1%.
|
BCTX | Hot Stocks07:54 EDT BriaCell announces survival data from Phase 2 metastatic breast cancer study - BriaCell Therapeutics announces new survival data, outperforming patients, and survival rates in its Phase 2 metastatic breast cancer study. In BriaCell's Phase 2 clinical study, patients treated with the same Bria-IMT regimen formulation being used in the ongoing Phase 3 pivotal trial experienced a one-year survival rate of 55%. This rate exceeds the survival data of the current standard of care for similar patients. Notably, 4 of 13 patients recruited in 2022 remain in survival follow-up as well, including: Patient 01-009: Overall survival of 25 months has been reported in a patient who had failed 6 prior treatments prior to the BriaCell regimen. Stable disease and lymph node shrinkage has been recorded during 13 cycles of therapy. Patient 07-001: OS of 24 months. She had stable disease and received 8 cycles of BriaCell's therapy. Patient 16-003: OS of 15 months and received 8 cycles of therapy with stable disease. Prior to the BriaCell regimen, she had 7 lines of therapy, which included the progression of disease while on the antibody-drug conjugate Enhertu. Patient 11-018: OS of 14 months. This previously-reported responder with 100% resolution of her brain metastasis has recently completed her 19th cycle of therapy. The Phase 2 study enrolled 54 heavily pre-treated metastatic breast cancer patients who received the Bria-IMT regimen plus checkpoint inhibitor. Of these 54 patients, 37 were treated with the formulation currently being used in BriaCell's ongoing pivotal Phase 3 study in metastatic breast cancer. Final median overall survival calculation for the Phase 2 study is pending, as many patients remain alive. No Bria-IMT related discontinuations have been reported to date.
|
GE | Hot Stocks07:50 EDT GE Aerospace sees 2024 Leap engine deliveries down 10% y/y
|
J | Hot Stocks07:46 EDT Jacobs selected by US Bureau of Reclamation for New Mexico water project - Jacobs was selected by the U.S. Bureau of Reclamation to design and build the San Juan Lateral Water Treatment Plant in northwest New Mexico. At a cost of $267M, the plant is the largest and most important component of the Navajo-Gallup Water Supply Project. When completed, the project will provide water supplies to approximately 250,000 people in 43 Navajo chapters. Jacobs will design and build the San Juan Lateral Water Treatment Plant to initially treat up to 18.8 million gallons of water per day, with the ability to double the plant's capacity. At full build-out the plant will be able to serve over 200,000 people. The project is 70% complete, with initial water deliveries expected in late 2028 and final completion by the end of 2029.
|
MGNX | Hot Stocks07:40 EDT MacroGenics in $40M deal with TerSera Therapeutics for sale of Margenza - MacroGenics and TerSera Therapeutics announced that they have entered into an agreement in which TerSera will acquire global rights to MARGENZA or margetuximab-cmkb. MARGENZA was approved by the U.S. Food and Drug Administration FDA n December 2020 in combination with chemotherapy for the treatment of adult patients with metastatic HER2-positive breast cancer who have received two or more prior anti-HER2 regimens, at least one of which was for metastatic disease. The approval was based on results from the pivotal Phase 3 head-to-head clinical trial or SOPHIA, evaluating the safety and efficacy of MARGENZA vs. Herceptin or trastuzumab , both combined with chemotherapy. Pursuant to the terms of the agreement, TerSera will pay MacroGenics $40M at closing. MacroGenics may receive additional sales milestone payments of up to an aggregate of $35M . The transaction is expected to close in the fourth quarter of 2024, subject to customary closing conditions. "This transaction will enable us to focus our efforts on advancing our pipeline of novel and differentiated oncology product candidates," said Scott Koenig, M.D., Ph.D., President and Chief Executive Officer of MacroGenics. "We believe TerSera's established and complementary U.S. commercial infrastructure has the potential to broaden patient access to MARGENZA."
|
GE | Hot Stocks07:39 EDT GE Aerospace CEO says taking steps with suppliers to increase inputs - Also says making progress on Leap durability.
|
GE BA | Hot Stocks07:38 EDT GE Aerospace CEO says committed to supporting Boeing - GE Aerospace (GE) says it is continuing to coordinate closely with Boeing (BA) and it is "committed" to supporting the company as it navigates the current dynamics. Comments taken from Q3 earnings conference call.
|
SIGA | Hot Stocks07:38 EDT Siga Technologies enters exclusive license agreement with Vanderbilt University - SIGA Technologies entered into an agreement with Vanderbilt University to obtain a license to a portfolio of preclinical fully human monoclonal antibodies which could be used as potential treatments for a broad range of orthopoxviruses, including smallpox and mpox. Under the agreement, SIGA has exercised its option to license the exclusive rights to develop, manufacture, and commercialize these mAbs globally. Developed by James Crowe, Jr., M.D., Professor of Pediatrics, Pathology, Microbiology and Immunology at Vanderbilt University Medical Center, these mABs have demonstrated promise in preclinical models and could potentially be used as standalone treatments or in combination with TPOXX. The U.S. Department of Defense is currently funding the development of these mAbs as potential orthopoxvirus treatments through Phase 1 clinical trials under a contract awarded to a contract manufacturing organization with biologics expertise. The financial terms of the transaction were not disclosed.
|
GUROF | Hot Stocks07:37 EDT Guru Organic Energy achieves 69% growth on Amazon Prime Day 2024 - GURU Organic Energy announce growth in the United States during Amazon Prime Day 2024. Building on the successful launch of its GURU Zero line on Amazon in September, the brand achieved strong gains in both sales and units sold, reinforcing its position as a leader in the organic energy drink market. During Prime Day, GURU posted a 69% increase in sales over last year, setting a new record. GURU's outstanding performance led to front page visibility in several key energy drink categories, including clean, natural, and zero-sugar energy drinks. Carl Goyette, President and CEO of GURU, commented: "Our performance on Amazon Prime Day reflects the growing momentum of our GURU Zero lineup in the U.S. since its launch. Consumers are increasingly seeking healthier energy drink options, and our zero-sugar products resonate strongly with those looking for clean, organic alternatives without artificial sweeteners. We're thrilled by the positive response from U.S. consumers and remain committed to expanding our reach in this fast-growing market."
|
LMT | Hot Stocks07:36 EDT Lockheed Martin reports Q3 cash from operations of $2.4B; free cash flow $2.1B
|
HYZN | Hot Stocks07:36 EDT Hyzon Motors receives first order for hydrogen-powered fuel cell EVs - Hyzon has entered into a purchase agreement for North America's first 12 hydrogen-powered refuse Fuel Cell Electric Vehicles - FCEVs - with recycling and innovation company GreenWaste, contingent upon Hyzon meeting certain commercial terms and specifications as defined in the agreement. The company also recently announced the Start of Production of its single-stack 200kW Fuel Cell System, which enables Hyzon to manufacture standardized FCSs at volume for commercial sale. Hyzon's FCEVs are the first hydrogen-powered refuse collection FCEVs available for trial and purchase in North America, and GreenWaste is the first company in North America to commercially operate them. The hydrogen-powered refuse collection FCEVs produce zero tailpipe emissions. In 2023, GreenWaste achieved a 36.3% reduction in total combined Scope 1 and Scope 2 greenhouse gas emissions from its 2022 baseline. The purchase agreement comes on the back of GreenWaste's trial of Hyzon's refuse FCEV, where it successfully completed several trial routes throughout the Bay Area. Refuse FCEV deliveries are expected to GreenWaste starting as soon as Q4 2025.
|
TDY | Hot Stocks07:36 EDT U.S. Army awards Teledyne $91M contract for Black Hornet 4 drone systems - Teledyne FLIR Defense, part of Teledyne Technologies Incorporated has won a five-year contract worth up to $91M to provide its Black Hornet 4 Personal Reconnaissance Systems to the United States Army. The advanced nano-unmanned aerial systems UAS are being acquired under the Soldier Borne Sensor SBS program, Phase II...Teledyne FLIR has received $25M in initial orders that will cover delivery of the first tranche of Black Hornet 4 drones, as well as controllers, spare parts, and training.The U.S. Army began acquiring Black Hornet 3 systems for the original SBS program in 2018. Since then, they have placed orders totaling more than $215M for the multi-faceted drone. Soldiers are using the UAVs to augment squad and small unit surveillance and reconnaissance capabilities.
|
BFRG | Hot Stocks07:35 EDT Bullfrog AI to present at Google's Cancer AI Symposium - BullFrog AI, announced its VP Artificial Intelligence, Enrique Garcia-Rivera, Ph.D., will present at Google's inaugural Cancer AI Symposium on October 30, 2024, at the Boston Center for the Arts. Dr. Garcia-Rivera's presentation will showcase BullFrog AI's groundbreaking use of artificial intelligence in drug discovery and development. Highlighting the Company's proprietary bfLEAP platform, the presentation will explore how multimodal biological data-including genomics, transcriptomics, and clinical data-are integrated to accelerate the drug development process. A key aspect of the presentation will be how bfLEAP is applied to cancer research, leveraging AI to identify complex biological patterns that contribute to disease progression and treatment resistance. Dr. Garcia-Rivera will also reference BullFrog AI's collaboration with the Lieber Institute for Brain Development as a prime example of how bfLEAP is being utilized across various therapeutic areas. The collaboration, which focuses on neurological disorders such as bipolar disorder, underscores the platform's versatility and potential to drive innovation across multiple domains, including cancer. Dr. Garcia-Rivera will also introduce BullFrog AI's novel "AlgoLLM" system for gene prioritization, which revolutionizes the identification of high-priority targets in drug development by harnessing large language models. This innovative AI tool is critical for streamlining the discovery of actionable insights in neuropsychiatric disorders and other diseases, advancing the Company's mission to develop more effective and personalized treatments.
|
LMT | Hot Stocks07:34 EDT Lockheed Martin sees FY24 cash from operations ~$7.95B vs. prior $7.75B-$8.05B - Backs FY24 CapEx view ~$1.75B.
|
CGTX | Hot Stocks07:34 EDT Cognition Therapeutics releases new episode of 'Conversations' podcast - Cognition Therapeutics has released a new Conversations video podcast episode. The new episode, which has been launched during DLB Awareness Month, is titled "Executing Clinical Research in Dementia with Lewy Bodies." This conversation features a panel of experts who discuss the similarities and differences between DLB and Alzheimer's disease, as well as the unique constellation of symptoms experienced by DLB patients. Panelists also discuss the design of the SHIMMER study of CT1812 in mild-to-moderate DLB, and the value of identifying signals of clinical and functional benefit in a condition for which there are currently no approved disease-modifying therapies.
|
LXEO | Hot Stocks07:33 EDT Lexeo Therapeutics to present interim data from Phase 1/2 trial of LX1001 - Lexeo Therapeutics announced that interim data from the ongoing Phase 1/2 trial of LX1001 have been selected as a late-breaking oral presentation at the Clinical Trials on Alzheimer's Disease conference taking place October 29 - November 1, 2024, in Madrid, Spain. The presentation will include new safety and biomarker data from four dose cohorts of LX1001, an AAVrh10-based gene therapy candidate designed to deliver the protective APOE2 gene into the central nervous systems of APOE4 homozygotes with Alzheimer's disease. The Phase 1/2 clinical trial is an open-label, dose-ranging study evaluating the safety and tolerability of LX1001 in fifteen patients with Alzheimer's disease and two copies of the APOE4 allele. Study enrollment was completed in Q4 2023. The presentation will review safety as well as multiple measures of efficacy, including protein expression and tau and amyloid biomarkers. 12-month data will be presented for all patients in Cohorts 1-3, and 6-month data for Cohort 4.
|
SNGX | Hot Stocks07:33 EDT Soligenix granted Hong Kong patent for production of synthetic hypericin - Soligenix announced that the Hong Kong Patent Office has granted the patent entitled "Systems and Methods for Producing Synthetic Hypericin". The newly issued patent's claims are directed to a novel, highly purified form of synthetic hypericin manufactured through a unique proprietary process. Synthetic hypericin is the active pharmaceutical ingredient in HyBryte, the company's photodynamic therapy for the treatment of cutaneous T-cell lymphoma, set to initiate a confirmatory Phase 3 clinical trial before the end of the year. The same active ingredient is also used in SGX302, a potential topical treatment for plaque psoriasis. This new granted patent is a related patent to one previously issued in the U.S., and is in the same family as another patent granted in Europe. These patents are expected to expire in 2036.
|
LMT | Hot Stocks07:32 EDT Lockheed Martin sees FY24 free cash flow ~$6.2B vs. prior view $6B-$6.3B
|
SLVTF | Hot Stocks07:28 EDT Silver Tiger Metals announces Preliminary Feasibility Study for El Tigre - Silver Tiger Metals announced a Preliminary Feasibility Study for its 100% owned, silver-gold El Tigre Project located in Sonora, Mexico. The PFS is focused on the conventional open pit mining economics of the Stockwork Mineralization Zone defined in the updated Mineral Resource Estimate. The updated MRE also contains an Out-of-Pit Mineral Resource that Silver Tiger plans to study in a Preliminary Economic Assessment in H1-2025. Highlights of the PFS are as follows: After-Tax net present value of $222 million with an After-Tax IRR of 40.0% and Payback Period of 2.0 years; 10-year mine life recovering a total of 43 million payable silver equivalent ounces or 510 thousand payable gold equivalent ounces, consisting of 9 million silver ounces and 408 thousand gold ounces; Total Project undiscounted after-tax cash flow of $318 million; Initial capital costs of $86.8 million, which includes $9.3 million of contingency costs, over an expected 18-month build, expansion capital of $20.1 million in year 3 and sustaining capital costs of $6.2 million over the life of mine; Average LOM operating cash costs of $973/oz AuEq, and all in sustaining costs of $1,214/oz AuEq or Average LOM operating cash costs of $12/oz AgEq, and all in sustaining costs of $14/oz AgEq; Average annual production of approximately 4.8 million AgEq oz or 56.7 thousand AuEq oz; and Three years of production in the Proven category in the Phase 1 Starter Pit. Highlights of the updated Mineral Resource Increased confidence in MRE, with increase of 132% in Total Measured & Indicated Silver Equivalent Ounces from September 2023 MRE, with 59% increase in Measured & Indicated AgEq grade; Total Measured & Indicated Mineral Resource of 200 Moz AgEq grading 92 g/t AgEq contained in 68.0 million tonnes Inferred Mineral Resource of 84 Moz AgEq grading 180 g/t AgEq contained in 14.5 Mt; and Inclusion of Out-of-Pit Mineral Resource of 5.3 Mt Measured & Indicated Mineral Resource at grade of 255 g/t AgEq and 10.1 Mt Inferred Mineral Resource grading 216 g/t AgEq.
|
IMUX | Hot Stocks07:28 EDT Immunic announces outcome of ENSURE program - Immunic announced the outcome of the non-binding, interim futility analysis of its phase 3 ENSURE program, investigating lead asset, nuclear receptor related 1, or Nurr1, activator, vidofludimus calcium, or IMU-838, for the treatment of relapsing multiple sclerosis, or RMS. Based on the outcome of the interim futility analysis, an unblinded Independent Data Monitoring Committee, or IDMC, has recommended that the trials are not futile and should continue as planned. The interim futility analysis of the phase 3 ENSURE program was performed by an unblinded IDMC and based on a pre-specified assessment after approximately half of the planned first relapse events occurred in the double-blind treatment periods of each of the twin ENSURE-1 and ENSURE-2 trials. The analysis was intended to inform potential sample size adjustment and help prevent the final study readout from occurring before sufficient events have been achieved. The unblinded IDMC was asked to make two decisions: The first question, as to whether the trials are futile, was answered by the IDMC with "futility criteria have not been met." The second question, as to whether the sample size in each trial should be increased, was answered by the IDMC with "continue as planned." Both decisions were based on the conditional power of the trials at the time of the interim analysis. Immunic has remained blinded during the interim analysis and has not seen any of the data available to the IDMC to make their recommendations. The ongoing ENSURE program comprises two identical multicenter, randomized, double-blind phase 3 trials designed to evaluate the efficacy, safety and tolerability of vidofludimus calcium versus placebo in RMS patients. Each of the trials, titled ENSURE-1 and ENSURE-2, is expected to enroll approximately 1,050 adult patients with active RMS at more than 100 sites in more than 15 countries, including the United States, India and countries in Latin America, Central and Eastern Europe. Patients are being randomized in a double-blinded fashion to either 30 mg daily doses of vidofludimus calcium or placebo and the primary endpoint for both trials is time to first relapse up to 72 weeks. Key secondary endpoints include time to confirmed disability worsening based on Expanded Disability Status Scale disability progression, volume of new T2-lesions, time to sustained clinically relevant changes in cognition, and percentage of whole brain volume change, grey matter volume and white matter volume. As previously reported, completion of ENSURE-1 is anticipated in the second quarter of 2026, with completion of ENSURE-2 expected in the second half of 2026.
|
IGT | Hot Stocks07:25 EDT International Game signs three-year contract with La Francaise des Jeux - International Game announced that its subsidiary, IGT Global Solutions Corporation, has signed a three-year contract with La Francaise des Jeux, or FDJ, the operator of the French National Lottery, to deliver instant ticket games. This contract was awarded following a competitive procurement process, and reflects a longstanding partnership between IGT and FDJ, built on mutual trust and a shared commitment to global sustainability.
|
CDAQ | Hot Stocks07:23 EDT Compass Digital Acquisition, EEW Renewables release investor webcast - EEW Renewables and Compass Digital Acquisition announced the release of an investor webcast related to the proposed business combination agreement (providing for the proposed business combination between CDAQ and EEW. The investor webcast includes a presentation from the EEW and CDAQ leadership teams. The presentation provides the latest views on EEW's renewable energy thesis, business model, addressable market opportunity, market growth drivers, project pipeline, financial outlook, and transaction overview. On September 6, 2024, EEW and CDAQ announced that they entered into a definitive business combination agreement subject to customary closing conditions, including regulatory and CDAQ stockholder approvals. The combined public company is expected to list its common stock and warrants to purchase common stock on Nasdaq, subject to approval of its listing application. The Proposed Business Combination has been unanimously approved by the Board of Directors of both EEW and CDAQ.
|
IPG | Hot Stocks07:20 EDT Interpublic Group sees full-year organic growth of 1% - CEO Philippe Krakowsky said, "Looking forward, we are seeing a strong new business pipeline, for both Q4 activity and longer-term AOR opportunities, and we remain focused on achieving organic growth of approximately 1% this year. At that level, we continue to target adjusted EBITA margin of 16.6%. Our long-standing commitment to capital returns remains an important priority and our strong balance sheet provides a solid foundation from which to continue to evolve our offerings and the solutions we provide for marketers."
|
THS | Hot Stocks07:19 EDT TreeHouse expands voluntary recall to all products made at one facility - TreeHouse Foods is expanding its voluntary recall to include all products manufactured at one facility and still within their shelf-life. The recall is expanded to include frozen toaster waffle, Belgian waffle and pancake products, due to the potential to be contaminated with Listeria monocytogenes. Listeria monocytogenes is an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain, and diarrhea. Listeria monocytogenes infection can cause miscarriages and stillbirths among pregnant women. Recalled products were distributed throughout all states and provinces within the United States and Canada and packed in various formats under the brand names listed below. Consumers and retailers can identify the UPC on the back of the carton, and the Lot Code and Best By Date for these products on the end of the carton. Photos of the affected products can also be found on this site. The following products, which are sold through most retail stores, including but not limited to Albertson's, Aldi, Dollar General, Foodhold, HEB, Kroger, Publix, Target and Walmart, are included in this recall with Best By or Best if Used by Dates as indicated in the below table. All Lot Codes in scope of this recall will begin with 2C.
|
LTHCF | Hot Stocks07:17 EDT Lithium Ionic initiates EPCM services for Bandeira Lithium Project - Lithium Ionic announce the initiation of Engineering, Procurement, and Construction Management, EPCM, services for its flagship Bandeira Lithium Project located in northeastern Minas Gerais State, Brazil. This milestone marks the transition to the construction and development phase of the Project and is a key step towards production. Advancing engineering and construction management services will progress the Project along the targeted timeline in anticipation of the upcoming approval of site permits.
|
GRMN | Hot Stocks07:17 EDT Garmin acquires 'a leader in marine LED lighting' Lumishore, no terms - Garmin announced it has acquired Lumishore, a privately-held company that designs and manufactures high-performance above and underwater LED lighting systems for boats."Lumishore brings an exciting new product category that complements Garmin's existing marine portfolio and furthers our ability to provide seamless vessel integration. As a technology leader in LED lighting, Lumishore will expand Garmin's innovative solutions all around the vessel. Together, we look forward to delivering unmatched LED lighting technology to our customers around the world." Jarrod Seymour, Garmin Vice President, Marine Segment...Lumishore is headquartered in Swansea, United Kingdom with a distribution center in Sarasota, Fla. A vertically integrated company with in-house R&D and production, its associates will become part of the global Garmin workforce. Financial terms of the acquisition will not be disclosed..
|
ATHA | Hot Stocks07:16 EDT Athira Pharma to present results from Phase 2/3 LIFT-AD trial - Athira Pharma announced that results from the Phase 2/3 LIFT-AD clinical trial of fosgonimeton to treat Alzheimer's disease will be presented at the 17th Annual Clinical Trials on Alzheimer's Disease taking place October 29 - November 1, 2024, in Madrid, Spain. Presentation Details: Title: Fosgonimeton for the Treatment of Alzheimer's Disease; Efficacy and Safety Results from the LIFT-AD Trial Session: Oral Communications: OC2 Date/Time: Tuesday, October 29 at 5:10 p.m., CET Presenter: Anton P. Porsteinsson, M.D., Director of the University of Rochester Alzheimer's Disease Care, Research, and Education Program and a LIFT-AD investigator As previously reported, topline results from the LIFT-AD trial did not achieve statistical significance for the primary endpoint of the Global Statistical Test nor its key secondary endpoints compared with placebo at 26 weeks. However, both components of GST, cognition and function, directionally favored fosgonimeton treatment, and in pre-specified subgroups characterized by more rapid disease progression, cognition and function improved or stabilized in the fosgonimeton treated group. In addition, data across biomarkers of protein pathology, inflammation and neurodegeneration showed directional changes in favor of fosgonimeton treatment that are consistent with the broad neuroprotective mechanism of HGF modulation. "We believe the totality of the data supports the potential of HGF modulation for the treatment of neurodegenerative diseases," said Javier San Martin, CMO. Athira is focused on advancing the clinical development program for ATH-1105, a novel, oral, next-generation small molecule positive modulator of the neurotrophic hepatocyte growth factor system, as a potential treatment for neurodegenerative diseases, including amyotrophic lateral sclerosis and Alzheimer's disease. Athira is conducting a first-in-human Phase 1 double-blind, placebo-controlled trial that is enrolling up to 80 healthy volunteers. The study is evaluating the safety and tolerability of ATH-1105 and includes measurements of pharmacokinetic outcomes. Athira completed the first cohort of healthy volunteers in June 2024 and expects to complete the full study by year-end 2024, with a goal to begin dosing ALS patients in 2025.
|
XTRAF | Hot Stocks07:16 EDT Xtract One secures contract with glonal automotive manufacturer - Xtract One Technologies announced that its AI-based security solutions have been chosen by a leading global automotive manufacturer of cars, SUVs, and pickup trucks to secure five of its North American facilities. System deployment will start at their Tennessee and Ohio locations, with plans for future installation at more facilities. After a comprehensive evaluation of available solutions, Xtract One was selected for the Company's precise weapons detection capabilities and flexible integration into daily business operations and the physical environment.
|
TLRY | Hot Stocks07:15 EDT Tilray's Blue Point announces men's health awareness campaign - Blue Point Brewing Company, Long Island's original craft brewery and subsidiary of Tilray Brands, announces the continuation of its men's health awareness campaign in support of Movember. The month shines a light on key men's health issues-mental health, prostate cancer, and testicular cancer-encouraging open conversations and proactive engagement.
|
CLSD | Hot Stocks07:15 EDT Clearside Biomedical announces multiple presentations delivered at 2024 AAO - Clearside Biomedical announced that multiple presentations were delivered at the 2024 Annual Meeting of the American Academy of Ophthalmology, AAO, and preceding events that highlighted encouraging safety and efficacy data from clinical trials of therapies utilizing Clearside's SCS Microinjector(R) to deliver drugs into the suprachoroidal space to treat a variety of retinal diseases.
|
EDIT | Hot Stocks07:13 EDT Editas Medicine announces progress towards 2024 goals - Editas Medicine announced its achievement of in vivo preclinical proof of concept of hematopoietic stem and progenitor cell, HSPC, editing and fetal hemoglobin induction in humanized mice engrafted with human hematopoietic stem cells and lacking their own hematopoietic cells. The Company observed high levels of editing of the HBG1/2 promoter, leveraging our clinically validated upregulation strategy, utilizing a novel and Editas-proprietary targeted lipid nanoparticle, tLNP, formulation for extrahepatic tissue delivery. The Company is also providing business development and financial updates, including that it initiated a process to partner or out-license reni-cel. Ex Vivo Hemoglobinopathies: Reni-cel for Severe Sickle Cell Disease - On-track to present a substantive clinical data set of sickle cell patients with considerable clinical follow-up in the RUBY trial at the American Society of Hematology Annual Meeting and Exposition, December 7-10, 2024. Reni-cel for Transfusion-dependent Beta Thalassemia: On-track to present additional clinical data from the EdiTHAL trial by year-end 2024.
|
DENN | Hot Stocks07:11 EDT Denny's sees FY24 adjusted EBITDA $81M-$84M - The following full year 2024 expectations reflect management's expectations that the current consumer and economic environment will not change materially, as well as the Company's strategic initiative to accelerate the closure of lower volume Denny's restaurants. Denny's domestic system-wide same-restaurant sales between (1%) and 0%. Consolidated restaurant openings of 30 to 40, including 12 to 16 new Keke's restaurants, with a consolidated net decline of 45 to 55. Commodity inflation of approximately 2%. Labor inflation between 3% and 4%. Total general and administrative expenses between $82 million and $85 million, including approximately $11 million related to share-based compensation expense which does not impact Adjusted EBITDA. Adjusted EBITDA between $81 million and $84 million .
|
OCGN | Hot Stocks07:11 EDT Ocugen announces DSMB for OCU410ST trial approved enrollment for second phase - Ocugen announced that the Data and Safety Monitoring Board, DSMB, for the OCU410ST GARDian clinical trial recently convened and approved enrollment for the second phase of the Phase 1/2 clinical trial. OCU410ST is a novel modifier gene therapy candidate being developed for Stargardt disease. "We are enthusiastic about the potential of OCU410ST to be the first one-time novel modifier gene therapy for Stargardt disease," said Huma Qamar, MD, MPH, Chief Medical Officer of Ocugen. "We are encouraged by the prospect of addressing a substantial unmet medical need for the estimated 100,000 Stargardt patients in the U.S. and Europe."
|
LASE | Hot Stocks07:10 EDT Laser Photonics 'lands sale' of CTIR-3050 to Thermodyne Powder Coating - Laser Photonics announced the sale of its CleanTech Industrial Roughening Laser 3050 to Thermodyne Powder Coating, a top provider of powder coating services in Florida that serves hotels, resorts, marinas, boatyards, homeowner associations, condominium complexes and the auto restoration industry. LPC is to deliver its CleanTech Industrial Roughening Laser 3050 to Thermodyne Power Coating in a sale that marks the beginning of the two companies' relationship. Thermodyne specializes in applying a custom-formulated powder coating that is baked to create a durable, protective and attractive finish. These powders, made from resin mixed with pigments, are melted at precise temperatures and cured into a tough, versatile coating. While not indestructible, powder coat finishes are stronger, thicker, and offer better coverage than most standard paints. The CTIR-3050 will be used at Thermodyne's facility to streamline and enhance pretreatment processes. Thermodyne works with companies in a number of industries, especially those in the maritime sector. Coastal regions like Florida present harsh conditions for marine craft and structures due to saltwater, sun and air. Thermodyne's marine-grade powder coating protects parts, boats, docks and structures from corrosion while preserving their appearance. "
|
FMST DNN | Hot Stocks07:09 EDT Foremost Lithium announces preliminary results from program at Hatchet Lake - Foremost Clean Energy (FMST) announces preliminary results from an 889 metre, four-hole diamond drill program that was recently completed at the Hatchet Lake Uranium Property, located in the prolific Athabasca Basin region of northern Saskatchewan. Highlights from preliminary results of the Drill Program include: Elevated radioactivity of up to 360 counts per second associated with a post-Athabasca reverse fault observed from drill hole RL-24-29, A shear zone with locally reactivated graphitic-pyritic faults was intersected approximately 80 metres below the unconformity in drill-hole TF-24-12. The projection of these structures to the unconformity represents a compelling target for future follow-up. Denison Mines (DNN), managed the 2024 Hatchet Drill Program, which consisted of two holes within the Richardson claim block and two holes within the Hatchet South claim block at the Tuning Fork grid.
|
CTSO AZN | Hot Stocks07:07 EDT CytoSorbents announces FDA has accepted De Novo medical device application - CytoSorbents (CTSO) announced the U.S. Food and Drug Administration, FDA, has accepted its De Novo medical device application for DrugSorb-ATR and initiated substantive review. The goal of DrugSorb-ATR, an investigational medical device, is to reduce the severity of perioperative bleeding in patients on ticagrelor, Brilinta, AstraZeneca (AZN), undergoing coronary artery bypass graft, CABG, surgery. The FDA De Novo pathway provides a regulatory process for novel medical devices that are found to be low to moderate risk and lack an appropriate predicate device. Acceptance of the company's De Novo application follows FDA's previous granting of Breakthrough Device Designation to DrugSorb-ATR, making it eligible for priority review. The Company anticipates an FDA decision in 2025.
|
GBIO MRNA | Hot Stocks07:07 EDT Generation Bio presents preclinical data on ctLNP and iqDNA - Generation Bio (GBIO) presented data on its cell-targeted lipid nanoparticle - ctLNP - and immune-quiet DNA - iqDNA - platforms at the European Society of Gene and Cell Therapy 31st Annual Congress. The company presented data showing that a single IV dose of its ctLNP delivered mRNA encoding a reporter protein to a majority of circulating T cells in non-human primates. In the study, conducted as part of Generation Bio's partnership with Moderna (MRNA), NHPs received a single 1 mg/kg dose of ctLNP-mRNA, which transduced most T cells with balanced distribution to CD4+ and CD8+ cells. Untargeted LNPs did not elicit T cell transduction. The biodistribution of ctLNP-mRNA to the liver, spleen, lung, and monocytes was minimal. These results in NHPs confirm and improve on results from prior murine studies. The company also presented updates on iqDNA, which is a partially single-stranded DNA molecule that avoids recognition by primary DNA sensors in mice and NHPs. Recent work on the iqDNA platform has focused on methods of improving protein expression, including priming second strand synthesis by encoding the promoter region as double-stranded and stabilizing iqDNA against degradation by exonucleases.
|
TD BR | Hot Stocks07:07 EDT TD Bank joins LTX as a liquidity provider - LTX, an AI-powered corporate bond trading platform backed by Broadridge Financial (BR), announced that TD Bank (TD) has joined its e-trading platform through its subsidiary TD Securities Automated Trading LLC. TD Bank will contribute axes, or pre-trade indications of interest, to LTX's Liquidity Cloud and utilize LTX's RFQ+ protocol to provide Investment Grade and High Yield bond liquidity to its institutional clients.
|
VZ | Hot Stocks07:07 EDT Verizon reports Q3 broadband net addtions of 389,000 - Total broadband net additions of 389,000. This was the ninth consecutive quarter with more than 375,000 broadband net additions. Total fixed wireless net additions of 363,000. At the end of third-quarter 2024, the company had a base of nearly 4.2 million fixed wireless subscribers. The company reached its fixed wireless subscriber target 15 months ahead of schedule, which is a reflection of the product's popularity and customer demand for high quality broadband services. Total broadband connections grew to more than 11.9 million as of the end of third-quarter 2024, representing a nearly 16 percent increase year over year. Fixed wireless revenue for third-quarter 2024 was $562 million, up $215 million year over year.
|
VZ | Hot Stocks07:06 EDT Verizon reports Q3 wireless retail postpaid phone net additions of 239,000 - Total wireless service revenue of $19.8 billion, a 2.7 percent increase year over year. Retail postpaid phone net additions of 239,000, and retail postpaid net additions of 349,000. Retail postpaid phone churn of 0.89 percent, and retail postpaid churn of 1.16 percent.
|
TEVA ALVO | Hot Stocks07:05 EDT Teva, Alvotech announce U.S. FDA approval of presentation of SELARSDI - Alvotech (ALVO) and Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries (TEVA), announced that the U.S. Food and Drug Administration, FDA, has approved SELARSDI in a new presentation, 130 mg/26 mL solution in a single-dose vial for intravenous infusion. This approval paves the way for SELARSDI to further align its label with the indications of the reference product Stelara in the U.S. at launch, which is expected in the first quarter of 2025. "We welcome this step which is fully in line with our plan to align the SELARSDI label with the indications of the reference product, prior to launch next year," said Robert Wessman, Chairman and CEO of Alvotech. "We are looking forward to the U.S. launch, after very successful launches of the first biosimilar ustekinumab in Canada, Japan and Europe. This demonstrates our commitment to increasing availability and access to ustekinumab, and other biosimilars in our growing pipeline, for patients worldwide."
|
RDHL | Hot Stocks07:05 EDT RedHill Biopharma signs research pact with Duke University School of Medicine - RedHill Biopharma announced the signing of a collaborative research agreement with Duke University School of Medicine outlining plans for multiple in vivo studies. The program is designed to test opaganib as a potential medical countermeasure to treat phosgene inhalation injury, aimed at providing results sufficient to advance opaganib into further definitive U.S. government-sponsored development under the U.S. FDA Animal Rule pathway to approval. The FDA Animal Rule allows for the use of pivotal animal model efficacy studies to support FDA approval of new drugs when human clinical trials are not ethical or feasible. Under this research agreement, RedHill will provide required drug quantities for animal studies, analytical support to quantify drug concentrations in plasma samples, and share dosing regimen with the Achanta Lab at Duke University.
|
CSIQ | Hot Stocks07:04 EDT Canadian Solar calls Trina Solar patent infringement suit 'frivolous' - Canadian Solar issued the following comment: "On October 8, 2024, Trina Solar Co., a Chinese competitor of Canadian Solar, filed a complaint for patent infringement in the U.S. District Court for the District of Delaware lawsuit against three of the company's U.S. subsidiaries. The suit alleges that the subsidiaries are directly or indirectly infringing on two U.S. patents held by Trina relating to tunnel oxide passivated contact solar photovoltaic module technology. As one of the largest solar product manufacturers in the world, Canadian Solar manufactures and sells many different types of solar products, including TOPCon solar modules, to customers both in the United States and elsewhere in the world. Canadian Solar has itself filed and received thousands of patents in various jurisdictions for solar cells and related technologies." "Canadian Solar respects and takes very seriously its own intellectual property rights and those of third parties. In our view, this is a frivolous lawsuit, and we expect the court will find that our proprietary TOPCon technology does not infringe on the patents claimed by Trina," remarked Adam Walters, General Counsel, Americas for Canadian Solar's Modules and Systems Solutions business. Canadian Solar will continue to deliver high quality solar products in the United States and globally, as it has for more than 20 years since its founding in Guelph, Canada.
|
BGC | Hot Stocks07:02 EDT BGC Group to acquire OTC Global Holdings in an all-cash transaction - BGC Group announced that it has entered into an agreement to acquire OTC Global Holdings, the largest independent institutional energy and commodities brokerage firm. Through this acquisition, BGC Group will further expand and diversify its global Energy, Commodities, and Shipping business. Under the terms of the agreement, BGC expects to acquire OTC in a substantially all-cash transaction, which is subject to customary closing conditions, including applicable regulatory approvals.
|
WBX | Hot Stocks06:51 EDT Wallbox surpasses one million EV chargers sold - Wallbox surpassed the milestone of one million EV chargers sold worldwide as of the end of Q2. This accumulated figure includes ABL's EV charger sales.
|
GE | Hot Stocks06:38 EDT GE Aerospace positioned to deliver 'solid' year, says CEO Culp - GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, "The GE Aerospace team delivered strong results, with demand driving orders up 28%. We grew earnings 25% and produced substantial free cash flow, both largely driven by services. Given the strength of our results and 4Q expectations, we're raising our earnings and cash guidance for the year." Culp continued, "Leveraging FLIGHT DECK we're focused on servicing and delivering our engines faster without compromising safety and quality. While there's more work to do, we made meaningful progress with engine deliveries improving more than 20% sequentially while also expanding aftermarket capacity. Our path forward is clear, and I am confident GE Aerospace is positioned to deliver a solid year in our first year as a standalone company."
|
ARES | Hot Stocks06:34 EDT Ares Management and CAL Automotive form joint venture for vehicle leases - Ares Management and Certified Automotive Lease, or CAL Automotive, a wholly-owned subsidiary of Auto Lender's Liquidation Center, announced that CAL Automotive and Ares have entered a joint venture to purchase and invest up to $1.5B in prime new vehicle leases originated by CAL. With over 40 years of experience in the consumer vehicle leasing market, Auto Lenders launched CAL Automotive in 2016 as a sourcing model with the ability to generate profit throughout a vehicle's life. CAL Automotive expects to realize strong residual value performance for off-lease vehicles sold to Auto Lenders. The joint venture will seek to capitalize on CAL Automotive's position as an independent consumer auto lessor and serve as a complementary strategy alongside the company's current bank partnerships. In addition, Ares and Ares Alternative Credit portfolio managers have pledged to donate at least 5-10% of the performance fees earned from Alternative Credit's flagship funds to support global health and education charities.
|
PHM | Hot Stocks06:32 EDT PulteGroup reports home sale gross margin of 28.8%
|
PHM | Hot Stocks06:32 EDT PulteGroup reports Q3 net new orders totaled 7,031 homes with value of $3.9B - Reports unit backlog of 12,089 homes with a value of $7.7 .
|
MOD | Hot Stocks06:31 EDT Modine Manufacturing selected as thermal solutions supplier for Gillig - Modine announced it is the thermal management supplier for Gillig, a manufacturer of heavy-duty transit buses in the United States, for their hybrid vehicles, powered by the Allison eGen Flex system. Through this collaboration, Modine provides its advanced EVantage Battery Thermal Management Systems, or BTMS, and inverter cooling module for the Gillig Hybrid bus.
|
F... | Hot Stocks06:08 EDT EU new car registrations down 6.1% in September - In September, new EU car registrations continued their downward trajectory, falling 6.1%, with negative results across three of the region's four major markets, the ACEA reported. France fell 11.1% and Italy was down 10.7%, with the German market declining by 7%, the ACEA said. On the other hand, Spain experienced a healthy rebound of 6.3%, the group added. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY). Reference Link
|
FUFU | Hot Stocks06:07 EDT BitFuFu to acquire 80-MW Bitcoin mining facility in Ethiopia - BitFuFu announced it has entered into a definitive agreement to acquire a majority stake in an 80-megawatt Bitcoin mining facility in Ethiopia. This transaction marks the start of the company's transition from an asset-light strategy to one that manages a diverse and robust portfolio of Bitcoin mining infrastructure. As of June 30, 2024, BitFuFu's hosting capacity was 522 MW, all of which is hosted by third parties. Upon completion of this transaction, BitFuFu's hosting capacity will surpass the 600MW mark, approximately 13% of which will reside in sites owned and operated by the company. The newly acquired mining facility will provide BitFuFu with the potential to add 4.6 EH/s mining capacity with the deployment of the latest Bitmain S21-series miners. With power costs averaging below $0.04 per kilowatt-hour, this acquisition is expected to reduce BitFuFu's cost per Bitcoin. With the majority of BitFuFu's mining infrastructure currently based in the United States, this acquisition strengthens the company's competitive advantages in the international market and further expands its footprint globally. Additionally, the new facility will create valuable employment opportunities for the local community, contributing to regional economic development.
|
BANC | Hot Stocks06:04 EDT Banc of California reports Q3 net interest margin of 2.93%, up 13 bps vs. Q2
|
EL AMZN | Hot Stocks06:02 EDT Estee Lauder announces U.S. Amazon Premium Beauty Store debut - Estee Lauder, the flagship brand of The Estee Lauder Companies (EL), announces its official launch in the U.S. Amazon (AMZN) Premium Beauty store, bringing its high-performance skincare and makeup and legendary fragrances to Amazon shoppers across the country. Amazon customers can start shopping now at amazon.com/esteelauder. The brand is also debuting a Virtual Foundation Tool, exclusive to Amazon, at amazon.com/findyourdoublewear. This tool allows Amazon customers to compare multiple shades of Estee Lauder foundation virtually, find their shade, and add it right to their Amazon shopping cart. When shopping Estee Lauder in the Amazon Premium Beauty store, Prime members enjoy fast, free shipping on every order
|
BAC... | Hot Stocks05:59 EDT CFPB finalizes personal financial data rights rule - The Consumer Financial Protection Bureau on Tuesday said it finalized a rule that will give consumers greater rights, privacy, and security over their personal financial data. The rule requires financial institutions, credit card issuers, and other financial providers to unlock an individual's personal financial data and transfer it to another provider at the consumer's request for free. Consumers will be able to more easily switch to providers with superior rates and services. By fueling competition and consumer choice, the rule will help lower prices on loans and improve customer service across payments, credit, and banking markets. "Too many Americans are stuck in financial products with lousy rates and service," said CFPB Director Rohit Chopra. "Today's action will give people more power to get better rates and service on bank accounts, credit cards, and more." The rule ensures consumers will be able to access and share data associated with bank accounts, credit cards, mobile wallets, payment apps, and other financial products. It aims to address market concentration that limits consumer choice over financial products and services. Consumers will be able to access, or authorize a third party to access, data such as transaction information, account balance information, information needed to initiate payments, upcoming bill information, and basic account verification information. Financial providers must make this information available without charging fees. The rule moves the United States closer to having a competitive, safe, secure, and reliable "open banking" system, the CFPB said. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
|
META | Hot Stocks05:56 EDT Meta testing facial recognition for spotting 'celeb-bait' ads scams - Meta said in a blog post on Monday: "Scammers are relentless and continuously evolve their tactics to try to evade detection, so we're building on our existing defenses by testing new ways to protect people and make it harder for scammers to deceive others. We're testing the use of facial recognition technology to detect and prevent celeb-bait ads on our platforms. We're also testing this technology as a means for people to verify their identity and regain access to compromised accounts." The company said "Scammers often try to use images of public figures, such as content creators or celebrities, to bait people into engaging with ads that lead to scam websites, where they are asked to share personal information or send money. This scheme, commonly called 'celeb-bait,' violates our policies and is bad for people that use our products." Meta said early testing with a small group of celebrities and public figures "shows promising results in increasing the speed and efficacy with which we can detect and enforce against this type of scam." In the coming weeks, Meta said it will start showing in-app notifications to a larger group of public figures who've been impacted by celeb-bait "letting them know we're enrolling them in this protection." Reference Link
|
MOLN NVS | Hot Stocks05:18 EDT Molecular Partners, Orano Med announce presentation of MP0712 data - Molecular Partners (MOLN) and Orano Med announced the oral presentation of the latest preclinical data supporting MP0712 as a Radio-DARPin Therapeutic, or RDT, at the European Assocation of Nuclear Medicine, or EANM, Congress which runs October 19-23 in Hamburg, Germany. MP0712 is a co-developed 212Pb-labeled RDT candidate targeting delta-like ligand 3, or DLL3. Molecular Partners and Orano Med anticipate initiating first-in-human studies, pending regulatory clearance, in 2025. Initial clinical data of MP0712 is also anticipated in 2025. The presentation highlights that attractive tumor to kidney, or T:K, ratios of greater than can be achieved in biodistribution studies across several models, including in a disseminated tumor model with clinically relevant DLL3 expression levels. This suggests strong uptake by the targeted tissue while minimally impacting healthy tissues. In addition, in vivo data indicated that tumor uptake was specific to DLL3. Dose-range finding studies in mice confirmed that treatment at a clinically relevant dosage was well tolerated, supporting a favorable safety profile. Finally, MP0712 led to strong and dose-dependent efficacy in mice bearing established tumors with clinically-relevant levels of DLL3 expression and at a clinically-relevant dose, as compared to a positive control of a radiolabelled anti-DLL3 antibody rovalpituzumab. DLL3 is a highly relevant target for radiopharmaceutical therapy due to its abundant expression in tumors of patients with small cell lung cancer and other aggressive neuroendocrine tumors, while expression in healthy tissues is low. MP0712 has picomolar affinity and high specificity to human DLL3. Molecular Partners is developing its RDT platform for targeted delivery of radioactive payloads to solid tumors. Due to their small size, high specificity and affinity, DARPins are well-suited as potential vectors for efficient delivery of therapeutic radionuclides. DARPins are also readily designed as multispecifics, making bi-specific candidates a promising area of growth for Molecular Partner's RDT portfolio as additional targeting may help address target heterogeneity in many tumors. The portfolio includes programs being developed in-house as well as via collaborations with Orano Med and Novartis (NVS).
|
MOLN | Hot Stocks05:14 EDT Molecular Partners expands 212Pb co-development agreement with Orano Med - Molecular Partners announced the strengthening of a previously announced co-development agreement with Orano Med, a clinical-stage radiopharmaceutical company developing targeted alpha therapies with lead-212, or 212Pb, where both companies will develop and market 212Pb-based Radio-DARPin Therapeutics for the treatment of cancer. This revision builds on the original agreement signed in January, under which both companies agreed to co-develop Radio-DARPin Therapeutics. For the first program, MP0712, a DLL3-targeting Radio-DARPin, Molecular Partners holds the commercialization rights. The amended agreement now targets four programs, with each company holding the commercialization rights to two of these programs. Both companies anticipate initiating first-in-human studies for MP0712, pending regulatory clearance, in 2025. Molecular Partners will hold the second program's commercialization rights, and Orano Med will have the rights to develop and commercialize programs three and four. Molecular Partners expects no immediate impact on its financial forecast for the fiscal year 2024 from the expansion of the co-development agreement and maintains its funding guidance into 2027. Cash and cash equivalents as of September 30 are currently estimated at approximately CHF 140M.
|
NOK | Hot Stocks05:09 EDT Nokia, Lenovo partner to create networking and automation solutions - Nokia announced a strategic partnership with Lenovo to create data center networking and automation solutions that support the compute, storage and transit needs for Artificial Intelligence, Machine Learning and other compute-intensive workloads. These solutions will be jointly marketed to enterprises, telcos, and digital infrastructure and cloud providers. The partners will leverage the Lenovo ThinkSystem AI-ready portfolio of high-performance servers and storage with the Nokia Data Center network solution - which spans data center fabric, IP routing, and DDoS security portfolios, along with the recently announced data center network automation platform, Event-Driven Automation, or EDA. The combined solutions will help meet the demanding processing and network performance requirements of modern workloads. As AI models are trained, data centers for inferencing will be needed where AI clusters are networked both within and between the data centers at the edge, which requires interconnectivity.
|
DDC | Hot Stocks05:06 EDT DDC Enterprise issues letter to shareholders - DDC Enterprise issued a corporate update in a letter to shareholders from CEO Norma Chu: "I am pleased to share important updates and improvements from DayDayCook as we reflect on our first year as a publicly listed company. While we have faced our share of challenges during this transition, we have proactively addressed them and are emerging as a stronger organization. To enhance our operational capabilities, we have established a new finance and accounting team dedicated to managing our ongoing financial filing requirements. On September 30, 2024 we appointed Enrome LLP ("Enrome") as our independent registered public accounting firm. This engagement will be led by our newly hired co-CFO and principal accounting officer, Tony Tao. Additionally, we welcomed Jeff Ervin in June, who serves as co-CFO in a fractional capacity, focusing on our strategic financial initiatives. With this experienced finance team in place, we are confident in our ability to meet future filing deadlines. The Company ended 2023 with estimated total 2023 revenue between $28 and $29 million USD, representing an increase of 10-14% over 2022. Profitability also improved with gross margin increasing from 24.5% to an estimated 24.9-25.1% by the end of the year. We ended 2023 with estimated USD 25.8m of cash and short-term investment. This year, we successfully completed two important acquisitions that enhance our presence in the United States: Yai's Thai and Omsom. These well-respected brands align perfectly with our business vision. Following the acquisition of Yai's Thai, we implemented distribution synergies that expanded brand availability with retailer Sprouts, resulting in a nationwide launch of Yai's Thai packaged sauce series and a notable increase in presence across Sprouts locations. We remain disciplined in our analysis of acquisition opportunities, focusing on targets that not only broaden our product portfolio but also deliver meaningful financial and operational synergies. In June, we welcomed Malik Sadiq as Chief Operating Officer, who brings invaluable industry experience and expertise in integrating acquisitions and optimizing internal efficiencies. In August, we announced the successful elimination of $4.8 million in debt, significantly enhancing our balance sheet. We anticipate utilizing cash on hand and other strategic measures to further reduce outstanding debt by year-end. We believe that the current interest rate environment and our balance sheet improvements will enable us to refinance additional outstanding obligations, resulting in increased future cash flows. Overall, we have enriched our leadership team with experienced professionals who are committed to refining our internal processes. With our portfolio of well-recognized Asian food brands, including Omsom, Yai's Thai, and others, we have a robust foundation for sustainable growth. We believe that DayDayCook is well positioned to become the most influential player in the Asian food market in the U.S. Additionally, with our foundational operations in China, we expect to benefit from the recent announcement of economic stimulus in the country. Together, these factors position us to seize the momentum in the ready-to-heat and ready-to-eat Asian food market."
|