Stockwinners Market Radar for December 12, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
LSB | Hot Stocks20:00 EST LakeShore Biopharma provides update on ongoing investigation involving Yi Zhang - LakeShore Biopharma announced that the Shenyang Municipal Public Security Bureau in China has initiated criminal investigations into actions taken by former chairman of the board of directors Yi Zhang. The Company has uncovered evidence suggesting that Yi Zhang, during his tenure in key executive roles, misappropriated corporate assets for personal gain and mismanaged the Company, resulting in significant financial losses over past several years, thereby seriously harming the interests of shareholders of the Company. In response to these revelations, by March 2024, the Company took decisive action to remove Yi Zhang from all executive positions within the Company and its subsidiaries, in accordance with the Company's Memorandum and Articles of Association effective at that time and relevant laws. This action was necessary to mitigate the damage caused by Yi Zhang and his associates. Under the new leadership, the Company's financial and operational performance has seen a marked improvement. The Company has achieved smooth operations, secured second position in China's Rabies vaccine market and reaffirmed the full year financial guidance through Fiscal Year 2025 ended March 31, 2025. In March 2024, Yi Zhang, despite having been dismissed, exploited his temporary control over the Company's Seal to forge contracts and falsify debts to entities controlled by him. Using these documents, he initiated a case with the Kaifeng Arbitration Commission, leading to the freezing of assets and bank accounts of the Company's wholly-owned subsidiary, Liaoning Yisheng Biopharma Co., Ltd., causing substantial operational challenges. The new management team swiftly secured additional financing to maintain business continuity and has taken comprehensive internal and external initiatives to reassure employees, customers, distributors, suppliers, and financial partners regarding the recent developments described above and to underscore the stability and ongoing operations of the business. The Company also promptly challenged the unfounded claims filed by Yi Zhang at the Kaifeng Arbitration Commission, and is confident that these baseless claims will be dismissed, allowing for the release of the frozen assets.
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MNTS | Hot Stocks19:50 EST Momentus trading halted, news pending
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MLGO | Hot Stocks19:50 EST MicroAlgo Inc trading halted, news pending
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BLUE | Hot Stocks19:50 EST Bluebird Bio trading halted, news pending
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DBGI | Hot Stocks19:50 EST Digital Brands Group Inc trading halted, news pending
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BGNE | Hot Stocks19:34 EST BeiGene announces global licensing agreement for MAT2A inhibitor - BeiGene announced it has entered into a global licensing agreement with CSPC Zhongqi Pharmaceutical Technology Co., Ltd. for SYH2039, a novel methionine adenosyltransferase 2A-inhibitor being explored for solid tumors. SYH2039 targets solid tumors that have a mutation called MTAP deletion, which is estimated to be present in approximately 15 percent of all cancer types with the most common including glioblastoma, pancreatic cancer and non-small cell lung cancer. "With one of the most dynamic solid tumor portfolios in the industry, we are continually assessing opportunities that align with our strategic focus and address significant unmet needs for patients. This MAT2A inhibitor is a valuable addition to our solid tumor pipeline, and we're eager to explore its potential, particularly in combination with our internally developed PRMT5 inhibitor, BGB-58067. Together, these assets hold promise for advancing treatment across a range of solid tumors," said Lai Wang, Ph.D., Global Head of R&D at BeiGene. BGB-58067, which is on track to enter the clinic before the end of the year, is designed to avoid on-target hematological toxicity seen with first-generation PRMT5 inhibitors. It has best-in-class potential with high potency, selectivity, and brain penetrability. Under the terms of the agreement, BeiGene has an exclusive license to develop, manufacture and commercialize SYH2039 worldwide. CSPC will receive upfront and time-based payments totaling $150M and will be eligible for payments upon the achievement of certain development and commercial milestones and tiered royalties.
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BNEFF | Hot Stocks19:29 EST Bonterra Energy sees FY25 CapEx C$65M-C$75M - "Building on Bonterra's successful execution within its new Charlie Lake and Montney plays in 2024, we are pleased to have established a second core area in the Charlie Lake and an emerging resource play in the Montney, toward which capital will be allocated in 2025 and beyond. The approved Budget, which includes $65 million to $75 million in capital expenditures, is designed to maximize Free Funds Flow in the prevailing commodity price environment through strategic capital allocation across the Company's two core areas," said Patrick Oliver, President and CEO of the Company. "While continuing to prudently develop our high-quality, oil-weighted asset base, we intend to focus on debt repayment in 2025, a key initiative in supporting our ultimate goal of implementing a sustainable return of capital to shareholders," added Mr. Oliver.
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APP | Hot Stocks19:26 EST AppLovin director Chen sells $63.9M worth of class A shares - In a regulatory filing, AppLovin director Herald Chen disclosed the sale of $63.9M worth of class A common shares in multiple transactions, all dated December 10.
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TAK HCM | Hot Stocks19:09 EST Hutchmed to receive milestone payment from Takeda - Hutchmed (HCM) announced hat it will receive a $10M milestone payment by its partner Takeda (TAK). Takeda received a national reimbursement recommendation for FRUZAQLA for patients with previously treated metastatic colorectal cancer in Spain in December 2024, the first national reimbursement recommendation in Europe. CRC is the second most common cause of cancer-related deaths in Europe. FRUZAQLA was approved by the European Commission of the European Union in June 2024. Takeda has the exclusive worldwide license to further develop, commercialize and manufacture fruquintinib outside of mainland China, Hong Kong and Macau. "We are delighted for both our partner, Takeda, and patients in Spain who will now be able to receive reimbursement for this innovative treatment. This is an important step forward in improving patient access across Europe more broadly," said Dr Weiguo Su, Chief Executive Officer and Chief Scientific Officer of HUTCHMED. "It also underscores our ongoing collaboration with Takeda and reinforces our shared commitment to addressing the needs of patients with metastatic colorectal cancer."
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TDY | Hot Stocks18:47 EST Teledyne director Smith sells 2,025 common shares - In a regulatory filing, Teledyne director Michael Smith disclosed the sale of 2,025 common shares of the company on December 12 at a price of $478.25 per share.
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ACOG | Hot Stocks18:43 EST Alpha Cognition voluntarily delisting from Canadian Securities Exchange - Alpha Cognition will voluntarily delist its common shares from the Canadian Securities Exchange, in connection with its listing on Nasdaq. The shares will be delisted from the Canadian Securities Exchange at the close of trading on December 17. The company's common shares will continue to trade on the Nasdaq under the symbol "ACOG".
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CAN AGMH | Hot Stocks18:23 EST AGM Group Holdings to acquire Bitcoin mining equipment from Canaan - AGM Group Holdings (AGMH), through its wholly owned Hong Kong subsidiary AGM Technology, entered into a purchase agreement to acquire 2,000 units of Bitcoin mining machines from Canaan (CAN). The purchase of the 2,000 BTC miners became effective as of December 1. Additionally, the company has secured an option to acquire up to approximately 30,000 additional BTC mining units, with a combined power capacity not exceeding 300 megawatts, valid until December 31, 2025. Canaan is a wholly owned subsidiary of Canaan Inc. Established in 2013, Canaan is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services.
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DKL | Hot Stocks18:06 EST Gravity to sell water midstream business to Delek Logistics - Gravity Oilfield Services announced that it has agreed to sell its Gravity Water Midstream division to Delek Logistics Partners, LP. Gravity Water Midstream provides gathering, transportation, recycling, storage, and disposal solutions for produced water in the Midland Basin in Texas and the Williston Basin in North Dakota. "The acquisition of Gravity Water Midstream by Delek Logistics creates a path to continue to build incredible scale in our water midstream platform in the Midland Basin," said Rob Rice, CEO of Gravity. "I am thankful to the employees of Gravity for their focus on service and dedication to building one of the largest commercial water management platforms in the Midland and Williston Basins. Building this water midstream platform would not be possible without the incredible support and partnership of Clearlake. I am excited to welcome in this new era for water management in the Midland and Williston Basins under the capable leadership of Delek Logistics." While Gravity is divesting its water midstream assets, the company will retain ownership and operation of its power infrastructure assets, continuing its commitment to providing critical power generation offerings.
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AVGO | Hot Stocks18:00 EST Broadcom sees market for AI its accelerators $15B-$20B next year - Says focused on using cash to pay down debt. Says still open to adding to portfolio.
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DKL | Hot Stocks17:52 EST Delek Logistics acquires Gravity Water Midstream for $285M - Delek Logistics announced the development of permitted acid gas injection, or AGI, capabilities at its under-construction Libby 2 gas processing plant. The company said this expansion not only lays the groundwork for further Libby complex expansion but also adds significant standalone economic value to the original project lowering the overall build multiple. The company expects to have the AGI capabilities in the second half of 2025. Additionally, DKL announced the acquisition of Gravity Water Midstream for a total consideration of $285M. The acquisition is synergistic to DKL's recent acquisition of H2O Midstream and supplements DKL's integrated crude and produced water gathering and disposal offering in the Midland Basin. The company is being acquired at an EBITDA multiple below 5.5x excluding synergies and is immediately accretive to DKL's free cash flow, EBITDA and leverage. DKL also secured an additional 34,000 acreage dedication incremental to the previously announced 50,000 acreage dedication in the Midland Basin. The additional acreage dedication improves the overall economics and opens the possibility of a cross commodity offering in the future. This takes total acreage dedication to DKL in the Midland Basin to 400,000 acres.
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AVGO | Hot Stocks17:51 EST Broadcom sees Q1 AI revenue growth of 65% - Expects "momentum in AI connectivity to be as strong as more hyperscalers deploy jericho3-ai." Expects broadband to show recovery beginning in Q1. Expects AI revenue for serviceable addressable market to be in the range of $60B-$90B in FY27. Expects semiconductor revenue to grow around 10% to $8.1B in Q1. Comments taken from Q4 earnings conference call.
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CZR TPG | Hot Stocks17:50 EST Caesars closes sale of the LINQ Promenade to JV for for $275M - Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust for $275M . Concurrent with the closing of the transaction, Caesars made a $27M voluntary prepayment of our Term Loan B due 2030 with the proceeds from the transaction.
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COST | Hot Stocks17:33 EST Costco sees FY25 capital expenditures $5B - Says pharmacy set new volume records. Says U.S. app was downloaded 2.9M times in the quarter. Says has seen great strength in non-food categories. Says members are willing to spend as inflation is down. Says seeing a lot of interest in retail media from agencies. Says no plans for stock splits. Says there is uncertainty around timing and scope of tariffs. Says in general tariffs raise costs so not positive on tariffs. Says a quarter of business in non-food. Comments and guidance taken from Q1 earnings conference call.
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GILD | Hot Stocks17:31 EST Gilead appoints Dietmar Berger as Chief Medical Officer - Gilead announced that Dietmar Berger will join the company on January 2, 2025, as Chief Medical Officer and will become a member of Gilead's senior leadership team. Berger succeeds Merdad Parsey. Most recently, Berger was the Chief Medical Officer and Global Head of Development at Sanofi, where he led development science, strategy and operations across the company's therapeutic areas of focus. Prior to Sanofi, Berger served in senior development roles at Atara, Genentech, Bayer and Amgen.
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PFE | Hot Stocks17:26 EST Pfizer raises quarterly dividend to 43c per share - Pfizer announced that its board of directors declared an increase in the quarterly cash dividend on the company's common stock to 43c for the first-quarter 2025 dividend, payable March 7, 2025, to holders of the Common Stock of record at the close of business on January 24, 2025. The first-quarter 2025 cash dividend will be the 345th consecutive quarterly dividend paid by Pfizer.
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PNW | Hot Stocks17:20 EST Pinnacle West and APS CEO Jeff Guldner retiring, Ted Geisler to succeed - Pinnacle West and Arizona Public Service - APS - Chairman and CEO Jeff Guldner will retire as Chairman of the Board, CEO and board member on March 31, 2025, after 5 years of leading the company. APS President Ted Geisler will assume the roles of Chairman of the Board, President and CEO of Pinnacle West and APS effective April 1, 2025. Guldner will remain employed by Pinnacle West in a non-executive advisory capacity through the end of March 2026. Geisler has been President of APS since 2022 and has held a series of leadership positions at the company during his 23-year career at APS. Geisler began his career at APS in 2001 and has held positions on the executive team since 2018, including the past two years as President. Geisler is currently Chairman of the Board of the Arizona Chamber of Commerce and on the board of the Greater Phoenix Economic Council.
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PBA | Hot Stocks17:07 EST Pembina Pipeline sees FY25 adjusted EBITDA C$4.2B-C$4.5B - Sees FY25 Capital Investment program C$1.1B. Pembina anticipates a record setting financial year in 2024 reflecting the positive impact of recent acquisitions, growing volumes in the WCSB, and a strong contribution from the marketing business. As expected, volumes in the conventional pipelines business have strengthened in the fourth quarter relative to the first three quarters of the year.
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NEU | Hot Stocks17:03 EST NewMarket announces $500M share repurchase program - The board of directors of NewMarket approved a new share repurchase program authorizing management to repurchase up to $500M of the company's outstanding common stock through December 31, 2027, as market conditions warrant and covenants under the company's existing debt agreements permit. The new repurchase program will replace the company's existing $500M repurchase program approved by the board of directors in October 2021, which will expire on December 31. Under the new program, the company may conduct share repurchases in the open market, in privately negotiated transactions, through block trades or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The new program does not require the company to acquire any specific number of shares and may be terminated or suspended at any time.
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XPRO | Hot Stocks17:03 EST Expro Board approves extension to company's stock repurchase pact - The Board of Directors of Expro Group Holdings has approved an extension to the Company's stock repurchase program. Pursuant to the extended stock repurchase program, the Company is currently authorized to acquire up to $100 M of its outstanding common stock from October 25, 2023 through November 24 of which approximately $90Mremained available for repurchases as of the date hereof. Under the Stock Repurchase Program, the Company may repurchase shares of the Company's common stock in open market purchases, in privately negotiated transactions or otherwise. The Stock Repurchase Program will continue to be utilized at management's discretion and in accordance with federal securities laws.
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CNTM | Hot Stocks17:02 EST ConnectM receives Nasdaq notice regarding delayed filing - ConnectM Technology Solutions announced that on December 6, 2024, it received a notice from the staff of the Listing Qualifications Department of Nasdaq stating that because the company had not filed its Quarterly Report on Form 10-Q for the period ended September 30, 2024, it no longer complies with Nasdaq Listing Rule 5250(c)(1) for continued listing, which requires listed companies to timely file all required periodic financial reports with the Securities and Exchange Commission. This notification has no immediate effect on the listing of the company's shares on Nasdaq. However, if the company fails to timely regain compliance with the Nasdaq Listing Rule, the company's securities will be subject to delisting from Nasdaq. ConnectM now has until February 4, 2025 to submit a plan to regain compliance. If Nasdaq accepts the plan, Nasdaq can grant an exception of up to 180 calendar days from the Filing's due date, or until May 19, 2025, to regain compliance. If Nasdaq does not accept the plan, ConnectM will have the opportunity to appeal that decision to a Nasdaq Hearings Panel.
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UPBD | Hot Stocks17:01 EST Upbound Group to acquire Brigit for up to $460M - Upbound Group announced it has entered into a definitive agreement to acquire Brigit, a leading financial health technology company, for total consideration of up to $460M consisting of cash and shares of Upbound common stock. This transaction is a logical next step reflecting Upbound's strategic focus on expanding its technology-driven financial solutions for consumers who are underserved by the traditional financial system. Brigit, which offers a subscription-based model, was launched nationally in 2019 to expand financial inclusion and help consumers build a brighter financial future. It is consistently ranked among the most downloaded financial health apps and is a recognized leader in innovation in the industry. Built on proprietary artificial intelligence and machine learning-powered cash flow data insights, Brigit's core product is its direct-to-consumer Instant Cash advance product which has saved its users approximately $1B in overdraft fees since inception. Brigit also offers a credit builder product that helps its subscribers build their credit history over time as they increase their savings, as well as financial wellness solutions and educational resources to help consumers better manage, save, and earn money. Brigit currently serves nearly two million monthly active customers, including over one million active paying subscribers and almost one million free subscribers. Their customers are highly engaged, with paid users logging in on average six times per month. The business is expected to generate revenues of approximately $215M to $230M in 2025 and approximately $350M to $400M in 2026. Following the transaction, Upbound expects pro forma net leverage ratio of approximately 3x and pro forma available liquidity of nearly $300M. Upbound continues to target leverage of approximately 2x over the long-term. The acquisition is expected to close in Q1 2025, subject to receipt of requisite regulatory approvals and satisfaction of other customary closing conditions.
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HWC | Hot Stocks17:01 EST Hancock Whitney renews share repurchase authorization - Hancock Whitney announced that at its December meeting, the company's Board of Directors authorized a stock buyback program pursuant to which the company may, from time to time, purchase up to 5% of the shares of company common stock outstanding as of December 31, 2024, replacing the previous stock buyback program that expires on December 31, 2024. The Stock Buyback Program is effective on January 1, 2025 and expires on December 31, 2026.
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CIM | Hot Stocks16:38 EST Chimera's Jack Macdowell buys $999K in company shares - Chimera's Jack Macdowell disclosed the purchase of 66,000 shares of company stock at $15.13 per share on December 10 for a total transaction amount of $998,580.
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EIX | Hot Stocks16:37 EST Edison International raises quarterly dividend by 6% to 82.75c per share - The dividend is payable on Jan. 31, 2025, to shareholders of record on Jan. 7, 2025.
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WPC | Hot Stocks16:31 EST W.P. Carey increases quarterly dividend to 88c per share - W. P. Carey increased its quarterly cash dividend to 88c per share, equivalent to an annualized dividend rate of $3.52 per share. The dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024.
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FSEA | Hot Stocks16:31 EST First Seacoast Bancorp authorizes additional buyback of up to 229K shares - The company states: "First Seacoast Bancorp announced it has authorized additional share repurchases, up to an additional 228,858 shares of common stock, under its ongoing stock repurchase program. Previously announced in April 2024, the original repurchase authorization encompassed 507,707 shares of common stock, representing approximately 10% of the then outstanding shares. To date, the Company has repurchased 397,008 shares at an average price of $9.15 per share. The additional repurchase authorization represents approximately 5% of pro forma outstanding shares assuming the repurchase of the remaining shares subject to the original authorization."
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BLKB | Hot Stocks16:29 EST Blackbaud considering alternatives for Everfi, to take charge up to $415M - In a regulatory filing, Blackbaud said it previously disclosed that while EVERFI, a component of its Corporate Sector market group, represented a small portion of the company's total revenue at approximately 8% for the nine months ended September 30, the company expected EVERFI to continue to be a drag on its overall performance. "We recently hired a strategic advisor to assist us in considering a range of alternatives for EVERFI, one of which includes a potential divestiture of the business. As part of evaluating alternatives for EVERFI, we prepared a revised business forecast that included a new level of detail, including separately identifiable cash flows for EVERFI. The Company then reassessed its asset groupings under ASC 360-10 and determined there was a new asset group for EVERFI and evaluated this asset group for potential impairment. On December 9, 2024, the Company concluded that a material impairment charge is required related to its EVERFI asset group, which primarily includes finite-lived intangible assets and capitalized software and content development costs. The estimated pre-tax noncash charge may be up to approximately $415 million, which will be reflected in our consolidated financial statements for the fourth quarter of 2024. The Company is currently in the process of measuring the impairment and the actual amount of the impairment charge could differ materially from this estimate. In accordance with Item 2.06 of Form 8-K, the Company will file an amendment to this Current Report on Form 8-K after it makes a determination of an estimate of the amount or range of amounts of the impairment charge. The impairment charge will not result in any future cash expenditures. There may be additional impairment charges recorded as a result of completing our evaluation of strategic alternatives for EVERFI. EVERFI remains well positioned to support its customers. We will continue to provide updates as progress is made on this initiative," the company stated. Reference Link
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ELVA | Hot Stocks16:29 EST Electrovaya gets 1st purchase order from Japan-based eqipment manufacturer - The Company announced the receipt of its first purchase orders from a global Japanese-headquartered manufacturer of construction equipment. Electrovaya will be powering an electric excavator product line with an estimated scaled production start in 2026. The initial shipments are expected to be delivered in Q2 FY2025 to a manufacturing site in Japan. Sumitomo Corporation Power and Mobility is the trading company partner.
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PRTG | Hot Stocks16:24 EST Portage Biotech receives noncompliance notification from Nasdaq - Portage Biotech announced that it received written notice from Nasdaq indicating that the company was not in compliance with the minimum shareholders' equity requirement for continued listing on Nasdaq as set forth in Nasdaq Listing Rule 5550, because the company's shareholders' equity of $695,000 as of September 30 as reported in the company's report on Form 6-K containing unaudited condensed consolidated interim financial statements for the three and six months ended September 30, filed with the SEC on November 26, was below the required minimum of $2.5M, and because, as of the date of the Notice, the company did not meet either of the alternative continued listing standards for the Capital Market, relating to market value of listed securities of at least $35M or net income from continuing operations of at least $500,000 in the most recently completed fiscal year or in two of the last three most recently completed fiscal years.
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ELVA | Hot Stocks16:21 EST Electrovaya: Due to improved financials 'going concern note' not needed - Given the improved financial performance of the Company, management and the Company's auditors concluded that the going concern note in the company's financial statements is no longer required.
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DHT | Hot Stocks16:21 EST DHT Holdings to sell DHT Scandinavia for $43.4M - DHT Holdings has entered into agreement to sell the DHT Scandinavia, a 2006 built VLCC, for $43.4M. The company expects to deliver the vessel to its new owner in January 2025. The vessel has no outstanding bank debt and the sale proceeds will be allocated to general corporate purpose, hereunder investments in vessels, share buy-backs or prepayment of debt. The sale will reduce the average age of the company's fleet and improve its AER, EEOI and CII metrics.
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RPTX | Hot Stocks16:21 EST Repare Therapeutics reports 'positive' results from MYTHIC Phase 1 trial - Repare Therapeutics reported positive data from its MYTHIC Phase 1 gynecologic expansion clinical trial evaluating the combination of lunresertib and camonsertib at the recommended Phase 2 dose in patients with endometrial cancer and platinum-resistant ovarian cancer harboring lunre-sensitizing biomarkers. Lunresertib is a first-in-class precision oncology small molecule PKMYT1 inhibitor which targets cell cycle regulation in Lunre BM+ tumors. Camonsertib is a potential best-in-class oral small molecule inhibitor of ATR, a critical component of the DNA damage response pathway. "We are encouraged by the strong response and the clear benefit we observed in patients with endometrial and platinum-resistant ovarian cancers in the MYTHIC clinical trial," said Lloyd M. Segal, President and Chief Executive Officer of Repare. "These patients need new treatment options and our results support the potential for Lunre+Camo to make a real, positive difference if approved, particularly as a chemotherapy alternative. We have positive feedback from regulatory agencies in both the US and Europe and we look forward to getting started on a registrational Phase 3 trial of Lunre+Camo in endometrial cancer in the second half of 2025."
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RH | Hot Stocks16:20 EST RH jumps 20% to $458 after Q3 results, FY24 revenue guidance raise
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RH | Hot Stocks16:19 EST RH sees no negative impact to margins from potential tariffs - RH said in its Q3 earnings letter: "We do not expect a negative impact to margins as a result of the most recent communications regarding the potential for increased tariffs in 2025. We have been proactively moving sourcing away from China over the past several years with the expectation of fully exiting the country by the end of the second quarter. We are also transitioning products manufactured in Mexico and believe we can successfully reposition our sourcing with no disruption to the supply chain."
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RH | Hot Stocks16:19 EST RH raises FY24 revenue growth view to 6.8%-7.2% from 5%-7% - Consensus $3.16B. Raises FY24 Demand growth view to 6.8%-7.2% from 5%-8%. Narrows Fy24 operating margin view to 11.5%-11.7% from 11%-12%. Narrows FY24 adjusted EBITDA margin view to 17.2%-17.4% from 17%-18%. The company states: "We have worked hard to destroy the former version of ourselves and are in the process of unleashing what we believe is an exponentially more inspiring and disruptive RH brand, inclusive of the most prolific product transformation and platform expansion in the history of our industry. We believe the important investments we are making during this depressed housing cycle are creating a level of strategic separation in our industry that rivals the most important brands in the world." Reference Link
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AVGO | Hot Stocks16:18 EST Broadcom raises quarterly dividend 11% to 59c from 53c per share - The dividend is payable on December 31 to stockholders of record at the close of business on December 23.
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ACA | Hot Stocks16:17 EST Arcosa renews $50M share repurchase authorization - Arcosa announced that its Board of Directors has declared a regular quarterly cash dividend of 5c per share on its 1c par value common stock. The quarterly cash dividend is payable January 31, 2025 to stockholders of record as of January 15, 2025. The company also renewed its $50M share repurchase program, effective January 1, 2025 through December 31, 2026, replacing the current share repurchase program of the same amount that will expire on December 31, 2024. Shares may be repurchased in the open market or through private transactions at times and amounts determined by the company based on its evaluation of market conditions and other factors.
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BOLD | Hot Stocks16:15 EST Boundless Bio provides portfolio update - The company said, "Boundless announced the following updates to its portfolio of novel ecDTx programs for a range of aggressive and difficult-to-treat cancer indications: Enrollment is ongoing in Boundless's Phase 1/2 POTENTIATE clinical trial, which is evaluating BBI-355 both as a single agent and in combination with targeted therapies for patients with oncogene-amplified solid tumors. BBI-355 is a novel, oral, and potent CHK1 inhibitor specifically designed to target replication stress in oncogene-amplified cancers. The company has reaffirmed its expectation to report preliminary clinical proof-of-concept safety and antitumor activity data in the second half of 2025. Boundless has been evaluating BBI-825, an oral RNR inhibitor, in the Phase 1/2 STARMAP clinical trial for patients with solid tumors, including those with BRAFV600E or KRASG12C mutated colorectal cancer that has developed resistance oncogene amplifications. To date, BBI-825 has been generally well-tolerated. Following an assessment of preliminary pharmacokinetic data from the Part 1 portion of the trial showing a lack of dose-proportional exposure, and the increasing complexity and associated development costs related to the evolving BRAFV600E and KRASG12C mutated cancer treatment landscape, Boundless has made the strategic decision not to continue dose escalation of Part 1 or to proceed into the Part 2 portion of the STARMAP trial. Boundless has progressed its ecDTx 3 program targeting a previously undrugged kinesin essential for ecDNA segregation and expects to select a development candidate by mid-2025. The company has reaffirmed that it expects to submit an Investigational New Drug (IND) application in the first half of 2026."
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ZTS | Hot Stocks16:15 EST Zoetis raises quarterly dividend 16% tot 50c per share - The Board of Directors of Zoetis Inc. has declared a dividend of 50c per share for the first quarter of 2025, an increase of 16% from the quarterly dividend rate paid in 2024. The dividend will be paid on Tuesday, March 4, 2025, to all holders of record of the company's common stock as of the close of business on Tuesday, January 21, 2025. "Zoetis' performance has been strong this year, driven by our diverse, science-driven portfolio and our differentiated execution," said Wetteny Joseph, Executive Vice President and Chief Financial Officer at Zoetis. "I am pleased to announce that we are increasing our dividend in 2025, consistent with our commitment to returning excess capital to shareholders."
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RWT | Hot Stocks16:15 EST Redwood Trust raises quarterly dividend 5.9% to 18c per share - The fourth quarter 2024 common stock dividend is payable on December 30, 2024 to stockholders of record on December 23, 2024.
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RH | Hot Stocks16:15 EST RH to begin introduction of Waterworks brand across its platform this week - The company states: "As you know, we acquired Waterworks in 2016, arguably the most desired brand in the luxury bath and kitchen category. The Waterworks team has done an outstanding job over the past eight years to further elevate the brand and build a highly profitable business model that can scale. Waterworks, like most other luxury brands in the home space, generates the vast majority of its revenues from the trade market, selling to architects, designers, developers and builders. While RH has a meaningful trade business, the vast majority of our revenue is generated by consumers. We believe there is a significant opportunity to amplify the Waterworks business on the RH platform by exposing the brand to a much larger audience, similar to how we have expanded other trade focused businesses and brands over the years. This week we will begin to introduce the Waterworks brand across the RH platform beginning with a 3,000 square foot Waterworks Showroom in our largest new Design Gallery opening tomorrow in Newport Beach, California. Our interior designers around the world will now be able to specify Waterworks in their design projects and customers will be able to view and purchase Waterworks on RH.com in the next few weeks. We also plan to test a Waterworks Sourcebook in the second half of 2025. Waterworks today is just shy of a $200 million dollar business with mid-to-high teens EBITDA margin that we believe has the potential to become a billion-dollar global brand on our platform. We also have plans to unveil RH Couture Upholstery by Dmitriy & Co. in the first half of 2025. We purchased Dmitriy & Co. in 2020 with a vision of making the most exquisitely designed and crafted upholstered furniture in the world, previously only available to-the-trade, accessible to consumers on the RH platform. While there has been much speculation regarding how we might change Dmitriy & Co. to address a larger market, our plan is just the opposite. We believe, by not changing anything, we will change everything. Like Waterworks, we believe transitioning some of the most admired brands in the world from a solely trade based to a blended consumer and trade-based business model is a very big idea, and one that can result in exponential growth for these highly desired brands."
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BOLD | Hot Stocks16:14 EST Boundless Bio CMO Klaus Wagner, CBO Neil Abdollahian to depart - Boundless Bio announced updates to its executive leadership team. Klaus Wagner, chief medical officer, or CMO, and Neil Abdollahian, chief business officer, or CBO, will depart the company at the end of December and in early January, respectively. James Freddo, current advisor to Boundless with nearly 30 years of clinical leadership experience in biopharmaceutical companies, will serve as interim CMO while the company conducts a search for a permanent hire. Boundless does not intend to appoint a new CBO at this time.
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DAR | Hot Stocks16:13 EST Darling Ingredients announces leadership changes - Darling Ingredients EVP and CFO Brad Phillips will retire from the company after 36 years, effective June 15, 2025. Robert Day, currently EVP and Chief Strategy Officer, will assume the role of EVP and CFO effective on the day after the company files its 2024 Form 10-K, which is expected to occur on Feb. 25, 2025; after which, Phillips will remain employed until his retirement date to assist Day in his transition. Sandra Dudley, currently EVP, Renewables and U.S. Specialty Operations, will succeed Day as Chief Strategy Officer, under the new title of EVP, Renewables and Chief Strategy Officer. Carlos Paz will join the company as EVP, Global Risk Management, Ingredients. Day joined Darling Ingredients in August 2023 as Chief Strategy Officer. Prior to joining the company, he served as a partner at Ascendant Partners. From 2015 to 2022, Day was with Ceres Global Ag. Corp., where he served as CEO from 2016 to 2022. Prior to that, he was Managing Director Asia at ED&F Man; and he held a variety of executive and senior management roles with Cargill. Dudley joined Darling Ingredients in 2015 and has served as EVP, Renewables and U.S. Specialty Operations since October 2021. Prior to joining Darling Ingredients, from 1998 to 2004, she worked at ConAgra Foods. Paz joins Darling Ingredients from Ceres Global, where he served as President and CCEO from August 2022 until December 2024. Prior to joining Ceres, he spent over 20 years at Cargill.
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RH | Hot Stocks16:13 EST RH reports Q3 total demand growth up 13% from last year - The company states: "Q3 Total Demand Growth increased 13%, RH Brand Demand Growth increased 14%. November Total Demand Growth accelerated to up 18%, RH Brand Demand Growth accelerated to up 24."
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NOG | Hot Stocks16:12 EST Northern Oil and Gas enters into Appalachian Joint Development Program - Northern Oil and Gas "announced that it has entered a Joint Development Program with one of Appalachia's most capital efficient operators. The program, which covers drilling activities in calendar year 2025, requires a capital commitment from NOG expected not to exceed $160 million for a 15% working interest. The program provides for participation in Appalachia wells to be spud during 2025 and offers NOG a high degree of visibility and incremental certainty on its 2025 ground game program while adding to its gas inventory."
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AUR | Hot Stocks16:11 EST Aurora Innovation opens advanced Lidar research facility in Bozeman, Montana - Aurora Innovation announced the opening of its new 78,000 square-foot office and testing facility in Bozeman, Montana. Located on Montana State University's Innovation Campus, the space builds upon the university's 30-year history of producing industry-leading photonics engineers and innovations. Inaugurated today with a ribbon-cutting ceremony attended by state elected officials, regulators, and community leaders, Aurora's facility is designed to support the continued development and testing of its proprietary FirstLight Lidar technology. The state-of-the-art space includes advanced research and development labs, a world-class manufacturing area with a cleanroom, a garage for vehicle testing, and modern office and collaboration spaces for Aurora's growing Bozeman team. This investment highlights Aurora's commitment to innovation and its partnership with the local community. "Our state is made stronger when companies like Aurora choose to expand their business in Montana," said Montana Governor Gianforte. "From their investments in the Bozeman community, to inspiring the next generation of innovators, Montana is seeing rapid growth in industries like photonics thanks to job creators like Aurora."
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QGEN | Hot Stocks16:10 EST Qiagen launches AI-extension of Ingenuity Pathway Analysis - Qiagen announced the launch of Ingenuity Pathway Analysis Interpret, a new feature designed to simplify and accelerate the interpretation of complex biological data. Leveraging AI technology, IPA Interpret helps distill complex differential expression analyses into actionable insights, helping researchers understand which genes are involved in a disease, a biological process or a response to a drug or environmental condition. IPA, which forms the foundation of IPA Interpret, has over 50,000 citations and a high-quality, manually curated knowledge base. This widely recognized platform structures and integrates causal biomedical relationships between genes, diseases, functions, targets, drugs chemicals, and other objects. With IPA's curated knowledge base, scientists can confidently predict and validate novel target-disease and drug-disease relationships. By combining this extensive knowledge with advanced analyses and AI algorithms, IPA Interpret now automatically analyzes, compares, and contextualizes complex gene expression datasets available in IPA, identifying key biological processes, pathways, and networks, in a streamlined web-page report.
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ASND | Hot Stocks16:10 EST Ascendis Pharma announces FDA to review TransCon hGH sBLA - Ascendis Pharma announced that the FDA has accepted for review its supplemental biologics license application, or sBLA, in adult growth hormone deficiency, or GHD, for TransCon hGH. The FDA set a Prescription Drug User Fee Act goal date of July 27, 2025.
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WDFC | Hot Stocks16:08 EST WD-40 names Eric Etchart non-executive chairman of the board - WD-40 Company announced the appointment of Eric P. Etchart as non-executive chairman of the board of directors, effective today. Mr. Etchart succeeds Gregory A. Sandfort as chairman, who retired from the board following today's 2024 Annual Meeting of Stockholders. Mr. Etchart will continue to serve on the Corporate Governance Committee and Finance Committee. Mr. Etchart joined the board of directors in 2016, bringing extensive experience in international finance, marketing, and management. He previously served as senior vice president at The Manitowoc Company, Inc. from 2007 until his retirement in January 2016. Mr. Etchart is a French national and has held management positions in China, Singapore, Italy, France and the United States. He is recognized as an NACD Board Leadership Fellow and has earned qualifications in Climate Leadership and ESG Leadership. "Eric's extensive leadership experience, combined with his comprehensive background in international business, makes him the ideal candidate to lead our board as we focus on our most significant growth opportunity, the geographic expansion of the blue and yellow can with the little red top," said Steve Brass, president and chief executive officer of WD-40 Company. "I am eager to collaborate closely with Eric to ensure that WD-40 Company capitalizes on the growth opportunity we've identified around the world."
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ATYR | Hot Stocks16:08 EST aTyr Pharma appoints Eric Benevich to the company's Board - aTyr Pharma announced the appointment of Eric Benevich to the Company's Board of Directors, effective as of December 10. Mr. Benevich currently serves as Chief Commercial Officer at Neurocrine Biosciences. "We are excited to welcome Eric Benevich to the Board of Directors," said Timothy P. Coughlin, Chairman of the Board of aTyr. "His extensive background bringing new products to market and the knowledge and expertise he has gained from both building and leading commercial activities at biopharmaceutical companies will be an invaluable resource as aTyr continues its evolution towards commercialization."
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EDIT | Hot Stocks16:08 EST Editas to reduce workforce by 65%, announces departure of CMO Baisong Mei - Editas Medicine announced a pivot to optimize its cost structure, extend its cash runway into Q2 2027, and position the company to accelerate its intent to achieve in vivo human proof of concept in approximately two years. The company intends to share pre-clinical data and further development timelines from these programs in the first quarter of 2025. The company said in vivo HSC editing success is expected to enable extrahepatic tissues/cell types targeting beyond HSCs and demonstrates the potential of "plug 'n play" in an in vivo extrahepatic LNP platform. In connection with Editas Medicine's transition to an in vivo company, the company initiated a reduction in headcount that will eliminate approximately 65% of its workforce over the next six months. As part of this reduction in force, several members of the Editas management team will depart the company over the next six months, including Baisong Mei, the company's chief medical officer, or CMO. Additionally, Emma Reeve and Meeta Chatterjee are resigning from the board of directors, effective December 31. Jessica Hopfield has been named chair of the board, effective December 31.
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VIR | Hot Stocks16:07 EST Vir receives FDA, EMA designations for tobevibart and elebsiran - Vir Biotechnology announced that tobevibart and elebsiran have received U.S. Food and Drug Administration Breakthrough Therapy designation and European Medicines Agency Priority Medicines designation for the treatment of chronic hepatitis delta. The designations are supported by compelling positive safety and efficacy data from the Phase 2 SOLSTICE trial, from which the Company recently presented new data at AASLD The Liver Meeting in San Diego, U.S. Vir Biotechnology's Phase 3 ECLIPSE registrational program evaluating tobevibart and elebsiran in CHD will commence in the first half of 2025. CHD is a chronic, progressive liver disease caused by the hepatitis delta virus and is the most severe form of chronic viral hepatitis. CHD increases the risk of liver cancer and accelerates progression to cirrhosis and liver failure, which often occurs within 5 years of infection3. There is no approved treatment in the U.S., and options are limited in the European Union and globally. "Chronic hepatitis delta has devastating effects on liver and overall health, yet people living with this condition are still waiting for highly effective therapeutic options," said Mark Eisner, M.D., M.P.H., Executive Vice President and Chief Medical Officer, Vir Biotechnology. "The Phase 2 SOLSTICE trial data suggests that tobevibart and elebsiran can rapidly and deeply suppress the hepatitis delta virus, driving it to undetectable levels. Receiving FDA Breakthrough Therapy and European PRIME designations recognizes this combination's potential to transform the lives of people living with CHD. We look forward to advancing the Phase 3 ECLIPSE program as quickly as possible."
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SEIC | Hot Stocks16:07 EST SEI Investments raises semi-annual dividend to 49c from 46c per share - The Board of Directors of SEI Investments Company on Dec. 12 declared a regular semi-annual dividend of 49c per share, an increase from the prior semi-annual dividend of 46c. The cash dividend will be payable to shareholders of record on Dec. 27, 2024, with a payment date of Jan. 8, 2025.
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ERIE | Hot Stocks16:07 EST Erie Indemnity increases dividend 7.1%, maintains management fee rate - Erie Indemnity set the management fee rate charged to Erie Insurance Exchange, approved an increase in shareholder dividends and declared the regular quarterly dividend. The Board agreed to maintain the current management fee rate paid to Erie Indemnity Company by Erie Insurance Exchange at 25%, effective Jan. 1, 2025. The Board also agreed to increase the regular quarterly cash dividend from $1.275 to $1.365 on each Class A share and from $191.25 to $204.75 on each Class B share. This represents a 7.1% increase in the payout per share over the current dividend rate. The next quarterly dividend is payable Jan. 22, 2025, to shareholders of record as of Jan. 7, 2025, with a dividend ex-date of Jan. 7, 2025.
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SYM | Hot Stocks16:07 EST Symbotic announces acquisition Of OhmniLabs, no terms - Symbotic announced that it has completed the acquisition of OhmniLabs, a Silicon Valley-based innovator in the field of robotics solutions for health care. "Combining Symbotic's expertise in large-scale automation with OhmniLabs' ground-breaking mobile robots, vision and A.I. solutions will enable the development of unparalleled automation innovations across different settings," said Rick Cohen, Executive Chairman and CEO of Symbotic. "We were drawn to OhmniLabs for its impressive talent and industry experience that will enable our expansion beyond the four walls of the warehouse."
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ANDE | Hot Stocks16:06 EST Andersons raises quarterly dividend to 19.5c from 19c per share - The Andersons announces a first quarter 2025 cash dividend of 19.5c per share payable on January 23, 2025, to shareholders of record as of January 02, 2025. This three percent increase from the company's fourth quarter 2024 cash dividend of 19c per share reflects continuing strong cash generation through shifting ag markets.
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CORT | Hot Stocks16:06 EST Corcept Therapeutics says CATALYST trial met primary endpoint - Corcept Therapeutics announced that the primary endpoint was met in the treatment phase of CATALYST, a randomized, double-blind, placebo-controlled study of Korlym in patients with hypercortisolism and difficult-to-control type 2 diabetes. CATALYST is a prospective, Phase 4 study with two parts. The first part assessed the prevalence of hypercortisolism by screening 1057 patients with difficult-to-control type 2 diabetes, defined as hemoglobin A1c greater than 7.5 percent despite receiving optimal therapies, including GLP-1 agonists. Of these patients, 23.8 percent were identified as having hypercortisolism and were eligible to enter CATALYST's treatment phase, in which 136 patients were randomized, 2:1, to receive either Korlym or placebo for 24 weeks. The primary endpoint was the reduction in hemoglobin A1c between these groups. CATALYST met its primary endpoint. Patients who received Korlym exhibited a clinically meaningful and statistically significant improvement in hemoglobin A1c, with a decrease from baseline of 1.47 percent as compared to a decrease of 0.15 percent in patients who received placebo. The safety profile of Korlym in this study was consistent with the medication's label and no new side effects or adverse events were identified. Complete results from CATALYST will be presented at a medical conference next year.
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RDDT META | Hot Stocks15:48 EST Reddit, Instagram among companies being investigated by Texas AG - Attorney General Ken Paxton has launched investigations into Character.AI and fourteen other companies including Reddit (RDDT), Instagram (META), and Discord regarding their privacy and safety practices for minors pursuant to the Securing Children Online through Parental Empowerment Act and the Texas Data Privacy and Security Act, the AG announced. Reference Link
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BAC... | Hot Stocks15:28 EST CFPB closes overdraft loophole that exempted overdraft loans from lending laws - The Consumer Financial Protection Bureau took action to close an outdated overdraft loophole that exempted overdraft loans from lending laws. The agency's final rule on overdraft fees applies to the banks and credit unions with more than $10B in assets that dominate the U.S. market. The reforms will allow large banks several options to manage their overdraft lending program: they can choose to charge $5; to offer overdraft as a courtesy by charging a fee that covers no more than costs or losses; or continue to extend profit-generating overdraft loans if they comply with longstanding lending laws, including disclosing any applicable interest rate. The final rule is expected to add up to $5B in annual overdraft fee savings to consumers, or $225 per household that pays overdraft fees. "For far too long, the largest banks have exploited a legal loophole that has drained billions of dollars from Americans' deposit accounts," said CFPB Director Rohit Chopra. "The CFPB is cracking down on these excessive junk fees and requiring big banks to come clean about the interest rate they're charging on overdraft loans." Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
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KOS | Hot Stocks15:21 EST Kosmos trading resumes
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IBM | Hot Stocks15:09 EST IBM and IL Gov.Pritzker announce new National Quantum Algorithm Center in IQMP - IBM and Illinois Governor JB Pritzker announced a collaboration to establish the new National Quantum Algorithm Center in the Illinois Quantum and Microelectronics Park QMP in Chicago.Anchored by IBM and other quantum computing pioneers including the University of Chicago and the University of Illinois Urbana-Champaign, the center will be fueled by IBM's next-generation quantum computer, IBM Quantum System Two, which the company plans to deploy in Chicago in the coming year. IBM Quantum System Two within the IQMP will be powered by IBM Quantum Heron, which can execute utility-scale algorithms beyond the capabilities of brute-force, classical simulation methods. Users will be able to leverage this system with Qiskit, IBM's performant quantum software, which is designed to be able to extend the length and complexity of quantum circuits to extract accurate results for problems of scientific and research value..."We're making Illinois the global quantum capital and the center for job growth in the quantum industry - a true center of innovation with the power to solve the world's hardest problems."
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AEM... | Hot Stocks15:07 EST Agnico Eagle, O3 Mining say Gold Fields supports transaction - Agnico Eagle Mines (AEM) and O3 Mining (OIIIF) jointly announce that Gold Fields Limited (GFI), through a 100% indirect Canadian subsidiary, O3 Mining's largest shareholder, has agreed to a lock-up agreement with Agnico Eagle to tender its common shares of O3 Mining into Agnico Eagle's offer to acquire all of the outstanding common shares for C$1.67 per common share in cash by way of a take-over bid. Gold Fields owns approximately 17% of the outstanding common shares on a basic basis. Including its lock-up agreement with Gold Fields, Agnico Eagle has now entered into lock-up agreements with O3 Mining shareholders owning an aggregate of approximately 39% of the outstanding common shares on a basic basis, including each of the directors and officers of O3 Mining, the company stated.
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KOS TUWOY | Hot Stocks15:05 EST Kosmos Energy says in very preliminary discussions with Tullow regarding offer - Kosmos Energy (KOS) said that Thursday's announcement by Tullow Oil plc (TUWOY) regarding a potential transaction involving Tullow and Kosmos and confirms that it is in very preliminary discussions with Tullow regarding a possible all-share offer by Kosmos for Tullow. There can be no certainty that any offer will be made, nor as to the terms on which any offer might be made. Pursuant to Rule 2.5 of the Code, Kosmos reserves the right to vary the form and/or mix of the offer consideration and vary the transaction structure. A further announcement will be made as and when appropriate. As stated in today's announcement by Tullow, in accordance with Rule 2.6(a) of the Code, Kosmos is required, by not later than 5.00 p.m. on 9 January 2025, to either announce a firm intention to make an offer for Tullow in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline can be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.
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TSL CSIQ | Hot Stocks15:04 EST Trina Solar says ITC to investigate complaint against Canadian Solar - Trinasolar US announces that the United States International Trade Commission has voted to institute an investigation as to Trina's patent infringement complaint against a number of Canadian Solar entities. "Having considered Trina's complaint, filed on October 23, 2024, the U.S. government ordered an investigation of whether Canadian Solar is in violation of Section 337 of the Tariff Act of 1930. In particular, the investigation will examine whether Canadian Solar infringed Trina's TOPCon - Tunnel Oxide Passivated Contact - solar cell technology patents. Trina has requested that the ITC issue a Limited Exclusion Order to bar importation and Cease and Desist Orders to bar further sales and marketing in the United States, of solar cells, modules, panels and components that infringe Trina's patents," the company stated. "Trina appreciates the ITC's decision to investigate the unauthorized use of our patented technology. We are pleased our patent infringement complaint is being taken seriously, and we look forward to the final determination by the ITC," said Steven Zhu, president of Trinasolar US.
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SPRY | Hot Stocks14:43 EST ARS Pharmaceuticals notes filings for neffy approval in China, Japan, Australia - ARS Pharmaceuticals announced that its licensing partners in China, Japan and Australia have filed for approval of neffy epinephrine nasal spray 2 mg in their respective countries. neffy 2 mg was recently approved in the U.S. for the treatment of Type I Allergic Reactions, including anaphylaxis, in adults and children who weigh greater than or equal to 30 kg, the company noted. ARS Pharma retains all U.S. rights for neffy and has existing licensing partnerships in China, Japan, Australia and New Zealand with Pediatrix Therapeutics, Alfresa Pharma, and CSL Seqirus, respectively. ARS Pharma also has an exclusive agreement with ALK-Abello to commercialize neffy in Europe, marketed as EURneffy in the European Union and obtained EU approval in August, Canada and other geographies outside the United States, the company noted.
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SPRY | Hot Stocks14:38 EST ARS Pharmaceuticals files for approval of neffy in China, Japan and Australia - ARS Pharmaceuticals announced that its licensing partners in China, Japan and Australia have filed for approval of neffy epinephrine nasal spray 2 mg in their respective countries. neffy 2 mg was recently approved in the U.S. for the treatment of Type I Allergic Reactions, including anaphylaxis, in adults and children who weigh greater than or equal to 30 kg, the company noted. ARS Pharma retains all U.S. rights for neffy and has existing licensing partnerships in China, Japan, Australia and New Zealand with Pediatrix Therapeutics, Alfresa Pharma, and CSL Seqirus, respectively. ARS Pharma also has an exclusive agreement with ALK-Abello to commercialize neffy in Europe, marketed as EURneffy in the European Union and obtained EU approval in August, Canada and other geographies outside the United States, the company noted.
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KOS | Hot Stocks14:34 EST Kosmos trading halted, news pending
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BA | Hot Stocks14:09 EST Boeing to invest $1B in upgrades at existing Charleston County site - Boeing announced it plans to expand its operations in Charleston County. The company plans to invest $1B in infrastructure upgrades at its existing site and create 500 new jobs over the next five years. "For more than a decade, Boeing South Carolina has been the home of the full 787 Dreamliner production cycle and fabricates, assembles, and delivers, the 787-8, 787-9 and 787-10 to customers globally. The company established operations in South Carolina in 2009 and currently employs more than 7,800 people across its Airport and North Campuses in North Charleston, and its West Campus in Orangeburg. Boeing acquired the operations in Orangeburg, located at 174 Millennium Drive, earlier this year, though those facilities will not be affected by the expansion plans. Boeing will expand both of its North Charleston campuses, located at 5400 International Blvd. and 9775 Patriot Blvd., to support increased 787 Dreamliner production targets and potential future rate increases driven by market demand. The 787 Dreamliner program plans to increase to a rate of 10 airplanes per month by 2026. Operations are expected to be online in early 2027," Boeing stated. Reference Link
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EBAY | Hot Stocks13:41 EST eBay, Klarna expand BNPL partnership to new markets - eBay and Klarna have announced the expansion of their strategic partnership to key European markets, making Klarna's Buy Now Pay Later payment options available to more eBay shoppers. "The move gives eBay buyers more choice and flexibility in how they pay and aligns with the evolving preferences of today's shoppers. According to a 2024 PYMNTS Intelligence report, nearly half of Gen Z and Millennial consumers have used BNPL in the past 12 months. Expanding from a successful launch in Germany, eBay is offering Klarna's flexible payment options to millions of shoppers in the U.K., Austria, France, Italy, the Netherlands and Spain, with more markets coming soon. With holiday shopping expected to increase this season, eBay shoppers can choose from Klarna's payment options depending on their location, including interest-free Pay in 3, Pay in 30 days, or Financing for larger purchases with monthly repayments made over a longer period of time," the companies stated. Reference Link
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VERI PARA | Hot Stocks13:17 EST Veritone renews, expands exclusive global licensing agreement with CBS News - Veritone (VERI) announced the renewal of its longstanding exclusive global licensing agreement with CBS News (PARA). The multi-year contract renewal solidifies Veritone's position as a premier provider of content licensing solutions for broadcast networks and expands the partnership to include exclusive local news content from CBS Owned Stations. CBS News and Stations will continue to utilize Veritone's aiWARE enterprise AI platform, which enhances access to its extensive licensed content across numerous distribution channels, opening new monetization avenues. The advanced AI capabilities of aiWARE index the CBS library with accurate, time-correlated metadata to enable advanced and precise search and retrieval, helping researchers and creatives to quickly find specific scenes, quotes or highlights, and automate rights management and delivery.
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QRVO | Hot Stocks13:14 EST Qorvo expresses 'confidence' in year-over-year content growth - While presenting at the Barclays Global Technology Conference, executives from Qorvo said that looking forward into next year, "we've secured sufficient wins to date that give us confidence in year-over-year content growth in our next year. And we're very excited about that and very well-positioned." The executives added, according to a transcript of the event: "We're in, of course, as you know, based on the teardowns, all models, but we tend to be weighted toward the pro models and you can expect continued strength there. Beyond next year, we've been invited to compete and we are investing to grow content even further. In fact, we're engaged on more product programs today than ever before... I think it's important also to address some questions that have come up around some misinformation in a recent news article about our opportunity with the internal modem. To be clear, we don't do modems, we don't do transceivers, and we don't do millimeter wave. What the customer counts on us for is integrated RF modules, ET PMICs, antenna tuning and discrete filters and switches. The incremental opportunity for us as they move to the internal platform is the ET PMICs. So, I want to make sure that was clear because I know there's some confusion, and a lot of questions about that."
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AVGO AAPL | Hot Stocks13:13 EST Broadcom falls 3% after Bloomberg report of Apple using in-house chips - Shares of Broadcom (AVGO) are down 3% to $177.58 after Bloomberg reported Apple (AAPL), starting in 2025, will move away from Broadcom chips in favor of its own in some products.
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WDC | Hot Stocks12:44 EST Western Digital seeing more pricing headwinds than expected in quarter - Says it's an "extraordinarily dynamic" quarter. Comments taken from Barclays Global Technology Conference.
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JUNS | Hot Stocks12:04 EST Jupiter Neurosciences Inc trading resumes
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ORA | Hot Stocks12:03 EST Ormat Technologies falls -7.9% - Ormat Technologies is down -7.9%, or -$6.29 to $73.89.
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DASH | Hot Stocks12:02 EST DoorDash to now require over 150,000 Dashers to re-verify identity each week - DoorDash said in a blog post that it is rolling out more frequent identity re-verification and new machine learning technology to better ensure Dashers are who they are. The company will now require more than 150,000 Dashers to re-verify their identity each week. "While no system is perfect, our safeguards are effective and produce meaningful results," the company said. "Every week, our screening process prevents over 15,000 prospective Dashers who fail to meet our criteria from joining the platform. Monthly deactivations of inauthentic accounts have more than doubled compared to last year, with 2024's deactivations surpassing all of 2023 by July. And each week, we prevent an average of 4,600 attempts by deactivated Dashers who previously violated our verification policies from regaining access." Reference Link
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CLF | Hot Stocks12:01 EST Cleveland-Cliffs falls -7.9% - Cleveland-Cliffs is down -7.9%, or -93c to $10.85.
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SEI | Hot Stocks12:00 EST Solaris Energy Infrastructure falls -8.3% - Solaris Energy Infrastructure is down -8.3%, or -$2.66 to $29.23.
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CIEN | Hot Stocks12:00 EST Ciena rises 12.4% - Ciena is up 12.4%, or $9.07 to $82.28.
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BKKT | Hot Stocks12:00 EST Bakkt rises 12.8% - Bakkt is up 12.8%, or $3.25 to $28.65.
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DDD | Hot Stocks12:00 EST 3D Systems rises 17.1% - 3D Systems is up 17.1%, or 57c to $3.94.
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JUNS | Hot Stocks11:59 EST Jupiter Neurosciences Inc trading halted, volatility trading pause
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TBC | Hot Stocks11:47 EST AT&T INC 5.625% NT 67 trading halted, news pending
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GOOGL GOOG | Hot Stocks11:35 EST YouTube TV raises price for Base Plan to $82.99 per month - YouTube TV stated that starting on December 12 for new users and January 13 for most existing users, the cost of a new YouTube TV Base Plan subscription is increasing from $72.99 to $82.99. Existing trials and promotional rates will not be affected. "Due to the rising cost of content, we've updated our membership pricing to reflect the complete value of YouTube TV. The new price for a Base Plan is $82.99 per month. This change has been implemented since December 12, 2024. The updated price will continue to include 100+ channels, a DVR with unlimited storage, up to 6 accounts per household, and 3 concurrent streams. No additional fees are required for broadcast, HD, set-top box, or DVR," YouTube stated. Reference Link
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CHRW | Hot Stocks11:33 EST C.H. Robinson provides long-term targets at 2024 Investor Day event - Sees FY26 incremental operating income $350M-$450M vs. FY23. Sees long-term net debt to EBITDA 1.75-2.25x. Sees $40M market share growth, $90M gross margin expansion, $60M inflationary cost growth. Comments taken from Investor Day presentation slides.
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ROP | Hot Stocks11:20 EST Transfix partners with DAT Freight & Analytics to power pricing platform - Transfix announced a partnership with DAT Freight & Analytics. This partnership will enhance Transfix's Data Solutions suite, which empowers brokers of all sizes with AI-driven analytics to turn complex data into actionable pricing insights. Featuring a proprietary Custom Cost Modeling tool, the platform provides precise market rate forecasts and data-driven pricing strategies tailored to each broker's specific strengths and goals. With seamless data uploads, brokers can quickly analyze RFPs and lanes, receive automated alerts, and access detailed reports to optimize performance, while continuously evolving to identify new growth opportunities.
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KGS | Hot Stocks11:15 EST Kodiak Gas Services Inc trading resumes
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SBEV | Hot Stocks11:04 EST Splash Beverage expands Pulpoloco Sangria distribution with Total Wine & More - Splash Beverage announces "another 2024 retail expansion win," reporting that Total Wine & More, the "country's largest independent retailer of fine wine," has authorized Pulpoloco Sangria across multiple states. This authorization includes Pulpoloco's Smooth Red and Crisp White Sangria varietals and spans over 115 stores in Arizona, California, Colorado, Florida, Illinois, Nevada, Texas, and Virginia, the company stated.
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KGS | Hot Stocks10:51 EST Kodiak Gas Services Inc trading halted, news pending
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WOK | Hot Stocks10:49 EST Work Medical Technology Group Ltd trading resumes
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WOK | Hot Stocks10:39 EST Work Medical Technology Group Ltd trading halted, volatility trading pause
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APTO | Hot Stocks10:20 EST Aptose Biosciences announces publication of preclinical data on tuspetinib - Aptose Biosciences announced the publication of preclinical data for Aptose's lead hematology compound tuspetinib in Cancer Research Communications. The publication, entitled "Preclinical development of tuspetinib for the treatment of acute myeloid leukemia," is the first preclinical profiling of tuspetinib, a well-tolerated, once daily, oral kinase inhibitor currently in clinical development for treatment of acute myeloid leukemia. The publication defines TUS activities on select oncogenic signaling targets, demonstrates enhanced activity and safety of TUS when combined with other agents, and illustrates synthetic lethality when combined with venetoclax. Pharmacokinetic and toxicology studies revealed that TUS is readily absorbed and achieves plasma concentrations sufficient to inhibit the target kinases, it has a plasma half-life that supports once daily dosing, and it demonstrates a favorable safety profile. Aptose is now enrolling newly diagnosed AML patients in a Phase 1/2 clinical study to receive the tuspetinib + venetoclax + azacitidine triplet combination. Clinical studies in patients with relapsed or refractory AML receiving TUS single agent or the TUS+VEN combination have been completed. Key findings: Tuspetinib inhibits a defined cluster of oncogenic signaling kinases operative in AML; TUS inhibits SYK, JAK1/2, RSK2, mutant KIT, and wild type and mutant forms of FLT3; TUS potently killed AML lines and Ba/F3 cells expressing wildtype or various mutant forms of FLT3; TUS dampens stroma-induced activation of FLT3-ITD signaling in AML cells; TUS prolongs survival in multiple AML models; Oral TUS markedly extended survival in subcutaneously and orthotopically inoculated xenograft models of FLT3 mutant human AML, was well tolerated, and delivered enhanced activity when combined with venetoclax or 5-azacytidine; TUS combines effectively with other classes of agents to kill AML cells with mutations in RAS and other difficult-to-treat adverse mutations; TUS was 2.1-15-fold and a 4.5-13-fold more potent than gilteritinib at blocking fibrinogen and immunoglobulin-mediated activation of SYK in KG-1a cells; The most notable observation was the marked and unexpected synthetic lethal vulnerability to venetoclax and two MCL1 inhibitors in the TUS-resistant cells.
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PRTS | Hot Stocks10:11 EST CarParts.com partners with Extend for shipping, product protection - CarParts.com announced its partnership with Extend. This collaboration introduces Extend Shipping and Product Protection for items sold on CarParts.com, empowering customers peace of mind and support for their purchases. The newly implemented Extend Shipping Protection ensures packages are safeguarded against loss, theft, and damage from the moment they leave a CarParts.com Distribution Center until they arrive in the buyers' hands. Customers can rest easy knowing their orders are protected, with claims resolved quickly and seamlessly through Extend's 24/7 online platform. By ensuring reliable delivery, CarParts.com continues to prioritize customer satisfaction while reinforcing its commitment to offering competitive pricing on high-quality products for its customers. In addition to protecting shipments, CarParts.com has introduced Extend Product Protection, offering extended warranty coverage for parts available on the site. Customers can supplement the standard manufacturer warranty with additional coverage for one, two, or three years, ensuring long-term confidence in their purchases.
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OXM | Hot Stocks10:00 EST Oxford Industries falls -6.8% - Oxford Industries is down -6.8%, or -$5.71 to $78.41.
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AMPS | Hot Stocks10:00 EST Altus Power falls -8.9% - Altus Power is down -8.9%, or -36c to $3.67.
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BNED | Hot Stocks10:00 EST Barnes & Noble Education falls -11.1% - Barnes & Noble Education is down -11.1%, or -$1.44 to $11.57.
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MSC | Hot Stocks10:00 EST Studio City rises 7.7% - Studio City is up 7.7%, or 50c to $7.00.
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CIEN | Hot Stocks10:00 EST Ciena rises 17.8% - Ciena is up 17.8%, or $13.05 to $86.26.
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SRFM | Hot Stocks10:00 EST Surf Air Mobility rises 23.9% - Surf Air Mobility is up 23.9%, or 81c to $4.20.
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X NPSCY | Hot Stocks09:57 EST U.S. Steel employees to host rally in support of Nippon Steel transaction - Employees of U.S. Steel Corporation (X) will host a rally at the U. S. Steel Mon Valley Works Clairton Plant on Thursday in support of the Nippon Steel (NPSCY) transaction, the company said in a statement. "Represented and non-represented employees, along with community members and local elected officials, will gather to reinforce their support for the transaction. They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits of the deal. Earlier this week, Nippon Steel announced that all eligible USW-represented U. S. Steel employees and eligible non-represented employees will receive a $5,000 bonus within 30 days of deal closing. Altogether, the Closing Bonus will result in a nearly $100 million aggregate payment to qualifying employees." "Our employees and community members are rallying once again to show the unrelenting support for the transaction with Nippon Steel. This transaction strengthens U.S. national security, economic security, and job security, creating the best possibility for U. S. Steel to get better AND bigger. This transaction with Nippon Steel is the only scenario where significant investments would occur across the unionized, integrated facilities, including in Mon Valley Works. We need to get the deal done," said President and CEO of U. S. Steel, David B. Burritt.
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LITE | Hot Stocks09:56 EST Lumentum up 6% as strategy chief feels 'a lot better about telecom' - Shares of Lumentum are up nearly 6% following an executive presentation at a Barclays conference. At the event, Chris Coldren, the company's Chief Strategy and Corporate Development Officer stated, according to a transcript: "I feel a lot better about telecom than we have been at least several quarters that we're starting to see things improve. And hopefully, history repeats as things tend to improve, then they tend to improve faster than you expect."
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PTLE | Hot Stocks09:52 EST PTL Ltd trading resumes
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PTLE | Hot Stocks09:47 EST PTL Ltd trading halted, volatility trading pause
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JILL | Hot Stocks09:47 EST J.Jill rises 8.6% - J.Jill is up 8.6%, or $2.39 to $30.05.
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SRFM | Hot Stocks09:47 EST Surf Air Mobility rises 17.6% - Surf Air Mobility is up 17.6%, or 59c to $3.98.
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CIEN | Hot Stocks09:47 EST Ciena rises 17.8% - Ciena is up 17.8%, or $13.03 to $86.24.
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JNUG | Hot Stocks09:47 EST Direxion Daily Jr Gld Mnrs Bull 3X Shrs falls -5.7% - Direxion Daily Jr Gld Mnrs Bull 3X Shrs is down -5.7%, or -$2.79 to $46.55.
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ASAI | Hot Stocks09:47 EST Sendas Distribuidora falls -6.5% - Sendas Distribuidora is down -6.5%, or -35c to $5.06.
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BNED | Hot Stocks09:47 EST Barnes & Noble Education falls -6.5% - Barnes & Noble Education is down -6.5%, or -85c to $12.16.
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WTHVF | Hot Stocks09:38 EST Westhaven Gold provides summary of 2024 exploration activities at Shovelnose - 2024 Exploration Activities at Shovelnose to Date Include: prospecting, mapping and sampling within 40 specific areas of interest; completion of 27 drill holes representing ~8,347m; most 2024 holes situated off trend from the main Franz-FMN-South zone structure; mineralization intersected proximal to this structure demonstrates the multiple vein zones expected in typical epithermal systems; six holes at the Certes target confirmed surface results, and open multiple new areas for exploration; collection of over 2,200 surface rock samples including from within the recently expanded landholdings, identified new areas with gold and/or silver values in surface rock outcrops, and pathfinder element halos typical of different erosional levels in epithermal systems that will require more work; follow-up on 49 historical gold-in-soil anomalies; preliminary results have confirmed the presence of gold at multiple repeatable sites; drill hole SN24-415 tested a similar soil anomaly, intersecting disseminated gold from the bedrock surface to 122m downhole, including 0.53 g/t Au over 8.0m and 0.74 g/t Au over 3.0m; collected 47 follow-up stream sediment samples on expanded Shovelnose claims to replicate, calibrate and refine gold anomalies identified from work by previous operators; "TerraSpec" work still ongoing on rock and drill core; signatures of specific clay types can provide target vectoring similar to what guided the initial South Zone discovery in 2018; 21.6 km of detailed ground magnetic data at Certes 1 and 33 km at Certes 2 + 3; subsurface mapping, identification of structural breaks and geological correlation; 15.5 line kilometers of Induced Polarization data at Certes 1, 2 and 3; deep seated 'major' structures; airborne LiDAR survey and photography on expanded claims; outcrop and structural interpretation, mapping, access and vegetation/reflection targeting.
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APVO | Hot Stocks09:38 EST Aptevo Therapeutics trading resumes
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RADX | Hot Stocks09:37 EST RADX Stock trading resumes
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WTHVF | Hot Stocks09:36 EST Westhaven Gold announces final drill results from Certes target - Westhaven Gold announced final drill results from the Certes target and provided a summary of all 2024 exploration activities at the 41,634 hectare Shovelnose gold property, situated within the prospective Spences Bridge Gold Belt, 30 kilometres south of Merritt, British Columbia. It has been a full and productive exploration season at Shovelnose, with efforts focused on a range of activities including property wide prospecting, sampling, geophysical surveying and drilling as the Company has worked to understand the full potential of the Shovelnose corridor, which is host to the high grade South Zone deposit and several other prospective zones of mineralization including the newly established Certes target, situated 11km to the southeast. Highlights of the Certes Drill Program Include: Certes drill hole SN24-425: Intersected 0.69 g/t Au, 2.76 g/t Ag, and 5% Zinc over 1.74m at 286.9-288.64m downhole. anomalous gold pathfinder elements encountered in all 6 of the drill holes. confirmation of a potentially preserved epithermal system previously mapped at surface and now extending over 2.1km of strike length and to depth. a broad zone of carbonate +/- quartz veining cored by 1.0m of quartz containing 10-15% low iron "honey" sphalerite within a sulphidic vein envelope that suggests a possible intermediate sulphidation epithermal signature. new drilling supports the interpretation of a long-lived property scale structure, potentially host to multiple gold bearing epithermal systems and opens up 10km of underexplored strike length for further exploration. Details of the Certes Drill Program Include: Certes 1 Target: two holes with 150m separating the collars and testing surface boulders of banded mercury bearing chalcedony sinter/silica cap. brecciation, alteration, cm scale quartz +/- carbonate veinlets and anomalous epithermal pathfinder elements intersected in both holes suggests the presence of a "high level" mercury-venting geothermal plume immediately to the northeast. follow-up work would include an undercut to SN24-420 which may have been terminated too early to intersect the mineralized portion of this geothermal system. Certes 2 Target: two holes 1.2km southeast of Certes 1 with 440m separating the collars. zones of quartz-carbonate veining and anomalous epithermal pathfinder elements intersected in both holes providing a broad intervening target area for future drilling. follow-up work would initially prioritize the stronger vein zone in hole SN24-422, testing the zone downdip and along strike to the northwest, towards the Certes 1 profile. Certes 3 Target: two holes 0.9km southeast of Certes 2 with 150m separating the collars. elevated pathfinders in the upper part of SN24-424 and a zone of 1-2% quartz-carbonate veins near the end of the hole. SN24-425: Intersected 0.69 g/t Au, 2.76 g/t Ag, and 5% Zinc over 1.74m at 286.9-288.64m downhole. SN24-425 intersected a 6.6m carbonate healed breccia vein at 238.4m and a zone of carbonate+/-quartz veining 258.8-320m - cored by 1m of quartz at 287m with 10-15% low iron "honey" sphalerite, accompanied by chalcopyrite in the adjacent wall rock. short wave infrared spectroscopy identified high illite and chlorite crystallinities, suggesting this structure may be the focus of significant geothermal upflow. follow-up would target the down-dip extent of veining looking for an underlying gold mineralized paleodepth horizon as seen in the Franz-FMN-South Zone trend
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APVO | Hot Stocks09:33 EST Aptevo Therapeutics trading halted, volatility trading pause
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RADX | Hot Stocks09:32 EST RADX Stock trading halted, volatility trading pause
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MULN | Hot Stocks09:27 EST Bollinger Motors: B4 trucks generate over $4M in post-production launch sales - Mullen Automotive announces that its subsidiary, Bollinger Motors, has delivered its first 25 B4 trucks, with a retail sales value of approximately $4.1M during the nearly three months since the company's September start of production. The company credited the strong sales start to the vehicle's design and functionality, combined with its strong nationwide dealer network.
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FLNC | Hot Stocks09:25 EST Fluence completes, passes deflagration, fire safety testing for Gridstack Pro - Fluence Energy announced the completion and passing of rigorous deflagration and fire safety testing for the first Gridstack Pro system. The fire test included Fluence's U.S-manufactured battery modules, which began production in Utah earlier this year and recently achieved UL1973 certification. The modules, along with other U.S.-sourced components, are a key part of Fluence's U.S.-manufactured product offering. A series of dispersion and deflagration tests to evaluate the explosion mitigation features of Gridstack Pro 2000 was conducted at DNV's Spadeadam Research and Testing in Cumbria, U.K. Dispersion testing verifies how quickly gases will dissipate from within the enclosure to prevent explosion conditions. Gases are accumulated within the test enclosure but are not ignited. Deflagration testing verifies explosion protection features, such as deflagration panels, work as designed. During deflagration testing, gases are intentionally ignited to cause deflagration. The results from the Gridstack Pro 2000 testing validate the deflagration vents and panels effectively mitigate explosion risks, meeting NFPA 68 and NPFA 855 requirements. A detailed report from DNV validates these safety performance results. The large-scale fire test, conducted under the observation of the product testing, inspection, and certification organization CSA Group, significantly exceeded the requirements of the UL 9540A test standard. While UL 9540A unit level testing evaluates how thermal runaway may propagate through a battery system, it does not require actual fire conditions. The large-scale fire test on Gridstack Pro 2000, conducted at Safe Laboratories in North Carolina, involved a fully developed fire to validate enclosure separation distances, meeting the new large-scale fire test requirements in the upcoming NFPA 855. During testing, a fully populated enclosure burned without any fire suppression or firefighting efforts and self-extinguished without propagating to any neighboring enclosures or exposures. This worst-case scenario confirmed the system's ability to mitigate fire risks and contain thermal events to the enclosure of origin. A detailed report from CSA validates these safety performance results.
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RIOT | Hot Stocks09:24 EST Riot Platforms up 13% after WSJ report on Starboard stake
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CETX | Hot Stocks09:24 EST Cemtrex's Vicon announces new partnership with Hailo for NEXT - Cemtrex announced that its subsidiary, Vicon Industries, secured a partnership with Hailo, an AI chip manufacturer known for its high-performance edge AI processors. Together, Vicon and Hailo are raising the bar for video intelligence by integrating the groundbreaking Hailo-15 System-on-a-Chip, SoC, into Vicon's NEXT Modular Camera System. "Our partnership with Hailo reaffirms our commitment to being a pioneer in the security industry," said Saagar Govil, CEO of Vicon Industries. "By embedding Hailo's powerful AI technology into NEXT, we are empowering customers with a proactive solution that not only detects but also deters potential threats. This is a camera built for the complex challenges of today and tomorrow."
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TORO CTRM | Hot Stocks09:23 EST Toro Corp. announces provision of a senior term loan to Castor Maritime - Toro (TORO) announces the agreement to provide a $100 million senior term loan facility to Castor Maritime (CTRM). The Term Loan is secured by 10 vessels wholly owned by Castor which are currently valued at approximately $235 million based on third party valuations, has a tenor of 5 years and bears interest at SOFR plus 1.80% per annum. Furthermore, Toro announces that on December 12, 2024, has agreed to increase by 50,000 preferred shares its investment in Castor's 5.00% Series D cumulative perpetual convertible preferred shares, par value $0.001 per share, for an aggregate consideration of $50 million in cash. As a result of this transaction Toro will hold 100,000 Series D Preferred Shares in total. The terms of the Term Loan and Series D Preferred Shares were approved by the independent and disinterested members of the Boards of Toro and Castor, respectively, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of Toro and Castor, respectively. The special committee was advised by an independent financial advisor in its negotiation and recommendation of the above-mentioned transactions.
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XRTX | Hot Stocks09:23 EST Xortx Therapeutics announces presentation at Rare, Genetic Disease Summit - XORTX Therapeutics announces a presentation by Dr. Allen Davidoff at the Rare and Genetic Kidney Disease Summit, in Boston, Massachusetts at 10:30 am ET, Thursday December 12, 2024. The presentation entitled "Autosomal Dominant Polycystic Kidney Disease - Genetic and Environmental Factors Evidence for Aberrant Purine Metabolism as a Second Hit Determining Disease Progression." The presentation highlights XORTX recent pioneering discoveries in the field of Autosomal Dominant Polycystic Kidney Disease, and recent peer-reviewed, independent, published research reports identifying genetic factors that influence over-expression of xanthine oxidase and play a role in several diseases, including kidney disease. These findings suggest that genetic factors that influence aberrant purine metabolism may influence the rate of progression of ADPKD.
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CTRM TORO | Hot Stocks09:22 EST Castor Maritime announces acquisition of majority stake in MPC Munchmeyer - Castor Maritime (CTRM) announces that on December 12, 2024, it entered, through a wholly owned subsidiary, into an Share Purchase Agreement, SPA, with MPC Munchmeyer Petersen & Co. for the acquisition of 26,116,378 shares representing 74.09% of the shares of the Frankfurt-listed investment and asset manager MPC Munchmeyer Petersen Capital AG. The acquisition price of the shares has been agreed at a price of EUR 7.00 per share, which is equal to an aggregate cost of EUR 182.8 million payable in cash, approx. USD 192.6 million equivalent, excluding any transaction-related costs. As part of the transaction Castor secured a $100,000,000 new senior term loan facility and $50,000,000 proceeds from the issuance of 50,000 additional Series D cumulative convertible preferred shares, both from Toro Corp. (TORO), an entity controlled by Petros Panagiotidis, Castor's Chairman and CEO.
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AREC | Hot Stocks09:21 EST American Resources provides update on economic viability of REE production - American Resources' ReElement Technologies has demonstrated the techno-economic viability of producing rare earth elements from the Company's controlled carbon mine waste streams. Updated analyses of the carbon waste-based deposits at its Wyoming County Coal project, located in southwest West Virginia, consistently show mixed rare earth oxide concentrations at or above 500 ppm. Additionally, ReElement Technologies has proven its capability to separate MREO into high-purity rare earth oxides utilizing its proprietary and patented refining technology combined with localized preprocessing. American Resources Corporation's internal surveyors estimate over 128 million tons of previously extracted waste material available for targeting, with the initial primary resource focused on the Company's West Virginia property, which is estimated to contain approximately 8 million tons. Mark Jensen, CEO of American Resources Corporation, commented, "There has been significant discussion surrounding rare earth oxides from unconventional resources, and we have been diligently working behind the scenes to test and develop processes that assess their economic viability. The key to achieving economic viability lies in byproduct economics and the utilization of already extracted coal waste material, which can be efficiently preprocessed into a useable form. Additionally, the high concentrations of aluminum oxide and silicon dioxide, combined with the rare earth element content, provides significant advantages for our process, given the growing demand for these high-purity materials in the battery and defense sectors. Today, we are proud to announce that our controlled resources demonstrate a sufficiently high concentration, coupled with minimal extraction costs, representing a potential breakthrough for the industry. ReElement's next-generation critical mineral refining platform continues to prove its capability to source critical mineral feedstocks from both primary and recycled sources globally, fostering a robust supply chain independent of China. We now believe that our innovative platform can deliver techno-economic viability for our controlled resource base, which includes millions of tons of feedstock derived from decades of coal mining waste. Furthermore, given the increasingly fragile state of the global supply of refined critical minerals, we are confident that ReElement is uniquely positioned to address supply chain and national security challenges effectively."
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BLGO | Hot Stocks09:20 EST BioLargo CEO Dennis Calvert appoints to Department of Commerce's ETTAC - BioLargo President and CEO Dennis P. Calvert has been appointed by U.S. Secretary of Commerce Gina Raimondo to serve on the Environmental Technologies Trade Advisory Committee. The ETTAC is a U.S. Department of Commerce committee that serves as an advisory body to the Environmental Trade Working Group of the Trade Promotion Coordinating Committee, reporting through the Secretary of Commerce in her capacity as Chair of the TPCC, on trade policies and programs affecting the U.S. environmental technology industry, including programs to promote export of environmental technologies and services. ETTAC members are selected from industry-leading companies across sectors including water and wastewater treatment, air quality control, and solid waste management and recycling.
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VRNS NOW | Hot Stocks09:19 EST Varonis broadens data security coverage with ServiceNow - Varonis Systems (VRNS) announced it extended its data security coverage to ServiceNow (NOW). The integration expands Varonis' coverage to continuously discover and classify critical data and resolve issues related to data risk and overexposure within ServiceNow. "Every cloud solution is unique, and piecemeal security approaches create vulnerabilities that attackers can exploit to steal your critical data," said Brian Vecci, Field CTO, Varonis. "Varonis takes the complexity out of securing sensitive ServiceNow data, while providing one centralized place to manage posture and policies across all your SaaS applications and cloud services."
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CVM | Hot Stocks09:19 EST CEL-SCI provides rationale for use of Multikine in head, neck cancer study - CEL-SCI highlighted biological rationale for the use of Multikine in the confirmatory registration head and neck cancer study. This study of 212 newly diagnosed locally advanced, resectable head and neck cancer patients was given the go-ahead as a confirmatory registration study by FDA and will focus on those patients who showed a 73% survival with Multikine vs. a 45% for the control patients not treated with Multikine in the prior Phase 3 study. The Phase 3 study missed the primary endpoint of 10% improvement in overall survival in the ITT population but showed a 46.5-month OS benefit vs control in the patients who received Multikine followed by surgery and radiotherapy. In the other group of about 50% of patients who had chemotherapy added to radiotherapy after surgery, there was no survival benefit. Because the decision to administer chemotherapy is made after surgery, CEL-SCI had to develop selection criteria that would identify at screening those patients who would be most likely to benefit from Multikine neoadjuvant treatment. After this analysis was done and the evidence collected, CEL-SCI presented these selection criteria to FDA. The agency accepted these selection criteria and gave CEL-SCI the go-ahead to conduct a 212-patient confirmatory registration study in the patient population defined by the selection criteria. The study will include patients with newly diagnosed locally advanced primary head and neck cancer presenting with: No lymph node involvement and having low PD-L1 tumor expression. Multikine was shown to be highly active in the full Phase 3 study population, leading to significant rates of tumor regression, including 5 complete regressions, before surgery, following just 3 weeks of Multikine treatment. In this advanced disease stage, tumors do not shrink spontaneously, and the control group in the study had no reported pre-surgical tumor regressions. Therefore, the regressions had to be due to Multikine. Pre-surgical tumor regressions were confirmed by pathology at surgery, where biological evidence of Multikine's activity, inducing cellular infiltration of anti-tumor immune cells, could be seen at the tumor microenvironment. Pre-surgical tumor regressions were also seen in prior published Phase 2 studies, further supporting the validity of the Phase 3 results showing Multikine's anti-cancer activity. The pre-surgical tumor regressions forecasted increased long-term survival benefit in responders. That is, subjects who had tumor regressions lived longer than those who did not. In the target population selected for the confirmatory study the rate of pre-surgical tumor regressions was substantially higher than what was seen in the full Phase 3 population. This shows that the selected population is highly likely to show a significant survival prolongation in the confirmatory registration study.
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TRNO | Hot Stocks09:19 EST Terreno Realty acquires industrial property in Red Hook, Brooklyn for $156.3M - Terreno Realty acquired an industrial property located in Red Hook, Brooklyn, New York, on December 11 for a purchase price of approximately $156.3M. The purchase price includes the assumption of an approximately $72.9 million 3.85% interest-only loan which matures in March 2028. The property consists of one 36-foot clear height industrial distribution building containing approximately 312,000 leasable square feet on 16.0 acres. The property is at 280 Richards Street, provides five dock-high and five grade-level loading positions and parking for 349 cars, including 179 rooftop parking positions. The property has riparian access, is 100% leased to a leading e-commerce firm and the estimated stabilized cap rate is 4.8%.
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TELO | Hot Stocks09:19 EST Telomir Pharmaceuticals raises $1M in equity funding - Telomir Pharmaceuticals has raised $1 million in equity funding through The Starwood Trust. The investment, structured as a straightforward common stock transaction, was made at $7 per share representing a 20% premium to the closing price on the date of execution and included no warrants. The restricted shares further emphasize The Starwood Trust's confidence in the company's long-term strategy and potential. This funding builds upon the $5 million non-dilutive line of credit extended by The Starwood Trust earlier this year, which remains undrawn. Together, these financial milestones reflect Telomir's commitment to advancing its innovative pipeline while aiming to maintain a strong financial foundation.
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AYRO GM | Hot Stocks09:18 EST AYRO becomes tier one supplier for General Motors - AYRO (AYRO) has been named a tier one supplier for General Motors (GM) through its partnership with GLV Ventures. AYRO and GLV intend to supply GM as part of an increase in scope of their previously announced low-cost manufacturing and engineering efforts
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MMA | Hot Stocks09:18 EST Alta Global changes name to Mixed Martial Arts Group - Alta Global announced a change in the company name to Mixed Martial Arts Group Limited effective immediately. Mixed Martial Arts Group CEO and Founder Nick Langton commented "This name change represents another key step in our mission to unify and elevate the martial arts industry and drive consumer participation. In the coming weeks, we'll be unveiling exciting updates to our brand and product roadmap that will further accelerate revenue growth and expand our product offerings to more than 640 million fans of Mixed Martial Arts".
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ZYXI | Hot Stocks09:17 EST Zynex's NiCO oximeter avoids racial bias of standard laser pulse oximeters - Zynex announced highlights from a recent study comparing its NiCO laser pulse oximeter to conventional LED pulse oximeters for the effects of skin pigmentation on SpO2 measurements. Zynex's NiCO pulse oximeter utilizes precise laser technology to measure blood oxygenation levels directly, as opposed to current pulse oximeter products, which only estimate oxygenation levels using an LED-based technology. LED pulse oximeters have been shown to mismeasure oxygen levels in several populations, most prominently in individuals with darker skin pigmentation. Nine darkly pigmented and nine lightly pigmented participants were recruited for this controlled desaturation study. Conclusions from the study showed the NiCO pulse oximeter did not demonstrate a bias for dark pigmented participants compared to lightly pigmented participants. By comparison, conventional LED-based pulse oximeters in the present study read falsely higher on darkly pigmented participants, specifically at lower oxygen saturation levels.
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ZTEK | Hot Stocks09:17 EST Zentek signs MOU with Al-Ramez International Group - Zentek has signed a Memorandum of Understanding with Al-Ramez International Group, through Saudi Excellence Holding Company, establishing a strategic partnership to drive innovation and commercialization in advanced technologies across the Kingdom of Saudi Arabia and the Middle East and North Africa region on November 14 2024. The MOU outlines a collaborative framework where Zentek intends to contribute intellectual property, product licensing, and research and development expertise, whileAl-Ramez International Group intends to provide marketing support, investor relations, financing, and access to the KSA and MENA market. Together, the parties aim to achieve several key objectives: Graphene Production Hub: Develop a world-class graphene production facility in the KSA focusing on ZenGUARD technologies for distribution in the KSA and across the MENA region. Commercialization Hub: Establish a centralized hub for the commercialization of Zentek's current and future graphene technologies. Biotechnology Expansion: Support local research and production initiatives by advancing and commercializing Triera Biosciences multivalent aptamer technology for rapid drug discovery within the KSA and MENA region. Strategic Investment in Resources: Facilitate investment and development of the Albany Graphite Deposit to support the North American supply chain for advanced materials, including anode material for the electric vehicle market. Aptamer Research and Development: Secure funding for Triera to establish and expand aptamer research and development in conjunction with a Saudi university and private sector partners and build a production facility for the KSA and MENA region. This MOU, a direct result of the groundwork laid during trips to the United Arab Emirates and Saudi Arabia, reflects the shared vision of fostering advanced, efficient, and affordable solutions to meet the needs of industries and institutions across the region. The potential partnership also considers exclusivity and joint ventures related to the Company's opportunities that may also position Al-Ramez International Group as a key equity partner. The Company believes this potential partnership could be a significant step toward successfully commercializing many of its opportunities and creating benefits for both parties. To support these and other international business opportunities, the Company has applied for and been accepted into the World Trade Centre Toronto's Trade Accelerator Program Life Sciences Commercialization for Global Success. The TAP program focuses on the following areas: Understanding key concepts in medical technology commercialization for international markets; Ensuring products meet healthcare needs while demonstrating clear value; Validating target markets and creating a comprehensive export plan to guide global commercialization efforts; Establishing profitable entities that serve both local and global customer bases.
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GMM | Hot Stocks09:16 EST Global Mofy Metaverse regains compliane with Nasdaq minimum bid price rule - Global Mofy AI announced that on December 11, 2024, it received written notice from the Listing Qualifications Staff of the Nasdaq Stock Market stating that the Company has regained compliance with the minimum bid price requirement, as set forth in Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
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XGN | Hot Stocks09:16 EST Exagen achieves key milestone with 1M patient tested by AVISE CTD - Exagen announced the completion of its 1,000,000th AVISE CTD test, marking a significant milestone that underscores the company's dedication to supporting patients and clinicians managing connective tissue diseases, CTD, and other autoimmune conditions. "Aiding in the care of our 1,000,000th patient is a huge milestone for our organization and demonstrates the value and utility that AVISE CTD provides in the care of patients with suspected autoimmune disease. We are very proud of reaching this level of adoption and look forward to continuing to support the rheumatologic community with future innovations," said John Aballi, President and CEO of Exagen.
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ILLR | Hot Stocks09:15 EST Triller to unveil strategic vision, growth plans on its Investor Day - At its upcoming Investor Day, Triller Group is gearing up to unveil its strategic vision and growth plans during this insightful session. The Investor Day will provide a unique opportunity to hear directly from key executives, gain valuable insights into the company's future trajectory, and understand the exciting developments shaping the future of Triller Group.
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BOSC | Hot Stocks09:14 EST BOS Better Online announces expansion of supply chain product offerings - BOS Better Online Solutions announced the successful launch of a new product line within its Supply Chain Division: a Wiring and Cabling line. These wiring and cabling products complement the electromechanical connectors that BOS currently supplies to its customers, enabling the Company to increase revenues-particularly within the defense sector. Since the introduction of the Wiring and Cabling line in September 2024, BOS has already secured $960,000 in orders.
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APVO | Hot Stocks09:14 EST Aptevo Therapeutics announces results from cohort 1 in frontline AML trial - Aptevo Therapeutics announced 100% of patients achieved remission within 30 days, in Cohort 1 of the RAINIER frontline acute myeloid leukemia Phase 1b trial, including two patients who experienced complete remission with minimal residual disease-negative status. The results build on data from the prior trial, in which 100% of frontline patients also achieved remission. Mipletamig, a CD3 x CD123 bispecific antibody, is being investigated as frontline therapy in combination with venetoclax and azacitidine, a current standard of care for AML. These latest results further reinforce mipletamig's potential as a transformative treatment, supported by impressive efficacy, safety, and tolerability data from two prior clinical trials involving 90 patients."We are very excited by these Cohort 1 results as they add to an already compelling story that highlights mipletamig's potential to elevate the frontline AML treatment paradigm. We now have a 100% rate of remission in Cohort 1 of RAINIER. We saw a 100% rate of remission in frontline patients treated with the combination in our completed dose expansion trial. Remarkably, 86% of patients across both trials went into remission within 30 days of receiving their first treatment," said Marvin White, President and CEO of Aptevo. "It's also important to note that mipletamig continues to demonstrate a favorable safety and tolerability profile, reinforcing its potential as a transformative addition to the standard of care combination. Cohort 2 enrollment is commencing, marking the next step in the study. We look forward to sharing new results as they become available."
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AIM | Hot Stocks09:13 EST AIM ImmunoTech expands patent portfolio with new Netherlands patent - AIM ImmunoTech announced that the Netherlands Patent Office has granted Patent No. 2,032,813 - a compositions and methods patent - covering Ampligen for use in the treatment of the post-COVID condition of fatigue. The patent inventors, AIM CEO Thomas Equels and AIM Medical Officer David R. Strayer, M.D., have assigned the granted patent to the Company. AIM CEO Thomas K. Equels commented, "Over the course of the past year in particular, we have had great success in expanding our global intellectual property portfolio, with U.S. patents for the combination of Ampligen with immune checkpoint inhibitors for the treatment of challenging cancers, for a novel method for the treatment of Chronic Fatigue Syndrome, and for methods and compositions for treating debilitating endometriosis. We are pleased to continue executing on that initiative and to further broaden AIM's existing portfolio for the treatment of COVID-19-related illnesses with this new Netherlands patent. Much of our European research is conducted in the Netherlands at the world-renowned Erasmus Medical Center."
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NICH | Hot Stocks09:10 EST Nitches, Inc. updates shareholders on Amazon store launch for InTheZone - Nitches nnounced the official placement of its first InTheZone Labs product, InTheZone Focused Extreme, on Amazon. The company said, "For Nitches Inc., this strategic move into Amazon provides a powerful growth vehicle. Our vision is to capitalize on Amazon's vast customer base, seamless logistics network, and trusted marketplace reputation. This represents a major milestone in our plan to scale InTheZone Labs into a globally recognized brand...Our Amazon store launch begins with InTheZone Focused Extreme, the flagship nootropic and nutraceutical supplement designed to boost mental clarity, cognitive support, and sustained energy. This premium formulation includes bioceutical-grade ingredients such as Alpha-GPC, Lion's Mane Mushroom, and Omega-3 DHA, all designed to help users unlock their full potential. In the coming weeks, we plan to expand the Amazon catalog with two additional products: 1. InTheZone Focused Youth: A cognitive support supplement tailored for younger users seeking sharper focus and mental stamina, enriched with brain-boosting ingredients like Phosphatidylserine and Bacopa Monnieri. 2. InTheZone Passion: A vitality-enhancing supplement for men that supports hormonal balance, libido, and energy levels, featuring clinically backed ingredients such as Tribulus Terrestris and Fenugreek. Each product is crafted in FDA-compliant, GMP-certified facilities in the United States, reflecting our commitment to quality, safety, and transparency...Our team is actively working with Amazon to enhance product pages, optimize listings, and integrate advanced marketing campaigns. Next week, we plan to announce an exciting development that will further accelerate the growth of InTheZone Labs' online sales and brand visibility."
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BZFD | Hot Stocks09:09 EST BuzzFeed sells First We Feast in $82.5M all-cash deal - BuzzFeed announced the closing of its sale of First We Feast to a consortium led by an affiliate of Soros Fund Management in an $82.5M all-cash deal. The proceeds of the transaction combined with a partial prepayment of the company's outstanding convertible notes has the company operating with a cash balance that exceeds its remaining debt. During the fourth quarter of 2024, the company concluded that First We Feast was classified as a held for sale asset and met the criteria for discontinued operations in accordance with U.S. GAAP. Therefore, the performance of First We Feast will be presented as a discontinued operation within its financial results.
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JAGX | Hot Stocks09:08 EST Jaguar Health announces results of crofelemer for CTD in breast cancer patients - Jaguar Healthfamily company Napo Pharmaceuticals provided an overview of the data from the poster presentation conducted yesterday, December 11, 2024, at the San Antonio Breast Cancer Symposium about the recently completed analysis of the prespecified subgroup of adult patients with breast cancer from the Phase 3 OnTarget trial, which indicates that crofelemer achieved statistically significant results in this subgroup. Patients with breast cancer accounted for 183 of the 287 participants in this unprecedented prophylactic clinical trial recently conducted by Napo for diarrhea in adults with solid tumors receiving targeted therapy with or without standard chemotherapy. "In this responder analysis of patients with breast cancer on targeted therapies, crofelemer CTD prophylaxis resulted in a greater proportion of monthly responders of diarrhea improvement compared to placebo," said Lisa Conte, Jaguar's president and CEO. "Overall, crofelemer was significantly more effective than placebo in providing sustained response in breast cancer patients, potentially helping them stay on their cancer therapies. This research underscores the potential of crofelemer for prophylaxis of CTD." As announced, the content of the poster presentation will serve as the basis of the briefing package Napo plans to submit to the U.S. Food and Drug Administration to request a meeting to discuss possible pathways to make crofelemer available as efficiently as possible to breast cancer patients. Additional analyses of OnTarget prespecified subgroups are ongoing, and Jaguar believes data from additional analyses may result in future submissions to peer-reviewed forums. A second poster related to the OnTarget trial, looking at the frequency and severity of diarrhea in breast cancer patients on abemaciclib and pertuzumab-based therapies, using data from the placebo group of OnTarget, was also the subject of a poster presentation on December 11, 2024 at SABCS. In the OnTarget study, 135 patients with various cancers received a placebo, and 57% of them had breast cancer. "Of the total of 183 breast cancer patients in the OnTarget trial, most received abemaciclib or pertuzumab. Among those participating patients treated with abemaciclib, more than 43% had to reduce or terminate their dosing due to diarrhea. Similarly, for patients on pertuzumab-based therapies, all required dose reduction or elimination," Conte said. "These results highlight the significant impact of diarrhea on patients undergoing cancer treatment, especially with certain breast cancer therapies. Real-time reporting from patients showed that diarrhea is often under-recognized but can severely affect treatment. More attention to managing diarrhea could improve quality of life and treatment success in breast cancer patients on targeted therapies."
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USIO | Hot Stocks09:06 EST Usio mourns loss of retired board member Peter Kirby - Usio announced the passing of Dr. Peter Kirby, the company's longest-serving board member, on December 7, 2024. "I am heartbroken by Peter's passing," said Louis Hoch, Vice-Chairman, President, and CEO. "Peter was not only a mentor and confidant, but also a dear friend, professor, and even a golf partner for nearly 36 years. Our relationship began during my undergraduate and graduate studies at Our Lady of the Lake University, where Peter's guidance left a lasting impression. We were fortunate to continue benefiting from his wisdom when we invited him to join the Company's Board of Directors. Throughout his tenure, Peter was a steadfast coach, mentor, and a voice of reason."
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CART | Hot Stocks09:06 EST Instacart partners with Pet Valu for same-day delivery of pet products - Instacart and Pet Valu, a specialty retailer of pet food and pet-related supplies in Canada, announced that pet owners can now shop over 600 locations across the country exclusively on Instacart for same-day delivery in an hour. Pet Valu's launch is the largest pet retailer collaboration for Instacart Canada and expands their offering to cover over 500 new stores, adding to the 100 locations rolled out earlier this year in Ontario and British Columbia.
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HWH | Hot Stocks09:05 EST HWH International plans to expand Robotics division in the U.S. - HWH International plans to begin its marketing efforts in the U.S. in the first quarter of 2025. The Company's wholly owned subsidiary, Hapi iRobot Pte. Ltd. has entered into a strategic partnership with Sharing Service Global Corporation to establish a dedicated showroom in conjunction with the recently announced Distribution Rights Agreement HWH has entered into with Guangzhou Inbot Technology Ltd. As part of this agreement SHRG will establish a U.S. based sales force with various partners in each sector of the robotics space to market, sell, and lease these unique products throughout the U.S. and Canada. These sectors will include but will not be limited to state-of-the-art service robots offering solutions for reception, delivery, security, cleaning, and table service applications. Inbot, a renowned service robot research and development company will provide a comprehensive suite of service robots designed to enhance operational efficiency and customer engagement.
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JBLU | Hot Stocks09:04 EST JetBlue opens Crew Base in San Juan's Luis Munoz Marin International Airport - JetBlue celebrated the opening of its brand-new crew base at San Juan's Luis Munoz Marin International Airport SJU - its first outside the continental U.S., bringing hundreds of jobs with it. The celebration and growth continue this afternoon, as JetBlue also marks the start of flights from Puerto Rico's vibrant capital to the stunning island of St. Croix in the U.S. Virgin Islands, further solidifying its investment in the Caribbean. JetBlue's newly opened San Juan crew base is set to bring more than 400 crewmember jobs to Puerto Rico, with more than 100 pilots and more than 300 inflight crewmembers set to be assigned to the base by next year. The crew base to support inflight crewmembers opened today while San Juan-based pilots are expected to join in early 2025. Located in Terminal A at San Juan's airport, the base will allow crewmembers to begin and end trips from the island, supporting the airline's operations in Puerto Rico, the Caribbean, and beyond and ensure these workgroups can quickly respond in the event of operational disruptions. The crew base follows the opening of JetBlue's Tech Ops maintenance base in San Juan in 2020. "We are proud to celebrate this important milestone in Puerto Rico," said Warren Christie, chief operating officer at JetBlue. "The new crew base reinforces our commitment to investing in the communities we serve, creating opportunities for crewmembers in San Juan and for those who want to return home to the island, while expanding our network to meet the growing demand for travel to the Caribbean and beyond."
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ROKU CMCSA | Hot Stocks09:03 EST Roku, FreeWheel expand programmatic partnership - Roku (ROKU) and FreeWheel, a Comcast (CMCSA) company, announced they've expanded their programmatic partnership to make Roku content, including The Roku Channel, available to FreeWheel demand partners through Roku Exchange. For the first time under the partnership, a new, standard protocol will enable real-time bidding among programmatic platforms, offering advertisers a CTV supply marketplace where they can find their audiences holistically and at scale.
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MTC | Hot Stocks09:03 EST MMTEC authorizes 1-for-8 reverse stock split - MMTEC expects to implement a 1-for-8 reverse stock split on its common stock. The effective date is scheduled to be December 18, subject to the company's satisfaction of Nasdaq Operations notice requirements, with trading to begin on a split-adjusted basis at the market open on that day. Trading in the common stock will continue on the Nasdaq Stock Market under the symbol "MTC". The new CUSIP number for the common stock following the reverse stock split will be G6181K122. The reverse stock split at a ratio of 1-for-8 shares was approved by the Company's board. The reverse stock split affects all stockholders uniformly and will not alter any stockholder's percentage interest in the company's outstanding common stock. In connection with the reverse stock split, the company filed a Second Amended and Restated Memorandum of Association with the Registry of Corporate Affairs of the British Virgin Islands to reduce the authorized number of shares of the company's common stock from 5B shares to 625M shares, the reduction at the same ratio as its reduction in the issued and outstanding shares of common stock, and to increase the par value per share from 1c to 8c.
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NWVCF | Hot Stocks09:02 EST EnWave signs research, development license and lease agreement with ELEA - EnWave has signed a research and development license and lease agreement with ELEA Technology. The RDLA grants ELEA certain rights to use EnWave's Radiant Energy Vacuum technology in combination with its PEF technology to develop potato and vegetable snacks, with the intent to reduce or eliminate frying by pre-treating products with PEF before REV drying. ELEA will lease a 10kW REV machine for use at its German facility beginning in February 2025 for a minimum three-month term. ELEA has placed its PEF technology at many of the largest potato manufacturers in the world. If the work completed through the RDLA yields positive results, EnWave anticipates quick commercialization of new, better potato and vegetable snack applications through ELEA's existing relationships.
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CP COLD | Hot Stocks09:02 EST CPKC, Americold Realty Trust to explore co-development opportunities in Mexico - Canadian Pacific Kansas City (CP) and Americold Realty Trust (COLD) announced plans to formally explore co-development opportunities in Mexico as part of their continued strategic collaboration focused on optimizing temperature-sensitive commodity flows between the United States, Mexico and Canada. Americold plans to invest between $500M-$1B over the next five to 10 years in development projects with CPKC and its other strategic partner DP World.
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ITOS | Hot Stocks09:00 EST iTeos Therapeutics presents interim A2A-005 clinical trial data - iTeos Therapeutics announced the presentation of clinical, translational, and preclinical data from its adenosine A2A receptor antagonist program, inupadenant, including interim data from the dose escalation portion of A2A-005, the Phase 2 trial assessing inupadenant and platinum-doublet chemotherapy in post-immunotherapy metastatic non-small cell lung cancer patients, at the European Society for Medical Oncology Immuno-Oncology Congress 2024. Mini Oral Sessions: Title: Inupadenant Combined with Chemotherapy in Patients with Non-Squamous NSCLC Progressing On or After Immune Checkpoint Inhibitor Therapy: Results from Dose-Finding Part of the A2A-005 Trial. Summary: As of the October 29, 2024 data cutoff, the topline data from the dose escalation portion of A2A-005 presented at the ESMO IO Congress were based on 36 patients eligible for safety and efficacy evaluation. Patients received inupadenant at 40mg, 60mg, or 80mg twice daily in combination with carboplatin/pemetrexed. All patients had a minimum follow-up of 6 months. Patient baseline characteristics were balanced across arms, with a slight imbalance of more patients with brain metastases in the 40mg and 80mg cohorts and ECOG status 0 favoring the 80mg cohort. The primary endpoint of the safety of inupadenant in combination with carboplatin/pemetrexed was observed to be manageable and tolerable, with no dose dependent toxicities. The secondary endpoint of ORR was 63.9% across all patients. The secondary endpoint of mPFS was 7.7 months across all patients. The exploratory biomarker of CXCL13, a B-cell chemokine and lymphoid structure marker associated with clinical activity, was observed to be restored by inupadenant after depletion by chemotherapy, with quicker restoration kinetics in patients with PFS greater than 6 months. As of the data cutoff, 8 patients remained on treatment. The median follow-up was 9.7 months. Title: The A2AR Antagonist Inupadenant Promotes Humoral Responses in Patients. Summary: Based on monotherapy clinical and translational data, inupadenant demonstrated modulation of humoral responses in patient blood and tumor tissue, supporting our previous finding that expression of antibody-secreting cells in tumor tissue is associated with non-progression in patient disease. Furthermore, CXCL13 expression, a protein involved in immune cell recruitment, activation, and adaptive immune response regulation, increased in patients treated with inupadenant and more rapidly and extensively in non-progressors compared to progressors. These findings confirm inupadenant plays a key role in B cell maturation restoration and may play a substantial role in delaying progression in end-stage patients. Poster Sessions Title: The A2AR Antagonist Inupadenant Promotes Humoral Responses in Preclinical Models. Summary: In preclinical models, inupadenant counteracted the A2AR-mediated inhibition of B cell maturation into ASCs and immunoglobulin production in both in vitro and ex vivo systems by modulating B cells at the level of the germinal center. These findings suggest that inupadenant restores or even enhances B cell maturation towards ASCs and GC reactions in both secondary lymphoid organs as well as the tumor in the presence of A2AR signaling. Furthermore, this process is essential for producing high-affinity antibodies and potentially for sustained anti-tumor immunity. Title: A Novel Tumor Adenosine Signature to Guide Indication Selection for Adenosine Pathway inhibitor. Summary: Based on the spatial quantification of adenosine in human tumors, we developed the first adenosine gene signature, demonstrating its potential for indication selection. This new signature, derived from 249 differentially expressed genes associated with metabolism and immune activation, showed high predictive power across tumor types. Furthermore, the adenosine signature was higher in tumors compared to healthy tissue and exhibited variable expression and prognostic value across tumor subtypes. These findings suggest that the adenosine signature represents a powerful tool for prioritizing tumor types which may benefit most from adenosine-targeting therapies and for understanding the mechanisms of adenosine-mediated immunosuppression.
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LPLA | Hot Stocks08:57 EST LPL Financial: Prestige Wealth joins broker-dealer, RIA, custodial platforms - LPL Financial announced that the advisors of Prestige Wealth Group, led by managing partners Rich Galgano and Matt Geraci have joined LPL Financial's broker-dealer, RIA and custodial platforms. They reported serving approximately $540 million in advisory, brokerage and retirement plan assets and join LPL from Osaic. Headquartered in Franklin Lakes, N.J., and Westchester, Pa., Prestige Wealth Group was established in 2007 by Mark Fleksher, who remains with the team as a consultant. The firm's managing partners, Galgano and Geraci, were hockey teammates in college and have worked together since 2020 to exponentially grow their practice organically and through acquisitions. They are joined by team members Chris Rich, Paul Goldman and Alan Concha. Together, they are committed to providing steadfast services and holistic financial plans that address the unique goals and complexities of each client's financial situation.
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CIEN | Hot Stocks08:53 EST Ciena sees average annual revenue up 8%-11% over next 3 years - Sees adjusted operating margin 15%-16% for FY27. Sees "meaningful" annual free cash flow of 55%-60% of adjusted operating income.
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LUMO | Hot Stocks08:52 EST Lumos Pharma, Double Point Ventures complete tender offer, acquisition - Lumos Pharma and Double Point Ventures announced the completion of the previously announced tender offer for Lumos Pharma's shares at a purchase price of $4.25 per share in cash at closing, without interest and less applicable tax withholding and one contingent value right for each share of common stock outstanding, representing the future right to receive additional contingent cash payments upon the achievement of certain milestone events relating to the level of annual global net revenue of LUM-201 up to the year 2037, different transactions involving Lumos Pharma or its assets that occur within 18 months of closing or certain sales, license or similar revenue-generating agreements entered into within 18 months of closing and that are related to Lumos Pharma's legacy products other than LUM-201. There can be no assurance any payments will be made with respect to the CVRs. The purchase price of $4.25 per share represents a total equity value of approximately $38 million, a premium of 7.6% to Lumos Pharma's closing share price of $3.95 on October 22, 2024, and a premium of 10.5% to Lumos Pharma's 30-trading-day volume weighted average price as of October 22, 2024. The tender offer expired one minute after 11:59pm Eastern Time on December 11, 2024. As of the expiration of the tender offer, 6,544,417 shares of Lumos Pharma common stock were validly tendered into and not withdrawn pursuant to the offer, representing approximately 75.62% of Lumos Pharma's outstanding shares. All conditions of the tender offer were satisfied or waived and all shares validly tendered and not validly withdrawn were accepted for payment and DPV or its affiliates is promptly paying for all such tendered shares in accordance with the terms of the tender offer. As a result of its acceptance of the shares tendered in the tender offer, DPV and its affiliates acquired a sufficient number of shares of Lumos Pharma's common stock to close the merger without the affirmative vote of Lumos Pharma's other stockholders, pursuant to Section 251(h) of the Delaware General Corporation Law. As such, the merger was completed today, December 12, 2024. With the successful completion of the merger, Lumos Pharma will operate as a standalone business of DPV from its current headquarters in Austin, Texas. Each outstanding share of Lumos Pharma's common stock that was not validly tendered in the tender offer was cancelled and converted into the right to receive an amount in cash equal to $4.25 per share, without interest and less applicable tax withholding and one CVR. In addition, the common stock of Lumos Pharma ceased to trade on NASDAQ and a notice of delisting with respect to shares of Lumos Pharma is expected to be filed promptly by NASDAQ.
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HURA KANT | Hot Stocks08:50 EST TuHURA Biosciences enters definitive merger agreement to acquire Kineta - TuHURA Biosciences (HURA) and Kineta (KANT) announced that they have entered into a definitive merger agreement in which TuHURA would acquire Kineta, including the rights to Kineta's novel KVA12123 antibody, for a combination of cash and shares of TuHURA common stock via a merger transaction. KVA12123 is a VISTA-blocking immunotherapy in development as a monoclonal antibody infusion drug dosed every two-week cycles. It is completing two clinical trials both as a monotherapy and in combination with Merck's anti-PD1 therapy, KEYTRUDA, in patients with advanced treatment-refractory solid tumors. Competitive therapies targeting VISTA have demonstrated either poor monotherapy anti-tumor activity in preclinical models or induction of cytokine release syndrome in human clinical trials. Through the combination of unique epitope binding and an optimized IgG1 Fc region, KVA12123 demonstrates strong monotherapy tumor growth inhibition in preclinical models without evidence of CRS in clinical trial participants. KVA12123 has been shown to de-risk the VISTA target and provides a novel approach to address immune suppression in the tumor microenvironment with a mechanism of action that is differentiated and complementary with T cell focused therapies. KVA12123 may be an effective immunotherapy for many types of cancer and represents the introduction of a new class of checkpoint inhibitors. VISTA is a negative immune checkpoint that suppresses T cell function in a variety of solid tumors. High VISTA expression in tumor correlates with poor survival in cancer patients and has been associated with a lack of response to other immune checkpoint inhibitors. Blocking VISTA induces an efficient polyfunctional immune response to address immunosuppression and drives anti-tumor responses. KVA12123 has completed enrollment in its monotherapy arm, demonstrating safety at its highest dose level Kineta anticipates completion of enrollment in the combination therapy arm where KVA12123 is administered with Merck's anti-PD1 therapy, KEYTRUDA. Initial results were reported earlier this year at the American Association of Cancer Research Annual Meeting 2024 and at the Society for Immunotherapy of Cancer meeting, supporting best-in-class profile. Under the terms of the merger agreement, upon the completion of the Proposed Transaction, Kineta stockholders will receive their pro rata share of aggregate merger consideration consisting of a combination of cash and shares of TuHURA common stock. The cash component of the aggregate merger consideration will be a base cash amount of $9,005,000 less the sum of Kineta's working capital deficit at the closing of the Proposed Transaction and any working capital loans made by TuHURA to Kineta between the signing of the merger agreement and closing of the Proposed Transaction. The share component of the aggregate merger consideration will consist of an aggregate of up to approximately 3,476,568 shares of TuHURA common stock, subject to a six-month holdback of approximately 869,142 of such shares to satisfy certain additional liabilities of the closing date that may be identified after the closing. As additional merger consideration, Kineta stockholders will be entitled to receive their pro rata share of certain payments that Kineta may receive after the closing from the potential pre-closing sale by Kineta of certain non-KVA12123 products and technologies. In connection with the merger agreement, TuHURA and Kineta entered into a Clinical Trial Funding Agreement under which TuHURA agreed to continue to fund clinical trial expenses for KVA12123 in an amount of up to $900,000, which may be increased upon mutual agreement. The merger agreement also provides that Kineta may request the extension of up to $2,000,000 in working capital loans from TuHURA, $1,750,000 of which will be contingent on the completion of a financing transaction by TuHURA. The merger agreement has been unanimously approved by the boards of directors of both companies and is subject to Kineta stockholder approval. The completion of the Proposed Transaction is also subject to the satisfaction or waiver of certain other conditions, such as the approval by TuHURA's stockholders of an increase in the number of authorized shares of TuHURA common stock, Kineta's working capital deficit not exceeding $12,000,000 at the time of closing, the effectiveness of a registration statement on Form S-4 registering the shares of TuHURA common stock issuable to the Kineta stockholders in the Proposed Transaction, and other customary closing conditions. The Proposed Transaction is currently expected to close in the first quarter of 2025.
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ACHR | Hot Stocks08:49 EST Archer Aviation teams with Anduril to develop hybrid VTOL aircraft for defense - Anduril and Archer announced an exclusive partnership to jointly develop a hybrid VTOL aircraft for critical defense applications targeting a potential program of record from the DOD. Archer's efforts on this project will be part of its new Archer Defense program. To support this initiative and for other general corporate purposes, Archer raised $430M in additional equity capital, with participation from Stellantis, United Airlines, and new institutional investors, including Wellington Management and Abu Dhabi investment holding company 2PointZero, a subsidiary of UAE'S largest listed entity, IHC. Archer ended Q3 with $502M of cash and cash equivalents on its balance sheet and this raise brings Archer's total capital raised to nearly $2B to date.
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ONFO | Hot Stocks08:47 EST Onfolio sells BWPS WordPress business for $780,000 - Onfolio Holdings has completed the sale of its BWPS WordPress business for $780,000 to WebStreet in an all-cash deal, with $650,000 cash released immediately and $130,000 held back pending final completion of migration. The Company expects to record a capital gain of approximately $150,000 from the sale. For the fiscal year ended 12/31/2023, the BWPS WordPress business generated approximately $360,000 in revenue and $200,000 in unaudited adjusted earnings before interest, taxes, depreciation and amortization
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LGTY | Hot Stocks08:47 EST Logility responds to recent market rumors - Logility has issued a statement in response to recent market rumors and media reports. In accordance with its standing policy, Logility has no comment to make concerning any market rumors or speculation.
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IVAC | Hot Stocks08:47 EST Intevac jumps 18% to $3.49 after dividend, new pursuit of options
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IVAC | Hot Stocks08:46 EST Intevac says retained investment bank pursuing strategic alternatives - Intevac announced its anticipated year end cash position, 2025 revenue guidance, commencement of quarterly dividends, further restructuring to strengthen profitability, and a "renewed focus on its pursuit of strategic options." At year end Intevac's cash position, composed of restricted cash, and investments, is expected to be in the range of $70M-$72M. 2025 revenue is expected to be in the range of $52M-$55M. The company said it is "committed to maintaining disciplined spending and balance sheet strength for long-term competitiveness and sustainability." Intevac also announced that it intends to commence quarterly dividends of 5c per share. As announced in June 2023, Intevac has retained Houlihan Lokey Capital to advise management and the board on the company's strategic alternatives. "The active pursuit and focus on TRIO opportunities during 2023 and the first three quarters of 2024, along with unfavorable market conditions for the Company's HDD products, inhibited Intevac's ability to pursue strategic alternatives at that time," Intevac stated. It added, "Following Intevac's restructuring with an increased focus and improved market conditions for HDD, and the resulting improved pro forma forecasted EBITDA profitability, Houlihan Lokey is actively pursuing strategic alternatives, including discussions with interested parties, for the Company." Intevac also updated the composition of its Strategic Committee. The committee is now comprised of independent directors Kevin Barber, David Dury and Ryan Vardeman.
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GECC | Hot Stocks08:46 EST Great Elm Capital raises $13.2M of equity at net asset value - Great Elm Capital issued approximately 1.1M shares of the Company's common stock at a current net asset value of $12.06 per share, for an aggregate gross purchase price of $13.2M, to Summit Grove Partners. Great Elm Group made a $3.3M investment in SGP, further aligning the Company's investment manager with shareholders.
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CIEN | Hot Stocks08:45 EST Ciena says 'incredibly confident in our future' - Sees accelerated revenue growth, improved operating leverage over next few years. Comments taken from Q4 earnings conference call.
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PTMN LRFC | Hot Stocks08:44 EST Portman Ridge Finance, Logan Ridge Finance boards form special committees - Portman Ridge Finance (PTMN) and Logan Ridge Finance Corporation (LRFC) announced that their boards of directors have established special committees of independent directors to more fully evaluate the potential business combination of the two companies that was previously disclosed in their respective Form 10-Q filings with the Securities and Exchange Commission, which may result in the use of an exchange ratio other than NAV-for-NAV in connection therewith. The special committee of Portman Ridge's board of directors has retained Keefe, Bruyette & Woods, Inc. as financial advisor and Stradley Ronon Stevens & Young as legal counsel. The special committee of Logan Ridge's board of directors has retained Houlihan Lokey as financial advisor and Skadden, Arps, Slate, Meagher & Flom as legal counsel.
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NNE | Hot Stocks08:42 EST Nano Nuclear Energy, LIS Technologies awarded U.S. DOE contracts - LIS Technologies and its subcontractor NANO Nuclear Energy announce their selection by the U.S. Department of Energy, DOE, to participate as one of six contract awardees in DOE's Low-Enriched Uranium, LEU, Enrichment Acquisition Program. This milestone achievement is an outgrowth of the existing investment and collaboration relationship between LIST and NANO Nuclear announced in early November 2024. The total overall amount appropriated under the LEU Acquisition Program is anticipated to be $3.4 billion, reflecting the DOE's commitment to bolstering domestic fuel supply chains and advancing nuclear technology. This landmark initiative is part of the DOE's strategy to ensure the continued availability of LEU essential for the current and future needs of the United States' nuclear energy infrastructure.
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ABTS | Hot Stocks08:41 EST Abits Group announces results of annual meeting of shareholders - Abits Group announced the results of its 2024 Annual Meeting of Shareholders that was held on December 10, 2024 in Hong Kong. At the meeting, the shareholders: Elected Conglin Deng, Lionel Choong Khuat Leok, Tao Xu, Chuan Zhan, and Yanyan Sun to its Board of Directors; Ratified the appointment of Audit Alliance LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 Approved a share consolidation of the issued and outstanding shares of the Company's ordinary shares at a ratio between one-for-six and one-for-fifteen, with the exact ratio to be determined by the Board of Directors in its discretion and an amendment and restatement to the Company's memorandum and articles of association giving effect to the Reverse Share Split.
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ZYME | Hot Stocks08:41 EST Zymeworks hosts R&D day highlighting continued clinical progress - Zymeworks announced highlights from its R&D Day reviewing the Company's development progress on its wholly-owned pipeline assets and expansion into new therapeutic areas in hematological cancers and autoimmune and inflammatory diseases. Company on track to deliver five Investigational New Drug applications as part of '5 by 5' solid tumor strategy 18 months ahead of original target; Nomination of ZW209, a novel trispecific T cell engager, as fifth development candidate in the Company's solid tumor portfolio; Expansion into autoimmune and inflammatory diseases and hematology oncology leverages the Company's clinically validated Azymetric technology platform and expertise in multispecific therapeutics; ZW1528, the Company's first development candidate in AIID, demonstrates dual blockade of two complementary pathways of respiratory inflammation and offers potential benefit in mixed-type chronic obstructive pulmonary disease
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ALLO | Hot Stocks08:40 EST Allogene acknowledges passing of founding board member David Bonderman - Allogene Therapeutics acknowledged the passing of founding board member, David Bonderman. "We are deeply saddened by the passing of our founding board member and dear friend," said Arie Belldegrun, M.D., Executive Chairman. "David was more than a board member - he was a champion of innovation, a trusted mentor, and an enduring source of inspiration to all of us. He was also an unwavering believer in the groundbreaking potential of CAR T therapy. Long before Allogene was founded, David recognized the promise of this innovative approach, becoming one of the earliest advocates and supporters of Kite Pharma. His passion and dedication only deepened over time as he helped to guide the establishment and evolution of Allogene. Words cannot express how much he will be missed."
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LAES UAVS | Hot Stocks08:39 EST SEALSQ brings quantum technology to drone, UAV markets - SEALSQ is bringing its quantum technology to the rapidly expanding market of professional drones and Unmanned Aerial Vehicles and professional drones. SEALSQ has already established strategic partnerships with several drone manufacturers, including Parrot and AgEagle, to deliver security solutions for unmanned aerial systems. As Europe's leading commercial UAV provider, Parrot has already integrated SEALSQ's secure chips into its flagship models, including the ANAFI USA, ANAFI Ai, and SKYCONTROLLER 4. Similarly, AgEagle incorporates SEALSQ's secure elements in its eBee VISION UAS, specifically designed for Intelligence, Surveillance, and Reconnaissance missions. SEALSQ's product roadmap for 2025 includes the launch of its Quantum-Resistant Secure Chips portfolio, featuring the QS7001 Open Platform and the QVault Trusted Platform Module. Engineering samples of the QS7001 are currently undergoing rigorous physical and logical validation as part of an extensive testing campaign.
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PODC | Hot Stocks08:38 EST PodcastOne expands programming slate to 194 shows, surpasses 3.8B downloads - PodcastOne announced a network expansion with weekly podcasts from A&E's The History Channel, award winning country singer Sara Evans and entrepreneurial expert James Altucher. Also joining PodcastOne is the long running Delusional Diaries podcast and the recently debuted Moms Ask Why podcast. These five additions increase PodcastOne's network roster of shows to 194, while recently surpassing 3.8 billion programming downloads.
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JTAI | Hot Stocks08:38 EST Jet.AI commences pre-sales of Cessna Citation CJ4 Gen2 aircraft - Jet.AI announced the commencement of pre-sales for fractional ownership interests in its upcoming Cessna Citation CJ4 Gen2 aircraft. This development follows the Company's initial order with Textron Aviation Inc. for CJ4 aircraft on November 22, 2024.
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SOFI | Hot Stocks08:37 EST Mesh Payments teams with SoFi Bank as sponsor bank - Mesh Payments, an innovator in global travel and expense management, has joined forces with SoFi Bank as its sponsor bank and with Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies as its longtime payments processor. This partnership integrates Mesh Payments' next-generation expense and card infrastructure with SoFi Bank's scalable financial framework and Galileo's modern, customizable API-based payments processing platform. By uniting these capabilities within a single ecosystem, Mesh Payments is positioned to streamline enterprise expense management, reduce inefficiencies and deliver innovative solutions to its clients more quickly. SoFi Bank's selection as Mesh Payments' sponsor bank underscores its emerging capabilities in commercial payments services. As one of the few sponsor banks to offer an integrated approach, SoFi Bank's relationship with Galileo eliminates inefficiencies that typically arise when fintechs rely on separate providers for banking and payments infrastructure.
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BYRN | Hot Stocks08:37 EST Byrna Technologies surpasses 500,000 launchers sold - Byrna Technologies announced that it surpassed 500,000 launchers sold in November 2024. This significant milestone, achieved just five and a half years after the sale of its first launcher in 2019, is a testament to Byrna's increasing market adoption. "Reaching 500,000 launchers sold in just over five years is a remarkable achievement for Byrna," said Byrna CEO Bryan Ganz. "Since our first launcher sale in 2019, Byrna has transformed into a company capable of scaling its operations while also raising awareness about less-lethal solutions. I am incredibly proud of our employees for their dedication to reaching this milestone, and we look forward to continuing to provide individuals and law enforcement with innovative security solutions for years to come."
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PFLT | Hot Stocks08:37 EST PennantPark Floating Rate announces upsize of joint venture - PennantPark Floating Rate Capital has agreed to expand its investment in PennantPark Senior Secured Loan Fund I. This transaction further strengthens this strategic partnership, which was put into place over seven years ago, and has generated strong returns to date. PFLT and its JV partner jointly agreed to invest an additional $100M of capital in PSSL. In conjunction with increased leverage capacity at PSSL, the $100M investment will expand the JV's total investment capacity to $1.5B, representing a nearly $500M increase.
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CSTM | Hot Stocks08:36 EST Constellium, Renault conclude R&D project advancing solutions for lighter cars - Constellium announced the successful conclusion of the "ISA3" R&D project, initiated in 2021 to enhance lightweighting in automotive design. Conducted in partnership with Renault Group, ESI Group, the Institut de Soudure, and the University of Lorraine, and supported by a grant from the France Relance investment program, the project has set a benchmark for designing next-generation aluminium automotive components that are lightweight, cost-efficient, and recyclable. A major milestone of the project is a lightweight aluminium door, co-developed with Renault, using Constellium's proprietary uni-alloy 6xxx rolled and extrusion-based solutions. This innovative design achieves a 14% weight reduction compared to a current aluminium door used in compact battery electric vehicles.
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MAR | Hot Stocks08:36 EST Marriott expands into outdoor market with Postcard Cabins and Trailborn - Marriott announced the expansion of its outdoor-focused lodging offerings through two founding deals with players in the outdoor lodging segment. The deals include the acquisition of the Postcard Cabins brand, formerly known as Getaway Outposts, and the execution of a long-term agreement with Trailborn. The company plans to launch an outdoor-focused collection in 2025, anchored by these founding deals. Marriott has acquired the Postcard Cabins brand. The Postcard Cabins portfolio consists of groupings of tiny cabins located within two hours' drive of major metropolitan areas. The current Postcard Cabins portfolio, comprised of 29 properties with over 1,200 cabins across the U.S., will operate under long-term agreements with Marriott. Marriott has also entered into a long-term agreement to add Trailborn's portfolio to Marriott's system. Trailborn's current and pipeline portfolio consists of 559 rooms across five outdoor destinations, with several projects in development. Trailborn's current portfolio will be part of Marriott's planned outdoor-focused collection, with expected integration into Marriott's system and platforms, including Marriott.com and the Marriott Bonvoy mobile app, in 2025. Marriott's outdoor-focused collection is expected to be conversion friendly for franchisees, owners and developers. The terms of the transactions are not being disclosed.
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IVAC | Hot Stocks08:36 EST Intevac to commence 5c per share quarterly dividend - Intevac announced that its board of directors intends to commence quarterly dividends of 5c per share to be paid beginning in Q1 of 2025. These quarterly dividends are subject to approval by the board of directors at the customary times that those dividends are declared.
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PRZO KLTR | Hot Stocks08:36 EST ParaZero appoints Natan Israeli to board of directors - ParaZero Technologies has strengthened its board of directors with the appointment of Mr. Natan Israeli, a Brig. Gen., formerly Head of the Personnel Directorate in the Israeli Air Force and leader of a UAV squadron, effective December 11, 2024. Israeli has served as Kaltura Chief Customer Officer since November 2020 and as an executive officer since January 2024.
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GEVO | Hot Stocks08:34 EST Gevo, LG Chem extend joint development agreement - Gevo and LG Chem are extending their joint development agreement. The agreement extension enables LG Chem to assess existing assets for deploying Gevo's Ethanol-to-Olefins, ETO, technology while accelerating commercialization activities, considering project scale and end-product markets. "Gevo's partnership with LG Chem is a great example of how we intend to accelerate development and commercialization of our patented ETO technology to enable renewable chemicals with our world-class partner," said Gevo's Chief Carbon and Innovation Officer, Dr. Paul Bloom. "Our ethanol-to-olefin process holds immense promise to decarbonize a substantial portion of the market for propylene, and LG Chem is starting commercial activities ahead of the timeline we originally planned."
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COHR | Hot Stocks08:33 EST Coherent evaluates strategic alternatives for its LiB recycling program - Coherent announced that as a result of an ongoing strategic portfolio assessment, the company will evaluate strategic alternatives for its Streamlined Hydrometallurgical Advanced Recycling Process, SHARP, technology to efficiently recover and recycle critical metals from lithium-ion batteries, LIBs. With the increasing global demand for LiBs, driven by electric vehicles, energy storage systems, electronics, and other applications, the recycling of end-of-life LiBs is more critical than ever. SHARP technology addresses this challenge by enabling the production of cathode precursors and materials suitable for new LiB production directly from LiB waste. Unlike traditional hydrometallurgical processes, SHARP eliminates the need for extensive critical metal separation and purification steps.
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ADTN | Hot Stocks08:33 EST Adtran and IdeaTek team up to bring 50G PON services to Kansas - Adtran and IdeaTek announced their partnership to deploy 50Gbit/s passive optical network 50G PON technology across Kansas, marking a milestone in advancing connectivity for rural and underserved communities in the region. Building on the deployment of Adtran's 10G fiber access platform and Wi-Fi 7-enabled mesh gateways, which have already helped IdeaTek expand its subscriber base, the latest collaboration will leverage the 50G PON-capable SDX 6400 Series OLT to deliver services at 10Gbit/s, 20Gbit/s and beyond. The rollout will support smart farming, IoT connectivity, next-generation remote healthcare, augmented/virtual reality, and ultra-high-definition video for homes, businesses and dense environments like educational campuses. Designed to ensure scalability and readiness for future demands, the partnership underscores IdeaTek's mission to bridge the digital divide and bring reliable, ultra-fast internet to communities statewide. "Our SDX 6400 was specifically engineered to help service providers like IdeaTek prepare for future capacity growth while protecting current investments. It gives them the tools to efficiently scale their network, easily integrate new technologies and rapidly deliver multigigabit speeds to subscribers"
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WSFS | Hot Stocks08:33 EST WSFS Financial promotes Liam Brickley to chief credit officer - WSFS Financial announced Liam Brickley will be elevated to the role of executive VP, chief credit officer. In his role, Brickley will continue to report to Christine Davis, executive VP, chief risk officer and be responsible for the oversight and administration of the bank's commercial, consumer and other credit exposures, loan policies and procedures.
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OESX | Hot Stocks08:31 EST Orion Energy secures three-year contract with energy service company - Orion Energy Systems announced its selection for a three-year contract by a longstanding, nationwide Energy Service Company partner. This new contract and expanded relationship will commence in January 2025 and is anticipated to generate $5 - $10 million per year. Orion has been named one of three approved suppliers for turnkey lighting projects across the ESCO's extensive customer network. Under the agreement, Orion's comprehensive services will include site visits, detailed lighting audits, fixture manufacturing, project management, fixture installation, and the installation and commissioning of its industry-leading LED lighting and control systems.
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WBD | Hot Stocks08:31 EST Warner Bros. Discovery announces new corporate structure - Warner Bros. Discovery announced that its Board of Directors has authorized the company to implement a new corporate structure designed to enhance its strategic flexibility and create potential opportunities to unlock additional shareholder value. Under this new corporate structure, Warner Bros. Discovery will serve as the parent company for two distinct operating divisions: Global Linear Networks: A premier linear television business that operates some of the most renowned networks with compelling news, sports, scripted and unscripted programming. Streaming & Studios: A globally scaled streaming platform and storied film and entertainment studios with a portfolio of the world's most beloved intellectual property. Warner Bros. Discovery expects the new corporate structure to enhance clarity and focus, with each division positioned to deliver on its specific strategic and operational objectives while executing on initiatives to further key priorities for consolidated Warner Bros. Discovery. Global Linear Networks will focus on maximizing profitability and free cash flow to continue deleveraging, while Streaming & Studios will focus on driving growth and strong returns on increasing invested capital. The new corporate structure will also increase optionality to pursue further value creation opportunities for both divisions in an evolving media landscape. Warner Bros. Discovery expects to start the foundational steps immediately and to complete the implementation of the new corporate structure by mid-2025. In addition, the company expects to continue to evolve the Board to execute its strategy and drive future shareholder value creation.
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WISA | Hot Stocks08:31 EST Data Vault Holdings expands ADIO market reach with CompuSystems deal - Data Vault Holdings which is under a definitive asset purchase agreement to sell its Datavault and ADIO IP and IT assets to WiSA Technologies, and is leading the way in data visualization, valuation, and monetization, has partnered with CompuSystems CSI a premier provider of registration, data analytics, and lead management services for live events, to embed ADIO in CSI's M3 Expo Wallet app."Our partnership with CSI expands the market reach of ADIO to over 125 trade shows in 2025, representing over 1.4M registrants," stated Nathaniel Bradley, CEO of Data Vault Holdings. "By integrating ADIO's cutting-edge proximity-based engagement with the M3 Expo Wallet, we're providing exhibitors with a powerful platform to connect with their audience in more meaningful ways. CSI's prospect-matching algorithms identify attendees aligning with an exhibitor's ideal profile, and highly targeted attendees who opt-in can receive tailored content powered by our ADIO technology's inaudible tones to be delivered in real-time."
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ECDA | Hot Stocks08:29 EST ECD Auto signs with Ten Easy Street of Nantucket to expand retail presence - ECD Automotive Design has signed with Ten Easy Street of Nantucket, a concept showroom, showhouse and gathering space, to expand ECD's retail presence and showcase its one-of-one vehicles as part of their curated creative lifestyle brands, furnishings and social opportunities.
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SEVN | Hot Stocks08:28 EST Seven Hills Realty Trust elects Ann Danner to Board of Trustees - Seven Hills Realty Trust announced that it has elected Ann M. Danner to the Company's Board of Trustees as an Independent Trustee, effective immediately. With the addition of Ms. Danner, SEVN now has a seven member board comprised of 71% independent trustees. Ms. Danner has served as the Founder and Managing Member of RHA Advisors a construction development and management consultancy, since 2018. Previously, she was Chief Executive Officer of Residential Homes of America RHA a company that was engaged in the full-cycle development and operation of multifamily apartment projects and for sale housing, which she founded in 1986. Prior to RHA, she was Vice President and Director, Acquisitions and Sales at American United, Inc. Ms. Danner currently serves on the Professional Advisory Board of ALSAC, as Director Emeritus of ALSAC/St. Jude Children's Research Hospital, on the Advisory Board of Directors of First Women's Bank and as an Independent Advisory Director of Sordoni Construction Services
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SLB PBR | Hot Stocks08:26 EST SLB OneSubsea awarded subsea boosting contract by Petrobras for the Buzios field - Global energy technology company SLB (SLB) announced a contract award by Petrobras (PBR), following a competitive tender, to its OneSubsea joint venture for two subsea raw seawater injection RWI systems to increase recovery from the prolific Buzios field.The subsea RWI systems will help to increase the production of floating production storage and offloading FPSO vessels, which are currently bottlenecked in their water injection capacities. Once operational, the RWI systems will reduce greenhouse gas GHG emissions per barrel of oil as they are a more efficient means of reservoir pressurization to increase recovery when compared with the conventional alternative of topside injection systems."As deepwater basins mature, we see more and more secondary recovery opportunities emerging," said Mads Hjelmeland, CEO of SLB OneSubsea. "Subsea raw seawater injection is a well-proven application with a strong business case that we think should become mainstream. By placing the system directly on the seabed, we free up space and reduce fuel needs for the FPSOs as well as lessen the power needs for the injection systems. It's a win-win for Petrobras, and one that we are very excited about. This contract will consolidate our solid local content presence in the country, contributed by the largest manufacturing plants and state-of-the-art subsea service facilities in Brazil."
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GRYP | Hot Stocks08:20 EST Gryphon Digital Mining appoints Eric Gallie as SVP, energy strategy - Gryphon Digital Mining announced Eric Gallie's appointment as Senior Vice President of Energy Strategy, effective immediately. In his new role, Mr. Gallie will oversee Gryphon's energy initiatives to support the Company's acquisition efforts, focusing on securing and optimizing low-cost power sources for digital currency mining operations and AI infrastructure development. Gallie joins Gryphon from an energy focused hedge fund, where he managed upstream and integrated oil & gas equity investment portfolios while coordinating research and trade ideas with natural gas and power traders.
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GWAV | Hot Stocks08:20 EST Greenwave Technology wins $2M government contract for metal recycling - Greenwave Technology has been awarded an exclusive government contract for the recycling of 550,000 pounds of non-ferrous metal, estimated to boost Q4 2024 and Q1 2025 revenues by approximately $2M.
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SNBR | Hot Stocks08:20 EST Sleep Number holder Stadium Capital says long-tenured directors should leave - Stadium Capital Management, is the largest shareholder of Sleep Number Corporation owning approximately 11.7% of the Company's outstanding shares. ...Stadium Capital issued the below letter to the Company's Board of Directors ..The legendary investor Benjamin Graham famously said, "In the short run, the market is a voting machine but in the long run, it is a weighing machine." The voting machine has been unequivocal at Sleep Number - shareholders resoundingly support the changes we suggested in our public letter issued on November 25 . We are confident that with the prompt implementation of our suggestions, the weighing machine will reflect significantly more value creation at Sleep Number over time. However, without the right changes, or with changes that take too long to occur, we remain concerned that the Board will continue to destroy shareholder value. Since we published the November 25th Letter, we have received feedback from shareholders representing more than 45% of the outstanding shares in support of our recommended path forward. We also understand that many of these shareholders have expressed their views directly to the Board as well. With Sleep Number's share price up over 63% since we published the November 25th Letter, and no intervening news from the Company, it is incumbent upon the members of the Board to stop burying their heads in the sand and recognize that shareholders are clamoring for the changes we are seeking.
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IMMP | Hot Stocks08:20 EST Immutep announces results from Cohort B of TACTI-003 trial - Immutep announces positive clinical results from Cohort B of the TACTI-003 Phase IIb trial. This study evaluates eftilagimod alpha in combination with MSD's anti-PD-1 therapy KEYTRUDA in first line recurrent/metastatic head and neck squamous cell carcinoma patients with negative PD-L1 expression. Data as of the 31 October 2024 cut-off date in evaluable 1L HNSCC patients whose tumours express PD-L1 below 1 and who typically do not respond well to anti-PD-1 therapy alone shows: Positively, median overall survival has not yet been reached and the 12-month OS rate is 67%; Promising progression-free survival of 5.8 months; Strong durability with interim median duration of response of 9.3 months; High 35.5% objective response rate and 58.1% disease control rate, as reported on 12 July; Complete response rate increases to 12.9% and 16.1%, according to RECIST 1.1 and iRECIST, respectively; Efti in combination with pembrolizumab continues to be well-tolerated with no new safety signals
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ATNF | Hot Stocks08:19 EST 180 Life Sciences regains compliance with Nasdaq listing rule - 180 Life Sciences has regained compliance with Nasdaq Listing Rule 5605(c)(2), which requires Nasdaq listed companies to maintain an audit committee consisting of three independent directors. This development follows the recent appointment of Mr. Stephen Shoemaker as an independent director of the Company and as a member of the Company's audit committee. With this appointment, 180 is now in full compliance with all Nasdaq continued listing requirements and has remedied all previously announced deficiencies.
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AIM | Hot Stocks08:19 EST Kellner Group says former AIM ImmunoTech executive supports nominees - Ted Kellner, as the nominating stockholder and a nominee, together with his other nominees, Todd Deutsch, Robert Chioini and Paul Sweeney issued a press release in connection with their "efforts to bring accountability to the entrenched, incumbent" Board of Directors of AIM Immunotech. The group said, " Wayne Springate, a former Senior Vice President and officer of AIM, is publicly declaring his support for the changes in leadership and voting for all of the Kellner Group Nominees on the Gold proxy card in the ongoing proxy contest. Mr. Springate served as an officer and held various leadership positions at AIM for eighteen years, from 2002 through 2020, most recently as Vice President of Special Projects. With decades of experience in the biopharma/health care sector, Springate remains committed to advancing innovative solutions and advocating for value creation in the Healthcare industry. Mr. Springate is the second former AIM executive to support the Kellner Group's efforts in the past week, following the announcement that Ampligen co-founder and former AIM CEO Dr. Carter agreed to join the Scientific Advisory Board if the Kellner Group Nominees are elected." "I strongly support the necessary change in board composition and believe that each of the Kellner Group Nominees can work together to drive significant change at AIM and create value for stockholders," said Springate. "Having been with AIM for many years, holding senior positions, I had firsthand experience with the company's incredible potential. When I left over three years ago, AIM was well-positioned for success. The company had the opportunity to advance its clinical studies, manufacture Ampligen and Alferon at its state-of-the-art facility in New Brunswick, and drive shareholder value. I believe the Kellner Group Nominees can lead AIM to finally realizing its great potential. The Kellner Group's proposals offer the opportunity for fresh perspectives, expertise, and a clear vision to turn AIM around. It's time to bring in new leadership that prioritizes shareholders and the future of Ampligen."
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PFE | Hot Stocks08:18 EST Pfizer announces results from PATINA trial - Pfizer and Alliance Foundation Trials announced results from the Phase 3 PATINA trial demonstrating that the addition of Ibrance to current standard-of-care first-line maintenance therapy resulted in statistically significant and clinically meaningful improvement in progression-free survival, or PFS, by investigator assessment in patients with hormone receptor-positive, human epidermal growth factor receptor 2-positive metastatic breast cancer. In the study, which is sponsored by AFT, median PFS was 44.3 months for patients treated with Ibrance in combination with anti-HER2 therapy and endocrine therapy, and 29.1 months for patients treated with anti-HER2 therapy and endocrine therapy alone. This represents an extension in median PFS of over 15 months. Overall survival, a secondary endpoint, was not yet mature at the time of the analysis. These results are being presented during a late-breaking oral session and highlighted in the press program at the 47th San Antonio Breast Cancer Symposium, or SABCS, in San Antonio, Texas. The safety and tolerability of Ibrance in the PATINA study was consistent with its known safety profile in HR+, human epidermal growth factor receptor 2-negative MBC, and no new safety signals were identified. The most common adverse events observed with Ibrance were hematologic toxicities, such as neutropenia and leukopenia. Non-hematologic adverse events included fatigue, stomatitis and diarrhea, which were generally mild to moderate in severity. Since its initial regulatory approval in 2015, Ibrance continues to be a standard-of-care first-line treatment for HR+, HER2- MBC and has been approved in more than 108 countries. Pfizer plans to share the results from PATINA with regulatory authorities.
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ATOS | Hot Stocks08:18 EST Atossa Therapeutics to present poster on Z-endoxifen at SABCS - Atossa Therapeutics announced data describing the discovery of compounds that may be synergistic with (Z)-endoxifen and that could potentially be used in combinations for the treatment of breast cancer. The data is being presented in a poster at the 2024 San Antonio Breast Cancer Symposium, SABCS, on December 13, 2024. The data suggest that combination therapies with (Z)-endoxifen and agents targeting topoisomerase, CDK, mTOR/PI3K and AKT have potential in the treatment of breast cancer but require further study.
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KRYS | Hot Stocks08:16 EST Krystal Biotech announces initial update for KB408, KB407 - Krystal Biotech clinical data updates for both KB408 and KB407, the Company's clinical-stage, inhaled genetic medicine programs in Phase 1 for the treatment of rare respiratory diseases. Today's updates include molecular data from multiple patients demonstrating SERPINA1 delivery and alpha-1 antitrypsin, AAT, expression within the respiratory tract following KB408 administration as well as safety and tolerability data for both KB407 and KB408 that, taken together, highlight the potential of the Company's platform to safely deliver genetic cargo to the lung. KB408 for the treatment of alzha-1 antitrypsin deficiency lung disease: Clear evidence of successful gene delivery was observed in both patients, including high rates of transduction and AAT expression in the conducting airways of both patients as assessed via bronchoscopy. patient not on background IV: A clinically meaningful proportion of conducting airway epithelial cells were transduced following administration of a single dose of KB408, with the percentage of cells positive for AAT expression increasing from 0% at baseline to 39% after KB408 dosing. Patient on background IV augmentation: Again, a clinically meaningful proportion of conducting airway epithelial cells were transduced following administration of a single dose of KB408, with the percentage of cells positive for AAT expression increasing from 3% at baseline to 35% after KB408 dosing.
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RZLV | Hot Stocks08:16 EST Rezolve AI announces participation in initiatives expected to align with DOGE - Rezolve Ai (NASDAQ: RZLV), a global leader in retail artificial intelligence, today announced its active participation in initiatives that are expected to align with the planned presidential advisory commission, the Department of Government Efficiency. Rezolve Ai's proprietary technologies, including its BRAiNPOWA LLM and BRAiN Commerce platforms, are driving retail transformation through improved operational efficiency, enhanced consumer experiences, and streamlined workforce optimization - key priorities that align with the advisory commission's expected mission. The Department of Government Efficiency is expected to prioritize regulatory reduction, spending cuts, and workforce optimization to foster innovation and reduce waste across sectors. Rezolve Ai believes that its solutions are well-positioned to support these goals, offering tools that not only streamline operations for retailers but also optimize staffing by automating routine tasks, allowing human resources to focus on higher-value responsibilities. Key components of Rezolve Ai's alignment include: Streamlined Operations: AI-powered solutions to help retailers reduce costs and improve responsiveness to consumer demands. Workforce Optimization: Automating repetitive tasks and enabling retailers to redeploy staff into strategic, consumer-focused roles. Innovative Payment Solutions: Integrating cryptocurrency payment options to reduce transaction fees and enhance financial inclusion. Sustainability Goals: Helping retailers minimize waste and promote environmentally conscious practices, contributing to broader efficiency objectives. Enhanced Accessibility: Leveraging AI to deliver personalized shopping experiences that make products and services more accessible to diverse populations. Rezolve Ai's BRAiN Commerce and BRAiN Checkout platforms aim to empower retailers worldwide to achieve these objectives, by reducing reliance on manual processes and achieving new levels of operational excellence. Through its alignment with the principles the Department of Government Efficiency is expected to champion, Rezolve Ai underscores its commitment to using technology as a transformative force for retail and beyond.
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NTRA | Hot Stocks08:15 EST Natera enrolls 1st patients in SAGITTARIUS clinical trial in colon cancer - Natera announced the enrollment of the first patients in the SAGITTARIUS clinical trial. Sponsored by The AIRC Institute of Molecular Oncology IFOM-ETS and funded by the European Union Horizon Europe Programme, SAGITTARIUS is a global, randomized, phase III clinical trial designed to evaluate the use of Signatera to guide personalized adjuvant treatment strategies for patients with colon cancer. The study aims to enroll approximately 700-900 stage III and high-risk stage II colon cancer patients following surgical resectio. Signatera-positive patients will be randomized to receive either genotype-guided therapy tailored to their individual tumor mutational profile or six months of standard chemotherapy. The trial's investigational arm will explore the potential of administering immunotherapy or targeted agents approved for metastatic colon cancer earlier in the disease course to increase the proportion of patients cured with adjuvant therapy. This genomically-driven approach will focus on mismatch repair status, POLE, RAS/RAF mutation status, and HER2 amplification status. "The enrollment of the first patients in SAGITTARIUS represents a significant milestone in a trial that has the potential to transform treatment approaches for colorectal cancer," said Silvia Marsoni, MD, PhD, head of the precision oncology unit at IFOM ETS and scientific coordinator of the SAGITTARIUS Project. "The trial aims to move beyond the traditional one-size-fits-all, post-surgical standard of care with chemotherapy by introducing a truly personalized treatment approach tailored to each patient," said Adham Jurdi, MD, senior medical director of oncology at Natera. "Signatera-positive patients will receive adjuvant therapies matched to their specific mutational profiles.
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MDAI | Hot Stocks08:15 EST Spectral AI highlights collaboration with leaders in burn care for DeepView - Spectral AI announced that national leaders in burn care have dedicated more than an estimated 511 in-person days of physician engagement to the training and validation studies for the DeepView System for U.S. Food and Drug Administration submission. This does not include more than an estimated 250 additional days that these experts devoted in Proof-of-Concept studies. The company said, "This extraordinary collaboration includes participation from physicians across the country who are national leaders in burn care. They include three current or former presidents, and ten board members/past board members of the national burn organization, the American Burn Association, and two editors-in-chief of leading medical burn journals. This level of participation by such esteemed professionals represents an unprecedented investment of time and expertise to work with Spectral AI's team to develop artificial intelligence algorithm."
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ESPR | Hot Stocks08:13 EST Esperion entered into licensing agreement with Neopharm Israel - Esperion Therapeutics announced it has entered into a licensing agreement with Neopharm Israel for the exclusive rights to commercialize NEXLETOL and NEXLIZET in Israel. Under the terms of the agreement, Esperion will receive an upfront and near-term milestone payments and will be eligible to receive tiered royalties on sales of NEXLETOL/NEXLIZET in Israel. "We are very pleased to partner with Neopharm as they have a long history of successfully commercializing innovative medicines in Israel," said Sheldon Koenig, President and Chief Executive Officer of Esperion. "This agreement expands our global reach and reinforces Esperion's commitment to helping patients at risk for cardiovascular and cardiometabolic diseases."
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SNCR | Hot Stocks08:12 EST Synchronoss announces three-year contrat extension with U.S. telecom provider - Synchronoss Technologies announced a three-year contract extension with a leading U.S. telecom provider. Synchronoss Personal Cloud enables the provider to deliver cloud offerings for users to securely backup, manage, and share content across smartphones, devices, and the cloud. "We're proud of our long-standing relationship with this key partner and the continued growth of our cloud user base," said Jeff Miller, President and CEO of Synchronoss. "The latest version of the Synchronoss Personal Cloud platform integrates AI functionality, giving users new ways to enhance, create, and organize their digital content. Through AI, machine learning and other functionality, we continue to introduce new capabilities that allow service providers to deliver value to their subscribers and, create revenue-generating opportunities."
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GXO | Hot Stocks08:12 EST GXO Logistics, SAMSE Group partner to optimize omnichannel logistics - GXO Logistics has signed a contract with SAMSE Group. This partnership is part of the SAMSE Group's strategy to optimize its supply chain. GXO will manage the Group's omnichannel logistics, from product receiving to shipment. GXO will operate SAMSE's logistics activities from two buildings in La Boisse, near Lyon, totaling 56,000 square meters where over 22,000 SKUs will be handled by about 100 team members. A first site will manage cross-dock flows for all SAMSE Group's stores - Building Materials and DIY, The second site will focus on e-commerce flows for their DIY store - L'Entrepot du Bricolage.
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BWAY | Hot Stocks08:12 EST Brainsway reports independent pilot data on Deep TMS technology for AUD - BrainsWay announced recent positive pilot data from an independent, third-party study conducted at Stanford University evaluating an accelerated protocol using the Company's Deep Transcranial Magnetic Stimulation, TMS, technology to treat alcohol use disorder, AUD, patients. The outcomes were reported in a publication in the Brain Stimulation journal entitled, "Accelerated deep TMS in alcohol use disorder: A preliminary pilot trial targeting the dorsal anterior cingulate cortex increases neural target engagement and abstinence." In the follow-up period after treatment, subjects receiving accelerated Deep TMS showed notably better improvements when compared to those treated by other means. The better outcomes were seen in several important areas, including lower percentages of heavy drinking days and regular drinking days, as well as lower relapse rates
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INNV | Hot Stocks08:10 EST InnovAge reports helping 24,400 seniors with PACE since inception - InnovAge Holding celebrates 35 years of empowering seniors to age independently in their homes and communities. PACE has been InnovAge's focus since the company's founding in 1989, growing from a single pilot location to 20 locations in 6 states. As of September 30, 2024, InnovAge served approximately 7,210 participants, and throughout its history, served 24,440 enrolled seniors. InnovAge continues to advance its care model to meet the evolving needs of its participants. This includes significant clinical and operational transformations, including new technologies to enhance care, PACE-customized electronic medical records, in-house dental and behavioral health care services, Medicaid enrollment assistance, 24/7 in-home support, after-hours nursing care, and more.
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IMXI | Hot Stocks08:10 EST Intermex expands connectivity, launches top-up services across 130+ countries - International Money Express announces the launch of its new international top-up service, in partnership with Ding, the market-leading provider of cross-border mobile top-up. Starting this December, Intermex customers can send mobile airtime top-ups to people in more than 130 countries, connecting with hundreds of telecom providers worldwide.
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ABSI | Hot Stocks08:09 EST Absci highlights progress, updates across proprietary pipeline - Absci Corporation announced updates and progress across its internal pipeline of proprietary Drug Creation programs, as well as new breakthroughs demonstrated by Absci's AI Integrated Drug Creation platform. ABS-201: ABS-201 has potential to offer a safe option as compared to current standard of care, Anticipate initiation of Phase 1 clinical trial in 1H 2026. ABS-101: Anticipate initiation of Phase 1 clinical trial in 1H 2025; ABS-301: For this program, Absci has optimized an antibody lead with high affinity and potency, and anticipates selecting a drug candidate in 1H 2025. ABS-501: Anticipate selection of a drug candidate in 2025, and multiple paths for therapeutic development of this program are under consideration.
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INTS | Hot Stocks08:09 EST Intensity Therapeutics reports positive results of INT230-6 in breast cancer - Intensity Therapeutics and The Swiss Group for Clinical Cancer Research or SAKK, announced that Andreas Mueller presented the final data from Intensity's INVINCIBLE-2 Study and an overview / update of the INVINCIBLE-4 Study at the San Antonio Breast Cancer Symposium being held December 10-13 in San Antonio, Texas. The INVINCIBLE-4 Study is to determine the clinical activity, safety, and tolerability of INT230-6 in patients with early-stage, operable Triple Negative Breast Cancer, or TNBC, who undergo standard of care neoadjuvant immunochemotherapy, or SOC, treatment and SOC alone. The primary endpoint is pathological complete response in the primary tumor and affected lymph nodes. The study is recruiting and expected to enroll 54 patients. The company's completed INVINCIBLE-2 Study, where INT230-6 was given alone in multiple tumor types including TNBC, showed: tumor-killing properties at levels greater than 95% in some patients on a single intratumoral dose with systemic immune activation; results in tumors larger than 2 cm showed significant necrosis in 74% of subjects at the time of surgery; gene expression analysis showed a significant difference between baseline biopsies and surgical specimens. The study demonstrated pathologic and immune priming effects of intratumoral cytotoxicity in traditional immune quiescent breast cancers, with a treatment that showed favorable safety and was well tolerated.
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HUSA | Hot Stocks08:09 EST Houston American Energy signs LOIs to acquire AGIG, RPD Technologies - Houston American Energy announced the signing of two non-binding Letters of Intent to acquire Abundia Global Impact Group and RPD Technologies. These proposed acquisitions comprise a comprehensive strategy aimed at driving shareholder value through diversification and innovation in the energy transition sector. HUSA has entered into a Letter of Intent to acquire 100% of the membership interests of Abundia Global Impact Group LLC. The details of this transaction are currently under negotiation with terms expected to be finalized by the first quarter of 2025. The Letter of Intent is non-binding and subject to customary due diligence. HUSA has entered into a Letter of Intent to acquire 100% of RPD's membership interests in a debt free transaction with terms that extend over a three-year period. The Letter of Intent is non-binding and subject to customary due diligence.
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V | Hot Stocks08:08 EST Visa Direct to make funds available in one minute or less by April 2025 - Visa announced that with Visa Direct, funds transferred to U.S. bank accounts will be available within one minute or less starting in April 2025. Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time.
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EVAX | Hot Stocks08:07 EST Evaxion Biotech establishes new Ai-derived precision cancer vaccine concept - Evaxion Biotech obtains preclinical Proof-of-Concept, PoC, for its precision cancer vaccine concept targeting non-conventional ERV tumor antigens shared across patients. New data confirming the preclinical PoC is presented at the ESMO Immuno-Oncology Congress, currently taking place in Geneva, Switzerland. Evaxion's AI-Immunologyplatform can identify and select vaccine targets from ERVs expressed in the cancer cells, enabling the design of precision cancer vaccines for multiple specific cancer types.
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BWXT | Hot Stocks08:06 EST BWX Technologies, Westinghouse Electric sign MOU to support nuclear projects - BWXT Canada, a subsidiary of BWX Technologies, and Westinghouse Electric announced that they have signed a memorandum of understanding, or MOU, to support nuclear new-build projects in Canada and globally. Under the agreement, BWXT has the potential to manufacture key AP1000 and AP300 reactor components, including steam generators, reactor vessels, pressure vessels and heat exchangers.
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ALXO JAZZ | Hot Stocks08:06 EST ALX Oncology to host virtual event to discuss Phase 1b/2 evorpacept data - ALX Oncology will host a virtual event on Tuesday, December 17, at 5:00 AM PST / 8:00 AM EST to discuss the first data from a Phase 1b/2 clinical trial evaluating the company's investigational CD47-blocker evorpacept in combination with Jazz Pharmaceuticals' zanidatamab in heavily pretreated patients with metastatic breast cancer. The data were featured today in a spotlight poster presentation at the 2024 San Antonio Breast Cancer Symposium. The poster is now available on the ALX Oncology site under Publications. During the virtual company event, Alberto J. Montero, MD, MBA, Clinical Director, Breast Cancer Medical Oncology Program, Diana Hyland Endowed Chair for Breast Cancer, and Professor of Medicine at University Hospitals Seidman Cancer Center, Case Western Reserve University, and the study's principal investigator, will provide an overview of the data presented at SABCS 2024 and participate in a fireside chat with Alan Sandler, MD, ALX Oncology's Chief Medical Officer. Jason Lettmann, Chief Executive Officer at ALX Oncology, will provide opening and closing remarks, highlighting progress and upcoming milestones for the company's evorpacept clinical program.
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ASRT | Hot Stocks08:05 EST Assertio Holdings appoints Schwichtenberg as CTO, Pietrya as CCO - Assertio announced the creation of a new Transformation Office and the appointment of Paul Schwichtenberg as Chief Transformation Officer, CTO. Schwichtenberg currently serves as the company's Chief Commercial Officer and was previously CFO. In addition, Mary Pietryga will be appointed as Chief Commercial Officer, CCO, effective December 16, 2024, with responsibility for sales, marketing and commercial access, taking over from Schwichtenberg.
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NA $BTC | Hot Stocks08:05 EST Nano Labs says Bitcoin holdings exceed 360 BTC, valued at over $36M - Nano Labs announced that it has recently increased its Bitcoin holdings through the licensed virtual asset exchange HashKey Exchange in Hong Kong. As of December 12, the company holds a total of approximately 360 Bitcoins, with a current value of approximately $36.22M. The average acquisition cost of its Bitcoin holdings is approximately $99,700 per BTC, inclusive of transaction fees.
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IMRX | Hot Stocks08:04 EST Immuneering granted FDA Fast Track designation for IMM-1-104 - Immuneering announced that the U.S. Food and Drug Administration, FDA, has granted Fast Track designation for its lead clinical-stage program, IMM-1-104, as a treatment for patients with unresectable or metastatic NRAS-mutant melanoma who have progressed on or are intolerant to PD-1/PD-L1 based immune checkpoint inhibitors. IMM-1-104 is currently being evaluated in a Phase 2a clinical trial in patients with advanced solid tumors, including melanoma.
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MCOM | Hot Stocks08:04 EST Micromobility.com CEO Salvatore Palella steps down, Gian Luca Spriano succeeds - Micromobility announced a strategic leadership transition with the appointment of Gian Luca Spriano as CEO and member of the board of directors, effective December 9. Spriano succeeds Salvatore Palella, who has stepped down from his roles as CEO and director. Palella, the company's controlling shareholder, has no remaining executive or board position within the organization. Spriano has been with the company since July 2018, serving in roles including head of business development and most recently as CFO since December 2023.
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MFON | Hot Stocks08:04 EST Mobivity reports 'surge' in Connected Rewards adoption among convience chains - Mobivity Holdings announced a surge in adoption of its Connected Rewards technology among convenience chains during the fourth quarter of 2024. The rapid expansion underscores the positive results that drive increasing demand and sustained momentum for performance-driven customer engagement solutions across the convenience and fuel retail sectors. In just the past 45 days, Mobivity has seen a 60% increase in the number of convenience store retailers leveraging Connected Rewards to engage their customers. As of 2024, over 25,000 Convenience and Fuel locations nationwide participated in Connected Rewards. The platform is already a key driver of engagement for two of the top three U.S. oil and gas companies, where its proven success has established it as a cornerstone of its customer engagement strategies. "Convenience stores are leading the way in embracing the Connected Rewards platform, recognizing its unique ability to convert mobile gameplay into sustained in-store activity," said Kim Carlson, COO / CRO, Mobivity. "Creating native, omnichannel programs that can stand-alone or seamlessly integrate into any loyalty program provides a no-cost, plug-and-play solution to drive valuable and measurable marketing outcomes for retailers and brands."
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SMXT | Hot Stocks08:03 EST SolarMax signs MOU for 4-megawatt solar farm in Georgia - SolarMax Technology entered into a Memorandum of Understanding, MOU, with Sunelement Energy, a domestic manufacturer of solar panels, for the installation of a solar power and battery project in East Dublin, Georgia. The proposed project contemplates an electricity grid-connected photovoltaic solar power facility with a total capacity of approximately 40 megawatts, coupled with a battery energy storage system of 150 megawatt-hours. SolarMax is to provide the engineering, procurement, and construction ("EPC") services in connection with the construction of this project. These services will include all necessary permitting for the construction and operation of the solar power facility. The MOU does not provide any terms for the proposed agreement, which is subject to negotiation between the parties.
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RVNC | Hot Stocks08:03 EST Revance receives acquisition offer from Crown Laboratories for $3.10 per share - Revance announced that privately held Crown Laboratories has commenced a cash tender offer to acquire all outstanding shares of common stock of Revance at a price of $3.10 per share in cash. The tender offer is being made in connection with the merger agreement dated December 7. The Revance Board unanimously determined that the offer and the merger are advisable and in the best interest of Revance and its stockholders and recommends they tender their shares to Crown. The Revance Board engaged in a comprehensive review of a range of strategic alternatives and believed the certainty of value provided by the $3.10 cash offer was in the best interest of stockholders, especially when viewed against the risks and uncertainties associated with Revance's stand-alone strategy. The tender offer is scheduled to expire at one minute after 11:59 p.m., Eastern Time on January 13, 2025, unless extended. Consummation of the tender offer is subject to customary terms and conditions, including the tender of a number of shares of common stock of Revance which represents at least a majority of the voting power of Revance and the satisfaction of other customary closing conditions. Following the successful closing of the tender offer, Crown will acquire any shares of Revance that are not tendered in the tender offer through a second-step merger for the same consideration as paid in the tender offer.
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UAL AAPL | Hot Stocks08:02 EST United Airlines integrates Apple's new share item location feature for AirTag - United (UAL) announces the integration of Apple's (AAPL) new Share Item Location feature for AirTag into its mobile app, a move that's expected to drive a much-improved customer service experience for the fewer than 1% of customers whose bags arrive on a later flight. Now available with iOS 18.2, Apple's Share Item Location feature enables United customers everywhere who travel with an AirTag or Find My network accessory to privately, securely, and seamlessly share the accessory location with the airline's customer service team to help locate their luggage in the event that it is mishandled.
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PUBM | Hot Stocks08:02 EST PubMatic, GroupM expand partnership to boost Latin America market impact - GroupM and PubMatic, an independent technology company delivering digital advertising's supply chain of the future, are expanding their global partnership to enhance GroupM Premium Marketplace, a unified programmatic market aimed at increasing media buying transparency and efficiency, in the LATAM region. This move will provide GroupM clients with direct and advantaged access to PubMatic's high-quality publisher inventory.
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SGU | Hot Stocks08:01 EST Star Group to acquire home energy distributor for $68M - Star Group has entered into a definitive agreement to purchase a home energy distributor, located within the Company's existing operating footprint, for approximately $68M before working capital adjustments. Star anticipates closing on the transaction within the next 45 days, subject to compliance with governmental reporting requirements. Additional terms were not disclosed.
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JETMF | Hot Stocks07:58 EST Global Crossing Airlines enters joint venture wiith ATB Aviation Australia - Global Crossing Airlines Group has entered into a joint venture with ATB Aviation Australia to establish a new airline headquartered in Melbourne, Australia. Serving the Asia-Pacific region, a market with dynamic growth potential, the new airline will operate as a charter airline, offering both charter and ACMI services. This aviation model promises unmatched convenience for passengers and businesses across the APAC region. The charter and ACMI business models are widely recognized for efficiency, flexibility, and economic viability, particularly in comparison to traditional commercial airlines. Like its US counterpart, the new joint venture entity will provide both passenger and cargo transportation services to Australia and key Asian markets. The joint venture entity will fly a fleet of Airbus A320 family of aircraft following the successful completion of all regulatory and compliance requirements, including obtaining its initial application, approval, and obtaining an Australian Air Operator Certificate. Targeting a start of operations in late 2025, the new joint venture entity aims to expand its fleet to 10 aircraft within its first five years of operation.
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IMO | Hot Stocks07:58 EST Imperial Oil sees FY25 capital expenditures C$1.9B-C$2.1B - Sees FY25 upstream production 433,000-456,000 gross oil equivalent barrels per day. Sees FY25 downstream production 405,000-415,000 barrels per day. Imperial provided an update on its corporate guidance outlook for 2025. "Our 2025 plan builds on our momentum and positions the company to achieve even stronger operating performance with higher volumes and lower unit cash costs1 at Kearl and Cold Lake," said Brad Corson, chairman, president and chief executive officer. In the Downstream, a lighter turnaround schedule supports higher refinery throughput year-over-year, and start-up of the Strathcona Renewable Diesel project is expected to increase product sales. "Our strategic investments and continued focus on profitable volume growth, lowering costs and driving efficiencies have enhanced Imperial's ability to increase free cash flow1 over a range of business conditions," Corson added.
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J | Hot Stocks07:46 EST Jacobs awarded U.S. Army Corps of Engineers contract worth up to $249M - Jacobs was selected by the Omaha District of the U.S. Army Corps of Engineers to deliver architecture and engineering services through a multiple award task order contract to support USACE's Northwestern Division locations throughout the contiguous U.S., Alaska, Hawaii and outlying areas on various environmental projects. USACE values the total contract capacity at $249M. Jacobs' scope includes design and specialized environmental services such as comprehensive environmental response, Compensation and Liability Act and Resource Conservation and Recovery Act studies, environmental compliance, National Environmental Policy Act documentation, and services during remedial construction and more.
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FLYLF | Hot Stocks07:40 EST Flyht Aerospace extends software services agreement for Middle East customer - FLYHT Aerospace has signed a multi-year contract renewal to provide recurring software services for a military customer located in the Middle East. The renewed agreement will help the end customer to continue to improve flight operations and maximize its efficiency. The military customer is renewing a suite of software, voice and data services across its fleet of 23 C-130 Hercules aircraft. This includes FLYHTLog, FLYHTFollow, two-way text messaging and satcom voice. This contract renewal is valued at approximately $1.9M, provided that all services are delivered over the three-year term of the agreement.
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ALGT | Hot Stocks07:40 EST Allegiant Travel reports November 2024 total system passengers down 6.5% - Reports November scheduled service passengers down 6.9%, available seat miles, or ASM, down 1.7% at 1.11M and scheduled service load factor down 3.6 points to 80.2%. All metrics reported on a year-over-year basis. "As observed below and consistent with commentary from our Q3 earnings call, hurricanes Helene and Milton had an outsized impact on our business," stated Drew Wells, Chief Commercial Officer of Allegiant Travel Company. "Booking trends following the election continue to outpace our initial expectations," stated Drew Wells, Chief Commercial Officer. "Demand recovery to hurricane-impacted destinations has been faster than expected, with demand to most impacted regions returning to normal. Additionally, close-in holiday demand during November exceeded our expectations with TRASM performing on par with the prior year during the week of Thanksgiving. December capacity is expected to be up 17% year-over-year, and we are encouraged by the strength in bookings for the December holiday period, which are outpacing our initial expectations. Based on recent booking trends, we now expect Q4 TRASM to be down approximately 1.5% year-over-year on capacity growth of 1.8% for the quarter, versus our initial TRASM expectation of down 4.5% year-over-year."
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SGNLF | Hot Stocks07:38 EST Signal Gold, ANSMC sign Benefits Agreement for Goldboro project - Signal Gold and the Assembly of Nova Scotia Mi'kmaw Chiefs announced the signing of a Benefits Agreement for the Goldboro Project, located in in the historic Goldboro Gold District in Nova Scotia. The Benefits Agreement recognizes the asserted Aboriginal & Treaty Rights and Title of Mi'kmaq and reflects the commitment of Signal Gold to work collaboratively with Mi'kmaq of Nova Scotia regarding environmental and cultural priorities, as well as social and economic opportunities throughout the life of the Project. The Benefits Agreement will cover all phases of the Goldboro Project and outlines the economic, environmental, cultural, employment and other benefits to be provided to the Mi'kmaq of Nova Scotia. It reflects the commitment of the Mi'kmaq to protect and enhance the land and resource-based economy within its Traditional Territory and the collective desire of each party to pursue mutually beneficial social and economic opportunities while respecting the principles of environmental stewardship. The ANSMC is an unincorporated association consisting of 12 Mi'kmaw Chiefs from the Nova Scotia Mi'kmaw communities who work together on Nation-based matters. In July 2019, Signal Gold and the ANSMC announced the signing of a Memorandum of Understanding that would govern the process by which the parties would negotiate a Mutual Benefits Agreement regarding the Goldboro Project in Nova Scotia. The process was thorough and resulted in an agreement that pleased both the Company and the ANSMC. The Goldboro Project is a significant growth project subject to a positive Feasibility Study which demonstrates an approximately 11-year open pit life of mine with average gold production of 100,000 ounces per annum and an average diluted grade of 2.26 grams per tonne gold.
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TLRY | Hot Stocks07:37 EST Tilray's Good Supply launches new product lineup - Tilray Brands announced that its Good Supply cannabis brand is launching a new product lineup just in time for the holidays. Good Supply's latest innovations include: JUICED XTREME Resin Infused Pre-rolls: A New Kind of Elevation. Produced 100% in-house with Good Supply's hang-dried whole flower, the JUICED Xtreme pre-rolls feature a double infusion of full spectrum resin and naturally flavoured distillate. With its larger sized 0.6g cone, JUICED Xtreme offers a smoother, full spectrum entourage and delivers exceptional value with more cannabis content and higher THC per product than the existing JUICED collection. JUICED XTREME's first launch features two tropical blends produced from a full spectrum resin infusion and naturally flavoured distillate: Guava Sunrise: Free your mind with the infinite layers of guava and orange. Maui Mango: A taste of the tropics with every puff of mango and passion fruit notes. Good Supply's JUICED XTREME full spectrum resin infused pre-rolls are now available in multipacks of 3 x 0.6g at select retailers across Canada. 2g 510 Vapes: With bigger carts and bolder flavours, the 2g vapes reflect the latest trends among Canadian cannabis consumers seeking longer-lasting, innovative products. Offering up to 4x the fruity flavours of the original 1g carts, these 2g vapes also have double-distilled and double-filtered THC distillate for a total of 1,600mg of uniquely blended cannabinoids. Each 2g vape has 1,000mg THC1, 300mg CBG, and 300mg CBD - a first-of-its-kind combination for Good Supply. The vapes feature robust hardware with sustainable hemp-based mouthpieces and wider airflow designed for smoother sessions. Good Supply's first series of 2g 510 vapes features two key fruity flavours with another on its way later this winter: Peach Bum featuring a peach, fruity, decadent profile. Purple Monkey with grape, citrus, and fruity aromas. Blueberry Yum - coming soon. Monsters: 'The Grump' Holiday Limited-Edition Pre-rolls, Canada's powerful 1,000mg3 infused pre-roll returns. Packed into a hall-decking hybrid, present with festive packaging, Good Supply presents the second edition of its Grump Monster series.
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GXAI | Hot Stocks07:35 EST Gaxos.AI integrated Recraft AI into their AI solution - Gaxos.ai announced that the Company successfully integrated Recraft AI into their artificial intelligence solution for game developers and publishers, Gaxos Labs. "We are pleased to add another great tool into our Gaxos Labs ecosystem," said Vadim Mats, CEO of Gaxos. "Game development is a labor-intensive process and the addition of tools that make the process simpler advances our goal of being the all-in-one artificial intelligence solution for game developers and publishers."
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CDT | Hot Stocks07:34 EST Conduit Pharmaceuticals to enter agreement with SARBOR - Conduit Pharmaceuticals announced that it has entered into an agreement with SARBOR to leverage an advanced artificial intelligence and cybernetics platform to evaluate key deliverables across multiple areas of the Company's operations, including drug repurposing, drug discovery, solid-form identification, and clinical trial monitoring. By entering into this agreement with Sarborg, Conduit will address longstanding challenges in the pharmaceutical sector by seeking to reduce human error in critical decision-making processes including clinical development and asset identification. By integrating Sarborg's algorithmic AI and cybernetics technology, Conduit aims to enhance efficiency, lower costs, and accelerate timelines by minimizing human intervention, ultimately optimizing the drug development cycle and giving Conduit a significant competitive advantage.
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ELEV | Hot Stocks07:33 EST Elevation Oncology enters licensing agreement with Synaffix B.V. - Elevation Oncology announced that it has entered into a licensing agreement with Synaffix B.V. This licensing agreement gives Elevation Oncology global access to Synaffix's clinical stage, site-specific ADC technology platform, including GlycoConnect antibody conjugation technology, HydraSpace polar spacer technology, as well as the toxSYN linker-payload, SYNstatin E. The license granted to GlycoConnect and HydraSpace technologies is exclusive to HER3 as a single target in combination with SYNstatin E linker-payload.
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ZENA | Hot Stocks07:33 EST ZenaTech launches Quantum Computing project for traffic optimization, weather - ZenaTech announces the launch of a Quantum Computing project for traffic optimization and weather forecasting using the company's drones. The project, called Sky Traffic, was developed following interest received from a government client to use the company's ZenaDrone 1000 drones to monitor vehicle traffic.
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TRVI | Hot Stocks07:33 EST Trevi Therapeutics provides update on Phase 2b trial of Haduvio in IPF - Trevi Therapeutics announced the positive outcome from the planned sample size re-estimation for the ongoing Phase 2b CORAL trial in idiopathic pulmonary fibrosis, or IPF, patients with chronic cough, which requires no change to the current sample size for the trial. The trial has reached 75% of the targeted enrollment, and topline results from the full trial continue to be expected in the first half of 2025. The SSRE analysis was conducted on the highest dose - 108mg twice daily - in the trial after 50% of the initial targeted trial enrollment, or 80 patients, completed the six weeks of treatment. Based on the SSRE analysis, it was recommended that the CORAL trial should continue as planned to maintain the pre-specified conditional power of 80% or greater. The other two potential pre-specified outcomes of the SSRE analysis were an increase in the sample size or futility.
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SRM | Hot Stocks07:32 EST SRM Entertainment announces significant reorder of Sip With Me cups - SRM Entertainment announced a significant reorder of its popular Sip With Me cups from a premier marine life theme park in Abu Dhabi and the development of exclusive products for a year-round horror attraction in Las Vegas. These developments underscore SRM's growth and strategic expansion into new markets and product categories. "This reorder is a testament to the quality and appeal of our Sip With Me cups," said Rich Miller, CEO of SRM. "We are thrilled about our continued relationship with this world-class theme park and our contribution to their success."
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ELEV | Hot Stocks07:32 EST Elevation Oncology nominates EO-1022 as its HER3 ADC development candidate - Elevation Oncology announced the nomination of EO-1022 as its HER3 ADC development candidate. EO-1022 is currently progressing through preclinical development, and Elevation Oncology expects to file an investigational new drug application in 2026. HER3 is a protein expressed across several types of solid tumors, including breast cancer, EGFR-mutant non-small cell lung cancer and pancreatic cancer, and often associated with poor clinical outcomes. EO-1022 is a differentiated ADC containing seribantumab, an anti-HER3 monoclonal antibody, and a monomethyl auristatin E payload, with site-specific conjugation to the glycan. EO-1022 is being developed for the treatment of patients living with solid tumors that express HER3.
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KHTRF | Hot Stocks07:31 EST Knight Therapeutics announces regulatory approval of TAVALISSE in Mexico - Knight Therapeutics announced that its Mexican affiliate, Grupo Biotoscana de Especialidad, received regulatory approval from COFEPRIS for TAVALISSE for the treatment of thrombocytopenia in adult patients with chronic immune thrombocytopenia who have had an insufficient response to a previous treatment.
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MDCX | Hot Stocks07:31 EST Medicus Pharma announcs its INAD received MUMS from U.S. FDA - Medicus Pharma announces that its Investigational New Animal Drug, INAD, has received Minor Use in Major Species Designation, MUMS, from the U.S. Food and Drug Administration, FDA, for its dissolvable Doxorubin-containing microneedle array, D-MNA, to treat external squamous cell carcinoma, SCC, in horses. The company received a notification from the FDA on December 9th 2024.
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TECK | Hot Stocks07:29 EST Teck Resources, Grid Metals execute definitive option, joint venture agreement - Grid Metals has executed a definitive option and joint venture agreement with Teck Resources to explore and develop the Mawka nickel project in southeastern Manitoba, Canada. The Makwa nickel project sits on the southern arm of the Bird River Greenstone Belt approximately 145 km from Winnipeg, the provincial capital. The focus of the Agreement will be the discovery of a Tier 1 magmatic nickel-copper-PGM-cobalt deposit at Makwa. Grid will maintain its 100% interest and exploration program at Mayville Cu-Ni Property located 30km to the north of Makwa. The Agreement grants Teck a two-stage option to acquire up to a 70% interest in Makwa by funding cumulative expenditures of C$15,700,000 and making staged cash payments of C$1,600,000 to Grid. Teck's minimum commitment under the agreement is the initial C$400,000 cash payment. Following completion of additional geophysical surveying, Teck would be committed to funding C$450,000 of minimum expenditures. The Agreement is subject to TSX-V approval. Key Project Milestones at the Makwa Project include: The recent consolidation of the known nickel copper sulfide occurrences and deposits at Makwa; The delineation of a pit-constrained nickel sulfide resource at the former Makwa mine site announced in 2024; A recent exploration agreement and ongoing collaboration with the Sagkeeng First Nation on whose ancestral lands the Makwa Project is situated Grid assembling of a base metals technical team led by Dave Peck, P. Geo., who was instrumental in positioning the project to attract a partner like Teck. Transaction Terms Pursuant to the Agreement, Teck has the options to acquire up to an 70% interest in the Makwa nickel property. Teck may exercise the first option by making an aggregate of C$600,000 in cash payments, including a firm commitment of C$400,000, and incurring an aggregate of C$5,700,000 in exploration expenditures over four years. Upon completion of the First Option requirements above and delivery of notice thereof to Grid, Teck would have exercised the First Option, and the Property would be owned by Teck as to 51% and Grid as to 49%. If Teck exercises the First Option, Teck will have a further sole and exclusive option to acquire an additional 19% interest in the Property. Teck may exercise the Second Option by incurring a further C$10,000,000 in exploration expenditures over a period of three years commencing on the date of the First Option Exercise Notice and making a payment of C$1,000,000 in cash or, at Teck's election and subject to TSX-V approval, through a subscription for Grid shares priced at a 25% premium per share to the preceding 20-day volume weighted average price per share. Provided that Teck exercises the First Option, a contractual joint venture will be formed between Grid and Teck. Thereafter, each Party would fund its pro-rata share of future expenditures on the Property or incur dilution. For a period of six months following the formation of the Joint Venture, Grid may elect to defer the contributions required to fund its pro-rata share of expenditures, for which Teck would agree to temporarily contribute in lieu. Should Grid elect to defer contributions during the Initial Period, Grid would have until twelve months after the formation of the Joint Venture to reimburse Teck for the Grid Deferrals, otherwise Grid would incur proportionate dilution. The party with the majority interest shall be the "Operator" of the Joint Venture, and each party would control their pro-rata share of offtake from the Property. If a party's interest in the Property is diluted below 10%, its interest would be converted to a 1.5% NSR royalty on the Property, of which 0.75% could be bought back by the royalty payor at any time for a cash payment of C$2,000,000. Of the remaining 0.75% NSR royalty on those claims held by Gossan, 0.5% could be bought back by the royalty payor at any time for a cash payment of C$2,000,000.
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TRNR | Hot Stocks07:25 EST Interactive Strength enters LOI to acquire connected-fitness equipment company - Interactive Strength announced that the company has signed a non-binding letter of intent and exclusivity agreement to acquire a connected-fitness equipment company. The proposed transaction is expected to close as early as the first quarter of 2025 and be accretive to TRNR's financial results. The company said, "We are extremely excited by today's news that we've signed a non-binding letter of intent and exclusivity agreement to potentially acquire our first scaled, and profitable, health & wellness business. The possible acquisition is transformative, and we expect it to provide us the necessary scale to achieve profitability in 2025. The target's current shareholders aren't taking any chips off the table, choosing to become and remain long-term shareholders of TRNR. This underscores the value both parties see in the combined business. We'll be sharing increasing amounts of detail on this latest acquisition target as we move towards closing on the potential deal. For now, shareholders should focus on the following: WHY WE ARE PURSUING OUR SECOND ACQUISITION IN A YEAR: The target company fits with our strategy of using our public listing to make accretive acquisitions of profitable and high-growth businesses in the highly-fragmented health & wellness market globally. The target company is still founder-led, has been in business for more than a decade and has never raised external capital. The target is now ready for the next phase of growth, which TRNR is well-positioned to accelerate given our public listing and distribution. At more than $40 million in annual revenues, and profitable, the potential acquisition would drive a step-change for both the top and bottom lines of TRNR. The valuation being paid is primarily based on future multi-year performance of the target, which protects the TRNR shareholders and should ensure an attractive earnings multiple. There is no cash consideration expected to be paid to the shareholders of the target, and they are exchanging all of their equity to become long-term shareholders in the combined company. It is expected that the acquisition can close without a capital raise or financing contingency. The target company complements TRNR's existing brand and product footprint extremely well, expanding and differentiating the assortment of equipment and training options we can offer both businesses and consumers globally. WHY THIS GROWTH STRATEGY MAKES SENSE: The global health & wellness market is massive but fragmented - and constantly evolving for both consumers and businesses. This large market size and strong growth is expected to be a constant tailwind for TRNR as it is clear an increasing number of consumers are seeking to address health and longevity and we expect to be exposed to many different facets of the wellness market. This is why TRNR's goal is to assemble a collection of opportunities for investors to capture the benefit of the underlying trends while meditating against downside risks via a portfolio approach. This includes both B2B and DTC sales channels. Consumers will continue to spend on health and wellness, but companies are equally expected to continue to represent a key purchasing pool. This also includes a broader definition of fitness/wellness. As the number of offerings increases, buyers and investors alike benefit from TRNR's differentiated assortment. More specifically, TRNR intends to intercept subscale, high-potential businesses before their multiples expand. It is estimated that there are more than 400 Gym & Exercise equipment manufacturers in the US alone. According to the FDA, there are roughly 4,000 brands selling into the supplement space. Even in newly-popular, hyper-specific categories there are multiple companies: there are at least a dozen infrared sauna brands available in the US, and the "cold plunge tub" category already has its own US market studies. The clear takeaway: in the US alone, there are a huge number of companies, spread a huge number of health and fitness categories - the majority of which, by definition, are subscale - available for an informed buyer to consider for possible acquisition. In summary, both the completed CLMBR acquisition and the potential acquisition related to today's Letter of Intent reflect our belief that we will be able to increase shareholder value via strategic transactions, through a combination of operational knowledge and a highly aligned incentive structure between target business owners and TRNR shareholders."
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BHC BLCO | Hot Stocks07:22 EST Bausch Health says Bausch + Lomb sale exploration process 'ongoing' - Bausch Health Companies (BHC) issued the following statement in response to a request from the Canadian Investment Regulatory Organization: "As previously disclosed, the Company believes that completing the full separation of its subsidiary, Bausch + Lomb Corporation (BLCO) makes strategic sense. The Bausch Health Board of Directors authorized management and management of its subsidiary, Bausch + Lomb, to explore a potential sale, which is one of several options being considered to complete the separation. That process is ongoing. No decision has been reached to proceed with any particular transaction, and there can be no assurance that it will result in a transaction. While the Company normally would not comment on deal negotiations, CIRO requested confirmation of a potential sale process given stock volatility often associated with market rumors. Bausch Health does not intend to provide additional detail until further disclosure is appropriate or necessary."
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MCHP | Hot Stocks07:20 EST Microchip releases PolarFire FPGA, SoC solution stacks with new offerings - Microchip Technology has released PolarFire FPGA and SoC solution stacks for smart robotics and medical imaging. These new releases build upon Microchip's smart embedded vision, industrial edge and intelligent edge communications stacks already available. The solution stacks include firmware and IP cores for AI-assisted 4K60 computer vision, a diverse set of ready-to-use sensor and camera interfaces and integrated hardware for high-speed Ethernet protocols. Real-time ROS-2 compatible cores facilitate robotics tasks for perception and coordinate transformation. The stacks offer time-sensitive industrial networking protocols for OPC/UA, rich operating systems support and asymmetric processing commonly used in industrial automation. Software design kits allow for a high-level of customization and support diverse development environments centered around C/C++, RTL and popular machine learning frameworks, including the SmartHLS IDE, VectorBlox Accelerator SDK and the and Libero SoC Design Suite which has been certified for applications needing IEC61503 SIL 3 functional safety. The solution stacks bring together the industry's most power-efficient and secure mid-range PolarFire FPGAs and PolarFire SoC FPGAs, a rich mix of hardware and software solutions with cyber security protections that allow system designers the freedom to innovate in medical imaging and robotics applications.
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FURY | Hot Stocks07:15 EST Fury Gold Mines announces 2025 exploration outlook - With C$2.5 million in flow-through funding in the treasury, Fury will commence its 2025 exploration season with a 3,000 - 5,000 m diamond drilling program at the Eleonore South gold project in Quebec. This program will focus on six robust geochemical targets across over 3 kilometres of prospective folded sedimentary stratigraphy. These six targets encompass multi-point biogeochemical gold anomalies and correlate with pathfinder elements, most notably arsenic which is associated with gold mineralization at the Eleonore Mine. Fury will announce the remainder of its exploration plans for the year in the coming weeks and months.
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FURY | Hot Stocks07:14 EST Fury Gold Mines highlights 2024 milestones - Fury Gold Mines reviewed the Company's corporate and exploration achievements from the last 12 months. Fury had an active 2024, acquiring 100% interest in the Eleonore South project; announcing an increased Mineral Resource Estimate at the Eau Claire project, adding 307Koz gold in the Measured and Indicated category and 223koz Au in the Inferred category; drilling a new discovery at the Serendipity Prospect, intercepting 12.16 g/t Au over 3 metres; and ending the year in a position of financial strength with C$5 million in the treasury and 51 million common shares of Dolly Varden Silver. Fury's top milestones and achievements of 2024 include: Strategic Project Acquisition: The Company consolidated ownership to 100% at the Eleonore South project by purchasing Newmont's 49.978% interest for C$3 million and Newmont's 30 million shares of Sirios for C$1.3 million. This acquisition provides full control of a project that represents significant potential for new discovery and is also strategically positioned near Newmont's Eleonore Mine.Increased Mineral Resource Estimate at Eau Claire: Fury announced an updated Mineral Resource Estimate at the Eau Claire project in Quebec, adding 307Koz Au in the Measured and Indicated category and 223koz Au in the Inferred category. The new combined open pit and underground mineral resource is now 1.16Moz gold at a grade of 5.64 g/t Au in the Measured and Indicated category as well as an additional 723koz gold at a grade of 4.13 g/t Au in the Inferred Category. Successful Drill Programs and New Discovery at Serendipity: At the Eleonore South project, Fury completed a 2300 m drill program in seven holes focused on the JT - Moni trend, intercepting anomalous gold mineralization in all seven holes. Later in the year, the Company drilled a new discovery at the greenfield Serendipity Prospect on the Eau Claire project, intercepting 12.16 g/t gold over 3.0 m. This new discovery continues to demonstrate that the targeting techniques of Fury's technical team are effective and show a pathway to new discoveries on the Eau Claire property. Numerous Highly Prospective Targets Identified: Fury has created a pipeline of targets for potential drilling in 2025 at the Eleonore South, Eau Claire, and Committee Bay projects. At Eleonore South this includes six priority drill targets at the highly prospective Eleonore Mine style anomaly. At Eau Claire, there are over a dozen gold and multi-element geochemical anomalies along the Cannard Deformation Zone and Hashimoto Deformation Zone. Finally, at Committee Bay, three drill-ready shear zone hosted targets have been identified at Three Bluffs, Raven, and Burro West. Financial Strength: The Company will end the year with C$5 million in the treasury and 51 million common shares of Dolly Varden Silver, strengthening Fury's financial position and funding further exploration at its Canadian projects. Responsible Mining: Fury obtained a UL ECOLOGO certification, a third-party environmental certification that confirms the Company's commitment to sustainability and reduced environmental impact. Additionally, Fury conducted a third annual Digbee ESG Certification, an independent ESG evaluation that continues to validate the Company's existing ESG engagement and strategy. Fury, in partnership with the Cree Hunters Economic Security Board and 15 other mining and exploration companies, contributed to a voluntary fund totaling C$750,000 for the Reconstruction Initiative Forest Fires Fund 2023. This initiative aims to support the rebuilding of cabins destroyed by the 2023 wildfires in the Eeyou Istchee James Bay territory of Quebec.
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ABXXF | Hot Stocks07:13 EST Abaxx Technologies opens offices in Hong Kong, Beijing - Abaxx Technologies announced it has officially opened representative offices of Abaxx Technologies Inc. in Hong Kong and Beijing as part of its efforts to expand brand awareness throughout the region. "Our new offices in Hong Kong and Beijing represent a significant step in our mission to engage with the world's largest commodities market," said Josh Crumb, CEO of Abaxx. "These offices will strengthen our relationships with market participants in the region and advance smarter markets through meaningful industry engagement and education."
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ZNTL | Hot Stocks07:11 EST Zentalis appoints Chang as CPO, Wang as CBO - Zentalis Pharmaceuticals announced the appointment of Wendy Chang as Chief People Officer, CPO, and Haibo Wang as Chief Business Officer, CBO. Chang was previously Chief People Officer at Harpoon Therapeutics. Wang most recently served as Senior Vice President of Business Development at Harpoon Therapeutics
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RIO | Hot Stocks07:11 EST Rio Tinto to invest $2.5B to expand Rincon project in Argentina - Rio Tinto has approved $2.5B to expand the Rincon project in Argentina, the company's first commercial scale lithium operation. Rincon's capacity of 60,000 tons of battery grade lithium carbonate per year is comprised of the 3,000-ton starter plant and 57,000-ton expansion plant. Rincon's mine life is expected to be 40 years, with construction of the expanded plant scheduled to begin in mid-2025, subject to permitting. First production is expected in 2028 followed by a three-year ramp up to full capacity, generating job creation and economic opportunities for local businesses.
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ODV | Hot Stocks07:10 EST Osisko receives Environmental Management Act permit for Cariboo project - Osisko Development announces the granting of the Environmental Management Act permits for its 100%-owned Cariboo Gold Project located in central British Columbia, BC, Canada. Together with the BC Mines Act permits secured on November 20, 2024, these approvals mark the successful completion of the permitting process for key approvals, solidifying the Cariboo Gold Project's shovel-ready status.
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CRVO | Hot Stocks07:09 EST CervoMed announces inducement grants under Nasdaq lisitng rule - CervoMed has granted equity awards as a material inducement to the employment of two new employees. On December 6, 2024, the Company granted options to purchase an aggregate of 14,753 shares of common stock to two new employees. Each option has an exercise price of $11.91, the closing price of the Company's common stock on the grant date, and each will vest in 36 equal installments on the last day of each month over a three-year period, subject to the employee's continued employment with the Company on each such date. The awards were approved by the Compensation Committee of the Company's Board of Directors as an inducement material to each new employee entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).
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BLCO | Hot Stocks07:09 EST Bausch + Lomb responds to rumors of potential sale - Bausch + Lomb issued the following statement in response to a request from the Canadian Investment Regulatory Organization, or CIRO: "The Bausch + Lomb Board of Directors authorized management and its advisors to explore a potential sale, which is one of several options being explored to complete a full separation from Bausch Health Companies Inc. That process is ongoing, and there can be no assurance that it will result in a transaction. While the company normally would not comment on deal negotiations, CIRO requested confirmation of a potential sale process given stock volatility often associated with market rumors. Bausch + Lomb does not intend to provide additional detail until further disclosure is appropriate or necessary."
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GUTS | Hot Stocks07:09 EST Fractyl Health to present new data on Rejuva Smart GLP-1 program - Fractyl Health will present new data from its preclinical Rejuva Smart GLP-1 pancreatic gene therapy program in a poster titled "Feasibility and Safety of Novel Endoscopic Ultrasound-Guided Delivery of Human GLP-1 Pancreatic Gene Therapy in Pigs" at the 22nd World Congress Insulin Resistance, Diabetes & Cardiovascular Disease, WCIRDC. At Day 34 post-procedure pancreatic biopsies showed that active GLP-1 protein expression capacity within pancreatic islets was greatly enhanced. RJVA-001 achieved therapeutically relevant GLP-1 expression levels based on observations in disease models and were five times higher in treated than untreated animals. These results demonstrate the potential of RJVA-001 to dramatically enhance GLP-1 production capacity to therapeutically relevant levels without any observed adverse safety signals.
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XTRAF | Hot Stocks07:08 EST Xtract One selected by Bowie State University for campus security - Xtract One announced its SmartGateway has been selected by Bowie State University, located in Bowie, Maryland, to enhance safety across campus, including at athletic facilities and on-campus housing. The initial deployment, which took place this fall, was made possible through Xtract One's partnership with Core Secure a security solutions integrator and hardware provider.
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TLRY | Hot Stocks07:08 EST Tilray Alternative Beverages unveils Herb & Bloom Delta-9 THC beverages - Tilray Brands to present the official launch of Herb & Bloom, a line of ready-to-drink, non-alcoholic, effervescent beverages that are cocktail-inspired. Herb & Bloom's initial launch of beverages are infused with 5mg of carefully sourced natural hemp-derived Delta-9 THC. Herb & Bloom's Art Deco design reflects timeless sophistication. Its stylish and elegant collection is designed to evoke the art and golden age of cocktails. Herb & Bloom's visual aesthetic is only the start. Inside each can is a harmonious blend of refreshing fruit flavors creating a smooth and balanced drinking experience. The initial launch features three re-imagined classic flavors for any occasion, including: Herb & Bloom Non-Alcoholic Margarita: This exquisite blend captures the essence of bright citrus notes, perfectly balanced with a hint of sweetness. Personalize your drink by garnishing with an herbal twist-try a sprig of fresh mint, basil, rosemary, or any herb to enhance the aromatic appeal. Herb & Bloom Non-Alcoholic Strawberry Daiquiri: A refined take on an old-school classic, this concoction is rich with ripe juicy strawberry flavor. Add a sugar rim to complement the fruity notes for an extra touch of indulgence. Herb & Bloom Non-Alcoholic Peach Bellini: Savor the luscious, sweet peach flavor with this refreshing Bellini. Garnish with fresh fruit or edible flowers for an added hint of sophistication and visual appeal. Later this season, the brand will be launching additional 10mg options in select markets, expanding its line of timeless non-alcoholic beverages.
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MET | Hot Stocks07:08 EST MetLife announces five-year growth strategy at investor day - MetLife will host its previously announced investor day in New York City. At the investor day, MetLife senior executives and other senior leaders will introduce the company's five-year growth strategy, New Frontier, that is designed to support consistent delivery of: double-digit adjusted earnings per share growth; 15%-17% adjusted return on equity; a 100-basis-point reduction in direct expense ratio target and free cash flow of $25B.
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CIEN | Hot Stocks07:07 EST Ciena appoints Lawton Fitt as independent Chair - Ciena announced the appointment of Lawton W. Fitt as independent Chair of Ciena's Board of Directors, effective December 11, . Concurrently, Patrick H. Nettles, Ph.D., stepped down as Executive Chair, in connection with his decision not to stand for re-election at the end of his term at Ciena's 2025 Annual Meeting of Stockholders, at which time he will retire. Dr. Nettles will continue in his role as a member of Ciena's Board of Directors until that time and provide support to Ms. Fitt in her transition. Lawton W. Fitt brings significant professional experience as well as a deep familiarity with Ciena's strategy, business, and technology. She has served as a Director of Ciena since November 2000, and as chair of Ciena's Audit Committee from October 2004 through the end of December 2024. From October 2002 to March 2005, Ms. Fitt served as Director of the Royal Academy of Arts in London. From 1979 to October 2002, Ms. Fitt was an investment banker with Goldman Sachs & Co., where she was a partner from 1994, and a managing director from 1996 to October 2002. Ms. Fitt holds a bachelor of arts degree from Brown University and a M.B.A. degree from the Darden School of Business at the University of Virginia. She also currently serves on the board of directors of The Carlyle Group, L.P. and The Progressive Corporation, and previously of Thomson Reuters.
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CSIQ | Hot Stocks07:07 EST Canadian Solar executes three agreements with Sunraycer in Texas - Canadian Solar has executed three agreements with Sunraycer Renewables, an Annapolis, Maryland-based renewable energy platform. These include battery energy storage supply and commissioning agreements for two projects in Texas, as well as the purchase of up to 2 GWp of high-efficiency solar modules for various Sunraycer projects. Under the agreements, e-STORAGE, Canadian Solar's subsidiary specializing in the design, manufacturing, and integration of battery energy storage systems, will deliver 188 MWh DC to the Gaia project, located in Navarro County, and the 127 MWh DC Midpoint project in Hill County. Commissioning is scheduled for Q3 2025 for both projects. Sunraycer's various upcoming projects will deploy up to 2 GWp of Canadian Solar's latest high-efficiency solar modules, with power outputs of up to 725 Wp.
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NSPR | Hot Stocks07:07 EST InspireMD announces expected retirement of CFO Shore, transition in 2025 - InspireMD announced that Craig Shore, Chief Financial Officer, has decided to retire from the Company after a successor CFO is identified and appointed. Shore will remain as CFO until his successor is appointed and will assist in a smooth and orderly transition. The Company has initiated a search to identify its next Chief Financial Officer.
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ELTX | Hot Stocks07:06 EST Elicio Therapeutics presents updated results from ELI-002 Phase 1 study - Elicio Therapeutics presented updated results from the Phase 1 AMPLIFY-201 clinical trial of ELI-002, an Amphiphile, AMP, cancer vaccine that targets KRAS-mutant tumors, at the ESMO Immuno-Oncology Congress 2024 in Geneva, Switzerland. ELI-002 was evaluated in individuals with mutant KRAS-driven colorectal or pancreatic cancer with residual circulating tumor DNA and/or serum tumor biomarkers, who remain at high risk of disease recurrence following standard locoregional treatment. Key observations include: A 16.3-month mRFS and 28.9-month mOS for the full study cohort; mRFS has not yet been reached in patients with above-median T cell responses; patients who achieved below-median T cell responses achieved a 4.0-month mRFS; Similar mRFS was observed between the PDAC subgroup, the CRC subgroup and the full study cohort; 28.9-month mOS was identical for the PDAC subgroup and the full study cohort, comparing favorably to a historical PDAC control group, mOS was not reached in the CRC subgroup; Ex vivo expansion of mKRAS-specific T cells with concomitant tumor biomarker reductions in most patients; ELI-002 2P was well-tolerated, with no Grade 3/4 treatment-emergent adverse events, dose-limiting toxicities or cases of cytokine release syndrome observed
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BLNK | Hot Stocks07:05 EST Kings College NHS Trust selects Blink Charging to install EV chargers - Blink Charging UK announced the Company has been awarded a three-year contract to install, maintain and manage 41 electric vehicle chargers and contactless payment terminals at Kings College NHS Trust's flagship Princess Royal University Hospital. Beginning May 2025, hospital patients, visitors, and staff will be able to charge their EVs quickly and easily at one of 41 new charging bays and pay seamlessly using one of the new 21 contactless payment terminals. In the project's first phase, Blink UK will install new chargers in the hospital car park, with 35 located on the ground floor and six on the first floor. The new chargers are one of a new generation of vehicle-to-grid chargers designed to boost the development and efficiency of an EV charging infrastructure. 21 contactless payment terminals will also be installed at convenient points in the car park and nearby areas, to allow hassle-free payment.
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GAMB | Hot Stocks07:05 EST Gambling.com to acquire Odds Holdings for $80M upfront - Gambling.com announced it entered into a definitive agreement to acquire Odds Holdings, the parent company of OddsJam. Under the terms of the agreement, Odds Holdings stockholders will receive initial consideration of $80M and may receive up to an additional $80M based on Odds Holdings' business performance through the end of 2026. Gambling.com Group's acquisition of Odds Holdings further expands the company's online gambling industry footprint, adding complementary recurring revenue from new and existing users and partners. The initial $80M purchase consideration will be comprised of $70M in cash and $10M in Gambling.com Group ordinary shares. The company expects to fund the $70M cash payment from borrowings under the company's expanded credit facility, as described below. In order to fully achieve the additional $80M in contingent consideration, adjusted EBITDA derived from the Odds Holdings assets needs to at least double for the full year 2026 period compared to 2024. Entirely at the company's discretion, Gambling.com Group has the ability to settle up to 50% of any of the contingent consideration payments in the company's ordinary shares. In conjunction with the transaction, the company entered into a debt financing commitment letter with Wells Fargo Bank, National Association and Wells Fargo Securities, which have committed to arrange and provide a senior secured term loan and revolving credit facility of at least $100M pursuant to an amendment to its existing credit agreement.
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ALTR GIB | Hot Stocks07:04 EST Altair partnering with CGI for IT and AI innovation - Altair (ALTR) has announced a partnership with CGI (GIB) to accelerate IT modernization and digital transformation for organizations globally. Altair's software capabilities, complemented by CGI's business and strategic IT consulting expertise - including in the responsible use of AI - will aim to enable clients to navigate complex IT landscapes and legacy systems. Leveraging the Altair RapidMiner platform to accelerate the adoption of cutting-edge AI solutions, clients will enhance operational efficiencies and business outcomes in industries like finance, healthcare, hospitality, and retail.
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LEE | Hot Stocks07:04 EST Lee Enterprises sees FY25 total digital revenue growth 7%-10% year-over-year - Sees FY25 adjusted EBITDA growth in low-single digits year-over-year. "As we look ahead to FY25, we remain confident in the strength of our core strategy and the opportunities it presents. We are uniquely positioned to lead the growth of local advertising driven by advancements in AI. With our vast library of hyper-local content and strong relationships with over 25,000 local advertisers, we have an unparalleled foundation to capitalize on this shift. Through strategic partnerships with leading AI and technology companies, like Perplexity and ProRata.ai, that were recently announced, we aim to scale rapidly and further solidify our dominant position in the local market, unlocking new growth opportunities and delivering enhanced value to our stakeholders," said CEO Kevin Mowbray.
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AER BA | Hot Stocks07:04 EST AerCap signs lease agreements for two Boeing 737 aircraft with Aloula Aviation - AerCap Holdings (AER) announced it has signed lease agreements for two Boeing (BA) 737-800 aircraft. The aircraft will be operated by Mukamalah Aviation Company, a wholly owned subsidiary of Aramco, operating under the brand name "Aloula Aviation," for the transportation of Aramco Group passengers in Saudi Arabia. The Aramco Group has been a long-time customer of AerCap through its helicopter business, Milestone Aviation, which is a leading provider of leased and financed helicopters
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DPZ | Hot Stocks07:02 EST Domino's Pizza to transfer stock exchange listing to Nasdaq from NYSE - Domino's Pizza announced that it will voluntarily transfer its stock exchange listing to the Nasdaq Global Select Market from the New York Stock Exchange, effective December 31, after market close. Domino's common stock is expected to begin trading as a Nasdaq-listed security on January 2, 2025. The company will retain its current ticker symbol "DPZ."
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TECH | Hot Stocks07:01 EST Bio-Techne signs distribution agreement with MedSanTek in Turkey - Bio-Techne announced a partnership with MedSanTek. Under the agreement, MedSanTek becomes the distributor of Bio-Techne's R&D Systems, Novus, Tocris, Protein Simple, Advanced Cell Diagnostics, and Asuragen brands across Turkey. Founded in the late 2000s, MedSanTek is a leading in vitro diagnostics and research products distributor, serving Turkey and Azerbaijan. The company provides solutions in molecular biology, immunology, cancer research, cell therapy, and more.
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SU | Hot Stocks06:58 EST Suncor sees FY25 annual upstream production 810,000-840,000 bbls/d - Suncor Energy released its 2025 corporate guidance including growing annual upstream production to 810,000 to 840,000 bbls/d as well as increased annual refining utilization of 93% to 97%, both reflecting the sustainability of the higher performance achieved throughout 2024. Suncor's upstream production increase is consistent with the plan presented at its Investor Day earlier this year and builds on the tangible improvements to free funds flow growth achieved in 2024, which are ahead of target. Upstream production reflects planned turnaround and maintenance activities during the year; including a 91-day outage at Base Plant Upgrader 1 for the coke drum replacement project. Downstream utilization also reflects the impact of planned turnarounds at the Edmonton and Sarnia refineries totaling 58 and 40 days, respectively.
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SAH | Hot Stocks06:56 EST Sonic Automotive acquires Audi New Orleans, terms undisclosed - Sonic Automotive announced the recent acquisition of Audi New Orleans, located in Metairie, Louisiana, serving the greater New Orleans area. The acquisition of Audi New Orleans complements the company's diverse portfolio of automotive brands. This marks Sonic Automotive's 10th Audi dealership and its first franchise automotive dealership in Louisiana. The acquisition of Audi New Orleans brings the company's franchise automotive dealership portfolio to 108 locations nationwide.
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OLN | Hot Stocks06:51 EST Olin increases share repurchase program to $2B - Olin will host an investor day in New York City, beginning at 9:00am. The event is expected to conclude at approximately 12:00pm. "We are excited to provide the investment community with an update on our core businesses and go-forward strategy to optimize and grow the core through self-help initiatives and low-capital growth projects. We continue to safely and reliably deliver essential materials to customers and deliver higher returns to shareholders through our leading market positions, value-first commercial approach, and disciplined capital allocation framework," said Ken Lane, Olin's President and CEO. "Additionally, we are pleased to announce that our Board of Directors has authorized a new share repurchase program ("2024 Share Repurchase Program"), increasing our authorization to $2.0 billion and emphasizing their continued confidence in Olin's earnings potential and cash flow generation." Under the new $1.3B share repurchase program approved by Olin's board of directors, shares of the company's common stock may be repurchased periodically, including in the open market, or privately negotiated transactions. The actual timing, manner, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Olin's common stock, general market and economic conditions, applicable requirements, and other business considerations. The 2024 share repurchase program has no time limit and does not obligate the company to acquire any particular amount of shares of the company's common stock.
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SRFM | Hot Stocks06:49 EST Surf Air Mobility anticipates 90% reduction in future equity dilution - Surf Air Mobility anticipates reducing potential future equity dilution by approximately 90%. As part of its new financing strategy, with increased reliance on debt versus equity financing, the company plans to amend the registration statement associated with its share subscription facility with GEM Global Yield. The anticipated amendment, which will require SEC review, will reflect the company's plan to significantly reduce its use of the equity backed GEM facility by reducing the number of shares registered by approximately 35.6 million shares. This follows Surf Air's $50M term loan, which enables the company to continue to execute on its Transformation Plan without the need for the company to draw significant funds from the GEM facility in the near term. The amended registration statement is expected to reflect the company's intention to access no more than $15M in 2025 under the GEM facility going forward which, at current prices, represents approximately 4.4 million shares. The reduction of approximately 35.6 million shares that the company would potentially issue under the GEM facility is equivalent to an approximate 90% reduction in potential dilution. The company has also strengthened its balance sheet and as a result, the company has a substantially reduced cash burn. During 2025 the company intends to exit unprofitable flight routes, deploy four recently acquired new aircraft to more efficiently service certain routes, address maintenance backlogs, and leverage its SurfOS software platform to drive efficiencies. The company expects that revenue in 2025 will still exceed $100M. Also, the company expects that it will achieve profitability in its airline operations in 2025.
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PHX | Hot Stocks06:48 EST PHX Minerals announces process to evaluate strategic alternatives - PHX Minerals announced that its board of directors has agreed to initiate a process to evaluate certain strategic alternatives to maximize shareholder value, including a potential merger or sale of the company. RBC Capital Markets has been retained as financial advisor to assist in the review process.
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STN | Hot Stocks06:47 EST Stantec chosen to support Toronto's Gardiner Expressway Rehabilitation Section 4 - Stantec has been selected by the City of Toronto for Owner's Engineer/Technical Advisory Services for the delivery of the F.G. Gardiner Expressway Rehabilitation Project Section 4. Stantec will provide multidisciplinary engineering consulting services through planning and preliminary design, procurement, design-build, and post construction. Early in 2024, Stantec announced its acquisition of Morrison Hershfield, which doubled its transportation staff in Ontario and strengthened its presence in the Greater Toronto Area.
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AEM | Hot Stocks06:37 EST Agnico Eagle to acquire O3 Mining at C$1.67 per common share in cash - Agnico Eagle announced that they have entered into a definitive support agreement, pursuant to which Agnico Eagle has agreed to offer to acquire, directly or indirectly, all of the outstanding common shares of O3 Mining at C$1.67 per common share in cash by way of a take-over bid. The offer is valued at approximately C$204M on a fully diluted in-the-money basis. The offer price of C$1.67 per common share represents a premium of 57% to the volume weighted average price of the common shares on the TSX Venture Exchange for the 20-day period ended December 11. O3 Mining's primary asset is its 100%-owned Marban Alliance property located near Val d'Or, in the Abitibi region of Quebec, and is adjacent to Agnico Eagle's Canadian Malartic complex. The Marban Alliance property includes the Marban deposit, which is an advanced exploration project that could support an open pit mining operation similar to Agnico Eagle's Barnat open pit operations at the Canadian Malartic complex. O3 Mining has estimated that the Marban pit contains 52.4M tons of indicated mineral resources grading 1.03 g/t gold for 1.7M ounces of gold and 1M tons of inferred mineral resources grading 0.97 g/t gold for 32,000 ounces of gold. O3 Mining also owns 100% of the Alpha property and 100% of the Kinebik property. The potential integration of the Marban Alliance property to the Canadian Malartic land package will create significant and unique synergies by leveraging Agnico Eagle's regional operational expertise and existing infrastructure, including the Canadian Malartic mill and existing open pit workforce and equipment fleet. Agnico Eagle, through a wholly-owned subsidiary, Agnico Eagle Abitibi Acquisition Corp., intends to formally commence the offer by mailing a take-over bid circular to O3 Mining shareholders on or about December 19 and O3 Mining's directors' circular is also expected to be mailed to O3 Mining shareholders on or about that date. The offer will be open for acceptance for a minimum of 35 days following the date of commencement. Accordingly, the offer will be open for acceptance until 5:00 p.m. on January 23, 2025. The offer is conditional upon, among other conditions, there having been deposited pursuant to the offer and not withdrawn at the expiry of the initial deposit period not less than two-thirds of the common shares then outstanding, excluding the common shares beneficially owned, or over which control or direction is exercised, by Agnico Eagle and any person acting jointly or in concert with Agnico Eagle. Agnico Eagle owns 906,238 common shares, representing approximately 0.8% of the outstanding common shares on a basic basis, and holds 270,000 warrants to purchase common shares and a senior unsecured convertible debenture of O3 Mining in the principal amount of C$10M that is convertible into 4,878,049 common shares at a price equal to C$2.05 per common share. Upon the exercise of such warrants and conversion of the convertible debenture, Agnico Eagle would own 6,054,287 common shares, representing approximately 5.3% of the outstanding common shares on a partially-diluted basis.
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XPRO PBR | Hot Stocks06:33 EST Expro partners with Petrobras to develop new flowmeter technology - Expro (XPRO) has signed a technology agreement with Petrobras (PBR) for the development of a new non-intrusive flowmeter. The technology will provide flow rates and identify flow patterns, generating online and real-time data availability for control and monitoring of slug instabilities to increase efficiency and optimize production of wells. The first prototype is expected to be installed by Q3 2027.
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CVE | Hot Stocks06:16 EST Cenovus Energy provides 2025 capital budget and corporate guidance - Cenovus Energy announced its 2025 corporate guidance, which includes capital investment of $4.6B-$5.0B, delivering upstream production of 805K-845K BOE/d, an increase of approximately 4% vs. 2024, and downstream crude unit utilization of 90%-95%. Capital investment in 2025 will include about $3.2B of sustaining capital, with an additional $1.4B-$1.8B directed towards advancing the company's upstream growth projects. Cenovus's capital plan will support continued returns to shareholders of 100% of excess free funds flow over time while maintaining net debt near $4.0B. Expects total downstream crude throughput of 650K-685K bbls/d, up approximately 4%1 vs. 2024, representing crude unit utilization of 90%-95%. Sees oil sands non-fuel operating expenses per barrel of $8.50-$9.50, held flat compared with 2024. G&A costs are expected to remain flat relative to 2024, and expenses related to IT systems upgrades are projected to decrease significantly as the project will be recalibrated through 2025. Sees 2025 oil sands production 615K-635K bbls/d. Production is expected to be lower in Q2, reflecting turnaround and maintenance activity, with production expected to ramp up into 2H25. Plans to invest $2.7B-$2.8B in its oil sands assets, including $600M-$700M of growth capital, and $350M-$400M in its conventional assets. Total conventional production is expected to be 125K-135K BOE/d, with operating costs of $11.00-$12.00/BOE, down approximately 7%4 relative to 2024. Sees total 2025 offshore production 65K-75K BOE/d. Capital spending in the Offshore segment of $0.9B-$1.0B will be primarily directed towards completion of the West White Rose project. First oil from the West White Rose project is expected in 1H26, with peak net production of approximately 45,000 bbls/d anticipated in 2028. Crude throughput is expected to be 650K-685K bbls/d, up 4% relative to 2024 and representing a crude utilization rate of approximately 90% to 95%. Downstream capital investment is projected to be $650M-$750M, a similar level compared to 2024.
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SCVL | Hot Stocks06:11 EST Shoe Carnival announces new $50M share repurchase plan - The company's board of directors authorized a new share repurchase program for up to $50M of its outstanding common stock, effective January 1, 2025. The new share repurchase program will replace an existing $50M share repurchase program that was authorized on December 14, 2023, and will expire in accordance with its terms on December 31, 2024. Additional purchases may be made under the existing share repurchase program prior to its expiration.
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ATS | Hot Stocks06:07 EST ATS Corporation announces normal course issuer bid - ATS Corporation announced that the Toronto Stock Exchange has accepted a notice filed by it of its intention to make a normal course issuer bid. As of December 2, ATS had a total of 97,926,826 common shares issued and outstanding. Under the NCIB, ATS will have the ability to purchase for cancellation up to a maximum of 8,259,180 common shares, representing approximately 10% of the public float of 82,591,806 common shares of the company that were issued and outstanding as of December 2.
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YOU | Hot Stocks06:06 EST Clear Secure opens new location at Mall of America in Bloomington, Minnesota - Clear Secure continues to expand locations outside the airport environment to enroll and renew consumers in the Trusted Traveler program by opening a new location at Mall of America, the largest shopping and entertainment complex in North America, located in Bloomington, Minnesota. This marks Clear's first non-airport location in Bloomington, for TSA PreCheck enrollment and renewal services, complementing its 52 airport-based enrollment and renewal locations across the U.S. TSA PreCheck enrollment and renewal services through Clear are also available at select Staples stores nationwide.
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EEFT | Hot Stocks06:05 EST Euronet signs agreement with Swedbank to acquire ATM assets in Baltic countries - Euronet announced an agreement with Swedbank to acquire the bank's ATM assets and provide ATM outsourcing services in Lithuania, Estonia and Latvia. Under the agreement, Euronet will acquire the bank's in-branch and off-branch ATM assets in the three Baltic countries while ensuring migration to Euronet's Ren payments processing platform and integration with the bank's existing systems. The Swedbank ATM network has 1,141 ATMs and includes cash withdrawal and cash deposit/recycling ATMs. The migration will start in the fall of 2025. Euronet will maintain Swedbank's ATM branding elements and signage with the bank's brand remaining visible throughout the acquired ATM network. In addition to maintaining the number of the bank's ATMs, the acquired ATM network will be integrated into Euronet's independent ATM network in the three countries, offering more touchpoints and services for the bank's customers while ensuring full compliance with future regulatory requirements.
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GNL | Hot Stocks06:04 EST Global Net Lease announces 'continued progress' on strategic disposition plan - Global Net Lease announced continued progress on its strategic disposition plan. Through December 9, GNL has closed $620M of dispositions, and, together with its pipeline of potential asset sales, dispositions currently total $1.1B. "We are pleased with the progress of our disposition plan as we enter the final month of the year," said Michael Weil, CEO of GNL. "With $620 million in closed dispositions and a substantial amount anticipated to close by year-end, we expect to exceed the upper range of our disposition guidance while approaching the most favorable end of our cash cap rate range of 7.0%. Looking ahead, we currently have over $200 million in asset sales slated to close during the first half of 2025. We believe this achievement underscores the quality of our broader portfolio, with non-core assets achieving favorable cap rates, including a 7.8% cash cap rate on occupied office assets. Our strategic focus on maximizing asset value through dispositions has enabled us to make significant strides in reducing our outstanding debt balance. We remain committed to delivering strong results and positioning GNL for sustained growth through the end of the year and into 2025."
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RMTI | Hot Stocks06:03 EST Rockwell Medical names Jesse Neri as CFO - Rockwell Medical announced that Jesse Neri was promoted to CFO. Neri joined Rockwell Medical in October 2023 as SVP, Finance to oversee all aspects of the company's finance organization. Prior to joining Rockwell Medical, Neri was the Executive Director of Finance at Hemavant Sciences and Aruvant Sciences.
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KROS | Hot Stocks06:02 EST Keros Therapeutics provides update on Phase 2 TROPOS trial - Keros Therapeutics has voluntarily halted dosing in the 3.0 mg/kg and 4.5 mg/kg treatment arms in the ongoing TROPOS trial, a Phase 2 clinical trial of cibotercept in combination with background therapy in patients with pulmonary arterial hypertension, based on a safety review due to the unanticipated observation of pericardial effusion adverse events in the trial. "We are working diligently to gain a better understanding of these unanticipated findings," said Jasbir Seehra, CEO. "Above all, patient safety is our top priority when conducting any clinical trial. We will work with the investigators, the FDA and other relevant regulatory authorities to address this as quickly as possible." The TROPOS trial is fully enrolled, and dosing in the 1.5 mg/kg treatment arm remains ongoing following completion of a risk and benefit assessment of the data from the ongoing trial that was conducted by the independent Data Monitoring Committee followed by a select group of unblinded individuals at Keros. The company intends to continue ongoing safety and efficacy data collection for all treatment arms in the trial and continues to expect to present topline data from all treatment arms in this trial in Q2 of 2025. The company expects to provide additional information when there is a material update.
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GOOG GOOGL | Hot Stocks05:59 EST YouTube on TV: Viewers streamed over 1B hours of content daily in 2024 globally - Kurt Wilms, senior director, product management, YouTube on TV, said in a blog post that viewers streamed more than 1B hours of content daily on TVs in 2024 globally, including over 400M hours of podcasts monthly. Sports content watchtime grew 30%, Wilms wrote. "The share of videos uploaded to YouTube in 4K is up by over 35% year over year, as creators prioritize high-quality viewing experiences that truly shine on TV screens. And that investment is paying off: the number of creators making a majority of their revenue from TV is up more than 30% year over year. To further fuel this growth and support creators, we recently made it even easier for viewers to subscribe to their favorite channels while watching on TV by adding the subscribe button directly to the video player. Early tests of this streamlined button show more than a 40% increase in net subscribers through TVs." Reference Link
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BX | Hot Stocks05:41 EST Blackstone to acquire Tokyo Garden Terrace Kioicho for $2.6B - Blackstone announced that Real Estate funds managed by Blackstone have entered into definitive agreements to acquire Tokyo Garden Terrace Kioicho, a 2.4M square feet of mixed-use asset, from affiliates of Seibu Holdings. At $2.6B, this marks the largest real estate investment by a foreign investor in Japan and the firm's largest investment to date across businesses in the market. Located in central Tokyo, Tokyo Garden Terrace Kioicho comprises two high-rise towers consisting of a Grade A+ office, which is currently 100% occupied; 135 residential units; a 250-key luxury hotel; conference and wedding venues; and over 30 cafes and restaurants, and goods and services stores.
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EGHT | Hot Stocks05:37 EST 8x8 announces partnership with Descope - 8x8 announced a partnership with Descope. As the exclusive Asia Pacific partner for Descope, 8x8 will integrate Descope's drag-and-drop customer identity and access management platform with 8x8's CPaaS APIs.
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DOLE | Hot Stocks05:34 EST Dole issues statement in response to landfill selection in Oahu - Dole has issued a statement in response to the City and County of Honolulu's announcement regarding the selection of its lands as a potential site for Oahu's next landfill. While Dole was surprised by this announcement and needs time to discuss the decision with its partners and community stakeholders, the company said it looks forward to discussions with city officials to learn more about the proposal. "Our immediate priority remains safeguarding Central Oahu's agricultural community," said Dan Nellis, General Manager, Dole Food Company Hawaii. "The Wahiawa Irrigation System (WIS) is the lifeblood of our region's farmers, providing essential water for agriculture and flood control. The transfer of this system to the State of Hawaii, as outlined in Act 218 (2023), is critical to ensuring the continued viability of agriculture on Oahu. Protecting our farmers and the community remains our top priority at this time. Dole has been actively working with state agencies to finalize the donation of the Wahiawa Irrigation System from Dole, including Lake Wilson and the Wahiawa Dam, to the State of Hawaii. This initiative, supported by Act 218, which passed in 2023, will enable necessary upgrades to meet safety standards and unlock federal funding opportunities for agricultural and water security. We urge the City and the State to recognize the urgency of finalizing the Wahiawa Irrigation System transfer," the spokesperson continued. The irrigation system supports over 50 farmers and more than 500 agricultural jobs in Central Oahu. It also provides critical flood protection to Central Oahu and the North Shore. We appreciate the importance of the landfill discussion, but ensuring the longevity of agriculture on Oahu remains our focus at this time."
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HCM | Hot Stocks05:30 EST Hutchmed announces BTD in China for Orpathys, Tagrisso combination - Hutchmed announced that the Center for Drug Evaluation of China's National Medical Products Administration, or NMPA, has granted breakthrough therapy designation, or BTD, to the combination of Orpathys and Tagrisso for the treatment of patients with locally advanced or metastatic epidermal growth factor receptor mutation-positive non-small cell lung cancer with MET amplification after disease progression on EGFR inhibitor therapy. Orpathys is an oral, potent and highly selective MET tyrosine kinase inhibitor.
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STM | Hot Stocks05:26 EST STMicroelectronics enters collaboration with Quobly to produce QPUs at scale - Quobly announced a collaboration with STMicroelectronics to produce quantum processor units, or QPUs, at scale. By leveraging STMicroelectronics' advanced FD-SOI semiconductor process technologies, this collaboration is set to make large-scale quantum computing feasible and cost-effective.
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DDD | Hot Stocks05:23 EST 3D Systems to sell Geomagic software portfolio to Hexagon for $123M - Following a strategic review of the company's software investment strategy, 3D Systems announced that it has signed a definitive agreement to sell its Geomagic software portfolio to the Manufacturing Intelligence Division of Hexagon for $123M. The transaction is expected to close in the first half of 2025, following the completion of customary regulatory reviews. The Geomagic product portfolio is an integrated software tool kit that includes Design X, Control X, Freeform, Wrap, and Geomagic for SolidWorks. Following the divestiture, 3D Systems will focus on its software platforms that are core to customer adoption and application of its 3D printing technologies. By concentrating development resources on these platforms, 3D Systems believes it can accelerate its strategic software development efforts and augment its product offerings.
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ALV | Hot Stocks05:19 EST Autoliv, JMC form strategic partnership - Autoliv announced that Jiangling Motors, or JMC, and Autoliv Management will start a new strategic cooperation to advance innovation and support global expansion. JMC is a company in China's commercial vehicle industry and a new force in the field of passenger vehicles. Autoliv has supplied seatbelts to JMC since 1997. The new strategic cooperation aims to leverage the companies' respective strengths and enhance global presence together. Efficient supply chain and modularization are expected to create new global market opportunities.
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NOK MSI | Hot Stocks05:15 EST Nokia, Motorola Solutions announce drone technology integration - Nokia (NOK) and Motorola Solutions (MSI) announced a drone technology integration to launch an automated drone-in-a-box solution. The solution integrates Nokia Drone Networks with Motorola Solutions' Cape drone software.
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QSI | Hot Stocks05:05 EST Quantum-Si expands international distribution network - Quantum-Si announced that it has expanded its international distribution network to a total of 15 partners. The commercial distribution network includes further expansion across Western Europe, Eastern Europe and Asia, as well as new expansion into Middle East, Africa, South America and the South Pacific regions.
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