Stockwinners Market Radar for November 14, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
HYMTF | Hot Stocks20:30 EST Hyundai Motor names Jose Munoz as CEO - Hyundai Motor announced the appointment of Jose Munoz as the company's President and CEO, effective Jan. 1, 2025. Munoz will lead Hyundai Motor Company's global business, succeeding current President and CEO Jaehoon Chang, who has been promoted to the Vice Chair of Hyundai Motor Group - Automotive Division. Munoz joined Hyundai Motor Company in 2019 as President and Global Chief Operating Officer and President and CEO of Hyundai and Genesis Motor North America. In 2022, Munoz was announced to the Hyundai Motor Company Board of Directors with expanded responsibilities to include Europe, India, Middle East and Africa, and Asia Pacific. He also led global sales, service and product planning as part of the Global Operations Division.
|
AMZN | Hot Stocks20:06 EST Cathie Wood's ARK Investment bought 28.5K shares of Amazon.com today
|
JOBY | Hot Stocks20:05 EST Cathie Wood's ARK Investment bought 304K shares of Joby Aviation today
|
CRSP | Hot Stocks20:04 EST Cathie Wood's ARK Investment bought 178.1K shares of Crispr Therapeutics today
|
PSNL | Hot Stocks20:03 EST Cathie Wood's ARK Investment bought 266.8K shares of Personalis today
|
ADD | Hot Stocks19:50 EST Color Star Technology Co Ltd trading halted, news pending
|
TKLF | Hot Stocks19:50 EST Tokyo Lifestyle Co Ltd (ADR) trading halted, news pending
|
EQS | Hot Stocks19:05 EST Equus Total Return reports NAV per share of $2.96 as of September 30, 2024 - Equus Total Return reports net assets as of September 30, 2024, of $40.2M. Net asset value per share decreased to $2.96 as of September 30, 2024, from $3.66 as of June 30, 2024.
|
NKE | Hot Stocks18:38 EST Nike raises quarterly dividend 8% to 40c from 37c per share - Nike announced that its Board of Directors has declared a quarterly cash dividend of 40c per share on the company's outstanding Class A and Class B Common Stock payable on January 2, 2025, to shareholders of record at the close of business on December 2, 2024. This represents an increase of 8% versus the prior quarterly dividend rate of 37c per share. This announcement marks the 23rd consecutive year that Nike has increased its quarterly dividend.
|
BYD | Hot Stocks18:36 EST Boyd Gaming CEO sells 40,000 common shares - In a regulatory filing, Boyd Gaming president and CEO Keith Smith disclosed the sale of 40,000 common shares of the company on November 13 at a price of $73.49 per share.
|
BE AEP | Hot Stocks18:30 EST Bloom Energy signs fuel cell agreement with AEP for AI data centers - Bloom Energy (BE) has signed a supply agreement with American Electric Power (AEP) for up to 1 GW of its products, the largest commercial procurement of fuel cells in the world to date. As part of this agreement, AEP has placed an order for 100 MW of fuel cells with further expansion orders expected in 2025. The agreement expands Bloom's previous work with AEP to deploy solid oxide fuel cells in commercial and industrial settings. The initial installation of Bloom's fuel cells will help meet the immediate power of AI data centers.
|
CHMI | Hot Stocks18:07 EST Cherry Hill internalizes management, concludes strategic review - Cherry Hill Mortgage Investment Corporation announced that the Company has commenced operations as a fully integrated, internally managed mortgage REIT and has terminated the management agreement with its external manager, Cherry Hill Mortgage Management, LLC, effective as of November 14, 2024. The management agreement was terminated upon the completion of an internalization event in which, among other things, the Company entered into employment arrangements with the Company's senior management team and other personnel supporting the Company's business. No termination fee is payable to the Manager, and the Company will not pay management fees to the Manager from and after the effective date of termination of the management agreement. "We are very pleased to have completed the internalization process and begin our evolution as a fully integrated mortgage REIT," said Jay Lown, President and CEO of Cherry Hill Mortgage Investment Corporation. "As an internally managed REIT moving forward, we expect to reduce expenses and enhance our earnings profile, thereby better aligning management and the investment community. I want to thank our team for all of their relentless work to complete the process." The Company also announced today that the special committee of the Board of Directors, which is comprised entirely of independent and disinterested directors, has concluded its previously announced review of strategic alternatives. Following a thorough review of strategic alternatives, the Board of Directors, based on the recommendation of the special committee, unanimously determined that it is in the best interests of the Company to continue to pursue management's execution of the Company's residential mortgage investment strategy as an internally managed company.
|
TTD | Hot Stocks18:07 EST Trade Desk stockholders approve reincorporation to Nevada - Trade Desk's stockholders approved the reincorporation of the company from the State of Delaware to the State of Nevada by conversion at the company's special meeting of stockholders held on November 14.
|
WD | Hot Stocks18:06 EST Walker & Dunlop names Dan Groman as General Counsel - Walker & Dunlop announced the promotion of Dan Groman to Executive Vice President, General Counsel, Secretary and Chief Compliance Officer, effective November 8. As General Counsel, Groman is responsible for the company's legal and compliance groups. Groman served as Walker & Dunlop's Senior Vice President, Deputy General Counsel and Assistant Secretary since August 2012. Before Walker & Dunlop, Groman served as Associate General Counsel at Freddie Mac and was an attorney previously at Arnold & Porter LLP.
|
MNOV | Hot Stocks18:03 EST MediciNova granted Notice of Allowance for MN-001 patent by USPTO - MediciNova has received a Notice of Allowance from the USPTO for a pending patent application for MN-001 - Tipelukast - to cover "Method to Decrease Triglyceride Synthesis in a Liver of a Subject." The allowed claims cover a method for decreasing triglyceride synthesis in the liver by administering MN-001 or its metabolite or pharmaceutically acceptable salt. This method is beneficial for subjects diagnosed with insulin resistance, pre-diabetes, or diabetes. Once issued, this patent is expected to expire no earlier than May 26, 2042. The Notice of Allowance is a critical step towards the issuance of the patent.
|
GREE | Hot Stocks17:53 EST Greenidge Generation announces New York Supreme Court ruling in its favor - Greenidge Generation issued the following information and statement regarding the ruling from New York Supreme Court Judge Vincent Dinolfo rejecting the New York State Department of Environmental Conservation's, or DEC, action to deny Greenidge's application for renewal of a Title V Air Permit. Greenidge's operations at its New York facility will now continue uninterrupted. Judge Dinolfo stated in his ruling annulling DEC's action the following: That DEC "acted in a manner that was both affected by errors of law and arbitrary and capricious"; The "Final Denial had no rational basis for its decision to forgo CLCPA Section 7(2)'s justification analysis"; and The State's "interpretation of the analysis required under CLCPA Section 7(2) is flawed". The company issued the following statement: ""Transparent political bias lost today. Facts and the rule of law won. The ruling ensures our facility will continue operating and our local employees will not have their careers ripped away by politically motivated governmental overreach that had no basis in law from the first day it began. The Climate Act is a good and well-intended law, but it did not give DEC political appointees and bureaucrats the power to rewrite a statute and unilaterally decide for themselves the value of working-class New Yorkers' jobs. They tried hard, in concert with their allies in the advocacy community for whom truth was a bridge too far, but no amount of spin could change that fact. The damage caused to our company and employees by the recklessness of the DEC and all those who lied about our operation is real, and today the Court set the record straight - we were right, and the state and its allies were wrong. This is the seventh court ruling on Greenidge's operation - with seven decisions in favor of Greenidge. Why? Because when actual judges rule - not DEC political actors - the facts and law govern, and our record is clear: we comply with state and federal law. DEC wanted a virtue-signaling result: to shut down a facility with no material impact on reaching Climate Law goals and one that offered significant emissions mitigation consistent with Climate Act aims. So they tried to short-circuit the process to get to their pre-determined outcome - and they got caught. This decision highlights the growing importance of data center operations - whether supporting AI, digital currency, cloud computing, or other high-tech businesses - and how we can bring modern career paths to Upstate New Yorkers, who have waited far too long for the opportunity. Our facility shows this region can create future-focused data center jobs and economic activity by utilizing power behind the meter - and provide power to the electrical grid everyday - while also meeting the state's ambitious climate goals. Going forward, we hope the DEC will listen to the Court and begin working collaboratively with Greenidge to finalize a new permit, consistent with the court's rebuke of the State's decision and for the benefit of New York State."
|
ETN | Hot Stocks17:26 EST Eaton propellant tanks selected by MDA Space for satellite technology - Eaton announced it has been selected by MDA Space to deliver high-performance propellant storage tanks for MDA Aurora, a product line driving the transition from analog to digital satellite technology.
|
SOC | Hot Stocks17:24 EST Sable Offshore provides update on coastal zone maintenance, repair work - Sable Offshore provided an update on its ongoing coordination with the California Coastal Commission, or CCC, related to Sable's maintenance and repair work along the existing Pacific Pipeline Company Las Flores Pipelines CA-324 and CA-325. The following statement was issued by Steve Rusch, VP of regulatory and environmental affairs at Sable: "Maintenance and repair activities that are exempt from Coastal Act permitting requirements have been conducted on the Las Flores Pipeline system under the pipeline's existing Coastal Development Permits for the last 35+ years, and Sable believes recent work on the pipelines is within the scope of those historic activities. Sable has been extremely concerned about environmental risk from open excavations along the pipeline route since the Coastal Commission asked Sable to stop all work in the Coastal Zone at the end of September. Sable and the CCC are now working to agree on the terms of an interim work plan to fill the open excavations, and Sable will be prepared to start work immediately to fill those open excavations in order to protect the environment against erosion in case of any rain events. Restoring the excavations to their original condition will be the best way to ensure that the environment will be protected, which is the highest priority for the CCC and Sable. Once the CCC approves Sable's interim work plan, Sable expects the work will take approximately seven days and Sable is prepared to start the work immediately. This coordination will allow for CCC and Sable to progress their discussions regarding how to proceed with the remaining pipeline maintenance and repair work in the Coastal Zone, without threat of erosion or other environmental impact during the onset of any inclement weather. We appreciate CCC staff's engagement and efforts to work with us in trying to arrive at a solution, and share the Commission's passion for protecting the environment and coastal resources." The Las Flores Pipeline system is 124 miles long and spans multiple properties. The open excavations with exposed pipe are limited to nine parcels of land in the Coastal Zone where pipeline maintenance and repair work already was underway. Outside of the Coastal Zone, Sable has continued its maintenance and repair activities along the pipeline to bring it to "as new" condition.
|
LMT | Hot Stocks17:22 EST Lockheed Martin awarded $139.02M Army contract modification - Lockheed Martin was awarded a $139.02M modification to a contract for Stinger fuse/warhead body assemblies. Work locations and funding will be determined with each order, with an estimated completion date of November 30, 2027. Army Contracting Command is the contracting activity.
|
TXT | Hot Stocks17:20 EST Textron awarded $276.76M Navy contract modification - Textron was awarded a $276.76M modification to a previously awarded firm-fixed-price contract. This modification exercises options for the production and delivery of 26 T-54A aircraft, as well as associated aircraft and engine spare parts and peculiar support equipment for the Navy, Marine Corps, and Coast Guard to support the mission of Chief Naval.
|
POST | Hot Stocks17:03 EST Post Holdings sees FY25 adjusted EBITDA $1.41B-$1.46B - Sees FY25 CapEx $380M-$420M.
|
KRON | Hot Stocks16:59 EST Kronos Bio provides update on review of strategic alternatives - The company said, "As announced on November 13, 2024, Kronos Bio is exploring strategic alternatives for the Company and its remaining internally developed preclinical assets. One potential scenario could include partnering the two p300 lysine acetyltransferase (KAT) inhibitor programs: an oncology candidate, KB-9558, for multiple myeloma and HPV-driven cancers expected to be IND-ready by the end of 2024, and an autoimmune disease candidate, KB-7898, for Sjogren's disease which has begun IND-enabling studies."
|
KRON | Hot Stocks16:58 EST Kronos Bio to present preclinical data from p300 KAT inhibitor program - Kronos Bio highlighted preclinical data from its p300 KAT inhibitor program for autoimmune indications at the American College of Rheumatology's annual meeting, ACR Convergence 2024. The oral presentation will take place on Monday, November 18. Kronos Bio has been exploring the utility of KB-7898, a p300 KAT inhibitor, for autoimmune indications given the role of interferon regulatory factor 4, or IRF4, and p300 in B cells, T cells and other immune cells. The data demonstrates the ability of p300 KAT inhibition to modulate the activity and function of multiple pro-inflammatory signaling pathways that drive chronic inflammatory diseases. In ex vivo primary cell models, the authors demonstrated that p300 KAT inhibition by KB-7898 modulated proinflammatory signaling and blunted the production of multiple clinically validated molecules that drive disease-related inflammation, including secreted IgG, IL-23, and IL-17A. P300 KAT inhibition by KB-7898 led to dose-dependent reduction up to 50% of KLH-IgG production in the Keyhole Limpet Hemocyanin booster. In a collagen-induced arthritis rat model, one of the most commonly used models for studying rheumatoid arthritis, p300 inhibition significantly decreased inflammation, as measured by joint swelling, clinical score and histopathology.
|
UNH... | Hot Stocks16:58 EST Lone Pine buys UnitedHealth, exits Workday in Q3 - Stephen Mandel's Lone Pine Capital disclosed in an SEC filing its holdings as of September 30, 2024. The fund's four new buys during the third quarter included, by size of position, UnitedHealth (UNH), Howmet Aerospace (HWM), GE Vernova (GEV), and Ares Management (ARES). Lone Pine exited at least five positions during the quarter, including by size of previous position Salesforce (CRM), Workday (WDAY), Live Nation (LYV), Dick's Sporting (DKS), and Epam Systems (EPAM). The fund increased its stake in many holdings, including by size of previous position Constellation Energy (CEG), Vistra (VST), MasterCard (MA), ASML (ASML), and AppLovin (APP). Lone Pine reduced its stake in multiple holdings, including by size of previous position Meta (META), PTC (PTC), KKR (KKR), AvidXchange (AVDX), and Amazon (AMZN). The fund's top holdings as of September 30, in order of size, were TSMC (TSM), Microsoft (MSFT), Amazon, Meta, and Philip Morris (PM).
|
ADSK... | Hot Stocks16:57 EST Starboard takes new stakes in Autodesk, Match Group - Jeffrey Smith's Starboard Value disclosed in an SEC filing its holdings as of September 30, 2024. Starboard's two new buys during the third quarter included, by size of position, Autodesk (ADSK) and Match Group (MTCH). Starboard exited three positions during the quarter, including by size of previous position, Mercury Systems (MRCY) and Aecom (ACM). Starboard increased its stake in two holdings, including Fortrea (FTRE). Starboard reduced its stake in three holdings, including by size of previous position, GoDaddy (GDDY), Humana (HUM), and Salesforce (CRM). Starboard's top holdings as of September 30, in order of size, were Autodesk, GoDaddy, Gen Digital (GEN), Salesforce, and Match Group.
|
OMGA | Hot Stocks16:56 EST Omega Therapeutics provides updated MYCHELANGELO I data - The Phase 1 monotherapy dose escalation portion of MYCHELANGELO I was designed to evaluate the safety, tolerability, pharmacokinetics, pharmacodynamics, and preliminary anti-tumor activity of OTX-2002 in patients with relapsed or refractory hepatocellular carcinoma, or HCC, and other solid tumor types known for association with the MYC oncogene. Twenty-four patients, including 19 with HCC, were enrolled across six dose cohorts and were treated with OTX-2002 intravenously once every two weeks. Highly specific on-target engagement with intended epigenetic changes at the target genomic loci, as evidenced by a robust increase in cell-free DNA MYC methylation signal following administration of study drug. The signal was dose dependent within the tolerated dose range. Pre-dose levels of MYC methylation were non-detectable. The increased methylation signal persisted throughout the two-week dosing interval and downregulation of MYC expression was observed. Predictable and consistent pharmacokinetics profile with rapid clearance, minimal variability observed within and between patients, and no accumulation observed with repeat administration. At the recommended dose for expansion, OTX-2002 showed a favorable safety profile, with infusion-related reactions being the most common adverse event, generally consistent with the known profile of other FDA-approved LNP-delivered therapeutics. The observed disease control rate, or DCR, for response-evaluable HCC patients was 50%, with a best overall response of stable disease. This DCR is in-line with the historical benchmark range for completed Phase 1 trials for approved TKIs and PD-1 monotherapies in HCC.
|
OMGA | Hot Stocks16:51 EST Omega Therapeutics CEO Mahesh Karande to depart, Kaan Certel to succeed - Omega Therapeutics announced the appointment of Kaan Certel as CEO. Certel succeeds Mahesh Karande as CEO, who has decided to leave Omega for personal reasons. Certel was previously chief business officer at Omega.
|
PRI | Hot Stocks16:48 EST Primerica authorizes $450M share repurchase program for 2025 - Primerica has authorized a $450M share repurchase program to occur through December 31, 2025. This share repurchase program may be discontinued at any time by the Board of Directors.
|
POCI | Hot Stocks16:47 EST Precision Optics announces $340,000 production order from medical device company - Precision Optics announced an initial $340,000 production order from a large, global medical device company to provide initial stocking quantities of a new single-use ophthalmic endoscope. Production is scheduled to begin in January 2025 and proceed over the following five months, to provide starting inventory levels to support product launch currently expected to occur around June 2025. The company expects follow-on orders to support first year requirements after launch with delivery rates two to three times those of this initial stocking order. The companies have previously entered into a licensing agreement that sets terms under which POC will manufacture the product or receive royalties if the product is manufactured by the customer or a third-party.
|
TFFP | Hot Stocks16:45 EST TFF Pharmaceuticals trading resumes
|
SEG... | Hot Stocks16:35 EST Ackman's Pershing Square buys Seaport, boosts Nike in Q3 - Bill Ackman's Pershing Square disclosed in an SEC filing its holdings as of September 30, 2024. The fund's one new buy during the third quarter was Seaport Entertainment (SEG). Pershing increased its stake in Brookfield (BAM) and Nike (NKE) but reduced its stake in Hilton Worldwide (HLT), Restaurant Brands (QSR), and Canadian Pacific Kansas City (CP). The fund's top holdings as of September 30, in order of size, were Brookfield, Hilton, Restaurant Brands, Chipotle (CMG), and Howard Hughes (HHH).
|
AMZN | Hot Stocks16:33 EST Amazon.com executive chair Bezos sells $686.5M in common stock - According to a regulatory filing, Amazon executive chair Jeff Bezos disclosed the sale of $686.5M worth of the company's common stock in multiple transactions dated November 12-13 as part of option exercise.
|
PCVX... | Hot Stocks16:33 EST Vaccine makers fall after Trump nominates RFK to head HHS - Shares of vaccine makers, including Moderna (MRNA), BioNTech (BNTX), Pfizer (PFE), Novavax (NVAX), Vaxcyte (PCVX) and GSK (GSK) moved lower at the end of the trading day following reports that President-elect Donald Trump Donald Trump would nominate noted vaccine skeptic Robert F. Kennedy Jr. to head Health and Human Services. Trump confirmed the news after the markets closed on Thursday.
|
BN... | Hot Stocks16:31 EST Third Point exits Alphabet, cuts stakes in Microsoft, Amazon, Meta, Apple - Third Point LLC disclosed in an SEC filing its holdings as of September 30, 2024. Third Point's new buys during the third quarter included, by size of position, Brookfield (BN), Ferguson (FERG), Flutter (FLUT), LPL Financial (LPLA), and Carpenter Tech (CRS). Third Point exited a number of positions during the quarter, including by size of previous position, Alphabet (GOOGL), AIG (AIG), Verizon (VZ), Uber (UBER), and KB Home (KBH). Third Point increased its stake in four holdings, including by size of previous position, Intercontinental Exchange (ICE), CRH (CRH), Live Nation (LYV), and Telephone and Data Systems (TDS). Third Point reduced its stake in holdings, including by size of previous position, Microsoft (MSFT), Amazon (AMZN), Meta Platforms (META), Apple (AAPL), and Bath & Body Works (BBWI). Third Point's top holdings as of September 30, in order of size, were PG&E (PCG), Amazon, Danaher (DHR), Vistra (VST), and Bath & Body Works.
|
CPB | Hot Stocks16:31 EST Campbell names Daniel Poland chief enterprise transformation officer - Campbell Soup Company announced the appointment of Daniel L. Poland to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, effective immediately. Poland will continue to report to President and Chief Executive Officer Mark Clouse and remain a member of Campbell's Operating Committee. Poland will lead a new Enterprise Transformation Office to accelerate business performance, elevate capabilities, and drive continuous improvement. Campbell's Enterprise Transformation Office is a cross-functional team to drive digital transformation, integrated business planning, innovation process, food safety and quality, sustainability, and create the supply chain network of the future. "Transformation is essential to stay nimble and to accelerate our growth in pursuit of setting the standard for performance in the food industry," said Clouse. "Our Enterprise Transformation Office will elevate critical capabilities and improve our effectiveness to create competitive advantages for the company. I'm confident Dan will bring the speed, agility and focus that transformed our supply chain to this new role and help drive our next era of growth."
|
ZURA | Hot Stocks16:31 EST Zura Bio submits protocol to FDA for Phase 2 study of Tibulizumab - Zura Bio "announced the submission of a protocol to its open Investigational New Drug application with the U.S. Food and Drug Administration for a Phase 2 study evaluating tibulizumab, a humanized tetravalent bispecific dual antagonist antibody designed to neutralize both IL-17A and BAFF, for the treatment of systemic sclerosis in adults. The planned Phase 2 clinical trial, a double-blind, randomized (1:1), placebo-controlled study, is designed to evaluate the safety, tolerability, and efficacy of tibulizumab in approximately 80 participants with early diffuse cutaneous systemic sclerosis (dcSSc). The anticipated study aims to demonstrate improvements in skin and lung symptoms, two primary complications of SSc, and includes an open-label extension. The trial is expected to initiate in Q4 2024, with an Orphan Drug Designation request already submitted to the FDA in the same quarter. Tibulizumab has not received approval from any regulatory authority, and its safety and efficacy for the treatment of SSc have not been established."
|
MVBF | Hot Stocks16:30 EST MVB Financial names Joe Rodriguez chief risk officer - MVB Financial Corp. has named Joe Rodriguez as Chief Risk Officer. Rodriguez has a strong reputation in the financial services risk management industry as a leader who operates at the intersection of innovation and prudent risk management. "We are pleased to welcome Joe Rodriguez to the MVB family as a trusted partner on the financial frontier, committed to the success of our Team, clients, communities and shareholders," said Larry F. Mazza, CEO, MVB Financial and MVB Bank. "Known for his deep-seated expertise in banking and financial services regulatory frameworks, Joe has built a reputation for building risk management teams that are not just safeguards, but drivers of business value and sustainable transformation."
|
TFFP | Hot Stocks16:29 EST TFF Pharmaceuticals terminates employees, to wind down operations - TFF Pharmaceuticals announced that the company has terminated its employees and will wind down its operations. This decision was made at a special meeting of the board of directors.
|
NGS | Hot Stocks16:29 EST Natural Gas Services sees FY24 adjusted EBITDA $67M-$69M - Jacobs, Chief Executive Officer concluded, "We have multiple pathways to build on our industry-leading growth and drive shareholder value: fleet optimization, asset utilization, new rental units, and accretive mergers and acquisitions. Given our strong balance sheet, low relative leverage, and meaningful borrowing capacity, we are well positioned to continue to take advantage of the opportunities to continue significant growth beyond 2024."
|
TURN | Hot Stocks16:25 EST 180 Degree Capital reports Q3 NAV per share $4.40 - "While the first three quarters of 2024 have proven challenging for small and microcapitalization stocks on a relative basis and our holdings on an absolute basis, we believe that we are at an inflection point in the cycle where interest is returning to our investment universe, particularly for companies that are performing," said Kevin M. Rendino, Chief Executive Officer of 180 Degree Capital. "We continue to believe there is significant opportunity going forward for small capitalization stocks, particularly given the backdrop of their historically low valuations in general and relative to large capitalization stocks. I have seen this play out time and time again during my 35+ years of experience through these types of investment cycles. While it is always possible this time is different, recent market trends have similar characteristics to those that, upon reflection, turn out to be market bottoms heightened by excess pessimism that can be followed by periods of strong growth."
|
ASTS | Hot Stocks16:24 EST AST SpaceMobile provides business update - The company states: "First five commercial BlueBird satellites achieved successful initial operations and filed Special Temporary Authority request with FCC to begin beta service with AT&T and Verizon: All five satellites successfully unfolded as of late October, completing a key post-launch activity; Preparing satellites for operational readiness through ongoing integration with partner networks. Secured orbital launch capacity to enable continuous space-based cellular broadband service coverage in key markets, including U.S., Europe, Japan, the U.S. Government and other strategic markets globally: Launch services agreements with Blue Origin and existing launch vehicles for launches during 2025 and 2026; The agreements enable the orbital launch of up to approximately 60 Block 2 BlueBird satellites; Achieved initial validation of our AST5000 ASIC chip, with test software, test equipment, procedures, and main infrastructure in place to commission during 2025."
|
MRNA... | Hot Stocks16:22 EST Trump names Robert Kennedy as Secretary of Health and Human Services - President-elect Donald Trump said via Truth Social: "I am thrilled to announce Robert F. Kennedy Jr. as The United States Secretary of Health and Human Services (HHS). For too long, Americans have been crushed by the industrial food complex and drug companies who have engaged in deception, misinformation, and disinformation when it comes to Public Health. The Safety and Health of all Americans is the most important role of any Administration, and HHS will play a big role in helping ensure that everybody will be protected from harmful chemicals, pollutants, pesticides, pharmaceutical products, and food additives that have contributed to the overwhelming Health Crisis in this Country. Mr. Kennedy will restore these Agencies to the traditions of Gold Standard Scientific Research, and beacons of Transparency, to end the Chronic Disease epidemic, and to Make America Great and Healthy Again!" Robert F. Kennedy has been skeptical of vaccines in the past. Names in the vaccine space include Moderna (MRNA), BioNTech (BNTX), Pfizer (PFE), Novavax (NVAX) and GSK (GSK).
|
EVRI... | Hot Stocks16:22 EST Everi Holdings shareholders approve acquisition by Apollo Global funds - Everi Holdings (EVRI) announced that its stockholders have voted at a special meeting of Everi stockholders to approve the pending simultaneous acquisition of Everi and the Gaming & Digital business of International Game Technology (IGT) by a newly formed holding company owned by funds managed by affiliates of Apollo Global Management (APO) through a merger. As previously announced, pursuant to the terms of the merger agreement, Everi stockholders will receive $14.25 per share in cash for every share of Everi common stock they own immediately prior to the effective time of the merger. Assuming timely satisfaction of necessary closing conditions, the proposed transaction is expected to close by the end of the third quarter of 2025.
|
DPZ... | Hot Stocks16:20 EST Berkshire Hathaway takes new position in Domino's cuts stake in Apple - Warren Buffett's Berkshire Hathaway disclosed in an SEC filing its holdings as of September 30, 2024. Berkshire's two new buys during the third quarter included, by size of position, Domino's Pizza (DPZ) and Pool Corp (POOL). Berkshire exited one position during the quarter, Floor & Decor (FND). Berkshire increased its stake in one holding, Heico (HEI). Berkshire reduced its stake in a number of holdings, including by size of previous position, Apple (AAPL), Bank of America (BAC), Ulta Beauty (ULTA), Charter Communications (CHTR), and Nu Holdings (NU). Berkshire's top holdings as of September 30, in order of size, were Apple, American Express (AXP), Bank of America, Coca-Cola (KO), and Chevron (CVX).
|
BLFS | Hot Stocks16:20 EST BioLife Solutions announces $6.1M sale of freezer subsidiary, Arctic Solutions - BioLife Solutions announces the sale of its final wholly owned freezer subsidiary, Arctic Solutions, for $6.1M in cash. "We have now completed the divestiture of all our freezer and related businesses, which began with the sale of Global Cooling in April. The sale of CBS aligns with our strategic refocus on our proprietary, higher-margin, recurring-revenue cell processing products, and away from our capital equipment freezer and storage businesses that previously included Stirling, SciSafe and CBS," commented Roderick de Greef, Chairman and CEO of BioLife Solutions.
|
HALO EVO | Hot Stocks16:17 EST Halozyme confirms proposal to combine with Evotec for EUR 11.00 per share cash - Halozyme Therapeutics (HALO) confirmed it has submitted a non-binding proposal to the Management Board and Supervisory Board of Evotec (EVO) to acquire Evotec for EUR 11.00 per share in cash, implying a fully diluted equity value of EUR 2B. The proposal represents a premium of 109% to Evotec's undisturbed share price on October 15, the day prior to Triton Partners' initial accumulation of Evotec shares, and a premium of 77% to Evotec's last three-month volume weighted average price on October 15. Halozyme has significant cash reserves on-hand and a strong balance sheet. Closing of the transaction would not be subject to any financing contingency and would meet the requirements of BaFin in relation to financing of an offer.
|
XLU... | Hot Stocks16:17 EST Elliott sold Marathon Petroleum during Q3, bought more Southwest - Paul Singer's Elliott Investment Management disclosed in an SEC filing its holdings as of September 30, 2024. The fund's one new buy during the third quarter was Utilities Select Sector SPDR (XLU). Elliott exited two positions during the quarter: Marathon Petroleum (MPC) and iShares iBoxx $ High Yield Corporate Bond (HYG). The fund increased its stake in several holdings, including Southwest (LUV), Match Group (MTCH), Liberty Broadband (LBRDK), Western Digital (WDC) and Etsy (ETSY). Elliott decreased its stake in Seadrill (SDRL) and NRG Energy (NRG). The fund's top holdings as of September 30, in order of size, were Triple Flag (TFPM), Suncor (SU), Southwest, Pinterest (PINS), and NRG Energy.
|
ASTS | Hot Stocks16:16 EST AST SpaceMobile launches services agreements securing orbital launch capacity - AST SpaceMobile "announced launch services agreements securing the orbital launch capacity to enable continuous space-based cellular broadband service coverage across some of the most in-demand cellular markets globally. AST SpaceMobile's global service will initially target key markets such as the United States, Europe, Japan, the U.S. Government and other strategic markets. The Cape Canaveral Florida Space Force Station launch campaign, scheduled during 2025 and 2026, will utilize existing launch vehicles and Blue Origin's New Glenn rocket for up to ~60 Block 2 satellites to low Earth orbit. The next-generation Block 2 BlueBirds are designed to deliver up to 10 times the bandwidth capacity of the BlueBird satellites in orbit today, accelerating the goal to achieve 24/7 continuous cellular broadband service coverage. The service will target approximately 100% U.S. nationwide coverage from space with over 5,600 coverage cells, with beams designed to support a capacity of up to 40 MHz, enabling peak data transmission speeds up to 120 Mbps, supporting voice, full data and video applications. The Block 2 BlueBirds, featuring up to 2,400 square foot communications arrays, will be the largest ever commercially deployed in low Earth orbit once launched, surpassing the current record held by AST SpaceMobile's BlueBird 1-5 and BlueWalker 3, each ~700 square feet in size."
|
SXI | Hot Stocks16:16 EST Standex acquires Custom Biogenic Systems for $6.2M - Standex has acquired Michigan-based Custom Biogenic Systems for approximately $6.2M in cash. The transaction is being financed from Standex's existing cash balance. In its first year of ownership, the company expects the acquisition to be accretive to its earnings. CBS will be reported as part of Standex's Scientific business segment. Founded in 1987, Custom Biogenic Systems is a leader in the design and manufacturing of laboratory products and supplies. CBS specializes in the development and manufacturing of cryogenic equipment to the pharmaceutical and biobank end markets within life sciences. In calendar year 2024, Custom Biogenic Systems estimates revenues of approximately $15M.
|
FLEX | Hot Stocks16:14 EST Flex acquires JetCool Technologies, terms not disclosed - Flex announced it has acquired JetCool Technologies, a liquid cooling company for data centers. The acquisition bolsters Flex's data center and power portfolio to help hyperscale and enterprise customers solve growing power, heat, and scale challenges in the era of AI. Building on the partnership announced at the 2024 OCP Global Summit, the deal brings together JetCool's advanced cooling technologies and Flex's expertise across IT and power infrastructure, global manufacturing and vertical integration for customers to deploy AI servers at scale.
|
MLSS | Hot Stocks16:14 EST Milestone Scientific CEO Arjan Haverhals to retire - Milestone Scientific announced that its CEO Arjan Haverhals will retire from his role as an officer of the company on December 31. Upon his retirement, Haverhals will continue to serve as a director on the board and will provide consulting services to ensure continuity and support through the leadership transition. As part of the transition, Neal Goldman, chairman of the board, has been appointed as Interim CEO, effective upon Haverhals' departure. The board is in the process of retaining an independent executive search firm to identify a permanent CEO.
|
SEDG | Hot Stocks16:13 EST SolarEdge director buys $228.6K in common stock - In a regulatory filing, SolarEdge disclosed that its director Marcel Gani bought 20K shares of common stock on November 13th in a total transaction size of $228.6K.
|
CBRE | Hot Stocks16:13 EST CBRE Group COO Kohli sells 1,049 class A shares - In a regulatory filing, CBRE Group COO Vikramaditya Kohli disclosed the sale of 1,049 class A common shares of the company on November 13 at a price of $135.39 per share.
|
Z ZG | Hot Stocks16:10 EST Zillow Group names Jun Choo as COO - Zillow Group announced that tenured Zillow executive Jun Choo has been promoted to COO. Choo joined Zillow Group in 2015 through the company's acquisition of Trulia and has more than two decades of leadership and go-to-market experience in the real estate tech space.
|
BKKT | Hot Stocks16:10 EST Bakkt sees FY24 revenue from loyalty $49M-$50M - The company states: "Full year 2024 revenue from loyalty expected to be approximately $49 million - $50 million, lower than prior guidance primarily due to lower transaction revenue. Full year 2024 gross crypto revenue, less crypto costs and execution, clearing and brokerage costs, expected to be at the lower end of $10 million - $15 million range primarily due to timing of activations. Full year 2024 cash used in operating activities expected to be ($84 million) - ($89 million) and free cash flow usage (non-GAAP) expected to be ($91 million) - ($96 million) due to reduction in revenue and higher expenses."
|
AMGN | Hot Stocks16:07 EST Amgen's Uplizna shows potential efficacy in rare inflammatory diseases - Amgen announced the presentation of new data across its rare disease portfolio and pipeline at the annual American College of Rheumatology - ACR - 2024 conference in Washington, D.C., Nov. 14-19. New data showcase reduction in disease activity by Uplizna in Immunoglobulin G4-Related Disease and support shorter infusion times for Krystexxa co-administered with weekly oral methotrexate 15 mg. Key findings from the presentations include: a clinically meaningful and statistically significant 87% reduction in the risk of IgG4-RD flare compared to placebo during the 52-week placebo-controlled period; seven of 68 participants receiving Uplizna experienced a flare compared to 40 of 67 participants receiving placebo; 57.4% of participants receiving Uplizna achieved flare-free, treatment-free, complete remission at Week 52 vs. 22.4% participants receiving placebo; 89.7% of Uplizna -treated patients required no glucocorticoid treatment for disease control during the placebo-controlled period vs. 37.3% of patients on placebo. Safety results in the placebo-controlled period were consistent with the established safety profile of Uplizna. The data were simultaneously published in the New England Journal of Medicine. 67.2% of participants receiving a 60-minute infusion duration of Krystexxa with methotrexate achieved and maintained a response during Month 6. In August, the FDA granted Breakthrough Therapy Designation for Uplizna in IgG4-RD and regulatory filing activities are currently underway.
|
VSTO | Hot Stocks16:06 EST Proxy advisory firms recommend Vista Outdoor stockholders vote for CSG deal - The company states: "Vista Outdoor (VSTO) announced that both leading independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co.have updated their reports to recommend Vista Outdoor stockholders vote "FOR" the transaction with Czechoslovak Group a.s. to acquire The Kinetic Group for $2.225 billion. The CSG Transaction will deliver to Vista Outdoor stockholders $25.75 in cash and one share of Revelyst common stock for each share of Vista Outdoor common stock they hold. Following the closing of the CSG Transaction, Revelyst will begin trading on the New York Stock Exchange under the ticker "GEAR". Subject to the receipt of necessary regulatory approvals and satisfaction of other customary closing conditions, funds managed by Strategic Value Partners, LLC will subsequently acquire Revelyst in an all-cash transaction based on an enterprise value of $1.125 billion). The SVP Transaction is expected to close by January 2025. Together, the CSG Transaction and the SVP Transaction represent an enterprise value of $3.35 billion for Vista Outdoor and will deliver an estimated $45 per share in cash to Vista Outdoor stockholders."
|
TFFP | Hot Stocks16:05 EST TFF Pharmaceuticals trading halted, news pending
|
XCUR | Hot Stocks16:04 EST Exicure enters into purchase agreements for $1.3M - The company states: "Exicure has historically been an early-stage biotechnology company focused on developing nucleic acid therapies targeting ribonucleic acid against validated targets. In September 2022, the Company announced a significant reduction in force, suspension of preclinical activities and halting of all research and development, and that the Company was exploring strategic alternatives to maximize stockholder value. In an agreement dated November 6, 2024 and executed on November 12, 2024, the Company agreed to sell and issue to HiTron Systems Inc. 433,333 shares of common stock, par value $0.0001 per share, for $1.3 million, at a purchase price of $3.00 per share. The closing of this transaction is expected to occur within 10 days from its execution. On November 13, 2024, in a subsequent agreement, the Company agreed to sell and issue to HiTron 2,900,000 additional shares of common stock, par value $0.0001 per share, for $8.7 million, at a purchase price of $3.00 per share. The closing of the investment pursuant to this subsequent agreement is conditioned on stockholder approval, among other customary conditions."
|
AXON | Hot Stocks16:04 EST Axon awarded Federal Government contract to supply RCMP with cameras - Axon announced that, following a competitive procurement process, it has been awarded a Public Services and Procurement Canada-led contract to supply the Royal Canadian Mounted Police with Axon Body 4 body-worn cameras and digital evidence management system Axon Evidence. Once the rollout is complete, the RCMP will have deployed more than 10,000 Axon Body 4 body-worn cameras to frontline contract and federal police officers who serve communities across Canada's rural, urban and remote locations. In addition to body-worn cameras, the RCMP is deploying Axon Evidence across its service, enabling secure storage, management and sharing of evidentiary data.
|
KGS | Hot Stocks16:00 EST Kodiak Gas Services announces $50M share repurchase program - Kodiak Gas Services announced that its Board of Directors has approved a share repurchase program, with authorization to purchase up to an aggregate of $50 million of the Company's common stock, commencing on the date thereof and expiring on December 31, 2025
|
INHD | Hot Stocks15:38 EST Inno Holdings Inc trading resumes
|
INHD | Hot Stocks15:33 EST Inno Holdings Inc trading halted, volatility trading pause
|
AAON | Hot Stocks15:31 EST Aaon to increase production capacity with new Memphis facility - Aaon announces the expansion of the company's production capacity with the purchase of a new 787,000 square foot facility in Memphis, Tennessee. "This facility will primarily facilitate the growing demand from the data center market and is projected to create 828 skilled jobs at this location over the next five years of operation. The expansion will also add geographic diversification to AAON's current manufacturing footprint, mitigating certain operational risks and better serving our data center customers," the company stated.
|
CIG | Hot Stocks15:21 EST CEMIG trading resumes
|
FLUT... | Hot Stocks15:05 EST Tiger Global take new stake in Flutter, cuts stake in Uber - Chase Coleman's Tiger Global disclosed in an SEC filing its holdings as of September 30, 2024. Tiger's three new buys during the third quarter included, by size of position, Flutter (FLUT), Sherwin-Williams (SHW), and Coupang (CPNG). Tiger exited two positions during the quarter, including by size of previous position, Dexcom (DXCM) and Astera Labs (ALAB). Tiger increased its stake in a number of holdings, including by size of previous position, UnitedHealth (UNH), Corpay (CPAY), TSMC (TSM), Broadcom (AVGO), and Take-Two (TTWO). Tiger reduced its stake in three holdings, including by size of previous position, Uber (UBER), StoneCo (STNE), and JD.com (JD). Tiger's top holdings as of September 30, in order of size, were Meta Platforms (META), Microsoft (MSFT), Alphabet (GOOGL), Apollo Global (APO), and Sea Ltd (SE).
|
MSI | Hot Stocks14:48 EST Motorola Solutions increases regular quarterly dividend by 11% to $1.09 p/s - Motorola Solutions announced that its board of directors has increased its regular quarterly dividend by 11% to $1.09 per share. The next quarterly dividend will be payable in cash on January 15 , to stockholders of record at the close of business on December 13 .
|
AEP BE | Hot Stocks14:37 EST American Electric in pact for up to 1 GW of Bloom Energy solid oxide fuel cells - American Electric Power (AEP) announced it is offering large customers a custom solution to support their growing energy needs with fuel cell technology. AEP has an agreement in place to secure up to 1 gigawatt, or GW, of Bloom Energy (BE) solid oxide fuel cells for data centers and other large energy users who need to quickly power their operations while the grid is built out to accommodate demand. "This is the largest utility fuel cell technology initiative in the nation. AEP expects commercial load to grow an average of 20% annually over the next three years, driven by data center development. The company is in the process of finalizing the first customer project agreements. Discussions are taking place with several other customers about using this technology to provide additional power to their sites while AEP makes the needed grid investments for the long term. All costs for the fuel cell projects will be covered by the large customers under a special contract," AEP stated. "The rapid increase in energy demand is a challenge that AEP is tackling by finding innovative solutions to meet the unique needs of our customers. These fuel cells will help provide data centers and other large customers with the power they need to quickly expand in our regulated footprint as we continue to build infrastructure to deliver reliable energy for all our customers," added Bill Fehrman, AEP president and CEO.
|
COHR | Hot Stocks14:34 EST Coherent Director Elizabeth Patrick sells $580K in shares - Coherent Director Elizabeth Patrick disclosed the sale of 5,542 shares of company stock $104.64 per share on November 13, for a total transaction amount of $579,910.
|
SR | Hot Stocks14:18 EST Spire boosts annual dividend to $3.14 from $3.02 per share - The board of directors of Spire agreed to increase the annual common stock dividend to $3.14 per share from $3.02 per share. The 12c per share increase brings the quarterly rate to 78.5c, an increase of 4.0%. The dividend is payable on January 3, 2025, to shareholders of record on December 11, 2024. "The board's vote to increase Spire's dividend reflects our confidence in both the company's financial position and its long-term growth strategy. Spire will continue to be a compelling investment delivering value to shareholders," said Rob Jones, chairman of the board of Spire.
|
BESIY | Hot Stocks14:15 EST BE Semiconductor says no response to market rumors, committed to plan - BE Semiconductor Industries noted today recent media articles referring to a potential strategic combination involving the company. "Besi does not respond to market rumors. The company is fully committed to the execution of its strategic plan to enhance shareholder value as an independent company," Besi stated.
|
JPM | Hot Stocks14:08 EST Trump says JPMorgan's Dimon won't be invited to join administration - President-elect Donald Trump posted to Truth Social: "I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration. I thank Jamie for his outstanding service to our Country!" Reference Link
|
MET | Hot Stocks14:03 EST Treasury says MetLife unit to pay $178,421 to settle potential civil liability - American Life Insurance Company (ALICO), a Delaware subsidiary of MetLife, Inc. that offers group and individual insurance globally, has agreed to pay $178,421 to settle its potential civil liability for apparent violations of OFAC sanctions on Iran, the Department of the Treasury, Office of Foreign Assets Control, announced. Reference Link
|
CIG | Hot Stocks14:01 EST CEMIG trading halted, news pending
|
CBRL | Hot Stocks13:58 EST Biglari says Cracker Barrel preliminary Q1 report 'reinforces our concerns' - Biglari Capital issued a response to Cracker Barrel Old Country Store's first quarter 2025 earnings announcement, stating in part: "Cracker Barrel's preliminary Q1 2025 earnings announcement reinforces our concerns that the Company is on the wrong track. The Company did not disclose the change in guest traffic, which continued to decline during the quarter. The adjusted EBITDA margin in Q1 2025 was 5.4%, 70 bps lower than in Q1 2023, and similar to that in Q1 2024. Considering FY 2024 was the worst year in Cracker Barrel's history, the fact that Q1 2025 results are comparable to Q1 2024 performance suggests that the transformation plan is not working. Importantly, Cracker Barrel did not change its FY 2025 guidance. Management expects revenue and adjusted EBITDA in FY 2025 to be similar to or lower than in FY 2024, assuming the midpoint of guidance, despite opening two new Cracker Barrel stores and three to four new Maple Street Biscuit units and making $160 million to $180 million in capital expenditures... The Q1 2025 results do not change the underlying concerns we have or the urgent need for change. Shareholders cannot afford to wait for the Company to implode. Cracker Barrel is in trouble if the incumbent Board is investing $180 million only to stay at par with FY 2024, which saw the worst performance in company history. Shareholders must act now to protect their investments."
|
WCT | Hot Stocks13:38 EST Wellchange Holdings Co Ltd trading resumes
|
WCT | Hot Stocks13:33 EST Wellchange Holdings Co Ltd trading halted, volatility trading pause
|
BE | Hot Stocks13:22 EST Bloom Energy trading halted, news pending
|
AGFY | Hot Stocks13:19 EST Agrify Corp trading resumes
|
ESAIY | Hot Stocks13:17 EST Eisai's lenvatinib granted orphan status as esophageal, gastric cancer treatment - Eisai's lenvatinib was granted orphan designation by the FDA as a treatment of esophageal cancer and as a treatment of gastric cancer, including gastroesophageal junction cancer, according to two posts to the agency's website. Reference Link
|
ELVA | Hot Stocks13:15 EST ELVA Stock trading resumes
|
AGFY | Hot Stocks13:14 EST Agrify Corp trading halted, volatility trading pause
|
SNAP | Hot Stocks12:53 EST Snapchat adds location sharing features to Family Center - Snap announced new new location sharing features coming to Family Center, Snapchat's in-app hub where it offers parental tools and resources. "Snapchat is already home to one of the most popular maps on mobile," the company said. "More than 350M people use our Snap Map every month to share their location with their friends and family to help stay safe while out and about, to find great places to visit nearby, and to learn about the world through Snaps from around the globe. Soon, new Snap Map location sharing features in Family Center will make it easier than ever for families to stay connected while out and about." Reference Link
|
F GM | Hot Stocks12:40 EST Ford, GM move lower after report of Trump killing EV tax credit
|
RIVN LCID | Hot Stocks12:33 EST Rivian, Lucid lower after Reuters says Trump to kill EV tax credit
|
GOOG... | Hot Stocks12:19 EST Google launches dedicated Gemini app for iPhone - Alphabet's (GOOGL) Google announced it is launching a dedicated Gemini AI app for iPhone (AAPL), available for download in the App Store around the world, starting Thursday. "Now, you'll be able to have easy access to Google's personal AI assistant, right on your iPhone, free of charge," the company said. "iPhone users can now experience Gemini in a whole new way with our dedicated mobile app. In addition to using Gemini through the Google app on iOS or a web browser, iPhone users can enjoy a more streamlined Gemini experience, with easy access to features that help improve learning, creativity and productivity." Reference Link
|
ELVA | Hot Stocks12:16 EST ELVA Stock trading halted, news pending
|
MBI | Hot Stocks12:00 EST MBIA rises 16.1% - MBIA is up 16.1%, or 79c to $5.70.
|
OSCR | Hot Stocks12:00 EST Oscar Health rises 18.2% - Oscar Health is up 18.2%, or $2.46 to $15.94.
|
BKSY | Hot Stocks12:00 EST BlackSky rises 21.2% - BlackSky is up 21.2%, or $1.57 to $8.97.
|
IBTA | Hot Stocks12:00 EST Ibotta falls -14.9% - Ibotta is down -14.9%, or -$11.19 to $63.74.
|
GWH | Hot Stocks12:00 EST ESS Tech falls -19.0% - ESS Tech is down -19.0%, or -$1.69 to $7.21.
|
ZK | Hot Stocks12:00 EST Zeekr falls -25.8% - Zeekr is down -25.8%, or -$7.50 to $21.64.
|
DVN... | Hot Stocks11:56 EST Omega exits stakes in Devon, Las Vegas Sands, KBR, and Paramount Global - Leon Cooperman's Omega Advisors disclosed in an SEC filing its holdings as of September 30, 2024. Omega exited a number of positions during the quarter, including by size of previous position, Devon (DVN), Las Vegas Sands (LVS), KBR (KBR), and Paramount Global (PARA). Omega increased its stake in a number of holdings, including by size of previous position, Elevance (ELV), Fidelis Insurance (FIHL), MP Materials (MP), Sea Ltd (SE), and OneMain (OMF). Omega reduced its stake in a number of holdings, including by size of previous position, DT Midstream (DTM), Apollo Global (APO), Cigna (CI), and CommScope (COMM). Omega's top holdings as of September 30, in order of size, were Mr Cooper (COOP), Vertiv (VRT), Energy Transfer (ET), Apollo Global, and WillScot Holdings (WSC).
|
CPRI TPR | Hot Stocks11:42 EST Capri says open to talks with companies interested in assets - Capri Holdings (CPRI) CEO says the company is well positioned to move ahead as an independent public company after Capri and Tapestry (TPR) mutually agreed that terminating the merger agreement was in the best interests of both companies. The CEO says the Michael Kors brand was not evolving as needed and sales have been impacted by a slowdown in luxury fashion goods globally as well as outsized weakness in China. The company intends to reduce expenses by closing unprofitable stores and additional workforce optimization. The company has been open to conversations with any company that has interest in any of its assets, Capri executives added. Comments from Capri's strategic update call following the announcement of the deal break.
|
MSFT... | Hot Stocks11:41 EST Microsoft unveils 'This is an Xbox' campaign - Microsoft (MSFT) announced its new "This is an Xbox" campaign, which invites players to play with Xbox across multiple devices and screens. "It showcases the evolution of Xbox as a platform that extends across devices, with bold, iconic, fun visuals and a light-hearted tone," the company said. "Launching today, the campaign will come to life in a variety of ways. To truly understand what an Xbox is, it's equally important to understand what is not an Xbox. To bring this to life, we've had some fun and labeled "This is Not an Xbox" on non-Xboxes in unexpected places, while also featuring our "This is an Xbox" campaign visuals across San Francisco, Atlanta, Chicago, Sydney, Melbourne, Brisbane, London, New York, and Berlin to highlight all the devices that are part of Xbox... To further extend This Is an Xbox, we've partnered with several brands including Samsung (SSNLF), Crocs (CROX), Porsche (POAHY), and The Happy Egg Co. to help bring the campaign to life in unexpected and entertaining ways.The Samsung Smart TV experience continues to be an exciting way to play with Xbox, giving Xbox Game Pass Ultimate members easy and instant access to hundreds of high-quality games through the Xbox app from the Samsung Gaming Hub.Through this campaign, players can not only immerse themselves in their favorite games on Samsung's platform but also see 'This is an Xbox' creative directly on their home screens - and on an even grander scale, coming soon to Times Square... With a showstopping library of iconic franchises and upcoming games, including Call of Duty: Black Ops 6, Indiana Jones and the Great Circle, Avowed, and Microsoft Flight Simulator 2024, the Xbox gaming experience is widely available across a breadth of devices, providing people with the power to choose more ways to play than ever before." Reference Link
|
ESAIY BIIB | Hot Stocks11:25 EST Eisai receives positive CHMP opinion for Lecanemab in early Alzheimer's disease - Eisai (ESAIY) and Biogen (BIIB) announced that a positive opinion has been received from the Committee for Medicinal Products for Human Use of the European Medicines Agency recommending approval of the amyloid-beta monoclonal antibody lecanemab as a treatment of adult patients with a clinical diagnosis of mild cognitive impairment and mild dementia due to Alzheimer's disease who are apolipoprotein E non-carriers or heterozygotes with confirmed amyloid pathology. Eisai had requested a re-examination of the prior negative opinion adopted by the CHMP in July 2024. In accordance with European Medicines Agency regulatory process, the European Commission is expected to make a final decision on the marketing authorization application of lecanemab based on the CHMP recommendation within 67 days of receipt of CHMP opinion. Eisai serves as the lead for lecanemab's development and regulatory submissions globally with both Eisai and Biogen co-commercializing and co-promoting the product and Eisai having final decision-making authority.
|
BIIB | Hot Stocks11:04 EST Biogen up 5% after EMA recommends Leqembi for early Alzheimer's disease
|
BIIB ESAIY | Hot Stocks11:04 EST EMA recommends Leqembi for treatment of early Alzheimer's disease - The EMA stated: "After re-examining its initial opinion, EMA's human medicines committee, or CHMP, has recommended granting a marketing authorisation to Leqembi for treating mild cognitive impairment or mild dementia due to Alzheimer's disease in patients who have only one or no copy of ApoE4, a certain form of the gene for the protein apolipoprotein E. Patients with only one or no copy of ApoE4 are less likely to experience amyloid-related imaging abnormalities, or ARIA, than people with two ApoE4 copies. ARIA is a recognised serious side effect with Leqembi that involves swelling and potential bleeding in the brain. The CHMP concluded that, in the restricted population assessed in the re-examination, the benefits of Leqembi in slowing down progression of symptoms of the disease are greater than its risks. In July 2024, the Committee had issued a negative opinion on the use of Leqembi in a broader population of all patients with early Alzheimer's disease." Reference Link
|
GETY | Hot Stocks11:00 EST Getty Images announces content integration with TikTok - Getty Images announced a content integration with TikTok. "The integration allows advertisers and businesses direct access to Getty Images' vast library of creative imagery and video content through TikTok's AI-powered video generation tool, Symphony Creative Studio. By integrating Getty Images' premium creative content directly into TikTok's Symphony Creative Studio, users can effortlessly craft TikTok-first ads and organic content that feels native to the platform and increases performance," the company stated. "With the surge in demand for authentic storytelling in advertising, the need for captivating, high-quality content to convey these stories effectively to audiences has never been greater. At Getty Images, we take pride in empowering advertisers to streamline their creative processes. This collaboration offers seamless integration into TikTok's Symphony Creative Studio, giving brands and businesses direct access to our vast library of millions of premium images and videos, ensuring they can create powerful, engaging TikTok-first content with ease," said Peter Orlowsky, SVP of Global Strategic Partnerships at Getty Images.
|
GOOG GOOGL | Hot Stocks10:34 EST Google to stop serving political advertising in EU ahead of regulation - Alphabet's Google said it will stop serving political advertising in the European Union ahead of new regulation in October 2025. Google said, "The European Union's upcoming Regulation on Transparency and Targeting of Political Advertising unfortunately introduces significant new operational challenges and legal uncertainties for political advertisers and platforms. For example, the TTPA defines political advertising so broadly that it could cover ads related to an extremely wide range of issues that would be difficult to reliably identify at scale. There is also a lack of reliable local election data permitting consistent and accurate identification of all ads related to any local, regional or national election across any of 27 EU Member States. And key technical guidance may not be finalized until just months before the regulation comes into effect. As a result, Google will stop serving political advertising in the EU before the TTPA enters into force in October 2025. Additionally, paid political promotions, where they qualify as political ads under the TTPA, will no longer be permitted on YouTube in the EU." Reference Link
|
TLN AMZN | Hot Stocks10:25 EST Talen says 'obviously disappointed' with FERC's decision on Susquehanna ISA - Talen Energy (TLN) said earlier that "We are obviously disappointed with the FERC's recent decision on the Susquehanna ISA. That said, we are moving forward with AWS (AMZN) on commercial solutions."
|
TLN... | Hot Stocks10:24 EST Talen Energy: Susquehanna permitted to decrease amount of power supply provided - In a regulatory filing, Talen Energy (TLN) said that under a prior, FERC-accepted interconnection agreement between PJM, Susquehanna, and a subsidiary of PPL Corporation (PPL), Susquehanna is permitted to decrease by up to 300 MW the amount of power supply that it would otherwise provide to the power grid within PPL's service area. Susquehanna currently provides that power to load via load-owned transmission directly connected to Susquehanna rather than supplying load from the power grid. In June 2024, PJM filed at FERC an Amended Interconnection Service Agreement executed between the ISA Parties permitting Susquehanna to decrease by up to 480 MW the amount of power supply that it would otherwise provide to the power grid and now intends to sell to AWS instead. PJM previously concluded such increase in the amount of withheld power would have no reliability impacts on the grid. In June 2024, despite the Amended ISA being applicable solely to the PPL service area, Exelon Corporation (EXC) and AEP (AEP) filed a protest to the Amended ISA at FERC and raised generic issues involving the direct connection of load service to generators. FERC responded by issuing a deficiency letter in August 2024 seeking more information about the arrangement described in the Amended ISA and separately setting a Technical Conference for November 2024 to discuss broader issues related to (i) co-located load connected directly to generation; and (ii) emerging reliability issues resulting from the dramatic rise in data center demand for power. In September 2024, PJM provided a response to FERC's August 2024 deficiency letter on the Amended ISA and filed a Construction Service Agreement between the ISA Parties and Mid-Atlantic Interstate Transmission, LLC to facilitate certain network upgrades to ultimately accommodate a 960 MW decrease of power supply to the grid. Talen filed its own comments in September 2024 and written testimony in the Technical Conference proceeding in October 2024. Shortly after the conclusion of the FERC Technical Conference on November 1, 2024, FERC issued a 2-1 decision rejecting the Amended ISA. Talen may seek a rehearing of the FERC order within the 30-day deadline for such motions and, if necessary, file a subsequent appeal in a U.S. Court of Appeals. nder a prior, FERC-accepted interconnection agreement between PJM, Susquehanna, and a subsidiary of PPL Corporation ("PPL") (collectively, the "ISA Parties"), Susquehanna is permitted to decrease by up to 300 MW the amount of power supply that it would otherwise provide to the power grid within PPL's service area. Susquehanna currently provides that power to load via load-owned transmission directly connected to Susquehanna rather than supplying load from the power grid. In June 2024, PJM filed at FERC an Amended Interconnection Service Agreement ("Amended ISA") executed between the ISA Parties permitting Susquehanna to decrease by up to 480 MW the amount of power supply that it would otherwise provide to the power grid and now intends to sell to AWS instead. PJM previously concluded such increase in the amount of withheld power would have no reliability impacts on the grid. In June 2024, despite the Amended ISA being applicable solely to the PPL service area, Exelon Corporation and AEP filed a protest to the Amended ISA at FERC and raised generic issues involving the direct connection of load service to generators. FERC responded by issuing a deficiency letter in August 2024 seeking more information about the arrangement described in the Amended ISA and separately setting a Technical Conference for November 2024 to discuss broader issues related to (i) co-located load connected directly to generation; and (ii) emerging reliability issues resulting from the dramatic rise in data center demand for power. In September 2024, PJM provided a response to FERC's August 2024 deficiency letter on the Amended ISA and filed a Construction Service Agreement between the ISA Parties and Mid-Atlantic Interstate Transmission, LLC to facilitate certain network upgrades to ultimately accommodate a 960 MW decrease of power supply to the grid. Talen filed its own comments in September 2024 and written testimony in the Technical Conference proceeding in October 2024. Shortly after the conclusion of the FERC Technical Conference on November 1, 2024, FERC issued a 2-1 decision rejecting the Amended ISA. Talen may seek a rehearing of the FERC order within the 30-day deadline for such motions and, if necessary, file a subsequent appeal in a U.S. Court of Appeals.
|
BLAC | Hot Stocks10:21 EST Bellevue Life Sciences Acquisition Corp trading resumes
|
BLAC | Hot Stocks10:16 EST Bellevue Life Sciences Acquisition Corp trading halted, volatility trading pause
|
PCRX | Hot Stocks10:16 EST Pacira announces 104-week safety, efficay data for PCRX-201 - Pacira BioSciences announced new data demonstrating its gene therapy for osteoarthritis candidate, PCRX-201, provided sustained improvements in knee pain, stiffness, and function to 104 weeks following local administration, with a well-tolerated safety profile. The data, which indicate a potential for sustained clinical efficacy in patients with moderate to severe osteoarthritis of the knee (OAK), will be presented during a poster session at the American College of Rheumatology's annual ACR Convergence meeting on Sunday, November 17 from 10:30 am - 12:30 pm EST. The new data is derived from an open-label, phase 1 trial investigating the safety and efficacy of PCRX-201 administered via ultrasound-guided intraarticular injection in 72 patients with OAK graded at 2, 3, or 4 on the Kellgren-Lawrence scale, a semiquantitative method for evaluating the severity of osteoarthritis on a scale of 0-4. Participants were broken into two cohorts. The first cohort received one of three doses of PCRX-201. The second cohort received concurrent pretreatment with an intraarticular corticosteroid, a technique common in gene therapy dosing to improve tolerability and gene transfer. Pain and function benefits were observed at all doses and across both cohorts over the full 104 weeks studied, with patients in the second cohort achieving greater pain reduction and fewer adverse events. Additional results in the pretreated cohort, across all doses, include: 48%-65% improvement in pain from baseline, as measured by the Western Ontario and McMaster Universities Arthritis Index-A; 53%-72% improvement in stiffness from baseline, as measured by WOMAC-B; Improvements in function from baseline, as measured by the Knee Injury and Osteoarthritis Outcome Score Activities of Daily Living scale, that were similar to improvements in WOMAC-A and WOMAC-B; By 16 weeks more than 70% of participants achieved greater than 50% reductions from baseline pain.; No serious treatment-emergent AEs related to the treatment or procedure were reported regardless of steroid pretreatment or dose level administered. Treatment-related joint effusions were the most common AE, occurring in 36% of patients who received steroid pretreatment vs 61% of patients who were not pretreated. The majority of effusions were mild to moderate in severity and resolved in a median of 33 days among patients in the pretreated group. PCRX-201 is a locally administered gene therapy, designed to produce interleukin-1 receptor antagonist, a naturally occurring, anti-inflammatory protein with a proven mechanism of action that reduces interleukin-1 signaling, a known factor in the development and progression of osteoarthritis of the knee. Unlike systemically administered gene therapies, PCRX-201 delivers the medicine where it matters to reduce pain and disability and potentially slow structural progression at the site of the disease. PCRX-201 uses an inducible promoter to mimic the body's natural response to inflammation by "turning on" the expression of IL-1Ra when inflammation is present in the joint and turning off IL-1Ra expression once inflammation is quelled.
|
VEEV | Hot Stocks10:13 EST Boehringer Ingelheim commits to Veeva Vault CRM - Veeva Systems announced that Boehringer Ingelheim is the latest global top 20 biopharma company to commit to moving to Veeva Vault CRM. Boehringer Ingelheim is seeking to expand on its existing Veeva Commercial Cloud solutions and its One Medicine and Amplify platforms, which connect development processes and data on Veeva Development Cloud.
|
KYTX | Hot Stocks10:11 EST Kyverna Therapeutics anounces patient data on KYV-101 - Kyverna Therapeutics will present updated clinical data from LN patients treated with KYV-101 in ongoing Kyverna-sponsored KYSA-1 and KYSA-3 Phase 1/2 studies and named patient treatments. Kyverna, alongside leading academic collaborators, will highlight all six patients treated with the target dose of 1108 CD19 CAR T cells, four of which have at least six months of follow-up. All patients at six months of follow-up after treatment at the target dose continue to display sustained efficacy and durability across numerous key clinical measures. These updates will be presented at a company symposium titled, "KYV-101 Anti-CD19 CAR T-Cell Therapy: The Future of Autoimmune Disease Treatment," to be held at 5:45 pm ET on November 18, 2024. Slides from the presentation will be posted to the company website following the symposium. Also at ACR Convergence 2024, Kyverna will present data on next-generation approaches, most notably with a poster on Ingenui-T, the Company's preclinical 3-day manufacturing process using autologous whole blood as starting material. Ingenui-T is designed to improve the patient experience by eliminating apheresis, leading to a potential for improved convenience, access and overall cost reduction. As the poster highlights, drug product from the Ingenui-T process manufactured with whole blood from patients with SLE or healthy donors displayed product characteristics similar to KYV-101. In addition, results from collaborative work on the molecular mechanisms underlying immune reset through deep B-cell depletion with CD19 CAR T-cell therapy performed in collaboration with Verily Life Sciences, an Alphabet precision health company, and the University of Erlangen will be shared as an oral presentation.
|
CRVS | Hot Stocks10:10 EST Corvus Pharmaceuticals announces preclinical dataon soquelitinib - Corvus Pharmaceuticals announced new preclinical data highlighting the potential of soquelitinib, the Company's lead ITK inhibitor program, to prevent lung damage, inflammation and pulmonary hypertension caused by systemic sclerosis. Systemic sclerosis is an autoimmune disease characterized by inflammation, fibrosis, vascular damage and interstitial lung disease, with ILD and pulmonary hypertension being the major causes of death in these patients. The disease involves the activation of Th2 helper T cells and cytokines produced by these cells, including IL-4, IL-5 and IL-13. The researchers utilized a Fra-2 transgenic mouse model that encompasses many of the features of systemic sclerosis in humans, including spontaneous systemic inflammation and fibrosis in the lungs, skin and heart, which leads to pulmonary hypertension and ILD. These mice also exhibit an accumulation of Th2 helper T cells. The Fra-2 transgenenic mice were treated with oral soquelitinib for seven weeks, compared to control Fra-2 transgenic mice. Compared to the control, the mice treated with soquelitinib showed: Significant reduction in lung infiltration and fibrosis, assessed by histology; Significant improvement in clinical score, which measures disease severity; Reduced vascular smooth muscle hypertrophy, assessed by histology; Reduced right ventricular systolic blood pressure, consistent with improvement in pulmonary hypertension. These results were confirmed in a second model of pulmonary fibrosis using a bleomycin lung injury model. Treatment with soquelitinib showed reduced pulmonary fibrosis, and infiltration with Th2 helper T cells.
|
F | Hot Stocks10:09 EST NHTSA announces $165M civil penalty against Ford - The National Highway Traffic Safety Administration announced a consent order with Ford Motor for failing to comply with federal recall requirements. The consent order includes a civil penalty of $165M, the second-largest civil penalty in NHTSA's history. "This action follows an investigation that found the company failed to recall vehicles with defective rearview cameras in a timely manner and failed to provide accurate and complete recall information as required by the National Traffic and Motor Vehicle Safety Act," the agency said in a statement. Reference Link
|
CGEM | Hot Stocks10:08 EST Cullinan Therapeutics to present preclinical data for CLN-978 - Cullinan Therapeutics will present new preclinical data for CLN-978, its novel CD19xCD3 T cell engager. These data and the study schema for a planned Phase 1b study in patients with moderate to severe systemic lupus erythematosus will be presented at the annual meeting of the American College of Rheumatology, ACR Convergence 2024, being held in Washington, D.C., November 14-19. These data will be shared in a poster presentation on November 16, 2024, 10:30 a.m.-12:30 p.m. Eastern Time. Cullinan will also have a Booth in the Exhibit Hall. CLN-978 Preclinical Data: New in vitro preclinical data show CLN-978 induced similar T cell activation, target B cell depletion, and cytokine production in human peripheral blood mononuclear cells derived from patients with SLE or rheumatoid arthritis as compared to healthy volunteers. These studies collectively suggest that the previously observed cytokine window observed in B-NHL model systems, potentially resulting in a broad therapeutic index, is expected to be preserved in SLE and RA patients. In October, Cullinan Therapeutics announced U.S. Food and Drug Administration clearance of an Investigational New Drug Application for its global Phase 1 clinical trial to evaluate CLN-978 for the treatment of patients with moderate to severe SLE to proceed in the United States. Cullinan previously announced Human Research Ethics Committee approval to initiate the global clinical trial in Australia. The trial will enroll patients with a Systemic Lupus Erythematosus Disease Activity Index score of eight or greater and who have had an inadequate response to at least two treatments, including one immunosuppressive or biologic standard-of-care agent. Part A is a dose escalation phase using a modified single-ascending dose design to determine a recommended target dose for further development. Part A is planned to explore target dose levels of 10, 20, 30, and 45 micrograms in a stepwise ascending fashion, enrolling at least three patients in each cohort. Dose levels above 10 mcg will incorporate a step-up dose of 10 mcg administered on Day 1 followed by administration of the higher cohort target dose on Day 8. Part B is a dose expansion phase which will explore two or more recommended dose schedules informed by data from Part A of the study. The primary objective of the study is to evaluate the safety of CLN-978 for treatment of active moderate to severe SLE. Secondary objectives include pharmacokinetics, B cell kinetics, immunogenicity, and clinical activity. Initial clinical data are expected in the fourth quarter of 2025.
|
BTCT | Hot Stocks10:07 EST BTC Digital Ltd trading resumes
|
LMFA | Hot Stocks10:06 EST LM Funding signs asset purchase agreement to acquire assets of mining site - LM Funding America announced the signing of an asset purchase agreement to acquire the business assets of a 15 MW mining site in Oklahoma from Tech Infrastructure JV I, a joint venture majority-owned by Arthur Inc., for $7.3 million. The Company currently operates 10 MW of machines actively mining Bitcoin at this site. The acquisition includes most of the business assets of the JV, which includes air-cooled GIGA containers, transformers, and related infrastructure. Upon closing, LM Funding will pay approximately $1.1 million and apply previously extended loans to the JV, totaling approximately $3.7 million in accrued principal and interest, as a credit towards the purchase price. The remaining $2.5 million will be held in escrow to ensure the timely completion of this acquisition, including the exit of a third-party miner currently hosted by the JV. At the signing of the asset purchase agreement, the Company lent an additional $0.7 million to JV, which resulted in aggregate loans totaling $3.7 million by the Company to the JV. The facility and assets are being acquired by LM Funding for its own internal hosting needs and not for the purpose hosting third-party mining machines. rthur Inc. emphasized the strategic importance of the transaction, noting that the proceeds will be reinvested directly into its subsidiary growth strategy, focusing on the development of new mining sites and the expansion of its operational capacity. Not later than January 2025, LM Funding plans to vacate the third-party miner currently hosted at the site from 5 MW of Arthur Mining's current hosting space, paving the way for the deployment of approximately 800 of LM Funding's S21 and XP Bitmain machines and 640 S19J Pros. The escrow is expected to be paid not later than January 2025 once all third-party miners are removed from the site and certain other closing conditions are met
|
JNJ | Hot Stocks10:05 EST Johnson & Johnson announces results from analyses of Phase 2 DAHLIAS study - Johnson & Johnson announced results from additional analyses of the Phase 2 DAHLIAS study highlighting improvement in key measures of disease activity and significant IgG reduction by over 77% following treatment with investigational nipocalimab in adult patients with moderate-to-severe Sjogren's disease. These data were included in a plenary session presentation and two posters and are among the Company's 43 oral and poster presentations at the American College of Rheumatology Convergence 2024. Patients receiving nipocalimab, an investigational FcRn blocker, showed a significant improvement in the ClinESSDAIa score at 24 weeks, achieving the primary endpoint. Additionally, key secondary endpoints were met, indicating reduced disease activity both systemically and across multiple organ systems, as well as improvements in physician assessments and composite SjD assessment tools. Results also showed a significant reduction in IgG including autoantibody levels among patients receiving 15 mg/kg every two weeks, providing further evidence of nipocalimab's mechanism of action through interaction with the FcRn. Moreover, improvements in ClinESSDAI were generally greatest in the participants with the highest baseline levels of anti-Ro and anti-La autoantibodies, associated with substantial nipocalimab-induced reductions in IgG and total IgG autoantibodies. Many people living with SjD experience symptoms that interfere with daily activities and quality of life, including chronic and severe mucosal dryness. Extraglandular manifestations - more systemic symptoms of SjD - are also common and may impact multiple organ systems, including joints, lungs, kidneys, and nervous system. These patients with high activity in more than one organ or disease area have an increased mortality risk of up to five-fold. In the Phase 2 study, patients reported a decrease in symptoms, with numerical improvements compared with placebo in the symptom categories most important to them, including mouth dryness, eye dryness, vaginal dryness, fatigue and joint pain. Additionally, an improvement in objective salivary flow was observed in more than twice as many patients in the high dose nipocalimab group compared to the placebo group at Week 24.
|
AMBI | Hot Stocks10:03 EST Ambipar Emergency Response trading resumes
|
WASH | Hot Stocks10:03 EST Washington Trust appoints Michelle Kile as chief retail banking officer - Washington Trust announced that Michelle Kile has been appointed Executive Vice President and Chief Retail Banking Officer. Kile is responsible for the retail sales and customer service through Washington Trust's 28 retail branch offices, Customer Solutions Center, and digital banking services. Kile comes to Washington Trust most recently from Digital Federal Credit Union in Franklin, MA, where she successfully led Retail branch services, business development, and customer experience.
|
BTCT | Hot Stocks10:02 EST BTC Digital Ltd trading halted, volatility trading pause
|
AMZN | Hot Stocks10:00 EST Amazon.com introduces Amazon One Medical Pay-per-visit telehealth service - Amazon says that Prime members can now quickly and easily treat health, beauty, and lifestyle conditions for as low as $16/month for men's hair loss, $10/month for anti-aging skin care, and $19/month for ED. Amazon One Medical Pay-per-visit telehealth service offers customers convenient, high-quality health care for 30+ common conditions -- such as pink eye, the flu, or a sinus infection -- with on-demand messaging visits for $29 and video visits for $49 payable by credit card or using a Flexible Spending Account or Health Savings Account card. Following the visit, the clinician sends the customer a personalized treatment plan and prescription, which customers can fulfill at the pharmacy of their choice. Amazon is introducing low, clear upfront pricing for a clinical visit, treatment plan, and fast, free medication delivery for Prime members for a range of common health, beauty, and lifestyle concerns, including anti-aging skin care treatment, men's hair loss, erectile dysfunction, eyelash growth, and motion sickness. Prime members can see the low total monthly cost or per use cost for the Amazon One Medical Pay-per-visit virtual visit as well as the medications from Amazon Pharmacy relating to their desired treatment, prior to beginning care. Once Prime members have their treatment plan, they can conveniently order their medication from Amazon Pharmacy in just a couple of clicks.Reference Link
|
GWH | Hot Stocks10:00 EST ESS Tech falls -14.8% - ESS Tech is down -14.8%, or -$1.32 to $7.58.
|
ZK | Hot Stocks10:00 EST Zeekr falls -17.6% - Zeekr is down -17.6%, or -$5.13 to $24.00.
|
HIMS | Hot Stocks10:00 EST Hims & Hers falls -17.7% - Hims & Hers is down -17.7%, or -$4.88 to $22.72.
|
OSCR | Hot Stocks10:00 EST Oscar Health rises 11.8% - Oscar Health is up 11.8%, or $1.59 to $15.07.
|
HI | Hot Stocks10:00 EST Hillenbrand rises 12.8% - Hillenbrand is up 12.8%, or $3.85 to $34.02.
|
BZH | Hot Stocks10:00 EST Beazer Homes rises 16.7% - Beazer Homes is up 16.7%, or $5.33 to $37.29.
|
ZCAR | Hot Stocks09:56 EST Zoomcar Holdings Inc trading resumes
|
AMBI | Hot Stocks09:53 EST Ambipar Emergency Response trading halted, volatility trading pause
|
ZCAR | Hot Stocks09:51 EST Zoomcar Holdings Inc trading halted, volatility trading pause
|
QMMM | Hot Stocks09:49 EST QMMM Holdings Ltd trading resumes
|
TRNR | Hot Stocks09:48 EST Interactive Strength Inc trading resumes
|
IBTA | Hot Stocks09:47 EST Ibotta falls -16.6% - Ibotta is down -16.6%, or -$12.43 to $62.50.
|
BV | Hot Stocks09:47 EST BrightView falls -17.8% - BrightView is down -17.8%, or -$3.25 to $15.00.
|
GWH | Hot Stocks09:47 EST ESS Tech falls -18.5% - ESS Tech is down -18.5%, or -$1.65 to $7.25.
|
SPIR | Hot Stocks09:47 EST Spire Global rises 11.5% - Spire Global is up 11.5%, or $1.55 to $15.00.
|
OSCR | Hot Stocks09:47 EST Oscar Health rises 13.2% - Oscar Health is up 13.2%, or $1.78 to $15.27.
|
BZH | Hot Stocks09:47 EST Beazer Homes rises 14.1% - Beazer Homes is up 14.1%, or $4.52 to $36.48.
|
VISL | Hot Stocks09:46 EST Vislink Technologies trading resumes
|
NVCT | Hot Stocks09:46 EST Nuvectis Pharma Inc trading resumes
|
GLXG | Hot Stocks09:46 EST Galaxy Payroll Group Ltd trading resumes
|
TRNR | Hot Stocks09:43 EST Interactive Strength Inc trading halted, volatility trading pause
|
MFH | Hot Stocks09:43 EST Mercurity Fintech Holdings trading resumes
|
WYNN | Hot Stocks09:42 EST Tilman Fertitta reports 9.9% passive stake in Wynn Resorts - Tilman Fertitta of Fertitta Entertainment reported holding a 9.9% passive stake in Wynn Resorts in a regulatory filing. Reference Link
|
VISL | Hot Stocks09:41 EST Vislink Technologies trading halted, volatility trading pause
|
NVCT | Hot Stocks09:41 EST Nuvectis Pharma Inc trading halted, volatility trading pause
|
LUNR | Hot Stocks09:41 EST Intuitive Machines Inc trading resumes
|
GLXG | Hot Stocks09:41 EST Galaxy Payroll Group Ltd trading halted, volatility trading pause
|
SCOR | Hot Stocks09:40 EST comScore trading resumes
|
VZ KSCP | Hot Stocks09:40 EST Verizon Business enters partnership with Knightscope for connectivity - Knightscope (KSCP) announces a partnership with Verizon Business (VZ) to provide secure, reliable connectivity for the deployment of Knightscope's K5 security robots and K1 emergency communication devices to help elevate safety at commercial and government facilities.
|
QMMM | Hot Stocks09:39 EST QMMM Holdings Ltd trading halted, volatility trading pause
|
ALGS | Hot Stocks09:38 EST Aligos Therapeutics trading resumes
|
JTAI | Hot Stocks09:37 EST Jet.AI Inc trading resumes
|
PHM | Hot Stocks09:37 EST PulteGroup raises quarterly dividend 10% to 22c per share - PulteGroup announced that its Board of Directors has voted to increase the company's quarterly cash dividend by 10% to 22c per common share. The increase will be effective with the company's next scheduled dividend, which is payable January 3, 2025, to shareholders of record at the close of business on December 17, 2024.
|
LUNR | Hot Stocks09:36 EST Intuitive Machines Inc trading halted, volatility trading pause
|
SCOR | Hot Stocks09:35 EST comScore trading halted, volatility trading pause
|
WTHVF | Hot Stocks09:34 EST Westhaven Gold provides exploration update at Shovelnose gold property - Westhaven Gold provided an exploration update for its 41,634-hectare Shovelnose gold property, situated within the prospective Spences Bridge Gold Belt, 30 kilometres south of Merritt, British Columbia. This update includes highlights for four target areas tested during the summer/fall drill program, as well as assay results for seven related drill holes. Assay results for the final six holes completed at the Certes target remain pending and will be reported when available. The objective of the recent drill campaign was to follow up on previous geological, geochemical and geophysical data which highlighted several prospective targets proximal to the main Zone One Trend which hosts the Franz-FMN-South Zone mineralization and within the 'Shovelnose Corridor', extending 11km across the property. Peter Fischl, Exploration Manager, states: "There are now indications of a potentially mineralized epithermal system at Certes. Surface soil and rock geochemistry has confirmed the presence of high-level gold pathfinder elements at Certes that may represent the continuation of a structure extending southeast from the main Vein Zone One trend for a total length of 11km. TerraSpec SWIR spectral analysis of surface samples and drill core at Certes has uncovered an alteration assemblage typical of a well-preserved epithermal system. Field crews recently commenced a ground geophysics survey on the newly discovered Certes target to better define deep seated structures that may have influenced the development of epithermal mineralization. Six holes drilled on three profiles spaced 0.9km and 1.2km apart along the Certes Trend, will help identify and evaluate potential controlling structures in these three areas."
|
ALGS | Hot Stocks09:33 EST Aligos Therapeutics trading halted, volatility trading pause
|
MFH | Hot Stocks09:33 EST Mercurity Fintech Holdings trading halted, volatility trading pause
|
JTAI | Hot Stocks09:32 EST Jet.AI Inc trading halted, volatility trading pause
|
CASS | Hot Stocks09:32 EST Cass Information Systems enters partnership with Lupeon - Cass Information Systems has announced a partnership with Lupeon to deliver an in-region solution for Cass's global client base. U.S.-based Cass provides a global solution covering all other regions of South America. In Brazil, unique regulatory requirements for freight charges necessitate a highly distinct process. An invoice can include federal, regional, and city taxes, as well as tolls and insurance. Additionally, to combat fraud, carriers file invoices with the Brazilian tax authority, who in turn issues the invoice to the shipper. Client support and carrier onboarding will be provided locally by Lupeon, with a roll-up to a global Cass account manager. Other aspects of the solution, such as reporting, will be seamless through Cass.
|
CW | Hot Stocks09:29 EST Curtiss-Wright general counsel Paul Ferdenzi retires, George McDonald succeeds - Curtiss-Wright announced that Paul Ferdenzi, VP, general counsel and corporate secretary, plans to retire after a 25-year career with the company. Ferdenzi will continue to serve as a VP of the company to assist the executive team with the transition until his retirement at the end of this year. As part of its formal succession plan, the board of directors announced that, effective immediately, George McDonald has been promoted to VP, general counsel and corporate secretary, and has been named an officer of the company.
|
GSAT | Hot Stocks09:26 EST Globalstar wins terrestrial authority in Mexico - Globalstar announced that Mexico's Instituto Federal de Telecomunicaciones, or IFT, has notified Globalstar's subsidiary in Mexico, Mobile Satellite Services Mexico S. De R.L. DE C.V., that it is the winning bidder in the public Auction #13 regarding the Complementary Terrestrial Service of the Mobile Satellite Service in the frequencies 2483.5 to 2495 MHz in Mexico. After paying the bid amount to complete the regulatory process, Globalstar will receive the 10-year terrestrial authorization from the IFT. Globalstar appreciates the time and effort that the dedicated members of the IFT devoted to ensuring the successful completion of this auction process.
|
LTUM | Hot Stocks09:26 EST Lithium Corp. expands scope to evaluate opportunities in renewable energy - In a strategic move underscoring the Company's commitment to advancing electrification and a low carbon economy, Lithium Corporation is expanding its scope beyond mineral exploration to actively evaluating opportunities in renewable energy generation and energy storage. These closely related sectors are considered a natural extension to the Company's core interest in clean energy. Lithium Corporation's portfolio of critical mineral prospects includes several lithium prospects in Nevada, and titanium, rare earth elements, graphite and fluorspar properties in Canada. It reflects the Company's focus to-date on energy metals for the North American battery supply chain. The deep integration of renewable energy and energy storage systems with the battery supply chain prompted Lithium Corporation to look beyond mineral exploration, as the Company continually seeks to enhance its environmental stewardship and secure operational sustainability. Driven by a commitment to innovation, Lithium Corp. is exploring state-of-the-art, niche applications such as Agrisolar. Also known as agrivoltaics or dual-use solar, Agrisolar combines solar energy generation with agriculture. Crop or livestock production or pollinator habitats located underneath or adjacent to solar panels are examples of Agrisolar.
|
MDXXF | Hot Stocks09:24 EST PharmAla reaches agreement in principle to supply MDMA for full data license - PharmAla Biotech has signed a Letter of Intent with a research institution to provide its LaNeo MDMA in exchange for a full and perpetual license to the efficacy and safety data generated by the trial. PharmAla will seek to finalize the license and data sharing agreement prior to the conclusion of the 2024 calendar year. The identity of the trial Principal Investigators and institution is currently being withheld as the final and binding agreement has not yet been executed.
|
ZOOZ | Hot Stocks09:23 EST ZOOZ Power enters standby equity purchase agreement to further growth strategy - ZOOZ Power announced that it has entered into a Standby Equity Purchase Agreement with YA II PN, an investment fund managed by Yorkville Advisors Global, LP. This agreement aligns with ZOOZ's ongoing efforts to expedite growth and provides a flexible financing option to support future capital needs. "ZOOZ continues to gain industry recognition, as demonstrated by recent customer installations," said Avi Cohen, ZOOZ Power's Executive Chairman. "With this agreement, we have secured access to additional funding that can be deployed when and if needed. This strategic financing solution, as outlined in the SEC filing, provides ZOOZ with supplemental capital while allowing us to control the terms and timing of equity sales."
|
LEXX | Hot Stocks09:22 EST Lexaria Bioscience signs contract for DehydraTECH GLP-1 biodistribution study - Lexaria Bioscience has engaged a contract research organization to perform the world's first-ever fluorescently tagged DehydraTECH-semaglutide rodent biodistribution study. Distribution of a drug once it enters the body can provide vital clues as to the understanding of that drug's ability to bind with targeted receptor cells, avoid concentration at physical sites that might be prone to fostering adverse side effects, and increase the drug's ultimate efficacy. Lexaria hopes to discover whether the DehydraTECH processing of semaglutide improves its biodistribution in any significant way compared to conventional orally administered semaglutide formulation practices. The FTS will be tracked via fluorescent imaging detection to evidence how and where the semaglutide distributes and localizes following oral ingestion in Sprague-Dawley rats. Later in the Study, the animals will be euthanized and various key tissues will be examined including the brain, pancreas, lung, kidney, liver and heart for more detailed fluorescent imaging detection showing very specific tissue localization patterns and concentrations. Lexaria has already begun the early-stage collaboration with the third-party laboratory that will synthesize the FTS that will then be used to create the DehydraTECH-semaglutide test articles. There will be two different test articles manufactured and tested. FTS will be combined with ingredients in the proportions used within the Rybelsus orally-administered product sold today designed to mimic Rybelsus performance, without DehydraTECH processing. FTS will be combined with patented DehydraTECH ingredients and processes to evidence potential biodistribution differences when DehydraTECH is used compared to the Rybelsus-mimicking control FTS formulation. The Study will also include use of certain glucagon-like peptide-1 receptor specific antibodies detectable through an immunofluorescence methodology to allow the analytical laboratory to confirm the extent of GLP-1 receptor binding of the two FTS formulations in the tissue samples taken from the animals, providing an additional detailed measure of the FTS distribution and localization patterns. Results from the Study will enhance any future communications between Lexaria and prospective industry partners. Study work has already begun with completion and final reporting expected in May, 2025.
|
JAMF MSFT | Hot Stocks09:21 EST Jamf Holding achieves Microsoft Azure's IP co-sell top-tier partner status - Jamf (JAMF) announced their flagship device management solution Jamf Pro is now available on the Azure cloud, and both Jamf Pro and the Jamf bundled plans can be purchased in the Azure Marketplace. Jamf also announces it has achieved Microsoft (MSFT) Azure's IP co-sell top-tier partner designation which is the highest partnership level benefit in the Microsoft AI Cloud Partner Program. This recognition unlocks incentives for Microsoft sellers to team up with Jamf in providing joint solutions for shared customers, which now include the Jamf plugin for Microsoft Copilot for Security, announced as generally available today.
|
NICH | Hot Stocks09:20 EST Nitches, Inc. launches InTheZone Labs on ShareASale - Nitches announces a significant milestone in its journey toward nationwide expansion: InTheZone Labs, its premium supplement brand, is now live on ShareASale. ShareASale, under the Awin umbrella, boasts access to over 240,000 active affiliate partners worldwide. This platform has been instrumental in driving sales and growth for countless household brands. ShareASale ensures affiliates have the tools they need to promote products effectively, with seamless tracking, reliable payouts, and a suite of creative resources.
|
MDXG | Hot Stocks09:20 EST MiMedx provided update on LCDs regarding skin substitute - MiMedx provided the following update on the Local Coverage Determinations, LCDs, regarding "Skin Substitute Grafts/Cellular and Tissue-Based Products for the Treatment of Diabetic Foot Ulcers and Venous Leg Ulcers." These new LCDs were originally proposed in April 2024, with a comment period that concluded in June 2024. The LCDs are now set to become effective on February 12, 2025. As a result of industry feedback, the final LCDs have been modified in the following key areas: The number of separate treatment applications a patient can receive was raised from 4 to 8; Treatment duration increased from 12 to 16 weeks; Importantly, the MACs have maintained their insistence on well-powered, peer-reviewed clinical evidence as a prerequisite for reimbursement.
|
GAME | Hot Stocks09:19 EST GameSquare enters into $10M convertible note - GameSquare Holdings has entered into a $10 million convertible note transaction with Gigamoon Media, LLC, an investment entity controlled by Matt Kalish. Under the terms of the transaction, the conversion date is December 31, 2025, at which time the note, at Gigamoon Media LLC's election, will convert into either shares of GameSquare's common stock at a conversion price of $2.50 per share, or 5.725 million shares of FaZe Media Series A-1 Preferred Stock beneficially held by GameSquare. GameSquare intends to use the proceeds from the convertible note to pay down GameSquare's existing equity line facility with an investment fund managed by Yorkville Advisors Global and for general corporate purposes.If Kalish elects to convert the Note into the remaining shares of FaZe Media it would value the entity at approximately $44 million, compared to GameSquare's current market cap of approximately $32 million. GameSquare still owns 100% of FaZe esports.
|
LUNR | Hot Stocks09:19 EST Intuitive Machines delays next moon mission to February 2025 from January - Intuitive Machines discussed the moon mission planned timing on its Q3 earnings call.
|
FBLG | Hot Stocks09:19 EST FibroBiologics files patent application on reduction of clots related to IBMIR - FibroBiologics announced the filing of a patent application with the United States Patent and Trademark Office covering methods employing fibroblasts or other Tissue Factor-expressing cells to prevent Instant Blood-Mediated Inflammatory Reaction, IBMIR,-mediated blood clotting. This patent application addresses a critical challenge in cell therapy: the risk of instant IBMIR, which can lead to complications such as complement activation, immune cell infiltration, platelet adhesion and coagulation that endanger the effectiveness and safety of cell-based treatment. "This patent application describes how we may be able to improve cell therapies by reducing adverse events and rejection by the body's immune system, potentially eliminating blood clotting triggered by the body's inflammatory response," said Pete O'Heeron, Founder & Chief Executive Officer of FibroBiologics.
|
KLKNF | Hot Stocks09:18 EST Kloeckner invests in new aluminum processing facility - Klockner & Co will build a new aluminum flat-rolled processing facility on the campus of Aluminum Dynamics in Columbus. The investment is part of the ongoing implementation of the company's strategy whereby Klockner & Co is consistently expanding its product and service portfolio along the value chain for customers. As part of this strategy, Klockner & Co intends to broaden its toll processing portfolio to benefit from the profitable higher value-added business and from being significantly less dependent on steel price developments. The strategic investment, which will be realized through Klockner's US subsidiary Kloeckner Metals Corporation will enable Klockner & Co to accelerate the growth of its automotive and industrial segment in both important growth markets, the US as well as Mexico. Moreover, the investment will support the long-standing collaboration with ADL's parent company, Steel Dynamics. The new 200,000-square-foot facility has an annual capacity of up to 250,000 tons strategically located to process ADL's energy-efficient, CO 2 -reduced aluminum products. With its on-campus location, KMC will be able to offer highly sustainable, best-in-class aluminum processing solutions, leveraging a hub and spoke model utilizing the 55 locations across the KMC network in the US and Mexico. The new location, with ramp up planned for Q4 2026, offers room for growth to add additional higher value-added processing services to meet the growing market demand for laser blanking.
|
MWRK WAST | Hot Stocks09:17 EST MetaWorks Platforms rebrands to Waste Energy - MetaWorks Platforms announces the completion of its rebranding to Waste Energy Corp, reflecting its strategic shift in focus towards becoming a waste-to-energy conversion Company. Effective Nov 5th, 2024, the company's ticker symbol on the OTC Market has changed from MWRK to WAST. The transformation to Waste Energy Corp underscores the company's pivot from digital platforms to tackling the pressing environmental issue of waste. Leveraging cutting-edge AI & Pyrolysis technology, Waste Energy Corp aims to revolutionize waste management by converting waste plastics and used tires into clean, renewable diesel fuel thereby reducing landfill waste and providing a new US based source of clean fuel. This pivot aligns with sustainability initiatives and provides a solution that mitigates the twin crises of plastic pollution and carbon emissions. Using AI & Pyrolysis based technologies to facilitate the conversion of non-recyclable waste materials into ultra-low sulfur diesel, offering a sustainable alternative to conventional fuel sources. The process, known as pyrolysis, breaks down waste in an oxygen-free environment, resulting in a cleaner, efficient output that can significantly reduce greenhouse gas emissions. This strategic rebranding arrives at a time when governments, industries, and consumers are prioritizing eco-friendly practices. Waste Energy Corp's focus on converting waste into fuel aligns perfectly with market needs and regulatory and political trends pushing for cleaner US based energy sources that reduce waste volume, mostly plastic waste, in landfills. Effective November 5th, 2024 the ticker symbol has changed to WAST. The name change to Waste Energy Corp. is now completed and the Company has launched a new website at www.WasteEnergyCorp.com. Existing shareholders will not be required to take any action as the name and ticker change do not affect the company's underlying structure.
|
NSC | Hot Stocks09:16 EST Norfolk Southern reaches agreement with Ancora to add new Board director - Norfolk Southern has entered into a cooperation agreement with Ancora under which Norfolk Southern and Ancora will work together to identify an independent director to join the company's Board of Directors. The addition of the new director, who is expected to enhance the Board's gender diversity and executive leadership experience, will expand Norfolk Southern's Board to 14 members, including 13 independent members. Pursuant to the cooperation agreement, Ancora has agreed to withdraw its nomination of four director candidates for election at the Norfolk Southern 2025 Annual Meeting of Shareholders. Ancora has also agreed to vote in accordance with the Board's recommendations in connection with any vote of Norfolk Southern shareholders, including at the 2025 Annual Meeting, and to a standstill provision.
|
NSC | Hot Stocks09:15 EST Norfolk Southern to add new independent director in cooperation pact with Ancora - Norfolk Southern announced that it has entered into a cooperation agreement with Ancora Holdings after constructive engagement. Under the terms of the agreement, Norfolk Southern and Ancora will work together to identify an independent director to join the company's board of directors. The addition of the new director, who is expected to enhance the board's gender diversity and executive leadership experience, will expand Norfolk Southern's Board to 14 members, including 13 independent members. Pursuant to the cooperation agreement, Ancora has agreed to withdraw its nomination of four director candidates for election at the Norfolk Southern 2025 Annual Meeting of Shareholders. Ancora has also agreed to vote in accordance with the board's recommendations in connection with any vote of Norfolk Southern shareholders, including at the 2025 Annual Meeting, and to a standstill provision. Frederick DiSanto, Chairman and Chief Executive Officer of Ancora, and James Chadwick, President of Ancora Alternatives LLC, said, "In our view, it's a new day at Norfolk Southern following Board refreshment, management enhancements, and new leadership's efforts to establish a disciplined and operationally led network. The Company's focus on governance and its overall progress is further evidenced by the Board's decisive action with respect to its internal investigation, which we are told has been thorough and wide ranging. The Norfolk Southern of today is on the right track, and we look forward to continuing to support Mark and John's go-forward actions to drive enhanced value for shareholders and all other stakeholders."
|
CMTL | Hot Stocks09:15 EST U.S. Navy awards Comtech $5M SLM-5650B modem contract - Comtech Telecommunications announced that the U.S. Navy Information Warfare Systems Command awarded the Company a sole source contract for Comtech's U.S sovereign software-defined SLM-5650B satellite communication or SATCOM modems, upgrade kits, firmware options and technical support. The contract has a four-year period of performance and is valued in excess of $50.0 million. Funded orders received to date are valued at approximately $2M...."As data rate demands in the U.S. Navy Fleet increase, and satellite technologies evolve to provide enhanced capabilities, Comtech's U.S. sovereign SLM-5650B modems are uniquely designed to meet the needs of the Navy today, as well as the joint force operations of tomorrow," said John Ratigan, President and CEO of Comtech. "As a longstanding trusted partner of the U.S. Navy, Comtech's modem technologies provide critical communications capabilities that enhance situational awareness and improve operational effectiveness in the world's most challenging environments. We are honored to strengthen our relationship with the U.S. Navy through this award, which provides a new contracting vehicle to significantly expand the number of Comtech SATCOM modems delivered over the next four years."
|
BACK | Hot Stocks09:14 EST IMAC Holdings granted extension by Nasdaq to regain compliance - IMAC announced that it has received an exception from the Listing Qualifications Staff of The Nasdaq Stock Market to regain compliance with Nasdaq Listing Rule 5250(c)(1). This exception extends the deadline for the Company to file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 until February 17, 2025. The delay in filing is primarily due to complexities in preparing the company's financial statements for the second quarter as a result of events occurring during the period ended June 30, 2024 and certain staffing challenges, including, among other things: Acquisition of Assets; Securities Exchange; Staff Challenges.
|
PL | Hot Stocks09:13 EST Planet Labs expands contract with French digital farming company Abelio - Planet Labs PBC announced that it has signed an expansion with their partner Abelio, a French technology company offering smart farming solutions. Abelio leverages the Planet Insights Platform and the company's PlanetScope satellite data to enhance their digital agriculture solutions. Through this expansion, Abelio will have access to agricultural data across France - nearly three times the amount of Planet data that it previously integrated into its solutions in 2023..."We are very excited by this expansion with Abelio. With increased access to our satellite data, they can continue to strengthen their models and offer broader locations for customers," said Planet President Ashley Johnson. "With growing food demands and increased sustainability regulations, having advanced solutions for precision agriculture is critical for the 21st century." .."We have a farmer-first approach at Abelio, and that means that we also look to deliver the most timely and detailed data into our agronomic solutions," said Samuel Bonnard, Head of International Business Development at Abelio. "Our work with Planet has let us smoothly analyze valuable near-real-time data streams and scale our solutions just over a few years." Abelio has worked with Planet data and products since 2018, building their solutions with the Planet Insights Platform technology.
|
VTAK | Hot Stocks09:13 EST Catheter Precision announces LockeT purchase from Montefiore Medical - Catheter Precision has received its first purchase order for LockeT from the New York City area. As previously announced, the company has recently expanded their US sales and clinical team in preparation for the national product launch of LockeT which includes the NYC region. The most recent purchase order comes from Montefiore Medical Center located in the Bronx, NY. Montefiore is a premiere academic medical center and the primary teaching hospital of the Albert Einstein College of Medicine in New York City. MMC is a part of the Montefiore Einstein health network that has over 300 locations including 13 hospitals, and it is estimated that Montefiore Medical Center performs over 1,000 electrophysiology and cardiac rhythm procedures each year.
|
TZUP | Hot Stocks09:12 EST Thumzup accelerates expansion across the greater Los Angeles area - Thumzup Media announce an ambitious expansion plan aimed at significantly growing its presence throughout the greater Los Angeles region. The Company, which has been primarily focused on the west side of Los Angeles, is aggressively expanding into new areas. Following the Company's successful Nasdaq listing and $8.2 million dollar underwritten offering, Thumzup is leveraging new resources to accelerate growth and connect more businesses with local communities through its innovative user-generated advertising approach.
|
JTKWY | Hot Stocks09:11 EST Incognia announces partnership with Grubhub - Incognia, a provider of next-generation identity solutions, is announcing its partnership with Grubhub. As part of the company's trust and safety initiative, Grubhub is leveraging Incognia's fraud prevention technology to increase security on the platform and provide a seamless experience for its community of customers and delivery partners. Initial testing shows the solution will make a substantial impact - Incognia has already been proven to increase order profitability and decrease care costs for Grubhub.
|
AIM | Hot Stocks09:11 EST AIM ImmunoTech stockholder Kellner Group issues letter on Board vote - AIM Immunotech stockholder Ted Kellner, as the nominating stockholder and a nominee, together with his other nominees, issued a statement in connection with the incumbent Board of Directors of AIM Immunotech. The statement includes, among things, the following: "the Delaware Supreme Court ruled that the incumbent Board breached its fiduciary duties to stockholders"; "the AIM Board wasted millions in furtherance of improper purpose"; "stockholders are urged to act now before the Board's self-interested behavior irreversibly damages the company"; "stockholders should not be fooled by misleading statements by AIM Board"; "Kellner Group nominees bring skills, experience and credibility necessary for AIM to be successful"; " Based on AIM's own disclosures, we estimate that the incumbent Board has spent between $15.0M to $20.0M in just the past two years in their bad faith effort to prevent a meaningful election of directors and maintain control"; "All of the incumbent Board members bear responsibility and must be held accountable"; "The incumbent Board's primary argument for its election - suggesting that the Kellner Group includes criminals - is completely and demonstrably false"; "The incumbent Board's breach of fiduciary duties, gross waste and lack of transparency are disqualifying".
|
META | Hot Stocks09:11 EST Meta fined EUR 797.82M by EU over practices benfitting Facebook Marketplace - The European Commission has fined Meta EUR 797.72M for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers. The Commission's investigation found that Meta is dominant in the market for personal social networks, which is at least European Economic Area wide, as well as in the national markets for online display advertising on social media. The Commission has ordered Meta to bring the conduct effectively to an end, and to refrain from repeating the infringement or from adopting practices with an equivalent object or effect in the future. Margrethe Vestager, EVP in charge of competition policy, said: "Today we fine Meta EUR 797.72M for abusing its dominant positions in the markets for personal social network services and for online display advertising on social media platforms. Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers. It did so to benefit its own service Facebook Marketplace, thereby giving it advantages that other online classified ads service providers could not match. This is illegal under EU antitrust rules. Meta must now stop this behavior." Reference Link
|
TYGO | Hot Stocks09:10 EST Tigo Energy wins patent dispute for intellectual property - Tigo Energy announced a legal victory in defense of its core intellectual property. The U.S. Patent and Trademark Office, or USPTO, has rejected SMA Solar Technology AG's challenge to Tigo U.S. Patent No. 9,584,021, which covers a power-supply design for module-level power electronics technology that addresses false-start problems when solar systems are powering up. The company said, "This latest USPTO ruling follows others that have served to solidify the portfolio of intellectual property Tigo has developed through investment in research and development. The decision also marks a further win in a series of disputes with SMA, in which Tigo has successfully defended patents integral to its MLPE technology, including U.S. Patent Nos. 9,966,848 and 10,333,405. These three patents are part of Tigo's ongoing patent-infringement dispute with SMA in the U.S. District Court for the District of Delaware."
|
DIS | Hot Stocks09:10 EST Disney sees streaming growth coming from both subs and pricing - Says growth may be "tipped a little" towards pricing.
|
BYND | Hot Stocks09:09 EST Beyond Meat's Beyond Sun Sausage expands to whole foods market - Beyond Meat announced that its newest product innovation, Beyond Sun Sausage, is rolling out at Whole Foods Market stores across the country. The expansion follows an initial successful launch in late July, with the Beyond Sun Sausage brand line quickly becoming a top selling new plant-based meat product in natural grocery retailers. Unlike Beyond Meat's core product portfolio, Beyond Sun Sausage is not intended to replicate beef, pork or poultry but rather be its own satisfying protein option. Made from wholesome plant-based ingredients, including spinach, bell peppers and yellow pea, brown rice and red lentil proteins, Beyond Sun Sausage is available in culinary-forward flavors with Beyond Sun Sausage Pesto rolling out now at all Whole Foods Stores nationwide, and Beyond Sun Sausage Cajun rolling out at select Whole Foods Stores coast-to-coast.
|
MFH | Hot Stocks09:08 EST Mercurity Fintech Holding CEO highlights strategic vision - Mercurity Fintech announced that its CEO, Shi Qiu, recently participated in the 4th Annual Nasdaq Small-Cap Forum. This virtual event brought together leaders from across the financial landscape to share insights on the most topical issues faced by small-cap companies in 2025. The economic outlook and market analysis presented by Nasdaq experts also highlighted the importance of adaptability in navigating macroeconomic challenges such as interest rate volatility and cost pressures. Mercurity Fintech remains committed to maintaining financial flexibility and exploring diverse revenue opportunities, a sentiment echoed by industry leaders during the forum. In line with discussions on the journey from micro-cap to small-cap, Mercurity Fintech continues strengthening its governance practices, enhancing operational efficiencies, and advancing its strategic initiatives. These steps are part of a broader vision to elevate the Company's profile and provide financial solutions to its expanding client base.
|
SCWO | Hot Stocks09:06 EST 374Water, Inc. releases white paper showcasing AirSCWO technology - 374Water released a white paper showcasing its AirSCWO technology's successful lab and commercial-scale tests in the destruction of Aqueous Film-Forming Foam. AFFF, widely used throughout the firefighting industry, contains per- and polyfluoroalkyl substances, a group of persistent and potentially hazardous chemicals that pose risks to human health and ecosystems. Over 99.99% of PFAS compounds were destroyed within seconds in the Company's tests, positioning 374Water's AirSCWO technology as a potential leading, environmentally safe solution to complete commercial-scale destruction of AFFF and related PFAS compounds. White Paper Highlights: AFFF, a synthetic firefighting agent, is widely employed by government, municipal, and industrial fire safety teams for rapid suppression of liquid fuel fires. Since the 1960s, its extensive use in high-risk settings like military bases, airports, and chemical plants has led to significant PFAS contamination of soil and water. Increasingly stringent environmental and health regulations are driving the phase-out of PFAS-containing AFFF, with requirements for safe disposal to prevent further contamination. For instance, the U.S. National Defense Authorization Act for 2020 mandates a DoD transition to fluorine-free AFFF alternatives by October 2024. Additionally, U.S. states are implementing AFFF buy-back programs, and the EU's 2024 regulation enforces phased restrictions on PFAS in firefighting foams for public and aviation sectors. 374Water's AirSCWO technology leverages supercritical water oxidation to destroy organic waste, producing only clean water, mineral effluent, and recoverable heat. In multiple lab and commercial-scale tests, AirSCWO consistently achieved greater than99.99% destruction of AFFF, transforming complex waste into inert by-products. AirSCWO offers a timely, scalable solution for government and industrial partners seeking reliable, high-throughput PFAS disposal.
|
NSC | Hot Stocks09:06 EST Norfolk Southern reaches agreement with Ancora, to add new board director
|
PHX | Hot Stocks09:04 EST PHX Minerals issues negative response to WhiteHawk acquisition proposal - PHX Minerals responded to the WhiteHawk Energy proposal to acquire PHX: "The PHX Board of Directors appreciates engagement from all stockholders to enhance stockholder value. We and PHX management continue to review opportunities that are focused on maximizing stockholder value. With respect to the WhiteHawk proposal, as we communicated to WhiteHawk, the Board of Directors of PHX believes it is in the best interest of the company's stockholders to decline this proposal".
|
LW... | Hot Stocks09:00 EST Jana adds Lamb Weston during Q3, exits BlackLine - Barry Rosenstein's Jana Partners disclosed in an SEC filing its holdings as of September 30, 2024. Jana made a new buy in Q3: $228.3M of Lamb Weston (LW). The firm exited two position during the quarter, selling $55.9M of BlackLine (BL) and $34.1M of QuidelOrtho (QDEL). Jana also increased positions in Mercury Systems (MRCY), Trimble (TRMB), Rapid7 (RPD) and Enhabit (EHAB). It decreased its stake in Frontier Communications (FYBR). Jana's top holdings as of September 30, in order of size, were Trimble, the SPDR S&P 500 ETF Trust, Mercury Systems, Lamb Weston and TreeHouse (THS).
|
DIS | Hot Stocks09:00 EST Disney says does not see value in spinning off, selling TV assets - Says "doesn't need" to acquire content, distribution via M&A.
|
TOON | Hot Stocks08:59 EST Kartoon Studios reports Q2 revenue $8.7M - Andy Heyward, Kartoon Studios' Chairman and CEO stated: "In Q3 2024, we continued to build on the positive results achieved in the first half of the year. Revenue for the nine months ending September 30, 2024, reached $23.2 million, reflecting a 4% increase in revenue for Q3 2024 from Q2 2024 and a 38% growth for Q2 2024 from Q1 2024. This growth highlights rising demand for our animated productions through Mainframe, currently our largest revenue-driving unit, as the industry steadily recovers from the disruptions caused by the 2023 Writers Guild of America (WGA) and Screen Actors Guild (SAG) strikes. Our focus on operational efficiency has yielded significant outcomes, with direct operating costs reduced by 54% year-over-year through the first nine months of 2024, thanks to the impact and disciplines of our recently hired CFO, Brian Parisi. Brian was recently recognized by the LA Business Journal as CFO of the Year, and those of us who work closely with him every day know how well deserved that recognition is. In Q3 alone, we achieved a 57% cost reduction compared to the same period in 2023. Brian's highly disciplined approach has directly impacted our financial results, reducing our loss from operations by 80% for the three-month period compared to 2023 after adjustments for last year's one-time impairments. Since joining us in late 2023, Brian's expertise has been instrumental in driving significant cost efficiencies and supporting our mission for sustained growth and building out the premier children's entertainment company for the 21st century."
|
LPLA | Hot Stocks08:58 EST LPL Financial: Prosperity joins LPL's broker-dealer, RIA, custodial platforms - LPL Financial LLC, announced today that the financial advisors at Prosperity Investment Management have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported having approximately $140 million in advisory, brokerage and retirement plan assets and join LPL from Osaic. Based in a renovated historic building in downtown Chico, Calif., Prosperity Investment Management was founded by seasoned financial advisor Robert "Rob" B. Anderson, CFP. His son, RJ Anderson, CPA, joined the business in 2020 following an initial career in accounting and now leads the firm as a financial advisor. They offer a broad spectrum of financial services to individuals and business owners, including investment management, financial planning, retirement planning and estate planning.
|
DIS | Hot Stocks08:58 EST Disney says has 'considerable visibility' on content pipeline for 2025, 2026 - Says strong film pipeline will help increase streaming business. Says would consider M&A, but not focused on it. Says "don't really need" more assets to thrive in a "disrupted media world."
|
BNED | Hot Stocks08:56 EST Barnes & Noble College to partner with North Carolina A&T - Barnes & Noble College, a Barnes & Noble Education, announced it will partner with North Carolina Agricultural and Technical, N.C. A&T, State University to manage the N.C. A&T Bookstore, transitioning store operations in November. Recognizing Barnes & Noble College's outstanding product assortment, customer experience and support, N.C. A&T has chosen to end its relationship with its previous provider and partner again with BNC as its exclusive campus retail partner. BNC's strategic vision and approach better align with N.C. A&T's mission to deliver a high-quality and affordable education that will support student academic success and instill Aggie Pride.
|
ADIL | Hot Stocks08:54 EST Adial Pharmaceuticals announces topline results from AD04-103 PK study - Adial Pharmaceuticals announced that it has completed a pharmacokinetics, PK, study of AD04, the Company's lead investigational genetically targeted, serotonin-3 receptor antagonist, and therapeutic agent for the treatment of Alcohol Use Disorder in heavy drinking patients. This data will help the Company optimize study design elements needed for the upcoming Phase 3 clinical trial of AD04. Completion of this study also satisfied an FDA requirement for the upcoming Phase 3 clinical trials of AD04. The results of this study showed that, as a result of the lower dose, AD04 0.33mg delivered lower ondansetron PK exposure than the marketed reference standard ondansetron 4mg tablet; ondansetron pharmacokinetic exposure increased in proportion to dose across a 3-fold AD04 dose range; and AD04 can be taken in fed or fasted states
|
SCHW | Hot Stocks08:54 EST Charles Schwab:Total client assets $9.85T at October-end up 29% YoY - The Charles Schwab Corporation released its Monthly Activity: Report today. Company highlights for the month of October 2024 include:Core net new assets brought to the company by new and existing clients totaled $24.6B. Net new assets excluding mutual fund clearing totaled $21B. Total client assets equaled $9.85T as of month-end October, up 29% from October 2023 and down 1% compared to September 2024.
|
TIVC | Hot Stocks08:54 EST Tivic completes enrollment in vagus nerve stimulation device optimization study - Tivic Health announced that full enrollment has been completed in the optimization study for Tivic Health's patent pending, non-invasive vagus nerve stimulation device. The study is being conducted by The Feinstein Institute of Bioelectronic Medicine. The objective of the study is to identify device parameters that optimally influence autonomic nervous system (ANS) function. These include the frequency and the duration of potential treatments. Tivic Health plans to use these results to prioritize clinical indications that the company expects to carry forward into further testing and commercial development. The trial is expected to be completed in early first quarter 2025.
|
SKYQ | Hot Stocks08:52 EST Sky Quarry near completion of first wave of asphalt shingle modular facility - Sky Quarry announced construction of its first Waste Asphalt Shingle Modular Facility, designed to process waste asphalt shingles in regional markets, is currently 80% complete. Completion of the first Waste Asphalt Shingle Modular Facility will mark a critical milestone in Sky Quarry's mission to transform millions of tons of waste shingles headed to U.S. landfills into valuable, reusable resources. The final fabrication and mechanical updates are scheduled alongside the retrofitting at the PR Spring extraction facility in Utah, with operations expected to commence in 2025, upon the completion of required project financing.
|
AMPG | Hot Stocks08:52 EST AmpliTech Group's AmpliTech signs 5-year BOA with Forune 1000 U.S. company - AmpliTech announced the signing of a 5 Year Basic Order Agreement, BOA, to provide a US-based Fortune 1000 Company with LNB products and engineering services. An order for the initial batch of products and services is expected to be received shortly, with full delivery scheduled for early Fiscal Year 2025. The BOA has an automatic 3-year renewal extension, which is conducive to continued growth for the company. The company anticipates that sales of its newly launched LNB product line will, on an annual basis, match the total sales of its LNA products, thereby validating the company's strategy of investing in R&D to develop the LNB product line.
|
SAIH | Hot Stocks08:52 EST SAIHEAT to announce SAIHEAT Base Plan 2029 - SAIHEAT is pleased to unveil the SAIHEAT BASE PLAN 2029, an ambitious initiative delivering integrated energy services for the nextgen data centers. Addressing the high energy demands and carbon footprint of data centers, the BASE Project combines cutting-edge technologies for sustainable power generation, efficient energy usage, and comprehensive heat recycling in every step. The BASE PLAN 2029 embodies SAIHEAT's commitment to Energy Defined Nextgen Computing Centers, emphasizing renewable nuclear energy sources, efficient chip performance, and advanced energy recycling. Through the plan 2029, SAIHEAT aims to establish new standards in energy sustainability, operational resilience, and environmental responsibility, driving the future of high-performance, sustainable computing. In the BASE PLAN 2029, SAIHEAT features itself with two core business modules: HEATWIT - The thermal module that provides advanced liquid cooling systems and solutions for computing heat recycling, which is increasingly crucial as BTC and AI applications grow in demand and complexity. HEATWIT's technology includes high-efficiency cooling units and modular liquid-cooled cabinets, reducing carbon emissions and minimizing environmental impact. HEATNUC - The power module focuses on global power resource development and modular nuclear power joint development. HEATNUC integrates sustainable land-based Small Modular Reactor solutions and is planning to explore space-based solar energy systems, essential for the robust energy infrastructure required by data centers. Under the BASE PLAN 2029, SAIHEAT announces two exciting initiatives to tackle current energy source challenges. SAIHEAT will closely work with partners and jointly build development efforts by committing as a sponsor and key contributing member of non-profit group, Organization of Clean Energy and Climate. OpenSMR - An open-source initiative supporting AI-driven data centers with SMR technology, OpenSMR aims to provide standardized, cost-effective energy models for the computing industry. In alignment with OpenSMR's mission, SAIHEAT will release key patents to advance SMR adoption in data centers worldwide. These include: Control Rod Drive Mechanism for Small Modular Pressurized Water Reactors: This patent introduces a compact control rod drive mechanism enabling precise reactor control under extreme conditions. Containment Cooling Device and Method Utilizing Heat Pipe Cooling: This passive cooling system for SMRs utilizes heat pipes for efficient, reliable heat transfer without external power. OrbitBTC - OrbitBTC addresses the sustainability challenges of computing by relocating mining operations to space. Utilizing uninterrupted solar energy in orbit, OrbitBTC's mining rigs eliminate reliance on terrestrial grids, significantly reducing carbon emissions, water usage, and land impact. This innovative, space-based model offers a 24/7 renewable energy source, lowers operational costs, and provides scalable operations free from regulatory land constraints, setting a new benchmark for eco-friendly cryptocurrency mining.
|
DIS | Hot Stocks08:51 EST Disney expects advertising to be 'stronger' in 2025 - Says cracking down on password sharing in 130 countries. Says looking to increase pricing on Disney plus over time.
|
ICCT | Hot Stocks08:50 EST iCoreConnect announces new endorsement agreement with NDDA - iCoreConnect has announced a new endorsement agreement with the North Dakota Dental Association, NDDA. The NDDA's endorsement adds them to a growing list of state dental associations backing iCoreConnect's full suite of innovative cloud solutions tailored for the dental industry. With over 180 product endorsement agreements across the U.S., iCoreConnect continues demonstrating its commitment to improving workflow efficiency, productivity, and data security in dental practices nationwide
|
SRM | Hot Stocks08:49 EST SRM Entertainment launches new media division - SRM Entertainment announced the launch of its new media division, SRM Media, marking a significant expansion of the company's entertainment offerings. This strategic move builds upon SRM's existing media relationship with Suretone Pictures and underscores SRM's commitment to delivering high-quality entertainment content across various platforms. SRM Media's first acquisition, courtesy of its new Suretone Pictures partnership in the making, is Suretone Pictures' critically acclaimed Western "The Kid," a 2019 Western/Action film currently streaming on AMAZON Prime. The Kid is a reimagining of the Billy the Kid legend starring Ethan Hawke, Chris Pratt, and Dane DeHaan. Directed by Vincent D'Onofrio. This acquisition aligns with SRM Media's vision to acquire and distribute compelling films and television content while leveraging SRM Entertainment's expertise in merchandising and licensing to maximize IP value.
|
KXIN | Hot Stocks08:49 EST Kaixin explores strategic alternatives with potential crypto mining acquisition - Kaixin Holdings announced a major strategic step forward as it explores new growth avenues. In the advanced stages of evaluating strategic alternatives, Kaixin is actively considering the acquisition of a controlling equity interest in a leading cryptocurrency mining company based in the Middle East. This mining company operates with cost-efficient BTC mining machines, optimizing self-mining processes while also offering sophisticated, end-to-end cloud hosting services tailored to meet the growing demand within the crypto mining industry. The facility's long-term, stable energy supply is a critical asset that bolsters operational resilience and cost efficiency, underscoring Kaixin's commitment to sustainable and profitable growth.
|
KULR | Hot Stocks08:48 EST KULR Technology awarded key defense contract for missile program - KULR Technology Group announced it has been awarded a pivotal contract for the development of a specialized Phase-Change Material heat sink for a major missile program. This custom PCM heat sink is designed to manage extreme thermal loads generated during mission-critical maneuvers, helping maintain optimal performance and reliability within the missile's electronics systems. While specific program and customer details could not be disclosed, this award further solidifies KULR's role as a trusted partner for mission-critical defense applications with multi-decade production runs. Under the contract, KULR will design and produce a PCM-based heat sink that provides precise thermal regulation by absorbing and dissipating heat in a controlled manner, ensuring that essential components remain within safe operating temperatures.
|
MSA | Hot Stocks08:47 EST MSA Safety awarded $33M breathing apparatus contract with U.S. Coast Guard - MSA Safety has been awarded a multi-year $33M contract with the U.S. Coast Guard to provide new firefighter respiratory protective equipment. Initial orders under the contract, valued at approximately $22M, were received in Q3. Production of the new U.S. Coast Guard breathing apparatus units is underway at the company's Murrysville, Pennsylvania, manufacturing facility.
|
DDD | Hot Stocks08:47 EST 3D Systems announces Sauber Motorsports selected its 3D printing tech - 3D Systems announced Sauber Motorsports, a Swiss motorsport engineering company, has selected 3D Systems' latest polymer 3D printing technologies to accelerate innovation. Sauber intends to add 10 3D Systems 3D printers - eight SLA 750 Dual and two PSLA 270 - to its manufacturing workflow. The combination of these industry-leading technologies along with 3D Systems' Accura Composite PIV, Accura Xtreme, and Figure 4(R) ceramic-filled materials will increase Sauber's production capacity for wind tunnel parts: enabling the team to maintain its position as a leading competitor.
|
DIS | Hot Stocks08:46 EST Disney says ESPN flagship will be 'best product' in sports video - Says "optimistic" on parks bookings in 2H25.
|
DJT | Hot Stocks08:45 EST Trump Media announces all TV streaming data centers operational - Trump Media & Technology is announcing today that it has completed the initial deployment of its cross-country network of data centers that power its custom-built content delivery network DC, and all planned data centers are now fully operational. "This is a big achievement in the continuing rollout of our TV streaming platform," said TMTG CEO Devin Nunes. "We've optimized our CDN to operate fast, reliably, and with tremendous capacity, and the results are outstanding. As TMTG maintains nearly $700 million in cash and no debt, we're turning Truth+ into a vital part of our effort to create an uncancellable free-speech beachhead for news, discussion, and entertainment."
|
DIS | Hot Stocks08:44 EST Disney says Q1 to be 'negatively impacted' by two hurricanes in Florida
|
ERNA | Hot Stocks08:44 EST Eterna regains compliance with Nasdaq - Eterna Therapeutics has regained compliance with Nasdaq for continued listing and that its stock will continue to trade on The Nasdaq Stock Market. Eterna received formal confirmation on November 12th, 2024 from Nasdaq's Office of General Counsel, verifying that Eterna has met the market value of listed securities standard of at least $35 million, outlined in Listing Rule 5550(b)(2), and that Eterna is in compliance with all applicable continued listing standards.
|
SHOT | Hot Stocks08:44 EST Safety Shot now available at 300 locations of grocery chain - Safety Shot, Sure Shot, now available in a convenient 4 oz. bottle at over 300 locations of the grocery chain recently voted "Best Grocery Store in America" by USA Today readers in their annual 10Best Readers' Choice Awards. This leading Midwestern retailer is renowned for its commitment to customer satisfaction and extensive product selection.
|
REE | Hot Stocks08:43 EST Ree Automotive appoints Goel to board of directors - REE Automotive announced the appointment of Rajesh Goel, president at Motherson Group, to its board of directors and announced the return of Hai Aviv as Chief Financial Officer to lead REE's North American expansion. Both appointments take effect on November 15, 2024.
|
REXR | Hot Stocks08:39 EST Rexford Industrial provides operating activity update - Rexford Industrial provided an operating activity update. In Q4 to date, Rexford Industrial executed approximately 657,000 square feet of new and renewal leases, with an average size of 16,000 square feet, including approximately 422,000 square feet of renewal leases and 235,000 square feet of new leases. Comparable rental rates on new and renewal leases increased by 80% compared to prior rents on a net effective basis and by 60% on a cash basis. Average annual rent steps were 3.9% for leases executed quarter to date. As of October 31, year-to-date Same Property Portfolio average occupancy was 96.8% and ending occupancy was 95.9%, in line with Q3 guidance.
|
DIS | Hot Stocks08:39 EST Disney says 'well-positioned' for growth in 2025, 2026 - Says has "extremely promising" content slate for 2025. Says streaming business is a "significant growth driver" for the company. Says "confident" in ability to drive "sustained growth." Comments taken from Q4 earnings conference call.
|
GGT | Hot Stocks08:39 EST Gabelli Global Multimedia Fund reaffirms 10% distribution policy - The Board of Directors of The Gabelli Multimedia Trust reaffirmed and satisfied its 10% distribution policy by declaring a $0.22 per share cash distribution payable on December 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.88 per share. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
|
MAXN | Hot Stocks08:38 EST Maxeon Solar provides update on CBP detention of its solar panels - Maxeon Solar's solar panels continue to be detained and excluded from being imported from its Mexico manufacturing facilities into the U.S. market. The company stated that, "Despite having fully and transparently mapped its supply chains and provided U.S. Customs & Border Protection, or CBP, officials with thorough traceability documentation of its clean supply chain, CBP reviewers have alleged a lack of sufficient documentation to prove Maxeon's compliance with the Uyghur Forced Labor Prevention Act, which the company vehemently refutes, having provided clear and objective evidence to the contrary". Out-going CEO Bill Mulligan commented: "...Maxeon's core values are diametrically opposed to the use of forced labor in the production of our products....CBP has found no evidence of non-compliance with the UFLPA. Nonetheless, the Partnership track of CBP Electronics Center of Excellence and Expertise has decided to bar entry of our products...None of our supply chains involve entities on the UFLPA list, two of our supply chains do not even enter China, and yet the reviewers have declined to make the appropriate determination that UFLPA does not apply..." Three separate Maxeon products manufactured in Mexico for use in the United States were first detained in early July. Since then, all shipments have been subsequently excluded, even though Maxeon claims to have established the supply chains for each, from quartz to module, are outside the scope of the UFLPA. The company plans to submit one or more protests for the detention of its Performance line products. Additionally, on September 27, the company submitted a protest for the detention of a container of its Maxeon 6 products and filed a similar protest on October 4 with respect to its Maxeon 3 products. On October 8, CBP suspended these protests and sent them to its Office of Regulations & Rulings in Washington, D.C. following Maxeon's application for further review.
|
GAB | Hot Stocks08:36 EST Gabelli Equity Trust reaffirms 10% distribution policy - The Board of Directors of The Gabelli Equity Trust reaffirmed and satisfied its 10% distribution policy by declaring a $0.15 per share cash distribution payable on December 20, 2024 to common stock shareholders of record on December 13, 2024. With this fourth quarter distribution, the total distributions from the Fund for 2024 would equate to $0.60 per share. The Fund intends to pay a minimum annual distribution of 10% of the average net asset value of the Fund within a calendar year or an amount sufficient to satisfy the minimum distribution requirements of the Internal Revenue Code for regulated investment companies. Each quarter, the Board of Directors reviews the amount of any potential distribution from the income, realized capital gain, or capital available. The Board of Directors will continue to monitor the Fund's distribution level, taking into consideration the Fund's net asset value and the financial market environment. The Fund's distribution policy is subject to modification by the Board of Directors at any time, and there can be no guarantee that the policy will continue. The distribution rate should not be considered the dividend yield or total return on an investment in the Fund.
|
ETN | Hot Stocks08:35 EST Eaton teams with Treehouse to enable residential electrification projects - Eaton announces a collaboration with Treehouse to enable residential electrification projects. The collaboration brings together Eaton's digitally enabled electrical solutions with Treehouse's AI-powered software and end-to-end installation capabilities, helping expedite the energy transition and electrification at home with EV charging, energy storage, heat pumps and more.
|
NNDM | Hot Stocks08:34 EST Nano Dimension urges shareholders to vote for company proposals - Nano Dimension sent a letter to its shareholders in connection with the Company's upcoming 2024 Annual General Meeting of Shareholders. The letter details the progress Nano has made in delivering on its promises to shareholders over the past year, including the execution of transformational M&A agreements designed to deliver scale with notable synergies and a clear path to profitability. In connection with the Annual Meeting and its letter to shareholders, the Company also released a video from CEO Yoav Stern highlighting Nano's focused value creation strategy and the progress the Company has made over the past 12 months. The video can be viewed at www.ProtectingNanoValue.com. 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 Annual Meeting. The Annual Meeting will be held on Friday, December 6th, 2024, at 7:00 A.M. ET.
|
KD MSFT | Hot Stocks08:34 EST Kyndryl Holdings selected by Microsoft in RISE with SAP cloud migration program - Kyndryl (KD) announced an expanded collaboration with Microsoft (MSFT). Microsoft has selected Kyndryl to participate in its RISE with SAP migration program. Kyndryl will accelerate the transition of Microsoft customers to RISE with SAP and SAP S/4HANA Cloud.
|
WTW | Hot Stocks08:33 EST WTW appoints Tyler Adkerson as growth leader, PE&TS - WTW announced the appointment of Tyler Adkerson as Growth Leader for Private Equity and Transactional Solutions, Corporate Risk and Broking, North America. In his new role, Adkerson will develop and execute strategic client initiatives to strengthen partnerships with key stakeholders in Mergers and Acquisitions. Leveraging the subject-matter expertise of WTW's Industry Vertical Divisions, Adkerson will drive PE&TS growth efforts including developing solutions to assist WTW clients navigate and mitigate the most complex risk issues in the M&A space. Additionally, he will lead the formation of a client advisory board to bring emerging trends, questions, and issues directly from clients into the PE&TS industry vertical's solutions ideation process, further cementing WTW's client-focused approach. With more than 20 years of industry experience, Adkerson joins WTW from Aon, where he most recently served as the Global Co-Head for Corporate Client M&A and Professional Advisory Coverage for the M&A Transaction Solutions team.
|
ADSE | Hot Stocks08:32 EST Ads-Tec Energy announces Alabama Power deployment of ChargeBox - Ads-Tec Energy announced Alabama Power has deployed the battery-buffered, ultra-fast Ads-Tec Energy ChargeBox at its Technology Application Center, or TAC. The ChargeBox is enabling Alabama Power to power up its EV fleet in just minutes, while also providing local businesses and fleet operators with the opportunity to try the innovative platform and experience the benefits of battery-buffered, ultra-fast EV charging.
|
MCHP | Hot Stocks08:32 EST Microchip releases PolarFire FPGA Ethernet Sensor Bridge - To enable developers building artificial intelligence-driven sensor processing systems, Microchip Technology has released its PolarFire FPGA Ethernet Sensor Bridge that works with the NVIDIA Holoscan sensor processing platform. PolarFire FPGAs enable multi-protocol support, and this first solution to be released as part of Microchip's platform is compatible with MIPI CSI-2-based sensors and the MIPI D-PHYSM physical layer. Future solutions will support a wide range of sensors with different interfaces, including SLVS-EC(TM) 2.0, 12G SDI, CoaXPress 2.0 and JESD204B. The platform allows designers to leverage the power of the NVIDIA Holoscan ecosystem while taking advantage of the PolarFire FPGA's power-efficient technology with low-latency communication and multi-protocol sensor support.
|
IMMP | Hot Stocks08:30 EST Immutep announces data from INSIGHT-003 trial - Immutep announces positive data from investigator-initiated INSIGHT-003 Phase I trial evaluating eftilagimod alpha (efti) in combination with KEYTRUDA and chemotherapy for first-line treatment of metastatic non-squamous non-small cell lung cancer patients. Key data: These results compare favourably to the 22.0-month median OS, 9.0-month median PFS, and 24-month OS rate of 45.5% from a registrational trial of anti-PD-1 and doublet chemotherapy in non-squamous 1L NSCLC regardless of PD-L1 expression.1 Notably, ~19% of the 21 patients in INSIGHT-003 with mature survival data have high PD-L1 expression, who typically respond better to anti-PD-1 therapy, versus ~32% in the registrational trial of anti-PD-1 and doublet chemotherapy.
|
RPMT | Hot Stocks08:30 EST Rego Payment Architectures collaborates with Jack Henry - Rego Payment Architectures announced that its leading white-label youth banking solution is now accessible through the Jack Henry digital banking platform. REGO leveraged the Banno Digital Toolkit, the same set of APIs the Banno Digital Platform is built on, to embed its technology into the digital experiences offered by community and regional financial institutions. Access to Jack Henry's API, design, and authenticated frameworks has enabled REGO to directly integrate into the digital banking platform providing a seamless banking experience. This integration contributes to Jack Henry's growing ecosystem of over 1,000 fintechs, providing approximately 7,500 financial institutions with relevant financial products and services for their accountholders.
|
IMMP | Hot Stocks08:28 EST Immutep data from Phase II trial presented at CTOS - Immutep announces the presentation of new data from EFTISARC-NEO, a Phase II investigator-initiated trial of eftilagimod alpha in combination with radiotherapy plus KEYTRUDA for patients with soft tissue sarcoma, STS, at the Connective Tissue Oncology Society, CTOS, 2024 Annual Meeting. Based on preliminary analysis among 21 patients available for primary endpoint assessment, the triple combination therapy demonstrates significant efficacy in the neoadjuvant setting for resectable STS.
|
DDS | Hot Stocks08:27 EST Dillard's launches Lilly Sisto for Gianni Bini - Dillard's announced the launch of Lilly Sisto for Gianni Bini. This exclusive line of contemporary apparel, footwear, handbags and accessories is a limited-edition capsule collection designed in collaboration with New York-based fashion tastemaker, Lilly Sisto. The collection is now available for a limited time in Dillard's stores across the nation as well as online at dillards.com.
|
CRML | Hot Stocks08:26 EST Critical Metals provides project update for Wolfsberg Lithium Mine - Critical Metals provided a project update for the Wolfsberg Lithium Project, which is strategically located in Austria. Earlier this year, Critical Metals Corp and the Obeikan Group incorporated Arabian New Energy Corp, a 50%/50% joint venture company which is geared towards developing, constructing and commissioning a lithium hydroxide processing plant. DRA Projects is expected to update the financial model from the 2023 DFS for the mine and lithium concentrate converter. The updated DFS is expected to be completed in the first quarter of 2025.
|
DGHI | Hot Stocks08:24 EST Digihost releases updated investor presentation - Digihost Technology announced that the company will provide a summary of the Company's unaudited financial results for the third quarter ended September 30, 2024 and a 2024 year-to-date update on its operations before market open on November 15, 2024. Additionally, The company will host a conference call to discuss third-quarter 2024 results on November 15, 2024, at 8:30 AM ET. Digihost's executives will review the Company's financial results for 3Q24 and provide more updates on the company's state.Additionally, the company has released a new investor presentation in anticipation of the call, which will be referenced during the earnings call on November 15th.
|
LXRX | Hot Stocks08:24 EST Lexicon announces data from four stories of sotagliflozin to be delivered - Lexicon Pharmaceuticals announced that data from four studies of sotagliflozin will be delivered during the American Heart Association's, AHAm Sessions 2024 being held November 16-18 at McCormick Place Convention Center in Chicago, Illinois. One of those studies, a secondary analysis of data from the Phase 3 SCORED clinical trial, examined the association of heart failure stage with cardiovascular disease and kidney events. Researchers in the study observed that sotagliflozin had similar relative benefits for all endpoints, irrespective of heart failure stage, with a corresponding increase in absolute benefits at earlier stages.
|
ALXO | Hot Stocks08:24 EST ALX Oncology appoints Alan Sandler as CMO - ALX Oncology Holdings announced the appointment of Alan Sandler, M.D., as Chief Medical Officer. He previously held the position of Executive Vice President, Chief Medical Officer at Mirati Therapeutics, prior to its acquisition by Bristol Myers Squibb in early 2024.
|
ASPI | Hot Stocks08:23 EST ASP Isotopes enters MOU with Necsa to collaborate on research - ASP Isotopes announced that it has entered into a Memorandum of Understanding, MOU, with The South African Nuclear Energy Corporation, Necsa, to collaborate on the research, development and ultimately the commercial production of advanced nuclear fuels.
|
WINT | Hot Stocks08:22 EST Windtree Therapeutics announces CEO Fraser to retire, Latkin to succeed - Windtree Therapeutics announced that Craig Fraser plans to retire from his role as Chief Executive Officer, effective December 1, 2024, after nearly nine years of distinguished service to the Company. Mr. Fraser will remain on the Board of Directors of the Company as Chairman. The Company's Board has appointed Jed Latkin, a current director of the Company, to replace Mr. Fraser as CEO and Mr. Latkin will also remain a member of the Board.
|
EGBN | Hot Stocks08:21 EST EagleBank to relocate corporate headquarters in Maryland - EagleBank announced the relocation of its headquarters to 7500 Old Georgetown Road in downtown Bethesda, scheduled for late 2025. The strategic move to a modern, high-quality space, owned by In-Rel Properties, will allow EagleBank to consolidate current offices in Bethesda and Rockville, Maryland, creating a collaborative environment that reflects its growth and ambition. The Bank will continue to house offices and branches in Virginia, DC, and other areas of Maryland, including Silver Spring and Prince George's County.
|
TKLF | Hot Stocks08:21 EST Yoshitsu launches online platform for Reiwatakiya brand in Canada - Tokyo Lifestyle announced the launch of a new online sales platform for its Reiwatakiya brand in Canada. The platform will serve as a one-stop online hub for North American customers, offering authentic Japanese health, beauty, and lifestyle products with local shipping options across North America. This launch represents a major milestone in the Company's regional expansion strategy.
|
OVV | Hot Stocks08:20 EST FourPoint signs purchase agreement to acquire Ovintiv's Uinta Basin for $2B - FourPoint Resources, together with their partners Quantum Capital and Kayne Anderson, announced the signing of a purchase and sale agreement to acquire Ovintiv's Uinta Basin assets for a purchase price of $2.0 billion in cash. The asset includes 126,000 net acres and production of 29 Mbbls/d. "The opportunity to partner with Quantum and Kayne Anderson, two of the premier private equity firms in energy, will allow our team to immediately begin the work to grow production, cash flow and create value on one of the highest quality, inventory-rich assets in the Lower 48," said George Solich, Chairman and Chief Executive Officer of FourPoint.
|
UAVS | Hot Stocks08:19 EST Ageagle Aerial Systems secures 17 new purchase orders for eBee TAC drones - AgEagle Aerial Systems announces it has secured 17 new purchase orders for eBee TAC drones from U.S. defense and security customers. Delivery of the 17 eBee TAC systems is expected to occur by the end of November.
|
MBRX | Hot Stocks08:19 EST Moleculin Biotech accelerates unblinding of Phase 3 efficacy data in AML - Moleculin Biotech has amended the clinical trial protocol with the FDA for its Phase 3 pivotal trial protocol evaluating Annamycin in combination with Cytarabine for the treatment of AML patients who are refractory to or relapsed after induction therapy. The company believes that the unblinding of data from the Phase 3 "MIRACLE" trial at 45 subjects will enable it to begin assessing all three arms of the study and provide a clear path forward in understanding the potential of Annamycin for AML patients. This change puts the company potentially less than 12 months away from definitive unblinded data that could be a strong indicator of the likelihood of approval. The company expects to reach 45 subjects in the second half of 2025, in addition to the planned unblinding expected in 2026 of the next 30-45 subjects. The increase from 240 to 244 subjects represents the statistical "cost" of the additional unblinding. The amended protocol is currently being reviewed by the Institutional Review Board. Once approved, the amended protocol will be filed with the amendment for the company's Initial New Drug application in the US with the FDA. Annamycin currently has Fast Track Status and Orphan Drug Designation from the FDA for the treatment of relapsed or refractory acute myeloid leukemia, in addition to Orphan Drug Designation for the treatment of soft tissue sarcoma.
|
IBM TKO | Hot Stocks08:17 EST IBM to become UFC's official global AI partner - IBM (IBM) and UFC, the world's premier mixed martial arts organization and part of TKO Group Holdings (TKO), announced an innovative new partnership that will combine the power of IBM's AI and data platform, watsonx, with the vast global reach of UFC's content platforms to enhance the viewing experience for millions of UFC fans around the world. With the new agreement, IBM will become UFC's Official Global AI Partner, marking the first time UFC has opened up this marketing category to a brand partner. The core of the partnership will feature UFC Insights Engine built with IBM watsonx. Insights Engine will harness IBM's expertise in data and AI technologies - including its family of Granite large language models - and UFC's rich data feeds to provide the UFC global viewing audience with more timely, in-depth information. This includes unique insights and advanced analysis of live bouts, fighter tendencies, projections of possible match outcomes, and method of victory - all of which will be engineered to update in real-time on-screen as more live data is generated.
|
ENLV | Hot Stocks08:16 EST Enlivex completes dosing, follow-up for first patient in study of Allocetra - Enlivex Therapeutics announced the completion of the dosing and initial follow-up period for the first patient in its Phase I clinical trial evaluating the safety, tolerability and potential therapeutic effect of Allocetra following injection into an affected joint in patients with psoriatic arthritis. No safety concerns were recorded following the dosing of the first patient. The trial currently plans to recruit six patients who have insufficiently responded to conventional therapies for psoriatic arthritis. The primary safety endpoint will measure the frequency and severity of adverse events and serious adverse events, and secondary endpoints will include assessments of change from baseline in pain and other parameters of disease activity for up to 12 months
|
CUE | Hot Stocks08:16 EST Cue names Daniel Baker interim CDO, CSO Amish Suri to transition to advisor role - Cue Biopharma announced that Daniel Baker, M.D., will join Cue Biopharma as interim chief development officer effective November 25, 2024. Dr. Anish Suri will transition from his current role of president & chief scientific officer and will serve the company as principal research and immunology advisor effective as of the same date. Following his retirement from Janssen in 2019, Dr. Baker served as CEO and founder of Kira Therapeutics and more recently as Executive Director on the board of Galapagos Therapeutics from April 2022 until October 2024.
|
CLRB | Hot Stocks08:15 EST Cellectar Biosciences signs strategic supply agreement with NorthStar - Cellectar Biosciences announced the signing of a strategic supply agreement with NorthStar Medical Radioisotopes, LLC, for the procurement of NorthStar's non-carrier added Ac-225. The Company's CLR 121225 development program combines its proprietary Phospholipid Ether, PLE, delivery platform and actinium 225 for the treatment of solid tumors.
|
CADL | Hot Stocks08:12 EST Candel Therapeutics sees cash runway to end of 1Q25 - Cash and cash equivalents, as of September 30, 2024, were $16.6 million, as compared to $35.4 million as of December 31, 2023. Based on current plans and assumptions, the Company expects that its existing cash and cash equivalents will be sufficient to fund its current operating plan to the end of the first quarter of 2025.
|
FUN | Hot Stocks08:10 EST Six Flags Entertainment to invest over $1B over next two years - Six Flags Entertainment announced it will invest more than $1B over the next two years to enhance the guest experience at its 42 parks. The investments, which will total between $500M and $525M in both 2025 and 2026, will include new rides, attractions, themed areas, dining upgrades, and technology enhancements that are sure to deliver an unparalleled level of fun and excitement to guests of all ages. In August, the company unveiled its capital investment for the 2025 operating season. Those plans include seven new roller coasters, along with an expanded roster of popular seasonal events. In addition, the new All Park Passport Add-On will allow season passholders and members to visit all 42 of the company's amusement and water parks beginning January 6, 2025. More than $80M of the overall two-year spend will go toward food and beverage upgrades, including new restaurant concepts and improved menu offerings.
|
RNXT | Hot Stocks08:09 EST RenovoRx reports Q3 net loss $2.5M vs $1.4M last year - Cash and cash equivalents as of September 30, 2024, were $9.6 million. "We made significant progress in the third quarter of 2024 towards our goal of patient enrollment completion of our pivotal Phase III TIGeR-PaC clinical trial in locally advanced pancreatic cancer, which is expected in the first half of 2025," said Shaun Bagai, CEO of RenovoRx. "In parallel, we have made important headway on commercialization plans for our FDA-cleared RenovoCath delivery system, creating the potential for near-term revenue generation."
|
OKLO | Hot Stocks08:06 EST Oklo announces proposed acquisition of Atomic Alchemy for $25M - Oklo announced it has signed a letter of intent to acquire Atomic Alchemy, a U.S.-based company specializing in the production of radioisotopes. Oklo's fast reactor and fuel recycling technologies produce valuable coproducts, such as radioisotopes, through their respective processes. The proposed acquisition builds upon the strategic partnership announced between Oklo and Atomic Alchemy earlier this year, demonstrating the opportunity to combine Oklo's power generation and fuel recycling capabilities with Atomic Alchemy's radioisotope production expertise to accelerate fuel production for Oklo's powerhouses, and to create new revenue streams from radioisotopes. Oklo proposes to acquire Atomic Alchemy for $25M in an all-stock transaction. All Oklo shares issued to existing shareholders of Atomic Alchemy in connection with the transaction are expected to be subject to multi-year lock-ups. Upon closing, the proposed transaction is expected to have minimal immediate impact on Oklo's operating cost structure, and the proposed transaction is not expected to impact Oklo's previously announced 2024 outlook.
|
CRIS | Hot Stocks08:06 EST Curis sees cash and cash equivalents sufficient into mid-2025
|
CTSH | Hot Stocks08:05 EST Cognizant extends relationshi with Savvas Learning Company - Cognizant announced the continuation of its relationship with Savvas Learning Company with the aim to ensure that IT functions run seamlessly for the leading K-12 learning solutions provider, supporting its mission of delivering innovative, high-quality instructional materials to the millions of educators and students it serves. A trusted Savvas partner since 2019, Cognizant has entered into a multi-year agreement with the company to help provide a comprehensive suite of advanced IT services designed to optimize its back-office operations. Cognizant Flowsource, a new platform powering the next generation of software engineering for enterprises, aims to enhance platform engineering capabilities, improve efficiencies, and drive automation for Savvas. The collaboration also plans to focus on efficient order management, in an effort to ensure timely delivery of services to the company's diverse customer base.
|
AIR TDG | Hot Stocks08:04 EST AAR Corp. signs exclusive global distribution agreement with Whippany Actuation - AAR Corp. (AIR) has signed an exclusive multi-year distribution agreement with Whippany Actuation Systems, a TransDigm Group (TDG) business. The agreement includes the global distribution of all components and sub-assemblies in Whippany's actuation product line and expands AAR's product offerings on key platforms, including Boeing 737 and 777. AAR's distribution services will compress lead times, add stocking locations, and enhance customer service for Whippany end users.
|
RTX | Hot Stocks08:03 EST RTX's Raytheon awarded U.S. Army contract - Raytheon, an RTX business, has been awarded a contract from the U.S. Army to work on directed energy wireless power beaming capabilities that will distribute power across the battlefield, simplify logistics, and safeguard locations for U.S. troops. Work is being conducted as part of a larger effort under the Department of Defense's Operational Energy Strategy. Under the contract, Raytheon's Advanced Technology team will develop advanced wireless power transmitter and receiver technologies to enable a long-range demonstration in line with the needs of U.S. Army manned and unmanned system requirements.
|
GALT | Hot Stocks08:02 EST Galectin Therapeutics sees cash runway through May 2025 - As of September 30, 2024, the Company had $27.1 million of cash and cash equivalents. Additionally, the Company has $6 million available under a new line of credit provided by its chairman of the board to fund operations. The Company believes it has sufficient cash to fund currently planned operations and research and development activities through May 2025.
|
ISENF | Hot Stocks07:58 EST Future Fuels to acquire Mountain Lake property in Nunavut - Future Fuels has entered into an asset purchase agreement dated November 13, 2024 with IsoEnergy, pursuant to which the Company will acquire a 100% interest in IsoEnergy's Mountain Lake Project, comprised of mineral claims covering 5,625 hectares in the Hornby Bay Basin, Nunavut, Canada in exchange for common shares in the authorized capital of the Company and the grant of the Net Smelter Royalties. The acquisition of the Mountain Lake Property will add key claims to the Company's portfolio of holdings in the Hornby Bay Basin in Nunavut, increasing its total holdings to over 342,064 hectares. Transaction: Pursuant to the APA, the Company has agreed to acquire the Mountain Lake Property from IsoEnergy in consideration for: the issuance to IsoEnergy of 12,500,000 Common Shares on closing of the Transaction; the issuance to the Vendor of 2,500,000 Common Shares on the earliest date practicable following Closing that will ensure that such issuance will not result in IsoEnergy owning or controlling more than 19.9% of the outstanding Common Shares on a partially-diluted basis; an the grant by the Company to IsoEnergy of a 2% net smelter returns royalty, payable on all production from the Mountain Lake Property, of which 1% will be eligible for repurchase by the Company for $1,000,000, and a 1% net smelter returns royalty, payable on all production from the Company's properties in Nunavut other than the Mountain Lake Property; The Consideration Shares, when issued, will be subject to contractual restrictions on resale beginning from the date of closing, as well as a statutory hold period of four months and one day from the date of issuance. In accordance with the Lock-Up Restrictions, IsoEnergy may not sell, pledge, encumber, assign or otherwise dispose of or transfer the Consideration Shares until they become free-trading in accordance with the release schedule, whereby 25% will be released on Closing and every six months thereafter for a total period of 18 months. Closing of the Transaction is subject to certain conditions and approvals, including: the execution of an investor rights agreement providing IsoEnergy, for so long as IsoEnergy owns 10% or more of the Company's issued and outstanding shares on a partially diluted basis, with the right to: nominate one director to the Company's board of directors; and participate in equity financings in order to maintain its pro rata share ownership in the Company; completion of the Concurrent Financing for minimum gross proceeds of $2,000,000; and the approval of the TSX Venture Exchange.
|
STCGF | Hot Stocks07:53 EST Stack Capital announces normal course issuer bid - Stack Capital Group announced that the Toronto Stock Exchange has accepted a notice filed by Stack Capital of its intention to make a normal course issuer bid with respect to its outstanding common shares. Stack Capital management believes its share price is undervalued compared to its recently announced Book Value per Share of $11.05. The notice provides that Stack Capital may, during the 12-month period commencing November 18, 2024, and ending no later than November 17, 2025, purchase through the facilities of the TSX and/or alternative Canadian Trading Systems up to 531,000 common shares in total, being 5.0% of the issued and outstanding common shares as of November 11, 2024. The price which Stack Capital will pay for any common shares will be the market price at the time of acquisition. During the period of this NCIB, Stack Capital may make purchases under the NCIB by means of open market transactions. The actual number of common shares which may be purchased pursuant to the NCIB and the timing of any such purchases will be determined by senior management of Stack Capital. The average daily trading volume from May 1, 2024 to October 31, 2024 was of 4,613 common shares. Daily purchases under the NCIB will be generally limited to 1,153 common shares, other than block purchases. All shares purchased by Stack Capital under the NCIB will be cancelled. As of November 11, 2024, there were 10,636,908 common shares of Stack Capital outstanding, and the public float was 8,213,866 common shares. Stack Capital may purchase its common shares, from time to time, if it believes that the market price of its common shares is attractive and that the purchase would be an appropriate use of corporate funds and in the best interests of Stack Capital.
|
WINV | Hot Stocks07:52 EST Winvest announces extension of termination date, additional contribution - WinVest Acquisition announced that its Board of Directors has approved an extension of the period of time available to the Company to consummate an initial business combination by one month from November 17, 2024 to December 17, 2024, as permitted under the Company's Amended and Restated Certificate of Incorporation, as amended. The purpose of the extension is to provide additional time for the Company to complete an initial business combination. In connection with the extension, $30,000 will be deposited into the trust account established in connection with the Company's initial public offering pursuant to the Company's sixth drawdown upon an unsecured non-interest-bearing promissory note in the aggregate principal amount of $180,000 issued by the Company to WinVest SPAC on June 12, 2024.
|
BELFA | Hot Stocks07:50 EST Bel Fuse closes majority stake acquisition of Enercon - Bel Fuse announced that it has closed the previously announced majority stake acquisition of Enercon Technologies, from Fortissimo Capital based on an enterprise value of $400 million. Bel has acquired an 80% stake upfront for $320 million, plus up to $10 million of potential earnout payments for the 2025-2026 period, with the intent to purchase the remaining 20% by early 2027 based on future EBITDA performance. The transaction was funded through utilization of cash on hand of approximately $80 million, with approximately $240 million provided through incremental borrowings under the Company's revolving credit facility.
|
TLRY | Hot Stocks07:49 EST Tilray's Blue Point Brewing expands winter seasonal lineup - Blue Point Brewing Company, a subsidiary of Tilray Brands, announces Blitz Beer, a new American Lager added to Blue Point's winter seasonal lineup. Available November through February, Blitz Beer offers a crisp, sessionable profile perfect for colder months and festive gatherings.
|
DIIBF | Hot Stocks07:49 EST Dorel Industries anticipates 'continued strong performance' in Juvenile segment - "As we look ahead, Dorel Juvenile remains committed to driving sustainable growth through strategic investments in product innovation, continued market share gains and operational efficiency. We anticipate continued strong performance in our key markets, supported by our robust e-commerce channels and successful partnerships with key suppliers and retailers. Despite potential challenges from currency fluctuations and container costs, we are confident in our ability to navigate these headwinds and deliver sequential earnings improvement for the fourth quarter," commented Dorel President & CEO, Martin Schwartz. "Dorel Home is on a path to reduce its costs and match its footprint to current revenue expectations, which are substantially lower than our peak years of 2020 and 2021. We have expanded our restructuring plan announced at the end of 2023 with the consolidation of our RTA facilities in the third quarter and will be initiating other aggressive actions by the end of the year to right-size the business. We acknowledge that we are operating within a challenging industry, but we believe we can operate profitably with our dual sourcing business model of efficient domestic production coupled with overseas imports. With our recent success at major brick-and-mortar retailers and traditional leadership in e-commerce, we will focus on key profitable categories and targeted promotional activities. We remain confident in our ability to adapt to market conditions and deliver value to our shareholders," concluded Mr. Schwartz.
|
GXAI | Hot Stocks07:48 EST Gaxos.AI board of directors approves Bitcoin as treasury reserve asset - Gaxos.ai announced that the Company's Board of Directors approved the purchase of up to $1 million in Bitcoin. "As demand for Bitcoin grows and so does its acceptance as a major and primary asset class, we believe that Bitcoin will serve as a strong treasury reserve asset," said Vadim Mats, CEO of Gaxos. "With recent approval of Bitcoin ETFs and growing support from institutional investors, it is a great addition to our treasury strategy. Its limited supply and inflation-resistant characteristics provide a functional store of value."
|
RLMD | Hot Stocks07:47 EST Relmada Therapeutics initiates Phase 1 dosing with REL-P11 - Relmada Therapeutics announced the initiation of dosing in a Phase 1 SAD study of REL-P11, an investigational agent for metabolic disease. "Dosing of the first subjects in the Phase 1 study is an important milestone for REL-P11, a low-dose, modified-release psilocybin formulation. Preclinical rodent studies, published at the American Association for the Study of Liver Disease in 2023, showed that treatment with REL-P11 improved multiple metabolic parameters with no detrimental CNS effects, and suggest that REL-P11 could have potential to become a valuable therapeutic option in the evolving obesity and metabolic syndrome space," said Sergio Traversa, Chief Executive Officer of Relmada. "We expect the Phase 1 study to help define the pharmacokinetic, safety and tolerability profile of REL-P11 and, with positive data, pave the way for a Phase 2a proof-of-concept study to begin in H1 2025."
|
LFSWF | Hot Stocks07:46 EST Lifeist's Mikra announces major sale for Black Friday, Cyber Monday - Lifeist Wellness announces that its U.S. biosciences subsidiary Mikra Cellular Sciences and a leader in science-driven health and wellness innovations, is having its biggest sale of the year in celebration of Black Friday and Cyber Monday. Starting November 21, 2024, customers can take advantage of strategic site and exclusive promotions on Mikra's and Amazon's websites for Mikra's products.
|
GDDFF | Hot Stocks07:45 EST Goodfood Market acquires controlling interest in Genuine Tea - Goodfood Market announced its acquisition of an 81% interest in Genuine Tea, a leading Canadian craft tea company. The founding shareholders of Genuine Tea will continue to lead the business and hold the remaining shares of the company, with Goodfood having a right to acquire their shares in the future. The acquisition, financed mainly with Goodfood's cash reserves, includes future performance-based payment features to the Genuine Tea shareholders. "We have grown Genuine Tea from a farmers' market venture to a multi-million-dollar national brand and we could not be happier to join the Goodfood family to propel Genuine Tea to the next level," said Sarah Wilcox, cofounder and CEO of Genuine Tea. Genuine Tea had over $3.5 million dollars of net sales in its most recent Fiscal year and the acquisition will be accretive to Goodfood's Adj. EBITDA margin. This acquisition marks the beginning of Goodfood's next chapter, focusing on building a portfolio of direct-to-consumer food and beverage brands. Having helped pioneer meal-kits for millions of Canadians, Goodfood now leverages its direct-to-consumer infrastructure, technology, and culinary expertise to empower select founders with a unique offering to expand and scale their businesses. As part of this acquisition, Genuine Tea's premium tea varieties will also be available through Goodfood's meal kit subscriptions, bringing added convenience and quality to Canadian consumers.
|
RAPP | Hot Stocks07:45 EST Rapport Therapeutics to present data at AES Annual Meeting - Rapport Therapeutics announced multiple presentations at the upcoming American Epilepsy Society, AES, Annual Meeting, taking place December 6-10, 2024, in Los Angeles. Using analysis from an open-label, long-term treatment study of the RNS System, Rapport will present key new data on the correlation between the reduction in long episode frequency and clinically meaningful reduction in patient reported seizures. The LE biomarker is being used in the Company's novel Phase 2a proof-of-concept trial of lead product candidate RAP-219 as a potential anti-seizure treatment for patients with drug-resistant focal epilepsy. The Phase 2a trial measures LE frequency reduction in patients who have an implanted responsive neurotransmitter device in response to RAP-219 treatment, demonstrating expected reduced clinical seizure frequency.
|
SKYE | Hot Stocks07:44 EST Skye Bioscience achieved more than 50% targeted patient enrollment in CBeyond - Skye Bioscience announced that it has achieved more than 50% of targeted patient enrollment for its CBeyond Phase 2 clinical trial assessing nimacimab, a differentiated CB1 inhibitor, in patients with overweight or obesity. Skye expects to report interim data for the CBeyond Phase 2 clinical trial in Q2 2025 after this initial set of enrolled patients has completed the 26-week treatment period. "We are grateful for the amazing motivation and responsiveness shown by our study participants and clinical investigators in the assessment of this first-in-class drug candidate for weight loss. The current pace of patient enrollment may also shorten our timeline to topline data next year. We will provide a further update after reaching full enrollment," said Puneet Arora, MD, Skye's Chief Medical Officer. "This is a rigorous clinical trial evaluating multiple important parameters. We look forward to advancing nimacimab through this program and getting this Phase 2 data next year."
|
NVCT | Hot Stocks07:43 EST Nuvectis Pharma reports data from Phase 1b study of NXP800 - Nuvectis Pharma reported encouraging data from the Phase 1b study evaluating NXP800 in patients with platinum resistant ARID1a-mutated ovarian cancer. Platinum-resistant, ARID1a-mutated ovarian cancer is a serious condition that carries a poor prognosis with an estimated life expectancy of approximately one year from diagnosis. The NXP800 development program in this disease was granted Fast Track Designation by the U.S. Food and Drug Administration and NXP800 was granted Orphan Drug Designation by the FDA for the treatment of ARID1a deficient ovarian, fallopian tube and primary peritoneal cancers. The Phase 1b interim data reported earlier this year included four patients evaluable for safety, of which three experienced Grade 4 thrombocytopenia. Subsequently, in the eight patients treated with NXP800 using the intermittent dosing schedule, the highest grade of thrombocytopenia observed was Grade 2. Other than thrombocytopenia, the most common treatment emergent adverse events included nausea, fatigue, vomiting, diarrhea and constipation, the majority of which being Grade 1-2.
|
CBUS | Hot Stocks07:41 EST Cibus completed edits in Canola for 4th mode of action - Cibus announced that it has successfully completed edits in Canola for its 4th mode of action for its Sclerotinia resistance trait and expects greenhouse results in the first quarter of 2025. Multiple modes of action, which are akin to a plant's defenses to disease, are critical for durable disease resistance. This advancement builds upon the Company's previously announced field trial results for its 2nd mode of action showing enhanced resistance to Sclerotinia in Canola plants edited with Cibus' Sclerotinia resistance trait.
|
ADUR | Hot Stocks07:41 EST Aduro Clean Tech to present Hydrochemolytic technology at ARC24 - Aduro Clean Technologies announced its participation at the Advanced Recycling Conference 2024 in Cologne, Germany. Eric Appelman, the Company's Chief Revenue Officer will present on November 21st, 2024, at 2:30 pm CET. His presentation, "An Effective Alternative to Pyrolysis in Chemical Recycling," will explore how Aduro's proprietary Hydrochemolytic technology addresses some longstanding challenges in the chemical recycling of complex and contaminated plastic waste streams. Appelman will present the technology's unique approach that enables the selective breakdown of mixed plastics into valuable, saturated hydrocarbons while removing contaminants in a single, streamlined process. The HCT process operates at a lower energy mode, has higher tolerance to contaminations and produces a higher yield of higher value products.
|
CAPT | Hot Stocks07:40 EST Captivision announces venture with digiLED, Canary Wharf Group - Captivision announced a venture with digiLED, a leading LED innovator and solution provider, and Canary Wharf Group, CWG, to enhance Canary Wharf's transformation from a world-class financial center into a thriving mixed use neighborhood. Working in collaboration with CWG, Captivision and digiLED will design and create state-of-the-art LED and architectural media glass throughout the iconic campus, providing a vibrant platform for customer engagement and immersion across the spectrum of entertainment, information, and advertising. The initial Canary Wharf LED installation includes Adams Plaza and Thomson Reuters Plaza slated for completion in February, 2025.
|
ZENA | Hot Stocks07:38 EST ZenaTech revenue increased 15% in 9 months in 2024 vs 2023 - "Our first quarter as a public company consisted of laying the groundwork for growth by making strides on many fronts, including our products by launching the IQ Nano autonomous AI drone and starting our first paid inventory management trial with a significant multinational customer. Our four acquisitions added considerable recurring revenue and functionality to enhance our drone solutions. We achieved a regulatory win to commence our aerial operations and testing, operation expansion and manufacturing in Arizona. Establishing a components and sensor manufacturing office in Taiwan will ensure low cost and compliant supply for our drones enabling us to become a U.S. military approved supplier," said CEO Shaun Passley, Ph.D.
|
ABEO | Hot Stocks07:36 EST Abeona Therapeutics expects cash to fund operations into 2026 - Cash, cash equivalents, short-term investments and restricted cash totaled $110.0 million as of September 30, 2024. As of June 30, 2024, cash, cash equivalents, short-term investments and restricted cash totaled $123.0 million. Abeona estimates that its current cash and cash equivalents, short-term investments and restricted cash, as well as its credit facility, are sufficient resources to fund operations into 2026, before accounting for any potential revenue from commercial sales of pz-cel, if approved, or proceeds from the sale of a Priority Review Voucher, if awarded by the FDA.
|
FDS | Hot Stocks07:33 EST FactSet announces new medium-term outlook - FactSet announces its new medium-term outlook: Organic ASV growth of mid-to-high single digits on average annually through fiscal 2028; Adjusted operating margin of 37% to 38% by year end fiscal 2028; Adjusted diluted EPS growth of high single digits to low double digits on average annually through fiscal 2028
|
RIME... | Hot Stocks07:33 EST Singing Machine, Stingray announce karaoke partnership with BYD - Algorhythm Holdings (RIME) announces its subsidiary, The Singing Machine entered into a strategic partnership deal with BYD (BYDDF) and Stingray (STGYF). Singing Machine will be launching a globally available in-car karaoke microphone, designed to fully integrate with Stingray Karaoke app and BYD's infotainment system in its vehicles. The first-of-its-kind partnership will have enhanced karaoke features and proprietary technology that allows for unique vocal enhancements such as vocal effects and live pitch-detection for karaoke scoring.
|
FDS | Hot Stocks07:30 EST FactSet to host 2024 Investor Day - FactSet will host an Investor Day to provide an in-depth look into the Company's strategic priorities and financial outlook, and also preview its new innovations and tailored workflow solutions. "Our clients' demand for connected, quality data to support financial decision-making has never been clearer," said Phil Snow, Chief Executive Officer of FactSet. "As a trusted enterprise partner with a broad data and technology ecosystem, we are uniquely positioned to unlock value for our clients' workflows to supercharge their financial intelligence and capture opportunities in a growing market." FactSet Investor Day 2024 will highlight: FactSet's differentiated solutions and market-leading franchises: Through its flexible data, technology, and AI-powered workflow solutions, FactSet fuels critical decisions for the global financial community. FactSet products are supercharging workflows for clients, including 95 of the top 100 asset managers, approximately 75% of the top 50 global investment banks, and 100K+ advisor desktops. A large and growing addressable market: FactSet today has a total addressable market of $40B+ and through its open, multi-cloud approach enhanced with AI, FactSet is the enterprise partner of choice. Multiple growth avenues: FactSet's growth strategy is focused on expanding and deepening client relationships; innovating with new products and technologies; enhancing AI and analytics capabilities; and increasing its footprint through core product offerings. Operating discipline and a strong financial foundation: FactSet is building on its proven track record of consistent growth through all economic cycles by maintaining a disciplined capital allocation framework of sustained organic investment, return of capital to shareholders, and a strategic approach to M&A to drive sustainable growth acceleration and value creation.
|
TLRY | Hot Stocks07:30 EST Tilray Medical launches first commercial German grown medical cannabis products - Tilray Medical, a division of Tilray Brands, announced the launch of its first commercial German grown medical cannabis flowers from its Aphria RX GmbH facility. This launch marks the first medical cannabis products to be grown in Germany by Aphria RX under the newly issued medical cannabis cultivation license under MedCanG.
|
GIS | Hot Stocks07:30 EST General Mills to acquire Whitebridge North American business for $1.45B - General Mills announced it has entered into a definitive agreement to acquire Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH in a transaction valued at $1.45B. The business, which includes the Tiki Pets and Cloud Star portfolio of brands, is a growth leader in the Cat feeding and Pet treating segments, which collectively make up $24B in retail sales within the broader $52B U.S. pet food category. The North American Whitebridge Pet Brands business generated approximately $325M in U.S. Nielsen-measured retail sales in the past twelve months, predominantly in the pet specialty and e-commerce channels. As part of the transaction, General Mills will assume operations of two manufacturing facilities in Joplin, Missouri. NXMH will retain Whitebridge Pet Brands' European business and brands. General Mills intends to fund the acquisition with cash on hand and new debt. The transaction is anticipated to close in the third quarter of fiscal 2025, subject to regulatory approval and other customary closing conditions.
|
AYASF | Hot Stocks07:29 EST Aya Gold & Silver sees FY24 production 1.6M oz - 1.8M oz - On September 6, 2024, the Corporation announced a delay in commissioning due to an issue encountered by the EPC provider to correct the installation of the ball mill hydraulic unit. Along with this delay, the Corporation indicated it would revise 2024 production guidance. Production guidance is expected to be 1.6 - 1.8Moz for 2024. As a result of the delay in commissioning and its impact on the Corporation's prior production guidance, the Corporation is withdrawing all other guidance figures presented in the year-end 2023 MD&A and March 28, 2024 press release.
|
ACIU | Hot Stocks07:29 EST AC Immune reports interim results from Phase 2 trial of ACI-7104.056 - AC Immune announced positive interim safety and immunogenicity data from the Phase 2 VacSYn clinical trial evaluating ACI-7104.056, its wholly owned anti-alpha-synuclein active immunotherapy candidate, for the treatment of patients with early Parkinson's disease. Dr. Andrea Pfeifer, CEO of AC Immune SA, commented: "We are encouraged by these initial Phase 2 safety and immunogenicity data on our ACI-7104.056 active immunotherapy being studied in early Parkinson's disease. The level of immunogenicity after only 3 months of treatment as well as the continued positive safety profile, reinforces the best-in-class characteristics of our clinically validated anti-a-syn active immunotherapy for the treatment of Parkinson's disease. We look forward to sharing further updates in H1 2025 including the decision to expand into Part 2 of the VacSYn study." Interim results show positive antibody responses were effectively induced against the target antigen at week 6 after 2 immunizations and were strongly boostable. Treatment with ACI-7104.056 induced an increase in anti-a-syn antibodies on average 16-fold higher than the placebo background level after three immunizations.
|
TAC | Hot Stocks07:28 EST TransAlta to acquire Heartland Generation from Energy Capital for $542M - TransAlta announced that it has entered into an amending agreement to the share purchase agreement with an affiliate of Energy Capital Partners, ECP, the parent of Heartland Generation Ltd. and Alberta Power, relating to the previously announced acquisition of Heartland and its business operations by TransAlta. In order to meet the requirements of the federal Competition Bureau, TransAlta has also entered into a consent agreement with the Commissioner of Competition pursuant to which TransAlta has agreed to divest Heartland's Poplar Hill and Rainbow Lake assets following closing of the Transaction. Closing of the Transaction is expected to occur on or before December 4, 2024. In consideration of the Divestitures, TransAlta and ECP have agreed to a purchase price reduction of $80 million for the Transaction. ECP will be entitled to receive the proceeds from the sale of Poplar Hill and Rainbow Lake, net of certain adjustments following completion of the Divestitures. The net cash payment for the Transaction, before working capital adjustments, is estimated at $230 million, and will be funded through a combination of cash on hand and draws on its credit facilities.
|
DIS | Hot Stocks07:26 EST Disney, Reliance Industries JV receives regulatory approval in India - Reliance Industries, or RIL, Viacom 18 Media and Disney announced that following the approval by the Hon'ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India Private, or SIPL, has become effective. In addition, RIL has invested approximately $1.4B into the JV for its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively. The transaction values the JV at $8.5B on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney. Nita Ambani will be the chairperson of the JV, with Uday Shankar as vice chairperson providing strategic guidance to the JV.
|
BRLXF | Hot Stocks07:25 EST Boralex to continue to work on various initiatives of Strategic Plan - Boralex's 2025 Strategic Plan is built around the same four strategic directions as the plan launched in 2019 - growth, diversification, customers and optimization - and six corporate targets. The details of the plan, which also sets out Boralex's corporate social responsibility strategy, are found in the Company's annual report. Highlights of the main achievements for the quarter ended September 30, 2024, in relation to the 2025 Strategic Plan can be found in the 2024 Interim Report 3, in the Investors section of the Boralex website. In the coming quarters, Boralex will continue to work on its various initiatives under the strategic plan, including project development, analysis of acquisition targets and optimization of power sales and operating costs. Finally, to fuel its organic growth, the Company has a pipeline of projects at various stages of development and construction defined on the basis of clearly identified criteria, totaling 7.2 GW of wind, solar and energy storage projects.
|
IVVD | Hot Stocks07:24 EST Invivyd announces NEJM published letter to editor on PEMGARDA - Invivyd announces that The New England Journal of Medicine, NEJM, has published a peer-reviewed Letter to the Editor describing the PEMGARDA immunobridging emergency use authorization pathway, as well as an updated correlate of protection curve for prevention of symptomatic COVID-19 via recombinant monoclonal antibodies such as pemivibart. The immunobridging approach highlighted in NEJM draws on pharmacokinetic bioequivalence principles and was designed by the U.S. Food and Drug Administration to allow rapid development and authorization of serial, novel mAbs that can protect vulnerable populations from symptomatic COVID-19 amid a rapidly evolving variant landscape. The immunobridging approach established by the FDA for pemivibart development relied on a comparison between the serum virus neutralizing antibody titers of a novel antibody, pemivibart, and the sVNA titer associated with previous clinical protection at a single point in time from a single prototype mAb, in this case, Invivyd's prior investigational mAb, adintrevimab.
|
APLIF ADTX | Hot Stocks07:23 EST Appili Therapeutics shareholders vote in favor of Aditxt transaction - On November 6, 2024, shareholders of the Company overwhelmingly voted in favour of a special resolution approving a plan of arrangement pursuant to which Aditxt, through its wholly-owned subsidiary, Adivir, Inc. will acquire all of the issued and outstanding Class A common shares of the Company by way of a court-approved plan of arrangement under the Business Corporations Act. Approximately 29.50% of the outstanding Appili Shares were voted by shareholders and the Transaction was approved by 99.79% of the votes cast. Appili and Aditxt are in the process of satisfying the remaining closing conditions, which include: the Company obtaining final court approval for the Transaction, and Aditxt securing sufficient financing to complete the Transaction. Subject to satisfaction or waiver of the remaining closing conditions, Appili expects the Transaction to close in December 2024.
|
HLT | Hot Stocks07:21 EST Hilton announces additional $3.5B stock repurchase authorization - The board of directors of Hilton authorized the repurchase of an additional $3.5B of common stock under the company's existing stock repurchase program, bringing the total amount currently authorized for future repurchases to approximately $4.8B.
|
BRAG | Hot Stocks07:20 EST Bragg Gaming concludes review of strategic alternatives process - The Bragg board announced the strategic alternatives process in March with the formation of a special committee, comprised solely of independent members of the board. The committee, together with its advisors Oakvale Capital LLP and Blake, Cassels & Graydon LLP, evaluated a wide range of strategic alternatives for maximizing shareholder value including a potential sale or merger of the Company. Bragg solicited interest from a significant number of potential counterparties and received multiple non-binding proposals. After careful consideration, the board, on recommendation from the special committee, unanimously determined that none of the proposals received reflect the company's intrinsic value or current and projected financial performance, and therefore elected to conclude its review and disband the special committee.
|
SNGX | Hot Stocks07:17 EST Soligenix initiates Phase 2 clinical trial of SGX945 in Behcet's Disease - Soligenix has opened patient enrollment for its Phase 2 study evaluating SGX945 - dusquetide - in the treatment of Behcet's Disease. Soligenix looks forward to completing enrollment and announcing study results in the first half of 2025. The pilot clinical trial of SGX945 will be an open-label study that will enroll approximately 25 patients age 18 years or older with mild to moderate Behcet's Disease and active oral and/or genital ulcers. Efficacy endpoints will include the extent of lesion clearance, timeline to lesion clearance, and patient reported quality of life assessments.
|
TLN | Hot Stocks07:13 EST Talen Energy sees FY24 adjusted EBITDA $750M-$780M - Sees FY24 adjusted free cash flow $265M-$285M
|
CABA | Hot Stocks07:11 EST Cabaletta Bio sees cash runway into 1H26 - As of September 30, 2024, Cabaletta had cash, cash equivalents and short-term investments of $183.0 million, compared to $241.2 million as of December 31, 2023. The Company expects that its cash, cash equivalents and short-term investments as of September 30, 2024, will enable it to fund its operating plan into the first half of 2026.
|
ITRM | Hot Stocks07:09 EST Iterum Therapeutics sees cash runway into 2025 - Cash, cash equivalents and short-term investments were $14.5 million at September 30, 2024. Based on Iterum's current operating plan, Iterum expects that its current cash, cash equivalents and short-term investments, including proceeds received from the exercise of certain warrants and amounts raised under an ATM offering subsequent to quarter-end through November 4, 2024, will be sufficient to fund its operations into 2025, including through the repayment date of the 6.500% Exchangeable Notes due January 31, 2025
|
MITQ | Hot Stocks07:09 EST Moving iMage sees momentum into holiday season, favorable Q2 comparison - "We are optimistic that the industry's strong box office momentum will extend through the holiday season and transition into an exciting lineup of releases for 2025. While our fiscal Q2 is typically slower due to the holiday season, the current industry climate presents a unique opportunity for favorable year-over-year comparisons due to last year's setbacks related to the Hollywood strikes. Despite this improved environment, we still have not made back all the ground lost from the post-Covid recovery that was occurring prior to the strikes. However, the industry is re-gaining momentum, and we expect our customers to allocate more of their refreshed budgets in the second half of our fiscal year, which aligns with the first half of calendar 2025. "In parallel, we are advancing our internal growth initiatives across the cinema and out-of-home entertainment markets, all aimed at driving revenue growth and margin expansion with the majority introducing recurring revenue streams. As we make progress on these initiatives, we look forward to keeping our investors updated on these initiatives and the value they bring."
|
CMMB | Hot Stocks07:07 EST Chemomab Therapeutics sees cash runway through beginning of 2026 - Cash and short-term bank deposits were $19.5 million as of September 30, 2024, as compared to $12.8 million as of June 30, 2024 and $19.9 million as of December 31, 2023. During the third quarter of 2024 Chemomab completed a private placement that resulted in gross proceeds to the company of approximately $10 million. Chemomab believes its existing liquidity resources as of September 30, 2024, will enable the company to fund its operations through the beginning of 2026.
|
STTK | Hot Stocks07:05 EST Shattuck Labs sees cash runway into 2027 - Shattuck has effectuated its restructuring plan to prioritize the development of the DR3 program and align the Company's cost and workforce structure with the its current goals and clinical development strategy. The Company has substantially completed the reduction in force associated with the discontinuation of SL-172154. Shattuck believes its cash and cash equivalents and investments will be sufficient to fund its planned operations into 2027, beyond results from its Phase 1 clinical trial of SL-325. This cash runway guidance is based on the Company's current operational plans and excludes any additional capital that may be received, proceeds from potential business development transactions, and/or additional costs associated with additional development activities that may be undertaken.
|
TRMB | Hot Stocks06:57 EST Trimble receives expected delisting, deficiency notice from Nasdaq - Trimble received a staff delisting determination from Nasdaq, informing the company that Nasdaq has initiated a process which could result in the delisting of the company's common stock from Nasdaq as a result of the company not being in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic financial reports with the SEC. The company intends to appeal the staff determination before a Nasdaq Hearing Panel and seek a further stay of any suspension or delisting action pending the hearing process in accordance with the procedures set forth in the staff determination.
|
DDS | Hot Stocks06:55 EST Dillard's sees 2024 CapEx $110M
|
MRK | Hot Stocks06:53 EST Merck enters exclusive global license for LM-299 - Merck and LaNova Medicines, a privately held clinical-stage biotechnology company, announced that Merck has entered into an exclusive global license to develop, manufacture and commercialize LM-299, a novel investigational PD-1/VEGF bispecific antibody from LaNova. Under the agreement, LaNova has granted Merck an exclusive global license to develop, manufacture and commercialize LM-299. LaNova will receive an upfront payment of $588M. LaNova is also eligible to receive up to $2.7B in milestone payments associated with the technology transfer, development, regulatory approval and commercialization of LM-299 across multiple indications. Closing of the proposed transaction is subject to approval under the Hart-Scott-Rodino Antitrust Improvements Act and other customary conditions. The transaction is expected to close in the fourth quarter of 2024. Merck expects to record a pre-tax charge relating to the $588M payment due upon closing to be included in GAAP and non-GAAP results in the quarter that the transaction closes, and the EPS impact of such charge will be disclosed at that time.
|
DIS | Hot Stocks06:50 EST Disney provides FY25 Entertainment, Sports, Experiences segment guidance - FY25: Entertainment: Double digit percentage segment operating income growth compared to fiscal 2024, weighted to the first half of the year. Entertainment DTC operating income increase of approximately $875 million versus fiscal 2024, which includes a comparison to an adverse impact of our India DTC business of approximately $200 million on fiscal 2024 Entertainment DTC results. Modest decline in Q1 Disney+ Core subscribers versus Q4. Q1 Content Sales/Licensing and Other operating income relatively in-line with Q4. Sports: 13% segment operating income growth compared to fiscal 2024 on a reported basis. Adjusting for the impact of our India business on Sports' fiscal 2024 results, operating income is expected to decrease approximately 10%. Experiences: 6% to 8% segment operating income growth compared to fiscal 2024, weighted to the second half of the year. Q1 operating income adversely impacted by approximately $130 million due to Hurricanes Helene and Milton and approximately $90 million due to Disney Cruise Line pre-launch costs.
|
CPRI TPR | Hot Stocks06:47 EST Capri Holdings announces termination of merger with Tapestry - Capri Holdings (CPRI) announced the mutual termination of its definitive merger agreement with Tapestry (TPR). Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement's outside date of February 10, 2025. The Company also announced its strategies to return to growth, which management will discuss on a call at 11:00 a.m. ET. The company will share more details of its strategies at an Investor Day in late February 2025. John Idol, the company's Chairman and Chief Executive Officer, said, "With the termination of the merger agreement, we are now focusing on the future of Capri and our three iconic luxury houses. Looking ahead, I remain confident in Capri's long-term growth potential for numerous reasons. First, we have an incredible portfolio of luxury houses, each with their own rich heritage, exclusive DNA and strong consumer loyalty. Second, we have a solid distribution network to build upon. With over 1,200 directly operated luxury retail locations globally combined with our robust digital platform we have a strong framework for the future. Additionally, our extensive wholesale network serves as an important channel to reach consumers in areas where we do not have our own stores. Third, we have the management team, design talent and a global workforce of 15,000 employees to successfully execute our initiatives. Fourth, we have the financial strength to implement our strategies." Idol concluded, "Given our company's performance over the past 18 months, we have recently started to implement a number of strategic initiatives to return our luxury houses to growth. Across Versace, Jimmy Choo and Michael Kors, we are focused on brand desirability through exciting communication, compelling product and omni-channel consumer experience. While our strategies are tailored uniquely for each brand, our overarching goals are similar."
|
DIS | Hot Stocks06:46 EST Disney sees double digit growth in cash provided by operations for FY26 - "When comparing to our fiscal 2025 guide, we expect: Entertainment: Double digit percentage segment operating income growth; 10% operating margin for our Entertainment SVOD DTC businesses (excluding our Hulu Live DMVPD service). Sports: Low single digit percentage segment operating income growth. Experiences: High single digit percentage segment operating income growth."
|
CPRI TPR | Hot Stocks06:45 EST Capri Holdings announces termination of merger with Tapestry
|
DIS | Hot Stocks06:44 EST Disney sees FY25 cash from operations ~$15B - For FY25 sees: Approximately $15 billion in cash provided by operations; Approximately $8 billion of capital expenditures; Target dividend growth that tracks our earnings growth; Targeting $3 billion in stock repurchases.
|
AAP | Hot Stocks06:37 EST Advance Auto Parts announces asset optimization program - The company is executing a strategic plan to improve business performance with a focus on core retail improvements. The company has identified opportunities that it believes can improve adjusted operating income margin by more than 500-basis points through fiscal 2027. This strategic plan is anchored on three pillars outlined below to put the company on the path to deliver consistent profitable growth. Store operations: Reduction in U.S. asset footprint - closing 523 Advance corporate stores, exiting 204 independent locations, and closing four distribution centers. Standardization of store operating model and improving labor productivity. Acceleration in pace of new store openings. Merchandising excellence: Strategic sourcing to improve first costs and bring parts to market faster. Assortment management to enhance availability of parts. Pricing and promotions management to improve gross margin. Supply chain: Consolidation of distribution centers to operate 13 large facilities by 2026. Opening of 60 market hub locations by mid-2027. Optimization of transportation routes and freight to lower costs and improve productivity.
|
OVV | Hot Stocks06:18 EST Ovintiv to acquire certain Montney assets from Paramount for $2.38B - Ovintiv announced it has entered into a definitive purchase agreement to acquire certain Montney assets from Paramount Resources, in an all-cash transaction valued at approximately $2.38B. Upon closing, the acquisition will add approximately 70 MBOE/d of production, 900 net 10,000 foot equivalent well locations, and approximately 109,000 net acres, in the core of the oil-rich Alberta Montney. The assets are strategically located near the company's current operations and have access to midstream infrastructure with available capacity. The transaction has been unanimously approved by Ovintiv's board of directors. Ovintiv has also entered into a definitive agreement to sell substantially all its Uinta Basin assets located in Utah, to FourPoint Resources, for total cash proceeds of approximately $2B. The company expects the combined transactions to increase 2025 non-GAAP free cash flow by approximately $300M, driving 2025 Non-GAAP free cash flow per share approximately 20% higher than previously expected. The Montney acquisition is expected to be funded through a combination of cash proceeds received from the pending sale of the Uinta assets, cash on hand, as well as borrowings under the company's credit facility and/or temporary financing. Ovintiv has received fully committed bridge financing from JPMorgan Chase Bank, N.A. and Morgan Stanley Senior Funding. The company has temporarily paused its share buyback program until the cash borrowed under the temporary financing, totaling approximately $377M, has been recovered. This represents the net difference between the purchase price for the Montney assets and the expected divestiture proceeds from the Uinta assets. In the fourth quarter, approximately $181M has been redirected to debt reduction from the buyback pause. Ovintiv estimates that share buybacks will resume in the second quarter of 2025. The company's bolt-on acquisition activity has effectively been paused until the share buyback program has resumed. The base dividend is expected to remain unchanged. The combined transactions are expected to be immediately and long-term accretive across key operational and financial metrics including return on capital employed, non-GAAP cash flow per share, and non-GAAP free cash flow per share. Ovintiv has entered into a definitive agreement to sell substantially all its Uinta Basin assets for total cash proceeds of approximately $2B. The divestiture includes approximately 126 thousand net acres of largely undeveloped land. Ovintiv's third quarter Uinta oil and condensate production was approximately 29 Mbbls/d. Following the closing of the transactions, Ovintiv plans to run an average of three rigs across its combined Montney acreage, five rigs on its Permian acreage and one to two rigs on its Anadarko acreage. Approximately 85% to 90% of 2025 total capital is expected to be allocated to the Permian and the Montney. The company expects to deliver 2025 total average oil and condensate production volumes of approximately 205 Mbbls/d and total volumes of approximately 620 MBOE/d, with capital investment of approximately $2.2B, or about $100M less than previously expected.
|
GSK | Hot Stocks06:16 EST GSK announces Blenrep met key secondary endpoint in DREAMM-7 trial - GSK announced positive headline results from a planned interim analysis of the DREAMM-7 head-to-head phase III trial evaluating Blenrep in combination with bortezomib plus dexamethasone as a second-line or later treatment for relapsed or refractory multiple myeloma. The trial met the key secondary endpoint of overall survival, showing that belantamab mafodotin when combined with BorDex significantly reduced the risk of death versus standard of care daratumumab plus BorDex. Hesham Abdullah, Senior Vice President, Global Head Oncology, R&D, GSK, said: "The overall survival results from the DREAMM-7 trial underscore the potential for this Blenrep combination to extend the lives of patients with relapsed/refractory multiple myeloma. This is a statistically significant and clinically meaningful advancement for patients and potentially transformative for treatment. We look forward to sharing these data with health authorities and presenting the full results at next month's American Society of Hematology Annual Meeting."
|
SINT | Hot Stocks06:13 EST Sintx Technologies provides corporate update on strategic initiatives - Sintx Technologies provided an update on its recent strategic initiatives and financial performance. Sintx continues to restructure its operations to focus on high-impact, sustainable markets in the medical device industry. In Q3, the company made the decision to cease operations of its armor division and recorded a one-time $4.5M impairment charge. This move aligns with Sintx's emphasis on reallocating resources towards the medical device market, where the Company sees the greatest potential for growth. Additionally, the company implemented a reduction in workforce during Q3. Sintx also reported improvement in liquidity, closing the quarter with $4.8M in cash, up from $3.3M at year-end 2023, fueled by strategic offerings that raised $9.4M year-to-date. During Q3, Sintx achieved growth in revenue, with an 18% total increase in the same quarter last year. The company is currently exploring new collaborations with strategic advisory partners to evaluate potential merger candidates, acquisitions, strategic partners and sale of business divisions.
|
STI | Hot Stocks06:12 EST Solidion to allocate portion of excess cash reserves to Bitcoin - Solidion announced a step forward in its corporate treasury strategy by allocating a significant portion of its excess cash reserves to Bitcoin. This move, alongside the broader pro-Bitcoin environment influenced by the recent election of a pro-crypto administration, solidifies the company's long-term belief in Bitcoin's role as a store of value and a strategic asset. Solidion will commit 60% of any excess cash from operations to Bitcoin purchases. Solidion will convert interest earnings on cash held in money market accounts to Bitcoin. Solidion will designate a percentage of funds to Bitcoin acquisitions to be held for the long-term.
|
BEEM | Hot Stocks06:08 EST Beam Global secures first sponsorship deal with Globos Osiguranje - Beam Global announced its first sponsorship deal with Globos Osiguranje, one of Serbia's premier insurance companies. Under this deal, Globos Osiguranje has sponsored five EV ARC solar-powered EV charging stations that are now deployed at Belgrade Nikola Tesla Airport, Serbia's busiest international travel hub, and will provide free public electric vehicle charging. In order to facilitate this sponsored Driving on Sunshine initiative, Beam Global previously secured an agreement with Belgrade Airport, part of VINCI Airports, an operator of over 70 airports in 14 nations across the globe, to operate the network in prime locations at Belgrade Nikola Tesla Airport with further cooperation with VINCI Airports to be considered.
|
BGNE | Hot Stocks06:06 EST BeiGene announces proposed name change to 'BeOne Medicines' - BeiGene announced its intent to change the company's name to "BeOne Medicines Ltd.," confirming its commitment to develop innovative medicines to eliminate cancer by partnering with the global community to serve as many patients as possible. The new name is part of a broader strategic growth plan that has enabled the company's global oncology leadership since its inception in 2010. The company recently reported $1B in quarterly total revenue driven by strong growth in product revenue in the U.S. and Europe. To support its expansive clinical portfolio and global growth, the company opened its $800M flagship clinical R&D and manufacturing facility at the Princeton West Innovation Campus in Hopewell, N.J. in July. Once the name is approved by shareholders, the company's stock ticker on Nasdaq will change to "ONC".
|
MCD | Hot Stocks06:05 EST McDonald's USA, Syngenta, Lopez Foods collaborate on beef production - McDonald's USA, Lopez Foods, a multi-protein producer and long-term supplier to McDonald's, and Syngenta North America, a leader in agricultural technology, today announced a collaboration that aims to increase feed efficiency and help reduce the amount of greenhouse gas emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production.
|
EFXT | Hot Stocks06:04 EST Enerflex lowers 2024 CapEx view to $80M-$90M from $90M-$110M
|
ZETA | Hot Stocks06:02 EST Zeta Global announces $100M stock repurchase program - Zeta Global announced that its board of directors authorized a stock repurchase program for up to $100M of Zeta's Class A common stock through December 31, 2026. The program supplements Zeta's existing Class A common stock share repurchase program, which was authorized in August 2022, under which, as of September 30, $14.7M remained available for use prior to its expiration on December 31.
|
JBL | Hot Stocks05:56 EST Jabil signs MoU with Gujarat state government - Jabil announced it has signed a memorandum of understanding, or MoU, with the Gujarat state government. The signing took place in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel. This agreement follows an MoU signing with the Tamil Nadu state in September. The two MoUs reflect Jabil's intentions to expand its footprint in India and will allow the company to explore long-term goals, opportunities and support with both states.
|
ACN | Hot Stocks05:54 EST Accenture enters collaboration agreement with Kyoto University - Accenture and Kyoto University announced a collaboration agreement to advance learning, research and innovation in human-centered AI.
|
ACN | Hot Stocks05:52 EST Accenture launches center for advanced AI in Kyoto - Accenture announced the opening of the Accenture Center for Advanced AI Kyoto, a facility dedicated to empowering clients with AI technologies, particularly generative AI, to drive the reinvention of their organizations. The center serves as a collaborative hub where clients can gain inspiration and forge new paths for their business transformations, which contribute to economic growth in Japan.
|
FTI | Hot Stocks05:49 EST TechnipFMC awarded iEPCI contract by TotalEnergies - TechnipFMC has been awarded an integrated Engineering, Procurement, Construction, and Installation, or iEPCI, contract by TotalEnergies for its GranMorgu project on Block 58, the first oil and gas development offshore Suriname. This iEPCI award supports the development of an emerging frontier and is enabled by the company's vessel ecosystem. The project will combine TechnipFMC's subsea architecture with Saipem's EPCI solutions and pipelay capabilities-notably J-Lay, the optimal solution given the location offshore Suriname-to accelerate time to first oil and increase schedule certainty. TechnipFMC's contracted scope for the project includes Subsea 2.0 tree systems, manifolds, connectors, and topside control equipment. The company will also supply umbilicals, flexible jumpers, and flexible risers.
|
ZK | Hot Stocks05:44 EST Zeekr announces strategic integration transactions with Geely - Zeekr announced its entry into strategic integration transactions with certain Geely entities, including Zhejiang Geely, a PRC limited liability company ultimately wholly-owned by Shufu Li and his associates, Volvo Cars Investment, a wholly-owned PRC subsidiary of Volvo Car AB, which itself is Geely Holding's indirect, non-wholly-owned subsidiary in Sweden, Ningbo Geely, a wholly-owned PRC subsidiary of Geely Automobile, Zeekr's controlling shareholder, and Lynk & Co Automotive Technology Co, a Chinese-foreign joint venture in China owned as to 50%, 20% and 30% respectively by Ningbo Geely, Geely Holding and VCI. Lynk & Co is principally engaged in the manufacture and sale of Lynk & Co brand vehicles and the after-sales parts. The strategic integration transactions are expected to close substantially concurrently, subject to the respective closing conditions set forth in the transaction documents. Upon completion, Lynk & Co will become Zeekr's indirect non-wholly-owned subsidiary, and the financial results of Lynk & Co will be consolidated into the financial statements of Zeekr. Zeekr's board of directors formed a committee of independent directors consisting of Miguel Lopez Ben, Stephen Brown Davis and Michael David Ricks, to consider and evaluate the strategic integration transactions. The committee was advised by its independent financial advisor, Houlihan Lokey, which delivered a fairness opinion stating that, as of the date of the opinion, the consideration to be paid by Zeekr in the equity transfer and the capital injection pursuant to the Lynk & Co equity transfer agreement and the Lynk & Co capital injection agreement is fair to the company from a financial point of view. Zeekr's board of directors, upon the unanimous recommendation of the committee, approved the strategic integration transactions. The company was notified that, also on November 14, a sale and purchase agreement was entered into between Geely International, a limited liability company incorporated in Hong Kong wholly owned by Geely Holding and Luckview Group, a limited liability company incorporated in the British Virgin Islands and a wholly-owned subsidiary of Geely Auto, pursuant to which GIHK will sell and Luckview will purchase approximately 11.3% of Zeekr's issued share capital for a consideration of $806.1M. Immediately after completion of this sale and purchase of Zeekr shares, Geely Auto's shareholding in Zeekr will increase to approximately 62.8%.
|
IFF | Hot Stocks05:27 EST IFF launches Texstar enzymatic texturizing solution - IFF announced the launch of Texstar, an advanced enzymatic texturizing solution which the company said is poised to revolutionize the texture of both dairy and plant-based fresh fermented products. This enzyme provides the necessary viscosity in fresh fermented products, without the use of added stabilizers. Texstar will enable manufacturers to create products with unique textures that feature familiar, consumer-accepted ingredients. Additionally, the enzyme will allow supply chain fluctuations to be managed more effectively and reduce Scope 3 emissions relating to texturants.
|
ANTE | Hot Stocks05:24 EST AirNet Technology regains compliance with Nasdaq - AirNet Technology announced that it received a written notice from the Listing Qualifications Staff of Nasdaq on November 12, notifying the company that it has regained compliance with the minimum market value of publicly held shares requirement under Nasdaq Listing Rule 5550(a)(5). The company was previously notified by the staff on September 18 that it was not in compliance with the MVPHS requirement due to its failure to maintain a minimum MVPHS of $1M for a period of 30 consecutive business days. Since then, the staff has determined that the company's MVPHS had been $1M or greater from October 28 through November 11. Therefore, the staff determined that the requirement was met on November 12.
|
QH | Hot Stocks05:12 EST Quhuo announces strategic partnership with Panasonic Navinfo - Quhuo announced a strategic partnership with Panasonic Navinfo, a joint venture company. The collaboration aims to strengthen export support for new energy vehicles, or NEVs, through technological and service innovation, improve full-process management, and help Chinese NEVs excel in the global market.
|
BILI | Hot Stocks05:08 EST Bilibili announces $200M share repurchase program - The company announced that its board of directors has authorized a share repurchase program under which the company may repurchase up to $200M of its publicly traded securities for the next 24 months. The company's shareholders have approved to grant an annual share repurchase mandate to its board of directors in accordance with the Hong Kong Listing Rules at the company's annual general meeting held on June 28, which shall be valid until the company's next annual general meeting unless revoked or varied. The company also plans to obtain its shareholders' approval for a share repurchase mandate at its next annual general meeting.
|