Stockwinners Market Radar for December 16, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
ON | Hot Stocks21:01 EST On Semiconductor to collaborate with Denso on autonomous driving technology - The company states: "Onsemi ( ON) and tier-one automotive supplier DENSO announced that they are strengthening their long-term relationship to support the procurement of autonomous driving and advanced driver assistance systems technologies. For over 10 years, onsemi has been supplying DENSO with the latest intelligent automotive sensors to enhance ADAS and AD performance. These semiconductors have become increasingly vital in improving vehicle intelligence including connectivity, to help reduce traffic accident fatalities."
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PACB | Hot Stocks20:05 EST Cathie Wood's ARK Investment buys 274.9K shares of PacBio today
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NTLA | Hot Stocks20:04 EST Cathie Wood's ARK Investment buys 96.2K shares of Intellia Therapeutics today
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XXII | Hot Stocks19:50 EST 22nd Century trading halted, news pending
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AGI | Hot Stocks19:20 EST Alamos Gold announces passing of chairman Paul Murphy - Alamos Gold announces the passing of Paul J. Murphy, a Board member for over 14 years and Chairman for the past nine years. Mr. Murphy joined Alamos as a Director in 2010 and served as Chair of the Board since 2015, overseeing a period of transformative growth for the Company.
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TPST | Hot Stocks18:50 EST Tempest Therapeutics' PPARalpha inhibitor receives FDA orphan designation - Tempest Therapeutics' PPARalpha inhibitor, a treatment of hepatocellular carcinoma, received FDA orphan designation, according to a post on the agency's site. Reference Link
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CMTG | Hot Stocks17:58 EST Claros Mortgage pauses common stock dividend - The company states: "Claros Mortgage announced that its Board of Directors suspended the Company's quarterly dividend on its common stock commencing with the fourth quarter dividend that would have otherwise been paid in January 2025. CMTG paid three regular quarterly dividends during the year totaling $0.60 per share of common stock, which exceeds its 2024 taxable income estimate."
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JBDI | Hot Stocks17:44 EST JBDI Holdings receives noncompliance letter from Nasdaq - JBDI Holdings announced that it received a delinquency notification letter from Nasdaq indicating that JBDI is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the company's ordinary shares on Nasdaq, as set forth in Nasdaq Listing Rules. The notice indicated that the company has 180 days, or until June 10, 2025, to regain compliance with the minimum bid price requirement by having the closing bid price of the ordinary shares meet or exceed $1.00 per ordinary share for at least ten consecutive business days.
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TDW | Hot Stocks17:36 EST Tidewater CEO buys $2.0M in common stock - In a regulatory filing, Tidewater disclosed that its CEO Quintin Kneen bought 41.6K shares of common stock on December 13th in a total transaction size of $2.0M.Tidewater shares are up 1.2% afterhours at $47.59.
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GOOGL GOOG | Hot Stocks17:24 EST Google debuts Whisk to visualize and remix ideas using images and AI - Thomas Iljic, Director of Product Management, Google Labs & Nicole Brichtova, Product Manager, Google DeepMind blogged in part: "Today in the US, we're launching our newest experiment in generative AI: Whisk. Instead of generating images with long, detailed text prompts, Whisk lets you prompt with images. Simply drag in images, and start creating. Whisk lets you input images for the subject, one for the scene and another image for the style. Then, you can remix them to create something uniquely your own, from a digital plushie to an enamel pin or sticker.Behind the scenes, the Gemini model automatically writes a detailed caption of your images. It then feeds those descriptions into Google's latest image generation model, Imagen 3. This process captures your subject's essence, not an exact replica. That way, you can easily remix your subjects, scenes and styles in novel ways...In our early testing with artists and creatives, people have been describing Whisk as a new type of creative tool - not a traditional image editor. We built it for rapid visual exploration, not pixel-perfect edits. It's about exploring ideas in new and creative ways, allowing you to work through dozens of options and download the ones you love. If you are based in the US, you can try it out today at labs.google/whisk and tell us what you think." Reference Link
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F | Hot Stocks17:07 EST DOE closes $9.63B loan to BOSK for construction of Ford EV battery plants - The U.S. Department of Energy said in a release on Monday: "As part of the Biden-Harris Administration's Investing in America agenda, the U.S. Department of Energy's or DOE Loan Programs Office LPO announced the closing of a direct loan of up to $9.63B to BlueOval or BOSK for the construction of up to three manufacturing plants to produce batteries for Ford Motor Company's future Ford and Lincoln electric vehicles EVs. Together, the plants, one located in Tennessee and two in Kentucky, would enable more than 120 gigawatt hours of U.S. battery production annually. The three facilities created more than 5,000 construction jobs as the plants were being built and will create up to 7,500 BOSK operations jobs. Today's announcement-the largest loan granted through DOE's Advanced Technology Vehicles Manufacturing Program ATVM,will help ensure the United States can meet domestic demand and remain a global leader in the rapidly expanding EV industry. BOSK is a joint venture between Ford Motor Company and SK On, a world leading Korean EV battery manufacturer. BOSK was created to supply Ford with batteries for its growing EV product line. Today's announcement reinforces President Biden's historic efforts to onshore and re-shore domestic manufacturing and ensure American businesses remain global leaders in technologies of the future. Expanding domestic production of American-made batteries is critical to reducing America's reliance on adversarial foreign nations like China, meeting the Nation's domestic and international climate commitments, and achieving President Biden's goal to make half of all new vehicles sold in 2030 zero-emissions vehicles..." Reference Link
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PNR | Hot Stocks17:03 EST Pentair increases quarterly dividend to 25c per share - Pentair announced that it will pay a regular quarterly cash dividend of 25c per share on February 7 to shareholders of record at the close of business on January 24. The 25c per share quarterly cash dividend, or $1.00 per share on an annualized basis, represents an approximate 9% increase in the company's regular cash dividend rate as compared to 23c per share per quarter in 2024, or 92c per share on an annualized basis. 2025 will mark the 49th consecutive year that Pentair has increased its dividend.
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EUDA | Hot Stocks17:02 EST EUDA Health, Guangdong Cell Biotech explore potential strategic partnership - EUDA Health announced that it has entered into preliminary discussions with Guangdong Cell Biotech Co. to form a joint venture. Guangdong Cell Biotech develops autologous cell treatments and tailored medicines for various disorders. This potential collaboration aims to leverage the complementary strengths of both companies to accelerate growth and innovation across the biotechnology and consumer health sectors. Discussions are focused on leveraging EUDA's digital healthcare ecosystem as a platform to deliver cutting-edge regenerative therapies developed by Guangdong Cell Biotech to a broader audience in Southeast Asia. Guangdong Cell Biotech's stem cell technology is expected to enrich EUDA's healthcare services with innovative treatment options, enhancing the appeal and effectiveness of its digital platform. Guangdong Cell Biotech represents that it currently has 37 established stem cell and DNA medical treatment facilities in China and presence in Indonesia and Cambodia. A joint venture combining EUDA's expertise in making holistic healthcare solutions accessible to everyone using its portfolio of products and advanced technologies, with Guangdong Cell Biotech's leadership in stem cell treatment, will allow EUDA to enhance its market presence, improve product offerings, and deliver cutting-edge solutions to customers in Asia. Parties have not entered into a letter of intent or a legally binding agreement at this time. There is no guarantee that parties will form a joint venture or enter into a definitive written agreement to collaborate in the future.
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WM | Hot Stocks16:59 EST WM raises quarterly dividend 10% to 82.5c from 75c per share - WM announced that its Board of Directors has approved a 10.0% increase in the planned quarterly dividend rate for 2025, from 75c to 82.5c per share. This increase brings the annual dividend rate to $3.30 per share, up from $3.00, and marks the company's twenty-second consecutive year of dividend increases. While the company has remaining authorization from WM's Board of Directors to repurchase $1.24B of the company's common stock, as previously announced, the company has temporarily suspended share repurchases. Pausing share repurchase activity reflects the company's commitment to return to targeted leverage levels within about 18 months after the acquisition of Stericycle. Each individual future quarterly dividend will be declared at the discretion of WM's Board of Directors prior to payment. It is expected that the first increased dividend will be paid in March of 2025.
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PSTG | Hot Stocks16:53 EST Pure Storage officer Mona Chu sells almost $517K in shares - Pure Storage officer Mona Chu disclosed the sale of 8,311 shares of company stock at $62.16 per share on December 12, for a total transaction amount of $516,612.
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NVX | Hot Stocks16:45 EST Novonix offered conditional commitment for $754M DoE loan for new facility - Novonix "announced a conditional commitment to NOVONIX through one if its wholly-owned U.S.-based subsidiaries, from the U.S. Department of Energy, DOE, through the Loan Programs Office for a direct loan of up to $754.8M to be applied towards partially financing a proposed new facility in Chattanooga, Tennessee. The proposed financing is being offered under the DOE LPO's Advanced Technology Vehicles Manufacturing Loan Program. If finalized, the loan would be applied towards partially financing the construction of the New Facility in Chattanooga, Tennessee, to manufacture synthetic graphite primarily for use in electric vehicle batteries. At full capacity, the new facility is expected to produce approximately 31,500 tonnes per annum of synthetic graphite, which can support the production of lithium-ion batteries for approximately 325,000 EVs each year. China currently has over 95% market share for battery grade graphite1. The new facility is expected to reach full production capacity by the end of 2028 and is anticipated to create 450 full-time operational jobs and 500 construction jobs."
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OBDE OBDC | Hot Stocks16:43 EST Blue Owl Capital Corporation III declares special dividend of 52c per share - Blue Owl Capital Corporation III (OBDE) announced that its Board of Directors has declared a special dividend of 52c per share. The special dividend will be payable in cash on or before January 31, 2025 to shareholders of record as of December 31, 2024. The special dividend will be payable no later than January 31, 2025, or earlier, if the proposed merger with Blue Owl Capital Corporation (OBDC) closes before that date. The closing of the merger is expected to occur promptly after the vote at the shareholder meetings, currently scheduled for January 8, 2025, assuming that the transaction is approved by OBDE and OBDC shareholders. The special dividend is equal to OBDE's undistributed taxable income estimated to be remaining as of the closing of the merger and includes any unpaid special dividends previously declared in conjunction with OBDE's listing in January 2024.
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EBAY | Hot Stocks16:40 EST eBay announces incremental $3B share repurchase program - In a regulatory filing, eBay stated, "On December 12, 2024, the Board of Directors of the company authorized an incremental $3.0 billion under our stock repurchase program, in addition to the remaining amounts previously authorized. Our stock repurchase program has no expiration from the date of authorization."
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EBAY | Hot Stocks16:38 EST eBay announces incremental $3B share repurchase program - In a regulatory filing, eBay state, "On December 12, 2024, the Board of Directors of the company authorized an incremental $3.0 billion under our stock repurchase program, in addition to the remaining amounts previously authorized. Our stock repurchase program has no expiration from the date of authorization."
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R | Hot Stocks16:36 EST Ryder names John Diez as COO, Cristina Gallo-Aquino as CFO - Ryder System "announces the appointment of John J. Diez to president and chief operating officer, effective January 1, 2025. In this new role, Mr. Diez will continue to report to Ryder Chairman and Chief Executive Officer Robert E. Sanchez with responsibility for the general management of all business operations of Ryder's three business segments. In addition, Cristina Gallo-Aquino, most recently senior vice president, controller, and principal accounting officer since August 2020, has been promoted to succeed Mr. Diez as executive vice president and chief financial officer, effective January 1, 2025. In this role, Ms. Gallo-Aquino will oversee all of Ryder's financial management functions, including finance and accounting, treasury, tax, audit, investor relations, and continue to serve as principal accounting officer."
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CENTA | Hot Stocks16:36 EST Central Garden & Pet increases stock repurchase program by $100M - Central Garden & Pet announced that its board of directors has increased the authorization under its stock repurchase program. The board authorized Central to purchase up to an additional $100M of its issued and outstanding shares of common stock and Class A common stock. Following this increase, as of December 11, the total repurchase authorization will be approximately $130M.
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BDX | Hot Stocks16:35 EST Becton Dickinson discloses resolution with SEC over Alaris System invesigation - Becton Dickinson issued the following statement: "BD has reached an agreement with the U.S. Securities and Exchange Commission (SEC) to resolve the previously disclosed investigation related to prior public disclosures and SEC reporting regarding the BD Alaris System, which was acquired by BD from CareFusion in 2015 and is part of the BD Medication Management Solutions business. The SEC Order, the findings of which BD neither admits nor denies, relate to matters concerning BD Alaris that occurred more than four years ago. As part of the settlement, BD has agreed to pay $175 million to the SEC, an amount that was reserved and disclosed in the company's fiscal year 2024 Form 10-K and was contemplated in BD's fiscal year 2025 cash flow plan. No financial restatements are required as a result of the settlement, and the settlement amount does not impact BD's investments in innovation or its previously disclosed capital allocation strategy. BD is not updating its fiscal 2025 guidance as a result of the settlement. The company believes that settling with the SEC is the right course of action to fully resolve this matter and move forward. The BD Alaris System is safe and effective and is a critical part of health care in the United States. The system has been used for many years to safely deliver IV therapies to patients, including throughout the COVID-19 pandemic. The updated BD Alaris System received 510(k) clearance from the U.S. Food and Drug Administration in July 2023, and the company continues to update its Alaris fleet. BD has implemented a number of improvements to its operational and governance processes and related disclosure practices. BD is committed to operating with integrity and the highest ethical standards to produce high-quality, safe and effective products and serve as a trusted partner for its customers and their patients."
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AEE AMT | Hot Stocks16:33 EST Ameren appoints American Tower CEO Steven Vondran to board - Ameren (AEE) announced that Steven Vondran has been elected to the Ameren board of directors, effective Jan. 1, 2025. Vondran is the president and chief executive officer of American Tower (AMT).
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TNYA | Hot Stocks16:33 EST Tenaya Therapeutics to announce initial data from Phase 1b/2 trial of TN-201 - Tenaya Therapeutics will announce initial Cohort 1 data from the MyPEAK-1 Phase 1b/2 clinical trial of TN-201 gene therapy for MYBPC3-associated hypertrophic cardiomyopathy on Tuesday, December 17.
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MRK | Hot Stocks16:32 EST Merck to discontinue Phase 3 KeyVibe-003, KeyVibe-007 trials - Merck announced the discontinuation of the clinical development programs for vibostolimab, an anti-TIGIT antibody, and favezelimab, an anti-LAG-3 antibody. Vibostolimab is being evaluated as an investigational fixed-dose combination with pembrolizumab in the KeyVibe program. Favezelimab is being evaluated as an investigational fixed-dose combination with pembrolizumab in the KEYFORM program. Merck is discontinuing the Phase 3 KeyVibe-003 and KeyVibe-007 trials, which are evaluating the fixed-dose combination of vibostolimab and pembrolizumab in certain patients with non-small cell lung cancer, based on the recommendation of an independent Data Monitoring Committee. In a pre-planned analysis, both trials met the pre-specified futility criteria for the primary endpoint of overall survival. In these studies, the safety profile of vibostolimab/pembrolizumab was consistent with that observed for vibostolimab and pembrolizumab in previously reported studies, with no new safety signals identified. As expected with dual checkpoint inhibitor therapy, more immune-related adverse events were observed with the fixed-dose combination than with pembrolizumab. Considering the totality of data from the Phase 3 KeyVibe studies, including the efficacy outcomes from KeyVibe-003 and KeyVibe-007, the company has decided to discontinue the Phase 3 KeyVibe-006 trial and other vibostolimab studies. Separately, Merck has decided to end the favezelimab clinical development program, and will stop enrollment in the Phase 3 KEYFORM-008 trial evaluating the fixed-dose combination of favezelimab and pembrolizumab in patients with relapsed or refractory classical Hodgkin lymphoma whose disease has progressed following prior anti-PD-1 therapy. Patients currently in this trial may continue on therapy until study completion. KEYFORM-008 is the only Phase 3 study in the KEYFORM clinical development program for which results are not available. The company has made this decision after a thorough evaluation of data from the favezelimab clinical program and will prioritize the development of other candidates in its comprehensive and diversified oncology pipeline. This decision is not based on any concerns about the safety of this fixed-dose combination. Merck is informing study investigators for these clinical trials and advises patients to speak to their study team and physician regarding next steps and treatment options. Data analyses for the Phase 3 trials are ongoing, and the results will be shared with the scientific community. "Following a careful analysis of the data, the decision has been made to discontinue development of these candidates to prioritize other ongoing programs. We are grateful to all the patients, caregivers and investigators for their many contributions that made these studies possible," said Dr. Marjorie Green, senior vice president and head of oncology, global clinical development, Merck Research Laboratories. "We continue to pursue the most promising science with a focus on agents with the greatest potential to improve outcomes for more patients with cancer."
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NNDM | Hot Stocks16:30 EST Nano Dimension appoints Ofir Baharav as chairman - Nano Dimension announced changes in the composition of its board of directors. Nano's board currently consists of four members: Ofir Baharav, Robert Pons, Joshua Rosensweig and Kenneth Traub. Baharav has been appointed as chairman of the board. In light of the previously announced results of the company's 2024 annual general meeting of shareholders, dated December 6 and the previously announced ruling of the Israeli central region district court in Lod, dated November 21 regarding Nano's extraordinary general meeting of shareholders held on March 20, 2023, Yoav Nissan-Cohen, Eitan Ben-Eliahu, Oded Gera, Roni Kleinfeld, Chris Moran and Georgette Mosbacher have resigned from the board, effective immediately. Baharav and Pons were elected to the board following the AGM results and replaced the seats formerly occupied by Yoav Stern and Michael X. Garrett. Rosensweig and Traub were elected to the board at the EGM, but since the company had contested the legality of the EGM, they joined the board immediately after the court ruling, which determined, among other matters, that the EGM was duly held and the vote that elected them to the board was consequently valid.
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LZB | Hot Stocks16:25 EST La-Z-Boy CEO Melinda Whittington to additionally serve as board chair - La-Z-Boy announced that its board of directors has approved, effective December 11, the following changes as part of the board's periodic evaluation of its leadership structure: Melinda Whittington, La-Z-Boy president and CEO and a member of its board, has been elected to serve additionally as chair of the board. Michael Lawton, who has served as chair of the board since May 2022, will return to his previous position of independent lead director.
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DOW | Hot Stocks16:25 EST Dow Inc. CEO buys $1.06M in common stock - In a regulatory filing, Dow Inc. disclosed that its CEO James Fitterling bought 25.6K shares of common stock on December 12th in a total transaction size of $1.06M. Dow Inc. shares are up 1% afterhours at $40.54.
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MOH | Hot Stocks16:23 EST Molina Healthcare awarded new contracts in Michigan, Idaho - Molina Healthcare announced that the Michigan Department of Health and Human Services has awarded a contract to Molina's health plan subsidiary, Molina Healthcare of Michigan, to provide a Highly Integrated Dual Eligible Special Needs Plan. This new award follows the initial notice of intent to award the HIDE SNP contract announced by the MDHHS on October 9, 2024, and subsequently cancelled on November 8, 2024. The new benefit plan, MI Coordinated Health, will be available to individuals enrolled in both Medicare and Medicaid. Molina confirmed it was awarded the contract in eleven service regions - Michigan's entire lower peninsula. Molina currently serves two regions in the existing Michigan Health Link program, the state's current platform for serving dual eligible members. The go-live date for the new contract is expected to be January 1, 2026. The contract is expected to have a duration of seven years, with three one-year optional extensions. Molina also announced today that the Idaho Department of Health and Welfare intends to award contracts to Molina's health plan subsidiary, Molina Healthcare of Idaho, to administer the State's Medicare Medicaid Coordinated Plan and Idaho Medicaid Plus Plan, which provide access to integrated benefits to the State's dual eligible population. Molina currently serves approximately 11,000 dual eligible members across the State. The go-live date for the contract is expected to be January 1, 2026. The contracts are expected to have an initial term of four years, with a potential one-year extension.
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GECC | Hot Stocks16:23 EST Great Elm Capital increases 1uarterly dividend 5.7% to 37c per share - In addition, the company's board of directors has approved a quarterly cash distribution of 37c per share for the first quarter of 2025, equating to a 14.5% annualized yield on the company's closing market price on December 16, 2024 of $10.24. The First Quarter 2025 Distribution will be payable on March 31, 2025 to stockholders of record as of March 17, 2025. "We are very pleased to announce the 5.7% increase to our base quarterly distribution to $0.37 per share from $0.35 per share," said Matt Kaplan, GECC's Chief Executive Officer. "As we look into 2025, we believe our platform is well positioned to continue generating durable long-term income and we are pleased the Board has approved this increase to our base distribution. In addition, we find ourselves in a position to again deliver a special cash distribution to stockholders, attributable to our portfolio's strong income generation throughout the year."
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GEO | Hot Stocks16:22 EST Geo Group CEO Evans to retire, Donahue named successor - GEO announced several senior management changes. GEO's Chief Executive Officer, Brian Evans, has given GEO notice of his retirement to pursue other opportunities, effective December 31, 2024. J. David Donahue will begin serving as the new Chief Executive Officer, effective January 1, 2025. Mr. Donahue has more than 40 years of experience in corrections and detention, having served in senior executive roles overseeing operational planning, facility activations, and managing operational teams. He joined GEO as the Eastern Region Vice President in 2009, after a distinguished career in corrections with the Federal Bureau of Prisons, Kentucky, and Indiana, where he served as Corrections Commissioner from 2005 to 2008. He also served as the Vice President of the American Correctional Association ("ACA") and is an ACA-Certified Corrections Executive. During his tenure with GEO, Mr. Donahue was promoted to Senior Vice President and President of GEO Secure Services in 2016 and retired from GEO in July of 2020.
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GEO | Hot Stocks16:21 EST Geo Group announces $70M investment in expanding ICE services - The GEO Group announced a $70 million investment in capital expenditures to strengthen the Company's capabilities to deliver expanded detention capacity, secure transportation, and electronic monitoring services to U.S. Immigration and Customs Enforcement ("ICE"). GEO is currently the largest service provider to ICE, currently providing approximately 21,000 detention beds (with a present census of 14,000) at 16 ICE Processing Centers with the ability to expand to a minimum of 32,000 beds at 23 facilities. GEO also presently provides electronic monitoring and case management services for approximately 185,000 participants under the Intensive Supervision Appearance Program, as well as secure ground transportation and air operations support services. With the objective of offsetting the $70 million investment in capital expenditures and further reducing debt, GEO intends to pursue the possible sale of several underperforming company-owned state correctional facilities.
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GECC | Hot Stocks16:20 EST Great Elm Capital declares 5c per share special distribution - Great Elm Capital declared a special cash distribution of 5c per common share. The special distribution will be payable on January 15, 2025 to stockholders of record as of December 31.
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FTV | Hot Stocks16:16 EST Fortive recommends rejection by shareholders of TRC's mini-tender offer - Fortive Corporation has been notified of an unsolicited "mini-tender offer" by TRC Capital Investment Corporation for TRC to purchase for cash up to 1,500,000 shares, or approximately 0.44%, of the outstanding common stock of Fortive, at a price of $75.00 per share. TRC's offer price of $75.00 per share represents a 4.93% discount to the closing price per share of Fortive's common stock on December 6, 2024, the last trading day before the commencement of TRC's unsolicited mini-tender offer. Fortive recommends that shareholders reject TRC's unsolicited offer because, among other reasons, the offer price is below the current market price for shares of Fortive common stock. The offer also is subject to numerous conditions. Fortive also recommends that any shareholders who have tendered shares to TRC withdraw those shares by providing the written notice described in the offering documentation before the expiration of the offer, which is currently scheduled for one minute after 11:59 p.m., New York City Time, on January 9, 2025.
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AXS ESGR | Hot Stocks16:15 EST Axis Capital, Enstar Group enter loss portfolio transfer reinsurance agreement - Axis Capital (AXS) and Enstar Group (ESGR) announced that they have entered into a loss portfolio transfer, or LPT, reinsurance agreement covering a portfolio of reinsurance segment business. The closing of the transaction is subject to regulatory approvals and other customary conditions, and is expected to occur during the first half of 2025. Under the LPT reinsurance agreement, which is structured as a 75% ground-up quota share, Axis will retrocede to Enstar $2.3B of reinsurance segment reserves. This transaction is predominantly attributable to casualty portfolios related to 2021 and prior underwriting years totaling $3.1B at September 30. Axis expects to recognize an approximate $60M benefit from the excess of reserves ceded over the consideration over the next several years, according to the payment patterns of these reserves. Axis will maintain claims control for the covered reserves subject to certain administrative rights of Enstar.
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AFRM | Hot Stocks16:14 EST Affirm down 3% at $70.67 after announcing convertible debt offering
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EVGO | Hot Stocks16:14 EST EVgo down 16% at $5.33 after secondary offering
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MAMA | Hot Stocks16:14 EST Mama's Creations CEO Michaels: 'Well positioned for profitable growth' - "To lead us forward and emerge as a dominant player in the prepared foods space, we also completed the build-out of our industry-leading executive team during the quarter. Chris Darling, our new Chief Commercial Officer, brings over 20 years of experience in executive leadership from a storied career in the deli - where he led world class commercial organizations at industry-leading firms such as Boar's Head, HEB, Ahold and Albertsons. Most importantly, Chris knows how to build a national brand, particularly in the prepared meal solutions space. Chris joins Skip Tappan, our Chief Operating Officer, an end-to-end supply chain leader, bringing over 30 years of experience with Gordon Food Service, Walmart, Campbell's and Procter & Gamble. With this world-class leadership team now in place, we are better positioned to fully optimize operations, execute on our Catapult growth plan and identify, acquire and integrate future M&A opportunities. "The fundamentals of our operations are incredibly strong, and with these growing pains behind us - supplemented by our investments in CapEx, senior leadership, and marketing - have enabled our team to sell with confidence and fulfill pent-up demand as we enter the new year. Ultimately, I believe this will support a return to the high end of our historical margin profile. Combined with a reversal of recent commodity highs and strong November results, we believe we are well positioned for profitable growth in the months and years ahead," concluded Michaels.Cash and cash equivalents as of October 31 totaled $9.3 M as compared to $11M as of January 31 . The change in cash and cash equivalents was primarily driven by $5M in capital investments and $2.5M of debt paydown year-to-date, partially offset by working capital improvements as third quarter cash flow from operations increased 23.7% year-over-year. As of October 31 total debt stood at $6.3M.
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RICK | Hot Stocks16:11 EST RCI Hospitality provides FY25-FY29 capital allocation plan - FY25-FY29 capital allocation priorities (% of FCF): Nightclub acquisitions: 50% (includes debt repayment); Share buybacks & dividends: 50%. CEO Langan said, "RCI has grown significantly since we initiated our Capital Allocation Strategy at year-end FY15. Revenue has more than doubled, from $135 million to $296 million, a CAGR of 9%. More importantly, free cash flow has more than tripled, from $15 million to $48 million, a CAGR of 14%, while our share count fell by 13%. We are proud of this achievement and thank all employees, entertainers, and partners who made this possible." "Looking ahead, we plan to build on this track record through a 'Back-to-Basics' strategy. Operationally, this means focusing on our Nightclub business and improving Bombshells. For capital allocation, this means focusing on club acquisitions and returning more capital to shareholders, mainly through buybacks."
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BNOX | Hot Stocks16:09 EST Bionomics announces Australia Supreme Court approves re-domiciliation - Bionomics announced that the Supreme Court of New South Wales, Australia has made orders approving the scheme of arrangement in relation to the company's proposed re-domiciliation from Australia to the United States, under which Neuphoria Therapeutics, will become the ultimate parent company of Bionomics Limited following the implementation of the scheme. A copy of the court's orders with respect to the Scheme was lodged with the Australian Securities & Investments Commission following the Court hearing, at which time the Scheme became legally effective. Bionomics' ADSs will continue to trade on Nasdaq until the implementation date. Bionomics shareholders who hold shares on the record date for the scheme. The scheme consideration will be paid to scheme shareholders on the implementation date. Shares of Neuphoria are expected to begin trading on Nasdaq under the symbol (NEUP) on December 24 or as soon as possible thereafter.
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HURN | Hot Stocks16:08 EST Huron announces board leadership transition - Huron "announced that its board of directors appointed Hugh E. Sawyer as its independent, non-executive chairman to succeed John McCartney effective Jan. 1, 2025. Mr. McCartney will continue to serve on the company's board as a director. He has served as the non-executive chairman of Huron's board since May 2010 and as a board member since October 2004."
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CHPT | Hot Stocks16:07 EST ChargePoint, Colorado Energy Office complete six EV fast charging corridors - ChargePoint and the Colorado Energy Office announced the completion of six EV fast charging corridors across the state. In total, 33 DC fast charging sites offering more than 80 charging ports are now available to EV drivers along highways across Colorado. The initiative was made possible by $10M in state funding and more than $2M in contributions from private and local government partners. "This project is a testament to the leadership we're seeing across the country at a state level to accelerate the build out of a robust charging network for all EV drivers," said Rick Wilmer, CEO at ChargePoint. "Public-private partnerships such as our relationship with the Colorado Energy Office continue to play a critical role in building out charging infrastructure. Together, we are ensuring drivers across the state are able to charge quickly at convenient locations."
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SFBS | Hot Stocks16:07 EST ServisFirst raises quarterly dividend by 12% to 33.5c per share - The dividend is payable on January 10, 2025 to stockholders of record as of January 2, 2025.
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JAZZ | Hot Stocks16:06 EST Jazz Pharmaceuticals CEO Bruce Cozadd to retire by end of 2025 - Jazz Pharmaceuticals announced that Bruce Cozadd, Co-Founder, Chairperson and CEO, has informed the Board of Directors of his intent to retire from his role as CEO upon appointment of the company's next leader, expected by the end of 2025. The Board will commence a formal search process to identify a new CEO, which is anticipated to conclude within 12 months. Cozadd will retire as CEO once a successor has been appointed and will continue serving as Chairperson of the Board of Directors, providing ongoing leadership and strategic guidance to the company. Jazz remains on track to meet its full year 2024 total revenue guidance of between $4B-$4.1B.
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CTNM | Hot Stocks16:06 EST Contineum initiates patient dosing in Phase 1B PET trial - Contineum Therapeutics "announced dosing of the first cohort of patients in the PIPE-791 Phase 1b positron emission tomography, PET, trial. PIPE-791 is a novel, brain penetrant, small molecule antagonist of the lysophosphatidic acid 1 receptor. The Phase 1b, open label, single-center trial is expected to measure the correlation of pharmacokinetics to receptor occupancy by PET imaging in healthy volunteers, as well as idiopathic pulmonary fibrosis and progressive multiple sclerosis patients. Contineum anticipates topline data from the PIPE-791 Phase 1b PET trial in the second quarter of 2025. "
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MRUS | Hot Stocks16:03 EST Merus doses first patient in petosemtamab trial - Merus announced that the first patient has been dosed in the company's phase 2 trial evaluating petosemtamab monotherapy in heavily pretreated metastatic colorectal cancer. Petosemtamab is a Biclonics targeting EGFR and LGR5. The phase 2, open-label trial will evaluate the safety and antitumor activity of petosemtamab monotherapy in 3L+ mCRC, post anti-EGFR therapy. To be eligible for enrollment, patients must lack certain mutations as detected in plasma by ctDNA NGS, including KRAS, NRAS.
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MMSI | Hot Stocks16:02 EST Merit Medical announces resignation of president Joseph Wright - Merit Medical announced the resignation of its president, Joseph Wright, effective January 3, 2025. The company noted that prior to Wright's resignation, Merit had received notice of allegations regarding his conduct, which Merit's independent directors investigated with the assistance of independent counsel. The company said the allegations were unrelated to Merit's operations or financial performance. Based upon Wright's resignation, Merit's board of directors has re-appointed Fred Lampropoulos as Merit's president.
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AMZN | Hot Stocks15:54 EST Teamsters at Amazon delivery station in Illinois vote to authorize strike - Teamsters at the DIL7 Amazon delivery station in Skokie, Illinois, have voted overwhelmingly to authorize a strike as part of their fight for a union contract that improves wages and benefits and strengthens workplace safety. This follows Amazon Teamsters at two New York City facilities announcing on Friday that they had authorized strikes. DIL7 serves thousands of households throughout Chicagoland. The Teamsters represent hundreds of workers at the facility.
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DBGI | Hot Stocks15:40 EST Digital Brands says 'significant progress' made 'cleaning up our balance sheet' - Digital Brands provided an update to its shareholders regarding recent activities and future initiatives for growth, stating that the company "has made notable progress since May of 2024 in improving its financial condition, including through the elimination of $5.2M in convertible notes, other debt, and aged accounts payable." The company added: "Due to the elimination of interest expense from the above, we believe the company's interest expense will decline by approximately $2.7M a year from an estimated $3.1M in fiscal year 2024 to an estimated $420,000 in fiscal year 2025. This should result in a net benefit of approximately $2.7M in fiscal year 2025 to net income and cash flow." "We have made significant progress in cleaning up our balance sheet, which should result in significantly lower interest expense and increased cash flow. Additionally, the company has worked through over $42M in shareholder equity and net income overhang related to goodwill amortization and interest expense from our previous acquisitions, which should only be $2.5M over the next two years. With these items behind us, we are aiming to pursue marketing initiatives to improve our performance for our shareholders," said Hil Davis, Chief Executive Officer of Digital Brands.
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RIOT $BTC | Hot Stocks15:22 EST Riot Platforms jumps over 10% after disclosing Bitcoin purchase - Shares of Riot Platforms (RIOT) are up approximately 10% on Monday afternoon after a regulatory filing issued earlier by the company, showed that Riot purchased 667 Bitcoin ($BTC) for approximately $67.5M at an average price of $101,135 per Bitcoin, inclusive of fees and expenses. As of December 13, the Company increased its total holdings to 17,429 Bitcoin. Shares of Riot are currently trading at $14.18 per share up $1.19 or 9.12%
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GRND | Hot Stocks15:08 EST Grindr director Lu sells $11.36M of shares - Grindr Director James Fu Bin Lu disclosed the sale of 750,000 shares for an average price of $15.14, representing $11.36M.
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RIOT $BTC | Hot Stocks15:08 EST Riot Platforms buys 667 bitcoin for $67.5M, total holdings now 17,429 bitcoin - On December 16, Riot Platforms (RIOT) issued a press release announcing the closing of its previously announced offering of $594.4M aggregate principal amount of the 2030 Notes, which included the partial exercise by the initial purchasers of their option to purchase additional 2030 Notes. During the period between December 12 and December 13 the company acquired approximately 667 Bitcoin ($BTC) for approximately $67.5M at an average price of $101,135 per Bitcoin, inclusive of fees and expenses. As of December 13 the company increased its total holdings to 17,429 Bitcoin. The Bitcoin purchases were made using a portion of the net proceeds from the issuance and sale of the 2030 Notes, as well as cash on hand. This information was provided in a company 8k filing. Reference Link
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SNAP | Hot Stocks14:43 EST Snap debuts new, unified monetization program for creators - Earlier, Snap stated in a company blog: "We're excited to continue supporting creators and announce a new, unified Monetization Program which not only places ads within a creator's Stories and now, longer Spotlight videos as well. With Spotlight viewership up 25% year-over-year, there is a unique and growing opportunity for creators to monetize this format in the same way they do with Stories. Beginning February 1, 2025, eligible creators will be able to monetize Spotlight videos longer than 1 minute. As part of the unified program, creators may be eligible for invitation... We remain committed to evolving and expanding the total rewards available to creators, from Snap's Monetization Program to the Snap Star Collab Studio, and more." Reference Link
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LINC | Hot Stocks14:40 EST Lincoln Educational signs lease for new campus in Hicksville, New York - Lincoln Educational Services announced that it has signed a lease for a new campus in Hicksville, New York, representing the company's second campus in New York and eleventh in the tri-state area. "The campus demonstrates a commitment to its strategic growth plan, and follows the successful launch of the Company's newest campus in East Point, Georgia earlier this year. The Hicksville campus is expected to commence operations towards the end of 2026 and will focus on preparing students for hands-on careers in high-demand industries. The 65,000 square-foot training center will offer specialized career training in automotive, welding, HVAC and electrical and electronics fields. This new facility will increase Lincoln's presence in the tri-state, complementing its closest flagship automotive campus in Queens, New York which has been operating for nearly 20 years. With demand for approximately 54,000 talented automotive technicians by 2030, the State of New York is certainly a region with abundant employment opportunities to meet strong student demand," the company stated.
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SNAP | Hot Stocks14:39 EST Snapchat debuts new, unified monetization program for creators - Earlier on Monday, the company blogged, in part": "We're excited to continue supporting creators and announce a new, unified Monetization Program which not only places ads within a creator's Stories and now, longer Spotlight videos as well. With Spotlight viewership up 25% year-over-year, there is a unique and growing opportunity for creators to monetize this format in the same way they do with Stories. Beginning February 1, 2025, eligible creators will be able to monetize Spotlight videos longer than 1 minute. As part of the unified program, creators may be eligible for invitation....We remain committed to evolving and expanding the total rewards available to creators, from Snap's Monetization Program to the Snap Star Collab Studio, and more..." Reference Link
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GOOG GOOGL | Hot Stocks14:24 EST YouTube tests voice replies for more 'meaningful relationships' with audiences - Google's YouTube said earlier in a blog post: "We're experimenting with a feature that enables creators to reply to comments with their voice. If you're a creator in the test group, you can click the sound wave icon when responding to a comment greater than record a voice reply greater than then post it as a comment. While we gather feedback in the experiment phase, voice replies can only be left by creators on their own channel via the YouTube app on iOS, but all viewers and creators can engage with these comments. This test is rolling out to a small number of creators in the US. We hope that the voice reply experiment enables more meaningful relationships between creators and their audiences." Reference Link
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GOOG | Hot Stocks14:18 EST YouTube tests voice replies for more 'meaningful relationships' with audiences - Google's YouTube is testing a voice reply feature ...The company said earlier in a blog post: "Testing voice replies to comments: We're experimenting with a feature that enables creators to reply to comments with their voice. If you're a creator in the test group, you can click the sound wave icon when responding to a comment greater than record a voice reply greater than then post it as a comment. While we gather feedback in the experiment phase, voice replies can only be left by creators on their own channel via the YouTube app on iOS, but all viewers and creators can engage with these comments. This test is rolling out to a small number of creators in the US. We hope that the voice reply experiment enables more meaningful relationships between creators and their audiences." Reference Link
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CCOEY | Hot Stocks14:10 EST Capcom announces new 'Onimusha,' 'Okami' games, says leveraging more past IP - Capcom announced on Friday that "Onimusha Way of the Sword," the first new title in the "Onimusha" series in over 20 years, is scheduled to be released, while work on an "Okami" sequel project has also started. In addition to regularly releasing major new titles each year, Capcom is focusing on re-activating dormant IPs that haven't had a new title launch recently. The company is working to further enhance corporate value by leveraging its rich library of content, which includes reviving past IPs like the two titles announced above, in order to continuously produce highly efficient, high-quality titles. Capcom remains firmly committed to satisfying the expectations of all users by leveraging its industry leading game development capabilities in order to create highly entertaining gameplay experiences, the company said. Reference Link
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SBUX | Hot Stocks14:07 EST Starbucks enhances parenteral leave benefits for retail teams - Starbucks CEO Brian Niccol said in a note to employees: "Our success starts and ends with our green apron partners. That's why making Starbucks the unrivaled best job in retail is core to our Back to Starbucks plan. I'm excited to announce an enhanced benefit for our retail teams. Starting March 2025, we are more than doubling paid parental leave for our U.S. store partners who work an average of 20 hours a week or more. Birth parents will receive up to 18 weeks of fully paid leave, and non-birth parents will receive up to 12 weeks of leave at full pay. No other retailer offers a better parental leave benefit for new parents. Our benefit was already the best in retail, but after hearing from some partners who shared the leave as new parents wasn't adequate, we reviewed the program and have decided we're making a change. " Shares of Starbucks are down 4% to $93.67 in afternoon trading. Reference Link
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META ESLOY | Hot Stocks13:58 EST Ray-Ban Meta glasses add live AI, live translation & Shazam support - In a new release on the Meta Quest Blog, the company said in part: "Whether you already own a pair or you're hoping Santa drops a one down the chimney, Ray-Ban Meta glasses are the gift that keeps on giving. Right out of the box, they help you experience the world, share your POV, and capture the moments that matter, completely hands-free. And with regular software updates, they keep getting better over time. Since Connect, we've released several new features including reminders, the ability to use your voice to search and play content on Spotify and Amazon Music, Be My Eyes integration, adaptive volume, and the option to set Meta AI on your glasses to celebrity voices including Awkafina, John Cena, Keegan-Michael Key, and Kristen Bell under the US voice options, and Dame Judi Dench under the UK voice options. Starting today, we'll begin rolling out the v11 software update, which makes your Ray-Ban Meta glasses more capable, useful, and fun than ever before. Make sure your glasses and Meta View app are updated to the latest versions. Let's take a look at what's new." Reference Link
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FLYLF | Hot Stocks13:45 EST FLYHT announces shareholder approval of acquisition by Firan Technology Group - FLYHT Aerospace Solutions announced that holders of its common shares have voted in favour of the previously announced acquisition of FLYHT by Firan Technology Group Corporation by way of plan of arrangement under the Canada Business Corporations Act at FLYHT's special meeting of shareholders held on December 16, 2024.The completion of the Arrangement required the approval of at least two-thirds of the votes cast at the Meeting in person or by proxy by Company Shareholders. Subject to receipt of a final order in respect of the Arrangement from the Court of King's Bench of Alberta and satisfaction or waiver of the other conditions to closing contained in the arrangement agreement between FLYHT and FTG dated October 21, 2024, the Arrangement is expected to close on or about December 20, 2024.
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GOOG GOOGL | Hot Stocks13:43 EST Google DeepMind unveils Veo 2, Imagen 3 - Google DeepMind, Alphabet's flagship AI research lab, introduced a new video generation model, Veo 2, and the latest version of Imagen 3, both of which "achieve state-of-the-art results." "Veo 2 creates incredibly high-quality videos in a wide range of subjects and styles," the company said. "In head-to-head comparisons judged by human raters, Veo 2 achieved state-of-the-art results against leading models. It brings an improved understanding of real-world physics and the nuances of human movement and expression, which helps improve its detail and realism overall. Veo 2 understands the unique language of cinematography: ask it for a genre, specify a lens, suggest cinematic effects and Veo 2 will deliver - at resolutions up to 4K, and extended to minutes in length. Ask for a low-angle tracking shot that glides through the middle of a scene, or a close-up shot on the face of a scientist looking through her microscope, and Veo 2 creates it. Suggest "18mm lens" in your prompt and Veo 2 knows to craft the wide angle shot that this lens is known for, or blur out the background and focus on your subject by putting "shallow depth of field" in your prompt." The company also announced Whisk, its newest lab experiment that lets users input or create images that convey the subject, scene and style you have in mind. Then, you can bring them together and remix them to create something uniquely your own, from a digital plushie to an enamel pin or sticker, the company said. []:[https://blog.google/technology/google-labs/video-image-generation-update-december-2024/]
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MMLP | Hot Stocks13:22 EST Martin Midstream Partners says ISS recommends investors vote for MRMC deal - Martin Midstream Partners L.P. announced that independent proxy advisory firm Institutional Shareholder Services recommends that unitholders vote "FOR" the pending transaction with Martin Resource Management Corporation in advance of the upcoming MMLP Special Meeting of unitholders, which is scheduled for December 30, 2024. In its report dated December 16, 2024, ISS stated: "MMLP remains a micro-cap stock with limited trading liquidity and there is uncertainty inherent in the company's go-forward plan. Comparatively, the transaction provides certainty of value and immediate liquidity, and there is a potential downside risk of non-approval given outperformance against the broader market. In light of the premium being offered, the certainty of value and immediate liquidity from the cash consideration, and the potential downside risk of non-approval, support for the proposed transaction is warranted." "The proposed transaction presents shareholders with a meaningful premium at a price which the company has not traded at for more than two years. Further, the implied valuation of the offer validates the premium, and appears in-line with the company historic valuation relative to the broader MLP market." MMLP issued the following statement: "We are pleased that ISS supports the unanimous recommendation of the Conflicts Committee and Board of Directors of MMLP's General Partner that unitholders vote 'FOR' the pending transaction with MRMC, which validates MMLP's position that the MRMC transaction maximizes value for and is in the best interests of MMLP and unitholders, including unaffiliated unitholders. ISS's report highlights the extensive review process led by the Conflicts Committee, and recognizes that the transaction delivers a significant premium, certain cash value and immediate liquidity to unitholders."
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AVAV | Hot Stocks13:14 EST AeroVironment says GAO denied protest of Army's Switchblade award - In a regulatory filing earlier, AeroVironment reported that the U.S. Government Accountability Office has denied the protest filed on September 6, which challenged the U.S. Department of the Army's award of an indefinite delivery, indefinite quantity contract with a ceiling value of $990M on a sole source basis to AeroVironment related to the company's Switchblade systems. "The company intends to fulfill its obligations under the contract and any delivery orders issued thereunder throughout the term of the contract," AeroVironment stated. AeroVironment shares are up $13.19, or 8%, to $169.69 in early afternoon trading following the disclosure. Reference Link
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LEE AMZN | Hot Stocks13:05 EST Lee Enterprises selects AWS as preferred cloud provider - Lee Enterprises (LEE) has selected Amazon Web Services (AMZN) as its Preferred Cloud Provider to modernize its cloud infrastructure and accelerate the development of generative AI platforms. By going all-in on AWS, Lee Enterprises is advancing its digital transformation strategy to enhance subscriber experiences and advertising services through cutting-edge technologies.
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WLBMF | Hot Stocks13:04 EST Wallbridge Mining receives final assay results from Phase 2 drilling at Fenelon - Wallbridge Mining has received the final assay results from its 1,303 metre Phase 2 drilling program completed in September 2024 at its 100% owned Fenelon Gold Project. The Phase 2 program comprised four targeted infill holes drilled within an approximate 150 metre by 250 metre area to provide greater definition of gold resources within the upper levels of the high-grade Tabasco zone. Significant highlights include: 5.68 g/t Au over 1.5 metres in drill hole FA-24-581; 3.93 g/t Au over 2.5 metres, 14.66 g/t Au over 1.5 metres in drill hole FA-24-582; 7.03 g/t Au over 0.5 metres, 2.70 g/t Au over 3.0 metres in drill hole FA-24-583; 5.92 g/t Au over 2.7 metres in drill hole FA-24-584. "We're pleased to announce our final drill results for 2024. The grades returned from these latest four holes provide further confirmation of the position and extent of the principal structures that extend upward from the high-grade core of the Fenelon gold resource," commented Brian Penny, CEO. "We look forward to releasing the results of an updated Preliminary Economic Assessment at Fenelon in the first quarter of 2025 and will continue to provide regular updates to the market on our corporate activities."
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MAIA | Hot Stocks12:46 EST MAIA Biotechnology granted FDA rare pediatric disease designation for THIO - MAIA Biotechnology earlier announced that the FDA has designated THIO for the treatment of pediatric-type diffuse high-grade gliomas as a drug for a "rare pediatric disease." MAIA's Vice President and Head of Regulatory and Quality K. Robinson Lewis said, "Rare pediatric disease designation also offers a highly valuable incentive for MAIA. Upon FDA approval of a future new drug application in PDHGG, MAIA would be eligible to receive a priority review voucher that can be redeemed or sold as an asset at a very high valuation." The company added: "Rare pediatric disease priority review vouchers can be redeemed by drug developers for FDA priority review of a different product or transferred or sold to another sponsor. Since 2015, FDA priority review vouchers have sold as assets at an average amount of $100M." In afternoon trading, shares of MAIA are up 25c, or 12%, to $2.25.
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DQ | Hot Stocks12:02 EST Daqo New Energy falls -6.7% - Daqo New Energy is down -6.7%, or -$1.23 to $17.16.
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TPVG | Hot Stocks12:01 EST TriplePoint Venture falls -7.1% - TriplePoint Venture is down -7.1%, or -56c to $7.29.
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SRFM | Hot Stocks12:00 EST Surf Air Mobility falls -7.5% - Surf Air Mobility is down -7.5%, or -30c to $3.70.
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CANG | Hot Stocks12:00 EST Cango rises 17.5% - Cango is up 17.5%, or 78c to $5.24.
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QBTS | Hot Stocks12:00 EST D-Wave Quantum rises 27.0% - D-Wave Quantum is up 27.0%, or $1.35 to $6.35.
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CLPR | Hot Stocks12:00 EST Clipper Realty rises 33.9% - Clipper Realty is up 33.9%, or $1.48 to $5.84.
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MNTS | Hot Stocks11:59 EST Momentus trading resumes
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ABAT | Hot Stocks11:54 EST American Battery joining DOE's Battery Workforce Challenge - American Battery Technology Companyannounced its entrance into the U.S. Department of Energy's Battery Workforce Challenge, and the launch of an ABTC developed new "Design for Recyclability" category for this three-year collegiate and vocational engineering competition. "This competition supports twelve North American teams of universities and their regional vocational partners that are each designing, building, testing, and integrating a next-generation advanced lithium-ion battery pack and electric powertrain into a Stellantis donated 2024 Ram ProMaster EV. ABTC's entrance into this competition brings an additional dimension of performance in the evaluation of these designs, as students are now challenged to design battery packs with a design for recyclability mindset that allows for these complex batteries to be strategically disassembled and recycled at the end of their lives. These high-value constitute components within the batteries are then able to be recovered and resold into the domestic North American supply chain to create a closed-loop circular infrastructure, increasing the residual value of the battery pack and lowering overall lifecycle costs of EVs," the company stated.
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MNTS | Hot Stocks11:54 EST Momentus trading halted, volatility trading pause
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CVS... | Hot Stocks11:52 EST CVS shares slip as Trump says 'going to knock out the middle man' in drug sales - While asked at a press event about the drug industry, President-elect Trump is quoted as having said "we're going to knock out the middle man," which is being attributed for the late morning dip seen in shares of CVS Health (CVS). CVS is owner of one of the three biggest pharmacy-benefit managers, Caremark, which is joined on that list by Cigna's (CI) Express Scripts and UnitedHealthGroup's (UNH) OptumRx.
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UMGNF | Hot Stocks11:47 EST Universal Music's Virgin Music to acquire Downtown Music - Virgin Music Group, the global independent music division of Universal Music Group, announced it has entered into a definitive agreement to acquire Downtown Music Holdings for cash consideration of $775M. The acquisition, which is subject to regulatory approvals, is expected to close in the second half of 2025. "Upon completion, this transaction will bring together two industry-leading providers of client services and music technology, enhancing their offerings and capabilities to serve the independent music community," the company stated.
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MARX | Hot Stocks11:41 EST Mars Acquisition Corp trading resumes
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MARX | Hot Stocks11:36 EST Mars Acquisition Corp trading halted, volatility trading pause
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ENSC | Hot Stocks11:17 EST Ensysce Biosciences trading resumes
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BSX | Hot Stocks11:14 EST FDA says Boston Scientific Accolade pacemakers may need early replacement - In a safety communication dated December 16 posted to the site of the FDA, the agency stated: "The U.S. Food and Drug Administration is alerting patients, caregivers, and health care providers about the potential need for early device replacement of Boston Scientific Corporation Accolade pacemaker devices, which includes the Accolade, Proponent, Essentio, and Altrua 2 Standard Life and Extended Life pacemakers, and the Visionist and Valitude cardiac resynchronization therapy pacemakers. Boston Scientific announced a recall for a subset of Accolade pacemaker devices with an increased risk to permanently enter Safety Mode, which has limited functionality and has been associated with the pacemaker being unable to properly regulate the heart's rhythm and rate in some patients... While the recall by Boston Scientific identifies a subset of Accolade pacemaker devices with increased risk of entering Safety Mode, the FDA is working with the manufacturer to evaluate the potential risk of this issue in all Accolade pacemaker devices and identify additional mitigation strategies as needed. The FDA is issuing this communication to raise awareness of the manufacturer's recall notice, the FDA's ongoing evaluation with the manufacturer of the issue, and the FDA's current recommendations." Reference Link
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AMZN | Hot Stocks11:13 EST Ohio Governor DeWine announces $10B investment plan from AWS - Ohio Governor Mike DeWine, Lt. Governor Jon Husted, the Ohio Department of Development, and JobsOhio announced that Amazon Web Services plans to invest an estimated $10B in additional funding to expand its data center infrastructure across greater Ohio, creating hundreds of new jobs by the end of 2030. The new data centers will contain computer servers, data storage drives, networking equipment, and other forms of technology infrastructure used to power cloud computing, including artificial intelligence and machine learning. The new investment builds on the $7.8B investment plan announced by AWS last year, which was in addition to the more than $6B already invested through 2022, bringing the company's announced planned investment in Ohio since 2015 to more than $23B by the end of 2030. "As reliance on digital services continues to grow, so does the importance of data centers; they are critical to today's modern economy," said Governor DeWine. "AWS's substantial investment in Ohio will help keep our state at the forefront of the global technology."
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WMT | Hot Stocks11:11 EST Walmart announces five-year, $1.3B investment in Chile - Walmart Chile President and CEO Cristian Barrientos, alongside Walmart International President and CEO Kath McLay, announced a five-year, $1.3B investment in Walmart Chile. The investment includes the opening of 70 new stores across all formats and creation of 4,000 new jobs, "representing Walmart's continued commitment to helping Chileans save money and live better," the company stated. "This is not just an investment in infrastructure and technology; it is an investment in people, in communities. We are building a better future for everyone, for future generations and for our children. We trust in Chile. We trust in its people. We continue exploring together," added Barrientos. Reference Link
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ENSC | Hot Stocks11:02 EST Ensysce Biosciences trading halted, volatility trading pause
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CGTL | Hot Stocks10:46 EST Creative Global Technology Holdings Ltd trading resumes
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CGTL | Hot Stocks10:26 EST Creative Global Technology Holdings Ltd trading halted, volatility trading pause
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GSK... | Hot Stocks10:10 EST GSK's ViiV Healthcare says the CHMP of EMA issued positive opinion for Vocabria - GSK (GSK) announced that ViiV Healthcare, the global specialist HIV company majority owned by GSK, with Pfizer (PFE) and Shionogi as shareholders, has announced that the Committee for Medicinal Products for Human Use, CHMP, of the Europe Medicines Agency, EMA, has issued a positive opinion recommending marketing authorisation for Vocabria in combination with Johnson & Johnson Innovative Medicine's (JNJ) Rekambys for the treatment of HIV-1 infection in adolescents 12 years of age and older and weighing at least 35 kg who are virologically suppressed.
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SNN | Hot Stocks10:04 EST Smith & Nephew receives 510(k) clearance for AETOS Stemless - Smith+Nephew has received 510(k) clearance from the United States Food & Drug Administration for a stemless anatomic total shoulder for the AETOS Shoulder System. AETOS Stemless addresses the growing demand for anatomic total shoulder replacement with a small operating room footprint allowing for an efficient procedure. It is designed to maximize metaphyseal fixation and stability with an inlay collar, cruciate fins, and porous titanium coating to encourage biological fixation
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RTX | Hot Stocks10:01 EST RTX's Collins reports avionics modernization program for King Air, Hawker - Collins Aerospace, an RTX business, has announced a comprehensive avionics upgrade and modernization program for Beechcraft King Air and Hawker aircraft, spanning Collins' Pro Line Fusion and Pro Line 21 advanced avionics systems. The modernization program advances aircraft performance and safety while also equipping cockpits with technologies that reduce pilot workload, enhance situational awareness and enable efficiency and capacity improvements. "Collins' flight deck modernization program provides pilots the intuitive and responsive flight deck performance needed to operate in ever evolving and complex global airspaces," said Nathan Voight, vice president and general manager of Business and Regional Avionics for Collins Aerospace. "The Pro Line updates were designed with the end user in mind, focusing on advanced functionality to make flight simpler, safer and more connected."
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DLNG | Hot Stocks10:00 EST Dynagas LNG falls -5.9% - Dynagas LNG is down -5.9%, or -27c to $4.30.
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FLG | Hot Stocks10:00 EST Flagstar Financial falls -6.1% - Flagstar Financial is down -6.1%, or -67c to $10.27.
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JKS | Hot Stocks10:00 EST JinkoSolar falls -6.8% - JinkoSolar is down -6.8%, or -$1.91 to $26.00.
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SUPV | Hot Stocks10:00 EST Grupo Supervielle rises 12.7% - Grupo Supervielle is up 12.7%, or $1.68 to $14.90.
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BBAR | Hot Stocks10:00 EST Banco BBVA Argentina rises 12.8% - Banco BBVA Argentina is up 12.8%, or $2.21 to $19.43.
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CLPR | Hot Stocks10:00 EST Clipper Realty rises 14.7% - Clipper Realty is up 14.7%, or 64c to $5.00.
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MSTR $BTC | Hot Stocks09:53 EST MicroStrategy buys 15,350 more bitcoins at $100,386 average price - MicroStrategy announced that, during the period between December 9 and December 15, the company had sold an aggregate of 3,884,712 shares under the sales agreement for aggregate net proceeds to the company of approximately $1.54B. As of December 15, approximately $7.65B of shares remained available for issuance and sale pursuant to the sales agreement. During the period between December 9 and December 15, MicroStrategy acquired 15,350 bitcoins for $1.5B in cash, at an average price of approximately $100,386 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of shares under the sales agreement. As of December 15, the company held an aggregate of approximately 439,000 bitcoins, which were acquired at an aggregate purchase price of approximately $27.1B and an average purchase price of approximately $61,725 per bitcoin, inclusive of fees and expenses.
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IMMX | Hot Stocks09:53 EST Immix Biopharma announces publication of NXC-201 clinical results - Immix Biopharma announced the Journal of Clinical Oncology published NXC-201 clinical results in relapsed/refractory AL Amyloidosis. The data reported on 16 enrolled patients in NEXICART-1 who had received a median 4 prior lines of therapy prior to treatment with NXC-201. Results showed a complete response rate of 75%. Notably, findings demonstrated a favorable safety profile in frail relapsed/refractory AL Amyloidosis patients. Ex-U.S. study NEXICART-1 is the first NXC-201 clinical trial to treat relapsed/refractory AL Amyloidosis. "We are pleased that JCO has recognized the impact of NXC-201's positive clinical results in relapsed/refractory AL Amyloidosis, where no FDA drugs are approved today," said Ilya Rachman, CEO. "Building on these positive ex-U.S. results, our ongoing U.S. study is focused on relapsed/refractory AL Amyloidosis patients with preserved heart function, who we believe will benefit most from NXC-201 treatment."
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WKEY | Hot Stocks09:52 EST WISeKey International Holdings SA trading resumes
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CNL | Hot Stocks09:51 EST Collective Mining anounces death of director Paul Murphy - Collective Mining announces that Mr. Paul Murphy, a valued member of Collective's Board of Directors, passed away. Paul Murphy was a Partner of PricewaterhouseCoopers LLP from 1981 to 2010 including serving as National Mining Leader from 2004 to 2010.
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BMA | Hot Stocks09:49 EST Banco Macro rises 8.4% - Banco Macro is up 8.4%, or $7.84 to $100.82.
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HZO | Hot Stocks09:49 EST MarineMax rises 9.0% - MarineMax is up 9.0%, or $2.76 to $33.45.
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ZCAR | Hot Stocks09:48 EST Zoomcar Holdings Inc trading resumes
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BBAR | Hot Stocks09:48 EST Banco BBVA Argentina rises 10.2% - Banco BBVA Argentina is up 10.2%, or $1.75 to $18.97.
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SMR | Hot Stocks09:48 EST Nuscale Power falls -5.3% - Nuscale Power is down -5.3%, or -$1.13 to $20.00.
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OKLO | Hot Stocks09:48 EST Oklo falls -7.4% - Oklo is down -7.4%, or -$1.38 to $17.15.
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WKEY | Hot Stocks09:47 EST WISeKey International Holdings SA trading halted, volatility trading pause
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DLNG | Hot Stocks09:47 EST Dynagas LNG falls -7.7% - Dynagas LNG is down -7.7%, or -35c to $4.22.
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ZCAR | Hot Stocks09:43 EST Zoomcar Holdings Inc trading halted, volatility trading pause
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MYNZ | Hot Stocks09:43 EST Mainz Biomed NV trading resumes
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LRMR | Hot Stocks09:41 EST Larimar Therapeutics trading resumes
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LRMR | Hot Stocks09:36 EST Larimar Therapeutics trading halted, volatility trading pause
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XBIO | Hot Stocks09:35 EST Xenetic extends research collaboration with University of Virginia - Xenetic Biosciences has extended its previously announced Research Funding Agreement with the University of Virginia to advance the development of its systemic DNase program through 2025. Xenetic's DNase-based oncology platform is designed to target neutrophil extracellular traps, which are weblike structures composed of extracellular chromatin coated with histones and other proteins. In cancer, NETs are expelled by activated neutrophils into the tumor microenvironment and blood, thereby promoting cancer spread, local and systemic immunosuppression, as well as cancer-associated thrombosis. Reduction of NETs burden via application of Xenetic's proprietary recombinant human DNase I has been shown to improve efficacy of immunotherapy, adoptive cell therapy and chemotherapy in preclinical animal models. Under the terms of the Agreement, in addition to advancing Xenetic's existing intellectual property, Xenetic has an option to acquire an exclusive license to any new intellectual property arising from the DNase research program. Allan Tsung, MD, a member of the Company's Scientific Advisory Board and Chair of the Department of Surgery at the UVA School of Medicine, will continue to oversee the research conducted under the Agreement. Xenetic is working toward its planned first-in-human study to evaluate DNase combined with immune checkpoint inhibitors or chemotherapy.
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NVNO | Hot Stocks09:33 EST enVVeno Medical completes final wave of implants in pre-clinical GLP study - enVVeno Medical announced the completion of the final wave of implants for shorter-term subjects in its six-month pre-clinical GLP study for enVVe, its transcatheter-delivered replacement venous valve. The completion of all planned implants in the GLP study, including both long-term and short-term subjects, completes a critical phase of the study. The follow-up period, which began with the first wave of implants, is ongoing as scheduled. Pending successful completion of the GLP study, the Company anticipates submitting its IDE application to the FDA in mid-2025. The submission, if approved, would allow the Company to initiate the pivotal clinical trial for enVVe. Beginning early next year, the Company will begin to implement its strategy to transition from a development stage to a commercial entity for the VenoValve, while completing the necessary non-clinical and GLP testing for enVVe in preparation for its IDE application.
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MYNZ | Hot Stocks09:33 EST Mainz Biomed NV trading halted, volatility trading pause
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AYRO | Hot Stocks09:32 EST AYRO secures purchase order from top three automotive manufacturer - AYRO announced that through its partnership with GLV Ventures it has secured its first purchase order from one of the top three automotive manufacturers in the United States.
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BBAI | Hot Stocks09:31 EST BigBear.ai, Proof Labs team on CROO solution for DAF, no terms - BigBear.ai announced a collaboration with Proof Labs to deliver an advanced cyber resiliency solution for the Department of the Air Force or DAF . Proof Labs Inc, as the prime contractor, was awarded the AFWERX Small Business Innovation Research or SBIR Direct-to-Phase II contract to develop the Cyber Resilient On-Orbit CROO solution, with BigBear.ai supporting as a sub-contractor. The CROO solution will incorporate BigBear.ai's SpaceCREST technology, a comprehensive digital twin capability that serves as a real-time monitor and alerting system of a satellite network's cyber infrastructure. This project aims to enhance the security of the U.S. Air Force USAF and the U.S. Space Force USSF on-orbit assets through Artificial Intelligence/Machine Learning or AI/ML cyber intrusion detection. BigBear.ai will train the CROO's AI/ML against a wide range of simulated cyberattacks, covering well-established tactics and procedures. The CROO solution will analyze, evaluate, and classify the behavior of USSF satellite systems in normal operation, versus while under the influence of simulated cyberattacks.
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IPWR | Hot Stocks09:31 EST Ideal Power secures first design win for SSCBs - Ideal Power announced the Company secured its first design win for solid-state circuit breakers, SSCBs, with one of the largest circuit protection equipment manufacturers in Asia serving the industrial and utility markets.
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BB | Hot Stocks09:29 EST Arctic Wolf to acquire BlackBerry's Cylance assets for $160M - Arctic Wolf and BlackBerry have entered into a definitive agreement for Arctic Wolf to acquire BlackBerry's Cylance endpoint security assets. Cylance is the pioneer of AI-based endpoint protection trusted by thousands of organizations around the world. With this acquisition, Arctic Wolf ushers in a new era of simplicity, flexibility, and outcomes to the endpoint security market, delivering the security operations results customers have been asking for. Under the terms of the agreement, BlackBerry will sell its Cylance assets to Arctic Wolf for $160 million of cash, subject to certain adjustments, and approximately 5.5 million common shares of Arctic Wolf. After allowing for the purchase price adjustments, BlackBerry will receive approximately $80 million of cash at closing and approximately $40 million of cash one year following the closing. The proposed transaction is subject to customary closing conditions and is expected to close in BlackBerry's fourth fiscal quarter. With the addition of Cylance's trailblazing suite of endpoint security capabilities and enhanced AI functionality, Arctic Wolf will bolster its position as a market-leading platform provider, offering coverage from the endpoint to the edge. As many organizations are looking to consolidate an increasing number of disparate security tools, there is a rapidly growing demand for end-to-end platforms. There will be no impact to BlackBerry's Secure Communications portfolio of businesses, which include BlackBerry UEM, BlackBerry AtHoc and BlackBerry SecuSUITE. The Secure Communications business will remain an integral part of the BlackBerry portfolio.
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FRLA | Hot Stocks09:27 EST Fortune Rise Acquisition terminates business combination with Water On Demand - Fortune Rise Acquisition Corporation did not complete its initial business combination and has mutually terminated its Business Combination Agreement with Water On Demand. Therefore, the Company will dissolve and liquidate. On December 9, 2024, FRLA and WODI-PWT entered into a Mutual Termination Agreement pursuant to Section 7.1(a) of the Business Combination Agreement, dated October 24, 2023, by and among FRLA, WODI-PWT and FRLA Merger Sub, Inc., a Delaware corporation. Capitalized terms not otherwise defined in this paragraph have the meanings ascribed to them in the Business Combination Agreement, and section references in this notice are references to sections of the Business Combination Agreement. FRLA's amended and restated certificate of incorporation requires FRLA to complete its initial business combination by no later than May 5, 2025, provided monthly extension deposits are received in the trust account for the benefit of FRLA's stockholders. As FRLA has terminated the Business Combination Agreement, it did not make the monthly extension deposit due December 5, 2024; therefore, the Existing Company Charter requires FRLA to, and FRLA will: cease all operations except for the purpose of winding up, as promptly as reasonably possible but not more than ten business days thereafter subject to lawfully available funds therefor, redeem 100% of the Offering Shares in consideration of a per-share price, payable in cash, equal to the quotient obtained by dividing the aggregate amount then on deposit in the Trust Account, including interest, by the total number of then outstanding Offering Shares, which redemption will completely extinguish rights of the Public Stockholders, subject to applicable law, and as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Board in accordance with applicable law, dissolve and liquidate, subject in each case to the Corporation's obligations under the DGCL to provide for claims of creditors and other requirements of applicable law. All terms in this section not defined herein shall have the meaning under the Existing Company Charter. As of December 11, 2024, after giving effect to the redemption payments required to be made in connection with FRLA's stockholder meeting held November 4, 2024, the per-share redemption price for the Class A common stock of FRLA was approximately $11.94, which will be further adjusted, as described below. In accordance with the terms of the related trust agreement, FRLA expects to retain $50,000 of the interest and dividend income from FRLA's trust account to pay dissolution expenses. The balance of FRLA's trust account, including the reduction for the dissolution expenses, as of December 11, 2024, was approximately $10.0 million. FRLA is calculating taxes due for 2023 and 2024 that will be removed from the trust account prior to any Redemption Amount being paid to the holders of FRLA's public shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to FRLA's transfer agent, VStock Transfer, LLC. The number of remaining public shares of FRLA as of December 11, 2024 was 843,183. Beneficial owners of FRLA's public shares held in "street name," however, will not need to take any action in order to receive the Redemption Amount. There will be no redemption rights or liquidating distributions with respect to FRLA's warrants, which will expire worthless. As of December 6, 2024, FRLA ceased all operations except for those required to wind up its business.
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SBLK | Hot Stocks09:25 EST Star Bulk cancels existing $50M share repurchase, authorizes $100M repurchase - On December 13, 2024, the Board of Directors cancelled the existing $50M share repurchase program and authorized a new share repurchase program of up to an aggregate of $100.M under the same conditions applying as per the previous share repurchase program. Pursuant to the New Share Repurchase Program and using proceeds from previous vessel sales, the Company bought back 293,474 shares at an average price of $15.5. The repurchased shares will be withdrawn and cancelled, leaving the total number of shares issued and outstanding post cancellation at 117,730,112.
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SBLK | Hot Stocks09:24 EST Star Bulk Carriers announces amended dividend policy - Star Bulk Carriers announced that the Company's Board further amended its dividend policy which was in place since 2021. Under the amended dividend policy, as set out herein below, the Company may approve an allocation of up to 60% of cash flow from operations less debt amortization, less maintenance/upgrade CAPEX less any deficit of cash below $2.1 million per owned vessel towards quarterly shareholder dividends. Any remaining Cash Flow to be allocated, at the Company's discretion, to: Share repurchases: Buybacks will be prioritized when the share price is trading at a significant discount to the estimated net liquidation value of the Company's hard assets Growth Opportunities: Cash Flow may be also used for opportunistic vessel acquisitions and investments that will create enhanced returns over time and for general corporate purposes.
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DRMA | Hot Stocks09:23 EST Dermata Therapeutics receives FDA approval for Xyngari proprietary name - Dermata Therapeutics received approval from U.S. Food and Drug Administration of the proprietary name, Xyngari, for its Phase 3 clinical drug candidate in acne. The proprietary name, Xyngari, is approved pending the successful submission and acceptance of a new drug application. The Xyngari Phase 3 Spongilla Treatment of Acne Research clinical study will evaluate the efficacy, safety, and tolerability of Xyngari in patients with moderate-to-severe facial acne. The STAR-1 study is a randomized, double-blind, and placebo-controlled study with 520 patients enrolled with moderate-to-severe acne, ages 9 years and older in the United States and Latin America. The primary endpoints include the mean change from baseline in inflammatory and noninflammatory lesion counts and the Investigator Global Assessment treatment response. IGA is measured on a 5-point scale, with a treatment response defined as at least a 2-point improvement from baseline and an IGA score of 0 or 1. Patients are treated once-a-week for 12 weeks with either Xyngari or placebo and are evaluated monthly. The STAR-1 study is the first of two pivotal Phase 3 studies required by the FDA, of which the second Phase 3 study will be followed by an extension study. If positive, the results from both Phase 3 studies would be used to support the filing of an NDA with FDA.
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HWH | Hot Stocks09:21 EST HWH International enters collaboration with Asia Business College - HWH International announced a strategic partnership with Asia Business College to launch its Hapi Wealth program in China in the first quarter of 2025. Hapi Wealth is HWH's flagship program dedicated to providing comprehensive knowledge in equity investment and wealth-building strategies. Following a successful soft launch in November 2024, which garnered keen interests from selected potential facilitators, the official launch is scheduled for the first quarter of 2025. Building on the momentum, HWH plans to expand Hapi Wealth globally, with a targeted rollout in North America thereafter. To further support its mission, Hapi Wealth has established its China headquarters as a dedicated hub, providing a collaborative and supportive environment for individuals to engage in in-person tutorials and workshops. This space is designed to foster deeper understanding of equity investment and facilitate the practical application of wealth-building strategies. The strategic partnership with Asia Business College will further amplify HWH's mission by delivering high-quality educational materials on equity investment and wealth-building strategies to a broader audience. The collaboration will initially focus on content delivery in Chinese and English, with plans to expand into additional languages in the near future. HWH also plans to leverage its network of Hapi Cafes as venues for program sessions, promotions, and community-building efforts. By combining in-person engagement with its financial education initiatives, HWH aims to create a stronger connection with participants while driving interest in its broader suite of offerings. These programs will be rolled out at key locations across Asia, including community colleges, Hapi Cafes, and other strategic venues.
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ONDS | Hot Stocks09:20 EST Ondas note holder purchases additional $11.5M of convertible notes - Ondas Holdings annouced a note holder has elected to purchase $11.5 million in aggregate principal amount of 3% senior convertible notes due 2026. Also, if elected by the note holder, Ondas Holdings may complete additional closings of up to an additional $18.9 million in aggregate principal amount. The proceeds from the investment in Ondas Holdings will be used for general corporate purposes and will be primarily allocated to supporting the growth of the Company's drone business, Ondas Autonomous Systems. Oppenheimer & Co. Inc. will act as placement agent in connection with the Offering.
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MHH | Hot Stocks09:20 EST Mastech Holdings trading resumes
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YHC | Hot Stocks09:19 EST LQR House regains compliance with Nasdaq Capital Market - On December 13, 2024m LQR House received a notice from the Nasdaq Capital Market informing the Company that it regained compliance with Nasdaq's minimum bid price requirement for continued listing on set forth in Nasdaq Listing Rule 5550(a)(2). According to the notice, on August 12, 2024, Nasdaq notified the Company that its common stock failed to maintain a minimum bid price of $1.00 over the previous 30 consecutive business days as required by the Listing Rules of The Nasdaq Stock Market. Since then, Nasdaq has determined that for the last 10 consecutive business days, from November 29 through December 12, 2024, the closing bid price of the Company's common stock has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5550(a)(2), and this matter is now closed.
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YHC | Hot Stocks09:18 EST LQR House announces 19.95% year-over-year revenue growth in November - LQR House announced financial results for November 2024, highlighting a 19.95% increase in revenue year-over-year compared to November 2023, and a significant 61% month-over-month revenue increase from October to November 2024. The Company believes that this growth showcases LQR House's ongoing commitment to innovation and its ability to scale operations successfully in a highly competitive market. In November 2023, the Company generated $320,666.51 in revenue. For November 2024, LQR House reported $384,662.12-an increase of $63,995.61. Additionally, the month-over-month revenue jumped from October 2024 to November 2024, which underscores LQR House's robust performance during the critical holiday season. This achievement is particularly noteworthy, as November 2024's revenue figures do not include Cyber Monday sales, unlike the November 2023 numbers, which benefitted from Cyber Monday. Sean Dollinger, CEO of LQR House, shared his enthusiasm for the results "November kicks off the busiest season for alcohol sales, including Black Friday, making it one of our favorite times of the year. With Cyber Monday falling in December this year, we faced the challenge of surpassing last November's numbers without those additional sales. The LQR House team rose to the occasion, and we delivered. Many investors closely following our journey may have questioned whether we can sustain our growth momentum since acquiring CWSpirits.com in November 2023. We believe that achieving a 19.95% year-over-year revenue increase in November-and a 61% month-over-month jump-confirms our ability to scale the platform and potentially lead in alcohol marketing. It's a significant win for the team, and we are committed to building on this success."
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GNPX | Hot Stocks09:18 EST Genprex receives Safety Review Committee approval to advance Acclaim-3 trial - Genprex announced that it has completed the Phase 1 dose escalation portion of the Acclaim-3 clinical trial of Reqorsa Gene Therapy in combination with Tecentriq as maintenance therapy to treat patients with extensive stage small cell lung cancer, ES-SCLC. In addition, the Safety Review Committee, SRC, has approved the opening of the Phase 2 expansion portion of the trial.
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PC | Hot Stocks09:16 EST Premium Catering receives non-compliance notice from Nasdaq - Premium Catering received a notice from the Nasdaq Stock Market that the Company is currently not in compliance with the minimum market value of listing securities of $35,000,000 for continued listing of the Company's ordinary shares on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(b)(2). Nasdaq calculates the MVLS based upon the most recent total shares outstanding multiplied by the closing bid price. The MVLS Notice indicated that the Company has 180 days, or until June 9, 2025, to regain compliance with the MLVS Requirement by having its MVLS close at $35,000,000 or more for a minimum of ten consecutive business days. If at any time prior to June 9, 2025, the Company's MVLS closes at $35,000,000 or more for a minimum of ten consecutive business days, Nasdaq will provide a written confirmation of compliance and the matter regarding the Company's MLVS will be closed. Receipt of the MVLS Notice does not result in the immediate delisting of the Company's ordinary shares and has no immediate effect on the listing or the trading of the Company's ordinary shares on the The Nasdaq Capital Market under the symbol "PC". On December 11, 2024, the Company received a further notice from Nasdaq indicating that the Company's ordinary shares failed to maintain a minimum bid price of $1.00 over the last 30 consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). Receipt of the Minimum Bid Price Notice does not result in the immediate delisting of the Company's ordinary shares and has no immediate effect on the listing or the trading of the Company's ordinary shares on the The Nasdaq Capital Market under the symbol "PC". Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company has a compliance period of 180 calendar days from the date of the Minimum Bid Price Notice, or until June 9, 2025, to regain compliance with the Minimum Bid Requirement. If at any time before June 9, 2025, the closing bid of the Company's ordinary shares is at least $1.00 for a minimum of 10 consecutive business days, the Company will be deemed to have regained compliance with the Minimum Bid Requirement following which Nasdaq will provide a written confirmation of compliance and the matter will be closed. In the event the Company does not regain compliance with the Minimum Bid Price Requirement, the Company may be eligible for additional time. To qualify for the additional time, the Company will be required to meet the continued listing requirements for market value of publicly held shares and all other listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split if necessary. The MVLS Notice, however, contained a footnote referencing that the Company currently does not meet the other listing requirements under the Listing Rule 5550(b)(1) and 5550(b)(3), and is not in compliance with the listing standards which are: an equity standard that the Company maintain stockholders' equity of at least $2.5 million; and a net income standard regarding the Company's continuing operations of $500,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years. Neither the MVLS Notice nor the Minimum Bid Price Notice will have any immediate effect on the listing of the Company's Ordinary Shares, which continue to trade on The Nasdaq Capital Market under the symbol "PC". The Company intends to monitor its MVLS and Minimum Bid Price and may, if appropriate, consider implementing available options, including a reverse stock split, to regain compliance with the MVLS and Minimum Bid Price listing standards. If the Company does not regain compliance by the Compliance Deadlines, the Company will receive further written notification from Nasdaq that its securities are subject to delisting. At that time, the Company may qualify for additional time or appeal the delisting determination to a hearings panel. .
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MITI | Hot Stocks09:15 EST Mitesco announces expanded capabilities at Florida data center - Mitesco's Centcore announced expanded capabilities at its data center in Melbourne, Florida. This facility is designed to provide highly secure, high performance computing for a wide range of applications from: Business automation applications and secure remote backup, both domestically and at specific international locations; Enterprise computing applications such as SAP and Oracle and; Infrastructure simulation, design and maintenance, including GIS, LIDAR processing, and other analytical applications. This facility is configured to meet the growing demand for secure, scalable, and energy-efficient data storage solutions while ensuring maximum uptime and seamless connectivity for businesses of all sizes. Key to its attributes is its pricing, specifically offered at a substantial cost savings when compared to AWS, Microsoft Azure, Google Cloud or Oracle.
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AKTX AWH | Hot Stocks09:13 EST Akari Therapeutics appoints Torsten Hombeck as CFO - Akari Therapeutics announced the appointment of Torsten Hombeck, Ph.D. as CFO. Prior to joining Akari, Dr. Hombeck served as the CFO, Corporate Secretary and SVP at Aspira Women's Health (AWH). Prior to that, Dr. Hombeck served as the CFO of Akari Therapeutics from 2019-June 2023 where he raised over $50 million during his tenure.
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NWVCF | Hot Stocks09:12 EST EnWave appoints Louise Lalonde to board of directors - EnWave announced that Louise Lalonde has been appointed to EnWave's Board of Directors, and will assume the role of Audit Committee Chair. Ms. Lalonde is a Certified Public Accountant with more than 30 years of experience in accounting, governance, risk consultancy and compliance. Ms. Lalonde was a partner at Price Waterhouse Coopers and has executive experience in the manufacturing and service sectors. Lalonde's appointment coincides with the retirement of Ms. Mary Ritchie, EnWave's current Audit Committee Chair. Upon her appointment to the Board of Directors, the Company has granted Ms. Lalonde an aggregate of 150,000 incentive stock options. The grant of Options is subject to the terms of the Company's Stock Option Plan, exercisable at a price equal to $0.19, the closing price of the Company's common shares on December 13, 2024.
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LPSN | Hot Stocks09:11 EST LivePerson announces appointment of two new board members - LivePerson announces the appointment of two new board members, Dan Fletcher and Karin-Joyce Tjon. Dan Fletcher currently serves as Chief Financial Officer of SaaS provider Planful. Karin-Joyce Tjon held senior roles such as CFO at Alorica.
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CNH | Hot Stocks09:11 EST CNH Industrial designs special edition CASE compact track loader - A special edition compact track loader from CNH construction brand CASE Construction Equipment was on display at the YouTube Theater in Inglewood, California, USA at the Helping Hands charity concert. Held on December 13, this annual event is organized by the rock band Metallica's All Within My Hands charitable foundation. Following its debut, this custom-designed CASE TV450B compact track loader is destined for use at the ranch of Metallica frontman and co-founder James Hetfield. Hetfield commissioned the design as part of an equipment supply agreement with our CASE brand.
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SCLX ORMP | Hot Stocks09:10 EST Scilex announces early installment payment on senior secured promissory note - Scilex Holding Company has voluntarily made an early installment payment in the aggregate amount of $13.2 million under its senior secured promissory note issued to Oramed Pharmaceuticals in September 2023. Subsequent to this early installment payment, the remaining principal balance under the Oramed Note will be payable in one final payment on March 21, 2025, and the Oramed Note will be retired in its entirety.
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FDS | Hot Stocks09:10 EST Mosaic announces strategic integration with FactSet data - Mosaic announced the release of its integration with FactSet, supercharging the Mosaic platform with high quality financial data from FactSet for mutual customers. FactSet's financial and market data will automatically populate Mosaic's deal modeling engine for seamless, rapid screening of public-to-private transactions.
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NXST | Hot Stocks09:09 EST Nexstar's NewsNation and reporter Chris Cuomo in multi-year deal - NewsNation announced that anchor and reporter Chris Cuomo has reached a multi-year agreement with the network to continue hosting his top-rated primetime program, CUOMO, weeknights at 8 p.m. ET. "Chris is a one-of-a-kind talent whose unrivaled analysis and commentary have helped grow the audience at NewsNation and strengthen our brand," said Sean Compton, President of Nexstar's Networks Division. "He believes strongly in NewsNation's mission of delivering 'News for All Americans' and we are extremely pleased that he will remain a staple of the network's primetime lineup." Commenting on the announcement, Mr. Cuomo said, "Of course I am staying. Where else but NewsNation can you expose the game instead of being forced to play? Let's get after it!" Throughout his career as a broadcast journalist, Mr. Cuomo has conducted countless news interviews with world leaders, sitting Presidents and First Ladies, politicians, and celebrities, including the President of Ukraine, Since its launch in 2022, ratings for CUOMO have doubled across key measurements, increasing by 54 percent in total viewers and 28 percent among adults 25-54.
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EVCM | Hot Stocks09:09 EST EverCommerce reprices credit agreement - EverCommerce repriced the fixed rate component of its $533.5 million term loan as part of its continued transformation and optimization efforts. The term loan was repriced at par and will bear an interest rate of SOFR plus 2.50%. The repricing reduced the fixed component of the interest rate determination by 50 basis points and eliminated the credit spread adjustment, resulting in an annualized interest cost savings of approximately $3.3 million on the outstanding principal amount as of September 30, 2024. There were no other material amendments to the term loan credit facility other than the repricing. EverCommerce previously announced the execution of a series of interest rate swaps with a combined notional amount of $425 million, effectively reducing the company's floating rate exposure.
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ANGH | Hot Stocks09:08 EST Anghami secures significant investment from OSN Group - Anghami announced that it secured a significant new round of funding, from OSN Group of up to USD $55 million with a USD $12 million initial investment in a convertible note program. This investment represents a significant milestone in Anghami Inc.'s journey to redefine digital entertainment in the MENA region, further solidifying its position as the go-to destination for premium audio and video content.
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FAT | Hot Stocks09:08 EST Johnny Rockets reports eleven new international openings in 2024 - FAT Brands announces eleven new international openings for Johnny Rockets in 2024. International locations account for approximately 55 percent of Johnny Rockets worldwide and are a key growth area for the brand.Since January 2024, Johnny Rockets has opened two locations in Chile, two locations in Bali, Indonesia, four locations in Mexico, two locations in Brazil and one ghost kitchen in the United Arab Emirates. Non-traditional locations at Fantislandia II Theme Park in Chile, Juazeiro de Norte Airport in Brazil, Gusti Ngurah Rai International Airport in Bali, Aeropuerto Internacional Felipe Angeles and Aeropuerto Internacional de Ciudad Juarez in Mexico accounted for five of the eleven recent openings abroad, underscoring Johnny Rockets' strength in and commitment to continued growth in non-traditional spaces such as airports and theme parks.
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DXC | Hot Stocks09:07 EST DXC Technology, Blackout Technologies announce new partnership - DXC Technology and UK based Blackout Technologies announced a new partnership to enhance security for enterprises worldwide. Together, DXC and Blackout will help companies better manage compliance for personal smart devices as well as increase productivity by optimizing device functionality.
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TTOO | Hot Stocks09:07 EST T2 Biosystems extends multi-year supplier agreement with Vizient - T2 Biosystems announced that its multi-year capital equipment supplier agreement with Vizient has been extended through March 31, 2026. The products covered under the contract with Vizient include the T2Dx Instrument, the T2Bacteria Panel and the T2Candida Panel, which detect sepsis-causing bacterial and fungal pathogens directly from whole blood. Through the extended contract, Vizient members will continue to have access to broader exposure and contracted pricing for the T2Dx Instrument, the T2Bacteria Panel and the T2Candida Panel, the only FDA-cleared products able to detect sepsis-causing pathogens directly from whole blood.
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TANH | Hot Stocks09:07 EST Tantech Holdings establishes new U.S-based subsidiaries - Tantech announced that Tantech has established two subsidiaries in the United States, Gohomeway Inc and Gohomeway Group Inc. The new companies aim to support the Company's growing demand for overseas business, increase its presence in the green building materials sector, and expand its operations in this field.
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LZ | Hot Stocks09:06 EST LegalZoom, 1-800Accountant partner for full-service tax, bookkeeping solutions - LegalZoom announced a multi-year strategic partnership with 1-800Accountant. With this partnership, LegalZoom will offer customers access to year-round, full-service bookkeeping and tax solutions delivered by 1-800Accountant, ensuring small business owners can access tax preparation support that best meets their needs. This collaboration enhances LegalZoom's ecosystem of products, partnerships and services that support small business owners' legal, compliance, and business management requirements.
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JELD | Hot Stocks09:06 EST Jeld-Wen entered into asset purchase agreement for sale of Towanda for $115M - JELD-WEN announced that, in compliance with the court-ordered divestiture of its Towanda, Pennsylvania business and related assets, JELD-WEN has entered into an asset purchase agreement for the sale of Towanda to Woodgrain for approximately $115M, subject to certain adjustments and closing conditions. "After many years of working through the court-ordered divestiture of Towanda, we have now reached an important inflection point in this process. We continue to evaluate our options in this unprecedented legal proceeding, but following a thorough review, we have concluded that it is in the best interest of the Company and its stakeholders to proceed with closing the transaction at this time. Regardless, JELD-WEN is well positioned to continue to service and supply its door customers at the high level they have come to expect from us," said Chief Executive Officer William Christensen.
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CORT | Hot Stocks09:05 EST Corcept Therapeutics presents results from relacorilant study - Corcept Therapeutics presented results from its Phase 3 long-term, open-label extension study of relacorilant to treat patients with endogenous hypercortisolism at the WCIRDC. The results from this study demonstrated that patients treated with relacorilant experienced clinically meaningful and durable cardiometabolic improvements and relacorilant was well-tolerated, with a treatment duration of up to six years. The Phase 3 long-term extension study enrolled 116 patients who had previously completed either Corcept's Phase 3 GRACE or GRADIENT studies or its Phase 2 study in hypercortisolism. Patients experienced further improvement in blood pressure while maintaining response in other cardiometabolic measures, such as glycemic control and body weight. Consistent with its known safety profile, relacorilant was well-tolerated with a treatment duration of up to six years. At month 24 of the study, patients exhibited clinically meaningful and statistically significant reductions in mean systolic blood pressure and mean diastolic blood pressure, compared to their measurement at entry into the long-term extension study. Patients who resumed receiving relacorilant in the extension study, after being switched to placebo in the randomized-withdrawal phase of the GRACE study, experienced both a reversal of the deterioration they exhibited while receiving placebo and additional improvement beyond their blood pressure measurement at entry into the randomized portion of the study. To ensure accuracy, blood pressure was measured by 24-hour ambulatory blood pressure monitoring.
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COCH | Hot Stocks09:04 EST Envoy Medical announces four new patents - Envoy Medical announces four new patents. The US Patent & Trademark Office issued Envoy Medical Corporation US Pat. No. 12,151,102 on November 25, 2024. The title of the patent is Combination Hearing Aid and Cochlear Implant System. This patent relates to updating a transfer function associated with an implanted signal processor of a cochlear implant system to compensate for operation of an external auditory aid device, such as a hearing aid, that affects a stimulus received at an input source of the cochlear implant system and input signals representative of the stimulus. The European Patent Office will grant European Patent No. 4255554 to Envoy Medical Corporation on January 1, 2025. The title is Combination Hearing Aid and Cochlear Implant System. This patent relates to cochlear implant systems and receiving a status indicator signal indicative of whether an external auditory aid device is active, and updating a transfer function of a signal processor of the cochlear implant system to compensate for operation of the external auditory aid device if it is active. The European Patent Office will grant European Patent No. 4255555 to Envoy Medical Corporation on January 1, 2025. The title is Cochlear Implant Stimulation Calibration. This patent relates to calibrating current flow in a cochlear implant system. A switching network can be controlled to place a source element of a cochlear implant system in communication with a testing circuit. An amount of electrical current provided to the testing circuit can be determined, and the output of the source element can be adjusted based on the determined amount of electrical current. The European Patent Office will grant European Patent No. 4319866 to Envoy Medical Corporation on January 1, 2025. The title is Cochlear Implant System with Electrode Impedance Diagnostics. This patent relates to electrode impedance diagnostics in cochlear implant systems. A cochlear implant system can determine an impedance associated with a current path from a source element to a return electrode and determine one or more stimulation parameters for the source element based on the impedance. An example stimulation parameter can include a compliance voltage for the source element to provide a prescribed current.
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THAR | Hot Stocks09:03 EST Tharimmune provides business update, corporate highlights - Throughout 2024 Tharimmune achieved significant milestones across three key areas. These accomplishments reflect progress in advancing innovative therapies in inflammation and immunology, with a focus on improving patient outcomes in areas of high unmet need. Manufacturing, Clinical and Regulatory Progress: Validation and batches of manufacturing supply of TH104 for Phase 2 clinical study are on track for year-end. Announced positive results from a Phase 1 clinical trial of TH104 in healthy subjects, demonstrating a favorable pharmacokinetic profile and a mild side-effect profile. Received positive regulatory feedback from the FDA and EMA for the TH104 clinical program, providing guidance on the Phase 2 trial design. Granted a patent from the European Patent Office covering therapeutics created for carrying antibody and peptide therapies, representing a novel solution and addressing critical challenges with stability and absorption. Medical and Scientific Community Engagement: Participated in key industry conferences to present new clinical data and engage with the scientific community. Presented favorable clinical data at the American College of Gastroenterology Annual Scientific Meeting, reinforcing the safety profile of TH104 with no unexpected treatment-emergent adverse events. Shared positive clinical data at the American Association for the Study of Liver Diseases The Liver Meeting, highlighting a significant correlation between blood levels and symptom relief in patients treated with TH104. Corporate Achievements: Entered into a licensing agreement with Intract Pharma, aiming to expand Tharimmune's product pipeline to develop oral biologics including an oral formulation of infliximab. Entered into a licensing agreement with OmniAb, accessing their antibody discovery technology platform to enhance Tharimmune's early-stage immunology pipeline. Appointed David Jones, Professor of Liver Immunology at Newcastle University in England and renowned scientist with extensive expertise in hepatic pathologies and PBC, to Tharimmune's Scientific Advisory Board. Completed private placement financings, raising more than $4 million to support clinical development and working capital, including TH104 development program. The multicenter, randomized, double-blind, placebo-controlled Phase 2 trial is designed to assess the safety, tolerability and efficacy of TH104 in reducing itch in PBC patients with moderate-to-severe pruritus, a condition that significantly impacts daily lives and remains an area of unmet medical need. The study plans to enroll approximately 40 patients at sites in the U.S., Europe and the UK. Patients will receive escalating doses of TH104 in a nine-week study that includes treatment and observation periods, with efficacy measured by changes in patient-reported itch scores utilizing the Worst-Itch Numerical Rating Scale, a relevant clinical outcome assessment for pruritus, as well as other quality-of-life metrics. Additionally, Tharimmune announced the appointment of Sanam Parikh to its Board of Directors, expanding the size of its Board to six Directors. Mr. Parikh brings to Tharimmune significant experience in clinical trial management, regulatory submissions and operational oversight.
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THAR | Hot Stocks09:00 EST Tharimmune announces Phase 2 study plan for TH104 - Tharimmune announced plans for initiating a Phase 2 study evaluating TH104 in patients suffering from moderate-to-severe pruritus associated with primary biliary cholangitis, a rare and chronic liver disease, and also provided a corporate update. The launch of this clinical trial, expected in 2025, follows favorable results from Tharimmune's Phase 1 study with TH104, recent regulatory feedback from the European Medicines Agency and the U.S. Food and Drug Administration, as well as progress on manufacturing clinical study supply.
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ADBRF | Hot Stocks08:58 EST NOA Lithium completes acquisition of Rio Grande Project properties - NOA Lithium Brines has completed the last outstanding property payment related to its Rio Grande Project in Argentina. Upon the payment of $300,000 made to Aldebaran Resources, NOA now owns 100% of El Camino property, which is a fully permitted claim within NOA's 37,000 hectares Rio Grande Project, located in the Salta Province.
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SEZL | Hot Stocks08:57 EST Sezzle, Bealls partner to transform holiday shopping - Sezzle announced its partnership with Bealls. With this collaboration, Sezzle flexible payment options are now available to their guests, online and across its more than 650 stores, just in time to ensure a seamless and stress-free holiday shopping experience. Approaching its milestone 110th anniversary next year, Bealls Inc. continues to solidify its legacy as a trusted destination for apparel, home goods, and gifts by embracing forward-thinking solutions that enhance the shopping experience. The introduction of Buy Now, Pay Later with Sezzle highlights the commitment by Bealls Inc. to meeting the evolving needs of its loyal shoppers while maintaining its reputation for providing exceptional value.
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MCHP | Hot Stocks08:55 EST Microchip announces new family of ATA650x CAN FD SBCs - Microchip Technology announces the new family of ATA650x CAN FD System Basis Chips with a fully integrated high-speed CAN FD transceiver and a 5V Low-Drop Voltage Regulator available in compact 8-, 10- and 14-pin space-saving packages. The ATA650x CAN FD SBCs offer a tiny footprint of 2 mm x 3 mm for the VDFN8 package, 3 mm x 3 mm for the VDFN10 package and 3 mm x 4.5 mm for the VDFN14 package. With a built-in high-speed CAN FD transceiver, the SBCs support data transmit and receive rates of up to 5 Mbps. A robust solution for space and power-constrained applications, these SBCs exhibit very low power consumption, with a typical sleep current of just 15 muA. The ATA650x SBCs enable control of the VCC supply voltage by the bus signals, which reduces the current consumption of automotive Electronic Control Units. To further reduce power consumption, the SBCs can disable the microcontroller supply by switching off LDOs during sleep mode.
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AWH | Hot Stocks08:54 EST Aspira CEO Nicole Sandford to depart, Sandra Milligan named interim - Aspira Women's Health announced that Nicole Sandford, CEO and Board member, will be departing the Company to focus on a family health matter. Aspira's President Dr. Sandra Milligan will step into the role of interim CEO while a nationwide search of internal and external candidates is conducted. Ms. Sandford's departure will be effective immediately. She will remain as a consultant to ensure a seamless transition.
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CMND | Hot Stocks08:53 EST Clearmind, Dr Glitter sign term sheet for development of alcohol substitute - Clearmind Medicine has signed a non-binding term sheet with Dr. Glitter. The two companies plan to collaborate on the development and commercialization of Clearmind's proprietary MEAI-based alcohol substitute and Dr Glitter's proprietary ActivCrystal technology. The term sheet outlines preliminary terms that, upon the mutual agreement of the parties, will be memorialized in a definitive agreement that sets forth a framework for advancing Clearmind and Dr Glitter's innovations. Under the terms of the term sheet, upon the execution of the definitive agreement, the parties will work together to develop MEAI-based alcohol alternative aimed to naturally replicate the known sensations from drinking alcohol without the associated health risks or hangover. In ActivCrystal format, Clearmind's MEAI-based alcohol alternative may be sprinkled into users' choice of beverage or food, and dosage may be varied by users individually. This collaboration has the potential to mark an important milestone in Clearmind's strategy to bring MEAI to global markets, addressing the urgent need for innovative solutions to combat alcohol misuse - a major contributor to countless annual deaths worldwide.
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TLS | Hot Stocks08:51 EST Telos expands enrollment, renewal options by opening fifteen locations - Telos Corporation continues to expand locations to enroll consumers in the TSA PreCheck program by opening 15 new locations in Arizona, California, Colorado, Florida, Georgia, Illinois, Kansas, Ohio, Tennessee, Texas and Washington. These locations began offering enrollment services today, December 16, 2024. Telos now has 188 TSA PreCheck enrollment centers open in 29 states across the U.S. The launch of these new enrollment centers represents the ongoing expansion of Telos' national TSA PreCheck enrollment footprint. Throughout 2024 and 2025, Telos will continue delivering convenience to consumers by launching additional locations and extended hours of operation for enrollment and renewals.
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SAIC | Hot Stocks08:50 EST SAIC awarded prime position on $1.8B PRISM contract to support DoD - Science Applications International Corp. has been awarded a prime position on the $1.8B Personnel and Readiness Infrastructure Support Management Multiple Award Task Order Contract vehicle to support the Department of Defense and its need to obtain critical services in a shorter time frame. The contract award is for one base year and four option years. The PRISM contract provides the Office of the Undersecretary of Defense for Personnel and Readiness and strategic partners with innovative and cost-effective services through the use of Streamline Task Order Ordering Procedures. These procedures result in a significant reduction in acquisition lead time and increased flexibility for the entire acquisition process.
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NAMS | Hot Stocks08:50 EST Menarini announces topline data from Phase 3 BROADAY, TANDEM trials - Menarini Group announces positive topline data from the Phase 3 BROADWAY and the Phase 3 TANDEM clinical trials sponsored by NewAmsterdam Pharma Company, a late-stage, clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease, CVD, with elevated low-density lipoprotein cholesterol, for whom existing therapies are not sufficiently effective or well tolerated. Both pivotal studies achieved primary endpoints of LS mean reduction in LDL-C on top of maximally tolerated lipid-modifying therapies with high statistical significance. Approximately 50% of patients in BROADWAY and over 70% of patients in TANDEM achieved LDL-C target below 55 mg/dL. In BROADWAY a 21% reduction in major adverse cardiovascular events favoring Obicetrapib was observed at one year. In both studies, Obicetrapib monotherapy and the fixed dose combination with Ezetimibe were shown to be well tolerated.
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COHR | Hot Stocks08:48 EST Coherent launches next generation ARM FL - Coherent announced the launch of its latest generation adjustable ring mode fiber laser ARM FL. This next generation platform, featuring a new advanced controller, offers all the functions of its predecessor while reducing the volume and footprint by 50%. The demand for compact, high-performance laser solutions has been steadily increasing, particularly in industries such as automotive and electronics manufacturing. The new ARM FL addresses this need by offering a smaller form factor without compromising on power or precision. Its modular design enables future customization and adaptation to fast-changing customer requirements. Production ramp-up of the next generation ARM FL products will begin in spring 2025. With this updated design Coherent ensures customers can implement smooth transitions for their production lines to the new ARM FL fiber laser.
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ASND | Hot Stocks08:48 EST Ascendis Pharma announces results from New InsiGHTS tril of TransCon hGH - Ascendis Pharma announced Week 26 topline results from New InsiGHTS, its Phase 2 randomized, open-label, active-controlled trial in the U.S. to investigate the safety, tolerability, and efficacy of once-weekly TransCon hGH compared to daily somatropin in prepubertal children with Turner syndrome. New InsiGHTS randomized and dosed 49 children with Turner syndrome aged 1 to 10 years old into one of four treatment groups 1:1:1:1 - one of three starting doses of TransCon hGH or an active comparator of daily somatropin with a starting dose of 0.35 mg/kg/week. Doses were individualized based on IGF-1. On the primary endpoint of annualized height velocity and secondary endpoint of change from baseline in height SDS, children treated with TransCon hGH demonstrated improved growth similar to daily somatropin at Week 26, independent of starting dose. In the trial, TransCon hGH was generally safe and well tolerated, with no discontinuations related to study drug and with comparable safety and tolerability to daily somatropin. Ascendis expects Week 52 results for lonapegsomatropin-treated children compared to daily somatropin-treated children in 2025.
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BIOYF | Hot Stocks08:46 EST Biosyent announces renewal of normal course issuer bid - BioSyent announced that the TSX Venture Exchange has accepted the Company's Notice of Intention to Make a Normal Course Issuer Bid. Pursuant to the NCIB, BioSyent may purchase up to 690,000 of its common shares over a 12-month period, representing approximately 6.07% of the Shares outstanding as of December 13, 2024. The NCIB will commence on December 19, 2024 and terminate on December 18, 2025, or such earlier date on which purchases under the NCIB have been completed. Purchases of Shares under the NCIB will be made through the facilities of the TSX-V or alternative Canadian trading systems at the market price of the Shares at the time of acquisition. The number of Shares the Company is permitted to purchase during any 30-day period is limited to 227,393 Shares, representing 2% of the total outstanding Shares. It is the Company's intention to cancel the majority of the Shares repurchased with a limited number of Shares to be held in trust for future issuance under the Company's RSU Plan. All Shares repurchased under the NCIB will be funded from the Company's cash reserves. BioSyent has entered into an automatic share purchase plan with a broker, Raymond James Ltd., in connection with the NCIB to allow for the purchase of Shares during certain pre-determined blackout periods. Outside of these pre-determined blackout periods, Shares will be purchased at the discretion of senior management of BioSyent.
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TMCI | Hot Stocks08:45 EST Treace announces first surgical cases utilizing SpeedPlate MicroQuad Implant - Treace Medical Concepts announced the completion of the first cases utilizing SpeedPlate MicroQuad implants. The MicroQuad implant expands upon the broad utility of the SpeedPlate platform, which is designed for fast titanium compression fixation. The MicroQuad implant has a unique anatomic design with multiple points of fixation on each side of the joint to deliver dynamic compression with rotational stability through a one-inch incision for compatibility with minimally invasive techniques.
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ENVX | Hot Stocks08:43 EST Enovix CFO Farhan Ahmad departs - Enovix Corporation announced that CFO Farhan Ahmad has left the company and that it is searching for a new CFO.
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TURB | Hot Stocks08:42 EST Turbo Energy provides update on impact of flash flooding disaster in Spain - Mariano Soria, CEO, issued a formal update to shareholders on the financial and operational impact of the historical flash flooding disaster that left much of Valencia and surrounding regions in southeastern Spain in ruins in late October 2024. Soria stated: "Torrential rains that fell on October 29 caused flash floods that tragically claimed the lives of more than 200 people, swept away cars and wrecked many homes and businesses. Thankfully, all Turbo Energy employees and their families affected by the storm are safe and accounted for and our production systems and supply chain resources largely escaped harm and remained fully functional. However, while our corporate headquarters suffered no material damage, Turbo Energy's warehousing was directly impacted by high flood waters and a portion of our legacy product inventory, valued at approximately $2.3 million, was compromised. In collaboration with our business insurance carrier, we have completed an assessment of the impact of the storm on our warehousing operations and have confirmed that 100% of the losses are fully covered, with reimbursement funds expected within the next 60-90 days. There are no words to adequately express our deepest gratitude to the Turbo Energy team for their help with the clean-up and restoration of our facility, not to mention the time and energy that our employees personally committed to aiding our local community in the recovery effort. As our families come together to celebrate the holidays, our thoughts and prayers remain with those who suffered losses of loved ones in this natural disaster. Today, Turbo Energy is stronger than ever and looking forward to what we believe will be a pivotal year of growth and geographic expansion for our Company in 2025. Moreover, as we continue to execute our plan to perpetuate our reputation as a globally respected pioneer of leading edge solar energy storage technologies and solutions for the residential, commercial and industrial markets worldwide, we believe the future outlook for Turbo Energy remains incredibly bright and promising."
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WAVE | Hot Stocks08:41 EST Eco Wave Power appoints Gomez as power station manager of Portuguese project - Eco Wave Power Global announce the appointment of Juan Jose Gomez to spearhead the execution of its wave energy project in Portugal. With his extensive expertise and proven leadership in renewable energy initiatives, Juan will also oversee the operation and maintenance activities once the project becomes operational.
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BEAT | Hot Stocks08:41 EST HeartBeam announces FDA clearance for high-fidelity ECG system - HeartBeam announced that the US Food and Drug Administration FDA has granted 510(k) clearance of the HeartBeam system for comprehensive arrhythmia assessment. With its patented design, the HeartBeam device is the first-of-its-kind to receive FDA clearance. As a high-fidelity electrocardiogram ECG system with a credit card-sized form factor and cable-free design, it captures heart signals from three distinct directions for actionable heart health information. When a patient feels symptoms, the HeartBeam patient app guides them through the process of placing the device on their chest and capturing a 30-second recording. Once a recording is taken, the signals are sent to the cloud, processed and sent to a physician for review. The physician reviews the ECG recording in the context of the patient's symptoms and medical history, then follows up with the patient on next steps. The Company plans to initiate an Early Access Program and is creating a waitlist of interested patients and physicians.
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ICCT | Hot Stocks08:41 EST iCoreConnect enters Channel Partner agreement with The Dental Marshal - iCoreConnect has announced a new Channel Partner agreement with The Dental Marshal. The Dental Marshal specializes in facility and supply organization, effective employee delegation, and streamlined workflow management processes. With this partnership, The Dental Marshal can further empower its customers by providing iCoreConnect's cloud-based Software-as-a-Service and technology solutions.
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CB | Hot Stocks08:41 EST Chubb appoints Latter for Chubb Overseas General - Chubb has announced the appointment of John Latter to lead Claims for Chubb Overseas General, COG, effective immediately. In his new role as Head of Claims, COG, Latter will oversee Chubb's claims organization in Europe, the Middle East, Asia Pacific, Latin America and the Far East, leading a team of 3,000 professionals.
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DSX | Hot Stocks08:40 EST Diana Shipping announces time charter contract for m/v Maera - Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with China Resource Chartering Limited, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is $8,400 per day, minus a 5.00% commission paid to third parties, for a period until minimum September 20, 2025 up to maximum November 20, 2025. The charter commenced on December 15, 2024. The "Maera" is a 75,403 dwt Kamsarmax dry bulk vessel built in 2013. The employment of "Maera" is anticipated to generate approximately $2.31 million of gross revenue for the minimum scheduled period of the time charter.
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IINN | Hot Stocks08:40 EST Inspira delivers systems to leading distributor for U.S. deployment - Inspira Technologies announced the delivery of INSPIRA ART100 systems to its U.S. distributor, Glo-Med Networks. The systems were shipped in fulfilment of a purchase order issued by Glo-Med to Inspira.
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OGEN | Hot Stocks08:39 EST Oragenics announces conversion of preferred shares - Oragenics announced the conversion of its remaining outstanding convertible Series A and Series B Preferred Shares into common stock. The conversion helps simplify the company's capital structure and eliminates approximately $2.35 million in liquidation preference, effectively removing a significant overhang on the company's stock. Holders of the Company's remaining 5,417,000 Series A Preferred Shares and 4,050,000 Series B Preferred Shares exercised their right to convert their shares into a total of approximately 22,000 common shares. The Series A and B Preferred Shares, which carried no voting rights, have now been fully retired.
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BHLB BRKL | Hot Stocks08:39 EST Brookline to merge with Berkshire in all-stock transaction valued at $1.1B - Berkshire Hills Bancorp (BHLB), the parent company of Berkshire Bank, and Brookline Bancorp (BRKL), the parent company of Brookline Bank, Bank Rhode Island, and PCSB Bank, announced they have entered into a definitive agreement pursuant to which Brookline will merge with and into Berkshire in an all-stock transaction valued at approximately $1.1 billion, or $12.68 per share of Brookline common stock, based on the $30.20 closing price of Berkshire common stock on December 13, 2024.
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CCLD | Hot Stocks08:38 EST CareCloud appoints A. Hadi Chaudhry, Stephen Snyder as co-CEOs - CareCloud announced a strategic realignment of its leadership team, effective January 1, 2025. A. Hadi Chaudhry and Stephen Snyder will serve as Co-CEOs, with Crystal Williams appointed as President. Under the new structure, with AI becoming central to CareCloud's future success, Chaudhry will focus on advancing the Company's technology and AI strategies, further strengthening CareCloud's value proposition across products and delivery channels. Snyder will lead the Company's acquisitive and organic growth strategy, driving expansion into new markets and partnerships. As President, Williams will focus on elevating the client experience, with a particular emphasis on expanding wallet share and improving client outcomes. Williams previously served as CareCloud's COO.
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CDIO | Hot Stocks08:38 EST Cardio Diagnostics:Precision, Epi+Gen CHD tests get CMS pricing determinations - Cardio Diagnostics Holdings announced that the Company's PrecisionCHD and Epi+Gen CHD tests have received final pricing determinations from the Centers for Medicare & Medicaid Services or CMS. Following the preliminary pricing determination made by CMS in August 2024, CMS finalized the 'gapfill' pricing determination for both PrecisionCHD and Epi+Gen CHD. This decision will be effective for claims with dates of service on or after January 1, and will allow Medicare contractors to determine pricing for PrecisionCHD and Epi+Gen CHD based on actual cost data from Cardio Diagnostics. The Medicare contractors will report to CMS preliminary gapfill pricing for calendar year 2025 by April 1 . "Receiving this final determination is a crucial step for our innovative solutions to help improve the risk assessment, diagnosis, management and monitoring of coronary heart diseas CHD for Medicare patients," said Meesha Dogan, Ph.D., CEO and Co-Founder of Cardio Diagnostics. "This milestone brings us closer to addressing the significant unmet needs in cardiovascular care for the Medicare population, enabling clinicians to better personalize treatment strategies and ultimately improve patient outcomes."
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MHH | Hot Stocks08:37 EST Mastech Holdings trading halted, news pending
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SABR | Hot Stocks08:37 EST Sabre announces new agreement with Gardua Indonesia - Sabre announced a new agreement with Garuda Indonesia. The airline will use fare management solutions from Sabre to enhance its pricing management capabilities, streamline operations, and reinforce its competitive positioning. By adopting Sabre's advanced solutions, Garuda Indonesia aims to support its broader transformation strategy and address critical challenges in fare management.
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NMHI | Hot Stocks08:37 EST Nature's Miracle enters agreement to acquire controlling stake in J&Y Marigold - Nature's Miracle announced that the Company, through its wholly owned subsidiary NM Data Inc., has entered into a Stock Purchase Agreement dated December 14, 2024, to acquire a 90% equity interest in J&Y Marigold, a Toronto-based company currently developing a Bitcoin mining facility with anticipated power load of 14 megawatts. The acquisition demonstrates Nature's Miracle's ambition to diversify its portfolio by venturing into emerging, high-growth industries. By securing a controlling stake in J&Y Marigold, the Company aims to further strengthen its Bitcoin mining capacity and position itself at the forefront of the cryptocurrency revolution, aligning its business model with cutting-edge technologies that are shaping the future of global finance. Pursuant to the Agreement, Nature's Miracle has agreed to purchase 90% of the fully-diluted shares of J&Y Marigold Ltd. for an aggregate purchase price of up to $5.32 million
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FGEN | Hot Stocks08:36 EST FibroGen appoints David DeLucia as CFO - FibroGen announced the appointment of David DeLucia to CFO, effective December 16, 2024. The company previously announced that Juan Graham would step down on December 15, 2024. Reporting to CEO, Thane Wettig, DeLucia will lead and oversee FibroGen's global finance organization. He has most recently served as FibroGen's Vice President, Head of Corporate Financial Planning and Analysis, Investor Relations, and Treasury.
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BROS LULU | Hot Stocks08:36 EST Dutch Bros names Venki Krishnababu chief technology, information officer - Dutch Bros (BROS) announced that retail veteran Venki Krishnababu has joined Dutch Bros Coffee as the drive-thru beverage company's new chief technology and information officer. Krishnababu brings nearly 30 years of experience. Krishnababu assumed the role of chief technology and information officer on Dec. 16. Prior to joining Dutch Bros, he capped a seven year career with Lululemon (LULU) as chief technology officer.
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FPAY | Hot Stocks08:35 EST FlexShopper enters partnership with Tire Agent - FlexShopper announced a new partnership with Tire Agent. Tire Agent currently originates over $100M in lease-to-own transactions annually. This new collaboration integrates FlexShopper's payment solutions directly onto Tire Agent's website and establishes Tire Agent as the preferred online tire retailer on the FlexShopper marketplace. The partnership also launches flexshopper.tireagent.com as the combination of Tire Agent's top-tier tire and wheel inventory with FlexShopper's flexible payment options.This partnership is tailored to support near-prime credit consumers-individuals who may not qualify for traditional prime financing but still need access to flexible payment solutions for essential purchases. Tire Agent's dedication to making tire purchases more accessible aligns perfectly with FlexShopper's mission to offer affordable payment alternatives.
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CNP | Hot Stocks08:35 EST CenterPoint Energy announces senior leadership changes - CenterPoint Energy announced several senior leadership changes which will take effect on January 1, 2025. Those changes include the appointments of Richard Leger as Senior Vice President of CenterPoint's multi-state Gas business and Bertha Villatoro as Senior Vice President and Chief Human Resources Officer. Leger has served in the current lead Gas role on an interim basis since July 2024. He will report to President & Chief Executive Officer Jason Wells. Villatoro will report to Executive Vice President and General Counsel Monica Karuturi. Lynne Harkel-Rumford, who currently serves as Executive Vice President and Chief Human Resources Officer and oversees all HR functions as well as Community Relations, will retire effective February 3, 2024. She will remain with CenterPoint as a senior advisor to Jason Wells until her retirement.
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UPB | Hot Stocks08:34 EST Upstream Bio to be added to Russell 2000 Index - Upstream Bio announced that the Company will be added to the Russell 2000 index as part of the planned fourth quarter initial public offering additions effective at the open of the U.S. equity markets on December 23, 2024.
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BLFS RGEN | Hot Stocks08:34 EST BioLife Solutions appoints Hunt to board of directors - BioLife Solutions (BFLS) announces the appointment of Tony Hunt, Executive Chairman of Repligen Corporation (RGEN) and a recognized leader in bioprocessing innovation, to its board of directors effective January 2, 2025. His appointment increases board membership to six.
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RIOFF | Hot Stocks08:34 EST Rio2 Limited reports on Fenix Gold Mine progrss - Rio2, after completing the Company's debt and equity financing announced on October 21, 2024, provides an update on the progress made by its Chilean subsidiary, Fenix Gold, which is currently constructing the Fenix Gold Mine located in the Maricunga Gold Belt of the Atacama Region, in Chile. Advancements include the commencement of hiring of our Chilean workforce, mobilization of civil construction and plant construction contractors, completion of civil works for the processing plant site and commencement of construction of the heap leach pad and adjoining PLS pond. The Company has also entered a fixed price contract totaling $49M with its plant construction contractor, HLC Chile SPA, for the construction of the Fenix Gold Mine adsorption, desorption, and gold recovery plant, associated infrastructure and site electrical distribution lines. Long lead items such as gensets, principal pumps, and electrical switchgear facilities have been purchased directly by Fenix Gold. Rio2 will provide guidance in January 2025 for the construction schedule and associated budget, along with a projection of when the first gold production is expected to be achieved. Andrew Cox, President & CEO, commented, "Since closing our debt and equity financing in October, we have made excellent progress on all fronts related to the construction of our Fenix Gold Mine. The execution of the mine built on our proven alliance approach with our civil contractor and plant contractor is progressing as planned and the negotiation of a fixed price contract for the plant construction is a positive bonus to managing and controlling our construction budget. We are extremely happy to see the positive impact that we are making to employment in the Atacama Region and look forward to providing regular quarterly updates through construction in 2025."
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MFH | Hot Stocks08:33 EST Mercurity Fintech enters JV to expand into AI hardware intelligent manufacturing - Mercurity Fintech Holding announced the signing of a term sheet with a high-tech enterprise specialized in the manufacturing and sale of precision fasteners, structural parts and other precision metal parts products for new energy vehicles and smart electronic devices. This collaboration aims to establish a strategic joint venture in Hong Kong, focused on expanding into AI hardware intelligent manufacturing and supporting advanced cooling solutions for AI servers. The term sheet sets forth the indicative material terms and conditions for the formation of the JV and is subject to the definitive agreements to be entered into by the parties. These terms are non-binding unless specifically stated otherwise, and the definitive agreements will include customary representations, warranties, and indemnifications for transactions of a similar nature and scale. Key Highlights of the Joint Venture: Expansion into AI Hardware Intelligent Manufacturing: The JV will focus on producing precision components and accessories tailored to the needs of global leaders in artificial intelligence, smart driving, and wearable technology, including leading AI server companies and technology companies. The JV's establishment aligns with Mercurity Fintech's strategic vision to diversify its business and enter the fast-growing AI hardware manufacturing sector. Strategic Position with Cooling Systems: The JV aims to explore opportunities in advanced cooling solutions, which are critical for next-generation AI servers. Our JV partner has collaboration with the world leading AI server company, including recent requests to produce samples for liquid cooling projects, which highlights its proven capabilities in delivering advanced solutions. Capital Contributions and Structure: The initial investment amounts to $9.8 million, with Mercurity Fintech holding a 51% stake. This financial commitment underscores both parties' confidence in the potential of the partnership. Global Reach and Manufacturing Excellence: The JV envisions establishing a manufacturing hub to streamline operations and ensure the delivery of high-quality products to clients worldwide. Enhanced Product Offering: In addition to liquid cooling systems, the JV will explore opportunities to manufacture sub-assemblies and precision parts for next-generation AI, automotive, and wearable technologies, diversifying its product portfolio and solidifying its market presence.
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DARE | Hot Stocks08:30 EST Dare Bioscience announces Phase 3 plans for sildenafil cream in FSAD - Dare Bioscience announced plans for a Phase 3 study of Sildenafil Cream, 3.6%, an investigational topical cream formulation of sildenafil being developed as an on-demand treatment for female sexual arousal disorder, reflecting U.S. Food and Drug Administration feedback for safety and efficacy evaluations to support the indication of treatment of FSAD in premenopausal women. As an immediate next step, Dare will submit the protocol and statistical analysis plan for an adequate and well-controlled Phase 3 clinical study, reflecting the FDA's recommendations, to the FDA in the first quarter of 2025, and is targeting mid-2025 for commencement of the Phase 3 study A second confirmatory Phase 3 study will be required to support the New Drug Application submission.
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SNTI | Hot Stocks08:29 EST Senti Bio announces first patient dosed in clinical trial of SN301A - Senti Biosciences announced that the first patient has been dosed in the pilot trial of SN301A in HCC in mainland China in collaboration with Celest Therapeutics. SN301A utilizes the anti-GPC3 + crIL-15 SENTI-301A Gene Circuit developed by Senti Bio and refers to the chimeric antigen receptor natural killer product candidate manufactured by Celest in China. Through this collaboration, Celest is leading clinical development, operations and manufacturing of SN301A with technical, strategic and clinical input from Senti Bio. The clinical trial is designed to evaluate safety, pharmacokinetics and preliminary anti-tumor activity of SN301A and will include patients with advanced glypican 3-expressing HCC across multiple dose cohorts. The study endpoints include safety assessments for adverse events and dose limiting toxicities, as well as efficacy analyses using standard response criteria for liver cancer.
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SLNH | Hot Stocks08:28 EST Soluna Cloud and Gynger team on AI computing accessibility and affordability - Soluna Holdings announced a strategic partnership between its subsidiary Soluna Cloud and Gynger, the leading embedded payments platform for technology. "Gynger is excited to partner with Soluna Cloud to help make renewables-powered data management more accessible across all sectors of industry."The Soluna Cloud and Gynger partnership aims to make renewable-powered high-performance computing solutions more accessible to customers. Through this partnership, Soluna's clients will benefit from flexible payment options provided by Gynger, enabling them to adopt Soluna's cutting-edge AI Cloud without the burden of upfront costs. "Our partnership with Gynger reflects our commitment to not only providing high-performance and environmentally sustainable computing solutions but also to ensuring our clients have flexible financial options to support their growth," said John Belizaire, CEO of Soluna. "Together, we're removing financial barriers, allowing customers to access the technology they need to stay competitive."
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ASPI | Hot Stocks08:28 EST ASP Isotopes CEO says balance sheet 'has never been stronger' - ASP Isotopes released a letter to shareholders from its Chairman and CEO, Paul Mann, which read in part, "As the year comes towards its end, I wanted to personally write to you to summarize some of the more significant milestones the Company has achieved during 2024 and discuss our future goals for 2025. It has been a busy and successful year: The Company completed the construction of two ASP isotope enrichment facilities, with one awaiting the delivery of feedstock and the second currently in the commissioning phase. The Company completed the construction of the first Quantum Enrichment facility, for Ytterbium-176, approximately 9 months ahead of schedule and under budget. This facility is currently in the commissioning phase and has already successfully produced the first semi-finished material of enriched Ytterbium-176, which is a precursor for the production of Lutetium-177, the active component of Novartis' Pluvicto, a potential blockbuster for the treatment of prostate cancer. The Company signed two contracts with U.S. based customers for the supply of highly enriched Silicon-28 to enable next generation semiconductors for quantum computing, artificial intelligence and large data centers. The Company signed a research contract and a term sheet with TerraPower for the construction of a HALEU production facility. The term sheet anticipates TerraPower providing seed capital for the construction of the facility as well as a long-term supply agreement for the production capacity of the facility. The Company signed an MOU with Nesca to develop an advanced nuclear fuel production facility at Pelindaba, South Africa. ASPI scientists have already had "Shovels in the Ground" at Pelindaba and the construction of the first of two HALEU enrichment test facilities has been completed. The Company raised approximately $84 million in a combination of debt and equity transactions and finished 3Q 2024 with approximately $51 million of cash on balance sheet. The Company's balance sheet has never been stronger. During 2024, the Company hosted over 60 investors and corporate clients to its facilities in South Africa. The company looks forward to hosting another Investor Access Event in January 2025. The construction of two ASP Enrichment Facilities is now complete with one awaiting feedstock, and one in commissioning phase...When we started the Company approximately three years ago we had a headcount of just two individuals. We now have a team of over 130 highly skilled and motivated employees across 3 continents, all of whom are highly motivated to innovate new technologies that can help solve some of today's most pressing challenges such as advanced computing, global warming, and cutting-edge healthcare solutions. It has clearly been a busy year for the Company, and in hitting such an impressive list of milestones, our scientists and engineers have done an amazing job. I'm proud of our entire team, for the work done to date and for the work I expect we will together continue to do going forward. Thank you for your dedication and hard work."
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LW | Hot Stocks08:27 EST Jana reiterates wanting leadership change or sale in letter to Lamb Weston board - Jana Partners, which together with its strategic and operating partners owns more than 5% of Lamb Weston, and is one of the company's largest shareholders, sent a letter to the company's board of directors reiterating its belief that significant board and leadership change is needed at Lamb Weston, and that in its absence the company should pursue a formal review of strategic alternatives, including a sale, in order to maximize value for shareholders. The full text of the letter is as follows: JANA Partners together with our strategic and operating partners beneficially own more than 5% of the outstanding shares of Lamb Weston Holdings, Inc., making us one of the Company's largest shareholders. Having received no response from the Board to our months-long involvement and engagement, we are hopeful that the Company will use the upcoming fiscal second quarter earnings announcement to address our previously expressed view that significant Board and leadership change is needed at Lamb Weston, and that in its absence the Company should pursue a formal review of strategic alternatives, including a sale. We believe Lamb Weston's Board and management have wasted the chance to sustain and grow shareholder value in a high-quality business. It is indisputable that Lamb Weston's track record for shareholders prior to the disclosure of our investment has been poor, not only in a disastrous 2024, but also over the long-term with total returns in the last five years dramatically trailing the S&P 500 and performing in the bottom quartile when compared to proxy peers. Regrettably, we believe this dismal performance record significantly understates the magnitude of lost opportunity at the Company. Relative to its publicly traded packaged food peers, we believe Lamb Weston enjoys the benefits of an attractive end market, a strong industry position and key competitive advantages. When coupled with Lamb Weston's long-time reputation as a premier foodservice supplier - which took prior management many years to build - we think these attributes should have positioned the Company as an attractive 'compounder' stock and best-in-class performer for investors. Instead, the current Board and management have overseen a multi-year period of uncorrelated failures across many major elements of operating the business, in the process damaging the Company's reputation and leading market position. This has impaired performance, dissolved confidence among customers, investors and other stakeholders and caused Lamb Weston to veer off its path as a world-class business. The disclosure of our involvement on October 18th led to an approximately $1 billion increase in Lamb Weston's market cap and an overwhelmingly positive reception from investors and Wall Street analysts,4 which we believe demonstrates the intense appetite from shareholders for a change in direction. The extensive investor feedback we have received since emerging publicly in the Company, including proprietary survey work that has included dozens of investors and other stakeholders, has further confirmed what was clear from our initial due diligence: that there is urgent need - and strong desire - for significant Board and leadership change at Lamb Weston..."
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PHGE | Hot Stocks08:25 EST BiomX regains compliance with NYSE American continued listing standards - BiomX received written notification from the NYSE American, dated December 10, 2024, stating that the Company has regained compliance with all NYSE American continued listing standards. Specifically, the Company has resolved prior listing deficiencies raised on May 23, 2024, by NYSE American and set forth in Sections 1003(a)(i), (ii) and (iii) of the NYSE American Company Guide. NYSE American confirmed that the Company has demonstrated compliance with the continued listing standard for a period of two consecutive quarters pursuant to Section 1009(f) of the Company Guide.
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BCAB | Hot Stocks08:24 EST BioAtla presents data on mecbotamab vedotin in advanced NSCLC - BioAtla presented a poster entitled "Characterization of Mutated KRAS Genotype and Clinical Outcomes in Patients With Advanced NSCLC Treated With Mecbotamab Vedotin, a CAB-AXL-ADC" at the IASLC 2024 Hot Topic in Basic & Translational Science Meeting on December 14, 2024. Data highlights: Phase 2 trial of Mec-V, CAB-AXL-ADC in NSCLC; 78 patients were enrolled and received either Mec-V monotherapy or Mec-V + nivolumab; Patients received a median of 3 prior lines of therapy. Among the 78 treated patients, 24 had mKRAS NSCLC. Overall survival analyses: Landmark OS at one year: 58% for patients with mKRAS NSCLC vs. 23% for patients with wtKRAS NSCLC. Median OS was not yet reached for patients with mKRAS NSCLC vs. 8.7 months for patients with wtKRAS NSCLC. Among 21 efficacy-evaluable patients with mKRAS NSCLC: 6 responses. Antitumor activity observed across 9 different mutated KRAS variants; 1 patient treated with Mec-V + nivolumab Q2W continues in Complete Response after greater than2 years of follow-up. Treatment with Mec-V was well tolerated with a manageable safety profile. No new safety signals were observed. AXL is highly expressed in mKRAS NSCLC; 113 screening tissue samples were evaluated for KRAS mutation status and AXL expression by immunohistochemistry assay. Among 27 NSCLC samples harboring any KRAS mutation, AXL was highly expressed. 19 of 27. 9 of 11, among the mKRAS G12C variant subset of the 27 total.
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AREB | Hot Stocks08:21 EST American Rebel Light annnounces placements of multi-case product displays - American Rebel Holdings announced the rollout and placement of American Rebel Light at several key retail locations throughout Tennessee. American Rebel Light Beer is quickly becoming the domestic light beer of choice for consumers looking for a beer that embodies the American Spirit and love for our country. In the first few weeks following the initial production run and delivery to our Tennessee distribution partner, Best Brands, American Rebel Premium Light Beer has been placed in several key retail locations across Tennessee that are participating in our "Scan to Win" promotion. Effective immediately and scheduled to run through January 2025, American Rebel Light Beer "Scan to Win" multi-case displays are available at Tennessee retailers.
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CRNX | Hot Stocks08:20 EST Crinetics appoints Isabel Kalofonos as CCO - Crinetics announced the appointment of Isabel Kalofonos as Chief Commercial Officer. Ms. Kalofonos will lead the company's commercial strategy and operations for the potential launch of paltusotine, a once-daily, oral, selective somatostatin receptor type 2 nonpeptide agonist for adults living with acromegaly and will lead pre-commercialization activities for the company's deep, innovative pipeline of candidates. She previously served as Senior Vice President and Chief Commercial Officer at ImmunoGen. On January 10, 2025, the Company expects to grant Ms. Kalofonos a stock option to purchase 100,000 shares of common stock under the Crinetics Pharmaceuticals, Inc. 2021 Employment Inducement Incentive Award Plan 25 percent of which will vest on December 16, 2025, and the remainder will vest in 36 equal monthly installments thereafter. The stock option will have an exercise price equal to the closing price of the Company's common stock on the Nasdaq Global Select Market on January 10, 2025. The stock option will be subject to the terms and conditions of the 2021 Inducement Plan and the terms and conditions of a stock option agreement covering the respective grant. The stock option will be granted as an inducement material to Ms. Kalofonos entering into employment with Crinetics in accordance with Nasdaq Listing Rule 5635(c)(4).
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CISO | Hot Stocks08:19 EST CISO Global receives strategic investment of $6.5M - CISO Global received a strategic investment of $6,500,000 from Investors, led by Target Capital, in the form of a convertible note. The primary use of proceeds from this investment will be to pay down short-term debt and improve the company's balance sheet, accelerating its path to profitability. The strategic investment underscores Target Capital's confidence in CISO Global's business model and long-term vision. By reducing short-term liabilities, the company will enhance its financial flexibility, free up cash flow, and invest in scaling its software sales to existing clients and channel partners.The proceeds from this transaction will also allow CISO Global to improve its operating cash flow and accelerate the deployment of its software solutions, reinforcing its commitment to delivering innovative services to its customers.
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VSEE | Hot Stocks08:18 EST VSee Health teams with Tele911 to create 1st virtual emergency department - VSee Health announces its partnership with Tele911, the nation's foremost ER diversion solution provider. This collaboration will harness the power of VSee Health's versatile telehealth building blocks platform to expand Tele911's impact in tackling two of the most critical challenges in emergency medical servicesEMS: emergency room overcrowding and the ongoing 911 and EMS staffing crisis..."This partnership is a game-changer for the EMS industry," said Dr. Milton Chen, Co-CEO of VSee Health. "By combining Tele911's innovative care model with our robust telehealth platform, we are providing a scalable secure solution that allows Tele911 to deliver care on average in just 40 seconds, ensuring a robust 911 system for our nation. Together, we can ensure that emergency care is available when and where it's truly needed."
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LOBO | Hot Stocks08:18 EST LOBO EV signs manufacturing, distribution agreement with Capital Fortress - LOBO EV signed a strategic manufacturing and distribution agreement with Capital Fortress Assets. This agreement marks a pivotal expansion of LOBO's business in the U.S. and Australian markets, two regions with significant growth potential for robotic lawn mowers. Under the terms of the agreement, Capital Fortress will distribute and assemble LOBO's robotic lawn mowers and other innovative products in the U.S. and Australia. LOBO will supply products and components to Capital Fortress in Complete Knock Down form, enabling efficient local assembly and distribution. This strategic collaboration enhances LOBO's ability to penetrate key markets effectively while prioritizing operational efficiency. Key Highlights of the Agreement: Exclusive Distribution Rights: Capital Fortress is granted exclusive rights to distribute and sell LOBO's robotic lawn mowers in the U.S. and Australia, excluding direct e-commerce channels. Sales Commitments: A minimum sales volume of $1 million or 1,500 units within the first 12 months, supporting the scalability of the venture. Manufacturing Innovation: Provisions for supply chain optimization, including supporting efforts to develop locally manufactured components to enhance cost efficiency and meet regulatory requirements. Support: Capital Fortress will provide comprehensive after-sales service.
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EBS | Hot Stocks08:17 EST Emergent BioSolutions receives $50M contract option from BARDA - Emergent BioSolutions announced that the Biomedical Advanced Research and Development Authority within the Administration for Strategic Preparedness and Response at the U.S. Department of Health and Human Services has awarded a $50 million option to Emergent's existing contract for the acquisition of CYFENDUS. Deliveries are expected to begin this calendar year and be complete by April 2025. This award follows a previously announced contract modification of $30.0 million to supply CYFENDUS this year. CYFENDUS vaccine was approved by the U.S. Food & Drug Administration in July 2023 as a two-dose anthrax vaccine for post-exposure prophylaxis use in individuals 18 through 65 years of age. Anthrax is a Tier 1 biological select agent due to its potential to be used for a bioterrorist incident and threat to public health and national security.
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PEPG | Hot Stocks08:16 EST FDA issues clinical hold notice to PepGen on IND app for CONNECT2-EDO51 trial - PepGen announced that the Company received a clinical hold notice from the U.S. Food and Drug Administration FDA regarding its Investigational New Drug IND application to initiate the CONNECT2-EDO51 clinical trial in patients with Duchenne muscular dystrophy DMD . The FDA indicated they will provide an official clinical hold letter to the Company within 30 days..."We intend to work closely with the FDA to address their questions on our application to initiate CONNECT2 as expeditiously as possible," said Paul Streck, MD, MBA, Head of R&D of PepGen. "Our open-label CONNECT1-EDO51 multiple ascending dose study of PGN-EDO51 in boys and young men living with DMD continues as planned in Canada. We have completed enrollment of the 10 mg/kg dose cohort; all four patients in this cohort have received at least one dose."
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WINT | Hot Stocks08:16 EST Windtree Therapeutics announces presentation highlighting istaroxime - Windtree Therapeutics announced that Alexandre Mebazaa, MD, one of the world's recognized leaders in cardiogenic shock, gave a presentation highlighting the data on istaroxime from the recently completed Phase 2b SEISMiC B study in early cardiogenic shock due to heart failure. The presentation was given at the Cardiovascular Clinical Trials Conference in Washington, DC. Dr. Alexandre Mebazaa is Professor of Medicine at Universite Paris Cite, Chair of Department of Anesthesia & Critical Care and an expert in heart failure and cardiogenic shock. He is part of the task force that wrote the 2021 ESC/HFA Guidelines of Heart Failure and the 2023 addendum. Early cardiogenic shock is characterized by low blood pressure, leaving the patient at risk of developing inadequate blood flow to vital organs leading to high morbidity and mortality. Istaroxime is a novel first-in-class investigational therapy that is intended to improve cardiac function and increase blood pressure to reverse the condition. Istaroxime maintains renal function and has a generally favorable safety profile. Istaroxime has been studied in four positive Phase 2 trials enrolling patients with acute heart failure and early cardiogenic shock due to heart failure.
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IMMP | Hot Stocks08:15 EST Immutep, Monash University announce publication on human LAG-3 - Immutep announces new findings published in Science Immunology that resolve how human lymphocyte activation gene 3 binds to its main ligand MHC Class II, also known as HLA Class II in humans. The publication is the first to show the crystal structure of a human LAG-3/HLA-II complex and provides a better foundation for development of blocking LAG-3 therapeutics, including Immutep's anti-LAG-3 small molecule program. Under the oversight of Professor Jamie Rossjohn FAA FRS, at Monash University's Biomedicine Discovery Institute (BDI), and in collaboration with Immutep, this breakthrough is an exemplar of the importance of industry-academia alliances. The LAG-3 immune control mechanism is the exclusive focus of Immutep across both cancer and autoimmunity and a clinically validated target of deep interest throughout the academic, medical, and industry sectors. The Crystal Structure of the Human LAG-3-HLA-DR1-Peptide Complex publication details how LAG-3 engages two HLA-II molecules. The data in the publication supports efti's preferential binding to a subset of MHC-II molecules on antigen-presenting cells leading to their activation.
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FORA | Hot Stocks08:13 EST Forian, Databricks partner to expand access to healthcare analytics - Forian announced a partnership with Databricks to deliver access to its Chartis product, which maps physician and organization affiliations, through Databricks Marketplace. This collaboration will empower healthcare organizations with enhanced visibility into Forian's robust information products, driving innovative solutions in healthcare research, drug development and patient care.
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DZSI | Hot Stocks08:12 EST DZS says The George leverages DZS FiberLAN technology - DZS announced that The George, a hospitality venue in the heart of Tel Aviv, Israel, is leveraging DZS FiberLAN technology as the backbone of its next-generation communications infrastructure. Powered by Gigabit Passive Optical Networking technology capable of delivering gigabit services to every room, meeting area, office, entertainment venue, and restaurant throughout the building, FiberLAN has helped The George rapidly stand-out as a preferred destination for visitors and locals within Tel Aviv since its opening in early 2024. Longtime DZS strategic partner, Israel-based RFC, helped support the project.
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FDMT | Hot Stocks08:11 EST 4D Molecular announces publication of 4D-150 preclinical data - 4D Molecular Therapeutics announced the publication of landmark preclinical data demonstrating the potential of the Company's proprietary Therapeutic Vector Evolution platform, intravitreal R100 vector and the R100-based genetic medicine 4D-150. Pioneering efficacy and safety results in a difficult-to-treat nonhuman primate model of wet age-related macular degeneration demonstrated the potential of 4D-150 to substantially reduce the treatment burden and improve long-term vision outcomes for patients with wet AMD, diabetic macular edema and diabetic retinopathy. The data were published in Investigative Ophthalmology & Visual Science; December 2024 issue. IOVS is the journal of the Association for Research in Vision and Ophthalmology, a leading basic and translational research association in ophthalmology. The publication entitled, "Design and Characterization of a Novel Intravitreal Dual-Transgene Genetic Medicine for Neovascular Retinopathies," reports the results of preclinical discovery, engineering and characterization studies evaluating the safety, retinal cell transduction, transgene expression and clinical activity of proprietary evolved intravitreal vector R100 and 4D-150, an R100-based genetic medicine carrying 2 therapeutic transgenes: a codon-optimized sequence encoding aflibercept, a recombinant protein that inhibits VEGF-A, VEGF-B and PlGF, and a microRNA sequence that inhibits expression of VEGF-C. The data showed that R100 demonstrated significantly superior human retinal cell transduction compared to AAV2, and intravitreal administration of 4D-150 to nonhuman primates was well tolerated and led to robust panretinal expression of both transgenes, especially within the macula region; AAV2 was unable to transduce deep retinal cell layers in the same model. In a difficult-to-treat primate laser-induced choroidal neovascularization model of wet AMD, 4D-150 completely prevented grade IV angiogenic lesions at all tested doses.
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PSNL | Hot Stocks08:11 EST Personalis and Tempus AI extend commercial deal to biopharma industry - Personalis (PSNL) and Tempus AI (TEM) announced that the companies have expanded their commercial relationship.The companies agreed in November 2023 to collaborate and bring ultra-sensitive MRD testing to market and launched their efforts at the 2024 American Society of Clinical Oncology or ASCO Annual Meeting. Tempus is serving as the exclusive commercial diagnostic partner for Personalis' ultra-sensitive tumor-informed MRD product, NeXT Personal Dx, for broad patient adoption in breast and lung cancers, and for immunotherapy monitoring across all solid tumors. Following a positive reaction from the diagnostic market, the companies have agreed to expand their relationship to the biopharma industry. Under this expanded relationship, Tempus will be enabled to offer Personalis' NeXT Personal MRD product to pharmaceutical and biotech customers who wish to bundle MRD testing with other Tempus offerings in a given study.
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ARQT | Hot Stocks08:10 EST Arcutis Biotherapeutics submits sNDA for ZORYVE cream to FDA - Arcutis Biotherapeutics announced the submission of a supplemental New Drug Application to the U.S. Food and Drug Administration for ZORYVE cream 0.05%, a once-daily, next generation phosphodiesterase 4 inhibitor, for the topical treatment of mild to moderate AD in children 2 to 5 years old. The sNDA is supported by positive results from one pivotal Phase 3 trial, one pivotal long-term extension study, as well as a Phase 1 pharmacokinetic study. The INTEGUMENT-PED vehicle-controlled, pivotal Phase 3 trial enrolled 652 children 2 to 5 years of age, with a mean AD Body Surface Area of 22% overall, and ranging from 3% to 82%. In the study, at Week 4, 25.4% of children treated with roflumilast cream 0.05% achieved vIGA-AD Success, defined as a validated Investigator Global Assessment - Atopic Dermatitis score of 'Clear' or 'Almost Clear' plus a 2-grade improvement from baseline, compared to 10.7% of children treated with vehicle, with significant improvements seen as early as Week 1. All secondary endpoints were also met, with significant improvements seen across all time points, including vIGA-AD success and vIGA-AD of 'Clear' and 'Almost Clear' at Week 1. In addition, 35.3% of children treated with roflumilast cream who had a baseline Worst Itch Numeric Scale score greater than or equal to4 achieved a four-point reduction in WI-NRS at Week 4. Roflumilast cream 0.05% was well-tolerated. Overall, the safety profile observed in 2- to 5-year-old pediatric subjects treated with ZORYVE cream 0.05% during the trial was consistent with the favorable safety profile established in adults and older pediatric subjects treated with ZORYVE cream 0.15% with mild to moderate AD. The most frequent adverse events occurring in the roflumilast arm greater than vehicle included upper respiratory tract infection, diarrhea, and vomiting. The submission is also supported by data from the INTEGUMENT-OLE open-label extension study in which patients ages 2 to 5 were treated for up to 52 weeks.
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ADGM | Hot Stocks08:10 EST Adagio Medical CEO Olav Bergheim departs, Todd Usen succeeds - Adagio Medical announced that founder Olav Bergheim departed as CEO and chairperson of the board of directors of the company, effective December 13. Concurrently, the company announced the appointment of Todd Usen, as CEO and director of the company and Orly Mishan, as chairperson of the board of directors, effective December 13. Bergheim will serve as an advisor to the company and will support Usen with the transition through December 13, 2025. Before joining Adagio, Todd served as president and CEO of Minerva Surgical.
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RVPH | Hot Stocks08:08 EST Reviva announces topline data for OLE portion of Phase 3 RECOVER study - Reviva Pharmaceuticals announced preliminary topline data for the open-label extension portion of the Company's ongoing Phase 3 RECOVER study evaluating the long-term safety and tolerability of brilaroxazine in patients with schizophrenia. Administration of brilaroxazine once daily led to robust broad-spectrum efficacy that was sustained over 1 year. Brilaroxazine was generally well tolerated with no single side effect greater than5% and favorable compliance, with a discontinuation rate of 35% in the OLE part of this study. All three doses of brilaroxazine tested were efficacious and generally well-tolerated. Key safety, efficacy and compliance findings for pooled analysis of brilaroxazine at 15, 30, and 50 mg include: A total number of 435 patients were enrolled in the OLE across three dose groups: 139 in brilaroxazine 15 mg, 155 in brilaroxazine 30mg and 141 in brilaroxazine 50mg; 156 rollover participants from the double-blind portion of the Phase 3 trial, while 279 de novo participants enrolled in the OLE; Preliminary efficacy results are presented for 113 patients who completed 52 weeks of treatment; preliminary safety results are presented for all 435 patients who enrolled in the OLE, including patients that are still participating in the trial. Brilaroxazine across doses improved major symptom domains of schizophrenia after 1-year of treatment: Dose dependent efficacy at the 15, 30, and 50 mg doses was observed, with decreases in PANSS total scores of -15.2, -18.6 and -20.8 points, respectively, from baseline to end-of-treatment at 52 weeks; Pooled data of brilaroxazine at the 15, 30, and 50 mg doses demonstrated clinically meaningful and sustained long-term efficacy for schizophrenia with a significant decrease in PANSS total scores, PANSS positive symptoms, and PANSS negative symptoms compared to baseline; PANSS Total scores: 18.6-point decrease, p less than or equal to 0.0001; PANSS Positive Symptoms: 5.2-point decrease, p less than or equal to 0.0001; PANSS Negative Symptoms: 4.5-point decrease, p less than or equal to 0.0001; Brilaroxazine demonstrated strong sustained efficacy from acute through maintenance treatment over 1 year with a decrease in PANSS Total score in rollover patients from the double-blind portion of the trial; 30-point decrease of PANSS total in 86.76% of patients; 40-point decrease of PANSS total in 64.70% of patients; 50-point decrease of PANSS total in 33.82% of patients. Long-term clinical safety, tolerability and adherence findings of brilaroxazine administered for up to one year support a well-tolerated safety profile: 15.2% of participants reported at least one treatment-related adverse event, which were mostly mild or moderate in severity and transient in nature; Most common TRAEs 1% were weight increase, insomnia and somnolence; Brilaroxazine was not associated with any clinically meaningful changes in movement disorder scales over 1 year treatment; No drug-related serious adverse events observed or major safety concerns reported for brilaroxazine after up to 1 year of treatment; 3 serious adverse events were reported and none were related to brilaroxazine treatment; Treatment discontinuation rate of 35% reported in this OLE, primarily due to withdrawal of consent participant lost to follow up, and treatment-related adverse events. Collectively, the findings from the OLE portion of the Phase 3 RECOVER study further strengthen the safety, efficacy and treatment adherence findings from the double-blind portion of RECOVER. The OLE portion of the RECOVER Study is being conducted globally at multiple centers to assess the safety, and efficacy of brilaroxazine at flexible doses of 15, 30 or 50 mg, administered once daily for 52 weeks in patients with stable schizophrenia. The OLE included both rollover participants from the double-blind portion of RECOVER study and de novo participants with stable schizophrenia. Long-term safety data from a minimum of 100 patients who have completed 1 year of treatment is a requirement for brilaroxazine's NDA submission to the FDA.
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SMLR | Hot Stocks08:08 EST Semler Scientific announces updated BTC, ATM activity - Semler Scientific announced updates regarding its bitcoin activity and holdings, capital markets activity, and BTC Yield, a key performance indicator. Between December 5, 2024 and December 15, 2024, Semler Scientific acquired 211 bitcoins for $21.5 million with proceeds generated from its at-the-market offering and operating cash flow at an average price of $101,890 per bitcoin, inclusive of fees and expenses. As of December 15, 2024, Semler Scientific held 2,084 bitcoins, which were acquired for an aggregate $168.6 million at an average purchase price of $80,916 per bitcoin, inclusive of fees and expenses.
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LOCL | Hot Stocks08:06 EST Local Bounti announces multi-year award from multinational retailer - Local Bounti announced that it has received a two-year award from a large multinational retailer to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.
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OSPN | Hot Stocks08:06 EST OneSpan initiates 12c per share quarterly dividend - OneSpan announced that its board of directors has declared a quarterly cash dividend as part of the initiation of a recurring quarterly dividend program. The initial quarterly cash dividend of 12c per share will be paid on February 14, 2025 to shareholders of record as of the close of business on January 31, 2025.
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CLVT | Hot Stocks08:06 EST Clarivate announces new $500M share repurchase authorization - Clarivate announced that its Board of Directors authorized a new share repurchase program of up to $500 million of the Company's outstanding ordinary shares through open-market purchases for a period of two years, from January 1, 2025 through December 31, 2026.
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GP | Hot Stocks08:05 EST GreenPower Motor appoints Giordano to board of directors - GreenPower Motor announces the appointment of Sebastian Giordano to GreenPower's Board of Directors. The Board believes that Giordano's appointment strengthens its technical, financial and governance expertise while also complementing the skills and experience of the other members.
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CW | Hot Stocks08:05 EST Curtiss-Wright announces $100M share repurchase program expansion - Curtiss-Wright announced a $100M expansion of its 2024 share repurchase program, which it expects to complete via a 10b5-1 program by the end of the year. This program will be conducted in concurrence with the existing $50m share repurchase program being executed this year, and follows the recent completion of a $100M opportunistic program that was executed in the third quarter. As a result, the company now expects annual share repurchases of $250M in 2024. Beginning in January 2025, the company also expects to repurchase $60M in shares via a 10b5-1 program, an increase from the prior $50M annual plan, which is expected to offset potential dilution from compensation plans.
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IAS | Hot Stocks08:04 EST Integral Ad Science received an accredited ISO/IEC 42001 certification - Integral Ad Science announced the company has received an accredited ISO/IEC 42001 certification, making it the first measurement provider to receive ISO certification for its use of AI, and one of the first companies certified in the world. "ISO 42001 is a groundbreaking standard, and as we continue to use artificial intelligence to provide the most actionable data to our customers, we are proud to be at the forefront of responsible AI," said Kevin Alvero, Chief Compliance Officer at IAS. "As the first measurement provider to receive ISO 42001 certification, we continue to demonstrate to our customers that IAS's use of AI is safe, responsible and transparent."
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NVEE | Hot Stocks08:04 EST NV5 Global awarded $10M in critical mineral geospatial projects - NV5 has been awarded $10M in contracts by the U.S. Geological Survey to provide high-precision geospatial services to support essential geological research across multiple regions. These contracts will provide USGS with the critical data needed to advance the Earth Mapping Resources Initiative program, supporting the identification and management of critical minerals in the United States. Demand for critical minerals is growing to support the energy independence transition, and identification of domestic sources reduces dependence on international suppliers.
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RTX | Hot Stocks08:04 EST RTX Pratt & Whitney receives U.S. FAA certification for GTF engine - Pratt & Whitney, an RTX business, announced that it has received U.S. Federal Aviation Administration, FAA, certification for the GTF engine that will power the Airbus A321XLR aircraft. The engine type certificate, granted on December 12 and applicable to the PW1100G-JM engine, was updated to include the A321XLR.
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AUID | Hot Stocks08:03 EST authID, TurboCheck partner to combat fake job candidates - TurboCheck and authID announced a partnership to tackle the escalating challenges of hiring fraud in the digital age. To date, TurboCheck has identified over 200,000 fake candidates, demonstrating the scale of the problem and the critical need for advanced fraud detection solutions. This collaboration combines TurboCheck's advanced fraud detection platform with authID's biometric technology, providing employers and staffing firms with unparalleled confidence in candidate authenticity.
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CTSH | Hot Stocks08:02 EST Cognizant receives accredited ISO/IEC 42001:2023 certification for AI system - Cognizant announced it has received accredited ISO/IEC 42001:2023 certification for its artificial intelligence management system. Cognizant is the first global IT service company to receive this accredited certification, which underscores Cognizant's commitment to responsible AI development and deployment while strengthening its position as a trusted partner in digital transformation. "We are honored to receive the first ISO/IEC 42001:2023 accredited certification in our industry," said Ravi Kumar S, CEO at Cognizant. "In today's market, businesses demand partners who not only drive innovation but also align with their values and sustainability goals. This certification solidifies our role as a trusted leader in enabling ethical and sustainable digital transformation worldwide."
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STGYF... | Hot Stocks08:01 EST AFEELA introduces Stingray Karaoke as in-car entertainment services - Sony Honda Mobility partnered with Stingray Group to expand its in-car entertainment services. Through this partnership, AFEELA customers will be able to use Stingray Karaoke and enjoy in-car karaoke services. With the introduction of Stingray Karaoke, customers will have access to a massive international song library of over 100,000 licensed tracks. This collection browsable by title, artist, lyrics, or genre, features today's top charting artists and yesterday's legends. It spans a wide range of genres, including Pop, Rock, Country, Rap, R&B, K-Pop, Holiday Classics and Kids & Family, providing AFEELA customers with an enhanced entertainment experience for every taste and occasion.
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BA | Hot Stocks08:01 EST Boeing's Millennium Space Systems names Tony Gingiss as CEO - Tony Gingiss is chief executive officer of Millennium Space Systems, a Boeing Company, effective December 9. Gingiss has more than 30 years of experience in executive leadership, operations, design and production, across commercial, civil, defense and national security space. He previously held pivotal roles with Terran Orbital, Virgin Orbit and Airbus OneWeb Satellites.
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LMAT | Hot Stocks07:59 EST LeMaitre announces proposed convertible senior notes offering - LeMaitre Vascular announced its intention to offer, subject to market and other conditions, $150,000,000 aggregate principal amount of Convertible Senior Notes due 2030 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. LeMaitre also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $22,500,000 aggregate principal amount of notes. The notes will be senior, unsecured obligations of LeMaitre, will accrue interest payable semi-annually in arrears, and will mature on February 1, 2030, unless earlier repurchased, redeemed or converted. Noteholders will have the right to convert their notes in certain circumstances and during specified periods into cash, shares of LeMaitre's common stock, or a combination of cash and shares of LeMaitre's common stock, at LeMaitre's election. The notes will be redeemable, in whole or in part, for cash at LeMaitre's option at any time, and from time to time, on or after February 5, 2028 and on or before the 40th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of LeMaitre's common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If certain corporate events that constitute a "fundamental change" occur, then noteholders may require LeMaitre to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. The final terms of the notes, including the initial conversion price, interest rate and certain other terms of the notes, will be determined at the time of pricing. LeMaitre intends to use the net proceeds from the offering, including the purchase of additional notes, for working capital and other general purposes, which may include acquisitions of or investments in complementary companies, product lines, products or technologies.
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SPRC | Hot Stocks07:53 EST SciSparc amends non-binding LOI to spin-off advanced clinical stage portfolio - SciSparc has signed an amendment to its non-binding letter of intent to spin off by reverse merger its advanced clinical stage pharmaceutical portfolio and its equity stake in SciSparc Nutraceuticals to Miza III Ventures as previously announced on July 8, 2024. Pursuant to the amendment to the LOI, the Company and Miza shall negotiate in good faith and use reasonable commercial efforts to enter into a definitive agreement by no later than March 31, 2025, which was extended from July 31, 2024, provided that such date may be extended by mutual written agreement of the parties, and to close the proposed transaction by no later than April 30, 2025, which was extended from October 31, 2024. The LOI references a proposed asset and share purchase agreement to be determined and negotiated between the Company and Miza, that will be based on an approximate $3.3M total enterprise value of Miza, including its $1M cash position, and an approximate $11.6M value of SciSparc's assets. Pursuant to the LOI, SciSparc would sell, assign, convey and transfer to Miza the Target Assets in consideration for 63,300,000 common shares of Miza and up to 48,000,000 Miza contingent rights based on pre-determined milestones. Following the closing of such transaction, SciSparc would hold a controlling interest in Miza, the exact percentage of which is contingent on agreeing definitive terms between the parties. The resulting entity, of which SciSparc would hold an equity stake ranging from a minimum of approximately 75% to a maximum of 84.53%, would be active in both the pharmaceutical and supplement sectors. Such Agreement, if it were to be finalized and completed, would align with SciSparc's strategy of creating value for its shareholders and follows the announcement of the proposed plan of merger agreement and transaction relating to AutoMax Motors Ltd., as previously announced by SciSparc on April 11, 2024. SciSparc's pharmaceutical portfolio includes SCI-110 for treating persons with Tourette syndrome, which is subject to a phase IIb clinical trial, SCI-110 for treating persons with Alzheimer's disease, the phase II clinical trial of which has been completed, and SCI-210 for treating children with autism, subject to a randomized, double-blind and placebo-controlled trial that commenced in the first quarter of 2024.
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HWAIF | Hot Stocks07:49 EST Healwell AI to acquire Orion Health for C$165M - HEALWELL AI has entered into an agreement to acquire 100% of the shares of Auckland, New Zealand based Orion Health Holdings Limited, a subscription license and services revenue business serving marquee public sector clients globally with data interoperability and healthcare navigation products and services after the concurrent divestiture of Orion Health's divisions that are non-strategic to HEALWELL, for total consideration of NZD$200m or C$165m. The acquisition of Orion Health and concurrent divestment of non-strategic divisions will represent a transformative milestone in HEALWELL's journey to become a global leader in healthcare technology and artificial intelligence. Orion Health is expected to generate revenue of more than C$100M with EBITDA of over C$20m in calendar 2025. Orion Health is a leader in global healthcare technology, with over 70 worldwide customers in 11 countries. This acquisition will provide HEALWELL with a significant muti-jurisdictional platform to deliver its best-in-class AI-driven solutions by integrating them with Orion Health's advanced healthcare data infrastructure capabilities. Orion Health's software solutions currently serve a population approaching 150 million lives globally; which will materially expand HEALWELL's footprint to execute against its mission of early disease detection. Orion Health is a global leader in the development and deployment of data management platforms at scale, delivering healthcare information intelligence through their advanced Virtuoso Digital Front Door and Amadeus Digital Care Record platforms. Their ability to aggregate data from multiple sources and knit it together for healthcare practitioners to have seamless data flow across multiple complex health systems benefits patients but also delivers population scale data. These platforms have won Orion Health long-term contracts in some of the largest countries and regions globally. Australia and New Zealand, the NHS in the UK and North America are their strongest markets with Canada being their largest regional market. The Province of Ontario is implementing both the DCR and DFD solutions while the Province of Alberta has been a DCR customer for more than 20 years. The acquisition of Orion Health will provide opportunities for global health systems to access HEALWELL's AI technology to deliver actionable insights and drive better healthcare outcomes. It also significantly scales HEALWELL's platform by deepening its penetration into the public sector, supported by Orion Health's long-standing government relationships and broader customer base. Moreover, the acquisition will unlock substantial revenue synergy potential, as well as improved operational efficiencies and cost savings through shared services with WELL Health Technologies Corp., HEALWELL's largest investor and strategic partner. Collectively, these advantages will strengthen HEALWELL's financial profile, creating a larger, scalable business with substantial growth and value-creation potential. HEALWELL will acquire 100% of the shares of Orion Health, following the concurrent divestiture of Orion Health's non-strategic assets, for an aggregate purchase price of $175M NZD plus a performance based earnout of up to a further $25M NZD. On closing, HEALWELL will satisfy the purchase price of C$144M with a combination of C$86M in cash and C$57.4M in HEALWELL Class A Subordinate Voting shares priced with reference to the related financing. The Transaction is expected to close on or before April 1st, 2025 subject to regulatory approval, approval from the Toronto Stock Exchange, divestment of the non-strategic assets, and exercise of a call option to consolidate minority share positions in Orion Health with the major shareholder. The purchase price is expected to be financed through a combination of up to C$50M in senior bank debt provided by a Canadian Schedule I bank and the net proceeds of the Offering. The C$57.4M of equity issued as part of the purchase price will be issued at a deemed price of $1.61 per share. The Offering will be completed on a "bought deal" private placement basis and will be co-lead by Eight Capital and Scotiabank, on behalf of a syndicate of underwriters. The Offering will consist of: 10,000,000 subscription receipts of the Company at a price of $2.00 per Subscription Receipt; and 31,250 convertible debentures of the Company by way of private placement on a "bought deal" basis at a price per Convertible Debenture of $960, for total gross proceeds of $50,000,000. The Convertible Debentures will be issued with a 4% original issue discount and will be convertible into Shares at a price of $2.40 per Share. The Company may force the conversion of all of the principal amount of the then outstanding Convertible Debentures at a price of $2.40 per Share on not less than 30 days' notice should, at any time following the date that is 4 months and 1 day following the issue date, the daily volume weighted average trading price of the Shares be greater than $3.85 for any 10 consecutive trading days. The Convertible Debentures will bear interest at the rate of 10% per annum, payable semi-annually in arrears on June 30 and December 31 of each year, beginning on June 30, 2025. The Convertible Debentures will mature on December 31, 2029, unless earlier repurchased, redeemed, or converted in accordance with their terms. The Convertible Debentures will not be redeemable at the Company's option prior to December 31, 2027. On or after January 1, 2028, the Convertible Debentures will be redeemable at the Company's option, in whole or in part, at a price equal to 110% of the principal amount of the Convertible Debentures to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Each Subscription Receipt will entitle the holder thereof to receive, upon satisfaction of the Release Conditions, for no additional consideration, one unit of the Company consisting of one Share and one-half of one Share purchase warrant, with each whole warrant exercisable at a price of $2.50 for a period of 36 months following the closing of the Offering. The gross proceeds of the Subscription Receipt portion of the Offering, less 50% of the Underwriters' cash commission and certain expenses of the Underwriters, will be deposited in escrow on closing of the Offering until the satisfaction of certain release conditions, including that all conditions precedent to the Transaction have been met. In the event that the Release Conditions have not been satisfied prior to 5:00 p.m. on June 30, 2025, or the Company advises the Underwriters or announces to the public that it does not intend to satisfy the Release Conditions or that the Transaction has been terminated, the aggregate issue price of the Subscription Receipts shall be returned to the applicable holders of the Subscription Receipts, and such Subscription Receipts shall be automatically cancelled and be of no further force and effect. The Company has granted the Underwriters an option to offer for sale up to an additional 15% of the Subscription Receipts, exercisable in whole or in part at any time for a period of up to 48 hours prior to the closing date. Completion of the Offering will be subject to various conditions, including the approval of the Exchange. As the Transaction and Offering will exceed 25% of the number of HEALWELL's current issued and outstanding shares, HEALWELL is required to obtain shareholder approval from shareholders holding at least a majority of the voting power of the Company.
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AEG | Hot Stocks07:42 EST Aegon down 3% at $6.13 following short thesis by Spruce Point Capital
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BHVN | Hot Stocks07:42 EST Biohaven reports clinical, regulatory milestones across MoDE platform - Biohaven highlighted the achievement of several clinical and regulatory milestones across its proprietary Molecular Degrader of Extracellular Proteins, MoDE, platform as well as its glutamate modulation and ion channel programs. Subcutaneously administered BHV-1300 achieved deep lowering of targeted IgG, with reductions greater than 60% in the lowest subcutaneous dose tested in the ongoing multiple ascending dose study. Subcutaneous BHV-1300 achieved progressive reduction in IgG within hours of each weekly dose administration in the MAD, and pharmacodynamic effects were sustained relative to baseline over the four-week study period. BHV-1300 has been safe and well-tolerated across the Phase 1 study. There were no clinically significant effects on albumin or liver function, and no increases in cholesterol were noted. In addition to the new Phase 1 data with BHV-1300, Biohaven also announced regulatory acceptance of three INDs and/or CTAs for its next-generation MoDE molecules to target other immune mediated diseases. Two of these novel MoDEs, BHV-1400 and BHV-1600, represent the platform's first autoantibody specific degraders, sparing the body's healthy antibodies to function normally while clearing disease-causing antibodies. Dosing in humans has been initiated for BHV-1400, a novel IgA nephropathy investigational therapy designed to selectively degrade galactose deficient IgA1 without immunosuppression. Biohaven also initiated dosing in humans with BHV-1600 in 4Q 2024.
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GMVHF | Hot Stocks07:41 EST AUSTRAC starts civil penalty proceedings against Entain subsidiary in Australia - Entain acknowledged that the Australian Transaction Reports and Analysis Centre, or AUSTRAC, has commenced civil penalty proceedings in the Federal Court of Australia against Entain Group, the group's subsidiary in Australia. Entain is considering the Originating Application and Concise Statement filed and served by AUSTRAC. The proceedings against Entain Australia relate to alleged contraventions of the Australian Anti-Money Laundering and Counter-Terrorism Financing Act 2006, identified as part of AUSTRAC's enforcement investigation of Entain Australia. The Act requires those it regulates to identify, mitigate and manage risks of money laundering and terrorist financing. As the group has previously disclosed, this investigation was announced by AUSTRAC in September 2022. Entain has co-operated with AUSTRAC throughout its investigation, and in December 2022 commenced a program of further enhancements to Entain Australia's anti-money laundering and counter-terrorist financing systems and processes. This dedicated program, as communicated to AUSTRAC, is due to be completed in June 2025. The company noted the previous penalties in AUSTRAC proceedings in the gaming sector and, whilst the outcome of the civil penalty proceeding against Entain Australia is uncertain, it may result in a penalty being levied which could be potentially material. The level of any penalty is ultimately a matter for the Federal Court of Australia, which proceedings may take some time.
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MMLP | Hot Stocks07:38 EST Nut Tree Capital, Caspian urge Martin Midstream shareholders vote against sale - Nut Tree Capital Management and Caspian Capital, which together with their affiliates have combined exposure in Martin Midstream Partners of approximately 13.6% of the outstanding common units, sent a letter to MMLP's common unitholders urging them to vote "AGAINST" the sale of MMLP to Martin Midstream Resource Corporation for $4.02 per common unit at the Company's upcoming meeting of unitholders scheduled for Monday, December 30, 2024.
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AEHR | Hot Stocks07:38 EST Aehr Test Systems secures $10M in orders for wafer level test, burn-in systems - Aehr Test Systems announced a significant milestone with the receipt of its first artificial intelligence customer order for multiple high-power FOX-XP wafer level test and burn-in systems and multiple sets of Aehr Test proprietary WaferPak Contactors. These initial volume production orders are valued at over $10 million with the first system scheduled to ship immediately and completion of the shipments of the systems and initial product WaferPaks within 90 days.
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OGN | Hot Stocks07:36 EST FDA approves Organon's VTAMA cream, 1% for the treatment for AD - Organon announced that the U.S. Food and Drug Administration or FDA has approved VTAMA or tapinarof cream, 1%, an aryl hydrocarbon receptor agonist, for an additional indication of the topical treatment of atopic dermatitis AD in adults and pediatric patients 2 years of age and older.Organon received the FDA approval prior to its extended target action date PDUFA of March 12. "With the FDA's approval of VTAMA cream in atopic dermatitis for adults and children as young as 2 years old, there is now a therapy that offers the potential for powerful skin clearance with no label warnings or precautions, contraindications, and no restrictions on duration of use or percentage of body surface area affected," said Kevin Ali, Organon's Chief Executive Officer. "Introducing this new first-in-class therapy for AD patients reaffirms Organon's commitment to addressing areas of high unmet need." ... "Moreover, because the prevalence of itch makes this condition extremely burdensome to patients and their families, the itch data from the ADORING program demonstrates reduction of one of the condition's most prevalent symptoms with use of VTAMA cream."
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ANNX | Hot Stocks07:35 EST Annexon announces topline results from RWE study of ANX005 in GBS - Annexon announced topline results from a real-world evidence study supporting ANX005 as a potential treatment for Guillain-Barre Syndrome. GBS is a rapid-onset and acute neuromuscular disease with no U.S. Food and Drug Administration-approved treatments. ANX005, the most advanced targeted immunotherapy in development for GBS, is designed to rapidly block C1q and complement activity with a single dose to halt disease progression during the critical progressive phase of the disease. Working in collaboration, the IGOS investigators and Annexon established a cohort of 79 real-world patients from the IGOS global patient registry that was matched based on key prespecified prognostic factors to the cohort of 79 patients treated with ANX005 30 mg/kg from Annexon's completed Phase 3 study conducted outside the United States. Patients in the ANX005 Phase 3 population had moderate to severe disease, and the matching level demonstrates that the Phase 3 population is represented within the global GBS patient spectrum captured in IGOS. Patients treated with ANX005 showed faster and greater improvement in muscle strength and disability compared to patients in the matched IGOS cohort treated with IVIg or PE. The comparison also showed that fewer patients treated with ANX005 required mechanical ventilation. Further, ANX005-treated patients were observed to spend less time on ventilation and less time in the intensive care unit. These findings indicate that ANX005 may decrease the overall burden of GBS care. Key findings comparing ANX005 30 mg/kg to IVIg or PE: By week 1, patients treated with ANX005 showed more than a 10-point improvement in muscle strength over patients treated with IVIg or PE, a clinically meaningful benefit as measured by Medical Research Council sumscore and an indicator for future recovery potential; Patients treated with ANX005 were approximately twice as likely to be in a better state of health than patients on IVIg or PE on the GBS-Disability Scale at multiple timepoints throughout the study, including at week 8, the primary endpoint for the Phase 3 trial; Approximately half the number of patients treated with ANX005 required mechanical ventilation compared with patients treated with IVIg or PE; ANX005-treated patients were observed to spend fewer days on mechanical ventilation and fewer days in the ICU.
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OGN | Hot Stocks07:35 EST FDA approves Organon's VTAMA cream, 1% for the treatment for AD treatment - Organon announced that the U.S. Food and Drug Administration or FDA has approved VTAMA or tapinarof cream, 1%, an aryl hydrocarbon receptor agonist, for an additional indication of the topical treatment of atopic dermatitis AD in adults and pediatric patients 2 years of age and older.Organon received the FDA approval prior to its extended target action date PDUFA of March 12. "With the FDA's approval of VTAMA cream in atopic dermatitis for adults and children as young as 2 years old, there is now a therapy that offers the potential for powerful skin clearance with no label warnings or precautions, contraindications, and no restrictions on duration of use or percentage of body surface area affected," said Kevin Ali, Organon's Chief Executive Officer. "Introducing this new first-in-class therapy for AD patients reaffirms Organon's commitment to addressing areas of high unmet need." ... "Moreover, because the prevalence of itch makes this condition extremely burdensome to patients and their families, the itch data from the ADORING program demonstrates reduction of one of the condition's most prevalent symptoms with use of VTAMA cream."
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VRDN | Hot Stocks07:35 EST Viridian Therapeutics announces THRIVE-2 trial met primary, secondary endpoints - Viridian Therapeutics announced topline data from the THRIVE-2 phase 3 clinical trial of veligrotug, an intravenously delivered anti-insulin-like growth factor-1 receptor antibody, in patients with chronic thyroid eye disease. TED is an autoimmune condition characterized by inflammation, growth, and damage to tissues around and behind the eyes. THRIVE-2 met all primary and secondary endpoints at the 15-week primary analysis timepoint after five infusions of veligrotug, showing statistically significant responses on all of the measured signs and symptoms of TED: proptosis, CAS, and diplopia. THRIVE-2 enrolled a total of 188 patients, randomized to veligrotug and placebo. The mean time since onset of TED in this patient population was 69.8 months. The key data at the primary efficacy analysis timepoint of 15 weeks are as follows: THRIVE-2 met all primary and secondary endpoints at the 15-week primary analysis timepoint after five infusions of veligrotug, showing statistically significant responses on all of the measured signs and symptoms of TED: proptosis, CAS, and diplopia. THRIVE-2 enrolled a total of 188 patients, randomized to veligrotug and placebo. The mean time since onset of TED in this patient population was 69.8 months. The key data at the primary efficacy analysis timepoint of 15 weeks are as follows: 56% in veligrotug patients, compared with 8% in placebo patients. PRR was statistically significant at all time points, including as early as 3 weeks after just one infusion, demonstrating a rapid onset of response. PRR is defined as at least a 2-millimeter reduction in proptosis from baseline in the study eye without worsening in the fellow eye, as measured by exophthalmometry. PRR results as measured by MRI/CT were consistent with those measured by exophthalmometry at the primary efficacy analysis timepoint. 2.34mm mean reduction in proptosis from baseline in veligrotug patients, compared with 0.46mm reduction in placebo patients. 56% of veligrotug patients achieved a diplopia response, compared with 25% of placebo patients. Rapid onset was observed as early as 6 weeks after just two infusions. Diplopia response is defined as patients achieving a reduction of at least 1 on the Gorman subjective diplopia scale at week 15, for those patients with diplopia at baseline. Diplopia resolution is defined as patients achieving a score of 0 on the Gorman subjective diplopia scale at week 15, for those patients with diplopia at baseline. CAS measures inflammatory signs and symptoms of TED, providing a composite score of pain, as well as redness and swelling of the eyelids and conjunctiva, on a scale from 0 to 7. 54% of veligrotug patients achieved maximal or near-maximal therapeutic effect on CAS, compared with 24% of placebo patients, defined as reaching a CAS of 0 or 1, among patients with a CAS of greater than or equal to 3 at baseline. 2.9-point mean reduction in CAS from baseline in veligrotug patients, compared with 1.3-point reduction in placebo patients, among patients with a CAS of greater than or equal to 3 at baseline. 56% of veligrotug patients achieved an overall response, compared with 7% of placebo patients. Overall Responder Rate is defined as achieving a proptosis response without worsening of CAS from baseline and without worsening in the fellow eye in either proptosis or CAS. Veligrotug was generally well-tolerated with a safety profile consistent with previous veligrotug studies including THRIVE. The majority of adverse events were mild, and 94% of veligrotug-treated patients completed their treatment course. There was a 9.6% placebo-adjusted rate of hearing impairment AEs. Based on this shared binding domain, Viridian believes the topline results from THRIVE-2, in addition to the previously reported THRIVE results, reinforces the potential best-in-class profile of VRDN-003 to deliver clinical activity and safety consistent with veligrotug in a low-volume, infrequent, self-administered, subcutaneous injection that patients take at home. Viridian is currently dosing patients in two global phase 3 clinical trials for VRDN-003, REVEAL-1 and REVEAL-2, in active and chronic TED, respectively. Viridian anticipates reporting topline data from these studies in the first half of 2026 and submitting a BLA for VRDN-003 for the treatment of TED by year-end 2026.
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SNGX | Hot Stocks07:34 EST Soligenix initiates confirmatory Phase 3 trial of HyBryte - Soligenix announced that it has opened patient enrollment for its confirmatory Phase 3 study evaluating HyBryte in the treatment of cutaneous T-cell lymphoma, CTCL. The confirmatory Phase 3 study builds on the previous statistically significant Phase 3 study, as well as a recent successful comparative study and an ongoing investigator-initiated study, each further supporting the design of the FLASH2 clinical trial.
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MHH | Hot Stocks07:33 EST Mastech Holdings appoints Nirav Patel as President, CEO - Mastech Digital announced that Nirav Patel has been appointed as President and Chief Executive Officer, CEO, and member of the company's Board of Directors, effective January 6, 2025. Patel succeeds Vivek Gupta, who is stepping down after leading the company since 2016. Most recently, Patel served as President and CEO of Bristlecone, a Mahindra Group company specializing in digital supply chain transformation.
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XLO MCRB | Hot Stocks07:32 EST Xilio Therapeutics appoints Caroline Hensley as CLO - Xilio Therapeutics (XLO) announced the appointment of Caroline Hensley as chief legal officer. Hensley most recently served as senior vice president, assistant general counsel and chief compliance officer at Seres Therapeutics (MCRB).
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GSK | Hot Stocks07:32 EST GSK announces CHMP of the EMA recommended expanding approval of Jemperli - GSK announced the Committee for Medicinal Products for Human Use, CHMP, of the European Medicines Agency, EMA, has recommended expanding the approval of Jemperli in combination with chemotherapy for first-line treatment of all adult patients with primary advanced or recurrent endometrial cancer who are candidates for systemic therapy. This would include patients with mismatch repair proficient /microsatellite stable tumours, who represent 70-75% of patients diagnosed with endometrial cancer and who have limited treatment options. The CHMP opinion is one of the final steps prior to a marketing authorisation decision by the European Commission, with an approval decision expected in the first quarter of 2025.
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CETX | Hot Stocks07:31 EST Cemtrex's Vicon Industries secures $10.4M Valerus expansion order - Cemtrex's Vicon Industries subsidiary has received a record breaking $10.4M order for a state government corrections facility in the mid-Atlantic region. This significant order will expand the customer's Valerus surveillance security system with additional hardware, including enhanced storage infrastructure. The order is expected to be fulfilled in the Company's second fiscal quarter of 2025, fully within Cemtrex's fiscal year. Specific details about the customer remain confidential in accordance with non-disclosure agreements.
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GSK | Hot Stocks07:30 EST GSK announces EMA granted PRIME Designation for GSK5764227 - GSK announced that the European Medicines Agency, EMA, has granted Priority Medicines, PRIME, Designation for GSK5764227, its B7-H3-targeted antibody-drug conjugate, ADC, being evaluated for the treatment of patients with relapsed extensive-stage small-cell lung cancer, ES-SCLC. The PRIME Designation supports the development of medicines with potential to offer a major therapeutic advantage for patients. This is the second regulatory designation for GSK'227, following the US Food and Drug Administration's decision to grant Breakthrough Therapy Designation in August 2024.
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GSK | Hot Stocks07:29 EST GSK announces FDA granted BTD for Jemperli - GSK announced that the US Food and Drug Administration, FDA, has granted Breakthrough Therapy Designation, BTD, for Jemperli for the treatment of patients with locally advanced mismatch repair deficient/microsatellite instability-high, MSI-H, rectal cancer. The Breakthrough Therapy Designation aims to expedite the development and review of drugs with the potential to treat a serious condition and where preliminary clinical evidence may indicate substantial improvement over currently available therapy. This is the second regulatory designation for dostarlimab in locally advanced dMMR/MSI-H rectal cancer, following Fast Track designation for the same patient population in January 2023.
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SHEL | Hot Stocks07:28 EST Shell subsidiary announces FID on Bonga North deep-water project - Shell Nigeria Exploration and Production Company, SNEPCo, a subsidiary of Shell, has announced a final investment decision, FID, on Bonga North, a deep-water project off the coast of Nigeria. Bonga North will be a subsea tie-back to the Shell-operated Bonga Floating Production Storage and Offloading, FPSO, facility which Shell operates with a 55% interest. The Bonga North project involves drilling, completing, and starting up 16 wells, modifications to the existing Bonga Main FPSO and the installation of new subsea hardware tied back to the FPSO. The project will sustain oil and gas production at the Bonga facility. Bonga North currently has an estimated recoverable resource volume of more than 300 million barrels of oil equivalent and will reach a peak production of 110,000 barrels of oil a day, with first oil anticipated by the end of the decade.
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SVAUF | Hot Stocks07:28 EST StorageVault Canada appoints Deborah Robinson to board of directors - STORAGEVAULT CANADA announced that Deborah Robinson, ICD.D, has been appointed as a director of StorageVault as Jay Lynne Fleming has decided to step down from the Board for personal reasons. Effective December 16, 2024, the Board of Directors of StorageVault will be Benjamin Harris, Iqbal Khan, Deborah Robinson, Steven Scott, Alan Simpson and Mary Vitug. Upon joining the Board, Ms. Robinson will serve as Chair of the Governance, Nominating and Compensation Committee. Robinson is the founder and President of Bay Street HR, an outsourced human resources service provider to small and mid-sized financial and professional service firms
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MCRB | Hot Stocks07:27 EST Seres Therapeutics to highlight plans for SER-155 at JPMorgan conference - Seres Therapeutics announced that management will participate in the 43rd Annual J.P. Morgan Healthcare Conference. Eric Shaff, President and CEO, will present a corporate overview on January 16, 2025 at 7:30 a.m. PT. Seres will highlight its plans to advance its biotherapeutics pipeline, focusing on SER-155, the Company's lead program. The Company recently announced that SER-155 received Breakthrough Therapy designation for the reduction of bloodstream infections in adults undergoing allogeneic hematopoietic stem cell transplant, to treat hematological malignancies, from the US Food and Drug Administration. This designation was supported by Phase 1b placebo-controlled study results in patients undergoing allo-HSCT demonstrating that SER-155 was associated with a significant reduction in BSIs a significant reduction in systemic antibiotic exposure, and lower incidence of febrile neutropenia. In addition to allo-HSCT, bloodstream infections are a common and serious complication in many other medically vulnerable populations, including autologous-HSCT patients, cancer patients with neutropenia, CAR-T recipients, individuals with chronic liver disease, solid organ transplant recipients, as well as patients in the intensive care unit and long-term acute care facilities. Seres is actively seeking a partner to provide financial resources and other capabilities to more fully explore the development of SER-155 and additional pipeline candidates for these populations.
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EC | Hot Stocks07:26 EST Ecopetrol announces changes in senior management - Ecopetrol announces that German Gonzalez Reyes, who has been serving as Secretary General since September 29, 2023 and Acting Director of Institutional Relations and Communications since June 28, 2024, will perform his duties until January 17, 2025. Ecopetrol thanks German Gonzalez for his seven years of service, his valuable management, and the contributions made to Ecopetrol, and wishes him much success in his new professional endeavors. Consequently, the Board of Directors made the following appointments on December 13, 2024: Cristina Toro Restrepo, current Corporate Legal Vice President, as Acting Secretary General, effective as of January 18, 2025, until the position is permanently filled; Rodolfo Garcia Paredes, current Hydrocarbons Legal Manager, as Acting Corporate Legal Vice President, effective as of January 18, 2025, until the position of Secretary General is permanently filled; Diana Marcela Jimenez, current Regulatory Strategy Manager, as Acting Director of Institutional Relations and Communications, effective as of January 18, 2025, until the position is permanently filled.
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ISENF UEC | Hot Stocks07:26 EST Anfield provides further update on proposed plan of arrangement - Anfield Energy announces an update to the proposed plan of arrangement between the Company and IsoEnergy (ISENF) which was approved at the Company's special meeting of shareholders held on December 3, 2024. Further to the Company's news release dated December 10, 2024, the Company appeared before the BC Supreme Court on Monday, December 9 and Friday, December 13 seeking the Court's final order to the Arrangement. Uranium Energy Corp. (UEC), a shareholder of Anfield, opposed the granting of the Final Order and appeared at the hearing. During the afternoon of the second day of the hearing, UEC submitted to the Court a letter addressed to the Company offering to purchase 107,142,857 common shares of the Company at a price of $0.14 per share for total proceeds of $15,000,000. The UEC Financing Letter stated the following: "...we confirm that we are offering to subscribe for 107,142,857 common shares of Anfield at a price of C$0.14 per share.We are in a position to close this offer within one business day of acceptance. This offer is not subject to any due diligence condition...There is only one condition to this offer, being the Arrangement be terminated in accordance with its terms and the offering be completed on or before December 31, 2024." At the end of the hearing the judge adjourned the Company's application and ordered disclosure of the UEC Financing Letter by way of press release and further ordered the Company to hold a new shareholders' meeting to approve the Arrangement following public disclosure of the UEC Financing Letter. Pursuant to the terms of the Arrangement Agreement, the Company is unable to complete any equity financings or to discuss any proposals regarding equity financings, including the UEC Financing Letter, with any party. The UEC Financing Letter is not a Superior Proposal under the terms of the Arrangement Agreement and should not be viewed as such. UEC has advised the Court that the UEC Financing Letter is not a Superior Proposal as that term is defined in the Arrangement Agreement. Under the terms of the Arrangement Agreement, the outside date for completion of the Arrangement is December 31, 2024. If the Arrangement is not completed by such date IsoEnergy or Anfield may terminate the Arrangement Agreement. Under the terms of the bridge loan that IsoEnergy provided to Anfield in connection with the proposed Arrangement, the loan becomes immediately due and payable upon the termination of the Arrangement Agreement. Anfield will be appealing the Court's ruling and will request that the appeal be heard on an expedited basis prior to December 31, 2024. Anfield continues to believe that the Arrangement represents compelling value for all Anfield shareholders and will provide further details regarding next steps as soon as it is able.
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DPZ | Hot Stocks07:25 EST Domino's Pizza teams up with wide receiver Stefon Diggs - Domino's is teaming up with All-Pro wide receiver Stefon Diggs, who was injured earlier this season, to give away $1 million worth of free Emergency Pizzas to fans who had him on their fantasy football roster. "Domino's promised we'd bring back Emergency Pizza in more fun and unexpected ways than ever before, so we're here to continue delivering on that promise," said Kate Trumbull, Domino's executive vice president - chief marketing officer.
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CNP | Hot Stocks07:24 EST CenterPoint Energy appoints Seavers as new board member - CenterPoint Energy announced the appointment of Dean Seavers, former President of National Grid U.S. and Executive Director of National Grid's parent company, to its Board of Directors, effective Dec. 31, 2024. Seavers brings a background of deep electric and gas utility experience to the Board as well as currently serving as a Senior Advisor for Stifel Financial. His appointment will fill a vacancy on the Board and he is expected to stand for election as a director at the company's annual meeting of shareholders in 2025.
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INVA | Hot Stocks07:24 EST Innoviva enters distribution, license agreement with Basilea for Zevtera - Innoviva announced it has entered into an exclusive distribution and license agreement with Basilea Pharmaceutica for the commercialization of Zevtera, an advanced-generation cephalosporin antibiotic, in the United States. In April, the FDA approved Zevtera for three specific treatment indications, and it is the only FDA-approved methicillin-resistant Staphylococcus aureus, or MRSA, cephalosporin antibiotic for treating adult patients with Staphylococcus aureus bloodstream infections and endocarditis. Zevtera is indicated for the treatment of adult patients with SAB, including right-sided infective endocarditis, and adult patients with acute bacterial skin and skin structure infections and for adult and pediatric patients with community-acquired bacterial pneumonia.
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EYPT | Hot Stocks07:22 EST EyePoint reports inducement grants under NASDAQ listing rule - EyePoint announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company's 2023 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to an aggregate of 54,600 shares of EyePoint Pharmaceuticals common stock to six new employees. The stock options were granted on December 13, 2024. The grants were approved by the Compensation Committee and made as an inducement material to each employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option awards have an exercise price of $7.46 per share, the closing price of EyePoint Pharmaceuticals' common stock on December 13, 2024. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee's date of grant and the remainder vesting in equal monthly installments over the following three years. Vesting of the options is subject to the employee's continued service with EyePoint Pharmaceuticals through the applicable vesting dates.
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PSX | Hot Stocks07:22 EST Phillips 66 to sell DCP GCX Pipeline to ArcLight for proceeds of $865M - Phillips 66 announced that it has entered into a definitive agreement to sell DCP GCX Pipeline which owns a 25% non-operated equity interest in Gulf Coast Express Pipeline to an affiliate of ArcLight Capital Partners, for pre-tax total cash proceeds of $865M, subject to purchase price adjustments. "With this transaction, we have exceeded our $3 Basset divestiture target established in our strategic priorities. We intend to continue to optimize the portfolio and rationalize non-core assets going forward," said Mark Lashier, chairman and CEO of Phillips 66. "The evolution of our portfolio underscores our position as a leading integrated downstream energy provider, enhancing shareholder value and positioning the company for the future." Gulf Coast Express Pipeline is an approximately 500-mile pipeline system that transports about 2 billion cubic feet per day of natural gas from the Permian Basin to the Agua Dulce, Texas area. Following the transaction, Gulf Coast Express Pipeline will be jointly owned by subsidiaries of Kinder Morgan( KMI) and affiliates of ArcLight Capital Partners The sales price represents an implied Enterprise Value/EBITDA multiple of 10.6x based on expected 2025 EBITDA. Proceeds from the sale will support the strategic priorities of Phillips 66, including returns to shareholders and debt reduction. The sale is expected to close in January 2025.
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GOLD | Hot Stocks07:21 EST Barrick says 'unsuccessful' in arriving at final resolution with Mali Government - Barrick Gold reports that although it had previously agreed on a framework to achieve a global resolution of the disputes with the Government of Mali over the Loulo-Gounkoto complex, it has to date been unsuccessful in arriving at a final resolution despite numerous good-faith attempts to negotiate and a willingness to compromise beyond its legal rights. Barrick has engaged constructively with the Malian government and its external advisors over the past 12 months, addressing their requests for an increased share of the economic benefits generated by Loulo-Gounkoto. Notably, the government, a 20% shareholder, has to date received the majority of these benefits. Barrick's proposals toward a Memorandum of Agreement, which included significant concessions, have not been meaningfully considered and have been rejected by the Government of Mali. Even though the 2023 Mining Code has no application to existing operations such as Loulo-Gounkoto, the government insists on forcing Loulo-Gounkoto under the framework of that Code. Local operating conditions have deteriorated significantly with employees imprisoned without cause and gold shipments blocked. If shipments remain suspended, Barrick will be compelled to suspend operations, further impacting the viability of this critical economic driver for Mali. Since November 25, several senior members of Barrick's Malian management team have been imprisoned on unfounded charges, accompanied by concerning actions such as baseless tax and customs claims and the reported issuance of an illegitimate arrest warrant against Barrick's President and CEO. These actions raise serious concerns about the misuse of the criminal justice system. This follows the earlier detention of Barrick management in September and similar incidents involving senior executives from other mining operators being jailed. "Barrick has been a committed partner to Mali for nearly three decades, delivering significant value to stakeholders and communities," said Mark Bristow, Barrick President and CEO. "Recent developments further erode investor confidence in Mali's mining sector and will deter future investment. Nonetheless, in view of our long-standing commitment to the people of Mali, we remain open to constructive engagement with the government to resolve these issues while protecting the viability of this key economic driver for Mali."
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VTS | Hot Stocks07:21 EST Vitesse Energy to acquire Lucero Energy for $222M - Vitesse Energy and Lucero Energy announced they have entered into a definitive agreement under which Vitesse will acquire Lucero in an all-stock transaction with a fully diluted equity value of $222M. Under the terms of the agreement, Lucero shareholders will receive 0.01239 of a share of Vitesse common stock for each common share of Lucero. The addition of Lucero's operations will provide additional scale to Vitesse's assets across the Bakken, where Lucero had approximately 6.4 Mboe per day of two-stream net production during the third quarter of 2024. Lucero had no outstanding debt and $56M of cash as of September 30 and Vitesse expects to use a portion of the cash held by Lucero at closing to reduce outstanding borrowings under Vitesse's revolving credit facility. Vitesse is targeting about $3M of general and administrative synergies annually. In this all-stock transaction, each outstanding common share of Lucero will be exchanged for 0.01239 of a share of Vitesse common stock, with approximately 8,175,000 shares of common stock expected to be issued at closing. After closing, existing Vitesse stockholders are expected to own approximately 80% and existing Lucero shareholders are expected to own approximately 20% of the company on a fully diluted basis. The transaction will be structured as a plan of arrangement under the Business Corporations Act and is subject to the approval of at least two-thirds of the votes cast by holders of Lucero common shares at a meeting to be called to consider the transaction and if required under applicable Canadian securities laws, a majority of the votes cast by Lucero shareholders at such meeting. The issuance of shares of Vitesse common stock as consideration in the transaction is subject to the approval of the majority of votes cast at a meeting by holders of shares of Vitesse common stock in connection with the transaction, pursuant to the rules of the New York Stock Exchange, or NYSE. Following the closing of the transaction, the board of directors of Vitesse will increase to nine members and will comprise the seven current members of Vitesse's board and two nominees currently serving on Lucero's board, namely Messrs. Reaves and Chernoff. Vitesse's leadership team will continue to serve in their respective capacities in the company. Vitesse expects to promptly hedge a significant portion of the commodity risk associated with this transaction through 2026 and has hedged a meaningful portion of its own production into 2026. Vitesse historically hedges a portion of its expected oil production volumes to increase the predictability and certainty of its cash flow. Vitesse does not currently have hedges in place on its expected natural gas production volumes. The transaction has been unanimously approved by the boards of directors of both companies. The transaction is expected to close by the second quarter of 2025. The transaction is subject to customary closing conditions in the United States and Canada, as well as the approvals by Vitesse's and Lucero's shareholders described above, the approval of the Court of King's Bench of Alberta, the listing of shares of Vitesse's stock to be issued in the transaction on NYSE and certain other approvals. Further information regarding the transaction will be contained in a management information circular that Lucero will prepare, file and mail to Lucero shareholders in advance of its shareholder meeting and a proxy statement that Vitesse will file with the Securities and Exchange Commission and mail to Vitesse stockholders in advance of its stockholders meeting. Copies of the arrangement agreement and management information circular will be available on Lucero's profile on SEDAR+ at www.sedarplus.ca and the arrangement agreement and proxy statement will be available on the SEC's website at www.sec.gov under Vitesse's profile. The board of directors of Lucero has unanimously determined that the arrangement and the other transactions contemplated by the arrangement agreement are in the best interests of Lucero and fair to holders of the shares of Lucero, authorized and approved the entering into of the arrangement agreement and the performance by Lucero of its obligations under such agreement, and recommend that holders of Lucero shares vote in favor of a special resolution to approve the arrangement. FR XIII PetroShale Holdings L.P, and each of the directors and executive officers of Lucero who hold shares of Lucero, representing in aggregate approximately 63% of the outstanding shares of Lucero (on a non-diluted basis), have entered into support agreements with Vitesse and have agreed, among other things, to support and vote in favor of the transaction, subject to the provisions of such agreements.
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CBUS | Hot Stocks07:19 EST Cibus, Albaugh, RTDC affirm collaboration for weed management solution - Cibus announced an agreement affirming its collaboration with RTDC Corporation Limited and Albaugh to provide Clethodim as part of Cibus' weed management solution for U.S. rice farmers using Cibus' HT-3 trait. This continued collaboration with Albaugh, a global leader in crop protection, lends complementary market development and herbicide registration expertise and experience to Cibus' gene editing trait expertise. The collaboration is instrumental to Cibus' herbicide resistant rice trait commercialization efforts as Cibus also continues its work with its U.S. rice seed customers to bring its Clethodim-tolerant trait to market. These seed and crop protection collaborations are expected to bring together the rice production knowledge and expertise needed to successfully deliver improved rice weed management solutions for U.S. rice growers. Weed pressure impacts crop yield and quality. Herbicide tolerance traits are an important tool for growers to manage weeds and are a key product area of the multi-billion-dollar trait industry globally. Cibus' Clethodim tolerant HT-3 trait is an important breakthrough for a novel weed management solution for rice farmers and is one of the two herbicide tolerant traits in rice developed by Cibus that are expected to give rice growers excellent new solutions to manage weeds. It expected to be the first of several stacked weed management traits in rice from Cibus. Cibus currently has four seed partners for this trait: two in the United States and two in South America and is in discussion with other major rice seed companies to advance HT-3 rice in Asia.
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LRMR | Hot Stocks07:18 EST Larimar Therapeutics announces initial data from OLE study of nomlabofusp - Larimar Therapeutics announced initial data from the ongoing long-term OLE study evaluating daily subcutaneous injections of 25 mg of nomlabofusp self-administered or administered by a caregiver in participants with FA. The Company also provided a nomlabofusp development program update. The OLE study is evaluating the safety and tolerability, PK, and FXN levels in buccal and skin cells, along with exploratory pharmacodynamic markers and clinical outcomes following long-term subcutaneous administration of nomlabofusp. The participants who completed treatment in Phase 1 studies and the Phase 2 dose exploration study evaluating nomlabofusp are potentially eligible to screen for the OLE study. At the time of data cut off for the OLE study, 14 adults with FA were included with up to 260 days of long-term daily treatment of 25 mg of nomlabofusp. Among these patients, more than 50% were non-ambulatory. Key Safety Findings for Long-term 25 mg Daily Nomlabofusp: Generally well tolerated with two participants that had serious adverse events that resolved within 24 hours and withdrew from the study. Most common adverse events were injection site reactions, with most being mild, brief in duration, and self-limited. Key FXN Data for Long-term 25 mg Daily Nomlabofusp: Tissue FXN levels showed mean change from baseline of 1.32 pg/undefined in buccal cells and 9.28 pg/undefined in skin cells at Day 90. 25 mg of nomlabofusp increased and maintained tissue FXN levels over time, increasing from a mean level of 15% of HV at baseline to 30% in buccal cells and from 16% to 72% in skin cells at Day 90. Tissue FXN levels appear to reach steady-state levels by Day 30 in buccal cells. Early Trends Towards Improvement Observed Across a Number of Clinical Outcomes for Long-term 25 mg Daily Nomlabofusp: Decreased values indicating early trends towards improvement were observed in modified Friedreich Ataxia Rating Scale, FARS-Activities of Daily Living, Modified Fatigue Impact Scale, and 9 Hole Peg Test at Day 90 relative to baseline. Supports potential that nomlabofusp administration may result in a clinical benefit across a broad spectrum of patients with FA. Key Pharmacokinetic Data for Long-term 25 mg Daily Nomlabofusp: Rapid absorption after subcutaneous administration. Exposure appeared to reach steady state in plasma by Day 30 with no further accumulation Pharmacokinetic profile consistent with Phase 1 and Phase 2 studies. Additional Updates on Nomlabofusp Development Program: Dose increased to 50 mg in OLE study in 6 study participants with plan to increase dose in all other study participants Screening adolescents for pediatric PK run-in study with dosing to initiate early next year at weight-based dose equivalent of 50 mg adult dose; plan to transition adolescents who complete study participation into OLE after analysis of PK and safety data. Evaluating global clinical sites for planned registration/confirmatory study. Advancing discussions with FDA on data package required to support accelerated approval, including supplementary nonclinical pharmacology investigations, and FXN, supportive PD, and safety and clinical outcomes data from the OLE study.
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PLBY | Hot Stocks07:13 EST PLBY Group formalizes, expands partnership with Byborg - Pursuant to the licensing agreement, Byborg will license certain Playboy digital intellectual property and operate Playboy Plus, Playboy TV ) and the Playboy Club. The agreement includes $20 million in annual minimum guaranteed payments to PLBY Group over the initial 15-year term, for a total of $300 million against 25% of the net profits from the businesses. The licensing agreement includes up to nine 10-year extensions that are dependent on Byborg achieving certain operational milestones. Additional details will be included in a Form 8-K to be filed with the Securities and Exchange Commission. In addition, PLBY Group entered into a securities purchase agreement with an affiliate of Byborg, pursuant to which the Company would sell to the Purchaser $25 million in newly issued, unregistered shares of the Company's common stock at a price of $1.50 per share as long as the stock price shortly prior to the anticipated filing of the preliminary proxy for a special meeting of stockholders is at or below $1.65 per share. The additional share sale is subject to the approval of the Company's stockholders at such special meeting. In the event that the market price of the Company's common stock is above $1.65 shortly prior to the filing of the preliminary proxy for the special meeting, the Purchaser will have the option to either amend the terms of the SPA to purchase shares at 90% of the then-current 5-day volume-weighted average share price and to revise the number of shares to be purchased, subject to a minimum aggregate commitment of $25 million and a maximum holding following the closing of the SPA of 29.99%, otherwise the SPA would terminate. For example, should the 5-day VWAP be $3.00 just prior to the filing of the preliminary proxy, Byborg would have the option to amend the SPA to buy a specified number shares at $2.70, subject to the minimum dollar commitment and maximum number of shares described above. The purchase and sale of the additional stock in both cases would be subject to PLBY Group's stockholders voting in favor of the deal at a special meeting to be called for such purpose, and is expected to close promptly following such approval. As previously announced on November 5, 2024, the Purchaser purchased 14.9 million newly issued, unregistered shares of common stock of PLBY Group for a price of $1.50 per share, for a total purchase price of $22.35 million. Those shares, as well as any new shares purchased by Byborg, are subject to a lock-up period ending November 5, 2025. Byborg also entered into a standstill agreement capping its total holdings in PLBY Group at 29.99%. As a result of the initial equity purchase, beginning in 2025, PLBY Group will appoint a director nominated by Byborg and will also add a mutually agreed new independent director.
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PFGC | Hot Stocks07:12 EST Performance Food COO Craig Hoskins to switch roles, Scott McPherson to succeed - Performance Food Group announced its board of directors has approved two changes to PFG's leadership team. Effective January 1, 2025, Scott McPherson has been promoted to president and COO, while Craig Hoskins will transition into the newly established position of executive VP and chief development officer. In his new role, McPherson will continue overseeing PFG's three business segments: Foodservice, Convenience and Vistar. He will focus on the company's growth and will be responsible for all aspects of these businesses. McPherson will report to George Holm, PFG's chairman and CEO. For the past three years, Hoskins has served as president and COO of PFG.
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PLBY | Hot Stocks07:12 EST PLBY Group formalizes, expands partnership with Byborg - PLBY Group has formalized and expanded its relationship with Byborg Enterprises. Specifically, PLBY Group has closed the previously announced long-term, exclusive licensing agreement, and signed an additional securities purchase agreement with Byborg Enterprises. Ben Kohn, CEO, commented, "Partnering with Byborg aligns the Playboy brand and content with a proven operator of premium online entertainment. Byborg has an established track record of growing audiences, monetizing content, and leveraging proprietary technology to create new and compelling revenue streams. Together with Byborg's 70 million daily site visitors, I am confident we will expand the Playboy brand to new and significant audiences. Additionally, by licensing our brand and allowing Byborg to operate our legacy adult sites, linear TV channel and the Playboy Club, our creator platform, we will accelerate our transition to a more profitable asset-light business model. Once the transition is completed, we will focus on expanding our licensing business and investing in our brand. We expect to take significant costs out of PLBY Group, achieve meaningful EBITDA and be cash flow positive. Core to the contemplated strategic partnership is pursuing additional new revenue streams, including AI dating and experiences, webcam products and other initiatives, which will leverage existing Byborg intellectual property."
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FHTX LLY | Hot Stocks07:10 EST Foghorn to discontinue independent development of FHD-286 with decitabine in AML - Foghorn Therapeutics (FHTX) has made the decision to discontinue the independent development of FHD-286 in combination with decitabine in patients with relapsed and/or refractory acute myeloid leukemia. Foghorn is evaluating partnerships and ISTs to advance FHD-286. The Company will prioritize its proprietary pipeline and Lilly (LLY) collaboration programs, including the clinical-stage selective SMARCA2 inhibitor FHD-909. As of September 30, 2024, the Company had $267.4M in cash, cash equivalents and marketable securities. Its cash runway supports the Company into 2027. In the Phase 1 dose escalation trial of FHD-286 in combination with decitabine in relapsed and/or refractory AML, objective clinical responses were observed by standard response criteria. However, the observed response rate did not meet the Company's threshold to continue development by Foghorn alone. Foghorn expects to report the results at a medical conference in 2025. "While clinical responses were observed for FHD-286, we will prioritize investment into our proprietary pipeline, including our Selective CBP program, Selective EP300 program, and ARID1B program, as well as our Lilly collaboration, including the clinical development of FHD-909." said Adrian Gottschalk, CEO. "Our pipeline of potential medicines represents significant opportunities in oncology with the potential for therapeutic expansion. We want to thank the clinical investigators, the patients, and their families for their participation in the FHD-286 clinical trial."
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NCTY APP | Hot Stocks07:10 EST The9 subsidiary signed joint venture agreement with JiTuo Interactive - The9 Limited (NCTY) announced that its wholly-owned subsidiary Shanghai The9 Information Technology signed a Joint Venture agreement with Shenzhen JiTuo Interactive Technology, an AI algorithms mobile advertising company in China. JiTuo is a game development partner with AppLovin Corporation (APP) in China. It is also an agency partner for Apple Search Ads in China. The9 will hold a 51% stake and JiTuo will hold a 49% stake in the Joint Venture. The Joint Venture will become one of The9's consolidated subsidiaries to operate AI algorithms mobile advertising business, and is expected to provide marketing solution to The9's upcoming new games including MIR M.
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MNMD | Hot Stocks07:08 EST Mind Med: First patient dosed in Voyage study of LSD in treatment of GAD - Mind Medicine or MindMed announced that the first patient has been dosed in its Phase 3 Voyage study of MM120 ODT, a pharmaceutically optimized form of lysergide D-tartrate LSD or the treatment of GAD. Voyage is the first of two Phase 3 studies in GAD evaluating the efficacy and safety of MM120 ODT versus placebo and is expected to enroll approximately 200 participants in the United States. The Panorama study, the second Phase 3 trial, will be conducted in the U.S. and Europe and is on track to initiate in the first half of 2025."It is critical to continue to develop new and effective treatment options for patients with GAD, a debilitating condition where there is an urgent need for transformational innovation" "Today marks a pivotal moment in our journey towards advancing a novel treatment option for the 20 million people1 in the U.S. living with GAD. Building on our scientifically rigorous Phase 2b study, which demonstrated efficacy that far exceeds today's standard of care and a favorable tolerability profile, our Phase 3 studies are designed to adhere to the highest clinical and ethical standards and are in alignment with guidance from the U.S. Food and Drug Administration," said Daniel R. Karlin, M.D., M.A., Chief Medical Officer of MindMed...The primary endpoint of Voyage will measure the change from baseline in HAM-A at Week 12, which is consistent with the durable clinical effect observed in the Phase 2b study.
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CXW | Hot Stocks07:06 EST CoreCivic appoints Patrick Swindle as president - CoreCivic announced that CoreCivic's Board of Directors has appointed Patrick Swindle, who currently serves as CoreCivic's Executive Vice President and COO, to President and COO, effective January 1, 2025. Damon Hininger, who currently serves as CoreCivic's CEO and President, will continue serving as CoreCivic's CEO and as a member of the Board.
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VVX | Hot Stocks07:06 EST V2X opens new corporate headquarters in Reston, Virginia - V2X announces the opening of its new corporate headquarters in Reston, Virginia. "Our new headquarters represents the next chapter of V2X's growth and evolution," said Jeremy Wensinger, President and Chief Executive Officer of V2X. "We are in a position to attract top talent and strengthen our ability to deliver solutions to our clients and partners worldwide."
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BR | Hot Stocks07:05 EST Broadridge appoints Ghei as Chief Financial Officer - Broadridge Financial Solutions announced that the Broadridge Board of Directors has appointed Ashima Ghei as the Company's Chief Financial Officer, CFO, effectively immediately. Ghei has led Broadridge's global Finance team as Interim CFO since July 1, 2024, and has been instrumental in driving the company's financial strategy and execution forward in the first half of FY25.
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AGFY | Hot Stocks07:05 EST Agrify closes on acquisition of Senorita - Agrify has closed on its previously announced acquisition of certain assets from Double or Nothing LLC, the owner and creator of the Senorita brand of hemp-derived THC drinks. Senorita was designed and formulated by world-class winemakers Charles Bieler and Joel Gott. Recognizing a growing generational demand for adult beverage alternatives, Bieler and Gott gave the classic margarita a modern twist-replacing alcohol with THC to create a delightful, hangover-free beverage alternative. Through the use of all-natural, premium ingredients like organic Mexican agave, fresh lime juice and sweet, tangy mango, Senorita quickly gained acclaim, taking home the top spot in The High Times Cannabis Cup just one year after inception. Gott and Bieler continue to collaborate on the brand with Kovler and the Agrify team. Senorita currently offers two flavors - classic Lime Jalapeno Margarita and Mango Margarita. The brand's third flavor, Paloma, will launch in January and will bring together Ruby Red grapefruit, lime, and pomelo, offering consumers another refreshing flavor profile with the same vacation vibe and fresh taste consumers love. A fourth flavor, low-calorie Ranch Water, will debut in 2025. Senorita's HD9 products are currently available at top retailers including Total Wine, ABC Fine Wine & Spirits, and Binny's in nine U.S. states and Canada. Products are also available for direct-to-consumer purchase where permissible under state law at senoritadrinks.com. This acquisition of certain Canadian and U.S. hemp-derived assets from Double or Nothing LLC, the owner and creator of the Senorita HD9 beverages, as previously disclosed, was done in exchange for 530,000 shares of Agrify common stock or common stock equivalents. Following the transaction, Agrify has approximately 2.0M common shares outstanding and 7.6M warrants.
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WBUY NVDA | Hot Stocks07:03 EST Webuy advances to next phase of Nvidia AI Accelerator Program - Webuy Global announce dits advancement to the next phase of NVIDIA's AI Accelerator Program. This milestone reflects Webuy's commitment to leveraging advanced AI technologies to enhance its offerings and deliver exceptional value to its customers. The NVIDIA AI Accelerator Program, supported by Singapore's Economic Development Board, Tribe, and the Digital Industry Singapore provides startups and businesses with access to NVIDIA's state-of-the-art computing resources and technical expertise. Participation in this program underscores Webuy's vision of driving innovation through technology to reshape the e-commerce and travel industries. "We are thrilled to advance to the next stage of NVIDIA's AI Accelerator Program," said Vincent Xue Bin, Chief Executive Officer and Co-Founder of Webuy Global Ltd. "This achievement reflects our dedication to integrating AI-driven solutions into our platform to create unparalleled customer experiences. We look forward to exploring new possibilities with NVIDIA's support."
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KALV | Hot Stocks07:03 EST KalVista appoints Jeb Ledell as COO - KalVista announced that Jeb Ledell has joined the company as COO. Ledell has more than 20 years of leadership and operational experience in the biotechnology industry. He joins KalVista from Aveo Oncology, an LG Chem company, where he held the same role and oversaw Aveo's operational strategy.
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AMRN | Hot Stocks07:01 EST Amarin receives national reimbursement for VAZKEPA in Italy - Amarin Corporation announced that Italy's National Health Service approved VAZKEPA for national reimbursement to reduce cardiovascular risk in eligible high-risk patients, as published in the Official Journal of the Italian Republic.
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KO | Hot Stocks06:59 EST Coca-Cola director Helene Gayle retires - The Coca-Cola Company announced that Helene Gayle has retired from her duties as a director. Gayle had been a director of the company since 2013. She served as a member and former chair of the talent and compensation committee, and she was a member of the corporate governance and sustainability committee.
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DG | Hot Stocks06:58 EST Dollar General releases holiday deals for final days of '24 Days of Savings' - Dollar General announced its holiday daily discounted items for December 16-24 as part of its 24 Days of Savings. The retailer is featuring one deal each day from Sunday, December 1st and running through Christmas Eve. Current and upcoming deals include: Monday, Dec. 16th - $1 Holiday Tins & Food Storage; Tuesday, Dec. 17th - Buy 1, Get 1 FREE Pepsi or Mountain Dew 2 Liters; Wednesday, Dec. 18th - $4.50 True Living Premium Paper Towels 6 Big Rolls; Thursday, Dec. 19th - 2 for $6 TOMBSTONE Pizza 19.3 - 21.1 oz; Friday, Dec. 20th - $25 Toastmaster Stand Mixer; Saturday, Dec. 21st - $5 Klazzo Portable Handheld Vacuum; Sunday, Dec. 22nd - Buy 1, Get 1 FREE Generate Batteries; Monday, Dec. 23rd - 2 for $10 12 pack cans Dr. Pepper, Sunkist, Canada Dry, 7UP, RC Cola or A&W; Tuesday, Dec. 24th - $10 Frigidaire Mini Fridge.
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FNKO | Hot Stocks06:55 EST Funko appoints Jason Harinstein to board of directors - Funko announced that its Board of Directors appointed Jason Harinstein as an independent director to the Board, effective immediately. In connection with the appointment, the Board increased its size to nine members, further strengthening the independent voices guiding the company's strategic vision. Mr. Harinstein will also join the Company's Audit Committee. Jason Harinstein currently serves as CFO of Collectors Holdings, a provider of authentication, grading and marketplaces for the collectibles industry.
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SKE | Hot Stocks06:53 EST Skeena Resources receives approval for bulk technical sample at Eskay Creek - Skeena Resources reports progress on permitting activities for the development of the Company's 100%-owned Eskay Creek Gold-Silver Project. Walter Coles, Executive Chairman of Skeena, commented: "The receipt of the Bulk Technical Sample permit is a major milestone for the company as it grants us the necessary authorizations for all planned development activities at Eskay Creek in 2025. It is also significant because it is a key condition precedent for the release of US$200 million in gold stream project funding from Orion Resource Partners. Over the next twelve months, Skeena will continue advancing Eskay through BC's Environmental Assessment process, in close collaboration with our Tahltan First Nation partners." The British Columbia Ministry of Mining and Critical Minerals has provided approval to Skeena for the extraction of a 10,000-tonne bulk sample. The bulk sample application has been the subject of consultation with local indigenous groups and local communities. Additionally, extensive environmental baseline monitoring, engineering design, geotechnical investigation, stockpile assessment, safety and reclamation studies have been completed to support the bulk sample program. As outlined in the financing agreement with Orion Resource Partners, the receipt of the Bulk Technical Sample permit is a condition precedent for release of subsequent tranches of the $200 million gold stream funding to continue advancing development of Eskay Creek. Following the Company's initial Environmental Assessment application submission in mid-August 2024, the project has formally commenced the 180-day legislated application review process under the British Columbia Environmental Assessment Act. Skeena is currently receiving and responding to comments from the Technical Advisory Committee which includes participation from indigenous nations, including the Tahltan Nation and regulatory agencies. In June 2022, the Tahltan Nation and the Province of British Columbia entered into the first consent-based decision-making agreement under the Declaration on the Rights of Indigenous Peoples Act, which will make Eskay Creek the first mining project to have its Environmental Assessment Certificate authorized by a First Nations Government. As a result, the Environmental Assessment process for Eskay Creek is a major step forward towards sustainable mining with active participation from the Tahltan Central Government in the decision-making process. Skeena is also in the process of gathering and responding to feedback from local community members and stakeholders during the public consultation period. This includes a series of both in-person and virtual information sessions designed to encourage community participation and feedback. Input from this phase of the review process will inform the final Environmental Assessment application submission in late Q1 2025. Within Tahltan territory, engagement sessions have been held in the communities of Iskut, Dease Lake, and Telegraph Creek. Regional engagement sessions have been carried out in Terrace and Smithers. The Company has also launched a virtual information room for those who are interested but have been unable to attend the local in-person information sessions.
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NAK | Hot Stocks06:49 EST Northern Dynasty appoints Josie Hickel to board of directors - Northern Dynasty Minerals advises that Josie Hickel has become a member of Northern Dynasty's Board of Directors and has joined the Compensation and Sustainability Committees. Currently, Josie is the Owner, CEO and President of Sustainable Alaska Consulting Services - an Alaska Native woman-owned small business - providing consulting services related to development opportunities that benefit small communities and Alaska Native people throughout Alaska.
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MRK | Hot Stocks06:49 EST Merck announces approval of KEYTRUDA in China in combination with chemotherapy - Merck announced KEYTRUDA has been approved by the National Medical Products Administration in China in combination with platinum-containing chemotherapy as neoadjuvant treatment and then continued as monotherapy as adjuvant treatment after surgery for patients with resectable stage II, IIIA, or IIIB non-small cell lung cancer. In October 2023, KEYTRUDA in combination with platinum-containing chemotherapy as neoadjuvant treatment, then continued as a single agent as adjuvant treatment for patients with stage II, IIIA or IIIB NSCLC was approved in the U.S. based on results from the KEYNOTE-671 trial. KEYTRUDA plus chemotherapy in the neoadjuvant setting followed by KEYTRUDA as monotherapy after surgical resection significantly improved overall survival, reducing the risk of death by 28% in patients with NSCLC, regardless of PD-L1 expression, versus placebo plus chemotherapy in the neoadjuvant setting followed by placebo after surgical resection. For patients who received the KEYTRUDA-based regimen, median OS was not reached versus 52.4 months for patients who received the chemotherapy-placebo regimen. The KEYTRUDA-based regimen also improved event-free survival, reducing the risk of disease recurrence, progression or death by 42% compared to the chemotherapy-placebo regimen. Adverse reactions occurring in patients with resectable NSCLC receiving KEYTRUDA in combination with platinum-containing chemotherapy, given as neoadjuvant treatment and continued as single agent adjuvant treatment after surgery, were generally similar to those occurring in patients across tumor types receiving KEYTRUDA in combination with chemotherapy.
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ZDGE | Hot Stocks06:47 EST Zedge CEO anticipates 'significant improvements' in Q2 - "We anticipate significant improvements in our second quarter driven by traditional holiday seasonal strength and the resolution of key challenges from the first quarter. For the remainder of fiscal 2025, we are focused on leveraging our solid foundation to drive growth and scalability across all business units. A critical part of this strategy is the ongoing integration of generative AI into our product portfolio, enriching the user experience with cutting-edge features. Our recent beta launch of the AI Emoji Generator on Cyber Monday exemplifies this approach, enabling Emojipedia users to design custom emojis and break free from standard device keyboards. Our top priority for the Zedge Marketplace this year is to transform users from content consumers into content creators, aligning ourselves more deeply within the Creator Economy. The continued rollout of pAInt 2.0 and the planned imminent addition of AI audio capabilities underscore our commitment to innovation. Audio, in particular, represents an exciting opportunity to attract new users and deepen engagement with existing ones, further solidifying our position in this dynamic space. Beyond product advancements, our marketing team remains a critical revenue growth driver. After weathering the first quarter's challenges, we are confident in the team's ability to accelerate ROAS-attractive user acquisition, particularly in well-developed economies, while also building on our strong momentum with iOS users. This alignment of innovative products and strategic marketing positions us for continued success. Emojipedia continues to thrive, with the expansion of the 'Emoji Playground' in early December which now includes the AI-driven emoji creator. Our next priority will be redesigning and upgrading Emojipedia's website to improve engagement and reinforce its reputation as the premier destination for emoji enthusiasts worldwide. For GuruShots, our primary focus is returning to growth. To achieve this, we are allocating resources to new feature introductions and enhancements designed to better attract and engage new users, versus previously relying mainly on legacy players to fuel the game's growth. While this transition may continue negatively impacting short-term revenue, we believe we are seeing the bottom of that curve. The changes we've implemented-including an enhanced onboarding process, a coin-based in-game economy, and the launch of Missions-are already showing promising early results. Looking ahead, the imminent release of Duels during the holiday season will add an exciting competitive PvP layer to the game, driving further engagement and retention. Lastly, we remain committed to introducing new products to drive long-term growth. Projects like Wishcraft and AI Art Master, currently in beta, highlight our ability to foster innovation and agility. By centralizing our development platform, we can iterate quickly, prioritize initiatives that show promise and scale successful concepts while promptly cutting offerings that show less promise. This approach positions us to create incremental wins and breakthrough successes that will hopefully fuel Zedge's sustained growth in the years ahead and make $ZDGE a growth stock once again. In the meantime, we will continue to innovate in our offerings and take advantage of our value stock status with the $5 million share repurchase program that the board authorized," concluded CEO Jonathan Reich.
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SNWGF | Hot Stocks06:42 EST Snowline Gold congratulates Fireweed on strategic funding - SNOWLINE GOLD congratulates Fireweed Metals on securing significant Canadian and United States government funding in support of their critical minerals projects at Macmillan Pass, Yukon Territory, including funding towards regional power infrastructure and road improvements that could benefit multiple groups in the district. "We are excited about the positive impact that this infrastructure funding could have on the broader minerals district, including Snowline's flagship assets, and we commend the Fireweed team for their effort and initiative," said Scott Berdahl, CEO & Director of Snowline. "In recent years, Macmillan Pass and the surrounding Selwyn Basin have demonstrated clear potential towards becoming an important foundation of the Yukon's economic future and an important contributor of responsibly sourced metals to the North American supply chain. A shared infrastructure corridor could maximize such benefits while minimizing cumulative impacts. And while Snowline's focus remains on our gold exploration targets and our Valley deposit, our mineral claims cover geology prospective for critical minerals, particularly for zinc and tungsten. We see additional potential for critical minerals biproducts from primary gold systems on our claims." The funding announced by Fireweed comprises up to C$35.4 million total, including funding of up to C$12.9 million sourced from the Government of Canada's Critical Minerals Infrastructure Fund that will support road and power infrastructure planning along the North Canol Road corridor. The North Canol Road is a government maintained public road that runs from Ross River to Macmillan Pass, Yukon, roughly 75 km from Snowline's Valley gold deposit.
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MRRDF | Hot Stocks06:41 EST Meridian Mining UK provides drilling update for Santa Helena deposit - Meridian Mining UK provided a drilling update for the Santa Helena Cu-Au-Ag & Zn deposit. CD-612 has drilled another lateral extension, assaying 58.9m @ 3.6g/t AuEq , including a higher-grade zone of 26.8m @ 4.1g/t AuEq, in the western gold domain of the Santa Helena deposit. This result extends the localized across strike thickness of CD-605's 1 75.6m @ 4.6g/t AuEq. Drilling is continuing with further assays pending. Meridian is also announcing the securing of new licence applications, expanding the Company's footprint in the Cabacal, Jauru and Araputanga Belts. Highlights Reported: Meridian extends the western gold mineralization at Santa Helena, drilling 58.9m @ 3.6g/t AuEq ; Santa Helena assays further gold rich VMS mineralization with CD-612's 58.9m @ 2.8g/t Au, 0.7% Cu, 19.0g/t Ag & 1.7% Zn from 29.1m, widening the western gold extension; Shallowest high-grade zone assays 26.8m @ 4.1g/t AuEq from 29.1m; Ongoing lateral drill results to the west of Santa Helena extend the potential for future open pit development; CD-612 returns a down-hole 212.0 AuEq gram-metre interval within open pitable depths; Western gold domain of Santa Helena deposit remains open; and Meridian expands land position within the Cabacal, Jauru and Araputanga greenstone belts. Gilbert Clark, CEO, comments: "CD-612's 58.9m @ 3.6g/t AuEq is part of the ongoing success we are having in defining this shallow, gold-dominant western extension to the Santa Helena VMS system. These western expansion results have necessitated a revision to Santa Helena's resource estimation parameters, particularly in the localized gold rich zone, and consequently the Santa Helena Mineral Resource Estimate is now expected to be published in early January. We have recently secured potentially significant additional exploration ground to the southeast of the Cabacal belt's current limits, where we believe that the belt is covered by a younger sedimentary unit. We look forward to expanding our systematic belt-scale exploration program in the Cabacal belt in 2025."
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RCAT PLTR | Hot Stocks06:38 EST Red Cat, Palantir partner to integrate VNav software into Black Widow drones - Red Cat Holdings (RCAT) announced a strategic partnership with Palantir Technologies (PLTR) to integrate Visual Navigation software into Red Cat's Black Widow drones and to deploy Warp Speed, Palantir's manufacturing OS. This collaboration will transform autonomous sUAS operations for modern warfare by utilizing Palantir's advanced AI software running onboard the drone which references up-to-date onboard satellite imagery to provide accurate navigation entirely independent of GPS or radio control signals. The integration of Palantir's VNav software and use of Warp Speed advances Red Cat's mission to define the future of aerial intelligence and provide warfighters with critical, real-time situational awareness on the battlefield. Following Black Widow's selection for the U.S. Army's Short Range Reconnaissance Program, this partnership accelerates the ability to deploy electronic-warfare resistant sUAS without GPS. Palantir's VNav software solves the persistent problem of long-range inertial drift by comparing the drone's position against onboard up-to-date satellite imagery.
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GPUS | Hot Stocks06:37 EST Hyperscale Data sells St. Petersburg development property for $13M - Hyperscale Data announced that its wholly owned indirect subsidiary, Third Avenue Apartments, has completed the sale of its St. Petersburg development property for $13M. This sale reflects the company's ongoing commitment to reorganizing its holdings and becoming a pureplay data center business to support the growing demands of high-performance computing services powering Artificial Intelligence solutions. Approximately $11M of the funds received from the sale of the Property will be held in a segregated account bringing the balance of the segregated account to approximately $18.3M. The segregated account was established in December 2023 because of the Company's guarantee obligations. The Company is currently in discussions with the principal lender to allow for a cash dividend for the amount of the proceeds held in the segregated account to our holders of common stock and Series C convertible preferred stock on an as-converted basis.
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MRC | Hot Stocks06:35 EST MRC Global to sell Canada operations to Emco Corporation, terms not disclosed - MRC Global announced that its subsidiary, MRC Global ULC, has entered into a definitive agreement to sell its Canada operations to Emco Corporation. Rob Saltiel, MRC Global President & CEO stated, "This divestiture will reposition our strategic focus and future capital investment decisions on our core geographies and product offerings that provide the strongest growth and profit potential. The sale of our Canada business is expected to be accretive to our total company adjusted gross margins and adjusted EBITDA margins." As a result of the expected sale, a pre-tax, non-cash loss on discontinued operations of approximately $25M is expected to be recorded in the fourth quarter of 2024. The sale is anticipated to close in the first half of 2025 following customary closing conditions and required Canadian regulatory approval. The company plans to use the proceeds for reduction of debt.
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NVT | Hot Stocks06:33 EST nVent Electric raises quarterly dividend 5% to 20c per share - nVent Electric Board of Directors declared a regular quarterly cash dividend of 20c per ordinary share for the first quarter of 2025, which represents an increase of 5% over the prior quarterly dividend of 19c per ordinary share. The dividend is payable on February 7, 2025, to shareholders of record at the close of business on January 17, 2025.
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TRMB | Hot Stocks06:32 EST Trimble, GroundProbe announce new collaboration - Trimble and GroundProbe, part of Orica Digital Solutions specializing in real-time solutions for measuring and monitoring geohazards, have announced a new collaboration. Instead of working through various suppliers to gain guidance on technology solutions, this joint effort will enable geotechnical mine monitoring customers to purchase a comprehensive slope stability monitoring portfolio from a single point of contact. GroundProbe customers can now easily purchase Trimble monitoring solutions to complement GroundProbe's range of sensors and software through their GroundProbe sales contact.
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AL | Hot Stocks06:32 EST Air Lease closes $966.5M unsecured term loan facility - Air Lease Corporation announced the closing of a new $966.5M unsecured term loan facility that matures in December 2027. The proceeds of the loan will be used to finance the working capital needs of Air Lease Corporation and its subsidiaries and for general corporate purposes. Sumitomo Mitsui Trust Bank, Limited, New York Branch and Oversea-Chinese Banking Corporation Limited acted as Joint Global Coordinators. In addition to Sumitomo Mitsui Trust Bank, Limited, New York Branch and Oversea-Chinese Banking Corporation Limited, Bank of China Limited, London Branch, Bank of East Asia Limited, and Cathay United Bank, Singapore Branch acted as Mandated Lead Arrangers and Bookrunners on the transaction.
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NOV XOM | Hot Stocks06:31 EST NOV Inc. appoints Chris Kendall to board of directors - NOV (NOV) announced that Chris Kendall has been appointed to the Company's Board of Directors, effective December 15, 2024. Kendall has more than 30 years of experience in the global oil and gas industry, including as a director, President, and CEO of Denbury prior to its acquisition by Exxon Mobil Corporation (XOM) in November 2023. Kendall will serve on NOV's Audit Committee upon his appointment to the board. With the appointment of Kendall, NOV's board of directors is now composed of eleven directors, ten of whom are independent members.
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PSN | Hot Stocks06:28 EST Parsons conducts threat environment demonstration - Parsons, in collaboration with the University of Southern Mississippi, the Mississippi Air National Guard, and SeaTrac Systems, has integrated the company's Threat Representative Environment emulator onto a remotely operated SeaTrac Unmanned Surface Vehicle during maritime operations. This demonstration was conducted off the U.S. Gulf of Mexico in November and establishes a new benchmark for realistic training environments for Air Force pilots and operators. Parsons' TReX threat emulator is designed to simulate threats that military personnel may encounter during real-world missions. Utilizing advanced algorithms and real-time data, TReX creates dynamic and realistic scenarios that enable operators to develop critical skills in threat assessment, decision-making, and operational response. During the exercise, Parsons combined this high-fidelity simulation with SeaTrac's SP-48 USV, while targeting airborne systems and communicating with the command-and-control center via commercial and non-commercial communication mediums. Because SeaTrac's SP-48 is solar-powered and remotely commanded, the USV can execute missions at sea 24/7 with no harm to humans or the environment and reduces operational costs when compared to manned vessels. This novel milestone helps the U.S. Air Force train as they fight. "Employing the TReX threat emulator aboard an uncrewed maritime platform optimizes training efficacy and is a cost-effective approach for executing comprehensive training exercises," said Mike Kushin, President of Defense and Intelligence for Parsons. "This innovative solution reduces logistical, and personnel costs associated with manned missions while facilitating a high-fidelity simulation environment-ultimately elevating the United States Air Force's operational readiness."
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IDYA | Hot Stocks06:16 EST Ideaya Biosciences announces development candidate nomination of IDE251 - Ideaya Biosciences announced the development candidate nomination of IDE251, a potential first-in-class KAT6/7 dual inhibitor. Ideaya is targeting an Investigational New Drug, or IND, submission to the FDA in 2025 for IDE251, subject to satisfactory completion of ongoing preclinical and IND-enabling studies.
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CHKP | Hot Stocks06:16 EST Check Point appoints Gil Shwed as executive chairman, Nadav Zafrir as CEO - Check Point announces the transition of Gil Shwed into the role of Executive Chairman of the Board of Directors, and the appointment of Nadav Zafrir as the company's new CEO, starting December 16th. Most recently, Mr. Zafrir was the co-founder and managing partner at Team8, a company-building venture group focused on cyber security, data & AI, fintech, and digital health.
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CLNFF | Hot Stocks06:14 EST Calian US appoints Tony Rayner as COO - Calian US announced the appointment of Tony Rayner as COO and Paul Attner as Senior Vice President of U.S. Government Services. Both appointments expand Calian US's senior management team and report to Leeana Smith-Ryland, President of Calian US. Rayner brings over two decades of experience as former COO and member of the board of directors of Eutelsat America Corp. Most recently, Attner was the Senior Vice President of Sales with Eutelsat America Corp., where he oversaw sales, marketing and business development, working directly with the U.S. government, energy, enterprise and broadcast industry segments.
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HON | Hot Stocks06:14 EST Elliott issues statement on ongoing Honeywell review - Elliott Investment Management released the following statement attributed to Partner Marc Steinberg and Managing Partner Jesse Cohn regarding Honeywell. "Elliott welcomes Honeywell's announcement today of its ongoing review of strategic alternatives, including the separation of its Aerospace business. We believe the portfolio transformation Vimal and his team are leading represents the right course for Honeywell, and we look forward to the upcoming completion of the review and to supporting Honeywell as it implements the necessary steps to realize its full value."
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SHYF | Hot Stocks06:13 EST Shyft Group, Aebi Schmidt to combine in an all-stock merger - Shyft Group and Aebi Schmidt announced a definitive agreement to combine in an all-stock merger to create a specialty vehicles company. Under the terms of the agreement, each outstanding share of Shyft common stock will be exchanged for 1.04 shares of the combined company's common stock. At closing, Shyft shareholders will own 48% of the combined company, with Aebi Schmidt shareholders owning 52%. The transaction, which is structured to be tax-free to Shyft shareholders, has been unanimously approved by the members of the board of directors present of each company. The merger will combine Aebi Schmidt's specialty vehicle products and services with Shyft's manufacturing, assembly, and upfit for the commercial, retail, and service specialty vehicle markets to create a full-suite of offerings for both companies' customers. The combined company will benefit from a scaled platform in the North American market, complemented by a European presence, and an financial profile to support profitable growth. Together, Shyft and Aebi Schmidt expect to generate $20M to $25M of annual run-rate cost synergies driven by cost optimization and operational efficiency gains across a stronger distribution platform and approximately $5M in additional adjusted EBITDA opportunity from near-term revenue synergies from cross-selling and geographic expansion. These synergies are expected to be realized by the second year following the close of the transaction, resulting in double-digit EBITDA margins of the combined organization. The combined company will have pro forma 2024 estimated revenue of $1.95B and adjusted EBITDA of $200M+, including synergies. Pro forma net debt will be approximately $485M as of September 30. The transaction is expected to be accretive to EPS and generate Return on Invested Capital above Weighted Average Cost of Capital by the first and third years following the close of the transaction, respectively, creating a highly attractive opportunity for the shareholders of the combined company. The combined company will be positioned to drive additional long-term upside through the acceleration of its growth strategy focused on organic investments, portfolio opportunities, and future M&A opportunities. Barend Fruithof, CEO of Aebi Schmidt, will serve as CEO of the combined company and be based in the US. James Sharman, chairman of Shyft, will serve as the chairman of the board of directors. John Dunn, Shyft CEO, will remain with the company following the close of the transaction to support an integration. Additional leadership will draw on the highly experienced teams of both companies. The board of directors will consist of 11 directors, with five directors nominated by Shyft and six directors nominated by Aebi Schmidt. Seven of these directors will be independent. Aebi Schmidt majority shareholder Peter Spuhler, an entrepreneurial Swiss-based investor, will own approximately 35% of the combined company upon completion of the transaction. Upon completion of the transaction, the combined company will trade on Nasdaq. The company will be a Swiss-domiciled stock corporation, headquartered in Switzerland, with a strong presence and significant footprint in the U.S. The transaction is expected to close by mid-2025, subject to the satisfaction of customary closing conditions, including receipt of customary regulatory approvals and approval by Shyft shareholders. Shyft and Aebi Schmidt have secured fully-committed financing of the combined company at closing.
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MNKD | Hot Stocks06:13 EST MannKind reports six-month results from Phase 3 INHALE-1 trial - MannKind announced six-month results from its Phase 3 INHALE-1 study of Afrezza Inhalation Powder in children and adolescents. MannKind expects to submit a request for a supplemental new drug application meeting with the U.S. Food and Drug Administration in 1H 2025 to discuss the data and filing timeline. The INHALE-1 study is a 26-week, open-label clinical trial that randomized 230 subjects to one of two groups: Afrezza or multiple daily injections of rapid acting insulin analog in combination with basal insulin. The primary endpoint was a non-inferior change in HbA1c levels after 26 weeks. A 26-week extension phase in which all remaining MDI patients switched to Afrezza is still ongoing. An analysis of the full intent-to-treat population found that the between-group difference in mean HbA1c change over 26 weeks exceeded the prespecified non-inferiority margin of 0.4%, largely driven by the variability of a single patient who did not adhere to the study protocol. A modified ITT analysis, which excluded this subject, did not exceed the predetermined threshold of 0.4%, thereby establishing the non-inferiority of Afrezza to MDI, which was the primary endpoint of the study. Over 26 weeks of treatment, no difference in lung function parameters were seen between the treatment groups. The Afrezza-treated patients had a mean FEV1 of 2.901 liters at baseline and 2.934 liters at 26 weeks. MDI-treated patients had corresponding mean FEV1 values of 2.948 liters and 2.957 liters, respectively. Additional safety findings, including for hypoglycemia, did not show any significant concerns or differences between the treatment groups.
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SNVVF | Hot Stocks06:09 EST Step Energy says proxy advisors recommend shareholders vote for ARC arrangement - STEP Energy Services announced that independent proxy advisors, Institutional Shareholder Services and Glass Lewis & Co. have issued recommendations that shareholders of STEP vote FOR the previously announced plan of arrangement with 2659160 Alberta and the limited partnerships comprising ARC Energy Fund 8. Under the terms of the Arrangement, STEP Shareholders will receive $5.00 in cash for each share of STEP owned, a premium of approximately 40.4% to the closing price of the STEP Shares of $3.56 on the Toronto Stock Exchange on November 1, 2024, being the last trading day prior to the execution of the arrangement agreement dated November 3, 2024. In issuing its endorsement of the Arrangement to clients, ISS highlighted the "significant premium", the fact the special committee of the STEP board of directors was able to negotiate an increase in the consideration from the original offer, and that the "valuation appears credible, and the offer represents the Company's highest trading price since Feb. 1, 2023 (and is above the midpoint of the [discounted cash flow] analysis)". Glass Lewis' analysis of the transaction focused on the arm's length negotiation process undertaken by the Special Committee that yielded multiple offers from ARC and which considered the Company's standalone prospects, and found the Arrangement to be in the interests of STEP and STEP Shareholders.
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MRT | Hot Stocks06:06 EST Marti Technologies says ride-hailing service reaches 1.61M riders - Marti Technologies announced that as of December 15, 2024, Marti's ride-hailing service has reached 1.61 million riders and 255 thousand registered drivers, exceeding the December 31, 2024 targets of 1.60 million riders and 245 thousand registered drivers. Marti's number of ride-hailing riders grew 15% from September 30, 2024 to December 15, 2024. The number of registered drivers grew 14% during the same time period. The fast growth in both the rider and driver sides of Marti's ride-hailing marketplace demonstrates the strong need for the service across Turkiye. The service intends to provide readily available, safe, and affordable rides for riders, while providing economic opportunities for drivers across the income spectrum.Encouraged by the growth in the rider and driver bases of its ride-hailing business, Marti has set targets for 1.90 million riders and 290 thousand registered drivers by March 31, 2025. Of Marti's 255 thousand registered drivers, 203 thousand are in Turkiye's largest city, Istanbul. This is in contrast to 20 thousand taxis serving the city. With 10 times as many registered drivers as taxis serving the city of Istanbul, Marti is able to offer widespread availability across the city. Furthermore, Marti's drivers undergo formal background checks before acceptance onto the service, thereby contributing to rider safety. The average rating of Marti's ride-hailing drivers by riders is 4.8 out of 5 stars.
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HON | Hot Stocks06:05 EST Honeywell continues to explore strategic alternatives - Honeywell announced that its board of directors continues the business portfolio evaluation launched earlier this year by chairman and CEO Vimal Kapur to explore additional strategic alternatives, including the potential separation of its Aerospace business. Honeywell plans to provide an update with its fourth quarter 2024 earnings release. Since December 2023, Honeywell has announced a number of strategic actions to simplify its portfolio following the realignment of its business segments.
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EWTX | Hot Stocks06:04 EST Edgewise reports CANYON Phase 2 trial of sevasemten meets primary endpoint - Edgewise Therapeutics announced topline results from the Phase 2 CANYON trial of sevasemten in individuals with Becker muscular dystrophy. Sevasemten is an orally administered first-in-class fast skeletal myosin inhibitor designed to protect muscle against contraction-induced damage in muscular dystrophies. The trial met its primary endpoint of change from baseline in CK. CANYON is the largest interventional trial to date in Becker and the first to achieve its primary endpoint. NSAA, the key secondary endpoint of function, showed a trend towards improvement over time in the sevasemten-treated group. Plasma fast skeletal muscle troponin I, a target-specific biomarker of fast skeletal muscle damage, showed a significant reduction, compared to placebo. Additional functional measures, including the 10-meter walk/run, 4-stair climb and 100-meter timed test, showed trends towards improvement compared to placebo. Notably, the treatment population had more advanced disease than placebo. Sevasemten was well-tolerated, and no new safety concerns were observed in either the adult or adolescent patient populations. Ninety-nine percent of eligible participants from CANYON and other sevasemten trials in Becker have enrolled in MESA, the ongoing open label extension trial. The Company is on track to complete recruitment in the GRAND CANYON cohort by the first quarter of 2025. Based on these positive Phase 2 results, the Company plans to engage the U.S. Food and Drug Administration and European Medicines Agency about marketing authorization filing strategies for sevasemten in Becker. The Company intends to submit the complete results of the CANYON study for publication at a future medical congress. CANYON, the largest interventional Becker trial, is a Phase 2, double-blind, randomized, placebo-controlled study to investigate the effect of sevasemten on the safety, pharmacokinetics, biomarkers, and functional measures of participants. The trial was not powered for the functional endpoints. Forty adults and 29 adolescents with Becker muscular dystrophy were enrolled. This study had a 4-week screening period, a 12-month treatment period, followed by a 4-week follow-up period. The adult participants were randomized to sevasemten or placebo in a 3:1 ratio. The adolescent participants were randomized in a 2:1 ratio to sevasemten or placebo and were assessed for safety and tolerability. The data analysis included the complete adult safety population of 40 individuals. There was a notable imbalance between adult participants in the sevasemten and placebo groups with the sevasemten group having more advanced disease at baseline based on all functional measures and MRI. Primary Endpoint: The primary endpoint to assess the efficacy of sevasemten compared to placebo was change from baseline in CK over the treatment period for adults. The results demonstrated a significant change from baseline in CK in the sevasemten-treated group. Key Secondary Endpoint: The key secondary endpoint was the change from baseline in NSAA total score in adults at month 12. NSAA is a scale commonly used to rate motor function. The between-group difference was 1.1 points, favoring sevasemten; p=0.16 across all adult participants. NSAA remained stable over time in the sevasemten treatment group, similar to the observations in the ARCH study. Further, while the placebo group was small in number, NSAA declined similarly to that observed in previous natural history studies. Other Secondary Endpoints: Plasma TNNI2 decreased 77% from baseline in the sevasemten-treated group compared to placebo, averaged over months 6 through 12 in adults; pless than0.001. The 10-meter walk/run, 4-stair climb and 100-meter timed test showed trends towards improvement, compared to placebo. The Company continues to evaluate additional secondary and exploratory endpoints. Safety and Tolerability: Sevasemten was well-tolerated, and no new safety concerns were identified.
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DJT | Hot Stocks05:39 EST Trump names Truth Social CEO to lead President's Intelligence Advisory Board - President-elect Donald Trump appointed Truth Social CEO Devin Nunes to lead the President's Intelligence Advisory Board, which oversees the US intelligence community. In a post, Trump said: "I am pleased to announce that I will appoint Truth Social CEO Devin Nunes as Chairman of the President's Intelligence Advisory Board, which consists of distinguished citizens from outside of the Federal Government. While continuing his leadership of Trump Media & Technology Group, Devin will draw on his experience as former Chairman of the House Intelligence Committee, and his key role in exposing the Russia, Russia, Russia Hoax, to provide me with independent assessments of the effectiveness and propriety of the U.S. Intelligence Community's activities. Congratulations Devin!" Reference Link
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SVA | Hot Stocks05:32 EST Sinovac Biotech initiates clinical trial on a HFMD vaccine candidate - Sinovac Biotech kicked off the enrollment for a Phase III clinical trial on a vaccine candidate to prevent HFMD caused by both Enterovirus 71 and Coxsackievirus 16. Notably, no multivalent vaccines against HFMD have yet been approved for marketing worldwide. The Phase III clinical trial is designed to be a multicenter, randomized, double-blind, controlled trial to evaluate the efficacy, safety and immunogenicity of this vaccine candidate in infants and young children aged 6 to 71 months. Sinovac has initiated a phase I/II clinical trial on its bivalent vaccine in China since September 2023. The results from Phase I/II clinical trial demonstrated that the vaccine candidate has favorable safety and immunogenicity.
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BWLP | Hot Stocks05:28 EST BW LPG takes delivery of vessel, issues shares to Avance Gas - BW LPG has taken delivery of vessel BW Breeze on December 15. Ten of the 12 VLGCs are now delivered. BW LPG has issued 1,350,000 new BW LPG shares to Avance Gas as part-consideration for the above vessel. Following the issuance of the new shares, the total number of issued shares of BW LPG is 155,791,000, representing a total share capital in the amount of $559,647,298. The new shares have been legally and validly issued and are fully paid.
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AKTS QRVO | Hot Stocks05:25 EST Akoustis to pursue sale through chapter 11 process - Akoustis (AKTS) announced that it has voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to provide the company with the flexibility to complete its ongoing marketing and sale process while continuing to deliver for its valued customers around the world. The voluntary chapter 11 filing follows the company's recent legal case with Qorvo (QRVO), in which Akoustis was ordered to pay a total judgement of approximately $59M in damages, fees, and interest related to allegations of trade secret misappropriation and patent infringement. To anchor the sale process, Akoustis has entered into a stalking horse asset purchase agreement with Gordon Brothers Commercial & Industrial for the purchase of certain of the company's assets. Prior to the commencement of its chapter 11 cases, the company engaged in discussions with interested parties regarding the company's continued operations through a potential sale of all or part of the company's businesses and assets. In response to such interest, the company intends to use the court-supervised sale process to seek the highest or otherwise best bid for its assets. The company seeks to execute an organized sale process with sufficient time to obtain going concern qualified bids. Importantly, Akoustis continues to manage its operations with sufficient liquidity to continue to operate in the ordinary course of business during the court-supervised sale process. To ensure the continued operation of its business without interruption, Akoustis has filed customary "first day" motions in its chapter 11 cases. These motions, upon approval, will help facilitate the continued payment of employee wages and benefits, enable payments to critical vendors and other relief measures standard in these circumstances.
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PRTC | Hot Stocks05:21 EST PureTech Health announces ELEVATE IPF trial achieves primary endpoint - PureTech Health announced results from ELEVATE IPF, a Phase 2b randomized, double-blind, active- and placebo-controlled, dose-ranging trial evaluating deupirfenidone at two dose levels three times a day over 26 weeks in patients with idiopathic pulmonary fibrosis. Participants in the trial were randomized 1:1:1:1 to receive deupirfenidone 550 mg, deupirfenidone 825 mg, pirfenidone 801 mg, or placebo TID for 26 weeks, and had the option to enroll in an ongoing, open-label extension study. The two doses of deupirfenidone were chosen based on PureTech's Phase 1 data, which showed that a 550 mg TID dose of deupirfenidone provided approximately equivalent drug exposure to pirfenidone, 801 mg TID. The trial achieved its primary endpoint based on the prespecified Bayesian analysis, with a 98.5% posterior probability. This means there is a 98.5% probability that the pooled deupirfenidone arms were superior to placebo in slowing the rate of lung function decline in people with IPF, as measured by forced vital capacity, or FVC, at 26 weeks. The trial also successfully demonstrated a dose-dependent response. The rate of FVC decline at week 26 with: deupirfenidone 825 mg TID compared to placebo was statistically significant and represents a robust treatment effect of 80.9% as a monotherapy; for context, the level of six-month natural decline in lung function as measured by FVC expected in healthy adults over 60 years old is approximately -15.0 mL to -25.0 mL. pirfenidone 801 mg TID showed a treatment effect of 54.1% compared to placebo, which is consistent with previously reported pirfenidone clinical trial data. The trial also achieved its key secondary endpoint based on a prespecified Bayesian analysis, with a posterior probability of 99.6%. This means that there is a 99.6% probability that the pooled deupirfenidone arms were superior to placebo in slowing the rate of lung function decline in people with IPF, as measured by the forced vital capacity percent predicted from baseline to week 26. While FVCpp and FVC are both measures of lung function, FVCpp accounts for key patient characteristics and therefore normalizes the results at the patient level. Deupirfenidone 825 mg TID also demonstrated a benefit on this endpoint compared to placebo that was statistically significant reinforcing the robustness of the treatment's impact. Both doses of deupirfenidone were generally well-tolerated in the trial. The overall number of patients experiencing any gastrointestinal, or GI-related adverse events was similar across the deupirfenidone 825 mg TID and pirfenidone 801 mg TID arms. Deupirfenidone 825 mg TID demonstrated a favorable tolerability profile compared to pirfenidone 801 mg TID, with a lower percentage of patients reporting key GI AEs that occurred in greater than or equal to 5% of participants in at least one arm: nausea, dyspepsia, diarrhea, constipation and vomiting. The only key GI AE increase observed was abdominal pain. There were five deaths in the pirfenidone arm, two deaths in the placebo arm and one death in each of the deupirfenidone arms. None of the deaths was deemed to be treatment related. Overall, 187 out of 257 patients completed the trial: 43 out of 63 patients in the pirfenidone 801 mg TID arm; 42 out of 65 patients in the deupirfenidone 550 mg TID arm; 50 out of 64 patients in the deupirfenidone 825 mg TID arm; and 52 of 65 patients in the placebo arm. Of those who completed the trial, 170 patients opted to enroll in an ongoing open-label extension evaluating the two doses of deupirfenidone. To date, preliminary data support a durable treatment effect and a consistent tolerability profile with deupirfenidone 825 mg. Across the randomized trial and OLE, the longest treatment duration with deupirfenidone 825 mg TID is 79 weeks and with deupirfenidone 550 mg TID is 81 weeks. PureTech is committed to continuing development of deupirfenidone and intends to discuss the Phase 2b results with regulatory authorities to align on the appropriate path forward. Additional data from this trial will be presented at a future forum.
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NOK | Hot Stocks05:12 EST Nokia signs four-year deal with EOLO - Nokia announced it has signed a four-year deal with EOLO, the first B Corp in the Italian telecommunications sector to deploy the first 5G standalone mmWave Radio Access Network in Europe. Nokia will supply equipment from its 5G AirScale portfolio including Nokia's AirScale baseband solutions, Massive MIMO radios, and Remote Radio Head products.
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AVIR | Hot Stocks05:09 EST Atea Pharmaceuticals retains financial advisor to explore partnerships - Atea Pharmaceuticals announced that it has engaged Evercore to identify potential opportunities to enhance shareholder value, including the exploration of strategic partnerships related to its Phase 3-ready program for the treatment of hepatitis C virus, or HCV. The company has not set a timetable for the conclusion of its review and has not made any decisions at this time. The company does not intend to comment further with respect to this review unless or until its board of directors has approved a definitive course of action, the review process has concluded, or it is determined that other disclosure is appropriate. There is no assurance that this process will result in the completion of any specific transaction or outcome.
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PRZO | Hot Stocks05:07 EST ParaZero receives noncompliance notification from Nasdaq - ParaZero announced that it has received a written notice from Nasdaq informing the company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550. ParaZero is now in compliance with all applicable listing standards and its ordinary shares will continue to be listed and traded on the Nasdaq Capital Market.
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XPRO | Hot Stocks05:05 EST Expro awarded $10M contract for well decommissioning solution - Expro has been awarded a contract valued at over $10M for the provision of a well decommissioning solution. The solution combines subsea safety systems and surface processing design to enable both safe entry to the well and effective management of well fluids. From its global support hub in Aberdeen, Expro will provide a surface fluid management package and its 7-3/8" large-bore subsea test tree assembly with surface tree and controls, providing dual barrier and disconnect capability to facilitate re-entry into the subsea wells.
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