Stockwinners Market Radar for November 07, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MDT | Hot Stocks21:42 EST Medtronic, Ping An Health form strategic partnership at China CIIE - Ping An Healthcare and Technology Company Limited established a strategic partnership with Medtronic Management Co., Ltd. at the 7th China International Import Expoeld at the National Exhibition and Convention Center (Shanghai) on 6 November, 2024. Leveraging their respective strengths, the two companies will collaborate extensively on cardiac health, chronic disease therapies, and medical clinical training to drive continuous improvement in healthcare service.
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ASB | Hot Stocks21:37 EST Associated Banc-Corp cuts prime rate to 7.75% - Associated Banc announced it has decreased the bank's prime rate from 8.00% percent to 7.75% percent, effective November 8, 2024.
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AMZN | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 150.7K shares of Amazon.com today
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ABSI | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 94.4K shares of Absci today
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LIPO | Hot Stocks19:50 EST Lipella Pharmaceuticals Inc trading halted, news pending
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XHG | Hot Stocks19:50 EST XChange TEC.INC (ADR) trading halted, news pending
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FLYW | Hot Stocks19:41 EST Flywire reports Q3 total payments volume up 24.2% - Total Payment Volume increased 24.2% to $11.0B in the third quarter of 2024, compared to $8.9B in the third quarter of 2023. Adjusted EBITDA increased to $42.2M in the third quarter of 2024, compared to $27.5M in the third quarter of 2023.
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WBS | Hot Stocks18:58 EST Webster Financial lowers prime lending rate to 7.75% - Webster Financial announced that it has lowered its prime lending rate to 7.75% from 8.00%, effective November 8, 2024.
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GOOGL | Hot Stocks18:56 EST Alphabet director sells $3.46M in common stock - In a regulatory filing, Alphabet disclosed that its director Ram Shriram sold 19.5K shares of common stock on November 7th in a total transaction size of $3.46M.
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SKYW | Hot Stocks18:53 EST SkyWest CFO sells $1.73M in common stock - In a regulatory filing, SkyWest disclosed that its CFO Robert Simmons sold 16.5K shares of common stock on November 5th in a total transaction size of $1.73M.
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PRFX | Hot Stocks18:49 EST PainReform receives noncompliance notification from Nasdaq - PainReform announced that it has received a notification from Nasdaq advising the company that it no longer satisfied the minimum $2.5M stockholders' equity requirement for continued listing on Nasdaq set forth in Nasdaq Listing Rule 5550(b)(1) or, alternatively, the requirement that the company either maintain a market value of listed securities of at least $35M or generate net income from continuing operations of $500,000 in the most recently completed fiscal year or two of the last three most recently completed fiscal years.
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CTKB | Hot Stocks18:48 EST Cytek Biosciences introduces ESP Detection Option for Cytek Aurora - Cytek Biosciences has introduced an Enhanced Small Particle, or ESP, Detection Option for its Cytek Aurora CS system. This is the first commercially available small particle detector on a cell sorter and offers a significant advancement for rapidly evolving research fields, including in drug delivery, cell therapy, disease diagnostics, circulating tumor cells, regenerative medicine, and vaccine delivery. Researchers can now achieve downstream analysis of materials that were previously unable to be sorted, opening new possibilities for breakthroughs in these areas.
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NGS ALG | Hot Stocks18:46 EST Natural Gas Services names Ian Eckert CFO - Natural Gas Services (NGS) announced that Ian Eckert will join the company's executive leadership team as its new CFO no later than January 6, 2025. John Bittner, NGS's current interim CFO, will continue in that role until Eckert's start date and then provide transition services thereafter. Since June 2023, Eckert has been employed at Alamo Group (ALG).
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WFRD | Hot Stocks18:44 EST Weatherford awarded three-year contract - Weatherford announced that it has been awarded a three-year contract for the provision of rigless services as part of the reactivation of ADNOC onshore strings. The project is slated to begin in the fourth quarter of 2024, where Weatherford is expected to deploy multiple intervention solutions, advancing the operational efficiency and reliability of ADNOC's onshore assets.
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KTOS | Hot Stocks18:42 EST Kratos Defense announces Zeus 1, Zeus 2 SRMs complete first flight - Kratos Defense announced that its Zeus 1 and Zeus 2 Solid Rocket Motors, or SRMs, completed their first flight on October 24, from the NASA Wallops Flight Facility in Virginia. This milestone launch provides the qualifications necessary to transition the Zeus SRMs to test programs supporting the U.S. Department of Defense, Foreign Allies, NASA, and commercial launch sponsors.
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VMAR | Hot Stocks18:42 EST Vision Marine Technologies regains Nasdaq compliance - Vision Marine Technologies is pleased to announce that the company received a compliance notice from the Nasdaq Hearing Panel informing the company that it has regained compliance with the bid price requirement under Nasdaq Listing Rule 5550(a)(2). This compliance fulfils the requirements outlined by the Panel in its decision dated October 3.
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JFBR | Hot Stocks18:40 EST Jeffs' Brands to sell Smart Repair Pro for $13.13M - Jeffs' Brands initiated steps for a strategic expansion with the execution of a non-binding Letter of Intent, or LOI, to sell its U.S. subsidiary, Smart Repair Pro. The proposed sale, valued at approximately $13.13M, will transfer Smart Repair Pro to a U.S. public company traded on the OTC pink sheets. Jeffs' Brands has entered into an LOI under which it will transfer all shares of Smart Repair Pro to the acquiring company. In exchange, Jeffs' Brands will receive 75% of the acquiring company's issued and outstanding shares as the base payment upon closing of the transaction. Additionally, upon meeting certain milestones, including an uplisting of the acquiring company to a national U.S. exchange within three years of closing, Jeffs' Brands will be granted an additional 15% equity stake as a deferred payment. The transaction reflects an initial valuation of approximately $1.5M for the acquiring company, taking into account the completion of the deferred payment and contingent on cash holdings of at least $750,000. The transaction is expected to close by December 31, subject to the successful completion of due diligence by both parties, the execution of binding definitive agreements with respect to the transaction, which shall include customary closing conditions, and compliance with any regulatory approvals. There is no guarantee when or if the transaction will be completed.
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LTRX | Hot Stocks18:38 EST Lantronix to acquire NetComm Wireless enterprise IoT portfolio for $6.5M - Lantronix announced that it has signed a definitive agreement to acquire from NetComm Wireless, a subsidiary of DZS, Inc., all of the assets of its enterprise Internet of Things business for $6.5M in cash together with assumptions of certain liabilities. The closing of the acquisition is subject to certain conditions. Lantronix believes that the transaction will close during the second quarter of fiscal 2025. Lantronix expects the acquisition to be accretive upon closing and will accelerate the company's strategic focus on innovative Industrial IoT solutions at scale. By integrating this new IoT portfolio, Lantronix will enhance its connectivity solutions in mission-critical areas, such as critical infrastructure, asset monitoring and telecommunications.
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ELTX | Hot Stocks18:35 EST Elicio Therapeutics presents updated preliminary results from AMPLIFY-7P - Elicio Therapeutics presented updated preliminary results from the ongoing AMPLIFY-7P Phase 1 clinical trial of ELI-002, an Amphiphile cancer vaccine that targets KRAS-mutant tumors at the Society for Immunotherapy of Cancer 2024 Annual Meeting. The poster presentation includes updated translational data highlighting the relationship between vaccine immunogenicity and DFS. The AMPLIFY-7P study is evaluating ELI-002 in patients with mKRAS-driven solid tumors following standard locoregional treatment and who remain at risk of disease recurrence. The randomized Phase 2 portion of AMPLIFY-7P in patients with pancreatic cancer is ongoing, with enrollment expected to be completed in Q4 2024. ELI-002 immunogenicity was based on a longitudinal ex vivo analysis of peripheral T cells collected from a total of 12 evaluable patients who received either a 1.4 mg dose or the recommended Phase 2 dose of 4.9 mg, with a September 11, 2024 cutoff date. Key observations include: mKRAS-specific T cell responses versus baseline were observed in all evaluable patients; median response in 4.9 mg group was 12-fold higher than the 1.4 mg dose group T cell specificities covered all seven KRAS mutants targeted by ELI-002; strongest responses observed were against the most common variants, including KRAS G12R, G12D, and G12V. Induced mKRAS-specific T cells were fully functional and capable of secreting both granzyme B and perforin Magnitude of T cell response correlated with duration of DFS, based on a May 23, 2024 cutoff date; highest three quartiles of T cell responders have not yet reached mDFS, whereas the lowest quartile achieved a mDFS of 3.1 months (p=0.0027) T cell responses against mKRAS antigens were shown to be durable, extending up to 1.5 years Antigen spreading detected in 100% of RP2D-treated patients (n=6), with T cell responses observed against 67.5% of tested neoantigens identified from patient-specific mutanomes-suggesting ELI-002-induced tumor immunosurveillance to personalized tumor neoantigens beyond mKRAS As of a May 23, 2024 safety data cutoff, ELI-002 remains safe and well-tolerated, with no dose-limiting toxicities or cytokine release syndrome observed
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AMC | Hot Stocks18:34 EST AMC Entertainment announces Go Plan to invest up to $1.5B - AMC Entertainment announced AMC's Go Plan, through which AMC expects to invest between $1B and $1.5B over the next four to seven years, enhancing its locations in the United States and Europe. With AMC's Go Plan, AMC will provide guests with a greater selection of premium experiences, immersive sight & sound enhancements, more comfortable seating and upgraded theatres, as well as other initiatives. In addition to recent and current renovations at AMC flagship locations like AMC Lincoln Square 13 & AMC Empire 25 in New York, and AMC Burbank 16 in Los Angeles, AMC has a list of theatres that could receive significant seating and other upgrades as part of AMC's Go Plan. Similarly, for ODEON Cinemas in Europe, there are opportunities to develop a meaningful number of additional Luxe Cinemas, especially in the UK. Through AMC's Go Plan, AMC expects to expand its premium large format and extra-large format offerings, as well as expand the number of Laser at AMC auditoriums. The timing and extent of AMC's Go plan will be calibrated according to the box office recovery trajectory and AMC's available capital, liquidity levels, and leverage ratios.
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COLL AMGN | Hot Stocks18:33 EST Collegium Pharmaceutical appoints Vikram Karnani as CEO - Collegium Pharmaceutical (COLL) announced that Vikram Karnani has been appointed as president and CEO of Collegium and will join its board of directors effective November 12. Michael Heffernan, who has served as interim president and CEO since May, will remain chairman of the board. Vikram Karnani most recently served as EVP and president, global commercial operations and medical affairs at Amgen (AMGN).
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NTRS | Hot Stocks17:31 EST Northern Trust cuts prime rate to 7.75% - Northern Trust has decreased its prime rate from 8.00% to 7.75%, effective Friday, November 8, 2024.
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USB | Hot Stocks17:31 EST U.S. Bancorp cuts prime lending rate to 7.75% from 8%, effective November 8 - U.S. Bancorp announced it has decreased its prime lending rate to 7.75% from 8.00%, effective November 8, at all U.S. Bank locations.
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TRIN | Hot Stocks17:27 EST Trinity Capital authorizes stock repurchase program - Trinity Capital has authorized a program for the purpose of repurchasing up to $30M worth of the company's common stock. Unless amended or extended, the company expects the repurchase program to be in place until the earlier of November 7, 2025, or until $30M of Trinity's outstanding shares of common stock have been repurchased.
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COF | Hot Stocks17:26 EST Capital One exec Raghu sells 24,786 common shares - In a regulatory filing, Capital One executive Ravi Raghu disclosed the sale of 24,786 common shares of the company on November 5 at a price of $165 per share.
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QDEL | Hot Stocks17:22 EST QuidelOrtho sees cost-savings of at least $50M in 2H24 - Sees 2H and FY24 positive adjusted free cash flow to exceed 50% of adjusted EBITDA, including full year interest expense of $160M-$165M and CapEx of ~$170M, excluding reagent rentals.
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QDEL | Hot Stocks17:18 EST QuidelOrtho sees Q4 OpEx 'relatively flat' vs. Q3 - Sees positive free cash flow in Q4. Says first capital allocation priority is to pay down debt.
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QDEL | Hot Stocks17:13 EST QuidelOrtho says China continues to be a 'complex market' - Sees "more potential upside than risk" in China.
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ADEA DIS | Hot Stocks17:12 EST Adeia initiates patent infringement litigation against Disney - Adeia (ADEA) announced today that it has filed multiple patent infringement lawsuits in the United States and Europe against The Walt Disney Company (DIS) and certain of its subsidiaries, including Hulu and ESPN. The company filed one lawsuit in the U.S. District Court for the District of Delaware and three lawsuits in Europe, including two in the Unified Patent Court and one in Germany. "We always prefer to reach a mutually agreeable resolution without litigation as we have done with the vast majority of our customers, however we were left with no choice but to defend our intellectual property from Disney's unauthorized use," said Paul Davis, CEO of Adeia. "We strongly believe these actions are in the best interests of the company, our shareholders and our customers. While we remain willing to negotiate a resolution that fairly compensates Adeia for our valuable intellectual property, we are also fully prepared to proceed through the entirety of the legal process to protect our rights, and we remain confident in our ability to achieve a positive outcome." In its filings, Adeia alleges the Disney defendants infringe nine patents from Adeia's media intellectual property portfolio - six patents in the United States and three in Europe. The patents at issue relate to various aspects of media streaming and content delivery technology.Over the past four decades, Adeia and its predecessor companies have continuously invested in research and development, resulting in one of the world's largest IP portfolios comprised of more than 11,750 worldwide patent assets.
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RNG VRNT | Hot Stocks17:10 EST RingCentral, Verint announce strategic partnership - RingCentral (RNG) and Verint (VRNT) announced a strategic partnership to provide RingCX customers access to best-in-class workforce engagement management and CX automation. Through this partnership, RingCX customers will have more choice and be able to leverage Verint's leading WEM and CX automation solutions, which complement RingCentral's native AI capabilities, to enhance employee productivity and improve customer experiences, ultimately driving competitive advantage and operational efficiency. "We've seen strong traction in all segments of the market, and to further enhance the value proposition of RingCX in the mid and enterprise segments, we see integration with Verint as a key component of delivering a complete customer experience platform," said Vlad Shmunis, founder, chairman, and CEO of RingCentral. "We will now be able to offer our RingCX customers integration with industry-leading WEM and CX automation solutions from Verint. As the landscape of customer engagement solutions rapidly evolves, we remain committed to equipping our customers with cutting-edge, AI-powered solutions that not only enhance support and increase productivity, but also significantly reduce costs."
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RNG | Hot Stocks17:10 EST RingCentral names Abhey Lamba CFO - RingCentral announced that Abhey Lamba has been appointed Chief Financial Officer and will join in his new role in the coming weeks. Lamba will be responsible for all the Company's financial functions, including financial planning, controllership, tax, treasury, corporate development and investor relations. Vlad Shmunis, Founder, Chairman and CEO of RingCentral, said, "Abhey brings an exceptional combination of skills to the CFO role at RingCentral. He has a strong track record of driving growth and profitability at the world's premier technology companies, working with leading AI technologies, and he brings a unique perspective having covered public companies on Wall Street as a sell-side analyst. On top of that, he understands the importance of product development, having begun his career as a software engineer, and shares our passion for innovation. We look forward to having him on our leadership team where together we will continue to drive profitable growth and margin expansion."
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QDEL | Hot Stocks17:09 EST QuidelOrtho says 'solid progress' executing business improvement initiatives - Says structuring the company as a "leaner, flatter organization." In "early phases" of cost improvement initiates which should improve margins in 2025. Comments taken from Q3 earnings conference call.
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PNC | Hot Stocks17:09 EST PNC Bank cuts prime rate to 7.75%, effective November 8 - PNC Bank, N.A. announced a decrease in its prime lending rate. The new rate of 7.75% is effective November 8.
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OVV | Hot Stocks17:09 EST Ovintiv raises 2024 total production view to 583-587 MBOE/d from 570-580 MBOE/d - Sees 2024 CapEx $2.28B-$2.33B.
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OVV | Hot Stocks17:08 EST Ovintiv sees Q4 total production 575-595 MBOE/d
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U | Hot Stocks17:07 EST Unity names Jarrod Yahes CFO - Unity announced that Jarrod Yahes will join as SVP, Chief Financial Officer on January 1, 2025. His appointment comes on the heels of last week's hiring of Steve Collins, ex-CTO of King and Havok co-founder, as Unity's new Chief Technology Officer. Jarrod Yahes joins Unity from Shutterstock, where he has served as CFO for the past five years. He helped drive the company's portfolio expansion into 3D content, data monetization, and digital advertising while emphasizing revenue growth and profitability. Prior to Shutterstock, Jarrod was the CFO of Zeta Global, a marketing technology company. "We are thrilled to welcome Jarrod to Unity. His blend of operational rigor and growth orientation will be instrumental for Unity's next stage," said Matt Bromberg, CEO and President of Unity. "We've now solidified the leadership team that will drive Unity towards greater operational discipline, accelerated product innovation, and deeper relationships with our customers and the community."
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FYBR VZ | Hot Stocks17:06 EST Frontier says it disagrees with ISS, Glass Lewis recommendations - Frontier Communications Parent (FYBR) issued the following statement in response to reports published by ISS on November 1 and Glass Lewis on November 6 regarding its proposed transaction with Verizon (VZ): "Frontier disagrees with ISS' and Glass Lewis' recommendation to "Abstain" from voting on the transaction. Frontier's Board of Directors believes that Verizon's all-cash offer of $38.50 per share is highly attractive and creates significant, certain value for stockholders, reflecting a 37% premium to Frontier's pre-announcement price and an even more significant premium to all other measures of Frontier's historical stock performance. This outcome was the result of an exhaustive and competitive process that drove a 17% to 28% improvement in value from Verizon's initial bid range, a significant premium to the only other bidder, and a 60% premium to Frontier's share price on February 2, 2024, the last trading day prior to the Frontier's Board and management team's announcement of a formal and comprehensive review process of all opportunities to unlock shareholder value. Following this process, the Strategic Review Committee and Board unanimously and unequivocally believe the Verizon transaction is in the best interest of stockholders. The proposed transaction presents superior value over all other potential paths, including Frontier's standalone plan, offers value certainty at a significant premium and insulates stockholders from potential downside. Since the announcement of the transaction, Frontier has been in close communication with Verizon and has received every indication that there will be no change to the merger consideration. An abstention from voting is effectively a vote against the deal. If the transaction is voted down by Frontier stockholders at the special meeting, the merger agreement may be terminated immediately by either Verizon or Frontier without penalty. If Frontier stockholders decline to approve the proposed transaction on November 13, Frontier will return its full attention to its standalone plan. The Board continues to recommend that stockholders vote "FOR" the proposed transaction at Frontier's special meeting on November 13, 2024."
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WPM | Hot Stocks17:04 EST Wheaton Precious Metals still sees 2024 production 550K-620K gold eq. oz. - Still expects 2024 production of 325K-370K gold oz., 18.5M-20.5M silver oz., and 12K-15K GEOs of other metals.
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HBAN | Hot Stocks17:03 EST Huntington Bancshares cuts prime rate to 7.75% from 8%, effective November 8
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OLO | Hot Stocks17:01 EST Olo, ezCater deepen partnership with new integration - Olo will launch a new menu integration with ezCater, the #1 food tech platform for workplaces in the US, to simplify catering menu management. As the newest addition to Olo and ezCater's long-standing partnership, the integration will automate menu updates across both tech platforms, saving restaurants valuable time by reducing the need for manual updates.
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ACHR | Hot Stocks17:00 EST Archer Aviation reports Q3 adjusted EBITDA ($93.5M) - Manufacturing facility set for completion in the coming weeks, focus going into 2025 is on building piloted, type-design aircraft for use in testing and early commercial deployment. Commenting on third quarter 2024 results, Adam Goldstein, Archer's founder and CEO said: "Over the past six years, we have established the foundation to allow Archer to seamlessly transition from concept to commercialization. As we enter the final stretch of bringing Midnight to market, our strategy is paying off in the form of strong certification progress, the eVTOL industry's most mature scalable manufacturing facility in the U.S. and launch plans that are solidifying in the U.S and abroad. We believe we are in the strongest position in the industry to lead the transition to commercialization."
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VCSA | Hot Stocks17:00 EST Vacasa says still do not anticipate reaching EBITDA profitability this year
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CPRI TPR | Hot Stocks16:58 EST Capri not providing financial guidance due to transaction with Tapestry - As previously stated, given the proposed merger transaction with a wholly owned subsidiary of Tapestry (TPR) and the pending appeal of the District Court's decision to grant the FTC's motion for a preliminary injunction with regards to the transaction, Capri (CPRI) is not providing financial guidance or hosting a conference call.
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DANOY LWAY | Hot Stocks16:56 EST Edward, Ludmila Smolyansky support Danone bid to acquire Lifeway Foods - On September 23, Danone (DANOY) proposed to acquire Lifeway Foods (LWAY) in a transaction valued at approximately $283M, offering $25 per share in cash. However, on November 6, the Lifeway Foods Board of Directors rejected the offer, instead adopting a "poison pill" limited shareholder rights plan. Edward and Ludmila Smolyansky, significant shareholders and members of Lifeway Foods' founding family, released the following statement in response: "For nearly four decades, we have fostered Lifeway's growth with careful attention to what is best for the company's future. Today, we strongly support Danone's offer, which represents a substantial premium over Lifeway's recent share price and reflects their confidence in the growing U.S. kefir market - a category we helped build from the ground up. As we approach one of most significant and closely watched earnings releases in Lifeway's history, we remain optimistic about the company's potential and believe that Danone's proposal presents a unique opportunity to enhance value for all shareholders. We encourage the Lifeway board to carefully and in good faith reconsider Danone's offer and seize this opportunity to deliver lasting value to shareholders, employees, and consumers. CEO Julie Smolyansky and the board need to focus on the tangible, lucrative offer in front of them, not on futile distractions that waste valuable time and resources. The longer they wait, the more money they will leave on the table, to the detriment of all."
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INVE | Hot Stocks16:54 EST Identiv announces $10M stock buyback, proposes governance enhancements - Identiv announced that its Board of Directors has authorized a stock repurchase program for up to $10 million of its common stock. The Company also announced its Board of Directors intends to propose changes to the Company's corporate governance policies in advance of the 2025 annual meeting of stockholders. Under the stock repurchase program, shares may be purchased through various means, including open market purchases, through privately negotiated transactions or otherwise. The duration of the repurchase program is open-ended. The timing and amount of any repurchase of common stock will depend on a number of factors, including stock price, trading volume, and general market conditions, along with Identiv's working capital requirements, general business conditions and other factors. The repurchase program may be suspended or discontinued at any time without notice. In addition, to better align with Identiv's new strategic direction and the interests of its stockholders, the Board plans to recommend several updates to the Company's corporate governance policies and procedures in advance of Identiv's 2025 annual meeting of stockholders. The Board intends to recommend the following changes: Solicit stockholder approval to eliminate the Company's classified Board structure; Consider the resignation of any director who does not receive a majority vote in uncontested elections. In addition, the Board has amended the Company's stock incentive plan to eliminate the ability to reprice options. In conjunction with these proposals, the Board is actively recruiting director candidates with deep, complementary expertise to help guide Identiv through its business transition.
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KEY | Hot Stocks16:54 EST KeyCorp lowers prime lending rate to 7.75% from 8%, effective November 8
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SERV | Hot Stocks16:53 EST Serve Robotics to acquire assets of Vebu in all-stock transaction, no terms - Serve Robotics announced its agreement to acquire the assets of Vebu, a "trailblazer" in full-stack automation and robotics solutions for restaurant partners. Financial terms of the all-stock transaction were not disclosed. The acquisition strengthens Serve's strategic positioning by providing its restaurant partners with a suite of automation solutions and expanding Serve's offering beyond delivery into back of house automation. Vebu will help Serve become a more integral partner to restaurants, accelerating partner adoption as Serve expands its geographic footprint in new cities across the U.S.
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DVAX | Hot Stocks16:51 EST Dynavax announces $200M share repurchase program - Dynavax Technologies announced its Board of Directors has authorized the repurchase of up to $200M of the company's common stock. The share repurchase program does not have an expiration date and Dynavax currently expects that purchases will be executed within a period of up to one year.
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EXPE | Hot Stocks16:49 EST Expedia sees FY24 adjusted EBITDA slightly up versus last year - Sees FY24 revenue growth view 6% y/y. Sees FY24 gross bookings growth roughly 5% from 4%. Says international demand stronger in Q3. Says continuing to expand leadership in B2B. Guidance and comments taken from Q3 earnings conference call.
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SAND | Hot Stocks16:49 EST Sandstorm Gold sees 70,000-75,000 gold equivalent ounces for 2024 - Based on the company's existing streams and royalties and the year-to-date outperformance of gold prices relative to other commodities, attributable gold equivalent ounces for 2024 are forecasted to be between 70,000 and 75,000 ounces. The company's production forecast is expected to reach approximately 125,000 attributable gold equivalent ounces within the next five years, based solely on streams and royalties that the company has bought and paid for.
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SQ | Hot Stocks16:46 EST Block says on track to outperform FY24 operating income outlook - The company states: "When we began the year, our initial guidance for 2024 in February called for gross profit of $8.65 billion and Adjusted Operating Income of $1.15 billion, translating into at least Rule of 29 on a Rule of 40 basis. As we contemplate our updated full-year guidance, we expect to outperform this initial guidance across gross profit and Adjusted Operating Income by $240 million and $410 million, respectively, and our updated guidance implies achieving Rule of 36 for full-year 2024. We are currently on track to deliver mid-teens gross profit growth with expanding margins, and we expect to reach our Rule of 40 target in 2026."
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TASK | Hot Stocks16:43 EST TaskUs up 7% at $16.64 after Q3 earnings beat and guidance
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PBYI | Hot Stocks16:37 EST Puma Biotechnology sees Q4 net product revenue $46M-$48M
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RIVN | Hot Stocks16:35 EST Rivian Automotive up 3% at $10.35 after Q3 results
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RIVN | Hot Stocks16:35 EST Rivian Automotive affirms 2024 delivery outlook of 50.5-52.0K vehicles
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RIVN | Hot Stocks16:34 EST Rivian Automotive enters into strategic supply agreement with LG Energy - Rivian is announcing a strategic supply agreement with LG Energy Solution to power its next-generation midsize electric vehicle platform, underpinning the company's R2 midsize SUV. Under the terms of the agreement, LGES will supply 4695 cylindrical battery cells to Rivian for its midsize platform. Within the first year of production, the batteries are expected to be manufactured at LGES' Queen Creek, Arizona plant, aligning with Rivian's focus on U.S. domestic manufacturing and IRA compliance.
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TEM | Hot Stocks16:33 EST Tempus AI reports clinical launch of IPS algorithmic test - Tempus AI announced the clinical launch of its Immune Profile Score (IPS) algorithmic test. IPS, which is now available for clinicians to order, is a multimodal biomarker that can be used as a prognostic indicator for adult patients with stage IV and metastatic pan-solid tumors who are already considered candidates for immune checkpoint inhibitor (ICI)-based therapy. Tempus is presenting the results of its validation study at the 2024 Society for Immunotherapy of Cancer (SITC) Annual Meeting, which demonstrated that IPS-High patients in the study were more likely to have an overall survival benefit while receiving ICI-based therapy than IPS-Low patients in the study. Tempus validated IPS in a retrospective study involving 1,600 metastatic and/or stage IV adult patients with 19 different solid tumor types from the company's real-world de-identified database. The study also demonstrated that IPS has prognostic utility that is independent of tumor mutational burden (TMB), PD-L1 immunohistochemistry (IHC), and microsatellite instability (MSI) status in the study cohort. Tempus' IPS is a laboratory developed test that assesses a combination of immunotherapy-related biomarkers from DNA and RNA test results to calculate a score from 0-100 and a classification of either IPS-Low or IPS-High. IPS is a unique biomarker that, in addition to being used in clinical practice, is available for life science research to help facilitate the expansion of indications for ICI therapies in order to enhance patient selection and treatment outcomes. "This is Tempus' first time leveraging a multimodal algorithm in the immunotherapy space, and we look forward to providing clinicians the ability to use our IPS test to garner data-driven insights that can inform important treatment decisions," said Ezra Cohen, MD, Chief Medical Officer of Oncology at Tempus. "We are excited to introduce this innovative test to clinicians, empowering them with the ability to make more informed choices for their patients while simultaneously moving the field forward in meaningful ways."
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INSE | Hot Stocks16:33 EST Inspired Entertainment names James Richardson as new CFO - Inspired Entertainment appointed James Richardson as its new Chief Financial Officer, effective January 1, 2025. The company said, "James Richardson to the Inspired Entertainment team. James's extensive background in financial management and his proven track record of driving growth and operational excellence make him an ideal fit for our company as we continue to execute our strategic initiatives and deliver value to our shareholders."
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NRG... | Hot Stocks16:32 EST NRG, Renew Home, Google Cloud announce partnership - NRG Energy (NRG) announced it is partnering with Renew Home, a leading virtual power plant company to boost its residential VPP capabilities. Together, NRG and Renew Home aim to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 and create a nearly 1 GW AI-powered VPP - enabled by Google Cloud (GOOG) technology - to improve the Texas grid's resiliency and help households manage and lower their energy costs. "This marks a pivotal step forward in our efforts to deliver more value and an enhanced experience to customers while empowering them with our virtual power plant capabilities," said Rasesh Patel, President, NRG Consumer. "By partnering with industry leaders like Renew Home and Google Cloud, we are set to deliver cutting-edge, AI-driven solutions that will bolster grid resilience and contribute to a more sustainable future. We are excited about the transformative impact this collaboration will have on our customers and the broader energy landscape."
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VCTR | Hot Stocks16:31 EST Victory Capital raises quarterly dividend 7% to 44c per share - "Cash on the balance sheet was $188 million, up $69 million from the end of the second quarter. Our net leverage ratio declined to 1.7x due to growth in Adjusted EBITDA and our increased cash position. Additionally, the Board authorized another 7% increase in our quarterly cash dividend from $0.41 to $0.44 per share, which will be paid in December," said CEO David Brown.
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EOG | Hot Stocks16:30 EST EOG Resources board approves $5B increase to share repurchase plan - The Board of Directors approved a $5 billion increase in the company's share repurchase authorization. The increased authorization is consistent with EOG's long-standing free cash flow priorities anchored on a stable and growing regular dividend, with additional cash return through opportunistic share repurchases and special dividends
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EOG | Hot Stocks16:29 EST EOG Resources board raises quarterly dividend 7% to 97.5c per share - The Board of Directors declared a dividend of $0.975 per share on EOG's common stock. The dividend will be payable January 31, 2025, to stockholders of record as of January 17, 2025. The new dividend represents an indicated annual rate of $3.90 per share, a 7% increase from the previous level. EOG has never suspended or reduced its regular dividend.
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REZI | Hot Stocks16:28 EST Resideo announces CEO succession plan, new chairman of board - Resideo Technologies announced that Jay Geldmacher, President and CEO, has informed the Board of his intention to retire from his executive and Board roles in 2025. Geldmacher will continue to serve as President and CEO until his successor is named, at which time he will also retire from the Board and become a senior advisor to the company to facilitate a smooth transition. The Board has engaged a nationally recognized executive search firm to assist in the process of identifying and evaluating qualified candidates. Resideo also announced that, effective November 7, Board member and current Vice-Chair, Andrew Teich has been named as Chairman of the Board, succeeding Roger Fradin who has stepped down from the Board after having served as Chairman of the Board since 2018. Given his long history with the company, Fradin will continue to advise Resideo in a consulting capacity, leveraging his extensive and relevant industry and operational experience.
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RLI | Hot Stocks16:27 EST RLI Corp. announces two-for-one stock split - RLI Corp. announced its Board of Directors has declared a special cash dividend of $4.00 per share of common stock, which is expected to total approximately $183 million, and a regular quarterly cash dividend of $0.29 per share. In addition, the board announced a two-for-one stock split. Both dividends are payable on December 20, 2024, to shareholders of record as of November 29, 2024. The two-for-one stock split is for shareholders of record as of December 31, 2024, and will be effective and shares will be distributed on January 15, 2025. Shares will begin trading post-split on January 16, 2025. Both the regular and special dividends will be paid on the pre-split shares.
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NWS | Hot Stocks16:23 EST News Corp says CFO Susan Panuccio to step down in 2025 - News Corp. announced today that Susan Panuccio will step down from her role as Chief Financial Officer on January 1, 2025, and will be succeeded by Lavanya Chandrashekar. Chandrashekar has nearly 30 years of experience in international finance and investor relations, and has held senior positions at blue chip consumer facing companies, including Procter & Gamble, Mondelez and Diageo, where she was Chief Financial Officer from 2021 to September of 2024.
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EFX | Hot Stocks16:22 EST Equifax CEO Mark Begor to continue company leadership beyond 2025 - Equifax announced that Mark Begor will continue to serve as CEO beyond the current expiration of his employment agreement in 2025.
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BL | Hot Stocks16:22 EST BlackLine announces planned retirement of CFO Mark Patin, Villanova to succeed - BlackLine announced that after nearly 10 years as BlackLine's Chief Financial Officer, Mark Partin has decided to retire, effective March 1, 2025. Patrick Villanova, BlackLine's Chief Accounting Officer, will succeed Mr. Partin as Chief Financial Officer, effective March 1, 2025.
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NRDY | Hot Stocks16:20 EST Nerdy reports Q3 Active Members up 1% y/y to 39.7K
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CPTN | Hot Stocks16:20 EST Cepton to not host conference call - Due to the previously announced entry into the Agreement and Plan of Merger with Koito on July 29, 2024 and the pendency of the proposed transaction, which remains subject to stockholder approval and the satisfaction of or waiver of other specified closing conditions, Cepton will not host an earnings conference call this quarter.
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CIVI | Hot Stocks16:20 EST Civitas Resources sees Q4 sales volumes 347-353 Mboe/d - Fourth quarter 2024 sales volumes are expected between 347 and 353 MBoe/d, and oil volumes are anticipated in a range of 162 to 166 MBbl/d, reflecting an increase in the DJ Basin and a decline in the Permian Basin. The DJ Basin increase is anticipated to benefit from Watkins production uplifts, and the Permian Basin decline reflects few new wells commencing production in the final quarter of the year. Capital expenditures in the fourth quarter are anticipated to be $245 to $295 million, as the Company anticipates running 4 drilling rigs (3 Permian, 1 DJ) and 1.5 completion crews (1 Permian, 0.5 DJ) on average during the period. The Company's free cash flow generated in the fourth quarter is anticipated to be its highest quarter for the year, which will further benefit shareholder returns and debt reduction.
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MRVI | Hot Stocks16:18 EST Maravai Lifesciences to acquire DNA and RNA business of Officinae Bio - Maravai LifeSciences "announced that it has signed an agreement to acquire the DNA and RNA business of Officinae Bio. The acquisition is expected to expand Maravai and TriLink BioTechnologies' ability to assist customers in developing innovative nucleic acid-based therapies."
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AGL | Hot Stocks16:18 EST Agilon Health cuts FY24 adjusted EBITDA to ($155M)-($135M) from ($60M)-($15)
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EB | Hot Stocks16:11 EST Eventbrite names Anand Gandhi CFO - Eventbrite announced the appointment of Anand Gandhi, a seasoned financial executive, to the role of Chief Financial Officer. Gandhi assumes the role from Lanny Baker, who will focus on driving operational excellence and revenue generation as Chief Operating Officer. Effective November 19, 2024, these leadership appointments are designed to drive forward the company's marketplace transformation and next phase of growth. Anand joins Eventbrite with 25 years of financial leadership experience across large, publicly-traded companies, hyper-growth marketplaces, and investment banking. Most recently, Gandhi was Chief Financial Officer at Viator, the world's leading marketplace for travel experiences, where he helped transform the financial performance of the business, achieving profitability while driving revenue growth of over 100% during his tenure. Previously, Gandhi served as CFO of Skillshare, an online learning platform and two-sided marketplace, where he oversaw record revenue growth. Prior to Skillshare, he held financial, operational and strategic leadership roles across the consumer entertainment landscape, including at The Walt Disney Company, 21st Century Fox, Viacom and Time Inc., after beginning his career in investment banking at Morgan Stanley.
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SAN | Hot Stocks16:11 EST Banco Santander lowers prime rate to 7.75% - Santander Bank, N.A. announced today it has lowered its prime rate from 8.00% to 7.75% effective November 7, 2024.
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PODD | Hot Stocks16:11 EST Insulet sees FY24 gross margin approximately 69% - For the year ending December 31, 2024, the Company now expects gross margin to be approximately 69%. For the year ending December 31, 2024, the Company is raising its expected operating margin by 50 basis points to approximately 14.5%
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LICY | Hot Stocks16:11 EST Li-Cycle announces $475M loan facility with Department of Energy - Li-Cycle announced that it has entered into an agreement for a loan facility of up to $475M through the U.S. Department of Energy Loan Programs Office's Advanced Technology Vehicles Manufacturing program. "This is the first DOE loan facility to be finalized for a lithium-ion battery materials recycling company, which further demonstrates Li-Cycle's important role in the U.S. battery materials supply chain as a domestic supplier of recycled critical battery materials. The entry by Li-Cycle into definitive documentation with the DOE follows the DOE's detailed technical, market, financial and legal due diligence. The DOE Loan Facility is expected to support the development of the Company's flagship Rochester Hub project, located in upstate New York," the company said.
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YELP | Hot Stocks16:11 EST Yelp to acquire RepairPal for roughly $80M in cash - Yelp announced its agreement to acquire RepairPal, an auto services platform, for approximately $80 million in cash. This acquisition is expected to close by the end of the year, subject to customary closing conditions. "Our results highlight Yelp's strong performance in its Services categories, which achieved double-digit year-over-year revenue growth for the 14th consecutive quarter, even as Restaurants, Retail and Other categories faced ongoing headwinds," said David Schwarzbach, Yelp's chief financial officer. "We continued to demonstrate disciplined expense management, with a net income margin of 11% and an adjusted EBITDA margin of 28% in the third quarter. Our planned acquisition aligns with our capital allocation strategy and demonstrates our ability to deploy balance sheet capital to support our business strategy."
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TOST | Hot Stocks16:07 EST Toast sees Q4 adjusted EBITDA $90M-$100M - Sees FY24 adjusted EBITDA $352M-$362M vs. prior view of $285M-$305M.
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TOST | Hot Stocks16:06 EST Toast reports ARR up 28% y/y at $1.6B - Reports Q3: ARR as of September 30, 2024 was $1.6 billion, up 28% year over year. Gross Payment Volume, GPV, increased 24% year over year to $41.7 billion. Total Locations increased 28% year over year to nearly 127,000.
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MTB | Hot Stocks15:57 EST M&T Bank to decrease prime lending rate to 7.75% from 8% - Effective Friday, November 8, 2024, M&T Bank Corporation will decrease its prime lending rate from 8.00% to 7.75%.
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SER | Hot Stocks14:54 EST Serina Therapeutics Inc trading resumes
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SER | Hot Stocks14:49 EST Serina Therapeutics Inc trading halted, volatility trading pause
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AMIX | Hot Stocks14:46 EST Autonomix Medical Inc trading resumes
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FITB | Hot Stocks14:40 EST Fifth Third to decrease prime lending rate to 7.75% - Fifth Third Bank, National Association, announced it will decrease its prime lending rate to 7.75%, effective immediately.
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AMIX | Hot Stocks14:36 EST Autonomix Medical Inc trading halted, volatility trading pause
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SKYQ | Hot Stocks14:00 EST Sky Quarry chief tells investors to look at scalability of business model
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SKYQ | Hot Stocks14:00 EST Massive increase in awareness after IPO 'validates us,' Sky Quarry CEO says
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SKYQ | Hot Stocks14:00 EST Sky Quarry tech can challenge established growth in two industries, CEO says
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ZCAR | Hot Stocks13:32 EST Zoomcar Holdings Inc trading resumes
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ZCAR | Hot Stocks13:27 EST Zoomcar Holdings Inc trading halted, volatility trading pause
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TKC | Hot Stocks12:17 EST Turkcell trading resumes
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DBD | Hot Stocks12:00 EST Diebold falls -17.8% - Diebold is down -17.8%, or -$8.87 to $41.02.
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YOU | Hot Stocks12:00 EST Clear Secure falls -21.8% - Clear Secure is down -21.8%, or -$8.39 to $30.06.
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WOLF | Hot Stocks12:00 EST Wolfspeed falls -27.3% - Wolfspeed is down -27.3%, or -$3.74 to $9.97.
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EBS | Hot Stocks12:00 EST Emergent BioSolutions rises 31.2% - Emergent BioSolutions is up 31.2%, or $2.87 to $12.07.
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IONQ | Hot Stocks12:00 EST IonQ rises 34.3% - IonQ is up 34.3%, or $5.63 to $22.09.
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BROS | Hot Stocks12:00 EST Dutch Bros rises 37.5% - Dutch Bros is up 37.5%, or $13.10 to $48.04.
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CZR | Hot Stocks11:55 EST Caesars Virginia announces opening date of December 12 - Caesars Virginia announces its opening date will be Thursday, Dec. 12. "The resort will welcome its first guests beginning at noon. Additional details on the opening festivities will be announced at a later date," the company stated. "We have worked diligently on creating a world-class resort that will offer all the luxurious and modern amenities expected from Caesars that will also serve as an economic driver for Danville and the surrounding region through employment and tourism. We're so proud of Caesars Virginia and look forward to welcoming guests on Dec. 12," added Barron Fuller, Regional President for Caesars Entertainment.
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LCID | Hot Stocks11:54 EST Lucid announces availability of Lucid Gravity SUV orders - Lucid Group announced the availability of the Lucid Gravity Grand Touring on the "Design Yours" configurator on LucidMotors.com. "The Grand Touring delivers an unparalleled combination of sophistication, versatility, interior space, and range, making it the perfect choice for discerning customers," the company said. Production is scheduled to start at the end of 2024. "The Lucid Gravity provides a never-before-achievable combination of attributes only made possible by Lucid's game-changing technology," said Peter Rawlinson, CEO of Lucid. "It is the most sustainable vehicle in its class. And it is available to order immediately." Reference Link
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IBM RACE | Hot Stocks11:03 EST IBM selected as Fan Engagement, Data Analytics Partner for Scuderia Ferrari - IBM (IBM) has entered into a multi-year agreement with Ferrari (RACE) to become the official Fan Engagement and Data Analytics Partner of Scuderia Ferrari HP, the most renowned Formula 1 team, starting in 2025. IBM and Scuderia Ferrari HP will conceive, develop, and deliver world-class digital experiences to bring racing enthusiasts closer than ever to the racing team. IBM and Scuderia Ferrari HP will develop a fully reimagined mobile app to be unveiled during the 2025 season. This includes applying IBM's technology and consulting expertise to analyze and transform Ferrari's massive volume and variety of data - both current and historical - into custom insights, personalized content, and innovative features designed to supercharge the fan experience. IBM will also provide its new cutting-edge technology and data-driven solutions to increase speed and production.
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ARM | Hot Stocks11:01 EST Arm announces appointment of Charlotte Eaton as Chief People Officer - Arm Holdings plc announced the appointment of Charlotte Eaton as Chief People Officer with immediate effect. Eaton will lead the Arm global people organization and report to Arm CEO Rene Haas. As part of planned succession, Eaton will replace current CPO Kirsty Gill who will remain at Arm in an advisory role and assist in the transition through November before retiring from executive life. Eaton is rejoining Arm where she was previously vice president of People, supporting teams in the Intellectual Property Group, from 2017 until 2020. Most recently, Eaton has served as CPO at OVO, the company noted.
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TKC | Hot Stocks10:56 EST Turkcell trading halted, news pending
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LWAY | Hot Stocks10:43 EST Lifeway Foods announces expanded distribution deal in Dubai and U.A.E. - Lifeway Foods announced an expanded distribution agreement in the United Arab Emirates market. "The offering of 32oz Lifeway Kefir, 8oz Lactose-Free Lifeway Kefir, ProBugs and farmer cheese, exported from the United States, is expected to begin shipping in the fourth quarter of 2024 and will become available in supermarkets and hypermarkets in Dubai and across the Emirates," the company stated.
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GMVHF KHC | Hot Stocks10:42 EST Entain appoints Dafne Guisard as COO - Entain plc (GMVHF) announced that Dafne Guisard has been appointed to the new role of Chief Operations Officer, effective from January 13, 2025. Dafne joins from Kraft Heinz (KHC), where, as Chief Strategy, Transformation and Digital Officer, "she spearheaded the global ten-year growth strategy, developed new operational models, and drove digital transformation across all areas of the company. At Entain, Dafne will drive operational excellence, leading global strategic planning, the customer service organisation, and M&A integration," the company stated. Gavin Isaacs, Chief Executive Officer, Entain, said: "Dafne brings a wealth of experience in driving strategic growth and delivering transformation on a global scale. Her appointment will help place Entain at the leading edge of innovation, as well as strengthen the executive management team as we build on a period of stronger-than-expected revenue growth and key market expansion. Dafne will be a tremendous asset to Entain."
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GRST | Hot Stocks10:29 EST Ethema engages Blank Rome for uplisting process - Ethema Health has retained respected national law firm Blank Rome LLP to manage the Company's process to up-list the Company's common stock from the over-the-counter market to a major exchange. The Company is targeting Q2 2025 to complete this process. Blank Rome is an Am Law 100 firm with 16 offices and 750 attorneys and principals who provide comprehensive legal and advocacy services to clients operating in the United States and around the world.
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ADAG | Hot Stocks10:22 EST Adagene presents data on ADG126 at SITC Annual Meeting - Adagene announced data at the SITC 39th Annual Meeting, taking place in Houston, Nov. 6 - 10, 2024. The two poster presentations provide new insights on the increased therapeutic index for ADG126 and reinforce its clinical safety and efficacy profiles in combination with pembrolizumab including in advanced Metastatic Microsatellite-stable Colorectal Cancer. In the first poster, Deciphering Improved Clinical Therapeutic Index of Muzastotug, a Masked Anti-CTLA-4 SAFEbody over its Unmasked Form as Monotherapy or in Combination with anti-PD-1 Therapy , data demonstrate how the improved TI of ADG126 allows for higher and repeat dosing to unleash its efficacy to the maximum potential, while maintaining an improved safety profile. Analyses of the masked ADG126 SAFEbody and its unmasked version, ADG116, show the improved TI relative to commercially available anti-CTLA-4 therapies via enhanced epitope-dependent ADCC and T cell priming. By targeting the constitutively over-expressed CTLA-4 on T regulatory cells in the tumor microenvironment for potent CTLA-4 mediated intratumoral Treg depletion, ADG126 achieves tumor-specific targeting with minimal on-target off-tumor toxicities. Key highlights include: The unique epitope of ADG126 and its activated form drives species cross-reactivity enabling the same antibody to be used across mice, monkey and human studies, with a unified set of physiologically relevant parameters for population pharmacokinetic modeling. Analyses show a significantly higher and sustained steady state tumor-specific engagement of CTLA-4 with the masked ADG126, suggesting increased exposure in the TME and a stronger ADCC effect. New analyses show the seamless translation of preclinical PK analyses to clinical PK data, including: head-to-head comparison of ADG126 to ipilimumab in MC38 mice, a single dose of ADG126 showed a three-fold increased active drug exposure in homogenized tumor tissue samples at 10 mg/kg versus a single dose of ipilimumab at 1 mg/kg while maintaining similar plasma active drug exposures. A second analysis in the MC38 mice model showed two consecutive doses of ADG126 at 20 mg/kg increased the tumor cleaved and total PK versus a single dose, demonstrating continuous intratumoral cleavage of intact ADG126 and accumulation within the TME. This reflects the effectiveness of ADG126 repeat dosing to increase drug exposure within the TME, supporting its mechanism with CTLA-4 mediated intratumoral Treg depletion. The second poster, Phase 1b/2, Multicenter Dose Escalation and Expansion Study of Muzastotug in Combination with Pembrolizumab in Advanced/Metastatic MSS CRCs, presents additional follow up data from an ongoing trial showing the best-in-class therapeutic potential of ADG126 in combination with anti-PD-1 therapy in patients with the most common form of colorectal cancer, MSS CRC. The trial, conducted in patients with advanced MSS CRC without liver metastases, showed that ADG126 administered at 10 mg/kg Q6W or Q3W in combination with pembrolizumab demonstrated an encouraging efficacy signal, durable disease control and an early survival benefit in MSS CRC patients, with dose-dependent efficacy and objective responses per RECIST criteria observed for the Q3W schedule. New findings in the poster at SITC 2024 include: In MSS CRC patients, a lower rate of key TRAEs with ADG126 at the 10 mg/kg dosing level in combination with pembrolizumab relative to lower doses of 1-2 mg/kg of an Fc engineered anti-CTLA-4 antibody in clinical development when used in combination with anti-PD-1. Clinical PK, particularly the monitoring of active species of ADG126 in peripheral blood, supports long-term safety of the combination therapy. The rate of Grade 3 and higher TRAEs for ADG126 in combination with pembrolizumab was also shown to be much lower than historically reported with currently approved standard of care combinations. In the combination cohort, there was no Grade 3 or higher colitis, which is common with other anti-CTLA-4 therapies. A case study of one responder who received two prior lines of therapy before receiving ADG126 in combination with pembrolizumab showed an 80% decrease in target lesions. This confirmed partial response correlated with a 100% decrease in carcinoembryonic antigen levels versus baseline. Individualized PK data also demonstrated the correlation of tumor shrinkage and plasma exposure. After five cycles, the patient experienced TRAEs, after which dosing was modified and treatment resumed, showing durable clinical benefit for over 12 months. This response is one of four PRs reported from the ongoing 10 mg/kg Q3W combination cohort of MSS CRC patients without liver metastases. Repeat doses of ADG126 10 mg/kg in combination with pembrolizumab shows encouraging dose-dependent clinical efficacy and well-tolerated safety in accordance with plasma cleaved ADG126 concentrations. These data support that ADG126 may be a potential best-in-class anti-CTLA-4 and may be considered as a backbone therapy. Follow up continues for MSS CRC patients treated with ADG126 10 mg/kg doses in combination with pembrolizumab. In addition, Adagene is evaluating a single dose of ADG126 at 20 mg/kg followed by a 10 mg/kg Q3W maintenance dose in combination with pembrolizumab in a cohort of 12 enrolled patients with data expected in 2025.
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ALKT | Hot Stocks10:18 EST Alkami partners with Kemba Credit Union to launch digital banking solution - Alkami Technology announced that Kemba Credit Union, a Cincinnati, Ohio-based credit union, has partnered with Alkami to launch its digital banking solution for both retail and business members. Alkami's comprehensive Digital Banking Platform will equip Kemba Credit Union's members with intuitive self-service tools and a highly personalized user experience. The platform also enhances member engagement and provides advanced fraud detection and prevention capabilities.
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GLXG | Hot Stocks10:18 EST Galaxy Payroll Group Ltd trading resumes
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NKTR | Hot Stocks10:18 EST Nektar presents late-breaking results from Phase 2 Study of NKTR-255 - Nektar Therapeutics and collaborators at The University of Texas MD Anderson Cancer Center presented late-breaking results from a Phase 2 study evaluating NKTR-255 for the treatment of radiation induced lymphopenia after concurrent chemoradiation in locally advanced non-small cell lung cancer, or NSCLC, patients at the Society for Immunotherapy of Cancer, or SITC, Annual Meeting. The results from the preplanned interim analysis from the REStoring lymphoCytes Using NKTR-255 after chemoradiothErapy in solid tumors, or RESCUE, trial suggest that NKTR-255 effectively reversed radiation induced lymphopenia in patients with locally advanced NSCLC receiving consolidation therapy with durvalumab. Interim pharmacodynamic data demonstrated statistically significant superiority of the eight-week absolute lymphocyte count with NKTR-255 post chemoradiation and in combination with durvalumab versus non-contemporaneous control groups who received either chemoradiation alone or chemoradiation in combination with durvalumab. "These results, combined with the body of evidence previously reported with NKTR-255 in combination with cell therapy, highlight NKTR-255's potential to enhance clinical benefit in both hematologic malignancies and solid tumors" said Mary Tagliaferri, MD, Senior Vice President and Chief Medical Officer at Nektar.
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IMNN | Hot Stocks10:17 EST Imunon presents data from Phase 2 OVATION 2 clinical trial - IMUNON announced the presentation of new clinical data from the recently completed Phase 2 OVATION 2 Study of IMNN-001, its investigational interleukin-12 immunotherapy for the treatment of advanced ovarian cancer based on the company's proprietary TheraPlas technology. Results will be highlighted in a late-breaking poster session at the Society for Immunotherapy of Cancer 39th Annual Meeting, taking place November 6-10, 2024, in Houston, Texas and virtually. IMNN-001 is an IL-12 DNA plasmid vector encased in a nanoparticle delivery system that enables cell transfection followed by persistent, local production and secretion of the IL-12 protein. IL-12 is one of the most active pluripotent cytokines for the induction of strong anti-cancer immunity acting through the induction of T-lymphocyte and natural killer cell proliferation, inhibiting tumor mediated immune suppression. A total of 112 patients with newly diagnosed advanced ovarian cancerwere enrolled in the Phase 2 OVATION 2 Study with a median follow-up of 24 months. Study participants were randomized 1:1 to evaluate the safety and efficacy of IMNN-001 plus neoadjuvant and adjuvant chemotherapy of paclitaxel and carboplatin compared to standard-of-care NACT alone. The results being presented at the SITC Annual Meeting, as of June 21, 2024, demonstrated: Patients treated with IMNN-001 plus standard-of-care NACT lived 11.1 months longer than patients treated with NACT alone with a median overall survival of 40.5 months and 29.4 months, respectively. IMNN-001 treatment was associated with better surgical outcomes compared to NACT alone with a surgical response rate of 64.6% and 52.1%, respectively. The chemotherapy response score, another measure of treatment benefit, was 26.1% in the IMNN-001 treatment group versus 13.0% in the control group. IMNN-001 was also associated with an improvement in progression-free survival with a median PFS of 14.9 months in the IMNN-001 treatment group compared to 11.9 months in the control group. The rate of complete response for best overall response, a measure of tumor shrinkage, was comparable across all study participants when measured early in the study at debulking surgery. In a subgroup analysis of patients who received a PARP inhibitor as maintenance therapy, patients in the IMNN-001 treatment arm had a median PFS of 33.8 months versus 22.1 months in the control arm and median OS was not reached for the treatment arm versus 37.1 months for the control arm. IMNN-001 was generally well tolerated, with the most common adverse events primarily gastrointestinal events. Pain management protocols were found to be effective. There were no reports of cytokine release syndrome or any other serious immune related AEs.
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IOBT | Hot Stocks10:14 EST IO Biotech reports data on IO102-IO103 vaccine in combination with KEYTRUDA - IO Biotech announced data from the NSCLC cohort in the company's Phase 2 basket trial of IO102-IO103, the company's lead investigational candidate, given in combination with Merck's anti-PD-1 therapy KEYTRUDA. These data, as well as new pre-clinical data from IO Biotech's second vaccine candidate, IO112, will be presented at the Society for Immunotherapy of Cancer's 39th Annual Meeting in Houston on November 8-10, 2024. The presentation contains clinical and biomarker data from the fully enrolled cohort of patients with previously untreated metastatic stage NSCLC with PD-L1 high TPS greater than or equal to 50. The data from 31 efficacy evaluable patients demonstrated: A 55% unconfirmed 48% confirmed overall response rate in a PD-L1 high population of patients with NSCLC; An 81% disease control rate; No disease progression at 12 months in approximately 50% of patients; An encouraging 8.1-month median progression-free survival; Median duration of response not yet reached; A safety profile consistent with previously reported data when combining IO102-IO103 with anti-PD-1 monotherapy; Vaccine-specific T cell responses to both IO102 and IO103 were detected in patients on treatment. To date, the safety profile observed in this study is consistent with prior studies of IO102-IO103 in combination with checkpoint inhibitors, with no unexpected systemic toxicity compared to anti-PD-1 monotherapy and low-grade transient injection site reactions reported as the most common treatment related adverse events. Data from the squamous cell carcinoma of the head and neck cohort of this study were presented at the 2024 European Society for Medical Oncology congress in September that demonstrated the cohort met its primary endpoint of ORR with encouraging PFS data. Pre-clinical data from IO112, IO Biotech's second therapeutic cancer vaccine candidate derived from the company's T-win platform, also presented at SITC 2024: Arginase 1 plays a central role in immune suppression, and its overexpression has been reported in several cancers including renal cell carcinoma, pancreatic cancer, and head and neck cancer. Importantly, all immune suppressive myeloid cells in the TME express Arg1, and their key roles in cancer immune resistance mechanisms have been well described. The data presented in the poster showcase that IO112 vaccination leads to robust expansion of Arg1-specific T cells, which in turn directly target and reprogram immune suppressive TAMs, leading to tumor growth inhibition.
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ALLO | Hot Stocks10:11 EST Allogene announces Phase 1 data on ALLO-316 in advanced RCC - Allogene Therapeutics will concurrently present new data from the Phase 1 TRAVERSE trial in an oral presentation at the 2024 International Kidney Cancer Symposium and a poster session at The Society for Immunotherapy of Cancer's Annual Meeting. The trial evaluates ALLO-316, the Company's first AlloCAR T product candidate for the potential treatment of solid tumors. The ongoing Phase 1 TRAVERSE trial is enrolling patients with advanced or metastatic renal cell carcinoma who have progressed following treatment with an immune checkpoint inhibitor and VEGF-targeting therapy. These presentations highlight compelling evidence of CAR T activity and anti-tumor efficacy in 26 patients with RCC tumors known to be CD70 positive who were evaluable for efficacy outcomes. As of the October 14, 2024 data cutoff, 39 patients had been enrolled in the ongoing Phase 1 trial, of which 26 were confirmed to have CD70 positive RCC and were evaluable for efficacy outcomes. The median time from enrollment to the start of therapy was five days. Data from dose escalation cohorts and ongoing Phase 1b expansion cohort are included in the presentations. The Phase 1b expansion cohort is evaluating safety and efficacy of ALLO-316 at DL2 following a standard FC500 lymphodepletion regimen. The Phase 1b expansion cohort is expected to ultimately include approximately 20 patients. Additional data from the Phase 1b expansion cohort is expected to be announced in mid-2025. Following a single infusion of ALLO-316 in heavily pretreated patients, the trial demonstrated best Overall Response Rate of 50% and Confirmed Response Rate of 33% in those patients with CD70 Tumor Proportion Score of greater than or equal to50% who received DL2. Patients with a TPS of greater than or equal to50% comprise the majority of patients with advanced or metastatic RCC. Of those with a TPS greater than or equal to50, 76% experienced a reduction in tumor burden. Two of six patients with high TPS who received the Phase 1b expansion regimen showed durable responses ongoing at greater than or equal to4 months. The most common all-grade adverse events were cytokine release syndrome, fatigue, neutropenia, decreased white blood cell count, anemia and nausea. Immune effector cell-associated neurotoxicity syndrome was minimal at 8% and no graft-versus-host disease occurred. TEAE included all AEs that started from the first dose date of study drug in each treatment period up to start of another treatment period, death, or the date prior to initiation of another anti-cancer agent, whichever occurred first. IEC-HS includes the preferred terms IEC-HS, HLH, Hemophagocytic lymphohistiocytosis, and atypical HLH. Two patients developed an inflammatory syndrome prior to the existence of IEC-HS as a term in MedDRA, which has been updated as of September 2023. Two DLT events of autoimmune hepatitis and cardiogenic shock were reported. Each event occurred in 2 separate participants who received FCA lymphodepletion and DL2 of ALLO-316. Three Grade 5 treatment-related adverse events were reported: 1) cardiogenic shock, which was one of the 2 DLT events; 2) sepsis from multi-drug resistant Klebsiella pneumoniae in a participant who received DL4 of ALLO-316. This participant had a prior episode of muscle abscess and bacteremia from the same multi-drug resistant Klebsiella and was receiving anakinra and dexamethasone for hyperinflammation; 3) failure to thrive in a participant 16 months after treatment with ALLO-316. This subject had tumor response of stable disease at month 12 and no interval scans to evaluate disease status prior to death.
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ABCL | Hot Stocks10:09 EST AbCellera presents data on applications of T-cell engager platform at SITC - AbCellera announced new data on its T-cell engager, or TCE, platform, to be presented as a poster at the Society for Immunotherapy of Cancer, or SITC, 39th Annual Meeting. AbCellera's presentation describes strategies to address key challenges in TCE development and preclinical characterization of TCEs against solid tumor targets B7-H4 and PSMA show tumor-cell killing and cytokine release profiles that are differentiated from clinical benchmarks, the company noted.
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GLXG | Hot Stocks10:08 EST Galaxy Payroll Group Ltd trading halted, volatility trading pause
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INKT | Hot Stocks10:08 EST MiNK Therapeutics presents data on iNKT cell therapy programs - MiNK Therapeutics announced data from two poster presentations at the Society for Immunotherapy of Cancer's 39th Annual Meeting in Houston, Texas. The presentations showcased new data from MiNK's iNKT cell therapy programs, agenT-797 and PRAME-TCR. AgenT-797 Combination Boosts Activity of Checkpoint Inhibitors and Bispecific Engagers in Challenging Solid Tumors: AgenT-797 alone or in combination with anti-PD-1 shows durable disease control in majority of heavily pretreated patients. AgenT-797 combined with bispecific engagers targeting antigens such as MUC16, HER2, Claudin 18.2, and DLL3, promote increased T-cell activation, efficient tumor cell killing, and reduced exhaustion and myeloid cell activity. Ongoing Clinical Studies: AgenT-797 is advancing in an enrolling Phase 2 trial with an innovative five-treatment combination regimen that includes botensilimab, balstilimab, and standard-of-care chemotherapy. This trial targets 2L+ advanced gastroesophageal cancer patients and is being conducted at Memorial Sloan-Kettering Cancer Center, with results expected in 2025. PRAME-TCR iNKT Represents a Promising Targeted Therapy for Refractory Solid Tumors: iNKT cells present an ideal platform for tumor-targeting T cell receptor expression due to the absence of conventional alphabeta TCRs and endogenous class I MHC molecules. MiNK's allogeneic PRAME-targeted TCR addresses the limitations of traditional T cell therapies. As an allogeneic, gene-editing-free solution, it expresses an engineered alphabeta PRAME-TCR with no risk of heterodimerization, offering a potentially safer and more precise approach. In preclinical studies, PRAME-TCR-iNKTs direct tumor cell killing with high specificity, which highlights the versatility of iNKT cells and their potential of to treat solid tumors such as NSCLC, ovarian, melanoma and sarcoma.
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BOLT | Hot Stocks10:06 EST Bolt Biotherapeutics presents updated preclinical data for BDC-4182 - Bolt Biotherapeutics presented updated preclinical data for BDC-4182, a next-generation Boltbody ISAC clinical candidate targeting claudin 18.2, and provided key learnings from its Phase 1 dose-escalation trial of BDC-1001 at the 39th Annual Meeting of the Society for Immunotherapy of Cancer, being held in Houston, Texas from November 6-10, 2024. BDC-4182 is a next-generation Boltbody ISAC clinical candidate targeting claudin 18.2, a clinically validated target in oncology with expression in gastric/gastroesophageal junction cancer, pancreatic cancer, and other tumor types. BDC-4182 has advanced into IND-enabling activities, supported by in vitro and in vivo experiments demonstrating potent anti-tumor activity in multiple preclinical models, with clinical trial initiation expected in 2025. In vivo assessment of anti-tumor activity was performed with a murine surrogate of BDC-4182 using xenograft and syngeneic tumor models with different levels of claudin 18.2 expression. The tolerability of BDC-4182 was also tested in non-human primates. Key findings are summarized below: BDC-4182 demonstrated superior efficacy compared to cytotoxic claudin 18.2 ADCs. BDC-4182 demonstrated anti-tumor activity in a wide range of tumor models and elicits immunological memory. BDC-4182 has an acceptable safety profile in NHPs with findings consistent with TLR7/8 activation and claudin 18.2 targeting. BDC-4182 toxicology profile may enable combinations with checkpoint inhibitors, chemotherapy and anti-angiogenesis agents used in first-line and second-line treatments. Key learnings from the Phase 1 dose escalation trial of BDC-1001 are summarized below. First-generation ISAC BDC-1001 demonstrated immunological activity in this first-in-human trial, particularly in patients with high HER2 antigen expression. Greater immune activation was associated with clinical benefit. Pharmacodynamic changes were observed in HER2 IHC3+ and HER2 IHC2+, with both the greatest increase and statistical significance in patients with HER2 IHC 3+ tumors. Data supports the hypothesis that an ISAC with enhanced immune activation could offer greater efficacy, warranting further testing in next-generation ISACs.
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VEOEY | Hot Stocks10:04 EST Veolia awarded contract for City of Toronto's anaerobic digestion facility - Veolia has been awarded a contract to assume operations and maintenance of the City of Toronto's Dufferin organics processing facility. Since 2014, Veolia has also operated and maintained Toronto's other anaerobic digestion facility at Disco Road, and now will have responsibility for operating and maintaining Dufferin as well. These facilities use pre-processing and anaerobic digestion technology to break down organic material such as residential source-separated food waste. The waste is used to produce digester solids which are used to create high quality compost and biogas. The city then turns the compost and biogas into renewable natural gas to help fuel its fleet and heat its buildings, thereby reducing greenhouse gas emissions by approximately 22,000 tonnes per year. While the Disco Road facility has a capacity to manage up to 75,000 tonnes of organic waste per year, the Dufferin facility is designed to convert as much as 55,000 tonnes of organic waste into energy annually - waste that would otherwise pose a risk of increasing greenhouse gas emissions if left in a landfill.
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UAA | Hot Stocks10:00 EST Under Armour rises 27.8% - Under Armour is up 27.8%, or $2.44 to $11.19.
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EBS | Hot Stocks10:00 EST Emergent BioSolutions rises 36.1% - Emergent BioSolutions is up 36.1%, or $3.32 to $12.52.
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BROS | Hot Stocks10:00 EST Dutch Bros rises 36.8% - Dutch Bros is up 36.8%, or $12.87 to $47.80.
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TSE | Hot Stocks10:00 EST Trinseo falls -20.1% - Trinseo is down -20.1%, or -93c to $3.69.
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YOU | Hot Stocks10:00 EST Clear Secure falls -20.4% - Clear Secure is down -20.4%, or -$7.86 to $30.59.
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WOLF | Hot Stocks10:00 EST Wolfspeed falls -23.5% - Wolfspeed is down -23.5%, or -$3.21 to $10.49.
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RL | Hot Stocks09:58 EST Ralph Lauren says 'on track' with new store openings - Expects Q4 to be negatively impacted by a late Easter. Expects FY marketing as a percentage of sales roughly in-line with last year, lower in Q4. Says "pullback on promotion is the game plan." Feels "very good" about momentum in China. "Energized" about near and long-term growth prospects in China. Expects to open ~70 stores in Asia this year.
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LFST | Hot Stocks09:52 EST LifeStance Health Group trading resumes
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CTGO | Hot Stocks09:51 EST Contango Ore announces $12M cash distribution from Peak Gold JV - Contango ORE announced that the Peak Gold JV paid a cash distribution of $12.0 million on October 24, 2024. These proceeds relate to Contango's 30% of profits from the processing of Manh Choh ore from Campaign #2. In total, Contango has received $31.5 million in cash distributions from the Peak Gold JV since commencing the processing of Manh Choh ore in July 2024. The Peak Gold JV has completed two campaigns with a third campaign currently underway. Contango's 30% share of production from Campaigns #1 and #2 totals approximately 30,000 ounces of gold with a further 8,500 ounces of gold expected from Campaign #3 for total production in 2024 of approximately 38,500 ounces of gold.
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KSCP | Hot Stocks09:48 EST Knightscope announces 14 new sales, 10 client renewals, 4 deployments - Knightscope announces 14 new sales, 10 client renewals and 4 new security robot deployments. Knightscope attributes the growth in deliveries and long-term stability to clients in fast growing markets such as corporate campuses, colleges/universities, hospitality, local government and military bases. The Company anticipates future opportunities to expand its footprint at individual clients as well as their respective markets given the highly visible nature of these technologies. Fourteen new devices were sold, three of which were from clients expanding existing agreements reflecting the ongoing growth of client needs coupled with Knightscope's commitment to their long-term success. Ten clients renewed contracts to enable ongoing services in the interest of public safety. Finally, four new deployments of Knightscope's all-new, fifth generation K5 Autonomous Security Robot strengthens the validity of its white-glove, Machine-as-a-Service business model.
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LFST | Hot Stocks09:47 EST LifeStance Health Group trading halted, volatility trading pause
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KVYO | Hot Stocks09:47 EST Klaviyo falls -18.0% - Klaviyo is down -18.0%, or -$7.26 to $33.10.
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YOU | Hot Stocks09:47 EST Clear Secure falls -21.5% - Clear Secure is down -21.5%, or -$8.25 to $30.20.
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WOLF | Hot Stocks09:47 EST Wolfspeed falls -23.4% - Wolfspeed is down -23.4%, or -$3.21 to $10.50.
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UAA | Hot Stocks09:47 EST Under Armour rises 18.1% - Under Armour is up 18.1%, or $1.58 to $10.33.
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EBS | Hot Stocks09:47 EST Emergent BioSolutions rises 23.7% - Emergent BioSolutions is up 23.7%, or $2.18 to $11.38.
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BROS | Hot Stocks09:47 EST Dutch Bros rises 31.7% - Dutch Bros is up 31.7%, or $11.07 to $46.01.
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QMMM | Hot Stocks09:42 EST QMMM Holdings Ltd trading resumes
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JZ | Hot Stocks09:41 EST Jianzhi Education announces advancements in natural language processing - Jianzhi Education Technology Group Company announced major advancements that will expand adoption of its educational offerings, and accelerate developers' abilities to build highly accurate educational content for the next evolution of AI-based education. The new offerings include AI models that can generate educational content using NLP. "The generative AI boom for education is here," said Hu Yong, CEO of Jianzhi. "Now, with the enhancements and accessibility Jianzhi is bringing to AI-based education, educators of all kinds can build virtual worlds to drive innovation while preparing for the next wave of AI-based education."
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DXYZ | Hot Stocks09:40 EST DESTINY TECH100 INC trading resumes
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NDRA | Hot Stocks09:38 EST ENDRA Life Sciences Inc trading resumes
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AXGN | Hot Stocks09:38 EST AxoGen trading resumes
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TTEK | Hot Stocks09:37 EST Tetra Tech awarded $30M contract - Tetra Tech announced that the Utah Army National Guard awarded Tetra Tech a five-year, single-award contract not to exceed $30 million. The watershed-focused restoration and resiliency contract will support its Camp Williams training site.
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TTEC | Hot Stocks09:36 EST TeleTech trading resumes
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HYPR | Hot Stocks09:36 EST Hyperfine announces CE approval of Swoop system software - Hyperfine announced CE approval of its latest generation of AI-powered Swoop system software under the European Medical Device Regulation. This approval marks a step in positioning Hyperfine for broad European launch of the Swoop Portable MR Imaging system, enabling faster, high-quality MR brain imaging that supports critical diagnostic decisions across diverse healthcare settings.
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DXYZ | Hot Stocks09:35 EST DESTINY TECH100 INC trading halted, volatility trading pause
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PRO | Hot Stocks09:35 EST Pros Holdings appoints Colleen Langevin as chief marketing officer - Pros Holdings announced the appointment of Colleen Langevin as chief marketing officer, or CMO. Langevin brings more than 20 years of experience. As CMO, Langevin will lead Pros global marketing organization and strategy, with a focus on scaling the demand generation engine as well as driving the next phase of digital marketing transformation.
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NDRA | Hot Stocks09:33 EST ENDRA Life Sciences Inc trading halted, volatility trading pause
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AXGN | Hot Stocks09:33 EST AxoGen trading halted, volatility trading pause
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QMMM | Hot Stocks09:32 EST QMMM Holdings Ltd trading halted, volatility trading pause
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WAI | Hot Stocks09:31 EST Top KingWin's Guji achieves RMB 2M in October revenue - Top Kingwin announced that its subsidiary, Guji Technology has achieved a significant milestone by generating RMB 2million in revenue in October 2024.
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IVDA | Hot Stocks09:31 EST Iveda Solutions announces IvedaAI, ClearView Asset Protection trial - Iveda Solutions announced that the Interstate Land Management Corporation and Philadelphia Parking Authority has officially green-lit a trial of IvedaAI and ClearView Asset Protection via their patented Smart Tower, in an effort to bolster security in parking areas throughout the city. The project will leverage IvedaAI, an advanced AI solution providing real-time facial recognition, weapon detection, license plate reading, and more. The technology will be integrated into two of ClearView's customizable security trailers, each equipped with four cameras.
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TTEC | Hot Stocks09:31 EST TeleTech trading halted, volatility trading pause
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RL | Hot Stocks09:30 EST Ralph Lauren sees FY25 marketing expense ~7% of sales - Says strong balance sheet and cash flow. Says inventories "well-positioned" heading into holiday season. Expects "solid growth" in Q3, Q4 comps.
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GILD | Hot Stocks09:29 EST Gilead to present HIV research findings at conference - Gilead announced the upcoming presentation of HIV research findings at the International Congress on Drug Therapy in HIV Infection, taking place from November 10-13. The results from more than 40 studies across HIV treatment and prevention include late-breaking data and seven oral presentations. These findings reflect a robust portfolio and future-looking pipeline focused on person-centered drug development strategies to address unmet needs in HIV and help end the epidemic. A late-breaking oral presentation at HIV Glasgow will be the first in-depth look at the full results from the PURPOSE 2 trial, including data not presented last month at the HIV Research for Prevention Conference in Lima, Peru. PURPOSE 2 is a pivotal Phase 3 trial evaluating twice-yearly lenacapavir, Gilead's injectable HIV-1 capsid inhibitor for the investigational use of HIV prevention, among a broad and geographically diverse range of cisgender men and gender-diverse people. The trial is part of a comprehensive program assessing lenacapavir in a variety of populations who need or want pre-exposure prophylaxis and, if approved, would be the first and only twice-yearly HIV prevention choice. Prevention research presented at HIV Glasgow will also include a systematic review and meta-analysis of real-world data mapping HIV prevalence against PrEP uptake, health economic data on the impact of PrEP in France and the return on investment that HIV prevention has yielded for the French healthcare system. Data will also be presented from a study examining same-day PrEP initiation and its effect on PrEP uptake at a Canadian clinic. Continuous scientific discovery in HIV treatment is a pillar of Gilead's commitment to help end the epidemic. At HIV Glasgow, presented study results and analyses will include further evaluation of Biktarvy as a long-term treatment option for a broad range of people with HIV who may also have common comorbidities and other specific health needs. Outcomes from pipeline research studies will provide insights into investigational treatment candidates, including the novel combination regimen of lenacapavir plus bictegravir. Additionally, late-breaking data from the Phase 2 study evaluating an investigational once-weekly oral combination regimen of lenacapavir and islatravir will be presented during an oral session. Specifically, Biktarvy presentations will include four-year outcomes from BICSTaR, an ongoing global, observational, real-world study evaluating the effectiveness, safety, and tolerability of Biktarvy in treatment-naive and treatment-experienced people with HIV who have a high burden of co-morbidities. As the average age of people with HIV increases, the management of comorbid conditions is an important consideration in HIV clinical care. BICSTaR helps to inform what the future of coordinated person-centered HIV care could look like. Additional research studies evaluating Biktarvy include three-year outcomes from ALLIANCE, an ongoing Phase III study evaluating the efficacy and safety of the single-tablet regimen versus dolutegravir 50 mg + emtricitabine 200 mg/tenofovir disoproxil fumarate 300 mg, F/TDF, DTG+F/TDF, in adults with HIV/hepatitis B coinfection who were initiating therapy. Gilead will also present outcomes from the Phase 2 portion of the ARTISTRY-1 study investigating the efficacy and safety of switching from a complex stable baseline regimen to an investigational once-daily regimen of lenacapavir and bictegravir. Additional lenacapavir data to be presented at HIV Glasgow will evaluate the efficacy and safety of the novel antiviral agent in combination with broadly neutralizing antibodies teropavimab and zinlirvimab as a potential long-acting treatment regimen with twice-yearly dosing. HIV treatment research pipeline findings also include a presentation of new pharmacokinetic and resistance data on GS-1720, a selective integrase strand transfer inhibitor. The agent is being evaluated as a component of a novel, investigational, once-weekly oral INSTI/capsid-inhibitor combination regimen with GS-4182 aimed at providing new long-acting treatment options for people with HIV. A late-breaker presentation will compare the rate of treatment emergent resistance associate mutations in people with HIV taking three-drug single tablet regimens and cabotegravir+rilpivirine. A separate late-breaker oral presentation will explore clinical features and resistance patterns during second-generation INSTI failure from the ROSETTA-registry.
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GVA | Hot Stocks09:25 EST Granite awarded civil scope of work for Mosaic Quarter project - Granite announced that it has been awarded the civil scope of work for Phase 1 of the Mosaic Quarter project, an approximately $27M subcontract for general contractor Hensel Phelps. Mosaic Quarter is a sports and entertainment-focused lifestyle center, serving as a destination point for residents and visitors. It features venues for entertainment, recreational and collegiate sports, including ice hockey, basketball, soccer, and much more.
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CVM | Hot Stocks09:23 EST CEL-SCI, FDA agree on patient selection approach for Multikine study - CEL-SCI announced that in a recent meeting the FDA concurred with the company's approach to patient selection using low PD-L1 tumor expression in its confirmatory registration study for Multikine. This study will focus on the treatment of newly diagnosed locally advanced primary head and neck cancer patients with no lymph node involvement and low PD-L1 tumor expression. This registration study, slated to commence in the first quarter of 2025, will enroll approximately 212 patients and prospectively confirm the favorable safety profile and the very favorable efficacy results demonstrated in the target population in CEL-SCI's prior Phase 3 randomized study of 928 patients.
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MULN | Hot Stocks09:23 EST Mullen Automotive's Bollinger Motors eligible for NYTVIP program - Mullen Automotive announces today that its subsidiary, Bollinger Motors, is now eligible for New York State's New York Truck Voucher Incentive Program, an incentive for commercial electric vehicles from the New York State Energy and Research Development Authority providing up to a $100,000 cash voucher incentive on the all-electric B4 Truck. New York is the fourth state incentive in the Northeast which Bollinger Motors has qualified for.
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WBD | Hot Stocks09:22 EST Warner Bros. Discovery says on track to exceed $1B streaming EBITDA in 2025
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MDXXF | Hot Stocks09:22 EST PharmAla to supply Yale with LaNeo MDMA - PharmAla Biotech Holdingst has been contracted as a supplier of MDMA to a clinical trial at Yale University.
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OKLO | Hot Stocks09:21 EST Oklo completes environmental compliance process for INL power plant site - Oklo announced that the U.S. Department of Energy, or DOE, and the Idaho National Laboratory, or INL, have completed the environmental compliance process addressing the DOE requirements for site characterization at Oklo's first commercial advanced fission power plant site at INL. This process, resulting in an Environmental Compliance Permit, marks a milestone as Oklo advances its plans to deliver the first commercial advanced fission power plant in the United States. This announcement follows the recent finalization of a memorandum of agreement with the DOE, which initiates site characterization activities. It also comes on the heels of the DOE approval of Oklo's Conceptual Safety Design Report for its Aurora Fuel Fabrication Facility, which will recycle nuclear material at INL to fuel the Aurora powerhouse.
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LEXX | Hot Stocks09:21 EST Lexaria Bioscience provides GLP-1 industry update - Lexaria Bioscience provides the following glucagon-like peptide-1 industry update. It is no surprise that Novo Nordisk's blockbuster drug, semaglutide, which is sold under the brand names Ozempic, Wegovy, and Rybelsus, is the bestselling diabetes and weight loss drug in the world today. Novo has, for one hundred years, been the world's leading diabetes drug and research company, after receiving the extraction and purification techniques from the Canadian doctor who discovered insulin in 1921. They owned six of the world's top-15 bestselling diabetes drugs, for combined sales in 2022 of US$16.87 billion for diabetes applications alone, and in just the first half of 2024 generated $8.3 billion from sales of the blockbuster drug, Ozempic(R). Lexaria's strategy is to continue developing and optimizing our wholly-owned DehydraTECH drug delivery platform for application in the GLP-1 space, positioning it as a "must-have" technology for larger companies seeking to develop, defend or increase their cash flows from existing drugs as well as to be utilized in early stages of drug development for next-gen GLP-1 drugs due to hit the market in 2026, 2027, and beyond. An 'arm's race' of sorts has begun amongst the world's pharmaceutical companies once it became apparent that the GLP-1 drugs responsible for life-changing outcomes in diabetes management were also responsible for impressive weight-loss benefits. Close behind Novo is Eli Lilly with its own drug, tirzepatide, which is branded as both Mounjaro and Zepbound. Because of its dual action properties, working on both GLP-1 receptors and also glucose-dependant insulinotropic polypeptide pathways, tirzepatide is even more effective at weight loss and is expected by some analysts to reach $50 billion in global total annual revenue. Global pharmaceutical companies are competing against each other in the GLP-1 space utilizing three main strategies: Developing or acquiring their own new GLP-1 and related molecules under traditional drug development techniques; Developing or acquiring technologies and intellectual property that improves the delivery pharmacokinetics of GLP-1 in attempts to increase drug absorption and decrease drug side effects; and, Developing or acquiring related technologies and IP that can act as platforms for improved drug performance and patient outcomes.
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XLO | Hot Stocks09:19 EST Xilio Therapeutics announces initial data from Phase 1C trial for XTX101 - Xilio Therapeutic announced initial clinical data from its ongoing Phase 1C clinical trial evaluating vilastobart, a tumor-activated, Fc-enhanced, high affinity binding anti-CTLA-4, in combination with atezolizumab in patients with advanced solid tumors. The data will be presented in a late-breaker poster presentation on November 8, 2024, at the Society for Immunotherapy of Cancer, SITC, 39th Annual Meeting taking place in Houston, Texas.
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BA | Hot Stocks09:18 EST Israel Ministry of Defense acquires 25 advanced F-15 aircraft for $5.2B - In a series of tweets, the Israel Ministry of Defense said, "The Israel Ministry of Defense signed yesterday a landmark transaction to acquire the next generation of F-15 fighter jets, purchasing 25 advanced aircraft from Boeing. The $5.2 billion agreement, part of a broader package of U.S. aid approved by the U.S. Administration and Congress earlier this year, includes an option for 25 additional aircraft. The deal was finalized yesterday following negotiations between the IMOD's Mission to the U.S. and Boeing in collaboration with the Israeli Air Force. DG of the IMOD, Maj. Gen. Eyal Zamir signed the procurement authorization during his visit to the U.S. last month. The new F-15IA will be equipped with cutting-edge weapon systems, including state of the art Israeli technologies. The upgraded aircraft will feature enhanced range capabilities, increased payload capacity, and improved performance across various operational scenarios. These advantages will enable the Israeli Air Force to maintain its strategic superiority in addressing current and future challenges in the Middle East. Delivery of the F-15 aircraft will begin in 2031, with 4-6 aircraft to be supplied annually. This procurement marks a significant milestone in deepening the defense cooperation between Israel and the United States, reflecting their mutual commitment to regional security." Reference Link
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IONQ | Hot Stocks09:17 EST IonQ announces partnership with NKT Photonics - IonQ announced a partnership with NKT Photonics, a subsidiary of Hamamatsu Photonics, to procure next-generation laser systems for IonQ's trapped-ion quantum computers and networking equipment. The partnership involves NKT Photonics developing and delivering three prototype optical subsystems to IonQ in 2025, designed to support the commercialization of IonQ's data center-ready quantum computers - such as IonQ Tempo and future barium-based systems.
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RL | Hot Stocks09:16 EST Ralph Lauren says outperformed expectations in Q2 - Says retail business led performance in Q2. Says continues to improve expense management. Says growing social media followers. Says China only represents 8% of total company sales, but sees "significant opportunity" ahead. Says momentum heading into holiday season and "firmly on offense." Comments taken from Q2 earnings conference call.
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FAT FUN | Hot Stocks09:16 EST Fat Brands' Hurricane Grill & Wings open at Six Flags Great Escape Lodge - Hurricane Grill & Wings, owned by FAT Brands (FAT), announce the opening of a new location at Six Flags (FUN) Great Escape Lodge, Lake George's premier family resort destination. As the hotel's brand-new, flagship dining option, the restaurant brings a vibrant, laid-back atmosphere with delicious menu offerings to both resort guests and the Lake George regional community.
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ACHR | Hot Stocks09:15 EST Archer Aviation, Soracle sign agreements to bring air mobility services to Japan - Archer Aviation and Soracle Corporation, a joint venture newly established by Japan Airlines and Sumitomo Corporation, signed agreements focused on bringing advanced air mobility services to Japan.
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NTNX AMZN | Hot Stocks09:15 EST Nutanix expands partnership with Amazon Web Services - Nutanix (NTNX) announced an expanded strategic collaboration with Amazon (AMZN) Web Services to accelerate cloud migration and provide options for customers managing workloads across on-premises and cloud environments. This aims to reduce the friction required for IT modernization, making it easier for customers to leverage AWS services to drive innovation.
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FTNT | Hot Stocks09:13 EST Fortinet announces expansion of generative AI capabilities across portfolio - Fortinet announced the expansion of generative AI capabilities across its product portfolio with the launch of two new integrations with FortiAI, Fortinet's AI-powered security assistant that uses GenAI to guide, simplify, and automate security analyst activities. FortiAI for FortiNDR Cloud is designed to enable threat hunters to easily view detections and observations that correlate to their queries. Security analysts can query FortiAI and easily understand the FortiNDR Cloud coverage capabilities against new and emerging threats, attacker tactics and techniques, and specific vulnerabilities. This streamlines the search process and enhances analyst performance, allowing threat hunters to understand their capabilities against attackers better. FortiAI for Lacework FortiCNAPP focuses on helping SOC teams more quickly understand alerts, including guidance on remediation and corrective actions. Using natural language queries, teams can easily clarify the reason behind the alerts that are generated, understand the risk, such as how an attacker could compromise the system, gain step-by-step guidance on how to investigate and respond, and streamline the remediation of issues with syntactically correct code.
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CLSD SNPHY | Hot Stocks09:13 EST Clearside Biomedical's partner signed new collaboration agreement with Santen - Clearside Biomedical (CLSD) announced today that the Company's Asia-Pacific partner, Arctic Vision, has signed a new commercial collaboration agreement with Santen Pharmaceutical (SNPHY) for ARVN001, branded in the U.S. as XIPERE, for the treatment of uveitic macular edema and certain other ophthalmic indications under development. Under the terms and conditions of the agreement, Arctic Vision has granted the rights of ARVN001 to Santen to commercialize the product candidate in China excluding Taiwan, Hong Kong and Macau. XIPERE for suprachoroidal use was developed by Clearside and is currently being sold in the United States by Bausch + Lomb.
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BMRA | Hot Stocks09:11 EST Biomerica granted additional 180-day period to meet listing compliance - Biomerica announced that it has been granted an additional 180-day compliance period from the Nasdaq Stock Market LLC to meet the minimum $1.00 per share bid price requirement for continued listing on the Nasdaq Capital Market. This extension allows Biomerica until May 5, 2025, to regain compliance.
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XLO | Hot Stocks09:10 EST Xilio Therapeutics expects cash to fund operations into Q2 of 2025 - Based on its current operating plans, Xilio anticipates that its existing cash and cash equivalents as of September 30, 2024, will be sufficient to fund its operating expenses and capital expenditure requirements through the end of the second quarter of 2025.
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XBIO | Hot Stocks09:10 EST Xenetic extends research collaboration with Scripps Research Institute - Xenetic Biosciences has extended its previously announced Research Funding and Option Agreement with The Scripps Research Institute to advance the development of the Company's program on the combination of systemic DNase and CAR T-cell therapies. Xenetic's systemic DNase I candidate is undergoing preclinical evaluation in combination with anti-CD19 CAR-T and anti-EGFR CAR-T cells in models of CD19-expressing hematological cancers and EGFR-expressing metastatic melanoma. Previous studies at TSRI showed that co-administration of DNase I with CAR T cells significantly reduces tumor burden, decreases the number of metastatic foci, and substantially prolongs survival compared to the CAR-T cell monotherapy groups. Degrading of NETs by DNase I increases the amount of tumor-infiltrating T and CAR-T cells and reduces the immunosuppressive effects of the tumor microenvironment. Collected preclinical data highlights the critical role of NETs in modulating CAR-T cell efficacy and we believe provides a compelling rationale for incorporating DNase I as an adjunctive treatment to improve therapeutic responses in patients undergoing CAR-T cell therapy. Xenetic's DNase-based oncology platform is designed to target neutrophil extracellular traps, which are weblike structures composed of extracellular chromatin coated with histones and other proteins. In cancer, NETs are expelled by activated neutrophils into the TME and blood, thereby promoting cancer spread and local and systemic immunosuppression. Reduction of NETs burden via application of Xenetic's proprietary recombinant human DNase I has been shown to improve efficacy of immunotherapy, adoptive cell therapy and chemotherapy in preclinical animal models. Under the terms of the Scripps Research agreement, in addition to advancing Xenetic's existing intellectual property, Xenetic has an option to acquire an exclusive license to any new intellectual property arising from the DNase research program. Xenetic is executing on its plans to advance its DNase-based oncology program towards Phase 1 clinical development for the treatment of pancreatic carcinoma and other locally advanced or metastatic solid tumors.
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GRVY | Hot Stocks09:09 EST Gravity reports results of Rangarok IP launches - Gravity announced that since the official launching of The Ragnarok in 10 regions of Southeast Asia and Ragnarok: Rebirth in Taiwan, Hong Kong and Macau on October 31, The Ragnarok has ranked first in free download of Google Play in 6 regions of Thailand, Indonesia, Philippines, Malaysia, and Singapore, and ranked second in free download of Apple App Store in 4 regions of Thailand, Indonesia, Philippines and Malaysia after pre-download on October 29. After its launching, the game ranked third in top grossing of Google play in Thailand and Philippines, and ranked first in Philippines and second in Thailand and Indonesia in top grossing of Apple App Store. Ragnarok: Rebirth has ranked second in Hong Kong and Macau, and third in Taiwan in free download of Google Play, and ranked first in free download of Apple App Store in Taiwan, Hong Kong and Macau after pre-download on October 29. It has ranked second in Macau, seventh in Taiwan and eighth in Hong Kong in top grossing of Apple App Store, and ranked fifth in top grossing of Google Play in Macau after its launching.
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GNLN | Hot Stocks09:08 EST Greenlane enters exclusive distribution agreement wit Safety Strips - Greenlane Holdings announced an exclusive multi-year distribution agreement with Safety Strips Tech. Under the agreement, Greenlane will exclusively distribute Safety Strips fentanyl, xylazine and drink spike detection test strips in the U.S.
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SWAG | Hot Stocks09:07 EST Stran & Company secures six-figure agreements with leading customers - Stran & Company has secured significant six-figure agreements, collectively expected to generate more than $2 million in sales annually, with three industry-leading customers. The first agreement was signed with a leading national developer, acquirer, and operator of high-quality rental communities. Stran was selected for its extensive range of product and service offerings, bolstered by a strong track record of success. A key factor in Stran's selection was its advanced technology platform, which provides centralized access to essential marketing and branding assets, empowering the client to drive their brand presence seamlessly. The second agreement is with a molecular diagnostics company specializing in cancer prevention, detection, and treatment solutions. Stran's technology and scalable warehousing capabilities were instrumental in winning this contract. The client also recognized Stran's creative expertise while appreciating the Company's preparedness and comprehensive service approach. In the third agreement, Stran was chosen by a global public transportation services provider to enhance their branding efforts with innovative promotional merchandise. Under the agreement, Stran will provide promotional merchandise branding services. Stran's strong reputation, reliability, and tailored product solutions were significant factors in this selection, further underscoring the Company's commitment to delivering creative and impactful marketing solutions.
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LIQT | Hot Stocks09:06 EST LiqTech establishes joint venture in China for marine water treatment - LiqTech , and Jiangsu Marine Equipment have established a joint venture to develop and sell membrane-based water treatment equipment for marine ships in China using our silicon carbide ceramic technology. The JV company, named Nantong JiTRI LiqTech Green Energy, will be located in Nantong Haimen, Jiangsu province. LiqTech will be the majority owner of the JV, contributing its pioneering marine water treatment solutions. JiTRI will be a minority owner and contribute facilities, local support, and with the initial operational and commercial funding. JiTRI is a Technology and Research Institute in Jiangsu province with the aim of promoting innovation and technology commercialization through partnership and joint investment. LiqTech has more than 170 marine water treatment systems installed around world.
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ZVIA WMT | Hot Stocks09:05 EST Zevia expands distribution of Better-For-You soda in Walmart stores - Zevia (ZVIA) is expanding its Walmart (WMT) distribution this month from +800 stores to now being available nationally in over 4,300 locations, an increase of more than five-times current store distribution. The partnership includes Walmart expanding the Better-for-You soda category, resulting in Walmart's new in-store set "Modern Soda." Zevia Soda in Walmart has seen growth in existing Walmart stores over the past two years, with consumers consuming 4x more Zevia products per household versus competition. The Better-for-You soda category is growing overall and just recently reached $1B in sales.
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HOWL | Hot Stocks09:05 EST Werewolf Therapeutics presents preclinical, clinical data on WTX-330 - Werewolf Therapeutics shared clinical and preclinical data at the 2024 Society for Immunotherapy of Cancer's 39th Annual Meeting, taking place November 6-10 in Houston, Texas. WTX-330, a potential first-in-class systemically delivered IL-12 therapy selectively activated in the tumor microenvironment, is currently being evaluated in a Phase 1 clinical trial: NCT05678998. This is Werewolf's second clinical program to validate the INDUKINE design, delivering potent immune mechanisms to the tumor with improved tolerability and evidence of clinical efficacy. Preliminary clinical findings presented at SITC demonstrate WTX-330's promising therapeutic potential as a monotherapy, exhibiting a favorable tolerability profile and inducing tumor shrinkage in patients with treatment-resistant solid tumors, including those tumors that are less sensitive to immunotherapy. A Phase 1/2 dose- and regimen-finding clinical trial, designed to optimize WTX-330 exposure in the tumor microenvironment and explore activity in selected indications, is expected to begin enrolling in the first half of 2025. As of October 7, 2024, the study had enrolled twenty-five patients with diverse solid tumors, including microsatellite stable colorectal cancer, cholangiocarcinoma, metastatic cutaneous melanoma, and non-small cell lung cancer, with more than 70% of patients having received at least two prior lines of therapy for metastatic disease. Key findings include: Favorable tolerability profile: Treatment-related adverse events were primarily mild to moderate; severe AEs occurred but were manageable and reversible. Pharmacokinetic improvements over rhIL-12: WTX-330 had 22-fold greater plasma exposure than the reported maximum tolerated dose of rhIL-12 but with low levels of active IL-12. IL-12 activity and tumor immune activation: Evidence of IL-12 activity in the tumor microenvironment with four patients with MSS CRC showing evidence of tumor immune activation in on-treatment tumor biopsies. Antitumor activity: A 76 year old patient with diffuse in-transit metastatic melanoma who had progressed on adjuvant pembrolizumab achieved a Response Evaluation Criteria in Solid Tumors confirmed partial response. Additionally, Werewolf presented preclinical data demonstrating the ability of INDUKINE molecules containing IL-2, IL-12, IL-21, or IL-18 cytokines to generate cytokine-specific antitumor immunity as monotherapy in mice bearing syngeneic tumors. These data revealed unique pharmacological profiles for each cytokine, underscoring the strategic rationale to develop each as an INDUKINE molecule for targeted therapeutic applications.
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HOWL | Hot Stocks09:02 EST Werewolf Therapeutics sees cash runway through 2Q26 - As of September 30, 2024, cash and cash equivalents were $122.8 million, compared to $135.3 million as of June 30, 2024. The Company believes its existing cash and cash equivalents as of September 30, 2024, will be sufficient to fund operational expenses and capital expenditure requirements through at least the second quarter of 2026.
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ISDR | Hot Stocks08:59 EST Issuer Direct targets margin expansion through operational efficiency - Outlook: Expect communications and subscription model to drive growth; Targeting margin expansion through operational efficiency
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VINO | Hot Stocks08:57 EST Gaucho Group announces milestone in wine sales performance - Gaucho Group announced a significant milestone in its wine sales performance. For the year to date in 2024, the Company's sales have increased by 185% compared to the same period in 2023, coupled with an impressive 40% increase in the average sales price per bottle. This growth in both volume and pricing is the result of strategic initiatives by the Company's wine brand, Algodon Fine Wines, aimed at refining its distribution tactics and enhancing brand positioning within the market. The increased average sales price reflects the successful enhancement of the perceived value of Algodon's wine products, driven by quality improvements and premium branding efforts. These results mark the infancy stages of a new strategic push in the Company's ecommerce direct-to-consumer channels in Argentina, and supported by traditional importer, distribution networks, and retail models in the United States. This phase comes after substantial investments in production capacity and the expansion of the Company's winery in San Rafeal, Mendoza, Argentina. Recent enhancements include new French oak barrels, additional stainless-steel tanks, and a state-of-the-art bottling and labeling machine. These upgrades are critical to Algodon's strategy to manage increased production while maintaining the high-quality standards for which its wines are known.
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LPLA | Hot Stocks08:56 EST LPL Financial: S&G Wealth joins LPL's broker-dealer, RIA, custodial platforms - LPL Financial announced that the financial advisors at S&G Wealth Partners have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $165 million in advisory, brokerage and retirement plan assets,* and they join LPL from Osaic. Based in Tempe, Ariz., the firm is led by financial advisors Scott Garber and Marcus Seiter, with support from Nicole Kennedy, who will become a partner in January. The advisors each have more than 20 years of experience in the financial services industry. Garber, who started his career as an elementary school teacher, focuses on financial education, wealth management and helping clients save for retirement. Seiter has a law degree and manages estate planning for the business, in addition to asset management.
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PCT | Hot Stocks08:56 EST PureCycle Technologies provides Q3 corporate update - PureCycle Technologies announced a corporate update for the third quarter ending September 30, 2024. PureCycle CEO Dustin Olson commented, "The third quarter represented meaningful progress for the Company on multiple fronts. The Company has significantly improved our rates, reliability, and product quality at Ironton. While there is still more work to be done, we are confident in continuing to move the Ironton Facility forward and pursuing nameplate capacity targets in the future. These achievements are allowing the Company to turn its focus toward the next phase of PureCycle's growth by ramping-up our commercialization efforts." Olson continued, "With positive customer feedback and initial success in commercial trials, Q3 was a pivotal time for the team. We are seeing strong interest in our product by leading companies from several market channels and plan to increase production to meet those needs. The Company believes this should lead to meaningful sales going into 2025." As previously announced, the Ironton Facility hit three key production milestones before the end of the third quarter, including one million pounds of feedstock processed in a week; 200,000 pounds of feedstock processed in a day; and feed rates of more than 10,000 pounds per hour. Each of these targets was set with a focus on proving out specific elements of the plant. With the facility having shown greater reliability and uptime, the Company can focus on ramping toward nameplate capacity and improving product quality. The equipment updates to the co-product 2 removal system have been commissioned and are working as designed. In addition to the CP2 removal improvements, the Company advanced its sorting strategy in mid-October by commissioning a new 325,000 square foot facility located in Denver, Pennsylvania. The facility sorts mixed plastic bales using optical and robotic sorting technologies. With these technologies, the facility has been able to improve the polypropylene concentration of the mixed bales from ~60-80% to ~90-95%. The higher concentration of polypropylene combined with the improved CP2 removal system has led to greater output and improved quality at the Ironton Facility. The market continues to lack high quality recycled material and PureCycle offers an answer for companies looking to achieve their sustainability goals. Initial feedback from customers in the qualification process has been very positive and the Company is working to convert these trials into orders in the near future. The Company has produced and built meaningful inventory to meet near term expected demand and give customers confidence Ironton will be able to ramp-up to meet their needs. The increased production volume at the Ironton Facility and expanded efforts with compounding allowed the Company to introduce samples to new markets and further trials with potential customers. PureCycle recently provided The Procter & Gamble Company with compounded material. This will allow P&G to begin the approval process for the recycled resin in various applications. PureCycle plans to provide material to P&G for production beginning in Q2 or Q3 of 2025. The Company completed multiple trials with customers in the fiber market, which has been an underserved area when it comes to recycled polypropylene. These trials were conducted with some of the largest fiber manufacturers in the country and built upon earlier smaller-scale successful trials. PureCycle worked with the manufacturers to produce continuous filament and staple fibers with varying product properties that should allow for the introduction into applications such as carpet, clothing, upholstery, and automotive. The Company also progressed the approval process with one of the largest global automotive manufacturers for both interior and exterior applications. The first application would include PureCycle resin from 100% recycled feedstock.
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ICCT | Hot Stocks08:54 EST iCoreConnect announces expansion of endorsement with the AzDA - iCoreConnect has announced an expanded partnership with the Arizona Dental Association, AzDA. AzDA now endorses five of iCoreConnect's products, building on its initial endorsement of the company's cloud-based electronic prescribing software, iCoreRx, in 2020, and expansion to include iCoreVerify automated insurance verification and iCoreExchange encrypted HIPAA email in 2023. Robert McDermott, CEO of iCoreConnect, expressed excitement about the growing partnership: "AzDA has been a fantastic partner over the past five years. We're excited to offer these innovative new products to their members, furthering our mission to create a platform that streamlines revenue cycle management, enhances efficiency, and boosts profitability for dental practices."
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WBD | Hot Stocks08:53 EST Warner Bros. Discovery: Stock price does not reflect underlying value of company
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DDD | Hot Stocks08:52 EST 3D Systems announces several new products it will showcase at Formnext 2024 - 3D Systems announced several new products it will showcase at Formnext 2024 including advanced printing technologies and materials engineered to help customers meet a variety of application needs and accelerate innovation. The company is introducing next generation products in its Stereolithography and Figure 4 portfolios - PSLA 270 full solution including the Wash 400/Wash 400F and Cure 400, Figure 4 Rigid Composite White and Accura AMX Rigid Composite White - to address true production applications and accelerate the time to part. Additionally, 3D Systems has enhanced its SLS solution portfolio including new materials to drive productivity, flexibility and performance; expanded its MultiJet Printing materials portfolio to address applications with improved efficiency and repeatability; and introduced a new powder management peripheral for its DMP Flex 200, INVAC3D, developed by Delfin Industrial Vacuums. The breadth of new technologies the company is introducing demonstrates its commitment to continuous innovation, enabling customers to transform how they deliver their products and services.
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SMX | Hot Stocks08:52 EST SMX, FinGo enter collaboration mandate to develop 'Phyiscal to Digital' platform - SMX announces its collaboration mandate with Sthaler Ltd, which markets FinGo ID, a cutting-edge Human Identity SaaS. Together, they intend to develop a centralized reporting platform to ensure transparency within the artisanal and small-scale mining sector, and through the entire supply chain to ensure all ASM gold exported comes from an ethical and responsible source. According to the World Bank, one widely used estimate is that more than 100 million people globally depend either directly or indirectly on ASM for their livelihoods. SMX believes the global marketplace for ASM gold is becoming increasingly complex, and the global gold market faces rising regulatory pressure to comply with stringent environmental, social, and governance regulations. It further believes that governments are under pressure to ensure that all gold exports are ethical, compliant with government regulations, and able to report evidential data accurately in real time. This collaboration mandate is the first step in a planned broader relationship between SMX and Sthaler expected to address: Ethical sourcing of precious metals; Child labour; Use of chemicals; Location identification of artisanal miners and mining operations
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VLCN | Hot Stocks08:51 EST Volcon to effect 1-for-8 reverse stock split - Volcon iled an amendment to its amended and restated certificate of incorporation with the Secretary of State of the State of Delaware to effect a 1-for-8 reverse stock split of its common stock. The reverse stock split will take effect at 11:59 pm on November 8, 2024, and the Company's common stock will open for trading on The Nasdaq Capital Market on November 11, 2024 on a post-split basis, under the existing ticker symbol "VLCN" but with a new CUSIP number 92864V509. As a result of the reverse stock split, every 8 shares of the Company's common stock issued and outstanding prior to the opening of trading on November 11, 2024 will be consolidated into one issued and outstanding share, with no change in the nominal par value per share of $0.00001. No fractional shares will be issued as a result of the reverse stock split. Each stockholder of record who would otherwise be entitled to receive a fractional share will be entitled to the rounding up of the fractional share to the nearest whole number.
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WKHS | Hot Stocks08:50 EST Workhorse Group secures multiple orders for W56 electric step vans - Workhorse Group announced it has secured purchase orders from three parcel delivery independent service providers for its W56 step vans. The new orders, received in the 30 days following the Company's participation at FedEx Forward Service Provider Summit, are for seven W56 electric trucks for parcel delivery, including both the standard 178" wheelbase and the new 208" extended wheelbase. All vehicles are scheduled for delivery by the end of the year.
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ONDS | Hot Stocks08:50 EST Ondas' Airbotics secures $1M grant from IIA - Ondas Holdings announced that the Israel Innovation Authority has awarded a NIS 3.8 million grant to support further development of its Iron Drone Raider counter-uncrewed aircraft system owned by its wholly-owned subsidiary, Airobotics. In early 2023, Airobotics acquired the assets of Iron Drone, an Israeli company known for its autonomous counter-drone technology. The Iron Drone Raider, which combines AI-driven detection and interception, can integrate seamlessly with existing detection systems to counter unauthorized drones. Through precise, autonomous actions, the Raider intercepts hostile drones using a specialized interception drone and docking station capable of managing multiple drone threats.
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MODD | Hot Stocks08:49 EST Modular Medical announces results from GLP-1 PoC study - Modular Medical announced results from its pre-clinical GLP-1 proof of concept study. "We are excited by the results of this pre-clinical, proof of concept study in a standard obese mouse model," stated Dr. David Maggs, M.D., medical advisor for this study. "We used a rapid-acting GLP-1 with a short half-life delivered by pump at a continuous basal rate, with several treatment arms adding a moderate additional bolus, just once a day, at the start of the feeding cycle. At the highest basal-bolus dose, we saw a 17.1% weight loss at 28 days compared to 13.7% with basal alone at the same dose, despite the short half-life of bolus GLP-1. We believe this profound effect strongly suggests that a pump delivered basal-bolus GLP-1 could bring weight and glucose benefits similar to or beyond those observed with long-acting and basal-only GLP-1 treatment modalities. A pump-delivered GLP-1 may also offer dosing flexibility for those patients sensitive to GI issues common among currently available GLP-1s. All dosing variations of the rapid-acting GLP-1 outperformed semaglutide in controlling blood glucose excursion after a standard glucose challenge, with the basal-bolus combinations performing the best." As expected, none of the rapid acting GLP-1 arms matched the overall weight loss effect of the semaglutide arm. Notably, however, the semaglutide treated mice lost 8% of their body weight in the first two days of treatment as food and water intake was almost entirely absent. The rapid acting GLP-1 pump-treated mice had a much smoother initiation of treatment, as measured by body weight and food and water intake. "With these encouraging results, we are now planning to take this concept of a synergistic basal-bolus GLP-1 combination into a human trial using our MODD1 device. We are considering both existing fast acting GLP-1s and other peptides for this trial, as we see this as a platform technology that could be used for more personalized titration for both non-responder or non-adherent patients experiencing GI and other issues with long acting GLP-1s, as well as for other specialty applications in metabolic therapies. This type of application is well suited for our MODD1 pump, given its quick training time, simple interface, high accuracy at low flow rates, reusable low-cost electronics, and a prefill-capable 3mL reservoir," stated Jeb Besser, CEO of Modular Medical.
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ENSC | Hot Stocks08:48 EST Ensysce Biosciences receives extension to demonstrate Nasdaq compliance - Ensysce Biosciences as received notice from The Nasdaq Stock Market as described in a decision dated November 5, 2024, that the Company may continue its listing on The Nasdaq Capital Market tier with an extension to November 14, 2024, to demonstrate compliance with the equity requirement in Listing Rule 5550(b)(1) as of September 30, 2024, with filing of its Form 10-Q. Additionally, the Company received an extension toDecember 19, 2024, to evidence compliance with the Minimum Bid Price in Listing Rule 5550(a)(2), all other applicable requirements and the Company's satisfaction of certain other interim conditions.
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TAKOF | Hot Stocks08:47 EST Volatus Aerospace appoints Greg Colacitti as COO - Volatus Aerospace announced the appointment of Omar Mourad, CFA, Director, Private Equity - Manufacturing & Diversified Product with Investissement Quebec, to the Board of Directors. Omar brings extensive expertise in private equity and strategic investment, aligning with Volatus' vision for expansion and industry leadership. Volatus is pleased to announce that Greg Colacitti has been promoted to the position of COO, replacing Steve Magirias, who is no longer with the Company. Greg, who has been with Drone Delivery Canada since 2014, most recently served as Director of Operations and is a co-inventor on all Drone Delivery Canada patents. His leadership approach and alignment with Volatus' post-merger objectives make him well-suited to support the Company's continued growth. As previously announced, Rob Walker, will continue as Chief Commercial Officer. Volatus is also pleased to report that phase one of the post-merger integration of Volatus Aerospace Corp and Drone Delivery Canada is complete ahead of schedule. This progress supports the Company's aggressive efforts to commercialize its proprietary technologies and remote operations capabilities, enabling Volatus to deliver an increasingly comprehensive range of aerial solutions to clients worldwide.
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WBD DIS | Hot Stocks08:47 EST Warner Bros. Discovery says content cadence strong going into 2025, 2026 - Says has great partnerships around the world to increase distribution. Seeing "a lot of strength" with Disney (DIS) and Hulu. Says "we have a lot of growth drivers ahead of us."
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PESI | Hot Stocks08:46 EST Perma-fix Environmental announces completion of Perma-FAS system - Perma-Fix Environmental Services announces the successful completion of the fabrication, installation, commissioning, and startup of its first full-scale commercial Perma-FAS system for PFAS destruction at the Company's Perma-Fix Florida facility. This landmark development in Perma-Fix's PFAS treatment technology marks a significant step forward in the safe, energy-efficient destruction of PFAS, commonly known as "forever chemicals."
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SPAI | Hot Stocks08:46 EST Safe Pro surpasses 10,000 mine detections in Ukraine - Safe Pro Group has reached a historic milestone in Ukraine: over 10,000 explosive devices detected using everyday drones and Artificial Intelligence, paving the way for safer agricultural lands and enhanced food security worldwide. Safe Pro AI's cutting-edge SpotlightAI platform, powered by Amazon Web Services, is transforming drone based mine detection and land reclamation as Ukraine's farmlands face unprecedented destruction due to the full-scale Russian invasion.
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PIRS | Hot Stocks08:45 EST Pieris Pharmaceuticals announces first patient dosed in SELVA Phase 3 trial - Palvella Therapeutics announced the first patient has been dosed in SELVA, a multicenter, Phase 3 clinical trial designed to evaluate the safety and efficacy of QTORIN 3.9% rapamycin anhydrous gel for the treatment of microcystic lymphatic malformations. "We are pleased to have dosed the first patient in our Phase 3 SELVA trial, an important milestone towards our objective of advancing QTORIN rapamycin to potential regulatory approvals and U.S. commercialization," said Wes Kaupinen, Founder and Chief Executive Officer of Palvella. "QTORIN rapamycin has the potential to be the first approved therapy and standard of care in the U.S. for the estimated more than 30,000 diagnosed patients suffering from microcystic LMs in the U.S."
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CSWI | Hot Stocks08:45 EST CSW Industrials deploys $40M for PF Waterworks acquisition - CSW Industrials announced the strategic acquisition of PF Waterworks, LP, deploying $40 million. This additional acquisition in our Contractor Solutions Segment represents the Company's commitment to allocate capital on a risk adjusted returns basis for innovative products which add vitality to our portfolio of products. CSWI funded the transaction with cash on hand. PF Waterworks develops and manufactures revolutionary, problem-solving plumbing products targeting 'Clean and Green' for both residential and commercial applications. The advanced, proven technology used in these products is certified for public health and safety and provides dependable performance that promotes self-sufficiency and makes life easier for homeowners, contractors, property managers, and builders. PF Waterworks sets a new industry standard in drain management products while providing excellent value for partners and customers. The $40 million of capital for the acquisition of PF Waterworks, including estimated working capital adjustments but excluding future earn-outs, represents a valuation of approximately 9.5x PF Waterworks' trailing twelve-month adjusted earnings before interest, taxes, depreciation, and amortization
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MBIO | Hot Stocks08:43 EST Mustang Bio granted Orphan Drug Designation by U.S. FDA for MB-108 - Mustang Bio announced that the U.S. Food and Drug Administration, FDA, has granted Orphan Drug Designation to Mustang for MB-108, a herpes simplex virus type 1 oncolytic virus, for the treatment of malignant glioma. Manuel Litchman, M.D., President and Chief Executive Officer of Mustang, said, "The Orphan Drug Designation for MB-108 is significant for Mustang, as it could provide additional market exclusivity and we hope to advance MB-108, in combination with MB-101, as a potential treatment option for patients living with malignant glioma, including patients with recurrent glioblastoma and high-grade astrocytomas, where there is historically a median overall survival of six months. Our novel therapeutic strategy, combining our MB-108 oncolytic virus with MB-101 CAR-T cell therapy, could be the first-ever industry-sponsored trial of its kind for the treatment of malignant glioma. As such, Mustang plans to also request Orphan Drug Designation from the FDA for MB-101 in malignant gliomas. These advancements highlight our dedication to potentially improving outcomes for patients battling difficult-to-treat cancers."
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TRNR | Hot Stocks08:42 EST Interactive Strength announces 1-for-100 reverse stock split - nteractive Strength will conduct a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-100. The reverse stock split will become effective on November 11, 2024, and the Company's common stock will begin trading on a post-split basis at the market open on November 11, 2024, under the Company's existing trading symbol "TRNR", with the new CUSIP number, 45840Y302. The reverse stock split is part of the Company's plan to regain compliance with the minimum bid price requirement of $1.00 per share required to maintain continued listing on The Nasdaq Capital Market, among other benefits. The reverse stock split range was approved by the Company's stockholders at the Company's Special Meeting of Stockholders held on August 30, 2024, at the discretion of the Company's Board of Directors. The final ratio was approved by the Company's Board on October 31, 2024.
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FCEL | Hot Stocks08:41 EST FuelCell announces 1-for-30 reverse stock split - FuelCell Energy announced that a 1-for-30 reverse stock split of its issued and outstanding shares of common stock will become effective at 5:00 p.m., Eastern time, on November 8, 2024, and that trading of the Company's common stock on a post-split basis on The Nasdaq Global Market is expected to begin on November 11, 2024.
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PALI | Hot Stocks08:40 EST Palisade Bio announces first subject dosed in Phase 1 study of PALI-2108 - Palisade Bio announced that it dosed its first subject in its Phase 1 clinical study of PALI-2108, an orally administered PDE4 inhibitor prodrug that is locally bioactivated in the colon and is in development for patients affected by UC. The Phase 1 study will evaluate PALI-2108 in a single-center, double-blind, placebo-controlled study focused on safety, tolerability, pharmacokinetics, and pharmacodynamics in healthy volunteers, alongside an open-label study involving a patient cohort with UC. Patient screening for the study is underway.
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PLUS DLR | Hot Stocks08:40 EST ePlus and Digital Realty launch AI experience center - ePlus (PLUS) and Digital Realty (DLR) announced a partnership to launch a state-of-the-art AI Experience Center to be hosted in Digital Realty's Innovation Lab located in Ashburn, VA. Designed to help accelerate an organization's AI journey, the AI Experience Center will enable customers to experience AI technologies in data center facilities purpose-built for AI-optimized infrastructure. Hosting the AI Experience Center inside of Digital Realty's Innovation Lab enables customer access to public and private cloud environments via ServiceFabric. Additionally, customers can orchestrate AI-specific workloads across Digital Realty's Private AI Exchange. In addition to the technology demonstrations at the facility, customers can also take advantage of the suite of ePlus AI Ignite assessments and workshops.
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TPB | Hot Stocks08:40 EST Turning Point Brands raises share repurchase authorization by $77.9M to $100M - On November 6 the Board of Directors of the Company increased the Company's share repurchase authorization by $77.9 million to an aggregate amount of $100.0 million.
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SAR | Hot Stocks08:39 EST Saratoga Investment board declares special dividend of 35c per share - Saratoga Investment Board of Directors has declared a base quarterly dividend of $0.74 per share for the fiscal third quarter ending November 30, 2024, and an additional special dividend of $0.35 per share fulfilling our fiscal 2024 distribution requirements. Both dividends are payable on December 19, 2024, to all stockholders of record at the close of business on December 4, 2024.
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VLRS | Hot Stocks08:38 EST Volaris reports October ASM capacity decreased 6.8% year-over-year - In October, Volaris' ASM capacity decreased by 6.8% year-over-year due to the Pratt & Whitney engine inspections offset by fewer aircraft groundings following the return of the initial batch of inspected engines. Volaris transported 2.5 million passengers during the month with a load factor of 87.4%, a 2.1 pp decrease from last year. RPMs for the month declined by 9.0%, with Mexican domestic RPMs down 14.4% and international RPMs up 1.5%. When comparing year-over-year RPMs and load factor results it is useful to note that our 2023 figures were impacted by the accelerating engine inspections. Last year, we had to reduce operations as engines temporarily left our fleet; today, we are gradually adding capacity as engines and aircraft return. Enrique Beltranena, Volaris' President and CEO, said: "In line with the main message from our earnings call - sustained profitability driven by prudent capacity recovery and aggressive cost management - October figures are tracking well, showing strong demand across our markets, with consistently high load factors. Looking ahead, booking trends remain robust through the holiday high season, in line with our guidance."
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NBIX | Hot Stocks08:37 EST Neurocrine's Ingrezza shows efficacy in Huntington's Disease Chorea - Neurocrine Biosciences presented subgroup analyses and data from the KINECT-HD study showing the impact of Iingrezza - valbenazine - capsules on emotional health and psychiatric stability in patients with chorea associated with Huntington's disease. The subgroup analysis showed consistent efficacy in reducing chorea compared to placebo across all identified subgroups, categorized by demographics and baseline assessment scores. A separate data analysis showed improvements in some aspects of emotional health with no worsening of psychiatric symptoms.
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VCNX | Hot Stocks08:37 EST Vaccinex provides update on ActivMAb platform - Vaccinex announced the signing of several proprietary project agreements with Amgen, Merck, Chugai, Absci, Gigagen, Merus, Soleil, ThirdArc and Incyte, employing Vaccinex's ActivMAb technology to generate antibodies to complex antigen targets. In addition, Vaccinex has signed agreements to provide Charles River Labs, OmniAb, Adimab and other undisclosed strategic partners with materials to facilitate their antibody discovery programs using transgenic animal species for immunization or very large synthetic antibody libraries. The financial terms of the agreements are undisclosed. Vaccinex's proprietary ActivMAb Technology enables expression of functional, properly folded complex proteins such as GPCRs and Ion Channels on the relatively simple membrane of poxvirus providing a source of antigen for various antibody discovery strategies. These strategies may involve development of antibody and antibody-based immunotherapies including bi-specifics, antibody drug conjugates, CAR-T cells, T cell engagers, etc. "Our technology is a powerful component of antibody discovery strategies targeting complex membrane proteins and enables both our own R&D efforts and those of our partners," said Ernest Smith, Chief Scientific Officer of Vaccinex. "These agreements and partnerships with established companies underscore ActivMAb's unique ability to address previously hard to drug targets in a format ideally suited for antibody discovery."
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BNZI | Hot Stocks08:36 EST Banzai reports preliminary Q3 adjusted EBITDA ($1.4M) - Preliminary, unaudited Q3 2024 Adjusted Net Loss was approximately ($0.9) million, a $3.6 million sequential improvement from Q2 2024 Adjusted Net Loss of ($4.5) million. This represents an annualized improvement of $14.5 million. "In the third quarter of 2024 we achieved preliminary, unaudited historic record NRR, and strong improvements from the second quarter in both ARR and adjusted Net Income," said Joe Davy, Founder and CEO of Banzai. "We are making significant progress against our annualized goals through our recently launched comprehensive initiative designed to significantly improve Net Income while maintaining our growth outlook. We look forward to providing additional updates at our conference call and quarter financial results on November 14."
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HOVR | Hot Stocks08:36 EST Horizon Aircraft terminates forward purchase agreement with Meteora Capital - New Horizon Aircraft announced the signing of a mutual termination agreement with Meteora Capital Partners of the previous forward purchase agreement entered into in August of 2023, ahead of the SPAC merger completion. Under the Termination Agreement, all obligations owed by the Company or Meteora to the other under the Forward Purchase Agreement are fully satisfied. As part of the termination agreement, the Company will pay a termination fee of $200,000 to Meteora and agreed to issue to Meteora 200,000 shares of common stock if the Company files a resale registration statement within 24 months. In connection with the conclusion of this agreement, the Company expects to record a gain from the FPA termination of between an estimated $20-$25 million in its second quarter ending November 30, 2024.
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NMHI | Hot Stocks08:35 EST Nature's Miracle launches EV business in U.S. and South America - Nature's Miracle's 100% owned subsidiary Hydroman will become Hydroman Electric. In conjunction with this update, Hydroman Electric will launch a new business and strategic pivot focusing on marketing and distribution of electric-powered agriculture vehicles and commercial vehicles throughout the U.S. and South America. This development is accretive to the company's previously announced agreement with Robostreet in which Nature's Miracle will order approximately 150 electric trucks and broader initiative to diversify its business in the electrification economy.
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LRHC | Hot Stocks08:34 EST La Rosa Holdings unveils technology advancements at Growth Summit - La Rosa Holdings announced the commencement of its Growth Summit 2024 in Orlando, Florida, starting at 10 a.m. EST. During the event, the Company will unveil advancements in its proprietary real estate technology. The summit is at capacity, with all 500 tickets claimed. Attendees will gain insights into the latest tools and innovations designed to drive agent success, enhance productivity, and help to position La Rosa as a leader in real estate technology. My Agent Account, La Rosa's proprietary platform, was designed to empower agents with a comprehensive suite of tools and resources. Serving as a centralized hub, it enables agents to stay connected, informed, and efficient in their daily operations. A key feature of the platform is JAEME, a real estate AI assistant designed to inspire and support agents by providing personalized content that boosts marketing, efficiency, and sales efforts. All La Rosa offices have access to My Agent Account and are required to pay a mandatory monthly or annual subscription fee per agent for it. Highlights of La Rosa Realty's technology updates to be introduced at the summit include: Lead Generation Solution: La Rosa is excited to debut a new, proprietary lead generation solution, empowering agents with unique growth and engagement opportunities. This initiative aims to not only enable agents to excel in their business but also introduce a significant new revenue stream for La Rosa, reinforcing the Company's commitment to driving success in the real estate market. White Labeling of JAEME and My Agent Account Ecosystem: As previously announced, in a strategic move to extend its impact, La Rosa intends to offer the entire My Agent Account ecosystem, powered by JAEME, to other brokerages. This approach would create additional revenue streams and foster collaboration among agents and brokerages nationwide. Preview of My Agent Account 4.0: La Rosa will offer an exclusive preview of My Agent Account 4.0, set to launch in 2025, featuring an advanced E-signature Transaction Management module crafted specifically for La Rosa agents. This addition will streamline transaction processes, enhancing agent productivity and reinforcing La Rosa's commitment to technology.
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MDU | Hot Stocks08:33 EST MDU Resources raises 2024 earnings view for regulated energy delivery business - Now sees 2024 earnings guidance for its regulated energy delivery businesses to $180M-$185M from $170M-$180M.
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SABR | Hot Stocks08:33 EST Sabre, Air India advance partnership - Sabre announced a major milestone in air travel distribution for India, with the launch of New Distribution Capability content for Air India, the country's flagship airline. As part of Air India's strategic modernization efforts, the introduction of NDC offers through Sabre will enhance the way Sabre-connected travel agents shop, book and service Air India reservations. Sabre's NDC capabilities, a core component of its multi-source content platform, will provide agencies with rich content and real-time offers from Air India, ultimately, giving travelers greater transparency, choice, and flexibility.
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DDOG | Hot Stocks08:31 EST Datadog 'mindful' some customers may optimize cloud and observability usage - On the company's earnings call, Datadog executives stated: "While we believe that adoption of ROI will continue to benefit Datadog in the long term, we are mindful that some of the large customers in this cohort have ramped extremely rapidly, and that these customers may optimize cloud and observability usage and increase their commitments to us over time with better terms. This may create volatility in our revenue growth in future quarters."
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TRIB | Hot Stocks08:30 EST Trinity Biotech regains compliance with Nasdaq listing requirements - Trinity Biotech announced that on November 6, 2024, it received written notice from the Nasdaq Stock Market confirming that the Company has regained compliance with the minimum market value of publicly held shares requirement under Nasdaq Listing Rule 5450(b)(2)(C) (the "MVPHS Requirement").
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ENLT | Hot Stocks08:29 EST Enlight Renewable announces power purchase agreement for Snowflake A Project - Enlight Renewable Energy announces that its U.S. subsidiary Clenera has signed a new power purchase agreement, PPA, with Arizona Public Service, APS, for its Snowflake A Project. The busbar fixed price PPA encompasses the Project's 600 MW of solar generation capacity and 1900 MWh of energy storage availability, and is for a duration of 20 years. "This marks a major steppingstone for Clenera and Enlight in Arizona," said Adam Pishl, CEO of Clenera. "We have spent years working with local and state regulators to design a project that fits the location, makes excellent use of the land, and will be a generational benefit to the region. Our engagement with the community has been very positive and I look forward to delivering a new source of clean energy to APS ratepayers."
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NGLOY | Hot Stocks08:29 EST Black Iron signs royalty, offtake agreement with Anglo American - Black Iron announced the signing of a legally binding royalty agreement and offtake agreement with Anglo American for a US$4 million royalty investment, offtake rights and future potential construction prepayments. Black Iron's Shymanivske Iron Ore Project located in Kryvyi Rih, central Ukraine, will be developed in two phases - with Phase 1 producing approximately 4 million tonnes per annum and Phase 2 production increasing to approximately 8 million tonnes per annum. Certain key terms of the Transaction that have been agreed upon include: Anglo American will invest US$4 million in two tranches in exchange for a gross revenue royalty of 1.0% should the prevailing 65% iron CFR China iron ore price be less than US$120 per tonne and 1.5% should the price be equal to or higher than US$120 per tonne for Black Iron's first 60 million tonnes of production at the Project. The first tranche consisting of US$2.6 million will be invested now and the balance upon Black Iron renewing its permits; Black Iron reserves the right to buy back this Royalty at any time at a buyback price that provides a pre-agreed internal rate of return to Anglo American; Anglo American's investment in the Royalty secures it offtake rights to the higher of 60% or 2.4 million tonnes per year of the Phase 1 production for life of mine: The agreement also provides for a right of first offer for Anglo American to further invest at least 15% of the Phase 1 construction cost as part of a consortium after the conflict in Ukraine ends. Such additional investment by Anglo American would result in the increase of its offtake to 100% of the Phase 1 production for an expected 4 million tonnes per annum. Additionally, Anglo American also has first refusal rights to fund a further 15% of expansion construction cost for Phase 2 of the Project. Provision of such funding would secure Anglo American 100% of the life of mine offtake rights for Phase 2 of the Project, for an expected 8 million tonnes per annum. The Offtake includes a profit-sharing component which aligns the interests of both parties and thereby generates a strong interdependent relationship of mutual benefit. Black Iron and Anglo American will also mutually benefit from any realized shipping cost savings by selling the product to steel mills located closer to Ukraine than China, such as those in the Middle East where there is strong demand for such high purity direct reduction iron ore.
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WBD | Hot Stocks08:27 EST Warner Bros. Discovery seeing 'strong momentum' in DTC business - Expects momentum to continue in Q4. Expects to use all free cash flow to retire debt.
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STLA IFNNY | Hot Stocks08:27 EST Stellantis, Infineon to jointly work on power structure of electric vehicles - Stellantis (STLA) and Infineon Technologies (IFNNY) announced they will work jointly on the power architecture for Stellantis' electric vehicles to support Stellantis' ambition of offering clean, safe and affordable mobility to all. To support this, the companies have signed major supply and capacity agreements that will serve as the foundation for the planned collaboration to develop the next generation of power architecture, including: Infineon's PROFET(TM) smart power switches, which will replace traditional fuses, reduce wiring and enable Stellantis to become one of the first automakers to implement intelligent power network management. Silicon carbide (SiC) semiconductors, which will support Stellantis in its efforts to standardize its power modules, improve the performance and efficiency of EVs while also reducing costs. AURIXTM microcontrollers, which target the first generation of the STLA Brain zonal architecture.
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EHAB | Hot Stocks08:27 EST Enhabit appoints Ryan Solomon as CFO - Enhabit announced the appointment of Ryan Solomon as its next CFO, effective Dec. 9. Solomon's appointment follows the previously announced transition of Crissy Carlisle, CFO. Solomon brings to Enhabit over 20 years of corporate strategy and finance experience, including eight years as CFO in the home health and hospice space and other industries.
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QXO | Hot Stocks08:25 EST QXO, Inc. appoints Rao as chief artificial intelligence officer - QXO announced that Ashwin Rao has been appointed chief artificial intelligence officer, effective immediately. He will serve as the company's principal AI architect, as QXO becomes a leader in the $800 billion building products distribution industry.
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ITCI | Hot Stocks08:24 EST Intra-Cellular to present at 2024 Psych Congress, NEI Congress - Intra-Cellular Therapies announced presentations about lumateperone including the results from Phase 3 adjunctive Major Depressive Disorder Studies 501 and 502 at Psych Congress held October 29- November 2 in Boston and Neuroscience Education Institute Congress being held November 7-10 in Colorado Springs. Studies 501 and 502 demonstrated robust efficacy of lumateperone as an adjunctive therapy to antidepressants for the treatment of MDD. In the primary endpoint, the Montgomery-Asberg Depression Rating Scale total score, lumateperone demonstrated a large separation versus placebo of 4.9 points in Study 501 and 4.5 points in Study 502 with robust effect sizes of 0.61 and 0.56 respectively. This efficacy was confirmed in both studies not only by the primary endpoint, the MADRS total score, but also by the strong results in the clinician rated Clinical Global Impression Scale for Severity of Illness scale and the patient reported Quick Inventory of Depressive Symptomatology Self-Report scale. CAPLYTA's efficacy results were complemented with a favorable metabolic, weight and movement disorder profile. In the adjunctive MDD setting these data present a compelling clinical profile for lumateperone in the treatment of MDD. These results further support the Company's vision for CAPLYTA to become a leading option for patients and providers across mood disorders.
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MRM SBC | Hot Stocks08:24 EST MEDIROM healthcare, SBC Medical announce business alliancec - MEDIROM Healthcare (MRM) announced a business alliance with SBC Medical Group Holdings Incorporated (SBC) a global owner, operator and provider of management services and products to cosmetic treatment centers. The company said, "Our two leading healthcare service providers have more than 4 million members across their loyalty programs at SBC's "Shonan Beauty Clinic" and MEDIROM's "Re.Ra.Ku wellness salon". In addition to bringing customers enhanced offerings and expertise, the alliance will seek to create compelling, integrated opportunities to harness the power of these loyal customers and reward them when they receive services at SBC Medical and MEDIROM."
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REG | Hot Stocks08:23 EST Regency Centers raises quarterly dividend 5.2% to 70.5c per share - Regency Centers announced that the Company's Board of Directors declared quarterly cash dividends on Regency's common stock, Series A preferred stock, and Series B preferred stock. On November 5, 2024, the Board declared a quarterly cash dividend on the Company's common stock of $0.705 per share, representing an increase of $0.035 per share, or 5.2%, from the prior quarterly dividend. The dividend is payable on January 3, 2025, to shareholders of record as of December 16, 2024. On November 5, 2024, the Board declared a quarterly cash dividend on the Company's Series A preferred stock of $0.390625 per share. The dividend is payable on January 31, 2025, to shareholders of record as of January 16, 2025. On November 5, 2024, the Board declared a quarterly cash dividend on the Company's Series B preferred stock of $0.367200 per share. The dividend is payable on January 31, 2025, to shareholders of record as of January 16, 2025.
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LAB | Hot Stocks08:22 EST Standard BioTools appoints Kim as Chief Financial Officer - Standard BioTools announced the appointment of Alex Kim as Chief Financial Officer, effective November 11, 2024. Kim, a co-founder and most recently Chief Operating Officer of Standard BioTools, brings nearly 30 years of financial and operations experience in the healthcare and life sciences industries to the role and will oversee Standard BioTools' finance organization. Prior to joining Standard BioTools, Kim was President of Milliken's Healthcare Division, initially joining the company in 2015 as Executive Vice President of Corporate Strategy and Corporate Development. From 2012 to 2015
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INDP | Hot Stocks08:21 EST Indaptus Therapeutics completes safety, PK, biomarker data on Decoy20 - Indaptus Therapeutics announces compelling safety, pharmacokinetics, PK, and biomarker data on its lead compound, Decoy20, at the Society for Immunotherapy of Cancer, SITC, 2024 annual meeting. The data derive from two cohorts of Decoy20 single administration and one cohort (6 patients) of Decoy20 weekly administration in the Company's ongoing Phase 1 clinical trial. The SITC conference is being held November 6-10, 2024 in Houston, Texas. The data presented demonstrated that Decoy20 administered intravenously once weekly mainly showed side effects that were classified as mild or moderate and transient in duration. Further, pharmacokinetic analysis confirmed that Decoy20 quickly disappeared from the bloodstream after administration, supporting the Company's "pulse" approach. One patient in the trial who has squamous cell carcinoma of the head and neck with high levels of PD-L1, which is a protein that is associated with tumor response to certain immunotherapies, had "stable disease" - meaning the cancer had not progressed or worsened - at the time of their first imaging scan.
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BTOC | Hot Stocks08:21 EST Armlogi Holding announces new warehouse lease in Ontario, CA - Armlogi Holding announced the lease of a new 480,000 square foot warehouse facility in Ontario, California. This facility is located in the I-15 Freeway corridor, nestled between the I-10 and 60 Freeways, providing accessibility and distribution efficiency for Armlogi's operations in Southern California. The newly leased facility features approximately 5,000 square feet of office space, with ample room for operational management and administrative functions. The warehouse has height clearance of 24 feet, accommodating various storage and logistics activities. Key operational features include 46 dock high-loading doors, 38 mechanical pit levelers for enhanced loading efficiency, and five grade-level doors that facilitate easy access for ground-level operations. The Ontario warehouse is poised to become a vital component of Armlogi's logistics network, further strengthening the Company's infrastructure and its ability to provide flexible, efficient, and secure logistics solutions. The warehouse is fitted with an 800 Amp, 480/277 volt power supply to support high-capacity operations and advanced logistics technologies. Additionally, the facility features an all-concrete loading area designed to withstand heavy industrial use and enhance the longevity and functionality of the loading docks.
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SUNS EWBC | Hot Stocks08:21 EST Sunrise Realty Trust announces closing of senior revolving credit facility - Sunrise Realty Trust announced the closing of a new senior secured revolving credit facility with East West Bank serving as agent and the initial lender. The Revolving Credit Facility provides access up to $200 million in borrowing capacity, subject to available borrowing base and additional commitments, with an initial commitment of $50 million. With favorable terms, including an interest rate of SOFR plus 2.75%, the Revolving Credit Facility offers SUNS flexibility to borrow and repay funds as needed. This facility strengthens SUNS' ability to pursue strategic growth initiatives and capitalize on high-quality investment opportunities across the Southern United States.
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SYY | Hot Stocks08:20 EST Sysco becomes official partner of MICHELIN Guide Texas ceremony - Sysco announced its new partnership with the MICHELIN Guide, becoming the official wholesale food distribution partner for the MICHELIN Guide Texas ceremony. This collaboration will bring Sysco's high-quality, premium products and culinary expertise to the culinary event.
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LSB | Hot Stocks08:19 EST LakeShore Biopharma initiates BLA submission to DRAP for PIKA rabies vaccine - LakeShore Biopharma announced the initiation of its Biologics License Application submission to the Drug Regulatory Authority of Pakistan for the conditional approval of its PIKA rabies vaccine for post-exposure prophylaxis. This submission is based on the results that met the primary endpoints of the vaccine's global pivotal trial and demonstrated the vaccine's potential to achieve accelerated protection and meet the WHO's goal of a one-week rabies vaccine regimen to replace the conventional three- or four-week regimens. The PIKA Rabies Vaccine, which utilizes LakeShore Biopharma's proprietary PIKA adjuvant technology based on Toll-like receptor 3 immunological pathway, is designed to produce a more robust immune response in an accelerated timespan compared to existing rabies vaccines. It was granted orphan drug designation by the US FDA for prevention of rabies virus infection including post-exposure prophylaxis for rabies. The pivotal registration Phase 3 Trial was a randomized, comparator-controlled, double-blind, multicenter trial which includes 4,500 participants from the Philippines and Pakistan. It is designed to assess the immunogenicity, safety, and lot-to-lot consistency of three lots of the PIKA Rabies Vaccine in healthy adults using a 7-day vaccine schedule, versus a globally marketed comparator following the standard 28-day regimen. The primary immunogenicity endpoints of the study were geometric mean titers of rabies virus neutralizing antibodies and RVNA seroconversion rate at Day 14 in the first 900 participants. This accelerated and higher seroconversion rate came at no cost to safety, with the safety profile of the PIKA Rabies Vaccine remaining highly tolerable.
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NNDM | Hot Stocks08:18 EST Nano Dimension sends a letter to its shareholders - Nano Dimension sent a letter to its shareholders in connection with the Company's upcoming 2024 Annual General Meeting of Shareholders. The letter reiterates the disciplined and focused steps the Company is taking to drive value for all shareholders. Nano's Board of Directors urges shareholders to protect their investment and the Company's future by voting today "FOR" ALL of Nano's proposals. Votes must be received by 11:59 p.m. ET on Sunday, December 1st, 2024. Shareholders of record as of the close of business on October 22nd, 2024, are entitled to vote at the Meeting. The Annual Meeting will be held on Friday, December 6th
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BKE | Hot Stocks08:18 EST The Buckle reports October 2024 comparable sales up 0.6% year over year - October net sales increased 0.1% to $87.9M from $87.8M for October 2023. Comparable store net sales for the 13-week third quarter ended November 2, 2024 decreased 0.7% from comparable store net sales for the 13-week period ended November 4, 2023.
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DUOT | Hot Stocks08:17 EST Duos Technologies Group acquires additional Edge Data Centers - Duos Technologies Group, through its operating subsidiary Duos Edge AI, announced the early deployment of three new EDCs across Texas. The accelerated acquisition was enabled by using a financing partner, underscoring the Company's fast-to-market capabilities in delivering edge computing solutions for underserved areas. These additional EDCs will provide low-latency, high-speed internet access tailored for remote districts, directly addressing connectivity challenges faced by schools and public institutions in Texas. The acquisition of these additional units aligns with Duos Edge AI's commitment to supporting regional development by enabling seamless access to modern digital resources. The three new EDCs, built by strategic partner Accu-Tech, are complete and ready for deployment. Duos Edge AI intends to deploy these for identified opportunities and expects the acquisition to accelerate plans for having up to 15 units deployed and generating revenue by the end of 2025.
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ANVS | Hot Stocks08:17 EST Annovis Bio appoints Peterson as Senior Clinical Scientist - Annovis Bio announced the appointment of Matthew Peterson, Ph.D., as Senior Clinical Scientist. Dr. Peterson will be responsible for medical, ethical, and scientific quality and rigor in the initiation, conduct, reporting, and successful completion of Annovis' clinical trials.
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CUZ | Hot Stocks08:17 EST Cousins Properties to acquire lifestyle office property in Charlotte for $328.5M - Cousins Properties announced that it is under contract to acquire Vantage South End, a 639,000 square foot lifestyle office property in Charlotte, for $328.5M. The transaction is expected to close in December, subject to customary closing conditions. Vantage South End is located in the heart of the dynamic South End submarket and is approximately two blocks away from Cousins' existing RailYard property as well as its South End Station development parcel. The property is comprised of two office towers, which were completed in 2021 and 2022, and is currently 97% leased with a weighted average lease term of over nine years.
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GNSS | Hot Stocks08:15 EST Genasys announces four-year contract with Los Angeles County - Genasys announced a four-year contract with Los Angeles County for Genasys ALE mass notification software services. LA County's successful use of Genasys EVAC, EVAC, emergency evacuation management services since 2022 led to the County's decision to replace its previous mass notification provider with ALERT to enhance public safety for the county's 9.8 million residents and 50 million annual visitors during wildfires and other disasters.
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WBD | Hot Stocks08:15 EST Warner Bros. Discovery says 'working aggressively' to pare down expense base - Says making "strong progress" executing strategy. Says making "substantial progress" at Max. Expects Max subscriber growth going forward. Expects content to provide "meaningful competitive advantage." Expects to surpass EBITDA goal in 2025. Anticipates improved profit from studios in Q4. Comments taken from Q3 earnings conference call.
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AWH OPK | Hot Stocks08:14 EST Aspira Women's Health expands collaboration with Bioreference - Aspira Women's Health (AWH) announced the expansion of its co-marketing and distribution collaboration with BioReference Health, a wholly-owned subsidiary of OPKO Health. (OPK), a multinational biopharmaceutical and diagnostics company that seeks to establish industry-leading positions in large, rapidly growing markets. Under the terms of the expanded agreement, Aspira and BioReference will join forces to market Aspira's complete OvaSuite portfolio, including OvaWatch(R) and Ova1Plus, to BioReference women's healthcare provider clients. BioReference and Aspira have co-marketed and distributed Ova1Plus since 2022. The approval of OvaWatch by the New York State Department of Health's Clinical Laboratory Evaluation Program (CLEP) in early October paved the way for the expanded relationship by making it available to the 15+ million women in New York and New Jersey.
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TUSK | Hot Stocks08:14 EST Mammoth Energy CEO Arty Straehla to retire, Phil Lancaster to succeed - Mammoth Energy announced that Arty Straehla has notified Mammoth's Board of Directors of his decision to retire as the CEO of the company, effective as of December 31, 2024. He will remain the CEO of the company until Phil Lancaster, who currently serves as the company's Vice President of Corporate Development, transitions into the role of the CEO. Lancaster will assume the role of the company's CEO effective as of January 1, 2025. In connection with Straehla's pending retirement, Straehla has also resigned as a director of the company, effective as of December 31, 2024.
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THRD | Hot Stocks08:12 EST Third Harmonic Bio sees cash runway through at least 2026 - Cash and cash equivalents totaled $296.1 million as of September 30, 2024. Based on the Company's current operating plan, Third Harmonic Bio believes that its existing cash and cash equivalents will be sufficient to fund its operating expenses and capital expenditure requirements through at least 2026.
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IMNN | Hot Stocks08:11 EST Imunon sees cash runway into 3Q25 - The Company had $10.3 million in cash, investments and accrued interest receivable as of September 30, 2024. The Company believes it has sufficient capital resources to fund its operations into the third quarter of 2025.
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SWTX | Hot Stocks08:11 EST SpringWorks Therapeutics' ogsiveo shows long-term efficacy in Phase 3 trial - SpringWorks Therapeutics announced that long-term efficacy and safety data from the Phase 3 DeFi trial of nirogacestat in adults with progressing desmoid tumors will be presented as a late-breaking oral presentation at the Connective Tissue Oncology Society 2024 Annual Meeting November 13-16 in San Diego, CA. These results, utilizing an August 2024 data cutoff date, showed that longer-term treatment with nirogacestat was associated with further reductions in tumor size, increase in objective response rate with additional partial responses and complete responses, sustained improvements in desmoid tumor symptoms including pain, and a consistent safety profile compared to the April 2022 data cut utilized for the primary results of the trial.
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SGN | Hot Stocks08:10 EST Signing Day Sports reports progress on planned acquisition of Swifty Global - Signing Day Sports provided an update on the process to close on the recently announced transaction to acquire Dear Cashmere, doing business as Swifty Global. The company has executed an amendment to its binding term sheet, dated September 18, with Swifty and its two principal stockholders, to extend the date by which the parties will use commercially reasonable efforts to close the transaction. Under the original binding term sheet, this date was October 31. The amended term sheet extended this date to November 22, to allow both Signing Day Sports and Swifty to continue their cooperative efforts to gain all regulatory approvals necessary to close the transaction.
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LVO | Hot Stocks08:09 EST LiveOne continues process to explore strategic alternatives - As previously announced with the assistance of J.P. Morgan, LiveOne is continuing a process to explore strategic alternatives to enhance shareholder value. Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination. There can be no assurance that LiveOne's efforts will result in a specific transaction or any particular outcome or its timing.
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AU | Hot Stocks08:07 EST AngloGold Ashanti and AngloGold Ashanti provide update on proposed joint venture - Gold Fields and AngloGold Ashanti agreed key terms for a proposed joint venture between Gold Fields' Tarkwa Mine and AngloGold Ashanti's Iduapriem Mine in Ghana. Notwithstanding engagement with the Government of Ghana since the announcement of the Proposed Joint Venture on 16 March 2023, the requisite approvals by the Government of Ghana for the Proposed Joint Venture have not yet been obtained. Gold Fields and AngloGold Ashanti have sought to secure the requisite approvals, which include approval of the Proposed Joint Venture by the Parliament of Ghana, ahead of the October 2024 Parliamentary recess before the Ghana national elections to be held in December 2024. The Parties continue to believe that a combination of the two neighbouring mines into a single managed entity is compelling. In the absence of the requisite approvals from the Government of Ghana and clear timelines for execution of an agreement, Gold Fields and AngloGold Ashanti will maintain engagement in relation to a potential asset combination while separately continuing to pursue improvements to their respective assets.
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MBX | Hot Stocks08:07 EST MBX Biosciences sees cash runway into mid-2027 - As of September 30, 2024, MBX had cash, cash equivalents and marketable securities of $277.1 million compared to $80.7 million as of December 31, 2023. Based on its current operating plan, management expects the combined cash, cash equivalents and marketable securities balance to fund operations into mid-2027.
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CVE | Hot Stocks08:05 EST Cenovus Energy renews share buyback program - Cenovus Energy announced that the TSX has approved the renewal of the company's normal course issuer bid to purchase up to 127,489,549 common shares during the 12-month period commencing November 11, 2024 and ending November 10, 2025. Cenovus's prior NCIB for the purchase of up to 133,160,021 common shares is set to expire on November 8. As at October 31, Cenovus had repurchased an aggregate of 64,729,372 common shares at a weighted-average price of $25.20 per common share under its prior NCIB. The number of shares authorized for purchase under the NCIB renewal represents 10% of Cenovus's public float, as of October 31. On October 31, 2024 Cenovus had 1,826,621,068 common shares outstanding.
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EXTR | Hot Stocks08:05 EST Extreme Networks deepens partnership with NHL - Extreme Networks announced that it has deepened its partnership with the NHL. As a result, several NHL clubs, including the Anaheim Ducks, Calgary Flames, Columbus Blue Jackets and Nashville Predators, have deployed Extreme solutions to enhance in-arena Wi-Fi connectivity.
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PMVP | Hot Stocks08:05 EST PMV Pharmaceuticals sees cash runway to end of 2026 - PMV Pharma ended the third quarter with $197.9 million in cash, cash equivalents, and marketable securities, compared to $238.1 million as of September 30, 2023. Net cash used in operations was $34.6 million for the nine months ended September 30, 2024, compared to $43.6 million for the nine months ended September 30, 2023.
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BWA F | Hot Stocks08:03 EST BorgWarner says Joseph Fadool to replace Frederic Lissalde as CEO - BorgWarner (BWA) announced that its Board of Directors approved a leadership succession plan whereby Joseph Fadool, BorgWarner's Executive Vice President and COO, has been appointed President and CEO and a member of BorgWarner's Board of Directors effective at the close of business on February 6, 2025. At that time, Frederic Lissalde will retire from his role as President and CEO and step down from the Board of Directors. To support a seamless transition, Lissalde will serve in an advisory role until August 30, 2025. Joseph Fadool joined BorgWarner in 2010 and has held a number of top positions across the company, including COO and President and General Manager of Emissions, Thermal and Turbo Systems, Morse Systems and TorqTransfer Systems, the precursor to PowerDrive Systems. Prior to joining BorgWarner, Fadool worked at Continental Automotive Systems as Vice President for North American Electronic Operations and at Ford Motor Company (F).
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PZZA CRI | Hot Stocks08:03 EST Papa John's appoints Jenna Bromberg to chief marketing officer - Papa John's (PZZA) announced the appointment of Jenna Bromberg to chief marketing officer, effective November 14. Bromberg brings a blend of quick-service restaurant and modern retail marketing expertise to the role. She joins Papa Johns from Carter's (CRI), where she served as VP of brand marketing and creative, leading multiple brands through the pandemic period and launching several groundbreaking marketing campaigns.
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QNRX | Hot Stocks08:03 EST Quoin Pharmaceuticals continues to evaluate M&A opportunities - The company said, "Quoin is committed to advancing its clinical programs and remains focused on expanding the potential indications for QRX003. The company's efforts in initiating clinical studies in additional rare disease indications, such as Peeling Skin Syndrome, and expanding its global clinical footprint for Netherton Syndrome trials are crucial steps in Quoin's strategy to bring new treatments to patients with serious unmet needs. The Company continues to evaluate M&A opportunities within the rare and orphan disease space as part of its long-term growth strategy."
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QNRX | Hot Stocks08:02 EST Quoin Pharmaceuticals sees cash runway into late 2025 - Quoin had approximately $10.3 million in cash, cash equivalents and marketable securities as of Sept. 30, 2024. This is expected to fund the Company's operations into late 2025.
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GERN RPRX | Hot Stocks08:01 EST Geron announces $375M in synthetic royalty, debt financings with Royalty Pharma - Geron (GERN) announced up to $375M in synthetic royalty and debt financings with Royalty Pharma (RPRX) and investment funds managed by Pharmakon Advisors, of which $250M in cash was provided at closing and another $125M in debt is available. The transactions are comprised of a $125M synthetic royalty with Royalty Pharma and $250M of committed senior secured debt with investment funds managed by Pharmakon Advisors. Royalty Pharma has provided $125M at closing and will receive tiered royalty payments on U.S. net sales of Rytelo, ranging from 7.75% of annual net sales up to $500M, 3% of annual net sales between $500M and $1B, and 1% of annual net sales over $1B. Payments to Royalty Pharma will cease if the aggregate royalties payable through June 30, 2031, reach a multiple of 1.65 its investment, otherwise the royalty payments will continue until Royalty Pharma receives a multiple of 2.0 its investment. There are no other royalties payable on Rytelo, which was developed internally and is exclusively owned by Geron.
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LASE | Hot Stocks07:58 EST Laser Photonics, Fonon receive order through Noble partnership - Laser Photonics in partnership with Fonon Technologies, announced that it has received an order for the DefenseTech MRLS Finishing laser system through Noble.
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PLTR AMZN | Hot Stocks07:57 EST Palantir, Anthropic announce partnership with Amazon Web Services - Anthropic and Palantir Technologies (PLTR) announced a partnership with Amazon Web Services (AMZN) to provide U.S. intelligence and defense agencies access to the Claude 3 and 3.5 family of models on AWS. This partnership allows for an integrated suite of technology to operationalize the use of Claude within Palantir's AI Platform while leveraging the security, agility, flexibility, and sustainability benefits provided by AWS. The partnership facilitates the responsible application of AI, enabling the use of Claude within Palantir's products to support government operations such as processing vast amounts of complex data rapidly, elevating data driven insights, identifying patterns and trends more effectively, streamlining document review and preparation, and helping U.S. officials to make more informed decisions in time-sensitive situations while preserving their decision-making authorities. Claude became accessible within Palantir AIP on AWS earlier this month. With Palantir's AIP, customers can now operationalize Claude using an integrated suite of technology, facilitated by Amazon SageMaker, an accredited fully managed service, and hosted on Palantir's Impact Level 6 accredited environment, supported by AWS. Palantir and AWS are among a limited number of companies to receive the Defense Information Systems Agency IL6 accreditation requiring some of the strictest security protocols.
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SAVA | Hot Stocks07:57 EST Cassava Sciences expects cash to support operations into 2026 - $149.0 Million in Cash and Cash Equivalents at September 30, 2024. Expected To Support Operations Into 2026
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ZENA | Hot Stocks07:57 EST ZenaTech participates in a Trade Mission to Taipei, Taiwan - ZenaTech announces that company principals are currently participating in a Trade Mission to Taipei, Taiwan as part of an Arizona Commerce Authority, ACA, delegation, with the goal of opening a manufacturing office for its previously announced Spider Vision Sensors Ltd. subsidiary. This subsidiary will manufacture drone sensors and components to be integrated with ZenaDrone multifunction autonomous AI drones, manufactured at company facilities in Sharjah, UAE, and future facilities in Phoenix, Arizona. ZenaTech's CEO and CTO are in Taiwan finalizing manufacturing office facilities, meeting with potential partners, and completing registration tasks to establish and open this company in November.
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SAVA | Hot Stocks07:57 EST Cassava Sciences sees 2H24 net cash use $40M-$50M - Net cash used in operations for second half 2024 is expected to be $40 to $50 million, consistent with previous guidance. In addition, the Company intends to pay a previously announced $40 million SEC investigation settlement, which has been placed in escrow and excluded from cash and cash equivalents. The Company estimates cash and cash equivalents at year-end 2024 in a range from $117 to $127 million.
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NWSA NWS | Hot Stocks07:56 EST Proxy advisory firms tell News Corp. shareholders vote for Starboard proposal - Starboard Value, one of the largest shareholders of News Corp. announced that Institutional Shareholder Services, or ISS, Glass, Lewis, and Egan-Jones, three U.S. proxy advisory firms, recommend shareholders vote for Starboard's proposal to collapse the dual-class share structure at the company's upcoming 2024 Annual Meeting of Shareholders. Additionally, Ownership Matters Governance Advisors, a proxy advisory firm in the Australian market, recommends shareholders vote for this same proposal.
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ADPT | Hot Stocks07:56 EST Adaptive Biotechnologies receives expanded Medicare coverage of clonoSEQ - Adaptive Biotechnologies announced that Palmetto GBA, a Medicare Administrative Contractor, MAC, that assesses diagnostic technologies through its Molecular Diagnostics Services Program, MoIDX, has expanded coverage of clonoSEQ to include detection and monitoring of measurable residual disease, MRD, in Medicare patients with mantle cell lymphoma
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CALC | Hot Stocks07:55 EST CalciMedica name Stephen Bardin as CFO - CalciMedica announced the appointment of Stephen Bardin as CFO and the planned departure of Daniel Geffken, Interim CFO upon filing the company's third quarter financial statements. Bardin brings extensive capital raising, corporate development, and strategic finance expertise to CalciMedica, having most recently served as CFO of atai Life Sciences.
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NCAUF | Hot Stocks07:54 EST Newcore Gold appoints Pangbourne as Strategic Advisor - Newcore Gold announces the appointment of Alan Pangbourne as a Strategic Advisor to the Company. Mr. Pangbourne has more than 35 years of experience in the mining sector, and currently serves as Non-Executive Director for OceanaGold Corporation as well as Non-Executive Director for Chesapeake Gold Corp. Alan Pangbourne was most recently the President and CEO of Guyana Goldfields
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NXHSF RTX | Hot Stocks07:54 EST Next Hydrogen Solutions to demonstrate electrolyzers for aviation industr - Next Hydrogen Solutions (NXHSF) is developing high-efficiency, low-cost electrolyzers needed for establishing hydrogen production infrastructure for the aviation industry. Pratt & Whitney Canada will demonstrate hydrogen combustion technology on a PW127XT regional turboprop engine under the project named Hydrogen Advanced Design Engine Study. Pratt & Whitney is an RTX (RTX) business. This project is supported by Canada's Initiative for Sustainable Aviation Technology. Funding for the first phase of the project will include fuel nozzle and combustor rig testing using hydrogen fuel, while future phases will target full engine ground testing. The PW127XT engine is the most advanced member of Pratt & Whitney Canada's PW100 engine series, which has powered regional turboprop aircraft for forty years and accumulated more than 220 million flight hours. Launched in 2021, the PW127XT engine offers over 3% better fuel efficiency, 40% improved time on wing, and 20% reduced maintenance costs.
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AYASF | Hot Stocks07:53 EST Aya Gold & Silver commences processing of ore at Zgounder - Aya Gold & Silver announces that the new Zgounder Silver Mine plant has begun processing ore. The Zgounder plant is now mechanically complete, hot commissioning is progressing well, and a silver pour is expected in November. "We are excited to highlight Zgounder's imminent transition from commissioning to ramp-up," said Benoit La Salle, President & CEO. "This new milestone marks another achievement by our dedicated team who, over the past two years, have been driving Zgounder's on-budget transformation into a leading global silver-only producer. We look forward to announcing commercial production before year-end and delivering on Zgounder's production growth plans supported by strong silver market fundamentals
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ALT | Hot Stocks07:52 EST Altimmune announces successful completion of End-of-Phase 2 meeting - Altimmune announced the successful completion of its End-of-Phase 2 Meeting with the U.S. Food and Drug Administration, FDA, and agreement on the design of a Phase 3 registrational program for its product candidate, pemvidutide, in the treatment of obesity. "Our interactions with the FDA regarding the Phase 3 development program have been incredibly productive, and this regulatory alignment represents a major accomplishment for our team," said Vipin K. Garg, Ph.D., Chief Executive Officer of Altimmune. "As the metabolic landscape continues to evolve, we believe that the ability of a drug to address both obesity and its underlying comorbidities will become increasingly important, and we are confident that this is where pemvidutide has an opportunity to excel. Achieving this regulatory milestone is especially important as we advance our partnering efforts, approach the data readout from our Phase 2b IMPACT Trial in MASH and prepare IND submissions for additional indications."
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FG | Hot Stocks07:52 EST F&G Annuities raises quarterly dividend 5% to 22c from 21c per share - F&G Annuities announced that its Board of Directors has declared an increase in the company's quarterly cash dividend of 5% to 22c per common share, from the previous quarterly cash dividend of 21c per common share. The dividend will be payable December 31 to stockholders of record as of December 17.
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DPRO | Hot Stocks07:52 EST Draganfly to participate in ElevateUAV - Draganfly announces its participation in the upcoming ElevateUAV event, scheduled for November 12-14, 2024, at the FIU Kovens Conference Center in Miami, Florida. Hosted by Drone Nerds, ElevateUAV 2024 offers a three-day education program, live flight demonstrations, and networking with industry innovators who are propelling advancements in UAV technology. Attendees will have the opportunity to engage with leading technology providers and explore the latest trends in drone automation and integration. Draganfly will deliver hands-on training to Drone Nerds' operators, focusing on two flagship platforms: the Flex FPV and the Commander 3XL. These sessions aim to equip operators with the skills needed to maximize the potential of Draganfly's platforms in real-world applications.
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VERO | Hot Stocks07:51 EST Venus Concept announces expansion of international distribution netowkr - Venus Concept announced the continued expansion of its international distributor network with several developments globally: Index International Ltd., a subsidiary of Paragon Meditech, in Taiwan; Quirugil S.A, in Colombia; Certification of select products in India with the Company's exclusive distribution partner, Spectra Medical Systems. "The latest developments globally are evidence of Venus Concept's continued progress in evolving our commercial strategy outside the U.S. to enhance future growth and profitability," said Rajiv De Silva, Chief Executive Officer of Venus Concept. "The Company's new agreements add strong partners in key global aesthetics markets specifically, Columbia and Taiwan. We are excited to have access to our various partners' networks and expertise in supplying local practices with our technology. In addition, we look forward to leveraging Paragon's established distribution presence in additional countries in APAC in the future."
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FNF | Hot Stocks07:50 EST Fidelity National raises quarterly dividend 4% to 50c from 48c per share - Fidelity National Financial announced that its Board of Directors has declared an increase in the company's quarterly cash dividend of 4% to 50c per common share from the previous quarterly cash dividend of 48c per common share. The dividend will be payable December 31 to stockholders of record as of December 17.
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GERN | Hot Stocks07:50 EST Geron sees FY24 operating expenses $260M-$270M - The company said, "For fiscal year 2024, we expect total operating expenses to be in the range of approximately $260 million to $270 million, which includes non-cash items such as stock-based compensation expense, amortization of debt discounts and issuance costs, and depreciation and amortization."
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ISPC | Hot Stocks07:49 EST iSpecimen releases cancer biospecimen offering - iSpecimen announced a significant enhancement to its searchable inventory that provides researchers with increased access to a wide array of biospecimens vital to advancing oncology research and treatments. The expanded inventory includes highly sought-after cancer samples across a variety of tumor types, stages, and patient demographics, enabling researchers to access the specific samples they need efficiently and by cancer type, including colorectal, breast, lung, ovarian, pancreatic, brain, and more. By streamlining the acquisition of specific, high-quality biospecimens, iSpecimen is shortening sales and fulfillment timelines, increasing profitable revenue and supporting breakthroughs in cancer research, including studies focused on the development of new therapies, diagnostics, and personalized medicine approaches.
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TLRY | Hot Stocks07:49 EST Tilray Medical announces results from study on oral cannabis extract - Tilray Medical announced the final results of a new scientific study their team has supported titled, "Oral Cannabis Extract for Secondary Prevention of Chemotherapy-Induced Nausea and Vomiting." This randomized, placebo-controlled trial aimed to test the effectiveness of an oral cannabis extract in adults suffering from CINV despite standard anti-nausea treatments. Participants received capsules containing 2.5 mg of THC and 2.5 mg of CBD or a placebo, taken three times daily for six days. From 2016 to 2022, 147 participants were recruited. The study found that the cannabis extract significantly improved the rate of complete response-meaning no vomiting or use of additional medications-from 8% with placebo to 24% with THC: CBD. Other benefits included reduced nausea and fewer daily vomits. However, some side effects were noted, such as sedation, dizziness, and transient anxiety. Tilray Medical continues to transform lives by providing access to medical cannabis. Tilray is a leading provider of EU-GMP-certified medical cannabis products in over 20 countries. The company has supported medical trials globally, studying cannabis for various conditions, including pediatric epilepsy, cancer-induced nausea, and PTSD.
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PRZO | Hot Stocks07:49 EST ParaZero securede $187,000 purchase order for drone safety systems - ParaZero Technologies recently announced that it has received a $187,000 purchase order from a U.S.-based Advanced Air Mobility, AAM, company in the aerial vehicle industry. This order, which was initially announced in September 2024, followed the successful completion of the advanced drone safety system customization project that the Company previously announced and marks another milestone for ParaZero in the growing air mobility sector. The purchase order included preparations for serial production, as well as the delivery of an initial batch of systems, signifying the initiation of potential future large-scale manufacturing and deployment of ParaZero's cutting-edge drone safety solutions
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ADBRF RIO | Hot Stocks07:48 EST Aldebaran Resources signs option to JV agreement with Nuton Holdings - Aldebaran Resources has entered into an option to joint venture agreement with Nuton Holdings, whereby Nuton can acquire a 20% indirect interest in the Altar project by making staged payments totaling US$250 Million. HighlightsL Non-dilutive financing with an upfront payment of US$10 M US$20 M projected for Q4-2024 after the publication of an updated mineral resource estimate, if Nuton elects to proceed US$30 M payment projected for Q2/Q3-2025 after the publication of a Preliminary Economic Assessment that includes a Nuton case, if Nuton elects to proceed Final Payment of US$190 M would be made after the publication of a Pre-Feasibility Study that includes a Nuton case, expected in 2026, if Nuton elects to exercise the option Aldebaran is collaborating with Nuton to evaluate a NutonTM Technologies sulphide leaching option in the upcoming PEA and PFS Nuton's sulphide leaching technologies have the potential to materially improve the economics of the project Aldebaran remains the operator of the Altar project. Status of Earn-In Agreement with Sibanye-Stillwater The Altar project is owned by Peregrine Metals, a private Canadian incorporated company. Aldebaran currently owns a 60% interest in Peregrine. In August 2023, the Company informed Sibanye-Stillwater that it had met its commitments to complete the acquisition of an additional 20% interest in Peregrine from Sibanye-Stillwater. The process of finalizing the additional acquisition is ongoing and an official announcement is expected in Q4 of this year. Upon finalizing the acquisition, Aldebaran will hold an 80% interest in Peregrine, with Sibanye-Stillwater holding the remaining 20%. Both Aldebaran and Sibanye-Stillwater will need to fund future work programs based on their equity interest in Peregrine. Transaction Details Aldebaran has entered into an Option to Joint Venture Agreement with Nuton, whereby Nuton has the exclusive right to acquire a 20% interest in Peregrine in exchange for the following payments: US$10 Million upon signing US$20 Million upon delivery of an updated mineral resource estimate Mineral resource estimate expected to be completed in November 2024 US$30 Million upon delivery of a Preliminary Economic Assessment PEA expected to be completed in Q2-2025 US$190 Million upon delivery of a Pre-Feasibility Study PFS expected to be completed in 2026 The payments by Nuton will be made as follows: 90% will be paid directly to Peregrine and 10% will be paid directly to Aldebaran, as directed by Peregrine. The payments made to Peregrine will be utilized to fund Aldebaran's portion of ongoing and future work programs at Altar. Upon completion of the PFS Payment, Nuton will acquire a 20% interest in Peregrine and have a 20% indirect interest in the Altar project. Altar would then be owned as follows: Aldebaran 60%, Sibanye-Stillwater 20%, and Nuton 20%, with Aldebaran operating the project. If Nuton elects not to proceed after the issuance of the MRE, PEA or PFS, the Option Agreement will be terminated, Aldebaran will retain its 80% interest in the project, and Aldebaran and Peregrine will retain any cash payments made prior to the termination unless there is an uncured material breach of the agreement by Aldebaran or Peregrine. Nuton and Aldebaran have agreed to a work program for the 2024/2025 field season to ensure that Nuton's proprietary sulphide leaching technology can be evaluated in both the PEA and PFS. This work program involves drilling several new "twin-holes1" of existing drill holes to acquire large-diameter PQ-sized drill core to be utilized in Nuton's Phase 2 testing program. The cost of this drill program will be paid from Nuton's US$10 Million Signing Payment. If the drill program exceeds US$5 Million, as mutually agreed, Nuton will advance those costs from the PEA Payment. All costs associated with the actual testing of the Altar drill core with the Nuton technologies will be borne by Nuton. The Phase 1 program is ongoing Aldebaran will also conduct additional work programs at Altar during the 2024-25 field season to advance the PEA and PFS and potentially explore other areas of interest on the Altar property. As part of the agreement, Nuton will have exclusivity over any novel, trade secret or patented copper heap-leach related technology to be tested or deployed at the Altar project for a period of two years.
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LFCR | Hot Stocks07:47 EST Lifecore to host virtual investor day on November 21 - Lifecore Biomedical announced that it will host a virtual investor day on Thursday, November 21, 2024, prior to market open. The event will take place from 8:00 - 9:30 a.m. Eastern Time and be available via webcast. During the event, members of Lifecore's senior management team will discuss the company's business and strategy for growth in the future, among other topics.
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RPRX GERN | Hot Stocks07:47 EST Royalty Pharma to acquire royalty interest in Geron's RYTELO for $125M - Royalty Pharma (RPRX) announced that it will acquire a synthetic royalty on U.S. sales of Geron Corporation's (GERN) RYTELO for $125 million in cash upfront. "RYTELO is an important therapy for the lower-risk MDS patient population, who otherwise have limited treatment options, and we look forward to its development in other hematologic malignancy indications. We are delighted to establish this partnership with Geron to help fuel their execution of significant commercial and development opportunities ahead" said Pablo Legorreta, founder and Chief Executive Officer of Royalty Pharma.
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USM... | Hot Stocks07:46 EST U.S. Cellular to sell select spectrum assets to AT&T for $1.018B - United States Cellular (USM) has announced that it has entered into an agreement with AT&T (T) to sell a portion of the company's retained spectrum licenses for total consideration of $1.018B. The transaction is part of the objective UScellular announced on May 28 to opportunistically monetize the spectrum that was not included in the proposed sale to T-Mobile (TMUS); and follows the transactions previously announced on October 18 to sell a portion of the retained spectrum licenses to Verizon (VZ) and two other mobile network operators, the company noted. Following this transaction, as well as those previously announced, UScellular will have reached definitive agreements to monetize approximately 55%, measured on a MHz-Pops basis, of the spectrum holdings, excluding mmWave, that were excluded from the proposed sale to T-Mobile, for a total consideration of approximately $2.02B. Including the proposed T-Mobile transaction, UScellular will have reached agreements to monetize approximately 70% of its total spectrum holdings, excluding mmWave, measured on a MHz-Pops basis. "We are pleased with the significant value that will be realized in the various transactions recently announced," said Laurent Therivel, President and CEO. "This agreement adds a fourth mobile network operator, in addition to T-Mobile, to the list of those whose subscribers will benefit from the sale of our spectrum licenses. As with the other mobile network operators, we are confident that AT&T can put it to productive use in communities throughout the U.S. Furthermore, the terms of the agreement will ensure that there will be continued, uninterrupted service for UScellular customers in the interim. After our proposed sales, we will be left with 1.86 billion MHz-Pops of low and mid-band spectrum, as well as 17.2 billion MHz-Pops of mmWave spectrum, with the substantial majority of retained value in the C-band spectrum."
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TLRY | Hot Stocks07:45 EST Tilray launches new podcast series to break down stigmas around men's health - Tilray Brands announces the launch of "Men's Health on Tap," a new podcast series hosted by distinguished doctors, Dr. John P. Sfakianos, MD, Associate Professor, Department of Urology at the Icahn School of Medicine, and Dr. Steven A. Kaplan, MD, Professor, Department of Urology at the Icahn School of Medicine. The podcast aims to break down stigmas around men's health and invite listeners to an open conversation about important men's health topics.
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GTBIF | Hot Stocks07:45 EST Green Thumb Industries opens RISE Orlando dispensary - RISE Dispensaries announced the opening of RISE Dispensary Orlando on Good Homes Road on Friday, November 8. Located at 725 Good Homes Road, the new West Orlando location expands RISE Dispensaries' retail footprint in Florida to 21 locations and 99 nationwide. Beginning November 8, RISE Dispensary Orlando on Good Homes Road will offer patients high-quality, award-winning products and best-in-class service, including home delivery. RISE Dispensary Orlando on Good Homes Road will welcome patients Monday through Saturday from 9 a.m. to 8 p.m. and Sunday from 11 a.m. to 6 p.m. and encourage them to explore the location's broad selection of curated products, including RYTHM premium flower, concentrate and full spectrum vapes, Dogwalkers pre-rolls, Good Green flower, Doctor Solomon's tinctures and &Shine flower, pre-rolls, vapes and chews.
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ETON | Hot Stocks07:45 EST Eton Pharmaceuticals awarded second patent for ET-400 - Eton Pharmaceuticals announced that the United States Patent and Trademark Office, USPTO, has granted the Company U.S. Patent Application No. 18/443,889, now U.S. Patent No. 12,133,914, for ET-400, a proprietary patented formulation of liquid hydrocortisone. The patent, which expires in 2043, covers a method of using hydrocortisone oral liquid formulations and is expected to be listed in the U.S. Food and Drug Administration's Orange Book upon the product's approval. Eton received its first patent (US 11,904,046) for ET-400 in February 2024 and the Company has an additional U.S. patent application under review related to the product.
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SBIG AMZN | Hot Stocks07:44 EST SpringBig announces official entry into gaming industry - Springbig (SBIG) announced its official entry into the gaming industry, offering its SMS solutions to skilled gaming apps, casinos, sports betting platforms, horse tracks, betting advice sites, and more. This expansion is powered by a new strategic partnership with Amazon Web Services (AMZN), enabling Springbig to provide unmatched marketing capabilities to these high-demand sectors. As the sports betting industry continues to grow and evolve, effective customer engagement becomes more crucial than ever. Since the gaming industry is considered a regulated industry, achieving reliable text message deliverability can be challenging without a partner experienced in supporting regulated sectors-one who offers both the expertise and support to ensure the success of every text message marketing campaign. Springbig's innovative SMS platform ensures that gaming companies can connect with their audiences more effectively, delivering messages with exceptional reliability and impact. Springbig's entry into the gaming sector began with a collaboration with a major player in the skilled gaming industry that was facing challenges with message delivery. After integrating with Springbig's platform, the merchant quickly saw significant improvements in their marketing performance: Improved Delivery Rates: Game Story achieved a 90% message delivery rate with Springbig, ensuring their marketing messages effectively reached their audience. Increased CTR: With reliable message delivery, Game Story saw their click-through rate rise to an impressive 15%. Reduced Costs: The cost per re-engagement dropped from over $100 to just $15, showcasing the cost efficiency of Springbig's SMS campaigns. Additionally, Game Story experienced an 80% lower Cost Per Purchase, further enhancing their return on investment. Boosted Profitability: Game Story reported a 250%+ Return on Ad Spend within just 7 days of using Springbig's solution, highlighting the significant impact on their profitability. Increased Paying Customers: In July alone, 3,265 paying customers returned to Game Story by sending SMS campaigns powered by Springbig.
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HOUS | Hot Stocks07:41 EST Anywhere Real Estate sees $120M in cost savings in 2024 - "The company is expecting to realize $120 million in cost savings in 2024. The company expects its Free Cash Flow excluding one-time items to be approximately $100 million in 2024. The one-time items are estimated to be approximately $60 million, and consist of a $20 million payment towards our antitrust litigation settlement and approximately $39 million for a 1999 Cendant legacy tax matter. The antitrust litigation settlement totaled $83.5 million, $10 million of which was paid in the fourth quarter of 2023 and $20 million of which was paid in the second quarter of 2024. The remaining $53.5 million will be due when appeals are resolved, the timing of which is uncertain. We currently expect the payment to occur no earlier than mid-2025. The approximately $39 million 1999 Cendant legacy tax matter will be due once statutory notice is received, which we have assumed will occur in 2024."
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CING | Hot Stocks07:40 EST Cingulate sees cash runway into 3Q25 - As of September 30, 2024, Cingulate had approximately $10 million in cash and cash equivalents, a significant increase from December 31, 2023, providing the Company with an extended cash runway into the third quarter of 2025.
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PENN | Hot Stocks07:36 EST Penn Entertainment reports Q3 adjusted EPS (25c), consensus (24c) - Reports Q3 revenue $1.64B, consensus $1.66B. Jay Snowden, CEO and president, said: "PENN's third quarter results were consistent with the preliminary estimates we disclosed last month in connection with our investor event in Las Vegas. Stable consumer demand in our retail business was offset by unfavorable hold in our Northeast segment and volume declines in our South segment associated with severe weather disruptions and accelerated hotel remodeling. The fourth quarter is off to a stronger start, led by several markets including Michigan, Ohio, and St. Louis. In the third quarter, our Interactive segment benefited from better-than-expected hold, driven by a higher parlay mix from our improving product and lower promotional expenses. Additionally, on October 30th, we launched account linking between ESPN BET and ESPN, which is foundational for creating a personalized sports betting experience across the ESPN ecosystem."
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DWTX | Hot Stocks07:36 EST Dogwood says cash 'not sufficient' to fund requirements for next 12 months - The Company estimates that its current cash of $2.0 million at September 30, 2024 along with the $16.5 million in loan proceeds received on October 7, 2024 is not sufficient to fund operating expenses and capital requirements for at least the next 12 months. The Company will need to secure the additional $3.0 million of loan proceeds available to us under the terms of the loan agreement in February 2025 to continue to fund our operations through 2025.
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KBR | Hot Stocks07:32 EST KBR awarded FEED contract for expansion of Qalhat LNG complex - KBR announced that it has been awarded a front-end engineering design, or FEED, contract for the expansion of the Qalhat LNG complex in Sur, Oman. This project represents a step in Oman's efforts to meet rising global energy demands, while prioritizing sustainable and efficient operations. Under the FEED contract, KBR will provide engineering services for the complex's fourth LNG train, which will have a capacity of 3.8M tons per annum. The project will involve the addition or expansion of utilities, an LNG tank, the jetty, and associated infrastructure.
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CCOI | Hot Stocks07:29 EST Cogent increases quarterly dividend to 99.5c per share - On November 6, Cogent's board approved a regular quarterly dividend of 99.5c per share payable on December 6 to shareholders of record on November 22. This fourth quarter regular dividend represents an increase of 1c per share, or 1%, from the third quarter regular dividend of 98.5c per share and an annual increase of 4.2% from the fourth quarter 2023 dividend of 95.5c per share.
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EYPT | Hot Stocks07:28 EST EyePoint expect cash to fund operations into 2027 - The company said, "We expect the cash, cash equivalents and investments on September 30, 2024, along with the net proceeds from the October $161.0 million equity financing will enable us to fund operations into 2027."
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EVRG | Hot Stocks07:23 EST Evergy increases quarterly dividend 4% to 66.75c per share - The Board of Directors declared a dividend on the Company's common stock of $0.6675 per share payable on December 20, 2024. The dividends are payable to shareholders of record as of November 21, 2024.
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PRQR | Hot Stocks07:21 EST ProQR Therapeutics sees cash runway into mid-2027 - At September 30, 2024, ProQR held cash and cash equivalents of EUR 89.4 million, compared to EUR 118.9 million cash and cash equivalents at December 31, 2023. Net cash used in operating activities during the three-month period ended September 30, 2024 was EUR 5.7 million, compared to EUR 7.5 million used for the same period last year. During the first three quarters of 2024, the Company achieved certain milestones in the collaboration agreement with Eli Lilly amounting to $5.5 million. In October, the Company closed an underwritten public offering of 18,000,000 ordinary shares and a concurrent private placement of 3,523,538 ordinary shares with Eli Lilly, as well as exercise of the underwriter's option for 1,940,072 additional shares for gross proceeds totaling approximately $82.1 million.
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RAPP | Hot Stocks07:11 EST Rapport Therapeutics adds new members to Board of Directors - The Company announced the appointment of new members to its Board of Directors to help guide its next phase of growth and innovation, including Rob Perez, operating partner at General Atlantic and former chief executive officer of Cubist Pharmaceuticals; Raymond Sanchez, MD, former chief medical officer of Cerevel Therapeutics; Paul Silva, former chief accounting officer at Vertex Pharmaceuticals; and Wendy B. Young, PhD, former head of small molecule drug discovery at Genentech. With these appointments, Jeff Tong, PhD, partner at Third Rock Ventures, has resigned from the Board of Directors.
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RAPP | Hot Stocks07:10 EST Rapport Therapeutics expects cash to fund requirements through 2026 - The Company ended the third quarter with $320.7 million in cash, cash equivalents and short-term investments, compared to $336.1 million as of June 30, 2024. The decrease was primarily due to cash outflows on operating activities in the third quarter of 2024. The Company expects that current cash, cash equivalents, and short-term investments as of September 30, 2024, will enable the Company to fund its operating expenses and capital expenditure requirements through the end of 2026.
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MLTX | Hot Stocks07:06 EST MoonLake Immunotherapeutics sees cash runway into end of 2026 - Ended the third quarter with $493.9 million in cash, cash equivalents and short-term marketable debt securities, expected to support a roadmap rich in potential catalysts and a cash runway to the end of 2026
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DDOG | Hot Stocks07:06 EST Datadog reports customers with ARR of over $100K up 12% - The company states: "As of September 30, 2024, we had about 3,490 customers with ARR of $100,000 or more, an increase of 12% from about 3,130 as of September 30, 2023."
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MRX | Hot Stocks07:05 EST Marex Group sees FY24 adjusted operating profit $300M-$305M - Due to the strong performance in the third quarter, the company anticipates its Adjusted Operating Profit to be approximately $300 million to $305 million for the full year ending 31 December 2024 (previously $280 million to $290 million).
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CRBP | Hot Stocks07:04 EST Corbus Pharmaceuticals expects cash to fund operations through 3Q27 - As of September 30, 2024, the Company had $159.4 million in cash, cash equivalents and investments on hand, which is expected to fund operations through Q3 2027, based on the current planned expenditures. During the third quarter of 2024, the Company raised $35.6 million of net proceeds pursuant to the Company's ATM program by issuing 663,730 shares. In addition, on August 1, 2024, the Company's made a final $11.8 million loan payment and the loan has been fully paid off.
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CGEM | Hot Stocks07:02 EST Cullinan Therapeutics sees cash runway into 2028 - Cash, cash equivalents, short- and long-term investments, and interest receivable were $639.0 million as of September 30, 2024. Cullinan continues to expect its cash resources to provide runway into 2028 based on its current operating plan.
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BDX | Hot Stocks06:47 EST Becton Dickinson increases quarterly dividend 9.5% to $1.04 - The board of directors of BD has declared a quarterly dividend of $1.04 per common share, an increase of 9.5% from the previous quarter. The dividend will be payable on December 31 to holders of record on December 9. The indicated annual dividend rate for fiscal year 2025 is $4.16 per share.
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PCG | Hot Stocks06:46 EST PG&E increases capital investment plan by $1B - The company said, "PG&E Corporation is increasing its 5-year capital investment plan by $1 billion for a total of $63 billion for 2024 through 2028. The incremental capital is driven by growing customer demand and has already been approved by the California Public Utilities Commission through Decision 24-07-008. The incremental capital has also already been financed through the recent issuance of junior subordinated notes and PG&E Corporation is reaffirming its 2025 to 2028 equity issuance guidance of $3 billion."
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MRNA | Hot Stocks06:45 EST Moderna promotes Jacqueline Miller to Chief Medical Officer, expands Hoge's role - Moderna said: "Moderna President Stephen Hoge, M.D., has taken on an expanded role, adding new responsibilities overseeing Moderna's commercial organization. As President, Dr. Hoge will now be responsible for strategy across Research and Development, Medical Affairs and Commercial. Rose Loughlin, Ph.D., has been promoted to Executive Vice President, Research, and will lead Moderna's research organization. Dr. Loughlin will join the Executive Committee and report to Chief Executive Officer Stephane Bancel. Jacqueline Miller, M.D., has been promoted to Chief Medical Officer, and will lead Moderna's development organization. Dr. Miller will join the Executive Committee and report to Chief Executive Officer Stephane Bancel. Moderna Chief Human Resources Officer Tracey Franklin has expanded her role to Chief People and Digital Technology Officer, overseeing the Company's talent and digital functions. Brad Miller, Chief Information Officer of Moderna, will report to Franklin in her newly expanded role."
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MRNA | Hot Stocks06:43 EST Moderna sees 2024 filings for next-gen COVID, RSV vaccines - Moderna intends to file in 2024 for approval of its next-generation COVID-19 vaccine, mRNA-1283, and RSV vaccine, mRNA-1345, for high-risk adults aged 18-59, the company stated. "The company expects to communicate the PDUFA date for each of these programs when it is confirmed. Moderna intends to use priority review vouchers for mRNA-1283 and mRNA-1345 for high-risk adults aged 18-59. For its flu/COVID combination vaccine, mRNA-1083, the company intends to file in 2024, subject to ongoing discussions with the U.S. FDA, and has decided not to use a priority review voucher," Moderna stated.
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TAP | Hot Stocks06:28 EST Molson Coors takes majority stake in ZOA Energy, terms undisclosed - Molson Coors is taking a majority ownership stake in ZOA, the better-for-you energy brand co-founded by Dwayne "The Rock" Johnson, Dany Garcia, Dave Rienzi and John Shulman. Taking a majority stake now allows Molson Coors to lead the entirety of ZOA's marketing, retail and direct-to-consumer sales and development. The company believes this positions ZOA for a step change in growth. Molson Coors and ZOA first struck a partnership when the brand launched in 2021, and Molson Coors increased its stake in ZOA last September while also assuming a presence on ZOA's Board of Directors. Available at more than 25,000 retail locations and more than 86,000 points of distribution across North America, ZOA represents one piece of Molson Coors' strategic ambition to expand its total beverage portfolio. Molson Coors' latest investment in ZOA is subject to standard regulatory approval processes and customary closing conditions.
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FRSH | Hot Stocks06:25 EST Freshworks to reduce staff by 13% in restructuring plan - In a regulatory filing, the company said, "In November 2024, the company committed to a restructuring plan to better align the company's talent with its strategic priorities and to improve operating efficiency. The company estimates that this will result in approximately 13% reduction in headcount and approximately $11M to $13M in charges in the fourth quarter of 2024, consisting primarily of cash expenditures for separation-related payments, employee benefits and related costs. The company expects that the Plan will be substantially complete by the end of the fiscal year ending December 31, 2024."
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MUR | Hot Stocks06:22 EST Murphy Oil backs FY24 CapEx view $920M-$1.02B - The company is tightening its full year 2024 production range to 180 to 182 MBOEPD, consisting of approximately 50 percent oil and 55 percent liquids volumes. As previously disclosed, the company expects to be at the lower end of the production range due to operational impacts in the Gulf of Mexico and at non-operated Terra Nova. Production for fourth quarter 2024 is estimated to be in the range of 181.5 to 189.5 MBOEPD with 94 MBOPD, or approximately 51 percent, oil volumes. This includes 1.5 MBOEPD of planned onshore downtime and 1.0 MBOEPD of planned downtime for maintenance at non-op Terra Nova. Both production and CAPEX guidance ranges exclude NCI.
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MPU | Hot Stocks06:14 EST Mega Matrix streaming flatform enters pact with PT Multimedia Nusantara - Mega Matrix announced that its short drama streaming platform, FlexTV, recently signed a two-year cooperation agreement with PT Multimedia Nusantara. This agreement was brokered by AR Asia Productions.
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ALC | Hot Stocks06:09 EST Alcon announces U.S. launch of Precision7 - Alcon announced the U.S. launch of Precision7, the only one-week replacement contact lens with the revolutionary seven-day Activ-Flo System that provides 16 hours of outstanding comfort and precise vision, even on day seven.
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LB | Hot Stocks06:07 EST LandBridge declares 10c per share quarterly dividend - The company announced an initial 10c per share cash dividend, payable on December 19 to shareholders of record as of December 5.
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MT | Hot Stocks05:59 EST ArcelorMittal backs FY24 capital expenditures view $4.5B-$5B - The company said, "FY 2024 capex is expected to be within the previously communicated guidance range ($4.5bn-$5.0bn). The Company expects the year to date investment in working capital to reverse by year end, supporting the outlook for free cash flow generation. The completion of the Company's strategic growth projects is expected to generate additional EBITDA and investable cash flow in the coming periods10,16. ArcelorMittal continues to optimize its decarbonization pathway to ensure that the Company can remain competitive and achieve an appropriate return on investment."
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FLNG | Hot Stocks05:50 EST Flex LNG secures time charter extensions - Flex LNG announced it has agreed with the charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing time charter agreements, or TC, for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by an additional seven years in total until 2039.
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CRH | Hot Stocks05:48 EST CRH announces additional $0.3B tranche of share repurchase program - On November 6, the latest tranche of the share buyback program was completed, bringing the year-to-date repurchases to $1.2B, including approximately four million shares repurchased in Q3 for a total consideration of $0.3B. The company is pleased to announce that it is commencing an additional $0.3B tranche to be completed no later than February 26, 2025.
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CRH | Hot Stocks05:46 EST CRH increases quarterly dividend to 35c per share - The board has declared a quarterly dividend of 35c per share. This represents an annualized increase of 5% on the prior year. The dividend will be paid wholly in cash on December 18 to shareholders registered at the close of business on November 22. The ex-dividend date will be November 22.
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CRH | Hot Stocks05:28 EST CRH continues share buyback program - CRH announced that it has completed the latest phase of its share buyback program, returning a further $0.3B of cash to shareholders. Between August 8 and November 6, 3.4M ordinary shares listed on the New York Stock Exchange were repurchased. This brings total cash returned to shareholders under our ongoing share buyback program to $8.2B since its commencement in May 2018. CRH also announced that it has entered into an arrangement with Mizuho Securities to repurchase ordinary shares listed on the New York Stock Exchange on CRH's behalf for an aggregate maximum consideration of up to $0.3B. The buyback will commence November 7 and will end no later than February 26, 2025. Mizuho will conduct the buyback on CRH's behalf and will make trading decisions under the buyback independently of CRH in accordance with certain pre-set parameters. The maximum number of ordinary shares which may be acquired pursuant to the Buyback is 50M. The purpose of the buyback is to reduce the share capital of CRH.
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STM ENGIY | Hot Stocks05:24 EST STMicroelectronics enters 21-year PPA with Engie SA entity and Conextone Energy - STMicroelectronics (STM) announced a 21-year power purchase agreement, or PPA, with BKH Solar Sdn Bhd, an entity jointly established by Engie Renewable (ENGIY) and Conextone Energy. The agreement will facilitate the supply of approximately 50 GWh of renewable energy annually from a new solar farm in Bukit Kayu Hitam, Kedah, Malaysia. This long-term agreement is undertaken under the Corporate Green Power Program introduced by the Malaysian Single Buyer in 2023.
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CRWD | Hot Stocks05:14 EST Crowdstrike expands distribution partnership with Ignition Technology - CrowdStrike announced an expanded distribution partnership with Ignition Technology, bringing the CrowdStrike Falcon cybersecurity platform to Ignition's partner base in Ireland. Announced at Fal.Con Europe, CrowdStrike's inaugural premier user conference in the region, this latest expansion builds on CrowdStrike and Ignition's success in the UK and Nordics - growing their regional partner business more than 85% year-over-year - by driving customer demand for cybersecurity transformation, platform adoption and vendor consolidation. Ignition continues to bring the power of the Falcon platform to additional regions across Europe, empowering partners to revolutionize cybersecurity for businesses of all sizes, while consolidating point products and reducing complexity. With Ignition's go-to-market strategy, channel development expertise, and robust network of solution provider partners, Ignition and CrowdStrike will drive cybersecurity transformation in Ireland, stopping breaches with unified AI-native protection across the enterprise.
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CEVA | Hot Stocks05:13 EST Ceva expands share repurchase program with additional 700,000 shares - Furthermore, the Ceva board of directors authorized the expansion of the company's share repurchase program with an additional 700,000 shares of common stock available for repurchase, bringing the total shares available for repurchase to approximately 1M.
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