Stockwinners Market Radar for November 18, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CRSP | Hot Stocks20:07 EST Cathie Wood's ARK Investment bought 176K shares of Crispr Therapeutics today
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LGMK | Hot Stocks19:50 EST NXT-ID trading halted, news pending
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POLA | Hot Stocks19:50 EST Polar Power trading halted, news pending
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WHLR | Hot Stocks19:50 EST Wheeler Real Estate Investment Trust trading halted, news pending
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RIO | Hot Stocks19:11 EST Rio Tinto, Bouganville, ABG sign MoU to form Roundtable - Rio Tinto, Bougainville Copper Limited and the Autonomous Bougainville Government have signed a Memorandum of Understanding to form a Roundtable to address the findings of the Panguna Mine Legacy Impact Assessment. The independent PMLIA is based on two years of data collection overseen by an Oversight Committee that includes representatives from local communities and both Government of Papua New Guinea and ABG officials. Engineering firm Tetra Tech Coffey, which conducted the study and reported to an independent secretariat, presented the findings to Panguna communities in October 2024. The PMLIA Report is expected to be published later this month. Under the MoU, the Roundtable parties will work together, consult with impacted communities, and establish a process to agree on how to remedy actual and potential impacts identified in the PMLIA. President of Bougainville Ishmael Toroama said: "The PMLIA has been an important initiative for the ABG and for impacted communities. Rio Tinto and BCL should be commended for stepping up and supporting the assessment, as well as the clan representatives on the Oversight Committee who have been a vital bridge to their communities throughout the process."
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WSM | Hot Stocks18:52 EST Williams-Sonoma CEO sells $5.2M in common stock - In a regulatory filing, Williams-Sonoma disclosed that its CEO Laura Alber sold 40K shares of common stock on November 15th in a total transaction size of $5.2M.
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PLL | Hot Stocks18:41 EST Piedmont Lithium trading halted, news pending
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CVR | Hot Stocks18:32 EST Chicago Rivet & Machine cuts dividend to 3c from 10c per share - Chicago Rivet & Machine Co. announced that its Board of Directors declared a quarterly cash dividend of 3c per share payable December 20 to all shareholders of record on December 5. This is a 7c per share reduction from the 10c per share quarterly cash dividend that the company has declared and paid in recent quarters. The company stated that while its financial position remains sound, the Board of Directors determined that the reduction in the dividend was prudent given the company's recent operating performance. As previously disclosed, the company has been implementing multiple initiatives to improve performance that have led to year-over-year performance improvement. These include price adjustments with our customers and cost reduction projects, including the previously disclosed consolidation of the Albia, Iowa operation into the Tyrone, Pennsylvania operation. Notwithstanding, current macroeconomic headwinds exist that have impacted the company's financial performance in the most recent quarter, in particular, a significant reduction in demand from the company's automotive customers. While the company believes this to be transient, it is expected to persist into 2025, and the company is diligently pursuing strategies to develop new customer relationships and build on existing relationships in all of the markets served. With respect to the payment of future dividends, the Board of Directors will continue to consider the company's current profitability, the outlook for long-term profitability, known and potential cash requirements, and the overall financial condition of the company, and any dividend declared will be solely at the discretion of the Board of Directors.
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WWD GEV | Hot Stocks17:56 EST GE Vernova to acquire Woodward????s gas turbines business - Woodward (WWD) announced that it has signed a definitive agreement under which GE Vernova (GEV) is to acquire Woodward's heavy duty gas turbines combustion parts business based in Greenville, S.C. Under the terms of the agreement and subject to meeting all closing terms and conditions, GE Vernova will acquire assets related to the business that are dedicated to supplying parts and services to GE Vernova. For more than 50 years, GE Vernova has held a significant presence in the Greenville area, supporting several local charities including the United Way, Roper Mountain Science Museum and American Heart Association, and other organizations, like the Greenville Drive, Peace Center and others. The transaction is expected to close in early 2025, subject to certain closing conditions. Woodward has determined that the transaction is not financially material, and the amount of the transaction is not disclosed.
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HCA | Hot Stocks17:55 EST HCA Healthcare exec Whalen sells 1,474 common shares - In a regulatory filing, HCA Healthcare chief ethics officer Kathleen Whalen disclosed the sale of 1,474 common shares of the company on November 14 at a price of $357.99 per share.
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SPR | Hot Stocks17:52 EST Spirit AeroSystems to sell Fiber Materials business for $165M in cash - Spirit AeroSystems announced a purchase agreement to sell Fiber Materials business based in Biddeford, Maine, and Woonsocket, Rhode Island, to Tex-Tech Industries for $165M in cash, subject to customary adjustment.
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AMZN | Hot Stocks17:40 EST Amazon becomes exclusive retail sponsor for The Game Awards - The Game Awards announced Amazon as the exclusive retailer sponsor for the 10th Anniversary broadcast of the video game industry's biggest event, live on Thursday, December 12, 2024. As part of the multifaceted collaboration, Amazon launched a dedicated Game Awards hub page at amazon.com/thegameawards. This special TGA page will be updated with deals and offers on video game software, hardware, and accessories from now until December 31, 2024, including many TGA nominees and participating games. In addition, U.S. viewers of The Game Awards live stream can look forward to Prime exclusive limited-time offers on top video games, accessories, and hardware that will be revealed live during the show. Once revealed, these limited time offers will only be available at amazon.com/thegameawards, while supplies last. "We are thrilled to partner with the world's leading retailer to give our global audience access to special deals and offers this holiday season," said Geoff Keighley, founder/CEO, The Game Awards. "Wario 64 is going to have a busy night." Reference Link
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BTM AYI | Hot Stocks17:20 EST Bitcoin Depot announces resignation of CFO Glen Leibowitz - In a regulatory filing, Bitcoin Depot (BTM) disclosed that, on November 18, the company announced that Glen Leibowitz has resigned from his role as CFO, effective November 15, for personal reasons. There were no disagreements between Leibowitz and the company. Leibowitz's decision to depart was not related to the operations, policies or practices of the company or any issues regarding accounting policies or practices. The company also announced that its Board of Directors has appointed Scott Buchanan, the company's current COO and a member of the Board, to the role of Acting CFO and Principal Financial Officer effective as of the date of Leibowitz's resignation, while maintaining his role as the company's COO. The company has launched a search for a permanent CFO. Buchanan has served as a director and COO of the company since March 2022, and also served as the company's CFO from August 2020 to January 2023. From June 2019 to August 2020, Buchanan served as the company's Vice President of Finance/Human Resources. Before his tenure at the company, Buchanan worked at Acuity Brands (AYI) in different finance-related roles beginning in December 2015.
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GT | Hot Stocks17:18 EST Goodyear Tire awarded $134.87M Defense Logistics Agency contract - Goodyear Tire has been awarded a $134.87M firm-fixed-price requirements contract under solicitation for ground tires. This was a competitive acquisition with three responses received. These are three-year contracts with no option periods. The performance completion date is December 10, 2027. Using military services are Army, Air Force, Navy, and Marine Corps. Type of appropriation is fiscal 2025 through 2028 defense working capital funds. The contracting activity is the Defense Logistics Agency Land and Maritime, Columbus, Ohio.
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LEU | Hot Stocks17:17 EST Centrus says Russian Federation rescinds license to export LEU to U.S. - In a regulatory filing, Centrus disclosed that on November 18, it received notice from TENEX that on November 14, the government of the Russian Federation passed a decree, effective through December 31, 2025, that rescinded TENEX's general license to export LEU to the United States or to entities registered in the United States. Accordingly, TENEX is required to obtain a specific export license from the Russian authorities in order for it to make each of the remaining 2024 shipments of LEU to Centrus and for shipments to Centrus in 2025. TENEX has informed Centrus of its plan to seek the necessary export licenses, in a timely manner, to allow it to meet its delivery obligations for the pending Centrus orders. However, Centrus has been informed that there is no certainty whether such licenses will be issued by the Russian authorities and if issued, whether they will be issued in a timely manner. Centrus will be in communication with its customers whose pending orders may be affected and is assessing actions to mitigate adverse impacts. If TENEX is unable to secure export licenses for its pending or future orders, it would affect its ability to meet its delivery obligations to its customers and would have a material adverse effect on its business, results of operations, and competitive position. Note that Pursuant to a 2011 contract between Centrus Energy Corp. and TENEX, joint stock company, a Russian government-owned entity, TENEX serves as Centrus' largest supplier of low enriched uranium, or LEU, for delivery to Centrus' U.S. and international customers. Following this filing, in after-market trading, shares of Centrus Energy are down by 2.65%.
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AMTM | Hot Stocks17:16 EST Amentum awarded $389M Army contract modiication - Amentum was awarded a $389M modification to a contract for logistics support services. Work locations and funding will be determined with each order, with an estimated completion date of November 20, 2025. Army Contracting Command is the contracting activity.
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TECK | Hot Stocks17:13 EST TSX accepts Teck's new normal course issuer bid proposal - Teck Resources has been informed that the Toronto Stock Exchange, or TSX, has accepted Teck's notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares. Under the normal course issuer bid, Teck may purchase up to 40 million Class B Shares during the period starting November 22, and ending November 21, 2025, representing approximately 7.9% of the outstanding Class B Shares, or 8.0% of the public float, as at November 8, 2024. 503,097,912 Class B Shares were issued and outstanding as at that date. As at November 8, 2024, during the previous normal course issuer bid, which commenced on November 22, 2023, and will end on November 21, 2024, Teck has purchased 18,062,775 Class B Shares at a weighted average purchase price of $62.75 through the facilities of the TSX, the New York Stock Exchange and alternative trading systems in both Canada and the U.S.
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DFMTF | Hot Stocks17:06 EST Defense Metals appoints Mark Tory as CEO - Defense Metals announced the appointment of Mark Tory to the position of CEO. Tory will commence his new role January 1, 2025, and will be relocating to Vancouver. His previous executive experience includes managing director of Crescent Gold, after a period as CFO and company secretary
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SQ | Hot Stocks17:06 EST Block self-custody wallet Bitkey to launch inheritance feature for customers - Bitkey, the self-custody wallet built by Block, announced the launch of an inheritance feature for customers around the world that will start to roll out next month, and will be available to all Bitkey customers in January 2025. While people who hold the keys to their bitcoin have full control of their money, today's solutions don't offer a simple way to pass their bitcoin on to the next generation. Today, those who self-custody their bitcoin need to glue together multiple products, ask beneficiaries to remember long passwords, or leave complicated instructions that beneficiaries may or may not be able to follow. Now, Bitkey is introducing a safe and easy way for customers to make sure their bitcoin moves seamlessly into the hands of their loved ones. Access to Bitkey's inheritance plan will be initially included with the purchase of every Bitkey hardware device - including existing Bitkey customers - and it will make it possible for the funds held in a Bitkey wallet to be transferred to a designated beneficiary after the passing of a Bitkey owner...Bitkey was created to widen access to self-custody and to empower people around the world to truly manage their bitcoin in a way that's simple and secure. It was designed around the idea that simplicity is the best security, meaning no long passwords that are difficult to manage and easy to lose, a simple onboarding process, and a product that works...
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WY | Hot Stocks17:05 EST Weyerhaeuser to invest $500M in new TimberStrand facility in Arkansas - Weyerhaeuser announced its plan to invest approximately $500M to build a new TimberStrand facility near Monticello and Warren, Arkansas, expanding the company's engineered wood products, or EWP, capacity in the U.S. South. The facility will have an annual production capacity of approximately 10M cubic feet, which is comparable to the company's existing TimberStrand facility in Kenora, Ontario. Construction is expected to begin in 2025, with the goal of starting operations in 2027. The new facility will support an underserved and growing market for TimberStrand in the U.S. South. Additionally, the plant will include a biomass-fueled cogeneration system, which will fully supply the plant's electrical needs and reduce its environmental footprint. The facility doubles Weyerhaeuser's North American TimberStrand capacity. The facility is expected to generate over $100M of annual adjusted EBITDA at full operating capacity and expected to add nearly 200 jobs in Monticello and the surrounding area once fully operational. The company expects to incur approximately $500M of capital expenditures for the facility through 2027 and plans to exclude this investment for purposes of calculating the company's annual adjusted funds available for distribution, as used in its cash return framework. This capital outlay may be sourced from cash on hand or through future financing, as the company deems appropriate.
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UAVS SCWO | Hot Stocks17:04 EST Ageagle Aerial Systems names Adrienne Anderson as interim CFO - In a regulatory filing, Ageagle Aerial Systems (UAVS) disclosed that, on November 14, the company appointed Adrienne Anderson to the positions of Interim CFO and Interim Principal Accounting Officer of the company, effective immediately, to replace Mark DiSiena who's resignation from his position as CFO was effective November 15. Since June 2023, Anderson has been the principal and founder of Anderson Accounting and Consulting, LLC, a consulting firm that focuses on assisting public companies with financial reporting, SEC filings, technical accounting matters, complex debt and equity transactions, and preparing for PCAOB financial statement audits. Anderson has also served as CFO of 374Water (SCWO) since January, 2024.
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SMCI | Hot Stocks17:03 EST Supermicro up 16% at $24.92 afterhours following compliance plan announcement
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SMCI | Hot Stocks17:01 EST Supermicro names BDO as Independent Auditor, files compliance plan with Nasdaq - Super Micro "announced that the Audit Committee of its Board of Directors has engaged BDO USA, P.C. as its independent auditor, effective immediately. BDO is a member firm of BDO International, one of the world's top five accounting firms network with over 115,000 professionals across its global network and a recognized leader in audit and assurance. Additionally, the Company announced that it has submitted a compliance plan to The Nasdaq Stock Market to support its request for an extension of time to regain compliance with the Nasdaq continued listing requirements. In its compliance plan to Nasdaq, the Company indicated that it believes that it will be able to complete its Annual Report on Form 10-K for the year ended June 30, 2024, and its Quarterly Report on 10-Q for the fiscal quarter ended September 30, 2024 and become current with its periodic reports within the discretionary period available to the Nasdaq staff to grant."
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PTGX JNJ | Hot Stocks16:49 EST Protagonist and JNJ say icotrokinra study for PsO meets endpoint - Protagonist Therapeutics (PTGX) announced positive topline results from its collaboration with Johnson & Johnson (JNJ), in ICONIC-LEAD1 and ICONIC-TOTAL2, two pivotal Phase 3 investigational studies of icotrokinra , the first-in-class targeted oral peptide that selectively blocks the IL-23 receptor, in individuals 12 years of age and older with moderate to severe plaque psoriasis or PsO . In the ICONIC-LEAD study, once-daily icotrokinra showed significant skin clearance versus placebo in adults and adolescents with moderate to severe plaque psoriasis. At week 16, nearly two-thirds of patients treated with icotrokinra achieved IGA3 scores of 0/1 clear or almost clear skin , and 49.6% achieved PASI 904, compared to 8.3% and 4.4% on placebo, respectively. Further increases in response rates continued to be observed at week 24, with 74.1% of patients treated with icotrokinra achieving IGA scores of 0/1, and 64.9% achieving PASI 90. Safety data was found to be consistent with the Phase 2 FRONTIER 1 and 2 studies. A similar proportion of patients experienced adverse events between icotrokinra and placebo, with 49.3% and 49.1% of participants experiencing a treatment emergent adverse event at week 16. In addition, positive topline results from the Phase 3 ICONIC-TOTAL study showed once-daily icotrokinra met the primary endpoint of IGA of 0/1 at week 16 compared to placebo. "These positive Phase 3 results confirm the compelling efficacy and safety trends that were observed with the previous Phase 2b FRONTIER-1 and -2 studies, highlighting icotrokinra's potential as a best-in-class oral agent providing an ideal combination of significant skin clearance with demonstrated tolerability in a once-daily pill for treating plaque psoriasis," said Dinesh V. Patel, PhD, President and CEO of Protagonist. "These results also continue to validate Protagonist's innovative peptide technology platform and its effectiveness in creating highly differentiated new chemical entities to address unmet needs in various disease areas." Under the terms of the recently amended icotrokinra license and collaboration agreement with Johnson & Johnson, Protagonist has earned $165M in milestone payments. These are inclusive of $115 million for successful completion of a Phase 3 study, a $35 Maccelerated payment previously due upon acceptance of an NDA in psoriasis, and a $15M accelerated payment previously due upon initiation of a Phase 3 study in a second indication.5 The $165M payment, which the Company expects to receive in Q1 2025, has been earned under the agreement and is not refundable. The Company remains eligible for up to $630M in future development and sales milestone payments, and tiered royalties of 6-10% on worldwide net sales.
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INCY | Hot Stocks16:43 EST Incyte down 9% at $70 after update on MRGPRX2, MRGPRX4 programs
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ANGI | Hot Stocks16:42 EST Angi Inc. CEO buys $430K in common stock - In a regulatory filing, Angi Inc. disclosed that its CEO Jeffrey Kim bought 250K shares of common stock on November 15th in a total transaction size of $430K. Shares of Angi are up 3% afterhours at $1.97.
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ECX... | Hot Stocks16:41 EST Ecarx enters components procurement, R&D services agreement with Geely - Ecarx (ECX) announced that it entered into a components procurement and R&D services agreement with Geely Automobile (GELYF), Zhejiang Huanfu and Hangzhou Langge, pursuant to which Geely Auto agrees to, subject to certain conditions set forth therein, purchase automobile components and R&D services from the company, Zhejiang Huanfu Technology and Hangzhou Langge Technology to further enhance the driving technology system for new energy vehicles of Geely Auto. The agreement has a term of three years and ends on December 31, 2027. The aggregated annual caps covered by the components procurement and R&D services agreement - totaling RMB6.39B RMB6.43B and RMB6.49M for the supplier group for 2025, 2026 and 2027, respectively - will be exempt from the requirement of the approvals of independent shareholders of Geely Auto pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong; and the parties are not restrained from transacting beyond the exempt amounts under this agreement as long as Geely Auto has complied with the requirements under the listing rules. The rights and obligations of the parties to the agreement are subject to the fulfilment of various conditions precedent. The company will continue to be a stable and reliable source of automobile components and R&D support for the manufacturing of new energy vehicles for brands within Geely Auto, such as Zeekr (ZK) and Lynk & Co, under the components procurement and R&D services agreement.
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COHR | Hot Stocks16:34 EST Coherent releases high-speed InP photodiodes for 1.6T transceivers - Coherent has announced the production release of high-speed indium phosphide InP photodiodes. Designed for use in the next generation of 800G and 1.6T transceivers with 200 Gb/s PAM4 optical lanes, and available in both singlet and 1x4 array configurations with integrated lenses, they provide efficient optical coupling and compatibility with all major 4-channel and 8-channel transimpedance amplifiers TIA . Featuring a wide optical response from 900 nm to 1650 nm and high responsivity at 1310 nm, these RoHS-compliant devices have a 3 dB bandwidth greater than 50 GHz, a low capacitance of 50 femtofarads fF , and low dark current. The photodiode arrays are available in two different flip-chip pad configurations for compatibility with high-performance TIAs and are engineered to meet the demanding requirements of longwave fiber-optic communication systems. "These photodiodes represent a major advancement in reliability and performance for data center applications," said Kou-Wei Wang, Vice President, InP DML & Photodiodes at Coherent. "Their high bandwidth and excellent optical characteristics allow our customers to develop high-speed optical transceivers with an additional performance margin." These high-speed photodiodes are currently available in sample quantities, with general availability planned for Q1 2025.
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WEN UPS | Hot Stocks16:33 EST Wendy's names Ken Cook as CFO, succeeding Gunther Plosch - The Wendy's Company (WEN) announced the appointment of Ken Cook as CFO, effective December 2. He will report to President and CEO Kirk Tanner and serve on the Wendy's Senior Leadership Team. Cook will succeed Gunther Plosch who has served as CFO since 2016 and will depart the company at the end of the year after a transition with Cook. Cook most recently served as Head of Financial Planning and Analysis at United Parcel Service (UPS) and joins Wendy's with 20 years of experience in roles with increasing responsibility across the Finance organization.
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NWN | Hot Stocks16:33 EST Northwest Natural Gas to acquire SiEnergy Operating for $273M in cash - Northwest Natural Holding Company announced it entered into an agreement to acquire SiEnergy Operating, LLC from SiEnergy Capital Partners, LLC, an affiiliate of Ridgewood Infrastructure, for $273M in cash and the assumption of $152M of debt. Upon closing the transaction, which is expected to occur in the first quarter of 2025, SiEnergy will become a wholly owned subsidiary of NW Natural Holdings. "The acquisition of SiEnergy builds on our core strength of operating utilities and delivering essential services to customers," said David H. Anderson, CEO of NW Natural Holdings. "Texas is one of the fastest growing states in the nation with a constructive regulatory and policy environment. SiEnergy has a substantial number of contracts to add new customers in the coming years. We believe we will be well positioned to capture additional growth as Texas' population expands and new housing developments provide opportunities for new customers." The transaction is expected to further support management's long-term EPS growth outlook of 4% to 6%. The transaction is expected to close in the first quarter of 2025 subject to customary closing conditions including expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. No regulatory approval is needed from the Railroad Commission of Texas to close this transaction.
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APO | Hot Stocks16:33 EST Apollo Global acquires majority stake in The State Group, terms undisclosed - Apollo Global announced that funds associated with its impact and clean transition strategies have acquired a majority stake in The State Group, or TSG, from Blue Wolf Capital. Blue Wolf will retain a minority stake in the business, alongside existing management shareholders. Established in 1961, TSG is a provider of electrical, mechanical, robotics and automation services, with a presence across industrial end markets. Financial terms of the transaction are not disclosed.
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LANC | Hot Stocks16:33 EST Lancaster Colony to acquire sauce and dressing production facility for $75M - Lancaster Colony "announced their planned acquisition of a sauce and dressing production facility located in Atlanta, Georgia from Winland Foods, Inc. This asset purchase transaction is expected to close in the first quarter of calendar year 2025, subject to customary closing conditions, with a purchase price of approximately $75 million. The production facility accounts for a total of approximately 300,000 square feet, of which approximately 250,000 square feet are designated for manufacturing."
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JNJ | Hot Stocks16:32 EST Johnson & Johnson announces results from ICONIC-LEADa Phase 3 study - Johnson & Johnson announced positive topline results from ICONIC-LEADa, a pivotal Phase 3 investigational study of icotrokinra, or JNJ-2113, the first targeted oral peptide that selectively blocks the IL-23 receptor, in adults and adolescents 12 years of age and older with moderate to severe plaque psoriasis, or PsO. The Phase 3 study met its co-primary endpoints of Psoriasis Area and Severity Index, or PASI, 90b and Investigator's Global Assessment, or IGA, of 0/1c response at week 16 and response rates continued to improve through week 24. Once daily icotrokinra showed significant skin clearance versus placebo in adults and adolescents with moderate to severe plaque psoriasis. At week 16, nearly two-thirds of patients treated with icotrokinra achieved IGA scores of 0/1, and 49.6% achieved PASI 90, compared to 8.3% and 4.4% on placebo, respectively. Further increases in response rates continued to be observed at week 24, with 74.1% of patients treated with icotrokinra achieving IGA scores of 0/1, and 64.9% achieving PASI 90.1 Safety data was found to be consistent with the Phase 2 FRONTIER 1 and 2 studies. A similar proportion of patients experienced adverse events between icotrokinra and placebo, with 49.3% and 49.1% of participants experiencing a treatment emergent adverse event at week 16.
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INCY | Hot Stocks16:32 EST Incyte to pause MRGPRX2 program in CSU, suspend MRGPRX4 in CP - The company states: "Incyte announced that it will pause enrollment in the ongoing Phase 2 study of MRGPRX2 in chronic spontaneous urticaria, CSU. The decision was made following the observation of certain in vivo preclinical toxicology findings. These data have been shared with the U.S. Food and Drug Administration and Incyte will work closely with the FDA to determine next steps. Enrollment in the other INCB000262 proof-of-concept studies is complete and data from all clinical studies will help inform its future development and guide the potential development of back-up molecules. In addition, data from the Phase 2 study evaluating MRGPRX4 in cholestatic pruritus, CP, does not support further development."
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KWR | Hot Stocks16:31 EST Quaker Houghton names Joseph Berquist as CEO, succeeding Andy Tometich - Quaker Houghton announced that its Board of Directors has appointed Joseph Berquist as CEO and President, and a member of the Board of Directors, effective immediately. Berquist, who succeeds Andy Tometich as CEO and President, most recently served as Executive Vice President and Chief Commercial Officer for Quaker Houghton. Since joining Quaker Houghton in 1997, Berquist has been instrumental in the execution of the company's growth. In 2008, he was promoted to the company's executive leadership team as Managing Director North America, where he drove several consecutive years of revenue and profitability improvement.
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AMD | Hot Stocks16:26 EST AMD Chief Accounting Officer resigns - In a regulatory filing, Advanced Micro Devices disclosed that on November 15, Ms. Darla Smith informed AMD of her resignation as Corporate Vice President and Chief Accounting Officer of AMD. Effective November 18, Smith will cease serving as AMD's Chief Accounting Officer and continue her employment as Corporate Vice President until January 17, 2025 to assist with transition matters. "Smith's resignation is not the result of any dispute or disagreement with AMD, including with respect to any matters relating to AMD's accounting practices or financial reporting. On November 13, 2024, the Board of Directors of AMD appointed Mr. Philip Carter, 46, as AMD's Corporate Vice President, Chief Accounting Officer and principal accounting officer effective as of November 18, 2024. Mr. Carter previously served as Corporate Vice President, Chief Accounting Officer at Skyworks Solutions, Inc. where he had worked since February 2017," the filing stated. Reference Link
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RCKT | Hot Stocks16:22 EST Rocket Pharmaceuticals has not initiated enrollment in Phase 2 RP-L301 study - In a regulatory filing, Rocket Pharmaceuticals stated: "As previously disclosed, the Company has reached agreement with the U.S. Food and Drug Administration on the study design of the Phase 2 pivotal trial for RP-L301, the Company's ex vivo LV-based program targeting Pyruvate Kinase Deficiency, a monogenic red blood cell disorder resulting in increased red cell destruction and mild to life-threatening anemia. While the Phase 2 RP-L301 Study is ready for patient enrollment, the Company is currently focusing its resources on its other programs and has not initiated enrollment in the Phase 2 RP-L301 Study. The Company anticipates resuming patient enrollment in 2025."
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RCKT | Hot Stocks16:22 EST Rocket Pharmaceuticals has not initiated enrollment in Phase 2 RP-L301 study - In a regulatory filing, Rocket Pharmaceuticals stated: "As previously disclosed, the Company has reached agreement with the U.S. Food and Drug Administration on the study design of the Phase 2 pivotal trial for RP-L301, the Company's ex vivo LV-based program targeting Pyruvate Kinase Deficiency, a monogenic red blood cell disorder resulting in increased red cell destruction and mild to life-threatening anemia. While the Phase 2 RP-L301 Study is ready for patient enrollment, the Company is currently focusing its resources on its other programs and has not initiated enrollment in the Phase 2 RP-L301 Study. The Company anticipates resuming patient enrollment in 2025."
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AHH | Hot Stocks16:19 EST Armada Hoffler CEO Lou Haddad to retire, Shawn Tibbetts to succeed - Armada Hoffler's board of directors announces that Shawn Tibbetts, the company's president and COO, has been named CEO beginning January 1. Current CEO Lou Haddad will retire at the end of 2024 but will retain the role of executive chairman of the company's board of directors. Additionally, the board of directors expects to appoint Tibbetts to the board of directors upon his elevation to CEO. Tibbetts, who has served as the company's COO since 2019 and was elevated to president earlier this year as part of a succession planning process conducted over the last several years and published early this year, has been a driver of Armada Hoffler's strategic growth. Tibbetts previously served as The Port of Virginia's president and COO.
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IRM | Hot Stocks16:16 EST Iron Mountain expands planned data center capacity in Virginia - Iron Mountain has acquired two data center development sites in Virginia - adding significant planned capacity to support its rapid growth in the data center market. These latest acquisitions bring more than 100 acres to Iron Mountain's data center development portfolio, and add an estimated 350+ megawatts of planned future capacity - taking the company's total data center capacity to in excess of 1.2 gigawatts globally when fully developed. Iron Mountain's acquisition of a 66-acre development site in Richmond, VA will enable it to build a new data center campus with more than 200 MW of expected capacity. The company's acquisition of a 40-acre development site in Manassas, VA enables two planned new data center buildings at its further expanded Manassas campus, offering an estimated 150 MW of additional capacity. This acquisition includes the planned development of an electricity substation to ensure continued uninterrupted power supply across the Manassas campus.
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MCHP | Hot Stocks16:16 EST Microchip CEO Ganesh Moorthy to retire - Microchip announced that Ganesh Moorthy is retiring as CEO, president and as a member of the board of directors in connection with his 65th birthday at the end of November. The board has appointed Steve Sanghi as interim CEO and president effective immediatyely. Sanghi will remain as chair of the board. "On behalf of the entire Board, we thank Ganesh for his service to Microchip over the past 23 years and we wish him well with his retirement. He has been a key member of our management team and served in many important roles during his tenure at Microchip including serving as President and CEO for the last four years during a very tumultuous cycle in our industry," said Steve Sanghi. Mr. Sanghi continued, "I look forward to serving again as CEO and President to lead Microchip through this industry downturn and return the company to growth in revenue and profitability and enhance stockholder value."
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AHH | Hot Stocks16:16 EST Armada Hoffler names Shawn Tibbetts as new CEO - Armada Hoffler's Board of Directors announces that Shawn Tibbetts, the company's COO, has been named CEO beginning January 1, 2025. Current CEO Lou Haddad will retire at the end of 2024 but will retain the role of Executive Chairman of the Company's Board of Directors. Additionally, the Board of Directors expects to appoint Tibbetts to the Board of Directors upon his elevation to Chief Executive Officer.
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DUOL | Hot Stocks16:15 EST Duolingo exec Glance sells 3,021 class A shares - In a regulatory filing, Duolingo chief engineering officer Natalie Glance disclosed the sale of 3,021 class A common shares of the company on November 15 at a price of $309.30 per share.
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NWTN | Hot Stocks16:15 EST NWTN Inc. receives delisting determination from Nasdaq, intends to appeal - NWTN Inc. announced that it received a determination notice from the staff of Nasdaq informing the company that as a result of the company's failure to file its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the SEC and regain compliance with Nasdaq Listing Rule 5250 by November 11, the staff has determined that, unless the company requests an appeal by November 19, Nasdaq will suspend trading of the company's ordinary shares and warrants at the opening of business on November 21 and will file a Form 25-NSE with the SEC, which will remove the company's securities from listing and registration on Nasdaq. The determination does not result in the immediate suspension of trading or delisting of the company's securities, and the Nasdaq listing rules provide a procedure for the company to appeal the determination and seek a stay of suspension pending the appeal. Pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series, the company may appeal the determination to a hearings panel, which request will stay the trading suspension for 15 days from the date of the request. When the company requests a hearing, it may also request an extended stay of the suspension, pending the hearing. The company's requests for a hearing and for an extended stay must be received by November 19. By November 19, the company intends to request for a hearing to appeal the determination, and for an extended stay of the trading suspension until the panel has rendered a decision on the appeal. The company is working diligently to file the 2023 annual report as soon as practicable. Although the company will use all reasonable efforts to regain compliance with Nasdaq Listing Rule 5250(c)(1), there can be no assurance that the company will be able to regain compliance with that rule or will otherwise be in compliance with other Nasdaq listing criteria. There can be no assurance that the panel will grant the company's request for continued listing or stay the suspension of the company's securities.
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BTCM WBAI | Hot Stocks16:14 EST SEC charges BIT Mining with FCPA violations - The Securities and Exchange Commission announced that BIT Mining Ltd., formerly known as 500.com Limited, agreed to pay a $4M civil penalty to resolve charges that it violated the Foreign Corrupt Practices Act, or FCPA, from 2017 to 2019 by engaging in a widespread bribery scheme to influence numerous foreign officials, including members of Japan's parliament, in efforts to establish an integrated resort casino in Japan. 500.com was an online sports lottery service provider headquartered in Shenzhen, China, whose shares traded on the New York Stock Exchange under the symbol "WBAI." The SEC's order finds that the bribery scheme involved illicit payments of approximately $2.5M in the form of cash bribes, entertainment, and extravagant trips. The order further finds that the bribes were authorized by a 500.com senior executive and that, after the bribery scheme came to light, the company never entered the market. BIT Mining consented to the SEC's order finding that it violated the anti-bribery, recordkeeping, and internal accounting controls provisions of the FCPA. BIT Mining has agreed to cease and desist from committing or causing any violations and any future violations of these provisions and to pay the civil penalty mentioned above. In a parallel action, the U.S. Department of Justice announced today it has entered into a non-prosecution agreement in which BIT Mining agreed to pay a $10M criminal fine, of which $4M will be satisfied by the company's payment of a civil penalty pursuant to the SEC's order. Reference Link
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MSI | Hot Stocks16:13 EST Motorola Solutions CEO sells $13.8M in common stock - In a regulatory filing, Motorola Solutions disclosed that its CEO Gregory Brown sold 28K share of common stock on November 14th in a total transaction size of $13.8M.
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CDRO | Hot Stocks16:10 EST Codere Online receives delisting notice from Nasdaq, submits appeal - Codere Online announced that it received a staff determination letter from Nasdaq, notifying the company of the determination from Nasdaq to delist the company's securities from Nasdaq Stock Market, given the company had not filed its Form 20-F for the year ended December 31, 2023 in accordance with continued Listing Rule 5250. As previously reported, the company's delay in filing its Form 20-F is due to the fact that the finalization of the audit of our financial statements for the three years ended December 31, 2023 has taken longer than expected following the engagement of our new independent registered public accounting firm in March. The letter states that the company may appeal staff's determination to a hearings panel pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series. Hearings are typically scheduled to occur approximately 30-45 days after the date of the hearing request. A request for a hearing regarding a delinquent filing automatically stays the delisting of the company's securities from Nasdaq through the duration of the hearing. It also automatically stays the suspension of trading of the company's securities for a period of 15 days from the date of the request. The letter also states that when the company requests a hearing, it may also request a further stay of the suspension of trading through the duration of the hearing process. Earlier, the company formally requested both a hearing to appeal the delisting determination and a further stay of suspension of trading through the duration of the hearing process. Furthermore, in connection with this stay request, the company submitted materials to Nasdaq to explain why this stay is appropriate, as required by the hearings panel. The company has not yet received a determination regarding its request for this further stay of suspension of trading. The company continues to work to complete and file with the SEC the Form 20-F and believes it will be able to do so, thereby regaining compliance with the Public Reports Rule, within the extension period the company plans to seek from the hearings panel.
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ACM | Hot Stocks16:09 EST Aecom boosts stock buyback to $1B, raises quarterly dividend 18% - Aecom affirmed the priorities of its returns-based capital allocation policy. Accordingly, the company announced that its Board of Directors has approved an increase to its share repurchase authorization to $1B and an increase to its quarterly dividend by 18% to 26c per share. "The increases to our share repurchase authorization and quarterly dividend payment reflect our confidence in delivering strong earnings and cash flow growth, as well as the strength of our balance sheet," said Troy Rudd, AECOM's chief executive officer. "Through this announcement, we are affirming our returns-driven capital allocation policy focused on high-returning investments in accelerating organic growth and margin expansion, as well as capital returns to shareholders. This includes returning $2.5 billion to shareholders since 2020, primarily through share repurchases." Consistent with these priorities, the Company has bought back $2.2B of stock since the initiation of its repurchase program in September 2020, which has reduced its shares outstanding by 21%. In addition, the Company remains committed to increasing the per share value of its dividend by double-digits annually, as reflected in the 20% average annual increase it has delivered over the last three years.
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TUYA | Hot Stocks16:08 EST Tuya sees the industry in a positive trajectory - The company said, "With the stabilizing macroeconomic environment and normalizing downstream inventory levels, the industry is currently on a positive trajectory. With the effective implementation of the Company's customer and product strategies, along with the utilization and innovation of emerging technologies like AI, the Company is confident in its business prospects. The Company will remain committed to continuously iterating and improving its products and services, further enhancing software and hardware capabilities, expanding key customer base, investing in innovations and new opportunities, diversifying revenue streams, and further optimizing operating efficiency. At the same time, the Company understands that future trajectories may encounter challenges, including shifting consumer spending patterns, regional economic disparities, inventory management, foreign exchange rate and interests rate volatility, and broader geopolitical uncertainties."
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TUYA | Hot Stocks16:07 EST Tuya reports Q3 non-GAAP EPS 4c vs. 2c last year - Reports Q3 revenue $81.6M vs. $61.1M last year. Xueji Wang, Founder and CEO of Tuya, commented, "I'm pleased that in the Q3, we delivered robust financial performance across all our business segments, featuring high growth, stable margins and tight operating budget control. These solid results reaffirm our position as a growing and profitable smart cloud platform leader with a clear strategy and strong execution capabilities. Our performance was driven by robust demand from existing customers, as reflected in a Dollar-Based Net Expansion Rate of 124%. We also strengthened global partnerships, particularly in Europe and emerging markets, and expanded our developer community to 1.26 million registered developers. Looking ahead, we remain focused on empowering developers and delivering innovative solutions to meet the growing demand for smart products."
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VIR | Hot Stocks16:07 EST Vir Biotechnology gets positive opinion on orphan drug designation for Tobevibar - Vir Biotechnology "announced that the European Medicines Agency Committee for Orphan Medicinal Products, has issued a positive opinion on the application for orphan drug designation of tobevibart and elebsiran for the treatment of chronic hepatitis delta. This opinion is based on encouraging preliminary data from the Phase 2 SOLSTICE trial. Vir Biotechnology will present 24-week data from the Phase 2 SOLSTICE trial at AASLD The Liver Meeting(R) in San Diego, CA, on November 18 at 6.15 p.m. PT. An investor conference call is scheduled for November 19, 2024, at 5.15 a.m. PT / 8.15 a.m. ET. CHD is a severe, progressive liver disease caused by the hepatitis delta virus (HDV)1. It is considered the most aggressive form of chronic viral hepatitis, with patients often progressing to cirrhosis and liver failure within 5 years of infection. Currently, there is no approved treatment in the United States, and treatment options are limited in the European Union and globally."
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NRXP | Hot Stocks16:07 EST NRx Pharmaceuticals names Michael Abrams as CFO - NRx Pharmaceuticals announced it has appointed Michael Abrams as its permanent CFO. Abrams succeeds Interim-CFO Richard Narido, who will continue to support the company's financial function and other projects. Michael Abrams is a senior finance professional with almost three decades of experience as an executive officer, investment banker, director and senior advisor, which includes serving as the CFO of Arch Therapeutics, RiseIT Solutions, and FitLife Brands.
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IIIN | Hot Stocks16:05 EST Insteel closes Warren, Ohio facility - Insteel Industries announced that it will be closing its facility in Warren, Ohio, and moving the manufacturing to the Company's remaining welded wire reinforcement production facilities. The Warren facility was acquired as part of Insteel's recent purchase of Engineered Wire Products, Inc. The consolidation of the Company's welded wire manufacturing operations is expected to result in the elimination of up to 35 positions at the Warren facility. It is anticipated that operations at the Warren facility will cease by the end of November 2024. Insteel expects to incur a restructuring charge of approximately $1.9 million related to the facility's closure.
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ARRY | Hot Stocks16:05 EST Array Technologies announces $3M investment in Swap Robotics - Array Technologies announced its strategic $3M investment in Swap Robotics, a utility-scale solar robotic operations, maintenance, and automation solutions company. Swap Robotics is currently in the process of closing a pre-Series A funding round targeting strategic investors, including Array. Under the investment agreement, Array has agreed to provide two additional investments of $1M each if Swap attains certain agreed-upon milestones.
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ERII | Hot Stocks16:03 EST Energy Recovery announces $50M share repurchase program - Energy Recovery announced that its Board of Directors approved a share repurchase program to purchase up to $50 million of the company's outstanding common stock over the next 12 months, beginning in November 2024.
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GRAL AZN | Hot Stocks16:03 EST Grail tests first patient for TROPION-Lung12 Phase 3 study - GRAIL (GRAL) announced that the first patient has been tested for eligibility with the investigational GRAIL Non-Small Cell Lung Cancer, or NSCLC, ctDNA Assay in the global TROPION-Lung12 Phase 3 study evaluating adjuvant treatment regimens in patients with Stage I adenocarcinoma NSCLC. The study is sponsored by AstraZeneca (AZN) in collaboration with Daiichi Sankyo. The study, which is being conducted under an FDA-approved Investigational Device Exemption application, held by GRAIL, leverages GRAIL's targeted methylation platform to detect ctDNA. With GRAIL's blood-only approach, tissue analysis and bespoke panel development are not required, enabling simple integration into pharmaceutical clinical trial workflows. In TROPION-Lung12, patients will be screened with the GRAIL assay prior to surgery to inform eligibility for post-surgery randomization to an adjuvant treatment regimen (NCT06564844). Assay performance was previously reported in the Journal of Thoracic Oncology and presented at the 2023 North America Conference on Lung Cancer.
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LAZ | Hot Stocks16:02 EST Lazard expands private capital advisory business on west coast - Lazard announced that Jennifer Tedesko joined the firm as a Managing Director within the Private Capital Advisory business, based in San Francisco. Jen will focus on originating and advising on private equity secondary opportunities. In addition, the firm will add a Director focused on private equity distribution and recently transferred a PCA professional from the firm's London office, who will focus on private equity transaction management. With these additions, Lazard continues its commitment to the West Coast - San Francisco and Los Angeles - as the second largest U.S. hub advising private equity clients in the primary fundraising and secondary markets.
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ACET | Hot Stocks16:01 EST Adicet Bio opens enrollment for ADI-270 phase 1 clinical trial in ccRCC - The company states: "Adicet Bio announced the opening of enrollment for the Phase 1 clinical trial evaluating ADI-270 in patients with metastatic/advanced clear cell renal cell carcinom, or ccRCC." "Solid tumors represent one of the highest unmet medical needs in oncology and have yet to benefit from the breakthroughs observed with CAR T cell therapies in hematologic malignancies. Emerging data from ADI-270, our armored allogeneic 'off the shelf' gamma delta 1 CAR T cell therapy targeting CD70 positive cancers, have shown potential in addressing this gap," said Chen Schor, President and Chief Executive Officer. "At the recent ASGCT conference, we presented preclinical data in which ADI-270 demonstrated significant tumor infiltration, resistance to the immunosuppressive tumor microenvironment, and potent activity via CAR and innate-mediated targeting, highlighting its potential for treating solid tumors. We look forward to enrolling patients and anticipate sharing preliminary clinical data from the trial in the first half of 2025."
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NVDA | Hot Stocks15:50 EST Nvidia opens BioNeMo to scale digital biology for global biopharma - Nvidia announced that global pharmaceutical and techbio industry leaders, academic pioneers and AI researchers are adopting the open-source NVIDIA BioNeMo Framework to advance drug discovery and accelerate molecule design. Researchers require specialized biomolecular models and datasets that allow them to gather insights at scale to design therapeutics faster. The open-source BioNeMo Framework offers a collection of accelerated computing tools designed to exponentially scale AI models for biomolecular research, bringing a new level of supercomputing to biopharma. "The convergence of AI, accelerated computing and expanding datasets offers unprecedented opportunities for the pharmaceutical industry, as evidenced by recent Nobel Prize wins in chemistry," said Kimberly Powell, vice president of healthcare at NVIDIA. "To help unravel the complexities of biological systems, we've introduced the open-source BioNeMo Framework, which will enable researchers worldwide to accelerate the development of life-saving treatments."
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NVDA... | Hot Stocks15:49 EST Nvidia working with Google to accelerate design of next-gen quantum computing - Nvidia (NVDA) announced it is working with Google Quantum AI (GOOG) to accelerate the design of its next-generation quantum computing devices using simulations powered by the NVIDIA CUDA-Q platform. Google Quantum AI is using the hybrid quantum-classical computing platform and the NVIDIA Eos supercomputer to simulate the physics of its quantum processors. This will help overcome the current limitations of quantum computing hardware, which can only run a certain number of quantum operations before computations must cease, due to what researchers call "noise." "The development of commercially useful quantum computers is only possible if we can scale up quantum hardware while keeping noise in check," said Guifre Vidal, research scientist from Google Quantum AI. "Using NVIDIA accelerated computing, we're exploring the noise implications of increasingly larger quantum chip designs."
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BKKT DJT | Hot Stocks15:49 EST Bakkt continues rising, up 162% after FT report on Trump Media takeover talks
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NVDA | Hot Stocks15:48 EST Nvidia announces ALCHMI NIM microservice for sustainable materials research - Nvidia announced the ALCHEMI NIM microservice that accelerates sustainable materials research by optimizing AI inference for chemical simulations that could lead to more efficient and sustainable materials to support the renewable energy transition. NVIDIA also plans to release NIM microservices that can be used to simulate the manufacturability of novel materials - to determine how they might be brought from test tubes into the real world in the form of batteries, solar panels, fertilizers, pesticides and other essential products that can contribute to a healthier, greener planet.
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NKTR | Hot Stocks15:46 EST Nektar presents preclinical data on NKTR-422 at ACR conference - Nektar announced its oral presentation highlighting preclinical data on NKTR-422 at the 2024 American College of Rheumatology, or ACR, conference, being held in Washington, D.C. from November 14-19. NKTR-422 is a novel modified hematopoietic colony stimulating factor, or CSF, protein engineered to selectively modulate resolution processes of inflammation by targeting the expansion, reprograming and activation of anti-inflammatory tissue resident macrophages. Currently approved inflammatory disease therapies are not designed to achieve inflammation resolution or tissue repair, which are both required for remission.1 Nektar has identified a CSF-1R agonist with a differentiated pharmacokinetic, or PK, /pharmacodynamic, or PD, profile compared to the native CSF-1 cytokine. Reduced clearance enables sustained PD activity from a single dose, unlike historical multiple dose per day necessary regimens of recombinant human CSF-1 administration. This CSF-1R agonist, NKTR-422, demonstrated inflammation resolution and tissue repair markers induction in tissue resident macrophages without induction of monocytosis and enhanced the efficacy of inflammatory cytokine blockade in rodent models.
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NVDA | Hot Stocks15:46 EST Nvidia announces availability of H200 NVL PCIe GPU - During the Supercomputing 2024 conference, Nvidia announced the availability of the NVIDIA H200 NVL PCIe GPU - the latest addition to the Hopper family. H200 NVL is ideal for organizations with data centers looking for lower-power, air-cooled enterprise rack designs with flexible configurations to deliver acceleration for every AI and HPC workload, regardless of size. Complementing the raw power of the H200 NVL is NVIDIA NVLink technology. The latest generation of NVLink provides GPU-to-GPU communication 7x faster than fifth-generation PCIe - delivering higher performance to meet the needs of HPC, large language model inference and fine-tuning. The NVIDIA H200 NVL is paired with powerful software tools that enable enterprises to accelerate applications from AI to HPC. It comes with a five-year subscription for NVIDIA AI Enterprise, a cloud-native software platform for the development and deployment of production AI. NVIDIA AI Enterprise includes NVIDIA NIM microservices for the secure, reliable deployment of high-performance AI model inference.
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NVDA | Hot Stocks15:45 EST Nvidia releases cuPyNumeric accelerated computing library - Nvidia said that with the NVIDIA cuPyNumeric accelerated computing library, researchers can now take their data-crunching Python code and effortlessly run it on CPU-based laptops and GPU-accelerated workstations, cloud servers or massive supercomputers. The faster they can work through their data, the quicker they can make decisions about promising data points, trends worth investigating and adjustments to their experiments. "To make the leap to accelerated computing, researchers don't need expertise in computer science," the company said. "They can simply write code using the familiar NumPy interface or apply cuPyNumeric to existing code, following best practices for performance and scalability. Once cuPyNumeric is applied, they can run their code on one or thousands of GPUs with zero code changes."
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NVDA | Hot Stocks15:44 EST Nvidia announces new NIM microservices for climate change modeling simulation - Nvidia announced two new NVIDIA NIM microservices that can accelerate climate change modeling simulation results by 500x in NVIDIA Earth-2. Earth-2 is a digital twin platform for simulating and visualizing weather and climate conditions. The new NIM microservices offer climate technology application providers advanced generative AI-driven capabilities to assist in forecasting extreme weather events. NVIDIA NIM microservices help accelerate the deployment of foundation models while keeping data secure. NVIDIA is releasing the CorrDiff NIM and FourCastNet NIM microservices to help weather technology companies more quickly develop higher-resolution and more accurate predictions. The NIM microservices also deliver leading energy efficiency compared with traditional systems.
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NVDA | Hot Stocks15:43 EST Nvidia announces NVIDIA Omniverse Blueprint - Nvidia announced an NVIDIA Omniverse Blueprint that enables industry software developers to help their computer-aided engineering customers in aerospace, automotive, manufacturing, energy and other industries create digital twins with real-time interactivity. Software developers such as Altair, Ansys, Cadence and Siemens can use the NVIDIA Omniverse Blueprint for real-time computer-aided engineering digital twins to help their customers drive down development costs and energy usage while getting to market faster. The blueprint is a reference workflow that includes NVIDIA acceleration libraries, physics-AI frameworks and interactive physically based rendering to achieve 1,200x faster simulations and real-time visualization. "We built Omniverse so that everything can have a digital twin," said Jensen Huang, founder and CEO of NVIDIA. "Omniverse Blueprints are reference pipelines that connect NVIDIA Omniverse with AI technologies, enabling leading CAE software developers to build groundbreaking digital twin workflows that will transform industrial digitalization, from design and manufacturing to operations, for the world's largest industries."
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NVDA... | Hot Stocks15:42 EST Nvidia CEO Huang says AI will drive scientific breakthroughs - During its SC24 Special Address in Atlanta, Nvidia (NVDA) announced a wave of AI and supercomputing tools set to revolutionize industries like biopharma and climate science. The announcements, delivered by Nvidia founder and CEO Jensen Huang and Vice President of Accelerated Computing Ian Buck, are rooted in the company's deep history in transforming computing, the company said. "Supercomputers are among humanity's most vital instruments, driving scientific breakthroughs and expanding the frontiers of knowledge," Huang said. "Twenty-five years after creating the first GPU, we have reinvented computing and sparked a new industrial revolution." Nvidia's journey in accelerated computing began with CUDA in 2006 and the first GPU for scientific computing, Huang said. At SC24, Nvidia announced the new cuPyNumeric library, a GPU-accelerated implementation of NumPy, designed to supercharge applications in data science, machine learning and numerical computing. Nvidia also unveiled the NVIDIA Omniverse Blueprint for real-time computer-aided engineering digital twins, a reference workflow designed to help developers create interactive digital twins for industries like aerospace, automotive, energy and manufacturing. In addition, in partnership with Google (GOOG), Nvidia's CUDA-Q now powers detailed dynamical simulations of quantum processors, reducing weeks-long calculations to minutes. With the open-source release of BioNeMo Framework, NVIDIA is advancing AI-driven drug discovery as researchers gain powerful tools tailored specifically for pharmaceutical applications. The company also announced two new microservices - CorrDiff NIM and FourCastNet NIM - to accelerate climate change modeling and simulation results by up to 500x in the NVIDIA Earth-2 platform. As demand for AI systems like the Blackwell supercomputer grows, NVIDIA is scaling production through new Foxconn facilities in the U.S., Mexico and Taiwan. NVIDIA also announced the general availability of the NVIDIA H200 NVL, a PCIe GPU based on the NVIDIA Hopper architecture optimized for low-power, air-cooled data centers.
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VZ | Hot Stocks15:40 EST Verizon congratulates FCC Commissioner Carr on being named next Chairman - Hans Vestberg, Verizon, chairman and CEO, stated: "Verizon congratulates FCC Commissioner Brendan Carr on being named the next Chairman of the Federal Communications Commission. Commissioner Carr has been a champion for policy approaches that unleash robust investment and deployment in next-generation broadband networks that benefit all Americans. During his years on the FCC, Commissioner Carr has shown that he understands how policies and regulations affect investment decisions and has pursued approaches that benefit American consumers and American competitiveness. He has also championed smart spectrum policies, and has consistently recognized the huge stakes in ensuring that the wireless industry has access to the robust pipeline of spectrum that is so essential to the United States' global wireless leadership. We look forward to continuing a productive working relationship with Mr. Carr and his FCC colleagues as they pursue smart, forward-looking telecom and technology policies that will make a huge impact on American consumers and the American economy for years to come."
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SBGI | Hot Stocks15:40 EST Sinclair congratulates Brendan Carr on appointment as Chairman of FCC - Sinclair, Inc. President and CEO Chris Ripley issued the following statement in response to the announcement that Commissioner Brendan Carr will be named Chairman of the Federal Communications Commission: "Congratulations to Commissioner Carr on being named the next Chairman of the Federal Communications Commission. We look forward to working with him to strengthen local broadcasting by leveling the playing field and removing regulatory roadblocks that needlessly hamper investment, innovation and competition."
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MSTR | Hot Stocks15:36 EST MicroStrategy acquired 51,780 bitcoins for about $4.6B from Nov. 11-17 - In a regulatory filing earlier, MicroStrategy announced that, during the period between November 11 and November 17, the company acquired approximately 51,780 bitcoins for approximately $4.6B in cash, at an average price of approximately $88,627 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of shares under the sales agreement that was previously announced. As of November 17, the company, together with its subsidiaries, held an aggregate of approximately 331,200 bitcoins, which were acquired at an aggregate purchase price of approximately $16.5B and an average purchase price of approximately $49,874 per bitcoin, inclusive of fees and expenses. As previously disclosed, on October 30, the company entered into a Sales Agreement with TD Securities, Barclays Capital, The Benchmark Company, BTIG, Canaccord Genuity, Cantor Fitzgerald, Maxim Group, Mizuho Securities and SG Americas Securities, as agents, pursuant to which the company may issue and sell shares of its class A common stock, having an aggregate offering price of up to $21B from time to time through the sales agents. On November 18, the company announced that, during the period between November 11 and November 17, the company had sold an aggregate of 13,593,865 shares under the sales agreement for aggregate net proceeds to the company less sales commissions of approximately $4.6B. As of November 17, approximately $15.3B of shares remained available for issuance and sale pursuant to the sales agreement. Reference Link
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BKKT DJT | Hot Stocks15:24 EST Bakkt up 48% after FT report about takeover talks with Trump Media
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BKKT | Hot Stocks15:24 EST Bakkt Holdings trading resumes
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BKKT | Hot Stocks15:18 EST Bakkt Holdings trading halted, volatility trading pause
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LLY | Hot Stocks14:54 EST Lilly's muvalaplin lowered lipoprotein(a) levels in adults in Phase 2 trial - Eli Lilly and Company announced "positive" Phase 2 results for muvalaplin, an investigational once-daily, orally administered selective inhibitor of lipoprotein(a), or Lp(a), a genetically inherited risk factor for heart disease. The study demonstrated that muvalaplin significantly reduced elevated Lp(a) levels in adults, meeting its primary endpoint of percent change in Lp(a) from baseline to week 12. At the 12-week primary endpoint, muvalaplin showed significant reductions in Lp(a) levels compared to placebo. The placebo-adjusted reductions were up to 85.8% using an intact Lp(a) assay and up to 70.0% using an apo(a) assay. Specifically, the reductions were 47.6% at 10 mg, 81.7% at 60 mg and 85.8% at 240 mg with the intact Lp(a) assay, and 40.4% at 10 mg, 70.0% at 60 mg and 68.9% at 240 mg with the apo(a) assay. "While injectable approaches for Lp(a) are currently in Phase 3 development, including Lilly's own lepodisiran program, these are the first positive Phase 2 data for an oral approach," said Ruth Gimeno, Ph.D., group vice president, Diabetes and Metabolic Research, Lilly Research Laboratories. "We are very pleased to see these promising results and look forward to further exploring next steps for muvalaplin."
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BWA | Hot Stocks14:53 EST BorgWarner VP Demmerle sells $748K in company shares - VP of BorgWarner Stefan Demmerle disclosed the sale of 21,500 shares of company stock on November 14 at $34.79 per share for a total transaction amount of $748,077.
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SLN | Hot Stocks14:33 EST Silence Therapeutics presents late-breaking Phase 2 zerlasiran data at AHA - Silence Therapeutics presented end-of-treatment data from its Phase 2 ALPACAR-360 study of zerlasiran, a short interfering RNA, or siRNA, in atherosclerotic cardiovascular disease, or ASCVD, patients with high lipoprotein(a) levels. These data were presented during the Late-Breaking Science Session of the American Heart Association, or AHA, Scientific Sessions 2024 in Chicago, Illinois, and simultaneously published in the Journal of the American Medical Association, or JAMA. "Results presented today showed that zerlasiran - 300 mg every 16 weeks, 300 mg every 24 weeks or 450 mg every 24 weeks - produced greater than 80% mean time-averaged placebo-adjusted reductions from baseline in Lp(a) concentrations over 36 weeks. This is the first study to report time-averaged Lp(a) analyses, which more accurately evaluates the effects of treatment over time, including intervals between doses. Maximum Lp(a) reductions exceeded 90%. At the final visit, 60 weeks following initial drug administration, reductions in Lp(a) persisted and no safety concerns emerged with infrequent dosing," the company stated. "Additional results from the ALPACAR-360 study continue to support the competitive profile of zerlasiran on key clinical endpoints assessing time-averaged reduction, maximum effect and tolerability. The Phase 2 data show zerlasiran has the potential to provide long term reductions in Lp(a) with infrequent dosing. We look forward to progressing zerlasiran into Phase 3 as a potentially promising new treatment for patients with high Lp(a)," said Curtis Rambaran, MD, Chief Medical Officer at Silence.
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NVT NVDA | Hot Stocks14:14 EST nVent Electric collaborating with Nvidia on AI-ready liquid cooling solutions - nVent Electric (NVT) announced that it is collaborating with Nvidia (NVDA) to deploy liquid cooling solutions at scale supporting the NVIDIA GB200 NVL72 and next-generation platforms. "The collaboration is expected to deliver cutting-edge, built-to-spec liquid cooling technology to enhance the performance and energy efficiency of NVIDIA-powered data centers. nVent is a leader in liquid cooling, providing resilient and sustainable solutions for the next generation of computing supporting AI demand. nVent is contributing to active development programs with hyperscale and high-performance computing - HPC - customers, delivering customized liquid cooling solutions that support NVIDIA NVL36 and NVL72 deployments. nVent worked with NVIDIA to define a reference architecture that utilizes nVent's coolant distribution unit, liquid-to-air heat exchanger and manifold products. This helps data center designers save time during design and implementation, while delivering the capability to cool high-compute-density data centers," the company stated.
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QXO BECN | Hot Stocks13:54 EST QXO jumps 9% to $16.86 after WSJ report of Beacon takeover bid
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BECN QXO | Hot Stocks13:53 EST Beacon jumps 12% to $110.40 after WSJ says QXO made takeover bid
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TPC PSN | Hot Stocks13:50 EST Tutor Perini - O&G joint venture awarded $1.18B AirTrain Newark contract - Tutor Perini (TPC) announced that the company, in a joint venture with O&G Industries, has been awarded a contract valued at $1.18B by the Port Authority of New York and New Jersey for the AirTrain Newark Replacement Program - Guideway and Stations Project at Newark Liberty International Airport in New Jersey. The scope of work includes design and construction of a 2.5-mile elevated, automated people mover train system with three stations that will replace the existing AirTrain, which has been in operation since 1996. Tutor Perini is the managing partner in the joint venture with O&G serving as a 25% partner. Parsons Corporation (PSN) will serve as the joint venture's lead design subcontractor for the project, Tutor Perini stated.
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F | Hot Stocks13:40 EST NHTSA probing over half million Fords for loss of engine power, seatbealts - The National Highway Traffic Safety Administration said it opened an investigation into 456,565 Ford Bronco Sports and Ford Mavericks for loss of engine power accompanied by complete electrical system failure. The agency also opened an investigation into 112,567 2019-2020 Expeditions over alleged seat belt retractor pretensioner inadvertent deployment, resulting in loss of seat belt pretensioner protection and seat belt remaining in a locked position.
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HLIT | Hot Stocks13:21 EST Romanesque Capital supports sale Harmonic to maximize value - Romanesque Capital Management, a long-term shareholder of Harmonic, issued a statement regarding its support of a strategic review aimed at a sale to maximize shareholder value, that reads: "We have long held high conviction in Harmonic's market leading products, valuable partnerships and disruptive innovation, having been invested since 2016. Despite these tailwinds, the company has been unable to realize value in its stock price. This is why we were extremely encouraged to review Ancora Holdings' presentation outlining its analysis of the value opportunity at Harmonic and are in full support of the investor's recommendations. As a long-term shareholder, we have frequently shared similar concerns with leadership regarding the disconnect between the company's stock price and its impressive fundamentals. It's been our view that Harmonic should be part of a larger organization where synergies could be realized. We sincerely hope management and the board of directors begin to listen to shareholder feedback and initiate a review aimed at a value-maximizing sale."
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PBR | Hot Stocks13:10 EST Petrobras trading resumes
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AMD HPE | Hot Stocks13:03 EST AMD says 'thrilled to see' El Capitan become fastest supercomputer in the world - AMD (AMD) says the company "showcased its ongoing high performance computing," or HPC, leadership at Supercomputing 2024 by powering the world's fastest supercomputer for the sixth straight Top500 list. "The El Capitan supercomputer, housed at Lawrence Livermore National Laboratory, powered by AMD Instinct MI300A APUs and built by Hewlett Packard Enterprise (HPE), is now the fastest supercomputer in the world with a High-Performance Linpack score of 1.742 exaflops based on the latest Top500 list. Both El Capitan and the Frontier system at Oak Ridge National Lab claimed numbers 18 and 22, respectively, on the Green500 list, showcasing the impressive capabilities of the AMD EPYC processors and AMD Instinct GPUs to drive leadership performance and energy efficiency for HPC workloads," AMD stated. "We are thrilled to see El Capitan become the second AMD powered supercomputer to break the exaflop barrier and become the fastest supercomputer in the world. Showcasing the incredible performance and efficiency of the AMD Instinct MI300 APUs, this groundbreaking machine is a testament to the dedicated work between AMD, LLNL and HPE. At AMD, we are driving the future of computing with leadership performance and capabilities that will continue to define the convergence of HPC and AI for years to come," added Forrest Norrod, executive vice president and general manager, AMD.
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CBRL | Hot Stocks12:49 EST Cracker Barrel urges holders to back company's director nominees - Cracker Barrel Old Country Store urgers shareholders to vote the universal White proxy card "FOR ONLY" Cracker Barrel's 10 recommended director nominees "to protect the value of their investment; continue the momentum of the Company's strategic transformation plan; and ensure Cracker Barrel remains a beloved and relevant restaurant brand for many years to come." The Annual Meeting of Shareholders will be on November 21 and shareholders on record as of September 27 are entitled to vote at the meeting, the company noted.
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CBRL | Hot Stocks12:49 EST Cracker Barrel urges holders to back company's director nominees - Cracker Barrel Old Country Store urgers shareholders to vote the universal White proxy card "FOR ONLY" Cracker Barrel's 10 recommended director nominees "to protect the value of their investment; continue the momentum of the Company's strategic transformation plan; and ensure Cracker Barrel remains a beloved and relevant restaurant brand for many years to come." The Annual Meeting of Shareholders will be on November 21 and shareholders on record as of September 27 are entitled to vote at the meeting, the company noted.
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PBR | Hot Stocks12:47 EST Petrobras announces 2025-2029 business plan proposal - Petrobras announced that the proposal for the 2025-2029 business plan was deliberated by its Executive Board. The proposal for the 2025-2029 business plan that will be considered by the board foresees, for the company's next five-year cycle: Total investments of $ 111B, with $77B in the exploration and production segment, total production projection of 3.2M barrels of oil and gas equivalent per day; Projection of ordinary dividends with a range starting at $45B and flexibility for extraordinary payments of up to $10B during the plan period.
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OKLO... | Hot Stocks12:46 EST Oklo rises after board member Wright tapped to lead Trump's DOE - Shares of Oklo (OKLO) are trading higher on Monday after President-elect Donald Trump on Saturday selected Liberty Energy (LBRT) CEO Chris Wright to lead the Department of Energy as the next energy secretary of the United States. In addition to being the head of Liberty Energy, an oilfield services company headquartered in Denver, Wright serves on the board of Oklo, a nuclear power startup backed by OpenAI CEO Sam Altman that is developing "next-generation fission powerhouses to produce abundant, affordable, clean energy at a global scale." Wright also currently serves on the board for EMX Royalty (EMX), according to his profile on Oklo's website. In Monday afternoon trading, shares of Oklo are up $3.49, or 19%, to $21.49. Reference Link
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PBR | Hot Stocks12:36 EST Petrobras trading halted, news pending
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CSCO MGM | Hot Stocks12:14 EST Cisco signs whole portfolio agreement with MGM Resorts - Cisco (CSCO) and MGM Resorts (MGM) announced that the companies have signed a whole portfolio agreement "empowering MGM Resorts with the majority of Cisco's software portfolio." This includes cybersecurity, software defined networking, software defined-WAN, digital experience assurance, full-stack observability, data center and services. The agreement spans 5.5 years. "The agreement will enable the automation of MGM Resort's network. This will pave the way for future location services and next-generation machine learning applications in the gaming and hospitality industry, unlocking new channels of guest engagement. Additionally, Cisco technology will ensure uptime and security-essential for the delivery of exceptional guest experiences in its 24/7 operations," the companies said.
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NFLX | Hot Stocks12:13 EST Netflix says Beyonce to perform at halftime during NFL Chrstimas Day game - Netflix announced that Beyonce will take the field as the halftime performer during NFL Christmas Gameday, streaming live on Netflix on Wednesday, December 25. The performance will take place during the second of Netflix's two Christmas Day games, as the Houston Texans host the Baltimore Ravens at NRG Stadium at 4:30 PM ET. In case you missed it, Netflix is the global home of the NFL's two Christmas Day marquee games: The Super Bowl LVII-winning Kansas City Chiefs will face the Pittsburgh Steelers live on Netflix at 1p.m. ET; then at 4:30 PM ET, the Baltimore Ravens will take on the Houston Texans. In keeping with the NFL's long-standing holiday tradition, the Netflix Christmas Day games will air on broadcast TV in the competing team cities and be available on U.S. mobile devices with NFL+. With Netflix and Beyonce, the NFL kicks off what is expected to be a new holiday tradition, as Netflix has also announced NFL games for 2025 and 2026, the company said. Reference Link
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TVTX | Hot Stocks12:02 EST MHRA approves Travere's sparsentan to treat adults with primary IgAN - The U.K.'s Medicines and Healthcare products Regulatory Agency has approved Travere Therapeutics' medicine sparsentan, or Filspari, to treat primary immunoglobulin A nephropathy. IgA neuropathy, also known as Berger's disease, is a kidney disease that occurs when an antibody called immunoglobulin A builds up in your kidneys. Sparsentan was approved under the International Recognition Procedure, following route B. The active ingredient in Filspari, sparsentan, works by blocking the receptors for two hormones called endothelin and angiotensin. Endothelin and angiotensin play a role in regulating processes in the kidney such as inflammation that lead to progression of kidney damage. By blocking these receptors, Filspari lowers the amount of protein that leaks into the urine, and thereby helps to slow down progression of the disease
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SMR | Hot Stocks12:00 EST Nuscale Power rises 15.3% - Nuscale Power is up 15.3%, or $3.51 to $26.52.
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OKLO | Hot Stocks12:00 EST Oklo rises 19.9% - Oklo is up 19.9%, or $3.58 to $21.58.
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AKA | Hot Stocks12:00 EST a.k.a. Brands rises 20.3% - a.k.a. Brands is up 20.3%, or $3.48 to $20.63.
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DUST | Hot Stocks12:00 EST Direxion Daily Gold Miners Bear 3X ETF falls -8.9% - Direxion Daily Gold Miners Bear 3X ETF is down -8.9%, or -$5.89 to $59.94.
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JDST | Hot Stocks12:00 EST Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -11.2% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is down -11.2%, or -$3.37 to $26.80.
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IONQ | Hot Stocks12:00 EST IonQ falls -16.9% - IonQ is down -16.9%, or -$4.92 to $24.22.
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BBIO | Hot Stocks11:25 EST BridgeBio reports open-label extension data on acoramidis in ATTR-CM - BridgeBio Pharma presented initial outcomes from the ATTRibute-CM open-label extension study of acoramidis in ATTR-CM at the American Heart Association Scientific Sessions. ATTRibute-CM was designed to evaluate the efficacy and safety of acoramidis, an investigational, near-complete, orally-administered, small molecule stabilizer of TTR. The preliminary results from this ongoing OLE study were also simultaneously published in Circulation. The OLE study involves 330 participants who completed the 30-month ATTRibute-CM Phase 3 study. Key initial results from the OLE study, presented by Dr. Judge at AHA, show that continuous treatment with acoramidis led to: A confirmed sustained improvement relative to placebo in time to first event starting at Month 3 in ATTRibute-CM; A statistically significant reduction in ACM alone of 36% by Month 36 and 34% by Month 42, as assessed by the Stratified Cox proportional hazards model; A significant reduction of composite ACM and CVH by 46% at Month 36 and 48% at Month 42 as assessed by negative binomial regression, building upon the previously presented 42% reduction at Month 30 in ATTRibute-CM; Evidence of early benefit in patients who crossed over from placebo to acoramidis after Month 30 as compared to extrapolated placebo curve reinforces the early separation seen previously in ATTRibute-CM; Acoramidis continues to be well tolerated, with no new clinically significant safety signals identified in this long-term evaluation. The OLE data build on previously reported results from ATTRibute-CM in which acoramidis demonstrated clinically important treatment effects on mortality, CVH, and quality of life, further supporting that greater transthyretin stabilization can improve clinical outcomes for patients. This included a 50% reduction in the cumulative frequency of CVH relative to placebo at Month 30.
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META | Hot Stocks11:22 EST India's competition regulator imposes $25.4M fine on Meta Platforms - In a press release, the Competition Commission of India said, "The Competition Commission of India imposed a penalty of Rs. 213.14 crore on Meta for abusing its dominant position. This relates to how WhatsApp's 2021 Privacy Policy was implemented and how user data was collected and shared with other Meta companies. The Commission also issued cease-and-desist directions and also directed Meta and WhatsApp to implement certain behavioural remedies within a defined timeline. In this matter, the Commission delineated two relevant markets i.e., the market for OTT messaging apps through smartphones in India; and the market for online display advertising in India. Further, Meta Group operating through WhatsApp was found to be dominant in the market for OTT messaging apps through smartphones in India. Furthermore, it was also found that Meta holds a leading position compared to its competitors in the online display advertising in India. Starting from January 2021, WhatsApp notified users about updates to its terms of service and privacy policies. The in-app notification stated that, effective 08.02.2021, users were required to accept these terms, including expanded scope of data collection as well as mandatory data sharing with Meta companies, to continue using WhatsApp. Under the previous privacy policy dated 25.08.2016, WhatsApp users were given the option to decide whether they wanted to share their data with Facebook. However, with the latest policy update in 2021, WhatsApp made data sharing with Meta mandatory for all users, removing the earlier option to opt out. As a result, users had to accept the new terms, which include data sharing with Meta, in order to continue using the platform. The Commission has concluded that the 2021 policy update by WhatsApp on a 'take-it-or-leave-it' basis constitutes an imposition of unfair condition under the Act, as it compels all users to accept expanded data collection terms and sharing of data within Meta Group without any opt out. Given the network effects and lack of effective alternatives, the 2021 Update forces users to comply, undermining their autonomy, and constitutes an abuse of Meta's dominant position. Accordingly, the Commission finds that Metahas contravened Section 4(2)(a)(i) of the Act." Reference Link
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BAESY | Hot Stocks11:20 EST BAE Systems announces $202M in U.S. Navy contracts - BAE Systems has received $202M in U.S. Navy contracts to provide modernization and maintenance services aboard the guided missile destroyer USS Laboon and the amphibious assault ship USS Wasp, the company announced. BAE Systems shipyard personnel and their subcontractor teammates will begin working aboard both ships next February and March, respectively.
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AILE | Hot Stocks11:13 EST iLearningEngines announces loss of $250,000 in cyberattack - In a regulatory filing, the company said, "iLearningEngines recently became aware of a cybersecurity incident. The ongoing investigation has revealed that a threat actor illegally accessed the Company's environment and certain files on its network, misdirected a $250,000 wire payment, and deleted a number of email messages. The wire payment has not been recovered. When it learned of the incident, which has been contained, the Company activated its cybersecurity response plan and launched an internal investigation. The Company engaged a nationally recognized forensic firm and other external advisors to assess and remediate the unauthorized activity. The Company's ongoing investigation and response include continued assessment of impacted systems and data. The Company has incurred, and may continue to incur, certain expenses related to its response to this incident. Based on the information available to date, the Company believes that the cybersecurity incident will have a material impact on its operations during the quarter ended December 31, 2024 but does not expect the incident to have a material impact on full year 2024 results. The Company remains subject to various risks due to the incident, including diversion of management's attention, potential litigation, changes in customer or investor behavior, and regulatory scrutiny."
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MNK | Hot Stocks11:09 EST Mallinckrodt presents data on Terlivaz for injection in patients with HRS - Mallinckrodt announced a poster presentation on TERLIVAZ for injection in patients with hepatorenal syndrome with rapid reduction in kidney function at The Liver Meeting, the annual meeting of the American Association for the Study of Liver Diseases, taking place in San Diego, CA, from November 15-19, 2024. TERLIVAZ is an FDA-approved product indicated to improve kidney function in adults with HRS with rapid reduction in kidney function, an acute and life-threatening condition requiring hospitalization. HRS involving rapid reduction in kidney function is estimated to affect more than 42,000 Americans annually, approximately 0.01% of the U.S. population, making it a very rare condition; and rates of hospitalizations are increasing. The poster presentation includes a pooled patient cohort analysis from the CONFIRM, REVERSE, and OT-0401 Phase 3 studies of TERLIVAZ.5 The research evaluated HRS reversal among patients on Day 4 after 12 doses of TERLIVAZ. TERLIVAZ treatment is recommended at a dose of 1 mg every six hours for up to 14 days, which can be escalated on Day 4 to 2 mg every six hours if the patient's serum creatinine has decreased from baseline but by less than 30%.5 In the analysis, most patients who achieved HRS reversal by the end of treatment required continuation of therapy beyond Day 4. The rate of HRS reversal by the end of treatment was 33.6% in the TERLIVAZ group and 16.8% in the placebo group. Most patients who achieved HRS reversal with TERLIVAZ received greater than12 doses, and 5.1% received less than or equal to12 doses before discontinuation. There appeared to be significantly more patients who achieved HRS reversal in the TERLIVAZ group who received greater than12 doses, but not among those who received less than or equal to12 doses; however, based on the design of the analysis, statistical methodology did not control for confounding variables, thus the p-values are nominal. The limitations of this study include, but are not limited to, small sample sizes, variables in methodology, and possible errors and omissions within the data sets.
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AZLGF | Hot Stocks11:06 EST Azelis to acquire 100% of Haarla Oy, terms not disclosed - Azelis signed an agreement to acquire 100% of the shares of Haarla Oy, a specialty distributor of food ingredients and industrial chemicals based in Finland. Haarla Oy has a well-established position in the food ingredients market and across various industrial chemicals segments, and its product portfolio strategically enhances Azelis' lateral value chain, reinforcing its footprint in Life Sciences and Industrial Chemicals in the Nordics. Haarla Oy brings a diversified base of over 300 customers and longstanding business relationships with renowned principals, which complements Azelis' own set of principal partnerships for the region. Founded in 1962 by the Haarla family, and headquartered in Tampere, Finland, the company employs 31 staff, including experienced sales and technical teams. The transaction is expected to close by the end of 2024, after fulfillment of customary closing conditions.
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RCKT | Hot Stocks11:05 EST Rocket Pharmaceuticals announces publication of Phase 1 RP-A501 long-term data - Rocket Pharmaceuticals presented long-term safety and efficacy results from the Phase 1 RP-A501 study which showed that RP-A501 was generally well tolerated and all evaluable Danon disease patients demonstrated LAMP2 protein expression at 12 months and reduction of left ventricular mass index by greater than or equal to10% at 12 months after treatment. These data were presented today at a Late-Breaking Scientific session at the American Heart Association Scientific Sessions 2024, published in The New England Journal of Medicine and discussed on a company webinar today at 12:00 p.m. ET. The safety and preliminary efficacy of RP-A501 was evaluated in a single-arm, open-label, multi-center Phase 1 study in male patients with Danon disease. Five patients were treated with the low dose and 2 adult/adolescent patients were treated with the high dose. Data from the Phase 1 study showed that RP-A501 in conjunction with a transient immunomodulatory regimen was generally well tolerated. Most adverse events were mild or moderate in severity, assessed as not related to RP-A501, and non-serious. All RP-A501 or immunomodulatory regimen-related AEs were manageable or reversible. One patient had worsening heart failure at baseline attributed to Danon disease and required heart transplantation for cardiomyopathy progression five months after receiving RP-A501. Evidence of sustained clinically meaningful improvement was observed in pediatric patients followed up to 24 months and adult/adolescent patients followed up to 60 months. All evaluable patients in the Phase 1 trial demonstrated: Cardiac LAMP2 protein expression at 12 months and thereafter; Reduction or stabilization of LV mass index - the median reduction from baseline to most recent visit of 24%; Preservation of normal LV ejection fraction; Reduction or stabilization of cardiac biomarkers; Improvement in New York Heart Association class from Class II at baseline to Class I at most recent follow-up visit; NYHA Class I reflects the absence of clinical signs of heart failure; Improvements in Kansas City Cardiomyopathy Questionnaire quality-of-life scores that persisted up to 54 months of follow-up; and Preliminary long-term follow-up assessments for Patient 1001 were positive for immunohistochemical staining and appear to show Grade 3 expression in the heart at the five-year timepoint. These are preliminary results with a formal update to be presented at an upcoming medical conference in 2025.
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ESPR | Hot Stocks10:33 EST Esperion highlights exploratory data from CLEAR outcomes trial of Nexletol - Esperion announced the presentation of an analysis from the CLEAR Outcomes study focused on patients with Peripheral Artery Disease who were unable or unwilling to take statin medications. These data were presented today in an oral featured science presentation at the 2024 American Heart Association Scientific Sessions, which took place from November 16-18, 2024, in Chicago, IL. Additionally, two exploratory analyses from the CLEAR Outcomes trial and a real-world analysis of bempedoic acid usage were presented at the conference. Key data presented at the 2024 AHA Scientific Sessions: Featured Science Presentation: "Bempedoic Acid and Limb Outcomes in Statin-Intolerant Patients with Peripheral Artery Disease." - presented on behalf of all authors by Marc P. Bonaca, MD, MPH, FAHA, FACC, CPC Clinical Research: Highlights: This analysis focused on the incidence of major adverse limb events in patients with pre-existing PAD enrolled in the CLEAR Outcomes trial. Bempedoic acid reduced MALE by 36% compared to placebo. Poster Presentations: "Liver Steatosis and Liver Fibrosis Predict Major Adverse Cardiovascular Events: Analysis of the CLEAR Outcomes Trial Population." presented on behalf of all authors by Diederick Grobbee, MD, PhD, FESC, University Medical Center Utrecht and Julius Clinical in The Netherlands. Results suggest bempedoic acid treatment resulted in a lower incidence of major adverse cardiovascular events versus placebo in patients with higher liver steatosis scores at study enrollment. "Statin Intolerance due to Muscle Symptoms Affects Management of Patients: Insights from the CLEAR Outcomes Trial" - presented on behalf of all authors by Ulrich Laufs, MD, PhD, Universitatsklinikum Leipzig, Leipzig Germany, describes the variable characteristics of statin intolerance in patients enrolled in CLEAR Outcomes and their clinical course in the study. "Effectiveness of Lipid-lowering Therapy with Bempedoic Acid plus Ezetimibe in a Real-world Cohort" - presented on behalf of all authors by Evelyn Sarnes, PharmD, Esperion, used US claims data to evaluate the effectiveness of the combination of bempedoic acid plus ezetimibe in reducing or maintaining LDL-C less than100 mg/dL. After 3 months 67% of patients on bempedoic acid and ezetimibe had LDL-C less than100 mg/dL, a significant increase over the 30% at baseline, and by 12 months 55% had maintained LDL-C levels less than100 mg/dL.
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TREX HD | Hot Stocks10:12 EST Trex Company appoints Anand Kangala as CIO - Trex Company (TREX) announced that Dr. Anand Kangala, has joined Trex as its new Vice President and Chief Information Officer. As a member of the Trex leadership team, Dr. Kangala will lead global IT functions and enterprise technology strategy. Most recently, Dr. Kangala served as Senior Director at Home Depot (HD), where he launched a Transformation Management Office and led the digital strategy to build the foundation for interconnected retail vision through advanced technology and data-driven insights.
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DTE | Hot Stocks10:10 EST DTE Energy announces additional $100M investment to rebuild electric grid - DTE Energy announced the construction of three new electric substations as part of the company's ongoing commitment to reducing power outage frequency by 30% while cutting outage time in half by 2029. The new substations will be in Northville Township, Pontiac and Shelby Township and represent a total investment of more than $100 million. The new substations under construction are: Northville Township: $57M investment to build a new substation from 2024 to 2026 to support the expanding technology corridor in Northville Township and Plymouth. Pontiac: $17M investment to build a new substation from 2024 to 2026 to help improve reliability and increase capacity on the southwest side of Pontiac. Shelby Township: $39M investment to build a new substation from 2024 to 2026 to support the growing industrial and commercial demand along 23 and 24 Mile Roads.
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LII | Hot Stocks10:07 EST Lennox enters partnership with Contractor Commerce - Lennox announced a partnership with Contractor Commerce. Through this partnership, Lennox Residential HVAC will provide its Lennox Premier Dealer network with exclusive e-commerce capabilities, including transparent pricing for HVAC systems and filter subscription services that benefit both homeowners and dealers. Contractor Commerce's platform will seamlessly integrate with the Lennox dealer network. Lennox Premier Dealers will be featured prominently on the Lennox Dealer Locator, with direct links for consumers to purchase Lennox filters and subscribe to regular deliveries, ensuring the right filter is available at the right time. Homeowners will also be able to look up system estimates, allowing dealers to display their own individual pricing, enabling consumers to compare options and purchase directly from dealers' websites or online filter stores.
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FUBO | Hot Stocks10:06 EST FuboTV debuts four new interactive CTV ad formats - FuboTV announced the availability of four new interactive Connected TV ad formats to further drive audience ad engagement. The personalized and dynamic experiences, including transactional and gamified ad formats, are part of Fubo's ongoing commitment to ad innovation and overall strategy to connect, interact with and convert premium audiences. The company has continued to expand its available ad formats, launching a suite of new CTV ad units earlier this year including proprietary video formats, The Triple Play and The Marquee. Designed to drive consumer action, interactive ads across streaming platforms have been shown to increase brand awareness by 33% and purchase intent by 47% compared to standard video ads. Fubo's new interactive formats are: Transactional: Video spots are equipped with a custom overlay featuring a QR code that leads to a desired URL and path to purchase. Calls-to-action can be tailored to the creative for a bespoke e-commerce experience. Gamified: Brands can embed themed trivia questions or polls directly into video spots without interrupting the stream. While watching the spot, audiences see a trivia question and can scroll on their remote to select a response then reveal the correct answer. Rotating Carousel: A scrollable carousel featuring products, branding and more allows advertisers to showcase multiple iterations of creative and messaging within one singular ad unit. Viewers press left or right on their remote to advance the carousel while watching the enhanced commercial spot. Geo-locator: Audiences are served real-time, creative tailored to regional geo-locations, making a single video spot more relevant and powerful. Advertisers can promote specific business locations within this high-impact creative overlay, designed custom for each campaign. While watching the brand spot, audiences see the brand's nearest location with the ability to scroll on their remote to see additional nearby locations.
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PENG DELL | Hot Stocks10:04 EST Penguin Solutions enters collaboration with Dell Technologies - Penguin Solutions (PENG) announced its collaboration with Dell Technologies (DELL) to deliver complete AI solutions that accelerate customers' time to value through validated, high-performing AI infrastructure. These end-to-end Penguin OriginAI solutions combine Dell PowerEdge AI-optimized servers, Dell PowerScale storage and Dell PowerSwitch data center switches with Penguin's validated solution architectures. When enhanced by Penguin's ClusterWare intelligent cluster management software and supported by Penguin's expert AI and high-performance computing infrastructure services - GPU cluster deployment and management are simplified while driving increased performance and availability.
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OWLT | Hot Stocks10:00 EST Owlet falls -7.9% - Owlet is down -7.9%, or -37c to $4.30.
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PLTR | Hot Stocks10:00 EST Palantir falls -8.2% - Palantir is down -8.2%, or -$5.39 to $60.38.
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IONQ | Hot Stocks10:00 EST IonQ falls -15.5% - IonQ is down -15.5%, or -$4.52 to $24.62.
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ZK | Hot Stocks10:00 EST Zeekr rises 8.9% - Zeekr is up 8.9%, or $1.81 to $22.15.
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MBI | Hot Stocks10:00 EST MBIA rises 9.3% - MBIA is up 9.3%, or 56c to $6.59.
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VHI | Hot Stocks10:00 EST Valhi rises 13.1% - Valhi is up 13.1%, or $3.16 to $27.29.
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KSCP | Hot Stocks09:52 EST Knightscope Inc trading resumes
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JDST | Hot Stocks09:48 EST Direxion Daily Junior Gold Miners Index Bear 3x Shares falls -7.1% - Direxion Daily Junior Gold Miners Index Bear 3x Shares is down -7.1%, or -$2.13 to $28.04.
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IONQ | Hot Stocks09:48 EST IonQ falls -7.2% - IonQ is down -7.2%, or -$2.09 to $27.05.
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BRC | Hot Stocks09:48 EST Brady falls -10.1% - Brady is down -10.1%, or -$7.50 to $66.72.
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ZETA | Hot Stocks09:47 EST Zeta Global rises 7.9% - Zeta Global is up 7.9%, or $1.39 to $18.97.
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KSCP | Hot Stocks09:47 EST Knightscope Inc trading halted, volatility trading pause
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AMRC | Hot Stocks09:47 EST Ameresco rises 8.5% - Ameresco is up 8.5%, or $2.16 to $27.65.
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HY | Hot Stocks09:47 EST Hyster-Yale Materials rises 8.9% - Hyster-Yale Materials is up 8.9%, or $4.74 to $57.91.
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AMTB | Hot Stocks09:42 EST Amerant Bank appoints Braden Smith as CBDO - Amerant Bank has named Braden Smith as SEVP, Chief Business Development Officer. In this key role, Smith will be responsible for identifying, evaluating, and pursuing business opportunities that align with Amerant's strategic growth objectives for and across all lines of business. In addition, Sharymar Calderon, Amerant Bank's EVP and CFO since May 2023, has been promoted to SEVP. Smith's responsibilities will include developing networks and expanding the bank's influence, establishing and nurturing partnerships, and promoting cross-selling activities across all lines of business to enhance Amerant's market presence. Prior to joining Amerant, Smith most recently led Wintrust Private Client as their Vice Chairman.
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JFBR | Hot Stocks09:41 EST Fort Products enters agreement with digital developer for AI-based app - Jeffs' Brands' Fort Products has entered into an agreement with a digital developer for the development of an innovative AI-based mobile application for pest control solutions offered by Fort. The mobile application will offer users a comprehensive pest control solution, utilizing advanced AI technology for pest identification and tailored treatment recommendations. It is expected that the mobile application will be available to customers during the first half of 2025. Key features of the app will include: AI-Powered Identification: To identify pests and receive instant insights. Personalized Solutions: Recommendations for natural, chemical, and DIY pest control methods. Product Suggestions: Fort-managed recommendations to enhance user outcomes. Cross-Platform Support: Compatible with both iOS and Android devices. Admin Panel: Enables Fort to dynamically manage product offerings.
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CHH | Hot Stocks09:38 EST Choice Hotels announces two new SOAR contracts - Choice Hotels International announced two new contracts as part of its Supporting Ownership Access and Representation program, which aims to help empower and support hotel ownership for underrepresented entrepreneurs. The new contracts - a WoodSpring Suites in Truth or Consequences, New Mexico, and a Rodeway Inn in Effingham, Illinois - are part of the 17 SOAR contracts signed year-to-date. During the first 15 years of the SOAR program, Choice averaged 1 contract per month and has increased that to an average of 2 per month in the last five years. Walter Barela and Brain Resendez of Peak Hospitality, a hotel acquisition and asset management firm, executed a contract to open a WoodSpring Suites in Truth or Consequences, New Mexico. The 82-room hotel is slated to begin construction next year and will cater to the area's wellness-focused and adventure-seeking visitors drawn by attractions like natural hot springs and Spaceport America. Choice is a leader in extended stay, recently opening its 500th property in the category. Extended stay continues to be one of the hottest segments in the hospitality industry with demand continuing to exceed supply. Ben Rohlfing, Amanda Rohlfing, and Bob Schultz executed a conversion contract for Rodeway Inn Effingham in Illinois. Mr. Rohlfing is a former Navy Electrician's Mate Nuclear, and Ms. Rohlfing is a former Army MP. The 49-room Rodeway Inn opened in October and aims to offer affordable lodging for visitors to Effingham's local attractions, including Lake Sara and the Effingham Performance Center. The hotel is located at 1400 Thelma Keller Dr, Effingham, IL 62401.
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UBAB | Hot Stocks09:38 EST United Bancorp Alabama repurchases all common stock held by 401(k) plan - United Bancorporation of Alabama announced that it has completed the repurchase of all of its shares of common stock held by the United Bancorporation of Alabama, Inc. 401(k) Employee Stock Ownership Plan. All 197,717 shares of United common stock held by the KSOP were repurchased at $54.25 per share, for an aggregate purchase price of approximately $10.7 million
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QMMM | Hot Stocks09:37 EST QMMM Holdings Ltd trading resumes
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AILE | Hot Stocks09:37 EST iLearningEngines announces delay in release of Q3 financial results - iLearningEngines announced a delay in the release of its third-quarter 2024 financial results. As previously announced, a Special Committee of the Board of the Directors has been formed to conduct an independent investigation into assertions contained in a recent short seller report.While the Investigation is ongoing, based on preliminary information identified by the Audit Committee of the Board of Directors during the course of the Investigation, that is subject to change with the completion of the Investigation, the audited consolidated financial statements of iLearningEngines Holdings, a wholly owned subsidiary of the Company as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023, which were reported in the Current Report on Form 8-K filed by the Company on April 22, 2024, the audited consolidated financial statements of Holdings, as of December 31, 2022 and 2021 and for each of the three years in the period ended December 31, 2022, which were reported in the registration statement on Form S-4 initially filed by the Company with the U.S. Securities and Exchange Commission on September 5, 2023 and declared effective on February 2, 2024, in connection with the Company's business combination, the Company's unaudited financial statements for the quarter ended June 30, 2024, Holdings' unaudited financial statements for the quarter ended March 31, 2024, which were reported in the Super 8-K, and Holdings' unaudited financial statements for the quarters ended June 30, 2022, September 30, 2022, June 30, 2023 and September 30, 2023, which were reported in the S-4, as previously filed with the SEC, should no longer be relied upon. At this time, the Company is unable to determine whether it must correct financial statements for the Non-Reliance Period, or if such corrections are necessary, the quantification of such corrections. If the Investigation concludes that financial statements in the Non-Reliance Period must be restated, the Company intends to diligently pursue completion and filing of such restated financial statements as soon as reasonably practicable. In addition, the Company is working diligently towards the goal of being in a position to file third-quarter 2024 financial results with the SEC as soon as practicable after the conclusion of the Investigation, but at this time cannot predict with certainty when the preparation and filing of information will be completed. The Company will release additional information concerning the Investigation in due course and is committed to taking appropriate measures to improve its internal controls.
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SGN | Hot Stocks09:35 EST Signing Day Sports Inc trading resumes
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AILE | Hot Stocks09:35 EST iLearningEngines names Thomas Olivier interim COO - iLearningEngines announced the appointment of Bonnie-Jeanne Gerety as Interim CFO and the appointment of Thomas Olivier as Interim COO. Farhan Naqvi will continue to serve ILE as Senior Vice President of Corporate Development. Olivier is a Managing Director with Arrowroot Capital and has held this position since March 2021. In addition, from November 2020 to April 2024, Mr. Olivier served as the President and CFO, and the Vice Chairman of the board of directors of Arrowroot Acquisition Corp.
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AILE | Hot Stocks09:34 EST iLearningEngines names Bonnie-Jeanne Gerety interim CFO - iLearningEngines announced the appointment of Bonnie-Jeanne Gerety as Interim CFO and the appointment of Thomas Olivier as Interim COO. Farhan Naqvi will continue to serve ILE as Senior Vice President of Corporate Development. Bonnie-Jeanne Gerety began working with iLearningEngines as a contractor to run the accounting function for the Company in late 2023. She has run her own financial and accounting advisory firm, GeretyAdvisors since 2019.
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WSR | Hot Stocks09:32 EST MCB withdraws proposal to acquire Whitestone REIT - MCB Real Estate sent a letter to the Board of Trustees of Whitestone REIT withdrawing MCB's previously announced proposal to acquire the company. MCB sent the following letter to the Whitestone Board: "MCB Real Estate delivered an attractive, fully-financed proposal to the Whitestone Board to acquire Whitestone for $15 per share in an all-cash transaction... The Board's refusal to grant due diligence, engage in any meaningful discussions, or commence a strategic alternatives process is not consistent with its duties and indicates a boardroom culture of entrenchment. While we continue to believe our proposal is the best path forward for shareholders, our attempts to engage have been rebuffed at every turn, so we are withdrawing our proposal to acquire Whitestone at this time... When pressed on whether the Board is open to opportunities to enhance value on Whitestone's third quarter 2024 earnings call, Whitestone CEO David Holeman falsely asserted that the Board is actively looking at strategic options... Given the Board's refusal to engage with us regarding our proposal or conduct a process to explore whether other parties may have an interest in transacting with Whitestone, Mr. Holeman's comments are at best a naive sidestep to the question, and at worst a downright lie to shareholders... As we have said from the onset of this process, our interests are aligned with other Whitestone shareholders. Whitestone shareholders deserve a board that is committed to considering all opportunities to maximize value. If the Whitestone Board continues its pattern of delay and entrenchment, MCB believes the entire Board should be removed at the next annual meeting of shareholders... While we are withdrawing our proposal at this time, we remain a significant shareholder of the company and will continue to consider all options available to MCB and other Whitestone shareholders to ensure that the Board upholds its responsibilities."
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QMMM | Hot Stocks09:32 EST QMMM Holdings Ltd trading halted, volatility trading pause
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GSAT | Hot Stocks09:31 EST Globalstar to transfer listing to Nasdaq, announces reverse stock split - Globalstar announced its intent to transfer its common stock listing to Nasdaq in the first quarter of 2025. In connection with this planned uplisting, the company also announced that its board of directors has authorized a reverse stock split of its common stock, which is also expected to take place in the first quarter of 2025 at a ratio to be determined closer to the effective date. The reverse stock split is intended to align trading fundamentals with peers, improve liquidity and attract greater investment participation from a more diverse and larger set of institutional investors. Globalstar has submitted its application to list on the Nasdaq and the company is working with Nasdaq to complete the transfer in connection with the effective date of the reverse stock split. The company's common stock will continue trading on the NYSE American until the uplisting is complete.
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SGN | Hot Stocks09:30 EST Signing Day Sports Inc trading halted, volatility trading pause
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VMAR | Hot Stocks09:21 EST Vision Marine Technologies partners with pontoon manufacturer Smoker Craft - Vision Marine Technologies announced a new production initiative with Smoker Craft. This collaboration is expected to produce a state-of-the-art pontoon platform specifically designed to integrate Vision Marine's high-performance electric propulsion systems, specifically the pontoon-designed P-Powerpack. We believe the powerpack will merge technology and exceptional craftsmanship into a transformative product for the marine industry. Vision Marine and its manufacturing partner will leverage their combined expertise to redefine electric pontoon capabilities. Smoker Craft manufacturing facilities provide precision engineering, laser cutting technology, and stringent quality control, making it an ideal collaborator to bring Vision Marine's innovative E-Motion 180E Electric Powertrain to market with high efficiency and craftsmanship. This new pontoon platform, intended primarily for rental operations, boat clubs and commercial applications, exemplifies Vision Marine's commitment to delivering high-voltage electric propulsion solutions that are both scalable and accessible. The collaboration is expected to enable Vision Marine to meet increasing market demand and provide rental operators with a high-performance electric boating option, setting a precedent for broader adoption and sustainable growth across the industry.
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JMIA | Hot Stocks09:20 EST Jumia Technologies partners with Premium Card for e-commerce in Egypt - Jumia Technologies announced a strategic partnership with Premium International for Financial Services, "Premium Card", a company specializing in diverse payment solutions. This partnership allows Premium Card holders exclusive offers and discounts on a range of products available on Jumia and introduces installment plans. Customers can also take advantage of exclusive deals offered by Jumia in collaboration with local and international brands.
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ARRY | Hot Stocks09:18 EST Array Technologies appoints two executives to lead EMEA region - Array Technologies appointed Leonardo Serpa as general manager, Europe, the Middle East, and Africa - EMEA - and Hector Sanchez as vice president of sales, EMEA. Serpa joins ARRAY after serving as CEO at Essentia Energia. Sanchez was previously the vice president of sales for Soltec Trackers. Before Essentia Energia, Serpa served as CEO at Engie Solutions and previously held multiple key leadership positions at ABB.
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SFWL | Hot Stocks09:17 EST Shengfeng Development announces joint venture with Fujian Fulai Aviation - Shengfeng Development announced that on November 5, 2024, Shengfeng Logistics Group, a variable interest entity that the Company controls via a series of contractual arrangements, forms a joint venture with Fujian Fulai Aviation Technology. The new entity formed in respect of the Joint Venture, Fujian Shengfeng Fulai Low Altitude Comprehensive Services Co., Ltd., is expected to leverage Shengfeng Logistics's expertise in logistics with Fulai Aviation's drone technology to deliver drone-based logistics solutions across China's low-altitude logistics sector.
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GOOD | Hot Stocks09:16 EST Gladstone Commercial announces industrial acquisition in St. Clair, Missouri - Gladstone Commercial has acquired a 124,500 square foot industrial manufacturing, distribution, and warehouse facility in St. Clair, Missouri. Gladstone Commercial acquired the property subject to a 20-year absolute NNN lease to ATRO, LLC, a leader in manufacturing durable and high-performance heavy-duty polyurethane truck parts that extend the lifespan of truck components and reduce the total cost of ownership for fleet operators.
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BOSC | Hot Stocks09:15 EST BOS Better Online Solutions secures $2.7M defense sector order - BOS Better Online Solutions has received a $2.7M order from a subcontractor of one of its primary customers in the defense sector. The order is for delivery gradually by May 2025.
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RVSN | Hot Stocks09:15 EST Rail Vision unveils active control system, enabling semi-autonomous capabilities - Rail Vision announced an advancement in railway safety and control. Developed in collaboration with a major U.S.-based rail company, Rail Vision's new system transitions from passive warning systems to active safety systems that directly control locomotive throttle and brakes, setting a new step towards autonomous rail operations. This next-generation capability, tailored for shunting yard locomotives, leverages Rail Vision's proprietary AI technology to provide real-time insights integrated into the customer's locomotive control systems. The system will be deployed as part of the initial rollout on the customer's U.S. fleet, with implementation starting by the end of 2024. This advancement signals a significant transition from passive warning Advance Driver Assistance Systems to the active control of the throttle and brakes which is done in real-time for autonomous applications in order to mitigate risks and preserve business continuity.
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VUZI MSFT | Hot Stocks09:14 EST Vuzix M-series smart glasses certified for use with Microsoft Intune - Vuzix (VUZI) announced that its industry-leading M-series AR smart glasses have now been certified for use with Microsoft (MSFT) Intune, a leading cloud-based Mobile Device Management solution.
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MULN | Hot Stocks09:14 EST Mullen Automotive's Class 4 truck granted rebate voucher in California - Mullen Automotive announced that the California Air Resources Board has approved Bollinger Motors all-electric Class 4 truck, the 2025 Bollinger B4, for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project. The HVIP program accelerates commercialization by providing point-of-sale vouchers to make advanced vehicles more affordable while driving commercial technology transformation. To date, the program has funded more than 12,000 clean vehicle purchases. Under HVIP, the 2025 Bollinger B4 EV truck, with a suggested MSRP of $158,758, now qualifies for up to a $60K cash voucher. When combined with the available $40K federal tax credit, the net effective cost of the B4 could be less than $59K.
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AZN | Hot Stocks09:13 EST Lunit announces collaboration with AstraZeneca to develop AI-powered tools - Lunit announced a strategic collaboration with AstraZeneca to develop AI-powered digital pathology solutions. The solution in focus is Lunit SCOPE Genotype Predictor, an AI-powered tool capable of analyzing H&E slide images to predict the likelihood of the tumor harboring NSCLC driver mutations, such as Epidermal Growth Factor Receptor mutations.
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MAMO | Hot Stocks09:12 EST Massimo expands partnership with Rural King for 2025 - Massimo announced the expansion of its successful retail partnership with Rural King, a leading farm and home store with locations across the U.S. After an outstanding year offering Massimo Motor's selection of go-karts to Rural King customers, both companies are excited to expand this partnership in 2025. The expanded program will introduce a wider range of Massimo products available both online and in-store, including UTVs, ATVs, go-karts, golf carts, and mini bikes.
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XTIA DMN | Hot Stocks09:12 EST XTI announces closing of combination between former subsidiary, Damon Motors - XTI Aerospace (XTIA) congratulates Damon Motors on the announced completion of its business combination with Grafiti Holding, a former subsidiary of XTI Aerospace. In connection with the transaction, XTI Aerospace received securities of Damon consisting of common stock and warrants. The common shares of Damon Inc. are expected to begin trading under the ticker symbol "DMN" on the Nasdaq Global Market on November 18, 2024.
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VITL | Hot Stocks09:11 EST Vital Farms releases limited-edition 'Gingerbread Farmhouse Kit' - Vital Farms is pecking the halls and raising the standards of a classic baking tradition this year with the new Gingerbread Farmhouse Kit. The limited-edition kits, made in partnership with Supernatural and King Arthur Baking Company, are filled with everything you need to bake, build, and decorate a gingerbread barn using high-quality ingredients from this trio of premium brands. Contents include Vital Farms pasture-raised egg and butter coupons, gingerbread and icing mixes from King Arthur Baking, plant-based and dye-free sprinkles, melting morsels, and food colorings from Supernatural, hen and cow cookie cutters, and piping bags. An approachable barn blueprint with directions and a tutorial video can help anyone avoid a #PinterestFail. Gingerbread Farmhouse Kits are now available to purchase online for $65, while supplies last
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IPDN | Hot Stocks09:10 EST Professional Diversity Network subsidiary partners with AI Geo in job seeking - Professional Diversity Network subsidiary company TalentAlly announced a strategic partnership with AI Geometric to offer job seekers three complimentary, AI-powered virtual interview practice sessions. This AI-driven interview solution integrates resume review insights with realistic interview practice. These AI-powered virtual interview practice sessions simulate real interview scenarios. For employers, TalentAlly and AI Geo are exploring AI-driven automation to streamline candidate screening, providing deeper insights into candidates' skills, behaviors, and cultural fit-leading to more efficient hiring decisions.
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ALBT | Hot Stocks09:09 EST Avalon launches 'BrAce for Impact' affiliate marketing program - Avalon GloboCare announced the launch of the "BrAce for Impact" affiliate marketing program for KetoAir, a handheld breathalyzer device equipped with AI-enabled software and Hot App shareable technology, specifically designed for ketogenic health monitoring. The "BrAce for Impact" affiliate marketing program was developed in response to demand from attendees at the Hack Your Health Conference and the Keto Pa-LOU-za Conference. The program offers an attractive discount and commission structure, enabling affiliates to provide a coupon code and earn commissions on each sale. This structure encourages KetoAir promotion through social media, helping spread awareness among a wide audience. Affiliates in the program will receive support in the form of professionally designed graphics and marketing materials, along with access to KetoAir's brand tags and logos for authentic health journey updates. This initiative targets metabolic coaches, podcasters, health authors, experts, disease management and reversal companies, and other influencers.
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VRT | Hot Stocks09:08 EST Vertiv and Compass datacenters team on liquid and air cooling AI system - Data center operators face the challenge of supporting rapidly evolving environments in which established IT applications increasingly co-exist alongside the high-density computing being deployed to support AI. Vertiv , a global provider of critical digital infrastructure and continuity solutions, and Compass Datacenters, which designs, builds and operates data center campuses for some of the world's largest technology companies, announced today they have collaborated to develop a first-of-its-kind solution that enables future deployments of AI with the ability to flex between air and liquid cooling to support high-density computing. Vertiv and Compass engineers collaborated on this vision for a future-forward cooling solution, with Vertiv developing and manufacturing the technology solution. The initial units will be deployed at a Compass facility in 1Q 2025 as part of a planned multi-year, multi-billion dollar supply arrangement.
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EVCM | Hot Stocks09:07 EST EverCommerce announces enhancements to SaaS-based solution suite - EverCommerce announced a series of enhancements to its SaaS-based solution suite. These enhancements coincide with "Small Business November," a month-long celebration honoring the many small and medium sized businesses and their respective owners that serve as the backbone of our economy. In conjunction with Small Business November, EverCommerce is announcing several product enhancements in its EverPro home and field services vertical, including: EverProEdge: An add-on product that is bringing cash-back rewards on purchases service-based SMBs are already making for its business. In addition to helping customers improve profitability by providing rewards that reduce material costs over time, EverPro Edge customers get tailored content directly in the platform geared toward equipping customers with insights to improve operational efficiency, secure more deals, and make smarter business decisions - all of which are intended to drive sustained growth and success. Payments: New digital payment methods for customers, giving them online invoicing, digital wallets and online payments options helping small businesses focus on getting new sales rather than securing payment for work already done. EverCommerce customers can now use programs such as Text-To-Pay which provides customers with an easy-to-use link within a text message that provides an online invoice and allows payment right from a mobile phone and additional digital payment options which provide an easy way for homeowners to pay - EverPro customer data shows better than 30% growth in payment amount per transaction for these payment methods over traditional ones. Operations Improvements: Expense tracking and new estimating/invoice templates for Joist customers, improved reporting for Fieldpoint and ServiceFusion customers and a new mobile calendar in Kickserv showing real-time contractor availability. AI: AI enhancements that help customers seamlessly compile data that can pinpoint issues more quickly and provide more accurate insights that can help inform decision-making in marketing, customer service and payments. These enhancements help service-based SMBs save countless hours that can be put toward other projects, maximizing efficiency.
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LPLA PRU | Hot Stocks09:07 EST LPL Financial and Prudential launch strategic relationship and integration - Prudential Financial (PRU) retail arm Prudential Advisors and LPL Financial Holdings (LPLA) finalized the launch of their strategic relationship, first announced in August 2023. Following the transition of Prudential's retail broker-dealer and registered investment advisory services and operations to LPL Enterprise, an affiliate of LPL Financial LPL now supports more than 2,800 Prudential Advisors financial advisors - that has grown from approximately 2,600 during the past year - who collectively serve 3.5 million American families. Prudential and LPL are collaborating on advisor recruiting efforts, leveraging the significant resources and new capabilities of both firms to attract top talent to Prudential Advisors. Over the past year, LPL has invested more than $300M to build the technology platform, integrate and onboard Prudential Advisors. This investment will improve capacity and ease of doing business for Prudential Advisors' financial advisors and their clients, while offering an expanded investment platform for more than 28,000 LPL advisors, including those at its other 1,000 institution clients. As of November 18, approximately $25B in assets have been onboarded to the LPL platform from Prudential Advisor's broker-dealer and investment advisory business. The remaining $35B of assets are expected to onboard over the next several months.
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SEIC | Hot Stocks09:07 EST SEI Investments selected by Brown Advisory to launch ETF - SEI announced that Brown Advisory selected the Advisors' Inner Circle Fund series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF, the firm's first ETF. A fundamental active strategy focused on U.S. companies, Brown Advisory's Flexible Equity ETF is managed by a tenured team with an existing footprint in mutual funds and separately managed accounts.
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FOUR | Hot Stocks09:07 EST Shift4 Payments announce partnership with San Antonio Spurs - The San Antonio Spurs announced a new partnership with Shift4, making it the team's official integrated payment technology partner. As part of the partnership, Shift4's payment technology will become integrated into transactions at Frost Bank Center and Toyota Field events.
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DELL | Hot Stocks09:06 EST Dell Technologies announces Dell AI factory advancements - Dell Technologies continues to make enterprise AI adoption easier with the Dell AI Factory, expanding the world's broadest AI solutions portfolio. Powerful new infrastructure, solutions and services accelerate, simplify and streamline AI workloads and data management. "Getting AI up and running across a company can be a real challenge," said Arthur Lewis, president, Infrastructure Solutions Group, Dell Technologies. "We're making it easier for our customers with new AI infrastructure, solutions and services that simplify AI deployments, paving the way for smarter, faster ways to work and a more adaptable future."
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RPD | Hot Stocks09:06 EST Rapid7's MXDR services adds coverage for Microsoft telemetry - Rapid7 announced the expansion of its Managed Extended Detection and Response service to deliver continuous threat detection, investigation, and response across core Microsoft security tools. The newly enhanced service leverages organizations' existing Microsoft telemetry, integrating it into Rapid7's Command Platform for broader, faster threat detection and remediation, by the Rapid7 security operations center, without additional infrastructure or complex integration requirements.
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HTCO | Hot Stocks09:05 EST Caravelle International Group regains compliance with Nasdaq min bid price - Caravelle International received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market, informing the Company that it has regained compliance with the minimum bid price requirement set forth in Rule 5550(a)(2) of the Nasdaq Listing Rules.
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SLE | Hot Stocks09:05 EST HI-CHEW announces immersive integration with Fortnite - HI-CHEW announced a new immersive integration with game Fortnite. Building on HI-CHEW's Fortnite integration last year, this new collaboration is again powered by Super League. HI-CHEW branded customizations will be integrated into two of Fortnite's Minigame Box PVP Island mini-games: Color Switch and Spin Cycle, in addition to HI-CHEW Hoppers, a new custom minigame. Players can collect HI-CHEW branded power-ups and in-game currency that can be redeemed for exclusive HI-CHEW collectible hats. HI-CHEW recently announced its first official brand mascot, Chewbie, a plump, carefree chew, and this Fortnite integration marks their official debut to the gaming community. Players will get to interact with Chewbie through engaging dialogue or "Chewlish" audio as they play the HI-CHEW Hoppers and Color Switch mini-games. Players will also encounter the mascot as a non-player character in the game lobby, where they will earn experience points, encouraging them to purchase HI-CHEW collectibles. All customizations and prizes will be available to Fortnite users for a limited time from November 18 through December 15, 2024.
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PPG | Hot Stocks09:05 EST PPG teams with SARO/Siccardi to expand powder coatings presence in Italy - PPG announced a strategic partnership with SARO/Siccardi, the largest distributor of powder coatings in Italy. The collaboration will strengthen PPG's distribution network for powder coatings in the Italian market and broaden customer access to high-quality products and services...Under the partnership, PPG and SARO/Siccardi will work closely with customers to gain a better understanding of their unique requirements and provide tailored solutions, technical support and competitive pricing. "We are confident that this partnership will elevate our services to meet the growing demand for powder coatings," said Justin Epler, PPG general manager, Industrial Coatings, EMEA. "With our advanced powder coating technologies and SARO/Siccardi's extensive distribution network, our customers in Italy will have access to a more comprehensive selection of high-quality products and faster access to our solutions." "Access to PPG warehouses, laboratories and production facilities in Italy will improve our customer service and response times," said Roberto Siccardi, general manager, SARO/Siccardi.
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RZLV | Hot Stocks09:03 EST Rezolve AI's Brain Suite selected by gkv informatik - Rezolve Ai announced that gkv informatik, a German IT service providers in the statutory health insurance sector, has chosen Rezolve Ai's Brain Suite to optimize its healthcare operations. With annual revenue of approximately EUR400 and a customer base of over 17 million insured individuals supported by more than 38,000 employees, gkv informatik plays a key role in the German Statutory Health Insurance system.
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SB | Hot Stocks09:03 EST Safe Bulkers announces stock repurchase program up to 5M shares - Safe Bulkers has authorized a program under which it may from time to time in the future purchase up to 5,000,000 shares of the Company's common stock. If the maximum number of shares of the Company's common stock are purchased pursuant to the aforementioned program, it would represent approximately 4.7% of the shares of the Company's common stock outstanding and 8.7% of its public float.
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EONR | Hot Stocks09:01 EST EON Resources posts updated investor deck - EON Resources posted an updated investor deck and the Q3 2024 earnings call deck to the Company's website.
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HAFC | Hot Stocks09:01 EST Hanmi Financial opens Korea representative office in Seoul - Hanmi Financial announced that Hanmi Bank opened its first representative office in Seoul, South Korea. The new representative office is located within the International Finance Center Seoul. This complements the bank's existing Korea Desks in Los Angeles, Orange County, San Diego and Silicon Valley in California, and in cities in New York, New Jersey, Georgia and Texas.
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PRZO | Hot Stocks08:59 EST ParaZero's drone safety system receives regulatory approval in Europe - ParaZero has received the Design Verification Report approval from the European Union Aviation Safety Agency for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits. This approval adds to ParaZero's portfolio of previously granted approvals from the Federal Aviation Administration, alongside additional territories. The EASA DVR confirms that ParaZero's SafeAir M-300/ M-350 Pro parachute systems comply with key safety requirements, enabling drone operators to enhance their operational scope under the Specific Operations Risk Assessment process.
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ZETA | Hot Stocks08:59 EST Zeta Global CEO, leadership team to purchase $3M of common stock - Zeta Global announced that David Steinberg, Zeta's co-founder, chairman and CEO, members of the company's leadership, and members of the board of directors intend to purchase shares of Zeta's Class A common stock on Monday, November 18. Taken together, these intended purchases by Steinberg and other members of Zeta leadership in their personal capacity and the directors represent approximately $3M of Zeta's Class A common stock.
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ECDA | Hot Stocks08:57 EST ECD Automotive Design appoints Kevin Kastner as Chief Revenue Officer - ECD Automotive Design appointed Kevin Kastner as Chief Revenue Officer. Before joining ECD Auto Design, Kastner served as the director of sales and marketing at Moss Motors. At AMSOIL, he was a Marketing Manager. He was CEO of Iron Dog.
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THAR | Hot Stocks08:57 EST Tharimmune presents clinical data on TH104 for chronic pruritus - Tharimmune presented new TH104 clinical data at the American Association for the Study of Liver Disease The Liver Meeting 2024, underway in San Diego from November 15-19. The Phase 1 trial was a single-dose, single-center, open-label, randomized study of TH104 transmucosal buccal film conducted in two cohorts of patients with chronic liver disease, with the primary outcome of safety and tolerability. Data presented at The Liver Meeting include adverse events as well as an assessment of patients' relief of pruritus symptom scores when correlated to pharmacokinetics of TH104. Patients with cholestatic liver disease and a known history of persistent generalized pruritus for at least 4 weeks prior to screening were included. After an overnight fast of 10 hours, subjects received a single low dose of TH104. Serial blood samples for PK analysis were taken, and patients were monitored for itch severity scores utilizing the Worst-Itch Numerical Rating Scale, a relevant clinical outcome assessment for pruritus in chronic liver disease, and for itch intensity over a 24-hour period. Pruritus is common in most liver diseases and the WI-NRS is a validated numerical rating scale displaying 11 numbers ranging from 0, representing "no itch," to 10, representing "worst imaginable itch," and patients are asked to pick the number corresponding to the intensity of their pruritus. Results from multiple large studies support the usefulness and validity of WI-NRS for evaluating change over time in clinical trials. Pearson's correlation coefficient was used to assess the correlation between TH104 concentration Area Under the Curve and the change in WI-NRS score 48 hours after dosing. This study screened 19 patients and 12 were enrolled with two types of CLD categorized as Child-Pugh A and Child-Pugh B. The Child-Pugh score is a system for assessing the prognosis and necessity of transplant in CLD that provides a forecast of the increasing severity of a patient's liver disease and expected survival rate. The score is determined by scoring clinical measures of liver disease and the possibility of eventual liver failure, with Class A indicating mild liver disease and Class B indicating moderate liver disease with one-to-five-year survival rates of 95% and 75%, respectively. There were no patients enrolled in this study with the most severe Child-Pugh C classification. The correlation coefficient between TH104 AUC and change in itch, r, was 0.7060, with a p-value of 0.0103 and a 95% confidence interval for r of 0.2220 to 0.9108. The mean baseline WI-NRS scores in Groups A and B were 4.33 and 6.17, respectively, translating to moderate-to-severe chronic pruritus at the start of the study. The mean baseline itch score for all 12 subjects was 5.25. At one-hour post-dosing with TH104, Group A and Group B had a mean decline in WI-NRS scores of 26.8% and 19.0%, respectively, and continued to decline two hours post-dose by 42.3% and 21.7%, respectively. Both cohorts continued to improve in mean itch scores at the four-hour and eight-hour time points, including the combined total subjects. At 24-hours post dosing, Group A and Group B achieved a mean decline of 30.7% and 35.2%, respectively, in pruritus scores. The mean reduction in itch scores for all 12 subjects 24 hours after a single dose of TH104 was 33.3%. A total of two AEs were reported in two subjects over the course of the study. These AEs were mild and possibly related to study drug, with no serious adverse events reported. There were no deaths or other significant adverse events reported during the entire study. There were no new adverse events during the study, with events correlated with previous studies and a safety profile consistent with the literature for the active ingredient in TH104.
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AMPG | Hot Stocks08:54 EST AmpliTech Group secures initial purchase order with Fortune 1000 U.S. company - AmpliTech Group received an initial Purchase Order, as part of the recently announced signing of a 5 Year Basic Order Agreement, with a US based Fortune 1000 Company. This initial Purchase Order, for nearly $1M, includes delivery of Low-Noise Block Downconverters products and engineering services. This initial Purchase Order, of its 5 Year BOA deal represents nearly 20% of the total average LNA sales from its AmpliTech Division. This initial order will be delivered in its entirety during the first half of FY25.
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COSM | Hot Stocks08:54 EST Cosmos Health integrates bitcoin, ethereum as treasury reserve assets - Cosmos Health has adopted a strategy to include Bitcoin and Ethereum as part of its treasury reserve assets. The adoption of this new policy follows the Company's forward-thinking approach to investing in new technologies, including the recent acquisition of Cloudscreen, its AI-driven drug repurposing platform. The Company expects that adding Bitcoin and Ethereum, along with potentially other cryptocurrencies and blockchain-related assets, will help diversify its balance sheet and offer significant upside potential as these assets increasingly gain global adoption. In addition to holding Bitcoin and Ethereum as treasury reserve assets, the Company is also working to accommodate customers who wish to make payments in cryptocurrencies.
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BHC | Hot Stocks08:53 EST Bausch Health announces CABTREO receives positive reimbursement recommendations - Bausch Health announced that CABTREO gel 1.2% w/w, 0.15% w/w and 3.1% w/w, a new triple-combination topical prescription treatment for acne vulgaris in patients 12 years of age and older,1 has received positive reimbursement recommendations from Canada's Drug Agency and Quebec's Institut national d'excellence en sante et en services sociaux. The recommendations are an important element in the process to achieve reimbursement of a new medication by Canada public drug plans operated by the provinces, territories and federal government. Bausch Health, Canada will now work with the pan-Canadian Pharmaceutical Alliance to agree on the particulars regarding the reimbursement of CABTREO by Canada's public drug plans. CABTREO is the first and only triple-combination topical treatment for acne approved by Health Canada with three mechanisms of action - an antibiotic, a retinoid and an antibacterial agent - to provide a safe and effective treatment. CABTREO is a topical gel that is administered once daily to affected areas of the skin. Its active ingredients are the antibiotic clindamycin phosphate, the topical retinoid adapalene, and the oxidizing agent benzoyl peroxide which has a broad-spectrum bactericidal activity. The prescription therapy is available now through pharmacies across Canada.
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CSLR | Hot Stocks08:52 EST Complete Solar's Blue Raven signs installation agreement with Sunder Energy - Complete Solar's Blue Raven Solar division has signed an installation sales agreement with Sunder Energy, a residential sales companies in the US. Sunder sells solar in 48 states, executing approximately 12,000 solar installations per year, generating estimated revenue of $400M annually for residential installers.
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BHC | Hot Stocks08:51 EST Bausch Health, Salix to present RED-C Phase 3 study design - Bausch Health Companiesannounced the first look at its late-stage RED-C clinical trial program which will be presented at the American Association for the Study of Liver Disease. This clinical program was designed to assess the efficacy of a next generation therapeutic, a soluble solid dispersion immediate-release rifaximin product, to delay onset of first overt hepatic encephalopathy hospitalization. There are no medications globally approved for the primary prophylaxis and delay in decompensation to first episode of OHE in cirrhosis. Another objective of this study is to assess the effects of treatment with this next generation therapeutic on the time to the onset of significant clinical events, including all-cause hospitalization rates, first occurrence of OHE event requiring hospitalization, and all-cause mortality. The RED-C program is evaluating a next generation therapeutic designed to enhance the gastrointestinal luminal solubility of a unique form of rifaximin in order to preserve epithelial function, limit bacterial translocation to the bloodstream and liver, and reduce proinflammatory cytokine production. The RED-C program includes two global Phase 3, randomized, double-blind, placebo-controlled studies conducted in over 1,000 patients, over 398 study sites, and across 17 countries. Patient enrollment on both trials is now complete with efficacy and safety results to be announced at future congresses. "The RED-C program underscores our dedication to exploring and identifying new treatments for individuals with cirrhosis," stated Aimee Lenar, Executive Vice President of US Pharma at Bausch Health. "Considering the significant unmet need for cirrhotic patients, the RED-C phase 3 trials have been rigorously designed to assess a potential new option to delay the onset of the first overt hepatic encephalopathy event, and to potentially, delay time to all-cause hospitalization. Enrollment in both trials is now complete, and the trials are progressing at study sites worldwide."
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CELU | Hot Stocks08:50 EST Celularity resolves Nasdaq listing compliance issue - Celularity announced that the Nasdaq Listing Qualifications Hearings Panel has cancelled the hearing regarding Celularity's non-compliance with Nasdaq Listing Rules as the company has cured its filing delinquency. The matter is now closed, and Nasdaq has confirmed that Celularity's stock will continue to be listed and traded on The Nasdaq Stock Market. Celularity filed its Form 10-Q for the period ended March 31 on October 16, and its Form 10-Q for the period ended June 30, on November 7, achieving compliance with Nasdaq requirements.
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DWTX | Hot Stocks08:48 EST Dogwood says low-dose IMC-2 treatment reduces long-COVID fatigue - Dogwood Therapeutics "announced top line data from the recently completed BHC IMC-2 Long-COVID study. The study was conducted via an investigator-initiated, investigational research grant provided to the Bateman Horne Center. The study demonstrated that the low dose combination antiviral therapy IMC-2 treated patient cohort (valacyclovir 750 mg + celecoxib dosed 200 mg twice daily) exhibited clinically meaningful reductions in Long-COVID associated fatigue and sleep disturbance, as compared with the placebo treated cohort. The high dose IMC-2 treated cohort (valacyclovir 1500 mg + celecoxib 200 mg dosed twice daily) did not exhibit clinically meaningful differences versus placebo, believed to be related to higher levels of gastrointestinal adverse events associated with the higher dose regimen." R. Michael Gendreau, MD, Chief Medical Officer of Dogwood Therapeutics, stated: "The primary goals of this trial were to determine the IMC-2 treatment effect size versus placebo and the associated patient sample size to design our planned IMC-2 Phase 2 Long-COVID study in a manner that maximizes probability of success. IMC-2 demonstrated a robust reduction in fatigue, the primary endpoint agreed with the Food & Drug Administration to advance IMC-2 into Phase 2 development. We look forward to finalizing these plans and providing further information on next steps in the coming months."
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FMST | Hot Stocks08:48 EST Foremost Clean Energy signs agreement with Red Cloud Financial Services - Foremost Clean Energy has entered into a strategic agreement with Red Cloud Financial Services, an arms-length independent contractor, to provide promotional services, including advice on marketing, communications and social media activities. Under the engagement, Red Cloud will be paid a fee of $10K per month effective October 14, for a twelve-month term which automatically renews month-to-month thereafter. Red Cloud will review and advise on non-deal road shows, review, draft and advise on traditional marketing documents, make introductions to, meet and communicate with corporate analysts, institutional and professional investors and retail brokers, provide traditional media support and assist in the creation of content for Red Cloud's exclusive RCTV platform and dissemination of content via RCTV, and other services as required by the company. There are no performance obligations contained in the Agreement and Red Cloud will not receive common shares, stock options or any form of equity in the company as compensation. Red Cloud is an IIROC regulated dealer and a leading provider of financial services to the global mining sector, with headquarters in Toronto, Canada
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NEWT | Hot Stocks08:47 EST Newtek Bank launches Newtek Zero-Fee Business Banking - NewtekOne announced that its national bank subsidiary, Newtek Bank, has launched Newtek Zero-Fee Business Banking, which provides its commercial clients with true zero-fee business banking depository accounts without hidden banking fees or costs. Newtek Bank does not charge fees to its business banking clients for ACH, wires, monthly service charges, maintenance or activity, overdrafts, or insufficient funds and no minimum balance requirements, making its business banking account a true, trusting, zero-fee banking account.
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PEGY | Hot Stocks08:46 EST Pineapple Energy announces corporate name change to SUNation Energy - Pineapple Energy announced that it has begun the effectuation of the change to its corporate name to SUNation Energy, Inc. by filing its Certificate of Incorporation with the Secretary of State of Delaware under our new name, and that the Company will begin trading on Nasdaq under the trading symbol "SUNE" on November 19th, 2024.
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NVNI | Hot Stocks08:46 EST Nuvini appoints Aaron Ross as board advisor - Nvni Group snnounces the addition of Mr. Aaron Ross as a non-voting board adviser to Nuvini's Board of Directors. In his advisory role, Aaron will collaborate closely with Nuvini's leadership team to refine sales methodologies, optimize revenue streams, and implement best practices across the company's diverse portfolio. His proven track record in transforming sales organizations will be instrumental in driving Nuvini's next phase of growth.
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SF | Hot Stocks08:44 EST Stifel Financial appoints Brad Edgar as lead healthcare equity trader - Stifel Financial announced the hiring of Brad Edgar as Managing Director and Lead Healthcare Equity Trader. He is based in the firm's New York office and reports directly to R.J. Grant, Head of Global Equity Trading at Stifel. Edgar joins Stifel from Seven Grand Managers, where he served as Partner, responsible for all risk execution and trading of the firm's equity portfolio.
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ALLO | Hot Stocks08:44 EST Allogene Therapeutics presents data for ALLO-329 in autoimmune disease - Allogene Therapeutics announced preclinical data for ALLO-329, an investigational allogeneic CD19/CD70 dual CAR T cell therapy being evaluated as a treatment for autoimmune diseases. The data, presented at the American College of Rheumatology Convergence 2024, demonstrate the potential of ALLO-329 to specifically address key challenges associated with current autologous CAR T cell therapies in development for patients with autoimmune disease and highlights the promise of an allogeneic CAR T to reset the immune system. Key findings from the preclinical evaluation of ALLO-329 include: high CAR expression and cytotoxic activity; resistance to rejection; B cell depletion and antibody reduction; manufacturability. Based on these preclinical results, the company plans to file an investigational new drug ) application with the FDA in Q1 2025 and expects to have proof-of-concept by year-end 2025.
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ARTL | Hot Stocks08:44 EST Artelo Biosciences to present key data on 3 development programs - The company states: "Artelo Biosciences announced that Professor Saoirse O'Sullivan, Vice President of Translational Sciences at Artelo, will be presenting at the 7th Cannabinoid-Derived Drug Development Summit. The event will take place November 18-20, 2024, at the Wyndham Beacon Hill Hotel in Boston, MA. Key data from Artelo's development programs will be highlighted in three separate sessions titled: Fatty Acid-Binding Protein 5 Inhibitors as Novel Therapeutics (featuring ART26.12); ART27.13: A Peripherally Selective CB1/CB2 Agonist for Cancer Cachexia; ART12.11: A Novel Cannabidiol Cocrystal Demonstrating a Pharmacokinetic Profile Comparable to Epidiolex(R) in Rats."
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TOST | Hot Stocks08:44 EST ValueAct discloses Toast stake in amended 13F filing - In an amended 13F regulatory filing disclosing the firm's holdings as of September 30, ValueAct Holdings disclosed that it held 15,482,200 shares of Toast valued at $438,301,082. Reference Link
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EDBL | Hot Stocks08:43 EST Edible Garden appoints Dario Pressimone as VP, digital and e-commerce - Edible Garden announced that Dario Pressimone has joined the Company as Vice President of Digital and E-Commerce. Prior to joining Edible Garden, Dario has served in marketing and digital marketing roles at leading retailers such as Macy's and Bed Bath & Beyond. In his new role, Dario will lead Edible Garden's e-commerce and digital marketing initiatives, focusing on expanding the company's online presence and enhancing customer engagement. His strategic vision will be key to strengthening Edible Garden's commitment to providing fresh, organic produce and innovative food products to a growing consumer base.
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SILO | Hot Stocks08:42 EST Silo Pharma discloses 'promising results' from preclinical study on SPC-15 - The company states: "Silo Pharma announced promising results from a preclinical study on SPC-15. This new formulation, which targets both the serotonin 5-HT4 receptor, 5-HT4R, and the NMDA receptor, NMDAR, has shown potential as a treatment for major depressive disorder, MDD, and other severe stress-related conditions. The study highlights the proposed efficacy of combining SPC-15, a 5-HT4R agonist, with an NMDAR antagonist to treat stress-induced behaviors. Results from animal models indicate that this dual-target approach may offer additional efficacy in treating severe conditions compared to using either agent alone, suggesting a potential enhanced therapeutic effect for managing severe psychiatric conditions. By simultaneously targeting 5-HT4R and NMDAR, the combined treatment demonstrated significant improvement in behavioral outcomes related to severe stress-induced conditions as compared to using either agent alone. The combination therapy showed a marked reduction in stress behaviors in animal models, indicating potential benefits for patients suffering from treatment-resistant depression. Eric Weisblum, CEO of Silo Pharma, stated: 'In our opinion, our dual-action strategy with SPC-15 demonstrates the potential to provide an effective treatment option for patients experiencing severe and relapsed stress-related disorders.' "
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FOXO | Hot Stocks08:42 EST Foxo Technologies to hold special meeting of shareholders - FOXO Technologies will hold a Special Meeting of its Shareholders at 10.30am EST on Friday, November 29, 2024. The Board of Directors of the Company has authorized a virtual meeting of its shareholders to be held on Friday, November 29, 2024, at 10:30 a.m. Eastern Standard Time to approve several proposals. The record date was November 15, meaning that all shareholders of record on November 15, 2024, will be entitled to vote on the approvals requested. The Company has several approvals it requires from its shareholders as a result of transactions entered into and plans to hold this Special Meeting, followed by an Annual General Meeting for 2024, details of which will follow in the coming weeks. At the Special Meeting, shareholders will be asked to vote on the following approvals on November 15, 2024, as amended. Shareholder Proposals: 1. Until recently the Company was at risk of the trading price of its Class A Common Stock falling below the $0.10 minimum requirement for NYSE American continued listing requirements and the Board of Directors determined it was prudent and necessary to ask the shareholders to approve a reverse stock split of our issued and outstanding Class A Common Stock any time before September 30, 2025, at a ratio ranging from one-for-five to one-for-one hundred with the exact ratio within such range to be determined at the sole discretion of the Company's Board of Directors, without further approval or authorization of our stockholders before the filing of an amendment to the Certificate of Incorporation effecting the proposed Reverse Split. In the event the Company's share price does not risk triggering the $0.10 minimum requirement for NYSE American continued listing requirements the Board of Directors may decide not to complete a reverse split. 2. The Company has entered into an Exchange Agreement with a debt holder who it has been unable to repay, and the Company desires to have the debt holder exchange their debt to equity. The Company is asking its shareholders to approve, for purposes of complying with NYSE American Rule 713, the issuance of shares of Class A Common Stock in an amount equal to or in excess of 20% of our Class A Common Stock that was outstanding immediately prior to the Exchange Agreement when it was entered into but not exceeding 11,288,568 shares. The debt outstanding was approximately $1,945,000 at September 30, 2024. The quantity and value of Class A Common Stock the Company will be required to issue will be related directly to the debt exchanged to equity on the date exchanged. 3. The Company has entered into an agreement with ClearThink Capital Partners, LLC that will give the Company access to a $5 million Equity Line of Credit the Company can draw on if needed to support the business objectives of the Company. The Company is asking its shareholders to approve, for purposes of complying with NYSE American Rule 713, the issuance of shares of Class A Common Stock in an amount equal to or in excess of 20% of our Class A Common Stock outstanding immediately prior to such issuance in connection with the Strata Purchase Agreement dated October 13, 2023 with ClearThink Capital Partners, as supplemented by the Supplement to Strata Purchase Agreement, dated as of October 13, 2023, and as amended, with ClearThink Capital Partners, whereby ClearThink agreed to purchase up to $5,000,000 of shares of our Class A Common Stock and in connection with the Finder's Fee Agreement, dated as of October 9, 2023, as amended, with J.H. Darbie & Co., Inc., a registered broker-dealer but not exceeding 40,000,000 shares. The quantity and value of Class A Common Stock the Company will be required to issue will be related directly to the cash it draws from the Equity Line of Credit, if used, on the date drawn 4. The Company entered into an agreement with an institutional investor to receive up to $2.5 million in debt funding. The Company has received $1 million at this time and is asking its shareholders to approve, for purposes of complying with NYSE American Rule 713, the issuance of shares of Class A Common Stock in an amount equal to or in excess of 20% of our Class A Common Stock outstanding immediately prior to such issuance in connection with the Securities Purchase Agreement with an institutional investor pursuant to which the Company agreed to issue to the Purchaser and subsequent purchasers who will also be parties to the SPA Senior Notes in the aggregate principal amount of up to $2,800,000 but not exceeding 30,800,000 shares. The quantity and value of Class A Common Stock the Company will be required to issue will be directly to the value of debt converted to equity on the date concerted. 5. To approve the adjournment of the Special Meeting, if necessary or advisable, to solicit additional proxies in favor of the foregoing proposals if there are not sufficient votes to approve the foregoing proposals; and 6. Such other matters as may properly come before the Special Meeting or any lawful adjournment or postponement thereof.
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CSWI | Hot Stocks08:41 EST CSW Industrials expands share repurchase program to $200M - CSW Industrials authorized a new $200M share repurchase program, which replaces the existing $100M program. Since the commencement of CSWI's share repurchase program in 2017, the company has repurchased approximately 2.0 million shares for a total of $152M. The board has established an expiration date of December 31, 2026, for completion of the repurchase program; however, the program may be extended in the future, or it may be limited or terminated at any time without notice.
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JTAI | Hot Stocks08:40 EST Jet.AI to regains compliance with Nasdaq listing rules - Jet.AI has regained compliance with the minimum stockholders' equity requirement as set forth in Nasdaq Listing Rule 5550(b)(1). As previously disclosed, the Company received a letter on December 1, 2023, notifying the Company that its amount of stockholders' equity had fallen below the $10 million minimum stockholders' equity requirement. The Company's stockholders' deficit as of December 31, 2023, was $(3,963,039). The notification of noncompliance had no immediate effect on the listing or trading of the Company's Common Stock. Initially, the Company had 180 calendar days, or until May 29, 2024, to regain compliance with the Minimum Equity Requirement. Although the Company did not regain compliance with the Minimum Equity Requirement by May 29, 2024, the Nasdaq Hearings Panel determined to provide the Company until November 26, 2024, to regain compliance with the Minimum Equity Requirement after the Company elected to transfer the listing of its Common Stock to The Nasdaq Capital Market on August 14, 2024. To regain compliance, the minimum stockholders' equity of the Company must meet or exceed $2.5 million. Since the Nasdaq Hearings Panel provided the Company with an extended time period to regain compliance with the Minimum Equity Requirement, the Company has completed the following transactions listed in the Form 8-K filed on November 18, 2024. As a result of these transactions described in the Form 8-K filed on November 18, 2024, and with approximately $4.0 million in shareholders' equity and cash and cash equivalents of $3.6 million, the Company believes it has stockholders' equity above the $2.5 million Minimum Equity Requirement. Therefore, the Company believes it has regained compliance with the Minimum Equity Requirement. As of November 18, 2024, there were 839,733 shares of the Company's common stock, par value $0.0001, issued and outstanding.
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INFA | Hot Stocks08:39 EST Informatica announces approval to commence $400M repurchases of stock - Informatica announced that a committee of its Board of Directors approved the commencement of repurchases of its Class A common stock through open market transactions under a $400M stock repurchase authorization that was approved by Informatica's Board of Directors on October 29...The repurchases will be funded with Informatica's cash on hand. As of September 30, 2024, Informatica had approximately 313 million diluted shares outstanding and $1.2 billion in cash, cash equivalents and short-term investments.
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SAVA | Hot Stocks08:38 EST Cassava Sciences appoints Freda Nassif as Chief Commercial Officer - Cassava Sciences announced the appointment of Freda Nassif as Chief Commercial Officer, effective today. "I am thrilled to expand Cassava's leadership team and welcome Freda Nassif as Chief Commercial Officer. She joins our company at a critical time, ahead of the release of topline results from RETHINK-ALZ, our first Phase 3 trial for simufilam, expected by the end of 2024, and potential product launch," said Rick Barry, President and Chief Executive Officer. "Freda brings to Cassava a proven track record of successfully developing and implementing effective commercial strategies for innovative medicines. Pending positive simufilam Phase 3 results and FDA approval, we believe Freda's extensive expertise will be invaluable to the development of a robust commercial plan. She will play a key role in helping to realize our ambitious goal of reimagining the treatment possibilities for Alzheimer's disease."
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IRTC | Hot Stocks08:38 EST iRhythm presents five new studies on long-term continous monitoring - iRhythm announced the results of five new studies presented at the American Heart Association's 2024 Scientific Sessions in Chicago, IL. The five studies span three focus areas for long-term continuous monitoring - LTCM -: patient engagement and satisfaction through digital tools and patient-centered product enhancements, evaluating arrhythmia patterns during periods of sleep and activity, and assessing the potential healthcare resource and economic impact of early arrhythmia detection in patients with type 2 diabetes and chronic obstructive pulmonary disease, or COPD. Two studies validated the impact of digital health tools on improving patient compliance with timely device return and demonstrate the value of using patient-centric feedback to guide enhancements in the latest Zio monitor. Two studies assessed the feasibility and clinical utility of using the Zio system to monitor arrhythmias in relation to sleep and activity patterns. Preliminary findings suggest that early detection with arrhythmia monitoring devices has the combined potential to help prevent serious outcomes like stroke and heart failure and significantly reduce acute care utilization and related costs in these populations.
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SDGR | Hot Stocks08:36 EST Schrodinger gets additional funding to expand toxicology risk initiative - Schrodinger announced that it is broadening and accelerating its initiative to expand the company's computational platform to predict toxicology risk early in drug discovery. The goal of the initiative, announced earlier this year, is to develop a computational solution designed to improve the properties of novel drug development candidates and reduce the risk of development failure associated with binding to off-target proteins, which can be associated with serious side effects. In conjunction with this expansion, Schrodinger received an additional $9.5M from the Bill & Melinda Gates Foundation, which follows the initial $10M grant from the Gates Foundation in July 2024. The additional funding enables Schrodinger to more rapidly access relevant experimental structures and extends the funding for this initiative to April 2026. Once developed, the technology will be available to the Gates Foundation's grantees around the world to help speed the development of new drugs against diseases that disproportionately affect people in low- and middle-income countries. These tools will also be available to Schrodinger's software customers and will be used to advance Schrodinger's proprietary drug discovery programs and collaborations. "This additional funding allows us to accelerate and broaden the scope of our initiative to rapidly develop high-quality computational models to address off-target toxicity, a significant cause of drug development failure," stated Ramy Farid, Ph.D., chief executive officer at Schrodinger. "We are grateful to the Gates Foundation for their continued support and shared vision of using computation to reduce the potential for safety issues in preclinical and clinical research and significantly lower the cost and risk of drug development." The majority of revenue associated with the additional funding is expected to be recognized in 2025.
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HSDT | Hot Stocks08:35 EST Helius Medical provides update on PoNS device pricing regulation - Helius Medical provided updates on its efforts to achieve fair market access for its Portable Neuromodulation Stimulator - PoNS - device. "We disagree with the proposed pricing for the PoNS Mouthpiece and are disappointed CMS has once again mapped the Controller pricing to a code for fundamentally different technology," said CEO Dane Andreeff. "In the face of this challenge our team's response has been impressive as we continue to pursue fair market access for Medicare's Multiple Sclerosis patients with balance and gait deficit. At the November 8th HCPCS Level 2 Public meeting we again refuted CMS' methodology and presented compelling evidence in support of fair pricing for the PoNS device. Our diligent response and extensive evidence, outlined here today, has been successfully understood by the VA and a private payor. We are hopeful CMS can reach the same conclusions, and we will continue to support their reassessment." CMS issued pricing determinations for both the PoNS Controller and Mouthpiece that the company believes reflect incomplete information and erroneous assessments of the technology, which currently preclude market access to PoNS device prescriptions for Medicare's patients with balance and gait deficits. Helius has requested a meeting with CMS to occur prior to the effective date in an attempt to correct the pricing. Helius plans to request the Controller pricing to be set in tandem with the Mouthpiece on January 1st. Enduring a third review cycle for PoNS Controller pricing and the uncertain timeline has delayed access to PoNS Therapy for qualified MS patients and delayed Helius' commercial launch. The process has impacted the company's market value and impeded its ability to access public markets to finance its operations, leading to the pursuit of strategic alternatives.
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ISPR | Hot Stocks08:35 EST Ispire Technology, IKE Tech announce pre-PMTA submission meeting with FDA - Ispire Technology and IKE Tech, a joint venture among three leading technology and research companies Ispire, Touch Point Worldwide d/b/a Berify and Chemular, announced a successful in person pre-PMTA, Pre-Market Tobacco Product Application, submission meeting with FDA's Center for Tobacco Products, CTP, for their Age Verification technology, designed to allow adult access to electronic nicotine delivery systems, ENDS, while preventing youth access to such products at point-of-use. This critical regulatory milestone marks an important step in the journey to provide an innovative, secure universal solution aimed at preventing youth access to ENDS and expanding the market for adults who choose to use flavored PMTA-authorized products. The IKE Tech Identity and Age Verification technology unlocks opportunities for adults who choose to use flavored vapor products while introducing a pioneering approach to reducing youth access and usage.
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CAAP | Hot Stocks08:34 EST Corporacion America Airport reports October traffic down 4% - Corporacion America Airport reported a 4% year-on-year decrease in passenger traffic in October. Excluding Natal for comparison purposes, total traffic in October decreased by 1.6% YoY.
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NVRO | Hot Stocks08:33 EST Nevro announces publication of new data on Nevro1 SI Joint Fusion System - Nevro announced the publication of new data in Medical Devices: Evidence and Research, which demonstrate the superiority of the Nevro1 SI Joint Fusion System, a posterior integrated transfixation cage system offering enhanced stability, minimized bone removal and increased fusion potential compared to a posterolateral cylindrical threaded single-implant system. Nevro1's performance also showed that it is equivalent in osteopenic bone when compared to a lateral triangular rod system in healthy bone. Results concluded: Nevro1 and the lateral triangular rods produced equivalent motion reduction in all motion planes. Posterolateral cylindrical threaded implant produced less motion reduction than Nevro1 and lateral implants in flexion-extension. Using Nevro1 for the treatment of SI joint-related pain allows for the most surface area for fusion, which provides a significantly better opportunity for robust SI joint arthrodesis.
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WGS | Hot Stocks08:33 EST GeneDx appoints Heidi Chen as chief legal officer - GeneDx announced the appointment of Heidi Chen as chief legal officer, effective November 25. In her role, Heidi will report to Katherine Stueland, CEO and president, and will serve on the executive leadership team. With over 30 years of experience, Heidi will lead all legal, compliance, and policy functions at GeneDx and will provide strategic counsel on corporate governance, intellectual property, regulatory matters, federal policy, compliance and more.
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EKSO | Hot Stocks08:32 EST Ekso Bionics to showcase device technology in 'AI for Good' Webinar - Ekso Bionics Holdings announced that Katherine Strausser, Principal Controls Engineer at Ekso Bionics, will be participating in an 'AI for Good' webinar. The webinar, entitled "AI-powered Exoskeletons Revolutionizing Rehabilitation and Mobility", will take place on Tuesday, November 19 at 10:00 a.m. ET. The session will explore the latest exoskeleton technologies and challenges, illustrating how these technologies are not just assisting in overcoming physical limitations but are paving the way for a new era in medical rehabilitation.
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UAVS | Hot Stocks08:31 EST AgEagle invited to White House for key discussions on commercial UAVs - AgEagle Aerial Systems announces the company recently attended the White House by invitation to engage in strategic discussions regarding the future of commercial unmanned aerial vehicles. The meeting assembled key stakeholders from the UAV industry along with government officials from the National Security Council and National Economic Council to explore a variety of issues including supply chain security, manufacturing, and policies related to beyond visual line of sight operations in U.S. airspace. AgEagle CEO Bill Irby commented, "We are honored to have been invited to the White House to discuss the transformative potential of the commercial UAV market. This invitation underscores our commitment to innovation and its contributions to the trajectory of drone technology in the United States. This dialogue is an important step toward fostering collaboration between the private sector and government, ensuring that we harness and scale the benefits of this technology in the most effective and responsible manner. We look forward to future opportunities to strengthen our support for safety and compliance measures as the use of UAVs to provide precise real-time intelligence continues to grow in both the government and commercial markets."
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INTS | Hot Stocks08:31 EST Intensity Therapeutics presents INT230-6 Phase 1/2 daya in Sarcoma - Intensity Therapeutics announced that Christian Meyer M.D., Ph.D., Assistant Professor of Oncology and lead medical oncologist for adult sarcoma patients at Johns Hopkins University's Sidney Kimmel Cancer Center, presented final safety and efficacy data from the Company's Phase 1/2 clinical trial of INT230-6 that was used as a monotherapy in patients with relapsed, refractory, and metastatic sarcomas, along with an overview of the Company's ongoing INVINCIBLE-3 Study design. Phase 1/2 Study: Efficacy: The mOS in the mixed sarcoma population: 21.3 months for INT230-6; The mOS had not been reached with 21.4 months of median follow-up for patients who received a cumulative INT230-6 dose volume that was greater than 40% of their total tumor burden INT230-6 extended overall survival in refractory sarcoma subjects by nearly 15 months as monotherapy when compared to a synthetic control group based on the Royal Marsden Hospital scoring method; Sarcoma population's overall disease control rate: 93.3% at 2 months; Median duration of response: 4.0 months and 11.3 months for subjects who received a cumulative dose of greater than or equal to 40% of the total incoming total tumor burden INT230-6 demonstrated an increase in T-cells within the tumors. 27% of patients had uninjected tumors shrink, though tumors less than 1 cm were uninjected, untracked and unreported by investigators, so the true abscopal percentage is unknown; further radiomics work is on-going; Safety: INT230-6 demonstrated a favorable safety profile and was well-tolerated; 3 subject had one or more drug regimen-related Grade greater than or equal to 3 Treatment Emergent Adverse Events; all were grade 3
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FATE | Hot Stocks08:29 EST Fate Therapeutics' FT522 shows efficacy in Phase 2 B-cell lymphoma trial - Fate Therapeutics presented initial clinical and translational data from the company's Phase 1 study of FT522 in relapsed / refractory B-cell lymphoma at the American College of Rheumatology Convergence in Washington, D.C. FT522 is the company's off-the-shelf, CD19-targeted chimeric antigen receptor - CAR - natural killer - NK - cell product candidate that incorporates multiple novel synthetic controls of cell function designed to target and deplete pathogenic immune cells, and is the company's first product candidate to integrate its alloimmune defense receptor technology to enable effective treatment of patients without administration of intense conditioning chemotherapy. The Phase 1 basket study for B cell-mediated autoimmune diseases is designed to assess FT522 as add-on to standard-of-care induction and maintenance regimens without conditioning chemotherapy. Initial Phase 1 clinical data in relapsed / refractory B-cell lymphoma show favorable safety profile, complete responses, and persistence of FT522 live cells. Selective targeting and reduction of CD19+ B cells was observed with each FT522 dose in the study's first low-dose cohort without conditioning chemotherapy, supporting novel ADR technology.
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GALT | Hot Stocks08:28 EST Galectin Therapeutics presents three abstracts at AASLD 2024 Liver Meeting - Galectin Therapeutics announced the presentation of three posters on the ongoing NAVIGATE trial in patients with MASH cirrhosis and portal hypertension at the American Association for the Study of Liver Diseases's annual meeting 2024 Liver Meeting, being held November 15-19, 2024 in San Diego, California. "We are excited to share latest clinical data from our ongoing NAVIGATE trial of belapectin for the prevention of esophageal varices in patients with MASH cirrhosis and portal hypertension. We show that a centralized evaluation system can be designed for consistent and effective assessment of esophageal and gastric varices, which is critical for advancing clinical research in this population with high unmet need. We also provide an in depth look at baseline characteristics of the patient enrolled in our NAVIGATE trial," said Khurram Jamil, M.D., Chief Medical Officer of Galectin Therapeutics. "In another key finding, our research reveals that among patients with compensated MASH cirrhosis with reduced platelet counts and radiologic signs of portal hypertension, approximately one-third have detectable esophageal varices upon screening. These findings underscore the need for reliable screening and targeted therapies in this vulnerable patient population. These clinical data are of great importance as we look forward to sharing the readout of our NAVIGATE trial before the end of the year."
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TOYO | Hot Stocks08:27 EST Toyo provides update on 2024 performance, guidance for 2025 - TOYO provided an update on its anticipated business performance for the full year 2024, and announced preliminary guidance for 2025, reflecting the Company's ongoing commitment to growth and innovation in the renewable energy sector. 2024 Performance Updates: Projected Shipments: Cell shipments are expected to reach 1.7-1.8 GW in 2024, representing a slight decrease from the previously announced 1.9 GW annual target, mainly due to reduced delivery to U.S customers affected by anti-dumping and countervailing duty investigations by the U.S. Department of Commerce and International Trade Commission; Expected Net Income: The Company expects to achieve net income of approximately $10 million in 2024. 2025 Financial Guidance: Projected Shipments: For the full year 2025, TOYO anticipates solar cell shipments to reach 3.5 GW, fueled by robust demand from utility-scale end customers and new capacity from the Company's 2 GW cell manufacturing facility in Ethiopia. Expected Net Income: The Company forecasts net income to reach $33 million, reflecting continued growth and improved margins as operational efficiencies are realized.
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ALLR | Hot Stocks08:27 EST Allarity reports progress in Phase 2 stenoparib trial - Allarity Therapeutics provided a corporate update highlighting three significant developments: extended treatment duration for patients in its ongoing Phase 2 stenoparib trial, a strengthened cash position supporting initiation of a follow-up FDA registrational trial, and new revenue-generating activities from Allarity's laboratory services. Two patients in Allarity's Phase 2 clinical trial of stenoparib for advanced, recurrent ovarian cancer have now been on treatment for over 14 months, a remarkable duration of benefit given the heavily pretreated status of these patients. This extended duration further reinforces the potential of stenoparib as a promising treatment option for advanced ovarian cancer patients who have already undergone multiple lines of therapy, including prior PARP inhibitors. With a cash balance of $18.5 million as of September 30, 2024, Allarity Therapeutics is well-positioned to advance its clinical development programs. This solid financial foundation enables the Company to confidently initiate the next trial to advance stenoparib toward FDA registration. Allarity Therapeutics is also pleased to announce that its in-house Allarity Medical Laboratory has expanded from solely focusing on supporting internal drug development to securing external service agreements, with multiple biotech companies now leveraging the Company's advanced gene expression and diagnostic capabilities. This important expansion positions Allarity Medical Laboratory as a direct provider of revenue-generating, high-precision genomic services, establishing it as a valuable complementary asset for the Company. These service agreements include contracts for both Drug Response Predictor analysis and comprehensive gene expression services, reflecting Allarity's leading technology and ability to provide insights to other innovators in the biotech field. The revenue generated from such agreements significantly reduce Allarity's overall laboratory cost base while advancing the position of Allarity's proprietary DRP platform within the industry and supporting broader scientific advancements in oncology.
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WAVE | Hot Stocks08:26 EST Eco Wave Power receives final permit for Wave Energy Project - Eco Wave Power announces it has received the final Nationwide Permit, NWP, from the U.S. Army Corps of Engineers for its wave energy project at AltaSea's premises at the Port of Los Angeles. This milestone marks a significant step forward in the development of Eco Wave Power's pioneering wave energy project, which is set to become the first onshore wave energy installation in the United States. The permit, issued under NWP 52 for Water-Based Renewable Energy Generation Pilot Projects, authorizes Eco Wave Power to install eight wave energy floaters on the piles of an existing concrete wharf structure on the east side of Municipal Pier One.
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BREA | Hot Stocks08:25 EST Brera Holdings says valuations soar in Italy's Serie B Pro Football League - Brera Holdings analyzed data from Transfermarkt, which shows that, from June 15, 2024, to November 12, 2024, the market values of Italian Serie B clubs and players have surged. However, the 2024/25 season has also exposed challenges for certain teams, with declines in club valuations reflecting the competitive and financial hurdles faced by Serie B clubs in Italy. Given that Brera Holdings announced in September 2024 that it signed an exclusive letter of intent to acquire an Italian Serie B club, it is excited about the overall positive trends across the league. As of November 12, 2024, several teams in Serie B have seen notable changes in their roster valuations: Pisa Sporting Club saw a 68.6% increase, with their valuation rising from EUR 27.35M in June 2024 to EUR 46.1M in November 2024. Carrarese Calcio 1908 recorded a 151% jump, going from EUR 5.25M to EUR 13.18M, highlighting their promising future after a strong start to the season. SS Juve Stabia, newly promoted from Serie C, saw their valuation increase by 146.7%, from EUR 4.23M to EUR 10.43M, underlining the excitement around their ascent. Cesena FC also performed well with a 143.4% increase, climbing from EUR 9.4M to EUR 22.88M, driven by their strong performance that currently places them 4th in Serie B standings, behind Pisa Sporting Club, US Sassuolo, and Spezia Calcio. Other clubs like Modena FC, Spezia Calcio, and Brescia Calcio have shown consistent growth, while teams such as UC Sampdoria and US Salernitana 1919 have faced significant club valuation declines, reflecting their struggles on and off the pitch.
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MBRX | Hot Stocks08:25 EST Moleculin Biotech announces new findings on Annamycin - Moleculin Biotech announced new findings supporting the ability of Annamycin to overcome resistance to Venetoclax in acute myeloid leukemia. This includes data from preclinical in vitro studies recently accepted for online publication at the upcoming American Society of Hematology, ASH, Annual Meeting, and correlates with efficacy demonstrated by recent preliminary clinical data in subjects who were relapsed from or refractory to first line Venetoclax regimens and were then treated with Annamycin in combination with Ara-C. Preclinical data accepted for online publication at ASH Annual Meeting reveal significant activity of Annamycin in Venetoclax resistant AML model. New preliminary clinical results show Annamycin plus Ara-C achieved 60% CR/CRi in subjects who were relapsed from or refractory to Venetoclax regimens; more than 4 times greater than published historical rates. Annamycin demonstrates an even greater potential than previously reported to address a significant AML patient population for which treatment options are extremely limited. New data from MB-106 trial show median overall survival of 11.6 months in subjects receiving AnnAraC as 2nd line therapy
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ANIX | Hot Stocks08:24 EST Anixa Biosciences initiates third cohort in CAR-T clinical trial - Anixa Biosciences announced that it has dosed its first patient in the third cohort in the ongoing Phase 1 clinical trial of its novel chimeric antigen receptor-T cell therapy for recurrent ovarian cancer. The study is being conducted through a research partnership with Moffitt Cancer Center.
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NNDM | Hot Stocks08:23 EST Nano Dimension urges shareholders to vote for company proposals - Nano Dimension reminded shareholders that the final deadline to vote at the Company's 2024 Annual General Meeting is 11:59 p.m. ET on Sunday, December 1st, 2024. Nano's Board of Directors urges the Company's shareholders to protect their investment and the Company's future by voting "FOR" ALL of Nano's proposals and AGAINST Murchinson's proposals. 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.
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CTVA BP | Hot Stocks08:23 EST Corteva announces intent to partner with bp - Corteva (CTVA) announced a collaboration with bp (BP) on the companies' shared intent to form a crop-based biofuel feedstock joint venture, JV. The JV envisaged by Corteva and bp would produce and deliver crop-based biofuel feedstocks to help meet the anticipated growth in demand for 'sustainable aviation fuel'. "This partnership is proof positive that agriculture can continue to be part of the solution to the world's decarbonization opportunities, including by leveraging Corteva's technology, global scale, and unique grower relationships. We are excited at the prospect of partnering with bp to help the European airline industry become more sustainable while giving farmers a new source of income," said Corteva Chief Strategy Officer, Brook Cunningham.
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LOCO | Hot Stocks08:22 EST El Pollo Loco extends Taco Tuesday offering, adds Apple/Google pay capabilities - El Pollo Loco announces additional measures to offer their customers even greater value and convenience. On October 29, the brand shared they would be offering two tacos for $5 every Tuesday through the end of the year at participating locations, with special deals for Loco Rewards members above and beyond the two-for-$5 Tuesday promotion. The brand announces that their Original Pollo Bowl is also priced at $5 through the end of January. Another way the brand is meeting customer demand is with the addition of Apple and Google Pay options to the Loco Rewards app. Beginning in December, Loco Rewards Members will have the added convenience of these mobile payment options when placing an order. This new feature is a result of customer service requests along with online and social media comments from fans asking for the additional payment method option. The two tacos for $5 promotion is valid every Tuesday through December 31, 2024, at participating locations. The $5 Original Pollo Bowl promotion will run through January 29, 2025, at all El Pollo Loco locations. Apple and Google Pay options are permanent features that will be added to the Loco Rewards loyalty app in December 2024.
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NRBO MTVA | Hot Stocks08:21 EST NeuroBo Pharmaceuticals announces relignment, change name - NeuroBo Pharmaceuticals (NRBO) announced a strategic realignment, ahead of important clinical milestones, with a corporate name change to "MetaVia Inc.," which will be effective on November 29, 2024. In parallel, the Company's common stock will begin trading on the Nasdaq Stock Market under the new ticker symbol, "MTVA," which is expected to be operative as of the Effective Date. As part of its corporate name change, the company will also launch a new website, metaviatx.com, and a new company logo, on the Effective Date.
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FATE | Hot Stocks08:21 EST Fate Therapeutics presents 6-month data on first lupus patient - Fate Therapeutics presented initial clinical and translational data from the first patient treated in its FT819 Phase 1 Autoimmunity study for moderate-to-severe systemic lupus erythematosus - SLE - at the American College of Rheumatology Convergence in Washington, D.C. The patient, a 27-year-old African American-Asian woman diagnosed with lupus nephritis, or LN, over ten years ago, received fludarabine-free conditioning followed by a single dose of FT819. The patient achieved clinical remission and low lupus disease activity state as of Month 6 follow-up. The patient continues on-study, in clinical remission, and free of all immunosuppressive therapies as of a data cutoff date of November 11. FT819 is the company's off-the-shelf product candidate. As of the data cutoff date, the patient has experienced no Grade greater than or equal to3 AEs, no serious adverse events, and no events of any grade of cytokine release syndrome, immune effector-cell associated neurotoxicity syndrome or graft-versus-host disease. The patient reported that her debilitating fatigue had entirely resolved without further treatment. As of the data cutoff date, the patient continues in DORIS clinical remission and remains free of all immunosuppressive therapy. The company plans to present clinical and translational data from the first three patients at the American Society of Hematology Annual Meeting being held in San Diego, CA on December 7-10.
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SGMT | Hot Stocks08:20 EST Sagimet Biosciences presents clinical denifanstat, preclinical FASN inhibitor da - Sagimet Biosciences announced the presentation of Phase 2b data demonstrating the anti-fibrotic activity of its fatty acid synthase inhibitor denifanstat, and preclinical data demonstrating potential benefit of FASN inhibition in atherosclerosis, at the American Association for the Study of Liver Disease - The Liver Meeting 2024, November 15-19, 2024 in San Diego, California. A poster titled "Denifanstat significantly improves liver fibrosis in difficult-to-treat MASH patients - Results from conventional and AI-based pathology from the phase 2b FASCINATE-2, a 52-week randomized, double-blind, placebo-controlled trial," was presented by Rohit Loomba, M.D., M.H.Sc., Professor of Medicine, Chief, Division of Gastroenterology and Hepatology, and Director, MASLD Research Center, University of California San Diego, the primary investigator of the FASCINATE-2 trial. Denifanstat treatment improved fibrosis by greater than or equal to 1 stage without worsening of MASH in the higher-risk patient subgroups described below. Observed improvements by conventional pathology reading included: F3 population: 49% denifanstat vs 13% placebo; GLP1 receptor agonist population: 42% denifanstat vs 0% placebo; Type 2 diabetes population: 40% denifanstat vs 19% placebo; PNPLA3 I148 carrier population: 30% denifanstat vs 6% placebo;Strong consistency in fibrosis improvement was observed between conventional and AI-based pathology in the F3 population. Denifanstat treatment improved fibrosis by greater than or equal to 1 stage in more than 50% of F3 patients as follows: AI-based: 62% denifanstat and 26% placebo; Conventional: 55% denifanstat and 26%; An oral presentation titled "AI-based digital pathology shows that denifanstat improves multiple parameters of fibrosis and reduces progression to cirrhosis in MASH patients with F2/F3 fibrosis - results of the FASCINATE-2 study," was presented by Mary Rinella, M.D. In this analysis, second harmonic generation microscopy AI-based digital pathology was used to evaluate pre- and post-treatment liver biopsies. Denifanstat showed statistically significant liver fibrosis improvement, particularly in the portal and peri-portal regions. Improvement was observed with AI-based digital pathology not only in patients with greater than1-stage fibrosis improvement but also in patients with "no change" in fibrosis stage by conventional reading, representing important mechanistic insights provided by the AI-based platform. Select fibrosis parameters in the periportal and portal regions are part of AI-based composite score that have been recently linked to liver outcomes and mortality. Overall, both AI and conventional pathology readings demonstrated denifanstat's strong anti-fibrotic activity in MASH patients, including those with high risk of progression. These data reflect the unique mechanism of action of denifanstat and support the initiation of phase 3 trials. Lastly, a poster titled "Fatty acid synthase inhibitor reduces atherosclerosis development in diet-induced dyslipidaemia LDL receptor knockout mice with MASH," was presented by Wen-Wei Tsai, Ph.D. In this mouse model, treatment with a FASN inhibitor that is a preclinical surrogate for denifanstat rapidly reduced circulating cholesterol, triglycerides and inflammatory markers associated with atherosclerosis, including CCL4 and CXCL2. The FASN inhibitor also reduced total atherosclerotic lesion area in the aortic root and improved liver steatosis, inflammation and fibrosis. These preclinical results suggest that a FASN inhibitor such as denifanstat could potentially provide benefits in cardiovascular as well as liver health, supporting the clinical evaluation of denifanstat for long term outcomes in MASH patients.
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SMLR | Hot Stocks08:18 EST Semler Scientific provides update on recent BTC, ATM activity - Semler Scientific announced that, during the period between November 6, 2024 and November 15, 2024, it acquired 215 bitcoins for $17.7 million in cash, at an average price of $82,502 per bitcoin, inclusive of fees and expenses. As of November 15, 2024, Semler Scientific held an aggregate of 1,273 bitcoins, which were acquired at an aggregate purchase price of $88.7 million and an average purchase price of $69,682 per bitcoin, inclusive of fees and expenses. As previously disclosed in Semler Scientific's registration statement on Form S-3 that became effective on August 13, 2024, Semler Scientific entered into a Controlled Equity Offeringsm Sales Agreement with Cantor Fitzgerald & Co., pursuant to which Semler Scientific may issue and sell from time to time up to $50.0 million of its common stock in an at-the-market offering.
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ACRS | Hot Stocks08:17 EST Aclaris Therapeutics enters global license agreement with Biosion - Aclaris Therapeutics has entered into an exclusive license agreement with Biosion for worldwide rights to BSI-045B, a potential best-in-class, clinical-stage, novel anti-TSLP monoclonal antibody, and BSI-502, a potential best-in-class, pre-clinical stage, novel bispecific antibody that is directed against both TSLP and IL4R. In a completed Phase 2a, single-arm, proof-of-concept trial in the United States in 22 patients with moderate to severe atopic dermatitis, BSI-045B was observed to have a pharmacodynamic, safety and efficacy profile that could position it as a potential best-in-class therapy. BSI-045B is also being advanced in multiple Phase 2 studies in China by Biosion's regional partner, Chia Tai Tianqing Pharmaceutical Group, targeting both severe asthma and chronic rhinosinusitis with nasal polyps, accelerating the potential to show proof-of-concept across additional indications. Biosion is a global biotechnology company that has built a pipeline of innovative biologics through its internally derived proprietary technologies. Concurrent with the Biosion transaction, Aclaris has made two key additions to its leadership team: Hugh Davis, Ph.D., joins as President and COO, bringing over 35 years of experience in biologics development, clinical pharmacology, and business development from leadership roles at Biosion, Frontage, GSK, and Johnson & Johnson. Steven Knapp, PharmD, joins as Executive Vice President, Head of Regulatory & Quality, with over 35 years of regulatory and quality experience from senior positions at Biosion, Antares, Valeant, and BMS.
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MBX | Hot Stocks08:15 EST MBX Biosciences completes last visit in Phase 1 MBX 1416 trial in hypoglycemia - MBX Biosciences completed the last subject's last visit in its Phase 1 single and multiple ascending dose trial of MBX 1416, the company's long-acting glucagon-like peptide 1 receptor antagonist in development for the treatment of post-bariatric hypoglycemia. The company expects to share full-topline results in early January 2025. The Phase 1 clinical trial is a randomized, double-blind, placebo-controlled study designed to evaluate the safety, tolerability, pharmacokinetics, and pharmacodynamics of single and multiple ascending doses of MBX 1416 in healthy adult participants. The primary endpoint is safety and tolerability, and secondary endpoints include pharmacokinetics and pharmacodynamics.
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NVS | Hot Stocks08:15 EST Novartis, Radio Therapeutics enter license, collaboration agreement - Ratio Therapeutics entered today into an exclusive worldwide license and collaboration agreement with Novartis Pharma AG, a subsidiary of Novartis. The collaboration leverages Ratio's radioligand therapy discovery and development expertise as well as its technology platforms for the development of a Somatostatin Receptor 2 (SSTR2) radiotherapeutic candidate for cancer. Under the terms of the agreement, Ratio will receive combined upfront and potential milestone payments up to $745m, and is eligible to receive tiered royalty payments. Ratio will collaborate with Novartis to drive preclinical activities to research and select an SSTR2-targeting development candidate. Novartis will assume responsibility for all remaining development, manufacturing, and commercialization activities.
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AVY | Hot Stocks08:14 EST Avery Dennison CFO Lovins on medical leave of absence - In a regulatory filing on Friday, Avery Dennison noted that on November 14, Gregory Lovins, Senior Vice President and Chief Financial Officer of corporation, began a medical leave of absence. Lovins ceased serving as the company's principal financial officer as of that date. On November 14, the company's board elected Danny Allouche as the company's Senior Vice President and Interim Chief Financial Officer, effective November 15. Allouche has served as the company's Senior Vice President and Chief Strategy and Corporate Development Officer since August 2022, after having served as Vice President, Chief Strategy and Corporate Development Officer, from April 2021 to July 2022, the company noted. "Allouche will retain his current role as Chief Strategy and Corporate Development Officer in addition to assuming the responsibilities as the Company's interim principal financial officer," Avery Dennison stated. Reference Link
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GNS | Hot Stocks08:13 EST Genius Group launches Bitcoin Treasury with purchase of 110 bitcoin - Genius Group had completed the purchase of 110 Bitcoin for $10 million, at an average price of $90,932 per Bitcoin. The purchase follows the Company's announcement on November 12 of its "Bitcoin-first" strategy in which it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin. The $10 million of Bitcoin purchased since the announcement is the first of ongoing purchases the Company intends to make towards its target. Roger Hamilton, Genius Group's CEO will be hosting a Podcast as part of its Bitcoin & Blockchain Education Series at 9.00am Eastern Time on Tuesday, November 19.
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FTLF | Hot Stocks08:12 EST FitLife Brands reponds to investor questions on registration statement - FitLife Brands responds to questions from investors regarding its filing of a registration statement with the SEC. On Thursday, November 14th, 2024, the Company filed a shelf registration statement on Form S-3 with the SEC. On its earnings call, the Company addressed the filing of the S-3. In response to investor questions, the Company is repeating the information provided by management on the earnings call. In his prepared remarks during the conference call, the Company's CEO, Dayton Judd, stated, "This afternoon, the Company filed a shelf registration statement with the SEC, and I want to take a few minutes to talk through that decision. Close to 50% of eligible exchange-traded companies in the U.S. have an effective shelf registration statement. These are inexpensive to put in place, but they provide a high degree of flexibility if a scenario ever arises where a company wants to raise capital. When declared effective, our shelf will permit sales of stock by either the Company or by Sudbury Capital Fund, our largest shareholder, in a registered offering. You can look at our track record of not diluting shareholders over the years and be confident that if the Company ever decides to sell shares, there will be a really good reason. While neither the Company nor Sudbury has any current plans to sell equity, having an effective shelf registration statement is just good corporate hygiene, and that is why we are putting one in place." Later in the call, in response to an investor question about the S-3, Mr. Judd stated, "The likelihood of us needing to raise equity as a company is very slim."
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LSEA | Hot Stocks08:12 EST Landsea Homes signs 14,725-square-foot long-term lease in Irving, Texas - Landsea Homes has signed a 14,725-square-foot long-term lease at Tower 1320 in Irving, Texas, which will serve as the company's Dallas-Fort Worth division headquarters, at 1320 Greenway Drive.
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LPCN | Hot Stocks08:11 EST Lipocine announces publication, discussion of LPCN 1148 - Lipocine announced the publication and discussion of a manuscript "Oral LPCN 1148 Improves Sarcopenia and Hepatic Encephalopathy in Male Patients with Cirrhosis: a randomized, placebo-controlled Phase 2 trial" in the journal Hepatology and discussion at The Liver Meeting 2024 Editor's Cut: Clinical Study Session. The results at 24 weeks showed that LPCN 1148 therapy resulted in a significant improvement in sarcopenia when compared with placebo. Furthermore, despite most participants already on background therapies for HE, participants receiving LPCN 1148 also experienced significantly fewer episodes of overt hepatic encephalopathy compared to those on placebo. Additional beneficial effects of LPCN 1148, including improved muscle quality, hemoglobin, and patient reported symptom improvement are also covered in the manuscript.
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CTNM | Hot Stocks08:11 EST Contineum announces FDA authorization for PIPE-791 - Contineum announced authorization of its investigational new drug, or IND, application from FDA for PIPE-791 for the treatment of chronic pain associated with two separate indications, osteoarthritis, or OA, and low back pain, or LBP. PIPE-791 is a novel, brain penetrant, small molecule antagonist of the lysophosphatidic acid 1 receptor. The exploratory Phase 1b, randomized, double-blind, placebo-controlled, crossover, multi-center study is expected to begin in the first quarter of 2025. The company expects to enroll approximately 40 patients at up to five sites, and a treatment duration of 28 days. Contineum anticipates topline data from the PIPE-791 Phase 1b chronic pain study in early 2026.
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HUMA | Hot Stocks08:11 EST Humacyte's sdATEV device shows efficacy in artery bypass trial in primates - Humacyte Presents Preclinical Results of Small-Diameter ATEV(TM) for Coronary Artery Bypass Grafting at American Heart Association's Scientific Sessions 2024 - sdATEVs maintained sustained patency throughout the six-month study - - sdATEV was observed to recellularize with host cells and remodel to effectively reduce the initial size mismatch between the sdATEV and the animal's native artery - Humacyte presented positive preclinical results of the small-diameter acellular tissue engineered vessel - sdATEV - in a non-human primate model of coronary artery bypass grafting, or CABG. In the six-month preclinical CABG model the sdATEV was observed to sustain patency - blood flow -, recellularized with the animals' host cells, and remodeled to effectively reduce the initial size mismatch between the sdATEV and the animals' native artery. The preclinical results were presented in a poster at The American Heart Association's Scientific Sessions 2024 meeting on November 16 in Chicago. All sdATEVs maintained patency throughout the study. The baboon study provided an effective model for demonstrating the feasibility, mechanical durability and capacity for host-cell remodeling of the sdATEV for CABG. After implantation, the sdATEV was observed to recellularize with host cells and remodel to form a multi-layered tissue including transanastomotic neomedial tissue that effectively reduced the initial size mismatch with the RCA. The neomedial tissue observed at six months was predominantly composed of quiescent contractile smooth muscle cells under a lining of functional endothelial cells. There are over 400,000 CABG procedures each year in the U.S. The ATEV is an investigational product and has not been approved for sale by the FDA or any other regulatory agency.
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SUNS | Hot Stocks08:10 EST Sunrise Realty Trust commits $23M in subordinate loan for Excel Miami Apartments - Sunrise Realty Trust has committed $13.0 million to a $26.0 million subordinate loan for the development of the Excel Miami Apartments, a 24-story multifamily tower located at 1550 NE Miami Place in Miami's Art & Entertainment District. An affiliated entity committed the remaining $13.0 million of the total loan amount. Centennial Bank provided a $68.5 million senior construction loan, with Jay Brito orchestrating the senior loan transaction. The Sponsor is Clearline Real Estate, a real estate investment and development firm led by Jenny Bernell. Clearline is headquartered in New York and Miami and focuses on multifamily real estate investments across growing U.S. regions. Excel Miami Apartments is designed to blend modern living with the vibrant artistic culture of downtown Miami. The development was envisioned by design architect Arquitectonica, elevating the standard of multifamily architecture in the area with a sleek, contemporary aesthetic. The Project will total 214,183 rentable square feet, with 427 apartments offering studio, one-bedroom, two-bedroom and 13 townhouse loft units. The building's amenity floor will feature 18' ceilings and includes a pool, yoga deck, fitness room, co-working space, screening room and podcast suites. Located near the Metromover School Board Station, Excel offers a transit-friendly lifestyle in the heart of Miami, making it an ideal option for professionals seeking convenience and connectivity.
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CMTL | Hot Stocks08:10 EST Comtech in 'amicable resolution' with Porcelain/Kornberg/Timoshenko Group - Comtech Telecommunications announced that its Board of Directors entered into a cooperation agreement with Michael Porcelain, Fred Kornberg, and Oleg Timoshenko the "Investor Group. Pursuant to the agreement: Comtech has appointed Michael Hildebrandt, Senior Investment Professional at Freshford Capital Management, to the Board, effective immediately; The Board will appoint an additional new independent director mutually acceptable to both Comtech and the Investor Grou Two of Comtech's current directors will not stand for reelection at the Company's Fiscal 2024 Annual Meeting of Stockholders; The Investor Group will support Comtech's slate of directors for election at the 2024 Annual Meeting and will withdraw its nomination of eight directors for election at the meeting; The Investor Group has agreed to customary standstill restrictions and voting commitments until the nomination deadline for Comtech's Fiscal 2025 Annual Meeting, or until the nomination deadline for Comtech's Fiscal 2026 Annual Meeting if the Company nominates Michael Hildebrandt and the Additional Director for reelection at the Fiscal 2025 Annual Meeting. The Company and the Investor Group made the following statement: "We are pleased to have reached this agreement which adds Michael Hildebrandt to the Board. Together with the future additional independent director and the recent appointment of Ken Traub, the Comtech Board is being significantly refreshed." With these changes, upon the appointment of the Additional Director, four new directors will have been appointed to the Board since October 28, 2024.
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ATNM | Hot Stocks08:10 EST Actinium highlights development updates for Iomab-B, Actimab-A, Iomab-ACT - Actinium Pharmaceuticals highlighted recent regulatory and development updates for its Iomab-B, Actimab-A and Iomab-ACT ARC clinical programs as well as its financial results for the third quarter ended September 30, 2024. Iomab-ACT is a next-generation CD45 targeted conditioning agent being developed for cell and gene therapies for both malignant and non-malignant hematologic indications. Actimab-A Regulatory and Development Update: Actinium met with the FDA in the third quarter and aligned with the FDA on an operationally seamless randomized Phase 2/3 trial to study Actimab-A + CLAG-M; Actinium continues to evaluate and develop additional Actimab-A clinical trials under its CRADA with the NCI, investigator initiated, or Actinium sponsored studies; Actimab-A selected by NCI for recently opened myeloMATCH precision medicine program for patients with AML and myelodysplastic syndrome. Iomab-ACT Program Update: In the third quarter, the FDA cleared the investigational new drug applications for both the commercial CAR-T study led by the University of Texas Southwestern and the sickle cell trial being led by Columbia University; Commercial CAR-T sales exceeded $3.5 billion in 2023 with multiple CAR-T therapies approved for patients with lymphomas, leukemias and multiple myeloma Columbia University sickle cell transplant trial to study Iomab-ACT for targeted conditioning prior to BMT for the first time in a non-malignant hematology setting, which is a rapidly growing indication for BMT; patient enrollment expected to commence in the first half of 2025. Iomab-B Regulatory Status and Program Update: Actinium is seeking a U.S. strategic partner to advance clinical development of Iomab-B including the Phase 3 trial; Head-to-head Phase 3 trial to enroll adult patients aged 18 and above with active AML with blasts counts greater than 5% and less than 20%, representing a broader patient population than that in the SIERRA trial
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NA | Hot Stocks08:09 EST Nano Labs announces bitcoin as strategic reserve asset - Nano Labs announced its intention to allocate a portion of its excess liquidity to Bitcoin and hold it as a long-term strategic reserve asset. This initiative underscores Nano Labs' confidence in Bitcoin as a reliable store of value amidst its rising global adoption. Recent market trends, including significant price appreciation and widespread investor confidence, have further solidified Bitcoin's position as a resilient financial instrument with enduring growth potential. The decision reflects Nano Labs' commitment to staying at the forefront of financial and technological innovation. By incorporating Bitcoin into its asset strategy, the Company seeks to diversify its portfolio, enhance its resilience against market fluctuations, and align with the evolving dynamics of the global economy.
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STSS | Hot Stocks08:08 EST Sharps Technology regains Nasdaq listing compliance - Sharps Technology announced that on November 13, 2024, the Company was notified by the Nasdaq Stock Market that the Company had regained compliance with the minimum bid price requirement of $1.00 per share for continued listing on the Nasdaq Stock Market, as set forth in Nasdaq Listing Rule 5550(a)(2) as of November 5, 2024.
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CLDI | Hot Stocks08:08 EST Calidi presents data on RTNova systemic technology in metastatic lung cancer - Calidi Biotherapeutics presented data at the International Oncolytic Virotherapy Conference and the Society for Immunotherapy of Cancer Annual Meeting to support the targeted capabilities of its proprietary RTNova systemic enveloped virotherapy technology. This data supports the potential use of RTNova to target every metastatic site in multiple oncology indications including metastatic lung cancer. RTNova is uniquely designed to overcome key challenges in systemic virotherapy, including rapid immune clearance and limited therapeutic targeting. By incorporating enveloped technology into its tumor-selective vaccinia virus platform, RTNova now has the potential to target multiple metastatic tumor sites, killing and transforming, not one, but potentially all tumor microenvironments in the body. Calidi's enveloped virotherapies demonstrated robust therapeutic potential as a monotherapy and as a viral vector, allowing future expansion of functionality to support delivery of therapeutic gene or medicine payloads into all tumor sites. RTNova utilizes a novel, tumor-selective strain of vaccinia virus engineered to produce high levels of extracellular enveloped viruses. These EEVs are designed to integrate human cell-derived proteins enabling the targeting of tumor sites while avoiding rapid clearance by the host immune system. This latest enhancement extends RTNova's utility, making it a versatile platform as a direct antitumor modality, and as a viral vector for customized delivery of cancer treatments. This data will also support the advancement of potential collaborative relationships with pharma partners. Calidi Biotherapeutics continues to advance its clinical-stage, off-the-shelf, virotherapies. With RTNova, the company is planning multi-modal systemic antitumor virotherapies that can disrupt tumor growth, reprogram the tumor immune microenvironment, and achieve durable therapeutic outcomes for a larger patient population.
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AZEK | Hot Stocks08:07 EST Azek in Western U.S. distribution deal with Capital Lumber, no terms - Azek is pleased to announce a new strategic distribution partnership with Capital Lumber... This collaboration will enhance the accessibility of AZEK's industry-leading product portfolio, supporting the Company's growing market presence throughout the region, including Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington..."We are thrilled to partner with Capital to bring our products to more customers across the Western United States. This partnership complements our nationwide network of trusted distributors, further strengthening our ability to deliver premium products and exceptional service," said Jonathan Skelly, President of Residential and Commercial for AZEK. "By leveraging Capital's extensive distribution network and dedicated sales team, we are poised to strengthen our momentum and enhance brand awareness. Together, we aim to drive our businesses forward, fostering growth and success in 2025 and beyond." ..."Capital shares our dedication to providing exceptional service to our customers, fostering collaboration, and driving continuous improvement. We look forward to cultivating this new relationship with their team and ours," concluded Skelly.
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BMEA | Hot Stocks08:07 EST Biomea Fusion's icovamenib shows efficacy in Type 2 diabetes trial - Biomea Fusion announced its presentations at the 1st Annual Asian Conference on Innovative Therapies for Diabetes Management in Singapore, 18-20 November. Biomea will showcase three oral presentations and participate in one industry symposium. T2D is characterized by a progressive decline in beta-cell function while type 1 diabetes is characterized by autoimmune destruction of beta cells leading to hyperglycemia. Preclinical data suggests investigational icovamenib may induce beta-cell proliferation and improve insulin secretion. In the multiple ascending dose portion of the Phase II trial, many T2D participants achieved clinically significant improvements in glycemic control up to 22 weeks after only 4 weeks of daily icovamenib. T2D is a heterogenous disease, characterized by varying degrees of insulin resistance and insulin deficiency. Icovamenib achieved a mean reduction in HbA1c greater than 1% at week 26 following 4 weeks of dosing in Type 2 diabetes patients characterized by insulin deficiency. 32 patients from the 100mg and 200mg cohorts were characterized based on baseline biomarkers and analyzed for efficacy. Patients identified as insulin deficient and insulin resistant were compared to examine the mean reduction in HbA1c at Week 26, following 4 weeks of dosing. 83% of patients with insulin deficiency responded to icovamenib, and showed a greater mean HbA1c reduction at Week 26 compared to baseline, than those that were found to be more insulin resistant. These two patient groups are pre-specified in the upcoming read out of the Phase IIb expansion portion of COVALENT-111 in December, reporting over 200 persons with type 2 diabetes with 8 and 12 weeks of icovamenib treatment.
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SR | Hot Stocks08:06 EST Spire announces CFO Rasche to step down, Woodward to succeed - Spire announced that Steve Rasche will step down as executive vice president and chief financial officer effective Jan. 1, 2025. He will continue to serve as a senior adviser until his retirement on April 1, 2025. Adam Woodard, Spire's vice president and treasurer, will succeed him as executive vice president and chief financial officer effective Jan. 1, 2025.
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RVTY | Hot Stocks08:06 EST Revvity updates organizational structure - Revvity announced it will host an investor day on Thursday, November 21 which will feature presentations by members of Revvity's senior management team on the company's key business initiatives, operational achievements and future financial outlook. The company also announced strategic adjustments to its operating model to unlock the full value of its recent transformation which will be highlighted at the upcoming investor day. Effective FY25, the majority of Revvity's applied genomics business will be integrated into a newly formed Life Sciences Solutions business, encompassing all Life Sciences reagents and consumables, instruments and services, as well as technology and licensing. This re-segmentation aims to streamline operations, drive synergies, and enhance customer focus, positioning Revvity for continued success across its key markets. Beginning in fiscal 2025, Revvity's life sciences reporting segment will consist of life sciences solutions and software, while the diagnostics reporting segment will consist of immunodiagnostics and reproductive health.
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HSDT | Hot Stocks08:05 EST Helius Medical announces exploration of strategic alternatives - Helius Medical Technologies has initiated a process, in consultation with its financial and legal advisors, to explore a range of strategic alternatives focused on maximizing stockholder value. The deferral of a reimbursement payment determination for the PoNS Controller and inadequate PoNS Mouthpiece pricing issued by CMS in October has limited the Company's ability to advance its operations and impeded its access to traditional financing avenues. Helius has engaged B. Riley Securities to act as a financial advisor in connection with the strategic review process. All potential strategic alternatives to maximize value, including an acquisition, merger, reverse merger, other business combination, sale of assets, licensing, and other strategic transactions, will be explored. No updates on the process are expected to be provided during the evaluation period unless and until the Board of Directors has concluded that disclosure is appropriate or required.
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PMD | Hot Stocks08:04 EST Psychemedics reminds stockholders to cast votes for Annual Meeting - Psychemedics Corporation reminds its stockholders to vote ahead of the Company's upcoming annual meeting of stockholders scheduled for November 25, 2024. Each stockholder's vote is important. The Company's Board of Directors recommends that stockholders vote "FOR" each proposal at the annual meeting.Instructions for voting your shares are set forth below. The record date for the annual meeting is October 8, 2024. If you have previously voted your shares and do not wish to change your vote, you do not need to take any action. If you have already voted or given your proxy and wish to change your vote, you should follow the procedures described below and in the proxy materials previously distributed for the annual meeting. Even if you plan to attend the annual meeting, we urge you to vote by proxy in advance.
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ENPH | Hot Stocks08:03 EST Enphase Energy begins shipments for IQ Battery 5Ps produced in the U.S. - Enphase Energy announced initial shipments of IQ Battery 5Ps produced in the United States that can help projects qualify for the Domestic Content Bonus Credit. The Domestic Content Bonus Credit is a tax credit that aims to encourage manufacturing and clean energy deployments in the United States as part of the Inflation Reduction Act. The domestic content bonus tax credit is only available to commercial asset owners, which includes commercial businesses adding solar and PPA/lease providers who own residential solar and battery projects. Projects using Enphase microinverters and batteries supplied from contract manufacturing partners in the United States, as well as a small amount of additional U.S.-made solar racking equipment, could qualify for the tax credits.
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J | Hot Stocks08:01 EST McCarthy-Jacobs joint venture selected to build Torrance Groundwater Desalter - The McCarthy-Jacobs joint venture was selected to design and build the Torrance Groundwater Desalter Expansion, a critical component of Water Replenishment District , WRD, of Southern California's Brackish Groundwater Reclamation Program and its larger "WIN 4 ALL" initiative. The desalination expansion project will treat salt water in the West Coast Groundwater Basin and create a more resilient local drinking water supply for more than 88,000 residents in the area - eliminating the need for imported water.
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VVPR | Hot Stocks07:52 EST VivoPower's Tembo secures full on road homologation VTA for Tembo Tusker - Tembo E-LV has secured full on road homologation vehicle type approval for Tembo Tusker 100% electric utility vehicles across the Australia market. The approval secured by Tembo makes the Tusker only the second full electric ute to receive full on-road homologation in Australia. Tembo is currently in the process of securing similar clearance for Tuskers in New Zealand.Tembo will now seek to fast-track its strategy of bringing the Tuskers to other markets where it has customers and partners, including the United Arab Emirates, Africa, Europe, Asia, and Canada, amongst others.
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GME | Hot Stocks07:49 EST GameStop appoints Nat Turner to Board of Directors - GameStop announced that Nat Turner, Chairman and CEO of Collectors Holdings, has been appointed to the company's Board of Directors.
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TAKOF | Hot Stocks07:49 EST Volatus Aerospace secures DAIR Green Fund grant - Volatus Aerospace has been awarded a grant of up to $75,000 from the Downsview Aerospace Innovation and Research Green Fund to develop and integrate an on-board "detect and avoid" system to deconflict drones from other aircraft, enabling a major step forward in safe and scalable beyond visual line of sight operations. This funding, supported by the Government of Canada through the Federal Economic Development Agency for Southern Ontario, aligns with Volatus' mission to drive sustainable growth in the aerospace sector. Building on the recent merger with Drone Delivery Canada, Volatus' engineering focus has shifted toward technologies with immediate commercial potential. The DAA system, combined with Volatus' recent installation of Kongsberg Geospatial's IRIS Terminal in its Operations Control Center for comprehensive airspace awareness, raises the bar for drone operations, accelerating the path to commercial scalability by providing a robust foundation for BVLOS capabilities. The DAA solution will minimize the need for ground-based human intervention, allowing for more complex, extended routes while maintaining stringent safety standards. By enhancing airspace awareness through the IRIS Terminal, Volatus is rapidly unlocking new operational possibilities and expanding commercial applications of its drone fleet.
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MDCX | Hot Stocks07:48 EST Medicus Pharma appoints Faisal Mehmud as Chief Medical Officer - Medicus Pharma appointed Faisal Mehmud as Chief Medical Officer. Mehmud's career includes senior roles at leading pharmaceutical companies such as Sanofi, Novartis, Bristol Myers Squibb, Pfizer, and GlaxoSmithKline based in London, Paris and Philadelphia. Most recently, Mehmud was the SVP, Data Generation and Scientific Communications in Worldwide Global Medical Affairs at GlaxoSmithKline. Before GSK, Mehmud was with Pfizer, where he served in various roles including as Vice President and Worldwide Medical Franchise Head for Precision Medicine and Early Oncology Development. Mehmud has also held leadership roles at Bristol Myers Squibb, including as Vice President in global drug safety. The company also promoted Edward Brennan to Chief Scientific Officer and Head of R&D program. Brennan, who was mostly recently the company's Chief Medical Officer, has over 30 years of drug development experience. He has held senior medical leadership roles at major companies, including Wyeth, GlaxoSmithKline, and IndiPharm.
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TRNR | Hot Stocks07:44 EST Interactive Strength to exhibit CLMBR at Athletic Business Show - Interactive Strength announced that the Company will be exhibiting CLMBR to focus on Military and College/High School accounts at the Athletic Business Show on November 19-22 in New Orleans, Louisiana.
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NLSP | Hot Stocks07:43 EST NLS Pharmaceutics highlights preclinical program for AEX-41, AEX-2 - NLS Pharmaceutics provided insights into the preclinical program evaluating its dual orexin receptor agonist platform. AEX-41 and AEX-2, two first-in-class non-sulfonamide DOXAs, are designed to target both orexin-1 and orexin-2 receptors while concurrently inhibiting cathepsins. This unique approach aims to address the unmet therapeutic needs in narcolepsy and related neurological disorders. The ongoing studies are conducted at the Centre for Neuroscience Research of Lyon, a world-class institution specializing in sleep and neurological research. The experimental framework is designed to explore the therapeutic potential of AEX compounds using an international validated orexin knockout mouse model of narcolepsy. Key elements of the study include: Study Objectives: Promote Wakefulness: Evaluate the impact of AEX compounds on maintaining wakefulness in narcoleptic mice. Enhance Sleep Quality: Assess improvements in sleep architecture and stability. Suppress Cataplexy Attacks: Measure reductions in the frequency and severity of cataplexy, a hallmark symptom of narcolepsy. Methodology: The study leverages cutting-edge EEG/EMG technology to monitor brain activity and muscle tone, providing precise data on wakefulness, non-rapid eye movement, and rapid eye movement sleep phases. Post-surgical recovery is followed by controlled drug administration, ensuring accurate measurement of the compound's efficacy. Robust Experimental Design: The study aims to evaluate the potential superiority of AEX compounds over existing therapies through a two-part approach: Part 1: Direct evaluation of AEX compounds performance on key metrics such as sustained wakefulness and improved sleep architecture. Part 2: Assessment of compound efficacy under challenging stress conditions, including sleep deprivation, to test the robustness and durability of their effects. While existing selective OX2R agonists have demonstrated efficacy in managing narcolepsy symptoms, DOXA are expected to surpass these benchmarks. By engaging both OX1R and OX2R receptors and addressing broader neurological pathways, AEX-41 and AEX-2 offer the potential for enhanced therapeutic outcomes, including greater wakefulness stability and improved sleep quality under real-world conditions. NLS remains committed to advancing its pipeline and anticipates providing further updates as the preclinical program progresses. First results from the ongoing study are expected to be shared in early December 2024.
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STKH | Hot Stocks07:42 EST Steakholder Foods signs six commercial LOIs with international players - Steakholder Foods signed six Letters of Intent with international companies. These agreements reflect the market demand and commercial viability for Steakholder's 3D printing systems and proprietary plant-based premixes for alternative proteins. The company received three prestigious awards at the Plant-Based World Expo. The six LOIs span various international markets. Each agreement involves the anticipated sale of the company's advanced 3D printing systems and/or proprietary premix blends, a combination that enables partners to produce high-quality, scalable plant-based foods.
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GAUZ | Hot Stocks07:39 EST Gauzy to show ADAS-equipped bus at Global Automotive, Mobility Tech Conference - Gauzy announced that its senior management will present at the Barclays 15th Annual Global Automotive and Mobility Tech Conference on Wednesday, November 20, 2024 in New York. As part of its participation, Gauzy management will welcome interested parties to experience its ADAS firsthand by boarding and taking a short ride in Times Square on a completely mirrorless Prevost bus equipped with its Smart-Vision(R) Camera Monitor System from 5:00pm to 8:00pm ET at the Conference.
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GOEV | Hot Stocks07:38 EST Canoo partners with the UK's Northside Truck & Van for repair services - Canoo announced a new service, maintenance, and repair - SMR - agreement with Northside Truck & Van, an automotive service provider in the U.K. With a current aftersales portfolio of over 280 garages in the country, Northside will provide support and maintenance of Canoo's light commercial vehicles for commercial fleet and government customers including 24/7/365 maintenance service availability in the U.K. Northside will also source parts inventory directly from Canoo for customer usage leveraging the company's 72 physical locations across England, Scotland and Wales.
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CROJF | Hot Stocks07:38 EST Marimaca Copper initiates ASX dual listing process - Marimaca Copper has commenced the process to dual list on the Australian Securities Exchange. The ASX dual listing is part of Marimaca Copper's growth strategy and is an important strategic step for its Marimaca Copper Project located in Antofagasta Region, Chile, as it advances through the Definitive Feasibility Study and project permitting milestones and towards project development. Marimaca Copper notes there is no guarantee that it will receive approval to list on the ASX and will update as it progresses through the process.
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VRT | Hot Stocks07:37 EST Vertiv Holdings raises cash dividend 50% from 10c to 15c per share - Reflecting the company's strong financial performance and cash flow, Vertiv's Board of Directors has raised its regular annual cash dividend by 50% from 10c to 15c per share, to be declared and paid quarterly. The increase will be effective starting with the fourth-quarter cash dividend of 3.75c per share of Class A common stock, which was declared by the Board of Directors on November 18, and is payable on December 19 , to shareholders of record of Class A common stock at the close of business on December 3.
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NIVF | Hot Stocks07:37 EST NewGenIvf Group enters binding term sheet with White Lion Capital - NewGenIvf Group has entered into a binding term sheet with White Lion Capital, setting out the principal terms and conditions for a $100 million equity line of credit, expandable to $500 million. Pursuant to the Term Sheet, NewGen will have the option, but not the obligation, to sell to White Lion up to $100.0 million in shares of common stock over an initial 36-month period, with the potential to increase to $300.0 million upon substantial M&A or merger activity, and further to $500.0 million after $250.0 million has been drawn. The transactions contemplated by the Term Sheet are subject to entry into definitive agreements, and are subject to certain conditions, including a registration statement being filed immediately upon execution of the definitive agreements.
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ZBH | Hot Stocks07:37 EST Zimmer Biomet announces CE Mark certification for knee system - Zimmer Biomet received the CE Mark for its Persona Revision Knee System. This addition to the Persona family builds on Zimmer Biomet's commitment to personalized solutions, providing surgeons with advanced tools for revision knee arthroplasty. "After the successful introduction of Persona Revision Knee in the United States and other markets, the CE Mark certification and commercial launch extends its availability significantly so that more surgeons have access to an innovative solution that can enhance patient outcomes," said Joe Urban, President, Knees at Zimmer Biomet.
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ARWR | Hot Stocks07:35 EST Arrowhead submits plozasiran NDA to FDA - Arrowhead announced that it submitted a new drug application, or NDA, to the FDA for investigational plozasiran for the treatment of familial chylomicronemia syndrome, or FCS, a severe and rare genetic disease which currently has no FDA approved treatments. Arrowhead also intends to submit applications for approval of investigational plozasiran for the treatment of patients with FCS to additional regulatory authorities in 2025.
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CABA | Hot Stocks07:35 EST Cabaletta Bio announces updated clinical data on CABA-201 - Cabaletta Bio announced new and updated clinical data on CABA-201 demonstrating the potential to achieve drug-free, compelling clinical responses based on eight patients dosed across the ongoing Phase 1/2 RESET-Myositis, RESET-SLE and RESET-SSc clinical trials. These data were presented in oral and poster presentations at the American College of Rheumatology Convergence 2024, which is being held at the Walter E. Washington Convention Center in Washington, D.C. from November 14-19, 2024. Cabaletta designed CABA-201, a 4-1BB-containing fully human CD19-CAR T cell investigational therapy, to deeply and transiently deplete CD19-positive B cells following a one-time infusion that may enable a reset of the immune system with the potential for durable remission without chronic immunosuppressive therapies in patients with autoimmune diseases. Cabaletta is currently evaluating CABA-201 in the RESET clinical development program across five company-sponsored clinical trials that each have disease-specific cohorts with six patients per cohort. All cohorts are evaluating the same single, weight-based dose of CABA-201 at 1 x 106 cells/kg without a dose escalation requirement. Treatment with CABA-201 in each clinical trial includes a preconditioning regimen of fludarabine and cyclophosphamide, consistent with the dosing regimen used in the third-party academic studies, except for the RESET-PV trial which is evaluating CABA-201 without preconditioning. New and Updated Clinical Data Summary: As of the data cut-off date of November 1, 2024, eight patients had been dosed with CABA-201 with sufficient follow-up to be evaluable across the RESET clinical development program. In the RESET-Myositis trial, one patient in the immune-mediated necrotizing myopathy cohort completed six months of follow-up and two patients, one in the IMNM cohort and one in the dermatomyositis cohort, each completed one month of follow-up. In the RESET-SLE trial, one patient in the non-renal systemic lupus erythematosus cohort completed six months of follow-up, one patient in the lupus nephritis cohort completed four months of follow-up and two patients in the non-renal SLE cohort each completed one month of follow-up. Translational assessments from the third patient in the non-renal SLE cohort were not available for inclusion at the time of the data cut-off. In the RESET-SSc trial, one patient in the severe skin cohort completed six weeks of follow-up. Across these eight patients treated with CABA-201, patients were administered a one-time infusion of CABA-201 at 1 x 106 cells/kg, following a preconditioning regimen of fludarabine and cyclophosphamide. The primary endpoint of each trial is safety and tolerability within 28 days of infusion. Secondary endpoints include translational assessments and clinical outcomes. Safety and Tolerability Profile: CABA-201 has shown a favorable risk-benefit profile in patients with active and refractory autoimmune disease. Through 28 days of follow-up, no evidence of cytokine release syndrome of any grade was observed in five of the eight patients. Low-grade CRS was observed in three patients, all of which recovered following standard care. Tocilizumab was not administered for any cases of CRS. No evidence of immune effector cell-associated neurotoxicity syndrome of any grade has been observed in any patient since reporting the initial safety data on the first LN patient in August 2024. This patient had acute inflammatory events shortly before CABA-201 treatment and demonstrated an abnormal, pro-inflammatory cytokine profile prior to infusion that continued after CABA-201 infusion, suggestive of a possible occult infection. Translational Assessments: CABA-201 induced consistent and complete B cell depletion, with early naive B cell repopulation suggesting the potential to generate an immune system reset CAR T cell expansion associated with CABA-201 reached its peak between day 8 and day 15. Translational assessments from the first patient in the LN cohort indicated a second peak at day 29. Complete B cell depletion was observed by day 22 after CABA-201 infusion. B cell repopulation occurred in the first two patients treated with CABA-201 as early as 8 weeks and exhibited a transitional naive phenotype, reflecting the production of new B cells after deep systemic depletion. Two of the three patients with follow-up beyond three months demonstrated a reduction in disease-associated antibodies. Clinical responses in all three of these patients were observed independent of autoantibody levels. Vaccine and infectious pathogen antibodies remained generally stable. Clinical Outcomes: CABA-201 provided compelling signs of early efficacy, supporting the potential for drug-free clinical responses Initial clinical responses in the RESET-Myositis trial were consistent with published data with response kinetics appearing to differ between myositis subtypes. The first known adult DM patient dosed with CAR T in the form of CABA-201 demonstrated an improvement in muscle strength to normal and a major total improvement score response off all immunosuppressants at one month of follow-up. The Cutaneous Dermatomyositis Disease Area and Severity Index - Activity improved from 25 to 9. At six months of follow-up, the first IMNM patient demonstrated a continued and improved clinical response off immunosuppressants and without flares. At one month of follow-up, the second IMNM patient demonstrated a total improvement score consistent with the first IMNM patient at one month after CABA-201 infusion off immunosuppressants. All four patients in the RESET-SLE trial demonstrated clinical responses off immunosuppressants. All three patients in the non-renal SLE cohort demonstrated no clinical symptoms on SLEDAI-2K as of the latest follow-up and the first patient has completed a prednisone taper to discontinuation. The first patient in the LN cohort, who experienced the previously reported ICANS event, had a SLEDAI that improved from 22 at baseline to 8 at month four of follow-up. The patient's proteinuria improved more than 90%, approaching normal levels, while off all immunosuppressants and with an ongoing prednisone taper. The first patient in the severe skin cohort in the RESET-SSc trial demonstrated early clinical improvements after discontinuation of disease-specific therapy. The modified Rodnan Skin Score of the first patient in the severe skin cohort improved from 42 at baseline to 36 at day 42, suggesting the potential emergence of a drug-free clinical response.
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ARWR | Hot Stocks07:34 EST Arrowhead announces new PALISADE study results - Arrowhead announced new results from the Phase 3 PALISADE study and the open-label extension from the Phase 2 MUIR and SHASTA-2 studies of investigational plozasiran. These data were presented in two oral presentations at the American Heart Association Scientific Sessions and PALISADE data was simultaneously published in the AHA journal, Circulation. In PALISADE, 75 patients with FCS, with or without a genetic diagnosis, were randomly assigned to receive subcutaneous plozasiran at 25 mg or 50 mg or placebo every three months for 12 months. At baseline, the median triglyceride level was 2044 mg/dL. Forty-four patients had genetically confirmed FCS and 31 patients had clinically diagnosed FCS. Plozasiran, at the 25 mg dose being proposed for marketing approval, induced rapid, deep, and sustained reductions in apolipoprotein C-III, of greater than 90%, and in triglycerides, of approximately 80%, independent of gene variants causing FCS. At least half of the patients maintained TGs below 500 mg/dL, a threshold associated with increased risk of acute pancreatitis, with approximately 75% achieving levels below 880 mg/dL, and greater than 80% achieving levels below 1000 mg/dL, invariant of FCS genotype. Plozasiran decreased total cholesterol with least square mean reductions of 41%, non-high-density lipoprotein cholesterol of 50%, and remnant cholesterol or very-low-density lipoprotein cholesterol of -67%, with reciprocal increases in HDL-C of 52%, and apolipoprotein-AI of 21% at 12 months. Plozasiran increased low-density lipoprotein cholesterol levels without increases in total ApoB or ApoB-100. In the OLE, a total of 418 subjects from the Phase 2 MUIR study in patients with mixed hyperlipidemia and the SHASTA-2 study in patients with severe hypertriglyceridemia entered the extension in which all received plozasiran 25 mg dosed quarterly. 10, 25, or 50 mg of plozasiran in the blinded portion of the studies produced mean reductions in TGs up to -64% in MUIR and up to -74% in SHASTA-2 at 24 weeks representing the trough after the second quarterly dose. Corresponding trough reductions in the extension were maintained up to 73% in patients from MUIR and 86% in patients from SHASTA-2 through 15 months follow-up. Favorable sustained reductions in TGs and APOC3, decreases in remnant cholesterol, non-HDL-C, favorable changes in apoB, and increases in HDL-C were observed, with no changes in LDL-C or Lp(a) and remained durable over the duration of the open-label extension. No worsening of HbA1c and no new onset diabetes mellitus were observed, providing further evidence that long-term safety appears favorable with repeated dosing and longer observation periods.
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LRMR | Hot Stocks07:34 EST Larimar Therapeutics presents Phase 1 and 2 dose studies of nomlabofusp - Larimar Therapeutics presented data from the company's Phase 1 studies and the Phase 2 dose exploration study of nomlabofusp in Friedreich's ataxia, or FA, at the International Congress for Ataxia Research in London, U.K. FA is an autosomal recessive neurodegenerative disorder caused by GAA repeats in the FXN gene that result in FXN deficiency. Nomlabofusp study participants were representative of the broad population of adults with FA. Treatment with nomlabofusp modified gene expression and lipid profiles in addition to increasing frataxin - FXN - levels in study participants with Friedreich's ataxia. Modeling and simulation predict that, in most patients with FA, 50 mg of nomlabofusp administered daily is likely to achieve FXN levels that are greater than or equal to50% of levels observed in healthy controls and similar to mean FXN levels reported in asymptomatic heterozygous carriers. Disease characteristics of adult participants in the nomlabofusp studies were representative of the broad population of adults with FA. Relationships between tissue FXN levels and onset of disease and GAA repeat length observed at baseline in nomlabofusp clinical study participants were consistent with prior published studies. A nomlabofusp program update is expected mid-December 2024.
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PROP | Hot Stocks07:30 EST Prairie Operating Co. signs midstream and gathering agreements in DJ Basin - Prairie Operating Co. signed multiple midstream and gathering agreements with industry partners in the Denver-Julesburg Basin. These strategic partnerships secure takeaway, processing, sales, and water disposal solutions across the company's acreage, ensuring escalating marketing and takeaway capacity for the comprehensive development of the company's 44,000-acre asset base. Through agreements with Rimrock Energy, NGL Energy, and Taproot Energy , Prairie secures access to essential pipeline transportation and ensures long-term operational reliability. These comprehensive marketing and takeaway agreements position Prairie to realize commodity price benefits associated with high grade crude oil production while maximizing production efficiency. In addition, these agreements encompass flexible provisions to accommodate planned future increases in production volumes.
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RYTM | Hot Stocks07:30 EST Rhythm Pharmaceuticals announces five presentations at ESPE 2024 - Rhythm Pharmaceuticals announced the presentation of new, real-world data that showed four pediatric patients with acquired hypothalamic obesity or congenital hypothalamic obesity achieved greater than5% weight reduction at three months on setmelanotide, a melanocortin-4 receptor agonist. These data were among five Rhythm-related presentations delivered during the 62nd annual meeting of the European Society for Paediatric Endocrinology in Liverpool, England. 3-month real-world setmelanotide hunger and weight outcomes in four French pediatric patients with acquired or congenital hypothalamic obesity: The presentation includes results from four case reports of patients less than18 years old, two with acquired hypothalamic obesity and two with congenital hypothalamic obesity, at month three on setmelanotide therapy: Congenital hypothalamic obesity: Female, age 15, with septo-optic dysplasia as cause of hypothalamic obesity, achieved a body weight decrease of 9.6% from baseline at month 3 and BMI-Z score change from 3.1 at baseline to 2.8; Male, age 9, with pituitary stalk interruption syndrome as cause of hypothalamic obesity, achieved a body weight decrease of 5.2% from baseline at month 3 and BMI-Z score change from 3.7 at baseline to 3.5; Acquired hypothalamic obesity: Male, age 13, with acquired hypothalamic obesity related to craniopharyngioma resected at age 9, achieved a body weight decrease of 5.6% from baseline at month 3 and 9.5% weight reduction at month 6, and BMI-Z score change from 3.7 at baseline to 3.4 at month six of setmelanotide therapy; and Male, age 13, with acquired hypothalamic obesity related to radiotherapy for juvenile pilocytic astrocytoma, achieved a body weight decrease of 8.3% from baseline at month 3 and BMI-Z score change from 3.1 at baseline to 2.8. These patients were treated with setmelanotide at four different hospitals in France under a pre-marketing, early-access authorization program. All four patients remain on therapy, as of November 15, 2024, and there were no new safety signals observed. Also today, Rhythm announced plans for a new, 34-week substudy designed to evaluate setmelanotide in 39 patients with congenital hypothalamic obesity aged 4 years and older. Rhythm is seeking approval from the U.S. Food and Drug Administration for the independent substudy for congenital hypothalamic obesity as a protocol amendment to the Company's ongoing Phase 3 trial evaluating setmelanotide in patients with acquired hypothalamic obesity. Rhythm anticipates enrolling the first patients with congenital hypothalamic obesity in the first quarter of 2025. The substudy in congenital hypothalamic obesity is independent from Rhythm's pivotal Phase 3 trial in acquired hypothalamic obesity. The Company remains on track to disclose topline data from that pivotal trial in the first half of 2025. In a poster entitled, "Evaluating Setmelanotide Treatment for 12 Months in Pediatric Age Groups With Rare Melanocortin-4 Receptor Pathway-Related Obesity: Efficacy in Weight Reduction and Safety Outcomes," presenters highlighted the importance of early intervention in young patients with rare MC4R pathway diseases. A cross-sectional analysis of 50 patients aged 2 to 17 years with rare MC4R pathway diseases who participated in one of five different clinical trials of setmelanotide was presented showing that patients regardless of age achieved clinically meaningful weight reductions, and that children between 2 and 5 years old achieved a greater absolute BMI Z reduction. Additionally, the Company delivered three oral presentations based on analyses of more than 5,000 sequencing samples from the Company's European genetic testing program for individuals with suspected rare MC4R pathway diseases, Rare Obesity Advanced Diagnosis or ROAD. Genetic testing of individuals with early-onset obesity can help improve disease etiology understanding and identify patients who may benefit from specialized care. Highlights from these three presentations included: 1.74% of individuals tested carried a biallelic variant in one of 22 tested genes related to Bardet-Biedl syndrome and the frequency in Turkey was 5.82%, potentially due to consanguinity rates; 22.5% of tested individuals with early-onset obesity carried a variant classified as pathogenic, likely pathogenic or of unknown significance of one or more genes closely associated with MC4R pathway function: SIM1, SEMA3 family, PLXNA family, POMC, PCSK1, LEPR, SH2B1 and NCOA1; and 4.9% of tested individuals carried a biallelic or heterozygous pathogenic, likely pathogenic or VUS variant in one or more of these genes: ALMS1, BBS, MAGEL2, PHIP, or TBX3 genes. These genes are associated with certain debilitating syndromes.
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ADVM | Hot Stocks07:28 EST Adverum Biotechnologies reports results of two trials of Ixo-vec in AMD - Adverum Biotechnologies announced topline 52-week results of Ixo-vec from the LUNA Phase 2 trial, new 4-year OPTIC long-term follow-up data and key pivotal program design elements. LUNA is an ongoing Phase 2 trial. 60 patients with wet AMD were randomized equally across two dose cohorts. LUNA is designed to inform the selection of both the Ixo-vec dose and prophylactic regimen for Phase 3 registrational trials. OPTIC is an ongoing, dose-ranging first-in-human trial. 30 patients with wet AMD requiring frequent IVT injections were enrolled equally across two doses. Both LUNA and OPTIC were designed to assess a broad wet AMD population, including hard-to-treat patients. The 52-week LUNA data combined with follow-up from OPTIC at 4 years continue to support long-term potential best-in-class product profile of Ixo-vec. The 6E10 dose in LUNA maintains visual and anatomic endpoints and demonstrates potential best-in-class injection-free rates and reduction in injection burden. No LUNA patients who received local steroid prophylaxis had inflammation at week 52 or at any subsequent visit, and 100% of OPTIC 2E11 patients were free of inflammation at year 1 and through year 4. The 6E10 dose cohort with steroid eye drops or topical steroids to progress into two registrational studies; initial ARTEMIS Phase 3 non-inferiority study will evaluate a broad patient population; on track and expected to initiate in 1H 2025.
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TNXP | Hot Stocks07:26 EST Tonix Pharmaceuticals presents data, analyses of TNX-102 SL effects - Tonix Pharmaceuticals presented data in a poster presentation at the ACR Convergence 2024 Annual Meeting, held November 14-19, 2024, in Washington, D.C. A copy of the Company's presentation, titled "Randomized, Double-Blind, Placebo-Controlled Confirmatory Phase 3 Trial of Bedtime Sublingual Cyclobenzaprine in Fibromyalgia" is available under the Scientific Presentations tab of the Tonix website at www.tonixpharma.com. In the Phase 3 RESILIENT study, TNX-102 SL met the pre-specified primary endpoint of significantly reducing daily pain compared to placebo in participants with fibromyalgia. In the RESILIENT study, TNX-102 SL demonstrated a broad spectrum of benefits with statistically significant improvement in all six pre-specified key secondary endpoints including those related to improved sleep quality, reduced fatigue, and improved patient global ratings and overall fibromyalgia symptoms and function. TNX-102 SL was generally well tolerated with an adverse event profile comparable to prior studies and no new safety signals observed. Tonix submitted a new drug application to the U.S. Food and Drug Administration in October 2024 for TNX-102 SL for the management of fibromyalgia. The FDA typically has a 60-day filing review period to determine whether the submitted NDA is complete and accepted for review. If the FDA accepts the NDA for review, the Company expects a 2025 date for a FDA decision on approval, based on the Prescription Drug User Fee Act.
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MOND | Hot Stocks07:24 EST Mondee cancels Q3 financial results webcast - Mondee Holdings has cancelled the Company's webcast on the third quarter 2024 financial results for the period ended September 30, 2024.
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EYPT | Hot Stocks07:24 EST EyePoint reports inducement grants under NASDAQ listing rule - EyePoint Pharmaceuticals announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company's 2023 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to an aggregate of 23,600 shares of EyePoint Pharmaceuticals common stock to four new employees. The stock options were granted on November 15, 2024. The grants were approved by the Compensation Committee and made as an inducement material to each employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option awards have an exercise price of $9.17 per share, the closing price of EyePoint Pharmaceuticals' common stock on November 15, 2024. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
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HCWB | Hot Stocks07:23 EST HCW Biologics licenses proprietary preclinical molecule to WY Biotech - HCW Biologics and WY Biotech, a China-based company specializing in the early-stage development of recombinant protein drugs and gene/cell therapies, have entered into a worldwide exclusive license agreement to develop and commercialize one of HCWB's product candidates generated with its new drug discovery platform for therapeutic use. Key terms of the agreement include that WY Biotech has agreed to pay HCWB $7.0M in an upfront payment, and HCWB is eligible to receive additional significant development milestone payments and double-digit royalties on future product sales. In addition, HCWB will share a substantial portion of the proceeds from a future transactions involving the molecule, if such a transaction occurs. HCWB also has a payment-free, milestone-free, and royalty-free option to recapture the development and commercialization rights of this molecule for the U.S., Canada, Central America, and South America after the conclusion of the Phase 1 clinical trial. WY Biotech is financially responsible for all costs associated with research and development, manufacturing, clinical development, regulatory approval, and commercialization for the molecule. HCWB will be responsible for costs associated with clinical development, regulatory approval, and commercialization in the Opt-in Territory, if HCWB exercises its opt-in rights.
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IMTX | Hot Stocks07:23 EST Immatics announces clinical data on TCER IMA402 targeting PRAME - Immatics is providing the first clinical data update from the ongoing Phase 1 dose escalation trial evaluating its next-generation, half-life extended TCR Bispecific molecule, TCER IMA402 targeting PRAME. Patient Population: As of the data cut-off on November 6, 2024, 33 heavily pretreated patients with recurrent and/or refractory solid tumors have been treated with a dose range from 0.02 mg to 4 mg of IMA402 monotherapy. The treated patient population is composed of patients with a median of three and a maximum of five lines of prior systemic treatments. The safety population includes all 33 patients treated with IMA402, of which 21 patients were evaluable for efficacy analysis and are PRAME-positive or were not tested for PRAME. Of these 21 patients, eight patients received at least one dose of IMA402 at dose level 7, and one patient received IMA402 at dose level 8. Based on preclinical in-vivo data, relevant anti-tumor efficacy was expected starting at ~3 mg human equivalent dose, which aligns with the initial clinical anti-tumor activity reported today. Safety: IMA402 demonstrated a favorable tolerability profile in the 33 patients treated. The most common treatment-related adverse events were mostly mild to moderate cytokine release syndrome and transient lymphopenia. Step dosing has been implemented and dose escalation is ongoing. The maximum tolerated dose has not yet been determined. Pharmacokinetics: Early pharmacokinetic data indicate a median half-life of approximately seven days, potentially enabling bi-weekly dosing. Initial Anti-Tumor Activity: Initial signs of clinical activity have been observed and are associated with PRAME expression and IMA402 dose levels administered. In the PRAME-negative patient population across all doses and indications, only one patient out of seven showed tumor shrinkage of -2.9%. In comparison, in the PRAME-positive or non-tested patients across all indications treated with low dose levels tumor shrinkage was observed in 25% of patients, including one unconfirmed partial response in a cutaneous melanoma patient. Nine patients with tumors that tested PRAME-positive or were not tested for PRAME received a relevant dose. 78% thereof experienced shrinkage of their target lesions, including several patients with significant ongoing tumor shrinkage: one cutaneous melanoma patient with an ongoing confirmed partial response with -40.2% tumor shrinkage treated at DL7; two patients with ongoing stable diseases with significant tumor shrinkage; one ovarian cancer patient with ongoing stable disease and tumor shrinkage of -13% started at DL6 and currently at DL7.
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RGNX | Hot Stocks07:21 EST Regenxbio initiates pivotal phase of Affinity Duchenne trial of RGX-202 - REGENXBIO announced that AFFINITY DUCHENNE, the multi-center, open-label trial of RGX-202, a potential best-in-class gene therapy for Duchenne muscular dystrophy, has advanced to pivotal stage and dosed its first patient. The company also announced new, positive efficacy and safety data from the Phase I/II portion of the study, including the first functional data. Affinity Duchenne data updates: Results include 12-month data from three dose level 1 patients aged 4-10 and nine-month data from two dose level 2 patients aged 8 and 12. RGX-202 was well tolerated with no serious adverse events and no AEs of special interest. Phase I/II data show RGX-202 recipients exceeding external natural history and established benchmarks for clinical outcomes: Functional improvements seen in all patients treated with dose level 1 and dose level 2 at 12 and 9 months respectively; New biomarker data confirms consistent robust expression of differentiated RGX-202 microdystrophin in the muscle; Favorable safety profile observed at both dose levels; no serious adverse events or AEs of special interest
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BTDR | Hot Stocks07:20 EST Bitdeer reports Q3 EPS (35c), consensus (19c) - Reports Q3 revenue $62.0M, consensus $79.60M. "This quarter marked a foundational period for Bitdeer, focused on the advancements of our key technological and strategic initiatives," stated Matt Kong, Chief Business Officer. "In our ASICs business, we made substantial progress in the commercialization of our SEALMINER mining rigs that will help diversify our revenue streams and accelerate the growth of our self-mining operations. For SEALMINER A1, the first sample batch was successfully energized and production of 3.7 EH/s is expected to be completed and installed into our datacenters in Texas and Norway in phases from December through Q1 2025 for the time being...Further, in October, we commenced mass production of our SEALMINER A2 series and the first production run is expected to deliver 18 EH/s, which will be used for self-mining and selling to external customers. Notably, SEALMINER A2 will be a significant milestone as we enter this multi-billion dollar market. We are already engaged in discussion with a number of potential customers, and early demand is promising, indicating strong interest in our cutting-edge technology and the industry's desire for supply chain diversification."
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NOTE | Hot Stocks07:19 EST FiscalNote, AI search engine ProRata.ai team for content licensing - FiscalNote announced an agreement to license select subsets of its award-winning content to ProRata.ai, an AI search company that attributes and compensates content owners for the use of proprietary content...."As activity following the U.S. presidential election heats up, we are excited to expand the availability of our valuable and proprietary data and analysis," said Josh Resnik, President and Chief Operating Officer, FiscalNote. "The trusted, non-biased, award-winning news, data and insights from Roll Call and Factba.se are increasingly unique and essential. By leveraging additional innovative distribution channels like ProRata.ai, we intend to increase the breadth of our reach to continue to drive new opportunities for monetization and further enhance our reputation in this important area."
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PWWBF | Hot Stocks07:19 EST AmeriTrust appoints Troy Hocker as CRO - AmeriTrust announced the appointment of Troy Hocker to the position of Chief Revenue Officer. Troy is a seasoned automotive finance executive with over 20 years of industry experience at the largest direct to consumer leasing company in the country,
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PWWBF | Hot Stocks07:18 EST AmeriTrust announces launch of 'AmeriTrust Serves' - AmeriTrust Financial Technologies announced the launch of a new division called AmeriTrust Serves. AmeriTrust Serves is an asset loan and lease servicing platform focused on providing the Company's national lending partners with technology, loss mitigation, and customer care unlike any other servicing model in the automotive industry. AmeriTrust's CEO Jeff Morgan commented: "Technology in lending is advancing rapidly and AmeriTrust is focused on all stages of computer networking, machine learning, and the rapid development of Artificial Intelligence. The evolution of AmeriTrust, and now AmeriTrust Serves, is based on 45 years of auto finance industry statistical data that has been incorporated into our proprietary technology and algorithms. AmeriTrust Serves' model is to create efficiencies and enhance customer retention throughout the loan or lease servicing process. Our servicing platform is managed in-house, as opposed to being outsourced. Benefits of an in-house servicing platform include better control over customer interactions and service quality, a more personalized customer experience, better data security, greater employee engagement and greater customization and flexibility in processes and training. AmeriTrust Serves utilizes an approach that is driven by cost efficiencies through our technology, and when needed, a personal touch from in-house corporate employees. We have developed a common-sense approach to how customers should be communicated with, and it is proving to be effective. AmeriTrust Serves and AmeriTrust Auto, the vehicle remarketing division of the Company, have developed a unique in-house technology-focused servicing and remarketing platform that, according to our largest lending partner, UNIFY Financial Credit Union, has mathematically proven to mitigate their losses, reduced customer expense, and has generated new revenue streams for AmeriTrust. Since we began testing these innovative servicing and remarketing systems in April of this year, we are seeing lower delinquency rates, higher asset recovery, lower remarketing expenses, higher returns at point of sale, and all the while improving customer satisfaction."
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HALO EVO | Hot Stocks07:17 EST Halozyme provides update on proposal to combine with Evotec - Halozyme Therapeutics (HALO) provided an update on its non-binding proposal to acquire Evotec SE (EVO) for EUR 11.00 per share in cash, implying a fully diluted equity value of EUR 2.0 billion. In a presentation posted on its investor relations website, Halozyme highlights how its proposed combination with Evotec would create a leading global innovative pharma services company that would deliver significant value to all stakeholders. The presentation highlights include: The acquisition of Evotec would be a logical extension and diversification of Halozyme's business, and is aligned with Halozyme's M&A criteria: De-risked business; Structurally similar business model; Strong biopharma partnerships: Potential for durable long-term revenue growth. The combination would create a unique B2B global innovative pharma services company with complementary and leverageable platforms and cross-selling opportunities:Drug discovery; Continuous biologics manufacturing; Drug delivery. The combination would meaningfully diversify, scale and extend Halozyme's revenue and adjusted EBITDA well into the next decade and beyond: Establishes a diversified pharma services portfolio with approximately $2 billion in annual revenue projected in 2025. Enhances long-term growth profile. Delivers robust long-term margin profile. The all-cash transaction would be supported by an existing lender group with a clear path to less than 2x net leverage within two years post-close. Halozyme has significant cash reserves on-hand and a strong balance sheet with cash projected to be more than $800 million at year-end 2024.The transaction would not be subject to a financing condition.
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CYBN | Hot Stocks07:16 EST Cybin: CYB003 data demonstres 'breakthrough 12-month efficacy' in MDD treatment - Cybin announced unprecedented 12-month efficacy data from its Phase 2 study of CYB003, a proprietary deuterated psilocin program in development for the potential adjunctive treatment of major depressive disorder MDD . As previously announced, CYB003 received Breakthrough Therapy Designation by the U.S Food and Drug Administration for this indication, which provides an expedited review pathway. "We are highly encouraged that our approach to treating MDD patients with two 16 mg doses of CYB003, three weeks apart, has demonstrated consistent, robust and sustained treatment benefits through to the 12-month follow up... "Our Phase 2 study results are remarkable and validate both our intermittent dosing regimen, as well as CYB003's potential to revolutionize the current standard of care in MDD,"1 said Doug Drysdale, Chief Executive Officer of Cybin. "We are quite possibly witnessing a watershed moment in mental health care treatment paradigms and practices.1 Up to two thirds of MDD patients do not achieve remission with first-line antidepressants, which have defined the current treatment standard. With CYB003, we have the opportunity to pivot away from the chronic, daily treatments that often only offer symptomatic relief, and move towards more patient-friendly infrequent, long-lasting therapeutics for MDD patients who do not achieve remission with existing treatments.1 Current intermittent treatments like esketamine, ECT and TMS require on average up to 36 outpatient visits per treatment cycle, burdening both patients and treatment centers. In comparison, CYB003's two doses per treatment cycle have the potential to free up capacity for new patients and improve accessibility to treatment.1 We believe that these landmark results mark a profound and exciting shift as we move away from treating the symptoms of the disease to potentially changing the course of the disease."
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SERV | Hot Stocks07:16 EST Serve Robotics appoints Anthony Armenta as Chief Software & Data Officer - Serve Robotics appointed former Postmates and GM executive Anthony Armenta as Chief Software and Data Officer. Armenta re-joins Serve after previously spearheading early development of the company's autonomous robots as Vice President of Software Engineering at Postmates, prior to Serve's spin-off from Uber.
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DLR | Hot Stocks07:14 EST Digital Realty announces strategic integration of OVHcloud - Digital Realty announced the strategic integration of OVHcloud, a leading European cloud provider, into its ServiceFabric platform. This partnership will offer enterprises a secure, high-performance cloud solution with private connectivity, empowering them to accelerate digital transformation and seamlessly adopt hybrid IT strategies. Digital Realty's partnership with OVHcloud will empower enterprises to leverage private, direct access to a comprehensive portfolio of bare metal offerings and cloud solutions, spanning private, hybrid, and public cloud environments.
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ACET | Hot Stocks07:13 EST Adicet Bio:1st patient dosed in trial evaluating ADI-001 in autoimmune diseases - Adicet Bio announced that the first LN patient has been dosed in the Phase 1 clinical trial evaluating ADI-001 in autoimmune diseases. "Dosing the first lupus nephritis patient in our Phase 1 trial of ADI-001 marks an important step forward in our mission of improving the lives of patients affected by autoimmune diseases, particularly lupus nephritis," said Francesco Galimi, M.D., Ph.D., Senior Vice President and Chief Medical Officer of Adicet Bio. "With clinical biomarker data from our study in non-Hodgkin's lymphoma demonstrating robust tissue trafficking and complete CD19+ B cell depletion in peripheral blood and secondary lymphoid tissue, ADI-001 has the potential to be a transformative off-the-shelf treatment option for several autoimmune diseases. Additionally, the FDA's Fast Track Designation to ADI-001 in relapsed/refractory class III or class IV LN and the clearance of our investigational IND amendment application of ADI-001 for the treatment of SPS and IIM further serves to emphasize the broad and urgent unmet need for approved therapies to address autoimmune diseases." Dr. Galimi continued, "With clinical sites open for enrollment and additional sites that are expected to open in the near future, we anticipate sharing preliminary clinical data from the trial in the first half of 2025. In addition, we look forward to initiating enrollment for SLE, SSc, IIM, and SPS patients in the first quarter of 2025 and for AAV patients in the second half of 2025."
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CLRB | Hot Stocks07:12 EST Cellectar Biosciences sees cash runway into 2Q25 - As of September 30, 2024, the company had cash and cash equivalents of $34.3 million, including 19.4 million raised through investor exercises of Tranche B warrants and the purchase of new warrants in July 2024, compared to $9.6 million as of December 31, 2023. The company believes its cash balance as of September 30, 2024, is adequate to fund its basic budgeted operations into the second quarter of 2025.
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GL | Hot Stocks07:12 EST Globe Life board approved authorization to repurchase up to $1.8B of stock - Globe Life announced that its Board of Directors has approved an authorization to repurchase up to $1.8 billion of common stock under the Company's existing stock repurchase program. This authorization has no set time period and replaces the previous authorization of $1.3 billion announced on April 29, 2024.
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ALDX | Hot Stocks07:11 EST Aldeyra says FDA accepts reproxalap NDA, AbbVie deal expanded to $100M - Aldeyra Therapeutics (ALDX) announced that the U.S. Food and Drug Administration or FDA has accepted for review the resubmitted New Drug Application NDA for topical ocular reproxalap, a first-in-class investigational new drug candidate, for the treatment of the signs and symptoms of dry eye disease. The FDA assigned a Prescription Drug User Fee Act PDUFA date of April 2, 2025. In conjunction with the acceptance of the NDA for review, Aldeyra announced the expansion of its exclusive option agreement with AbbVie. "Based on the FDA's acceptance of the NDA resubmission of reproxalap for dry eye disease for review, we are pleased to announce an expansion of our option agreement with AbbVie, highlighting the commitment of both companies to accelerating the potential availability of a novel dry eye disease therapy to patients and physicians," stated Todd C. Brady, M.D., Ph.D., President and Chief Executive Officer of Aldeyra. On October 31 Aldeyra entered into an option agreement with AbbVie. Under the terms of the agreement, AbbVie has the option to obtain a co-exclusive license to develop, manufacture, and commercialize reproxalap in the United States. Upon exercise of the option, AbbVie would pay Aldeyra a $100M upfront cash payment, less previously paid option fees of $6M. In addition, Aldeyra would be eligible to receive up to $300 million in regulatory and commercial milestone payments, inclusive of a $100M milestone payment payable if the FDA approval for reproxalap for dry eye disease is received. In the United States, Aldeyra would share profits and losses with AbbVie from the commercialization of reproxalap according to a split of 60% for AbbVie and 40% for Aldeyra. Per the expansion of the option agreement, Aldeyra will initiate certain pre-commercial activities, 60% of which will be paid by AbbVie and 40% of which will be paid by Aldeyra if the option is exercised. AbbVie has also independently initiated certain pre-commercial planning activities. The parties have also agreed to amend the expiration of the option to 10 business days from the date of FDA approval, if any, of reproxalap for dry eye disease.
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ACXP | Hot Stocks07:10 EST Acurx supported, participated in Peggy Lillis CDI symposium - Acurx Pharmaceuticals announced its support and participation in the Inaugural Peggy Lillis Foundation Scientific Symposium, held on Friday, November 15, 2024. Acurx's Executive Chairman, Bob DeLuccia, delivered opening remarks for the symposium which assembled experts and thought leaders from around the world to present state-of-the art updates regarding C difficile Infection, CDI, and therapeutic options. Topics covered included epidemiology, bacterial physiology, risk factors for infections, and new and emerging treatment modalities. The Symposium also included testimonials from patients who survived CDI.
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IMTX | Hot Stocks07:10 EST Immatics sees cash runway into 2H27 - Cash and cash equivalents as well as other financial assets total $549.2M as of September 30, 2024, compared to $476.8M as of December 31, 2023. The increase is mainly due to the public offering in January 2024, partly offset by ongoing research and development activities. Following the $150M public offering in October 2024, the Company now projects a cash runway into the second half of 2027.
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SBC | Hot Stocks07:09 EST SBC Medical Group to acquire Aesthetic Healthcare, terms undisclosed - SBC Medical Group announced that it has entered into a definitive agreement to acquire Aesthetic Healthcare, a privately-held Singapore-based company that owns and operates several brands that provide aesthetic medical treatments in an all-cash transaction scheduled to close on November 13.
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ALTR NVDA | Hot Stocks07:08 EST Altair solutions now supported on Nvidia Grace Hopper, Grace CPU Superchip - Altair (ALTR) announced that several products from the Altair HyperWorks design and simulation platform now support NVIDIA (NVDA) Grace CPU and Grace Hopper Superchip architectures. This highlights the years of Altair's deep collaboration with NVIDIA and gives customers more flexibility to run Altair tools on NVIDIA and Arm architectures.
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WOLF | Hot Stocks07:07 EST Wolfspeed CEO Gregg Lowe to depart - Wolfspeed announced that its board of directors has determined and agreed with Gregg Lowe that he will depart this month from his roles as Wolfspeed's president and CEO and as a member of the board. The board is conducting a search to identify a permanent CEO with the support of a global executive search firm. The board has appointed Thomas Werner, chairman of the board, as executive chairman while the board works to identify Wolfspeed's next CEO. Werner will oversee the continued execution of Wolfspeed's strategy in close alignment with Wolfspeed's senior leadership team, the board and the board's operations and finance committees. Following Werner's appointment as executive chairman, board member Stacy Smith was appointed as lead independent director.
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TECH | Hot Stocks07:07 EST Bio-Techne, ALZpath announce strategic partnership - Bio-Techne announced a strategic partnership with ALZpath to accelerate breakthroughs in neurodegenerative disease research and treatment, including Alzheimer's disease. The collaboration leverages Bio-Techne's Ella fully automated, multiplexing immunoassay platform and ALZpath's proprietary pTau217 antibody to provide the Simple Plex Human Phospho-Tau ALZpath Assay. "Our partnership with ALZpath represents a major step forward in our commitment to advancing neurodegenerative disease research," said Will Geist, President of Bio-Techne's Protein Sciences Segment. "We're excited to see the impact that this easy-to-use, hands-free platform will have on advancing research in this critical field."
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RILY | Hot Stocks07:06 EST Great American Group launches as new independent business - B. Riley Financial and funds managed by Oaktree Capital Management announced the launch of a partnership between B. Riley and Oaktree in the Great American Group, an industry-leading provider of valuation, appraisal, asset disposition and real estate services. Bryant Riley, Chairman and Co-Chief Executive Officer of B. Riley, said, "We are excited about this new partnership with Oaktree, which has the scale and expertise in alternative investments to power GA Group's next chapter of growth and success. The transaction provided B. Riley with the ability to meaningfully de-lever our balance sheet and retain significant equity upside in a business with compelling growth prospects."
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ODFL | Hot Stocks07:04 EST Old Dominion announces 4.9% general rate increase - Old Dominion announced a general rate increase, or GRI, of 4.9% applicable to rates established under the existing ODFL 559, 670, and 550 tariffs, effective December 2. Todd Polen, Old Dominion Freight Line's VP - pricing services, commented, "The general rate increase is based on the Company's economic forecast and expectations for the operating environment. We must continue enhancing our high-quality service network and systems to meet and exceed our customers' expectations and deliver on our promises. At Old Dominion, we are committed to delivering our premium value proposition of on-time, claims-free service at a fair price. This GRI will affect our class tariffs and is intended to partially offset the rising costs of real estate, new equipment, technology investments, and competitive employee wage and benefit packages. Although the GRI will impact each customer differently based on specific shipment lanes and distance traveled, it is consistent with our long-term yield management philosophy and the overall impact of the increase is anticipated to be approximately 4.9 percent. The GRI also provides for a nominal increase in minimum charges with respect to intrastate, interstate and cross border lanes."
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MNMD | Hot Stocks07:03 EST Mind Medicine appoints Gregg Pratt chief regulatory, quality assurance officer - Mind Medicine announced the appointment of Gregg Pratt as chief regulatory and quality assurance officer. Pratt will serve as a member of the executive committee and oversee the company's regulatory and quality functions, as well as its product registration strategies. Pratt joins MindMed from Karuna Therapeutics.
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UNPRF | Hot Stocks07:02 EST Uniper selects Electric Hydrogen as exclusive partner - Uniper has selected Electric Hydrogen as its exclusive partner to design a 200 megawatt electrolyzer plant for the large-scale electrolysis within Uniper's Green Wilhelmshaven project in Northern Germany. Electric Hydrogen began conducting the preliminary front-end engineering design, pre-FEED, work for the project in October 2024.
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NEM ORLA | Hot Stocks07:02 EST Newmont announces sale of Musselwhite for up to $850M - Newmont Corporation (NEM) has agreed to sell its Musselwhite operation in Ontario, Canada, to Orla Mining (ORLA) for up to $850 million in total consideration. Under the terms of the agreement, Newmont will receive cash consideration of $810 million upon closing and up to $40 million in contingent payments. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied. Upon closing the announced transactions, Newmont will have surpassed its target of delivering more than $2 billion in gross proceeds from non-core divestitures. In February 2024, Newmont announced the intent to divest its non-core assets, including six operations and two projects from its Australian, Ghanaian, and North American business units. With definitive agreements in place to divest the assets in Australia, Ghana, and now Musselwhite, the Company is focused on completing the sales processes for its other North American non-core assets, which are expected to conclude in the first quarter of 2025.Total gross proceeds from transactions announced in 2024 to date are expected to be up to $2.9 billion. This includes $2.3 billion from non-core divestitures and $527 million from the sale of other investments, detailed as follows: Up to $475 million from the sale of the Telfer operation and Newmont's 70% interest in the Havieron project; Up to $1.0 billion from the sale of the Akyem operation; Up to $850 million from the sale of the Musselwhite operation; and $527 million from the completed sale of other investments, including the sale of the Lundin Gold stream credit facility and offtake agreement, and the monetization of Newmont's Batu Hijau contingent payments. Newmont continues to leverage free cash flow from its operations and proceeds from divestitures to enhance long-term value for shareholders by repurchasing shares on a ratable basis. In line with this strategy, the Company has an aggregate $3 billion share repurchase program authorized for execution through October 2026. Since October 24, 2024, Newmont has repurchased 7.2 million shares, totaling $336 million. Since the program's inception, Newmont has repurchased 22.4 million shares, amounting to $1.1 billion. This ongoing progress reflects Newmont's commitment to delivering meaningful returns and lasting value to shareholders. Additionally, Newmont has made significant progress toward reaching its targeted debt balance of $8 billion, retiring approximately $500 million of debt in 2024 and demonstrating the Company's dedication to a disciplined and balanced approach to capital allocation.
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MARA | Hot Stocks06:59 EST Mara Holdings announces private offering of $700M of convertible notes - MARA Holdings intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of convertible senior notes due 2030 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. MARA also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $105 million aggregate principal amount of the notes. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed. The notes will be unsecured, senior obligations of MARA and will bear interest payable semi-annually in arrears on March 1 and September 1 of each year, beginning on March 1, 2025. The notes will mature on March 1, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms. Subject to certain conditions, on or after March 5, 2028, MARA may redeem for cash all or any portion of the notes. If MARA redeems fewer than all the outstanding notes, at least $75 million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Holders of the notes will have the right to require MARA to repurchase for cash all or any portion of their notes on December 1, 2027. The notes will be convertible into cash, shares of MARA's common stock, or a combination of cash and shares of MARA's common stock, at MARA's election. Prior to December 1, 2029, the notes will be convertible only upon the occurrence of certain events and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The interest rate, initial conversion rate, and other terms of the notes will be determined at the time of pricing of the offering. MARA expects that the reference price used to calculate the initial conversion price for the notes will be the U.S. composite volume weighted average price of MARA's common stock from 2:00 p.m. through 4:00 p.m. Eastern Daylight Time on the date of pricing. MARA expects to use up to $200 million of the net proceeds from the sale of the notes to repurchase a portion of its existing convertible notes due 2026 in privately negotiated transactions with the remainder of the net proceeds to be used to acquire additional bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations.
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NGNE | Hot Stocks06:57 EST Neurogene provides update on NGN-401 clinical trial for Rett syndrome - Neurogene announced an update on its ongoing Phase 1/2 open-label clinical trial evaluating NGN-401 gene therapy for the treatment of Rett syndrome. On November 11, Neurogene became aware of an emerging treatment-related serious adverse event, or SAE, in a trial participant who received NGN-401 at a dose of 3E15 vg, high-dose cohort. This participant, who was dosed on November 5, subsequently experienced signs of a systemic hyperinflammatory syndrome, a rare and life-threatening immune response that has been reported with systemic exposure to high doses of AAV. The participant is in critical condition, and the case is continuing to evolve. The FDA completed a review of the safety data for NGN-401 and allowed Neurogene to proceed with the Phase 1/2 trial using the 1E15 vg dose - low-dose cohort -. Neurogene paused further use of the 3E15 vg dose upon initial notification of the SAE and does not plan to enroll any further participants at the 3E15 vg dose level. To date, there have been no other treatment-related SAEs in the clinical trial. All treatment-related AEs in the low-dose cohort have been mild. There have been no signs or symptoms indicative of MeCP2 overexpression toxicity. Neurogene no longer anticipates completing enrollment in the low-dose cohort of NGN-401 in Q4 as the company updates the protocol to reflect the discontinuation of the 3E15 vg dose.
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NGNE | Hot Stocks06:57 EST Neurogene provides update on NGN-401 clinical trial for Rett syndrome - Neurogene announced an update on its ongoing Phase 1/2 open-label clinical trial evaluating NGN-401 gene therapy for the treatment of Rett syndrome. On November 11, Neurogene became aware of an emerging treatment-related serious adverse event, or SAE, in a trial participant who received NGN-401 at a dose of 3E15 vg, high-dose cohort. This participant, who was dosed on November 5, subsequently experienced signs of a systemic hyperinflammatory syndrome, a rare and life-threatening immune response that has been reported with systemic exposure to high doses of AAV. The participant is in critical condition, and the case is continuing to evolve. The FDA completed a review of the safety data for NGN-401 and allowed Neurogene to proceed with the Phase 1/2 trial using the 1E15 vg dose - low-dose cohort -. Neurogene paused further use of the 3E15 vg dose upon initial notification of the SAE and does not plan to enroll any further participants at the 3E15 vg dose level. To date, there have been no other treatment-related SAEs in the clinical trial. All treatment-related AEs in the low-dose cohort have been mild. There have been no signs or symptoms indicative of MeCP2 overexpression toxicity. Neurogene no longer anticipates completing enrollment in the low-dose cohort of NGN-401 in Q4 as the company updates the protocol to reflect the discontinuation of the 3E15 vg dose.
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LBRT | Hot Stocks06:55 EST Liberty Energy comments on nomination of CEO as U.S. Secretary of Energy - Liberty Energy commented on the announcement by President-elect Donald Trump regarding his nomination of Chris Wright, Liberty's Founder, Chairman of the Board, Director and CEO, for the position of U.S. Secretary of Energy. The appointment of Mr. Wright as Secretary of Energy is subject to confirmation by the U.S. Senate, and Mr. Wright will continue in his current positions with the Company until confirmation occurs. Effective upon and subject to this confirmation and in accordance with the Company's succession plan, the Board of Directors intends to appoint William Kimble as non-executive Chairman of the Board and Ron Gusek as CEO. Mr. Kimble has been a member of the Board of Directors since the Company's initial public offering in January 2018 and has served as Lead Director since October 2018. Mr. Gusek joined Liberty in 2014 and has served as President of the Company since November 2016.
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MFC | Hot Stocks06:55 EST Manulife Financial CEO Roy Gori to retire, Phil Witherington to succeed - Manulife Financial's board announced that president and CEO Roy Gori has informed them of his intention to retire, effective May 8, 2025, with Phil Witherington appointed as his successor and joining the board of directors at that time. To support this transition, following Gori's retirement he has agreed to serve as an advisor through August 31, 2025. Witherington has been a member of the company's executive leadership team since 2017, serving as CFO for five years until his appointment to his current role as president and CEO, Manulife Asia.
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OSCR | Hot Stocks06:53 EST Oscar Health says Mark Bertolini's foundation purchases 933,333 shares - Oscar Health announced that the Anahata Foundation, a charitable foundation established by Mark T. Bertolini, Oscar's CEO, purchased 933,333 shares on the open market the week of November 11, 2024. Oscar was not a party to any of these transactions.
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DSGX | Hot Stocks06:52 EST Descartes Systems' foreign trade solution seleced by Automated Logistics Systems - Descartes Systems Group announced that Michigan-based Automated Logistics Systems is using Descartes' foreign trade zone solution to help its customers accelerate customs clearance and lower costs for imports into the U.S. by deferring the payment of many duties. The Descartes FTZ solution allows importers and logistics services providers to comply with CBP regulatory requirements for operating a FTZ in the U.S. by automating detailed chain of custody, access, shipment release and record-keeping processes.
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TH | Hot Stocks06:50 EST Target Hospitality extends contract with Pecos Children's Center - Target Hospitality announced the extension and amendment of the company's Pecos Children's Center, or PCC, contract, reaffirmed its previously announced 2024 financial outlook and enhanced its strategic capabilities. The PCC contract extension and amendment, effective November 16, supports a community capable of serving up to 6,000 individuals and will represent annual minimum lease revenue of approximately $168M. The PCC Contract continues to provide for additional occupancy based variable services revenue depending on active community population. However, given the dynamic fluctuations in community population, Target believes it prudent to continue excluding any incremental PCC variable revenue from its 2024 outlook. The company has engaged Carla Provost, a former chief of the United States Border Patrol under the previous Trump administration, to serve as a strategic advisor and government liaison. With over 25 years of service in the U.S. Border Patrol, the company believes Provost's knowledge and experience will provide insight as Target actively evaluates multiple government focused strategic growth initiatives.
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TSLA | Hot Stocks06:50 EST Tesla jumps 8% to $345.98 after Bloomberg report on self-driving car regulation
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INVH | Hot Stocks06:50 EST Invitation Homes announces $200M joint venture - Invitation Homes has entered into an agreement to form a new joint venture partnership with a global real estate investment partner. The JV will leverage the company's homebuilder partnerships, management expertise, and scale to invest in newly-constructed homes and communities in several high-growth markets. The JV is expected to deploy approximately $500M , including debt, to acquire newly constructed homes. The JV will be initially capitalized with a total equity commitment of $200M, of which $50M will be committed by Invitation Homes, with potential to upsize equity commitments through follow-on investment tranches in the future. The company will provide various management services to the JV, for which the company will earn management fees in addition to the opportunity to earn a promoted interest subject to certain performance thresholds. Invitation Homes also has certain rights to potentially acquire the JV's homes in the future.
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WDOFF | Hot Stocks06:38 EST Wesdome Gold Mines provides Kiena exploration update - Wesdome Gold Mines provides an update on the underground and surface exploration programs at its 100%-owned Kiena Mine in Val-d'Or, Quebec. Anthea Bath, CEO, stated: "This year's exploration budget for Kiena of over $20 million covered surface and underground expansion, infill and delineation drilling totaling more than 70,000 metres. This robust program has yielded impressive results across various zones at Kiena, underscoring its prospectivity and long-term potential. These latest drill results support both our fill the mill and two-mine structure initiatives, where high-grade production from Kiena Deep leverages existing shaft infrastructure, supplemented by near-surface feed transported from the 33-level via the Presqu'ile ramp. Drilling in the Footwall Zone of Kiena Deep has yielded promising results, supporting the conversion of resources to the indicated category at higher than expected grades. These results not only strengthen our understanding of the geology but also reinforce the potential to expand this high-grade zone. Given the proximity and continuity of this mineralization, the Footwall Zone may be integrated earlier into the life of mine plan. Drilling at depth below Kiena Deep also continues to confirm that high-grade mineralization extends to at least 1,875 metres below surface. In 2025, Wesdome is planning to establish an additional platform on 134-level to further test the structure down-plunge. Results from both the Presqu'ile and Dubuisson zones are also highly encouraging with the success of the Dubuisson infill program expected to support a year-end initial reserve estimate. Our team's execution during a limited seasonal barge drilling window allowed us to increase drill metres significantly across both the Dubuisson Northern and Southern zones, as well as Presqu'ile. These zones hold strategic importance, leveraging existing 33-level development to potentially enhance operational flexibility, increase mill utilization and materially reduce overall mine unit costs. The extension of down-plunge growth at Presqu'ile, where stope production is scheduled to commence in late 2025, is poised to establish it as an important new mining front. This progress has also enabled us to test the down-plunge extension at Dubuisson and advance infill drilling to support resource conversion at Presqu'ile." Highlights Kiena Deep - Footwall Zone: Footwall Zone continues to showcase mineralization at grades above current resource: Hole N127-6894: 218.9 g/t Au over 22.1m core length including 988.0 g/t Au uncapped over 1.0m core length; 1,920.0 g/t Au uncapped over 0.8m core length; Hole N127-6893: 49.7 g/t Au uncapped over 13.5m core length; Hole N127-6915: 18.1 g/t Au uncapped over 10.6m core length. Kiena Deep Extension: Follow-up drilling down-plunge at Kiena Deep confirms high-grade mineralization: Hole N103-6840W7: 84.3 g/t Au uncapped over 5.0m core length. Presqu'ile Zone: Infill drilling has intersected mineralization with visible gold: Hole PR-24-088: 62.1 g/t Au uncapped over 3.0m core length; Hole PR-24-089: 33.0 g/t Au uncapped over 2.6m core length. Dubuisson Zone: Infill and down-plunge drilling confirm continuity of the deposit: Hole DB-24-022: 9.5g/t Au uncapped over 3.2m core length; Hole DB-24-023: 18.1g/t Au uncapped over 5.9m core length; Hole DB-24-024: 9.1 g/t Au uncapped over 19.5m core length. Duchesne Zone: Drilling has helped to improve understanding of the historical zone: Hole DU-24-003: 24.4g/t Au uncapped over 3.2m core length. Wish Area: Exploration drilling aimed at the down-plunge extension of Wish intersected high-grade mineralization: Hole N033-6904: 26.3 g/t Au uncapped over 3.5m core length: Northwest Zone: Unexpectedly, drilling intersected high-grade mineralization to the north, while targeting the zone at depth: Hole: NW-24-005: 93.0g/t Au uncapped over 2.9m core length.
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TUYA | Hot Stocks06:36 EST Tuya announces investment by 65 Equity Partners - Tuya announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13% of Tuya's total issued shares from New Enterprise Associates. 65 Equity Partners is an independently managed wholly-owned investment platform of Temasek dedicated to supporting founders in their growth journey. The firm focuses on investing in family-owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States across the technology, business services, consumer, industrials and healthcare sectors.
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CVS | Hot Stocks06:34 EST CVS Health appoints four new directors following agreement with Glenview - The board of directors of CVS Health announced the appointment of four new board members: Leslie Norwalk, Larry Robbins, Guy Sansone, and Doug Shulman, following discussions with Glenview Capital Management. With these four new directors, the board now comprises 16 members. In connection with the board appointments, CVS Health and Glenview entered into a confidentiality agreement under which Glenview has agreed to customary confidentiality, standstill and other provisions.
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GRFX | Hot Stocks06:34 EST Graphex Group receives extension to comply with Nasdaq continued listing rules - Graphex Group received an extension from the NYSE American for an additional period to regain compliance with the NYSE American listing rules for American Depository Shares on the Exchange until May 15, 2025. The Company did not timely file with the Securities and Exchange Commission its Form 20-F for the year ended December 31, 2023. The initial cure period for the Company to maintain its listing of its ADS listed on the Exchange expired on November 15, 2024. The listing of the ADSs continues on the Exchange during the Additional Cure Period pursuant to this extension, subject to the Company's compliance with other continued listing requirements and the NYSE Regulation Staff's review of the Company's efforts to regain compliance with the Exchange's continued listing standards. The expiration of the initial cure period and the grant of the Additional Cure Period by the Exchange does not affect the Company's business operations or its reporting obligations under the Securities and Exchange Commission regulations and rules. The Company plans to file the Delayed Filing as soon as possible and in any event within the Additional Cure Period. However, there can be no assurance that the Company will ultimately regain compliance with all applicable Exchange listing standards.
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BNL | Hot Stocks06:33 EST Broadstone Net Lease announces updates on build-to-suit development funding - Broadstone Net Lease has updated its pipeline of build-to-suit development commitments. Additionally, the Company announced that BNL's CEO, John Moragne, CFO, Kevin Fennell, and Director of Corporate Finance and Investor Relations, Brent Maedl, will be participating in the Nariet REITworld 2024 Annual Conference in Las Vegas, NV, on November 19 and November 20, 2024. The company said, "As of the date of this release, we have a total of $246.5M in estimated build-to-suit development commitments to be funded through the second quarter of 2026. Since our October 30, 2024, release, in which we previously announced a total of $418.8M remaining estimated build-to-suit development commitments, we were notified that a prospective tenant for a large build-to-suit transaction in our pipeline shifted its strategy in connection with an unanticipated change in its executive leadership, and determined not to proceed with certain initiatives, including our transaction. As of today, the $246.5M in total estimated build-to-suit commitments includes $125.4M of commitments for developments that are actively under construction and $121.1M in additional development commitments. As of the date of this release, we have an aggregate of $264.4M in total investment commitments, which is comprised of the aforementioned $246.5M in total remaining estimated build-to-suit developments, $9.9M of acquisitions under control, and $8M of commitments to fund revenue generating capital expenditures with existing tenants."
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LVMUY | Hot Stocks06:33 EST LVMH appoints Alvarez-Pereyre as VP HR, Guiony as CEO Moet Hennessy - After consulting with the Sustainability and Governance Committee of the Board of Directors, Bernard Arnault, Chairman and Chief Executive Officer of LVMH, has decided to make the following appointments: Maud Alvarez-Pereyre will be appointed Executive Vice President Human Resources, VP HR, of the LVMH Group and become a member of the Executive Committee, effective December 1, 2024. Jean-Jacques Guiony, a member of the Executive Committee, will be named President and Chief Executive Officer of the Wines and Spirits division, Moet Hennessy, effective February 1, 2025. He replaces Philippe Schaus who, after 21 years with the Group, has decided to begin a new chapter in his career, focusing on non-executive roles. Jean-Jacques Guiony will be accompanied by Alexandre Arnault as Deputy CEO of the division, as of February 1, 2025. Charles Delapalme will be appointed President and Chief Executive Officer of Hennessy following a period of transition with Laurent Boillot, whose new responsibilities will be announced at a later date. Cecile Cabanis, a member of the Executive Committee, will be appointed Chief Financial Officer of the LVMH Group, succeeding Jean-Jacques Guiony as of February 1, 2025. In addition, Guillaume Motte, President and Chief Executive Officer of Sephora, will be named a member of the Executive Committee effective January 1, 2025.
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HY | Hot Stocks06:33 EST Hyster-Yale Materials announces stock repurchase program - Hyster-Yale announced that the board of directors authorized the repurchase of up to $50M or 1.5M shares, whichever comes first, of the company's outstanding Class A common stock.
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AZN | Hot Stocks06:31 EST AstraZeneca's Tagrisso recommended for approval in EU by CHMP for certain NSCLC - AstraZeneca's Tagrisso has been recommended for approval in the European Union for the treatment of adult patients with locally advanced, unresectable non-small cell lung cancer, or NSCLC, whose tumors have epidermal growth factor receptor exon 19 deletions or exon 21 substitution mutations and whose disease has not progressed during or following platinum-based chemoradiation therapy, or CRT, the company announced.
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FAT | Hot Stocks06:12 EST Fat Brands announces refinancing of Twin Peaks credit facility - FAT Brands announced that Twin Hospitality Group Inc., the operating unit for its Twin Peaks and Smokey Bones restaurant brands, has priced the issuance of new notes to refinance its whole business securitization credit facility originated in October 2021. The aggregate principal balance of the new Series 2024-1 fixed rate notes is $416,711,000 across four tranches, with a weighted average interest rate of 9.5% per annum. The issuer of the Notes will be Twin Hospitality I, a wholly-owned subsidiary of Twin Hospitality Group Inc. The Notes may be exchanged for a proportionate interest in Exchangeable Notes in two tranches, referred to as Class A2IIB2 and Class A2IIB2M2, which reflect in the aggregate the characteristics of the corresponding exchanged Notes.
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LGDTF | Hot Stocks06:09 EST Liberty Gold announces results from field sampling at Antimony Ridge discovery - Liberty Gold announced the completion of a first pass field sampling program at the Antimony Ridge discovery, part of the Company's Goldstrike Oxide Gold Project in southwestern Utah. Following a strategic staking program that added 3.2 square kilometers to the Goldstrike claim block in September, recent field work has confirmed the presence of significant high-grade antimony and gold oxide mineralization at surface. A follow-up detailed surface sampling and mapping program has been initiated to better define the key target areas and exploration drill testing is being planned for 2025. Pete Shabestari, Vice President, Exploration, commented: "Our successful fieldwork at Antimony Ridge confirms the high-grade potential of this discovery, not only for antimony but for gold as well. This program demonstrates our commitment to unlocking value from all parts of the Goldstrike project. We look forward to advancing Antimony Ridge into the next phase of exploration with an expanded field program and preparation for drilling in 2025." Key Sampling Results and Discoveries: Liberty Gold's recent fieldwork has significantly increased the size and grade of the identified antimony mineralized zone at Goldstrike, with new sampling returning values of up to 5.7% antimony and 3.94 grams per tonne gold, surpassing previous high-grade results of 2.0% antimony and 0.84 g/t gold. A total of 112 surface samples were taken from across the 6 square kilometer target area. The known high-grade mineralized zone is hosted within a laterally extensive jasperoid breccia body. The known mineralized zone spans greater than 450 meters along strike length and is five to locally over 10 meters thick. Sampling has been focused on areas of good exposure and regionally, the jasperoid is present throughout the eastern area at the contact between Eocene sediments and Miocene volcanics and dips 20-25 degrees to the northeast. In addition to mapping and sampling at the main antimony and gold zone, the field program discovered a 300 meter exposure of mineralized jasperoid breccia area 1,500 meters to the east, along the same contact.
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PRE | Hot Stocks06:08 EST Prenetics and David Beckham launch IM8 Health - Prenetics, in partnership with David Beckham, announced the official launch of IM8. This health and wellness brand introduces two premium products, Daily Ultimate Essentials and Daily Ultimate Longevity, both now available for purchase at IM8health.com, with shipping to 31 countries. IM8 Daily Ultimate Essentials is an all-in-one powder engineered to replace the complexity of 16 separate daily supplements. In a 12-week randomized clinical trial being conducted by the San Francisco Research Institute, IM8 Daily Ultimate Essentials demonstrated benefits in 30 days. The study is ongoing, but these early findings show the impact of IM8's 92 nutrient-rich ingredients.
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IHRT | Hot Stocks06:06 EST iHeartMedia announces exchange offers, consent solicitations for existing notes - iHeartMedia announced the November 15, 2024 commencement of exchange offers for iHeartCommunications, Inc.'s outstanding 6.375% Senior Secured Notes due 2026, 5.250% Senior Secured Notes due 2027, 4.750% Senior Secured Notes due 2028 and 8.375% Senior Notes due 2027, and concurrent consent solicitations to amend certain provisions in the indentures governing the Existing Notes pursuant to the terms and conditions described in a Confidential Offering Memorandum and Consent Solicitation Statement, dated November 15, 2024. Eligible Holders of the Existing Notes may not deliver consents in the Consent Solicitations without tendering their Existing Notes in the Exchange Offers. Concurrently with, but separately from, the Exchange Offers and Consent Solicitations, the Company also announced the commencement of an exchange offer for Communications' outstanding term loans and a consent solicitation to amend certain provisions in the credit agreement governing the Existing Term Loans in connection with the Term Loan Exchange. Pursuant to a Transaction Support Agreement entered into by the Company, certain of its subsidiaries and certain lenders and holders of the Existing Debt as of November 14, 2024, Supporting Holders representing approximately 85.4% of the aggregate principal amount of the Existing Debt, including approximately 84.1% aggregate principal amount of the Existing 2026 Secured Notes, approximately 89.5% aggregate principal amount of the Existing 2027 Secured Notes, approximately 40.9% aggregate principal amount of the Existing 2028 Secured Notes, approximately 82.8% aggregate principal amount of the Existing Unsecured Notes and approximately 95.3% aggregate principal amount of the Existing Term Loans, have agreed to tender and provide consents with respect to their Existing Notes in the Exchange Offers and Consent Solicitations and exchange and provide consents with respect to their Existing Term Loans in the Term Loan Exchange and Term Loan Consent Solicitation. Simpson Thacher & Bartlett LLP served as counsel and PJT Partners served as financial advisor to the Company. Davis Polk & Wardwell LLP served as counsel and Perella Weinberg Partners served as financial advisor to an ad hoc group of certain of the Supporting Holders.
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IDYA GILD | Hot Stocks06:04 EST Ideaya Biosciences appoints Stu Dorman as chief commercial officer - Ideaya (IDYA) announced the appointment of Stu Dorman as chief commercial officer. Dorman has over 20 years of oncology and hematology experience. Prior to joining Ideaya, Dorman was the VP, U.S. oncology business unit head at Gilead Science (GILD).
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HIMS | Hot Stocks06:02 EST Hims & Hers names Deb Autor to board, Janet Stevens as head of quality, safety - Hims & Hers Health, announced Deb Autor, former deputy commissioner at the FDA, will join the company's board of directors, and Janet Stevens, a pharmaceutical quality expert, will join the company as Global Head of Quality & Safety. Autor previously served as the Deputy Commissioner for Global Regulatory Operations and Policy at the FDA, where she oversaw FDA inspections, criminal investigations, and international operations for the agency. She also served as the agency's Director of the Office of Compliance for the Center for Drug Evaluation and Research, leading enforcement for drug requirements. Stevens joins Hims & Hers from Hillrom, where she served as the Chief Quality Officer, helping the company achieve top-quartile results in global quality regulations.
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CAAS | Hot Stocks06:01 EST China Automotive announces $5M share repurchase program - China Automotive announced that its board of directors approved a share repurchase program of up to $5M of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional share purchases in addition to the company repurchase.
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BBIO | Hot Stocks05:43 EST BridgeBio announces publication of PROPEL 2 data in NEJM - BridgeBio announced that 18-month results from PROPEL 2, a Phase 2 trial of the investigational therapy infigratinib in children with achondroplasia, were published as an original research article in the New England Journal of Medicine, or NEJM. Infigratinib is an investigational oral small molecule designed to inhibit FGFR3 signaling and target achondroplasia at its source. These data, which were also presented at the 62nd Annual European Society for Paediatric Endocrinology, or ESPE, meeting in Liverpool, demonstrate continued efficacy and a safety profile as an oral treatment option. Key results from the PROPEL 2 dataset were presented at ESPE in a talk titled "Oral infigratinib for children with achondroplasia: Month 18 results from the PROPEL 2 study demonstrate safety and durability of treatment effect on linear growth with improved body proportionality" by Melita Irving. The key data that were shared included: Statistically significant increase in annualized height velocity, or AHV, was observed in children in Cohort 5 who received a daily dose of 0.25 mg/kg/ day of infigratinib, with a mean change from baseline in AHV of +2.50 cm/year at Month 18. Mean change from baseline in height Z-score was +0.54 relative to an untreated achondroplasia population at Month 18. Statistically significant improvement in body proportionality was -0.12 at Month 18. Oral infigratinib was well tolerated at Month 18, with no serious adverse events or treatment-emergent adverse events leading to treatment discontinuation. Additionally, there was no accelerated progression of bone age, negative changes in bone mineral density, or other bone-related adverse events observed.
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MMYT | Hot Stocks05:35 EST MakeMyTrip to acquire Happay Expense Management Platform, terms undisclosed - MakeMyTrip announced that it has signed a business transfer agreement to acquire Happay Expense Management Platform from CRED. This acquisition reinforces MakeMyTrip's commitment to becoming the go-to platform for comprehensive corporate travel and expense management solutions. Under the agreement, Happay brand, its expense management business, and its dedicated team will transition to MakeMyTrip. The transaction is expected to close within the next 90 days, subject to closing conditions. Happay's team will continue to support the existing client base while working in close partnership with MakeMyTrip's corporate travel services team. Happay's payments business and team, which has focused on developing an innovative technology stack and business payments products, will remain with CRED. Most recently, this vertical launched a B2B payments solutions on Bharat Connect in partnership with NPCI.
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CPAY | Hot Stocks05:33 EST Corpay extends partnership with World Aquatics - Corpay announced that Corpay's Cross-Border business has entered into a multi-year agreement to extend their collaboration with World Aquatics as their Official FX Payments Supplier.
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ACN | Hot Stocks05:29 EST Accenture, ETS collaborate on end-to-end talent management solution - Accenture and ETS are collaborating to deliver a new end-to-end talent management solution designed to empower the future workforce while also enhancing the way organizations source, manage, upskill, and grow talent. This new approach to skills training and assessing job readiness will be designed to help people advance their careers by expanding and enhancing their skill sets.
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ABBV | Hot Stocks05:27 EST AbbVie receives EC approval of Elahere - AbbVie announced the European Commission, or EC, granted marketing authorization for Elahere for the treatment of adult patients with folate receptor-alpha, or FRa, positive, platinum-resistant high grade serous epithelial ovarian, fallopian tube or primary peritoneal cancer who have received one to three prior systemic treatment regimens. Elahere is the first and only folate receptor alpha-directed antibody drug conjugate medicine approved in the European Union, as well as Iceland, Liechtenstein, Norway, and Northern Ireland.
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RHHBY | Hot Stocks05:25 EST Roche receives CE Mark for Ventana FOLR1 RxDx Assay - Roche announced that it has received CE Mark for its Ventana FOLR1 RxDx Assay. This is the first immunohistochemistry, or IHC, companion diagnostic test to be made widely available in Europe to aid in identifying epithelial ovarian cancer, or EOC, patients who may be eligible for targeted treatment with Elahere. Elahere is an antibody-drug conjugate therapy developed by AbbVie for the treatment of FRa-positive platinum-resistant ovarian cancer. This certification follows the news earlier this year that the Ventana FOLR1 test had received pre-authorization in Germany and Austria. This exceptional decision allowed clinicians and patients in these countries to access the test ahead of the CE Mark certification.
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BCRX | Hot Stocks05:22 EST BioCryst launches Orladeyo in ireland - BioCryst announced that the Health Services Executive, or HSE, in Ireland has recommended Orladeyo for the routine prevention of recurrent attacks of hereditary angioedema, or HAE, in eligible patients 12 years and older. With this recommendation, HAE patients in Ireland will have access to the first oral, once-daily therapy for the reduction of recurrent HAE attacks. The HSE decision in Ireland follows the European Commission marketing authorization of Orladeyo in April 2021. To date, Orladeyo is licensed in 44 countries.
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ESLT | Hot Stocks05:18 EST Elbit Systems awarded $335M in contracts to supply defense systems - Elbit Systems announced that it was awarded contracts worth a total amount of approximately $335M, to supply defense systems to a European country. The contracts include the supply of Precise and Universal Launching Systems, or PULS, rocket launchers and rockets, as well as Hermes 900 Unmanned Aircraft Systems, or UAS, equipped with advanced payloads. The contracts will be performed over a period of three years and six months.
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NATL NWG | Hot Stocks05:15 EST NCR Atleos, NatWest Group expand relationship - NCR Atleos (NATL) announced that NatWest Group (NWG) has expanded its relationship with NCR Atleos to transform its self-service banking channel. As part of its commitment to modernization and improving customer experiences, the organization identified the need for a more agile and efficient self-service banking platform. Through its collaboration with NCR Atleos, NatWest Group is in the process of upgrading its owned and partner network of more than 5,500 ATMs and multi-function devices. This refresh will streamline NatWest Group branch and self-service operations, optimize availability and enable faster deployment of new transactions and services. The program includes the replacement of all NatWest owned ATMs and multi-function devices with new NCR Atleos technology that will provide a new innovative customer interface presented on 19" touchscreen displays.
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SAVE | Hot Stocks05:10 EST Spirit Airlines enters Chapter 11 proceedings, restructuring support agreement - Spirit Airlines announced that it has entered into a restructuring support agreement, or RSA, supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a balance sheet restructuring. The restructuring is expected to reduce Spirit's debt and provide increased financial flexibility. In connection with the RSA, Spirit has received backstopped commitments for a $350M equity investment from existing bondholders and will complete a deleveraging transaction to equitize $795M of funded debt. To implement the RSA, the company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York. Existing bondholders are also providing $300M in debtor-in-possession, or DIP, financing, which, together with Spirit's available cash reserves and cash provided by operations, is expected to further support the company through the chapter 11 process. Spirit expects to continue operating its business in the normal course throughout this prearranged, streamlined chapter 11 process. Guests can continue to book and fly without interruption and can use all tickets, credits and loyalty points as normal. The chapter 11 process itself will not impact team member wages or benefits, which are continuing to be paid and honored for those employed by Spirit. Vendors, aircraft lessors and holders of secured aircraft indebtedness will continue to be paid in the ordinary course and will not be impaired. In conjunction with the petition, Spirit has filed a series of first-day motions, which, once approved by the court, will further facilitate the company operating its business in the ordinary course during the streamlined chapter 11 process. As a result of the chapter 11 filing, Spirit expects to be delisted from the New York Stock Exchange in the near term. The company expects that its common stock will continue to trade in the over-the-counter marketplace through the chapter 11 process. The shares are expected to be cancelled and have no value as part of Spirit's restructuring.
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SAVE | Hot Stocks05:04 EST Spirit Airlines issues letter to shareholders - Spirit Airlines issued the following open letter to all Spirit guests: "We are writing to let you know about a proactive step Spirit has taken to position the company for success. Spirit has entered into an agreement with our bondholders that is expected to reduce our total debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value. Part of this financial restructuring includes filing a "prearranged" chapter 11. The most important thing to know is that you can continue to book and fly now and in the future. We also want to assure you: You can use all tickets, credits and loyalty points as normal. You can continue to benefit from our Free Spirit loyalty program, Saver$ Club perks and credit card terms. Our amazing Team Members are here to offer you excellent service and an elevated experience. We expect to complete this process in the first quarter of 2025 and emerge even better positioned to deliver the best value in the sky. Other airlines that are operating successfully today have undertaken a similar process. For more information about our financial restructuring, please visit www.SpiritGoForward.com. We're grateful you continue to choose Spirit for your travel needs. As we head into the holiday season and beyond, we look forward to welcoming you on board again soon."
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