Stockwinners Market Radar for November 23, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

BBIO

Hot Stocks

20:39 EST BridgeBio announces FDA approved Attruby for ATTR-CM patients - BridgeBio Pharma announced that the U.S. Food and Drug Administration approved Attruby, an orally-administered near-complete stabilizer of Transthyretin, or TTR, for the treatment of adults with ATTR-CM to reduce cardiovascular death and cardiovascular-related hospitalization. The FDA approval is based on positive results seen in the ATTRibute-CM Phase 3 study, where Attruby significantly reduced death and cardiovascular-related hospitalization, and improved quality of life. "Attruby is the first and only approved product with a label specifying near-complete stabilization of TTR. Attruby was designed to mimic a naturally occurring 'rescue mutation' of the TTR gene that targets the root cause of ATTR-CM, destabilization of the native TTR tetramer. Through near-complete TTR stabilization, Attruby has been shown to preserve the native function of TTR as a transport protein of thyroxine and vitamin A and to demonstrate benefit on cardiovascular outcomes," the company stated. BridgeBio submitted a Marketing Authorization Application to the European Medicines Agency, with a decision expected in 2025. BridgeBio has granted exclusive rights to Bayer to commercialize acoramidis for ATTR-CM in Europe. "With the landmark approval of Attruby, we gain the ability to serve patients with ATTR-CM. I'm grateful to each trial participant, their families, and the physicians, scientists and our team at BridgeBio who made this possible. Our journey is not over as we look to pursue approvals globally, next in Europe, Japan, and Brazil, and to continue exploring the full potential of this treatment. I am thrilled to extend our mission of 'putting patients first' with this third FDA approval in less than 10 years," said Neil Kumar, Ph.D., BridgeBio founder and CEO.
APLM

Hot Stocks

19:50 EST Apollomics Inc trading halted, news pending
RNGR

Hot Stocks

17:56 EST Ranger Energy director Agee sells 61,905 class A shares - In a regulatory filing, Ranger Energy director Brett Agee disclosed the sale of 61,905 class A common shares of the company on November 21 at a price of $16.6726 per share.
JAKK

Hot Stocks

17:30 EST Jakks Pacific CFO Kimble sells 48,253 common shares - In a regulatory filing, Jakks Pacific CFO John Louis Kimble disclosed the sale of 48,253 common shares of the company on November 21 at a price of $27.62 per share.
BA

Hot Stocks

17:28 EST Boeing awarded $129.19M Air Force contract action - Boeing was awarded a $129.19M ceiling, undefinitized contract action for the F-15 Japan Super Interceptor program. This contract provides for the Japan Air Self-Defense Force to incorporate engineering change proposals. Work is expected to be completed by January 31, 2030. This contract involves Foreign Military Sales to Japan. FY24 Foreign Military Sales funds in the amount of $44.47M are being obligated at the time of award. The Air Force Life Cycle Management Center is the contracting activity.
RTX

Hot Stocks

17:26 EST RTX awarded $439.08M Navy contract modification - Raytheon was awarded a $439.08M firm-fixed-price modification to a previously awarded contract to exercise options for fiscal 2025 Evolved Seasparrow Missile Block II Guided Missile Assemblies. Work is expected to be completed by June 2029. FY25 weapons procurement in the amount of $221.56M; FY25 other customer funds in the amount of $195.9M and FY24 other customer funds in the amount of $21.62M will be obligated at time of award and will not expire at the end of the current fiscal year. The Naval Sea Systems Command is the contracting activity.
LMT

Hot Stocks

17:24 EST Lockheed Martin awarded $869.95M Navy contract - Lockheed Martin was awarded a $869.95M fixed-price-incentive-firm- target contract to procure long lead materials, parts, components, and associated support in support of the F-35 Lot 20 production aircraft for the Air Force, Navy, Marine Corps, non-U.S. Department of Defense, or DOD, partners, and Foreign Military Sales, or FMS, customers. Work is expected to be completed May 2031. FY25 aircraft procurement funds in the amount of $197,53M; FY25 aircraft procurement funds in the amount $172.72M; non-U.S. DOD partner funds in the amount of $35.4M; and FMS customer funds in the amount of $464.3M, will be obligated at the time of award, none of which expire at the end of the current fiscal year. This contract was not competed. Naval Air Systems Command is the contracting activity.
KR

Hot Stocks

17:17 EST Kroger names Mary Ellen Adcock chief merchandising and marketing officer - Kroger announced that Stuart Aitken is stepping down as senior vice president, chief merchandising and marketing officer, to pursue other professional opportunities. Aitken will remain in his role at Kroger through December 31, 2024. Mary Ellen Adcock, Kroger's senior vice president of operations, will succeed him as chief merchandising and marketing officer.
BACK

Hot Stocks

17:16 EST IMAC Holdings receives Nasdaq notification of deficiency - IMAC Holdings announced that it received an expected deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC on November 22, 2024. The Notice indicated that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to timely file its Quarterly Report on Form 10-Q for the period ended September 30, 2024, as described more fully in the Company's Form 12b-25 Notification of Late Filing filed with the Securities and Exchange Commission on November 15, 2024. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. The company continues to work diligently to file the Form 10-Q as soon as practicable. The Notice has no immediate effect on the listing or trading of the company's common stock on the Nasdaq Capital Market.
QTRX

Hot Stocks

17:06 EST Quanterix receives noncompliance notification from Nasdaq - Quanterix announced that it received a notice from Nasdaq stating that because the company has not yet filed its quarterly report on Form 10-Q for the quarter ended September 30, it is no longer in compliance with Nasdaq Listing Rule 5250, which requires listed companies to timely file all required periodic financial reports with the SEC.
TOST

Hot Stocks

16:41 EST Toast director Chapman-Hughes sells 15,285 class A shares - In a regulatory filing, Toast director Susan Chapman-Hughes disclosed the sale of 15,285 class A shares of the company on November 20 at a price of $42.114 per share.
SWAG

Hot Stocks

16:32 EST Stran & Company receives noncompliance notification from Nasdaq - Stran & Company announced that it has received a written notification from Nasdaq as a result of its failure to file its quarterly report on Form 10-Q for the quarter ended September 30 in a timely fashion. The notification letter advised the company that it was not in compliance with Nasdaq's continued listing requirements under the timely filing criteria established in Nasdaq Listing Rule 5250(c)(1).
GMED

Hot Stocks

16:31 EST Globus Medical launches ExcelsiusHub navigation system - Globus Medical announced the commercial launch of the ExcelsiusHub navigation system. ExcelsiusHub joins the expansive ecosystem of Excelsius technologies and is designed to elevate the standard for freehand navigation. Freehand navigation provides surgeons with real-time visualization of instrument placement, to reduce the reliance on X-ray imaging during spine surgery. This also facilitates accurate placement of screws and interbody spacer implants and may reduce OR radiation when compared to conventional fluoroscopy. ExcelsiusHub offers advantages over other navigation systems through features designed to enhance the safety and reproducibility of spine navigation such as real-time patient array monitoring, tissue-sparing drills, and registration flexibility. "This launch extends the capabilities and reach of our Excelsius ecosystem," said Dan Scavilla, president and chief executive officer of Globus Medical. "We now have a technology platform that fits a very wide variety of surgeons' and hospitals' needs, with design and footprint suited for both the hospital and ASC setting. We look forward to continuing to support our customers with technology that is designed for less invasive procedures with potentially lower radiation exposure."
AEE

Hot Stocks

16:22 EST Ameren CFO Moehn sells 6,500 common shares - In a regulatory filing, Ameren CFO Michael Moehn disclosed the sale of 6,500 common shares of the company on November 20 at a price of $92.15 per share.
UVV

Hot Stocks

16:20 EST Universal Corporation receives noncompliance notice from NYSE - Universal Corporation announced that, as expected, on November 19, it received a notice from the NYSE that the company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Quarterly Report on Form 10-Q for the fiscal quarter ended September 30 with the SEC prior to November 18, the end of the extension period provided by Rule 12b-25 under the Securities Exchange Act of 1934, as amended.
MRK

Hot Stocks

16:18 EST Merck recommends rejection of TRC Capital's 'mini-tender' offer - Merck has been notified that TRC Capital Investment Corporation has commenced an unsolicited "mini-tender" offer, dated November 12, 2024, to purchase up to 1,000,000 shares of Merck common stock at $96.38 per share. The offer price is approximately 4.32% below the closing price of the Merck common stock on November 11, 2024, the last trading day before the date of the offer, and approximately 3.48% below the closing price of the Merck common stock on November 21, 2024, the day prior to this release. Merck does not endorse TRC Capital's offer and recommends that Merck shareholders reject the offer and not tender their shares in response to TRC Capital's unsolicited mini-tender offer. This mini-tender offer is at a price below the closing price for Merck's shares and is subject to numerous conditions, including TRC Capital's ability to obtain financing. Merck is not associated in any way with TRC Capital, its mini-tender offer or the offer documentation. TRC Capital has made similar unsolicited mini-tender offers for shares of other publicly traded companies. Mini-tender offers seek to acquire less than 5% of a company's outstanding shares. This lets the offering company avoid many of the disclosure and procedural requirements the U.S. Securities and Exchange Commission requires for tender offers. As a result, mini-tender offers do not provide investors the same level of protections as provided by larger tender offers under U.S. federal securities laws.
CYH

Hot Stocks

16:17 EST Community Health to sell assets in Florida to Adventist Health for $265M in cash - Community Health announced that certain subsidiaries of the company have entered into a definitive agreement to sell ShorePoint Health Port Charlotte in Port Charlotte, Florida, certain assets of ShorePoint Health Punta Gorda, in Punta Gorda, Florida, and certain ancillary businesses related to such facilities to subsidiaries of Adventist Health System Sunbelt Healthcare for $265M in cash, subject to certain net working capital and other adjustments. Due to the effects of Hurricane Helene and Hurricane Milton, the Punta Gorda hospital has indefinitely suspended inpatient operations. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals and closing conditions. This transaction is among the additional potential divestitures discussed on the company's third quarter 2024 earnings call and in subsequent public appearances.
NODK

Hot Stocks

16:17 EST NI Holdings names Seth Daggett CEO - NI Holdings announced the appointment of Seth C. Daggett as President and Chief Executive Officer, effective December 1, 2024. Daggett brings over two decades of industry experience, most recently serving as the company's Chief Financial Officer and Treasurer. Mr. Daggett succeeds Cindy L. Launer, who had been serving as Interim CEO during the Board of Directors' search for a permanent CEO, as previously announced. "It is an honor and privilege to have the opportunity to lead this outstanding organization," Mr. Daggett said. "I look forward to continue working alongside our talented team of employees and agents who are committed every day to serving our customers and local communities," said Mr. Daggett. "I'm confident that we will build upon our strong and longstanding foundation in North Dakota to create lasting value for our shareholders and a new chapter of sustained growth and success. I look forward to working closely with the Board and the Company's leadership team to help build off this foundation and lead the organization toward a successful future." Launer will return to her role as an independent non-executive director on the NI Holdings Board effective December 1, 2024. With Mr. Daggett's appointment as CEO, Matt Maki, Vice President of Financial Planning and Analysis, will assume the role of Interim CFO, effective December 1, 2024. The Company will immediately begin a search for a permanent CFO, with no definitive timeline.
WRAP

Hot Stocks

16:15 EST Wrap Technologies relocates manufacturing, distribution facility to Virginia - Wrap Technologies announced the relocation of its manufacturing and distribution facility to Virginia, citing Virginia's strategic location as a key factor in its decision. Wrap's new 20,000-square-foot facility has a dedicated professional services division at its core. This division will focus on training, talent development, and customer support to promote integration, large-scale implementation, and ongoing service for law enforcement agencies nationwide.
ORGO

Hot Stocks

16:11 EST Organogenesis expands manufacturing capacity to support future growth - Organogenesis Holdings announced plans to expand manufacturing capacity with a long-term lease for a 122,000-square foot state-of-the-art biomanufacturing facility located at 100 Technology Way in Smithfield, Rhode Island. "We are pleased to join the Rhode Island life sciences community as we expand our New England manufacturing capacity to support future growth," said Gary S. Gillheeney, Sr., President, Chief Executive Officer, and Chair of the Board. "We look forward to strengthening our industry-leading portfolio with this world class biomanufacturing facility." The company will continue to operate its headquarters and manufacturing facilities in Canton, Mass., as well as additional operations in Norwood, Mass., Birmingham, Ala., San Diego, Calif., St. Petersburg, Fla., and Reinach, Switzerland. The Rhode Island lease is contingent upon anticipated state and local tax incentives.
BBIO

Hot Stocks

16:08 EST BridgeBio Pharma trading halted, news pending
EVLV

Hot Stocks

16:08 EST Evolv receives expected Nasdaq delinquency notification - Evolv Technology announced it received an expected delinquency notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC on November 21, 2024, which indicated that the company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the delayed filing of the company's Quarterly Report on Form 10-Q for the period ended September 30, 2024. As previously announced, the delay in filing the company's Quarterly Report is the result of a now largely complete internal investigation into certain sales practices of the company, which impacted revenue recognition and other metrics. The Nasdaq Listing Rule requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the company's securities listed on Nasdaq.
CREV

Hot Stocks

16:05 EST Carbon Revolution receives non-compliance letter from Nasdaq - Carbon Revolution announced that the company has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of the company's delay in filing its Annual Report on Form 20-F for the fiscal year ended June 30, 2024. The Letter has no immediate effect on the listing or trading of the company's ordinary shares or warrants on Nasdaq. The Letter stated that, under Nasdaq rules, the company has until 60 calendar days after receipt of the Letter, which is January 21, 2025, to submit a plan to regain compliance, and that if a plan is submitted and accepted, Nasdaq could grant the company an exception of up to 180 calendar days from the filing's due date, or until May 14, 2025, to regain compliance. If Nasdaq does not accept the company's plan, then the company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The company continues to work diligently to file its Annual Report as promptly as practical to regain compliance with Nasdaq Listing Rule 5250(c)(1).
MGYR

Hot Stocks

15:32 EST Magyar Bancorp declares special cash dividend of 4c per share - Magyar Bancorp announced that its board of directors has declared a special cash dividend of 4c, payable December 20 to shareholders of record on December 6.
MSFT

Hot Stocks

14:08 EST GSC's 'S.T.A.L.K.E.R. 2' has sold 1M units so far - GSC Game World said that its new first-person survival game "S.T.A.L.K.E.R. 2: Heart of Chernobyl," which released earlier this week for PC and Xbox Series X/S, has sold 1M units so far, adding that "much more stalkers joined the artifact hunt with Game Pass." The game launched day-and-date on Microsoft's Game Pass subscription service. Reference Link
BKR

Hot Stocks

13:01 EST Baker Hughes reports U.S. rig count down 1 to 583 rigs - Baker Hughes reports that the U.S. rig count is down 1 from last week to 583, with oil rigs up 1 to 479, gas rigs down 2 to 99 and miscellaneous rigs unchanged at 5. The U.S. rig count is down 42 rigs from last year's count of 625, with oil rigs down 26, gas rigs down 17 and miscellaneous rigs up 1. The U.S. offshore rig count is down 1 to 13, down 8 year-over-year.
GOVX EBS

Hot Stocks

12:52 EST WHO determines mpox upsurge still constitutes public health emergency - The World Health Organizatiton said that Director-General Dr. Tedros Adhanom Ghebreyesus, agreeing with the advice of the IHR Emergency Committee, has determined that the upsurge of mpox continues to constitute a public health emergency of international concern. The decision was based on the rising number and continuing geographic spread of cases, operational challenges in the field, and the need to mount and sustain a cohesive response across countries and partners. A report of the meeting, including Temporary Recommendations issued by the Director-General to IHR States Parties, will be issued next week. The upsurge of mpox in the Democratic Republic of the Congo and its spread to neighbouring countries was first declared a public health emergency of international concern by the Director-General on 14 August 2024. Shares of Geovax (GOVX) and Emergent Biosolutions (EBS), both of which have mpox-related products, were trading higher after the news. Reference Link
GD

Hot Stocks

12:16 EST General Dynamics unit awarded CLS contract from U.S. Air Force - Gulfstream Aerospace Corp., a business unit of General Dynamics, has been awarded a contractor logistics support services contract from the U.S. Air Force Life Cycle Management Center for C-20 and C-37 fleets. This contract extends over a seven-year period and provides services to the U.S. Air Force, U.S. Navy, U.S. Marine Corps, U.S. Army and U.S. Coast Guard. "For nearly 60 years, Gulfstream has been a trusted partner to governments and military organizations worldwide, and we are honored that the U.S. Air Force has once again selected our company to support the U.S. military's fleet," said Mark Burns, president, Gulfstream.
NGVC

Hot Stocks

12:00 EST Natural Grocers rises 19.1% - Natural Grocers is up 19.1%, or $6.92 to $43.17.
WOLF

Hot Stocks

12:00 EST Wolfspeed rises 23.3% - Wolfspeed is up 23.3%, or $1.50 to $7.94.
VATE

Hot Stocks

12:00 EST INNOVATE Corp. rises 24.2% - INNOVATE Corp. is up 24.2%, or $1.17 to $5.99.
FEDU

Hot Stocks

12:00 EST Four Seasons Education falls -8.1% - Four Seasons Education is down -8.1%, or -92c to $10.36.
RDDT

Hot Stocks

12:00 EST Reddit falls -9.2% - Reddit is down -9.2%, or -$14.58 to $143.44.
CATO

Hot Stocks

12:00 EST Cato Corp. falls -27.3% - Cato Corp. is down -27.3%, or -$1.35 to $3.61.
REGN

Hot Stocks

11:57 EST FDA posts observations from previous Regeneron facility inspection - The FDA posted a summary of observations made from the Agency's inspection of a Regeneron facility in Ireland that was conducted from March 6-10 and 13-14 of 2023 to its website. Reference Link
EVO HALO

Hot Stocks

11:02 EST Evotec takes notice of Halozyme withdrawal, convicted in standalone strategy - Evotec (EVO) issued the following comment on the withdrawn non-binding offer: "Evotec SE has taken notice of the statement made by Halozyme Therapeutics Inc. on 22 November, stating that it has withdrawn its non-binding proposal to acquire Evotec SE for EUR11.00 per share in cash. The Management Board and Supervisory Board of Evotec, together with its advisors, have been in the process of thoroughly assessing the Non-Binding Proposal submitted by Halozyme in a letter dated 13 November 2024, in which it expressed an interest in a combination of Halozyme with Evotec. The Management Board and Supervisory Board continue to have strong conviction in the Company's standalone strategy, which is expected to accelerate growth, strengthen the long-term profitability of the Company and deliver significant value to shareholders."
PBR

Hot Stocks

11:01 EST Petrobras sees ordinary dividends of $45-$55B from 2025 to 2029 - Petrobras laid out its 2025-2029 business plan, which includes paying out ordinary dividends totaling $45-$55B as a "base-case scenario." The company also sees flexibility for extraordinary payments. The stock in morning trading is up 5% to $14.86.
UL

Hot Stocks

10:53 EST Unilever sees mid-single digit sales growth post Ice Cream separation - Unilever said its investor event today will confirm that it remains on track to deliver an EUR 800M productivity program and the separation of Ice Cream by the end of 2025. Post the separation, the company will be focused on four business groups: Beauty & Wellbeing, Personal Care, Home Care, and Foods. The company said, "Unilever's medium-term guidance remains unchanged. Post the separation of Ice Cream, we aim to deliver mid-single digit underlying sales growth, supported by underlying volume growth of at least 2%. We expect modest underlying operating margin improvement, driven by gross margin expansion through operating leverage and productivity improvements. Our ambition is to deliver top third total shareholder return across our peer group and achieve an underlying return on invested capital in the high teens, ahead of our previous ambition of mid-teens. Our business is a strong cash generator, and we aim to sustain an average cash conversion ratio of around 100% over time. Value creation will be underpinned by disciplined capital allocation. This will include making investments to drive growth and productivity, continuing to reshape our portfolio through pruning and bolt-on acquisitions, and delivering attractive capital returns to shareholders."
EL

Hot Stocks

10:49 EST Estee Lauder strength attributed to recent share buys by director - Regulatory filings show that Estee Lauder director Paul Fribourg bought 387,800 shares of the company's stock for a total of $24.9M, for an average price of $64.27 each, from November 13 through 19. Shares of Estee Lauder are up 2% to $68.30 in morning trading, which traders are attributing to a Barron's report highlighting the recent insider buying, contacts tell The Fly. Reference Link
MSFT SONY

Hot Stocks

10:33 EST New 'Call of Duty' on Game Pass shifted sale share to PlayStation, says Circana - Circana analyst Mat Piscatella said that Activision's (MSFT) "Call of Duty: Black Ops 6" being added to Xbox Game Pass on day one "did a few things" in the U.S., as it resulted in a subscription spending boost, shifted share of full game sales to PlayStation (SONY), did not appear to result in massive cannibalization of sales, and did not appear to provide a significant boost to Xbox Series hardware sales. "So, all the open questions regarding the impact of subscriptions are still pretty open imo, and whatever one believes currently, well, not sure this biggest of tests is changing anyone's mind either way," Piscatella said in a post on Bluesky. "Yet." Reference Link
MSFT...

Hot Stocks

10:30 EST U.S. video game spending rose 10% y/y in October, says Circana - Circana analyst Mat Piscatella said that projected October 2024 total U.S. spending on video game hardware, content and accessories grew 10% when compared to a year ago, to $4.7B. Year-to-date spending is now 1% above a year ago, at $45.4B. The increase was driven primarily by the debut of Activision's (MSFT) "Call of Duty: Black Ops 6" in October, as compared to the launch of "Call of Duty: Modern Warfare III" during the November tracking period a year ago. Video game content spending increased by 12% versus a year ago, reaching $4.2B. Console content was the biggest contributor to the overall gain, with a spending increase of 27% when compared to a year ago, fueled by console digital full game sales. Non-mobile video game subscription spending increased by 16% when compared to a year ago. The release of "Call of Duty: Black Ops 6" as part of Xbox Game Pass was the primary growth driver. "Black Ops 6" was October's best-selling video game, debuting as the #3 best-selling game of 2024 YTD. Over each title's first two weeks in market, full game dollar sales of "Call of Duty: Black Ops 6" were 23% higher than "Call of Duty: Modern Warfare III" a year ago. PlayStation (SONY) platforms accounted for 82% of "Call of Duty: Black Ops 6" total console full game dollar sales volume during the October tracking period. Meanwhile, video game hardware spending dropped 23% in October when compared to a year ago. Switch (NTDOY) dollar sales fell 38% year-on-year during October, while PS5 declined by 20% and Xbox Series showed an 18% decrease. PlayStation 5 was once again the best-selling hardware platform in both unit and dollar sales for the month, with Xbox Series ranking 2nd across both measures. Other top-selling games in the U.S. for the month of October were Bandai Namco's (NCBDY) "Dragon Ball: Sparking! Zero," Konami's (KONMY) "Silent Hill 2," Plaion's "Undisputed," Sega's (SGAMY) "Metaphor: ReFantazio," Electronic Arts' (EA) "Dragon Age: The Veilguard," and Nintendo's (NTDOY) "Super Mario Party Jamboree." Reference Link
JL

Hot Stocks

10:24 EST J-Long Group to effect 1-for-10 share consolidation - J-Long Group will effect a share consolidation of its Ordinary Shares at a ratio of 1-for-10, effective as of 11:59 pm on December 3, 2024, in order to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rules 5550(a)(2) and Rule 5450(a)(1). The Company's Ordinary Shares are expected to begin trading on a Reverse Stock Split adjusted basis on Nasdaq as of the open of trading on December 4, 2024, under the existing ticker symbol "JL." The Company's member previously approved the reverse stock split and granted the Company's board of directors the authority to determine the final reverse stock split ratio and when to proceed with the reverse stock split at a Special Meeting of Stockholders held on November 18, 2024. The Company will file an Amendment to its Memorandum and Articles of Association to effect the share consolidation/reverse stock split at the ratio of 1-for-10 as of the Effective Time. The CUSIP number for the Company's Ordinary Shares will change following the reverse stock split.
MLI

Hot Stocks

10:00 EST Mueller Industries falls -6.2% - Mueller Industries is down -6.2%, or -$5.69 to $86.01.
RDDT

Hot Stocks

10:00 EST Reddit falls -7.8% - Reddit is down -7.8%, or -$12.26 to $145.76.
CATO

Hot Stocks

10:00 EST Cato Corp. falls -20.2% - Cato Corp. is down -20.2%, or -$1.00 to $3.96.
NGVC

Hot Stocks

10:00 EST Natural Grocers rises 14.0% - Natural Grocers is up 14.0%, or $5.07 to $41.32.
ESTC

Hot Stocks

10:00 EST Elastic rises 19.4% - Elastic is up 19.4%, or $18.29 to $112.42.
VATE

Hot Stocks

10:00 EST INNOVATE Corp. rises 27.0% - INNOVATE Corp. is up 27.0%, or $1.30 to $6.12.
IZTC

Hot Stocks

09:58 EST Invizyne Technologies Inc trading resumes
IZTC

Hot Stocks

09:53 EST Invizyne Technologies Inc trading halted, volatility trading pause
SATS

Hot Stocks

09:52 EST EchoStar falls 5% to $22.41 after DIRECTV ends deal to buy Dish
SATS T

Hot Stocks

09:52 EST DIRECTV terminates acquisition of EchoStar's Dish - DIRECTV announced that it has notified EchoStar (SATS) of its election to terminate the equity purchase agreement (EPA) pursuant to which it had agreed to acquire EchoStar's video distribution business, Dish. The termination of the agreement follows Dish noteholders' failure to agree to the proposed exchange debt offer terms issued by EchoStar, which was a condition of DIRECTV's obligations to acquire Dish. DIRECTV said it will continue to invest in streaming platforms "and revolutionize the industry through new packaging options while integrating content from live TV alongside direct-to-consumer services." The termination of the Dish acquisition does not affect TPG's acquisition of the remaining 70% stake in DIRECTV from AT&T (T), which is expected to close in the second half of 2025, it added.
XCUR

Hot Stocks

09:51 EST Exicure Inc trading resumes
LWAY DANOY

Hot Stocks

09:50 EST Smolyanskys call for Lifeway to establish committee to evaluate Danone's offer - Edward and Ludmila Smolyansky, who together exercise voting control with respect to approximately 29.7% of the outstanding shares of common stock of Lifeway Foods (LWAY), called for Lifeway's board of directors to take several actions, including immediately establishing an independent special committee to evaluate and negotiate a transaction with Danone (DANOY) or other potential buyers. This follows a proposal by Danone North America PBC to acquire all outstanding shares of Lifeway that Danone does not already own for $27 per share in cash. The Smolyanskys said, "Rather than negotiate with Danone in response to its generous proposal, Lifeway quickly rejected it outright. This is consistent with the prior statements by CEO Julie Smolyansky and Jason Burdeen, her spouse who also serves as the CEO's chief of staff, that they would never allow a sale of Lifeway. As disclosed in Lifeway's SEC filings, rather than explore a value-maximizing transaction, Lifeway is now threatening to file a lawsuit against Danone to invalidate a stockholders agreement that allows Danone to veto any stock grants to the CEO and gives Danone a right of first refusal over certain stock transfers by the other parties to the agreement. Lifeway claims that certain provisions of the stockholders agreement are impermissible under Illinois law, even though Lifeway has previously sought to enforce that very stockholders agreement on multiple occasions. The Founding Shareholders are calling for Lifeway's board of directors to take the following actions: Establish an Independent Special Committee Authorized to Negotiate a Sale of the Company and Make Its Approval Subject to a Vote by Shareholders...Preclude Jason Burdeen from Any Involvement in Evaluating or Responding to Danone's Proposal Given His Partiality, as Recently Recognized by a Federal Judge...Disclose Any Reports by Kroll...Agree to Allow the Dissemination of All Deposition Transcripts in the Two Lawsuits Lifeway Filed Against the Founding Shareholders."
CYH

Hot Stocks

09:49 EST Community Health falls -5.9% - Community Health is down -5.9%, or -22c to $3.53.
RDDT

Hot Stocks

09:48 EST Reddit falls -7.3% - Reddit is down -7.3%, or -$11.52 to $146.50.
CATO

Hot Stocks

09:48 EST Cato Corp. falls -11.9% - Cato Corp. is down -11.9%, or -59c to $4.37.
AESI

Hot Stocks

09:48 EST Atlas Energy rises 10.5% - Atlas Energy is up 10.5%, or $2.26 to $23.77.
GAP

Hot Stocks

09:47 EST Gap rises 13.3% - Gap is up 13.3%, or $2.94 to $24.98.
ESTC

Hot Stocks

09:47 EST Elastic rises 22.4% - Elastic is up 22.4%, or $21.08 to $115.21.
XCUR

Hot Stocks

09:46 EST Exicure Inc trading halted, volatility trading pause
ARQQ

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09:42 EST Arqit Quantum trading resumes
ARQQ

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09:37 EST Arqit Quantum trading halted, volatility trading pause
SANW

Hot Stocks

09:36 EST S&W Seed trading resumes
XOS

Hot Stocks

09:34 EST Xos receives purchase order from Crown Linen Service for stepvans - Xos announced a purchase order from Crown Linen Service. Crown Linen has ordered two fully electric 22' stepvans, reflecting its commitment to sustainability and reducing its environmental impact.
SANW

Hot Stocks

09:31 EST S&W Seed trading halted, volatility trading pause
TRNO

Hot Stocks

09:24 EST Terreno Realty sells industrial property in Florida for $20.6M - Terreno Realty sold an industrial property located in Doral, Florida for a sale price of approximately $20.6M. The property consists of one industrial distribution building containing 75,000 square feet on 2.8 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty on July 23, 2012, for approximately $4.2M. The unleveraged internal rate of return generated by the investment was 13.4%.
AMZN

Hot Stocks

09:21 EST Amazon to invest added $4B in Anthropic in 'deepened strategic collaboration' - Last September, Amazon and Anthropic announced a strategic collaboration, which included Anthropic naming Amazon Web Services, or AWS, its primary cloud provider and Amazon making a $4B investment in Anthropic. "That announcement was underpinned by the rapid adoption of the Claude family of models on AWS, following its addition to Amazon Bedrock in April of last year. Today, Amazon and Anthropic are deepening their collaboration. Anthropic is now naming AWS its primary training partner, in addition to continuing to be its primary cloud provider, and will use AWS Trainium and Inferentia chips to train and deploy its future foundation models. Both companies will continue to work closely to keep advancing Trainium's hardware and software capabilities. This next phase of the collaboration will even further enhance the already premium performance, security, and privacy Amazon Bedrock provides for customers running Claude models. Additionally, Anthropic and AWS have collaborated to give AWS customers early access to the ability to do fine-tuning with their own data on Anthropic models, a customization benefit that AWS customers will uniquely enjoy for each model for a period of time on new Claude models," Amazon stated. In addition to Anthropic naming AWS its primary training partner and using AWS Trainium to train and deploy its largest foundation models, Amazon will invest an additional $4B in Anthropic, the company noted. Reference Link
AMZN

Hot Stocks

09:19 EST Amazon to invest additional $4B in Anthropic
PMAX

Hot Stocks

09:18 EST Powell Max announces committed equity line of credit up to $40M - Powell Max has secured a significant new financing option through a standby equity line of credit with YA II PN, Ltd., an affiliate of Yorkville Advisors Global. This Equity Line allows Powell Max to issue and sell up to $40M of its Class A ordinary shares to Yorkville. In connection with the Equity Line, Powell Max has issued a $1M convertible promissory note to Yorkville due November 2025. Powell Max will file a Current Report on Form 6-K with the Securities and Exchange Commission, with additional details of the transactions. The $40M Equity Line will allow Powell Max to expand its portfolio of liquidity solutions and support its other strategic partnerships and investments in the financial communications and ancillary sectors.
UPS

Hot Stocks

09:10 EST UPS to pay $45M penalty for improperly valuing business unit, SEC says - The Securities and Exchange Commission announced settled charges against United Parcel Service Inc. for materially misrepresenting its earnings because it failed to follow generally accepted accounting principles, or GAAP, in valuing one of its worst performing businesses, UPS Freight, a business unit that transported less-than-truckload shipments. Reference Link
SAIC

Hot Stocks

09:09 EST SAIC appoints Tien as new board member - Science Applications International announced the appointment of U.S. Army veteran and former Deputy Secretary of the U.S. Department of Homeland Security, John Tien, Jr., to its Board of Directors, effective December 2, 2024. Tien has extensive background across government, military, private and public sectors, and will bring that expertise to his board position at SAIC. Tien has been appointed to serve on the Board's Nominating and Corporate Governance Committee and this increases SAIC's Board from eleven to twelve members.
PHG

Hot Stocks

09:09 EST Philips announces major step in making radiology expertise accessible - Royal Philips announced a major step forward in making radiology expertise for diagnostic imaging accessible to more patients. The U.S. Food and Drug Administration 510(k) clearance of remote scanning and remote protocol adjustment features on Philips Radiology Operations Command Center, ROCC, means expert radiologists can now assist technologists on-the-spot, by remotely controlling scans or adjusting protocols to acquire high quality images needed for improved diagnostic confidence and patient outcomes.
MFH

Hot Stocks

09:06 EST Mercurity Fintech's Chaince Securities receives FINRA approval for transfer - Mercurity Fintech Holding announced that its wholly owned subsidiary, Chaince Securities has received approval from the Financial Industry Regulatory Authority for the change in ownership of J.V. Delaney & Associates, a fully licensed broker-dealer established in 1982.This approval was granted pursuant to a continuing membership application under FINRA Rule 1017. This decision authorizes the next steps in finalizing Chaince Securities' acquisition of 100% ownership of J.V. Delaney & Associates. The acquisition reflects Mercurity Fintech's strategic vision to bridge innovative digital finance and traditional financial services. It is important to note that the approval pertains exclusively to the change in ownership and remains contingent upon meeting specific operational parameters and regulatory requirements, including submission of the executed Membership Agreement to FINRA, as stipulated in the approval terms, by December 13, 2024. Chaince Securities and J.V. Delaney & Associates will continue to operate within the parameters of their existing approved business activities, including broker or dealer retailing corporate equity securities, underwriter or selling group participant - best efforts offerings, U.S. government securities brokerage, and private placements of securities. Certain business activities previously approved, such as municipal securities brokerage and mutual fund retailing, have been removed from JVDA's Membership Agreement as part of the application process. Any future adjustments to the scope of operations will be subject to FINRA regulations and undergo the necessary prior regulatory review and approval process to ensure full compliance. Mercurity Fintech emphasizes its ongoing commitment to transparency, compliance, and operational integrity in all facets of its business.
CTXR

Hot Stocks

09:04 EST Citius Pharmaceuticals announces 1-for-25 reverse stock split - Citius Pharmaceuticals announced that it will be executing a reverse stock split of its common stock at a ratio of 1-for-25. Pursuant to the laws of the State of Nevada and subject to prior approval by the company's Board of Directors, Citius Pharma was not required to obtain shareholder approval to effectuate the Reverse Stock Split. The Reverse Stock Split will become effective at 5:00 pm Eastern Time on November 25. The company's common stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis beginning upon market open on November 26 under the company's existing trading symbol "CTXR" with the new CUSIP number 17322U306. The Reverse Stock Split is intended to increase the per share trading price of Citius Pharma's common stock to regain compliance with the minimum bid price requirement of $1.00 per share of common stock for continued listing on the Nasdaq Capital Market.
UPXI

Hot Stocks

09:03 EST Upexi receives non-compliance notice from Nasdaq - Upexi received a Non Compliance Letter from The Nasdaq Stock Market due to the Company's failure to timely file its Form 10-Q Quarterly Report for the period ended September 30, 2024, in violation of Nasdaq Listing Rule 5250(c)(1). The Company failed to timely file due to circumstances beyond its control, and intends to file its Form 10-Q Quarterly Report shortly after it is able to file its Form 10-K Annual Report. Pursuant to the Nasdaq Listing Rules, the Company has until December 20, 2024 to submit a plan to regain compliance. If the plan is accepted, an extension may be granted of up to 180 calendar days from the due date of the Initial Delinquent Filing, or April 14, 2025, to regain compliance. The Notice has no immediate effect on the listing or trading of the Company's common stock.
DEA

Hot Stocks

09:02 EST Easterly Government Properties acquires IRS facility in Utah - Easterly Government Properties announced that it has acquired a 100,000 leased square foot facility 100% leased to the General Services Administration, or GSA, for the beneficial use of the Internal Revenue Service, or IRS, located in Ogden, Utah, a geographic hub for the agency. The facility sits on 13 acres and houses operations related to the IRS' tax submission processing and Digital Fraud Department, which was first created within the location.
TZUP

Hot Stocks

09:02 EST Thumzup achieves 202% growth in advertisers on platform through October - Thumzup Media announced that its proprietary ad-tech platform has now attracted over 500 advertisers, reflecting a robust 202% growth since the beginning of the year. Since January 1, 2024, Thumzup has grown from 183 advertisers to 554 as of October 31, 2024, underscoring the platform's escalating appeal across diverse business sectors.
GLAC

Hot Stocks

09:02 EST Global Lights Acquisition, W Straits sign LOI for potential combination - W Straits, an international fintech company, and Global Lights Acquisition Corp. announced the signing of a non-binding letter of intent for a potential business combination. Under the terms of the non-binding letter of intent, W Straits and GLAC would become a combined entity, with W Straits' existing shareholders exchanging their shares in W Straits for equity in the combined public company. W Straits and GLAC expect to finalize a definitive business combination agreement in the coming weeks and plan to announce additional details at that time. Completion of a business combination between W Straits and GLAC is subject to, among other things, the completion of due diligence, the negotiation of a definitive agreement providing for the transaction, the satisfaction of the conditions negotiated therein, and approval of the transaction by the board and shareholders of both W Straits and GLAC. There can be no assurance that a definitive agreement will be entered into or that the proposed business combination will be consummated on the terms or timeframe currently contemplated, or at all.
JAGX

Hot Stocks

08:49 EST Jaguar Health seeking partner to develop, commercialize NP300 - Jaguar Health announced that it is seeking a partner to fund and execute the development and commercialization of NP300, the company's prescription drug candidate for the treatment of general, non-infectious diarrhea in dogs, in exchange for commercial rights to the product in the U.S. NP300 is a novel antisecretory drug with a similar mechanism of action to Canalevia-CA1, the company's conditionally approved prescription drug for the treatment of chemotherapy-induced diarrhea in dogs. NP300 has demonstrated safety in dogs and is sustainably derived from the Croton lechleri tree, the same source as that for crofelemer.
HUDA

Hot Stocks

08:48 EST Hudson Acquisition I signs business combination agreement with Aiways Europe - Hudson Acquisition I and Aiways Automobile Europe announced that they have entered into a definitive Business Combination Agreement, pursuant to which, upon the consummation of the transactions contemplated thereby, EUROEV Holdings Limited, a newly formed British Virgin Islands holding company, will acquire the outstanding shares of each of HUDA and Aiways Europe in exchange for newly issued shares of EuroEV, and become listed on the Nasdaq Stock Market. The transaction represents a pre-combination equity valuation of $410 million for Aiways Europe, subject to adjustment. Headquartered in Munich Germany, Aiways Europe is a company focusing on battery electrical vehicles and solutions for the European market. Aiways Europe has built an efficient distribution network, and has sold and serviced approximately 6,000 electrical vehicles in Europe since 2020. Aiways Europe's competitive advantages are characterized by product development pinpointed on European requirements, robust distribution capabilities, cost effective sourcing from its affiliate manufacturer in China, and reduced cycle time on vehicle service update through Over-The-Air capability. In addition to sourcing from its manufacturers in China, Aiways Europe has secured the ability to localize the production of Aiways vehicles in Europe beginning in 2025. In an effort to enlarge its supply base and widen its product portfolio, Aiways Europe has signed MoUs to enter into supply contracts commencing in 2025 with a manufacturer for supplying light vehicles, and with an additional manufacturer for supplying vans and related products. Aiways Europe's CEO, Dr. Alexander Klose-Mozer is anticipated to lead EuroEV after the closing of the Business Combination. The boards of directors or similar governing bodies of Aiways Europe and HUDA have approved the proposed Business Combination, subject to, among other things, approval by Aiways Europe's shareholders and HUDA's stockholders of the proposed Business Combination and satisfaction of the conditions stated in the Business Combination Agreement, including the effectiveness of the proxy statement/prospectus relating to the proposed Business Combination, the receipt of certain regulatory approvals, and approval by The Nasdaq Stock Market to list the securities of EuroEV.
EVO HALO

Hot Stocks

08:44 EST Evotec falls 21% to $4.20 after Halozyme withdraws acquisition proposal - Halozyme is up 11% to $50.99 in pre-market trading.
APVO

Hot Stocks

08:39 EST Aptevo Therapeutics highlights potential of portfolio in cancer immunotherapy - Aptevo Therapeutics provided additional details about its oncology pipeline which is poised to potentially address some of the most challenging and aggressive forms of cancer in both blood and solid tumors. As bispecific antibodies gain prominence for their revolutionary therapeutic potential and expanding market opportunities, Aptevo's differentiated platforms and promising clinical results across two clinical programs, together with preclinical assets are demonstrating how bispecifics rationally differentiated for safety and targeted efficacy may impact the future of cancer care. The company plans to add another targeted asset to the pipeline in the near-term and looks forward to providing more detail about the new compound at that time. Aptevo's commitment to transforming cancer therapeutics is exemplified by its development pipeline, which features five bispecific antibodies, two clinical and three preclinical, targeting hematological malignancies and solid tumors. The company's focus on developing highly potent, safe, and versatile therapeutics positions it as a significant player in the expanding field of bispecific antibody based therapies. Lead Candidate Mipletamig for Acute Myeloid Leukemia: Mipletamig, Aptevo's lead bispecific antibody, is currently in a frontline Phase 1b/2 combination trial, RAINIER, following positive results from earlier studies. The Company announced an initial efficacy response earlier this week where the first patient dosed experienced a 90% reduction in leukemic blasts within 30 days of treatment initiation, continuing the efficacy trend seen in prior mipletamig clinical studies. Mipletamig is designed to engage the immune system and directly target AML cells, offering new hope for a patient population with historically poor outcomes. Mipletamig's encouraging clinical performance underscores the potential to transform AML treatment standards, reinforcing Aptevo's innovative approach to tackling blood cancers. Clinical Candidate: ALG.APV-527: ALG.APV-527 is being evaluated in a Phase 1 trial for solid tumors likely to express the tumor antigen 5T4. Tumor types treated to date include breast, colon, pancreatic and non-small cell lung cancer. Positive preliminary data from the study were presented at the European Society of Medical Oncology Congress in September and at the Society for Immunotherapy of Cancer conference earlier in November. These results showed that ALG.APV-527 demonstrated safety and tolerability across all cohorts, nine of 16 evaluable patients achieved stable disease, and biomarker analysis confirmed immune activation in the tumor microenvironment. This drug has the potential to advance treatment in hard-to-treat solid tumors, demonstrating the versatility of Aptevo's technology across a wide range of cancer types. The Company's preclinical candidates represent diverse but complementary approaches to cancer treatment and were designed, like the clinical candidates, with safety, targeted efficacy and combinability in mind. APVO711: Dual immune mechanisms that act as an immune checkpoint blockade plus immune activator where CD40 only functions when both binding domains are engaged APVO603: Broad solid tumor targeting that simultaneously engages two co-stimulatory molecules in the tumor and only functions when both binding domains are engaged APVO442: Precision targeting of prostate cancer antigens with immune engagement driven by CD3 engagement on T cells which are intended to directly kill PSMA-expressing prostate tumor cells.
JTAI TXT

Hot Stocks

08:38 EST Jet.AI signs agreement on Cessna Citation CJ4 Gen2 fleet order from Textron - Jet.AI (JTAI) announced a fleet purchase agreement with Textron Aviation (TXT) for the purchase of three Cessna Citation CJ4 Gen2 aircraft. With deliveries scheduled for Q2, Q3 and Q4 of 2026, the new aircraft will join the Jet.AI fleet as part of a brand-new CJ4 Gen2 fractional program. Jet.AI offers fractional jet ownership for individuals and businesses seeking flexible and convenient private aviation solutions. "Because our customers love the Cessna Citation CJ4 we already operate we're enthusiastic about edging into more capacity in this aircraft - the largest member of Textron Aviation's legendary CJ family," said Mike Winston, Founder and Chairman of Jet.AI. "Since its introduction 14 years ago, the CJ4 has been continually improved by Textron Aviation and has established a track record of reliable service. It offers existing light jet customers an excellent upgrade option to serve their travel needs."
HALO EVO

Hot Stocks

08:38 EST Halozyme withdraws proposal to acquire Evotec for EUR 11.00 per share in cash - Halozyme Therapeutics (HALO) announced it has withdrawn its non-binding proposal to acquire Evotec SE (EVO) for EUR 11.00 per share in cash, implying a fully diluted equity value of EUR 2B. Helen Torley, president and CEO of Halozyme, shared the following statement: "We continue to believe that a combination of Halozyme and Evotec would create a leading, differentiated, global pharma services company, benefitting shareholders, patients and employees. However, to date, Evotec has been unwilling to engage with us to explore a potential combination and a company spokesperson has publicly commented that its goal is to remain an independent company. As a result, we are withdrawing our proposal to acquire Evotec for EUR 11.00 per share in cash. In the months leading to our proposal, we engaged in extensive external diligence, and we sought to engage with Evotec in a discussion about our vision and the benefits for the combination. Early on, we had informal discussions with a member of the Supervisory Board and communicated our interest in exploring a potential business combination. Subsequently, we sought to earnestly engage Evotec's Chairwoman of the Supervisory Board on Halozyme's vision, and our thoughts as to the many benefits of the transaction; regrettably, our multiple requests to meet were not accepted. Thus, a formal bona fide proposal to the CEO was the only way to convey that our interest in exploring a potential transaction was strong, credible and well informed. It has now become evident that there is no interest at this time on the part of Evotec's Supervisory and Management Boards to engage constructively with Halozyme and explore a potential transaction. We will continue advancing our mission to improve the patient treatment experience and we are confident in Halozyme's future. We believe that we are well-positioned to execute our existing strategy with clear line of sight to 10 approved products with ENHANZE in 2025 and $1 billion of royalty revenue in 2027, continuing to deliver tremendous value for all stakeholders. We reiterate our recently raised 2024 guidance for revenue of $970-$1,020 million and adjusted EBITDA of $595-$625 million, representing significant double-digit growth, as we maintain strong momentum entering 2025."
ONDS

Hot Stocks

08:37 EST Ondas receives purchase order for Iron Drone Raider system - Ondas Holdings announced that its Ondas Autonomous Systems business unit's Airobotics subsidiary has received a purchase order for its Iron Drone Raider counter-uncrewed aircraft system from an Israeli defense company. This order, which was placed as part of an integration process between the companies, aims to expand the distribution of the system for additional military and homeland security governmental end users. During the third quarter of 2024, OAS secured several initial orders in the defense market, totaling approximately $14.4 million, which included several purchase orders totaling $9.0 million from a major government military customer for the Iron Drone Raider system. The Iron Drone Raider systems are being deployed as a core element of a multi-layered homeland security infrastructure to protect critical locations, assets and populations from the threat of hostile drones. Ondas expects to secure additional orders, including new customers and distribution partners, and to support C-UAS infrastructure expansion over the next twelve months.
ICU

Hot Stocks

08:36 EST SeaStar announces two advisory firms recommended vote favor of proposals - SeaStar Medical announces that the two leading independent institutional advisory firms, Institutional Shareholder Services and Glass Lewis, have both recommended that SeaStar Medical stockholders vote in favor of all three proxy proposals discussed in the Company's Definitive Proxy Statement filed on November 4, 2024 in connection with the Company's virtual Special Meeting of Stockholders to be held on November 26, 2024. Proposal One is to ratify, for purposes of maintaining the Company's listing of its common stock on the Nasdaq Stock Market, the issuance of shares of the Company's common stock upon conversion of certain convertible notes and exercise of certain warrants. Proposal Two is to approve an amendment to the Company's Certificate of Incorporation to reduce the number of authorized shares of common stock by 50,000,000 to 450,000,000 shares. Proposal Three is to approve a proposal to adjourn or postpone the Special Meeting to a later date or dates. SeaStar Medical's Board of Directors unanimously supports all three proposals. Voting by at least one-third of SeaStar Medical's common stock outstanding is required to reach a quorum to conduct business at the Special Meeting. Each of the three proposals requires an affirmative vote by a majority of the votes cast in order to pass.
HALO EVO

Hot Stocks

08:35 EST Halozyme withdraws proposal to acquire Evotec
VRPX

Hot Stocks

08:34 EST Virpax Pharmaceuticals announces results from Probudur minipig DRF study - Virpax Pharmaceuticals announced results from a minipig dose range finding, or DRF, study for Probudur. Probudur is the company's long-acting liposomal bupivacaine formulation injected at a wound site to provide both immediate and extended pain relief. The DRF study was conducted to evaluate the tolerance of Probudur in an incisional wound healing model in minipigs. Probudur was injected locally into the tissue surrounding the incision area. All of the minipigs demonstrated tolerance to Probudur and no adverse effects were noted. The development program for Probudur continues to support the Company's belief that Probudur has the potential to provide both immediate and sustained pain relief at the incisional area. Probudur is being developed to achieve the overall goal of safe and effective pain control during the perioperative period and significantly reduce or eliminate the need for opioids after surgery in approved indications. Probudur is a local anesthetic that binds to the sodium channel, preventing pain signals from reaching the brain. In preclinical studies, Probudur has shown long duration pain control for at least 96 hours, with a rat incisional model demonstrating analgesia for up to five days and in vitro studies demonstrating a slow release of bupivacaine that lasted for up to six days.
SPPL

Hot Stocks

08:33 EST Simpple appoints Pengue as CEO - Hint, announce the appointment of new leadership and capital to further solidify the company and position it for future growth. Michael Pengue, previously CEO of ZOA Energy, and a seasoned executive in the better-for-you beverage sector, has been named CEO. Additionally, industry veteran Kevin Benmoussa has joined as CFO, bringing two decades of experience spanning Fortune 500 and private equity-backed startup companies in the food and beverage space.
BDRX

Hot Stocks

08:33 EST Biodexa Pharmaceuticals announces result of general meeting - Biodexa Pharmaceuticals announces that at its General Meeting held earlier, both resolutions put to the Company's shareholders were duly passed.
WKSP

Hot Stocks

08:31 EST Worksport increases production capacity to meet growing sales demand - Worksport announce an expansion of its manufacturing workforce to meet accelerating sales demand. Since the start of Q4, the Company has increased its plant worker count by 30%, positioning itself to enhance production capacity and improve margins.
NNDM

Hot Stocks

08:17 EST Nano Dimension urges shareholders to vote for company proposals - Nano Dimension issued a letter to shareholders in connection with the Company's upcoming 2024 Annual General Meeting of Shareholders. The company said, "The letter highlights how Nano's Board and management team have delivered on commitments made to shareholders over the past 12 months, including improving Nano's business performance, executing a disciplined capital allocation plan, and instituting important corporate governance enhancements. After years of attacking Nano and attempting to gain control of the Company, Murchinson STILL has NO plan for value creation and NO executable ideas. With two representatives on the Board already, shareholders must vote FOR Nano's highly qualified nominees to prevent Murchinson from gaining control of half the Nano Board and executing its plans to liquidate the Company. Nano's Board urges shareholders to protect their investment and the Company's future by voting "FOR" ALL of Nano's proposals. Votes must be received by 11:59 p.m. ET on Sunday, December 1, 2024. It is essential that shareholders vote as soon as possible - no matter how many or how few shares they own. Some brokers may have earlier deadlines, so shareholders are encouraged to VOTE TODAY to ensure their vote is counted." Shareholders of record as of the close of business on October 22nd, 2024, are entitled to vote at the Annual Meeting, which will be held on Friday, December 6th, 2024, at 7:00 a.m. ET.
ANIX

Hot Stocks

08:16 EST Anixa Biosciences board approves purchase of Bitcoin as treasury reserve asset - Anixa Biosciences announced that its Board of Directors has approved the purchase of Bitcoin as a treasury reserve asset. With Anixa's strong balance sheet and excess cash, this strategic decision aims to diversify the company's treasury holdings while positioning Anixa to benefit from the potential long-term value of digital assets. The company also reaffirmed its ongoing stock buyback program as part of its commitment to enhancing shareholder value.
PUBM

Hot Stocks

08:08 EST PubMatic, DIGITS agency brings advanced AdTech to local grocery, stores - DIGITS and PubMatic announce their strategic partnership to leverage PubMatic's Convert, a scalable full-funnel commerce media platform, to monetize digital grocery advertising inventory and audiences programmatically with omnichannel, closed-loop reporting. With digital grocery shopping in the United States projected to surpass $200 billion for the first time in 2024, this partnership will empower a robust network of regional grocers, convenience stores and digital commerce platforms to capitalize on this tremendous growth with unprecedented ad tech capabilities.
SBFM

Hot Stocks

08:08 EST Sunshine Biopharma launches generic prescription drug - Sunshine Biopharma announced that its wholly owned Canadian subsidiary, Nora Pharma Inc., has launched a new generic prescription drug. The newly launched drug is Ursodiol, a generic version of URSO DS. Ursodiol, also known as ursodeoxycholic acid, is indicated for the management of cholestatic liver diseases, including primary biliary cirrhosis. Ursodiol is also used to dissolve gallstones in people who do not want surgery or cannot have surgery to remove gallstones, or prevent the formation of gallstones in overweight people engaged in a rapid weight loss program. Nora Pharma's Ursodiol is available for the Canadian market in 250 mg and 500 mg tablets.
RZLV...

Hot Stocks

08:07 EST Rezolve AI strengthens enters partnerships with Google, Microsoft - Rezolve AI (RZLV) has announced back-to-back strategic reseller partnerships with Microsoft (MSFT) and Google (GOOGL), two of the most prominent leaders in generative AI and cloud technology unlocking unparalleled potential to redefine how businesses engage with customers across the entire consumer journey. These partnerships position Rezolve Ai as a comprehensive solution provider in the conversational commerce space, addressing all aspects of the consumer funnel-from initial engagement and personalized recommendations to post-purchase support and loyalty.
BTDR

Hot Stocks

08:05 EST Bitdeer announces pricing of $360M convertible senior notes - Bitdeer Technologies announced the pricing of $360.0 million principal amount of 5.25% Convertible Senior Notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Company has also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional US$40.0 million principal amount of the notes. The sale of the notes is expected to close on November 26, 2024, subject to customary closing conditions. The notes will be general, senior unsecured obligations of the Company and will bear interest at a rate of 5.25% per year, payable semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025. The notes will mature on December 1, 2029, unless earlier converted, redeemed or repurchased. Upon conversion, the Company will pay or deliver, as the case may be, cash, Class A ordinary shares par value US$0.0000001 per share, of the Company or a combination of cash and Class A ordinary shares, at its election. The initial conversion rate of the notes will be 62.7126 Class A ordinary shares per US$1,000 principal amount of such notes. The initial conversion price of the notes represents a premium of approximately 42.5% over the last reported sale price of the Class A ordinary shares on the Nasdaq Capital Market on November 21, 2024.
WTW

Hot Stocks

08:05 EST WTW increases share repurchase program by $1B - WTW announced that its Board of Directors approved an increase to the existing share repurchase authority in the amount of $1 billion. The $1 billion increase is in addition to the approximately $660 million remaining on the current open-ended repurchase authority. The Company is authorized to repurchase shares, by way of redemption or otherwise, and will consider whether to do so from time to time, based on many factors, including market and economic conditions, applicable legal requirements and other business considerations.
NDRA

Hot Stocks

08:05 EST Endra Life Sciences regains compliance with Nasdaq - Endra Life Sciences announced that it has regained compliance with the minimum bid price requirement set forth by Nasdaq.
EDAP

Hot Stocks

08:04 EST EDAP TMS announces scientific presentation on feasability of Focal One - EDAP TMS announced a scientific presentation which demonstrated the technical feasibility of performing non-thermal histotripsy energy delivery and generating histotripsy lesions in biological tissues ex vivo using the Company's Focal One(R) Robotic HIFU technology. The results from the study were presented on November 19th at the 187th Acoustical Society of America meeting, which is taking place virtually from November 18 - 22, 2024. "The results from this initial technical feasibility study demonstrate EDAP's continued commitment in driving innovation in our core focused ultrasound energy delivery technology," said Ryan Rhodes, Chief Executive Officer of EDAP TMS. "As focal therapy continues to evolve for the treatment of multiple conditions, histotripsy represents an expansion in energy-based therapies that we plan to further invest in and develop as part of our innovation roadmap. This technical milestone, in addition to our clinical development of real-time elastography to enable ablation treatment confirmation, demonstrates our commitment towards remaining the innovation leader in focal therapy."
AIT

Hot Stocks

08:04 EST Applied Industrial Technologies to acquire Hydradyne, terms undisclosed - Applied Industrial Technologies announced it has signed a definitive agreement to acquire Hydradyne, a provider of fluid power solutions and value-added services. Based in Dallas, Texas, Hydradyne is one of the largest U.S. distributors focused on fluid power and motion control systems with advanced service capabilities and product offerings in hydraulics, pneumatics, electromechanical, instrumentation, filtration, and fluid conveyance. The company's team of nearly 500 associates operate out of 33 locations across the Southeastern U.S. with specialization in fluid power system design, fabrication, assembly, installation, repair and component support. Applied expects the acquisition to contribute approximately $260M in sales and $30M in EBITDA before anticipated synergies, as well as be accretive to EPS, within the first 12 months of ownership prior to transaction-related expenses and the impact of purchase accounting adjustments.
AUID

Hot Stocks

08:03 EST authID announces integration with Zendesk - authID announced their integration with Zendesk, a leading customer experience company that helps businesses connect with customers across multiple channels. This integration brings authID's best-in-class Proof and Verified products to Zendesk's full suite of customer support solutions, to increase account security and reduce fraud, while providing great service for Zendesk users wherever they may be.
JNJ

Hot Stocks

08:02 EST JNJ seeks FDA approval of subcutaneous induction regimen of Tremfya - Johnson & Johnson announced the submission of a supplemental Biologics License Application to the U.S. FDA seeking approval of a subcutaneous induction regimen of Tremfya for the treatment of adults with moderately to severely active UC. The filing is supported by data from the Phase 3 ASTRO study of Tremfya SC induction therapy in adults with UC and builds upon the recent U.S. approval of Tremfya in this indication.
LYB

Hot Stocks

07:56 EST LyondellBasell CFO Michael McMurray to retire, Agustin Izquierdo to succeed - LyondellBasell announced that effective March 1, 2025, Michael McMurray will retire as EVP and CFO and will be succeeded by Agustin Izquierdo, currently the company's SVP, Olefins & Polyolefins Americas & Refining. Until he assumes the role of CFO, Izquierdo will continue to serve in his current role.
FLEX APG

Hot Stocks

07:48 EST Flex names Kevin Krumm as CFO, succeeding Jaime Martinez - Flex (FLEX) announced that Kevin Krumm will join the company as CFO, effective January 6, 2025. He will succeed Jaime Martinez, interim CFO, who will remain with Flex and support a smooth transition. Reporting to Flex CEO Revathi Advaithi, Krumm will focus on driving the company's long-term financial strategy and creating shareholder value. Krumm joins Flex with more than 20 years of experience across industrial, chemical, and healthcare industries. Previously, he served as Executive Vice President and Chief Financial Officer of APi Group (APG), a global business services provider of safety and specialty services.
LXRX

Hot Stocks

07:35 EST Lexicon to eliminate commercial organization, focus on clinical development - Lexicon Pharmaceuticals announced that the company has made the strategic decision to eliminate its commercial operations and rationalize resources across all functions in order to preserve cash and focus its resources on advancing its promising clinical development pipeline. This prioritization of investment is designed to advance the research and development programs that have the greatest potential for value creation and patient impact. This decision follows the receipt of a "deficiencies preclude discussion" letter from the U.S. Food and Drug Administration regarding the Company's New Drug Application for Zynquista as an adjunct to insulin therapy for glycemic control in adults with type 1 diabetes and chronic kidney disease. The letter noted deficiencies with the application that preclude discussion of labeling and/or post-marketing requirements and commitments at this time. Details of the Strategic Restructuring: Complete elimination of the Company's commercial field team and reduction in size of other functions across the organization, including the elimination of all promotional efforts for INPEFA and all planned commercial activities for ZYNQUISTA. A total reduction of approximately 60 percent of employees, effective for most affected employees by December 31st. INPEFA to continue to be manufactured and made available to patients and existing prescribers. An expected reduction of 2025 full year operating costs by $100 million. This amount is in addition to the $40 million in expected 2025 cost savings announced in August as part of a realignment of resources. Reemerging as a Clinical Development-Focused Company: Lexicon will concentrate its resources on the continued research and development of its strong pipeline, including: The Phase 2b PROGRESS study evaluating LX9211 in diabetic peripheral neuropathic pain, with topline data anticipated in Q1 2025. The pivotal Phase 3 SONATA HCM study evaluating sotagliflozin in hypertrophic cardiomyopathy, with enrollment underway. IND-enabling studies of LX9851, a novel, non-incretin oral development candidate in obesity and associated cardiometabolic disorders. Advancing earlier stage opportunities for LX9211 and LX9851 in additional indications. Exploring strategic partnerships to advance and accelerate the value of our pipeline.
APG

Hot Stocks

07:34 EST APi Group CFO Kevin Krumm to step down - APi Group announced that Kevin Krumm, CFO, will step down from his role on December 13 to accept another opportunity. David Jackola, current CFO and VP of transformation at APi International, will assume the role of interim CFO upon Krumm's departure and until a successor is appointed.
PSTV

Hot Stocks

07:32 EST Plus Therapeutics to present FORESEE clinical trial summary - CNSide Diagnostics will present data from the FORESEE trial showcasing the CNSide CSF Assay Platform's utility in diagnosing and guiding clinical decision making for breast cancer and non-small cell lung cancer patients with LM. The data will be presented at the 2024 Society for Neuro-Oncology Annual Meeting November 21-24 in Houston, Texas. Key highlights: The FORESEE trial achieved its primary endpoint, demonstrating that CNSide influenced treatment decisions in over 90% of cases evaluated, surpassing the predetermined 20% primary endpoint target. CNSide demonstrated enhanced sensitivity in detecting tumor cells vs. CSF cytology in patients with LM. CNSide identified actionable mutations in the CSF, such as HER2 amplification, influencing 24% of therapeutic selection decisions. CNSide exhibited high specificity, with no tumor cells detected in patients without LM. CNSide demonstrated improved Negative Predictive Value in ruling out LM vs. CSF cytology. CNSide revealed HER2 positivity in LM tumors in 60% of breast cancer patients with HER2-negative primary tumors, informing physician treatment strategies. The data will be presented on Sunday, November 24, at 10:15 a.m. CST in a session titled, "CSF Tumor Cell Detection, Quantification and Biomarker assessment Helps in Clinical Management of Breast Cancer and Non-Small Cell Lung Cancer Patients Having Leptomeningeal Disease," by Priya Kumthekar, M.D., Associate Professor of Neurology and Hematology/Oncology, and Director of Brain Metastases Program at Northwestern, University, Chicago, Illinois.
HON

Hot Stocks

07:31 EST Honeywell to sell PPE business to Protective Industrial Products for $1.325B - Honeywell announced that it has agreed to sell its Personal Protective Equipment business to Protective Industrial Products, a portfolio company of Odyssey Investment Partners, for $1.325B in an all-cash transaction. The transaction will enable Honeywell to further simplify its portfolio in order to accelerate value creation in alignment with three compelling megatrends: automation, the future of aviation and energy transition. The transaction, which is expected to be completed in the first half of 2025, is subject to customary closing conditions.
ECX

Hot Stocks

07:12 EST Ecarx showcases Skyland Pro ADAS solution at AutoSens China 2024 - ECARX recently showcased the advanced capabilities of its Skyland Pro ADAS solution at AutoSens China 2024, demonstrating how it empowers automakers with high-performance, cost-effective intelligent driving solutions. A key platform for collaboration among automotive professionals, AutoSens China 2024 attracted prominent companies and experts from across the intelligent driving ecosystem, including Volkswagen, BMW-Brilliance and NIO. ECARX continues to enhance the performance of Skyland Pro while replicating and scaling it across various brands and models. With a clear roadmap for future ADAS solutions, ECARX is committed to delivering advanced and reliable intelligent driving solutions to support automakers globally in their drive towards the future of mobility.
QUTIF

Hot Stocks

07:11 EST Questor Technology receives $1.7M purchase order for clean combustion solution - Questor Technology announced a $1.7M purchase order to supply a clean combustion solution in Libya to a global leader in the energy services space, whose client is a global E&P company. Questor's ISO 14034-certified clean combustion units are engineered to safely manage waste gas while eliminating methane and other harmful pollutants at a 99.99% efficiency. These units meet and exceed the most stringent global emissions standards, making them a reliable solution for jurisdictions with rigorous environmental regulations. According to the World Bank, 15 million standard cubic feet of gas is flared each day, enough to power the whole of sub-Saharan Africa. The significance of this project is not only eliminating the flaring but creating the potential to monetize the heat generated from clean combustion.
GTBIF

Hot Stocks

07:11 EST Green Thumb expands national retail footprint to over 100 stores nationwide - RISE Dispensaries, a cannabis retail chain owned by Green Thumb Industries, announced the opening of its landmark 100th retail location, with RISE Dispensary Carson City on US HWY 50 on November 23, located at 3060 US-50 E, Carson City, NV 89701. In addition, the Company announced the opening of its 101st retail location with RISE Dispensary Brooklyn Park on November 23, located at 8016 Brooklyn Blvd., Brooklyn Park, MN 55445. The two new locations represent the 11th and 8th dispensaries to open in Nevada and Minnesota, respectively.
CAPT

Hot Stocks

07:09 EST Captivision completes major project in Seoul with Lotte Group - Captivision announced the successful completion of its transparent architectural media glass installation at Lotte Construction's COEX Magok Le-West mixed-use convention center, which officially opened this month. Captivision's installation spans over 16,000 square feet in Block CP1 of the convention center, showcasing next-generation digital media displays that illuminate multiple facades. The installation has generated approximately $8 million in revenue for Captivision. "Joining forces with Lotte Group is emblematic of our collaboration with world-class partners and we look forward to building on this success," said Gary Garrabrant, CEO of Captivision.
GOLD

Hot Stocks

07:08 EST Barrick Gold updates MRE for Fourmile Project in Nevada - Barrick Gold updated its mineral resource estimate for its wholly-owned Fourmile project in Nevada, resulting in a 192% increase in indicated resources, a 137% increase in inferred resources and a 35% increase in grade relative to Barrick's 2023 year-end mineral resource estimate. The increases reflect the addition of 25 new drill holes to the 2023 mineral resource estimate across the southernmost portion of the orebody, immediately adjacent to the Goldrush project at Cortez which is part of the Nevada Gold Mines joint venture. Speaking at Barrick's Investor Day in New York, president and chief executive Mark Bristow said that the Fourmile project was a truly world-class asset and could be compared to the original Goldstrike deposit, the foundational asset of Barrick which is now part of NGM's Carlin. "Our strategy of investing in organic growth through exploration and mineral resource management has set us apart from the industry. We believe in creating real value through discovery and development rather than relying on an increase in the gold price to justify high-premium mergers and acquisitions," he said. "Since the formation of the NGM joint venture in 2019, we have added more than 19Moz of proven and probable mineral reserves to the life of mine plan on a 100% basis. This does not yet reflect the additional exploration upside that we see today, including Greater Leeville and Hanson in Cortez Underground," said Bristow. Mineral resource management and evaluation executive Simon Bottoms added that the updated mineral resource estimate for Fourmile only covers approximately one-third of the overall orebody as defined by drilling to date. "To illustrate the potential value that a truly world-class orebody like Fourmile has, we have completed a preliminary economic assessment using conservative mining rates and costs, all of which draw directly from the current Goldrush mine plan. The results highlight the potential for annual operating cash flows resulting from Fourmile to be more than 70% higher than the already world-class Goldrush project. For the next stage of the project, we plan to start a three-year prefeasibility study in 2025, which will not only continue to define substantial resources and reserves across the entire orebody from surface drilling, while the northern Bullion Hill access is permitted and developed, but will also undertake pilot autoclave and roaster test work," Bottoms said.
GMM

Hot Stocks

07:08 EST Global Mofy AI announces effective date for 1-for-15 reverse stock split - Global Mofy AI announced that it has resolved to effect a reverse stock split of the Company's ordinary shares, with the split ratio set at 1-for-15. The reverse stock split was approved by the Company's shareholders at a special meeting held on November 1, 2024. Global Mofy's Class A ordinary shares will begin trading on an adjusted basis, reflecting the reverse stock split, on November 26, 2024, under the existing ticker symbol "GMM."
NIVF

Hot Stocks

07:07 EST NewGenIvf Group receives Nasdaq delisting notice, plans to appeal - NewGenIvf Group announced that on November 21 2024, it received written notice from The Nasdaq Stock Market that its securities are subject to delisting due to non-compliance with two Nasdaq Listing Rules. The Company has filed to appeal the delisting determination and plans to leverage several strategic actions to regain compliance with Nasdaq's listing requirements. Following receipt of the Delisting Notice, the Company will formally request a hearing to appeal the delisting determination. This request will stay any further action by Nasdaq at least pending completion of the hearing and the expiration of any extension that may be granted by the Panel to the Company following the hearing
GOLD

Hot Stocks

07:07 EST Barrick Gold CEO says projects set to deliver 'a new growth phase' - Barrick Gold Corporation said it was making significant progress in building a business for the future with a peerless Tier One focused asset portfolio and a strategy that continues to uncover and unlock value, while also fostering productive partnerships in its host countries. Speaking in New York to investors at an in-depth presentation on the group's position, achievements and plans, president and chief executive Mark Bristow said that since the merger, Barrick had generated $23 billion in operating cash flow, invested $15 billion in its operations and growth projects, effectively recapitalizing operations for the next 10 years or more - reduced the net debt by nearly $4 billion and returned over $5 billion to shareholders. "Our world-class projects are set to deliver a new growth phase and our targeted exploration programs are on course to maintain Barrick's unmatched record of reserve replacement, which allows us to project a 10-year production profile," he said. Barrick is opening up exciting new frontiers in Chile, Peru and Ecuador while also exploiting value-creating opportunities within its current asset portfolio. "In Nevada, we're making significant progress with mine extension projects at Leeville, Goldrush, Hanson, Robertson, Swift and new extensions to Turquoise Ridge. The newly permitted Goldrush mine is ramping up production and the adjacent Fourmile, which is currently 100% owned by Barrick, is turning out to be a truly world-class asset," Bristow said. Barrick has completed a preliminary economic assessment at Fourmile using conservative mining rates and costs, all of which draw directly from the current Goldrush mine plan. The results highlight the potential for annual operating cash flows that are at least 70% higher than the already world-class Goldrush project.
POET

Hot Stocks

07:04 EST Poet Technologies intends to voluntarily delist from TSXV - POET Technologies announced that the Company's board of directors has approved the voluntary delisting of POET's common shares from the TSX Venture Exchange. The Company intends to submit an application to the TSXV to complete such Delisting in due course. Upon submission of the Company's application, the Delisting will be subject to the approval of the TSXV and the satisfaction of all necessary conditions. POET's Shares will continue to be listed on the Nasdaq Capital Market under the symbol "POET" and shareholders will be able to continue to trade their Shares through the Nasdaq. Trading on the Nasdaq represents the vast majority of the Company's trading volume. Given the low trading volume on the TSXV the Company has determined, after due consideration, that maintaining the TSXV listing does not form part of the Company's go-forward capital markets strategy. The Company is not required to seek security holder approval for the Delisting since an alternative market for POET's Shares exists on the Nasdaq. POET will remain a "reporting issuer" in Canada and will continue to provide regular comprehensive disclosure pursuant to applicable Canadian securities laws. Additional information regarding the Company's Delisting application will be disseminated in due course.
EYEN

Hot Stocks

07:03 EST Eyenovia taking additional actions to reduce personnel-related costs by over 70% - Eyenovia announced that Avenue Capital Management has agreed to support a potential restructuring of Eyenovia's Loan and Security Agreement and has agreed to defer principal and interest payments on its outstanding debt until the end of February 2025. Eyenovia also announced that it is taking additional actions that are intended to reduce the Company's ongoing personnel-related costs by over 70%. "We are grateful to Avenue Capital for the support they have demonstrated during this challenging time," stated Michael Rowe, CEO of Eyenovia. "We took immediate steps to restructure our costs and extend our runway to allow us the flexibility to explore a broad range of strategic alternatives." As previously disclosed, Eyenovia is considering a variety of steps to maximize value to all stakeholders, to reduce expenses and to evaluate its strategic options, which may include a business combination, reverse merger, asset sales or a combination of those alternatives. Further information will be made available once the evaluation of strategic options has been completed.
CATO

Hot Stocks

07:00 EST Cato Corp. suspends regular quarterly dividend - In light of the current economic conditions and current sales trends the Board of Directors of The Cato Corporation suspended the regular quarterly dividend.
FFWM

Hot Stocks

06:57 EST First Foundation CEO Scott Kavanaugh to retire, Thomas Shafer to succeed - First Foundation announced the appointment of Thomas Shafer as its CEO. Shafer's appointment follows the retirement of Scott Kavanaugh, who has served the company as CEO since 2009 and as a member of the Board of Directors since 2007. Shafer will also serve as First Foundation Bank's CEO and has joined the Boards of Directors of First Foundation and First Foundation Bank. Shafer previously served as Co-President of Commercial Banking and Senior Executive Vice President of Huntington Bancshares following its merger with TCF Financial in June 2021, until his retirement in December 2022.
TPR

Hot Stocks

06:49 EST Tapestry announces $2B Accelerated Share Repurchase program - Tapestry announced that it entered into Accelerated Share Repurchase agreements with Bank of America N.A. and Morgan Stanley & Co. to repurchase $2B shares of Tapestry common stock. The ASRs will be completed under the company's recently expanded $2.8B share repurchase authorization. With the ASRs, the company expects to return over 100% of its free cash flow in Fiscal 2025 to shareholders through dividends and share repurchases. Under the ASR agreements, Tapestry will pay $2B to the Dealers and expects to receive an initial delivery of 28.4M shares of Tapestry common stock on November 26, representing approximately 80% of the expected shares to be repurchased under the ASR agreements. The final settlement of the transactions under the ASR agreements is expected to occur no later than the first quarter of Fiscal 2026 ending September 27, 2025.
MRK

Hot Stocks

06:47 EST Merck says NMPA in China approves Welireg - Merck announced that the National Medical Products Administration in China has approved Welireg for the treatment of adult patients with von Hippel-Lindau disease who require therapy for associated renal cell carcinoma, central nervous system hemangioblastomas or pancreatic neuroendocrine tumors, not requiring immediate surgery. Welireg is a first-in-class oral hypoxia-inducible factor-2 alpha inhibitor and is the first and only approved HIF-2alpha inhibitor in China. This approval is based on objective response rate and median duration of response results from the Phase 2 LITESPARK-004 trial and is the 17th approval of Welireg for these patients globally.
GSK

Hot Stocks

06:37 EST GSK announces Japan's MHLW approved application to extend indication of Arexvy - GSK announced that Japan's Ministry of Health, Labour and Welfare, MHLW, has approved a regulatory application to extend the indication of Arexvy for the prevention of RSV disease to include adults aged 50-59 at increased risk. Since September 2023, GSK's RSV vaccine has been approved in Japan for adults aged 60 and over for the prevention of RSV disease. Tony Wood, Chief Scientific Officer at GSK, said: "This approval reflects our ambition to protect people at increased risk from the severe consequences of RSV infection. Adults aged 50-59 with certain underlying medical conditions can face debilitating consequences from RSV, so we are pleased to offer those in Japan a vaccine for the first time." This regulatory expansion was supported by results from a global phase III trial that showed non-inferior immunogenicity in adults aged 50-59 at increased risk of RSV lower respiratory tract disease compared to those aged 60 and older. Safety and reactogenicity in the 50-59 at increased risk population were consistent with results from the initial phase III program in adults aged 60 and older.
MRK EMR

Hot Stocks

06:32 EST Merck elects Surendralal Karsanbhai to board of directors - Merck (MRK) announced that Surendralal Karsanbhai, president and CEO, Emerson Electric (EMR), will join Merck's board of directors effective January 1, 2025. He will stand for election by the company's shareholders in May 2025. With the addition of Karsanbhai, the Merck board will consist of 13 members.
GB

Hot Stocks

06:10 EST Global Blue increases share buy-back program to $15M from $10M - Global Blue's CEO, Jacques Stern, commented: "In addition, and in light of the solid improvement in free cash flow generation, we have increased our share buy-back program from $10 million to $15 million and extended the program to November 30, 2025."
BP

Hot Stocks

06:04 EST BP announces final investment decision on Tangguh UCC project in Indonesia - bp, on behalf of the Tangguh production sharing contract partners, announced a final investment decision on the $7B Tangguh Ubadari, CCUS, Compression project, which it says has the potential to unlock around 3 trillion cubic feet of additional gas resources in Indonesia to help meet growing energy demand in Asia. The UCC project, which comprises the Ubadari gas field development, enhanced gas recovery through carbon capture, utilization and storage and onshore compression, expands and utilizes existing infrastructure at the Tangguh LNG facility in Papua Barat, Indonesia. Production at the Ubadari field is expected to start in 2028. Murray Auchincloss, CEO of bp, said: "This project not only unlocks a fantastic gas resource, it also represents an Indonesian first through the use of CCUS to maximise gas recovery. bp has operated in Indonesia for more than fifty-five years, and the strength of our relationships enables us to bring deep technical experience in helping to deliver this innovative development." Tangguh CCUS aims to be the first CCUS project developed at scale in Indonesia, with potential for sequestering around 15 million tonnes of CO2 from Tangguh's emissions in its initial phase. Reference Link
BENF

Hot Stocks

06:04 EST Beneficient adds $35M of equity to balance sheet - Beneficient announces that its subsidiary, Beneficient Company Holdings, consummated a previously announced transaction pursuant to which approximately $35M of its preferred equity was redesignated as non-redeemable, resulting in the addition of approximately $35M of permanent equity on its balance sheet. As a result of the transaction, the company believes it now has stockholders' equity of at least $2.5M, the amount required to regain compliance with Nasdaq's Minimum Stockholders' Equity Requirement. The company's compliance with Nasdaq's Minimum Stockholders' Equity Requirement is subject to Nasdaq's final determination.
KBR

Hot Stocks

06:03 EST KBR signs agreement with Amufert for new development of ammonia plant - KBR announced that it has signed an agreement with Amufert for the development of a new ammonia plant in Soyo, Angola. Under the terms of the contract, KBR will provide a technology license, proprietary engineering design, equipment and catalyst solutions for Amufert's 2,300 metric tons per day ammonia plant. Leveraging KBR's proprietary technologies and expertise in ammonia, the planned facility will assist Angola and its neighboring countries move towards greater food security and self-sufficiency.
SCLX

Hot Stocks

06:02 EST Scilex receives Nasdaq notice of non-compliance - Scilex reported that it received a notice on November 21 from the Listing Qualifications Department of The Nasdaq Stock Market advising the company that it was not in compliance with Nasdaq's continued listing requirements under the Nasdaq Listing Rule 5250(c)(1) as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended September 30 in a timely manner. In response to the Notice, the company intends to file the Q3 Form 10-Q as soon as possible in order to regain compliance with the Listing Rule. However, if the company does not submit the Q3 Form 10-Q by January 20, 2025, the company will submit a plan by such date to Nasdaq that outlines, as definitively as possible, the steps the company will take to promptly file the Q3 Form 10-Q.
ZKH

Hot Stocks

05:45 EST ZKH Group enters cooperation agreement with Tmall - ZKH Group announced that it has entered into a strategic partnership agreement with Tmall with respect to the cooperation between the company's GBB Platform and Tmall's industrial product platform. The agreement will be effective until October 31, 2026 when it will be automatically renewed unless either party objects. Under the agreement, the company and Tmall will cooperate to explore commercialization models for the market of industrial products, and facilitate the upgrade and expansion of both parties' industrial product supplies. In particular, the company will arrange for flagship stores of industrial product brands to join Tmall's industrial product platform, and Tmall will provide tailored services to the stores and coordinate with its various internal teams to offer support.
HCM TAK

Hot Stocks

05:37 EST Hutchmed to receive milestone payment following Takeda launch of Fruzaqla - Hutchmed (HCM) announced that it will receive a milestone payment following the pricing approval and launch of Fruzaqla 1mg/5mg capsules in Japan by its partner Takeda (TAK) for patients with previously treated metastatic colorectal cancer, or CRC. This follows approval for the manufacturing and marketing of Fruzaqla by the Japanese Ministry of Health, Labour and Welfare. Fruzaqla is the first novel oral targeted therapy in Japan to be approved for metastatic CRC, regardless of biomarker status, in over a decade. Fruzaqla is indicated for the treatment of advanced or recurrent colorectal cancer that is neither curable nor resectable, and that has progressed after chemotherapy. The launch of Fruzaqla in Japan follows its approval in September, primarily based on results from the Phase III FRESCO-2 trial conducted in the U.S., Europe, Japan and Australia. Data from FRESCO-2 were published in The Lancet in June 2023. Takeda has the exclusive worldwide license to further develop, commercialize, and manufacture fruquintinib outside of mainland China, Hong Kong and Macau, and markets under the Fruzaqla brand name. It received approval in the U.S. in November 2023, in the EU in June, in Switzerland in August, in Canada, Japan and the United Kingdom in September and in Argentina, Australia and Singapore in October. Regulatory applications are progressing in many other jurisdictions.
LU

Hot Stocks

05:27 EST Lufax co-chief executive officer Gregory Dean Gibb retires - Lufax announced that Gregory Dean Gibb has retired from his roles as an executive director and the co-chief executive officer of the company to dedicate more time to his personal matters, Yuqiang Huang has tendered his resignation as a non-executive director of the company due to changes in his personal work arrangements, and Xudong Zhang has tendered his resignation as an independent non-executive director of the Ccmpany due to changes in his personal work arrangements. These changes took effect from November 22. The board of directors of the company has appointed Shibang Guo and Hui Liu as non-executive directors and Alston Peiqing Zhu, who currently serves as the company's chief financial officer, as an executive director, with effect from November 22.
PEP

Hot Stocks

05:22 EST PepsiCo to acquire remaining 50% interest of Sabra and Obela, terms undisclosed - PepsiCo announced its agreement to acquire the remaining 50% interest in Sabra and PepsiCo-Strauss Fresh Dips & Spreads International, or Obela, and become the sole owner of these companies, which make Sabra and Obela products. Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads. The Sabra joint venture is based in New York and operates in the U.S. and Canada. The Obela joint venture is based in Geneva and operates in Australia, New Zealand and Mexico. PepsiCo has focused on the fresh dips category for over 15 years, forming Sabra and Obela as 50/50 joint ventures with the Strauss Group in 2008 and 2012, respectively. Sabra has nearly $400M in retail sales in the U.S. The transactions are subject to customary closing conditions and are expected to close by the end of 2024. Additional terms of the acquisitions were not disclosed.
NOK INFN

Hot Stocks

05:19 EST Nokia board resolves to issue 150M new shares in a directed share issuance - Nokia's (NOK) board of directors has resolved to issue 150M new shares in a directed share issuance without consideration to Nokia. The new shares will be later used to satisfy the company's obligations under the agreement and plan of merger made and entered into as of June 27 by and among Nokia, Neptune of America Corporation and Infinera (INFN). Nokia expects that the new shares will be registered with the Finnish Trade Register on or about November 25 and entered in the book-entry system maintained by Euroclear Finland on or about November 25. The total number of Nokia shares following the registration will equal 5.76B. The new shares will remain in Nokia's treasury pending the planned completion under the merger agreement and are expected to be admitted to trading on Nasdaq Helsinki as of November 26, and on Euronext Paris as of November 27, together with other Nokia shares. Euronext Paris will publish a separate notice announcing the admission of the new shares to trading on Euronext Paris. Additionally, the board of directors has resolved on a directed issuance of a maximum number of 150M Nokia shares held by Nokia Corporation, which the company holds in treasury as a result of the above-mentioned issuance to itself, to settle its commitments under the merger agreement in respect of shares to be delivered to eligible stockholders of Infinera upon the completion of the merger under the merger agreement. The completion under the merger agreement is expected to occur during the first half of 2025. The directed share issue is conditional on the completion of the merger under the merger agreement and the subscription price for the Nokia share will be the closing price of the company's share on Nasdaq Helsinki on the date of completion of the merger under the merger agreement. The Nokia shares will be delivered to the eligible stockholders of Infinera by Nokia's Exchange Agent in the form of American Depositary Shares. To the extent that the newly issued shares would not be needed to settle Nokia's obligations under the merger agreement, the board has resolved on a directed share issuance of up to the total amount of the aforementioned newly issued shares without consideration to participants of Nokia's and Infinera's equity programs. These programs include Nokia LTI Plans 2021-2023 and 2024-2026, Nokia Employee share purchase plan 2024-2026 and 2016 Equity Incentive Plan of Infinera Corporation which will be assumed by Nokia following completion of the merger under the merger agreement. The assumption by Nokia of the Infinera incentive plan is subject to the completion of the merger under the merger agreement. Each delivery of shares and the corresponding change in the number of Nokia's own shares will be published separately by a stock exchange release. The resolutions to issue shares are based on the authorization granted to the board of directors by the annual general meeting on April 3.