Stockwinners Market Radar for December 02, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PINS | Hot Stocks20:24 EST Cathie Wood's ARK Investment buys 156K shares of Pinterest today
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CPAY | Hot Stocks19:55 EST Corpay CFO Tom Panther to step down in 2025 - Corpay announced its Chief Financial Officer Tom Panther, will be leaving effective March 15, 2025, to become the CFO of the National Christian Foundation. The company has initiated an executive search to identify a new CFO. Finally, the company currently expects its fourth quarter 2024 organic revenue & earnings results to be in line with the guidance provided on November 7, 2024.
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MYNZ | Hot Stocks19:50 EST Mainz Biomed NV trading halted, news pending
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MESO | Hot Stocks18:24 EST Mesoblast's Revascor improves survival in heart failure patients - The company states: "Mesoblast Limited announced a key publication in the November 2024 online issue of the prestigious peer-reviewed European Journal of Heart Failure, which reports that a single intramyocardial injection of the Company's allogeneic cell therapy Revascor, or rexlemestrocel-L, results in improved survival in high-risk patients with ischemic heart failure and inflammation. Results from the randomized, controlled DREAM-HF trial in patients with chronic heart failure with reduced ejection fraction identified the control group at highest risk of cardiovascular death as being those with ischemic etiology and inflammation and showed that a single intramyocardial injection of Mesoblast's mesenchymal precursor cell therapy resulted in a sustained reduction in cardiovascular mortality in these high-risk patients. This identifies the target HFrEF population that is responsive to REVASCOR therapy."
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ALIT | Hot Stocks18:08 EST Alight exec sells $2.0M in common stock - In a regulatory filing, Alight disclosed that its President Gregory Goff sold 250K shares of common stock on November 27th in a total transaction size of $2.0M.
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T | Hot Stocks18:02 EST AT&T announces launch of Internet Backup feature - AT&T announced the launch of its first seamless converged experience for consumers with its new Internet Backup feature. Starting next week, Internet Backup will roll out on the company's latest gateways across its fiber footprint, providing consumers who activate the feature with cellular backup in the event of fiber network disruption. To activate Internet Backup, customers with both AT&T Fiber and an eligible AT&T unlimited postpaid wireless plan3 will receive a notification via the Smart Home Manager app when their gateway is updated, as long as their smartphone is within reach of it. Reference Link
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GORO | Hot Stocks17:58 EST Gold Resource provides update on operational and liquidity matters - Gold Resource announces an update to the operational and liquidity matters that were reported at the end of the third quarter. During the month of November, the company has seen an improvement in production at the Don David Gold Mine as compared to earlier in the fourth quarter. Strategic mine planning succeeded in providing sufficient mining faces, and issues with the filter press and mill have been addressed for the time being. The improved production during the month, combined with high metal prices and the favorable US dollar to peso exchange rate, allowed the mine to operate at slightly better than break-even cash flow during the month. While the company's available cash balance remains a concern, based on recent performance at the mine, the company currently expects that operations at DDGM could continue through at least the first quarter of 2025 without immediate capital infusions. The company still requires additional funding for mining equipment, mill upgrades and working capital to develop the Three Sisters and Splay 31 areas that will be the basis for future production at DDGM. Without additional capital, the company currently expects that DDGM will not be able to operate near break-even cash flow beyond the first quarter of 2025. If any significant unforeseen production or processing challenges were to materialize at DDGM, the company's ability to continue to operate DDGM in the near-term would be further jeopardized. Various financing and funding options are currently being evaluated by the company. The company has also identified an overpayment by DDGM of Mexico taxes in 2023 and has submitted a tax refund request for approximately $3.8M. This amount is expected to be refunded to the company in 2025, although the exact timing of payment is unpredictable.
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SLB | Hot Stocks17:34 EST SLB completes commercial-scale carbon capture plant at cement facility - SLB Capturi has reached a significant milestone of mechanical completion of the carbon capture plant at Heidelberg Materials' cement facility in Brevik, Norway. With the full-scale carbon capture plant now complete, including the carbon capture system, compression system, heat integration system, intermediate storage, and loadout facilities, the plant is now ready for testing and commissioning. When operational, this world-first commercial-scale carbon capture plant at a cement facility will enable production of net zero cement, without compromising on the product strength or quality. "Reaching this milestone is a testament to the power of working together and the collective determination to make a positive climate impact," said Egil Fagerland, CEO, SLB Capturi. "We look forward to continuing these collaborative efforts as we move toward the commissioning and operational phases of the project. The Brevik CCS plant sets a precedent for future carbon capture initiatives, where learnings and insights from this groundbreaking project enable others to follow."
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RCAT | Hot Stocks17:34 EST Red Cat Chief Technology Officer, George Matus, to depart - George Matus, Red Cat's Chief Technology Officer, is departing the company and is taking the role of CTO at Vector. As the founder of Teal Drones, George has played a vital role in Red Cat's journey, including the recent production selection of its Black Widow drones for the U.S. Army's SRR Program. His innovative contributions have significantly advanced Red Cat's technology and product development. Chris Rill, currently Director of Partner Integration, will also transition to the role of President of Teal Drones, another Red Cat subsidiary.
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ZS | Hot Stocks17:32 EST Zscaler CFO Remo Canessa to retire - In a regulatory filing, Zscaler disclosed that, on December 2, the company announced that Remo Canessa, CFO, notified the company of his decision to retire as an employee of the company effective upon the appointment of a successor. His decision to retire is not the result, in whole or in part, of any disagreement with the company on any matters relating to the company's operations, policies or practices. The company has commenced a search for a new CFO, and Canessa will remain with the company through the search and transition period pursuant to terms currently under negotiation.
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SER | Hot Stocks17:25 EST Serina Therapeutics secures $10M financing - The company states: "Serina Therapeutics announced a $10M equity financing with strategic shareholder JuvVentures (UK) Limited. The transaction provides Serina with funding to continue advancing SER-252, enabled by its proprietary POZ Platform(TM) drug optimization technology, into a Phase 1 clinical trial in advanced Parkinson's disease patients in the second half of 2025. Under the terms of the funding agreement, Serina will issue one million shares of common stock at $10 per share, a 120% premium to the closing price on November 26, 2024. The financing will be delivered in two tranches: the first $5.0M tranche was received November 27, 2024, and the second $5.0M tranche by January 31, 2025. Serina filed a Form 8-K with the SEC on December 2, 2024 that provides additional information regarding this transaction. SER 252 is an investigational apomorphine therapy developed with Serina's POZ platform and designed to provide continuous dopaminergic stimulation (CDS). CDS has been shown to reduce the severity of levodopa-related motor complications (dyskinesia) and enable greater on time, with reduced off time, in advanced Parkinson's patients. SER-252 leverages strategic partner Enable Injections' enFuse(TM) wearable drug delivery platform to enhance patient comfort and convenience, providing CDS to patients via an easy-to-administer, long-acting subcutaneous injection without skin reactions."
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FCPT | Hot Stocks17:23 EST Four Corners Property Trust acquires NAPA Auto Parts property for $2.0M - Four Corners Property Trust announces the acquisition of a NAPA Auto Parts property for $2.0 million. The property is located in a highly trafficked corridor in New York and is under a corporate, triple net lease with approximately 5 years of term remaining. The transaction was priced at a 7.2% cap rate on rent as of the closing date and exclusive of transaction costs.
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CGC ACRHF | Hot Stocks17:20 EST Canopy Growth, Acreage Holdings provide update on acquisition closing timeline - Canopy Growth (CGC) and Acreage Holdings (ACRHF) announced that it is anticipated that Canopy USA will complete its acquisition of Acreage on or around December 9, subject to the satisfaction or waiver of closing conditions set out in the arrangement agreements. Canopy Growth and Acreage are party to an arrangement agreement dated April 18, 2019, as amended, relating to the proposed acquisition of all issued and outstanding Class E subordinate voting shares of Acreage pursuant to a plan of arrangement under the Business Corporations Act. The fixed share acquisition is anticipated to occur immediately after the acquisition of the Class D subordinate voting shares of Acreage pursuant to a plan of arrangement under the Business Corporations Act in accordance with the arrangement agreement dated October 24, 2022, as amended, among Canopy Growth, Acreage and Canopy USA. Upon the closing of the acquisitions, Canopy USA will own 100% of the issued and outstanding shares of Acreage. As previously announced by Acreage, if the price of the common shares of Canopy Growth on the Nasdaq does not go above $5.00 prior to closing of the acquisitions, holders of fixed shares will not receive any consideration in exchange for their fixed shares.
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RTX | Hot Stocks17:14 EST RTX awarded $1.31B Navy contract modification - RTX was awarded a not-to-exceed $1.31B cost-plus-incentive-fee, cost-plus-fixed-fee, fixed-price-incentive-fee modification to a previously awarded contract. This modification exercises an option to provide recurring depot level maintenance and repair, sustainment support, program management, financial and administrative activities, propulsion integration, replenishment spare part buys, engineering support, material management, configuration management, product management support, software sustainment, security management, joint technical data updates, and support equipment management for all fielded F135 propulsion systems at the F-35 production sites and operational locations, to include training in support of the F-35 Lightning II aircraft for the Air Force, Marine Corps, Navy, Foreign Military Sales customers, and non-U.S. Department of Defense participants. Work is expected to be completed in November 2025. The contract being modified was not competed. Naval Air Systems Command is the contracting activity.
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THG | Hot Stocks17:14 EST The Hanover raises quarterly dividend to 90c per share from 85c - The dividend is payable December 27, 2024, to shareholders of record at the close of business on December 13, 2024.
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MTEM | Hot Stocks17:11 EST Molecular Templates receives noncompliance notice from Nasdaq - Molecular Templates announced that it has received an expected deficiency notification letter from Nasdaq on November 25. The notice indicated that the company is 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, as described more fully in the company's Form 12b-25 notification of late filing filed with the SEC on November 15. The Listing Rule requires Nasdaq-listed companies to timely file all required periodic reports with the SEC. Molecular Templates has until January 24, 2025 to submit a plan of compliance with respect to the notice.
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ESTC | Hot Stocks17:07 EST Elastic CTO sells $16.4M in common stock - In a regulatory filing, Elastic disclosed that its CTO Shay Banon sold 150K shares of common stock on November 27th in a total transaction size of $16.4M.
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BDRBF HON | Hot Stocks17:01 EST Bombardier confirms settlement agreement with Honeywell - Bombardier (BDRBF) confirmed that it has reached an agreement to settle its lawsuit against Honeywell (HON) that it initially filed in 2016 before the Superior Court of Quebec. The settlement resolves the lawsuit and the pending request for appeal before the Supreme Court of Canada. The terms of the settlement agreement are confidential to both parties.
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D | Hot Stocks16:49 EST Dominion COO Diane Leopold to retire on June 1, 2025 - Dominion Energy announced that Diane Leopold, executive vice president and COO, will retire on June 1, 2025, after a 36-year career in the energy industry, the past 30 of which she has spent at Dominion Energy. Leopold will remain chief operating officer, executive vice president, and a key member of the company's leadership team until June 1. During this transitional period Leopold will begin to transfer utility and contracted energy responsibilities to Ed Baine, currently president-Dominion Energy Virginia, who will become president-Utility Operations and Dominion Energy Virginia, and Eric Carr, currently chief nuclear officer, who will become chief nuclear officer and president-Nuclear Operations and Contracted Energy. Keller Kissam, president-Dominion Energy South Carolina, will report to Baine in his new role. Leopold will retain operational oversight of all major construction projects including the Coastal Virginia Offshore Wind project and Charybdis, the first Jones Act-compliant turbine installation vessel in the U.S.
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BW | Hot Stocks16:49 EST Babcock & Wilcox names Cameron Frymyer as CFO, Chris Riker as COO - The company states: "Babcock & Wilcox announced the following leadership changes that will become effective January 1, 2025. Lou Salamone, who has served as Chief Financial Officer since November 2018, has announced he will retire from his role. In connection with his transition from his current position, Mr. Salamone has entered into an agreement with the Company to provide consulting services, including transition support for the Chief Financial Officer role, for a one-year term commencing on January 1, 2025. Chris Riker is named Chief Operating Officer, responsible for B&W's global business operations and for the successful implementation of the company's short- and long-term business growth and execution strategies as well as performance and cost-saving initiatives. Mr. Riker has led B&W's Thermal Segment since August 2022 and has been instrumental in improving cash flows and margins within its global operations. Prior to that, he held several operational and finance-related leadership positions including Vice President of B&W's Global Parts & Service operations, Vice President of B&W's Industrial Steam Generation business, and Controller for B&W's Diamond Power International, LLC subsidiary. He has nearly 15 years' experience with B&W. Jimmy Morgan is named Chief Commercial Officer, responsible for leading the commercial and business development for B&W's ClimateBright(TM) and BrightLoop(TM) suite of products as well as select biomass and waste-to-energy projects that will leverage B&W's new and emerging technologies. This a key role to drive growth from carbon capture and hydrogen technologies that will provide long-term revenue growth for B&W. Mr. Morgan has more than 31 years of large energy project experience including eight years with B&W where he has provided key leadership for a number of areas, including completing the challenging waste-to-energy projects in Europe."
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OSK JOBY | Hot Stocks16:48 EST Oshkosh names Matthew Field as CFO, succeeding Michael Pack - Oshkosh (OSK) announced the appointment of Matthew Field as CFO, effective December 16. Field will succeed Michael Pack, who transitioned to president of the company's Vocational segment earlier this year. With over 20 years of leadership in the automotive and aerospace sectors, Field brings a strong track record in strategic financial stewardship to Oshkosh. He is currently serving as CFO of Joby Aviation (JOBY), where he was instrumental in guiding the company through its public listing in 2021.
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CRDO | Hot Stocks16:45 EST Credo Technology up 32% at $63.30 after Q2 earnings beat, above-consensus guide
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ZS | Hot Stocks16:44 EST Zscaler down 6% at $195.85 after Q1 results and updated guidance - Shares of Zscaler are down 6% or $12.66 at $195.85 after the company reported Q1 results, issued Q2 guidance and also updated its FY25 projections. The management also reiterated that "effective August 1, 2024, the beginning of the company's fiscal year ending July 31, 2025, we are using a long-term projected non-GAAP tax rate of 23% for the purpose of determining our non-GAAP net income and non-GAAP net income per share to provide better consistency across interim reporting periods in fiscal 2025 and beyond."
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CR | Hot Stocks16:44 EST Crane to sell Engineered Materials business to KPS Capital for $227M - KPS Capital Partners announced that, through a newly formed affiliate, it has signed a definitive agreement to acquire the Engineered Materials business from Crane Company for an enterprise value of $227M. Completion of the transaction is expected in the first quarter of 2025 and is subject to customary closing conditions and approvals.
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JSPR | Hot Stocks16:41 EST Jasper: First patient dosed in ETESIAN clinical study of briquilimab in asthma - Jasper Therapeutics, announced that the first patient has been dosed in Jasper's Phase 1b/2a clinical challenge study evaluating briquilimab in allergic asthma, called ETESIAN,Evaluating The Efficacy and Safety of briquilimab In participANts with allergic asthma. The ETESIAN study is evaluating a single administration of subcutaneous briquilimab in patients with asthma. "Dosing of the first patient in our ETESIAN study in asthma is a significant milestone, marking our third clinical program evaluating briquilimab in an inflammatory disease driven by unwanted mast cell activity," said Edwin Tucker, M.D., Chief Medical Officer of Jasper...We look forward to providing enrollment updates as we progress through the study and anticipate reporting the initial data in the second half of 2025."..."As a potent and targeted c-Kit inhibitor, I believe briquilimab has the potential to overcome the safety issues that have limited development of other c-Kit inhibiting agents and, in turn, serve as an important treatment option for patients suffering from asthma. I look forward to enrolling patients into the ETESIAN study."
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OCX | Hot Stocks16:40 EST OncoCyte announces VitaGraft data published in journal - Oncocyte announced additional data regarding its lead assay VitaGraft, which was published in the journal, Nephrology Dialysis Transplantation. VitaGraft Kidney(TM) quantifies the amount of DNA fragments in transplant patients' blood that originate from the donor organ, a key biomarker for assessing graft health. This process is commonly referred to as donor-derived cell-free DNA testing and is widely used in clinical practice. In this latest study, Oncocyte's proprietary diagnostic dd-cfDNA test using digital PCR was able to diagnose antibody-mediated rejection in kidney transplant recipients nearly a year ahead of standard protocols. Oncocyte expects to submit for claims expansion to its payor, MolDX2, to support the use of VitaGraft for these high-risk patients in the clinic. If granted, it would expand the use case beyond the current for-cause claim, opening new revenue opportunities.
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SHIM | Hot Stocks16:37 EST Shimmick awarded $45.4M contract to complete Murray Street Bridge project - Shimmick Construction announces that it has been awarded a $45.4M contract to complete extensive seismic retrofitting and improvements to the Murray Street Bridge at the Santa Cruz Small Craft Harbor. The project will improve the bridge's seismic resilience while enhancing accessibility for cyclists and pedestrians. "This project exemplifies Shimmick's commitment to delivering critical infrastructure that improves both public safety and connectivity and builds on our legacy of infrastructure improvements that serve communities for generations. We are looking forward to partnering with the City of Santa Cruz to complete this important project," said Ural Yal, CEO of Shimmick.
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WNC GT | Hot Stocks16:36 EST Wabash renews strategic agreement with Goodyear Tire - Wabash (WNC) announced the renewal of its strategic agreement with Goodyear Tire (GT). This agreement reinforces Goodyear's position as the preferred tire supplier for Wabash's van, tank and platform trailers, and provides Wabash customers with full-service tire management support.
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BKH | Hot Stocks16:35 EST Black Hills natural gas utility receives approval for new rates in Iowa - Black Hills announced that its Iowa natural gas utility, Black Hills/Iowa Gas Utility Company doing business as Black Hills Energy, received approval from the Iowa Utilities Commission of a settlement agreement for new rates. The new rates are designed to recover approximately $100M of pipeline system investments since the utility's last general rate filing in 2021. "We are pleased to receive approval of a settlement that supports our commitment to our Iowa customers and communities to deliver safe and reliable natural gas service," said Linn Evans, president and CEO of Black Hills Corp. "Our investments made on behalf of our customers are essential to supporting continued resilience of our Iowa natural gas system." The approved black box settlement agreement will generate approximately $15M of new annual revenues based on a weighted average cost of capital of 7.21%. In January 2025, final approved rates will replace interim rates in place since May 11..
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TMCI ENOV | Hot Stocks16:34 EST Treace Medical announces Guy Guglielmino as chief commercial officer - Treace Medical (TMCI) announced that Guy Guglielmino joined the company as chief commercial officer. In this new position, Guglielmino will lead Treace's commercial efforts and play a role in driving the company's next phase of innovation, strategic product commercialization, and growth. Most recently, Guglielmino was president, Recovery Sciences at Enovis (ENOV).
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SJM | Hot Stocks16:33 EST J.M. Smucker closes divestiture of Voortman brand to Second Nature Brands - The J.M. Smucker Co. announced the closing of the transaction to divest the Voortman business to Second Nature Brands. The company previously announced the signing of a definitive agreement for the transaction on October 22. The all-cash transaction is valued at approximately $305M, subject to a working capital adjustment, and reflects the company's continued commitment to optimizing its portfolio and reallocating resources to its core growth brands. The transaction includes all Voortman trademarks and the company's leased manufacturing facility in Burlington, Ontario, Canada. In addition, approximately 300 employees will transition with the business.
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JANX | Hot Stocks16:31 EST Janux says emerging JANX007 data demonstrates 'substantial clinical activity' - Janux Therapeutics announced positive updated interim clinical data for its JANX007 clinical program. "These clinical data show substantial activity with JANX007 in 5L metastatic castration-resistant prostate cancer patients and provide compelling support for the doses we've selected for expansion trials directed at pre-PLUVICTO 2L and 3L patients," said David Campbell, Ph.D., President and CEO, Janux Therapeutics. "We look forward to rapidly advancing JANX007 into second and third-line therapy where a substantial unmet need remains and where we believe JANX007's highly differentiated profile could allow for broad usage, if approved. This is an exciting day for Janux, but more importantly the prostate cancer patients we serve." JANX007 is in a Phase 1a clinical trial in patients with advanced or metastatic prostate cancer (mCRPC). The patients enrolled in the trial were heavily pre-treated with a median of four prior lines of therapy. As of the November 15, 2024 data cutoff, 16 pre-PLUVICTO patients have been treated once-weekly at a target dose ranging from 2 mg to 9 mg in the Phase 1a clinical trial. High prostate-specific antigen (PSA) response rates and deep PSA declines were observed across all doses; 100% of patients achieved best PSA50 declines, 63% of patients achieved best PSA90 declines, and 31% of patients achieved best PSA99 declines. Durability of PSA declines at a target dose greater than or equal to 2 mg were observed; 75% of patients maintained PSA50 declines at greater than or equal to 12 weeks and 50% of patients maintained PSA90 declines at greater than or equal to 12 weeks. Deep and durable PSA responses were observed irrespective of resistance driver aberration status, or prior treatments with a taxane or ARPi. In RECIST-evaluable patients, anti-tumor activity was observed with confirmed and unconfirmed partial responses in 50% (4/8) of patients. JANX007 was well-tolerated with cytokine release syndrome (CRS) and CRS-related adverse events primarily limited to cycle 1 and grades 1 and 2. Similarly, treatment-related adverse events (TRAEs) not associated with CRS were primarily limited to cycle 1 and grades 1 and 2. The maximum tolerable dose for JANX007 has not yet been reached. Based on these efficacy and safety results, two once-weekly step dose regimens have been identified for Phase 1b expansion trials directed at pre-PLUVICTO 2L and 3L patients. Janux anticipates providing another update on JANX007 in 2025.
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CR | Hot Stocks16:31 EST Crane to sell Engineered Materials segment to KPS Capital for $227M - Crane Company announced that it has entered into a definitive agreement to sell its Engineered Materials business to KPS Capital Partners, LP for $227M. Crane Company and KPS anticipate closing the transaction in the first quarter of fiscal year 2025 subject to customary closing conditions, including receipt of regulatory approvals. Max Mitchell, CEO, said, "This divestiture reflects yet another important step forward following the numerous actions we have taken over the last few years to simplify our portfolio and focus our resources on our two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. Those simplification actions have included the divestiture of non-core assets including Crane Supply and the defeasement of legacy liabilities in 2022, followed by our 2023 separation transaction. Since the separation, we have continued to invest in our strategic growth platforms organically, and further strengthened those businesses with four strategic acquisitions: Baum Lined Piping, Vian Enterprises, CryoWorks, and Technifab Products. We will continue to actively manage our portfolio to drive sustainable, profitable growth for all our stakeholders."
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PVBC | Hot Stocks16:31 EST Provident Bancorp announces new stock repurchase program - Provident Bancorp announced that its Board of Directors has adopted a new stock repurchase program. Under the repurchase program, the company may repurchase up to 883,366 shares of its common stock, or approximately five percent of the current outstanding shares.
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TMDX | Hot Stocks16:29 EST TransMedics falls 10% to $76.19 after new CFO, updated FY24 guidance
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CIGI | Hot Stocks16:27 EST Colliers International announces partnership with MG2 Corporation - Colliers announced that Colliers Engineering & Design has finalized an agreement to partner with MG2 Corporation, or MG2, a premier architecture, strategic planning, design, and program management firm based in Seattle, Washington. This strategic partnership significantly expands Colliers Engineering & Design's footprint in the U.S. Northwest, strengthening existing services and positioning the company for future growth. Under Colliers' unique partnership model, MG2's senior leadership team will become shareholders in the combined business and play a key role in its leadership going forward. Transaction terms were not disclosed. Founded in 1971, MG2 employs over 400 professionals across seven offices, specializing in innovative solutions across the retail, industrial, mixed-use, residential, food and beverage, and hospitality sectors.
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MCN | Hot Stocks16:25 EST Madison Covered Call and Equity Strategy Fund trading resumes
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COMP | Hot Stocks16:24 EST Compass partners with Christie's International Real Estate - Compass, Christie's International Real Estate, and @properties have announced that they will be joining forces in a move to accelerate domestic and international growth opportunities. Christie's International Real Estate has global reach with a network of 100+ independently owned domestic and international Affiliates across 50 countries and territories. @properties is the 8th largest residential brokerage in the United States by sales volume, with operations in Greater Chicago, Indiana, Michigan, Wisconsin, and Metro Atlanta (through the Ansley Real Estate Brand). @properties' Northern California operation, under the Christie's International Real Estate Sereno brand, will become an independent brokerage while maintaining its network affiliation. Compass plans to continue to grow the independent affiliate network through the Christie's International Real Estate brand both domestically and internationally.
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IPAR | Hot Stocks16:24 EST Interparfums to develop Off-White fragrance, cosmetic products - Interparfum announced that its 72% owned French subsidiary, Interparfums SA, has obtained all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products, subject to an existing license that expires on December 31, 2025, when Interparfums will begin commercial use of the fragrance brands. The two companies will build a long-term relationship to work in unison on strategies, category launches, and market initiatives. Founded in 2012, by the late designer Virgil Abloh, Off-White is known for itsstreetwear influences and approach to youth luxury.
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AFL | Hot Stocks16:24 EST Aflac raises quarterly dividend 16% to 58c per share - Aflac announced that its Board of Directors has declared the first quarter dividend of 58c per share, payable on March 3, 2025, to shareholders of record at the close of business on February 19, 2025. This represents a 16.0% increase over the previously declared fourth quarter dividend.
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PSN | Hot Stocks16:23 EST Parsons announces inauguration for Riyadh Metro - Parsons announced that the official inauguration took place on November 27 for the $27B Riyadh Metro. Parsons is one of three consultants working as part of a Parsons-led joint venture known as the Riyadh Metro Transit Consultants, or RMTC, along with Egis and Systra, providing project and construction management on two of the Royal Commission for Riyadh City's Riyadh Metro contracts which Parsons has now successfully delivered.
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HON | Hot Stocks16:21 EST Honeywell cuts FY24 operating cash flow view to $5.8B-$6.1B from $6.2B-$6.5B - Cuts FY24 free cash flow view to $4.6B-$4.9B from $5.1B-$5.4B.
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RYN | Hot Stocks16:20 EST Rayonier announces new $300M share repurchase authorization - Rayonier "announced that the Company's board of directors has approved a new $300 million share repurchase authorization. The new authorization replaces and supersedes the Company's existing $100 million share repurchase authorization. Repurchases may be made at management's discretion from time to time on the open market or through privately negotiated transactions. The new repurchase program has no time limit and may be suspended for periods or discontinued at any time."
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NARI | Hot Stocks16:20 EST Inari Medical enters joint venture with 6 Dimensions Capital - Inari Medical announced it has entered into a joint venture with 6 Dimensions Capital and its successor fund 120 Capital, and VFLO Medical, or VFLO, a medical device platform incubated by 6 Dimensions and 120 Capital, to provide access to Inari's technology for patients with unmet needs in Greater China. The joint venture will allow Inari to commercialize its devices through VFLO's established infrastructure, local relationships, and commercial expertise in Greater China. VFLO will also have the right to use Inari's technology to manufacture products for domestic sale in Greater China. VFLO's expertise and commitment to patients are complementary to Inari's global strengths in the development, manufacture, and sale of venous thrombectomy and other products.
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LRCX | Hot Stocks16:18 EST Lam Research issues statement on newly announced export regulations - The company said, "Today, the U.S. government announced additional measures to further restrict semiconductor technology exports to China. Our initial assessment is that the effect of the announced measures on Lam's business will be broadly consistent with our prior expectations. As a result, at this time we have no plans to update Lam's financial guidance for the December 2024 quarter as stated in our earnings press release on October 23, 2024."
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NDAQ | Hot Stocks16:18 EST Nasdaq reports Novmber U.S. equity options volume 304M vs. 254M last year - Reference Link
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INGM | Hot Stocks16:17 EST Ingram Micro to reduce headcount by 850 associates - The company states: "Ingram Micro announced it is undertaking a series of restructuring initiatives that will reduce its headcount by approximately 850 associates by the end of the first quarter of 2025. These changes aim to enhance organizational efficiency and strengthen customer service capabilities to better position the company for long-term, sustainable growth. Consistent with the company's standard practices, Ingram Micro is committed to providing support to all associates impacted by these actions."
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NKGN | Hot Stocks16:16 EST NKGen Biotech selected as preferred stalking horse bidder for NKMax - NKGen Biotech announced it has been selected as the preferred stalking horse bidder for NKMax in NKMax's court-managed rehabilitation process in South Korea. NKMax filed for rehabilitation in South Korea, roughly similar to Chapter 11 in the U.S., on April 18 and currently holds an approximate 25% equity interest in NKGen. NKGen's proposal included up to $18M in committed funding from a third-party investor. As is typical in US bankruptcies, there will now be a public offering process, with NKGen having final right of first refusal on any other qualified offers, with the final decision and ultimate rehabilitation plan approved by NKMax's creditors and the court expected in February 2025 and closing thereafter. NKGen and its financing partners expect to hold a majority of the equity of NKMax at closing. NKMax currently holds master global rights to the intellectual property for troculeucel and other proprietary IP that is licensed to NKGen for markets outside Asia. Such an acquisition is expected to put global rights under the control of NKGen. Prior to entering into the rehabilitation process, NKMax announced plans and commenced initial groundwork to commercialize the troculeucel treatment for Alzheimer's and other neurodegenerative diseases in Japan and South Korea, where such NK cell treatment is legal already. The company said additional production capacity at NKMax's GMP facility will be an added benefit which could help accelerate production for US trials. NKGen does not believe the NKMax rehabilitation process has had any material negative impact on NKGen's business or prospects.
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RM | Hot Stocks16:16 EST Regional Management announces $30M stock buyback - Regional Management Corp. announced a $30M stock repurchase program and growth expectations for 2025. "Having executed well throughout the economic cycle, we carry strong momentum and a healthy balance sheet into the new year, with significant funding for continued execution on our long-term growth strategy and the return of excess capital to shareholders," said Robert W. Beck, President and Chief Executive Officer of Regional Management Corp. "To that end and based on our consistently strong performance, liquidity profile, capital position, and confidence in our future, we are pleased to announce the authorization by our Board of Directors of a $30 million stock repurchase program. The program will enable us to be opportunistic in repurchasing our common stock at a time when we believe it to be undervalued." "In addition, we will allocate capital in 2025 to accelerate our portfolio growth," added Mr. Beck. "We expect our ending net receivables to grow by 10% to 12% in 2025, up from a roughly 6% growth rate in 2024. We are increasing our pace of growth due to our confidence in our credit performance, improving consumer health, and strengthening macroeconomic conditions, including lower inflation, real wage growth, low unemployment, and a large number of open jobs, particularly for our customer set. Our portfolio growth will ramp up over the course of next year, following seasonally low loan demand during the first quarter tax season."
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RYN | Hot Stocks16:15 EST Rayonier announces $1.80 per share special dividend - Rayonier "announced that the Company's board of directors has declared a one-time, special dividend of $1.80 per common share, consisting of a combination of cash and the Company's common shares. The dividend is payable on January 30, 2025 to shareholders of record on December 12, 2024. The special dividend is being made in connection with the taxable gains arising from the $495 million of timberland dispositions the Company completed during the fourth quarter as part of its previously announced asset disposition and capital structure realignment plan. The cash component of the special dividend (other than cash paid in lieu of fractional shares) will not exceed 25% in the aggregate, with the balance payable in the Company's common shares. The Company expects the dividend will be a taxable dividend, regardless of whether received in the form of cash or common shares."
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GM | Hot Stocks16:14 EST General Motors to sell stake in Lansing battery cell plant to partner LG Energy - General Motors announced it has reached a non-binding agreement to sell its stake in the nearly completed Ultium Cells LLC battery cell plant in Lansing, Michigan to its joint venture partnerLG Energy Solution. The transaction is expected to close in the 2025 first quarter, subject to customary closing conditions."GM expects to recoup its investment in the facility. The transaction does not change GM's ownership interest in Ultium Cells LLC. GM will continue to leverage the Ultium Cells plants in Warren, Ohio and Spring Hill, Tennessee to meet growing demand for its electric vehicles.LG Energy Solution will have immediate access to the nearly completed Lansing facility to begin the installation of equipment.Ultium Cells Lansing currently has nearly 100 employees and remains on track to meet its previously announced employment commitments," GM stated. "Our EV profitability is rapidly improving thanks in part to our strategic decision to build battery cells in the U.S. with LG Energy Solution. It will be years before some of our competitors approach this level of performance. We believe we have the right cell and manufacturing capabilities in place to grow with the EV market in a capital efficient manner. When completed, this transaction will also help LG Energy Solution meet demand by leveraging capacity that's nearly ready to come online and it will make GM even more efficient," said Paul Jacobson, GM executive vice president and CFO.
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HON BDRBF | Hot Stocks16:13 EST Honeywell, Bombardier announce strategic agreement - Honeywell (HON) announced the signing of a strategic agreement with Bombardier (BDRBF) to provide advanced technology for current and future Bombardier aircraft in avionics, propulsion and satellite communications technologies. The collaboration will advance new technology to enable a host of high-value upgrades for the installed Bombardier operator base, as well as lay innovative foundations for future aircraft. Honeywell estimates the value of this partnership to the company at $17B over its life. Honeywell and Bombardier will collaborate on the development of Honeywell avionics to provide unparalleled adaptability to specific mission requirements, enabling exceptional situational awareness and enhanced safety. In addition, the collaboration's propulsion-based workstreams will focus on evolutions of power, reliability and maintainability, led by the next-generation model of Honeywell's HTF7K engine. As part of the partnership, Bombardier and Honeywell will work together to certify and offer JetWave X for the Bombardier Global and Challenger families of aircraft for both new production and aftermarket installations. Bombardier will also have access to Honeywell's full suite of next generation L-Band satellite communications products and antennas that will provide future safety services capabilities. Additionally, all legacy pending litigation between the companies has been resolved.
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TMDX ALNY | Hot Stocks16:09 EST TransMedics names Gerardo Hernandez as CFO, succeeding Stephen Gordon - TransMedics Group (TMDX) announced the appointment of Gerardo Hernandez as the company's CFO, effective December 2. In this role, Hernandez joins the TransMedics executive leadership team, succeeding Stephen Gordon. To enable a smooth transition, Gordon will remain a non-executive employee of the company until March 31, 2025, before serving as a non-employee senior advisor to the company focusing on national transplant stakeholder engagement until March 31, 2026. Hernandez most recently served as Vice President Finance, Head of Corporate Financial Planning and Analysis at Alnylam Pharmaceuticals (ALNY), a biopharmaceutical company focused on RNAi therapeutics.
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IONQ | Hot Stocks16:07 EST IonQ unveils new enterprise-grade Quantum OS and Hybrid Services suite - The company states: "IonQ announced the launch of its quantum operating system, now called IonQ Quantum OS, and a collection of new capabilities named IonQ Hybrid Services suite. These technologies will greatly advance performance and utility of quantum computing for enterprise customers. IonQ Quantum OS is a nearly ground-up rewrite of IonQ's original quantum operating system. Designed and built with a flexible and modular architecture, it is designed to scale and adapt with IonQ's hybrid quantum computing ecosystem and power IonQ's current and future flagship quantum computers, including IonQ Forte and IonQ Forte Enterprise. IonQ Quantum OS also offers enterprise-grade security through improved observability and enhanced interoperability across on-premise hardware and software solutions. These improvements provide customers with new options for securely integrating quantum computing into their stack. IonQ Quantum OS has been running commercial workloads on IonQ Forte since summer 2024 and will soon be operational in controlling IonQ Forte Enterprise as it comes online in IonQ's Basel, Switzerland data center."
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PTLO JACK | Hot Stocks16:07 EST Portillo's names Tony Darden as COO - Portillo's (PTLO) announced the appointment of Tony Darden as COO. A seasoned industry leader with more than 30 years of experience with multi-unit restaurant concepts, Darden will play a pivotal role in enhancing operations as Portillo's accelerates its strategic nationwide expansion. He will begin work with the brand on December 9. Darden joins Portillo's from Jack in the Box (JACK), where he served as COO overseeing systemwide operations for more than 2,200 locations across 21 states.
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BWMN | Hot Stocks16:06 EST Bowman Consulting authorizes increase in share repurchase program - Bowman Consulting Group announced that on November 29, 2024 its Board of Directors authorized an increase to its previously announced share repurchase program from $25M to up to $35M. The share repurchase program will terminate on July 31, 2025. The company intends to continue to invest in organic and strategic acquisitive growth initiatives. The timing and amount of any share repurchases will be determined by management at its discretion based on several factors including share price, market conditions and capital allocation priorities. Shares may be repurchased from time to time through open market purchases, in privately negotiated transactions or by other means, including the use of trading plans intended to qualify under Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, in accordance with applicable securities laws and other restrictions. The share repurchase program does not obligate Bowman to acquire a specific number of shares of common stock and may be suspended, modified, or discontinued at any time without notice.
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VXRT | Hot Stocks16:05 EST Vaxart completes enrollment in Phase 2b study evaluating its COVID-19 pill - Vaxar announced completion of enrollment of the sentinel cohort of a Phase 2b clinical trial evaluating Vaxart's oral pill COVID-19 vaccine candidate against an approved mRNA vaccine comparator. The sentinel cohort comprised of 400 participants, with 200 receiving Vaxart's COVID-19 vaccine candidate and 200 receiving an approved mRNA vaccine comparator. "We are pleased to complete the enrollment of the sentinel cohort, an important milestone that reflects the collaboration of our entire team, as well as the trust and commitment of the participants and investigators involved," said Dr. James F. Cummings, Vaxart's Chief Medical Officer. "We look forward to DSMB and FDA review followed by the planned initiation of the Phase 2b trial's second portion. Our continued progress brings us closer to our goal of potentially demonstrating advantages of our mucosal technology against an approved mRNA vaccine." An independent Data and Safety Monitoring Board DSMB nd the U.S. Food and Drug Administration FDA will review 30-day safety data from the sentinel cohort. Upon favorable review by the DSMB and FDA, the study will progress after Biomedical Advanced Research and Development Authority BARDA approval to the second part of the trial by enrolling approximately 10,000 participants. The trial will strive to enroll participants in line with U.S. demographics, as well as including at least 25% over the age of 65. Funding for this award was received under Project NextGen, a $5 B initiative led by BARDA and the National Institute of Allergy and Infectious Diseases NIAID to accelerate and streamline the development of the next generation of innovative COVID-19 vaccines, therapeutics, and enablers. Vaxart's project award through the Rapid Response Partnership Vehicle RRPV is valued at up to $456M. This project has been funded with federal funds from the U.S. Department of Health and Human Services HHS ; Administration for Strategic Preparedness and Response ASPR ; BARDA, under Other Transaction OT number 75A50123D00005.
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FLR | Hot Stocks16:02 EST Fluor CFO Joe Brennan to retire - Fluor "announced that after more than three decades of service, Executive Vice President and Chief Financial Officer, Joe Brennan, will retire effective July 1, 2025. Fluor's Board of Directors has appointed John Regan as his successor, effective March 1, 2025. egan currently serves as Fluor's Executive Vice President and Chief Accounting Officer. He brings more than three decades of financial and industry expertise, as well as extensive experience managing public company financial planning, reporting and operations. Prior to joining Fluor, Regan served as CFO of Alta Mesa and CFO of Vine Oil & Gas LP. Regan is a Certified Public Accountant, licensed in Texas, and began his career at PricewaterhouseCoopers."
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SOAR | Hot Stocks16:01 EST Volato announces new patent-pending technology for cryptocurrency mining - Volato Group "announces a new patent-pending technology that advances how aircraft generate revenue by repurposing underutilized aircraft resources for cryptocurrency mining. First filed in 2023, this innovation has already benefited from significant Bitcoin price appreciation, reinforcing its potential to turn aviation's untapped resources into valuable digital assets. By default, the system operates using excess electricity generated during normal flight operations, ensuring seamless integration with no additional costs or resource demands. However, the system is designed to dynamically scale up and utilize additional onboard electricity when spoiled capacity-such as unoccupied seats or unused cargo space-occurs. This flexibility allows operators to transform inefficiencies into valuable Bitcoin assets, maximizing revenue potential while maintaining operational integrity. At the heart of Volato's invention is its patented use of specialty mining hardware, optimized to achieve peak performance at high altitudes. By operating in the cool and energy-rich environment of cruising aircraft, the system delivers superior efficiency compared to ground-based mining setups. Aircraft operators can seamlessly integrate this technology into standard operations, turning inefficiencies into opportunities without impacting the aircraft's primary function. Volato's patent-pending system aligns with aviation's growing focus on sustainability. The revenue generated from Bitcoin mining can support the purchase of Sustainable Aviation Fuel or fund carbon offset programs, offering a pathway to enhance profitability while reducing environmental impact. This dual benefit positions Volato's technology as an attractive tool for forward-thinking aircraft operators".
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DIS CMCSA | Hot Stocks15:44 EST S&P upgrades Walt Disney to 'A' with stable outlook - S&P Global Ratings raised its ratings on Disney, including the issuer credit rating to "A" from "A-" and the short-term rating to 'A-1' from 'A-2'. The stable outlook reflects expectations that Disney will maintain S&P Global Ratings-adjusted leverage below 2.5x and free operating cash flow to debt above 15% over the long term, the group stated. S&P added: "The Walt Disney Co. recently gave long-term earnings and cash flow guidance which indicates expectations that the company will be able to accelerate earnings growth while maintaining S&P Global Ratings-adjusted leverage below 2.5x, our upgrade threshold, over the long term. While leverage could temporarily rise if/when Disney makes its final payment to Comcast Corp. for its ownership stake in Hulu, we do not expect leverage to exceed 2.5x. Disney plans to announce its CEO succession plans in early 2026. Regardless of the outcome we believe Disney's leverage target, which aligns with the 'A' rating, is ingrained in the DNA of the company."
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LPA | Hot Stocks15:37 EST Logistic Properties of The Americas trading resumes
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AMZN | Hot Stocks15:35 EST AWS announces new data center components to 'support AI innovation' - At AWS re:Invent, Amazon Web Services, an Amazon.com company, announced new data center components "designed to support the next generation of artificial intelligence (AI) innovation and customers' evolving needs." AWS said: "These capabilities combine innovations in power, cooling, and hardware design to create a more energy efficient data center that will underpin further customer innovation. These new capabilities will be implemented globally in AWS's new data centers, and many components are already deployed in its existing data centers... Today, AWS's data centers support millions of active customers worldwide, including hundreds of thousands of customers using AWS AI and machine learning services, and tens of thousands of global customers using Amazon Bedrock to build their generative AI applications. As use of generative AI continues to grow and GPU capacity demands increase, AWS data centers are adapting to support increasingly higher power densities."
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LPA | Hot Stocks15:32 EST Logistic Properties of The Americas trading halted, volatility trading pause
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MCN | Hot Stocks14:42 EST Madison Covered Call and Equity Strategy Fund trading halted, news pending
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TSLA | Hot Stocks13:53 EST Tesla shares up 3%, or 10.73, to $355.89 in afternoon trading
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PPG | Hot Stocks13:39 EST PPG completes sale of architectural coatings U.S. and Canada business - PPG announced that it has completed the sale of 100% of its architectural coatings business in the U.S. and Canada at a transaction value of $550M to American Industrial Partners, an industrials investor. "PPG's architectural coatings businesses in other regions around the world remain core businesses within the company's portfolio, including in Latin America, Europe and Asia Pacific, where PPG holds strong #1 or #2 positions in a number of key countries... The architectural coatings business in the U.S. and Canada represented approximately $2B of PPG's 2023 total net sales, with low-single-digit EBITDA margin. As previously stated, on a 3-year pro forma basis PPG's overall company sales volume results would have improved cumulatively by over 200 basis points excluding this business. Also, the company's Performance Coatings segment operating, or EBIT, income, excluding the U.S. and Canada architectural coatings EBIT and the associated growth-related investments we have made, would have resulted in an approximately 300-basis point improvement in segment margins in 2023," the company stated.
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IBKR | Hot Stocks13:23 EST Interactive Brokers reports November DARTs 74% higher than prior year - Interactive Brokers reported its Electronic Brokerage monthly performance metrics for November, with highlights for the month that included: 3.306M Daily Average Revenue Trades, 74% higher than prior year and 17% higher than prior month; Ending client equity of $575.9B, 42% higher than prior year and 7% higher than prior month; Ending client margin loan balances of $60.2B, 43% higher than prior year and 2% higher than prior month; Ending client credit balances of $118.8B, including $4.7B in insured bank deposit sweeps, 17% higher than prior year and 1% higher than prior month; 3.253M client accounts, 29% higher than prior year and 2% higher than prior month; 227 annualized average cleared DARTs per client account; Average commission per cleared Commissionable Order of $2.70 including exchange, clearing and regulatory fees.
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FUL | Hot Stocks13:22 EST H.B. Fuller acquires Medifill, signs provisional agreement to acquire GEM S.r.l. - H.B. Fuller Company announced that it has signed agreements to acquire two medical adhesive technology companies: GEM S.r.l. and Medifill Ltd. Medifill Ltd. is an Irish formulator and producer of medical-grade cyanoacrylate adhesives and GEM S.r.l. is an Italian manufacturer and provider of medical adhesives and application devices. When combined, the two companies are expected to generate 2024 net revenue and adjusted EBITDA of EUR 23M and EUR 11.5M, respectively. The two companies will operate within H.B. Fuller's Hygiene, Health & Consumable Adhesives Global Business Unit. On a combined basis, the acquisitions will be completed at a pre-synergy EBITDA multiple of 15.5X, and a three-year post-synergy EBITDA multiple of 9.5X based on a combined purchase price of EUR 180M. Subject to customary closing conditions and regulatory approvals, the GEM acquisition is expected to close in February 2025.
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FUL | Hot Stocks13:20 EST H.B. Fuller announces divestiture of flooring business to Pacific Avenue Capital - H.B. Fuller Company announced that it will reorganize the building and construction segments of its portfolio. The reorganization includes the sale of the Flooring business as well as combining the company's Insulated Glass, Woodworking, and Composite segments, currently part of Engineering Adhesives, with its Roofing and Building Envelope and Infrastructure segments to form a newly named Global Business Unit: Building Adhesive Solutions, effective with the start of H.B. Fuller's 2025 fiscal year. BAS, as combined, generated approximately $850M in net revenue and approximately $130M in adjusted EBITDA in fiscal year 2024. H.B. Fuller also announced today that it has sold its Flooring business to Pacific Avenue Capital Partners. "This move is consistent with our strategy to drive our portfolio and capital allocation to the highest margin, fastest growing segments of the $80B global adhesives industry," says H.B. Fuller President and CEO Celeste Mastin. Proceeds from the sale are expected to be $80M, and the divestiture will result in a reduction in annual revenue of approximately $160M and adjusted EBITDA of approximately $15M going forward. The acquisition closed on Dec. 2, the second day of H.B. Fuller's 2025 fiscal year. H.B. Fuller was advised in the sale by Harris Williams.
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COIN AAPL | Hot Stocks12:47 EST Coinbase announces partnership with Apple Pay - Coinbase (COIN) announced the launch of Apple Pay (AAPL) for all fiat-to-crypto purchases via Coinbase Onramp, a tool to build onramps into existing products. Coinbase said: "Coinbase Onramp takes the hassle out of fiat-to-crypto conversions with lightweight KYC for eligible purchases, free USDC on and offramping, and access to the most popular payment methods. With Apple Pay, getting onchain only takes seconds... If you're an existing app using Coinbase Onramp, there's nothing you need to do. Your users will automatically see Apple Pay appear as an option when making an eligible purchase." Reference Link
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STLA | Hot Stocks12:39 EST Stellantis sees process to appoint new permanent CEO concluding within 1H25 - Stellantis said in a statement: "The process to appoint the new permanent Chief Executive Officer is well under way, managed by a Special Committee of the Board, and will be concluded within the first half of 2025. While the appointment of the new CEO is concluded the following organization is implemented with immediate effect. The Interim Executive Committee will be responsible for the direction and oversight of the Company on behalf of the Board of Directors. The IEC will be chaired by John ELKANN... Richard PALMER is appointed as Special Adviser to the Chairman and will attend the IEC to act as a sounding board for the leadership team."
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STLA | Hot Stocks12:37 EST Stellantis says process to appoint new permanent CEO 'well under way'
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SPG | Hot Stocks12:36 EST Simon Property reports 6.4% portfolio traffic increase over Black Friday weekend - Simon Property Group said it saw a "remarkably strong start" to the holiday shopping season on Black Friday that continued throughout the weekend, including a 6.4% increase in year-over-year traffic at its centers across the country amid preliminary reports of surging sales from retailers. Waves of customers kicked off their holiday shopping season across Simon's portfolio of centers across the country. Year-over-year traffic was up 5.9% on Black Friday and grew throughout the weekend, including a 6.3% increase on Saturday and 8.2% on Sunday. Data is verified by traffic counters deployed at Simon centers. The growth was experienced across all of Simon's platforms with Malls up an impressive +7.1%. The strong initial Black Friday reports represent a continuation of growth and momentum for Simon, which has seen a steady increase in shopper traffic leading into the holiday season, the company said. "On Black Friday and throughout the weekend, we saw even more evidence of what we already knew: Malls are thriving," said David Simon, Chairman, Chief Executive Officer and President of Simon. "Popular brands throughout our portfolio reported double-digit sales increases over the weekend compared to last year. Coast to coast, we saw lines prior to opening and throughout the day at many of our centers across the country. Shoppers know that Simon centers are a one-stop shop for all of their holiday needs. But beyond that, our incredible shopping destinations are places where people across all generations can connect and make holiday memories. We look forward to a continued strong holiday season."
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CDW | Hot Stocks12:34 EST CDW acquires Mission Cloud Services, terms not disclosed - CDW clearer today announced that it has acquired Mission Cloud Services, a cloud professional services, managed services and consulting provider. "The transaction complements CDW Digital Velocity - CDW's cloud, data, AI and software platform engineering organization - while bolstering CDW's existing cloud expertise, market scale and solution capabilities. Mission and CDW will come together as CDW's dedicated AWS practice," the company said in a statement. "The acquisition of Mission accelerates our three-part growth strategy by augmenting our cloud services and enhancing our ability to deliver customer-centric outcomes across the full technology solutions stack and lifecycle," said Christine Leahy, CEO of CDW.
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TSLA AAPL | Hot Stocks12:18 EST Tesla unveils app for Apple Watch - As part of the 2024 Tesla (TSLA) Holiday Update, the car maker unveiled an app for Apple Watch (AAPL), which allows users to use their Apple Watch as their phone key, as well as view battery charge, open the trunk, and turn on climate control. In addition, the company announced the ability to save and watch Dashcam and Sentry Mode clips directly from the Tesla app. Reference Link
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DAN | Hot Stocks12:01 EST Dana rises 13.9% - Dana is up 13.9%, or $1.39 to $11.39.
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ZETA | Hot Stocks12:00 EST Zeta Global rises 15.9% - Zeta Global is up 15.9%, or $3.40 to $24.70.
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FSLY | Hot Stocks12:00 EST Fastly rises 19.2% - Fastly is up 19.2%, or $1.63 to $10.11.
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JOBY | Hot Stocks12:00 EST Joby Aviation falls -11.7% - Joby Aviation is down -11.7%, or -$1.05 to $7.90.
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ACHR | Hot Stocks12:00 EST Archer Aviation falls -28.2% - Archer Aviation is down -28.2%, or -$2.69 to $6.88.
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EVTL | Hot Stocks12:00 EST Vertical Aerospace falls -28.2% - Vertical Aerospace is down -28.2%, or -$2.85 to $7.25.
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JTKWY | Hot Stocks11:35 EST Just Eat Takeaway.com confirms decision to end operations in France - Just Eat Takeaway.com confirms that it will proceed with its intention to cease operations in France following a consultation period which was first announced in July and recently completed. "The company's final date of operation will be 9 December 2024. The decision reflects the business' commitment to drive efficiencies and focus on building strong and sustainably profitable positions. While financial details have not been disclosed, the size of Just Eat in France represents a small part of Just Eat Takeaway.com. We are providing full support to all employees impacted by this difficult decision," the company stated.
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BUD | Hot Stocks11:04 EST AB InBev invests $10M in Jacksonville brewery - Anheuser-Busch announced a new $10M investment in its Jacksonville brewery. Over the last 5 years, Anheuser-Busch has invested nearly $2B in its facilities across the country to help create and sustain jobs and drive economic prosperity in the communities where it operates and its employees call home.Key Highlights of the Investment: Facility upgrades to maintain industry-leading quality standards and maximize efficiency Updates to the critical manufacturing equipment that make beer production possible Upgrades to critical plant infrastructure at the brewery The Jacksonville brewery, a cornerstone of Anheuser-Busch's U.S. operations since 1969, has played a crucial role in the $490M capital investments the brewer has made in Florida to date. Anheuser-Busch operates more than 120 facilities across the country and, with its distributor partners, employs 65,000 hardworking Americans. As the nation's leading brewer, Anheuser-Busch has the unique ability to create U.S. jobs and drive economic prosperity at this scale.
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AJG | Hot Stocks11:02 EST Arthur J. Gallagher acquires Hann Insurance, terms not disclosed - Arthur J. Gallagher & Co. announced the acquisition of Lambton, New South Wales-based Hann Insurance Brokers Pty Ltd. Terms of the transaction were not disclosed. Hann Insurance Brokers provides property/casualty insurance services for commercial clients throughout Australia with a focus on transport. Rhett Hann and his team will join Gallagher's Newcastle, New South Wales office under the direction of Sarah Lyons, head of retail property/casualty brokerage operations for Gallagher in Australia and Asia.
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UBSI | Hot Stocks10:48 EST United Bankshares receives final regulatory approval for Piedmont acquisition - United Bankshares has received all requisite regulatory approvals for its proposed merger with Piedmont Bancorp. This merger strengthens United's position in the Mid-Atlantic and Southeast. The combined organization will have more than $32 billion in assets and a network of over 240 locations across eight states and Washington, D.C., in some of the nation's most desirable banking markets. This transaction represents United's 34th acquisition. The respective boards of directors of United and Piedmont previously approved the merger agreement. In addition, the stockholders of Piedmont have approved the merger. Under the agreement, United will acquire 100% of the outstanding shares of Piedmont in exchange for common shares of United. The merger is expected to close in early 2025, subject to the satisfaction of customary closing conditions. At that time, Piedmont will merge into United, and The Piedmont Bank will merge into United Bank, with United and United Bank being the surviving entities. The former Piedmont offices will operate under the DBA United Bankshares in the State of Georgia. The operational conversion is anticipated to take place in late first quarter of 2025.
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VRSN | Hot Stocks10:28 EST NTIA announces renewal of cooperative agreement with VeriSign - The National Telecommunications and Information Administration announced Friday some context around the renewal of NTIA's existing Cooperative Agreement with Verisign, the registry operator for the .com Top Level Domain and a key player in the Internet's infrastructure, especially given concerns about .com pricing. Verisign manages the .com registry-just as other organizations manage registries like .biz or .org - and serves as a wholesaler of .com domains. Registrars and domain name resellers in turn sell domain names directly to businesses and individuals. The Internet Corporation for Assigned Names and Numbers directly contracts with registries to operate Top Level Domains. ICANN maintains its own .com registry agreement with Verisign, which it renewed last week. "The security and stability of the Internet are paramount to our national interests. The provider of .com registry services handles more than 300 billion queries per day on average, in the face of numerous cyberthreats. Over the years, Verisign has demonstrated itself to be a responsible steward, consistently maintaining the reliability of .com. Their track record has enabled a robust Top Level Domain that millions of Americans and citizens worldwide depend on daily. At the same time, Verisign's role as the .com registry does offer it significant power over wholesale pricing. The Agreement currently caps those prices at approximately $10 per domain per year, and would allow a 7% increase four out of the next six years. NTIA recognizes concerns about current pricing and believes a reduction in .com prices would be in the best interest of the public. We also recognize that prices at both the wholesale level and downstream, including prices charged by resellers and substantial markups by warehousers, need to be addressed. That said, both parties must agree to any changes in order for the Cooperative Agreement to be amended. Over the past several months, NTIA and Verisign have engaged in serious conversations, but, despite our best efforts, we have been unable to agree how wholesale .com pricing should change. Per its terms, the Cooperative Agreement will automatically renew and take effect on November 30, with its current requirements and existing price constraints in place. Given the importance of the Cooperative Agreement for the stability of the DNS, and the fact that NTIA does not have authority to set .com domain prices, we believe the continuation of the Agreement is in the public interest. NTIA will continue to look at pricing considerations and engage in oversight of the Cooperative Agreement to ensure that the Agreement fulfills its purpose to serve the public. The current terms do not permit any increases in wholesale .com prices until September 1, 2026, and we note that, absent the Agreement, higher prices would be possible, including during this period. We also note that the Cooperative Agreement continues to restrict Verisign from vertical integration for .com, meaning Verisign is not permitted to operate as a registrar for .com domains, a restriction that is not standard for other registries. Finally, we note that the Cooperative Agreement continues to provide that it "is not intended to confer federal antitrust immunity on Verisign." Reference Link
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VRSN | Hot Stocks10:27 EST NTIA provides context around cooperative agreement with VeriSign - The National Telecommunications and Information Administration announced Friday some context around the renewal of NTIA's existing Cooperative Agreement with Verisign, the registry operator for the .com Top Level Domain and a key player in the Internet's infrastructure, especially given concerns about .com pricing. Verisign manages the .com registry-just as other organizations manage registries like .biz or .org - and serves as a wholesaler of .com domains. Registrars and domain name resellers in turn sell domain names directly to businesses and individuals. The Internet Corporation for Assigned Names and Numbers directly contracts with registries to operate Top Level Domains. ICANN maintains its own .com registry agreement with Verisign, which it renewed last week. "The security and stability of the Internet are paramount to our national interests. The provider of .com registry services handles more than 300 billion queries per day on average, in the face of numerous cyberthreats. Over the years, Verisign has demonstrated itself to be a responsible steward, consistently maintaining the reliability of .com. Their track record has enabled a robust Top Level Domain that millions of Americans and citizens worldwide depend on daily. At the same time, Verisign's role as the .com registry does offer it significant power over wholesale pricing. The Agreement currently caps those prices at approximately $10 per domain per year, and would allow a 7% increase four out of the next six years. NTIA recognizes concerns about current pricing and believes a reduction in .com prices would be in the best interest of the public. We also recognize that prices at both the wholesale level and downstream, including prices charged by resellers and substantial markups by warehousers, need to be addressed. That said, both parties must agree to any changes in order for the Cooperative Agreement to be amended. Over the past several months, NTIA and Verisign have engaged in serious conversations, but, despite our best efforts, we have been unable to agree how wholesale .com pricing should change. Per its terms, the Cooperative Agreement will automatically renew and take effect on November 30, with its current requirements and existing price constraints in place. Given the importance of the Cooperative Agreement for the stability of the DNS, and the fact that NTIA does not have authority to set .com domain prices, we believe the continuation of the Agreement is in the public interest. NTIA will continue to look at pricing considerations and engage in oversight of the Cooperative Agreement to ensure that the Agreement fulfills its purpose to serve the public. The current terms do not permit any increases in wholesale .com prices until September 1, 2026, and we note that, absent the Agreement, higher prices would be possible, including during this period. We also note that the Cooperative Agreement continues to restrict Verisign from vertical integration for .com, meaning Verisign is not permitted to operate as a registrar for .com domains, a restriction that is not standard for other registries. Finally, we note that the Cooperative Agreement continues to provide that it "is not intended to confer federal antitrust immunity on Verisign." Reference Link
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CDW | Hot Stocks10:11 EST Great Hill Partners announces sale of Mission Cloud Services to CDW - Great Hill Partners has reached an agreement to sell Mission Cloud Services to CDW. Mission is a leading born-in-the-cloud managed services and consulting provider, offering end-to-end cloud services, innovative AI solutions, and software for Amazon Web Services customers. As an AWS-certified generative AI partner, Mission securely transforms customer data with AI and Machine Learning solutions and offers comprehensive protection for AWS-managed environments. Great Hill Partners developed the idea behind Mission in partnership with founder and CEO Simon Anderson. Great Hill Partners initially invested in Mission in 2017 and purchased and invested in three technology companies from 2017-2019 to bolster the Company's standing in the industry. Under Great Hill's ownership, Mission has become the largest independent AWS managed services company in the United States.
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DKNG | Hot Stocks10:01 EST DraftKings CEO says November was 'more typical month' - DraftKings co-founder and CEO Jason Robins, speaking at the 4th Annual Craig-Hallum Online Gaming Conference, says November was a more typical month, even a little on the positive side, notes that "yesterday was not." Says "kind of goes up and down, depending on the day."
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PL | Hot Stocks10:00 EST Planet Labs rises 13.2% - Planet Labs is up 13.2%, or 52c to $4.45.
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DAN | Hot Stocks10:00 EST Dana rises 14.9% - Dana is up 14.9%, or $1.49 to $11.49.
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FSLY | Hot Stocks10:00 EST Fastly rises 15.0% - Fastly is up 15.0%, or $1.27 to $9.75.
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STLA | Hot Stocks10:00 EST Stellantis falls -7.6% - Stellantis is down -7.6%, or -$1.00 to $12.20.
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FOA | Hot Stocks10:00 EST Finance of America falls -8.5% - Finance of America is down -8.5%, or -$1.65 to $17.79.
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ACHR | Hot Stocks10:00 EST Archer Aviation falls -14.0% - Archer Aviation is down -14.0%, or -$1.34 to $8.23.
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SDOT | Hot Stocks09:50 EST Sadot Group Inc trading resumes
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DAN | Hot Stocks09:49 EST Dana rises 12.2% - Dana is up 12.2%, or $1.22 to $11.22.
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MNSO | Hot Stocks09:48 EST Miniso rises 14.9% - Miniso is up 14.9%, or $2.99 to $23.00.
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SOS | Hot Stocks09:48 EST SOS Limited rises 15.6% - SOS Limited is up 15.6%, or $1.93 to $14.33.
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DTSS | Hot Stocks09:48 EST Datasea signs sales agreement for up to 300,000 high-tech acoustc units - Dataseahosted a product promotion event for its acoustics high-tech products, named "5G AI: Unlocking the Future with Sound. In addition, during the event Datasea entered into a strategic sales agreement with Qingrong Digital Chain Technology for the sale of up to an aggregate of 300,000 units of the Company's acoustic high-tech products. Under the strategic sales agreement with Qingrong, which has a term of five years, Qingrong plans to sell up to an aggregate of 300,000 units of Datasea's acoustic products annually, including air disinfection machines and sleep aids. These products, equipped with ultrasonic core modules, offer powerful sterilization, odor elimination, air purification, and sleep enhancement, suitable for both residential and commercial use. During the term of the agreement, Qingrong will resell these products through its extensive network of thousands of home decoration stores across China.
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STLA | Hot Stocks09:47 EST Stellantis falls -6.8% - Stellantis is down -6.8%, or -90c to $12.30.
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ACHR | Hot Stocks09:47 EST Archer Aviation falls -7.1% - Archer Aviation is down -7.1%, or -68c to $8.89.
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HSHP | Hot Stocks09:47 EST Himalaya Shipping falls -8.2% - Himalaya Shipping is down -8.2%, or -51c to $5.70.
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UMAC | Hot Stocks09:45 EST Unusual Machines Inc trading resumes
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WEL | Hot Stocks09:43 EST Integrated Wellness, Btab announce filing of registration statement on Form S-4 - Integrated Wellness Acquisition, a publicly traded special purpose acquisition company, and Btab Ecommerce Group, a global e-commerce and digital supply chain solutions provider, jointly announced the confidential submission of a draft registration statement on Form S-4 by IWAC Holding Company Inc., a newly created holding company organized under the laws of Delaware with the U.S. SEC. The Registration Statement relates to the proposed business combination between WEL and Btab, previously announced on May 31. The combined company will seek to be listed on one of the national exchanges. Completion of the proposed transaction is subject to regulatory approval, the approval of WEL's shareholders and other customary closing conditions.
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ARQQ | Hot Stocks09:42 EST Arqit Quantum trading resumes
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UMAC | Hot Stocks09:40 EST Unusual Machines Inc trading halted, volatility trading pause
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NCSM | Hot Stocks09:40 EST NCS Multistage trading resumes
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SMCI | Hot Stocks09:40 EST Supermicro jumps 14% after special committee finds no misconduct - The shares are up 14%, or $4.41, to $37.05 in morning trading.
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ARQQ | Hot Stocks09:37 EST Arqit Quantum trading halted, volatility trading pause
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ICLK | Hot Stocks09:37 EST iClick Interactive Asia trading resumes
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SDOT | Hot Stocks09:37 EST Sadot Group Inc trading halted, volatility trading pause
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ICLK | Hot Stocks09:32 EST iClick Interactive Asia trading halted, volatility trading pause
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TIPT | Hot Stocks09:31 EST Tiptree Financial announces 25c per share special dividend - Tiptree announced that its board of directors has approved the declaration and distribution of a special cash dividend of 25c per share of Tiptree Inc. Common Stock. The Special Dividend is payable on December 19, 2024, to holders of record on December 11, 2024. This Special Dividend is in addition to the Company's regular quarterly cash dividend of $0.06 per share most recently paid on November 25, 2024
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NCSM | Hot Stocks09:30 EST NCS Multistage trading halted, volatility trading pause
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DSX | Hot Stocks09:29 EST Diana Shipping announces time charter contract for m/v DSI Aquarius - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Aquarius. The gross charter rate is US$13,300 per day, minus a 5.00% commission paid to third parties, for a period of minimum ten months to about twelve months. The charter is expected to commence on December 6, 2024. The "DSI Aquarius" is a 60,309 dwt Ultramax dry bulk vessel built in 2016. The employment of "DSI Aquarius" is anticipated to generate approximately US$3.99 million of gross revenue for the minimum scheduled period of the time charter.
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MOVE | Hot Stocks09:28 EST Movano Health receives FDA clearance for EvieMED ring - Movano Health announced U.S. Food and Drug Administration, FDA, 510(k) clearance for the pulse oximeter in its EvieMED Ring. The clearance enables Movano Health to pursue multi-billion dollar business opportunities for health monitoring solutions needed for applications such as clinical trials, post-clinical trial management, and remote patient monitoring for both healthcare providers and payors.
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VENU | Hot Stocks09:27 EST Venu Holding announces partnership with Troy Aikman, Eight light lager - Venu Holding announced its partnership with former Dallas Cowboy and founder of Eight light lager, Troy Aikman. The partnership places Eight as the official "powered by" partner of all Texas and Oklahoma Outdoor Sunset Amphitheaters, owned by Venu. As part of this new partnership Troy Aikman will become the namesake of the exclusive, custom-built "Aikman Club" to be located inside each currently planned amphitheater in Texas and Oklahoma.
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NISN | Hot Stocks09:27 EST Nisun International announces a $82M corn supply agreement - Nisun International announced a significant expansion into the agricultural supply chain with a strategic cooperation agreement with Henan Yingda Feng Agricultural Development. The agreement, which involves the annual supply of 200,000 tons of corn products, is valued at approximately RMB 600 Million, approximately $82 million USD.
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PL | Hot Stocks09:25 EST Planet Labs teams with Laconic to deliver AI-powered forest carbon insights - Planet Labs PBC announced that they have signed a multi-year, seven-figure deal with Laconic, a company leading a global shift in climate finance, empowering governments to monetize natural carbon assets through its Sovereign Carbon securitization platform. For the next three years, Laconic will be receiving both Planet's 3 meter Forest Carbon Monitoring product and its 30 meter Forest Carbon product. Laconic operates the data management and interchange platform, SADAR Natural Capital Monetization, which provides the structured data, real-time tracking, and AI-powered verification required for carbon securities to trade efficiently in the global market. With Planet's satellite-data derived Forest Carbon products, Laconic will receive AI-powered forest carbon insights from around the globe. With these novel geospatial data feeds, Laconic will offer their customers accurate trends, correlations, and predictions to instill trusted trading confidence and empower informed decision-making in the carbon market.
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SMCI | Hot Stocks09:25 EST Supermicro began process to search for new Chief Financial Officer - Supermicro announced that the independent special committee formed by the company's board of directors has completed its review. As a result of these findings, the Special Committee recommended that the company a number of measures to strengthen the company's governance and support the dynamic growth of the business operations: including transition to a new Chief Financial Officer; Appoint a Chief Accounting Officer; Appoint a Chief Compliance Officer; Appoint a General Counsel and Expand the Legal Department; and others. The board has adopted all of the Special Committee's recommendations. To address the Special Committee's recommendations, and being mindful of the company's rapid business growth over the past two years, the board has instructed management to add additional experienced, senior talent commensurate with the company's size and complexity today and to prepare for its future growth. Specifically, the board's action in adopting all of the Special Committee's recommendations includes the following updates and planned measures: The company has begun a process to search for a new Chief Financial Officer. David Weigand will continue to serve as the Company's CFO until the Board has named his successor. Additionally, the company is accelerating its search for a Chief Compliance Officer and for a General Counsel. Kenneth Cheung has been appointed Chief Accounting Officer. Mr. Cheung is currently the Vice President of Finance and Corporate Controller of Supermicro and previously served as the Vice President of Operations at the Company. The company will continue expanding and enhancing its training programs as part of its commitment to continuous improvements in its financial controls and compliance processes.
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DSX | Hot Stocks09:25 EST Diana Shipping to purchase up to 15M shares at $2.00 in tender offer - Diana Shipping is commencing a tender offer to purchase up to 15,000,000 shares, or about 12.0%, of its outstanding common stock, using funds available from cash and cash equivalents on hand at a price of $2.00 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on December 31, 2024, unless extended or withdrawn. The Board of Directors determined that it is in the Company's best interest to repurchase shares at this time given the Company's cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders. Diana Shipping Inc. has retained Computershare Trust Company, N.A. as the depositary for the tender offer and Georgeson LLC as the information agent.
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IGC | Hot Stocks09:24 EST IGC Pharma expands clinical research program for IGC-AD1 - IGC Pharma announced an expansion of its clinical research program for IGC-AD1, an investigational treatment for Alzheimer's disease. Building on Phase 2 interim results demonstrating reductions in agitation and cognitive improvement, the Company is initiating new trials to evaluate IGC-AD1's potential as a disease-modifying therapy. The expanded research will explore how IGC-AD1's dual-action mechanism-combining anti-neuroinflammatory properties with amyloid- and tau-targeting effects-may slow the progression of Alzheimer's disease. These trials will evaluate critical outcomes, including cognitive function and biological markers associated with Alzheimer's, such as amyloid and tau levels, at multiple time points. Building on previously announced preclinical data showing IGC-AD1's impact on amyloid plaques and spatial memory, these investigations aim to explore its potential to influence key pathological features of Alzheimer's disease. As previously reported, preclinical studies in Alzheimer's mouse models demonstrated an approximate 50% improvement in spatial memory, and cell line data showed a significant 20% reduction in amyloid aggregation following treatment. These preclinical findings, along with the interim Phase 2 data on cognition, provide a solid scientific basis for the expanded research program, which aims to validate IGC-AD1's ability to address key pathological features of Alzheimer's disease. The ongoing 146-patient Phase 2 trial continues to enroll participants across the USA and Canada. With over 1,000 doses administered and no serious adverse events reported, the trial is on track to deliver comprehensive safety and efficacy data in 2025.
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TWLO AMZN | Hot Stocks09:24 EST Twilio Segment expands AWS deal to allow customers to build audiences - Twilio (TWLO) announced at AWS (AMZN) re:Invent 2024 the public beta availability of Linked Audiences in Twilio Segment for Amazon Redshift. The integration makes it easier for Twilio Segment and AWS customers to build audiences, enrich their customer profiles, and grow personalization at scale."With Linked Audiences, Amazon Redshift users can now create dynamic, context rich audiences that will drive effective personalized marketing campaigns that can increase engagement," said Thomas Wyatt, President of Twilio Segment. "This builds on our existing Segment and AWS product integrations and enables data teams the ability to link Segment unified profiles to critical business entity data that lives in the Redshift warehouse. Our data graph provides technical marketers with a rich view of the customer that can be used to send dynamic audience payloads that power impactful personalized campaigns in downstream systems." ..."Ultimately, knowing your customer starts with knowing your data," said G2 Krishnamoorthy, vice president of AWS Analytics. "Businesses leveraging AWS and Twilio Segment are able to manage all of their customer interactions in a standardized way across their AWS Analytics and AI infrastructure, leading to better engagement and a stronger understanding of the customer."
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EONR | Hot Stocks09:23 EST EON Resources announces $22.5M funding LOI with Enstream - EON Resources announced the signing of a non-binding Letter of Intent with Enstream Capital Management for $22.5 million of well completion funding. The Company anticipates using the WCF for the development of 45 wells using low-cost workovers on the Company's 13,700 leasehold acres in Eddy County, New Mexico. The Company also plans to use the funds for the acquisition of an Overriding Royalty Interest in the Property. The Company looks for key attributes of the WCF to include: Structured similar to a term overriding royalty interest to ECM and is considered neither debt nor equity. Provides asset-level funding to the Company enabling conversion of oil and gas "behind pipe" and lower-risk, proved undeveloped reserves into production. Placement of revenue attributable to ECM's interest into an escrow, then drawn monthly by the Company based upon, and to be used for, an agreed development plan under certain criteria. Increases the Company's producing reserves, business profitability, bank collateral and value, and balance sheet strength without diluting Company equity. EON and ECM view their relationship as a long-term opportunity to provide funding for multi-phase and multi-year development of the Property with minimal capital outlays by the Company. The details of the proposed production sharing arrangement proposed with ECM are confidential presently, but the Company's objectives will be to cause improvements in production, increase revenues, net cash flow and recoverable reserves over the next 12 months, with a goal to increase gross oil production by 1000 BOPD to 2000 BOPD. EON has substantial development prospects to pursue follow-on identified development phases, with over one billion barrels of original oil in place under its 13,700 contiguous acreage and 549 wells on its leases.
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LMB | Hot Stocks09:22 EST Limbach Holding acquires Consolidated Mechanical for $23M - Limbach Holding announced that it has acquired Consolidated Mechanical, or CMI. Founded in 1984 in Owensboro, Kentucky, CMI serves the heavy industrial, power, and commercial markets. CMI is a provider of mechanical, millwright, steel fabrication, plumbing construction, maintenance, and outage services to owners of complex process systems in the industrial sector. The acquisition of CMI was internally sourced by Limbach. Limbach paid an initial purchase price of $23M, and CMI is expected to contribute annualized revenue of approximately $23M beginning in 2025, and EBITDA of $4M per annum. Total consideration paid by Limbach at closing was $23M, subject to typical working capital adjustments. The acquisition was funded from available cash and has performance-based, contingent earn-outs totaling up to $2M, which would potentially be payable over the next two years.
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NICH | Hot Stocks09:21 EST Nitches, Inc. announcs enhancements to InTheZone Labs - Nitches announced significant advancements within its subsidiary. These developments include the launch of a dedicated YouTube channel featuring in-depth, podcast-style product videos, ingredients based deep dives, and the expansion of affiliate marketing creative through and for affiliate programs like ShareASale and Awin networks. Recognizing the growing consumer preference for video content, InTheZone Labs has introduced a YouTube channel that offers comprehensive discussions on each product. These podcast-style videos are also embedded on the InTheZone Labs Products Page, providing potential customers with detailed insights into product benefits and applications. The videos are embedded on the products page but also easily accessible on YouTube as well. InTheZone Labs is actively enhancing its affiliate marketing efforts by partnering with leading networks such as ShareASale and Awin. New affiliates are encouraged to join the program to promote InTheZone's products, with a suite of marketing materials being developed to support their efforts. This initiative aligns with the company's commitment to "Get In The Zone for 2025," aiming to broaden product reach and consumer engagement. The company is undertaking continuous updates to its website and social media platforms to improve user experience and provide timely information. These enhancements are part of a broader strategy to keep stakeholders informed about product developments and company news. New photography, videography and marketing updates are happening daily for our push to get people to Get InTheZone for 2025. InTheZone Labs is preparing to release detailed results from its Phase One Testing in the beginning of December . These findings are expected to provide valuable insights into product efficacy and consumer satisfaction, reinforcing the company's dedication to transparency and quality. Our different key groups have been giving some preliminary updates that have been favorable. Our team is currently working with the team leads to get the science articulated right.
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SBFM | Hot Stocks09:20 EST Sunshine Biopharma announces research results on K1.1 mRNA product - Sunshine Biopharma has completed mouse model studies providing proof-of-concept for the Company's K1.1 mRNA product as a novel therapeutic agent for human hepatocellular carcinoma. Human hepatocellular carcinoma is the third leading cause of cancer-related deaths worldwide and the most common type of primary liver cancers in adults. In recent years, several systematic treatment options were available to HCC patients either as first-line or second-line treatment. Yet, the five-year survival rate of HCC patients remains at only 18-21%. When transfected into cultured human HCC cell lines and patient-derived HCC cells, K1.1 mRNA exhibited dose-dependent anti-proliferative activity in vitro. Following encapsulation in specifically engineered lipids, the resulting K1.1 mRNA-Lipid Nanoparticles were efficiently delivered to livers of mice in a dose-dependent manner in vivo. K1.1/LNP, under repeated systemic dosing, was found to reduce growth of two different types of human HCC tumors orthotopically grafted into the livers of immunodeficient mice. The pharmacodynamics of K1.1/LNP in intrahepatic tumors was well correlated with antitumor efficacy in mice. "We are excited about these findings which show the feasibility of K1.1 mRNA technology to not only enter malignant liver cells in a dose dependent fashion, but also in a manner that inhibits growth of these same cells" said Dr. Steve Slilaty, CEO of Sunshine Biopharma and inventor of the Company's K1.1 mRNA technology. "We are currently conducting additional animal studies to delineate the therapeutic window and optimize dosing of our K1.1/LNP for use as a single agent in future treatment of HCC patients," he added.
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BOWL | Hot Stocks09:19 EST Bowlero rebrands as Lucky Strike Entertainment - Bowlero announced it will be rebranding to Lucky Strike Entertainment, effective December 12. As a part of this rebrand, Bowlero Corporation will also change its legal name to Lucky Strike Entertainment Corporation and its stock ticker symbol from (BOWL) to (LUCK), further emphasizing the brand's evolution. Following a rebranding initiative led by Kingsland. Key milestones in the rebrand include the transformation of over 75 Bowlero centers into Lucky Strike locations within the next two years, beginning with locations in high-profile markets such as Bowlero Chelsea Piers in Manhattan and Bowlero Tysons Corner in the DC area. This rollout will be highlighted by the debut of flagship locations, including Lucky Strike Beverly Hills in December.
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CNTMF | Hot Stocks09:19 EST Cansortium's FLUENT expands MOODS vaporizer line - Cansortium announced the expansion of its popular MOODS vaporizer line, bringing two new premium extensions to consumers in New York and Florida. Available now, adults across the Empire State can purchase MOODS Black at all Etain Health locations, while MOODS Winter is available exclusively to medical marijuana patients at all FLUENT locations across the Sunshine State.
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SYNX | Hot Stocks09:15 EST Silynxcom introduces APC headset to enhance drone sound awareness - Silynxcom announced its product aimed at boosting situational awareness and safety for armored personnel carrier crews and other heavy military vehicles. This technology addresses a critical challenge on the modern battlefield: detecting the distinct and potentially life-threatening drone humming while simultaneously maintaining hearing protection in high-noise environments. Military crews operating within armored vehicles rely on specialized headsets to communicate effectively amidst the overwhelming noise generated by vehicle engines and live weaponry. These headsets facilitate internal and external communication. Current technology utilizes ANR. This technology employed in headsets, customarily used in civilian environments, such as commercial airliners or trains, can reduce repetitive noises, such as the APC vehicle engine. As the battlefield evolves, this characteristic of ANR headsets may lead to the blocking of certain sounds that ought to be detected, such as the faint buzz of an approaching drone, a sound that could signal an imminent threat. Silynxcom's new APC headset integrates advanced auditory technology to allow for hearing protection from continuous and sudden sounds, while facilitating the selective amplification of certain environmental sounds, such as drone noise. The new headset is compatible with the most popular APC intercom and radio systems, such as plug and play, allowing for seamless upgrade of existing systems.
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NDAQ | Hot Stocks09:13 EST Nasdaq Stockholm streamlines dual listing process for U.S.-listed companies - Nasdaq announced an update to the Nasdaq Stockholm Main Market rulebook, effective from 1 January 2025. This update will streamline the listing review process for companies seeking to list on Nasdaq Stockholm simultaneously with or within 12 months of a listing on the U.S. exchanges, including the Nasdaq Stock Exchange and the New York Stock Exchange. As the first of several listing simplification initiatives, Nasdaq Europe is focused on driving capital markets integration and leading the development of EU capital markets and listing environment. Currently, the dual listing process is largely conducted independently in the US and Sweden, resulting in the duplication of time and resource-intensive tasks. Under the new model, companies approved to list in the US will still be reviewed through the Nasdaq Stockholm listing process but will no longer require a separate review by a listing auditor when applying for a dual listing on Nasdaq Stockholm. This task, associated with costs and efforts, is redundant for a company that has already been validated according to standards that are equivalent or similar.
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ILLR | Hot Stocks09:13 EST Triller to initiate initial phase of 'rejuvenating' application in Q1 - Triller Group revealed a milestone in its evolution by introducing the latest iteration of Triller. The app is poised to transform the digital realm for content creators, enthusiasts, and businesses. Following the recent announcement of Sean Kim, former Head of Product at TikTok, as the new CEO of Triller App and the Company's Triller Platform Co. subsidiary, the company is committed to initiating the initial phase of rejuvenating its application in the first quarter of 2025. A Comprehensive App Roadmap: The next generation of Triller App is anchored by a three-phased roadmap aimed at maximizing the potential of the platform: Phase 1: Reignition: Triller Group will revamp our app discovery experience and content ecosystem with exclusive content from top creators. Phase 2: Empower Creator Ownership: Aligning with our mission, Triller Group aims to redefine industry standards by offering innovative ways for creations to get full control and ownership of their fan relationships. Phase 3: Monetization: Triller Group will launch new monetization opportunities for creators and brands with cutting-edge AI. Furthermore, they will have access to advanced marketing and analytics tools from Amplify.ai, Julius, and Fangage to fuel audience growth, engagement, and conversion. The first phase of the app is on track to launch in Q1 2025, representing a pivotal milestone in the app's journey toward delivering exclusive content and experiences.
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SMCI | Hot Stocks09:12 EST Supermicro concludes review, adopts all special committee recommendations - Supermicro announced that the independent special committee formed by the company's board of directors has completed its review. As announced on August 30, the board of directors formed this committee in response to information that was brought to the attention of its audit committee. Among its findings, the independent special committee determined that the resignation of the company's former registered public accounting firm, Ernst & Young LLP and the conclusions EY stated in its resignation letter were not supported by the facts examined in the review, the special committee's interim findings reported to EY on October 2, or the special committee's final findings. The company said, "On November 5, 2024, the Company announced that the Special Committee's investigation preliminarily found that the Audit Committee had acted independently and that there was no evidence of fraud or misconduct on the part of management or the Board of Directors. The Special Committee's final findings support those initial findings, and the Company is now disclosing the details of the Review, along with measures recommended by the Special Committee. The Special Committee's investigation was intended to assess whether the information brought to the Audit Committee's attention by EY, and certain other matters identified during the Review, raised substantial concerns about (i) the integrity of the Company's senior management and Audit Committee, (ii) the commitment of the Company's senior management and Audit Committee to ensuring that the Company's financial statements are materially accurate, (iii) the Audit Committee's independence and ability to provide proper oversight over matters relating to financial reporting, and (iv) the tone at the top of the Company with regard to rehiring certain former employees and financial reporting. The Special Committee's key findings are summarized as follows: Management and Audit Committee integrity: The evidence reviewed by the Special Committee did not raise any substantial concerns about the integrity of Supermicro's senior management or Audit Committee, or their commitment to ensuring that the Company's financial statements are materially accurate. Audit Committee independence: As to the matters investigated by the Special Committee, the Audit Committee demonstrated appropriate independence and generally provided proper oversight over matters relating to financial reporting. The Special Committee also had no reservations about the independence of the Audit Committee and each of its members. Appropriate tone at the top: With respect to the rehiring of former employees, the tone at the top of the Company was appropriate and fully consistent with a commitment to proper financial reporting and legal compliance."
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FTNT | Hot Stocks09:11 EST Fortinet becomes Preferred Partner for Vancouver Canucks - NHL Vancouver Canucks and Fortinet announced that Fortinet has become the new Preferred Partner for the 2024-2025 season. Canucks Sports & Entertainment has chosen Fortinet's Security Fabric platform to reduce complexity and streamline the identification and remediation of network and security issues across the group's facilities.
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GLXZ | Hot Stocks09:10 EST Galaxy Gaming partners with BetConstruct to expand distribution - Galaxy Gaming announced an agreement with BetConstruct to license Galaxy's premium table game content across the Live Casino and RNG offerings powered by CreedRoomz and Pascal Gaming respectively. Under the agreement signed by Galaxy Gaming Inc. and BetConstruct's parent company SoftConstruct, Galaxy's popular online brands-including 21+3, Perfect Pairs, Buster Blackjack, Lucky Lucky, and Three Card Prime - will enhance BetConstruct's Blackjack, Baccarat, and Poker offerings, expanding both companies' presence in the global gaming market.
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KLIC | Hot Stocks09:10 EST Kulicke & Soffa completes $800M share repurchase program - Kulicke and Soffa Industries announced that it has completed its $800 million share repurchase program, originally initiated during its fiscal fourth quarter of 2017. Under this program, K&S repurchased approximately 22.7 million shares at an average price of approximately $35.25 per share. The completion of the program demonstrates the Company's commitment to its long-term growth prospects and delivering value directly to shareholders.
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BASE | Hot Stocks09:10 EST Couchbase introduces Capella AI Services - Couchbase unveiled Capella AI Services to help enterprises address the growing data challenges of AI development and deployment and streamline how they build secure agentic AI applications at scale. The comprehensive AI Services, including model hosting, automated vectorization, unstructured data preprocessing and AI agent catalog services, allow organizations to prototype, build, test and deploy AI agents while keeping models and data close together.
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LGCL | Hot Stocks09:09 EST Lucas GC receives invention patent in AI in China - Lucas GC had received an invention patent "Talent Scout-Based Holistic Recruitment System" in China. This is the third patent that Lucas has obtained in the year of 2024, making the total numbers of patents that Lucas holds at nineteen. This patent enables social media influencers to reach out to targeted talents by matching personalized recruitment contents generated based on the job requirements and the profiles and behaviors of the potential candidates.
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EAT | Hot Stocks09:09 EST Brinker appoints Wesley as VP of Marketing for Maggiano's Little Italy - Brinker International announces the appointment of Mike Wesley as Vice President, VP, of Marketing for Maggiano's Little Italy. In this role, Wesley will be instrumental in further amplifying and building the Maggiano's brand as it enters its next era of classic Italian American dining, driving key marketing and promotional strategies.
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CTRM | Hot Stocks09:09 EST Castor Maritime announces sale of M/V Ariana A for $16.5M - Castor Maritime entered, through a separate wholly-owned subsidiary, into an agreement with an unaffiliated third party for the sale of the M/V Ariana A, a 2005-built 2,700 TEU containership vessel, for a price of $16.5 million. The vessel is expected to be delivered to its new owner during the first quarter of 2025. The Company expects to record during the first quarter of 2025 a net loss of approximately $3.3 million from the sale of the M/V Ariana A, excluding any transaction-related costs.
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SANA | Hot Stocks09:08 EST Sana Biotechnology announces Fast Track designation for SC291 - Sana Biotechnology announced that the U.S. Food and Drug Administration granted Fast Track designation for SC291 in relapsed/refractory systemic lupus erythematosus, which includes extrarenal lupus and lupus nephritis. Fast Track is a process designed to facilitate the development and expedite the review of drugs to treat serious conditions and fill an unmet medical need. SC291, a hypoimmune-modified CD19-directed allogeneic CAR T therapy, is being evaluated in Sana's GLEAM trial in patients with B-cell mediated autoimmune diseases including lupus nephritis, extrarenal lupus, and antineutrophil cytoplasmic antibody-associated vasculitis. Sana is enrolling patients in this study and expects to share initial data in 2025.
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TURN | Hot Stocks09:07 EST 180 Degree Capital notes average discount of NAV per share to stock price - 180 Degree Capital noted that the average discount between its estimated daily net asset value per share and its daily closing stock price during November 2024 and year-to-date through the end of November 2024, were approximately 21% and 20%, respectively. This discount was approximately 26% on November 29, 2024, the last day of trading of the month. As previously disclosed in a press release on November 13, 2023, 180 Degree Capital's Board of Directors has set two measurement periods of January 1, 2024 to December 31, 2024, and January 1, 2025 to June 30, 2025, in which it will evaluate the average discount between TURN's estimated daily NAV and its closing stock price pursuant to a Discount Management Program. Should TURN's common stock trade at an average daily discount to NAV of more than 12% during either of these measurement periods, the Board will consider all available options at the end of each measurement period including, but not limited to, a significant expansion of 180 Degree Capital's current stock buyback program of up to $5 million, cash distributions reflecting a return of capital to shareholders, a tender offer, or other strategic options.
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EPOW | Hot Stocks09:06 EST Sunrise New Energy achieves sales volume of 3,419 tons in October - Sunrise New Energy announced robust sales growth, highlighting its expanding influence in the electric vehicle and energy storage sectors. In October 2024, the Company achieved a sales volume of 3,419 tons, representing an extraordinary 449.8% increase compared to October 2023. From January to October 2024, cumulative sales reached 22,476 tons, marking a 131.1% increase compared to the same period in 2023. "We are extremely proud of this significant order growth and expect even stronger sales in the final two months of 2024. It's a testament to the superior quality of our products and our position at the forefront of the anode material industry." stated Mr. Haiping Hu, CEO of Sunrise. " Earning the trust of world-class customers like CATL, HiTHIUM, and Pylon Technologies demonstrates the strength of our technologies and our uncompromising commitment to product quality. We remain dedicated to delivering exceptional financial performance and creating long-term value for our shareholders."
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RDWR | Hot Stocks09:05 EST Skyhawk adds Interactive Cloud Threat Detection, Response to platform - Skyhawk Security is adding an Interactive Cloud Threat Detection and Response capability to its platform. The new capability adds real-time user interaction to verify suspicious activity of both human and non-human identities that are the root cause of an alert. This closes context gaps between SOCs, cloud teams and identity owners, which reduces the load on the SOC, dramatically shortens Mean Time to Respond, better protects against cloud breaches and aligns with zero trust frameworks.
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TROW | Hot Stocks09:04 EST Oak Hill Advisors serves as lead left arranger for FloWorks refinancing - Oak Hill Advisors served as Administrative Agent and Lead Left Arranger for the private unitranche facility supporting FloWorks, a portfolio company of Wynnchurch Capital. FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications. OHA is the largest holder across the new financing facility, which will be used to refinance the company's existing debt and support future acquisitions.
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LPLA PYPL | Hot Stocks09:02 EST LPL Financial appoints Renana Friedlich as CISO - LPL Financial announced the strategic hire of Renana Friedlich as executive vice president and chief information security officer, bolstering the firm's commitment to cybersecurity in an increasingly challenging business landscape. Friedlich will report to Greg Gates, managing director and chief technology and information officer. In her new role, Friedlich will spearhead LPL's cybersecurity strategy and oversee the protection of the firm's IT infrastructure, networks and data. Before joining LPL, she was deputy CISO and senior director of cyber threat management at PayPal, leading a team of 120 security professionals
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BMY BHC | Hot Stocks09:00 EST Bausch Health appoints Jonathan Sadeh as CMO, head of R&D - Bausch Health Companies announced the appointment of Jonathan Sadeh M.D., M.Sc as Executive Vice President, Chief Medical Officer and Head of R&D. Most recently, at Bristol-Meyers Squibb, he was responsible for multiple drug approvals in dermatology and gastroenterology and held several key roles including Senior Vice President and Global Programs Head for Immunology, Cardiovascular and Neuroscience, Immunology Therapeutic Area Head, as well as the China R&D Head. In his new role, Jonathan will be responsible for overseeing the entire R&D process, working closely with our scientists and engineers. He will set the strategic direction and ensure alignment with our overall goal of enriching lives through our relentless drive to deliver better health outcomes.
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DCTH | Hot Stocks08:59 EST FDA finishes review of Delcath's IND application of HEPZATO combo trial - Delcath Systems announced that the U.S. Food and Drug Administration FDA has completed its 30-day review of the Company's Investigational New Drug IND application for a Phase 2 clinical trial evaluating HEPZATO in combination with standard of care SOC for liver-dominant metastatic colorectal cancer mCRC . With the FDA's review complete, Delcath is now authorized to initiate patient enrollment. The Phase 2 trial will evaluate the safety and efficacy of HEPZATO in combination with trifluridine-tipiracil and bevacizumab compared to trifluridine-tipiracil and bevacizumab alone in patients with liver-dominant mCRC receiving third-line treatment. The trial's primary endpoint, hepatic progression-free survival hPFS , is anticipated to read out by the end of 2027, while overall survival OS , a secondary endpoint, is expected in 2028. "This Phase 2 trial represents an exciting step forward in evaluating HEPZATO as a treatment for patients with liver-dominant metastatic colorectal cancer," said Gerard Michel, Chief Executive Officer of Delcath Systems, Inc. "The study reflects our commitment to expand the potential applications of HEPZATO beyond metastatic uveal melanoma, offering new hope to an additional group of patients with liver dominant cancers."
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HUBC | Hot Stocks08:57 EST HUB Security says 'poised for continued growth' driven by Secured Data Fabric - The company said, "Looking ahead, we believe HUB is poised for continued growth driven by its Secured Data Fabric platform. With a solid foundation in place, we believe the Company is well-positioned to capitalize on the growing demand for secure, scalable data management solutions in the financial and enterprise sectors. In today's financial landscape, banks face a growing compliance burden with increasing demands for data protection, traceability, and transparency. Traditional data security solutions often fail to meet these heightened regulatory standards, and we see HUB leading the charge in delivering innovative, reliable solutions that empower banks to stay ahead of compliance challenges."
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STXS | Hot Stocks08:54 EST Stereotaxis to showcase GenesisX Robotic System at RSNA 2024 - Stereotaxis and Neusoft Medical Systems announced that Stereotaxis' latest GenesisX robotic system is being featured for the first time at Neusoft Medical Systems' booth at the Radiology Society of North America's 2024 Annual Meeting taking place December 1-5 in Chicago, IL. RSNA is the premier annual radiology forum in the world, with over 50,000 attendees from over 150 countries. Neusoft Medical Systems is a global leader in advanced medical imaging solutions, with over 47,000 installed systems that provide high-quality care to patients and healthcare providers globally. Stereotaxis' GenesisX System, the latest innovation in endovascular robotics, is being showcased for the first time alongside Neusoft Medical Systems' NeuAngio 30F fluoroscopy system. Presence at RSNA reflects a growing collaboration between Stereotaxis and Neusoft Medical Systems to integrate and commercialize complementary technologies. GenesisX builds upon the well-established benefits of Robotic Magnetic Navigation technology, while reducing complexities and barriers to hospital adoption. This system is designed to enhance precision, efficiency, and safety across a broad range of endovascular procedures.
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CARR | Hot Stocks08:54 EST Carrier Global completed the sale of its Commercial, Residential Fire business - Carrier Global announced it has completed the sale of its Commercial and Residential Fire business to an affiliate of Lone Star Funds for an enterprise value of $3 billion. "The sale of our Commercial and Residential Fire business is the final step in our strategic portfolio transformation, further simplifying and focusing our company, and strengthening our global leadership position in intelligent climate and energy solutions," said Carrier Chairman & CEO David Gitlin. "As we enter 2025, we are laser-focused on our customers, growth, innovation and execution. We are deeply committed to delivering unparalleled value for our customers, shareowners and employees as a higher-growth, pure-play company dedicated to improving lives and creating a more sustainable world for generations to come."
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KNDI | Hot Stocks08:53 EST Kandi Technologies appoints Bin Yu as CEO, SC Autosports - Kandi Technologies Group announced that, following a thorough review and decision by its management team, Mr. Bin Yu has been appointed CEO of SC Autosports, the Company's U.S. subsidiary. Before joining Kandi, Mr. Yu held the following key positions: October 2020 - February 2024: Vice President, BoulderAI Technologies Co., Ltd., Hangzhou, China. Concurrently, Johnny Tai will transition from his role as CEO of SC Autosports to Vice President, where he will focus on expanding the Company's dealer network.
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CMP... | Hot Stocks08:53 EST Intrepid Potash appoints Kevin Crutchfield as Chief Executive Officer - Intrepid Potash (IPI)announced the Board of Directors of Intrepid has appointed Kevin S. Crutchfield as Chief Executive Officer and Board director, effective immediately. "Kevin is an accomplished and recognized executive in the mining industry who brings extensive leadership experience in navigating global industry dynamics Crutchfield has over three decades of global mining experience and over twenty years of leadership, operating and technical experience in public company and board of director roles. Crutchfield recently served as President and CEO of Compass Minerals (CMP), where he acquired highly relevant experience in minerals mining, brine operations, and specialty fertilizer products and markets. Before that, he served as CEO of Alpha Natural Resources (ANR) and later Contura Energy (since renamed Alpha Metallurgical Resources (AMR), where he led growth initiatives and strategic acquisitions that resulted in the company becoming one of the largest coal mining enterprises in the United States. Crutchfield also worked for Pittston Coal Company in various operating and executive management positions along with Denver based Cyprus Amax Minerals Company and the El Paso Corporation. He holds a B.S. in Mining and Minerals Engineering from Virginia Polytechnic Institute and State University ... Matt Preston will continue to serve as Intrepid's Chief Financial Officer. Whitham added, "I would also like to thank Matt for stepping in to serve as acting principal executive officer throughout our search process. He is an invaluable member of the management team and we look forward to his continued contribution to Intrepid's success."
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INAQ | Hot Stocks08:52 EST Alpha Modus, CashXAi to enter strategic partnership agreement - Alpha Modus Corp. and CashXAI announced a definitive agreement to enter a strategic partnership to grow the market share of CashX kiosks and wallet app infused with AI technology targeting retail consumer marketing. The partnership terms outline Alpha Modus and CashX will engage in joint marketing efforts to launch the kiosk solution in agreed target markets to create any necessary agreements and licenses to enable retailers and consumers to utilize the solution. The economic terms agreed upon by each company will determine shared revenues derived from the sale and use of the CashX kiosks and wallet app. Alpha Modus is party to a business combination agreement with Insight Acquisition Corp. whereby Alpha Modus plans to become a publicly trading company.
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UEEC | Hot Stocks08:52 EST United Health Products provides update on clinical study process - United Health Products provided an update on the company's planned clinical study. As previously disclosed, United Health Products is conducting a clinical trial of its CelluSTAT Hemostatic Gauze product in response to the FDA's request for additional clinical data. On November 29th, the company submitted to the FDA an Investigational Device Exemption application, the approval of which is a precondition to enroll patients in the planned study. The IDE contains, among other elements, a proposed study protocol for the testing of approximately 30 subjects across 3-5 surgical facilities, with the objectives of confirming non-inferiority and superiority, as well as safety, of CelluSTAT versus the standard of care in open surgical procedures in the abdominal space. The FDA generally seeks to respond to IDE applications within 30 days, subject to availability of resources. Concurrently with the preparation of its IDE, UHP has solicited and reviewed proposals from several contract research organizations to partner with the company and provide clinical study project management, site monitoring, safety oversight and data management services, in order to ensure strict compliance with Good Clinical Practice. Following the review and negotiation, a CRO partner has been selected. In addition, the company has engaged with surgical center operators to identify and evaluate suitable sites at which to conduct the clinical study. During the FDA's review period, UHP will finalize surgical site evaluations, prepare training materials for site investigators, and engage a Central IRB to oversee the study process, with the objective of commencing enrollment of study subjects as soon as possible following FDA approval of its IDE. The design, execution and analysis of the clinical study, along with the completion of remaining tasks to fully address the FDA deficiencies letter, will require UHP to secure external funding. The company is in discussions with several potential capital providers, including certain longtime investors in UHP, to raise the necessary funds. UHP will seek to negotiate investment terms of a private placement that minimize dilution to existing shareholders. The company does not currently anticipate drawing upon its existing stock purchase agreement with White Lion Capital. Separate from PMA application activities, the company acknowledges the historically low market price of its common shares and the difficulties faced by certain investors to achieve liquidity in their shareholdings. UHP has identified several actions that it believes may address these market conditions including the expansion of its Board of Directors and establishment of a qualified Audit Committee, the retention of an outside investors relations firm that can assist the company's efforts to reach a broader investor universe, and seeking an uplisting from the current OTCPK exchange to a more established trading platform such as OTCQB or similar exchange. Subject to raising the necessary capital, UHP anticipates completing these initiatives during the first quarter of 2025.
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CHSYF | Hot Stocks08:51 EST China Medical System gains exclusive commercialization right of ABP-671 - China Medical System entered into an Exclusive Commercialization Agreement with Atom Therapeutics of class 1 innovative drug ABP-671 for the treatment of gout and hyperuricemia. In accordance with the Agreement, the Group is entitled to an exclusive commercialization right of the Product in Mainland China, Hong Kong Special Administrative Region and Macao Special Administrative Region. The term of cooperation commences on the effective date of the Agreement and extends for ten years from the date the Product is first approved for market launch in Mainland China. Upon the expiration of the Authorization Term, it may be automatically renewed for an additional ten years, subject to specific conditions stipulated in the Agreement. ABP-671 is a class 1 innovative chemotherapeutic drug for the treatment of gout and hyperuricemia, currently in Phase 2b/3 clinical trials for gout in China and overseas. The Product reduces renal re-absorption of uric acid by inhibiting Urate Anion Transporter 1. The results of two completed phase 2 clinical trials demonstrated favorable efficacy and safety profiles across multiple dose groups of ABP-671. The 2 mg once-daily dosage of the Product was proved to be as effective as, or even better than, benzbromarone or febuxostat. The reduction in uric acid levels was sustained throughout the 24-hour period, with no significant safety concerns identified. This product is anticipated to offer more effective and safer treatment alternatives for patients suffering from gout and hyperuricemia. Multiple patents in regard to substance and use of the ABP-671 have been granted in China. ABP-671 is currently with the potential to be the promising and safe product for the treatment of gout and hyperuricemia. Through this collaboration, it fills the blank in the CMS's product portfolio of the treatment of gout. Gout and hyperuricemia are both rheumatic diseases and chronic metabolic diseases, which are highly consistent with the Group's strategic layout in the cardio-cerebrovascular/ gastroenterology business and the network resources of marketed products. If approved for marketing in the future, the Product will synergize with the Group's marketed product Metoject in rheumatology and with Elcitonin in endocrinology and orthopedics, in terms of expert network and market resources. Based on the unmet clinical needs and the expected solid clinical data of the Product, the Group is looking forward to the smooth advancement of the clinical development of ABP-671, allowing patients with relevant indications to benefit from this innovative treatment sooner.
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ONMD BAYRY | Hot Stocks08:50 EST OneMedNet announces collaboration with Bayer's AI Innovation Platform - OneMedNet Corporation (ONMD) announced its collaboration with Bayer's (BAYRY) AI Innovation Platform. By joining AIIP, the partnership aims to empower the developer teams of healthcare organizations and startups in building scalable and compliant AI-powered medical imaging software products, OneMedNet said. "We are thrilled to join forces with Bayer's AI Innovation Platform," said Aaron Green, CEO & President of OneMedNet. "This collaboration allows us to combine our regulatory-grade real-world data platform, which aggregates data from our provider network of over 1,400 healthcare provider facilities, with Bayer's innovative AIIP."
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MDAI | Hot Stocks08:48 EST Spectral AI completes truthing of burn center images, initiaties image review - Spectral AI announced the completion of truthing for all images gathered from burn centers across the United States. This milestone represents a pivotal step in training the Company's proprietary DeepView System to predict wound healing outcomes accurately. Having completed the process for burn centers, Spectral AI is now initiating truthing for images collected from emergency departments and emergency rooms nationwide, expanding the scope of the DeepView System's capabilities. Truthing is the rigorous process of gathering 'ground truth' data that verifies whether portions of a wound did or did not heal and then using this data for training of its AI-powered algorithm. For each patient, images are collected during the early stages of treatment and correlated with biopsies, 21-day wound assessments, and expert evaluations. This combination of data creates a "ground truth" dataset, enabling the DeepView System to distinguish between wounds likely to heal and those requiring intervention. The Company's Burn Biopsy Algorithm, developed alongside leading experts, integrates advanced machine learning with clinical insights, allowing the DeepView System to identify healing trajectories with unprecedented effectiveness. By leveraging data from the largest burn tissue bank ever assembled, the DeepView System is designed to provide clinicians with actionable information and reducing guesswork. Now, Spectral AI is expanding its focus to emergency departments, where the stakes are equally high. The truthing process will include data collected during the critical early stages of care, enabling the DeepView System to adapt to a broader range of clinical scenarios.
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PCG | Hot Stocks08:48 EST PG&E raises quarterly dividend to 2.5c per share - On November 29, PG&E declared its Q4 regular cash dividend of 2.5c per share on the Corporation's common stock. The dividend is payable on January 15, 2025, to shareholders of record as of December 31, 2024. The prior dividend was 1c per share.
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GELS | Hot Stocks08:46 EST Gelteq announces largest U.S. customer increases initial order by 50% - Gelteq announces its largest U.S. customer, Healthy Extracts, has increased its initial purchase order of Gelteq collagen and Mynus sugar blocker gels by 50%, citing high demand and popularity of the products. Healthy Extracts' platform acquires, develops, patents, markets, and distributes plant-based nutraceuticals that target select high-growth categories within the multibillion-dollar nutraceuticals market. This growing partnership supports Gelteq's strategic push into the U.S. market following the recent hiring of Adam Bendell as the Company's U.S. President and the establishment of a U.S.-based office. Production of Healthy Extracts' order is underway, with shipment expected in January 2025. Gelteq and the Healthy Extracts team will continue to expand the range of their partnership and expect to announce new products in early 2025.
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BBKCF | Hot Stocks08:45 EST Bigg Digital Assets says Netcoins trading volume exceeds C$100M in November - BIGG Digital Assets announces Netcoins is seeing record-breaking trading activity on its Canadian trading platform during November. Netcoins trading volume exceeded $100m CAD in November, largely driven by Bitcoin price appreciation and a momentous shift to a positive crypto sentiment in the industry; Netcoins generated over $1,500,000 CAD in revenue during November, its second-highest month of the year, while Operating Costs are anticipated to be consistent with previous months of 2024; Bitcoin has seen sharp increases in price since the US elections, reaching $140,000 CAD / $99,000 USD in value. Several crypto assets are seeing major gains in the market, including XRP, SOL, ADA and HBAR; Netcoins currently has customer Assets Under Custody of ~$174.9M; BIGG Digital Assets holds 100 Bitcoin on its Balance Sheet. "The crypto market has seen tremendous growth following the United States Presidential election. Bitcoin itself has seen a 40% rise in value since the election, and could potentially surpass $100,000 USD in value", said Netcoins CEO Fraser Matthews. The trading volume for November has been over $100m CAD. Based on this volume, Netcoins has generated $1.5m CAD in revenue, a 240% increase over November 2023. We have seen growth in trading volumes, client registrations and assets under custody."
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EOSE | Hot Stocks08:45 EST Eos Energy names Francis Richey as Chief Technology Officer - Eos Energy Enterprises "announced that Francis Richey, former Senior Vice President of Eos Research & Development, has been appointed Chief Technology Officer. Richey, who has been with Eos since 2015, brings a wealth of experience in electrochemical engineering and battery product development. Richey joined Eos as a Senior Battery Scientist in 2015 and quickly advanced through several leadership roles. Most recently he served as Senior Vice President of Eos Research and Development, where he played a pivotal role in the development of the Eos Z3(TM) battery and the advancement of the Company's energy storage technology."
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BKYI | Hot Stocks08:44 EST BIO-key, Fiber Food Systems collaborate to enhance security, efficiency - BIO-key has entered into an agreement with Fiber Food Systems. In the transaction, BIO-key acquired 5,000,000 shares of common stock of Boumarang, Inc. from Fiber in exchange for 595,000 shares of BIO-key, representing nineteen percent of its issued and outstanding shares. Boumarang, Inc. is an innovative company pioneering sustainable, long-range drone technology powered by AI-driven hydrogen fuel. This transaction strengthens BIO-key's balance sheet with an additional $5 million of net assets. This collaboration combines BIO-key's expertise in secure, scalable, and versatile IAM solutions with Fiber's food tech know-how and presence in food distribution channels. BIO-key's PortalGuard IAM platform provides multi-factor authentication with a unique focus on biometrics, supporting over 35 million users worldwide with phoneless, tokenless, and passwordless access options. As Fiber executes its planned food service and retail footprint, particularly across schools, universities, and large institutional cafeterias, integrating BIO-key's identity and access solutions will enhance security, streamline access, and improve operational efficiency in these high-traffic environments.
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RC | Hot Stocks08:42 EST Ready Capital enters merger agreement with United Development Funding IV - Ready Capital and United Development Funding IV announced that they have entered into a definitive merger agreement pursuant to which Ready Capital will acquire UDF IV. Upon completion of the transaction, Ready Capital is anticipated to have a pro forma equity capital base in excess of $2.2 billion. Under the terms of the merger agreement, UDF IV will be permitted to distribute up to $75 million of cash on its pre-closing balance sheet to its shareholders prior to the transaction closing representing value distributed by UDF IV to its shareholders of up to $2.44 per share. Following such distribution, as part of the merger consideration, each share of UDF IV common stock will then be converted into 0.416 shares of Ready Capital common stock, with UDF IV shareholders receiving a total of approximately 12.8 million shares of Ready Capital common stock. The Exchange Ratio was negotiated to reflect an adjustment for the expected Pre-Closing Distribution, as well as other valuation adjustments. Based on Ready Capital's closing share price on November 29, 2024, the implied value of the Ready Capital shares expected to be issued in connection with this closing is approximately $94 million or $3.07 per UDF IV share. At closing, UDF IV shareholders are expected to own approximately 7% of Ready Capital's outstanding shares. In addition, as part of the merger consideration, UDF IV shareholders will be entitled to receive additional stock consideration after closing under contingent value rights to be issued by Ready Capital, which UDF IV management estimates will generate payments of up to $0.38 per UDF IV share over time before any accrued dividends related to such Ready Capital shares are paid. The combined company will continue to operate under the name Ready Capital and its shares are expected to continue trading on the New York Stock Exchange under the existing ticker symbol "RC" and Waterfall Asset Management, LLC will continue to manage the combined company. Upon completion of the merger, Ready Capital's Chairman, Chief Executive Officer and Chief Investment Officer, Thomas Capasse, will continue to lead the company and Ready Capital executives Jack Ross, Andrew Ahlborn, Gary Taylor and Adam Zausmer will remain in their current roles. The combined company will remain headquartered in New York, New York. Under the terms of the CVR, UDF IV shareholders will have the right to receive additional shares of Ready Capital common stock with a value equal to 60% of any cash received from certain UDF IV loans in excess of the outstanding principal of such loans and net of certain costs. CVR holders will also receive consideration, payable at Ready Capital's option, in cash or additional Ready Capital shares, equal to the dividends paid on the Ready Capital shares issued under the CVRs during the period between the closing date and the share issuance date. The Trust estimates that UDF shareholders will receive approximately $0.38 in value per share from the CVR over time before accounting for any accrued dividends related to the Ready Capital shares issued. The transaction has been unanimously approved by the Board of Directors of Ready Capital and the Board of Trustees of UDF IV, acting upon the unanimous recommendation of a special committee of UDF IV's independent trustees. The transaction is expected to close in the first half of 2025, subject to the approval of UDF IV shareholders and other customary closing conditions.
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ADBE INTU | Hot Stocks08:39 EST Adobe appoints Lara Balazs as chief marketing officer - Adobe (ADBE) announced the appointment of Lara Balazs as chief marketing officer, or CMO, and executive VP, global marketing reporting directly to CEO Shantanu Narayen. Balazs previously served as CMO and general manager, strategic partner group at Intuit (INTU).
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CTXXF | Hot Stocks08:38 EST Cematrix appoints Randy Boomhour as president, CEO - CEMATRIX announces that as part of the Company's succession plan, Randy Boomhour has been named President and CEO for the Corporation effective November 29, 2024. Mr. Boomhour joined CEMATRIX in 2020 as CFO, added the role of GM for CEMATRIX Canada in 2023, and was promoted to COO in 2024. Mr. Boomhour brings over 20 years of senior executive experience to his new role.
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CARV | Hot Stocks08:38 EST Dream Chasers urger shareholders to drive change at Carver Bancorp - Dream Chasers Capital called on large financial institutions and funds that have invested in Carver Bancorp to support nominees that will drive change on the Carver Board of Directors. Dream Chasers said, "While these investors' support of Carver over the years has been admirable, we can all agree it is counterproductive to support a Board that has presided over a prolonged period of poor performance. In an open letter, Dream Chasers urged institutional shareholders to vote for Mr. Jeffrey "Jeff" Anderson and Mr. Jeffrey Bailey for election to the Board ahead of the December 12, 2024 Annual Meeting of Shareholders."
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CTXXF | Hot Stocks08:37 EST Cematrix CEO Jeff Kendrick to retire - CEMATRIX announces the retirement of Mr. Jeff Kendrick, President and CEO, effective November 29, 2024. Mr. Kendrick has also retired from the Board of Directors of the Company effective November 29, 2024. Mr. Kendrick has chosen to retire for personal and family reasons.
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MAMO VMAR | Hot Stocks08:37 EST Massimo, Vision Marine announce production partnership - Massimo Group (MAMO) announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies (VMAR). This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets. As part of Vision Marine's strategic shift to offer complete electric boats directly to consumers, this partnership is expected to be a key step in rapidly delivering high-quality electric marine products to market. As part of the agreement, Massimo Marine will supply pontoon boats to be equipped with Vision Marine's E-Motion 180E Powertrain System, a complete turnkey electric powertrain solution. "This product is the result of years of requests from nautical bases and operators who have been asking for a reliable, turn-key electric solution," said Alexandre Mongeon, CEO of Vision Marine. "With this partnership, we aim to bridge the gap efficiently, delivering what the industry has long demanded. By combining our world-record-breaking, third party-tested technology with Massimo Marine's manufacturing capabilities, we're creating a solution that we believe is as dependable as it is innovative."
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INTC | Hot Stocks08:37 EST Intel up 6% after announcing retirement of CEO Pat Gelsinger - Shares of Intel are up $1.40, or 6%, to $25.45 in pre-market trading after the company announced that CEO Pat Gelsinger retired from the company and has stepped down from the board of directors, effective yesterday, December 1. Intel has named David Zinsner and Michelle Johnston Holthaus as interim Co-Chief Executive Officers while the board of directors conducts a search for a new CEO, it noted.
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MRVL | Hot Stocks08:36 EST Marvell expands strategic collaboration with AWS - Marvell Technology (MRVL) announced the expansion of their strategic relationship with Amazon, AMZN) Web Services, AWS, through a five-year, multi-generational agreement that includes collaboration across multiple AWS products and the use of AWS cloud infrastructure, underscoring their shared commitment to driving innovation and excellence in accelerated infrastructure. This agreement covers a broad range of data center semiconductors from Marvell, including the supply of custom AI products, optical digital signal processors, active electrical cable DSPs, PCIe retimers, data center interconnect optical modules and Ethernet switching silicon solutions. Marvell's pioneering role in essential silicon technologies enhances AWS to continue to advance their data center compute, networking and storage offerings, allowing AWS and their customers to achieve greater efficiency, lower total cost of ownership, and faster time to market.
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PMD | Hot Stocks08:36 EST Psychemedics announces reverse stock split, forward stock split - Psychemedics announced that, following the approval of the Company's stockholders at its Annual Meeting of Stockholders held on November 25, 2024, the Company's Board of Directors has approved a 1-for-5,000 reverse stock split of its common stock followed immediately by a 5,000-for-1 forward stock split of its common stock, to be effective at 5:01 p.m. and 5:02 p.m., Eastern Time, respectively, on Tuesday, December 3, 2024. Beginning with the opening of trading on Wednesday, December 4, 2024, the Company's common stock will continue to trade on the Nasdaq Capital Market on a post-Forward Stock Split basis under the existing symbol "PMD". Stockholders who hold fewer than 5,000 shares immediately prior to the Reverse Stock Split will be paid $2.35 in cash, without interest, for each share of the Company's common stock held by them at the effective time of the Reverse Stock Split, and thereafter they will no longer be stockholders of the Company. Stockholders owning more than 5,000 shares of the Company's common stock at the effective time of the Reverse Stock Split will not be entitled to receive any cash for their fractional share interests resulting from the Reverse Stock Split, if any. The Forward Stock Split, which will immediately follow the Reverse Stock Split, will reconvert whole shares and fractional share interests held by the Continuing Stockholders back into the same number of shares of common stock held by such Continuing Stockholders immediately before the effective time of the Reverse Stock Split. As a result of the Forward Stock Split, the total number of shares of the Company's common stock held by a Continuing Stockholder will not change as a result of the Reverse Stock Split. The 18-month Note bears a low interest rate of 0.25% per annum, carries no commitment fee or original issue discount and is subject to an initial minimum return hurdle of 1.11x within the first four months of the Note's term that scales up to 1.35x over its term. In connection with this financing, Macquarie will receive warrants for 1,035,197 shares of Applied Digital Common Stock with a strike price of $9.66 per share.
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MDJH UOKA | Hot Stocks08:35 EST MDJM Ltd announces ticker symbol change - MDJM LTD (MDJH) announced that its ticker symbol will change from "MDJH" to "UOKA." Effective on December 3, 2024, the Company's ordinary shares will trade on the Nasdaq Capital Market under the new symbol "UOKA".
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VRSSF | Hot Stocks08:33 EST Verses Technologies provides end of year update - VERSES AI announces milestones for the year end update of significant progress in research and product development. VERSES is seeing very positive results during its internal testing of the Atari challenge and anticipates providing an update on its progress on the Atari 10k Challenge in December. The Atari 100K Challenge, introduced in 2015, involves producing a single AI model that can be trained to meet or beat human-level performance on a pool of up to 26 classic Atari games. The AI model must learn directly from pixel data, using only the score as a reward signal. Leadership will provide broader context around benchmarking and showcase early results in comparison to other AI models. Genius has matured into a suite of tools for machine learning practitioners to model complex dynamic systems and generate autonomous intelligent agents that continuously reason, plan, and learn. The Company expects to release a software update to beta users in December, which, based on user feedback, includes several improvements to the runtime environment, model building tools, performing inference, and lifecycle management to enable users to design and deploy Genius Agents. VERSES anticipate offering Genius commercially to select partners in the coming months. In December, VERSES researchers will attend the 38th Annual Conference on Neural Information Processing Systems held in Vancouver, Canada from December 10-15. The event includes over 16,000 registrations and 3,500 accepted papers in 2023. Only 26% of submitted papers are accepted and this year 10 papers from VERSES were accepted with topics spanning, among other areas, active inference, predictive coding, embodied agents, and robotics. Professor Karl Friston will present at the NeuroAI workshop entitled, "The three faces of AI," and participate in a panel discussion on the fusion of AI and Neuroscience with fellow pioneer Yoshua Bengio. The company anticipates additional commercial activity from existing Genius partners, current commercial partners such as Analog, and new commercial relationships through the end of 2024 and continuing throughout 2025.
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INTC | Hot Stocks08:33 EST Intel CEO Pat Gelsinger retires - Intel announced that CEO Pat Gelsinger retired from the company after a 40-plus-year career and has stepped down from the board of directors, effective Dec. 1. Intel has named two senior leaders, David Zinsner and Michelle Johnston Holthaus, as interim co-chief executive officers while the board of directors conducts a search for a new CEO. Zinsner is executive vice president and chief financial officer, and Holthaus has been appointed to the newly created position of CEO of Intel Products, a group that encompasses the company's client computing group, data center and AI Group and network and edge group. Frank Yeary, independent chair of the board of Intel, will become interim executive chair during the period of transition. Intel Foundry leadership structure remains unchanged. The board has formed a search committee and will work diligently and expeditiously to find a permanent successor to Gelsinger.
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FTFT | Hot Stocks08:33 EST Future FinTech announces update of its blockchain division - Future Fintech Group announced an update of the Company's Blockchain Business Division. The new focus of the Blockchain Business Division will be to develop and grow new blockchain businesses such as high-performance computing, web3 technology, artificial intelligence, and other blockchain related projects. The Blockchain Business Division will continue to manage its existing businesses to include coordinating its operations, developing business synergies and executing on its strategic growth plan.
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VUZI | Hot Stocks08:32 EST Vuzix announces OSHA expanded its deployment of Vuzix M400 smart glasses - Vuzix Corporation announced that the U.S. Department of Labor's Occupational Safety and Health Administration, OSHA, has expanded its deployment of Vuzix M400 smart glasses after placing a follow-on order for additional devices, all equipped with subscription-based Zoom licenses to support their goal of boosting operational efficiency and safety during field inspections and service activities.
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APLD | Hot Stocks08:31 EST Applied Digital closes $150M senior secured note - Applied Digital announced that the Company, through its subsidiary, APLD Holdings 2, LLC, closed a $150 million senior secured debt financing with Macquarie Equipment Capital, Inc., a division of Macquarie Group's Commodities and Global Markets' business. APLD Holdings 2, LLC issued a Promissory Note for the full $150 million in gross proceeds on November 27th, 2024, and simultaneously repaid its obligations under the Senior Secured Credit Facility with CIM Group, removing encumbrances on assets outside of APLD Holdings 2, as well as the parent guarantee. The remaining net proceeds will be used to repay other outstanding debt and pay transaction expenses. The 18-month Note bears a low interest rate of 0.25% per annum, carries no commitment fee or original issue discount and is subject to an initial minimum return hurdle of 1.11x within the first four months of the Note's term that scales up to 1.35x over its term. In connection with this financing, Macquarie will receive warrants for 1,035,197 shares of Applied Digital Common Stock with a strike price of $9.66 per share.
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INTC | Hot Stocks08:31 EST Intel announces retirement of CEO Pat Gelsinger
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PX | Hot Stocks08:30 EST P10 appoints Mike Goodwin as CIO - P10 announced the appointment of Mike Goodwin as Chief Information Officer, effective December 2, 2024. Mr. Goodwin will lead the Company's data, technology, and infrastructure function, providing strategic leadership across the P10 platform. In this role, Mr. Goodwin will oversee key initiatives, including data aggregation, performance metrics, and the strategic application of artificial intelligence to firm-wide data. Most recently, he served as Chief Technology Officer and Chief Information Security Officer for a private equity real estate investment manager.
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BMBL | Hot Stocks08:29 EST Bumble CFO Anu Subramanian, CMO Selby Drummond to depart - Bumble announced updates to the company's senior leadership team and reaffirmed the company's outlook for FY24. Neil Shah has been appointed to the newly created role of chief business officer, a leadership position with responsibility for the execution of Bumble's strategic transformation, including driving the company's revenue model, pricing strategy, and partnerships. Neil has served as an advisor to Bumble and previously served as COO and head of business operations at Slack, where he rose through strategy, data and business operations over the last eight years. Anu Subramanian announced her resignation as CFO to pursue opportunities outside the company. She will continue to serve in her role through March 14, 2025 including through Bumble's year-end earnings and the filing of its Form 10-K, and will assist with the transition of her responsibilities. The company has commenced a search process to identify her successor. Subramanian joined Bumble as CFO in 2020. Selby Drummond announced plans to depart from her role as chief marketing officer, or CMO, in January 2025 to pursue a new opportunity outside the company. Selby joined Bumble in 2020 and served as Bumble's chief brand officer prior to being appointed to the CMO role.
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IRMTF | Hot Stocks08:29 EST Information Services provides reminder on ticker symbol change on TSX - Information Services Corporation would like to remind the market that the Company's stock ticker symbol on the Toronto Stock Exchange will change from "ISV" to "ISC" effective as of market open, today, Monday, December 2, 2024. As a result of this change, "ISC" will now be the ticker symbol for Information Services Corporation's common shares listed on the TSX. The change allows for improved and synchronized brand alignment for the stock and the Company. No action is required by ISC's shareholders in connection with the ticker symbol change. The CUSIP number for ISC's Class A Limited Voting Shares remains unchanged, and no steps need to be taken with respect to previously issued share certificates, as these are not affected by the symbol change.
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CDPYF | Hot Stocks08:28 EST Canadian Apartment Properties announces $313M capital deployment in November - Canadian Apartment Properties Real Estate Investment Trust has closed on the acquisition of three recently constructed rental apartment properties in Canada, and has entered into a firm agreement to acquire a fourth strategically aligned property, for combined gross consideration of $192.0 million. CAPREIT also announced that it has deployed approximately $120.7 million into its Normal Course Issuer Bid program. All amounts disclosed herein exclude transaction costs and other customary adjustments. In November, CAPREIT completed the purchase of two properties containing a total of 253 residential suites, and it entered into a firm agreement to acquire another 102-suite building, with closing expected in the first quarter of 2025. The three premium, concrete, purpose-built rental properties were constructed between 2016-2020, all within 15 minutes walking distance of each other in the heart of Ville-Marie, a central neighbourhood in Montreal, Quebec. The buildings are strategically positioned between Rene Levesque Boulevard and Saint Catherine Street, two major thoroughfares in Montreal that allow for easy access to various bus routes and Highway 136, facilitating excellent connectivity across the city and efficient transportation amongst CAPREIT's other properties in the region. The 355-suite portfolio is being acquired for an aggregate $144.0 million, which represents a purchase price of $543 per leasable residential square foot. CAPREIT closed on the acquisition of the first two buildings for an aggregate $104.3 million, funded in part through the assumption of $63.6 million in total mortgage debt, which carries interest at a blended stated rate of 2.2% per annum for a weighted average term to maturity of just over two years. The third property is expected to be acquired for $39.7 million, and CAPREIT plans to assume the outstanding mortgage debt of approximately $22.9 million as of today, carrying interest at a stated rate of 2.8% per annum for a current weighted average term to maturity of approximately two and a half years. CAPREIT further announced that in November, it closed on the acquisition of one 61-suite building recently constructed in 2021 in the vibrant Little Italy neighbourhood in Toronto, Ontario. The 8-storey, concrete rental apartment property is located steps from multiple streetcar lines and less than 2 kilometres from the future Ontario line, providing residents with several subway access points and easy travel throughout the city, including an approximate 15-minute commute to the University of Toronto and 25 minutes to the financial district. The modern and conveniently situated property was purchased for $48.0 million, which represents $935 per leasable residential square foot. CAPREIT assumed $29.7 million in mortgage debt, which carries interest at a stated rate of 4.3% per annum for a remaining term to maturity of approximately eight and a half years
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SEOVF | Hot Stocks08:27 EST Sernova provides update on strategic initiatives - Sernova announced key initiatives that underscore the company's strategic progress. On November 12, at the Riyadh Global Medical Biotechnology Summit, Sernova entered into a non-binding letter of intent with HealthGena and GOLDTRACK Ventures regarding 'Project REEM Ventures' to explore opportunities for product development and commercialization initiatives in the Kingdom of Saudi Arabia to address the growing incidence of type 1 diabetes. 'Project REEM Ventures' is a collaboration initiative between Sernova, HealthGena and GOLDTRACK Ventures. HealthGena is a Riyadh-based business accelerator with a focus on biotechnology innovation. GOLDTRACK Ventures is a German-regulated venture capital manager based in Leipzig, Germany, specializing in Life Science investments. A definitive agreement has not been entered into. Additionally, Sernova is honored to welcome Dr. Robert Gabbay who will serve in a clinical advisory role. Dr. Gabbay brings a significant wealth of expertise in diabetes care and research, having most recently served as Chief Scientific and Medical Officer at the American Diabetes Association, and previously as Chief Medical Officer at the Joslin Diabetes Center, one of the world's leading diabetes research organizations. His expertise will be instrumental as Sernova advances in clinical trial development and product innovation.
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LVS... | Hot Stocks08:27 EST Macau reports November casino revenue up 14.9% to 18.44B patacas - Macau's gaming bureau reported November gross revenue from games of fortune in the region was up 14.9% year-over-year to 18.438B patacas. Publicly traded companies in the Macau gaming space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN) and Melco Resorts (MLCO). Reference Link
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GMGI | Hot Stocks08:26 EST Golden Matrix's Meridianbet enters final phase of Brazil licensing - Golden Matrix Group announced that its subsidiary Meridianbet has received formal notice from Brazil's Ministry of Finance, through its Secretariat of Prizes and Betting division, that it may proceed with the licensing process to operate in the country. This critical milestone affirms Meridianbet's compliance with Brazil's regulatory requirements and marks a significant step toward entering one of the world's most promising gaming markets. The notice enables the company to move forward with paying the licensing fee and submitting additional documentation, including proof of certification. Meridianbet has already allocated the necessary funds to finalize the licensing payment and will now move forward with fulfilling all conditions to ensure its place on the list of licensed operators authorized to serve Brazilian customers beginning January 1, 2025.
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GNS | Hot Stocks08:25 EST Genius Group increases bitcoin treasury to total purchase of 172 bitcoin - Genius Group announced that it had increased its Bitcoin purchases for its Bitcoin Treasury by an additional $1.8 million to 172 Bitcoin for $15.8 million, at an average net price of $92,006 per Bitcoin. The total purchase of $15.8 million of Bitcoin has been made within three weeks of the Company's announcement on November 12 of its "Bitcoin-first" strategy that it is committing 90% or more of its current and future reserves to be held in Bitcoin, with an initial target of $120 million in Bitcoin.
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VEON AMZN | Hot Stocks08:24 EST Veon's Kyivstar launches GenAI Lab with AWS - VEON announces the launch of a generative AI lab by Kyivstar in partnership with Amazon Web Services. This initiative will help Ukrainian enterprises introduce AI technologies with the aim to enhance business processes and contribute to the country's long-term economic recovery. Harnessing the power of AWS cloud solutions, the new lab will deliver AI services, such as text and visual content generation, augmented intelligence-based chatbots, virtual assistants, and more. These tools will help to enhance operational efficiencies for Ukrainian businesses, create competitive advantages and support long-term growth. In addition to serving Ukrainian enterprises, Kyivstar and Kyivstar Tech will also offer services like cloud migration and analytics to international markets, building up Ukraine's technology export capacity.
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HOLX | Hot Stocks08:23 EST Hologic research showis Genius AI Detection performs across diverse populations - Hologic presented new research demonstrating the performance of its Genius AI Detection 2.0 software across diverse patient populations at the 110th Scientific Assembly and Annual Meeting of the Radiological Society of North America RSNA ... The research, titled "Performance of a Digital Breast Tomosynthesis AI Detection Algorithm in Common U.S. Racial/Ethnic Groups," evaluated the performance of Hologic's Genius AI Detection 2.0 solution in more than 7,500 digital breast tomosynthesis DBT cases from women who identified as Asian, Black, Hispanic or white. Researchers found that the measured performance of the algorithm was similar across all evaluated cohorts. "We know that significant racial disparities exist in breast cancer screening and treatment; for example, studies have shown that alarmingly, Black women in the U.S. have a 40% higher death rate2 from breast cancer compared with white women," said Erik Anderson, President, Breast and Skeletal Health Solutions, Hologic. "As a leader in women's health, we are deeply committed to providing clinicians with effective, equitable solutions to advance the detection of breast cancer globally. A key part of that is ensuring that our customers can rely on our technology to perform effectively for all patients regardless of race, ethnicity or background."
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ORYZF | Hot Stocks08:23 EST Oryzon Genomics issued 'decision to grant' notice for Russian patent - Oryzon Genomics announced that the Russian Patent Office has issued a "Decision to grant" communication for Oryzon's Russian patent application RU2021130172, titled "Methods of treating borderline personality disorder". This patent relates to vafidemstat, Oryzon's LSD1 inhibitor in clinical development for the treatment of psychiatric disorders, including borderline personality disorder and schizophrenia. The "Decision to grant" is a formal communication from the Russian Patent Office indicating that the patent application has reached the stage where it is allowed for issuance as a patent. Once granted, this Russian patent will not expire until at least 2040, excluding any potential patent term extension, which could provide additional years of protection. Oryzon has also received "Decision to grant" communications for corresponding patent applications in Europe and Mexico, and a patent has already been granted in Japan. Patent applications are also pending in other relevant markets. Additionally, Oryzon recently secured granted patents in Europe, Australia, Korea, Malaysia, and Russia under another patent family that covers the use of vafidemstat for the treatment of aggression and social withdrawal. Patent applications in additional countries are pending. These patents will not expire until at least 2038, excluding any potential patent term extensions.
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PLRZ | Hot Stocks08:22 EST Polyrizon enters into manufacturing pact for CTM supply of PL-14 allergy blocker - The company states: "Polyrizon Ltd. announces the signing of a manufacturing agreement with Eurofins CDMO Amatsiaquitaine S.A.S, a leading European-based Good Manufacturing Practice manufacturer. This collaboration will supply Clinical Trial Material for Polyrizon's PL-14 allergy blocker, in preparation for a clinical trial that is expected to commence in 2025. With this agreement, Polyrizon secures a reliable and compliant manufacturing source for the PL-14 clinical trial. The trial aims to evaluate the safety and efficacy of PL-14 as an allergy blocker, advancing Polyrizon's mission to address allergy-related health issues through unique nasal sprays. The manufacturing site is set to support the CTM needs for Polyrizon's planned 2025 trial, offering high-quality and compliant development programs in line with USA and European regulatory standards."
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JL | Hot Stocks08:22 EST J-Long Group announces delay in record date for share consolidation - J-Long Group is delaying the record date and effective time for the proposed share consolidation of its Ordinary Shares at a ratio of 1-for-10, until it receives approval to proceed from the Nasdaq Stock Market. The Company's Ordinary Shares, both before and after the Reverse Stock Split, will continue to trade under the existing ticker symbol "JL." The Company's members 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 when the record date and effective time have been set following Nasdaq approval. The primary goal of the Reverse Stock Split is to increase the per share market price of the Company's Ordinary Shares to meet the minimum per share bid price requirement for continued listing on the Nasdaq Stock Market. The CUSIP number for the Company's Ordinary Shares will change following the reverse stock split.
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INSG | Hot Stocks08:21 EST Inseego completes sale of telematics business for $52M in cash - Inseego announced the successful completion of the previously announced sale of its global telematics business for $52M in an all-cash transaction to Ctrack Holdings, a portfolio company of Convergence Partners. The transaction involves the divestiture of Inseego's telematics business that operates across the United Kingdom, the European Union, Australia and New Zealand. The sale of the telematics business served two important purposes of allowing the company to focus on driving growth in its core 5G domestic business and providing cash for the recapitalization and debt reduction that was executed. As part of that initiative, the company used a portion of the proceeds from the sale of the telematics business to repay in full the remaining $6M balance due under Loan and Security Agreement, dated June 28, among the company, South Ocean Funding, LLC, certain participant lenders and certain subsidiaries of the company.
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EVAX | Hot Stocks08:20 EST Evaxion to present preclinical proof-of-concept for ERV cancer vaccine concept - Evaxion Biotech will present preclinical Proof-of-Concept for its precision cancer vaccine concept, targeting non-conventional ERV tumor antigens shared across patients at the ESMO Immuno-Oncology Congress, taking place from December 11-13, 2024, in Geneva, Switzerland. The data to be presented stems from studies in human cells and mouse tumor models. The studies investigated human T-cell responses and mouse tumor growth inhibition induced by precision ERV vaccine targets identified using Evaxion's AI-Immunology platform. AI-Immunology can select ERV antigens for precision therapeutic cancer vaccines, offering therapeutic options for multiple specific cancer types and potentially enabling treatment for patients who are unresponsive to conventional cancer immunotherapy. The new concept of deploying ERVs as vaccine targets allows for designing precision cancer vaccines that could be effective across diverse immune system characteristics, making them suitable for a wide range of patients. Evaxion plans to utilize this now preclinically validated concept to design new precision vaccine candidates to complement our existing pipeline of personalized cancer vaccines.
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XWEL | Hot Stocks08:19 EST Xwell announces expansion of out-of-airport spas with new Florida locations - Xwell announced the ongoing expansion of its out-of-airport spas with the opening of a new Naples Wax location in Estero, FL. This milestone is the first in a series of strategic growth initiatives under CEO Ezra Ernst to expand the brand beyond airports. In addition to Estero, Xwell is set to open six additional locations across Florida in the first half of 2025, the company said in a statement.
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AMTM | Hot Stocks08:19 EST Amentum appoints Darren Burton as chief people officer - Amentum announced the appointment of Darren Burton as chief people officer, effective immediately. Burton will lead all aspects of the company's talent strategy and talent management that supports a diverse global workforce. Most recently, Burton served as the chief people officer at Eightfold AI, an AI-based talent intelligence platform provider.
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RLYB | Hot Stocks08:18 EST Rallybio to begin RLYB116 confirmatory clinical PK/PD study in Q2 - Rallybio announced results of new biomarker characterization analyses and data from the recently completed manufacturing process enhancements for RLYB116, the company's nce-weekly, small volume, subcutaneously injected C5 inhibitor in development for the treatment of patients with complement-mediated diseases. Based on this recently completed work, Rallybio believes that RLYB116 has the potential to be a best-in-class C5 inhibitor and intends to initiate a confirmatory clinical pharmacokinetic/pharmacodynamic or PK/PD study in the second quarter of 2025. "Recently completed efforts to better understand the disconnect between the compelling preclinical potency data of RLYB116 and the results of the Phase 1 study indicate that RLYB116 achieved greater complement inhibition in the Phase 1 study than initially reported," said Stephen Uden, M.D., Chief Executive Officer of Rallybio. ...Additionally, Rallybio completed manufacturing process enhancements in the third quarter of 2024 that are expected to further improve the tolerability of RLYB116. Based on the results of enhanced analytical techniques, including mass spectrometry, process enhancements have successfully further purified the RLYB116 drug substance. As a result, RLYB116 is expected to have a favorable tolerability profile at doses at and above those evaluated in the Phase 1 MAD study. Rallybio plans to initiate a RLYB116 confirmatory clinical PK/PD study in the second quarter of 2025 to demonstrate improved tolerability as well as complete and sustained complement inhibition. This single-blind multiple ascending dose study will evaluate a 4-week treatment duration that will include two cohorts of 8 participants each. It is planned that Cohort 1 will evaluate weekly dosing of 150 mg and Cohort 2 will evaluate weekly dosing of 225 mg. Follow-up will continue for 10 weeks after the conclusion of treatment.
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ELUT PINC | Hot Stocks08:18 EST Elutia awarded cardian rhythm management devices agreement with Premier - Elutia (ELUT) announced it has been awarded a national group purchasing agreement for Cardiac Rhythm Management Devices with Premier (PINC). Effective November 15, the new agreement allows Premier members, at their discretion, to take advantage of special pricing and terms pre-negotiated by Premier for the EluPro Antibiotic-Eluting BioEnvelope, the company said in a statement. "We are thrilled to bring EluPro to a broader audience through this new agreement with Premier," said Dr. Randy Mills, Elutia's CEO.
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OVID | Hot Stocks08:17 EST Ovid to present posters on pipeline program for neuronal hyperexcitability - Ovid Therapeutics will present four posters that support the Company's OV329 and OV350 pipeline programs for the treatment of conditions caused by neuronal hyperexcitability at the 2024 American Epilepsy Society Annual Meeting in Los Angeles, California. "We are encouraged by the results of preclinical studies comparing OV329 to vigabatrin, which further elucidate OV329's pharmacodynamic and safety profile, including its lack of accumulation in the brain, retina, and eye," said Zhong Zhong, Ph.D., Chief Scientific Officer of Ovid Therapeutics. "These findings, alongside preclinical studies demonstrating rapid exposure in the brain, further support OV329's potential to be a best-in-class GABA-aminotransferase inhibitor. GABA-AT inhibition is a proven mechanism of action, yet it has had limited clinical use over the years due to reported ocular toxicities associated with the first-generation medicine. OV329 may address the therapeutic needs of patients seeking anti-convulsant efficacy and improved safety without sedation. Additionally, we are excited by new findings that reinforce OV350's activity in terminating seizures and providing neuroprotective benefits in animals. OV350 is the first of multiple programs we are developing that directly activate the potassium chloride co-transporter 2, a fundamental target in restoring inhibitory/excitatory balance. Next year, we hope to be the first company to study a KCC2 direct activator in humans."
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LFVN | Hot Stocks08:15 EST LifeVantage returns TrueScience Hydrating Lip Oil to U.S. Market - LifeVantage Corporation is elevating lip care this holiday season by bringing back the exclusive TrueScience TruePout Hydrating Lip Oil to the US market. Available starting today and sold as a pack of three, this luxurious lip oil provides a practical yet indulgent solution for keeping lips smooth, glossy, and nourished throughout dry winter months. Infused with the subtle sweetness of French Vanilla and formulated with clean, plant-based ingredients, the lip oil is a perfect, giftable add-on to any order of activating products and is an essential addition to seasonal self-care routines.
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ENVB | Hot Stocks08:15 EST USPTO issues 2 patents for Enveric supporting EVM301 & EVM201 series compounds - Enveric Biosciences announced that the United States Patent and Trademark Office USPTO has issued two U.S. Patents, Nos. 12,133,856 the '856 patent and 12,138,276, the '276 patent bringing the total number of issued patents supporting its EVM301 series molecules to 11. The claims of the '856 patent and the '276 patent expand the range of protection for novel, non-obvious multi-substituent and halogenated psilocybin derivative compounds and pharmaceutical formulations containing such compounds, respectively...In addition, Enveric announced that the USPTO has issued two other U.S. Patents, No. 12,065,404 and 12,077,498 , related to its EVM201 series prodrug molecules. The claims of the '404 patent and '498 patent protect novel, non-obvious C4-carboxylic acid-substituted tryptamine derivative compounds and pharmaceutical drug formulations containing such compounds, and methods of making such compounds, respectively. These compounds are prodrugs intended to treat neurological disorders. Enveric recently announced that it licensed its EVM201 Series to MycoMedica Life Sciences MycoMedica . These additional patents strengthen and underscore the potential value to Enveric and MycoMedica, which plans to develop the lead EVM201 Series compound EB-002. "These patent issuances from the USPTO add important pillars to Enveric's intellectual property portfolio as we continue to distinguish the pre-clinical performance of our tryptamine-based molecules under development for the treatment of mental health disorders from others on the market or under development," said Joseph Tucker, Ph.D., Director and CEO of Enveric. "Importantly, with our focus squarely on our EVM301 Series, we expect to continue uncovering positive data highlighting the promising properties of EB-003, which is designed to capitalize on the potential for inducing neuroplasticity without causing hallucinations that can meet key commercial and regulatory criteria to advance to clinical trials." Enveric has announced out-licensing deals with MycoMedica and Aries Science & Technology, which positions Enveric to focus its resources on development of its lead compound EB-003. These deals establish potential future income streams to support the development and commercialization of Enveric's pipeline candidates...
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MRUS | Hot Stocks08:14 EST Merus, Partner Therapeutics enter agreement for Zenocutuzumab commercialization - The company states: "Merus N.V. and Partner Therapeutics, Inc., a private, fully-integrated biotechnology company with a focus in hematology and oncology, announced they have entered into an agreement in which Merus has exclusively licensed to PTx the right to commercialize zenocutuzumab for the treatment of NRG1 fusion-positive cancer in the United States (U.S.). Under the terms of the agreement, following a specified transition period, PTx will assume full rights to U.S. commercialization of Zeno for the treatment of NRG1+ cancer. In exchange for the rights granted under the license agreement, Merus will receive an upfront payment and is eligible to receive milestones and high single-digit to low double-digit royalty payments based on the annual net sales of Zeno in NRG1+ cancer in the U.S. for any potential future sales. A Biologics License Application for Zeno is currently under review by the U.S. Food and Drug Administration for the treatment of patients with previously treated NRG1+ non-small cell lung cancer and pancreatic cancer."
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MBX | Hot Stocks08:13 EST MBX Biosciences announces publication of MBX 2109 Phase 1 study results - MBX Biosciences announced the publication of a peer-reviewed article highlighting results from the Phase 1 study of MBX 2109, the Company's parathyroid hormone peptide prodrug in development for the treatment of hypoparathyroidism. The publication, titled "MBX 2109, a Once-Weekly Parathyroid Hormone Replacement Therapy Prodrug: Phase 1, First-in-Human, Randomized Trial", was published in The Journal of Clinical Endocrinology and Metabolism and can be accessed here. The publication features results from the multiple ascending dose portion of the Phase 1 study of MBX 2109, a peptide prodrug yielding a biologically active PTH agonist. The Phase 1 study was a randomized, double-blind, placebo-controlled trial designed to evaluate safety, pharmacokinetics, and pharmacodynamics of MBX 2109 in healthy adults. Forty participants were randomized 4:1 to receive four once-weekly subcutaneous doses of either placebo or MBX 2109 at 200, 400, 600, or 900 microgram. Key highlights from the publication: The observed half-lives of the prodrug and the active drug reflected the prodrug design and were supportive of once-weekly administration. Peak-to-trough exposures to the active drug with weekly dosing were relatively flat, with ratios ranging from 1.47 and 1.79 across dose levels. With weekly injections, dose-proportional increases in albumin-adjusted serum calcium and concomitant suppression of endogenous PTH were observed, consistent with the expected PTH pharmacology in healthy participants. Repeat doses of MBX 2109 were generally well-tolerated at all doses tested. Most treatment emergent adverse events were mild in severity. Injection-site reaction was the most common TEAE. No MBX 2109 dose-related serious or severe adverse events or deaths were reported.
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HEPA | Hot Stocks08:12 EST Hepion Pharmaceuticals' shareholder letter urging support for Pharma Two B deal - Hepion Pharmaceuticals has sent an open letter to shareholders urging them to vote for Hepion's proposed merger with Pharma Two B Ltd. at the Company's upcoming Special Meeting of Stockholders on December 12, 2024, stating: "Dear Shareholders of Hepion Pharmaceuticals, We are writing to encourage your support for Hepion's proposed merger with Pharma Two B, which, we believe, best positions the Company's shareholders to maximize the value of their investment. Since the Company's formation over a decade ago, Hepion has worked on developing new drugs aimed at addressing critical diseases with the goal of improving the lives of a significant patient population. Regrettably, these efforts have not yielded the desired results and, after conducting a thorough review of strategic alternatives, Hepion's board of directors concluded a merger with Pharma Two B is in the best interests of all shareholders. We therefore urge you to VOTE FOR this transformational transaction. As outlined in Hepion's definitive proxy statement dated November 8, 2024 (see link: Hepion Proxy Statement 2024 Special Meeting), the continued clinical development of the Company's drug pipeline has become increasingly challenging due to numerous risk factors- including Hepion's inability to continue funding such development and the investment community's waning appetite for follow-on financing given the deteriorating risk profile. Quite simply, the Company lacked the financial resources to advance its clinical trials and the capital markets reflected no interest in funding further development of Hepion's pipeline on acceptable terms. Fortunately, the Company's review of strategic alternatives yielded a compelling opportunity to merge with Pharma Two B, a late-clinical stage biotechnology company developing an innovative treatment for Parkinson's Disease. Upon consummation of the proposed merger, Hepion's shareholders will be able to participate in the potential upside of Pharma Two B's promising product candidate known as P2B001. Furthermore, while Pharma Two B has indicated it has no plans to advance the clinical development of Hepion's legacy drug pipeline, Hepion remains committed to monetizing its value for the benefit of all shareholders. Although its efforts to date have not yielded any formal indications of interest, any such monetization could potentially provide further upside beyond Pharma Two B's compelling prospects. Of course, there can be no guaranty of the magnitude and timing of any potential sale, if at all. In the event Hepion's proposed merger with Pharma Two B does not receive the required shareholder support, the Company faces potentially dire consequences due to its limited financial resources. A stand-alone Hepion would be unable to fund the continued development of its legacy drug pipeline and would likely face delisting of its common stock from Nasdaq and potential bankruptcy. Any adjournment to solicit additional shareholder support could erode precious financial resources. Clearly, there is a better path forward for Hepion's shareholders. Pharma Two B presents an opportunity to share in the potential upside of its innovative drug candidate to treat Parkinson's Disease. P2B001's development is already more advanced than any candidates in Hepion's legacy pipeline and the post-merger company is expected to be well-funded to advance continued clinical trials with filing of a New Drug Application with the FDA on the horizon. We therefore strongly urge you to VOTE FOR Hepion's proposed merger with Pharma Two B. Please vote today to approve this important transaction. EVERY VOTE COUNTS! No matter how many shares you may own, the outcome of the special meeting may have a material impact on the value of your investment."
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AUID | Hot Stocks08:12 EST authID selected by Berify to establish biometric identity assurance - authID announced Berify as a customer and OEM partner. Berify will secure its global user base with authID's Proof and Verified solutions for onboarding and authenticating, and will OEM authID's biometric solutions as a part of its platform to solve multiple enterprise use cases in the Asia Pacific market. Berify's integrated platform combines blockchain, cybersecurity, consumer engagement and intuitive dashboards that allow its partner brands to create limitless product experiences, and social interactions for their consumers that generate valuable zero-party data for the client..
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CNK | Hot Stocks08:11 EST Cinemark achieves multiple records during Thanksgiving holiday period - Cinemark announced that it achieved multiple all-time domestic records across box office, premium formats, and food and beverage sales throughout the Thanksgiving holiday period. Moviegoing across all genres led Cinemark to break multiple domestic records: best Thanksgiving five-day box office; highest Thanksgiving Day box office; most single-day attendees in the post-pandemic era on Friday, November 29; highest single-day food and beverage revenue ever on Friday, November 29; among one of the biggest food and beverage weekends of all time; top-grossing November premium format weekend of all time, including D-BOX motion seats and Cinemark XD. Bolstered by the domestic box office record performance over the Thanksgiving holiday, the company achieved its second-best November box office ever.
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FDS | Hot Stocks08:10 EST FactSet appoints Christopher McLoughlin as EVP, CLO - FactSet announced the appointment of Christopher McLoughlin as Executive Vice President, CLO, effective December 2, 2024. In this role, Chris will oversee FactSet's global legal, compliance, risk, government and regulatory affairs functions and report directly to CEO Phil Snow. McLoughlin brings over 20 years of legal experience, 12 of which have been in the financial information and technology sectors. Chris most recently served as the General Counsel of S&P Global Market Intelligence. Chris will succeed Megan Jones, who has served as the interim CLO for several months.
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ALUR | Hot Stocks08:10 EST Allurion Tech announces NYSE acceptance of plan to regain listing compliance - Allurion Technologie announced that it received an Acceptance Letter from the Listings Operations Committee of the New York Stock Exchange stating that the NYSE has accepted the Company's previously submitted plan to regain compliance with the NYSE's continued listing standard set forth in Section 802.01B of the NYSE's Listed Company Manual . The Company expects to have until March 1, 2026 to regain compliance with the NYSE's Minimum Market Capitalization Standard. "We are pleased to have reached this milestone in collaboration with the NYSE," said Dr. Shantanu Gaur, Founder and Chief Executive Officer of Allurion. "We are looking forward to executing on our plan in our ongoing efforts to increase value for our shareholders."
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FRSH RNG | Hot Stocks08:10 EST Freshworks names Srinivasan Raghavan as Chief Product Officer - Freshworks "announced Srinivasan Raghavan as its new Chief Product Officer with over two decades of leadership experience in the enterprise SaaS industry. Srini will lead and scale the Freshworks' product strategy and vision for its people-first AI service software used to deliver exceptional customer experiences and employee experiences. He joins the Freshworks executive management team, reporting directly to Chief Executive Officer and President Dennis Woodside. Srini most recently served as Chief Product Officer at RingCentral, where he broadened the company's portfolio to generate additional sources of revenue from new cloud-based contact center, marketing, and sales intelligence solutions."
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FOXO | Hot Stocks08:09 EST Foxo Technologies announces results of special meeting of shareholders - FOXO Technologies announces results of its Special Meeting of its Shareholders that was held on Friday, November 29, 2024. As previously announced, the Board of Directors of the Company had authorized a virtual meeting of its shareholders to be held on Friday, November 29, 2024, at 10:30 a.m. Eastern Standard Time to seek shareholder approval for several proposals. At the Special Meeting, a total of 16,773,176 of the Company's issued and outstanding shares of Class A common stock held of record as of November 15, 2024, the record date for the Special Meeting, were present either in person or by proxy, which constituted a quorum. The Company's stockholders voted on the following proposals at the Special Meeting, each of which received sufficient votes for approval. Until recent weeks, the Company was at risk of the trading price of its Class A Common Stock falling below the $0.10 minimum requirement for NYSE American continued listing requirements and the Board of Directors determined it was prudent and necessary to ask the shareholders to approve a reverse stock split of our issued and outstanding Class A Common Stock any time before September 30, 2025, at a ratio ranging from one-for-five to one-for-one hundred with the exact ratio within such range to be determined at the sole discretion of the Company's Board of Directors, without further approval or authorization of our stockholders before the filing of an amendment to the Certificate of Incorporation effecting the proposed Reverse Split. The Company has entered into an Exchange Agreement with a debt holder who it has been unable to repay, and the Company desires to have the debt holder exchange their debt to equity. The Company asked its shareholders to approve, for purposes of complying with NYSE American Rule 713, the issuance of shares of Class A Common Stock in an amount equal to or in excess of 20% of our Class A Common Stock that was outstanding immediately prior to the Exchange Agreement when it was entered into but not exceeding 11,288,568 shares. The debt outstanding was approximately $1,945,000 at September 30, 2024. The Company has entered into an agreement with ClearThink Capital Partners, LLC that will give the Company access to a $5 million Equity Line of Credit the Company can draw on if needed to support the business objectives of the Company. The Company asked its shareholders to approve, for purposes of complying with NYSE American Rule 713, the issuance of shares of Class A Common Stock in an amount equal to or in excess of 20% of our Class A Common Stock outstanding immediately prior to such issuance in connection with the Strata Purchase Agreement dated October 13, 2023 with ClearThink Capital Partners as supplemented by the Supplement to Strata Purchase Agreement, dated as of October 13, 2023, and as amended, with ClearThink Capital Partners whereby ClearThink agreed to purchase up to $5,000,000 of shares of our Class A Common Stock and in connection with the Finder's Fee Agreement, dated as of October 9, 2023, as amended with J.H. Darbie & Co., Inc., a registered broker-dealer but not exceeding 40,000,000 shares. The Company entered into an agreement with an institutional investor to receive up to $2.5 million in debt funding. The Company has received $1 million at this time and asked its shareholders to approve, for purposes of complying with NYSE American Rule 713, the issuance of shares of Class A Common Stock in an amount equal to or in excess of 20% of our Class A Common Stock outstanding immediately prior to such issuance in connection with the Securities Purchase Agreement with an institutional investor pursuant to which the Company agreed to issue to the Purchaser and subsequent purchasers who will also be parties to the SPA Senior Notes in the aggregate principal amount of up to $2,800,000 but not exceeding 30,800,000 shares.
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AQST | Hot Stocks08:09 EST Aquestive Therapeutics gets positive FDA feedback, affirms NDA submission guide - The company states: "Aquestive Therapeutics announced receipt of positive feedback from the U.S. Food and Drug Administration prior to its planned NDA submission for Anaphylm (epinephrine) Sublingual Film. Anaphylm has the potential to be the first and only orally delivered epinephrine product for the treatment of severe allergic reactions, including anaphylaxis, if approved by the FDA. In a written response, the FDA agreed with the Company's planned NDA content and format for the submission, planned safety evaluation, and planned pediatric trial, which has commenced at both U.S. and Canadian sites. The FDA also provided further guidance on additional data views to be included in the planned NDA submission and continued to emphasize their focus on pharmacokinetic sustainability for a single dose. In addition, the FDA requested minor modifications to the Company's pediatric trial protocol. We have incorporated these FDA requested changes in the final pediatric trial protocol and do not expect these changes to have any significant impact on the planned timing of the pediatric trial. Finally, the FDA noted that due to the new route of administration and the data supporting this route of administration, an advisory committee meeting may be necessary."
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NA $BTC | Hot Stocks08:09 EST Nano Labs announces $50M BTC purchase plan - Nano Labs announced its plan to purchase and hold $50M worth of Bitcoin over the next five years. This strategic decision underscores the Company's confidence in BTC as a long-term store of value and a foundational asset within the rapidly evolving Web 3.0 ecosystem.
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AIM | Hot Stocks08:08 EST AIM ImmunoTech: 'Activist Group slate is wrong vhoice' for shareholders - AIM ImmunoTech issued a presentation highlighting why shareholders should NOT elect the four director candidates nominated by a group of activist investors as part of their multi-year attempt to take over AIM's Board of Directors at the upcoming 2024 Annual Meeting of Stockholders , presently scheduled for December 17. "The Activist Group nominees have not proposed a compelling plan for AIM and appear to be focused on seeking reimbursement for their past expenses. To settle, the Activist Group is demanding upwards of $8 M in litigation expenses from AIM for money its members spent on failed lawsuits against the Company. If the Activist Group's nominees are elected to the Board, they have blatantly stated in their definitive proxy statement: "In addition to the foregoing amount, each of Mr. Kellner, Mr. Deutsch and Mr. Chioini intend to seek reimbursement from the Company of all expenses they incurred in connection with their solicitation for the 2023 Annual Meeting including related litigation expenses , which amounts to approximately $5.3 M... and they do not intend to submit the question of such reimbursement to a vote of security holders of the Company." The Activist Group Slate is the WRONG Choice for AIM Shareholders," the company said.
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RIGL | Hot Stocks08:08 EST Rigel Pharmaceuticals announces R289 granted Fast Track designation by FDA - Rigel Pharmaceuticals announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation to R289 for the treatment of patients with previously-treated transfusion dependent lower-risk myelodysplastic syndrome, LR-MDS. R2891, Rigel's potent and selective dual inhibitor of IRAK1 and IRAK4, is being studied in an ongoing Phase 1b study evaluating the safety, tolerability, pharmacokinetics and preliminary activity in patients with LR-MDS who are relapsed or refractory to prior therapies.
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SOL | Hot Stocks08:07 EST Emeren releases 2023 Environmental, Social, Governance report - Emeren Group announced the release of its 2023 Environmental, Social, and Governance, ESG, Report. The report highlights the company's achievements in advancing sustainability, fostering inclusivity, and maintaining robust governance, underpinned by a systematic and transparent approach aligned with the Global Reporting Initiative, GRI, standards.
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NTRA | Hot Stocks08:06 EST Natera publishes cfDNA data in Obstetrics & Gynecology - Natera announced that Obstetrics & Gynecology published the company's clinical validation study on its cell-free DNA, or cfDNA, Fetal RhD noninvasive prenatal test. Natera's study is the largest clinical validation of a fetal RhD test performed in the United States to date, with fetal RhD status confirmed via newborn serology in 655 RhD-negative pregnant patients. The study provides compelling scientific evidence on the ability of Natera's Fetal RhD NIPT to identify fetal RhD status, and demonstrates its potential to assist patients and clinicians in the prevention and management of RhD alloimmunization. In addition, Natera's next generation sequencing, or NGS-based Fetal RhD test can identify RHD pseudogene and other hybrid variants that are more commonly occurring in people of non-European ancestries. Key highlights of the study include: 356/356 fetuses were correctly identified as fetal RhD positive. Of the 297 RhD-negative fetuses, 295 were correctly identified as RhD-negative. Positive predictive value for the test was 99.4% and negative predictive value was greater than 99.9%. The study included a representative mix of race and ethnicities in the RhD-negative U.S. population.
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ORCL | Hot Stocks08:06 EST Oracle announces new updates to Oracle Life Sciences Empirica Signal, Topics - Oracle announced new updates to Oracle Life Sciences Empirica Signal and Topics. The latest release of Oracle's market-leading signal detection and management solution extends out-of-the-box database choices for global safety monitoring and enhances the signal review process with versioned case-level annotation that enables users to drill into single-case assessments. Oracle continues to advance precision pharmacovigilance through cloud-based technologies, AI, and an expanding suite of real-world data capabilities.
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CRML | Hot Stocks08:05 EST Critical Metals receives notice that EIA not required for Wolfsberg project - Critical Metals announced that after an intensive examination, the Company has received a notice from the Carinthian state government that an Environmental Impact Assessment is not required for the Wolfsberg Lithium Project, which is strategically located in Austria. This is an important step on the way to realizing the project and establishing a European battery supply chain for electromobility. Now, as it relates to underground mining where the surface area required by the above-ground facilities is less than 10 hectares, as is envisaged for lithium mining on the Koralpe, no EIA is required by law. The assessment by the EIA authority covered the entire project on the Koralpe, i.e. the planned underground mining, the surface mining facility for the production of a spodumene concentrate, the energy supply lines and necessary clearance, and the refilling of the empty mining chambers with the surplus mining material, as well as an examination of interactions with other projects. The audit was carried out by official experts from the departments of forestry, nature conservation, geology, hydrogeology, waste management, chemistry, process engineering, water ecology and water management as well as torrent and avalanche control. On the basis of this comprehensive case-by-case examination, in which all relevant facts of the EIA Act were taken into account, the EIA authority came to the conclusion that an EIA was not necessary.
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AME | Hot Stocks08:04 EST Ametek appoints Vishwanathan as VP, General Manager - AMETEK announced the appointment of Narayan Vishwanathan as Vice President, VP, and General Manager, Materials Analysis Division. Vishwanathan most recently served as Divisional Vice President and Business Unit Manager for the Electron Microscopy Technologies, EMT, businesses within AMETEK's Materials Analysis Division.
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JNJ | Hot Stocks08:04 EST J&J seeks U.S. FDA approval for pediatric indications for TREMFYA - Johnson & Johnson announced the submission of two supplemental Biologics License Applications, sBLAs, to the U.S. Food and Drug Administration, FDA, seeking approval of TREMFYA for the treatment of children 6 years and older with moderate-to-severe plaque psoriasis, PsO, and children 5 years of age and older with active juvenile psoriatic arthritis. The PsO submission is based on data from the Phase 3 PROTOSTAR study in pediatric patients with moderate to severe plaque PsO and bridging pharmacokinetic data from the Phase 3 VOYAGE 1 and 2 studies in adult patients with moderate to severe plaque PsO. The jPsA submission is based on PK extrapolation analyses from adult PsA studies and TREMFYA efficacy and safety data from the PROTOSTAR study.
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KTOS | Hot Stocks08:04 EST Kratos Defense announces Gold Sponsorship of Reagan National Defense Forum - Kratos Defense & Security Solutions announced its participation as a Gold Sponsor of the upcoming Reagan National Defense Forum. This prestigious event, held at the Ronald Reagan Presidential Library in Simi Valley, California, brings together national security leaders, policymakers, industry executives, and military officials to discuss the pressing challenges and opportunities facing our nation's defense. As a Gold Sponsor, Kratos is reinforcing its commitment to advancing innovative technologies that support the warfighter and address critical national security priorities. The company's leadership will join the dialogue on key topics, including the modernization of defense systems, affordability in defense solutions, and the integration of cutting-edge technologies like unmanned systems, hypersonics, and space systems.
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ESPR | Hot Stocks08:03 EST Esperion announces new drug submissions in Canada for NEXLETOL - Esperion has filed New Drug Submissions to Health Canada for NEXLETOL and NEXLIZET, once-daily, accessible, oral non-statin medications that reduce low-density lipoprotein cholesterol and cardiovascular risk. "These submissions mark another pivotal milestone towards bringing our potentially lifesaving medications to the millions of patients around the world who need it," said Sheldon Koenig, President and CEO of Experion. "Heart disease remains the number one cause of death globally, so we look forward to the opportunity to provide NEXLETOL and NEXLIZET as LDL cholesterol lowering and cardiovascular risk reduction treatment options for healthcare providers and patients in Canada."
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SYRE | Hot Stocks08:02 EST Spyre Therapeutics announces first participants dosed in Phase 1 trial - Spyre Therapeutics announced that it has initiated dosing of healthy volunteers in Phase 1 clinical trials of two investigational half-life extended anti-TL1A monoclonal antibodies. "TL1A inhibition has demonstrated compelling efficacy in ulcerative colitis and Crohn's disease patients and has been shown in pre-clinical IBD models to provide additive benefit when used in combination with other targeted agents. Further, TL1A is implicated in numerous inflammatory and fibrotic diseases beyond IBD," said Josh Friedman, M.D., Ph.D., SVP of Clinical Development at Spyre. "Our SPY002 molecules were engineered to build upon the evidence from first-generation molecules with optimized properties including picomolar potencies, extended half-lives, and high concentration formulations."
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HLN | Hot Stocks07:59 EST Haleon appoints Sta-Romana as Chief Customer Officer for its U.S. business - Haleon announces the appointment of Joe Sta-Romana as Chief Customer Officer, CCO for its US business, effective December 1, 2024. In this role, Joe will lead the organization's customer strategy, driving growth and transformation in the US market.
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FRSX | Hot Stocks07:59 EST Foresight Autonomous, GINT, KONEC enter collaboration agreement - Foresight Autonomous Holdings announced the signing of a three-way multi-phase cooperation agreement with GINT and KONEC to develop advanced 3D perception solutions for autonomous tractors and construction equipment. In the short term, the parties will collaborate to design and commercialize autonomous tractor kits that integrate Foresight's 3D perception capabilities, including visible-light and thermal infrared cameras. This integration aims to enhance operational safety, detection accuracy, and efficiency in GINT's equipment, which often operates under challenging environmental conditions. Looking ahead, the parties will work together to expand their offerings into semi-autonomous and fully autonomous solutions for the automotive industry, including commercial vehicles and fleet management. Foresight, GINT, and KONEC will negotiate a commercial agreement to jointly develop advanced 3D perception solutions for agricultural machinery and construction equipment. This collaboration will integrate Foresight's technology into GINT's autonomous control logic units, with KONEC leading the penetration into the agricultural, heavy equipment, passenger and commercial vehicle markets. The parties aim to finalize a commercial agreement by the end of the first quarter of 2025, paving the way for innovative advancements in agricultural technology.
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JFBR | Hot Stocks07:54 EST Jeffs' Brands saw $1.2M in Fort Products sales from Amazon during Black Friday - The company states: "Jeffs' Brands announced that its wholly owned subsidiary, Fort Products Ltd., marked exceptional performance during November 2024, reaching over $1.2 million in sales from its platform on the Amazon Marketplace in the UK and Europe, according to its seller dashboard. This represents an impressive 83% growth compared to approximately $659,000 in November 2023. Fueled by the high demand of the Black Friday shopping season and consistent customer preference for its products, November 2024 stands as the best sales month in Fort's history since 2015."
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BCTX | Hot Stocks07:53 EST BriaCell says DSMB recommends continuation of Phase 3 study in MBC - BriaCell Therapeutics announces that the Data Safety Monitoring Board has completed its first review of safety events in patients enrolled in BriaCell's pivotal randomized Phase 3 study of Bria-IMT plus an immune checkpoint inhibitor combination regimen. The DSMB issued a statement recommending continuation of the study in metastatic breast cancer patients. BriaCell's pivotal Phase 3 study is currently being conducted under Fast Track Designation with the Food and Drug Administration.
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AVCNF | Hot Stocks07:52 EST Avicanna completes first delivery of topical products to pharmaceutical company - Avicanna announced the initial delivery of its proprietary topical products into Europe as a part of the previously announced exclusive supply agreement with a multinational pharmaceutical company. The products include 3% CBD localized cream and the 2% CBD and 0.5% CBG transdermal gel utilizing the Company's patented deep tissue technology. The 3% CBD localized cream, as well as the 2% CBD and 0.5% CBG transdermal gel products completed human irritation and real-world evidence studies. Avicanna previously disclosed the exclusive supply agreement for the products to multinational pharmaceutical company, which required pre-requisite testing and analysis for registration under cosmetics regulations prior to importation into the German market for their initial launch. The multinational pharmaceutical company manufactures and markets a wide range of pharmaceutical products and other products across 4 continents and has established commercial infrastructure in the European region that will be utilized for the initial launch of the selected products. The multinational pharmaceutical company has committed to launch the initial products in 6 European countries during 2025 with expectations of further expanding throughout the European region shortly after. Avicanna has earned licensing fees for meeting specific milestones this year. Additionally, the parties agreed to specific minimum order quantities and commercial milestones for the multinational pharmaceutical company to maintain the exclusivity.
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OR | Hot Stocks07:52 EST Osisko Gold provides asset updates - Osisko Gold Royalties is providing some select asset updates, stating: "Mantos Blancos, operated by Capstone Copper Corp.,: On October 31st, 2024, Capstone Copper Corp. provided an update on its Mantos Blancos mine located in the Antofagasta Region of Chile. In July 2024, a successful two-week planned shutdown was completed which included the installation of a new holding tank and additional pumps in the tailings area. These investments addressed the deficiencies identified that were preventing the sustained achievement of the 20,000 tonnes per day ("tpd") throughput capacity from the plant's sulphide concentrator. Following the plant ramp-up period in August, Capstone reported that ore throughput averaged 18,062 tpd through to the end of the third quarter of 2024, with plant throughput meeting or exceeding the nameplate capacity of 20,000 tpd over 23 separate operating days (as at September 30th, 2024). Capstone subsequently reported that the average daily throughput at Mantos Blancos for October 2024 was 18,481 tpd and that from November 1st to November 16th, 2024, plant throughput averaged over and above 20,000 tpd. The overall variability of the milling process has been significantly reduced and consistently higher throughput is expected throughout the fourth quarter of 2024, and beyond. Island Gold District (operated by Alamos Gold): On September 12th, 2024, Alamos Gold Inc. ("Alamos") provided updated three-year production and operating guidance incorporating the recently completed acquisition of the Magino mine and mill ("Magino"), now part of Alamos' Island Gold District. Alamos is spending US$40 million to expand the newly acquired Magino mill to 12,400 tpd by 2026. This will accommodate ore from both Magino and the increased production from the Island Gold Mine ("Island Gold") following the completion of the Island Gold Phase 3+ Expansion in the first half of 2026. The Phase 3+ Expansion includes a new shaft which is expected to increase underground production from Island Gold to at least 2,400 tpd. On November 4th, 2024, Alamos announced that it expects to conclude an Island Gold District LOM plan by mid-2025, followed by an Island Gold District Expansion Study by the fourth quarter of 2025. Alamos is also now considering a further expansion of the Island Gold District in the future that would potentially increase production from the underground operation, over and above the Phase 3+ Expansion already underway. According to Alamos, a further expansion of the Magino mill to 15,000 to 20,000 tpd will be evaluated, including possibly increasing underground throughput sourced from Island Gold beyond the currently planned 2,400 tpd. Eleonore Mine (operated by Newmont Corp.): On November 25th, 2024, Newmont Corp. ("Newmont") announced that it has agreed to sell its Eleonore operation in Northern Quebec, Canada, to Dhilmar Ltd ("Dhilmar") for US$795 million in cash consideration. The transaction is expected to close in the first quarter of 2025, subject to certain conditions being satisfied. Dhilmar is a newly incorporated, UK-based private mining company. The company is led by its CEO and Managing Director, Alexander Ramlie, and supported by board members with decades of mining experience across a range of commodities and with both surface and underground operations. Mr. Ramlie and his team worked closely with Newmont in 2016 to acquire the Batu Hijau copper-gold mine in Indonesia on behalf of PT Amman Mineral Internasional Tbk. Seabee Mine (operated by SSR Mining Inc.): On November 6th, 2024, SSR Mining Inc. ("SSR Mining") announced that gold production from Seabee was 10,252 ounces in the third quarter of 2024, reflecting the temporary suspension of operations at Seabee due to forest fires. Following the temporary suspension, employees were cleared to return to the site on September 23rd, 2024 to begin repairs to ancillary equipment damaged by the fires, including power poles, piping, and exploration equipment. Operations at Seabee were fully reinstated on October 11, 2024. As a result, full-year 2024 production guidance for Seabee is now 65,000 to 70,000 ounces of gold (previously 75,000 to 85,000 ounces of gold)."
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RVMD | Hot Stocks07:51 EST Revolution Medicines provides updates from RAS(ON) inhibitor combo studies - RAS(ON) Inhibitor Combination Studies: RMC-6236 with Pembrolizumab: RMC-LUNG-101B is an arm of the Phase 1b study of RMC-6236 in combination with pembrolizumab, with or without chemotherapy, in patients with RAS mutant NSCLC. A total of 20 patients treated with RMC-6236 at 200 mg QD and pembrolizumab at the standard dose of 200 mg once every three weeks were evaluated as of an October 28, 2024 data cutoff date. The median duration of treatment for these patients was 2.3 months. The combination of RMC-6236 with pembrolizumab was generally well tolerated and the safety profile was consistent with previously reported results for the individual agents. TRAEs of Grade 1 aspartate aminotransferase elevation were reported in two patients and a TRAE of Grade 2 AST elevation was reported in one patient. A TRAE of Grade 1 alanine transaminase elevation was reported in one patient and a TRAE of Grade 3 ALT elevation was reported in one patient. The mean dose intensity for RMC-6236 was 97%. Next steps: The company believes the data from this study support continued evaluation of the combination of RMC-6236 with pembrolizumab in 1L NSCLC patients. RMC-6291 and RMC-6236 RAS(ON) Inhibitor Doublet: RMC-6291-101 is a Phase 1b study of RMC-6291 in combination RMC-6236 in patients with RAS G12C mutant solid tumors. The study has evaluated RMC-6291 at doses of 100 mg or 200 mg BID and RMC-6236 at a dose range of 100 mg to 300 mg QD. As of an October 28, 2024 data cutoff date, 74 patients were evaluated for safety with a median duration of treatment of 2.3 months. The combination of RMC-6291 with RMC-6236 was generally well tolerated across all dose levels evaluated. The most common TRAEs were rash and GI-related toxicities that were primarily Grade 1 or 2 in severity. No Grade 3 or higher TRAEs were observed in greater than 5% of patients. One Grade 4 TRAE of hypokalemia was associated with Grade 3 diarrhea. TRAEs leading to dose interruption or reduction occurred in 30% and 10% of patients, respectively. The mean dose intensities for RMC-6291 and RMC-6236 were 95% and 92%, respectively. A subset of efficacy-evaluable patients with colorectal cancer who were previously treated with a KRAS(OFF) G12C inhibitor was evaluated for antitumor activity on treatment with RMC-6291 with RMC-6236. As reference values, the company also reported that the ORR for patients with CRC treated with RMC-6236 monotherapy at a dose of 300 mg daily in the RMC-6236-001 study as of a data cutoff date of September 30, 2024 was 9%, and the ORR for patients with CRC previously treated with a KRAS(OFF) G12C inhibitor who were subsequently treated with RMC-6291 monotherapy at a dose of 200 mg twice daily in the RMC-6291-001 study as of a data cutoff date of October 28, 2024 was 0%. In the combination study, patients with CRC who were previously treated with a KRAS(OFF) G12C inhibitor and who received their first doses of the two study drugs at least 8 weeks prior to data cutoff were included in the analyses. The ORR was 25%, including one patient with an unconfirmed complete response, and the DCR was 92%. The median treatment duration was 2.3 months. Next steps: The company believes the data from this combination study support continued development of RAS(ON) doublets in a broad range of tumor types and earlier lines of therapy. RMC-6291 with Pembrolizumab: RMC-LUNG-101A is an arm of the Phase 1b study of RMC-6291, a RAS(ON) G12C-selective inhibitor, in combination with pembrolizumab, with or without chemotherapy, in patients with RAS G12C mutant NSCLC. A total of 15 patients treated with RMC-6291 at 200 mg twice daily and pembrolizumab at the standard dose of 200 mg Q3W were evaluated as of an October 28, 2024 data cutoff date. As of this date, 47% of these patients had been on treatment for 60 days or more. The combination of RMC-6291 with pembrolizumab was generally well tolerated and the safety profile was consistent with previously reported results for the individual agents. A TRAE of Grade 1 AST elevation was reported in one patient and a TRAE of Grade 1 ALT elevation was reported in one patient. There were no TRAEs of Grade 2 or higher AST or ALT elevations reported. The mean dose intensity for RMC-6291 was 98%. Next steps: The company believes the three pairwise combinations of RMC-6291 with RMC-6236, RMC-6236 with pembrolizumab and RMC-6291 with pembrolizumab justify investigation of the triplet combination of RMC-6291 and RMC-6236 with pembrolizumab as a potential chemotherapy-sparing option for patients with 1L NSCLC.
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RVMD | Hot Stocks07:48 EST Revolution Medicines provides updates from RAS(ON) inhibitor portfolio - Revolution Medicines announced key clinical updates from its RAS(ON) inhibitor portfolio. The data to be presented during an investor webcast today at 8:00 a.m. Eastern Time will focus on updated clinical data from the Phase 1 RMC-6236 monotherapy study in pancreatic ductal adenocarcinoma and non-small cell lung cancer. In addition, new clinical data will be provided from several combination studies, including those evaluating RMC-6236 with pembrolizumab, RMC-6291 with pembrolizumab, and the first-of-its-kind RAS(ON) inhibitor doublet combination of RMC-6291 and RMC-6236. RMC-6236 Monotherapy Study: RMC-6236-001 is a multicenter, Phase 1/1b study designed to evaluate RMC-6236, a RAS(ON) multi-selective inhibitor, as monotherapy, in patients with advanced solid tumors. As of September 30, 2024, a total of 436 patients were treated across NSCLC and PDAC and other solid tumors cohorts. Patients were treated across a range of doses, from 10 mg to 400 mg once daily. PDAC Cohort: As an update to data reported at the EORTC-NCI-AACR conference in October 2024, the company shared a new analysis of safety and activity data from the July 23, 2024 data cutoff date in patients with previously treated PDAC treated with a 300 mg QD dose, the same dose used in the ongoing RASolute 302 Phase 3 PDAC trial. Key findings: In 76 patients with RAS mutant PDAC, RMC-6236 at 300 mg QD was generally well tolerated and showed an overall safety profile consistent with the results reported at ENA. No differentiated safety signals were observed. The most common treatment-related adverse events were rash and gastrointestinal-related toxicities that were primarily Grade 1 or 2 in severity. No Grade 3 or higher TRAEs were observed in greater than 10% of patients. There were no treatment discontinuations due to TRAEs and the mean dose intensity was 89%. In 37 patients with 2L RAS mutant PDAC, RMC-6236 at 300 mg QD demonstrated compelling antitumor activity. Patients with PDAC harboring a KRAS G12X mutation achieved a median PFS of 8.8 months, while the median OS was not estimable. Patients with PDAC harboring any RAS mutation achieved a median PFS of 8.5 months, while the median OS was not estimable. The proportion of patients who remained alive six months after starting treatment with RMC-6236 was 100% and 97% in patients with PDAC harboring a KRAS G12X mutation and patients with PDAC harboring any RAS mutation, respectively. The objective response rate was 36% and 27% in patients with PDAC harboring a KRAS G12X mutation and patients with PDAC harboring any RAS mutation, respectively. RASolute 302, the company's randomized Phase 3 study of RMC-6236 versus standard of care chemotherapy in 2L patients with previously treated metastatic PDAC, is currently ongoing. Next steps: Based on the encouraging monotherapy data update, the company aims to advance RMC-6236 into earlier lines of therapy for patients with metastatic PDAC. NSCLC Cohort: As an update from a smaller initial cohort reported at ESMO 2023, data from a September 30, 2024 data cutoff date were reported for 124 patients with previously treated RAS mutant NSCLC who received RMC-6236 at clinically active doses in the range of 120 mg to 300 mg QD. Key findings: In patients with previously treated NSCLC, RMC-6236 was generally well tolerated at doses of 120 mg to 220 mg QD, while the 300 mg QD dose demonstrated a higher frequency and severity of TRAEs. In the 120 mg to 220 mg dose range, the most common TRAEs were rash and GI-related toxicities that were primarily Grade 1 or 2 in severity. No Grade 3 or higher TRAEs were observed in greater than 10% of these patients. In the 120 mg to 220 mg dose range, TRAEs leading to dose modification occurred in 41% of patients with 4% of patients discontinuing treatment due to TRAEs and the mean dose intensity was 88%. RMC-6236 at 120 mg to 220 mg QD demonstrated encouraging antitumor activity in the population of 40 efficacy-evaluable 2L or third-line patients with NSCLC who had received immunotherapy and platinum chemotherapy but had not received docetaxel. These patients achieved a median PFS of 9.8 months, a median OS of 17.7 months and an ORR of 38%. Next steps: The company expects to initiate RASolve 301, a randomized Phase 3 study of RMC-6236 versus docetaxel in patients with previously treated, locally advanced or metastatic RAS mutant NSCLC, in the first quarter of 2025.
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AIM | Hot Stocks07:44 EST Kellner Group urges AIM ImmunoTech stockholders to vote for its nominees - Ted Kellner, as the nominating stockholder and a nominee, together with his other nominees, Todd Deutsch, Robert L. Chioini and Paul W. Sweeney issued a press release in connection with their efforts to bring accountability to the entrenched, incumbent Board of Directors of AIM Immunotech. The release said in part, "It is clear that the entrenched AIM Board will say anything and do anything, no matter the terrible consequences to stockholders, in their self-interested effort to keep their board seats at all costs. These are the relevant facts: Each of the Kellner Group Nominees will bring desperately needed skills, resources, experience and credibility to AIM's Board - each of them is an accomplished and respected business person in their field and none of them has any criminal history whatsoever. There are no other AIM stockholders or other third parties involved in the Kellner Group's activities, nor were there any other AIM stockholders or other third parties involved in Mr. Kellner's nominations and solicitation for AIM's 2023 annual meeting of stockholders. The AIM Board's tired and pathetic attempt to connect the Kellner Group to Mr. Tudor and Mr. Xirinachs - who have no role whatsoever with the Kellner Group - is just another misleading distraction from their own fiduciary duty breaches, the plummeting stock price that continues to reach new lows and the desperate financial condition of AIM under their watch."
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PROF SIEGY | Hot Stocks07:42 EST Profound Medical, Siemens Healthineers enter co-sales, co-marketing agreement - Profound Medical (PROF) entered into a definitive co-sales and co-marketing agreement with Siemens Healthineers (SIEGY) pursuant to which the companies will commercialize a new MRI-guided prostate therapy solution which combines Profound's TULSA-PRO system and consumables with Siemens Healthineers' Magnetom Free.Max magnetic resonance scanner. Subject to the completion of the compatibility process of TULSA-PRO and Magnetom Free.Max, the companies currently expect to initiate sales of the total prostate solution in 2025.
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OCUL | Hot Stocks07:40 EST Ocular Therapeutix announces over 300 subjects randomized in SOL-1 - Ocular Therapeutix announced that more than 300 patients have been randomized in the SOL-1 Phase 3 trial for AXPAXLI, and the trial is expected to close randomization this week. This is the first registrational clinical trial of AXPAXLI in wet age-related macular degeneration, which remains on track to report topline data in the fourth quarter of 2025.
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THTX | Hot Stocks07:40 EST Theratechnologies secures up to $75M in new credit facilities - Theratechnologies announced that it has closed on a $40 million three-year non-dilutive, senior secured syndicated financing with TD Bank, as agent. The new credit facilities include a $20 million accordion feature, which could expand total commitments up to $60 million. Investissement Quebec, the Company's largest shareholder, has also agreed to provide a $15 million second ranking secured subordinated term loan. Net proceeds from the new loans together with cash on hand will be used to repay all obligations including prepayment penalties under the Company's existing facility with affiliates of Marathon Asset Management, pursuant to the credit agreement entered into with Marathon in July 2022, and to fund business development activities.
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RUM | Hot Stocks07:38 EST Rumble to host 4th Season of 'Surviving Barstool' - Rumble announced that the much-anticipated fourth season of "Surviving Barstool" will move to Rumble, unedited and uncensored, beginning Monday, December 2, 2024. Rumble users and Barstool fans can subscribe to the Barstool Sports Rumble channel here and tune in to watch this season here. YouTube will only carry the censored version of Surviving Barstool. "Surviving Barstool" follows twenty-four of the biggest Barstool employees competing against each other for a $250,000 prize while trapped in the office. The final winner will be decided by the employees who were voted out along the way.
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SNGX | Hot Stocks07:38 EST Soligenix announces analysis from protocol HPN-CTCL-04 - Soligenix announced that analysis of the post-treatment data from the open-label study, protocol HPN-CTCL-04, comparing HyBryte to Valchlor has demonstrated continued improvement in HyBryte treated patients and their individual lesions even after stopping treatment. The study, which enrolled 10 patients randomized 1:1 with 12 weeks of treatment and 4 weeks of follow-up post-treatment, was previously reported to demonstrate a positive difference in the overall per patient treatment response rate at the end of treatment. After the 4-week follow-up period, the majority of HyBryte patients continued to demonstrate improvement with at least a further 10% improvement at Week 16 relative to the primary outcome measure at Week 12, including one of the HyBryte patients achieving a "complete response". In contrast, of the four patients that completed the Valchlor arm of the study, none achieved this level of improvement by Week 16. There was a similar continued improvement in the lesion responses over time, with the plaque lesions of particular interest given their increasing association with risk of overall disease progression and long-term mortality. At the 12-week timepoint, the HyBryte treated plaque lesions were statistically significantly improved compared to the Valchlor treated plaques. By Week 16, the response rates in lesions treated with HyBryte were statistically significant responses for all lesions and specifically for plaque lesions relative to the Valchlor group. No safety concerns with HyBryte were raised during the follow-up period.
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XOMA | Hot Stocks07:38 EST Xoma Royalty acquires Pulmokine for $20M - XOMA Royalty Corporation now owns an economic interest in seralutinib, a Phase 3 asset being studied in pulmonary arterial hypertension through its acquisition of Pulmokine Inc., a privately held company. In 2017, Pulmokine licensed seralutinib to Gossamer Bio, Inc., and in 2024, Gossamer Bio signed a global collaboration and license agreement with Chiesi Farmaceutici S.p.A. XOMA Royalty acquired all outstanding shares of Pulmokine for a $20 million cash payment at closing. In addition, XOMA Royalty will pay success-based consideration contingent on future development and commercial events to Pulmokine stockholders. XOMA Royalty's net royalties will range from the low to mid-single digits on commercial sales; additionally, the Company will retain up to $25 million of the milestone payments.
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MDCX | Hot Stocks07:36 EST Medicus Pharma enters collaboration agreement with Swanielle - Medicus Pharma announced an agreement with Swanielle to explore expansion of Phase 2 clinical study for treatment of Basal Cell Carcinoma in the Asia-pacific region. Under the agreement, Swanielle will help identify a pharmaceutical/biotech company or companies in Southeast Asia to partner with Medicus to expand the Phase 2 clinical study in the Asia Pacific region. The company is also pleased to announce that the phase 2 clinical study is currently underway in nine clinical sites in United States and has already randomized more than 25% of the 60 patients expected to be enrolled in the study. Medicus is planning to initiate an interim data analysis in Q1 2025 and submit its findings to the United States Food and Drug Administration as a part of a package seeking a Type C meeting with the FDA in Q2 2025. The purpose of the Type C meeting is to formally discuss the product development and gain further alignment on the clinical pathway. The Company's aim is to fast track the clinical development program and convert the SKNJCT-003 exploratory clinical trial into a pivotal clinical trial. The clinical study, SKNJCT-003, is designed to be a randomized, double-blind, placebo-controlled, multi-center study enrolling up to 60 subjects presenting with BCC of the skin. The study will evaluate the efficacy of two dose levels of D-MNA compared to a placebo control. The participants will be randomized 1:1:1 to one of three groups: a placebo-controlled group receiving P-MNA, a low-dose group receiving 100undefined of D-MNA, and a high-dose group receiving 200undefined of D-MNA. The high-dose, 200undefined D-MNA, proposed in the study is the maximum dose that was used in the Company's Phase 1 safety and tolerability study completed in March 2021. SKNJCT-001 met its primary objective of safety and tolerability. The investigational product, D-MNA was well-tolerated across all dose levels in all thirteen participants enrolled in the study, with no dose-limiting toxicities, or serious adverse events. Furthermore, there were no systemic effects or clinically significant abnormal findings in laboratory parameters, vital signs, ECGs, and physical examinations. The study also describes the efficacy of the investigational product, D-MNA, with 6 participants experiencing complete responses. The complete response is defined as the disappearance of BCC histologically in the final excision at the end of study visit. The participants profile demonstrating complete responses was diverse, and all participants had nodular subtype of BCC. The agreement with Swanielle has an initial term of one year, commencing on December 1st, 2024. Under the agreement, Swanielle will receive a retainer fee of $22,500. In addition to the retainer, there is a variable rate success fee of 1%-5% dependent on the execution of a definitive agreement between company and a qualifying partner.
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MMLP | Hot Stocks07:35 EST Nut Tree, Caspian Capital oppose merge of Martin Midstream, Martin Resources - Nut Tree Capital Managemen and Caspian Capital, which together with their affiliates have combined exposure in Martin Midstream Partners of approximately 13.6% of the outstanding common units, have filed definitive proxy materials with the Securities and Exchange Commission, SEC, opposing the sale of MMLP to Martin Midstream Resource Corporation for $4.02 per common unit to be voted on during the Company's upcoming meeting. In connection with the filing of the definitive proxy materials, Nut Tree and Caspian have mailed a letter to MMLP's common unitholders urging them to vote "AGAINST" the Merger at the Special Meeting. As discussed in the definitive proxy materials and the letter, Nut Tree and Caspian oppose the Merger and believe that: MMLP's common units are worth far more than the $4.02 per unit price offered in the Merger; The Company relied on a deeply flawed financial analysis used to justify the Merger that ignored the future prospects for MMLP, which stand to create additional value for unitholders; and The massive conflicts of interest in the Merger and its negotiation process demand the highest degree of scrutiny and skepticism from MMLP unitholders.
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AMC | Hot Stocks07:35 EST AMC Entertainment reports 8.8M moviegoers during Thanksgiving period - AMC Theatres announced that several company records were set during the five-day Thanksgiving holiday period. In all, 8.8M moviegoers attended a movie at AMC Theatres in the U.S. and Odeon Cinemas internationally during the Wednesday through Sunday Thanksgiving period. In the United States, AMC set several new all-time attendance and revenue records, including: Wednesday through Sunday was the biggest and busiest five-day Thanksgiving holiday period in AMC's 104-year history, based on attendance, admissions revenue, and food and beverage revenue. This surpassed the previous Thanksgiving records, all set during the 2018 Thanksgiving holiday. Friday, November 29, was AMC's second highest total revenue day - admissions revenue plus food & beverage revenue - in history. Friday, November 29 was also AMC's highest attendance Black Friday, second busiest Friday in AMC history, and the highest total revenue on a Friday ever. Thursday, November 28 was the busiest Thanksgiving Day in the Company's history, based on attendance and admissions revenue. AMC chairman and CEO Adam Aron commented: "This 5-day Thanksgiving period in 2024 was one for the ages. At AMC theatres in the United States and abroad, AMC welcomed more than 8 million moviegoers from Wednesday through Sunday. In the U.S., AMC shattered record after record for attendance, admissions revenue, food & beverage revenue and total revenue. Apparently, movie fans decided in droves that Thanksgiving dinner is made all the better when accompanied by some delicious AMC popcorn, an ice-cold Coca-Cola, and a great film to watch as showcased on AMC's huge silver screens."
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ABEO | Hot Stocks07:34 EST Abeona Therapeutics announces new employee inducement grants - Abeona Therapeutics has granted equity awards to new non-executive employees who joined the Company. The equity awards were approved in accordance with Nasdaq Listing Rule 5635(c)(4). On November 30, 2024, the Compensation Committee of Abeona's Board of Directors granted restricted stock equity awards as a material inducement to employment to nine individuals hired by Abeona, which equity awards relate to, in the aggregate, up to 44,700 restricted shares of Abeona common stock. One-third of the shares subject to such restricted stock awards will vest yearly on each anniversary of the Grant Date, such that the shares subject to such restricted stock awards granted to each employee will be fully vested on the third anniversary of the Grant Date, in each case, subject to each employee's continued employment with Abeona on the applicable vesting dates.
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USPH | Hot Stocks07:34 EST U.S. Physical Therapy acquires eight-clinic hand & physical therapy practice - U.S. Physical Therapy announced the acquisition of a hand and physical therapy practice with eight clinic locations in Wyoming which currently generates approximately $6.5M in annual revenues and 43,000 in annual visits. The Company acquired a 75% interest in the Company with the current owners retaining a 25% ownership interest. Chris Reading, Chief Executive Officer, said, "We are excited to welcome our newest partners into our USPH family. The founders have forged a tremendous asset for patients in their communities. On behalf of our entire team, we all look forward to assisting and supporting them as they work to make a difference in the lives of the patients and families that they serve."
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CYTK | Hot Stocks07:34 EST Cytokinetics announces FDA acceptance of NDA for aficamten - Cytokinetics announced that the U.S. Food & Drug Administration has accepted the company's New Drug Application for aficamten, a next-in-class cardiac myosin inhibitor, for the treatment of obstructive hypertrophic cardiomyopathy. The FDA assigned the NDA a standard review with a Prescription Drug User Fee Act target action date of September 26, 2025. The FDA is not currently planning to hold an advisory committee meeting to discuss the application.
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XAIR | Hot Stocks07:32 EST Beyond Air receives CE Mark for LungFit PH System - Beyond Air announced European CE mark approval of the LungFit PH system. This CE mark approval allows Beyond Air to market LungFit PH in the European Union and all other countries that recognize this certification. LungFit PH, the first device in the LungFit therapeutic platform of nitric oxide generators, leverages the company's patented Ionizer technology and has already received FDA approval in the United States. Under the terms of Beyond Air's existing commercialization agreement with Getz Healthcare for LungFit PH, Getz will make a $1 million milestone payment to Beyond Air upon CE mark certification. In addition, Beyond Air will receive ongoing royalty payments based on LungFit PH net sales. The partnership provides access to hospitals in Australia, New Zealand, Thailand, Philippines, Taiwan, Hong Kong, Malaysia, Pakistan, Singapore and Vietnam. The specific indications for LungFit PH under CE Mark certification include: the treatment of infants greater than 34 weeks gestation with hypoxic respiratory failure associated with clinical or echocardiographic evidence of pulmonary hypertension, in order to improve oxygenation and to reduce the need for extracorporeal membrane oxygenation. the treatment of peri- and post-operative pulmonary hypertension in adults and newborn infants, infants and toddlers, children and adolescents, ages 0-17 years in conjunction to heart surgery, in order to selectively decrease pulmonary arterial pressure and improve right ventricular function.
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AYASF | Hot Stocks07:26 EST Aya Gold & Silver announces first silver pour at expanded Zgounder Mine - Aya Gold & Silver announced the first silver pour from its expanded Zgounder Mine in the Kingdom of Morocco. The first silver pour was completed on November 27, 2024. Highlights: The first full silver pour was completed on November 27, 2024: First silver pour achieved from the new mill throughout the entire circuit. Hot commissioning is now complete with the gravity circuit currently being commissioned. Recoveries of over 80% recorded and improving: Improvement as the circuit stabilises and mill head grade increases. The mill is currently being fed with marginal ore to minimize silver lost through ramp up. All equipment / circuits are operating as expected. Operations ramping up: Nameplate odf 2,000 tonnes per day was achieved on November 29, 2024, less than a month after first ore in mill. Availability, recovery and throughput continue to improve daily, reinforcing our confidence in reaching commercial production before end of year. "This milestone brings us closer to the start of commercial production at our expanded Zgounder mill in the coming weeks and marks our transition into a tier-one, pure-play, and profitable silver producer," said Benoit La Salle, President & CEO. "I am incredibly proud of our team's hard work and extend my sincere thanks to everyone who contributed to the successful, on-budget completion of this expansion. With a full ramp-up planned for next year, we are encouraged by the strong operating indicators, overall performance, and continued optimization of our deposit."
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CNNEF | Hot Stocks07:24 EST Canacol Energy provides drilling update - Canacol Energy provided the following update concerning its ongoing exploration and development drilling programs. Kite-1 Exploration Well: The Kite-1 exploration well was spud on November 7, 2024 and reached a total depth of 9,316 feet measured depth. The well is located midway between the producing Palmer and Pomelo gas fields. The well encountered 102 feet true vertical depth of gross gas column within the CDO. The CDO was perforated across three zones located between 6,517 and 6,619 ft TVD and was flow tested for 24 hours with 6 million standard cubic feet per day for 12 hours with an average tubing head pressure of 2247 psi, 8 MMscfpd for 6 hours with an average THP of 2200 psi and finally 10 MMscfpd for another 6 hours with an average THP of 2166 psi. The well was then shut in for 24 hours for a build up and placed on permanent production on November 26, 2024 and is currently flowing at a rate of 10.5 MMscfpd. Nispero-2 Appraisal Well: The Nispero-2 well was spud on October 4, 2024 and reached a total depth of 10,915 ft MD. The well encountered a gross gas column of 625 ft TVD within the CDO reservoir. The CDO was perforated across two zones located between 7,925 and 8,001 ft TVD and was put on production on November 13, 2024. The well is currently flowing at a rate of approximately 9.5 MMscfpd. Natilla-2 Exploration Well: The Natilla-2 exploration well was spud on November 2, 2024 and is targeting a large natural gas prospect with primary and secondary targets within the CDO and overlying Middle Porquero Formations respectively. The well is currently drilling at a depth of 10,405 ft MD within the Upper Porquero Formation. The Corporation anticipates that the well will take approximately 3 more weeks to drill to total depth of approximately 16,600 ft MD. Pibe-1 Exploration Well: The Corporation is currently drilling the Pibe-1 exploration well, which spud on November 23, 2024, and is located approximately 4 kilometers to the north of the recent Chontaduro-1 discovery on the VIM 21 E&P contract. The well is targeting potential gas bearing sandstones within the CDO reservoir and is currently drilling ahead to a programed total depth of approximately 11,000 ft MD. The Corporation anticipates results within the next week. Go Forward Drilling Program for Remainder of 2024: The Corporation is currently mobilizing a drilling rig to spud the Clarinete-11 development well targeting gas bearing sandstones of the CDO reservoir located on the VIM 5 E&P contract. The Corporation anticipates spudding the well in the second week of December, with results expected prior to year end.
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VHIBF | Hot Stocks07:23 EST Vitalhub announces increase to credit facilities - Vitalhub has amended and expanded its existing credit facilities with The Bank of Nova Scotia to further strengthen the Company's financial flexibility. Under the terms of the amendment, the Company's total committed borrowing capacity has increased to $65 million from $33 million. The amended credit facilities consist of a $60 million term facility and a $5 million revolving facility. Subject to approval at the time of request, the Company has the ability to increase the amount that can be drawn pursuant to an accordion facility for up to an additional $10 million. The credit facilities remain undrawn as of today's date.
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EGLXF | Hot Stocks07:22 EST Enthusiast Gaming expands League of Legends presence - Enthusiast Gaming Holdings announced that Luminosity Gaming, the company's esports division, is expanding into League of Legends by joining the North American Challengers League beginning in the Spring of 2025. League of Legends continues to dominate the global esports ecosystem, with this year's League of Legends World Championship reaching more than 6.9 million peak concurrent viewers across the globe, breaking esports viewership records. League of Legends is also seeing continued growth and success outside of esports with their recent animated show, Arcane, becoming the most expensive animated show ever created. Luminosity will aim to transition its success from other esports titles including other MOBAs such as Pokemon Unite where they are the 2023 World Champions and 2024 LAIC Champions.
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BSXGF | Hot Stocks07:21 EST Belo Sun Mining announces federal court ruling on INCRA agreement - Belo Sun Mining reports that the Federal Court of Altamira, has ruled on a case filed by the Federal Public Defender's Office and the Public Defender's Office of the State of Para in 2022 contesting the agreement made between the Company and the Brazilian National Institute of Colonization and Agrarian Reform in November 2021. The Judge has declared the INCRA Agreement null and void on procedural grounds. The ruling stated that INCRA had not completed an ordinance required to announce the measure taken by the government on the declassification of the area from agrarian reform. However, the Judge rejected the DPU's request to annul the Volta Grande environmental licensing process and as requested by the Company excluded the DPE from the lawsuit. The Company will be evaluating all legal options, including a potential appeal of the decision and continuing to work with INCRA. Commenting on the Federal Court of Altamira ruling, Ms. Ayesha Hira, Interim President and CEO of Belo Sun, said, "We look forward to working with INCRA on the next steps following the ruling by the Federal Court in Altamira. We will also be evaluating all the legal options available to the Company. We believe PVG is well positioned to bring benefits to the surrounding communities, local farmers, landholders and the municipality. We continue to work to benefit the region and all stakeholders as we look to advance PVG."
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DMGGF | Hot Stocks07:19 EST DMG Blockchain Solutions management purchases company shares - The Company announces that Sheldon Bennett, DMG's CEO and Steven Eliscu, DMG's COO, each recently purchased DMG shares in open market purchases. Mr. Bennett purchased 99,461 shares and Mr. Eliscu purchased 107,000 shares, as disclosed on SEDI.
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OLMA | Hot Stocks07:19 EST Olema Oncology up 13% at $11.40 after entering supply pact with Novartis
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DMGGF | Hot Stocks07:19 EST DMG Blockchain Solutions mines 32 bitcoin in November - DMG Blockchain Solutions announces its preliminary Bitcoin mining operational results for November 2024: Operational Highlights: Bitcoin Mined: 32 BTC vs 34 BTC in October 2024; Hashrate: 1.66 EH/s vs 1.53 EH/s in October 2024; Bitcoin Holdings: 423 BTC vs 399 BTC in October 2024. DMG Blockchain Solutions demonstrated continued progress in its operational metrics during November, achieving 32 BTC mined bitcoin and a hashrate of 1.66 EH/s. The Company is continuing to refine its operations to realize further incremental hashrate improvements while readying its Christina Lake property to receive its six Bitmain hydro containers and its first 1 megawatt of Bitmain S21 Hydro miners. DMG's CEO, Sheldon Bennett, commented, "November was a transformative month: Piggybacking on our Artificial Intelligence Data Center partnership announcement with the Malahat Nation, we successfully closed a $17.3 million unit offering, significantly bolstering our financial position and enabling us to accelerate multiple growth initiatives. With the purchase of 5 megawatts of Bitmain S21+ Hydro miners on top of the prior purchase of 6 megawatts of hydro mining containers and 1 megawatt of Bitmain S21 Hydro miners, we are positioning ourselves to grow our hashrate to 2.1 EH/s in early calendar 2025. The funds raised will also support further investments in Systemic Trust and our initial investments in AI infrastructure, while freeing us to hold bitcoin in the near term, aligning with our positive outlook on bitcoin's market trajectory. Furthermore, achieving SOC 2 Type II compliance reaffirms our commitment to security and operational excellence."
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MUX | Hot Stocks07:18 EST McEwen Mining announes new assay results from Grey Fox deposit - McEwen Mining announced new assay results from its Grey Fox deposit, part of the Fox Complex located in the Timmins region of Ontario, Canada. Grey Fox is located in the southern part of the Black Fox property and comprises six zones, known as Gibson, Whiskey Jack, Contact, 147, 147NE and Grey Fox South. High-grade drill hole results include: 10.2 grams per tonne; Au over 11.1 m at Whiskey Jack. Geological investigations demonstrate similarities between the Grey Fox Deposit and the Hishikari Gold Mine. Potential for stacked epithermal gold-bearing veins over & adjacent to an orogenic gold system.
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NIU | Hot Stocks07:17 EST Niu Technologies launches D2C sales of XQi3 all-electric dirt bike - Niu Technologies announced the launch of its nationwide direct-to-consumer sales platform for its lineup of off-road and on-road dirt bikes - the XQi3 Wild and XQi3 Street. "The launch of the NIU Moto Sales Platform is a milestone not only for our company but for the EV industry as a whole," said Ben McGill, Head of North America Operations at NIU. "E-commerce has transformed countless industries, and we believe it's time for motor vehicles to embrace this innovation. Our platform ensures that no matter where you live, you can be part of the EV revolution-even if local retailers and dealers haven't yet adapted to this shift."
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ABSSF | Hot Stocks07:17 EST AirBoss of America announces credit facilities, update on strategic transaction - AirBoss of America has entered into new senior secured credit facilities consisting of aggregate financing of up to $180 million, which are replacing its current senior secured revolving credit facilities, and an update on its previously announced strategic transition. The new credit facilities consist of a revolving asset-based credit facility co-arranged by The Toronto-Dominion Bank and Canadian Imperial Bank of Commerce and a non-revolving term loan facility provided by Great Rock Capital Partners The commitments under the ABL Facility, when fully syndicated, are expected to be US$125 million and the Term Facility is for US$55 million. The maturity date under both facilities is November 29, 2027. Additional key terms of the new credit facilities include the following: Reducing the maximum applicable margin on revolving debt from 450 basis points to 225 basis points; Dividend increases above current levels are subject to certain financial conditions; Meeting certain minimum adjusted EBITDA and liquidity requirements; and Covenants related to annual capital expenditures. The Company continues to work diligently on its strategic review, evaluating a range of potential opportunities to enhance shareholder value. While no specific transactions are imminent or expected to occur in the near-term, AirBoss continues to explore potential strategic divestitures as well as the potential monetization of its real estate assets. There can be no assurance that this ongoing evaluation of strategic opportunities will result in the successful completion of any transaction, nor any assurance as to the timing or nature of any outcomes.
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SNTI | Hot Stocks07:15 EST Senti Bio appoints Fran Schulz to board of directors - Senti Biosciences has appointed Fran Schulz to the Senti Bio Board of Directors. Concurrently with Ms. Schulz's appointment to the Board, she will serve as the chairperson of the Board's Audit Committee. In conjunction with Ms. Schulz's appointment, Dr. Omid Farokhzad is departing from the Board. The Company thanks Dr. Farokhzad for his years of service as a director. Ms. Schulz was one of the founding members and senior partners in Ernst & Young's ("EY") Life Sciences Practice and has held various roles at EY over 35 years.
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PPBT | Hot Stocks07:14 EST Purple Biotech reports final results from randomized Phase 2 study of CM24 - Purple Biotech reported final results from the randomized Phase 2 study of its lead oncology drug, CM24, a humanized monoclonal antibody that blocks CEACAM1, in patients with pancreatic ductal adenocarcinoma. The Phase 2 study evaluated CM24, a novel first-in-class multi-functional anti-CEACAM1 antibody, in combination with Bristol Myers Squibb's immune checkpoint inhibitor nivolumab plus stand-of-care chemotherapy in second-line metastatic PDAC patients versus SoC chemotherapy alone. CM24 is a humanized monoclonal antibody that blocks CEACAM1, a multi-faceted membrane glycoprotein that is one of the main proteins present on NETs, also acting as a pro-angiogenic and anti-apoptotic agent collectively promoting tumor invasiveness, metastasis and immune evasion. The primary endpoint of the study is OS and the secondary endpoints include PFS, ORR and disease control rate. A Bayesian methodology was used to estimate the magnitude of effect of the experimental arm versus the SoC arm in each chemotherapy cohort; the study was not powered for hypothesis testing. A total of 63 patients were enrolled, across 18 centers in the U.S., Spain, and Israel in 2 parallel and independent randomized study cohorts. The experimental arms administered patients with CM24 plus nivolumab and a choice of one of two SoC chemotherapies for second-line PDAC, dependent on prior first line therapy regimen; either gemcitabine/nab-paclitaxel or liposomal irinotecan /5-fluorouracil and leucovorin, while the control arms administered either respective chemotherapy alone. CA19-9 as well as additional exploratory biomarkers were also evaluated. Of the 63 patients enrolled, 32 were in the gemcitabine/nab-paclitaxel study and 31 were in the Nal-IRI/5FU/LV study. The gemcitabine/nab-paclitaxel-based part of the study was impacted by informative censoring of the control arm that led to an imbalance between the control and experimental arms, rendering this part of the study unsuitable for analysis; this part of the study has no impact on the CM24+nivolumab+Nal-IRI/5FU/LV portion of the study. A consistent and continuous decrease of CA19-9, a clinically validated PDAC biomarker, was observed in the experimental arm reaching a median percentage reduction from baseline of approximately 80% vs. an increase of 40% in the control arm. An additional subgroup analysis of patients, which comprised 80% of the patients in the study cohort, with a range of pretreatment serum CEACAM1 between 6,000 pg/mL and 15,000 pg/mL together with patients with pretreatment serum Myeloperoxidase levels of 200 ng/mL and 600 ng/mL, resulted in statistically significant results. Additional biomarkers analysis based on the patient pretreatment biopsies, demonstrated significant OS and PFS benefit in patients with both high tumor CEACAM and low Combined Positive Score supporting the CM24/nivolumab combined treatment and its mechanistic rationale, and may open a new opportunity for patients who are not eligible for anti-PD1 therapy in various indications The CM24+nivolumab+Nal/IRI/5FU/LV regimen was well tolerated, with the most frequent treatment emergent Grade 3 or higher adverse events being diarrhea fatigue and neutropenia. Accordingly, no meaningful difference in safety and tolerability were observed between the experimental arm and SoC arm.
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OLMA NVS | Hot Stocks07:13 EST Olema Oncology, Novartis enter clinical trial collaboration and supply agreement - Olema Pharmaceuticals (OLMA) announced a new clinical trial collaboration and supply agreement with Novartis (NVS) in frontline metastatic breast cancer. Olema has also entered into a securities purchase agreement for the private placement of approximately $250.0 million of common stock and pre-funded warrants to purchase common stock with new and existing institutional and accredited investors. Under the terms of the agreement, Novartis will provide Olema with ribociclib drug supply for the planned, Olema-sponsored, Phase 3 OPERA-02 trial of palazestrant in combination with ribociclib in ER+/HER2- frontline advanced or metastatic breast cancer. All clinical data and inventions from the trial will be jointly owned while Olema maintains global commercial and marketing rights to palazestrant. Olema CEO Sean Bohen stated: "We are now fully enabled to initiate our planned pivotal Phase 3 clinical trial, OPERA-02, for palazestrant in combination with ribociclib in frontline ER+/HER2- metastatic breast cancer. Our new agreement with Novartis, which includes sufficient ribociclib drug supply for the planned approximately 1,000 patient trial, is a major milestone. When combined with our Private Placement of $250.0 million of common stock and pre-funded warrants with high-quality, long-term investors, Olema now expects to have the necessary resources to execute OPERA-02, the Phase 1/2 study of OP-3136, and the ongoing Phase 3 OPERA-01 monotherapy trial. We remain on track to share topline data from OPERA-01 in 2026 and we are excited to present our latest data from the ongoing Phase 1b/2 study of palazestrant in combination with ribociclib at the San Antonio Breast Cancer Symposium next week."
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LSPD | Hot Stocks07:13 EST Lightspeed announces reorganization, will impact 200 individuals - Lightspeed Commerce announced a reorganization to further optimize its operations toward executing on the Company's focused profitable growth strategy. This initiative is designed to prioritize resources for strategic areas of the business, maximizing the Company's long-term growth opportunity, and redefining the organizational structure and operations of other areas of the business. The reorganization will impact approximately 200 individuals, with the resulting savings being redeployed across other areas of Lightspeed's business, in line with the Company's strategic objective of further driving profitable growth. Lightspeed expects that the majority of the restructuring charges will be incurred in the third quarter of fiscal 2025.
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MARA | Hot Stocks07:12 EST Mara Holdings says mined 254 blocks in November, up 27% from October - "November was a record-breaking month for MARA, with our mining operations achieving unprecedented levels of production driven by the successful deployment of additional miners and enhanced operational efficiency," said Fred Thiel, MARA's chairman and CEO. "We mined 254 blocks, a 27% increase over October and the most blocks in a month on record. "Our BTC production grew 26% month-over-month to 907 BTC and energized hash rate increased to 46.1 EH/s, a 15% increase over October. Notably, a portion of our bitcoin and hash rate was acquired outside of our own mining pool. These results highlight the significant strides we've made in scaling our operations and optimizing performance, reinforcing our leadership position in the industry. As of the end of November, we have acquired 12,965 BTC year-to-date at an average price of $77,692 and mined an additional 8,563 BTC. This brings our year-to-date BTC yield per share to 37.2%. Overall, we now hold a total of 34,959 BTC, valued at $3.3B based on a spot price of $95,000 per BTC.
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ZLAB NVCR | Hot Stocks07:12 EST Zai Lab, Novocure announce PANOVA-3 trial met primary endpoint - Zai Lab (ZLAB) and Novocure (NVCR) announced that the pivotal, Phase 3 PANOVA-3 trial met its primary endpoint, demonstrating a statistically significant improvement in median overall survival, or mOS, versus control. PANOVA-3 evaluated the use of Tumor Treating Fields, or TTFields, therapy concomitantly with gemcitabine and nab-paclitaxel as a first-line treatment for unresectable, locally advanced pancreatic adenocarcinoma. In the intent-to-treat population, patients treated with TTFields therapy concomitant with gemcitabine and nab-paclitaxel had an mOS of 16.20 months compared to 14.16 months in patients treated with gemcitabine and nab-paclitaxel alone, a statistically significant 2.0-month improvement. The survival rate benefit for patients treated with TTFields therapy increased over time with a 13% improvement in the overall survival rate at 12 months and a 33% improvement in survival rate at 24 months. TTFields therapy was well-tolerated, and safety was consistent with prior clinical studies. Novocure plans to file for regulatory approval of TTFields in unresectable, locally advanced pancreatic adenocarcinoma based on PANOVA-3 and plans to submit the PANOVA-3 results for presentation at an upcoming medical congress. Zai Lab plans to file for regulatory approval in China.
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BITF | Hot Stocks07:11 EST Bitfarms CIO Benoit Gobeil resigns - Bitfarms announces that Benoit Gobeil, Chief Infrastructure Officer, resigned from the Company effective at the end of November. During his tenure, Mr. Gobeil played a key role in scaling Bitfarms data center facilities across North and Latin America.
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SNTI | Hot Stocks07:10 EST Senti Bio reports positive initial clinical data from Phase 1 trial of SENTI-202 - The company states: "Senti Bioscience reported positive initial clinical data from a Phase 1 clinical trial of SENTI-202, a potential first-in-class Logic Gated off-the-shelf chimeric antigen receptor natural kille investigational cell therapy, for the treatment of relapsed/refractory hematologic malignancies including acute myeloid leukemia. SENTI-202 is designed to selectively target and eliminate CD33 and/or FLT3- expressing hematologic malignancies, including AML, while sparing healthy bone marrow cells. Three AML patients have been treated at the lowest dose level (1.0 billion CAR+ NK cells per dose) and, as of the data cutoff date of September 19, 2024, two achieved complete remission, confirmed by bone marrow biopsy, which includes blast reduction and recovery of blood cells to normal ranges. In addition, both patients were assessed as measurable residual disease negative after treatment, which is defined as no detectable cancer cells present in a bone marrow sample by the most sensitive locally available method. As of today, both patients continue to maintain their remission (4+ months and 3+ months, respectively). In all three patients, SENTI-202 was generally well-tolerated with an adverse event profile consistent with the use of lymphodepleting chemotherapy in patients with AML. As of the data cut, three patients with R/R AML were enrolled at the 1.0 billion CAR+ NK cells/dose level, administered three times, on days 0, 7, and 14 of a 28-day cycle following lymphodepletion with fludarabine/cytarabine. The lowest dose cohort was cleared by the Safety Review Committee and dose escalation is continuing at the 1.5 billion CAR+ NK cells/dose level. Two patients achieved CR; one after two cycles and the other after one cycle, both with absent MRD by the most sensitive methods available for the patients at the respective clinical sites. With an additional two months of follow-up since the data cut, both patients are continuing to maintain MRD negative CR status (4+ months and 3+ months, respectively). One patient had no response after one cycle of treatment and was refractory to therapy. SENTI-202 was generally well-tolerated with no dose limiting toxicities ("DLTs") and an adverse event profile consistent with other investigational NK cell therapies and patients with underlying AML receiving lymphodepleting chemotherapy. SENTI-202 transgene was detected in the peripheral circulation of all 3 patients and in all cycles, with a pharmacokinetic ("PK") profile generally consistent with other investigational CAR-NK therapy levels."
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NOTE | Hot Stocks07:10 EST FiscalNote announces broad series and expansions of public sector deals - FiscalNote Holdings announced a broad series of customer agreements across the U.S. public sector to include all three branches of the federal government, demonstrating the extent to which the Company's suite of award-winning products and services is relied upon by key government decision makers for monitoring, tracking, and analysis of federal policymaking and regulatory activity. FiscalNote's latest customer momentum announcement includes new customer wins, significant renewals of existing accounts, as well as the expansion of agreements - which provide additional products and services to current customers who are leveraging the company's growing portfolio of offerings. "Our broad and diverse base of public sector customers across all branches of the U.S. Federal government continues to rely on FiscalNote to be their trusted and essential partner," said Josh Resnik, President and Chief Operating Officer, FiscalNote. "By leveraging our AI-powered suite of products and services, as well as our expert advisory and news analysis, U.S. government decision makers - including lawmakers and their legislative staff, agency and department officials, regulators, and the judicial branch - are positioned to better understand and successfully navigate the complex and evolving policymaking domain to advance their policy objectives and become even more productive and efficient. FiscalNote's U.S. public sector customer base continues to be strong and diversified, and we take great pride in being a critical component in making government more effective, more responsive, and better informed."
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RDHL | Hot Stocks07:10 EST RedHill Biopharma awarded judgement of approx $8M by NY Supreme Court - RedHill Biopharma announced that the Company has been awarded approximately $8 million, plus costs in a summary judgment by the Supreme Court of the State of New York, New York County, in its legal proceedings against Kukbo Co. Ltd., domiciled in South Korea. The case refers to Kukbo's failure to make agreed payments to RedHill, pursuant to a Subscription Agreement, dated October 25, 2021, and a subsequent Exclusive License Agreement, dated March 14, 2022, entered into by the two companies.
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BITF | Hot Stocks07:10 EST Bitfarms earns 204 bitcoin in November - Bitfarms announced its latest monthly production report. Bitfarms achieved an operating hashrate of 12.8 EH/s in November with initial deployment of miners to Stronghold Digital Mining's sites in Pennsylvania under the hosting agreements announced in September and October 2024. With these two hosting agreements, supporting a total of approximately 4 EH/s, nearly 75% of Bitfarms' hashrate is expected to come from North American data centers by the first half of 2025, re-affirming the Company's commitment to grow in the U.S. In November, Bitfarms also upgraded nearly 19,000 T21 miners to S21 Pro miners with delivery anticipated in December and January. These newer, more efficient miners will support improved efficiency of 19 w/TH, a nearly 10% improvement from current efficiency, in the first half of 2025. CEO Ben Gagnon stated, "By redirecting our miners to be deployed in the United States, we have best matched our miners with the underlying electricity economics across our large portfolio of flexible MWs. With demand for immediate capacity for both HPC/AI and BTC mining surging and based on discussions with strategic partners, I am confident that our energy portfolio of over 950 MW in 2025 gives us unparalleled flexibility to take advantage of strategic opportunities in both HPC/AI and BTC mining." In addition, Bitfarms conducted its Special Meeting of shareholders on November 20, resulting in shareholder approval of the expansion of the Board of Directors from five to six members and the appointment of Andrew J. Chang as an Independent Director. The Board is now comprised of six members, five of whom are independent.
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PTCT NVS | Hot Stocks07:09 EST PTC Therapeutics enters global license, collaboration agreement with Novartis - PTC Therapeutics (PTCT) announced the signing of an exclusive global license and collaboration agreement with Novartis Pharmaceuticals Corporation, a subsidiary of Novartis AG (NVS), for its PTC518 Huntington's disease program, which includes related molecules. Under the agreement, PTC will receive an upfront payment of $1.0 billion, up to $1.9 billion in development, regulatory and sales milestones, a profit share in the U.S., and double-digit tiered royalties on ex-U.S. sales. Novartis will assume responsibility for PTC518's development, manufacturing and commercialization, following the completion of the on-going placebo-controlled portion of PIVOT-HD, which is expected to occur in H1 2025.
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LASE | Hot Stocks07:09 EST Laser Photonics completes installation of pill drilling system - Laser Photonics announced that it and its recently acquired subsidiary, Control Micro Systems have completed installing a pill drilling system at a customers facility where it will be used to streamline pill production and manufacturing. Following LPC's recent acquisition of Control Micro Systems, the two companies have shipped and installed one of their cutting-edge pill drilling systems. The installed product is a Class I automated CO2 laser system with a custom tablet fixture, fume extraction, and machine vision inspection for quality control. The laser system provides industry professionals with a consistent, effective and reliable laser drilling solution.
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OSUR | Hot Stocks07:09 EST OraSure receives federal funding for development of Marburg Virus test - OraSure Technologies received an award through the Rapid Response Partnership Vehicle for the development of a Marburg Virus Disease rapid antigen test. The RRPV is a Consortium funded by the Biomedical Advanced Research and Development Authority, part of the Administration for Strategic Preparedness and Response within the U.S. Department of Health and Human Service. The initial contract award, valued at approximately $7.5 million over multiple years in the base period with potential value up to $11 million, funds the development to achieve U.S. Food and Drug Administration 510(k) clearance of a single-use lateral flow immunoassay intended for the qualitative detection of antigens from viruses within the Marburg virus genus. We expect that the proposed test will be intended for use with specimens from individuals with epidemiological risk factors who have signs or symptoms of MVD or from recently deceased individuals with epidemiological risk factors who are suspected to have died of MVD.
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MLNK | Hot Stocks07:08 EST Shastic teams with MeridianLink for bank & credit union AI workflow automation - Shasti has announced that its platform will be integrated with MeridianLink provider of modern software platforms for financial institutions and consumer reporting agencies. Shastic's workflow automation solution is now available through the MeridianLink Marketplace to help financial institutions automate processes traditionally managed by employees, enabling more streamlined operations and growth potential. "This partnership reflects the similar missions of MeridianLink and Shastic to democratize lending for community banks and credit unions, making advanced solutions accessible to thousands of financial institutions. This enhancement also allows MeridianLink to offer its customers a potential significant boost in operational efficiency and productivity, transforming everyday work life for financial institutions and giving their teams more time to focus on meaningful consumer interactions," company said..."Our partnership with MeridianLink represents a big milestone for us," said Joseariel Gomez, founder and CEO of Shastic. "Part of what makes us unique is that Shastic is the first company to develop a specialized AI workforce for financial institutions. With MeridianLink, we will be able to make hyper-personalized workflow automation accessible to thousands of banks and credit unions across the U.S."
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AUTL | Hot Stocks07:07 EST Autolus Therapeutics announces publication of data from FELIX study - Autolus Therapeutics announces that the New England Journal of Medicine has published data from the pivotal Phase 1b/2 FELIX study of obecabtagene autoleucel in relapsed/refractory adult B-cell Acute Lymphoblastic Leukemia. The data demonstrate high rates of durable responses with low incidence of grade greater than or equal to3 immune-related toxicity. Of the 153 r/r B-ALL patients enrolled patients in the FELIX study, 127 received at least one obe-cel infusion and were evaluable. Eligible patients underwent leukapheresis, and bridging therapy, except blinatumomab, was permitted at the investigator's discretion. Obe-cel was administered in a bone marrow burden adjusted split dose following lymphodepletion, with a BM mandated prior to lymphodepletion to guide dosing. The second obe-cel dose was given in the absence of severe/unresolved toxicity. The primary end point was overall remission. In the pivotal cohort of patients, the CR/CRi for patients who received at least one infusion of obe-cel was 76.6% Across all infused patients, of the 91/127 with greater than or equal to5% BM blasts pre-lymphodepletion, the CR/CRi was 74.7%. Median response duration for all infused patients was 21.2 months. Median event-free survival was 11.9 months and the estimated 6- and 12-month event-free survival rates were 65.4% and 49.5%, respectively. BM burden pre-lymphodepletion correlated with median event-free survival; patients with low, intermediate, and high BM burden had event-free survival rates at 12 months of 68.0%, 54.9% and 25.0%, respectively. Median overall survival was 15.6 months and estimated 6- and 12-month overall survival rates were 80.3% and 61.1%, respectively. BM burden pre-lymphodepletion correlated with overall survival; patients with low, intermediate, and high BM burden had an overall survival rate at 12 months of 71.5%, 58.7% and 55.0%, respectively. BM burden before enrollment also influenced event-free and overall survival. Of the 127 patients infused, 99 patients responded. Of the responders, 18 patients proceeded to allo-Stem Cell Transplant while in remission at a median of 101 days post-obe-cel infusion. In 6/18, this was a second allo-SCT. Of 11 patients who had persisting CAR T cells before allo-SCT, and who had samples available post, none had CAR T cells detected following allo-SCT. There was no difference in event-free and overall survival observed between patients who received allo-SCT and those who did not. Median duration of CAR T persistence by droplet digital PCR in peripheral blood was 17.8 months. Obe-cel was associated with minimal immunotoxicity. CRS and Immune effector cell-associated neurotoxicity syndrome rates were 2.4% and 7.1%, respectively. Overall, 87 patients developed CRS, and 29 developed ICANS. Severe ICANS post-obe-cel were seen as largely limited to patients with high BM burden pre-lymphodepletion. Intensive care unit admissions occurred in 20 patients for a median of 5.5 days of which 7/20 were admitted due to immunotoxicity management. Obe-cel was approved by the Food & Drug Administration under the brand name AUCATZYL on November 8, 2024. Marketing authorization applications for obe-cel are being reviewed by the regulators in both the EU and the UK, with a submission to the European Medicines Agency accepted in March 2024, and a submission accepted by the UK MHRA in August 2024.
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SHOP | Hot Stocks07:07 EST Shopify CEO reports $5B of merchant sales GMV through Black Friday - In a post to X, Shopify CEO Tobi Lutke announced: "Yesterday was an incredible day for our merchants and for Shopify: * Merchants drove a record-breaking $5 billion Black Friday in sales (GMV) * Peak sales / minute for yesterday = $4.6 million * Shopify's egress processed more than 173B requests * Peak requests per minute was at 284 million on edge, with more than 80 million on app servers pushing 12TB a minute * 45 million peak database queries per second, peak database writes was 7.6 million per second * We rely on Kafka. At peak we hit 66 million messages per second" Reference Link
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NVCR | Hot Stocks07:07 EST Novocure announces PANOVA-3 trial met primary endpoint - Novocure announced that the pivotal, Phase 3 PANOVA-3 trial met its primary endpoint, demonstrating a statistically significant improvement in median overall survival, or mOS, versus control. PANOVA-3 evaluated the use of Tumor Treating Fields, or TTFields, therapy concomitantly with gemcitabine and nab-paclitaxel as a first-line treatment for unresectable, locally advanced pancreatic adenocarcinoma. In the intent-to-treat population, patients treated with TTFields therapy concomitant with gemcitabine and nab-paclitaxel had an mOS of 16.20 months compared to 14.16 months in patients treated with gemcitabine and nab-paclitaxel alone, a statistically significant 2.0-month improvement. The survival rate benefit for patients treated with TTFields therapy increased over time with a 13% improvement in the overall survival rate at 12 months and a 33% improvement in survival rate at 24 months. TTFields therapy was well-tolerated, and safety was consistent with prior clinical studies. Novocure plans to file for regulatory approval of TTFields in unresectable, locally advanced pancreatic adenocarcinoma based on PANOVA-3 and plans to submit the PANOVA-3 results for presentation at an upcoming medical congress. Novocure continues to follow patients in its Phase 2 PANOVA-4 trial, exploring the use of TTFields therapy together with atezolizumab, gemcitabine and nab-paclitaxel for the treatment of metastatic pancreatic cancer. PANOVA-4 has completed enrollment with data anticipated in 2026.
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KPTI | Hot Stocks07:06 EST Karyopharm reports inducement grants under Nasdaq listing rule - Karyopharm Therapeutics announced that the Company granted an aggregate of 4,800 restricted stock units to two newly-hired employees. These RSU awards were granted as of November 30, 2024 pursuant to the Company's 2022 Inducement Stock Incentive Plan, as amended, as inducements material to the new employees entering into employment with Karyopharm in accordance with Nasdaq Listing Rule 5635(c)(4).
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ECVT | Hot Stocks07:06 EST Ecovyst announces strategic review of AM&C - Ecovyst announced that its Board of Directors has initiated a strategic review process for its Advanced Materials & Catalysts business, AM&C. This announcement is an extension of the Board's ongoing evaluation and review of the business, aimed at maximizing shareholder value. Ecovyst expects to complete the strategic review of the AM&C business unit in Mid-2025. The strategic review may not result in any transaction or other outcome. The company does not intend to make any further public comment regarding the strategic review until it has been completed or the company determines that disclosure is required or beneficial.
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AEVA | Hot Stocks07:04 EST Aeva Technologies extends collaboration with SICK for factory automation - Aeva announced the expansion of its strategic collaboration with SICK, a global supplier of solutions for sensor-based industrial applications. SICK and Aeva are collaborating to incorporate Aeva's FMCW technology into SICK's portfolio of high accuracy contactless sensors for industrial applications, including for distance and motion control for a variety of factory automation applications. "We have been working closely with Aeva for several years and are pleased to see their FMCW technology mature for industrial sensing applications," said Dr. Simon Brugger, Senior Vice President Research & Development at SICK. "With its micron-accurate distance sensing at large stand-off distances and precise velocity detection capabilities, Aeva's core technology provides great potential for opportunities to serve our customers in a variety of industrial applications where precision contactless sensing is core to their manufacturing automation and industrial processes."
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SWVL | Hot Stocks07:04 EST Swvl relaunches porduct in UAE, securing four customers - Swvl Holdings announces the relaunch of its product in the United Arab Emirates. This move aligns with its strategy to expand into regional and global markets. Additionally, Swvl has secured four key customers in the UAE, marking a strong relaunch of its journey in adding value to the mobility ecosystem within the country.
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NPIFF | Hot Stocks07:03 EST Northland Power appoints Christine Healy as president, CEO - Northland Power announced that the Board of Directors has appointed Christine Healy as President and CEO effective February 5, 2025. In addition to serving as President and CEO, Ms. Healy will also be appointed as a Director of the Company, subject to confirmation at the next Annual General Meeting of shareholders in 2025. Ms. Healy joins Northland from AtkinsRealis, where she served as President of Asia, the Middle East and Australia.
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THS | Hot Stocks07:00 EST TreeHouse to acquire Harris Tea for $205M - TreeHouse announced that it has signed a definitive agreement to acquire certain subsidiaries that operate the private brand tea business of Harris Freeman & Co. for approximately $205M, subject to customary purchase price adjustments. The acquisition includes Harris Tea's manufacturing facilities in Moorestown, New Jersey and Marietta, Georgia, and TreeHouse Foods will welcome approximately 300 Harris Tea team members. The acquisition of Harris Tea will be accretive to the company's overall growth and margins. The company has agreed to a purchase price that equals roughly 8.5x trailing-twelve-month adjusted EBITDA, or 6.5x net of synergies and the net present value of future tax benefits. This transaction is expected to close in the first quarter of 2025 and will be funded primarily with cash on hand, and fully satisfies the company's obligation under its bond indenture to either reinvest certain proceeds from the previously completed Meal Preparation sale or retire debt. Upon closing, the company expects its leverage ratio1 to be within its target range of 3.0x to 3.5x. Finally, TreeHouse Foods is reiterating its 2024 full year guidance, including the expectation of sequential improvement in volume growth and profit margin in the fourth quarter.
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MARA | Hot Stocks06:50 EST Mara Holdings announces proposed offering of $700M of convertible senior notes - MARA Holdings intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of 0.00% convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended. MARA also expects to grant to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $105 million aggregate principal amount of the notes. The offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the offering may be completed. The notes will be unsecured, senior obligations of MARA. The notes are not expected to bear interestand the principal amount of the notes is not expected to accrete. Special interest, if any, on the notes will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025. The notes will mature on June 1, 2031, unless earlier repurchased, redeemed or converted in accordance with their terms. Subject to certain conditions, on or after June 5, 2029, MARA may redeem for cash all or any portion of the notes. If MARA redeems fewer than all the outstanding notes, at least $75 million aggregate principal amount of notes must be outstanding and not subject to redemption as of the relevant redemption notice date. Holders of the notes will have the right to require MARA to repurchase for cash all or any portion of their notes on June 4, 2027 and on June 4, 2029. The notes will be convertible into cash, shares of MARA's common stock, or a combination of cash and shares of MARA's common stock, at MARA's election. Prior to March 1, 2031, the notes will be convertible only upon the occurrence of certain events and during certain periods, and thereafter, at any time until the close of business on the second scheduled trading day immediately preceding the maturity date. The interest rate, initial conversion rate, and other terms of the notes will be determined at the time of pricing of the offering. MARA expects that the reference price used to calculate the initial conversion price for the notes will be the U.S. composite volume weighted average price of MARA's common stock from 2:00 p.m. through 4:00 p.m. Eastern Daylight Time on the date of pricing. MARA expects to use up to $50 million of the net proceeds from the sale of the notes to repurchase a portion of its existing convertible notes due 2026 in privately negotiated transactions with the remainder of the net proceeds to be used to acquire additional bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations.
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APGOF | Hot Stocks06:49 EST Apollo Silver provides corporate update - Apollo Silver provided a corporate update and outlook for the Company. Highlights: Successfully mitigated single asset risk and bolstered existing mineral inventory through optioning the high-grade Cinco de Mayo Silver Project in Chihuahua, Mexico. Completed C$13.5M financing. Strengthened board and management with the additions of Messrs. Alex Tsakumis and Amandip Singh, respectively. Engaged a team of highly qualified professionals with ties to the local community and a track record of success in navigating community relations and social licencing requirements, at Cinco de Mayo. Commencing maiden barite resource estimate and follow up gold exploration program at the Calico Silver Project in San Bernardino, California, in 2025. Interim President and CEO, Andrew Bowering, commented, "In what has been a productive 2024, the Company has been executing on its vision for the future. We have successfully entered into an option agreement to acquire the Cinco de Mayo Project, mitigating single asset risk. Furthermore, we completed a financing that significantly strengthens our treasury, allowing us to continue to build long term shareholder value across our portfolio of North American silver projects." On September 20, 2024, the Company entered into an earn-in and option agreement with MAG Silver and its subsidiary, Minera Pozo Seco, S.A. de C.V., pursuant to which the Company has the option to acquire Cinco de Mayo. To satisfy the Option, and acquire a 100% interest in Cinco de Mayo, the Company must first obtain the necessary licencing and permits to access the property and conduct mining activities on Cinco de Mayo, followed by completing no less than 20,000 metres of exploration drilling within five years. Upon completion of those terms and subject to the final approval of the TSX Venture Exchange, Apollo Silver must issue to MAG common shares equivalent to 19.9% of the then issued and outstanding common shares of the Company on a non-diluted basis. In addition, Apollo Silver will grant MAG the right to maintain its 19.9% stake by participating in any subsequent financing for an additional four year period. During the Option term, the Company will control all exploration and development activities on the Project and will be responsible for all expenses associated with maintaining Cinco de Mayo in good standing. On November 11, 2024, the Company announced that it closed its fully subscribed and upsized private placement of C$13.5 million. The Financing received strong support, including investment from Mr. Eric Sprott, and several institutional investors including but not limited to: Jupiter Asset Management Limited, Commodity Capital AG, Primevestfund and Terra Capital Natural Resources Fund. The Company currently has working capital of approximately C$13.5 million and is expecting to commence barite resource estimation work at Calico and additional exploration on the recent gold discovery Calico in the new year. The Company is sufficiently funded to continue its ongoing community initiatives and negotiations with the local community to restore access to Cinco de Mayo, satisfy its ongoing general working capital requirements, and be able to commence future exploration work at Cinco de Mayo, once access is restored.
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AZMTF | Hot Stocks06:47 EST Azimut Exploration commences diamond drilling program at Wabamisk - Azimut Exploration announced the commencement of a diamond drilling program that will focus on the recently discovered high-grade antimony corridor on its wholly-owned Wabamisk Property in the Eeyou Istchee James Bay region of Quebec. Azimut is proceeding with a 5,000-metre diamond drilling program to assess the corridor's strike and grade continuity. An initial 2,000-metre phase will be completed before the end of the year. Contingent on positive results, the remaining 3,000 metres of drilling will be carried out in early 2025. With approximately $9 million in its treasury, the Company is fully funded for this drill program. The discovery of a high-grade antimony system in Quebec presents a rare opportunity, given the commodity's status as a critical mineral and the current risk of a supply shortage. As previously disclosed, the 2024 prospecting program has revealed an antimony-rich system demonstrated by channel samples and numerous high-grade grab samples collected along a 1.2-kilometre-long strike within the Fortin Zone. Gold commonly accompanies antimony. Note that grab samples are selective by nature and unlikely to represent average grades. Geoscientific data support a minimum 3.5-kilometre length for the antimony-gold exploration corridor. The corridor is related to an extensive shear zone between a thick metasedimentary unit to the north and a mafic volcanic package to the south. It is marked by a strong antimony footprint in lake sediments, till and soil. The antimony showings correlate well with induced polarization chargeability anomalies and an axis of moderate magnetic intensity. The spatial distribution of the showings suggests a 30-metre-wide envelope for the mineralized zone. A recently completed high-resolution magnetic heliborne survey further defines the extent of the target zone. A string of magnetic anomalies, well correlated with antimony showings and IP anomalies, highlights the priority targets to be drilled during the current program.
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MAUTF AU | Hot Stocks06:44 EST Montage Gold to obtain 19.9% ownership stake in Sanu Gold - Montage Gold has entered into a strategic partnership with Sanu Gold Corporation, given its highly attractive exploration properties in Guinea, obtaining a 19.9% interest in Sanu through the issuance of 2.3 million basic shares of Montage equating to C$5.5 million, joining existing strategic investor AngloGold Ashanti who acquired a 14.0% stake in Sanu in September 2024. Montage will be investing alongside the Lundin Family and their associates who will obtain a 10.0% interest in Sanu by participating in the non-brokered private placement with an investment of C$2.7 million. Through the Offering, Sanu will obtain aggregate gross proceeds of approximately C$10.0 million based on a share issuance price of C$0.072. Montage management and certain insiders also intend to participate in the Offering. Sanu owns three highly attractive gold exploration permits in Guinea, located within the Siguiri Basin in proximity to AngloGold Ashanti's Siguiri gold mine, Nordgold's Lefa gold mine, Predictive Discovery's Bankan gold project, and exploration tenements held by Endeavour Mining. Sanu is currently undertaking a 10,000-meter drill programme at its Diguifara and Daina properties, comprising of up to 120 holes, where historical exploration efforts resulted in the identification of a number of mineralised gold-bearing structures. Sanu expects to use the net proceeds of the Offering to advance exploration, including geophysics and drilling on the company's Daina, Diguifara and Bantabaye gold exploration permits, and for general and administrative purposes. Montage has entered into a binding term sheet in respect of a transaction whereby Montage and Sanu will enter into an Investment Agreement and Investor Rights Agreement, which will persist so long as Montage holds at least 10% of the issued and outstanding Sanu Common Shares with the following key terms: Equity Swap: Montage will obtain a 19.9% ownership in Sanu, through a Share Exchange Transaction which results in the issuance of 76,307,155 Sanu Common Shares to Montage, and the issuance of 2,337,921 common shares of Montage to Sanu equating to a 0.67% ownership in Montage, for a total implied transaction consideration of C$5,494,115. The Share Exchange Transaction is based on a Montage share price of C$2.35 and a Sanu share price of C$0.072. Montage Shares will be issued to Sanu under an exemption from the prospectus requirements of applicable Canadian securities laws and will be subject to a hold period of four months and one day from the date of issuance to Sanu. Any Sanu sale of Montage shares will be subject to certain notice rights to enable Montage Gold to designate suitable purchaser, subject to the Investor Rights Agreement Threshold. Participation Rights: Right to participate in future equity issuances and top-up rights to maintain Montage's ownership percentage in Sanu, payable in Montage shares, cash, or a combination of either. Board Nominee: Appointment of a Montage nominee as Chairman to the Board of Directors of Sanu. As such, on closing of the Share Exchange Transaction, Martino De Ciccio, CEO of Montage, will be appointed as Non-Executive Chairman of the Board of Directors of Sanu. Joint-Technical-Committee: Appointment of Silvia Bottero, EVP Exploration at Montage, to a newly formed joint-technical-committee with Sanu on the Daina and Bantabaye properties. Right of First Refusal: On certain asset-level transactions for Daina and Bantabaye. Furthermore, the ROFR includes any new properties acquired by Sanu subject to the Investor Rights Agreement Threshold. Pursuant to the existing investor rights agreement between AngloGold Ashanti and Sanu, AngloGold Ashanti will be entitled to acquire Sanu Common Shares in connection with the Share Exchange Transaction and Offering on equivalent terms to maintain its pro rata equity interest in Sanu. The Offering includes an allocation of Sanu Common Shares to AngloGold Ashanti to maintain this pro rata equity interest and in the event AngloGold Ashanti elects not to exercise its right, the allocation will be distributed to other investors. The Share Exchange Transaction and the Offering are expected to close in the coming weeks.
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FUFU | Hot Stocks06:41 EST BitFuFu announces launch of upgraded website, mobile app - BitFuFu announced the launch of its upgraded website and mobile app, delivering a reimagined one-click digital asset mining experience. The enhanced platform features an intuitive, user interface, faster navigation, and improved access to BitFuFu's products and services. These advancements reflect BitFuFu's dedication to innovation and its commitment to empowering users with cutting-edge, user-friendly solutions tailored to their needs.
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BTG | Hot Stocks06:41 EST B2Gold continuing to operate at Fekola despite temporary labor action - B2Gold is closely monitoring a strike that began on November 29, 2024, by certain employees at the Company's Fekola Mine in Mali. Under the notice provided to the Company by the Fekola workers union, the strike commenced on November 29, 2024 with a seven day duration ending on December 5, 2024. The Company is continuing to operate the Fekola mill at full throughput capacity during this period and still expects to be toward the lower end of its annual production guidance for the Fekola Mine of between 420,000 and 450,000 ounces of gold in 2024. The health, safety and security of B2Gold employees remains the Company's foremost priority. During the seven-day strike period, the Company is continuing to operate critical infrastructure and the mill on a reduced roster, maintaining the expected gold production profile during the period. It is important to note that under Malian legislation, employees are authorized to provide minimum service, and participation in strikes is not compulsory for employees who elect to continue to work. The Company believes that the labour action is primarily in response to the action B2Gold has taken against a small number of Fekola employees that previously engaged in illegal activities detrimental to productivity at the Fekola Mine, including "go slow" actions by the mining employees and an illegal sit in at the Fekola management office in August 2024. During this period, B2Gold urged all Fekola employees to avoid involvement in these illegal activities and, in line with Malian law, Fekola's current union agreements and the B2Gold employee code of conduct, has commenced the disciplinary process for those employees who chose to engage in the illegal activities. B2Gold remains ready and willing to participate in meetings with the Fekola workers union to reach a resolution, and will continue to adhere to legal procedures, respecting the rights of all its employees, inviting the union to engage in a constructive dialogue, and providing the authorities with all requested information. Fekola has well-documented and recognized procedures for raising any form of grievance, as well as established engagement platforms in place with union representatives, to engage on issues concerning B2Gold's employees. B2Gold is committed to the highest standards for integrity and transparency and will continue to focus on safe and sustainable mining at Fekola, which brings great benefits to the workforce, the surrounding communities and the State of Mali. In addition, the Company continues to make progress with the State of Mali on their respective deliverables and implementation of the necessary steps under the Memorandum of Agreement signed in September 2024, including the issuance of the necessary permits to commence exploitation at Fekola Regional. Upon issuance of the exploitation permit for Fekola Regional, mining operations will begin with initial gold production expected to commence in early 2025, with the potential to generate approximately 80,000 to 100,000 ounces of additional gold production on an annualized basis from Fekola Regional sources through the trucking of open pit ore to the Fekola mill. B2Gold continues to have a strong working relationship with the Malian Government.
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GPUS | Hot Stocks06:39 EST Hyperscale Data announces business update for TurnOnGreen - Hyperscale Data announced that its indirect subsidiary, TurnOnGreen has secured $3.9 million in new defense contracts through its power electronics division Digital Power Corporation. The agreements encompass the production and integration of defense-grade power conversion modules, tactical power switching and charging systems, and proprietary power distribution solutions. These advanced technologies are tailored to enhance the performance of off-road tactical vehicles, military ambulances, and critical warfare communication and networking systems. Further strengthening its position in the defense sector, TurnOnGreen has secured a strategic contract with a prominent Israel-based defense original equipment manufacturer. Under this agreement, TurnOnGreen will supply and integrate advanced power systems for all-terrain armored fighting vehicles and first-response military ambulances
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BFH | Hot Stocks06:38 EST Bread Financial announces $25M increase to 2024 share repurchase program - Bread Financial announced that its Board of Directors has approved a $25 million increase to its previously-announced 2024 share repurchase program, expanding the authorization from $30 million of common stock to $55 million of common stock through December 31, 2024. The Company had approximately $19 million remaining under its prior share repurchase program as of the date of this release; this increase will bring the total amount of share repurchase authorization to approximately $44 million through December 31, 2024.
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ZDGE | Hot Stocks06:34 EST Zedge's Emojipedia launches AI-powered Emoji Generator - Zedge announced the debut of Emojipedia's AI Emoji Generator, as part of its Emoji Playground. This free tool lets users create their own emojis by describing what they want and harnessing generative AI to deliver wowing emojis.
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ACN... | Hot Stocks06:32 EST Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors - Accenture (ACN) announced that its Board of Directors has nominated Masahiko Uotani and Jennifer Nason for election to the Board following Accenture's annual general meeting of shareholders on February 6, 2025. Uotani-san is the chairman and CEO of Shiseido (SSDOY). Nason is the Global Chair, Investment Banking at J.P. Morgan (JPM). They each will be listed as a director nominee in Accenture's 2024 proxy statement. The preliminary proxy statement is scheduled to be filed with the Securities and Exchange Commission this week. If elected by shareholders at the annual general meeting, Uotani-san will serve on the Finance Committee, and Ms. Nason will serve on the Finance and Compensation, Culture & People Committees. Together with our other nominees, the Board would comprise 11 directors.
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CORZ | Hot Stocks06:31 EST Core Scientific announces proposed convertible senior notes offering - Core Scientific announced its intention to offer, subject to market and other conditions, $500 million aggregate principal amount of convertible senior notes due 2031 in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Core Scientific also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes. The notes will be senior, unsecured obligations of Core Scientific, will accrue interest payable semi-annually in arrears and will mature on June 15, 2031 unless earlier converted, redeemed or repurchased. Noteholders will have the right to convert their notes in certain circumstances and during specified periods. Core Scientific will settle conversions by paying or delivering, as applicable, cash, shares of its common stock or a combination of cash and shares of its common stock, at Core Scientific's election. The notes will be redeemable, in whole or in part, for cash at Core Scientific's option at any time, and from time to time, on or after June 22, 2028 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Core Scientific's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. The notes will be subject to repurchase by Core Scientific for cash at the noteholders' option on December 15, 2027. In addition, if certain corporate events that constitute a "fundamental change" occur, then, subject to a limited exception, noteholders may require Core Scientific to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date or fundamental change repurchase date. The interest rate, initial conversion rate and other terms of the notes will be determined at the pricing of the offering. Core Scientific intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures, acquisitions of complementary businesses, or repurchases of its securities.
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IHS | Hot Stocks06:29 EST IHS Towers signs agreement to sell Kuwait operations to Zain Group - IHS Holding has signed a definitive agreement to sell IHS Towers' 70% interest in IHS Kuwait including its approximate 1,675 sites and an additional approximately 700 sites managed in Kuwait to Zain Group. The transaction is subject to customary closing conditions, including government and regulatory approvals, and is expected to close in the first half of 2025. The terms of the transaction reflect an enterprise value of $230 million for the IHS Kuwait portfolio, implying a transaction multiple of 14.2x based on an estimated IHS Kuwait Adjusted EBITDA after leases. This represents a significant premium compared to the current valuation multiple of the IHS Towers group. Entering into this agreement is part of IHS Towers' ongoing strategic review targeted at shareholder value-creation options. As previously indicated, the proceeds will primarily be utilized to reduce company debt.
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UHAL | Hot Stocks06:28 EST U-Haul opens self-storage facility in Rocky Mount - U-Haul is opening its first retail, moving and storage center in Rocky Mount to better meet the residential mobility and self-storage needs of Nash and Edgecombe Counties. U-Haul Moving & Storage of Rocky Mount at 131 S. Wesleyan Blvd. was acquired on Nov. 20. The 8.59-acre property was previously the site of Rocky Mount Storage. The facility, which offers a variety of 457 indoor climate-controlled storage units for rent, also has truck and trailer sharing; a retail showroom with boxes and moving supplies; and green initiatives like the Take A Box, Leave A Box program.
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IREN | Hot Stocks06:27 EST IREN increases capacity by 33% to 28 EH/s - IREN has increased its installed self-mining capacity by 33% to 28 EH/s. 31 EH/s expansion update: IREN has increased its installed capacity from 21 EH/s to 28 EH/s following the energization of its Childress Phase 3 substation. Childress Phase 3 construction is near complete and IREN expects to achieve 31 EH/s of installed capacity this month. Miner inventory: sufficient inventory on-site to achieve 31 EH/s: Construction:4 data center buildings complete, energized and hashing; 2 data center buildings remaining, finalization of internal fit-out and progressive completion expected this month IREN's continued delivery against its 31 EH/s expansion target, best-in-class fleet efficiency and low electricity costs positions the business as a large scale, low-cost producer with an all-in cash cost per Bitcoin of ~$29k. Accelerating expansion to 50 EH/s in H1 2025: IREN continues to invest in accretive growth and is accelerating its growth trajectory to 50 EH/s and 810MW of data centers in H1 2025, underpinned by: Single site expansion at Childress, through Childress Phase 4 & 5 with earthworks and foundation works ongoing; Site teams and processes in place to continue cadence of constructing approximately 50MW of data centers per month; S21 Pro miners previously secured.
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TRX | Hot Stocks06:25 EST TRX Gold sees FY25 gold production higher than FY24 levels - F2025 gold production is expected to be higher than F2024 levels, reflecting a full year of operations from the expanded 2,000 tpd processing plant. The Company updated its mine sequence for 2025 to include a waste stripping campaign which is scheduled to take place in H1 2025 in order to access high-grade ore blocks, not previously accessible. These high-grade ore blocks are expected to become accessible in the second half of F2025, benefiting production starting in Q3 and Q4 2025. As a result, gold production is expected to be lower in H1 2025 and higher production is expected in H2 2025. Cash cost per ounce3 is expected to remain in line with F2024 levels. Cash cost per ounce is expected to be slightly higher in H1 2025 and lower in H2 2025, as the mine sequence begins to access higher grade ore blocks in H2 2025. Operating cash flow will be predominantly reinvested in the Company with a focus on value enhancing activities, including: increased exploration and drilling with a focus on potential Mineral Resource expansion at Stamford Bridge, Buckreef Main, Buckreef West, Anfield, Eastern Porphyry extension; additional capital programs focused on plant optimizations, recovery improvements and production growth; and enhanced CSR/ESG programs.
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KNOS | Hot Stocks06:22 EST Kronos Advanced Technologies announces Cyber Monday savings - KRONOS ADVANCED TECHNOLOGIES announced its Cyber Monday sale running from December 2, 2024. Consumers can enjoy up to 50% off select Kronos' flagship products, including advanced air purifiers and accessories, designed to improve indoor air quality for healthier living. The savings continue throughout December with exclusive weekly deals, ensuring customers can experience clean, purified air while staying within budget this holiday season.
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SMHI | Hot Stocks06:21 EST Seacor Marine announces complete debt refinancing, newbuild orders - SEACOR Marine Holdings has entered into a new senior secured term loan of up to $391.0 million with an affiliate of EnTrust Global and separate agreements to build two platform supply vessels for a contract price of $41.0 million per vessel. The PSVs are each 4,650 tons deadweight with a 1,000 square meter deck area and equipped with medium speed diesel engines and an integrated battery energy storage system for higher fuel efficiency and lower running costs. The 2024 SMFH Credit Facility consolidates the Company's debt capital structure into a single credit facility maturing in the fourth quarter of 2029 and provides financing for the Shipbuilding Contracts. The Company also announced the entry into definitive agreements to sell two anchor handling towing and supply vessels for total proceeds of $22.5 million. The proceeds from the 2024 SMFH Credit Facility will be used to, among other things, refinance $203.7 million of principal indebtedness under multiple secured debt facilities and $125.0 million of unsecured indebtedness due in 2026, inclusive of $35.0 million of convertible debt. The 2024 SMFH Credit Facility also provides up to $41.0 million in borrowings to finance up to 50% of the Shipbuilding Contracts. Borrowings under the 2024 SMFH Credit Facility will bear interest at a rate of 10.30% per annum and principal will be repaid in an initial quarterly installment of $5.0 million in March 2025, followed by quarterly installments of $7.5 million for the refinanced indebtedness and 2.13% of the principal amount borrowed to fund the Shipbuilding Contracts.
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LNGNF | Hot Stocks06:19 EST LNG Energy withdraws production, capital guidance issued March 4 - As previously disclosed on October 21, 2024 and November 20, 2024, as a result of unexpected production restrictions at certain wells in the Bullerengue natural gas field, the Company has had to limit natural gas deliveries under certain gas sales agreements dedicated to supplying natural gas demand. Lewis Energy Colombia, a wholly-owned subsidiary of the Company, entered into amendment to certain gas sales agreements to reduce the applicable volumes by 5.0 MMbtu/d for a period of four months with no significant changes to the average natural gas sales price. LEC's attempts to address the production disruptions by way of an extensive workover campaign and drilling initiatives have not resulted in production increases. As a result, on November 22, 2024, LEC issued notice to the applicable regulator in Colombia regarding a restriction in the natural gas deliveries under certain supply contracts. The Company expects LEC to issue a notice of force majeure to its gas off-takers in Colombia setting out the technical basis for delivering less natural gas volumes than as set out in the gas sales agreements. LEC continues to receive the proceeds from the natural gas sales and has notified its senior lenders of the foregoing notice
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RDNT | Hot Stocks06:16 EST RadNet's DeepHealth launches new AI-powered solutions at RSNA 2024 - DeepHealth has launched new AI-powered solutions at RSNA 2024. These solutions enable breakthroughs in imaging-based diagnosis, population health screening programs, and efficient large-scale imaging operations. Moreover, DeepHealth launches SmartTechnology solutions that integrate advanced AI and informatics with imaging systems for more efficient, patient-centric workflows. This comprehensive portfolio, anchored on the cloud-native DeepHealth OS, is designed to improve operational efficiency, enhance clinical confidence, while elevating the experiences of patients and care teams. DeepHealth has established strategic collaborations with industry leaders in healthcare, medical imaging, AI, and cloud platforms to continuously innovate solutions, business models, and new care paradigms with the aim of empowering breakthroughs in care by unlocking the value of imaging. DeepHealth's latest innovations harness the power of AI to address pressing clinical and operational challenges in complex, high-volume care settings. These innovations include: DeepHealth OS - a cloud-native, AI-powered operating system that unifies data across clinical and operational workflows and is at the core of DeepHealth's portfolio. Diagnostic Suite - a modernized version of a traditional Picture Archiving and Communication System. It is a comprehensive interpretation and image management solution that provides a unified diagnostic workspace with a fast streaming viewer, smart reporting features, and advanced image management capabilities. TechLive - an AI-powered, multi-modality remote-scanning platform designed to enable collaboration and knowledge sharing across an imaging fleet in real-time. SmartTechnology - solutions that integrate AI-powered informatics with imaging systems to drive AI adoption, productivity, and better clinical outcomes through innovative industry collaborations with leading imaging OEMs.
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DGHI | Hot Stocks06:14 EST Digihost produces 37 bitcoin in November - The Company held cash, BTC and cash deposits of approximately $10.0 million as of November 30, 2024, which represents a roughly 11% MoM increase over the previous month. Between self-mining and hosting agreements, miners at the Company's facilities produced approximately 37 BTC during the month of November. The Company invested approximately $0.4 million in November in capital expenditures, mining infrastructure support equipment, and deposits, bringing year-to-date CAPEX deployment to a total of nearly $5 million. This significant investment underscores Digihost's commitment to long-term growth while maintaining a disciplined approach to capital allocation, prioritizing self-funding to minimize equity dilution for shareholders wherever possible. Operations Update: Presently, Digihost operates with approximately 100MW of available power across its three sites and has access to an additional 300MW of allocated power for future development. One of the Company's flagship plants was temporarily taken offline earlier in the quarter for scheduled multi-year maintenance and is expected to resume operations by the end of December 2024. The full utilization of this power capacity is projected to drive substantial revenue growth beginning in Q1, 2025. The Company is currently contracted with a leading multi-billion dollar global engineering and consulting firm to initiate the pilot phase of its Tier 3 data center expansion in Alabama. It expects to complete the project by the end of 2025 or early 2026.
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API | Hot Stocks06:13 EST Agora announces voluntary lock-ups by senior management - Agora announced the Company's senior management team have voluntarily entered into a lock-up period expiring on December 31, 2025. For the purpose of expressing confidence in the long term value of the Company, Mr. Bin Zhao, founder, chairman and CEO of the Company, Mr. Sheng Zhong, CTO and Chief Scientist of the Company, Mr. Jingbo Wang, CFO of the Company and Mr. Robbin Liu, Vice President of the Company, who comprise all executive officers of the Company, voluntarily undertook, pursuant to the terms contained in the letters of undertaking given to the Company, that they and entities controlled by them shall not in their discretions sell any shares of the Company directly or indirectly beneficially owned by them, until December 31, 2025, save for up to 0.4 million ADSs to be sold by Mr. Zhong for personal financial reasons. Mr. Zhong expects the sale to be completed by December 31, 2024.
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APGE | Hot Stocks06:12 EST Apogee Therapeutics plans to take combination approach to AD - Apogee plans to take a combination approach to AD by targeting Types 1-3 inflammation potentially offering JAK-like inhibition without their associated safety concerns. This approach offers the potential for improved clinical responses over monotherapies and best-in-class dosing. APG990 is a novel, SQ half-life extended mAb targeting OX40L, initially being developed for AD. OX40L is located further upstream in the inflammatory pathway than IL-13 and targeting it could have broader impact on the inflammatory cascade by inhibiting Type 1, Type 2 and Type 3 pathways. Apogee is evaluating APG990 in a Phase 1 healthy volunteer trial to establish safety, tolerability and PK profile, which would enable combination with APG777. The APG777 + APG990 coformulation has been shown to retain stability, injectability, and convenience of individual components. In preclinical studies it has demonstrated broad inhibition of Type 1, Type 2 and Type 3 inflammation with potential for better tolerability than JAK inhibitors. Pending APG990's Phase 1 results expected in the first half of 2025, Apogee plans to initiate its first combination trial in 2025 - a Phase 1b trial designed to evaluate the safety, PK, PD and efficacy of the combination of APG777 and APG990 against DUPIXENT in ~50-75 patients with moderate-to-severe AD with readout expected in second half of 2026. Apogee plans to take a combination approach to the treatment of asthma and COPD, leveraging mechanisms that address both central and local drivers of respiratory diseases, potentially enabling enhanced efficacy and extended dosing regimens. APG333 is a novel, SQ extended half-life mAb targeting TSLP, a key driver of Type 2 and Type 3 inflammation in eosinophilic and non-eosinophilic conditions. A Phase 1 trial in healthy volunteers is planned to commence by the end of 2024, with data expected in the second half of 2025. In preclinical studies, the combination of APG777 + APG333 has been shown to drive broader and deeper inhibition of inflammation centrally with deeper impact on local airway responses compared to approved or in-development biologics, with the potential for a significantly less frequent dosing schedule. Apogee plans to evaluate APG777 and APG333 monotherapies in respective Phase 1b trials in patients with asthma in 2025 to support advancement into future combination trials in asthma and COPD.
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APGE | Hot Stocks06:10 EST Apogee Therapeutics highlights progress at 2024 Inaugural R&D Day - Apogee Therapeutics will highlight updates from across its pipeline during its Virtual R&D Day, being held at 10:00 a.m. ET. Updates include interim results from the APG808 Phase 1 trial, data up to 12 months from the APG777 Phase 1 trial, details around the Company's strategy for combinations in AD, asthma and COPD to deliver better efficacy and dosing regimens, and the expected significant commercial potential of its programs. Key opinion leaders, Emma Guttman-Yassky and David Singh will also discuss the current landscape and need for new treatment opportunities for patients living with I&I conditions. The APG808 Phase 1 trial enrolled 32 healthy adult participants into four single-ascending dose cohorts. Today, Apogee shared interim data from all four SAD cohorts with at least 3-months follow-up: APG808 demonstrated a potential best-in-class PK profile, including a half-life of approximately 55 days, supporting the potential for every 2- to 3- month maintenance dosing. Single doses of APG808 demonstrated a deep and sustained effect on pharmacodynamic markers out to ~3 months. APG808 was well tolerated across all dose groups. Apogee is also now evaluating APG808 in a Phase 1b trial in patients with asthma, with data expected in the first half of 2025. Apogee is advancing multiple opportunities for best-in-class monotherapy and first-in-class combination approaches for the treatment of AD that could provide transformational dosing and efficacy compared to current approved and investigational biologics. APG777 is a novel, subcutaneous extended half-life monoclonal antibody targeting IL-13 with the potential for best-in-class efficacy and dosing compared to currently approved biologics. APG777 is being evaluated in an ongoing Phase 1 trial, which initiated in August 2023, and a global Phase 2 trial in AD, which initiated in May 2024. Apogee provided updated data from its Phase 1 trial, which is now out to 12 months, including a half-life of 77 days, consistent safety with prior data and favorable PD profile showing near complete inhibition of pSTAT6 for up to 12 months after a single administration and sustained TARC inhibition. These latest data support the potential path for APG777 to be dosed annually, which could create yet another opportunity to disrupt the future $50B+ AD market that is currently served by therapies that require dosing every 2-4 weeks. The Phase 1 data continue to support Apogee's ongoing Phase 2 trial of APG777 in patients with AD, demonstrating potential for improved clinical responses from greater exposures in induction and maintenance dosing of every 3- or 6-months. Based on strong enrollment in the Phase 2 trial to date, Apogee now expects to report 16-week topline data from Part A of the APG777 Phase 2 trial in mid-2025. The observed strong correlation between Phase 2 and Phase 3 data makes the 16-week induction data a key catalyst. Apogee plans to advance the development of APG777 in asthma and EoE, by initiating a Phase 1b trial in asthma in the first half of 2025, followed by a Phase 2b trial in asthma in the second half of 2025, and launching a Phase 2 trial in EoE in 2026.
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RDW | Hot Stocks06:05 EST Redwire expands European operations, opens office in Warsaw - Redwire Corporation announced the opening of a regional office in Warsaw, expanding the company's European operations to deliver space solutions to a global customer base. Redwire's Poland office will provide specification and design as well as assembly, integration, and testing support for the company's International Berthing and Docking Mechanism. Redwire's IBDM technology will enable autonomous spacecraft docking for the Gateway lunar space station's International Habitat, and iterations of this system could also support other elements of the Gateway as well as low Earth orbit spacecraft and commercial space stations. Additionally, Redwire will partner with Polish universities, medical research institutions, and pharmaceutical companies to leverage the company's trailblazing microgravity capabilities on the International Space Station. With a key objective to recruit local talent, Redwire has hired Marcin Dobrowolski as General Manager of the Polish office. Dobrowolski brings more than a decade of experience in the aerospace industry, with a proven track record of leadership and operational excellence. Prior to joining Redwire, Dobrowolski held leadership roles at PIAP Space and Thales Alenia Space. Dobrowolski has a deep expertise in mechanical engineering and space robotics, along with experience leading major projects for commercial and government space programs.
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WTER | Hot Stocks06:04 EST Alkaline Water announces return of CEO Ricky Wright - Alkaline Water announced the return of its co-founder and former president and CEO, Ricky Wright, to lead the company forward as it prepares for its next phase of growth. Wright, who retired in 2022, returns to the company. Wright's return coincides with the company's preparations to file its Form 15c211 application with FINRA, a crucial step toward becoming eligible for proprietary broker-dealer quotations and continuous market making. This move represents part of a larger strategy to enhance the company's market position and accessibility to investors.
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INVX | Hot Stocks06:03 EST Innovex completes purchase of Downhole Well Solutions - Innovex International has completed the acquisition of the remaining equity ownership of Downhole Well Solutions. Innovex previously made a minority investment in DWS in May 2023 and is pleased to continue its partnership with DWS and its management team. Founded in 2019, DWS is a leading provider of proprietary drilling optimization and friction reduction tools that are rented to operators in multiple US Land markets. DWS' commitment to customer satisfaction and the superior performance of their unique tools have allowed them to quickly establish themselves as one of the premier providers of downhole drilling optimization tools in the US Land market.
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REVB | Hot Stocks06:02 EST Revelation Biosciences announces FDA acceptance of Gemini IND - Revelation Biosciences announced that the United States Food and Drug Administration has accepted its investigational new drug application for Gemini. This game changing milestone allows the Company to initiate its US based Phase 1b clinical study to evaluate the potential of Gemini as a preconditioning treatment in patients with chronic kidney disease. The multi-site, placebo-controlled Phase 1b clinical study will enroll up to 40 subjects in up to 5 cohorts. The primary endpoint is evaluation of the safety and tolerability of a single dose of Gemini in patients with CKD. Secondary and exploratory endpoints will assess the pharmacokinetics, and the potential of Gemini to mobilize and attenuate the innate immune response to stress by measuring several predictive biomarkers of efficacy. Positive data from the Phase 1b study will enable a Phase 2 study of Gemini as a preconditioning treatment in patients with CKD to reduce the incidence, duration, and severity of acute kidney injury in patients undergoing coronary artery bypass graft and/or cardiac valve surgery.
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FFIE | Hot Stocks05:56 EST Faraday Future establishes local sourcing initiative in Ras Al-Khaimah - Faraday Future announced its commitment to local sourcing for manufacturing equipment in Ras Al-Khaimah, UAE. This strategic initiative aligns with the company's focus on fostering regional partnerships, streamlining logistics, and accelerating delivery timelines for its planned UAE manufacturing operations.
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GEHC | Hot Stocks05:53 EST GE HealthCare to acquire remaining 50% stake in Nihon Medi-Physics - GE HealthCare has agreed to acquire full ownership of Nihon Medi-Physics, by purchasing from Sumitomo Chemical the 50% stake it does not already own. Sumitomo and GE HealthCare expect the agreement to close in early 2025, subject to regulatory approvals. NMP's product portfolio includes GE HealthCare radiopharmaceuticals used to enable clinical images across neurology, cardiology and oncology procedures, such as its amyloid visualization radiotracer, Vizamyl Injection, used in the Alzheimer's pathway; DaTSCAN Injection used to evaluate patients with suspected Parkinson's Disease or Dementia with Lewy Bodies; and Myoview, used in Spect myocardial perfusion imaging for the evaluation of known or suspected coronary artery disease. NMP, headquartered in Tokyo, was formed in 1973 and generated revenues of $183M in 2023. In addition to 13 manufacturing facilities, NMP also focuses on research and development, including nonclinical and clinical development of radiotracers and theranostics research. GE HealthCare has held its 50% stake in NMP since acquiring Amersham in 2004 and holds three positions on its board of directors. The company expects this transaction to be neutral to adjusted EPS in year one and accretive thereafter.
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SPMYY KEYS | Hot Stocks05:43 EST Keysight Technologies provides update on regulatory clearances for Spirent deal - The boards of Spirent Communications (SPMYY) and Keysight Technologies (KEYS) announced that they had reached an agreement on the terms and conditions of a recommended all-cash acquisition of the entire issued and to be issued ordinary share capital of Spirent, to be effected through a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006. On May 22, the relevant resolutions proposed at the court meeting and general meeting of Spirent shareholders relating to the acquisition were duly passed. In connection with satisfying the regulatory conditions set out in the scheme document, Keysight is proposing to divest Spirent's high-speed ethernet and network security business lines. With support and assistance from Spirent, Keysight has commenced a competitive auction process with a view to completing a sale of the divestment business simultaneously with the acquisition becoming effective. Consistent with Keysight's approach to proactively addressing regulatory processes, Keysight has been engaging with the State Administration for Market Regulation of the People's Republic of China. Keysight and Spirent are committed to continued engagement with SAMR to obtain clearance for the acquisition under the Anti-Monopoly Law of the PRC, and accordingly filed the Acquisition for clearance by SAMR on November 25. Keysight confirms that the French Ministry for the Economy, Finance, and Industry has granted a conditional authorization of the acquisition. In addition, Keysight confirms that the Acquisition has been approved by the German Federal Ministry for Economic Affairs and Climate Action and by the UK's Chancellor of the Duchy of Lancaster under the National Security and Investment Act 2021. Accordingly, Conditions 3.4, 3.5 and 3.6 set out in Part A of Part III of the Scheme Document have been satisfied. Completion of the acquisition remains subject to the satisfaction or waiver of the remaining conditions to the Acquisition set out in Part III of the Scheme Document, including the condition relating to sanction of the Scheme by the Court. With support and assistance from Spirent, Keysight remains committed to working quickly to satisfy the conditions to the acquisition, and Keysight continues to expect the scheme to become effective during the first half of Keysight's current fiscal year. The precise timing for closing of the acquisition remains subject to the pending regulatory clearances. The parties continue to keep the timetable under close review and will provide any updates as required.
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TTEC | Hot Stocks05:35 EST TTEC Digital completes first phases of sales process optimization program - TTEC Holdings announced that TTEC Digital has completed the first phases of a global sales process optimization program with Westcon-Comstor, a global technology provider and specialist distributor. Westcon-Comstor operates across EMEA and APAC. It goes to market through two lines of business: Westcon and Comstor. While embarking on a business-wide digital transformation, the company saw an opportunity to optimize its selling activities and data systems by streamlining its sales process, unifying its data, and empowering its teams with modern, data-driven tools.
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KKR MAR | Hot Stocks05:27 EST KKR, Baupost Group announce joint venture to purchase 33 UK Marriott hotels - KKR (KKR) and The Baupost Group announced a joint venture to purchase a portfolio of 33 Marriott (MAR) hotels across the UK from a wholly owned subsidiary of the Abu Dhabi Investment Authority, or ADIA. Amante Capital, KKR's vertically integrated European hospitality platform, will serve as managing partner for the joint venture and the properties will continue as Marriott branded hotels. The portfolio consists of 33 full-service properties branded as Marriott and Delta by Marriott in London and prime regional cities including Edinburgh, Glasgow, Leeds and Liverpool. Amante Capital's experienced team will manage the portfolio on behalf of the joint venture.
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AJG | Hot Stocks05:20 EST Arthur J. Gallagher acquires Caytons Law, terms undisclosed - Arthur J. Gallagher announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based operations of Caytons Law. Terms of the transaction were not disclosed. Caytons is a claims and legal management firm with a particular focus on providing legal advice in relation to commercial and professional liability insurance matters. Operating in London and Bristol, John Cayton, Sam Moore, Robin Cundall and their team across the UK will operate under the direction of Manan Sagar, head of Gallagher Bassett's UK operations.
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HAFN | Hot Stocks05:17 EST Hafnia announces $100M share buyback program - Hafnia announced the board resolution to authorize the management to initiate a share buyback program of up to $100M, from December 2, to January 27, 2025, subject to market conditions. In furtherance of the authorization, the company hereby announces that it has put in place an agreement with Pareto Securities AS and its subsidiary, Pareto Securities, for the repurchase of the company's shares in open market transactions on the OSE and the NYSE. Pareto will make its own trading decisions concerning the timing of the purchases independently of the company. In order to comply with the European Market Abuse Regulation, the company provides the following required information: the company may repurchase up to 18M shares for a total amount of up to $100M during the period from December 2 until no later than January 27, 2025, and the purpose of the repurchase program is to reduce the number of the company's outstanding shares and to provide returns to the company's shareholders.
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MMV | Hot Stocks05:08 EST MultiMetaVerse to acquire Bowong Technology in all-share transaction - MultiMetaVerse announced that it has signed a definitive share exchange agreement with the shareholders of Bowong AI, which, after a series of restructuring transactions, is expected to indirectly hold 100% equity interests in Bowong Technology. Bowong Technology is a company equipped with technologies that are vertically integrated in the AI e-commerce sector. The share exchange agreement supersedes a non-binding term sheet between the company and Bowong Technology, which was announced on October 2. Pursuant to the share exchange agreement, each of the transferors agrees to sell and transfer to the company all of the shares of Bowong Cayman he beneficially owns, and in exchange and as consideration therefor, the company agrees to issue and allot an aggregate of 37M Class A ordinary shares to such transferors. Upon completion of the foregoing, Bowong Cayman will become a wholly-owned subsidiary of the company, and Bowong Technology and all the subsidiaries and affiliates controlled by it will become consolidated subsidiaries and affiliates of the company. The transaction is subject to the completion of the requisite corporate and other approvals and customary closing conditions. There can be no assurance that the transaction will be consummated in a timely manner, or at all.
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