Stockwinners Market Radar for November 19, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
MMI | Hot Stocks20:44 EST Marcus & Millichap hires Ian Grusd to expand commercial property auction service - Marcus & Millichap "announced the hiring of Ian Grusd. In his new role, Grusd will focus on expanding Marcus & Millichap's national Auction Services team with Northeast-based clients selling properties throughout the country. Previously, Grusd was at Ten-X where he represented real estate investment trusts, private equity funds, institutions, syndicators, and family offices in accelerated marketing and property dispositions through auction. He has over 25 years of brokerage, advisory service, asset management, ownership, and receivership experience and has sourced and sold commercial real estate across all product types valued at more than $2 billion."
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NTLA | Hot Stocks20:12 EST Cathie Wood's ARK Investment buys 223.5K shares of Intellia Therapeutics today
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AVAV | Hot Stocks18:53 EST AeroVironment CEO: BlueHalo acquisition is a once in a generation opportunity - In an interview on CNBC's Mad Money, Wahid Nawabi said there is so much demand for AeroVironment's products globally that it will remain busy for the next decade. The company's drones are "compelling" from a financial standpoint and work extremely well on the battlefield, he noted.
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AVAV | Hot Stocks18:48 EST AeroVironment CEO: BlueHalo acquisition is a once in a generation opportunity - In an interview on CNBC's Mad Money, Wahid Nawabi said there is so much demand for the AeroVironment's products globally that it will remain busy for the next decade. The company's drones are "compelling" from a financial standpoint and work extremely well on the battlefield, he noted.
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PSEC | Hot Stocks18:40 EST Prospect Capital CEO Barry buys 205,900 common shares - In a regulatory filing, Prospect Capital CEO John Barry disclosed the purchase of 205,900 common shares of the company on November 15 at a price of $4.40 per share.
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NOVA | Hot Stocks18:36 EST Sunnova Energy director buys $389.7K in common stock - In a regulatory filing, Sunnova Energy disclosed that its director Akbar Mohamed bought 104.7K shares of common stock on November 15th as part of option exercise in a total transaction size of $389.7K. Shares of Sunnova are up 4% afterhours at $3.58.
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AAPL | Hot Stocks18:33 EST Apple director Levinson sells 200,000 common shares - In a regulatory filing, Apple director Arthur Levinson disclosed the sale of 200,000 common shares of the company in three transactions dated November 15-19. The shares were sold in a price range of $224.68-$229.28 per share.
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AAPL | Hot Stocks18:32 EST Apple exec Kondo sells 4,130 common shares - In a regulatory filing, Apple principal accounting officer Chris Kondo disclosed the sale of 4,130 common shares of the company on November 18 at a price o $228.87 per share.
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FCPT | Hot Stocks18:09 EST Four Corners Property Trust acquires three properties for $6.6M - Four Corners Property Trust announces the acquisition of a Raising Cane's property, a Dollar General property, and a Jiffy Lube property for $6.6 million. The properties are located in strong retail corridors in Texas and Florida under long term, triple net leases with a weighted average of 8 years of term remaining. The Raising Cane's and Dollar General properties are corporate-operated and the Jiffy Lube is franchisee-operated. The transaction was priced at a 7.3% cap rate on rent as of the closing date and exclusive of transaction costs.
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CSCO | Hot Stocks18:03 EST Cisco CEO sells $9.87M in common stock - In a regulatory filing, Cisco disclosed that its CEO Charles Robbins sold 171.7K shares of common stock on November 15th in a total transaction size of $9.87M.
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CSCO | Hot Stocks18:02 EST Cisco General Counsel sells $3.34M in common stock - In a regulatory filing, Cisco disclosed that its General Counsel Deborah Stahlkopf sold 58.2K shares of common stock on November 15th in a total transaction size of $3.34M.
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CSCO | Hot Stocks18:01 EST Cisco CFO sells $4.96M in common stock - In a regulatory filing, Cisco disclosed that its CFO Richard Herren sold 86.4K shares of common stock on November 15th in a total transaction size of $4.96M.
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WKHS | Hot Stocks17:39 EST Workhorse Group says company has $106.7M in financing facility still available - In its Q3 earnings call slides, Workhorse Group says the company has "reduced its cash burn rate to less than $3.5 million per month in the last six months and also has $106.7 in financing facility still available as of September 30, 2024."Reference Link
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CON... | Hot Stocks17:20 EST Concentra to replace Myers Industries in S&P 600 at open on 11/27 - Select Medical Holdings (SEM) is distributing the 80% of shares of Concentra Group Holdings (CON) it owns to shareholders in a transaction expected to be completed on November 26. Myers Industries' (MYE) market capitalization is no longer representative of the small-cap market space.
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BAM BEP | Hot Stocks17:19 EST TVA enters 10-year PPA with Brookfield Asset Management facilities - Tennessee Valley Authority, or TVA, together with Argo Infrastructure Partners and Brookfield Asset Management (BAM), with its listed affiliate Brookfield Renewable (BEP) announced the signing of a 10-year power purchase agreement, or PPA, with power to be delivered by the Cheoah, Calderwood, Chilhowee and Santeetlah dams, together known as the Smoky Mountain Hydroelectric facilities, which is jointly owned by Argo and Brookfield. Smoky will begin delivering power through the PPA starting in 2025 and over the next decade, will supply more than 14 gigawatt hours of carbon-free energy to TVA customers.
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AZTA ENV | Hot Stocks17:18 EST Azenta to replace Envestnet in S&P 600 at open on 11/25 - Bain Capital is acquiring Envestnet in a deal expected to be completed soon, pending final closing conditions.
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FLEX AZTA | Hot Stocks17:17 EST Flex to replace Azenta in S&P 400 at open on 11/25
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MKC | Hot Stocks17:16 EST McCormick raises quarterly dividend to 45c from 42c per share - The board of directors of McCormick & Company declared an increase in the quarterly dividend from 42c to 45c per share on its common stocks, payable January 13, 2025 to shareholders of record December 30, 2024. This marks the company's 101st year of continuous dividend payments and the 39th consecutive year it has increased its quarterly dividend.
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WKHS | Hot Stocks17:11 EST Workhorse Group up 8% at $1.32 after Q3 results, GSA contract announcement
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WKHS | Hot Stocks17:10 EST Workhorse Group awarded General Services Administration contract - Workhorse Group "announced that it has been added to the GSA Schedule by being awarded a General Services Administration, GSA, Government Fleet Contract through its dealer, Colonial Fleet Electrification. This milestone allows federal government agencies to streamline procurement of Workhorse's American-made electric commercial vehicles in the W56 platform, enhancing their access to reliable, efficient, transportation solutions from American companies. The GSA contract, GS-30F-RA005, is listed under Special Item Number (SIN) 493E, making Workhorse vehicles readily available for agencies with access to the GSAFleet.gov platform. This designation follows a comprehensive review of Workhorse's production capabilities, quality systems, testing and inspection processes, and the manufacturing standards at the Company's Union City, Indiana facility, known as the Workhorse Ranch."
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ZTO | Hot Stocks17:07 EST ZTO Express cuts FY24 parcel volume growth view to 11.6%-12.3% from 15%-18% - The company states: "Based on current market and operating conditions, the Company revises its previously stated annual guidance. Parcel volume for 2024 is expected to be in the range of 33.7 billion to 33.9 billion, representing a 11.6% to 12.3% increase year over year." ZTO previously expected Parcel volume for 2024 to be in the range of 34.73 billion to 35.64 billion.
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BALY SBGI | Hot Stocks17:06 EST Bally's stockholders approve merger agreement with Standard General - Bally's (BALY) announced that at its special meeting of stockholders held, its stockholders, including its unaffiliated stockholders, approved the adoption of its previously announced definitive merger agreement with The Queen Casino & Entertainment, a portfolio company majority-owned by the company's largest stockholder, Standard General. At the special meeting, the company stockholders also approved, on a non-binding advisory basis, the compensation that may or will become payable by Bally's to its named executive officers in connection with the transactions contemplated by the merger agreement. The merger agreement has been adopted by the affirmative vote of the holders of a majority of the outstanding shares of the company's common stock as of the October 21 record date for the special meeting and the affirmative vote of the holders of a majority of the holders of the outstanding shares of the company's common stock as of such record date, excluding those held by Standard General, Sinclair Broadcast Group (SBGI), Noel Hayden and certain executive officers and a director of the company. Stockholders who validly elected to have their company shares remain issued and outstanding following the company merger as of 5:00 p.m. ET, will be assigned a new CUSIP number and their shares will continue to be traded on the NYSE under the new ticker symbol (BALY.T), prior to the effective time of the company merger. The company, subject to the prior approval by the special committee, reserves the right to open one or more new rolling share election periods prior to the company effective time. Closing of the transactions contemplated by the merger agreement is anticipated to occur in the first half of 2025 and remain subject to the receipt of regulatory approvals and the satisfaction of other customary closing conditions.
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QCOM | Hot Stocks17:04 EST Qualcomm provides new five-year financial targets for its QCT business - Qualcomm outlined its significant opportunities for growth and diversification at its 2024 Investor Day. The company's unique position at the edge is driving access to an expanded TAM of approximately $900B by 2030, with more than 50B cumulative connected edge device shipments expected from 2024 through 2030. Qualcomm provided new five-year financial targets for its QCT business, including: Automotive and IoT to drive combined revenues of $22B by FY29. Automotive revenues to grow to $8B by FY29. IoT to grow to $14B in revenues by FY29. PC to grow to $4B in revenues by FY29. Industrial to grow to $4B in revenues by FY29. XR to grow to more than $2B in revenues by FY29. Rest of IoT to grow to $4B in revenues by FY29.
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QFIN | Hot Stocks17:03 EST Qifu Technology approves repurchase of up to $450M of ADSs - On November 19, 2024, the company's board of directors approved a new share repurchase plan whereby the company is authorized to repurchase up to $450M worth of its ADSs or Class A ordinary shares over the next 12 months starting from January 1, 2025. The share repurchases may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and will be implemented in accordance with applicable rules and regulations.
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CI... | Hot Stocks16:50 EST Trump names Dr. Oz as administrator of Medicare and Medicaid Services - President-elect Donald Trump has chosen Dr. Mehmet Oz to be administrator of Centers for Medicare and Medicaid Services. In a statement on Truth Social, Trump said in part, "Dr. Oz will work closely with Robert F. Kennedy Jr. to take on the illness industrial complex, and all the horrible chronic diseases left in its wake...Dr. Oz will be a leader in incentivizing Disease Prevention, so we get the best results in the World for every dollar we spend on Healthcare in our Great Country." Publicly traded companies in the healthcare space include CVS Health (CVS), Centene (CNC), Cigna (CI), Elevance Health (ELV), Humana (HUM), Molina Healthcare (MOH) and UnitedHealth (UNH).
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SES GM | Hot Stocks16:37 EST General Motors Ventures cuts stake in SES AI to 6.2% - General Motors Ventures (GM) disclosed a reduced stake of 6.2% in SES AI (SES), which represents over 19.72M shares. General Motors Ventures sold a total of 13.332M shares of SES AI at an average price of 20c.
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ALGM | Hot Stocks16:33 EST Allegro MicroSystems exec buys $285K in common stock - In a regulatory filing, Allegro MicroSystems disclosed that its CTO Michael Doogue bought 15K shares of common stock on November 18th in a total transaction size of $285K. Shares of Allegro MicroSystems are up 0.8% afterhours at $19.65.
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NA | Hot Stocks16:33 EST Nano Labs regains compliance with Nasdaq minimum bid price requirement - Nano Labs announced that it received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market on November 18 , indicating that the Company has regained compliance with the minimum bid price requirement set forth in Rule 5450 a 1 of the Nasdaq Listing Rules. As previously announced, on May 23, he Nasdaq notified the Company of its non-compliance with the Nasdaq's minimum
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LLY PG | Hot Stocks16:32 EST Eli Lilly appoints Jon Moeller to board of directors - Eli Lilly and Company (LLY) announced that it has elected Jon Moeller as a new member of its board of directors, effective Dec. 1. In addition, the company announced that Karen Walker will transition her role with Lilly, resigning as a member of Lilly's board of directors effective Dec. 31. In 2025, Walker will collaborate with Lilly on certain digital commercial activities. Moeller is the chairman of the board, president and CEO of Procter & Gamble (PG).
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PATK | Hot Stocks16:32 EST Patrick Industries approves stock split of its common stock - Patrick Industries announced that on November 18 the Company's Board of Directors approved a three-for-two stock split of the Company's common stock, to be effected in the form of a stock dividend, payable as one additional share of common stock for every two shares of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would have been entitled to receive in connection with the split. The stock dividend is effective for shareholders of record as of the close of business on November 29 and will be payable on December 13. The Company's stock will begin trading on a post-split basis on December 16. The split will increase the number of outstanding shares of the Company's common stock from approximately 22.4M to 33.6M.
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ZI | Hot Stocks16:20 EST ZoomInfo CEO buys $5.05M in common stock - In a regulatory filing, ZoomInfo disclosed that its CEO Henry Schuck bought 492.5K shares of common stock on November 15th in a total transaction size of $5.05M. Shares of ZoomInfo are up 3% afterhours at $10.18.
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SGMO | Hot Stocks16:17 EST Sangamo up 11% at $2.17 on FDA clearing IND for ST-503
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SGMO | Hot Stocks16:16 EST Sangamo gets FDA clearance of IND application for ST-503 in iSFN - The company states: "Sangamo Therapeutics announced that the FDA has cleared the investigational new drug application for its ST-503 program, an investigational epigenetic regulator for the treatment of intractable pain due to idiopathic small fiber neuropathy, or iSFN, a type of chronic neuropathic pain. Neuropathic pain can be caused by a broad array of pathologies impacting the central or peripheral nervous systems, such as surgical trauma, spinal cord injury, nerve compression, neurological and infectious diseases, or metabolic and hereditary syndromes. ST-503 is not intended for sporadic or acute pain, but for chronic, intractable pain that completely dominates and often destroys the lives of patients over many years. The Phase 1/2 study will assess the safety and efficacy of ST-503 in addressing iSFN, a peripheral neuropathy that results in highly debilitating symptoms of burning, prickling, stabbing or "lightning-like" pain. iSFN has an estimated prevalence of at least 43,000 patients in the U.S., and more broadly, peripheral neuropathies are estimated to affect nearly 40 million Americans. Antidepressants, anticonvulsants, opioids and topical therapies are potential treatment options, although no long-lasting or curative therapies are currently available for iSFN patients, leading to a high unmet medical need for this patient population. Sangamo is preparing for the Phase 1/2 clinical study to assess the safety, tolerability and preliminary efficacy of a one-time dose of ST-503, administered intrathecally to patients with intractable pain due to iSFN, and plans to initiate patient enrollment in mid-2025. Sangamo believes that if this study is successful, the development of ST-503 could be broadened to patient populations suffering from other types of chronic neuropathic pain."
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AIZ | Hot Stocks16:15 EST Assurant raises quarterly dividend 8c to 80c per share - Assurant announced that its Board of Directors declared a quarterly dividend increase of 8c to 80c per share of common stock. The dividend will be payable on December 30, 2024 to stockholders of record as of the close of business on December 9, 2024. "Today represents another significant milestone for Assurant and our shareholders, as we increased our dividend for the 20th consecutive year since our initial public offering," said Assurant Executive Vice President and Chief Financial Officer Keith Meier. "The 11 percent increase in our quarterly dividend underscores our strong capital position and confidence in Assurant's long-term cash generation, led by our unique and differentiated businesses across Global Lifestyle and Global Housing. As we look to the future, we remain focused on driving growth while delivering attractive returns to our shareholders, supported by our balanced capital management strategy," Meier added.
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LSAK | Hot Stocks16:13 EST Lesaka to acquire Recharger for $28M - Lesaka announced that it has signed a definitive agreement to acquire 100% of the issued and outstanding ordinary shares of Recharger, a South African prepaid electricity submetering and payments business. The purchase consideration of ZAR 507M, or $28M, will be paid over two tranches with the first tranche settled at closing and the second tranche a year later. The purchase consideration will be settled through a combination of ZAR 332M, or $18M in cash and ZAR 175M, or $10M, in shares of Lesaka common stock. The share price applied to determine the number of shares of Lesaka's common stock to be issued for the equity consideration will be based on the volume-weighted average price of Lesaka shares for the three-month period prior to the disbursal of each tranche. Lesaka will also make a ZAR 43M contribution to Recharger at closing which will be used exclusively to repay a loan due by Recharger to the seller. The company expects the transaction to be concluded at an EV/EBITDA multiple of approximately six times. Recharger is expected to sit within the Enterprise pillar of Lesaka's merchant division. The company expects the acquisition to act as an entry point into the South African private utilities space while augmenting the Enterprise pillar's alternative payment offering. The transaction is expected to close in Lesaka's third quarter of fiscal 2025 and is subject to regulatory approvals and satisfaction of customary closing conditions.
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DAVE | Hot Stocks16:13 EST Dave announces Kevin Frisch appointed Chief Marketing Officer - Dave announced that Kevin Frisch has been appointed Chief Marketing Officer. In this role, Frisch will lead all facets of Dave's marketing strategy, including brand, content, product marketing, acquisition, cross-sell, retention, and overall go-to-market.Frisch brings a wealth of experience in delivering transformative marketing strategies that drive team empowerment and performance, enhance customer satisfaction and loyalty, and accelerate profitable growth. Most recently he served as Vice President of Marketing at Intuit, where he was accountable for $6B in revenue, overseeing a team of over 200 responsible for all of QuickBooks US Marketing, including multi-channel acquisition, lifecycle marketing, website, research, content, product marketing, and go-to-market strategies. Prior to Intuit, Frisch held senior leadership roles at Uber, Wag and GSN.
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DNB IBM | Hot Stocks16:13 EST Dun & Bradstreet announces availability of generative AI assistant - Dun & Bradstreet (DNB) announced the availability of D&B Ask Procurement, its generative artificial intelligence assistant built in collaboration with IBM (IBM), that synthesizes vast datasets and provides intelligent recommendations to help procurement teams make faster data-driven decisions, mitigate risks and drive efficiencies across their supplier networks. Connected to Dun & Bradstreet's comprehensive business risk, financial, and firmographic data and insights, D&B Ask Procurement helps teams to query critical supplier insights, expedite analysis and reporting, and identify suppliers for engagement. Built with IBM watsonx Orchestrate and watsonx.ai technology with support from IBM Consulting, D&B Ask Procurement is an AI assistant that also leverages an agentic AI framework to provide advanced reasoning capabilities and autonomous decision making. Utilizing a conversational chat interface, users can quickly and more easily expand insights to help de-risk their supply chain, increase productivity. and ultimately reduce costs. "D&B Ask Procurement unlocks the full depth and breadth of Dun & Bradstreet's content for procurement professionals to be able to quickly access a 360-degree view of a company's business relationships and make more informed decisions," said Brian Filanowski, General Manager, Finance & Risk Solutions, Dun & Bradstreet. "We're committed to fusing Dun & Bradstreet's trusted data and analytics with the Gen AI capabilities of IBM watsonx Orchestrate to power solutions like D&B Ask Procurement that deliver meaningful competitive advantages to our customer's businesses."
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OKE DTM | Hot Stocks16:12 EST Oneok to sell interstate natural gas pipeline systems to DT Midstream for $1.2B - Oneok (OKE) announced that it has executed a definitive agreement with DT Midstream (DTM) under which Oneok will sell its three wholly owned interstate natural gas pipeline systems for a total cash consideration of $1.2B subject to customary adjustments. Based on Federal Energy Regulatory Commission filings, the purchase price represents 10.8 times previous 12 months EBITDA as of June 30. The transaction, unanimously approved by the boards of directors of both Oneok and DT Midstream, is expected to close in the fourth quarter of 2024, and is subject to customary closing conditions, including Hart-Scott-Rodino Act clearance. Upon closing of this transaction, the net proceeds from the sale are expected to enhance Oneok's financial flexibility and its deleveraging trend toward its previously announced target of 3.5 times during 2026.
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XP | Hot Stocks16:11 EST XP Inc. announces new share repurchase program for up to R$1.0B - XP Inc. announced that its board of directors has approved a new share repurchase program. Under the repurchase program, XP may repurchase up to the amount in dollars equivalent to R$1.0 billion of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on November 20th, 2024 continuing until the earlier of the completion of the repurchase or November 20th 2025, depending upon market conditions. XP's board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the repurchase program. XP expects to utilize its existing cash to fund repurchases made under the repurchase program.
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KEYS | Hot Stocks16:09 EST Keysight Technologies up 10% at $167.20 after Q4 earnings beat, guidance
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DTM OKE | Hot Stocks16:08 EST DT Midstream to acquire three Oneok natural gas transmission pipelines for $1.2B - DT Midstream (DTM) announced that it has reached an agreement to acquire a portfolio of three FERC-regulated natural gas transmission pipelines from Oneok (OKE) for $1.2B. The pipelines have a total capacity of more than 3.7 Bcf/d with approximately 1,300 miles across seven states in the Midwest market region. The acquisition price represents an approximately 10.5x 2025 EBITDA multiple. Under the terms of the agreement, DT Midstream will acquire 100% operating ownership in Guardian Pipeline, Midwestern Gas Transmission and Viking Gas Transmission. Guardian Pipeline is an approximately 260-mile interstate pipeline which is interconnected to DT Midstream's Vector Pipeline, the Chicago Hub and serves Wisconsin demand centers. Midwestern Gas Transmission is an approximately 400-mile bi-directional interstate pipeline which connects Appalachia supply to the Midwest market region between Tennessee and the Chicago Hub. The pipeline has an interconnection with Guardian Pipeline. Viking Gas Transmission is an approximately 675-mile interstate pipeline which connects key utility customers in Minnesota, Wisconsin and North Dakota to Canadian supply at Emerson, Manitoba. The acquisition directly aligns with DT Midstream's strategy of owning natural gas assets connecting premier supply basins with key demand centers and market regions, and with revenues supported by take-or-pay contracts with creditworthy and diverse customers. The transaction is expected to increase DT Midstream's pipeline segment to approximately 70% of adjusted EBITDA in 2025 and will increase the backlog of organic growth projects. Overall, the acquired portfolio has an approximately 90% demand-pull customer base with approximately 85% of revenues from investment-grade customers. The transaction has been approved by DT Midstream's board of directors and is expected to close in late 2024 or early 2025, subject to regulatory approvals, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Act, and other customary closing conditions.
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VKTX | Hot Stocks16:05 EST Viking Therapeutics reports results from Phase 2b clinical trial of VK2809 - Viking Therapeutics announced that final results from the company's Phase 2b clinical trial of VK2809, the company's novel liver-selective thyroid hormone receptor beta agonist, in patients with biopsy-confirmed non-alcoholic steatohepatitis were highlighted in an oral late breaker presentation at the 75th Liver Meeting 2024, the annual meeting of the American Association for the Study of Liver Disease, or AASLD. The presentation summarized the final 52-week data from the VOYAGE study, showing that VK2809 successfully achieved the trial's primary and secondary endpoints while demonstrating excellent tolerability and promising safety. Patients receiving VK2809 demonstrated statistically significant reductions in liver fat at Week 12, which was the primary endpoint in VOYAGE. Importantly, patients receiving VK2809 continued to demonstrate statistically significant reductions in liver fat content at Week 52, with the mean relative change from baseline ranging from 37% to 55%. On the secondary endpoint of NASH resolution with no worsening of fibrosis, VK2809-treated patients demonstrated NASH resolution ranging from 63% to 75%, compared with 29% for placebo. Across the combined VK2809 treatment groups, 69% achieved NASH resolution. Resolution of NASH was defined as a non-alcoholic fatty liver disease activity score of 0 or 1 for inflammation and 0 for ballooning. On the secondary endpoint evaluating improvement in fibrosis with no worsening of NASH, VK2809-treated patients demonstrated improvement in fibrosis ranging from 44% to 57%, compared with 34% for placebo. Across the combined VK2809 treatment groups, 51% achieved improvement in fibrosis with no worsening of NASH.
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RGLD | Hot Stocks15:17 EST Royal Gold boosts quarterly dividend to 45c per share - Royal Gold announced that its board of directors approved an increase in the company's annual calendar year common stock dividend of 12.5% from $1.60 to $1.80 per share, payable on a quarterly basis of 45c per share. The first quarterly dividend at the increased rate is payable on January 17, 2025, to shareholders of record at the close of business on January 3, 2025. "Royal Gold's long record of consistently increasing capital return to shareholders is unique in the precious metals sector. We paid our first dividend in 2000 and have increased it every year since 2001, and to date we have paid out total dividends of approximately $1 billion. Paying a growing and sustainable dividend is a core strategic objective, and Royal Gold remains the only precious metals company in the S&P High Yield Dividend Aristocrats Index," commented Bill Heissenbuttel, President and CEO of Royal Gold.
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CBRL | Hot Stocks15:08 EST Biglari Capital issues statement regarding Cracker Barrel director nominees - Biglari Capital issued the following news release regarding Cracker Barrel: "As we quickly approach the 2024 Annual Meeting on Thursday, November 21st, Cracker Barrel continues to mislead investors. Stockholders do not need to read between the lines, they only need to read the Company's actual lines. "Sardar Biglari continues to misrepresent Cracker Barrel's capital spending plan. We are NOT spending $600 - $700 million on store remodels over the next three years as Mr. Biglari falsely claims. Our strategic plan contemplates spending $225 - $325 million in incremental capital (i.e., over and above our normal rates of capital spending). Store remodels are only a part of this incremental amount. Other investments include improvements to our technology and highly successful loyalty program in order to drive traffic."... The two directors presided over a near 70% destruction in Cracker Barrel's value. That is not a source of stability. Sardar Biglari has more institutional knowledge of Cracker Barrel and its operations than any other Director. Cracker Barrel stockholders have a clear choice before them: take a chance on the two incumbents who have overseen the destruction of almost 70% of the stock's value or elect the two people who are best suited to help execute a turnaround and deliver accountability and proper oversight. Vote the GOLD Card for Milena Alberti-Perez and Sardar Biglari."
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CRM META | Hot Stocks15:08 EST Former Salesforce AI chief Clara Shih joins Meta to lead new Business AI group - Clara Shih, the former CEO of Salesforce (CRM) AI, announced that she will be leading a new Business AI group at Meta (META)... Earlier on Tuesday, she posted, in part, on X: "I'm thrilled to share today that I've joined @Meta to lead a new Business AI group. Our vision for this new product group is to make cutting-edge AI accessible to every business, empowering all to find success and own their future in the AI era. 200M businesses each month turn to @facebook @instagram @WhatsApp to connect with billions of consumers around the world. Meta's Llama models have over 600M downloads to date, and Meta AI now has more than 500M monthly actives- not to mention the incredible ways we'll bring these AI advancements into the physical world through AR glasses and VR headsets. Meta's global reach and leadership in AI represent a generational opportunity for businesses, and I couldn't be more excited and grateful to help take this from zero to one to scale." Reference Link
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ALGS | Hot Stocks14:51 EST Aligos Therapeutics down 8% after data presented at The Liver Meeting - Aligos Therapeutics shares are lower in afternoon trading after the company earlier announced "positive" data from one late-breaker oral and three poster presentations at the American Association for the Study of Liver Disease's, or AASLD, The Liver Meeting, being held November 15-19. The clinical poster presentation highlighted the continued potent antiviral activity of ALG-000184 for chronic hepatitis B virus infection in both HBeAg-positive and HBeAg-negative subjects, demonstrating the potential for the molecule to become first-line therapy for chronic suppression and the backbone for regimens aimed at functional cure, the company stated. Data from less than or equal to 84 weeks following an oral daily dose of 300 mg ALG-000184 monotherapy demonstrated sustained HBV DNA suppression in 7/7 HBeAg-positive CHB subjects. All HBeAg- subjects achieved sustained HBV DNA suppression by Week 24 and 11/11 subjects achieved sustained HBV DNA less than LLOQ at Week 48 with 10/11 subjects further achieving HBV DNA below the lower limit of detection. "Importantly, no subject demonstrated viral resistance to ALG-000184 monotherapy and suppression was maintained throughout the dosing period," the company stated.
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QCOM | Hot Stocks14:41 EST Qualcomm sees total market opportunity of $900B by 2030 - Says Snapdragon industry leader in handsets. Says Snapdragon generated over five times premium-tier revenue relative to primary competitor. Says AI is a generational opportunity. Says AI is scaling rapidly at the edge. Says generative AI accelerates demand for company's technology. Says building a "very strong" ecosystem of new customers and partners. Comments taken from Investor Day.
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$ECON... | Hot Stocks14:25 EST Trump confirms Howard Lutnick selected to lead Commerce Department - In a statement posted to Truth Social, President-elect Donald Trump confirmed Howard Lutnick, Chairman and CEO of Cantor Fitzgerald will join the Trump Administration as the U.S. Secretary of Commerce. "He will lead our Tariff and Trade agenda, with additional direct responsibility for the Office of the United States Trade Representative," the statement says. Reference Link
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ALGS | Hot Stocks13:57 EST Aligos Therapeutics trading resumes
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MSFT META | Hot Stocks13:53 EST Microsoft says Windows 11 coming to Meta Quest 3, Quest 3S - At Microsoft Ignite 2024, Microsoft (MSFT) said that it is extending Windows 11 availability to mixed reality devices. Windows in mixed reality brings the full capabilities of Windows 11 to mixed reality headsets, starting with Meta Quest 3 (META) and Quest 3S. This will be available in public preview by the end of the year, Microsoft said. Reference Link
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ALGS | Hot Stocks13:52 EST Aligos Therapeutics trading halted, volatility trading pause
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APD | Hot Stocks13:46 EST Air Products confirms receipt of Mantle Ridge director nomination notice - Air Products issued the following statement regarding the nomination of director candidates by Mantle Ridge for election to the Air Products board of directors at the company's 2025 annual meeting: "Air Products' Board of Directors has received Mantle Ridge's nomination notice and director nominees. The Board will present its formal recommendation regarding director nominees in the Company's proxy materials to be filed with the Securities and Exchange Commission in due course. Air Products shareholders are not required to take any action at this time."
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INCY | Hot Stocks13:40 EST Incyte trading resumes
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DELL MSFT | Hot Stocks13:36 EST Dell expands AI Factory with solutions, services in collaboration with Microsoft - Dell Technologies (DELL) announces that it introduced "AI innovations that help Dell and Microsoft customers simplify AI adoption, speed deployment and power demanding workloads in multicloud environments. Data protection, cyber resiliency and security advancements help joint customers strengthen their cybersecurity posture." "Organizations modernizing their IT strategies to support emerging workloads, like AI, need solutions that help them innovate faster, control costs and protect data across multicloud environments. Our storage software, data protection and services advancements help customers in Microsoft environments accelerate their transformation efforts quickly and securely," said Arthur Lewis, president, Infrastructure Solutions Group, Dell Technologies. Dell-managed Dell APEX File Storage for Microsoft Azure will be available in public preview beginning in the first half of 2025, while accelerator services for Copilot+ PCs, services for Microsoft Copilot Studio, services for Microsoft Azure AI Studio and implementation services for Microsoft Azure AI Service are available now, Dell noted.
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INCY | Hot Stocks13:35 EST Incyte trading halted, volatility trading pause
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TDC MSFT | Hot Stocks13:11 EST Teradata AI Unlimited in Microsoft Fabric now available for public preview - At Microsoft Ignite, Teradata (TDC) announced that Teradata AI Unlimited is now available for public preview through the Microsoft Fabric Workload Hub. "Microsoft Fabric Workload Hub allows customers to discover and add new ISV offered capabilities to their Fabric environment. AI Unlimited in Microsoft Fabric is a serverless compute engine that was designed to speed up Trusted AI innovations delivered at enterprise scale. It features Teradata's robust analytics functionality, ClearScape Analytics, which is now available to all customers, even to those who do not use Teradata VantageCloud," the company stated.
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GRFS BAM | Hot Stocks13:10 EST Grifols says potential Brookfield offer 'significantly undervalues' shares - Grifols (GRFS) informs that its board has held an extraordinary meeting this afternoon "without the intervention of the conflicted board members." Following the recommendation of the transaction committee, the board concluded that a potential offer by Brookfield Asset Management (BAM) of EUR 6.45B for the entire outstanding share capital of the company, implying an indicative price of EUR 10.50 per share, "significantly undervalues the Company's fundamental prospects and its long-term potential." Accordingly, the board would not recommend Grifols shareholders accept a potential offer at the indicated price.
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KELYA | Hot Stocks13:03 EST Kelly Services acquires Children's Therapy Center, terms not disclosed - Kelly has acquired Children's Therapy Center. Specializing in occupational, physical, and speech therapy for children from birth to eighteen, CTC operates from its headquarters in Eagan, MN, with an additional office in Apple Valley, MN. This acquisition will integrate CTC into Kelly Education's Pediatric Therapy Services portfolio. This provides opportunities for Minnesota school districts, including those who currently partner with Teachers On Call, to integrate PTS's related therapy services to meet the growing demand of student special education needs. The terms of the acquisition were not disclosed. CTC offers diverse interventions supported by continuous professional development for its therapists. Focused on delivering best-in-class service and ensuring the highest standards of care, CTC is committed to strong compliance, implementing robust processes to ensure adherence to federal, state, and local regulations.
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RBRK MSFT | Hot Stocks13:02 EST Rubrik announces new cyber resilience solution for Microsoft Azure Blob Storage - Rubrik (RBRK) announces a new cyber resilience solution for Microsoft Azure Blob Storage. "As organizations become increasingly dependent on the cloud, there is an inherent risk for security blind spots and vulnerable sensitive data. Rubrik brings cyber posture and cyber recovery to provide Microsoft Azure Blob Storage customers further visibility into their cloud data, enabling business agility and resilience. Microsoft Azure Blob Storage provides secure object storage for cloud-native workloads, archives, data lakes, high-performance computing, and machine learning. Optimized for storing massive amounts of unstructured data, organizations across all industries use Microsoft Azure Blob Storage as a critical repository for sensitive business information, personal data, compliance records, and data powering artificial intelligence training models," the company stated in conjunction with Microsoft Ignite.
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SNOW MSFT | Hot Stocks13:01 EST Snowflake announces expanded partnership with Microsoft - Snowflake (SNOW) announced at Microsoft Ignite an expanded partnership with Microsoft (MSFT) to establish a new Snowflake Power Platform connector for Microsoft Power Platform, enabling bidirectional access between Dataverse, the enterprise data platform for agents, and Snowflake's AI Data Cloud. "The connector simplifies data interoperability between Microsoft Power Platform, Microsoft's low-code/no-code services suite, Dynamics 365, and the Snowflake AI Data Cloud, giving developers and business users the power to build and leverage custom enterprise AI applications using their enterprise data in Snowflake. With this latest integration, Snowflake and Microsoft will help customers simplify data collaboration, enhance enterprise insights, and harness the power of AI for their unique business needs," the company stated. Data access from Dataverse to Snowflake is expected in early 2025, the company noted.
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INDV | Hot Stocks12:55 EST Indivior shares Sublocade trial findings at CSAM conference - Indivior PLC last week shared results from a randomized, open-label sub-study in opioid-dependent participants seeking treatment, that demonstrates rapid initiation with Sublocade for the treatment of OUD significantly improves treatment retention compared to standard initiation. RI with Sublocade in a single day may reduce barriers to treatment and improve patient retention especially those who frequently inject opioids or use fentanyl without increasing the risk of precipitated opioid withdrawal symptoms, the company stated. The data were presented at the 2024 Canadian Society of Addiction Medicine, or CSAM, conference in Hamilton, Ontario, Canada. "These findings underscore the potential for rapid initiation to transform opioid use disorder treatment. Rapid initiation may improve patient retention and meet the immediate needs brought on by synthetic opioids in real-world settings, offering a practicable path to stabilization and long-lasting, meaningful recovery," said Dr. Christian Heidbreder, Ph.D., Chief Scientific Officer at Indivior.
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LLY | Hot Stocks12:49 EST Eli Lilly Canada 'disappointed' by CDA-AMC's Final Recommendation for Ebglyss - Eli Lilly Canada Inc. said it is disappointed and strongly disagrees with Canada's Drug Agency's Final Recommendation for Ebglyss, published on Friday, November 15, 2024. The CDA-AMC recommended that Ebglyss not be reimbursed by public drug plans, excluding Quebec, for the treatment of moderate-to-severe atopic dermatitis in adults and adolescents 12 years of age and older. "Lilly Canada stands behind Ebglyss as a first-line biological therapy for the treatment of atopic dermatitis and we remain committed to patients," the company said. "Access to Ebglyss for new and existing patients with moderate-to-severe AD via LillyPlus will not change as we tenaciously pursue options for private and public reimbursement in Canada. We have shared our concerns with the CDA-AMC leadership and believe that the CDA-AMC are applying differential standards to biologic therapies for the treatment of AD that are not founded upon their own requirements. Lilly Canada continues to explore all options to overcome this recommendation." "CDA-AMC's recommendation is inconsistent with all other HTA bodies that have reviewed Ebglyss, including L'Institut national d'excellence en sante et services sociaux (INESSS) in Quebec, the National Institute for Health and Care Excellence (NICE) in the United Kingdom, the Haute Autorite de sante (HAS) in France, and the Pharmaceutical Benefits Advisory Committee (PBAC) in Australia, which have all issued positive recommendations for Ebglyss in atopic dermatitis. Repeat misalignment with other domestic and international HTA agencies does not establish Canada as a predictable or competitive market for innovative medicines." said Kenneth Custer, General Manager Lilly Canada. "CDA-AMC's decision is not consistent with their own requirements and the evidence supporting the safe and efficacious use of Ebglyss but also seemingly ignored patient and physician input. Limiting therapeutic options not only restricts access to care, but it also raises many unintended consequences ranging from supply chain resilience to patient choice."
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NOK... | Hot Stocks12:45 EST Nokia falls after EJL Wireless predicts loss to Ericsson at T-Mobile - Shares of Nokia (NOK) are moving lower after Earl Lum, the President of EJL Wireless Research, posted a report on LinkedIn discussing the "real possibility" of the company getting displaced at T-Mobile (TMUS) with Ericsson (ERIC). "We believe there is not a single mobile operator on planet Earth that wants an active cooling solution (i.e. fans) on their 1+kW massive MIMO radios," Lum contends. The firm believes T-Mobile "has been more than tolerant for 10+ years in trying to modernize the Nokia portion of their mobile network and putting up with the FANs." If Ericsson is willing to give T-Mobile "the RAN deal of a lifetime, why would T-Mobile USA not accept the offer," asks Lum. EJL finds it apparent that Nokia can't slash its pricing to financially match whatever offer Ericsson has put on the table, otherwise it would have done so with AT&T (T) last year. "We have heard through our channel contacts that Nokia has begged and pleaded with T-Mobile USA and is willing to do whatever it takes to not lose the account. But, the reality is that T-Mobile USA has been asking Nokia for 10+ years to do the things they have asked for and Nokia has been unable to deliver, time and time again," the firm writes. Shares of Nokia are down 8% to $4.10 in midday trading while Ericsson is up 3% to $8.34. Reference Link
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VFS | Hot Stocks12:43 EST VinFast Auto starts delivery of VF 9 all-electric SUV in U.S. - VinFast Auto has officially commenced delivery of its flagship VF 9 all-electric, 7-passenger, 3-row SUV to U.S. customers, the company announced. "Beginning in November, the VF 9 will be available for delivery across VinFast's retail store network in California and through its dealerships, with prices starting at $69,800 for the Eco version and $73,800 for the Plus version. The first VF 9 customers received their vehicles during a customer event at VinFast's Los Angeles headquarters," the company stated.
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CTVA | Hot Stocks12:34 EST Corteva sees $4.5B in shareholder returns through 2027
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CTVA | Hot Stocks12:33 EST Corteva sees $1B in net sales from growth platforms through 2027
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CTVA | Hot Stocks12:33 EST Corteva unveils financial framework through 2027 - At its 2024 Investor Day, Corteva outlined its strategy to continue to deliver value to shareholders by helping the world address three global challenges: food security, driven by a growing global population coupled with finite arable land; climate change and the resulting intensification of extreme weather and pressures from insects, weeds and diseases; and the energy transition away from fossil fuels, leading to increased demand for biofuels. The company also unveiled a new financial framework through 2027: $1B in incremental net sales from growth platforms, ~$1B in cost deflation and productivity benefits and roughly $4.5 B in shareholder returns. Core to this framework will be the company's six growth platforms, also announced today: Seed and trait out-licensing, to strengthen the company's target to be royalty-neutral by the end of 2028; Biologicals, targeting $1B in annual revenues by the end of the decade, harnessing the power of nature to sustainably, effectively increase yields; New Crop Protection technologies, to keep pace with the growing pressures of insects, weeds and diseases; Gene editing, including leading germplasm, to transform the way the world farms; Biofuels, to help meet rising fuel demand from the long-haul transportation sector with lower-carbon alternatives;Hybrid wheat, enabled by a one-of-its-kind, proprietary system with potential to deliver yield advantages of 10% -- and up to 20% in water-stressed environments. "Corteva is a critical technology provider in an absolutely indispensable industry, and poised to deliver meaningful growth and value," said Corteva CEO Chuck Magro. "Building on nearly a century of agronomic expertise, groundbreaking technology that helps farmers solve some of their toughest challenges and the ability to deliver seed and crop protection solutions for every acre, this company is set to further its strong track record of creating value for farmers, shareholders and society at large. It's an exciting time to be at, and with, Corteva."
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MRK | Hot Stocks12:23 EST Merck raises quarterly dividend to 81c from 77c per share - Merck declared a quarterly dividend of 81c per share of the company's common stock for Q1 of 2025. Payment will be made on January 8, 2025, to shareholders of record at the close of business on December 16. The prior quarter's dividend was 77c per share.
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FUTU | Hot Stocks12:23 EST Futu Holdings board approves 25c special cash dividend - Arthur Yu Chen, Futu's CFO added, "In celebration of the fifth anniversary of our Nasdaq listing, we are pleased to announce that our board of directors approved a special cash dividend of 25c per ordinary share, or $2 per American Depositary Share, to holders of ordinary shares and holders of ADSs of record as of the close of business on December 6, 2024, payable in U.S. dollars. The aggregate amount of the special cash dividend to be paid will be approximately $280M, which will be funded by surplus cash on Futu's balance sheet."
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VWAGY RIVN | Hot Stocks12:18 EST VW names former Rivian exec Kjell Gruner CEO of U.S. business - Volkswagen (VWAGY) named Kjell Gruner CEO of Volkswagen Group of America effective December 12. Gruner succeeds Pablo Di Si, who has stepped down from his position on his own request. Until Kjell Gruner takes office, Gerrit Spengler, CHRO of Volkswagen Group of America, will perform the function of interim CEO. Most recently, Gruner was Chief Commercial Officer and President, Business Growth at Rivian Automotive (RIVN). Gunnar Kilian, Group Board Member for Human Resources at Volkswagen AG: "Kjell Gruner is an absolute expert for the US market. He has over 25 years of experience in the automotive industry and extensive know-how in exploiting and expediting growth opportunities in North America. Volkswagen AG is indebted to his predecessor, Pablo Di Si. His outstanding commitment was of central importance in realigning our business in South America. He subsequently laid the foundation for the positive development of our North American strategy." Reference Link
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LB | Hot Stocks12:02 EST LandBridge falls -11.1% - LandBridge is down -11.1%, or -$7.39 to $59.30.
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FOA | Hot Stocks12:01 EST Finance of America falls -14.3% - Finance of America is down -14.3%, or -$3.90 to $23.40.
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SOS | Hot Stocks12:01 EST SOS Limited falls -17.2% - SOS Limited is down -17.2%, or -$1.80 to $8.70.
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BKKT | Hot Stocks12:00 EST Bakkt rises 12.4% - Bakkt is up 12.4%, or $3.67 to $33.38.
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LMND | Hot Stocks12:00 EST Lemonade rises 17.6% - Lemonade is up 17.6%, or $6.05 to $40.36.
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AI | Hot Stocks12:00 EST C3 AI rises 17.9% - C3 AI is up 17.9%, or $4.74 to $31.28.
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INTU HRB | Hot Stocks11:59 EST Intuit, H&R Block fall following Washginton Post report - Shares of Intuit (INTU) and H&R Block (HRB) are moving lower after the Washington Post reported that leaders of President-elect Donald Trump's "Department of Government Efficiency" have discussed trying to create a mobile app for Americans to file their taxes free with the Internal Revenue Service. Shares of Intuit are down 5% to $642.92 in midday trading while H&R Block is down 8% to $55.82.
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CL | Hot Stocks11:51 EST Colgate-Palmolive slips after FDA posts warning letter sent to Tom's - In a letter dated November 5 that the FDA posted to its site today, the Food and Drug Administration noted that it inspected Colgate-Palmolive's drug manufacturing facility, Tom's of Maine, in Sanford, Maine, from May 7 to 22 and summarized the "significant violations of Current Good Manufacturing Practice regulations for finished pharmaceuticals" that the agency found. In late morning trading following the posting of the warning letter, shares of Colgate-Palmolive are down $1.56, or nearly 2%, to $93.07. Reference Link
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LMND | Hot Stocks11:26 EST Lemonade illustrates net present value per share of $90-plus - In an investor day slide labeled "illustrative" from a company presentation, Lemonade lays out a "simplified approach to valuation" of its shares that contends that $1B gross earned premiums, or GEP, grown at a 30% seven-year compound annual growth rate, to which it applies a 12% ratio of adjusted EBITDA, yields a net present value per share of $90-plus.
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SLN | Hot Stocks11:24 EST SILENCE THERAPEUTICS PLC SPONSORED ADR trading resumes
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ROLR | Hot Stocks11:15 EST High Roller Technologies Inc trading resumes
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SLN | Hot Stocks11:13 EST SILENCE THERAPEUTICS PLC SPONSORED ADR trading halted, volatility trading pause
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ROLR | Hot Stocks11:10 EST High Roller Technologies Inc trading halted, volatility trading pause
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WMT | Hot Stocks10:37 EST Walmart sees some pressure on SG&A in 2025
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VVV | Hot Stocks10:35 EST Franchise Equity Partners forms partnership with Valvoline - Franchise Equity Partners announced a strategic partnership with Valvoline. As part of the agreement, FEP will acquire 38 of Valvoline's company-owned stores in West Texas, including markets in Austin, San Antonio, El Paso, and surrounding regions. The stores will be franchised and operated under the newly formed entity, Velocity Auto Care. FEP has assembled a leadership team to run the business. Robert Fish, CEO of Velocity Auto Care, brings extensive experience in franchise operations, including leading franchise portfolios with brands such as European Wax Center and Massage Envy. He will be supported by Ashish Chapagain, CFO, and Spencer Mason, VP of Operations. Tim Miller, former CFO of TBC Corporation, will join Velocity Auto Care's Board of Directors as Chairman, along with former Valvoline Inc. Chief Commercial & Marketing Officer, Heidi Matheys.
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CVS | Hot Stocks10:33 EST CVS Health appoints Sreekanth Chaguturu as president, health care delivery - CVS Health announced that Dr. Sreekanth Chaguturu will be President, Health Care Delivery, in addition to his current role as Executive Vice President and CMO of CVS Health. Dr. Chaguturu replaces Mike Pykosz, who has decided to leave the company. Dr. Sree Chaguturu is executive vice president and chief medical officer of CVS Health where he leads the CVS Health medical affairs organization. He is focused on advancing the highest possible clinical quality standards, increasing access to care, improving patient outcomes and reducing overall health care costs across the CVS Health enterprise. Dr. Chaguturu previously served as chief medical officer of CVS Caremark, where he provided clinical oversight of the pharmacy benefits manager.
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QTWO | Hot Stocks10:02 EST Q2 Holdings announces enhanced partnership with Larky - Q2 Holdings has executed a strategic reseller partnership with Larky. Larky offers consumer engagement technology, empowering financial institutions to proactively connect with their audience to drive meaningful results and engagement. This strategic partnership will enable financial institutions to communicate with account holders using uniquely tailored push notifications that seamlessly incorporate geolocation capabilities to ensure timely and relevant outreach.
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LUMN | Hot Stocks10:00 EST Lumen falls -6.3% - Lumen is down -6.3%, or -52c to $7.62.
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HRB | Hot Stocks10:00 EST H&R Block falls -7.0% - H&R Block is down -7.0%, or -$4.22 to $56.13.
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SOS | Hot Stocks10:00 EST SOS Limited falls -11.1% - SOS Limited is down -11.1%, or -$1.16 to $9.34.
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LMND | Hot Stocks10:00 EST Lemonade rises 12.9% - Lemonade is up 12.9%, or $4.42 to $38.73.
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BKKT | Hot Stocks10:00 EST Bakkt rises 13.0% - Bakkt is up 13.0%, or $3.87 to $33.58.
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ENR | Hot Stocks10:00 EST Energizer rises 13.4% - Energizer is up 13.4%, or $4.58 to $38.73.
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LOW | Hot Stocks09:59 EST Lowe's expects 'roughly flat' gross margin for FY24 - Expects shrink to be "roughly flat" for FY24. Says "laser-focused" on managing expenses.
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CPB | Hot Stocks09:58 EST Shareholders approve change in company name to The Campbell's Company - Shareholders approved the change of the company's official name from Campbell Soup Company to The Campbell's Company. The change reflects the company's broad portfolio of leadership brands, from Campbell's soup to Goldfish crackers and Rao's pasta sauce, the company said in a statement. The new name will be effective following the filing of an amendment to the company's certificate of incorporation with the state of New Jersey. "This subtle yet important change allows us to retain the iconic name recognition, reputation and equity we have built over 155 years while reflecting the full breadth of our portfolio-which I believe is the best in all of food," said Mark Clouse, President and CEO, The Campbell's Company.
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AI | Hot Stocks09:48 EST C3 AI rises 8.0% - C3 AI is up 8.0%, or $2.11 to $28.65.
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ENR | Hot Stocks09:48 EST Energizer rises 8.5% - Energizer is up 8.5%, or $2.90 to $37.05.
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BKKT | Hot Stocks09:48 EST Bakkt rises 15.8% - Bakkt is up 15.8%, or $4.70 to $34.41.
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HRB | Hot Stocks09:48 EST H&R Block falls -5.1% - H&R Block is down -5.1%, or -$3.06 to $57.29.
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FOA | Hot Stocks09:47 EST Finance of America falls -6.6% - Finance of America is down -6.6%, or -$1.80 to $25.50.
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DGLY | Hot Stocks09:47 EST Digital Ally reports 160 new subscription contracts signed during 2024 - Digital Ally announced that approximately 160 new subscription contracts were signed throughout 2024, continuing to display the strong demand for its FirstVu PRO body-worn cameras and EVO-HD in-car video solutions. In recent months, Digital Ally started addressing some operational delays, including over $1,500,000 in backordered products. The Company anticipates such backorders will be filled over the next 120 days. Digital Ally plans to unveil several advancements in its suite of video solutions, including the FirstVu PRO Utility integrated on the body camera that allows for multiple advanced features requested by our growing customer base. Digital Ally is set to have continual EVO-Web version releases such as its latest release V2.3 including continued bug fixes and features, ensuring that client needs are both anticipated and meticulously addressed.
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VIK | Hot Stocks09:47 EST Viking Holdings falls -7.1% - Viking Holdings is down -7.1%, or -$3.22 to $42.17.
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LOW | Hot Stocks09:46 EST Lowe's 'feels good' about systems, processes in place to manage tariffs - Says "Total Home" strategy starting to pay dividends. Says "committed" to growing the Pro customer at 2x the market.
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AIXI | Hot Stocks09:46 EST Xiao-I announces strategic cooperation with Deafopia - Xiao-I announced a strategic cooperation with Deafopia, a nonprofit organization dedicated to supporting businesses within the deaf and hard-of-hearing communities. This collaboration will enhance the market visibility and distribution of Xiao-I's newly developed AI hardwares, with Deafopia managing outreach and expanding distribution channels, particularly to deaf schools, government facilities, and broader community initiatives. As part of this cooperation, Deafopia will promote at its trade shows, community events, and through its digital platforms, including its website and social media channels. This partnership aims to significantly increase awareness and access to the products, improving the lives of individuals within the deaf and hard-of-hearing communities by offering cutting-edge technological solutions. These AI hardwares are specifically designed to assist individuals with hearing impairments, offering them enhanced accessibility and communication solutions in various settings. By partnering with Deafopia, Xiao-I will leverage the nonprofit's vast network and established events to reach key markets that will benefit most from this innovative product.
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LAES | Hot Stocks09:46 EST Sealsq provides update on minimum bid price non-compliance - SEALSQ Corp provided an update on its strategy to address its noncompliance with the minimum bid price requirement in order to maintain its listing on the Nasdaq. As announced on August 1, 2024, the company has been provided with an initial period of 180 calendar days, or until January 28, 2025, to regain compliance with the minimum bid price requirement. The closing bid price of the Ordinary Shares must be at least $1.00 for at least 10 consecutive business days prior to January 28, 2025 to regain compliance. If that occurs, Nasdaq will then provide a written confirmation of compliance and the matter will be closed. The intention of the company is to regain compliance with the Nasdaq minimum bid requirement prior to January 28, 2025 through its commercial activities in its semiconductor segment and the company remains confident in this strategy. However, in the event that the company has not regained compliance by January 28, 2025, the company intends to request an extension to the compliance period of 180 days.
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GDS | Hot Stocks09:41 EST GDS Holdings (ADS) trading resumes
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GDS | Hot Stocks09:36 EST GDS Holdings (ADS) trading halted, volatility trading pause
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OLB | Hot Stocks09:35 EST OLB Group rebrands subsidiary to Moola Cloud - The OLB Group announced the rebranding of its wholly owned subsidiary for the distribution of mobile services to MOOLA CLOUD, moolacloud.com with additional services and products. MOOLA CLOUD is proprietary solution for the unbanked and underbanked consumer sector serviced by bodegas and convenience stores nationally.
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JLL | Hot Stocks09:33 EST JLL, Slate Asset Management announces technology joint venture - JLL and Slate Asset Management announced a joint venture to commercialize Slate's technology platform for commercial real estate professionals. The result is JLL Asset Beacon, a software-as-a-service technology platform that integrates data across asset management functions to create a real-time, end-to-end view of performance-whether it's a single asset, fund, or the entire portfolio. JLL Asset Beacon provides CRE professionals with accurate, integrated data to make informed decisions faster, optimize portfolio performance, mitigate risks, and identify opportunities for value creation. This private and secure hub captures all financial, operational, and leasing data and documents to provide a single source of truth with robust and customizable data visualization and reporting capabilities. JLL's generative AI capabilities, powered by the recently launched JLL Falcon platform, such as lease abstraction, entity resolution, and natural language query functionality will be integrated into JLL Asset Beacon, allowing users to unlock the potential of AI to organize and derive insights from their proprietary data. JLL's Amir Leitersdorf and Iri Amirav will serve as co-CEOs of the joint venture.
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PSHG | Hot Stocks09:31 EST Performance Shipping urges shareholders to vote for company's board nominees - Performance Shipping has mailed proxy materials to shareholders in connection with its upcoming 2024 Annual General Meeting of Shareholders, scheduled to be held on December 17, 2024. Shareholders of record as of the close of business on November 8, 2024, are entitled to vote at the Annual Meeting. The company said, "The Company also mailed a letter to shareholders highlighting the Company's growth strategy and the commitment of its highly-qualified Board of Directors to create value for all shareholders. Highlights from the letter include: The Company's foundation for continued growth and value creation built on its unique pure-play Aframax tanker fleet, its simplified and transparent ownership structure and its significant management expertise. Performance's execution of its focused strategy includes growing its fleet, leveraging strong relationships to secure commercial deployments at attractive rates, increasing sustainability and maintaining a strong financial position. The Company's highly qualified and actively engaged board, the majority of whom are independent, is committed to acting in the best interests of the Company and all shareholders. The Board's recommendation that shareholders reject George Economou's goal of taking over the Company. The Board of Directors unanimously recommends that shareholders vote on the WHITE proxy card "FOR" Performance Shipping's nominees and "AGAINST" the proposals made by Economou."
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HTOO | Hot Stocks09:29 EST Fusion Fuel to acquire majority stake in Quality Industrial Corp. - Fusion Fuel Green has signed a binding agreement to acquire an approximately 70% ownership interest in Quality Industrial Corp. from its controlling shareholders. QIND operates in the gas supply and services sector, with expertise across the industrial and utility value chain. This acquisition, which the Company expects to close shortly, marks a pivotal step in Fusion Fuel's strategy to build a full-service energy engineering business, combining capabilities in both the traditional and clean energy sectors to meet the evolving demands of the global power and utilities market. To acquire this stake in QIND, at the close the Company will issue a combination of 19.99% of its ordinary shares, along with convertible preferred shares, resulting in the QIND sellers holding a stake of approximately 70% of Fusion Fuel on an as-converted, fully diluted basis, which will provide for significant alignment of ownership interests and foster long-term growth. The preferred shares, however, cannot be converted until the Company's shareholders approve their conversion to ordinary shares. QIND, whose operations are headquartered in Dubai, United Arab Emirates, is an industrial company specializing in the energy sector. In 2023, its operating business, Al Shola Gas, reported $11 million in revenue and $1.8 million in net income. Leading into the fourth quarter, operating business revenue and net income were up 19.5% and 12.4%, respectively, compared with the same nine months ending in 2023. Al Shola Gas currently services nearly 40,000 customers across the Middle East from its seven operating facilities, with a fleet of vehicles and over 100 employees. It holds international certifications and approvals from local government entities, supporting an extensive list of clientele that includes prominent organizations such as Emirates Airlines, Emaar Properties, the Government of Dubai, Dubai Properties, WASL Group, and numerous others. Through this transaction, Fusion Fuel aims to integrate complementary expertise and recurring revenue from markets with proven existing demand into its portfolio, enabling the combined entity to serve a broader spectrum of customer needs. The acquisition is anticipated to yield significant synergies, especially between Fusion Fuel's specialized hydrogen engineering services and QIND's competencies across the gas and utility value chain. This acquisition will create new opportunities for QIND to expand its offerings in European markets, where demand for gas engineering expertise is consistently growing. It will also allow Fusion Fuel to extend its hydrogen engineering services into the Middle East, a region seeing a growth in demand and significant investment. As recently announced, Fusion Fuel's Portuguese operating subsidiary-responsible for conducting the most significant part of the Company's technology development and production-has filed for insolvency. Management views this step as an opportunity to recalibrate its business strategy to better align with current market conditions. In the near term, the Company will focus on enhancing its hydrogen engineering and advisory offerings, where it is uniquely positioned to deliver high-value solutions with low capital expenditure and a highly scalable business model, while prioritizing the integration of the newly acquired gas services business. This approach will enable Fusion Fuel to effectively capitalize on customer demand across traditional and clean energy sectors amid shifting market dynamics. The Purchase Agreement sets forth material terms and conditions for the transaction that, if consummated, would result in Fusion Fuel's acquisition of approximately 70% of the issued and outstanding share capital of QIND. The closing will be subject to the satisfaction or waiver of certain terms and conditions. If the closing occurs, certain post-closing requirements will become applicable, including stockholder approval of related matters and Nasdaq clearance of a new initial listing application, and failure to satisfy such requirements within a certain period may result in the unwinding of the acquisition by the Company of the shares of QIND. There can be no assurance that the closing will occur, or that post-closing requirements for the acquisition will be met.
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LOW | Hot Stocks09:28 EST Lowe's sees FY24 adjusted operating margin 12.3%-12.4% vs. prior 12.4%-12.5% - Sees FY24: Net interest expense of approximately $1.3B (previously $1.4B); Adjusted effective income tax rate of approximately 24.5%.
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JFBR | Hot Stocks09:24 EST Jeffs' Brands to implement 1-for-13 reverse stock split - Jeffs' Brands announced that its previously announced reverse share split of its issued and outstanding ordinary shares, no par value per share at a ratio of one-for-thirteen, is expected to be implemented after market close today. The Ordinary Shares will continue to trade on the Nasdaq Capital Market under the existing trading symbol "JFBR" and will begin trading on a split-adjusted basis at the market open on November 20, 2024. The new CUSIP number for the Ordinary Shares following the Reverse Share Split will be M61472136. The trading symbol "JFBRW" and CUSIP number for the Company's public warrants will remain unchanged following the Reverse Share Split. The Reverse Share Split was approved by the Company's shareholders at the Company's Annual Meeting of Shareholders held on July 17, 2024, to be effected at the board of directors' discretion within approved parameters. Accordingly, the board of directors approved a 1-for-13 ratio. The Reverse Share Split will not result in an adjustment to the authorized share capital of the Company under the Company's amended and restated articles of association, as currently in effect, which, as of the date hereof consists of 90,000,000 Ordinary Shares.
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LOW | Hot Stocks09:21 EST Lowe's 'pleased' with Pro, online performance in Q3 - Says continues to see softness in DIY bigger-ticket projects. Expects pressure in bigger ticket flooring, kitchen and bath, and decor projects near term.
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ILMN | Hot Stocks09:18 EST Illumina releasing expanded version of TruSight Oncology portfolio - Illumina will release TruSight Oncology 500 v2, a new version of its flagship cancer research assay to enable comprehensive genomic profiling. The assay is currently under development, with global release planned for mid-2025. Detailed plans for the product will be shared November 21 in a spotlight presentation at the annual meeting of the Association of Molecular Pathology in Vancouver, British Columbia. TSO 500 v2 assesses hundreds of genes across all variant classes, and immuno-oncology biomarkers, in a single assay from one sample. At AMP, several abstracts accepted for poster presentations will demonstrate preliminary analytical performance data and automation compatibility of TSO 500 v2.
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FBLG | Hot Stocks09:16 EST FibroBiologics files patent application for cell-based therapeutic - FibroBiologics announced the filing of a patent application covering methods for treatment of splenomegaly using a cell-based therapeutic approach. "This patent application highlights the potential of fibroblast-based therapies to address immune-related disorders, such as splenomegaly," said Pete O'Heeron, Founder & Chief Executive Officer of FibroBiologics. "Our technology leverages the unique capabilities of fibroblasts to target immune dysregulation, underscoring their promise in treating complex conditions linked to immune system dysfunction."
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RCM | Hot Stocks09:15 EST Towerbrook, CD&R compete acquisition of R1 RCM - R1 RCM announced that investment funds affiliated with TowerBrook Capital Partners and Clayton, Dubilier & Rice have completed their previously announced acquisition of R1. On August 1, 2024, TowerBrook, CD&R and R1 announced that they had entered into a definitive merger agreement under which all outstanding shares of R1 common stock that TowerBrook did not own would be acquired for $14.30 per share in cash, valuing R1 at approximately $8.9 billion. With the completion of the transaction, R1's common stock has ceased trading and will no longer be listed on Nasdaq. R1 also intends to make the applicable filings with the U.S. Securities and Exchange Commission to suspend its periodic reporting obligations. In connection with the closing of the transaction, Joe Flanagan became Chief Executive Officer of R1
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IZTC | Hot Stocks09:13 EST Invizyne selected for $2M project to enable enzyme production - Invizyne Technologies announced it was awarded a $2 million project to enable enzyme production for cell-free biomanufacturing of sustainable aviation fuel, SAF. The project is a cost share grant from the U.S. Department of Defense's BioMADE initiative, in partnership with the University of Georgia. It is one of 17 BioMADE projects announced on October 30, 2024, to drive the scale-up and commercialization of American biomanufactured products.
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DLPN | Hot Stocks09:12 EST Dolphin Entertainment announces Staple Gin partners with FreshDirect - Rachael Ray's Staple Gin is teaming up with online grocery delivery leader, FreshDirect, to gin up delicious, easy-to-make holiday recipes delivered directly to customers' doorsteps in New York, New Jersey and Connecticut. Available now through December 31st, this exclusive partnership combines Ray's new recipes with FreshDirect's top-quality, fresh ingredients and seamless delivery service, making holiday meal prep easier than ever. The collaboration features a curated selection of new and signature holiday recipes developed by Rachael and her family - many of which incorporate Staple Gin, including cocktails, appetizers, entrees, and desserts. Each recipe displays all necessary ingredients in one place, making it simple for FreshDirect customers to add items to their cart. The result is a hassle-free, one-stop shop experience for home cooks of all levels, from seasoned chefs to first-time holiday hosts.
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MNOV | Hot Stocks09:11 EST MediciNova provides update in letter to stockholders - MediciNova provides shareholders a corporate update in the following Letter to Stockholders from CEO Yuichi Iwaki, M.D., Ph.D.: "Since its founding, MediciNova has been clear in its mission to deliver new treatment options to the patients suffering with unmet medical needs... Our recently announced collaboration to supply our compound MN166 as part of an NIH-funded expanded access clinical trial is illustrative of this commitment, as it provides the Company with non-dilutive funding as we collaborate to continue to develop MN166 for ALS without incurring the expenses associated with an additional clinical trial. The six-month trial is being conducted with 17 institutions, all under the aegis of the lead institution and funded entirely by the NIH and without the added expenses of contract research organizations). Concurrently, we are conducting the COMBAT-ALS trial, our Company-sponsored Phase 2/3 trial of MN166 for ALS, which is a sponsored 12-month trial. We believe that the combination of the two trials allow us to more completely investigate MN166 in a significantly larger patient population, while maintaining a prudent hold on cash. Importantly, the NIH-funded trial is also very much in line with our corporate strategy, which is to choose a small number of trials on which to focus our resources and identify partners and other funding sources to ensure that additional programs are conducted, our pipeline is robust, and yet our cash reserves are minimally impacted. We have several additional programs that are being overseen by both U.S. government agencies and outside the U.S. that follow this model of partnering with prestigious institutions and government agencies to conduct and sponsor clinical trials. Our responsibilities are usually limited to providing study drug in most of these cases, along with administrative and trial design support... Our cash and cash equivalents position remains strong, with $42.3 million as of September 30, 2024... The global landscape is in a state of perpetual flux, encompassing the natural environment, economy, and technological advancements... We also understand that our story may be perceived as complex. I hope that laying out this approach has gone some distance to help clarify our story."
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VZ | Hot Stocks09:10 EST Verizon anounces Dejero as 'Verizon Frontline Verified' partner - Verizon Frontline today announced Dejero as the latest partner to earn "Verizon Frontline Verified" status. Dejero manufactures GateWay network aggregation devices that deliver high-quality live video and real-time data over IP. Dejero joins Panorama Antennas in meeting the high standards required to become "Verizon Frontline Verified."
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LOW | Hot Stocks09:10 EST Lowe's says 'tightly managing' operating expenses - Says investments in Pro customer paying dividends. Says increasing online conversion and traffic. Says macro economic environment "remains challenging." Expects to see increase in larger ticket projects when interest rates decline. Comments taken from Q3 earnings conference call.
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AVPT | Hot Stocks09:10 EST AvePoint introduces benchmarking data for Microsoft 365 Copilot - AvePoint announced first-to-market Microsoft 365 Copilot benchmarking capabilities within AvePoint tyGraph to give organizations critical insights into how their AI adoption and usage patterns compare to others. Adding to the AvePoint Confidence Platform, which powers secure and effective AI initiatives, these enhancements help organizations evaluate their activity to maximize the success and sustainability of Microsoft 365 Copilot, including: Benchmarking: To compare against other organizations and establish quantitative growth targets, AvePoint now provides anonymized licensing and Microsoft 365 Copilot adoption data. By benchmarking against industry peers, organizations can see where they stand and what it takes to become an AI trailblazer. Predictive Analytics: To maximize and speed the time-to-value, AvePoint's industry-first analytics help organizations assign licenses to individuals whose behaviors in Microsoft 365 predict high AI adoption. User-level activity data also identifies champions integrating AI into their daily functions and high-performance leaders spearheading change management. Activity Scores: To inform change management strategies, AvePoint provides granular visibility into activity levels for Microsoft 365 Copilot users, revealing under-utilization and adoption obstacles. Equipped with this information, organizations can tailor learning and development to foster sustainable usage and fuel AI transformation.
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SPPL | Hot Stocks09:09 EST Simpple completes trials, expects to commercialize A.I.E. in coming mont - SIMPPLE has developed, mobilized, and completed product trials on the Company's next-generation Autonomic intelligence Engine, or A.I.E. Branded as SIMPPLE A.I., it is the 'brain' behind SIMPPLE Software, the Company's flagship software platform, that enables a building or facility to make active decisions and deployments on its own to assign tasks to workers or robotic assets without human intervention. Specially selected and funded through a six-figure innovation grant by Singapore government agencies in 2022, SIMPPLE worked with two large real estate developers in Singapore to develop and deploy a workflow automation engine that leverages computer vision analytics and integration capabilities across different brands of robots, a building calculator to estimate the cost of facility maintenance and contracts, and a workforce calculator with optimization capabilities to better manage staff attendance and efficiency. These technologies were tested across three different commercial retail buildings and both the building owner and building service contractors collectively achieved greater accountability of operations, and measurably improved workforce and cost efficiency. SIMPPLE A.I. technology aims to revolutionize facility workflow through automation, allowing facility managers to focus on value-added tasks instead of mundane or repetitive task assignments. For instance, trash or spillage can be detected through existing CCTV cameras embedded with SIMPPLE's computer vision models. SIMPPLE A.I. correlates the gathered information and quickly decides which resource - be it a worker or robot - is located closer to the affected area and automatically deploys that resource to perform the needed cleaning, all without human invention. This ensures that the facility is kept clean and safe for occupants while minimizing the risk of accidents within the given space.
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LTCH | Hot Stocks09:09 EST Latch Chief Strategy Officer Jamie Siminoff to step down - Latch announced Jamie Siminoff, chief strategy officer, will step down from his current role and transition to the advisory role of Doorman in 2025. Siminoff will make the transition to Doorman effective January 1, 2025.
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FMS | Hot Stocks09:08 EST Fresenius Medical's Novalung ECMO System selected by Premier - Fresenius Medical's heart and lung group has been awarded a national group purchasing agreement for Mechanical Circulatory Support with Premier in the U.S. Since acquiring Xenios in 2016, Fresenius has been dedicated to advancing heart and lung therapy. The Novalung System for extracorporeal membrane oxygenation - ECMO -, was the first system FDA-cleared for long-term ECMO. The system pumps and oxygenates the blood of patients with acute respiratory failure or acute cardiopulmonary failure. Novalung offers a portable therapy solution designed to improve clinical outcomes and accommodate various clinical care settings. Premier is a healthcare improvement company, uniting an alliance of approximately 4,350 U.S. hospitals and 300,000 other providers to transform healthcare.
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VNT | Hot Stocks09:08 EST Vontier's Sparkion launches first installation with recharge in Sweden - Sparkion, a Vontier company and part of its EVolve e-mobility portfolio, announces a groundbreaking partnership with Recharge, a leading charge point operator in the Nordics. This collaboration marks a significant milestone in the integration of renewable energy at EV charging sites, showcasing Recharge's commitment to sustainability and innovation. As part of this initiative, Sparkion will deploy its Energy Management System (EMS) at selected EV Charging sites which will enable Recharge to manage the Energy Storage on site and address the critical challenge of limited grid capacity while enhancing the infrastructure for electric vehicle charging across the region.
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SHAK DAL | Hot Stocks09:06 EST Delta to offer Shake Shack burgers to first class fliers - Delta Air Lines (DAL) said it is teaming up with Shake Shack (SHAK) to serve burgers on its flights. "Delta's first-of-its-kind partnership with Shake Shack will begin on flights out of Boston on Dec. 1, with plans for expansion to other U.S. markets throughout 2025. Customers sitting in First Class on routes over 900 miles will be able to pre-select a Shake Shack Cheeseburger as their meal option," the company said in a statement. Reference Link
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FAT | Hot Stocks09:06 EST Fat Brands lands Rocket Lands at Soaring Eagle - FAT Brands announces a new location at the Soaring Eagle Casino & Resort located in Mount Pleasant, MI. "Johnny Rockets continues to flourish in non-traditional spaces, in particular, casinos," said Jake Berchtold, COO of FAT Brands' Fast Casual Division. "From our classic menu offerings to our fun, upbeat dining environment-we continue to win over guests at our casino locations. Our newest Soaring Eagle location will be sure to deliver a one-of-a-kind experience that lives up to our motto of burgers, shakes, fries and fun."
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LGMK | Hot Stocks09:05 EST LogicMark launches Freedom Alert Max device - LogicMark announced the launch of Freedom Alert Max, the latest advancement in the company's on-the-go product suite. The Freedom Alert Max offers over-the-air updates providing new features and improvements regularly, such as medication reminders and the fall detection algorithm. Freedom Alert Max offers geofencing for patients with dementia and Alzheimer's, cellular communication technology, fall detection, and the 988 Lifeline programmed into the device, adding to the company's feature-rich offerings. Combining the 24/7 reassurance of a monitored medical alert device with the convenience of a cell phone, Freedom Alert Max addresses the growing need for modern, mobile technology for seniors and their caregivers in a single device. The Freedom Alert Max is now available for a one-time activation fee of $54.99, a monthly unlimited cellular plan of $19.99, and a 24/7 U.S.-based monitoring fee of $34.99. New users can participate in a 90-day free trial for fall detection and geofencing during sign-up.
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AIP | Hot Stocks09:05 EST Arteris selected by GigaDevice for next-gen automotive SoC - Arteris announced GigaDevice has licensed FlexNoC 5 interconnect IP to enhance product performance, reduce power consumption and shorten time to market. These solutions offer flexibility and cost-efficiency, supporting companies in developing advanced technologies. "We are thrilled to bring our advanced interconnect IP to GigaDevice's automotive products," said K. Charles Janac, president and CEO of Arteris. "We are dedicated to supporting our customer's mission of creating cutting-edge automotive solutions that meet the highest standards of safety and performance."
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BAESY | Hot Stocks09:04 EST BAE Systems awarded U.S. Army contract for electronic warfare countermeasures - BAE Systems was awarded a follow-on contract from the U.S. Army to further develop its Multi-Class Soft Kill System countermeasures to protect ground combat vehicles against guided missiles and adjacent threats. BAE Systems' active protection systems provide next-generation layered defense capabilities for vehicles and maritime platforms, leveraging advanced electro-optic/infrared and radio-frequency spectrum technologies. The company's vehicle protection systems are developed and manufactured at its facility in Austin, Texas with R&D support from the company's FAST Labs organization in Merrimack, New Hampshire.
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GOVX | Hot Stocks09:03 EST GeoVax Labs announces interim data from Phase 2 trial of Vaccine technology - GeoVax Labs announced the completion of an interim data review by the Data Safety Monitoring Board (DSMB) for the ongoing Phase 2 clinical trial of GEO-CM04S1, GeoVax's dual-antigen n "This is very exciting news," commented David Dodd, GeoVax President and CEO, "The outcome of the DSMB interim review appears to support our view of GEO-CM04S1 as a potentially superior COVID-19 vaccine booster within the CLL patient population. Within the CLL and other immune-compromised patient populations, more robust and durable protective immunity is needed, as provided by potential next-generation vaccines such as GEO-CM04S1 that induce both strong T cell and antibody responses."
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BLNK | Hot Stocks09:01 EST Blink Charging announces relationship with Tower Management Service - Blink Charging has announced its relationship with Tower Management Service. This collaboration is well underway and includes the completed installation of 53 state-of-the-art EV charging stations at 12 Tower locations throughout New Jersey.
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SGD | Hot Stocks09:01 EST Safe and Green Development acquires additional 160 single family lots in Texas - Safe and Green Development entered two additional joint ventures for the purpose of developing and constructing single-family homes in South Texas. Through the new joint ventures, SG Devco has secured an additional 160 lots bringing the total pipeline in South Texas to over approximately 250 lots for single family home development. The 160 lots are spread across two separate parcels totaling 21 acres that will be developed sequentially. Hacienda Olivia Phases III & IV will be the continuation of Hacienda Olivia Phase II, which is currently undergoing horizontal development with t57 lots estimated to be ready in Q1 of 2025. Phases III & IV are slated to begin horizontal land development by Q2 of 2025 with completion expected towards the end of 2025.
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VKTX | Hot Stocks08:58 EST Viking to present data from Phase 2b VOYAGE study in late breaker presentation - Viking Therapeutics announced that results from the company's Phase 2b clinical trial of VK2809, the company's novel liver-selective thyroid hormone receptor beta agonist, in patients with biopsy-confirmed non-alcoholic steatohepatitis, or NASH, also referred to as metabolic dysfunction associated steatohepatitis, of MASH, will be highlighted in an oral late breaker presentation at the annual meeting of the American Association for the Study of Liver Disease, or AASLD, on Tuesday, November 19, at 11:00-11:10 a.m. Pacific Time.
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ECDA | Hot Stocks08:55 EST ECD Automotive Design introduces Project Skywood - ECD Auto Design introduced Project Skywood, a one-of-one custom Land Rover Defender 110 destined for its new Pennsylvania home. This unique Defender does not hold back on any bells and whistles as it combines exceptional performance with exquisite interior craftsmanship, creating a luxurious and rugged vehicle perfectly suited to the diverse landscapes of its future home.
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BEAT | Hot Stocks08:55 EST HeartBeam announces positive data from two studies at AHA - HeartBeam announced the results from two studies evaluating HeartBeam's groundbreaking vector-based technology. The data add to the body of clinical evidence for the Company's key clinical indications, specifically arrhythmia and heart attack or myocardial infarction, detection, and showcase the technology's pivotal role in advancing patient care for these clinical indications. The studies were presented during the American Heart Association's annual Scientific Sessions in Chicago, November 16-18 . HeartBeam's vector-based technology captures the heart's electrical signals from three dimensions. The Company's first application of its groundbreaking technology is a cable-free, credit card-sized device that is designed to be capable of synthesizing a 12-lead electrocardiogram ECG . The small size makes it convenient for patients to always have the device with them, ready to record an ECG whenever they feel symptoms to minimize delays in care. The HeartBeam system is currently under review with the FDA. "The data presentations at AHA are a testament to HeartBeam's dedication to building a robust body of clinical evidence to support our groundbreaking technology as we strive to make it easier for patients and physicians to monitor cardiac symptoms and seek timely diagnosis outside of a healthcare facility," said Robert Eno, Chief Executive Officer, HeartBeam. "We thank our physician collaborators for their commitment to evaluating the value our technology can bring in different clinical situations and transform how cardiac conditions are managed in the future."
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NOW MSFT | Hot Stocks08:52 EST ServiceNow & Microsoft expand strategic alliance to modernize'front-office' - ServiceNow (SNOW) announced an expanded strategic alliance with Microsoft (MSFT) to modernize front-office business processes with Copilot and agents. The news builds on years of partnership bringing new advanced cloud and AI capabilities to customers in their flow of work. Most recently, both companies introduced ServiceNow Now Assist and Microsoft 365 Copilot integration which streamlines workflows and enables self-service capabilities within Microsoft applications. Initial use cases include employee and IT scenarios where employees working in Microsoft Teams can use Copilot to search the ServiceNow knowledge base, request service catalog items through a guided, conversational experience, and ask to chat with a live agent when a case needs to be escalated. Now Assist provides employees with responses to questions as well as recommended actions and next steps in a conversational manner based on domain knowledge of the enterprise and awareness of the user's context and organizational data from Microsoft 365 chats, email, calendar, and files.
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AI MSFT | Hot Stocks08:45 EST C3 AI jumps 5% to $27.75 following Microsoft alliance announcement
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GNLN | Hot Stocks08:45 EST Greenlane enters U.S. distribution agreement with Veriteque USA - Greenlane Holdings announced a multi-year distribution agreement with Veriteque USA, a manufacturer of the patented SwabTek and Verifique brand of single-use, dry reagent presumptive field tests for detection of narcotics, explosives, gunshot residue and other harmful substances. Under the agreement, Greenlane will distribute Veriteque's comprehensive portfolio of field test kits in the U.S. with a focus on institutional retail, education, law enforcement and corporate accounts. Veriteque's manufacturing facility, located in San Diego, CA, is capable of producing hundreds of thousands of printed tests daily and currently supplies well known retailers nationwide including Walgreens and Rite Aid, thousands of U.S. schools, more than 100 airports in the EU and hundreds of global law enforcement agencies.
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AI MSFT | Hot Stocks08:44 EST C3 AI, Microsoft announce strategic alliance for enterprise AI adoption - C3 AI (AI) and Microsoft (MSFT) announced a strategic alliance to accelerate the adoption of enterprise artificial intelligence on Microsoft Azure. "The agreement marks a significant milestone in C3 AI and Microsoft's existing partnership, further combining C3 AI's Enterprise AI-native application software, including C3 Generative AI, with Azure's robust and expansive ecosystem to the benefit of enterprises globally," the companies said in a statement. Under the new agreement, C3 AI and Microsoft will engage in a range of strategic initiatives, including technical integration, as C3 AI's full suite of Enterprise AI application software, including C3 Generative AI, will be available on the Microsoft Commercial Cloud Portal. "This agreement positions Microsoft as the preferred cloud provider for C3 AI offerings and establishes C3 AI as a preferred AI application software provider on Microsoft Azure," the companies add. Shares of C3 AI are up 4% to $27.61 in premarket trading following the announcement.
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LQR | Hot Stocks08:43 EST LQR House board approves purchase of up to $1M in bitcoin - LQR House Board of Directors has approved the purchase of up to $1M in Bitcoin as part of its treasury management strategy. In addition, the Company will now accept cryptocurrency payments on CWSpirits.com, giving customers the flexibility to purchase alcohol using digital currencies. As part of this initiative, LQR House has adopted a policy to retain up to $10M of these crypto payments in Bitcoin, reflecting the Company's confidence in the long-term potential and value of digital assets.
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ELWS | Hot Stocks08:42 EST Earlyworks accelerates innovation to bolster foundation - Earlyworks is actively promoting measures to strengthen its corporate governance system and enhance shareholder value. In November 2024, Earlyworks reinforced its management framework by establishing new positions for a Chief Operating Officer, COO, and a Chief Development Officer, CDO, for the purpose of bolstering the foundation that supports growth. The company would like to present the future direction of its management strategy, considering the market environment in the blockchain industry and its business development policies. The blockchain industry, where Earlyworks operates its core business, has recently experienced several significant developments. These include the policies proposed by the President-elect Trump and, the quadrennial Bitcoin halving event, and the approval of Bitcoin and Ethereum ETFs, all of which have had or are expected to have a positive impact on the blockchain industry. Since its establishment in 2018, Earlyworks has pursued its vision of "Blockchain As a Strategy," striving to create a future where blockchain serves as a foundational social infrastructure. While the concept of blockchain as infrastructure was initially challenging to grasp, practical applications have generally advanced across various fields. As blockchain continues to gain traction as a societal infrastructure, Earlyworks is proactively advancing its organizational development in preparation for business expansion.
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KAPA | Hot Stocks08:41 EST Kairos Pharma approved to dual list on Upstream - Kairos Pharma announced its approval to dual list its shares on Upstream, a MERJ Exchange market and global securities trading app. Trading will be available on Upstream November 26 at 10:00am ET under the ticker symbol 'KAPA.' The dual listing on Upstream is designed to provide Kairos Pharma the opportunity to access a global investor base outside the U.S., unlocking liquidity and enhancing price discovery while globalizing the opportunity to invest in Kairos Pharma.
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CGAU | Hot Stocks08:41 EST Centerra Gold continues drilling at QCM property - Kestrel Gold provided an update on work completed by Centerra Gold on the QCM gold property located in the Manson-Germanson area of central British Columbia. Centerra is currently in the process of earning a 75% interest in QCM by making cash payments totaling $900,000 and completing $6,500,000 in exploration work, which must include a minimum of 13,500 metres of drilling, by May 7th, 2029. Centerra's reverse circulation drill program is well underway. A total of 6 holes and 813.97 metres have been completed to date with drilling ongoing. Completed holes are located in the 14 Vein area where RC drilling by Kestrel in 2022 returned up to 2.33 g/t Au over 44.19 metres. Results for the Centerra drill program will be released once analytical results have been received and interpreted. Centerra has also advised that they have submitted to the Ministry of Energy, Mines and Low Carbon Innovation of British Columbia an application for a 5-year Multi-Year-Area-Based permit, which upon receipt will allow for property wide exploration and drilling. Pat Lynch, President and CEO of Kestrel, states: "We are pleased to see Centerra drilling at QCM. They are well funded and their geological team has significant experience with this type of target. Both the drilling and the permitting have potential to yield significant value to Kestrel shareholders, and we look forward to a successful completion of the program and the results that will follow."
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XPON | Hot Stocks08:40 EST Expion360 expands OEM relationships, distribution network - Expion360 announced significant growth within its OEM and distribution network. In addition to strengthening relationships with existing OEM partners, Expion360 has recently added several new OEMs and one new distributor, following our team's attendance at the Elkhart RV Dealer Open House in September and resulting from our ongoing sales efforts to expand the company's customer base across the United States. The Elkhart event showcased the company's batteries installed in demonstration vehicles, highlighting their performance and versatility, which resonated strongly with attendees. This momentum, combined with the company's strategic outreach efforts nationwide, has significantly bolstered the company's footprint in the RV markets.
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BDN | Hot Stocks08:38 EST Brandywine Realty announces closing of sale of One and Two Barton Skyway - Brandywine Realty Trust announced the closing of the sale of One and Two Barton Skyway, located at 1501 and 1601 South MoPac Expressway in Southwest Austin, to the City of Austin. The 386,000-square-foot facility, sold for $107.6 million, or $275 per square foot, will serve as a consolidated public safety headquarters. "This transaction is consistent with our capital recycling and portfolio management objectives. This sale both strengthens our balance sheet and positions us to seize high-quality, strategic investment opportunities," said Jerry Sweeney, President & CEO of Brandywine Realty Trust. "At the same time, we remain deeply committed to Austin, exemplified by our development of 405 Colorado and Uptown ATX, our 66-acre master-planned development that is a cornerstone of Austin's emerging second downtown."
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VRT | Hot Stocks08:37 EST Vertiv Holdings expands global liquid cooling portfolio with new CDUs - Vertiv announced a significant expansion of its liquid cooling product portfolio with the introduction of two new Vertiv CoolChip CDU coolant distribution unit systems. These systems enable modular, cost-effective liquid cooling deployments in data centers, making it possible to operate high-density computing for AI alongside traditional air-cooled racks. The new CDUs are on display at the Vertiv booth at SC24, the international conference for high performance computing, networking and storage, from November 19 - 22...The Vertiv CoolChip CDU 350kW model is a liquid-to-air solution that offers direct-to-chip liquid cooling support with air-based heat rejection, enabling it to easily retrofit into existing facilities and to deploy liquid cooling for direct-to-chip applications without a facility chilled water system. Both Vertiv CoolChip CDU systems can distribute coolant directly to liquid cooled chips and rear-door heat exchangers. Controls allow for fluctuating temperature and flow to match varying application demands. The systems leverage unit-to-unit communication for system-level control; redundant power feeds, pumps and filters for improved cooling availability; remote temperature, humidity and leak detection sensors; and integrated controls that enable remote monitoring and management.
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BNED | Hot Stocks08:37 EST Barnes & Noble Education continues expansion of First Day programs - Barnes & Noble Education announced the rapid and continued growth of its industry-leading First Day affordable access programs and new research data that highlight the positive impact the programs have on course material affordability and student outcomes. Barnes & Noble College, BNC, First Day Affordable Access Programs Seeing Rapid Growth : BNC's First Day Complete equitable access model was offered at 183 campus stores in the fall 2024 academic term, representing approximately 925,000 undergraduate and postgraduate students, up from 800,000 in fall 2023; Eight net additional campus stores have committed to transitioning to First Day Complete for the spring 2025 academic term; BNC's First Day offered through 230 campus stores in the fall 2024 academic term; 2024 proprietary student research underscores the significant benefits of the First Day affordable access models on student outcomes; In the second quarter fiscal year 2025, First Day program revenues increased 18% YOY to $235 million
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HMST FSUN | Hot Stocks08:37 EST HomeStreet, FirstSun Capital agree to terminate merger - FirstSun Capital Bancorp (FSUN) and HomeStreet (HMST) agreed to terminate their previously announced merger agreement, originally announced on January 16, 2024, pursuant to a mutual termination agreement. The boards of both companies determined that it is in the best interests of their respective companies and their respective shareholders to terminate the merger agreement, they announced in a regulatory filing.
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EXLS | Hot Stocks08:36 EST ExlService awarded contract to manage service desk operations for DCC - EXL has been awarded a contract to manage the service desk operations for the Data Communications Company, DCC. This role involves overseeing incidents related to smart meter infrastructure, and handling issues arising from smart meters or from consumers switching between suppliers. EXL will utilize data analytics and AI to identify patterns, predict potential problems, and optimize resolution processes.
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NNWWF | Hot Stocks08:35 EST North West Company announces renewal of normal course issuer bid - The North West Company announced that the Toronto Stock Exchange has accepted notice of the Company's intention to make a normal course issuer bid for a portion of its common voting shares and variable voting shares as appropriate opportunities arise from time to time. The board of directors of the Company believes that the purchase by the Company of a portion of its outstanding Shares may from time to time be an appropriate use of available resources and in the best interests of the Company. Pursuant to the NCIB notice filed with the TSX, the Company may acquire up to a maximum of 4,765,289 of its Shares, or approximately 10% of its public float as of the date of November 19, 2024, for cancellation over the next 12 months. As of November 19, 2024, the Company has 47,847,504 issued and outstanding Shares. The actual number of Shares that may be purchased pursuant to the NCIB will be determined by management of the Company, subject to applicable law and the rules of the TSX. Purchases under the NCIB will be made through the facilities of the TSX or through Canadian alternative trading systems and in accordance with applicable regulatory requirements at a price per Share equal to the market price at the time of acquisition. The number of Shares that can be purchased pursuant to the NCIB is subject to a current daily maximum of 18,909, subject to the Company's ability to make one block purchase of Shares per calendar week that exceeds such limits.
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MDRX | Hot Stocks08:35 EST Veradigm in srategic collaboration with EHR decision platform Insiteflow - Veradigm announced an enhanced strategic collaboration with Insiteflow, an electronic health record EHR decision workflow platform. This effort expands Veradigm Payer Insights VPI beyond the Veradigm EHR footprint into additional EHRs technologies. Together, Veradigm and Insiteflow are placing actionable insights on behalf of Payers at the point of care across multiple EHR platforms -including Veradigm EHR and Practice Fusion. VPI is now offered to additional EHR platforms, including Epic, to support further payer-provider collaboration designed to enhance patient care..."Collaborating with Veradigm aligns with our mission to reduce provider burden and enhance decision-making within EHR workflows," said Anthony Gerardi, CEO of Insiteflow. "Together, we can leverage the Veradigm Network to empower healthcare providers with the data-driven insights they need, driving better outcomes and improving patient care efficiency at scale."
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LFWD | Hot Stocks08:34 EST Lifeward announces Hungary expands policy providing access to exoskeletons - Lifeward applauded the decision by the government of Hungary to establish a new state insurance code to provide coverage for exoskeleton training for individuals living with spinal cord injury. This coverage policy follows research conducted by Dr. Peter Cserhati MD, PhD, Director of the Semmelweis University Rehabilitation Clinic in Budapest, Hungary, which examined the long-term therapeutic benefits of rehabilitation with the ReWalk Exoskeleton. "The leadership of Hungary's government, medical community and administrators has the potential to improve the lives of many of its citizens living with spinal cord injury. With this decision, access to exoskeletons has now been expanded to include Germany, the United States and Hungary, and these policies are essential drivers for our industry," said Larry Jasinski, CEO of Lifeward.
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SBET | Hot Stocks08:33 EST SharpLink Gaming announces 2024 Annual General Meeting of Stockholders - SharpLink Gaming will host its Annual General Meeting of Stockholders (the "Meeting") on Monday, December 9, 2024 at 4:00 PM Central Time at SharpLink's corporate headquarters, located at 333 Washington Avenue North, Suite 104, Minneapolis, Minnesota 55401, and thereafter as it may be adjourned or postponed from time to time. At the Meeting, stockholders will be asked to approve the following proposals and adopt the following resolutions in connection with the proposals: The reelection of Rob Phythian, Obie McKenzie, Robert Gutkowski and Leslie Bernhard as members of the Board of Directors for a term expiring at our 2025 Annual General Meeting of Stockholders and until their successors are elected and qualified; The approval of a reverse stock split of the Company's common stock, par value $0.0001 per share, by a ratio of up to and including 6:1, to be effective at the ratio and on a date to be determined by the Company's Board of Directors, and amendments to the Company's Amended and Restated Certificate of Incorporation to effect such reverse stock split; The ratification of the appointment of Cherry Bekaert, LLP, registered public accountants, as our Company's independent registered public accountants for the year ended December 31, 2024 and the authorization of our Board of Directors to fix such independent public accountants' compensation in accordance with the volume and nature of their services or to delegate such power to our Audit Committee; The approval of a non-binding advisory vote to approve the compensation paid to our named executive officers; and To transact any other business properly coming before the Meeting.
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LEN | Hot Stocks08:32 EST Lennar to acquire Rausch Coleman Homes - Lennar has entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas. Lennar will acquire Rausch Coleman's homebuilding operations, which expects to deliver approximately 5,000 homes with an average sales price of $230K in calendar year 2024. In connection with Lennar's land light strategy, Lennar intends to assign the purchase of, and option, all of Rausch Coleman's land assets with a third party. With this acquisition, Lennar will expand its footprint into new markets in Arkansas, Oklahoma, Alabama, Kansas and Missouri while adding to its existing footprint in Texas, Oklahoma, Alabama and Florida. The acquisition is expected to be completed in Lennar's Q1 2025.
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GNE | Hot Stocks08:32 EST Genie Energy closes on solar generation project financing - Genie Energy has closed on a loan financing on a portfolio of operating solar generation assets. The $7.4 million fixed rate term loan secured through National Cooperative Bank provides project financing for a solar array portfolio rated for an aggregate 10MW. The arrays, which Genie purchased through its Sunlight Energy subsidiary during the past year, provide power to educational facilities in three Midwestern states through direct fixed-price solar power purchase agreements. At September 30, 2024, Genie Renewable's development pipeline of 96 MW comprised two utility-scale projects under construction and an additional 17 projects in various stages of pre-construction development.
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COYA | Hot Stocks08:32 EST Coya: COYA 301 - GLP-1 agonists combo synergistic in inflamation amelioration - Coya Therapeutics releases the following letter to stockholders from Chief Executive Officer Dr. Arun Swaminathan...."Given my recent transition to the role of CEO, I wanted to share my thoughts on Coya and our future and to express my gratitude to our founder and Executive Chair, Dr. Howard Berman, whose bold vision has instilled the "innovation and get-it-done" culture in Coya's DNA. We have made tremendous strides in 2024, repeatedly executing on our promises. As I look to 2025, I am confident that our nimble and highly experienced team will continue to exceed expectations....Like many experts in the scientific community, we believe combination strategies are the future to address devastating neurodegenerative diseases. We believe targeting one mechanism or pathway is likely insufficient to achieve maximal effect - hence our approach with COYA 302. COYA 302 is a "Pipeline within a Product" and has strong potential in ALS, FTD, AD, Parkinson's disease, and other indications...."We are continuously building our intellectual property to further enhance the value of Coya. One recent development is the combination of COYA 301 and GLP-1 agonists. Data suggests that the mechanism of action appears additive and/or synergistic in ameliorating inflammation. This is yet another opportunity for value-creating strategic partnerships. We intend to publish more detailed data in 1Q 2025."
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NMHI | Hot Stocks08:31 EST Nature's Miracle announces 1-for-30 reverse stock split - Nature's Miracle announced that on November 21, effective at 12:01 a.m. Eastern Time, it will effectuate a 1-for-30 reverse split of its common stock. The company's common stock will begin trading on a split-adjusted basis when the market opens on November 21, under its current trading symbol "NMHI". The new CUSIP number of the company's common stock following the reverse stock split will be 63903P 209. The reverse stock split is intended, among other things, primarily to increase the bid price of the company's common stock to enable the company to regain compliance with the minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Global Market.
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NVNO | Hot Stocks08:28 EST enVVeno Medical submits VenoValve PMA application to FDA - enVVeno Medical has submitted its application with the U.S. Food and Drug Administration seeking approval to market and sell the VenoValve in the United States. Four out of five modules that comprise the VenoValve PMA application have been submitted, reviewed and approved by the FDA. The fifth and final module of the application contains the clinical data from the SAVVE pivotal trial as well as proposed labeling for the device. The VenoValve, which has been designated as a breakthrough device by the FDA and is therefore subject to priority review, is intended to treat severe deep venous Chronic Venous Insufficiency, a debilitating disease that is most often caused by blood clots in the deep veins of the leg. When valves inside of the veins of the leg fail, blood flows in the wrong direction and pools in the lower leg, causing pressure within the veins of the leg to increase. The Company is also developing a next-generation, non-surgical transcatheter based replacement venous valve called enVVe, which could appeal to an even larger market in terms of both patients and physicians. The Company expects enVVe to be ready for its own pivotal trial during the middle of 2025.
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WMT | Hot Stocks08:27 EST Walmart had a 'good' back-to-school, Halloween, executive says
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IBG | Hot Stocks08:26 EST Innovation Beverage Group sigs sales services agreement with Blue Ridge - Innovation Beverage Group has signed a Sales Services Agreement with Atlanta, Georgia-based Blue Ridge Spirits & Wine Marketing to sell its Australian Bitters Company and BITTERTALES brands throughout the U.S.
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SVRE | Hot Stocks08:25 EST SaverOne 2014 signs commercial agreement with multinational - SaverOne 2014 announced that following the press release issued on September 6, 2023, and following the successful completion of a pilot, a commercial agreement was signed with the Spanish subsidiary of a multinational company in the construction sector. Under the agreement, SaverOne will deploy up to 200 SaverOne systems out of the full fleet of 500 vehicles in Spain. The first 100 systems were shipped and will be installed by mid-December 2024.
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VRSK | Hot Stocks08:24 EST Verisk Analytics introduces LOCATION Property Protection - Verisk introduced LOCATION Property Protection Score, which provides insurers with a score that represents fire protection capabilities at the address level. This score supports an insurers' ability to accurately rate and underwrite personal lines homeowners risks. LOCATION PPS builds on Verisk's LOCATION Public Protection Classification, the industry standard for community-based fire protection scoring used by more than 250 insurers. LOCATION PPC tracks the response capabilities of local fire departments across more than 36,000 fire protection areas and incorporates a range of grading criteria such as emergency communications, fire department, water supply and community risk reduction.
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IRIX | Hot Stocks08:24 EST Iridex comments on changing glaucoma reimbursement landscape - Iridex confirms that Local Coverage Determination) L37531, relating to Micro-Invasive Glaucoma Surgery, MIGS, was adopted as scheduled and will be effective for services performed on or after November 17, 2024. The Company has previously reported that it believes the reimbursement limitations created by the new LCD has potential to significantly increase physician interest in and use of Iridex's advanced laser-based treatments for glaucoma. The new LCD clarifies that treatments performed using Iridex's laser consoles and probes are not MIGS procedures, and thus, Iridex's Cyclo G6 product family is unaffected by the new reimbursement limitations
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ECOR | Hot Stocks08:23 EST electroCore donates gammaCore Sapphire for real world evalution of nVNS - electroCore has donated 20 gammaCore Sapphire D's to be used by Dr. Robin Ely, Director of Integrative and Regenerative Medicine, a global practice focused on the development of integrated treatment regimens for neurocognitive and neurodegenerative disorders, and Dr. Yori Gidron, professor of health psychology at the Dept. of Nursing, Faculty of welfare and health sciences, University of Haifa and co-author of the PTSD Clinical Practice Guideline published by the Vagus Nerve Society. The real-world evaluation will be conducted by Dr. Gidron among Israelis dealing with trauma.
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NXTC | Hot Stocks08:22 EST NextCure announces preclinical data on NC605 - NextCure announced the presentation of preclinical data demonstrating that treatment with NC605, a novel anti-Siglec-15 (S15) antibody, resulted in enhanced generation of quality bone with better mechanical properties, in an oral presentation at the Osteogenesis Imperfecta Federation Europe virtual Investigator Meeting on November 15th, 2024. These results demonstrate that NC605 is a highly effective treatment for Osteogenesis Imperfecta, also known as brittle bone disease in a well-established model of disease. Key findings include: In the treated mice, 90% of male oim and 80% of female oim, had no fractures post-sacrifice, compared to 85% and 55% in the control groups, respectively. For the treated oim population, both sexes showed: Increased trabecular and cortical tissue mineral density. Increased cortical bone mineral density. Collectively, all changes resulted in overall enhanced bone quality with better mechanical properties. In contrast, only the treated male oim population showed: Increased trabecular bone volume fraction, including an increase in the number of trabeculae and a decreased separation between trabeculae. Increased cortical thickness. Collectively, the changes resulted in an increase of max load and stiffness, measures of mechanical bone strength.
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WMT | Hot Stocks08:22 EST Walmart store deliveries surpass $2B in monthly sales, says CFO - Says online marketplace item count nearing 700M, says CFO.
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PHRRF | Hot Stocks08:22 EST PharmaTher says FDA grants post-complete letter clarification meeting - PharmaTher announced that the FDA granted a post-complete letter clarification meeting scheduled for December 2, 2024. As previously announced, the Company requested the Meeting in response to the FDA issuing a complete response letter, dated October 22, 2024, for the ketamine Abbreviated New Drug Application, which was assigned a Generic Drug User Fee Amendments of 2022 goal date of October 29, 2024. The Company has initiated activities to address the deficiencies cited in the CRL. The deficiencies cited in the CRL are classified as MINOR. The FDA requested new and updated information and clarifications related to drug substance, drug product, manufacturing, and microbiology. The FDA did not express concern about the stability of the ketamine submission batches, which achieved 18 months of stability without issue, and no new preclinical and clinical studies were requested. As noted by the FDA in the CRL, the resubmission to this CRL will be considered to represent a MINOR AMENDMENT, given that the deficiencies have been classified as MINOR. The Company will announce a proposed timeline for the resubmission to this CRL after the Meeting and continue to provide updates as they occur.
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TGB | Hot Stocks08:21 EST Taseko Mines appoints Crystal Smith to board of directors - Taseko Mines announced appoints Crystal Smith to its Board of Directors. Smith has served as elected Chief Councillor of the Haisla Nation for the past seven years
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ALZN | Hot Stocks08:20 EST Alzamend Neuro announces full data set from nonclinical AL001 study - Alzamend Neuro announced that it has finished analyzing the final full data set from a nonclinical study comparing brain and plasma lithium exposures between AL001 and lithium carbonate in Alzheimer's transgenic mice. The study was conducted at the University of South Florida and the bioanalytical procedures for determination of lithium concentration in the brain and plasma samples were conducted under good laboratory practice standards by Sannova Analytical. The study involved administering AL001, a good manufacturing practices-quality active pharmaceutical ingredient to 5XFAD mice, a recognized model for Alzheimer's research, to compare its effects against lithium carbonate, an FDA approved and marketed API. Mice received either high or low doses scaled to humans of both AL001 and lithium carbonate over a 14-day period to observe pharmacokinetic steady-state drug conditions. On the 15th day, the mice were analyzed to assess how the treatments affected lithium concentrations in different brain regions and in their plasma. Both treatments had no negative impact on the mice's body weight or clinical signs during the treatment period. AL001 showed lower plasma lithium levels than lithium carbonate, reducing the risk of adverse systemic effects, suggesting an expansion for safety of lithium's therapeutic index. AL001 showed consistently higher lithium concentrations in brain tissues, particularly at lower doses, compared to lithium carbonate. The study found that different brain regions absorb and retain lithium differently. This means treatments can potentially be tailored to target specific brain areas, allowing for more precise treatment of various brain-related conditions when applied in human studies.
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MDAI | Hot Stocks08:20 EST Spectral AI raises up to $5M financing - Spectral AI announced the completion of an approximate $5M equity financing in an at-the-market transaction. The closing is to be completed in two tranches. Part of the proceeds will be used for the retirement of its outstanding obligations with Yorkville Advisors. This transaction supports Spectral AI's growth trajectory and progress toward a submission to the U.S. Food and Drug Administration for approval of its DeepView AI-Burn system, a crucial milestone targeted for the first half of 2025. The equity financing was made possible through a strategic financing arrangement with institutional investors, a testament to Spectral AI's ability to attract significant financial support. This arrangement, which included an at-the-market offering of equity and pre-funded warrants, strengthens Spectral AI's balance sheet and enhances its operational flexibility as it pursues FDA approval.
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DFLI | Hot Stocks08:19 EST Dragonfly Energy announces 1-for-9 reverse stock split - Dragonfly Energy announced that it will effect a 1-for-9 reverse stock split of its outstanding common stock. This will be effective for trading purposes as of the commencement of trading on Friday, November 22, 2024. Dragonfly Energy's common stock will continue to trade on The Nasdaq Capital Market under the symbol "DFLI" and under a new CUSIP number, 26145B 304.
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EDAP | Hot Stocks08:19 EST EDAP TMS announces scientific presentation of data comparing Focal One HIFU - EDAP TMS announced a moderated scientific presentation of clinical data comparing Focal One HIFU versus surgery for the treatment of deep infiltrating endometriosis at the 2024 AAGL Global Congress, which took place from November 16-19, 2024, in New Orleans, LA. The presentation was entitled, "Evaluation of rectal endometriosis treatment with high-intensity focused ultrasound versus surgery: a retrospective multicenter study", and was delivered by Professor Gil Dubernard, Head of Gynecology Department at Croix-Rousse University Hospital, Lyon, France, and Principal Investigator. Highlighted Results: Compared to surgery, patients treated with HIFU therapy for the management of deep infiltrating rectal endometriosis nodules showed encouraging data with respect to health improvement, reduced rate of complications, shorter operating time, and reduction in length of hospital stay. Moderate and severe postoperative complications were significantly less frequent after HIFU treatment compared to surgery. These findings suggest that HIFU treatment could be an alternative to surgery in select patients with rectal endometriosis.
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WMT | Hot Stocks08:18 EST Walmart CFO says rolled back prices on 6,000 items in Q3
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THC | Hot Stocks08:18 EST Commure to deploy Commure Scribe on Tenet Physician Resources - Commure announced that Tenet Healthcare Corporation has selected Commure Scribe, an ambient AI platform, to be launched across its employed physician network, Tenet Physician Resources. Commure's ambient AI platform spans the entire patient journey and clinician workflow, streamlining data collection, documentation, and care delivery. By minimizing administrative burdens and integrating clinical workflows, Commure enables providers to dedicate more time to patient care, fostering a more human-centered healthcare experience.
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MYGN | Hot Stocks08:18 EST Myriad announces Prequel Prenatal Screening can be performed at 8 weeks - Myriad Genetics announced that the Prequel Prenatal Screen is now available at eight weeks into pregnancy. Enabled by its AMPLIFY technology, Prequel is the first and only prenatal cell-free DNA, cfDNA, screen available at eight-weeks gestational age. "Previously, I would schedule my patients to come in at eight weeks for their first prenatal appointment; then, I would ask them to come back two weeks later to do a Prequel screen. Now that Prequel can be performed at eight weeks, patients have the opportunity to complete all baseline lab work during that initial care visit," said Dallas Reed, MD, FACMG, FACOG, obstetrician-gynecologist and medical geneticist who serves as the Principal Medical Advisor of Women's Health for Myriad Genetics. "As a result of this earlier timeframe, providers and their patients can obtain valuable genetic information earlier in the pregnancy, enabling them to make informed decisions based on that information sooner."
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LTRN | Hot Stocks08:17 EST Lantern Pharma doses first patient in LP-300 trial expansion cohort - Lantern Pharma announced that the first patient has been dosed - as part of the expansion cohort - in Japan for its Phase 2 Harmonic clinical trial evaluating LP-300 in never-smoker patients with non-small cell lung cancer, or NSCLC, who have progressed after receiving treatment with tyrosine kinase inhibitors, or TKIs.
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CTVA | Hot Stocks08:16 EST Corteva announces new $3B share repurchase program - Corteva announced that its board of directors authorized a new $3B share repurchase program. The authorization is immediately effective, does not expire, and gives management discretion in determining the conditions under which shares may be purchased. This newly authorized program is in addition to the company's existing $2B program announced in September 2022, which had approximately $750M remaining as of September 30.
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GTI | Hot Stocks08:16 EST Graphjet commences operations in argricultural wase-to-graphite facility - Graphjet announced the start of operations at its first commercial-scale green graphite facility located in the Subang District in Malaysia. This facility is the world's first commercial-scale plant capable of recycling palm kernel shells, a highly abundant agricultural waste byproduct in Malaysia, to produce battery-grade graphite. The new facility has the capacity to recycle up to 9,000 metric tons of palm kernel shells annually, producing up to 3,000 metric tons of graphite per year. This level of production is sufficient to support battery production for approximately 40,000 electric vehicles (EVs) per year. With a footprint exceeding 91,000 square feet, Graphjet's facility will support a local workforce of 200 jobs, underscoring the Company's commitment to job creation and economic growth.
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WMT | Hot Stocks08:16 EST Walmart: Prices remained steady in Q3 - Says behavior of U.S. consumers was largely consistent over the last 4-6 quarters.
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TNYA | Hot Stocks08:16 EST Tenaya Therapeutics reports inducement grants under Nasdaq listing rule - Tenaya Therapeutics granted stock options to purchase an aggregate of 12,000 shares of Tenaya common stock to two new non-executive employees in connection with the commencement of their employment. The stock options have an exercise price of $1.97 per share, which is equal to the closing price of Tenaya's common stock on November 15, 2024. Each stock option has a ten-year term and vests as follows over a total of four years: 1/4th of the original number of shares subject to the stock option shall vest on the one-year anniversary of the employee's date of hire and 1/48th of the original number of shares subject to the stock option shall vest every month thereafter, subject to such employee's continued service with Tenaya on each such date.
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MGA | Hot Stocks08:15 EST Magna secured first award for DHD Duo system - Magna has secured its first award for a Dedicated Hybrid Drive, DHD, Duo system with a leading Chinese OEM. This recognition underscores Magna's commitment to innovation and sustainability, as well as the company's flexible approach to supplying power to wheels. Magna's DHD Duo system delivers a longitudinal front drive solution featuring an advanced dual e-motor and multi-speed design. The high-powered 800V system ensures an exceptionally smooth and comfortable experience across all driving conditions, positioning Magna at the forefront of hybrid technology innovation.
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LOT | Hot Stocks08:14 EST Lotus Technology's Lotus Robots achieved total contract value of approx $130M - Lotus Technology announced that Lotus Robotics, a subsidiary of the Company, has to date achieved a total contract value of approximately US$130 million for its intelligent driving solutions, symbolizing a significant driver for the long-term and sustainable growth of the Company. "The delivery of intelligent vehicles will continuously enhance the development and geographic adoption of our proprietary technology to capitalize on the thematic growth trend," said Qingfeng Feng, CEO of Lotus Tech. "Partnering with leading players around the world highlights our commitment to delivering reliable intelligent driving solutions for modern mobility, and strengthens the Company's overall growth outlook."
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WMT | Hot Stocks08:13 EST Walmart: U.S. consumers 'resilient'
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CSTM CCK | Hot Stocks08:13 EST Constellium qualifies first aluminum coils from recycling center with Crown - Constellium (CSTM) announced that its newly inaugurated aluminium recycling center in Neuf-Brisach, France, has achieved a major milestone by qualifying its first aluminium coils with Crown Holdings (CCK). The aluminium coils, produced mainly from post-consumer scrap, have passed rigorous qualification tests at Crown's manufacturing plants in France and Spain. Crown has approved the use of Constellium's aluminium coils in its beverage cans, marking a significant step forward in the sustainability journeys of both companies. The qualification by Crown is an important achievement for Constellium, demonstrating the company's commitment to provide high-quality recycled solutions for its customers and to support their sustainability goals. Constellium's new recycling center in Neuf-Brisach adds 130,000 metric tons of aluminium recycling capacity annually, bringing Constellium's global recycling capacity to approximately 735,000 metric tons across its facilities in Europe and North America.
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LB | Hot Stocks08:13 EST LandBridge to acquire 46,000 largely contiguous surface acres for $245M - LandBridge announced it has entered into a purchase and sale agreement to acquire approximately 46,000 largely contiguous surface acres in the Southern Delaware Basin known as the Wolf Bone Ranch for total consideration of $245M in cash from a subsidiary of VTX Energy Partners, a Vitol investment, subject to customary purchase price adjustments and closing conditions. The land also supports produced water operations, with current volumes of approximately 300 MBbls/d serviced by infrastructure owned and operated by VTX Energy, as well as assets owned and managed by WaterBridge Operating, an affiliate of LandBridge and a leading water midstream platform. Pursuant to the agreement, VTX Energy has agreed to a minimum annual revenue commitment to LandBridge of $25M for the next five years. LandBridge expects to fund the purchase price of the acquisition with a portion of the net proceeds from the private placement and borrowings under its debt facilities.
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APWC | Hot Stocks08:13 EST Asia Pacific Wire & Cable Corp appoints Lu as Deputy CFO, will succeed Hsia - Asia Pacific Wire & Cable Corporation announced that James Lu, APWC's Deputy Chief Financial Officer, has been named acting Chief Financial Officer, CFO, effective immediately. The appointment follows the resignation of Ivan Hsia, CFO, who will remain with the company through November 25, 2024.
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AKTX | Hot Stocks08:11 EST Akari Therapeutics regains full Nasdaq comliance - Akari Therapeutics announces receipt of written notice from the Listing Qualifications Staff of The Nasdaq Stock Market LLC informing the Company that its deficiency under Listing Rule 5550(b) has been cured. The Company is now in full compliance with all Nasdaq continued listing requirements. Based on the foregoing, the previously scheduled Nasdaq hearing before the Hearings Panel on November 21, has been cancelled. The Company will continue to be traded on The Nasdaq Capital Market.
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CRDF | Hot Stocks08:10 EST Cardiff Oncology announces new patent with claims for onvansertib - Cardiff Oncology announced the United States Patent and Trademark Office USPTO, has issued to Cardiff Oncology U.S. patent No. 12,144,813 with an expected expiration date of no earlier than 2043. The claims of the patent cover the method of using onvansertib in combination with bevacizumab for the treatment of KRAS mutated metastatic colorectal cancer patients who have not previously been treated with bev. "We are pleased to announce the strengthening of our intellectual property portfolio for onvansertib, an important milestone in our mission to advance this innovative therapy to the first-line setting in combination with standard of care for RAS-mutated mCRC patients," said Mark Erlander, Ph.D., Chief Executive Officer of Cardiff Oncology.
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VXRT | Hot Stocks08:10 EST Vaxart reports inducement grants under Nasdaq listing rule - Vaxart announced that on November 15, 2024, the Compensation Committee of the Board of Directors granted inducement equity awards covering an aggregate of 91,500 shares of its common stock to two new non-executive employees to induce them to accept employment with Vaxart. The awards consisted of stock options to purchase an aggregate of 61,000 shares of Vaxart's common stock, which vest as to 1/4th of the total shares on the one-year anniversary of the grant date, and as to 1/48th of the total shares on each month thereafter, and have a per share exercise price equal to the closing price of Vaxart's common stock on the grant date; and restricted stock unit awards covering an aggregate of 30,500 shares of Vaxart's common stock, which vest as to 25% of the shares underlying the awards on the first, second, third and fourth anniversary of the grant date.
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IBO | Hot Stocks08:09 EST Impact BioMedical CEO says 'well-positioned' to drive long-term value - Impact BioMedical announced that Frank Heuszel, Chairman and CEO of Impact BioMedical Inc., issued a letter to Impact BioMedical shareholders, which read in part, "We closed our first quarter as a publicly traded company and wanted to address all current and future stakeholders highlighting our recent achievements, our appreciation for your support, and some additional insights into why we are excited for the future and continued success of Impact BioMedical Inc! We are pleased to share this update on the heels of significant achievements after having just filed our quarterly report for the third quarter of 2024... On September 16, 2024, IBO successfully launched its Initial Public Offering, raising $4.5 million in capital. The 1.5 million shares included in the IPO are freely tradable on the NYSE. The remaining 10 million shares issued and outstanding are restricted from trading until March 2025. This key milestone for the company provides us with resources to accelerate our research and development initiatives, expand our market presence, and enhance shareholder value. Following the IPO, our company was officially listed on the NYSE American under the ticker IBO...For the third quarter of 2024, IBO reported net income of $4,241,000, reflecting our ability to drive value. September 30, 2024 year-to-date net income stands at $2,363,000. IBO has also made considerable progress in enhancing our financial stability and shareholder value. From June 30, 2024, to September 30, 2024, our shareholder equity increased from $28.26 million to $34.56 million, marking a $6.3 million increase. This represents growth of approximately $.54 per share. Additionally, as of the end of the third quarter, the company's cash position was approximately $2.66 million, positioning us well for investment in strategic initiatives and operational needs...As part of our ongoing efforts to optimize our capital structure, we successfully restructured our long-term debt during the third quarter. This restructuring improves our financial flexibility, enabling repayment of the debt with company equity for 24 months allowing the Company to conserve cash, which will further enhance our ability to invest in growth and innovation...We are also actively collaborating with strategic partners to advance the development and funding of key assets. These partnerships are critical to driving the commercialization and monetization of our cutting-edge technologies...Moreover, we continue our pursuit of new products that have the potential to expand our portfolio and enhance the company's value proposition. Our teams are focused on advancing these promising initiatives in the pipeline...The third quarter of 2024 was a period of sturdy growth and strategic progress for Impact BioMedical Inc. With the successful IPO, strong financial performance, improved balance sheet, and continued investment in innovation, we are well-positioned to drive long-term value for our shareholders. We remain committed to executing our strategic goals and look forward to updating you on our progress as it applies to all four of our core platform technologies. To further this point, we are hosting a LIVE WEBINAR on November 20th at 4:30 pm eastern time where you will have the opportunity to hear directly from myself as well as Mark Suseck and Todd Macko, where we will provide a full update on the company including our anticipated milestones and plans for the rest of 2024 and beyond."
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WMT | Hot Stocks08:08 EST Walmart: Q3 operating income growth negatively impacted by port strikes, storms - Comments taken from Q3 earnings conference call.
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CBLL | Hot Stocks08:08 EST Ceribell appoints Rodenbush as CPO, Price as SVP of Marketing - CeriBell announced the appointments of Kristie Rodenbush as Chief People Officer, Rodenbush,, and Brian Price as Senior Vice President of Marketing, SVP of Marketing, to its leadership team. Most recently, she served as Chief People Officer of Meltwater. Price most recently served as Chief Marketing Officer of VitalConnect
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NICE | Hot Stocks08:08 EST Nice announces record membership for loyalty programs - Nice announced record membership for Club One, its exclusive, global customer loyalty program. In addition to surging membership, Club One recently surpassed 100,000 activities completed by members.
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SEM CON | Hot Stocks08:08 EST Select Medical announces distribution ratio for special stock distribution - Select Medical (SEM) announced the distribution ratio for the special stock distribution to its stockholders of its equity interest in Concentra Group (CON). Select Medical's stockholders will receive 0.806971 shares of Concentra's common stock for every share of Select Medical's common stock held as of the close of business on the record date. The distribution by Select Medical of the special stock distribution will be made on November 25 in the form of a pro rata common stock distribution to all of Select Medical's stockholders of record on the record date. The distribution is generally intended to qualify as tax free to Select Medical's stockholders for U.S. federal income tax purposes.
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GRFS | Hot Stocks08:06 EST Grifols doses first patient in Phase 1 trial of GIGA-2339 - GigaGen announced that the first patient has been dosed in a Phase 1 clinical trial evaluating the safety and tolerability of the first recombinant polyclonal drug candidate, GIGA-2339, for the treatment of hepatitis B virus (HBV) infection.
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IBRX | Hot Stocks08:06 EST ImmunityBio announces new data from QUILT 3.032 study - ImmunityBio announced new data from its ongoing QUILT 3.032 study. As of November, 100 patients with Bacillus Calmette-Guerin, or BCG-unresponsive non-muscle invasive bladder cancer with carcinoma in situ, or NMIBC CIS, have been treated with Anktiva in combination with BCG, achieving a 71% complete response rate. In these responders, the range of durable response extended to 54 months. This data update will be submitted to the European Medicines Agency in a marketing authorization application, or MAA, for Anktiva in the European Union, which is anticipated during Q4 2024. The QUILT 3.032 study is a single-arm, multicenter trial evaluating the safety and efficacy of Anktiva plus BCG in patients with BCG-unresponsive NMIBC CIS. The observed 71% CR rate aligns with previous findings reported in the New England Journal of Medicine and reinforces the therapeutic promise of this combination therapy.
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HNHPF NVDA | Hot Stocks08:06 EST Hon Hai Technology Group partners with two Taiwanese hospitals on Big A+ program - Hon Hai Technology Group (HNHPF), in partnership with two Taiwanese hospitals, has been selected for the Taiwan government-backed "Big A+" program that will give the world's largest electronics manufacturing service provider access to one of the world's most powerful supercomputers to accelerate AI-applied innovations for medicine. Foxconn teams up with Taichung Veterans General Hospital and Cardinal Tien Hospital for the "Pioneers for Innovation Leadership on Technology Program", referred to as the Big A+ program, a Ministry of Economic Affairs initiative. The selection means Foxconn and its partner hospitals will be able to access the Nvidia (NVDA) Taipei-1 supercomputer and are the only candidates so far approved to use its accelerated computing power.
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AIM | Hot Stocks08:05 EST AIM ImmunoTech announces data pubished on Part 1 study on Ampligen - AIM ImmunoTech announced that data were published on Roswell Park Comprehensive Cancer Center's Phase 1 study evaluating AIM ImmunoTech's drug Ampligen as a component of a chemokine-modulating (CKM) regimen in early-stage triple-negative breast cancer, TNBC,. Results of the study were reported in The Journal for ImmunoTherapy of Cancer. "We are very excited with these promising results from our study of a new treatment combination for patients with this most highly aggressive form of breast cancer, triple-negative breast cancer," said study principal investigator Shipra Gandhi, MD, Associate Professor of Oncology and staff physician in the Department of Medicine at Roswell Comprehensive Cancer Center. "Because this initial study was in a small number of patients, it will be important to validate these findings in a larger study."
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PFS | Hot Stocks08:04 EST Provident Financial adds six to commercial lending team - Provident Bank announced the addition of six experienced lenders in the commercial banking space: Matthew Moresco, Matthew Skilton, Gerald Bresser, Michael Valenzano, Patrick Beaner, and Daniel Decker. These strategic hires come as part of the company's efforts to strengthen its presence and commitment to businesses throughout eastern Pennsylvania. Matthew Moresco, joining as Senior Vice President, Commercial Banking Team Leader, was most recently an SVP at Republic Bank and previously with Commerce Bank and TD Bank. Matthew Skilton, joining as Senior Vice President, Commercial Banking Team Leader, is a former SVP at Republic Bank where he led a team of commercial bankers in the City of Philadelphia and Metro Philadelphia markets. Gerald Bresser, joining as Vice President, C&I Relationship Manager, is an experienced Commercial Lender with more than two decades of expertise at Republic Bank, TD Bank and Commerce Bank. Michael Valenzano, joining as a Vice President, C&I Relationship Manager, is a former Assistant Vice President and Relationship Manager at Republic Bank. Patrick Beaner, joining as a Vice President, CRE Relationship Manager, is a seasoned commercial real estate lender formerly from Univest Bank & Trust Co. Daniel Decker, joining as a Vice President, CRE Relationship Manager, brings more than 35 years of industry experience to the team. Most recently, he was a Vice President and CRE relationship manager with Truist Bank.
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BKKT | Hot Stocks08:03 EST Bakkt issues statement on transaction rumors - Bakkt announced that it is aware of the rumors that appeared in the financial press regarding a potential transaction involving the company. It is the company's policy not to comment on market rumors or speculation.
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UAL | Hot Stocks08:03 EST United Airlines says bookings to European destinations up ~30% vs. 2019 - United reported bookings to European destinations are up nearly 30% compared to 2019 and up almost 10% versus last year, as more Americans opt to spend their holiday dollars on experiences. According to a recent Deloitte survey, consumer spending on holiday experiences is expected to rise 16% this year, while spending on physical gifts remain flat. United expects the 2024 holiday period to be its busiest yet, with around 25M passengers, up 6% from 2023.
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RSSS | Hot Stocks08:02 EST Research Solutions appoints Sefton Cohen as Chief Revenue Officer - Research Solutions appointed Sefton Cohen as Chief Revenue Officer. Cohen joins Research Solutions from Suralink, where he served as Chief Revenue Officer. Previously, as CRO at RapidRatings, he led the commercial transformation that culminated in a $240M private equity exit. His experience also includes executive roles at Medidata Solutions and Qubit.
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FRSX | Hot Stocks07:58 EST Foresight says 3D perception tech to comply with Trump administration regulation - Foresight Autonomous Holdings announced that its stereoscopic 3D perception systems would likely comply with the strategic initiative of the impending Trump administration's recent publicly stated commitment to establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation. The company said, "We believe that the Company's existing 3D perception systems, leveraging a unique combination of visible-light and thermal long-wave infrared stereoscopic cameras, offer superior detection capabilities, making it well-suited for integration as the primary sensor suite in autonomous vehicles. By developing advanced vision technologies that provide precise environmental mapping and object detection, Foresight aims to meet the emerging standards and capitalize on new opportunities created by the impending Trump administration's supportive approach to autonomous vehicle development. The current federal regulatory framework presents substantial challenges for companies aiming to deploy large-scale fleets of fully autonomous vehicles, particularly those without traditional control interfaces. This new initiative aims to address the existing regulatory hurdles while ensuring public safety and promoting innovation in the rapidly evolving autonomous vehicle sector. The impending Trump administration's expected proactive approach reflects a commitment to creating an environment that supports the advancement and integration of autonomous driving technology within the United States transportation sector."
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MEOH | Hot Stocks07:52 EST Methanex announces offering of senior unsecured notes - Methanex has launched an offering of $500 million aggregate principal amount of senior unsecured notes due 2032 in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended. The notes will be guaranteed on a senior basis by Methanex. Methanex intends to use the net proceeds from the Offering to fund a portion of the cash purchase price of its previously announced agreement to acquire OCI Global's international methanol business. The notes will be subject to a special mandatory redemption if either the OCI Acquisition is not completed within the time period required by the related acquisition agreement, as it may be extended or Methanex publicly announces that it will not proceed with the OCI Acquisition for any reason, as further described in the terms of the notes.
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SCPX | Hot Stocks07:35 EST Scorpius Holdings launches Scorpius Ventures - Scorpius announced the launch of Scorpius Ventures, a new business unit designed to support emerging biotech companies with a flexible American onshoring model. By combining service fees with an equity stake, Scorpius Ventures lowers financial barriers for its partners to onshore production of their biologics, creating a mutually beneficial pathway to accelerate biotech advancements. "At Scorpius, we're committed to enabling biotech innovation by aiming to reduce financial obstacles and creating true partnerships," said Jeff Wolf, CEO of Scorpius Holdings. "Through Scorpius Ventures, we're providing biotech companies the resources they need to advance critical therapies through a hybrid fee and equity model, thereby, fostering shared success while advancing our mission to strengthen U.S. biosecurity and manufacturing independence."
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AYRWF | Hot Stocks07:34 EST Ayr Wellness launches Later Days fruit-flavored vape collection - AYR Wellness announced an expansion of its Later Days brand to now include a line of pocket-friendly vapes packed with smooth, refreshing flavors. Patients and adult-use customers in Massachusetts, New Jersey, Nevada and Ohio can begin exploring AYR's newest vape offering beginning November 25th, with additional markets to follow at a later date. This collection of compact disposables offers a familiar and discrete delivery system, a 280mAh battery for long-lasting sessions, a USB-C charging port for rapid power-ups and an oil window to always let you know when you're low. Later Days Vapes are launching with a selection of five delicious flavors including Sweet Strawberry, Juicy Mango, Frozen Watermelon, Winter Mint and Georgia Peach. The easy-to-use devices will initially be available in a 1g size in all states, with a 2g size launching in New Jersey and Massachusetts in early 2025.
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TZUP | Hot Stocks07:34 EST Thumzup to soon offer payments in Bitcoin - Thumzup Media announced it will soon offer payments in Bitcoin to its gig economy workforce through its recently launched Account Specialist Program, ASP. This move reflects Thumzup's commitment to innovative compensation solutions and its recognition of the growing demand for cryptocurrency payments among gig workers.
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ZENA | Hot Stocks07:33 EST ZenaTech to pursue series of acquisitions to launch Drone-as-a-Service - ZenaTech will pursue a series of acquisitions to launch its Drone-as-a-Service operations. These acquisitions have the potential to dramatically increase company revenue and will underpin its Drone-as-a-Service business by integrating ZenaDrone's drone technology into the target company operations. The DaaS business model allows business customers such as farmers, oil and gas companies, environmental firms, or government departments to utilize a complete drone solution for a specific application- i.e., a crop management, inspection, safety, or compliance application, and purchase it on a pay-as-you-go basis rather than having to buy the entire drone hardware and software solution. This business model provides cost-effective access to the enhanced productivity benefits and AI capabilities offered by drone technology to optimize operations and eliminate manual processes. ZenaDrone's multifunction AI drones will be offered in the DaaS business model both directly by the company and through its business partners. ZenaTech has secured financing for this series of acquisitions from current shareholders.
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META | Hot Stocks07:33 EST Meta's Instagram to let users 'reset' content recommendations - Meta's Instagram says it is testing a way for people to reset the content recommendations they see in Explore, Reels and Feed when they want a fresh start. This feature builds on tools it already offers that let people curate what they see in their recommendations. "We want to make sure everyone on Instagram - especially teens - has safe, positive, age-appropriate experiences and feels the time they're spending on Instagram is valuable. In addition to providing built-in protections from sensitive content with Teen Accounts, we want to give teens new ways to shape their Instagram experience, so it can continue to reflect their passions and interests as they evolve." Instagram said it recognizes that parents "are concerned that their teens might see mature or inappropriate content online, which is why we have stricter rules around the kinds of content teens can see on our apps. In addition to removing content completely when it breaks our rules, we take steps to help prevent teens from seeing content that may be sensitive or mature. We avoid recommending it, and in some cases we hide it from teens altogether, even if it's shared by someone they follow." Reference Link
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ELBM | Hot Stocks07:33 EST Electra Battery secures 10-year exploration permit for Idaho properties - Electra Battery Materials announce that it has secured a 10-year exploration permit for its Idaho copper and cobalt properties, including its Iron Creek project, in the Idaho Cobalt Belt, U.S.A. Covering 91 designated drill pad locations and hundreds of potential drill targets, this long-term permit enhances project certainty, offers greater planning flexibility, and significantly reduces administrative requirements compared to annual permits. Approved by the U.S. Forestry Service, this permit enables Electra to advance its exploration of critical mineral resources essential to the U.S. economy across the Iron Creek Deposit, the Ruby Project, as well as the neighboring CAS and Redcastle option agreement properties
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CME | Hot Stocks07:32 EST CME Group to launch mortgage rate futures in January 2025 - CME Group announced it will expand its interest rate complex with the addition of Mortgage Rate futures in January 2025, pending regulatory review.
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CBUS | Hot Stocks07:32 EST Cibus, Biographica enter collaboration using AI to advance canola, oilseed rape - Cibus and Biographica are pleased to announce a collaborative pilot project focused on advancing disease resistance in oilseed rape and Canola. This partnership leverages Biographica's proprietary platform to identify and prioritize targets for gene editing, aiming to develop resistance against critical diseases impacting crop health, yield and quality. Under this agreement, Biographica will utilize its cutting-edge AI and machine learning technology to analyze gene targets associated with disease resistance in oilseed rape and Canola and set the stage for future crop improvement strategies.
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SNGX | Hot Stocks07:31 EST Soligenix forms European Medical Advisory Board - Soligenix announced the formation of a European Medical Advisory Board to provide additional medical/clinical strategic guidance to the company as it advances its confirmatory Phase 3 multicenter, double-blind, placebo-controlled study evaluating the safety and efficacy of HyBryte in the treatment of cutaneous T-cell lymphoma patients with early-stage disease. This confirmatory, 18-week study is expected to enroll approximately 80 patients in the United States and Europe, and is targeted to begin patient enrollment by the end of 2024 with top-line results anticipated in the second half of 2026.
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ATHE | Hot Stocks07:26 EST Alterity Therapeutics appoints Abby Macnish Niven as secretary - Alterity Therapeutics has announced the appointment of Abby Macnish Niven as Alterity's Company Secretary following her appointment as CFO of Alterity. Ms Macnish Niven assumes the role of Company Secretary from Mr Phillip Hains effective on 18 November 2024. Macnish Niven was appointed as CFO on 30 September 2024 and has extensive experience in private wealth management with groups including ANZ, UBS and Ord Minett.
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TRNR | Hot Stocks07:20 EST Interactive Strength says Armah's B_FIT installs CLMBRs in three locations - Interactive Strength announced that, Armah Sports Group's B_FIT is installing CLMBRs across three of the brand's nine locations in Saudi Arabia.
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WHGOF... | Hot Stocks07:18 EST White Gold announces updated MRE for White Gold project - White Gold (WHGOF) announce an updated Mineral Resource Estimate for its flagship White Gold project located approximately 95 km south of Dawson City in west-central Yukon, Canada. The updated mineral resource includes a significant increase in total gold ounces, including a 18.5% increase in inferred resources and an 4.3% increase in indicated resources. The White Gold project now comprises 1,203,000 ounces of gold in the Indicated Resource category and 1,116,600 ounces of gold in the Inferred Resource category at $2,000/oz gold. The gold resources at the White Gold Project are near surface, almost entirely captured within an open pit, and remain open for expansion in multiple directions with additional opportunities to increase total resources via targets within close proximity. Additional increases to the size of the resource may also be possible through an ongoing analysis of the resource block model and by capturing additional ounces hosted within the Target for Further Exploration area which hosts an additional estimated 10 - 12 million tonnes grading between 1 - 2 g/t Au. These results form part of the Company's work program supported by strategic partners including Agnico Eagle Mines (AEM) and Kinross Gold Corporation (KGC). "We are very pleased to have further increased the size of our robust flagship deposit which is one of the highest-grade open pit gold resources in Canada of this size or greater owned by an exploration company. Furthermore, significant additional resource growth potential exists on the deposits themselves, as well as in the surrounding areas which has seen only limited exploration and has strong prospectivity for new discoveries. We are also very encouraged by the overall prospectivity of our district scale land package for additional gold and other mineral resource discoveries as this area of Yukon continues to evolve as an emerging Canadian mining camp supported by ongoing mine development efforts, infrastructure initiatives and other investment," stated David D'Onofrio, CEO. Highlights: Updated MRE includes four gold deposits - Golden Saddle, Arc, Ryan's Surprise and VG located within close proximity and includes: 17.660 million tonnes of Indicated Resources averaging 2.12 grams per tonne gold for 1.203 million ounces of gold, representing 52% of total resources. 24.472 million tonnes of Inferred Resources averaging 1.42 grams per tonne gold for 1.117 million ounces of gold, representing 48% of total resources. Inferred and Indicated Mineral Resources have increased by 18.5% and 4.3% respectively, compared to the previous 2023 MRE, 97.5% of the resources are near surface and within an open-pit. Indicated Resources of 1.201 million ounces of gold averaging 2.12 grams per tonne gold and open-pit Inferred Resources of 1.061 million ounces of gold averaging 1.38 grams per tonne gold. Mineralization at the Golden Saddle, Arc, Ryan's Surprise and VG deposits all remain open along strike and down dip to further expand the deposits and in addition to multiple underexplored targets in close proximity. The project also hosts an additional estimated 10 - 12 million tonnes grading between 1 - 2 g/t Au of material classified as a Target for Further Exploration which has not been included in the current resource which may further increase the size of the resource and is currently being evaluated in this regard. The Company is also currently evaluating additional opportunities to further increase the size of the resources by optimizing the block model and wireframes of the Golden Saddle and Arc deposits to add additional tonnage. Additional results from the Company's 2024 work program to be released in due course.
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EVGO | Hot Stocks07:17 EST EVgo expands partnership with Meijer for up to 480 new fast charging stalls - EVgo announced an expansion to its longstanding partnership with Meijer, a Midwest grocery retailer, to bring more public fast charging infrastructure to Meijer store locations throughout its six-state footprint. As part of this expanded relationship, EVgo plans to deploy up to 480 new public fast charging stalls at Meijer properties across Michigan, Illinois, Wisconsin, Indiana, Ohio, and Kentucky. To date, EVgo has opened 24 public fast charging stalls at six Meijer stores in Michigan and Ohio, and as part of the expanded partnership, the Company expects to open up to 30 new stations at Meijer stores by the end of 2026, and 30 more stations by the end of 2027.
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AYASF | Hot Stocks07:16 EST Aya Gold & Silver reports drill results at Zgounder Silver Mine - Aya Gold & Silver reports additional high-grade silver drill results from its at-depth drill exploration program at the Zgounder Silver Mine in the Kingdom of Morocco. "Today's high-grade drill results, including hole DZG-SF-24-172, show good continuity of high-grade silver mineralization at Zgounder," stated Benoit La Salle, President & CEO. "The multiple silver-rich intersections within and around the pit area could lead to an increase of the open pit mining rate. Furthermore, the high-grade intercept at the western extremity, together with the previously announced ZG-SF-24-141 at the western boundary of the fault, highlight the potential for additional resource expansion. With four underground, two surface, and one RC rig currently active, we anticipate a steady flow of results in the coming months to further advance our understanding and resource growth potential at Zgounder."
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BX | Hot Stocks07:15 EST Blackstone to acquire majority stake in Jersey Mike's, terms undisclosed - Jersey Mike's Subs announced it has reached an agreement whereby private equity funds managed by Blackstone will acquire a majority ownership position in Jersey Mike's. Jersey Mike's founder and CEO Peter Cancro will maintain a significant equity stake and continue to lead the business. The partnership with Blackstone is intended to help enable Jersey Mike's to accelerate its expansion across and beyond the U.S. market, as well as its continued investment in technology and digital transformation. The transaction is expected to be completed in early 2025 subject to the satisfaction of certain closing conditions, including applicable regulatory approvals. Blackstone's private equity strategy for individual investors is also expected to invest as part of the transaction.
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PYR | Hot Stocks07:15 EST PyroGenesis signs initial energy transition contract with steelmaker - PyroGenesis announces that it has signed a contract with one of the three largest steelmakers in the world to assess the applicability of PyroGenesis' fully electric plasma torches for use in part of the customer's electric arc furnace, EAF, steelmaking and casting process. The client has previously been referred to as Client C and is one of the world's largest companies in both steelmaking and iron ore pelletization. The client's name shall remain anonymous for competitive and confidentiality reasons. The project agreement outlines the steps for analyzing plasma torches in support of the client's energy-transition goals, with a duration of approximately 60-90 days, commencing in Q4 2024.
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ADUR | Hot Stocks07:14 EST Aduro Clean Tech announces its engagement of Zeton - Aduro Clean Technologies announces its engagement of Zeton. Zeton and Aduro will design, build, and commission a pilot plant for Aduro's proprietary Hydrochemolytic Technology, marking a key milestone in Aduro's commercialization pathway for transforming waste plastics into valuable chemicals. Previously referred to as the "Next Generation Process," this 10 kg/hour HCT Pilot Plant represents Aduro's evolved focus on right-sized, modular, and scalable solutions. A key objective for 2024 has been the completion of the pilot plant design, which remains on schedule. Fabrication, delivery, installation, and commissioning are targeted for Q3 2025. Concurrently, site preparation, staff training, and materials sourcing are progressing to ensure alignment with the project timeline.
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ROK MSFT | Hot Stocks07:13 EST Rockwell Automation, Microsoft announce expanded strategic collaboration - Rockwell (ROK) and Microsoft (MSFT) announced an expanded strategic collaboration aimed at revolutionizing industrial transformation. Together, the companies will provide manufacturing customers with advanced cloud and AI solutions that deliver data insights, streamline operations and enhance scalability - driving operational efficiency and sustainable growth across the industry. This shared vision is supported by several new releases that will be previewed this week as Microsoft joins Rockwell as an exhibiting sponsor at the Automation Fair from Nov. 18-21 in Anaheim, California. This relationship combines Rockwell's automation expertise with Microsoft's cloud and AI capabilities.
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CMMB | Hot Stocks07:12 EST Chemomab highlights clincial activity of CM-101 at The Liver Meeting 2024 - Chemomab Therapeutics announced that data from its Phase 2 SPRING trial in patients with primary sclerosing cholangitis was presented at the American Association for the Study of Liver DiseaseThe Liver Meeting 2024. In the oral, late-breaking presentation, "CM-101 improved fibrosis biomarkers in patients with primary sclerosing cholangitis: The Phase 2 SPRING Study," Professor Christopher Bowlus, MD, FAASLD, a SPRING trial investigator and the Lena Valente Professor and Chief of the Division of Gastroenterology and Hepatology at the University of California Davis School of Medicine, discussed data from the double-blinded, placebo-controlled portion of the Phase 2 SPRING trial assessing CM-101 in patients with PSC. The Phase 2 SPRING study tested two doses of CM-101 administered to PSC patients every three weeks over 15 weeks. A total of 76 patients were treated in the trial. The study analysis included assessments of all patients who completed all doses and the week 15 visit, as well as a prespecified subgroup analysis of moderate/advanced patients with a higher risk of more rapidly progressing disease. CM-101 met the SPRING trial primary endpoint, demonstrating a favorable safety profile over the 15-week treatment period. Adverse events were generally mild/moderate and distributed similarly between the placebo and CM-101-treated dosing arms. Overall, dose-dependent responses were observed for multiple disease-related biomarker secondary endpoints. A consistent pattern of greater improvement on the secondary endpoints was observed in the study arm receiving the higher 20 mg/kg dose of CM-101 and in the subgroup of PSC patients with moderate/advanced disease. Secondary endpoint data included the following: Liver stiffness: Liver stiffness measured by FibroScan improved in all CM-101 treated patients compared to placebo and significantly improved in CM-101-treated patients with moderate/advanced disease. ELF scores: This composite score consistently improved over the treatment period in patients with moderate/advanced fibrosis treated with 20 mg/kg of CM-101 compared to patients receiving placebo. Patients receiving the higher dose of CM-101 with moderate/advanced disease also showed statistically significant reductions at week 15 in the fibrosis-related ELF components procollagen III N-terminal peptide and tissue inhibitor of metalloproteinase 1. PRO-C3: This serum biomarker of type III collagen synthesis was reduced in all CM-101-treated patients and showed greater reductions in patients with moderate- advanced disease. Liver biochemistries: A consistent pattern of decline was seen in CM-101 20 mg/kg treated-patients compared to placebo and a greater decline was seen in patients with moderate/advanced disease. Bilirubin: The dose-dependent improvement in total bilirubin levels seen in CM-101-treated patients provides evidence for the anti-cholestatic activity of CM-101. Pruritis: CM-101-treated patients experienced decreased pruritus scores across all timepoints compared to placebo. In conclusion, Dr. Bowlus noted that CM-101 was well tolerated and had a safety profile comparable to placebo, and it demonstrated dose-dependent anti-inflammatory, anti-fibrotic and anti-cholestatic effects in patients with PSC. PSC patients with moderate to advanced disease treated with CM-101 showed broad and consistent improvement in biomarkers associated with clinical outcomes. He concluded that these findings support further clinical development of CM-101 in patients with PSC. An open label extension portion of the Phase 2 SPRING trial, in which all eligible patients can receive CM-101 for an additional 33 weeks, is continuing, with results expected to be reported in the first quarter of 2025.
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HOOD | Hot Stocks07:12 EST Robinhood to acquire RIA platform operator TradePMR - Robinhood Markets announced it has entered into an agreement to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors, or RIAs. "With over 25 years in the industry and over $40 billion in assets under administration, TradePMR will enhance Robinhood's offering for customers by delivering a top-ranked1 RIA custody and portfolio management platform that connects financial advisors to a new generation of investors," Robinhood stated. "The TradePMR team has one of the strongest RIA networks in the industry. We're excited to join forces to build a category-defining advisory platform for the next generation," said Vlad Tenev, Chairman and CEO at Robinhood. Final deal consideration is expected to be approximately $300M, subject to customary purchase price adjustments, consisting of a mix of cash and stock. The acquisition is expected to close in the first half of 2025, subject to customary closing conditions, including regulatory approvals. Reference Link
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JL | Hot Stocks07:11 EST J-Long Group announces receipt of NASDAQ determination letter - J-Long Group announced receipt of a letter from the Listing Qualifications Department of The Nasdaq Stock Market. The Determination Letter indicated that, as previously notified by Nasdaq on May 13, 2024, the bid price of the Company's listed security had closed at less than $1 per share over the previous 30 consecutive business days and, as a result, did not comply with Listing Rule 5550(a)(2). In accordance with the Rule, the Company was provided 180 calendar days, or until November 11, 2024, to regain compliance with the Rule. The Staff determined that the Company's Ordinary Shares would be scheduled for delisting from The Nasdaq Global Market and would be suspended at the open of business on November 25, 2024. The Determination Letter further informed the Company that it had until 4:00 p.m. Eastern Time on November 25, 2024, to appeal the Staff's Delisting Determination to a Hearings Panel. At this time, the Company is considering effecting a reverse stock split to regain compliance. The Company's Ordinary Shares will continue to trade on The Nasdaq Global Market following the submission of the hearing request until a final determination has been made by Nasdaq.
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WMT | Hot Stocks07:10 EST Walmart says U.S. in-store volumes grew - "We had a strong quarter, continuing our momentum. Our associates are working hard to save people time and money and to transform our business. In the U.S., in-store volumes grew, pickup from store grew faster, and delivery from store grew even faster than that. Our teams are executing and delighting our customers and members with the value and convenience they expect from Walmart," said Doug McMillon, president and CEO, Walmart.
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SATS | Hot Stocks07:10 EST EchoStar subsidiary Hughes selected by U.S. Army to deploy 5G Open RAN - EchoStar's subsidiary Hughes Network was awarded a $6.5M contract to deploy a 5G Open Radio Access Network - RAN - prototype at Fort Bliss in El Paso, Texas. The network will feature a RAN Intelligent Controller, which will allow the U.S. Department of Defense (DoD) to test RIC-based software applications for military networks. The 5G Open RAN prototype equipment will be installed on Fort Bliss to operate a temporary network for evaluation purposes, which will then transition to serve as part of the Hughes commercial network supporting both DoD and commercial customers in and around Fort Bliss.
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ACHL | Hot Stocks07:09 EST Achilles Therapeutics receives approval to transfer to Nasdaq Capital Market - Achilles Therapeutics announced that on November 15, 2024, the Listing Qualifications department of the Nasdaq Stock Market approved the Company's request to transfer the listing of the Company's American Depositary Shares from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer is expected to take effect at the opening of business on November 19, 2024. The transfer of the Company's listing to the Nasdaq Capital Market is not expected to have any impact on trading in the Company's ADSs. The Company's ADSs will continue to trade under the symbol "ACHL." The approval by Nasdaq was conditioned upon the Company meeting the applicable market value requirement of publicly held shares for continued listing and all other applicable requirements for listing on the Nasdaq Capital Market. As previously disclosed, on May 17, 2024, the Company received a letter from Nasdaq indicating that the Company was not in compliance with Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the ADSs had been below $1.00 per ADS for the previous 30 consecutive business days. The Company was given a period of 180 calendar days to regain compliance with the minimum bid price requirement. In response, the Company submitted an application to transfer the listing of its ADSs from the Nasdaq Global Market to the Nasdaq Capital Market. As a result of the transfer to the Nasdaq Capital Market, the Company will be eligible for an additional 180 calendar days to regain compliance with the requirements set forth in Nasdaq Listing Rule 5450(a)(1) that the bid price of the Company's shares meet or exceed $1.00 per share for at least ten consecutive business days. The Company intends to continue to actively monitor the minimum bid price requirement and, as appropriate, will consider available options to resolve any deficiencies and regain compliance.
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OCGN | Hot Stocks07:09 EST Ocugen announces preliminary efficacy, safety data from Phase 1/2 OCU410 trial - Ocugen announced positive preliminary efficacy and safety data from the Phase 1 dose-escalation portion of the Phase 1/2 OCU410 ArMaDa clinical trial for geographic atrophy, GA, secondary to dry age-related macular degeneration, dAMD. Key findings include: no drug-related serious adverse events, reduced lesion growth, preservation of retinal tissue, and-most importantly-there was a positive effect on the functional visual measure of low luminance visual acuity, LLVA. The OCU410 Phase 1 trial is evaluating nine patients in three dose cohorts. The following data was observed for the three patients in the low dose cohort at six months: Considerably slower lesion growth from baseline in treated vs. untreated fellow eyes that followed the natural history of the disease. This result is favorable when compared to published data on pegcetacoplan injected every month or every other month over six months. OCU410 treatment showed increasing preservation of retinal tissue around the GA lesions of treated eyes over six months, which also compared favorably to published data on pegcetacoplan given monthly and every other month. 100% of the OCU410 treated eyes showed stabilization of visual function demonstrating treatment benefit as measured by LLVA.
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SWDCF | Hot Stocks07:08 EST OTC Markets Group welcomes Swedencare AB to OTCQX - OTC Markets Group announced SWEDENCARE AB has qualified to trade on the OTCQX Best Market. SWEDENCARE AB upgraded to OTCQX from the Pink market.
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OPRA SPOT | Hot Stocks07:07 EST Opera and Spotify partner for music streaming within Opera One browser - Opera (OPRA) and Spotify (SPOT) have partnered to make it easier for users to listen to music, podcasts, and audiobooks while browsing on their computers. Spotify becomes the default streaming service within the upgraded Music Player in Opera's flagship browser, Opera One. Opera users are also getting the chance to try out Spotify Premium for free for a limited time. Presently available just within Opera One, the promotion will be expanded to Opera for Android in early 2025. The new music player with Spotify as the default streaming service is located in the sidebar of the Opera One browser. The feature also caters to users who often join meetings or calls: the audio playing inside the browser automatically fades out, pauses for the duration of the call, and resumes thereafter.
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AIM | Hot Stocks07:06 EST Kellner Group urgers stockholders of AIM Immunotech to vote for nominees - Ted Kellner, as the nominating stockholder and a nominee, together with his other nominees, Todd Deutsch, Robert L. Chioini and Paul W. Sweeney issue the following statement in connection with their efforts to bring accountability to the entrenched, incumbent Board of Directors of AIM Immunotech and finally start creating value for stockholders. Kellner says, "The Incumbent Board's Breach of Fiduciary Duties, Gross Waste of Corporate Assets and Lack of Transparency are Disqualifying... The Kellner Group Nominees offer a path forward to finally creating value for AIM stockholders... Stockholders must act now and vote for change before it is too late. The Incumbent Board Does Not Want Stockholders to Focus On Its Complete and Total Failure... The incumbent Board would like stockholders to believe they have made progress, but the free falling stock price, the stagnant clinical program and the desperate financial condition tell a different story... The Incumbent Board Has No Plan and Will Not Change... The Kellner Group Nominees Are the Only Option to Turn Around AIM"
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TLSA | Hot Stocks07:03 EST Tiziana Life Sciences announces ALS trial grant awarded by ASL Association - Tiziana Life Sciences announced that its grant application to the ALS Association has been approved for funding. The grant is awarded as part of the Hoffman ALS Clinical Trial Awards Program and is titled "Modulation of ALS neuroinflammation by nasal anti-CD3 monoclonal Antibody". The Association's grant will fund a 20-patient clinical trial of two doses of Tiziana's novel and patented therapeutic candidate, intranasal foralumab, aimed at evaluating the safety and early-stage parameters of disease improvement in Amyotrophic Lateral Sclerosis, ALS, also known as Lou Gehrig's disease.
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LH BGNE | Hot Stocks07:03 EST Labcorp CFO Glenn Eisenberg to retire, Julia Wang to succeed - Labcorp (LH) announced that Executive Vice President and CFO Glenn Eisenberg will retire from the company and Julia Wang will join on December 2, as Executive Vice President and CFO. Eisenberg will remain at Labcorp as Special Advisor to the CEO through April 2025 to ensure a seamless transition of his current role and assist with strategic initiatives underway within the company. Wang brings deep global strategic and financial experience across the diagnostic, pharmaceutical/biotech, medical device and consumer products industries. Most recently, Wang served as CFO of BeiGene (BGNE), which she joined in June 2020 as Senior Vice President, Enterprise Optimization and Deputy CFO.
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VVV | Hot Stocks06:59 EST Valvoline to refranchise 38 Valvoline Instant Oil Change service center - Valvoline announced it intends to refranchise 38 existing Valvoline Instant Oil Change service centers to a new franchisee, Velocity Auto Care. The service centers are located in Austin, San Antonio, El Paso and west Texas. The new franchise partner, Velocity Auto Care, is a wholly owned portfolio company of Franchise Equity Partners which owns a portfolio of 10 different franchise companies operating quick-service restaurants, residential home services, auto dealerships, and more. In total, Franchise Equity Partners operates more than 750 storefronts across 33 states. This transaction will be the third refranchising initiative by Valvoline Inc. The company completed two transactions in fiscal year 2024, converting a total of 28 company stores to franchise in the growing markets of Las Vegas and Denver.
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ENR | Hot Stocks06:57 EST Energizer announces new 7.5M share stock repurchase program - The board has approved a new share repurchase program for up to 7.5M shares. This replaced the prior authorization that was outstanding.
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VFS | Hot Stocks06:53 EST VinFast Auto begins Canadian deliveries of VF 9 all-electric SUV - VinFast Auto has officially commenced delivery of its flagship VF 9 all-electric, 7-passenger, 3-row dual motor all-wheel drive SUV to Canadian customers. The vehicle offers an EPA-estimated range of 518 kilometres for the Eco model and 462 kilometres for the Plus model.
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CTRN | Hot Stocks06:48 EST Citi Trends names Ken Seipel as CEO - Citi Trends announced the Board of Directors has appointed Ken Seipel as CEO, effective November 18. Seipel has been serving as the Interim CEO of Citi Trends since June 1, and on the Board of Directors since 2019. Concurrently, the Board appointed Peter Sachse, the current Executive Chairman of the Board, as Chairman of the Board. Ken is a Senior Retail Executive with experience in public and private equity backed ownership companies along with Fortune 500 retail company background. A seasoned, multi-functional general manager / leader, with experience in large scale growth, concept development, expansion and business turn-around, Ken most recently served as Interim CEO of Citi Trends and as a member of the Board of Directors of Citi Trends since 2019 serving as the Chairman of the Nominating and Corporate Governance Committee, and member of the Audit and Finance Committee.
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MRK | Hot Stocks06:47 EST Merck announces 'positive' results from Phase 3 MK-3475A-D77 trial - Merck announced positive topline results from the pivotal Phase 3 MK-3475A-D77 trial. The trial is evaluating the noninferiority of subcutaneous administration of pembrolizumab, Merck's anti-PD-1 therapy, available for intravenous use as KEYTRUDA, together with berahyaluronidase alfa, a hyaluronidase variant developed and manufactured by Alteogen, administered with chemotherapy versus intravenous KEYTRUDA administered with chemotherapy for the first-line treatment of adult patients with metastatic non-small cell lung cancer. The Phase 3 trial met its dual primary pharmacokinetic endpoints. Specifically, subcutaneous pembrolizumab administered every six weeks with chemotherapy demonstrated noninferiority of Area Under the Curve exposure of pembrolizumab during the first dosing cycle, and trough concentration of pembrolizumab measured at steady state, compared to IV KEYTRUDA administered every six weeks in combination with chemotherapy. Additionally, secondary endpoints of efficacy and safety were generally consistent for subcutaneous pembrolizumab administered with chemotherapy compared with IV KEYTRUDA administered with chemotherapy. These results, as well as those from ongoing analyses, will be presented at an upcoming medical meeting and shared with regulatory authorities worldwide.
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WBD | Hot Stocks06:37 EST Warner Bros. Discovery, NBA confirm agreement to expand partnership agreement - The National Basketball Association and Warner Bros. Discovery announced Monday that they have reached an agreement that will extend their long-standing media partnership an additional 11 years. Per the terms of the agreement, the NBA and Warner Bros. Discovery will expand their business partnership including several components that will promote NBA content and accelerate the global growth and reach of TNT Sports and its leading sports digital brands Bleacher Report and House of Highlights. The deal also includes a reimagined and enhanced NBA Digital partnership between the NBA and TNT Sports and a full package of live game rights in a number of territories outside the U.S., strengthening WBD's global portfolio. In addition, WBD and the NBA have resolved all disputes relating to the NBA's recent media agreements. TNT Sports and its portfolio of brands will receive a global license to create, produce and distribute new and existing NBA content across its platforms. The agreement includes expanded global content and highlight rights for TNT Sports, Bleacher Report and House of Highlights, with the ability to produce and distribute NBA content across the WBD portfolio, along with meaningful promotion, sales and creative commitments across both NBA and WBD platforms. TNT Sports will continue to fully create and produce Inside the NBA, and TNT Sports will now televise an exclusive slate of Big 12 football and men's basketball with the 2025 season. "Together these agreements ensure fans will continue to enjoy TNT's Inside the NBA and create tremendous value for our entire portfolio as we accelerate the growth of TNT Sports, Bleacher Report, House of Highlights and our global sports business," said David Zaslav, CEO of Warner Bros. Discovery. "We are pleased to partner with the NBA and Disney/ESPN, and to have solidified long-term rights and revenue for WBD." Reference Link
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AVAV | Hot Stocks06:35 EST AeroVironment to acquire BlueHalo in all-stock transaction with EV $4.1B - AeroVironment and BlueHalo announced the execution of a definitive agreement under which AV will acquire BlueHalo in an all-stock transaction with an enterprise value of approximately $4.1B, creating a more diversified global leader in all-domain defense technologies. The combined company will bring together complementary capabilities to offer a comprehensive portfolio of high-growth franchises, powered by cutting-edge technology and focused on addressing the most important priorities and needs of our nation and allies around the globe. BlueHalo estimates that it will achieve more than $900M in revenues for 2024, in addition to funded backlog of nearly $600M and a pipeline of multiple billion-dollar opportunities and programs of record. BlueHalo generated approximately $886M of revenue in 2023, compared to $759M and $660M in 2022 and 2021, respectively. The transaction, which has been unanimously approved by both companies' board of directors or managers, is expected to close in the first half of calendar 2025, subject to regulatory and AV shareholder approvals, as well as other customary closing conditions. Per the terms of the merger agreement, AV will issue approximately 18.5M shares of AV common stock to BlueHalo. Following the close of the transaction and based on AV's shares outstanding as of November 18, 2024, AV's shareholders will own approximately 60.5% of the combined company and BlueHalo's equity holders will own approximately 39.5%, subject to closing adjustments. Arlington Capital Partners, an investment firm that is the majority owner of BlueHalo, will retain a significant ownership stake in the combined company. "We expect substantially all of the BlueHalo holders to enter lock-up agreements with respect to their transaction consideration, with 40% releasing 12 months post close and the remaining 60% to be released in equal tranches 18 and 24 months after the close." Following the completion of the transaction, AV Chairman, President and CEO Wahid Nawabi will be Chairman, President and CEO of the combined company. Jonathan Moneymaker, CEO of BlueHalo, will serve as a strategic advisor to Nawabi and the combined company Management Team. Upon closing, the AV Board of Directors will be expanded to comprise 10 members. Arlington Capital Partners will have the right to appoint two directors to the Board, subject to minimum ownership thresholds. The combined company will be at headquartered in Arlington, Virginia, at AV's corporate headquarters.
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NXE | Hot Stocks06:34 EST NexGen Energy achieves permitting milestone - NexGen Energy announced a milestone in the Federal EA process for its 100% owned Rook I Project. The CNSC has provided NexGen formal confirmation that the company has successfully addressed all information requests received as part of the Federal technical review. With completion of the CNSC technical review, the next and final steps in the federal approval process include scheduling a Commission Hearing Date for the Project, subject to which the CNSC will render an approval decision on the project.
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ALE | Hot Stocks06:34 EST Allete subsidiary has fully contracted Armenia Mountain Wind site - Allete's wholly owned subsidiary Allete Clean Energy has fully contracted the output of its Armenia Mountain Wind site for another seven years through agreements with two customers. Allete Clean Energy acquired the 100.5 MW Armenia Mountain Wind site near Troy, Pennsylvania, in 2015. Armenia Mountain consists of 67 General Electric turbines installed in 2009. The other energy customer for Armenia Mountain is Old Dominion Energy Cooperative, a generation and transmission cooperative based in Virginia that serves the needs of 11 member cooperatives in Virginia, Maryland and Delaware.
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AVAV | Hot Stocks06:33 EST AeroVironment to acquire BlueHalo in all-stock transaction with EV $4.1B
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MAR | Hot Stocks06:29 EST Marriott expands branded residences portfolio in EMEA - Marriott announced growth in its branded residential portfolio in the Europe, Middle East & Africa, or EMEA, region, with 70 projects in the portfolio, including 43 projects in its signed pipeline and 27 open properties. In the past two years, the global hospitality leader has signed 26 agreements to bring branded residences to destinations in the region, more than double the amount from the preceding two years.
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GSK | Hot Stocks06:21 EST GSK announces phase III trial of linerixibat met primary endpoint - GSK announced headline results of GLISTEN, the ongoing global phase III clinical trial evaluating linerixibat, an investigational targeted inhibitor of the ileal bile acid transporter, IBAT, in adults with cholestatic pruritus associated with primary biliary cholangitis, a rare autoimmune liver disease. GLISTEN met its primary endpoint, with linerixibat resulting in an improvement in itch, as demonstrated by a statistically significant reduction from baseline in monthly itch score over 24 weeks versus placebo. The trial recruited PBC patients with moderate to severe itch, who were receiving stable doses of guideline-suggested therapies for pruritus, or were treatment naive, or had been previously treated. The preliminary safety results are generally consistent with those seen in prior studies of linerixibat. Further analysis of these data is ongoing. The full results of GLISTEN will be presented at a future scientific congress. Linerixibat is currently not approved anywhere in the world; it has been granted Orphan Drug Designation in both the US and EU.
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ZCAR | Hot Stocks06:20 EST Zoomcar launches Zoomcar Subscription for long-term car sharing options - Zoomcar introduced Zoomcar Subscription, a new service designed to provide long-term car sharing options. Through this offering, Guests can now book self-drive cars for extended periods, starting with minimum seven days to more than 30 days, benefiting from progressively lower daily rates for longer durations. Zoomcar currently operates on an hourly pricing model, optimized for short-term bookings of less than seven days. After seeing a strong demand from guests, Zoomcar Subscription was launched to offer a daily pricing model with discounts for longer bookings. Zoomcar Subscription enables Guests to browse vehicles, view discounted rates, and book for longer periods with ease.
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RIO | Hot Stocks06:18 EST Rio Tinto takes up full entitlements in ERA rights issue - Rio Tinto noted the announcement by Energy Resources of Australia in relation to the conclusion of its entitlement offer and shortfall bookbuild, which raised A$766.5M to fund planned rehabilitation activities of the Ranger Project Area. As a result of Rio Tinto taking up its pro rata entitlements in the entitlement offer and the level of participation by other ERA shareholders, Rio Tinto will hold over 98% of ERA's shares. In accordance with Rio Tinto's previously stated intentions published in ERA's entitlement offer information booklet, Rio Tinto intends to proceed under Part 6A.2 of the Corporations Act 2001 with the compulsory acquisition of all remaining ERA shares that it does not currently own. It is proposing to do so at A$0.002 per ERA share, being the same price as the entitlement offer. Rio Tinto Chief Executive, Australia, Kellie Parker said: "We remain committed to the successful rehabilitation of the Ranger Project Area to a standard that will establish an environment similar to the adjacent Kakadu National Park, a World Heritage site. Our utmost priority and commitment is to complete this important rehabilitation project in a way that is consistent with the wishes of the Mirarr People. "Proceeding with compulsory acquisition, after participating for our full entitlement in the ERA capital raising, underlines our commitment to Ranger's rehabilitation." If compulsory acquisition is completed, Rio Tinto has no intention to invest in mining or development of the Jabiluka deposit. This announcement is authorized for release to the market by Andy Hodges, Rio Tinto's Group Company Secretary.
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VIR | Hot Stocks06:15 EST Vir Biotechnology announces results from SOLSTICE trial - Vir Biotechnology announced results from the SOLSTICE Phase 2 clinical trial evaluating tobevibart alone, or in combination with elebsiran, in people with chronic hepatitis delta, or CHD. The most-advanced investigational human monoclonal antibody and siRNA combination dosed monthly achieved 100% virologic response and rapid hepatitis delta virus, or HDV, RNA suppression. HDV RNA below the lower limit of quantification, target not detected, or TND, the best measure that the virus is cleared from the body, was achieved in 41% of participants at Week 24 rising to 64% of participants by Week 36. In a cohort that reached Week 60, 80% achieved HDV RNA TND. These data were presented in an oral session at the American Association for the Study of Liver Diseases, or AASLD, The Liver Meeting, in San Diego, California. Based on these results, and following a recent meeting with the FDA, Vir Biotechnology plans to initiate the Phase 3 registrational ECLIPSE program in the first half of 2025 to further evaluate the combination of tobevibart and elebsiran for the treatment of CHD. Clinical trial participants were randomized to receive tobevibart 300 mg monotherapy every two weeks or a combination of tobevibart 300 mg and elebsiran 200 mg every four weeks. In addition, the participants from previous tobevibart or elebsiran monotherapy cohorts could rollover to receive the combination of tobevibart 300 mg and elebsiran 200 mg every four weeks. Rates of virologic suppression were evaluated at Week 24, and further assessed at Weeks 36, 48 and 60 in those participants that had reached each timepoint. Further monitoring will continue up to 192 weeks. 100% of participants across combination arms achieved an HDV RNA 2 log10 decrease or below limit of detection at Week 24, and this rate was sustained over time in all participants at Weeks 36 and those in the rollover cohort that reached Week 60. HDV RNA TND was achieved in 41% of participants across combination arms at Week 24 and this rose to 64% at Week 36. By week 60, this had risen further with 80% of participants in the rollover cohort having achieved no detectable viral RNA. Approximately 90% of participants receiving the combination achieved reductions in hepatitis B surface antigen values below less than10 IU/mL at Week 24, with sustained responses at later time points. This indicates suppression of the key biologic mechanisms that HDV requires for viral replication. Alanine aminotransferase decreased in most participants between Day 1 and Week 24 and normalized in 47% of participants in the combination de novo cohort and 56% in the rollover cohort by Week 24. These rates were sustained at Week 36. The protocol defined combined endpoint of HDV RNA decrease 2 log10 compared to baseline or HDV RNA below LOD and ALT normalization at Week 24 was observed in 47% of participants in the combination de novo arm. The more stringent composite endpoint of HDV RNA TND and ALT normalization was achieved in 19% of participants in the combination de novo arm at Week 24, which increased to 27% by Week 36. This trend was reflected in the combination rollover cohort in which 33% of participants achieved this endpoint at Week 24 and 40% at Week 60. Rates of HDV RNA suppression and ALT normalization were similar between non-cirrhotic and cirrhotic participants across combination arms. The safety profile of tobevibart and elebsiran is consistent with previous studies. Treatment-emergent adverse events were generally mild or moderate and transient across all treatment groups, with influenza-like illness being the most common event. No ALT flares were observed. There were no study-related discontinuations in the combination arms, and no treatment-related severe adverse events were reported. Following a meeting with the FDA, Vir Biotechnology finalized the design of the Phase 3 registrational clinical program, ECLIPSE, which evaluates the tobevibart and elebsiran combination in people living with CHD. This program, which will commence in the first half of 2025, will include three randomized, controlled trials designed to evaluate the combination therapy in comparison to deferred treatment or bulevirtide. All studies will enroll both cirrhotic and non-cirrhotic participants. ECLIPSE 1 and 2 are Phase 3 trials designed to provide the registrational efficacy and safety data needed for submission to global regulatory agencies. ECLIPSE 3 is a Phase 2b trial designed to provide important supportive data, particularly in Europe, to help establish appropriate pricing and reimbursement in key markets.
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BGNE | Hot Stocks06:12 EST BeiGene settles litigation against generic filer of Brukinsa - BeiGene has entered into a settlement agreement with MSN Pharmaceuticals and MSN Laboratories Private resolving patent litigation related to MSN's Abbreviated New Drug Application seeking approval to market a generic version of Brukinsa - zanubrutinib - in the U.S. Under the terms of the agreement, MSN will not be able to sell a generic version of Brukinsa earlier than June 15, 2037, subject to potential acceleration or extension under certain customary circumstances. The composition of matter patent for BRUKINSA, expiring in April 2034, was not challenged by MSN in the litigation. BeiGene and Sandoz previously filed a joint stipulation to dismiss patent litigation brought by BeiGene in response to Sandoz's ANDA seeking approval to market a generic version of Brukinsa.
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RMTI | Hot Stocks06:09 EST Rockwell Medical expands distribution in the Philippines - Rockwell Medical announced that the company entered into a distribution agreement with Nephro Group Dialysis Centers, the largest dialysis provider in the Philippines. Under the terms of the agreement, Rockwell Medical will be the exclusive supplier of all dry hemodialysis concentrates products, including its CitraPure Acid and RenalPure Bicarbonate, to Nephro Group.
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SINT | Hot Stocks06:08 EST Sintx Technologies names Gregg Honigblum as Chief Strategy Officer - Sintx Technologies is pleased to announce the appointment of Gregg Honigblum as Chief Strategy Officer. Honigblum brings over 35 years of experience as an executive for emerging growth companies, specializing in the healthcare sector. His career began on Wall Street as a stockbroker, transitioning into investment banking roles at various firms in New York City. He co-founded Creation Capital LLC and Creation Capital Advisors, investment banking firms with offices in New York and Austin, Texas, focusing on founding and funding breakthrough healthcare technologies.
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TSEM | Hot Stocks06:06 EST Tower Semiconductor begins production of 1.6Tbps optical transceivers - Tower Semiconductor announced the start of volume production of 1.6 Tbps silicon photonic products for multiple lead customers based on its latest Silicon Photonics platform. Tower's latest platform includes innovations that have helped double data rates relative to its current 800 Gpbs high-volume products. These innovations have been developed in close collaboration with several Tier 1 customers that have designed breakthrough 1.6Tbps products on this enhanced platform and have now begun to order production quantities. The process supports data rates of 200Gbps per lane, of which eight are built in parallel to achieve the total 1.6Tbps transceiver throughput. This is in contrast to the 100Gbps per lane data rates of existing high-volume silicon photonic technology as used in today's high-volume 800Gbps products.
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LODE | Hot Stocks06:05 EST Comstock Fuels amends license agreement with RenFuel K2B AB - Comstock announced the execution by its subsidiary, Comstock Fuels, of an amendment to its exclusive license agreement with RenFuel K2B AB for use of RenFuel's patented catalytic esterification process to refine Comstock Fuels' proprietary BioleumTM biointermediates. The amendment expanded the territory from North America, Central America, and South America to include Australia, New Zealand and Vietnam to facilitate ongoing project development by licensees of Comstock Fuels broader lignocellulosic biomass refining process.
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PLL | Hot Stocks06:04 EST Piedmont Lithium, Sayona Mining to combine - Piedmont Lithium and Sayona Mining announced the signing of a definitive agreement to combine the two companies to create a lithium business, resulting in Sayona being the ultimate parent entity. The transaction will result in an approximate 50%-50% equity holding of shareholders of Piedmont and Sayona in MergeCo immediately following the closing of the transaction. Piedmont will be undertaking a proposed capital raise of $27M. Sayona is undertaking a capital raise of $27M. Upon closing of the transaction, Sayona will also undertake a conditional placement for A$69M in MergeCo to Resource Capital Fund VIII. The placement is subject to completion of the transaction and requisite Sayona shareholder approval and other conditions. The equity raisings, aggregating to approximately $99M, plan to ensure MergeCo is well positioned to accelerate growth within its portfolio. Completion of the transaction is subject to shareholder approval for both companies and is expected to close in the first half of CY2025. A proxy statement containing important information about the merger will be dispatched to Piedmont shareholders and filed with the U.S. Securities and Exchange Commission prior to a Piedmont shareholder meeting to seek approval of the transaction. An Extraordinary General Meeting of Sayona shareholders is expected to be held in the first half of calendar year 2025 to seek, amongst other things, approval of the transaction. The merger agreement and the transaction have been unanimously approved by the board of directors of Piedmont. The Piedmont board of directors unanimously recommend shareholders vote in favor of the transaction and intend to vote, or procure the voting of, any Piedmont shares held by them in favor of the transaction, in each case subject to a superior proposal. The transaction will be implemented by way of an agreement and plan of merger between Piedmont and Sayona. A newly formed subsidiary of Sayona will merge with Piedmont Lithium which will result in Sayona Mining Limited being the ultimate parent entity of the merged group and will continue to be domiciled in Australia, with an ASX primary listing and a Nasdaq secondary listing of American depository shares. Under the terms of the transaction, existing holders of Piedmont Lithium shares of common stock will receive Sayona ADSs corresponding to 527 Sayona ordinary shares for each Piedmont share of common stock held and existing holders of Piedmont Lithium CHESS Depository Interests, or CDIs, will receive 5.27 Sayona Mining Limited ASX listed ordinary shares for each Piedmont Lithium CDI held. The transaction will result in an approximate 50%-50% equity holding of shareholders of Sayona and Piedmont in MergeCo, prior to the conditional placement. Upon completion of the merger, Lucas Dow will become the CEO and managing director of MergeCo and Keith Phillips will become a strategic advisor to MergeCo for a transition period. The MergeCo board will initially consist of eight members, including four directors to be appointed by Piedmont who will be deemed as independent by the Piedmont board, and one of which will be chair of the MergeCo board and four directors to be appointed by Sayona, at least two of which will be deemed as independent by the Sayona board and one of which will be Lucas Dow, CEO of MergeCo. MergeCo will have a global presence with corporate headquarters in Brisbane, Australia, and offices in Belmont, North Carolina and Montreal, Quebec. Subject to shareholder approval of the transaction, MergeCo is intended to be renamed at, or shortly after, the transaction completion. The transaction has been unanimously approved by both the Piedmont and Sayona boards of directors. The transaction is expected to close during the first half of calendar year 2025. The merger agreement includes reciprocal exclusivity arrangements in favor of both parties, a matching right regime in favor of both parties and mutual termination fees in favor of both parties. The exclusivity arrangements are subject to customary exceptions that enable the directors of Piedmont and Sayona to comply with their respective fiduciary and/or statutory duties, including in respect of a superior proposal.
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DXCM | Hot Stocks06:03 EST DexCom, OURA announce strategic partnership - DexCom and OURA, maker of the world's leading smart ring, announced a strategic partnership to help millions of people improve their metabolic health through the integration of Dexcom glucose data with vital sign, sleep, stress, heart health and activity data from Oura Ring. Combining Dexcom glucose data with the biometrics collected by Oura Ring will provide users of both products with a more complete picture of overall health. Dexcom is also making a $75M strategic investment in OURA Series D funding, with OURA now valued at more than $5B. With this partnership, Dexcom and OURA will launch integrations enabling data to flow between Dexcom and OURA products, including Dexcom glucose biosensors, Dexcom apps, Oura Ring and the Oura App, so shared users can track their glucose levels and understand the impact of behaviors and biology on their metabolic health. The companies will also co-market and cross-sell each other's products. The first app integration resulting from the partnership is expected to launch in the first half of 2025.
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RBLX | Hot Stocks05:55 EST Roblox adds parental controls, other safety updates - Roblox on Monday introduced significant updates to the built-in protections for our youngest users and easy-to-use tools to give parents and caregivers more control and clarity. The company said it is adjusting its built-in limits around how children under age 13 can communicate. Parents can now access parental controls from their own devices rather than from their child's device and monitor their child's screen time, Roblox said in a statement. These changes were developed and implemented after multiple rounds of internal research, including interviews, usability studies, and international surveys with parents and kids, and consultation with experts from child safety and media literacy organizations. "While there is no 'perfect' when it comes to online safety, our overall approach is systematic and thoughtful. We regularly update our policies and systems to help keep children safe on Roblox-regardless of whether parents elect to use our parental controls. Our goal is to make Roblox the safest and most civil online platform possible because it is the right thing for children, their parents and caregivers, our investors, and our company." Reference Link
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IPHA | Hot Stocks05:55 EST Innate Pharma publishes IPH6501 data in Science Immunology - Innate Pharma announced the publication in Science Immunology of preclinical data demonstrating the potential of IPH6501, Innate's proprietary NK cell engager including an IL-2v and targeting CD20 from the Anket platform. IPH6501 is currently evaluated in a Phase 1/2 clinical trial in B-cell non-Hodgkin lymphoma, or B-NHL. The data published shows that IPH6501, also called CD20-NKCE-IL2v in the publication, boosts NK cell proliferation and cytotoxicity, showing activity against a range of B-NHL cell lines, including those with low CD20 density. In vivo studies in nonhuman primates and tumor mouse models further validated its efficacy and revealed that IPH6501 induces peripheral NK cell migration at the tumor site. "These new findings underscore the remarkable potential of IPH6501 to transform the treatment landscape for B-NHL. IPH6501 showed greater killing efficacy over a T cell engager targeting CD20 in in vitro preclinical models while presenting reduced toxicities compared with those commonly associated with T cell therapies. We are particularly encouraged by results that reveal IPH6501's ability to drive NK cell migration directly to tumor sites, highlighting its potential as a game-changer in immuno-oncology. These findings are a testament to the promise of NK cell therapies to deliver safer and more targeted solutions for patients in need," commented Eric Vivier, chief scientific officer of Innate Pharma.
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ALPMY APLS | Hot Stocks05:55 EST Astellas receives Complete Response Letter for Izervay, Apellis rallies - Astellas Pharma (ALPMY) announced the Food and Drug Administration issued a Complete Response Letter regarding the supplemental new drug application for Izervay for the treatment of geographic atrophy secondary to age-related macular degeneration. The drug application sought to include positive two-year data in the U.S. Prescribing Information for Izervay based on results from the GATHER2 Phase 3 clinical trial, which evaluated the efficacy and safety of monthly and every other month dosing through year two. The FDA stated the agency cannot approve the application in its present form by the action date of November 19. "The FDA comments outlined in the CRL are unrelated to the safety and benefit/risk of the use of IZERVAY; rather, the comments focus on a statistical matter related to labelling language proposed by Astellas. Astellas is seeking further clarification from the FDA and looks forward to working with the agency to quickly address the agency's feedback," the company said in a statement. Shares of Apellis (APLS), whose Syfovre competes with Izervay, are up 3% to $26.99 in premarket trading.
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ALGT | Hot Stocks05:53 EST Allegiant Travel announces new 44 new nonstop routes - Allegiant Travel announced 44 new nonstop routes, including eleven routes to three new cities: Gulf Shores, Alabama, Colorado Springs, Colorado and Columbia, South Carolina. The company is offering one-way fares on the new routes as low as $39. The flights, starting in February, will expand the airline's network options in 51 cities around the country, offering convenient, affordable air service to premier vacation destinations. With many travelers being mindful of their spending, Allegiant is committed to providing budget-friendly options that allow customers to enjoy their dream vacation. Additionally, the airline has added three airports to its network: Gulf Shores International Airport, Colorado Springs Airport and Columbia Metropolitan Airport.
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BIIB | Hot Stocks05:52 EST UCB, Biogen present results from PHOENYCS GO study - UCB and Biogen presented detailed results from the Phase 3 PHOENYCS GO study evaluating dapirolizumab pegol, or DZP, a novel Fc-free anti-CD40L drug candidate, demonstrating significant clinical improvement in disease activity in people living with moderate-to-severe systemic lupus erythematosus, or SLE. The results were shared during an oral, late-breaker presentation at ACR Convergence 2024, the American College of Rheumatology's annual meeting, in Washington, DC. In the PHOENYCS GO study, dapirolizumab pegol was administered intravenously every four weeks. On the primary endpoint measuring improvement of moderate-to-severe disease activity as assessed by achievement of British Isles Lupus Assessment Group, or BILAG-based Composite Lupus Assessment, or BICLA, after 48 weeks, study participants receiving DZP plus SOC had a statistically significant 14.6% higher response rate than those receiving SOC alone. A higher BICLA response rate reflects a treatment response across all affected organs at baseline and is associated with meaningful clinical benefit. On the first secondary endpoint of BICLA response at Week 24, study participants receiving DZP plus SOC had a 7.9% higher response rate than those receiving SOC alone. However, the difference did not reach statistical significance. Given statistical significance was not achieved for the first key secondary endpoint in the hierarchical testing, analyses for all the subsequent secondary endpoints are descriptive and nominal p-values are included. Subsequent analyses of additional secondary endpoints showed clinical improvements in the DZP group, including SLE Responder Index-4 response, corticosteroid tapering, SLE Disease Activity Index-2K, achievement of Lupus Low Disease Activity State and prevention of severe BILAG flares: 17.1% more participants receiving DZP were able to reduce their corticosteroid dose from greater than 7.5 mg/day prednisone equivalent at baseline to 7.5 mg/day at Week 48. 18.8% higher SRI-4 response rate at Week 48 among study participants who received DZP plus SOC versus those who received SOC alone. A 1.8-fold greater decrease from baseline in SLEDAI-2K in study participants receiving DZP plus SOC compared to SOC alone at Week 48. A 20.9% greater proportion of participants in the DZP group achieved LLDAS at Week 48 compared to SOC alone. Participants receiving DZP plus SOC had 50% fewer severe BILAG flares through Week 48 compared to SOC alone. The safety profile of dapirolizumab pegol was generally favorable. The safety results were consistent with previous DZP studies and with that in study participants with SLE receiving an immunomodulator. In the PHOENYCS GO study, a higher proportion of patients receiving DZP plus SOC had treatment-emergent adverse events compared to SOC alone. The proportion of participants with serious TEAEs was 9.9% in those participants receiving DZP plus SOC compared to 14.8% in those receiving SOC alone. Opportunistic infections were reported in 2.8% of participants receiving DZP plus SOC compared to 0.9% of those receiving SOC alone. Discontinuation of treatment or study participation due to TEAEs occurred in 4.7% of participants receiving DZP plus SOC and 3.7% of participants receiving SOC alone.
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BWLP | Hot Stocks05:46 EST BW LPG to sell vessel for $65M, declares $69.8M purchase option for another - BW LPG announced the sale of 2007-built BW Cedar for further trading, and the exercise of a purchase option for 2019-built BW Kizoku. BW LPG announced that its 52% owned subsidiary BW LPG India has decided to sell its 2007-built vessel BW Cedar as part of a planned fleet renewal. On a 100% basis, the sale is priced at approximately $65M and is expected to generate a net book gain of around $33M and about $51M in net cash after repayment of its existing bank loan. The vessel will be delivered to the new owners in Q1 2025. In addition, BW LPG has declared a purchase option for BW Kizoku, a 2019 Japan-built VLGC. BW Kizoku is currently on time charter with BW LPG with a purchase option, which BW LPG exercised for a consideration of $69.8M. The vessel is expected to be delivered in January 2025 and will continue to trade in the conventional BW LPG fleet.
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CYTK BAYRY | Hot Stocks05:42 EST Cytokinetics, Bayer enter collaboration and license pact for aficamten in Japan - Cytokinetics (CYTK) and Bayer (BAYRY) announced they have entered into a collaboration and license agreement for the exclusive development and commercialization of aficamten in Japan for the treatment of patients with obstructive and non-obstructive hypertrophic cardiomyopathy, or HCM, subject to certain reserved development rights of Cytokinetics. Aficamten is a next-in-class cardiac myosin inhibitor for the potential treatment of patients with HCM. Cytokinetics will receive an upfront payment of EUR 50M and is eligible to receive up to an additional EUR 90M upon the achievement of milestones through commercial launch, including EUR 20M which are near-term. Cytokinetics is also eligible to receive up to EUR 490M in commercial milestone payments upon the achievement by Bayer of certain sales milestones, and tiered royalties on net sales of aficamten in Japan. This collaboration leverages Cytokinetics' broad development program of aficamten and Bayer's regional capabilities and expertise in the development and commercialization of therapies to treat cardiovascular diseases of unmet need for the benefit of patients in Japan. Under the joint development plan, Bayer will conduct a Phase 3 clinical trial in Japanese patients with obstructive HCM and Cytokinetics will expand ACACIA-HCM, the ongoing Phase 3 clinical trial of aficamten in patients with non-obstructive HCM, into Japan to support the potential marketing authorization of aficamten in Japan and CEDAR-HCM, its ongoing study for a pediatric population of patients with obstructive HCM.
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AMAT | Hot Stocks05:39 EST Applied Materials announces plans to expand global EPIC innovation platform - Applied Materials announced plans to expand its global EPIC innovation platform with a new collaboration model specifically designed to accelerate commercialization of advanced chip packaging technologies. To kick-off the initiative, Applied convened more than two dozen top R&D leaders from the semiconductor industry to encourage alliances between equipment makers, material providers, device companies and research institutes. The goal is to fast-track new technologies for the next generation of energy-efficient computing. Applied hosted the summit in Singapore, where the company has been collaborating on advanced packaging R&D with its customers and partners for over a decade.
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AMCR BERY | Hot Stocks05:21 EST Amcor, Berry Global to combine in all-stock transaction - Amcor (AMCR) and Berry Global (BERY) announced they have entered into a definitive merger agreement, pursuant to which Amcor and Berry will combine in an all-stock transaction. Berry shareholders will receive a fixed exchange ratio of 7.25 Amcor shares for each Berry share held upon closing, resulting in Amcor and Berry shareholders owning approximately 63% and 37% of the combined company, respectively. The transaction has received unanimous approval of the boards of directors of both Amcor and Berry and values Berry's common stock at $73.59 per share. Over 35% adjusted cash EPS accretion and double-digit return on investment is expected. Enhanced long-term shareholder value creation through sustained higher expected earnings growth from 10%-15% to 13%-18% per annum. The transaction has been unanimously approved by the boards of directors of both Amcor and Berry. Closing is targeted in the middle of calendar year 2025. The closing of the transaction is subject to shareholder approvals, regulatory approvals, and satisfaction of other customary closing conditions. Peter Konieczny will serve as CEO, Graeme Liebelt will serve as chairman and Stephen Sterrett will serve as deputy chairman of the combined company. Amcor will maintain its primary listing on the NYSE and its secondary listing on the ASX. The combined entity will be named Amcor. Global head office will remain in Zurich, Switzerland. The combined company expects to maintain a significant presence in Evansville, Indiana. Upon completion of the transaction, Amcor's board of directors will expand to 11 directors, 4 of whom will be nominated by Berry.
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