Stockwinners Market Radar for October 29, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:49 EDT Delek Logistics raises quarterly dividend to $1.10 per share from 1.09 - The dividend is payable on November 14, 2024, to unitholders of record on November 8, 2024.

20:14 EDT Cathie Wood's ARK Investment bought 830K shares of Archer Aviation today

18:47 EDT Reddit CEO: We've been working hard at profitability - In an interview on CNBC's Mad Money, Steve Huffman said Reddit is growing revenue "substantially faster" than costs. Reddit is a place advertisers need to be, he noted. Currently, 50% of the company's users are in the U.S. and 50% are outside. Huffman expects the majority of both user and revenue growth to occur outside the U.S. going forward.

18:01 EDT Biogen, Neomorph announces multi-target research collaboration - Biogen announced a research collaboration to discover and develop molecular glue degraders for priority targets in Alzheimer's, rare neurological, and immunological diseases. As part of the collaboration, the companies aim to utilize Neomorph's proprietary molecular glue discovery platform to accelerate the identification and validation of novel small molecule therapeutic molecular glue degraders. Small molecule protein degraders have been shown to effectively drug challenging targets with differentiated pharmacology from more traditional inhibitors. Pursuing innovative solutions aimed at modulating protein levels through targeted degradation holds promise for treating complex neurological, immunological and rare diseases. This collaboration will leverage Neomorph's research strengths in targeted protein degradation and Biogen's deep scientific expertise and drug development capabilities. "As part of our modality agnostic research strategy, Biogen is committed to investing in new approaches to unlock biological targets that have remained difficult to reach," said Jane Grogan, Ph.D., Head of Research at Biogen. "This collaboration with Neomorph reflects the approach we want to take to pair our internal drug development expertise with cutting-edge external innovation to create clinically meaningful therapies for patients." Under the terms of the agreement, Biogen and Neomorph will collaborate to identify, validate, and optimize small molecule molecular glue degraders for several high-priority targets and Biogen will advance clinical candidates for further development and potential commercialization. Neomorph will receive an upfront payment and is eligible to receive contingent milestone payments per target as the collaboration progresses through various stages. These include certain pre-clinical milestones payable in the near-term and certain clinical, regulatory, commercial and sales milestones that are anticipated to occur later this decade and beyond, for a total consideration of up to $1.45B. Biogen will reimburse Neomorph for certain research development costs. Neomorph is also eligible to receive potential future royalties in the mid-single digit to low double-digit range.

17:41 EDT FirstSun, HomeStreet announce regulatory approvals for mergers not obtained - FirstSun (FSUN) ("FirstSun") and HomeStreet (HMST) announced that, based on discussions FirstSun and its subsidiary, Sunflower Bank, have had with the Federal Reserve and the Texas Department of Banking, that regulatory approvals necessary for the mergers with HomeStreet and its subsidiary, HomeStreet Bank to proceed have not been obtained and FirstSun and Sunflower have been asked to withdraw their merger applications. FirstSun and HomeStreet are discussing the pursuit of an alternative regulatory structure for the merger. The parties are also discussing terms on which they would terminate the merger agreement if no alternative structure is feasible. There can be no assurance that an alternative regulatory structure may ultimately be feasible.

17:32 EDT Precision Drilling expects long-term global energy demand to remain positive - The company said, "The long-term outlook for global energy demand remains positive with rising demand for all types of energy including oil and natural gas driven by economic growth, increasing demand from third-world regions, and emerging energy sources of power demand. Oil prices are constructive, and producers remain disciplined with their production plans while geopolitical issues continue to threaten supply. In Canada, the recent commissioning of the Trans Mountain pipeline expansion and the startup of LNG Canada projected in 2025 are expected to provide significant tidewater access for Canadian crude oil and natural gas, supporting additional Canadian drilling activity. In the U.S., the next wave of LNG projects is expected to add approximately 11 bcf/d of export capacity from 2025 to 2028, supporting additional U.S. natural gas drilling activity. Coal retirements and a build-out of AI data centers could provide further support for natural gas drilling. In Canada, we currently have 75 rigs operating and expect this activity level to continue until spring breakup, except for the traditional slowdown over Christmas. Our Canadian drilling activity continues to outpace 2023 due to increased heavy oil drilling activity and strong Montney activity driven by robust condensate demand and pricing. Since the startup of the Trans Mountain pipeline expansion in May, customer activity in heavy oil targeted areas has exceeded expectations, resulting in near full utilization of our Super Single fleet. Customers are benefiting from improved commodity pricing and a weak Canadian dollar. Our Super Triple fleet, the preferred rig for Montney drilling, is also nearly fully utilized and with the expected startup of LNG Canada in mid-2025, demand could exceed supply. In recent years, the Canadian market has witnessed stronger second quarter drilling activity due to the higher percentage of wells drilled on pads in both the Montney and in heavy oil developments. Once a pad-equipped drilling rig is mobilized to site, it can walk from well to well and avoid spring break up road restrictions. We expect this higher activity trend to continue in the Q2 of 2025. In the U.S., we currently have 35 rigs operating as drilling activity remains constrained by volatile commodity prices, customer consolidation and budget exhaustion. We view these headwinds as short-term in nature, which will continue to suppress activity for the remainder of the year and into 2025. However, looking further ahead, we expect that a new budget cycle, the next wave of Gulf Coast LNG export facilities, and new sources of domestic power demand should begin to stimulate drilling. Internationally, we expect to have eight rigs running for the remainder of 2024, representing an approximate 40% increase in activity compared to 2023. All eight rigs are contracted through 2025 as well. We continue to bid our remaining idle rigs within the region and remain optimistic about our ability to secure additional rig activations. As the premier well service provider in Canada, the outlook for this business remains positive. We expect the Trans Mountain pipeline expansion and LNG Canada to drive more service-related activity, while increased regulatory spending requirements are expected to result in more abandonment work. Customer demand should remain strong, and with continued labor constraints, we expect firm pricing into the foreseeable future. We believe cost inflation is largely behind us and will continue to look for opportunities to lower costs.

17:23 EDT Caesars 'remains optimistic' regarding operating trends - Expects "strong" Q4. Says "future very bright" for digital business. Sees FY25 CapEx $600M-$650M. Says debt reduction "remains the number one priority." Says discussions around non-core asset sales are "ongoing." Expects free cash flow to "increase dramatically" going forward. Comments taken from Q3 earnings conference call.

17:20 EDT Everus to replace Clearwater Paper in the S&P 600 at open on 11/1 - Everus Construction Group (ECG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on Friday, November 1, replacing Clearwater Paper Corp. (CLW), which will be removed from the S&P SmallCap 600 effective prior to the opening of trading on Monday, November 4. S&P SmallCap 600 constituent MDU Resources Group (MDU) is spinning off Everus Construction Group in a transaction expected to be completed on November 1. Following the spin-off, the parent company MDU Resources Group will remain in the S&P SmallCap 600 but will change its Global Industry Classification Standard, GICS, sector from Industrials to Utilities. Clearwater Paper is no longer representative of the small-cap market space.

17:14 EDT Northrop Grumman awarded $167.93M Navy contract modification - Northrop Grumman was awarded a $167.93M modification to a firm-fixed-price, indefinite-delivery/indefinite-quantity contract. This modification exercises option contract line items, or CLIN, 1001 and 2001 and increases the contract ceiling for the production of 50,000 FMU-139D/B Bomb Tactical Electronic Fuze systems, 25,000 for CLIN 1001, and 25,000 for CLIN 2001, in support of the Joint Direct Attack Mission family of weapons for the Navy, Air Force, and Foreign Military Sales customers. Work is expected to be completed in December 2029. No funds will be obligated at the time of award, funds will be obligated on individual orders as they are issued. This contract was not competed. Naval Air Systems Command is the contracting activity.

17:09 EDT Caesars signs agreement to sell LINQ Promenade for $275M - Caesars Entertainment (CZR) announced an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate and the Investment Management Platform of Acadia Realty Trust (AKR) for $275M. This sale is subject to customary approvals and other closing conditions and is expected to close during the Q4. "The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members and the tenants of the LINQ Promenade for their partnership over the last 10 years and wish them continued success," said Tom Reeg, CEO of Caesars Entertainment. Latham & Watkins and Brownstein Hyatt Farber and Schreck, represented Caesars on the transaction. Kirkland & Ellis provided transaction counsel to TPG & Acadia.

17:06 EDT Masimo continues to evaluate strategic alternatives for consumer segment - As previously announced, Masimo continues to evaluate strategic alternatives for its consumer segment.

17:04 EDT Caesars signs agreement to sell LINQ Promenade for $275MAcadia Realty Trust - Caesars Entertainment (CZR) announced an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate and the Investment Management Platform of Acadia Realty Trust (AKR) for $275M. This sale is subject to customary approvals and other closing conditions and is expected to close during the Q4. "The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members and the tenants of the LINQ Promenade for their partnership over the last 10 years and wish them continued success," said Tom Reeg, CEO of Caesars Entertainment. Latham & Watkins and Brownstein Hyatt Farber and Schreck, represented Caesars on the transaction. Kirkland & Ellis provided transaction counsel to TPG & Acadia.

17:02 EDT Oceaneering acquires Global Design Innovation - Oceaneering International "announced that it has acquired Global Design Innovation Ltd., a UK-based provider of digital and software services. This acquisition is a key step in Oceaneering's strategy to advance its digital capabilities and broaden the solutions available to its global clients. As the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images, GDi brings advanced algorithms and data solutions that, when combined with Oceaneering's engineering expertise, will strengthen Oceaneering's ability to optimize asset management for clients in industries including oil and gas, utilities, and power generation. GDi's suite of solutions, including its Vision software, complements Oceaneering's portfolio by supporting enhanced safety, data quality and integrity, and cost efficiency for customers worldwide."

17:01 EDT Bank of America says laundering sanctions may include public orders - Bank of America disclosed in its quarterly filing: "The Corporation has been engaged with several of its federal regulators in relation to certain aspects of the Corporation's Bank Secrecy Act/anti-money laundering and sanctions compliance programs, including transaction monitoring, training, governance, and customer due diligence. In cooperation with regulators, the Corporation has been, and plans to continue, implementing enhancements to these Programs. The Corporation is continuing discussions with its regulators about the Programs, and resolution of these discussions may include one or more public orders by the regulators. Based on these discussions, the Corporation does not expect these issues relating to the Programs will have a material adverse financial impact on the Corporation."

16:51 EDT Enovix, smartphone OEM execute development pact for mass production in 2025 - Enovix announced that it executed a development agreement with a global smartphone OEM with top five market share in China. Under the terms of the agreement and subject to applicable milestones, the companies will develop a 100% active silicon anode battery customized for specific smartphone models targeted for launch in Q4 2025.

16:44 EDT Spero suspends development of SPR720, to reduce workforce by 39% - Spero Therapeutics announced that a planned interim analysis of the Phase 2a proof-of-concept study of SPR720 for the treatment of NTM-PD demonstrated that the program did not meet its primary endpoint. While the data showed antimicrobial activity associated with SPR720, the interim analysis did not show sufficient separation from placebo and highlighted potential dose limiting safety issues in subjects dosed at 1,000 mg orally once daily, including three cases of reversible grade 3 hepatotoxicity. In evaluating the totality of both the efficacy and safety data, the company has elected to suspend its current development program for SPR720 and will evaluate other potential paths forward as the remaining data are collected and analyzed. As a result of the suspension of the current SPR720 development program, Spero will undergo a restructuring and reduction in force of approximately 39%, which will extend cash runway and support operations into mid-2026, to further support the development of tebipenem HBr, SPR206, and potential strategic activities. Following the reduction in force and restructuring, Spero estimates that its existing cash and cash equivalents, together with earned and non-contingent development milestone payments from GSK, as well as other non-dilutive funding commitments, will be sufficient to fund its operating expenses and capital expenditures into mid-2026. During this period, the company remains focused on advancing tebipenem HBr in the ongoing global PIVOT-PO Phase 3 clinical trial and preparing for a Phase 2 clinical trial for SPR206 contingent on continued non-dilutive funding.

16:42 EDT Ensign Group to add eight nursing operations in Tennessee, one in Alabama - Ensign Group (ENSG) announced today that it has agreed to add eight skilled nursing operations in the state of Tennessee and one in Alabama, subject to the completion of certain regulatory approvals and other closing conditions. Six of these operations will be jointly owned by CareTrust REIT (CTRE) and a large, private joint venture investor and will transition to Ensign affiliated operating companies subject to a new, long-term triple net master leases, and three will be purchased by Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate subsidiary. All nine operations will be operated by Ensign affiliated operating companies. It is anticipated that the transaction will be effective in the next few months. Upon closing this transaction, Ensign's portfolio will consist of 332 healthcare operations, 30 of which also include senior living operations, across 15 states. Ensign will also own 125 real estate assets, 95 of which it operates.

16:37 EDT Franklin Street reports Q3 FFO 10c, one estimate 3c - Reports Q3 revenue $29.7M vs. $36.9M last year. The company states: "As the fourth quarter of 2024 begins, we continue to believe that the current price of our common stock does not accurately reflect the value of our underlying real estate assets. We will seek to increase shareholder value by continuing to (1) pursue the sale of select properties when we believe that short to intermediate term valuation potential has been reached and (2) strive to increase occupancy through leasing of vacant space. We intend to use proceeds from property dispositions primarily for debt reductions. During the third quarter of 2024, we leased a total of approximately 92,000 square feet of office space within our approximately 5.0 million square foot directly-owned property portfolio. During the third quarter of 2024, we completed the sale of our last property in the Commonwealth of Virginia on July 8, 2024. The property, located in Glen Allen and known as Innsbrook, sold for a gross selling price of $31 million. On July 10, 2024, we repaid approximately $25.3 million of our debt with a portion of the net proceeds of the Innsbrook disposition. On October 23, 2024, we completed the sale of our last property in Atlanta, Georgia. The property, known as Pershing Park Plaza, sold for a gross selling price of $34 million. On October 25, 2024, we repaid approximately $27.4 million of our debt with a portion of the net proceeds from the Pershing Park Plaza disposition. As of October 25, 2024, our total indebtedness was approximately $250.3 million, equivalent to approximately $52 per square foot on our remaining approximately 4.8 million square foot directly-owned property portfolio."

16:35 EDT Spero Therapeutics trading resumes

16:31 EDT Keith Gill disposes of Chewy stake, reports holding no shares - Keith Gill, also known as "Roaring Kitty," disclosed a 0% stake in Chewy in a new 13G filing with the SEC. In July, the trader known for his YouTube and other social media appearances to discuss stocks, had disclosed a 6.6% stake in Chewy, which represented just over 9M shares.

16:24 EDT FirstEnergy raises 2024 capital investment plan to $4.6B from $4.3B

16:21 EDT CareTrust REIT to acquire portfolio of nursing facilities for about $500M - CareTrust REIT, Inc. (CTRE) announced that, together with a joint venture partner, it has entered into a binding agreement to acquire a portfolio of skilled nursing facilities for a purchase price of approximately $500 million. The portfolio consists of 31 skilled nursing facilities and a total of 3,290 licensed beds, with 30 of the facilities located in Tennessee and 1 in Alabama. The acquisition is subject to customary closing conditions, and there can be no assurance that the transaction will close in the anticipated timeframe, or at all. The Company anticipates that the transaction will close in the fourth quarter of 2024. It is anticipated that most of the facilities will be operated by existing CareTrust tenant relationships, including affiliates of The Ensign Group (ENSG), PACS Group, Inc. (PACS), and Links Healthcare Group. PACS has agreed to operate 12 of the facilities, Ensign affiliates 9 of the facilities, and Links 7 of the facilities. Three facilities will be master leased to a regional operator that is a new tenant relationship for CareTrust. Three of Ensign's 9 facilities will be acquired by Ensign's real estate subsidiary with the remaining 6 to be included in a new master lease. The acquisition will be completed through a joint venture arrangement entered into between CareTrust and a large third-party healthcare real estate owner. In connection with the joint venture's acquisition of the portfolio, CareTrust expects to provide a combined common equity and preferred equity investment amount totaling approximately $442 million at an initial contractual yield on its combined preferred and common equity investments in the joint venture of approximately 9.0%.

16:19 EDT Ingles Markets provides update on impact from Hurricane Helene - Ingles Markets "announced improvements since Hurricane Helene impacted the operation of both the company's stores and its distribution center. Of our 198 stores, 194 stores are currently open. Four of our stores sustained damage due to flooding and winds and are temporarily closed. We expect all four to reopen over the next three to nine months. Our distribution center is fully operational and has returned to normal operations. We have currently estimated that the financial impact of inventory and property loss will be between $35 and $55 million, for which we expect between $10 to $15 million of insurance reimbursement, and such impact will be included in our results of operations for our fiscal quarter and year ended September 28, 2024."

16:18 EDT Pros Holdings CEO Reiner to retire - Pros Holdings announced that its President and Chief Executive Officer, Andres Reiner, intends to retire from the Company. Mr. Reiner will remain in his role through the completion of the search for his successor and serve as an advisor for a 12-month period thereafter to ensure a seamless succession. The Company's Board of Directors is executing its succession plan and searching for the next CEO with the assistance of a nationally recognized executive search firm. "I'm incredibly proud of where PROS is as a business and the strong leadership team we have in place. Our strategy, platform, and people are well positioned to continue to set the standard for innovation in our market and drive sustainable long-term growth," said President and CEO Andres Reiner. "We are committed to finding the best candidate to continue on our mission of helping people and companies outperform, and I look forward to supporting my successor through a successful transition."

16:18 EDT Reddit jumps 17% to $96.00 after Q3 beat, Q4 outlook

16:15 EDT NerdWallet says board approves new $25M share repurchase authorization - NerdWallet said: "Following our utilization of the share repurchase authorization announced on September 9, 2024, we announced on October 29, 2024 that our Board of Directors approved a new share repurchase authorization under which we may repurchase up to $25 million of our Class A common stock. Under the October 2024 Repurchase Plan, shares of Class A common stock may be repurchased from time to time in the open market, through privately negotiated transactions or otherwise, in accordance with applicable securities laws and other restrictions."

16:14 EDT NerdWallet reports resignation of Lauren StClair as CFO, effective March 7, 2025 - The company announced the resignation of Lauren StClair, CFO effective March 7, 2025, to pursue other opportunities. StClair will stay on through March 7, 2025 to ensure an orderly transition. The company will open a search for a new CFO immediately and will provide updates as appropriate.

16:12 EDT Snap board authorizes up to $500M stock repurchase program - Snap announced its board of directors has authorized a stock repurchase program of up to $500M of its Class A common stock. Repurchases of the Class A common stock may be made from time to time, either through open market transactions (including through Rule 10b5-1 trading plans) or through privately negotiated transactions in accordance with applicable securities laws. The timing and actual number of shares repurchased will depend on a variety of factors, including stock price, trading volume, market and economic conditions, and other general business considerations. Repurchases under the program have been authorized for 12 months but the program may be initiated, modified, suspended, or terminated at any time during such period.

16:10 EDT Werner sees FY24 CapEx $240M-$260M

16:08 EDT Thryv Holdings announces strategic acquisition of Keap for $80M - Thryv Holdings "announced that the Company has signed a definitive agreement to acquire Infusion Software, Inc, or "Keap", a prominent player in customer relationship management and marketing automation for SMBs. Total transaction value of $80 million, paid in cash, subject to customary adjustments. The transaction is expected to close in the fourth quarter of 2024, subject to satisfaction or waiver of closing conditions. Keap generated approximately $85 million of revenue during the trailing twelve months through June 30, 2024."

16:08 EDT Alphabet announces cash dividend of 20c per share - Alphabet said dividend payments to stockholders of Class A, Class B, and Class C shares were $1.2B, $173M, and $1.1B, respectively, totaling $2.5B for the three months ended September 30. On October 29, Alphabet announced a cash dividend of 20c per share that will be paid on December 16, to stockholders of record as of December 9, on each of the company's Class A, Class B, and Class C shares.

16:07 EDT Alphabet CEO says momentum across company 'extraordinary' - Sundar Pichai, CEO, said: "The momentum across the company is extraordinary. Our commitment to innovation, as well as our long-term focus and investment in AI, are paying off with consumers and partners benefiting from our AI tools. In Search, our new AI features are expanding what people can search for and how they search for it. In Cloud, our AI solutions are helping drive deeper product adoption with existing customers, attract new customers and win larger deals. And YouTube's total ads and subscription revenues surpassed $50 billion over the past four quarters for the first time. We generated strong revenue growth in the quarter, and our ongoing efforts to improve efficiency helped deliver improved margins. I'm looking forward to driving more advances for consumers, customers and creators globally."

16:06 EDT Alphabet reports Q3 Google Cloud revenue $11.35B vs. $8.41B last year

16:06 EDT Expand Energy provides update on new capital return framework - The company said, "Expand Energy plans to pay its quarterly base dividend of $0.575 per share on December 4, 2024 to shareholders of record at the close of business on November 14, 2024. The company announced today its enhanced capital return framework which is designed to more effectively return cash to shareholders and reduce net debt. The plan is expected to go into effect January 1, 2025, and prioritizes the base dividend of $2.30 per share and $500 million of annual net debt reduction. Once both have been funded, it is anticipated that 75% of remaining free cash flow be distributed as market conditions warrant, between share repurchases and additional dividend payments. The remaining free cash flow would be maintained on the balance sheet."

16:05 EDT Alphabet reports Q3 Google advertising revenue $65.85B vs. $59.65B last year - Reports Q3 Google Search & other revenue $49.39B vs. $44.03B last year. Reports Q3 YouTube ads revenue $8.92B vs. $7.95B last year.

16:02 EDT Caesars reports Q3 adjusted EBITDA $1.00B vs. $1.04B last year

15:56 EDT UniFirst raises quarterly dividends on common, Class B common stock - The Board of Directors of UniFirst declared increased quarterly cash dividends of 35c per share on the company's common stock and 28c on the company's Class B common stock. Both dividends are payable on January 3, 2025 to shareholders of record on December 6, 2024.

15:27 EDT U.S. State Department approves sale of RTX's AMRAAM missiles to Denmark - The U.S. State Department has made a determination approving a possible Foreign Military Sale to the Government of Denmark of AIM-120D-3 Advanced Medium Range Air-to-Air Missiles and related elements of logistics and program support for an estimated cost of $744M. The Defense Security Cooperation Agency delivered the required certification notifying Congress of this possible sale Tuesday. The Government of Denmark has requested to buy up to 203 AIM-120D-3 Advanced Medium Range Air-to-Air Missiles; and up to nine AIM-120D-3 AMRAAM guidance sections to include precise position provided by either Selective Availability Anti-Spoofing Module or M-Code. The following non-MDE items will also be included: spare AMRAAM control sections; missile containers and support equipment; munitions support and support equipment; spare parts, consumables and accessories, and repair and return support; weapons software and support equipment; classified software delivery and support; classified publications and technical documentation; transportation support; studies and surveys; U.S. Government and contractor engineering, technical and logistics support services; and other related elements of logistics and program support. The estimated total cost is $744M. The principal contractor will be RTX Corporation, located in Tucson, AZ. The purchaser typically requests offsets. Any offset agreement will be defined in negotiations between the purchaser and the contractor. Reference Link

15:05 EDT FirstEnergy names Karen McClendon CHRO - FirstEnergy (FE) announced that Karen McClendon has been named senior VP and chief human resources officer, or CHRO, effective November 11. McClendon will spearhead efforts to integrate and advance the company's human capital strategy. She will oversee human resources functions, including talent management, benefits and compensation, labor and employee relations. McClendon will report to Brian Tierney, FirstEnergy president and CEO. McClendon most recently served as the CHRO at Paychex (PAYX).

14:00 EDT Altair jumps 8% to $110.30 after Bloomberg says Siemens near buyout

13:53 EDT Blue Hill says Territorial arguments based on 'false premise' - Blue Hill Advisors issued an letter to shareholders of Territorial Bancorp (TBNK) saying in part, "Territorial's Board of Directors has flooded you with materials urging you to support the Company's proposed sale to Hope Bancorp (HOPE) and dismiss our proposal. Most of their arguments are based on a false premise: that they cannot engage with us for fear of losing the Hope deal. This is simply not true. Under the Hope merger agreement, Territorial is entitled to explore a competing offer that is 'reasonably likely to lead to a Superior Proposal.' We believe we have always cleared that bar. And since sending more information about our offer in an addendum to the Board last week, we have no doubt...Seven investors, including Blue Hill Advisors, have made a $12.50 per share cash offer for up to 100% of Territorial shares - that's a 25% premium to the current value of the Hope consideration. Our proposal also allows up to 49% of existing holders to stay on as shareholders if they choose to participate in Territorial's considerable upside. Territorial has bizarrely attacked the proposal both for being too liquid (citing taxes on imaginary gains under the cash option) and too illiquid (for shareholders who choose not to tender and instead participate with us in the potential upside). The point is that our proposal lets you, the shareholder, decide-isn't whatever you choose going to be superior."

13:36 EDT CVR Energy says exploring potential increase in liquidity, non-core asset sales - CVR Energy executives stated on the company's Q3 earnings call: "Overall refining markets remain challenging. While the Board's decision to suspend the dividend was difficult, we believe the key to surviving these downturns and refineries is maintaining adequate liquidity and protecting the balance sheet. While we focus on areas we control - safe, reliable operations while reducing costs and capital spend - we are currently exploring the potential increase in our liquidity through possible access to capital markets... We are confident in our ability to navigate this challenging environment and be well prepared post turnaround for any improvements in refining margins... This creates an opportunity for us to focus on positioning our business for the long term so we are best equipped to take advantage of favorable market conditions when they return, as I believe they will... This includes internal cost cutting initiatives and reduced hiring. Focus also includes focusing our capital spend on projects that are in flight and those critical to safe, reliable operations. And finally, we are exploring access to capital markets, which could include non-core asset net sales. Suspending the dividend is also part of this, but our Board will continue to look at it each and every quarter. But we think this shows as we can make the tough decisions necessary to support the Company's future and our goal of increasing value to our stockholders to focusing on executing our upcoming turnaround safely on time and on budget... Our track record for exceptional project execution speaks for itself. Although we've had some hiccups this year, we are great operators and have demonstrated our ability to successfully execute turnarounds in the past... We will not ignore accretive opportunities before us and liquidity measures we announced yesterday should help with this for, as always, continue to focus its focus on safe, reliable operations in an environmentally responsible manner. This should result lower operating costs, better capture rates and ultimately superior financial performance for our shareholders and stakeholders. In summary, despite the weakness in the current refining market, we see continue to believe the US fleet is the most advantage in the world. Given the high complexity access to low-cost crude oil and natural gas, our refineries are very competitive among this fleet. We have tremendous confidence in the future, and we see the actions we announced in our intended path forward as best positioning CVR to take advantage of it."

12:46 EDT Hoth Therapeutics: Treatment 'successfully' stabilized tumor growth in study - Hoth Therapeutics announced early data from a preclinical study of its latest cancer treatment. The preliminary results demonstrate that the treatment successfully stabilizes tumor growth with remarkable consistency across subjects, showing potential as an effective therapeutic option in oncology. This study was performed and took place under a sponsored scientific research agreement with NC State University. The study measured tumor volumes in treated and untreated subjects over the course of the experiment. Key observations from the initial data include: Tumor volumes in treated subjects remained remarkably stable over the course of the study, suggesting that the treatment may significantly inhibit tumor growth. Tumor sizes were highly consistent across all treated animals, as demonstrated by the minimal error bars on the graph. This uniform response highlights the treatment's potential reproducibility and reliability. In contrast, untreated subjects showed greater variability and an increase in tumor volume, underscoring the potential efficacy of the treatment in slowing or halting tumor growth. As Hoth Therapeutics advances this research, the company will continue analyzing additional tissue data to further validate these results. The company is committed to moving forward with the development of this promising treatment and exploring its full potential for patients in need of effective cancer therapies.

12:35 EDT Netflix, Universal Filmed Entertainment expand U.S. licensing deal - Netflix (NFLX) and NBCUniversal's (CMCSA) Universal Filmed Entertainment Group have reached an agreement to renew the existing licensing deal for animated films including those from Illumination and DreamWorks Animation and, beginning with the 2027 slate, will add U.S. rights to live-action films from both Universal Pictures and Focus Features. As part of the new agreement, Netflix will continue to have exclusive rights to UFEG animated films and, starting in 2027, will add live-action films no later than eight months following theatrical release. After the initial premiere on Peacock, Netflix will have a 10-month window during which these films are available only on Netflix before they return to Peacock. Netflix will also license rights to Universal's full animation and live-action film slate for additional windows in subsequent years as well as rights to select titles from Universal's film library. "We have always valued our partnership with NBCUniversal, and we are excited to expand it to bring even more entertainment to our U.S. members starting in 2027," said Bela Bajaria, Chief Content Officer, Netflix. "Illumination and DWA animated films have always been incredibly popular on Netflix, and we are looking forward to adding Universal Pictures and Focus Features live-action films in the years to come. By combining these licensed titles with our Netflix original programming, we can offer our members an exceptional entertainment package with an even greater selection of films to enjoy." Reference Link

12:19 EDT Eli Lilly says Donanemab redudced ARIA-E in early Alzheimer's patients - Eli Lilly announced "positive results" from the TRAILBLAZER-ALZ 6 Phase 3b study, showing a reduction in amyloid-related imaging abnormalities with edema/effusion at the 24-week primary endpoint for people receiving a slightly modified titration of donanemab in adults with early symptomatic Alzheimer's disease. The primary endpoint of the study was the proportion of participants with any occurrence of ARIA-E by week 24, and the results showed the incidence of ARIA-E was 14% in patients receiving the modified titration compared with 24% for those receiving the standard dosing regimen, a 41% lower relative risk. The largest ARIA-E reduction with the modified titration was seen in apolipoprotein E homozygotes, carriers of a known genetic risk factor for developing Alzheimer's disease. In these patients, 19% had ARIA-E on the modified titration as compared to 57% on the standard dosing regimen, resulting in a 67% lower relative risk. Lilly is discussing the results of this study with global regulators, with the intent to submit for a potential label update for Kisunla.

12:03 EDT CVR Energy falls -24.9% - CVR Energy is down -24.9%, or -$5.93 to $17.89.

12:02 EDT Shutterstock rises 14.5% - Shutterstock is up 14.5%, or $4.29 to $33.82.

12:00 EDT Lithium Americas rises 16.3% - Lithium Americas is up 16.3%, or 68c to $4.82.

11:52 EDT FDA posts summary of Novo Nordisk site inspections made earlier this year - The FDA has posted a summary of Novo Nordisk site inspections made over several dates in March of this year at the company's Drug Substance Manufacturing Site in Kalundborg Sjalland 4400 DK. Reference Link

11:36 EDT MPLX increases quarterly dividend 12.5% to 95.65c per share - The board of directors of the general partner of MPLX LP has declared a quarterly cash distribution of 95.65c per common unit for the third quarter of 2024, or $3.826 on an annualized basis. This represents a 12.5% increase, or 10.65c increase per common unit, over the second quarter 2024 distribution. The distribution will be paid on Nov. 15, 2024, to common unitholders of record as of Nov. 8, 2024.

11:29 EDT JetBlue sees negative capacity in Q1 due to engine issues

11:02 EDT Apple unveils Mac mini built for Apple Intelligence - Apple unveiled the all-new Mac mini powered by the M4 and new M4 Pro chips, and redesigned around Apple silicon to pack an incredible amount of performance into an even smaller form of just 5 by 5 inches. With M4, Mac mini delivers up to 1.8x faster CPU performance and 2.2x faster GPU performance over the M1 model. With M4 Pro, it takes the advanced technologies in M4 and scales them up to tackle even more demanding workloads. For more convenient connectivity, it features front and back ports, and for the first time includes Thunderbolt 5 for faster data transfer speeds on the M4 Pro model. The new Mac mini is also built for Apple Intelligence, the personal intelligence system that transforms how users work, communicate, and express themselves while protecting their privacy. And marking an important environmental milestone, Mac mini is Apple's first carbon neutral Mac with an over 80 percent reduction in greenhouse gas emissions across its materials, manufacturing, transportation, and customer use. Starting at just $599 with 16GB of memory, the new Mac mini is available to pre-order today, with availability beginning November 8.

10:52 EDT Upexi trading resumes

10:41 EDT JetBlue expects depressed travel during week of U.S. elections

10:32 EDT Sysco says 'on target' to deliver positive operating leverage - Says returned 'meaningful' cash back to shareholders. Says focused on executing on 'things we can control', including continued improvements to core business. Says 'well-positioned' to fully leverage size and scale advantages. Says remains on target to return $2B to shareholders this fiscal year. Says optimizing portfolio by announcing planned divestment of JV in Mexico. Says supply chain remains fully staffed. Says building on productivity gains. Says health of balance sheet remains 'source of competitive advantage'. Says debt is well laddered with no maturities over $1B until FY27. Says net sales growth guidance includes contributions from inflation, low single-digit volume growth and M&A. Says expects stronger rate of adjusted EPS growth in 2H25. Says remains on track to return 'essentially all free cash flow' to shareholders. Sees FY25 tax rate at 25%.

10:24 EDT JetBlue says won't guide 2025 metrics until January call

10:17 EDT Sysco says traffic trends improved throughout the quarter - Says food away from home continues to gain share. Says seeing 'strong performance' across the board in non-commercial sectors. Says 'on track' for full-year guidance. Says pleased with international business segment. Says national sales business 'performing at a very high-level'. Says confident Sygma will continue to deliver 'strong results' over remainder of the year. Says growing local business, however the company knows it can take share and drive higher volume profitably. Says 'confident' in actions to support local case growth. Says will continue to look for high-quality assets that complement business offerings. Comments taken from Q1 earnings conference call.

10:16 EDT JetBlue sees 2025 capacity roughly flat y/y

10:11 EDT JetBlue CEO sees 'significant work' ahead on path to FY operating profitability

10:09 EDT JetBlue targeting $800M-$900M in incremental EBIT from 2025-2027

10:08 EDT JetBlue sees y/y positive unit revenue in Q4 - Sees relatively improved macro backdrop to continue driving positive unit revenues in Q4. Comments taken from Q3 earnings conference call.

10:00 EDT Shutterstock rises 11.3% - Shutterstock is up 11.3%, or $3.35 to $32.88.

10:00 EDT VF Corp. rises 25.0% - VF Corp. is up 25.0%, or $4.26 to $21.29.

10:00 EDT CVR Energy falls -25.1% - CVR Energy is down -25.1%, or -$5.97 to $17.84.

09:48 EDT JetBlue: On track to deliver positive RASM throughout 2H - Says sequential decline of fuel price expected into Q4. Comments taken from Q3 earnings conference call presentation slides.

09:48 EDT Camping World rises 11.9% - Camping World is up 11.9%, or $2.55 to $23.96.

09:47 EDT Daqo New Energy falls -17.1% - Daqo New Energy is down -17.1%, or -$5.00 to $24.14.

09:47 EDT Janus falls -33.0% - Janus is down -33.0%, or -$3.40 to $6.91.

09:42 EDT Trump Media halts for volatility after rallying 14% to $54.09

09:38 EDT Kiniksa Pharmaceuticals trading resumes

09:36 EDT Trump Media trading halted, volatility trading pause

09:33 EDT Kiniksa Pharmaceuticals trading halted, volatility trading pause

09:32 EDT Nevada reports September statewide gaming win up 3.34% to $1.31B - The Nevada Gaming Control Board reports September Las Vegas Strip gaming win down 1.83% versus last year to $727.66M. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

09:31 EDT McDonald's says gaining share with lower end consumers - Says visits for $5 meals have increased. Will be "thoughtful" about incremental pricing actions.

09:27 EDT National Energy Services acquires minority stake in SALTTECH - National Energy Services Reunited announced that it has acquired a minority stake in SALTTECH. Funded through cash, the acquisition follows the successful deployment of Dyvar on several key pilot projects in the MENA region, including the recently announced Circular Water project deployed successfully with NESR's largest customer. The Dyvar represents a core component of NESR's growing portfolio of fit-for-purpose water solutions within its NEDA segment, and the acquisition deepens the collaboration between NESR & Salttech in pursuing the sustainable scale-up of this novel, Circular Water concept in Saudi Arabia and other key countries. NESR will also have the sole option to acquire additional stake and become the majority owner of Salttech in subsequent years.

09:25 EDT McDonald's says 'on pace' with development goals in U.S.

09:21 EDT Melcor REIT announces filing of information circular for special meeting - Melcor Real Estate Investment Trust announced the filing of its management information circular and related documents for the special meeting of the holders of units and special voting units of the REIT to consider a special resolution approving the previously-announced plan of arrangement under the Business Corporations Act involving the REIT, Melcor REIT GP and Melcor Developments. The Meeting will be held at the Windsor Room, Third Floor, Manulife Place, 10180 101st Street, Edmonton, Alberta,T5J 3V5 on November 26, 2024 at 9:30 a.m. The REIT has also commenced the process of mailing the Circular and related documents to Unitholders. Under the terms of the Arrangement, Voting Unitholders will receive cash consideration of $4.95 per Unit representing a premium of 46.0% to the REIT's closing Unit price of $3.39 on September 12, 2024, the last trading day prior to the announcement of the Arrangement, and a 61.3% premium to the 30-day volume weighted average Unit price ending September 12, 2024. Additionally, on or about the closing of the Arrangement, the REIT will cause the redemption of, and the Purchaser will pay out in cash, all principal amount of the $46.0 million of the REIT's 5.10% convertible unsecured subordinated debentures having a maturity date of December 31, 2024, with the REIT paying any accrued but unpaid interest on the Debentures. The special resolution approving the Arrangement must be approved by: not less than 66 2/3% of the votes cast by Voting Unitholders, voting as a single class, present in person or represented by proxy and entitled to vote at the Meeting; and a simple majority of the votes cast by Voting Unitholders present in person or represented by proxy and entitled to vote at the Meeting, excluding for this purpose votes attached to 100% of the SVUs and Units held by Unitholders who are excluded pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions.

09:17 EDT Aetherium Acquisition receives letter terminating business combination agreement - Aetherium Acquisition received written notice from Capital A Berhad stating that it has elected to unilaterally terminate the business combination agreement dated February 28, entered into between Capital A Berhad, the company and other parties named therein. The company was not made aware of Capital A Berhad's decision prior to it receiving notice. The termination was made with reference to Section 9.1(h) of the Business Combination Agreement and relating to Aetherium previously receiving a written determination by Nasdaq to delist Aetherium's securities for failure to meet a continued listing standard. Capital A's management understood the basis for Aetherium's continued non-compliance, which resulted from Capital A's delays in timely completing Form F-4 to submit to the SEC. Prior to Nasdaq's delisting decision, Capital A had fully supported Aetherium through its Nasdaq extension requests and had completed its Form F-4 several months ago. Since then, Aetherium has been waiting for Capital A to submit Form F-4 to the SEC to complete the business combination. Aetherium's Board considers this unilateral termination of the BCA while simultaneously submitting a Regularization Plan to Bursa Malaysia, which initially included but now excludes this business combination merger is not acting in good faith as is bilaterally stipulated in the BCA. Prior to receiving the notice of termination, Aetherium regularly received reassurances that Capital A would move forward toward completing this business combination. Aetherium intends to engage with Capital A's management to determine whether Bursa Malaysia was preventing this transaction, as applying for a listing on Nasdaq is a separate process, and no approvals are required until the SEC process is complete.

09:15 EDT McDonald's says 'strong start' to Q4 in U.S. - Says significant events "behind us." Planning on getting quarter pounders back on menus. Says will do what is needed to get momentum back in the business. Says overall industry environment "remains challenging." Says lower end consumers under "acute pressure."

09:14 EDT Lucid Group opening orders for Lucid Gravity EV November 7 - Lucid Group announced customer orders for the Lucid Gravity will open on November 7 at 9:00 am Pacific Time. Orders will initially be taken for the Grand Touring trim. The Lucid Gravity Grand Touring is scheduled to begin production in late 2024 and the Lucid Gravity Touring is planned for late 2025. On November 7, orders will open for customers in the U.S., with current Lucid owners given priority for taking delivery of their Lucid Gravity.

09:12 EDT Safe and Green Development updates construction on Sugar Phase I project, Texas - Safe and Green Development announced the start of construction on its Sugar Phase I project in South Texas. Following the recent completion of all required site work and receipt of necessary elevation certificates and permits, SG Devco has officially broken ground on this first phase, which will consist of 5 single-family homes. Framing is expected to be completed later this week as construction progresses.

09:09 EDT Hartford Financial and Coalition announce UK Cyber partnership - The Hartford and Coalition have announced a strategic, long-term capacity partnership in response to growing customer and broker demand for Coalition's unique Active Cyber Insurance approach in the U.K. market. "We continue to capitalize on the strengths of The Hartford and our London operations, securing new opportunities to meaningfully grow our International business and footprint," said Carl Bach, Head of The Hartford's International Business. "Drawing on our deep expertise underwriting cyber in the U.S. market, we recognize the innovative model of active insurance that Coalition possesses, designed to help businesses identify and mitigate cyber risk before it becomes a disruption. We look forward to partnering with Coalition to serve more customers and brokers in the U.K. for years to come." As part of the agreement, The Hartford is assuming a quota share of Coalition's U.K. cyber program, in addition to the insurance provider's existing capacity partner relationships. "We are thrilled to have The Hartford join our panel of capacity partners and support our efforts to continue providing outstanding cyber coverage to our policyholders," commented Shawn Ram, Coalition's Head of Insurance. "Coalition continues to see robust interest in our innovative and profitable Active Insurance model in the U.K., which has disrupted the standard approach to cyber insurance and offered businesses a way to manage their risk as it evolves."

09:07 EDT GoodRx announces exclusive cash price for Qsymia - GoodRx announced that Qsymia is available for a low cash price in more than 70,000 retail pharmacy locations nationwide exclusively via GoodRx. This initiative not only propels GoodRx's momentum in weight loss solutions, but also broadens its portfolio in offering significant savings on brand-name medications, making obesity treatment more accessible and affordable for millions.

09:06 EDT PacBio announces SPRQ chemistry for Revio sequencing systems - PacBio announced SPRQ, an improved sequencing chemistry for its Revio long-read sequencing system. The new chemistry will reduce Revio DNA input requirements by 4x to 500ng per sample, which enables more sample types such as saliva extracted with PacBio's new Nanobind protocol and tumor samples to be sequenced with HiFi sequencing technology. It will also increase the Revio system's output, which together with improved analysis methods, enables customers to reduce their sequencing cost per genome by up to 50 percent.

09:05 EDT Snap partners with Zefr - Zefr announced the launch of its new Brand Safety and Suitability Measurement solution for Snapchat. This new offering, developed in partnership with Snap, provides advertisers with increased transparency and control over their campaigns by leveraging Zefr's patented AI and machine learning technology. This marks the latest expansion of Zefr's industry-leading measurement capabilities, now extending to one of the most dynamic and popular social platforms.

09:05 EDT Ibex announces the launch of ibex Wave iX AI Virtual Agent - ibex announced the launch of ibex Wave iX AI Virtual Agent, a sophisticated AI solution designed for seamless and scalable automated customer and brand interactions. ibex Wave iX AI Virtual Agent provides AI-driven voice and text conversations that are customized to align with a brand's persona and specific business needs. It offers human-like, infinitely scalable, and hyper-personalized customer experiences while integrating seamlessly with existing agent support systems to facilitate swift escalation and efficient resolution of more complex customer issues.

09:04 EDT Nektar's rezpegaldesleukin Phase 1 study featured in peer-reviewed publication - Nektar announced the publication of peer-reviewed data from two Phase 1b studies in Nature Communications highlighting the efficacy, safety, and tolerability of rezpegaldesleukin in patients with atopic dermatitis - AD - and psoriasis, or PsO. Results from the Phase 1b studies showed that rezpegaldesleukin safely and dose-dependently increased Tregs and rapidly improved measurable exploratory disease outcomes that are largely durable for at least 36 weeks after ceasing treatment. Rezpegaldesleukin is safe and well-tolerated and demonstrates consistent pharmacokinetics in participants receiving subcutaneous doses of 10 to 12 undefined/kg or 24 undefined/kg once every 2 weeks for 12 weeks, meeting the primary and secondary objectives of each study. AD patients receiving high dose rezpegaldesleukin demonstrate an 83% improvement in EASI score after 12 weeks of treatment EASI improvement of greater than or equal to 75%and vIGA-AD responses are maintained for 36 weeks after treatment discontinuation in 71% and 80% of week 12 responders, respectively. The clinical improvements are accompanied by sustained increases in CD25bright Tregs. Results validate the role of IL-2-induced Treg proliferation and activation in the AD treatment paradigm, and support the advancement of rezpegaldesleukin in the Phase 2b study in AD.

09:03 EDT Blue Duck Capital voices concerns about Amazon.com's 'lackluster performance' - Blue Duck Capital, a long/short equity investment manager focused on thematic opportunities within Technology, Media, Telecom, Consumer, and Industrial sectors and long-term shareholder of Amazon common stock, issued an open letter to the Amazon Board of Directors voicing concerns about the lackluster performance of the company's stock. In the letter, Blue Duck outlines a number of initiatives it believes management can undertake to remedy the underperformance, including: Initiate a formal and significant capital return program to match the Company's market cap, free cash flow and capital reserves. Improve on inefficient business execution across AWS and retail businesses. Provide more transparency around substantial projected A.I. Investment. Leverage Whole Foods' leading market position to better capitalize on growing national health food movement. Refocus Amazon Studios, Wondery and all related media verticals to realign capital spend with viewership to avoid further talent and content missteps. Reference Link

09:01 EDT Precision Optics announces its customer has received FDA 510k clearance - Precision Optics announced that its customer, a surgical robotics company focused on transformative solutions in urology, recently announced FDA 510(k) clearance of its next-generation AI-powered platform for treatment of Benign Prostate Hyperplasia. Precision Optics designed and currently manufactures the single-use endoscope imaging assembly used within the new system.

08:57 EDT LPL Financial: Goodwin Petrilli join broker-dealer, RIA, custodial platforms - LPL Financial announced that financial advisors Randy Petrilli, Matt Goodwin, Travis Whitaker and Jeff McWhorter of Goodwin Petrilli Financial have joined LPL Financial's broker-dealer, RIA and custodial platforms. The advisors reported having approximately $205 million in advisory, brokerage and retirement plan assets. They join LPL from Cambridge Investment Research. Based in Fort Collins, Co., the firm was founded in 1992 by Harry Goodwin, Matt's father, who retired last year after serving clients for more than three decades. The ensemble practice offers a comprehensive range of financial planning and investment management services to individuals, families and businesses throughout Northern Colorado.

08:55 EDT GDS Holdings announces $1B equity raise by international affiliate - GDS Holdings announced that its international affiliate, DigitalLand Holdings, which acts as the holding company for GDSH's data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity investors to subscribe for $1B of Series B convertible preferred shares newly issued by GDSI. GDS International was established in 2022 with its corporate headquarters in Singapore. Its portfolio currently comprises approximately 480 MW of data center capacity in service and under construction and an additional 590 MW held for future development across strategic locations in Hong Kong, Singapore, Malaysia, Indonesia, and Japan. The $1B Series B investment is mostly comprised of new US investors, led by Coatue Management with substantial participation by The Baupost Group. Together with GDSI's existing equity, the Series B raise will be sufficient to capitalize the development of up to 1 GW of total data center capacity. GDSH has determined not to exercise its pre-emption rights for the Series B equity raise. Post closing and on an as-converted basis, GDSH will own approximately 37.6% of the equity interest of GDSI in the form of ordinary shares. The value of GDSH's equity interest in GDSI implied by the Series B subscription price is approximately $1.3B, equivalent to approximately $6.75 per American Depositary Share of GDSH. Post closing, GDSH will no longer consolidate GDSI for accounting purposes and GDSH will no longer have the right to appoint a majority of directors to the Board of GDSI.

08:52 EDT Check Point sees FY results 'well within range' previously provided

08:51 EDT McDonald's says E.coli situation will not have material impact to FY24 results

08:49 EDT McDonald's says 'beginning to see progress' in International markets

08:47 EDT PayPal expects Braintree to continue to weigh on topline through 2025

08:46 EDT Amazon to shut down Kindle Vella in February 2025 - Amazon plans to shut down its Kindle Vella serialized story platform in February 2025, the company announced. Amazon said: "This was a difficult decision. We are grateful for all of the authors and readers who participated in Kindle Vella and, while we remain committed to experimenting and testing new ideas to deliver unique and delightful experiences for both readers and authors, Kindle Vella hasn't caught on as we'd hoped. All the stories and episodes you have read or unlocked with tokens will remain available in your library in the free Kindle app on iOS and Android after the program closes." Reference Link

08:45 EDT 180 Life Sciences appoints Jay Goodman to board of directors - 180 Life Sciences announced the appointment of Jay Goodman to its Board of Directors, effective immediately. Currently, Goodman serves as Sales Director for Asia Pacific and Japan at Docker, Inc., a position he has held since January 2024. Goodman was appointed as an independent member of the Board of Directors and as a member of the Company's Audit Committee, as well as positions on other committees.

08:43 EDT VCI Global wins its first AI contract worth $16M - VCI Global announces that its subsidiary, V Gallant Sdn, has been awarded a $16M contract to develop an advanced AI digital human-enabled live streaming platform for a Malaysian e-commerce player. "This contract represents a tremendous boost for our AI division," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. "As competition in the AI space intensifies, we are well-positioned to secure additional projects within the e-commerce industry, particularly as we approach 2025. Our commitment to innovation aligns with the growing demand for sophisticated digital marketing tools in one of the largest digital markets globally."

08:42 EDT Cumulus Media, TuneIn expand content partnership agreement - Cumulus Media and TuneIn announced that they have renewed and expanded their existing content partnership. Under the terms of the deal, TuneIn will continue to make Cumulus Media's high-quality local sports, news, talk and entertainment programming available to its 75 million monthly global listeners. The extended agreement also includes a new, non-exclusive sales and supply partnership to optimize digital audio advertising monetization for Cumulus' diverse radio stations.

08:41 EDT Bridgeline Digital's HawkSearch selected by distributor of tools, supplies - Bridgeline Digital announced that a leading distributor of fasteners, tools, maintenance, shop, and industrial supplies has selected HawkSearch to enhance their on-site search capabilities. The distributor will leverage HawkSearch to optimize their customer experience and product discovery on the Optimizely platform. The solution will address common challenges and use cases for complex part number searches as well as dimensional products with data discrepancies in unit of measure. They will also utilize HawkSearch's merchandising features including Instant Engage, boost and bury rules, machine learning multipliers, product recommendations, campaigns, as well as entitlements and Visitor Targets for their multiple branch locations.

08:40 EDT Cellebrite announces Tim Tebow as keynote for C2C User Summit 2025 - Cellebrite announced that Tim Tebow will keynote the Company's inaugural Case-to-Closure User Summit, which will be held from March 31 to April 3, 2025, at the Hilton National Mall in Washington, D.C. The inaugural C2C User Summit further cements Cellebrite's position as the true end-to-end digital investigative solutions leader by bringing the brightest digital forensics minds together to discuss best practices and to obtain hands-on instruction. Tim Tebow is a two-time national football champion, Heisman Trophy winner, first-round NFL draft pick and a former professional baseball player who is also known for his extensive advocacy work to protect children through his namesake foundation. At the C2C User Summit, Tim Tebow will address his foundation's global fight against human trafficking. His participation complements Cellebrite's Operation Find Them All initiative, a landmark commitment to accelerating investigations of online crimes against children.

08:39 EDT Clean Energy Technologies signs MOU with Exergy International - Clean Energy Technologies has signed a Memorandum of Understanding, MOU, with Exergy International. This strategic partnership aims to drive growth in the field of heat recovery solutions by promoting, selling, and supporting Exergy's ORC systems across the Americas and potentially other global regions. The collaboration will expand Exergy's and CETY's Waste Heat to Power solutions throughout the Americas, enabling CETY to offer small to large-scale ORC systems for industries such as cement, steel, glass, oil & gas, utilities and for power generation from geothermal resources and biomass.

08:38 EDT Blade Air Mobility opens shareholder Q&A platform ahead of Q3 results - Blade Air Mobility announced the opening of the shareholder Q&A platform to be used for its upcoming conference call to discuss the financial results for the third quarter ended September 30, 2024. Blade will conduct the call at 8:00am ET on Tuesday, November 12, 2024. Starting today, any shareholder will be able to submit and upvote questions to management of the Company. To submit questions ahead of the conference call, please visit the Say platform here. Shareholders using brokers that are integrated with Say can also participate directly through their investing app or broker's website.

08:37 EDT McDonald's says recent E.coli cases 'deeply concerning' - Says "committed" to making things right. Says "swiftly removed" slivered onions from supply chain. Says "confident" in returning quarter pounders to menus. Says serving customers safely is "top priority." Says E.coli situation "appears to be been contained." Says "challenging backdrop" for QSR sector. Says performance in 2024 has "fallen short of expectations." Says company's value leadership gap has shrunk. Comments taken from Q3 earnings conference call.

08:36 EDT Critical Metals evolves development strategy for Tanbreez project - Critical Metals provided a project update for the Tanbreez Greenland Rare Earth Mine, one of the world's largest rare earth assets located in Southern Greenland. "The team continues to make remarkable strides at our rare earth project in Southern Greenland," said Tony Sage, CEO and Executive Chairman of Critical Metals Corp. "We have identified two new high-grade areas that were not previously recorded or factored into the development strategy, significantly enhancing the upside potential of this foundational asset. In addition, through our collaboration with the Greenland Government, we have secured a cost-effective power supply, enabling us to optimize our development strategy and create a more favorable project roadmap."

08:34 EDT Mallinckrodt presents data on Terlivaz in hepatorenal syndrome - Mallinckrodt announced a poster presentation on Terlivaz - terlipressin - for injection in patients with hepatorenal syndrome, or HRS, with rapid reduction in kidney function at the annual meeting of the American College of Gastroenterology in Philadelphia from October 25-30. Terlivaz is the first and only FDA-approved product indicated to improve kidney function in adults with HRS with rapid reduction in kidney function, an acute and life-threatening condition requiring hospitalization. The analysis showed real-world socio-demographics, hospital and clinical characteristics, treatment patterns, and clinical outcomes from a retrospective cohort of 125 patients hospitalized with HRS-AKI and treated with Terlivaz for two days or more. Terlivaz was used as the first-line treatment in one-fifth of cases, 20.8%. Among patients with available SCr data, HRS reversal, defined as the return of pre-treatment serum creatinine to less than or equal to1.5 mg/dL, was 47.6%. The limitations of this study include, but are not limited to, small sample sizes, variables in methodology and possible errors and omissions within the data sets.

08:33 EDT Mama's Creations appoints Chris Darling as Chief Commercial Officer - Mama's Creations announced the appointment of senior CPG sales and retail executive Chris Darling to the role of Chief Commercial Officer. Prior to joining Mama's Creations, he served on the Boar's Head executive leadership team leading national sales.

08:29 EDT Viant licenses Comscore data for training ViantAI - Viant Technology (DSP) announced an expanded integration with Comscore (SCOR), which will enable the use of its trusted audience data to train ViantAI, the world's first fully autonomous media buying platform. This integration will allow ViantAI to leverage Comscore's site ranking and audience reach data, alongside Viant's foundation of data, in the creation of media plans, offering advertisers and agencies the assurance of insights from a respected measurement and analytics partner. By utilizing data-driven insights, ViantAI enables users to create and optimize media plans with greater precision and effectiveness in a matter of seconds. ..This expanded collaboration with Comscore underscores Viant's commitment to equipping its clients with AI technology that provides reliable, actionable information to drive more effective media strategies, helping advertisers to navigate the complex and time-consuming media planning and execution processes.

08:26 EDT Crowdstrike announces new ISO 27001 Certification for products from past year - CrowdStrike announced it has received new ISO/IEC 27001:2022 certification for products made generally available in the past year, CrowdStrike Falcon Next-Gen SIEM, CrowdStrike Charlotte AI and CrowdStrike Falcon for IT, extending the list of certified modules and services on the CrowdStrike Falcon cybersecurity platform. This certification demonstrates CrowdStrike's ongoing dedication to protecting the security and privacy of customer and organizational data by meeting the most rigorous international standards..."Our latest ISO 27001 certification is a testament to our ongoing commitment to upholding the highest information security management standards," said Justin Acquaro, chief information officer, CrowdStrike. "As CrowdStrike continues to advance the industry's leading AI-native cybersecurity platform to stop evolving threats, customers can trust that we follow stringent practices and protocols to keep organizational information safe."...The ISO 27001 certification was awarded after an extensive audit process conducted by an independent, accredited certification body. It includes comprehensive assessments of CrowdStrike's policies, procedures and controls related to data management and security.

08:24 EDT Seanergy Marine issues statement on Court's dismissal of Economou's litigation - Seanergy Maritime issued the following statement regarding the decision by the High Court of the Republic of the Marshall Islands dismissing the litigation brought by Economou through his entity Sphinx Investment Corp., and with it Sphinx's motion for a temporary restraining order which sought to delay the Company's 2024 Annual Meeting of Shareholders. The Company issued the following statement: The Seanergy Board of Directors is pleased that the Court has dismissed the litigation that Economou brought against Seanergy and its Board members. We are moving forward with our regularly scheduled 2024 Annual Meeting. The Company and our shareholders are benefitting from the strategic actions that the Board and management team are taking, and they are poised to continue to do so through the cycle and beyond. Our Board strongly recommends that shareholders vote on the WHITE proxy card "FOR" Seanergy's nominees and "AGAINST" Economou's proposals.

08:23 EDT Immutep reports Q1 cash receipts from custmers $20,000 - The company said, "During the quarter, Immutep continued to advance its clinical trial programs for efti and preclinical program for IMP761 to create value for shareholders. The Company is well funded with a strong cash and cash equivalent balance as at 30 September 2024 of approximately A$120.3 million. In addition to this cash balance, Immutep has an A$52.0 million bank term deposit, which has been recognised as a short-term investment due to the maturity date of 5-12 months. This aggregate position of A$172.3 million as at 30 September 2024 gives Immutep an expected cash reach to the end of CY2026."

08:22 EDT American Oncology, Vantage Health partner to enhance access to AI care platform - American Oncology Network has partnered with Vantage Health Technologies to enhance access to and delivery of exceptional cancer care. Vantage's AI-enabled platform provides real-time health data for actionable insights and next-best-actions that can promote better patient experiences and outcomes, reduce provider burnout, and lower the cost of care. The platform also helps AON further enhance its Value-Based Care model in community oncology.

08:21 EDT PayPal assuming relatively consistent macro, consumer spending environment - PayPal is assuming a relatively consistent macro and consumer spending environment for the remainder of the year.

08:21 EDT Safe Harbor Financial originates $1.07M secured credit facility for operator - SHF Holdings has originated a $1.07 million secured credit facility for a Missouri-based cannabis operator, the first tranche of a $5 million commitment to refinance existing senior debt. The loan further solidifies Safe Harbor's position as a key partner for cannabis operators seeking competitive financial solutions in the rapidly evolving cannabis financial sector. The facility is secured by a portfolio that includes four retail dispensaries and a manufacturing facility in Missouri. The refinancing reduces the operator's borrowing costs and will enable them to optimize their operations within the state's growing cannabis market.

08:19 EDT Vast, GGS Energy partner to bring CSP-powered green methanol, SAF to U.S. - Vast Renewables announced it has signed a development services agreement with GGS Energy, a leading energy transition development company with deep project development experience, to pursue a commercial-scale synthetic fuels project in the Southwest United States. Project Bravo, Vast's first deployment in the U.S., will see Vast's CSP v3.0 technology used to generate carbon free heat and electricity to power a co-located refinery that will produce green methanol and/or electrically powered sustainable aviation fuel. The project is expected to be located in the Southwest United States

08:18 EDT Biogen appoints Quirk as Chief Medical Officer - Biogen (BIIB) has appointed Daniel Quirk, M.D., M.P.H., M.B.A. as Chief Medical Officer and Head of Medical Affairs, effective October 28, 2024. Dr. Quirk will report to Priya Singhal, M.D., M.P.H., Head of Development at Biogen. Prior to joining the Biogen team, Dr. Quirk was Senior Vice President of Worldwide Medical Affairs for Immunology and Neuroscience at Bristol-Myers Squibb (BMY).

08:16 EDT NexPoint Residential raises quarterly dividend 10.3% to 51c per share - NexPoint Residential Trust announced that its board of directors unanimously approved a dividend of 51c per share of NXRT common stock, payable on December 31 to stockholders of record on December 13. This represents an 10.3% increase over the previous quarter's dividend per share and an increase of 147.6% since inception in 2015.

08:16 EDT Pitney Bowes appoints Lance Rosenzweig permanent CEO, Milena Alberti-Perez chair - Pitney Bowes announced the appointment of Lance Rosenzweig as the company's permanent CEO, effective immediately. The company's board carried out a CEO search process that was supported by an executive recruiting firm and included both internal and external candidates. In addition, Pitney Bowes announced the following changes and enhancements to its board: the election of Milena Alberti-Perez as non-executive chair. Alberti-Perez previously held CFO roles, has served on the board since May 2023.

08:15 EDT Yoshitsu announces opening of new 'Reiwatakiya' store in Fashion Show Las Vegas - Yoshitsu announced the upcoming opening of a new store under its "Reiwatakiya" brand at Fashion Show Las Vegas. The Store is set to open in November 2024 at Fashion Show, a premier shopping, dining, and entertainment destination on the Las Vegas Strip. This move is expected to further strengthen the Company's presence in the U.S. market and enhance global brand recognition.

08:14 EDT Frontier Group narrows FY24 adjusted CASM view to down 1% from down 1%-3%

08:12 EDT PayPal CEO believes Venmo will ultimately have multiple monetization levers

08:12 EDT Frontier Group sees Q4 capacity down 2%-3% vs. last year - Sees Q4 average fuel price per gallon $2.40-$2.50. Adjusted total operating expenses excluding fuel are expected to be $725M-$745M, which includes an estimate of approximately $10M of cost inefficiencies from hurricane-related impacts and temporary excess crew-related costs due to capacity reductions. Adjusted pre-tax margin is expected to be 0%-2%, including storm-related impacts.

08:09 EDT Worksport announces significatn milestone in its B2B sales growth - Worksport announce a significant milestone in its business-to-business, B2B, sales growth, and the newly initiated pre-order campaign for its highly anticipated AL4 Premium Tonneau Cover. In the last four months, Worksport has impressively achieved over 200% growth in Dealer Account sales of its Worksport-branded products, with key dealers in most major areas across the USA and Canada. This exponential growth is attributed to the surging interest in high-quality, aggressively priced tonneau covers that meet the demands of today's market. Strategic Dealer Expansion with High Conversion Rates: Worksport has shipped hundreds of displays to key dealer accounts across the United States; These display units have generated an outstanding 31% conversion rate; strong dealer interest signals a substantial opportunity for continued sales growth

08:08 EDT IPG Photonics announces agreement to acquire CleanLASER - IPG Photonics announced that it has signed a definitive agreement to acquire Clean-Lasersysteme, cleanLASER, a leader in laser cleaning systems. The transaction strengthens IPG's global position in high-precision laser systems for cleaning applications, an attractive growth market. Subject to satisfaction of customary closing conditions, including regulatory approval, the transaction is expected to close in the fourth quarter of 2024.

08:05 EDT SolarBank to develop 7.2 MW solar project in New York - SolarBank plans to develop a 7.2 MW DC ground-mount solar power project known as the North Main project on a site located in Wyoming County, New York. The clean energy generated by community solar projects feeds directly into the local electricity grid. Depending on the size and number of panels a community solar project has, renters and homeowners can earn credits on their electric bill and save money from the electricity that is generated by a project. The Project is expected to be eligible for incentives under the New York State Energy Research and Development Authority NY-Sun Program. The development of any project is subject to receipt of interconnection approval, required permits, the continued availability of third-party financing arrangements for the company and the risks associated with the construction of a solar power project.

08:03 EDT PayPal CEO says actively discussing more collaborations across industry

08:02 EDT Qilian International to change name to 'BGM Group Ltd.,' effective October 30 - Qilian International is pleased to announce that effective on October 30, the company will change its name to "BGM Group Ltd." In connection with the name change, the trading symbol of the company's Class A ordinary shares has been changed to "BGM" on the Nasdaq Stock Market, effective on August 11, and the CUSIP number remains unchanged.

07:56 EDT Polaris Renewable Energy enters Equity Capital Contribution Agreement - Polaris Renewable Energy (RAMPF) has entered into an Equity Capital Contribution Agreement with respect to Punta Lima Wind Farm, a wholly owned subsidiary of Santander Bank (SAN). The project is an operating onshore wind farm called Punta Lima Wind Farm with a nameplate capacity of 26.0 MW's located in the Municipality of Naguabo, Puerto Rico. The Project was re-constructed and recommissioned by Santander and has a 20-year power purchase agreement in place with Puerto Rico Electric Power Authority terminating in March 2044. The transaction is being completed using a tax-equity structure which will result in Polaris becoming the manager and operator of the Project with a controlling equity interest and Santander retaining a tax equity interest in the Project. the transaction is subject to customary closing conditions, which principally consist of approval of the acquisition by local regulatory bodies as well as the execution of a corresponding LLC Agreement. It is expected that these conditions will take approximately 90 days to finalize. The total equity contribution of $20 million from Polaris will be subject to customary closing adjustments including working capital changes. Polaris intends to use cash on hand to fund the equity contribution. Santander Corporate & Investment Banking acted as sole financial advisor to Santander Bank

07:48 EDT Quantum retains services of Agoracom, ITG, Buyins and Stockjock - Quantum Biopharma has retained the services of Agoracom, Independent Trading Group, Buyins and Stockjock.com who which will each play a key role in assisting the Company to enhance its market awareness and foster productive, continuing dialogues with shareholders and other market participants. Management has made this decision following a thorough review of capital on hand and allocated these resources to the following companies it has engaged to conduct Investor Relations Activities on its behalf. Agoracom, based at 505 Consumers Rd, North York, Canada has been engaged for a period of 3 months with either party having the right to terminate the engagement upon providing 30-days notice. The cost of the engagement is $25,000 CAD. ITG will trade shares of the Company on the Canadian Securities Exchange to maintain an orderly market, improve the liquidity of the Company's shares and provide the company with market intelligence. Under the terms of the agreement, ITG will receive a fee of $7,500 CDN dollars per month for a minimum period of 3 months. After the initial 3 month period, the agreement may be terminated by the Company at any time upon 30 days written notice. The Company and ITG are unrelated entities. ITG has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and ITG will not receive shares or options as compensation. ITG is a member of the Investment Industry Regulatory Organization of Canada. Accordingly, ITG can access all Canadian Stock Exchanges and Alternative Trading Systems. Buyins based at 417 Orchid Avenue, Corona del Mar, CA has been engaged for a period of 1 month with either party having the right to terminate the engagement upon providing 10-days notice. The cost of the engagement is $15,000. Stockjock based at 22287 Mullholland Hwy., Calabasas, CA has been engaged for 3 events with either party having the right to terminate the engagement upon providing 10-days notice. The cost of the engagement is $15,000.

07:44 EDT ZenaTech to establish new company in Taiwan - ZenaTech announced it will establish a new company in Taiwan to manufacture drone sensors and components for use in the drone products produced by its subsidiary ZenaDrone. The new company, named Spider Vision Sensors Ltd., will ensure ZenaDrone's products are compliant with the US National Defense Authorization Act, NDAA, an important requirement for the company to win more business with the US Military. Spider Vision Sensors Ltd. will manufacture drone sensors, electronics, and components such LiDAR, thermal, infrared, multi-spectral and hyper sensors, cameras, and PBCs

07:43 EDT GlycoMimetics enters acquisition agreement with Crescent Biopharma - GlycoMimetics announced it has entered into an acquisition agreement with Crescent Biopharma, a privately held biotechnology company. Upon completion of the transaction, the company plans to operate under the name Crescent Biopharma. In support of the acquisition, a syndicate of investors led by Fairmount, Venrock Healthcare Capital Partners, BVF Partners, and a large investment management firm, with participation from Paradigm BioCapital, RTW Investments, Blackstone Multi-Asset Investing, Frazier Life Sciences, Commodore Capital, Perceptive Advisers, Deep Track Capital, Boxer Capital Management, Soleus, Logos Capital, Driehaus Capital Management, Braidwell LP, and Wellington Management, has committed $200M to purchase GlycoMimetics common stock and GlycoMimetics pre-funded warrants to purchase its common stock. The transaction is expected to close in the second quarter of 2025. The financing is expected to close immediately following the completion of the transaction. The company's cash balance at closing is anticipated to fund operations through 2027, including advancement of the company's lead program CR-001, a tetravalent PD-1 x VEGF bispecific antibody, through preliminary proof of concept clinical data in solid tumor patients expected in the second half of 2026. Crescent is the fifth company to launch with assets discovered and developed by Paragon Therapeutics. CR-001, a tetravalent PD-1 x VEGF bispecific antibody, matches the format and pharmacology of ivonescimab, which delivered efficacy compared to the current market leader pembrolizumab in a large third party Phase 3 trial. In addition to CR-001, Crescent is developing CR-002 and CR-003, antibody-drug conjugates (ADCs) against undisclosed targets using topoisomerase inhibitor payloads; ADCs with topoisomerase inhibitor payloads have shown improved efficacy and safety compared to ADCs with alternative payloads. The Company anticipates that the IND for CR-001 will be filed in 4Q25 or 1Q26, and interim Phase 1 data from patients is expected in 2H26. CR-002, Crescent's first ADC program is expected to initiate Phase 1 in 2026; the company plans to disclose the target for CR-002 as the program approaches the clinic. The company intends to determine potential paths forward for its late-stage clinical candidate, Uproleselan, including by supporting continued data analyses of Uproleselan from NCI, its corporate partner for China, Apollomics, and investigator-initiated studies. Under the terms of the acquisition agreement, the pre-acquisition GlycoMimetics stockholders are expected to own approximately 3.1% of the combined company and the pre-acquisition Crescent stockholders are expected to own approximately 96.9% of the company. The percentage of the company that GlycoMimetics's stockholders will own as of the closing of the acquisition is subject to adjustment based on the amount of GlycoMimetics's net cash at the closing date. The transaction has received approval by the board of directors of both companies and is expected to close in the second quarter of 2025, subject to certain closing conditions, including, among other things, approval by the stockholders of each company and the satisfaction of customary closing conditions. The company will be named Crescent Biopharma and be led by Jonathan Violin, Crescent's interim CEO who will be joined on Crescent's board of directors by Peter Harwin, Managing Member of Fairmount.

07:42 EDT Streamline Health adds Quality Module to third eValuator client - Streamline Health Solutions announced that it has expanded its relationship with a leading academic medical center in Florida to include the recently released eValuator Quality Module. Streamline expects that this module will increase the SaaS revenues from its eValuator relationship with this client by 20%. "We are thrilled to see our new eValuator Quality Module being adopted by leading healthcare organizations, and expect these expansions to continue," stated Ben Stilwill, President and Chief Executive Officer, Streamline. "By providing real-time insights into risk scoring and quality metrics, , we are empowering our clients to enhance patient care while ensuring accurate reimbursement."

07:41 EDT 23andMe appoints three new independent directors to board - 23andMe announced the appointments of Andre Fernandez, Jim Frankola, and Mark Jensen, three accomplished and experienced executives, as independent members of the Company's Board of Directors, effective on October 28, 2024. Each of Fernandez, Frankola, and Jensen have been appointed to serve as members of the Board's Audit Committee and Compensation Committee, with Fernandez serving as the Chair of the Audit Committee and Jensen serving as the Chair of the Compensation Committee. In addition, Jensen has been appointed to serve as the Board's Lead Independent Director. The Board will now consist of the three new independent directors and Anne Wojcicki, the Company's Chief Executive Officer, Co-Founder, and Chair of the Board.

07:40 EDT Ollie's Bargain Outlet acquires additional former Big Lots stores - Ollie's Bargain Outlet announced that it was the winning bidder in the latest bankruptcy sale process to acquire eight additional former Big Lots store leases. The eight stores were part of a bankruptcy auction for the second wave of Big Lots store closures, which included 170 stores. The acquisition of the eight additional store leases are subject to final bankruptcy court approval and customary closing conditions. Including these eight additional Big Lots locations, the Company has acquired a total of 15 former Big Lots store leases to date.

07:39 EDT Entree Resources provides update on Rio Tinto, OTLLC discussions - The Company has been engaged in discussions with Rio Tinto and OTLLC to finalize either the execution and delivery of the existing JV Agreement or conversion to an alternative agreement of equivalent economic value to govern their relationship during the development and mining stages. CEO Stephen Scott commented, "The commercial relationship between Entree and its JV partner is becoming more complicated as the Entree/Oyu Tolgoi JV property moves beyond the exploration stage. It is very important that we have certainty around the terms and conditions the parties will adhere to going forward. While Entree's preference has always been to achieve this contractual certainty through negotiation with OTLLC and Rio Tinto, we have had to look at other ways to ensure shareholder interests are protected, including arbitration". Key points in the discussions have been the transfer of the Shivee Tolgoi and Javhlant mining licenses to OTLLC, the treatment of taxes payable in Mongolia in connection with such license transfers, and ensuring there is an effective mechanism for Entree to fulfil any obligation under Mongolian law to share with the State up to 34% of Entree's economic benefit. Entree believes transfer of the licenses to OTLLC, as Manager and owner of an 80% participating interest in the Entree/Oyu Tolgoi JV, is necessary to maximize operational efficiencies and provide certainty with respect to taxes and royalties. Scott added, "Over the last couple of years, all parties have worked extremely diligently to achieve a commercial resolution that will benefit the Oyu Tolgoi project, the State of Mongolia and its people, and the JV partners and other stakeholders. The parties have identified a potential pathway forward, however, any definitive alternative agreement reached between the Company and OTLLC require the approval of the OTLLC board". Of the nine members of the OTLLC board, six are appointed by Rio Tinto and three are appointed by Erdenes Oyu Tolgoi. Given the importance of the Oyu Tolgoi project to the people of Mongolia, the Company understands OTLLC wants to ensure all board members are supportive before proceeding any further."

07:38 EDT Entree Resources commences underground development on Entree/Oyu Tolgoi - Entree Resources announcde first Oyu Tolgoi Lift 1 Panel 1 underground development work on the Entree/Oyu Tolgoi joint venture property has commenced. The work is included in the 2024 Oyu Tolgoi Mine Plan previously submitted to and approved by the Mineral Resources and Petroleum Authority of Mongolia. The work is limited as to scope, and the timing of any future development work in the Hugo North Extension deposit footprint is contingent upon the resolution of certain outstanding issues, including the transfer of the Shivee Tolgoi license to the Company's joint venture partner Oyu Tolgoi. The joint venture Management Committee approved a maximum of 212 metres of lateral development work in the southwest corner of HNE in line with the 2024 Oyu Tolgoi Mine Plan. The 2024 Development Work will be performed in accordance with the terms and conditions of the joint venture agreement appended to the amended 2004 Equity Participation and Earn-in Agreement. The 2024 Development Work is part of the initial Panel 1 western ore handling truck chute design which, when completed, will include extraction level tipple development, which connects the truck chute chamber on the haulage level, and the supporting ventilation loop with the return air level. As the 2024 Development Work is in rock classified as waste, no saleable minerals, concentrates, metals or other saleable mineral end product is expected to be produced. The joint venture Management Committee approved a US$4.4 million direct capital budget for the 2024 Development Work and confirmed OTLLC will charge Entree a sum equal to 2% of actual costs allocated to Entree in lieu of general and administrative expenses. OTLLC will contribute Entree's 20% share of actual costs and charges when they are incurred, with such contribution to be treated as a loan in accordance with Article 10 of the JV Agreement.

07:35 EDT U-Haul acquires 2 self-storage facilities in Baldwin County, Alabama - U-Hau is now serving customers at two new self-storage locations in southern Alabama. he former Wolf Bay Storage facilities in Robertsdale and Elberta were acquired on Oct. 22. The properties had served as U-Haul dealer locations for more than 20 years. "Baldwin County is one of the fastest growing counties in the U.S. and a favorite spot for vacationers," stated Chad Rome, U-Haul Company of South Alabama president. "This is a great opportunity for U-Haul to expand into new markets and serve more customers with our trusted moving and storage products."

07:31 EDT Hilco Global and TPG Angelo Gordon launch JV with Bluestar for consumer brands - Hilco Global or Hilco and TPG Angelo Gordon announced the formation of a new joint venture that will identify, acquire, and finance consumer brands and IP in partnership with Bluestar Alliance...In connection with the launch, the JV has completed a series of inaugural transactions, including: An approximately $190M investment in a securitization transaction established by BR Brand Management a subsidiary of B. Riley Financia financing certain brands managed, licensed, and co-owned by Bluestar, including Hurley, Justice, and Scotch & Soda, among others. A co-investment with Bluestar to acquire the international luxury streetwear brand, Off-White, from LVMH. Bluestar announced its initial acquisition of Off-White in September 2024. The acquisition of the assets and IP of the bebe and Brookstone brands from bebe stores, Since 2018, bebe stores, inc. has owned the intellectual property assets and Bluestar has managed the bebe and Brookstone brands. The JV will seek to continue to acquire or finance additional consumer brands and IP, alongside Bluestar. Ralph Gindi, Co-Founder and Chief Operating Officer of Bluestar, and Joseph Gabbay, Co-Founder and Chief Executive Officer of Bluestar said, "We're thrilled that Hilco Global and TPG Angelo Gordon will be new partners in many of our brands. TPG Angelo Gordon brings significant resources and expertise investing within the consumer sector, and Hilco has an impressive track record of successfully operating and investing in brands and other consumer assets globally. We are excited to partner with these blue-chip firms and leverage our combined expertise to identify and invest in future brand deal opportunities all over the world."

07:28 EDT NioCorp announces consortium awarded UK Government funding - NioCorp Developments (NB) announced that an industry consortium in which it is working with automakers, manufacturers, and supply chain leaders has been awarded funding by the UK Government to support an $8 million program to design lightweight aluminum alloys and cast automotive components made of recycled aluminum strengthened by scandium, which NioCorp intends to produce at its Elk Creek Critical Minerals Project in Nebraska. The collaborative, known as Project PIVOT, includes such companies as Aston Martin (ARGGY), Sarginsons, Altair (ALTR), GESCRAP, and Brunel University London. The Project's Steering Committee includes Jaguar Land Rover, Boeing UK (BA), Alcon Industries, Linamar (LIMAF), Shell Re-Charge, and others. The UK government funding, which totals approximately $3.8 million and will be supplemented by funds from project participants, was awarded by the Advanced Propulsion Centre UK following a competitive process. Project PIVOT is led by Coventry, UK-based aluminum foundry and engineering company Sarginsons and seeks to revolutionize the global casting industry through overhauling the design, weight, carbon intensity and production of cast aluminum, with a target of 100% recycled content.

07:19 EDT Correct: Boot Barn was not initiated at BTIG

07:15 EDT GlycoMimetics: NCI Phase 2/3 study of uproleselan did not meet primary endpoint - GlycoMimetics announced the Phase 2 analysis of the adaptive Phase 2/3 study of uproleselan being conducted by the National Cancer Institute and the Alliance for Clinical Trials in Oncology in adults with newly diagnosed acute myeloid leukemia who are 60 years or older and fit for intensive chemotherapy. This study did not show a statistically significant improvement in event free survival for patients receiving uproleselan in combination with 7+3 chemotherapy versus chemotherapy alone. GlycoMimetics is coordinating with the Alliance for transfer of full trial data for additional analysis, including subgroup analysis to evaluate if there are efficacy signals in any patient population that may merit further study in future clinical trials. Top-line results from NCI/Alliance trial are expected to be presented by the NCI at a future medical conference.

07:14 EDT Captivision announces venture at Dream Hollywood hotel - Captivision (CAPT) announced its first collaboration with the Dream Hollywood hotel in Los Angeles. Crescent Hotels & Resorts, a leading hotel management company, manages Dream Hollywood. The property is part of Hyatt's (H) global portfolio of hotels, under the Dream Hotels brand. "Joining forces with Dream Hollywood is a pivotal venture for our company in multiple respects," said Gary Garrabrant, Chairman and CEO of Captivision. "Captivision is quickly becoming a solution provider across the LED product spectrum generating entirely new revenue streams with valued partners and clients. We believe this collaboration will kickstart an exciting new chapter of growth for Captivision in the United States and globally."

07:13 EDT Atha Energy engages ICP Securities for automated market making services - ATHA has engaged the services of ICP Securities to provide automated market making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will be paid a monthly fee of C$7,500, plus applicable taxes, which will be payable within five business days of the receipt of an invoice from ICP by the Company, which will be provided on the first day of every month. The market making services agreement between the Company and ICP was dated effective October 15, 2024, and is for an initial term of three months. The Agreement will automatically renew for subsequent one month terms unless either party provides at least thirty days written notice prior to the end of the Initial Term or Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement of ICP by the Company. ICP and its clients may acquire an interest in the securities of the Company in the future. ICP is an arm's length party to the Company. ICP's market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company's shares. ICP will be responsible for the costs it incurs in buying and selling the Company's shares, and no third party will be providing funds or securities for the market making activities.

07:12 EDT Matador receives ~$113M from sale of Pinon Midstream - Enterprise Products Partners L.P. (EPD) announced that it had completed its acquisition of Pinon Midstream. Matador Resources (MTDR) announced it had received its share of the sales proceeds, or approximately $113M, for Matador's approximate 19% ownership interest in the parent company of Pinon. Joseph Wm. Foran, Matador's Founder, Chairman and CEO, commented, "Congratulations to the Enterprise team on a smooth and successful transaction. We were pleased to have acquired an approximate 19% ownership interest in the parent company of Pinon in connection with our recent Ameredev acquisition that closed in September 2024. We look forward to working with Enterprise going forward as we develop our assets in southern Lea County, New Mexico. We plan to use the approximate $113 million in sales proceeds to pay down our $980 million in current outstanding borrowings under our $2.25 billion credit facility."

07:11 EDT Atha Energy CFO Akash Patel resigns, Rheal Assie to succeed - ATHA Energy announced the appointment a new Non-Executive Director and a new CFO. Erinn Broshko has been appointed to its Board of Directors, effective immediately; and, Rheal Assie has been appointed as CDI, effective November 6, 2024. Broshko is currently the Managing Director of a Vancouver-based private equity firm. Assie worked for Deloitte for a number of years conducting audits on junior and major mining companies and providing advisory services to both the public, private and government sectors. He also worked for large mining companies including Agrium, Cameco, and as CFO & Corporate Secretary of NexGen Energy. ATHA also announces the resignations of Jeffrey Barber from the board of Directors of the Company as well as the resignation of Akash Patel as CFO, to be effective November 6, 2024. Each of Mr. Barber and Mr. Patel have agreed to provide consulting services to the Company for a period of time that provides for an orderly transition.

07:10 EDT PayPal down 2% at $81.61 following Q3 results and updated guidance

07:07 EDT Invivyd announces 12-month exploratory data from CANOPY Phase 3 trial - Invivyd announced positive 12-month exploratory clinical efficacy data from the company's ongoing CANOPY Phase 3 clinical trial of pemivibart, a half-life extended investigational monoclonal antibody, for the pre-exposure prophylaxis, PrEP, of COVID-19. The exploratory clinical efficacy data from follow-up months 7-12 in CANOPY Cohort B showed a relative risk reduction of 64% in the pemivibart arm compared to placebo in the likelihood of trial participants contracting confirmed symptomatic COVID-19. Continued protection over this follow-up period, absent continued dosing, was a prespecified exploratory endpoint and, added to initial 180-day clinical efficacy observations, generated an overall 12-month protection rate of 76% following two doses of pemivibart. The safety profile of pemivibart over the 12-month study period was reassuring with no new trends or safety signals observed for treatment-emergent adverse events or infusion-related reactions or hypersensitivity reactions since the disclosure of the 6-month CANOPY data.

07:06 EDT PayPal reports total payment volume up 9% - Reports Q3: Transaction margin dollars increased 8% to $3.7 billion; Total payment volume increased 9% to $422.6 billion; 9% FXN; Payment transactions increased 6% to 6.6 billion; Payment transactions per active account on a trailing 12-month basis increased 9% to 61.4; Active accounts increased 0.9% to 432 million. On a sequential basis, active accounts increased 0.6%, or by 2.6 million.

07:04 EDT Sagimet Biosciences completes End-of-Phase 2 meeting with FDA on denifanstat - Sagimet Biosciences announced the completion of end-of-Phase 2 interactions with the U.S. Food and Drug Administration, supporting the advancement of denifanstat into Phase 3 in metabolic-dysfunction associated steatohepatitis. The planned program will include two Phase 3 trials: FASCINATE-3, evaluating patients with F2/F3 MASH, and FASCINIT, evaluating patients with suspected or confirmed diagnosis of metabolic dysfunction-associated steatotic liver disease/MASH. The Phase 3 program is expected to initiate by the end of 2024. Based on ongoing discussions with the FDA, the planned Phase 3 program will consist of two double-blind, placebo-controlled multicenter registrational trials: FASCINATE-3 in patients with F2/F3 MASH: The trial will evaluate the efficacy and safety of denifanstat in this population, with primary endpoints being liver biopsy and 4.5-year clinical outcomes. FASCINIT in patients with suspected or confirmed diagnosis of MASLD/MASH: The trial will evaluate the efficacy and safety of denifanstat in this population, with primary endpoints being safety and tolerability. Non-invasive biomarkers will be assessed as part of the secondary endpoints, and there will be no end-of-treatment liver biopsy. The Phase 3 program is designed to comprise a minimum of 1,800 patients exposed to denifanstat.

07:03 EDT Graphic Packaging comments on Vision 2030 model, capital allocation priorities - The company said its Vision 2030 base financial model includes annual sales growth in the low single digits, annual adjusted EBITDA growth in mid-single digits, annual adjusted EPS growth in the high single digits. The base model includes sales of $8.8B, adjusted EBITDA of $1.7B, and $2.52B. Capital priorities include growing the dividend, repurchasing shares, and tuck-under M&A. Comments taken from Q3 earnings conference call presentation slides.

07:02 EDT McDonald's reports Q3 global comparable sales decreased 1.5% - Q3 U.S. SSS increased 0.3%; International Operated Markets segment decreased 2.1%; International Developmental Licensed Markets segment decreased 3.5%.

06:48 EDT MSCI raises 2024 CapEx view to $105M-$115M from $95M-$105M

06:35 EDT D.R. Horton raises quarterly dividend to 40c per share - Subsequent to year-end, the company declared a quarterly cash dividend of 40c per common share, an increase of 33% compared to its most recent dividend paid. The dividend is payable on November 19, 2024 to stockholders of record on November 12, 2024.

06:16 EDT Nokia signs patent license agreement with HP - Nokia (NOK) announced it has signed a multi-year patent license agreement with HP (HPQ) covering the use of Nokia's video technologies in HP's devices. Under the agreement HP will make royalty payments to Nokia. The agreement resolves all patent litigation between the parties, in all jurisdictions. The terms of the agreement remain confidential as agreed between the parties.

06:09 EDT Enterprise Products completes Phase 2 of TW Products system - Enterprise Products Partners announced that its refined products truck terminal serving the Grand Junction, Colorado and Moab, Utah areas is now in service, marking the completion of the second phase of the company's Texas Western Products system. Located in Grand County, Utah, the facility features storage capacity of 400,000 barrels for gasoline and diesel and can load trucks at a rate of up to 20,000 barrels per day. In addition, the terminal is strategically located with direct access to Interstate 70, allowing it to serve markets in both eastern Utah and western Colorado. The new terminal joins three other facilities that began service earlier in 2024, which are located in Gaines County, Texas and the Jal and Albuquerque areas in New Mexico. Combined, the four terminals offer 1.5M barrels of refined products storage capacity and can load up to 63,000 BPD.

06:06 EDT Ceco Environmental to acquire Profire Energy for $125M in cash - Ceco Environmental (CECO) and Profire Energy (PFIE) announced a definitive agreement where CECO will acquire Profire in an all-cash transaction. Profire is a leader in burner management technology and combustion control systems that provide mission-critical combustion automation and control solutions and services to improve environmental efficiency, safety and reliability for industrial thermal applications globally. Profire estimates its 2024 sales to be greater than $60M with adjusted EBITDA margins of approximately 20%. Under the terms of the agreement, a subsidiary of CECO will commence a tender offer to acquire all issued and outstanding shares of Profire common stock at a price of $2.55 per share, in cash, without interest and subject to applicable withholding tax. The tender offer will initially remain open for 20 business days from the date of commencement of the tender offer, subject to extension under certain circumstances. The transaction, which has been unanimously approved by Profire's Board of Directors, implies an equity value of approximately $125M and a total enterprise value for Profire of approximately $108M. Upon completion of the transaction, Profire will become a wholly-owned subsidiary of CECO and shares of Profire's common stock will no longer be listed on any public market. The parties anticipate that the combination will be completed in the first quarter of 2025.

05:57 EDT Microsoft says Google running 'shadow campaigns' in Europe to discredit it - Microsoft (MSFT) has accused Google (GOOGL) of running "shadow campaigns" to discredit it with regulators in Europe, including organizing an "astroturf group" with European cloud providers. Microsoft lawyer Rima Alaily wrote in a blog post that Google hired a firm to recruit European cloud companies to represent the search company's case. "This week an astroturf group organized by Google is launching," Alaily wrote. "It is designed to discredit Microsoft with competition authorities, and policymakers and mislead the public. Google has gone through great lengths to obfuscate its involvement, funding, and control, most notably by recruiting a handful of European cloud providers, to serve as the public face of the new organization." Alaily said Google's tactics "go beyond creating astroturf lobbying organizations. They're also speaking out in their own name in disingenuous ways and putting forward paid commentators to discredit us. Why? I suspect much has to do with the fact that Google is facing a reckoning. Never in the past two decades have Google's search, digital advertising, and mobile app store monopolies faced such a concerted and determined threat as they do today. By our count, there are at least 24 antitrust investigations against Google in the leading digital markets around the world. At a time when Google should be focused on addressing legitimate questions about its business, it is instead turning its vast resources towards tearing down others. It is disappointing that, with the foundation of their business facing jeopardy, they have sought to bolster their cloud computing service - Google Cloud Platform - by attacking ours. It seems Google has two ultimate goals in its astroturfing efforts: distract from the intense regulatory scrutiny Google is facing around the world by discrediting Microsoft and tilt the regulatory landscape in favor of its cloud services rather than competing on the merits... We will continue to listen and evolve when we hear credible, legitimate, and addressable concerns, but as Google continues to demonstrate with its actions, the arguments it wants you to believe are none of these." Reference Link

05:31 EDT BP sees FY24 upstream production slightly higher than FY23 - The company said, "bp continues to expect both reported and underlying upstream production* to be slightly higher compared with 2023. Within this, bp continues to expect underlying production from oil production & operations to be higher and production from gas & low carbon energy to be lower. In its customers business, bp continues to expect growth from convenience, including a full year contribution from TravelCenters of America; a stronger contribution from Castrol underpinned by volume growth in focus markets; and continued margin growth from bp pulse driven by higher energy sold. In addition, bp continues to expect fuels margins to remain sensitive to the cost of supply. In products, bp continues to expect a lower level of industry refining margins relative to 2023, with realized margins impacted by narrower North American heavy crude oil differentials. bp continues to expect refinery turnaround activity to have a lower financial impact compared to 2023, reflecting the lower margin environment. Phasing of turnaround activity in 2024 is heavily weighted towards the second half, with the highest impact in the fourth quarter. bp now expects other businesses & corporate underlying annual charge to be $0.3-0.4 billion for 2024. bp continues to expect the depreciation, depletion and amortization to be slightly higher than 2023. bp continues to expect the underlying ETR* for 2024 to be around 40% but it is sensitive to a range of factors, including the volatility of the price environment and its impact on the geographical mix of the group's profits and losses. bp continues to expect capital expenditure* for 2024 to be around $16 billion. bp now expects divestment and other proceeds to be greater than $3 billion in 2024. Having realized $19.2 billion of divestment and other proceeds since the second quarter of 2020, bp continues to expect to reach $25 billion of divestment and other proceeds between the second half of 2020 and 2025. During the fourth quarter, bp completed the transactions to acquire a further 50% of the issued ordinary shares of bp Bunge Bioenergia and 50.03% of the issued ordinary shares of Lightsource bp and now owns 100% of the ordinary shares of both companies. Full earnings from both companies will be included in bp's results from the date the transactions complete and finance debt acquired is expected to be approximately $3.7 billion. bp continues to expect Gulf of Mexico settlement payments for the year to be around $1.2 billion pre-tax including $1.1 billion pre-tax paid during the second quarter."

05:21 EDT DuPont, Zhen Ding Technology enter strategic cooperation agreement - DuPont and Zhen Ding Technology announced they have entered into a strategic cooperation agreement in advanced printed circuit board, or PCBs, technology. The signing ceremony, held yesterday at the Shenzhen Avary Time Center, was attended by Charles Shen, chairman, Zhen Ding; Yi Zhang, president of the Asia Pacific Region, DuPont; and Thean Ming Tan, global business director for laminates, DuPont. Through this strategic partnership, DuPont and Zhen Ding will work to enhance end-user applications, advance research and development, improve material performance, and promote the sustainable development of the electronics sector. Furthermore, they intend to deepen their cooperation in advancing smart manufacturing, corporate governance, and sustainability initiatives.

05:18 EDT HSBC announces new $3B share buyback program - HSBC said it completed the $3B share buyback announced at its interim results and intends to initiate a share buyback of up to $3B, which it expects to complete within the four-month period before its 2024 full-year results announcement.

05:12 EDT InterDigital enters license agreement with Oppo Group, ends pending litigations - InterDigital announced that it has signed a new license agreement with Oppo Group. The agreement covers Oppo, realme and OnePlus branded mobile devices worldwide. As part of the agreement, both parties have agreed to dismiss all pending litigations between them.

05:07 EDT Ericsson, MasOrange announce five-year Open RAN-ready future-network partnership - Ericsson and MasOrange are embarking on a five-year Open RAN-ready future-network partnership that will put the Spanish operator at the forefront of Europe's open and programmable networks. Under the deal, Ericsson will integrate Orange Spain's and Masmovil's existing networks. This will include supporting the consolidated MasOrange network through high-performing and sustainable network solutions designed for an increasingly open architecture. This approach enables greater flexibility, scalability, and innovation in network operations and service delivery. Starting in October, the project will run in parallel with the deployment of Ericsson-powered 5G Standalone in rural areas of Spain. When complete, the project will equip MasOrange with one of the most 5G Standalone mobile networks in Europe, enabling it to provide 5G services to subscribers throughout the country.