Stockwinners Market Radar for December 27, 2021 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TDOC... | Hot Stocks20:13 EST Cathie Wood's ARK Investment sold 56.3K shares of Tesla on Monday - Among the sales, ARK Investment also sold 46.5K shares of CoinBase (COIN), 54.0K shares of Roku (ROKU), 184.9K shares of Twitter (TWTR), and 121.1K shares of Teladoc (TDOC), stating: "All transaction activity today was for purposes of raising cash for the 2021 annual ETF distribution. This cash raise activity has been completed."
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UFPI | Hot Stocks17:49 EST UFP Industries acquires Deckorators for $25M - UFP Industries announced that its subsidiary, Deckorators, Inc, has acquired Ultra Aluminum Manufacturing for $25M. The transaction includes $2M to be paid if certain future performance goals are met.
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FTK | Hot Stocks17:47 EST Flotek gets unsolicited indication of interest - Flotek Industries announced that it "has received an unsolicited indication of interest for a potential transaction for all or part of the Company. To assist in evaluating this unsolicited indication of interest, Flotek's Board of Directors has engaged Piper Sandler & Co. as a financial advisor to assist with the evaluation process. The Company has not set a timetable for the conclusion of its evaluation of the offer."
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VINC | Hot Stocks17:24 EST Vincerx Pharma CFO buys $25K, Chief Business Officer buys $30K in common stock - In regulatory filings, Vincerx Pharma disclosed that its CFO Alexander Seelenberger and Chief Business Officer Sooin Hwang bought $25K and $30K in common stock on December 23rd respectively. Shares of Vincerx Pharma are up 4.3% above 10 per share in after-hours trading.
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TZOO | Hot Stocks16:34 EST Travelzoo officer Bartel sells $313K in company shares - Officer of Travelzoo Holger Bartel disclosed in a filing that he had sold 30,668 shares of company stock at $10.20 per share on December 23, for a total transaction amount of $312,814.
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RRD | Hot Stocks16:27 EST R.R. Donnelley discloses 'intrusion in technical environment' - In a regulatory 8-K filing, R.R. Donnelley states: "On December 27, 2021, R. R. Donnelley & Sons Company, announced it had recently identified a systems intrusion in its technical environment. The company promptly implemented a series of containment measures to address this situation, including activating its incident response protocols, shutting down its servers and systems and commencing a forensic investigation. The company has engaged a cybersecurity expert to examine the incident and to oversee the implementation of appropriate remedial actions. The company has notified and is working with appropriate law enforcement authorities. As a precautionary measure, the company has isolated a portion of its technical environment in an effort to contain the intrusion. The company is actively engaged in restoring the affected systems and returning to normal levels of operations. At this time, the company is not aware of any compromise of client data. The company is in the early stages of its investigation and assessment of the security event and cannot determine at this time the extent of the material adverse impact, if any, from such event on its business, results of operations or financial condition."
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ASPN BASFY | Hot Stocks16:23 EST Aspen Aerogels, BASF terminate supply arrangement - In a regulatory filing, Aspen Aerogels (ASPN) disclosed that on December 20, the company entered into the First Amendment to the Amended and Restated Supply Agreement and Termination of the Side Agreement with BASF Polyurethanes GmbH and BASF SE. The First Amendment terminates the supply arrangement between the company and BASF pursuant to which the company supplies certain aerogel products to BASF. Pursuant to the First Amendment, effective December 15, BASF no longer sells aerogel products covered under the supply arrangement with the company and the company retains all rights to sell the products. The company's obligations to repay any uncredited prepayment balances pursuant to the amended and restated supply agreement, dated February 16, 2018, by and between the company and BASF SE will remain outstanding and subject to repayment pursuant to the terms of the supply agreement, as amended. In connection with the First Amendment, effective as of the effective date, the company and BASF mutually terminated the side agreement that provided, among other things, the pricing arrangement governing the supply agreement, the filing stated.
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FTAI | Hot Stocks16:21 EST FTAI Aviation closes of 1st 9 of 19 aircraft in sale/leaseback with Avianca - FTAI Aviation, a wholly owned subsidiary of Fortress Transportation and Infrastructure Investors announces the closing of the first 9 of 19 aircraft under a sale and leaseback transaction with Aerovias del Continente Americano S.A. Avianca . The remaining aircraft are expected to close subject to customary closing requirements by the end of February 2022. "We are excited to partner with Avianca once again," said Joe Adams, FTAI's Chairman and Chief Executive Officer. "Our differentiated approach to aircraft leasing provides Avianca with a lower total cost of ownership." "FTAI has become one of our most trusted partners," said Francisco Raddatz, Vice President of Fleet at Avianca. "FTAI's unique and flexible strategy is essential to our new business model."
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KKR | Hot Stocks16:20 EST KKR increases available amount under repurchase program to $500M - In a regulatory filing, KKR & Co. disclosed that it has increased the available amount under its repurchase program to $500M. "Under its repurchase program, shares of common stock of KKR & Co. Inc. may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing, manner, price and amount of any repurchases will be determined by KKR in its discretion and will depend on a variety of factors, including legal requirements, price and economic and market conditions... KKR expects that the program, which has no expiration date, will be in effect until the maximum approved dollar amount has been used. The program does not require KKR to repurchase or retire any specific number of shares of common stock or equity awards, respectively, and the program may be suspended, extended, modified or discontinued at any time," the filing noted.
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IMKTA | Hot Stocks16:16 EST Ingles Markets CFO Ronald Freeman to retire - Ingles Markets announced that its vice president-finance and CFO Ronald Freeman is retiring effective February 16, 2022. As a result, Mr. Freeman will not be standing for reelection to the company's board of directors.
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MDLZ | Hot Stocks16:15 EST Mondelez director Reynolds sells $5.7M in company shares - Mondelez director Fredric Reynolds disclosed in a filing that he had sold 90,000 shares of company stock at $63.29 per share on December 14, for a total transaction amount of $5,696,415.
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HHLA | Hot Stocks16:12 EST D.E. Shaw reports 5.6% passive stake in HH&L Acquisition - D.E. Shaw disclosed a 5.6% stake in HH&L Acquisition, which represents over 2.31M shares. The filing does not allow for activism.
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AVGO | Hot Stocks16:08 EST Broadcom COO Kawwas sells almost $1.3M in company shares - Broadcom COO Charlie Kawwas disclosed in a filing that he had sold 2,000 shares of company stock at $645.53 per share on December 22 for a total transaction amount of $1,291,066.
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CNXC | Hot Stocks16:08 EST Concentrix announces closing of acquisition of PK - Concentrix announced that it has closed its recently announced acquisition of PK and said "the integration process is underway." The company added: "This transaction marks Concentrix' first acquisition since becoming a publicly traded company. PK is a leading global CX digital design and engineering firm with over 5,000 staff across 20 cities in four countries. PK has been recognized and awarded worldwide for designing and engineering digital experiences at scale. The acquisition supports Concentrix' strategy of investing in digital transformation to deliver exceptional customer experiences and will further the company's ability to scale digital capabilities faster while building excellence in key high growth areas of CX Design & Development, AI, Intelligent Automation and Customer Loyalty."
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MIDD | Hot Stocks16:04 EST Middleby completes acquisitions of Kamado Joe, Masterbuilt and Char-Griller - The Middleby Corporation announced that it has finalized the previously announced acquisition of Masterbuilt Holdings, LLC and their residential outdoor brands Kamado Joe and Masterbuilt. Middleby also has completed the acquisition of Char-Griller, which it calls "a leader in residential outdoor charcoal and gas cooking products based in Atlanta." Char-Griller has revenues of approximately $150M in 2021, the company noted. "We continue to make strategic acquisitions that strengthen our three industry leading foodservice platforms. Char-Griller further adds to our product offerings for the outdoor market and the growing number of backyard cooking enthusiasts. With complementary customers and channels of distribution, Char-Griller provides Middleby Residential with added growth opportunities. There are meaningful synergies to leverage supply chain, manufacturing, product development and distribution capabilities. The addition of Kamado Joe, Masterbuilt and Char-Griller outdoor cooking brands expand the revenues of our Middleby Residential platform to more than $1 billion," said Tim FitzGerald, Middleby CEO.
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ZM | Hot Stocks14:48 EST Zoom buys video production assets of event production solutions firm Liminal - Chief Marketing Officer of Zoom Janine Pelosi blogged in part, earlier on Monday:: "With virtual and hybrid events here to stay, users will need best-in-class tools to professionally produce their programs and performances online from anywhere in the world. As part of our ongoing efforts to offer these solutions, we are pleased to announce that we recently acquired certain assets from Liminal, a startup company that offers event production solutions built largely on Zoom's SDK. Two of Liminal's co-founders, Andy Caluccio and Jonathan Kokotajlo, will also join Zoom. Liminal's solutions, including their ZoomOSC and ZoomISO apps, will help bridge Zoom with traditional and emerging event control applications and hardware to help theaters, broadcast studios, and other creative organizations address complex technical production needs, and collaborate and create online effectively. Amongst other things, Liminal's software can connect multiple HD video feeds from Zoom to production-grade hardware and applications. By adding these capabilities and more to our events management and production offerings, we believe we will continue to be the leading comprehensive, one-stop, hybrid events management platform in the market. We will cover the entire value chain from creative production, broadcasting, editing, and fully customizable live event experiences with robust pre-event planning, in-event management, and post-event analytics. We continue to work tirelessly to expand our platform and capabilities to cater to a broader range of needs when planning, producing and managing events of all types, including virtual and hybrid events. With these exciting developments, and many more to come, we're confident that Zoom is well positioned to provide more dynamic and customizable event offerings solutions to our users." Reference Link
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IS | Hot Stocks12:00 EST ironSource falls -8.5% - ironSource is down -8.5%, or -69c to $7.50.
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BBAI | Hot Stocks12:00 EST BigBear.ai falls -8.8% - BigBear.ai is down -8.8%, or -60c to $6.25.
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AZRE | Hot Stocks12:00 EST Azure Power falls -8.9% - Azure Power is down -8.9%, or -$1.65 to $16.92.
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SG | Hot Stocks12:00 EST Sweetgreen rises 10.0% - Sweetgreen is up 10.0%, or $3.14 to $34.50.
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CNF | Hot Stocks12:00 EST CNFinance rises 18.5% - CNFinance is up 18.5%, or 55c to $3.54.
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ZME | Hot Stocks12:00 EST Zhangmen Education rises 18.7% - Zhangmen Education is up 18.7%, or $1.13 to $7.18.
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VUZI VZ | Hot Stocks10:18 EST Vuzix enters agreement with Verizon to leverage 5G, edge computing - Vuzix Corporation announced that the Company has entered into an agreement with Verizon to leverage the power of Verizon's 5G and edge computing technologies to deliver an augmented reality experience for sports and gaming. The agreement between Vuzix and Verizon will focus on the technology advancement and commercialization aspects of delivering immersive augmented reality training experiences powered by Verizon's 5G Ultra Wideband service and edge compute platform and Vuzix Shield smart glasses.
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ZME | Hot Stocks10:12 EST Zhangmen Education Inc (Class A ADS) trading resumes
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ZME | Hot Stocks10:06 EST Zhangmen Education Inc (Class A ADS) trading halted, volatility trading pause
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CEI | Hot Stocks10:05 EST Camber Energy announces $25M loan agreement - Earlier, Camber Energy announced that on December 24 it entered into a loan agreement pursuant to which the lender, subject to certain conditions, irrevocably agreed to loan the company $25M on December 31. Features of the loan include a maturity date of January 1, 2027 and an interest rate of the Wall Street Journal Prime Rate, with interest payable at maturity. James Doris, President and CEO of Camber, commented, "I believe the financing terms are the most favorable terms the company has been able to negotiate in its history."
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HLG | Hot Stocks10:02 EST Hailiang Education Group trading resumes
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CEI | Hot Stocks10:01 EST Camber Energy announces it has entered a $25M Loan Agreement - Camber Energy announces that on December 24, 2021, it entered into a Loan Agreement pursuant to which the lender, subject to certain conditions, irrevocably agreed to loan the Company $25M on December 31, 2021. Features of the Loan include: Maturity Date: January 1, 2027. Interest Rate: Wall Street Journal Prime Rate, with interest payable at maturity. James Doris, President and CEO of Camber, commented, "I believe the financing terms are the most favorable terms the company has been able to negotiate in its history."
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NVTA | Hot Stocks10:00 EST Invitae falls -6.4% - Invitae is down -6.4%, or -$1.07 to $15.54.
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IS | Hot Stocks10:00 EST ironSource falls -6.6% - ironSource is down -6.6%, or -54c to $7.66.
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BRDS | Hot Stocks10:00 EST Bird Global falls -7.1% - Bird Global is down -7.1%, or -52c to $6.78.
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MP | Hot Stocks10:00 EST MP Materials rises 6.6% - MP Materials is up 6.6%, or $2.85 to $45.97.
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ZME | Hot Stocks10:00 EST Zhangmen Education rises 8.2% - Zhangmen Education is up 8.2%, or 50c to $6.55.
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CNF | Hot Stocks10:00 EST CNFinance rises 10.7% - CNFinance is up 10.7%, or 32c to $3.31.
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HLG | Hot Stocks09:52 EST Hailiang Education Group trading halted, volatility trading pause
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HYPR | Hot Stocks09:50 EST HealthCor Catalio Acquisition Corp trading resumes
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CCL | Hot Stocks09:47 EST Carnival falls -5.0% - Carnival is down -5.0%, or -$1.05 to $20.15.
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MCW | Hot Stocks09:47 EST Mister Car Wash falls -5.9% - Mister Car Wash is down -5.9%, or -$1.09 to $17.45.
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GHLD | Hot Stocks09:47 EST Guild Holdings falls -6.4% - Guild Holdings is down -6.4%, or -91c to $13.20.
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GDDY | Hot Stocks09:47 EST GoDaddy rises 7.2% - GoDaddy is up 7.2%, or $5.46 to $81.46.
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CNF | Hot Stocks09:47 EST CNFinance rises 7.7% - CNFinance is up 7.7%, or 23c to $3.22.
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CTV | Hot Stocks09:47 EST Innovid rises 8.5% - Innovid is up 8.5%, or 59c to $7.57.
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TOI | Hot Stocks09:46 EST Oncology Institute Inc trading resumes
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TOI | Hot Stocks09:41 EST Oncology Institute Inc trading halted, volatility trading pause
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HYPR | Hot Stocks09:40 EST HealthCor Catalio Acquisition Corp trading halted, volatility trading pause
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CGTX | Hot Stocks09:36 EST Cognition Therapeutics Inc trading resumes
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CGTX | Hot Stocks09:31 EST Cognition Therapeutics Inc trading halted, volatility trading pause
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SNII RGTI | Hot Stocks09:29 EST Rigetti, Supernova announce additional $45M PIPE investment - Rigetti Computing (RGTI) and Supernova Partners Acquisition (SNII), a publicly traded special purpose acquisition company, announced $45M in additional commitments for a private placement of Supernova II common stock in connection with their proposed business combination. The commitments include a new investment from Lansdowne Partners LLP and from an existing PIPE investor.
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MRNA | Hot Stocks09:27 EST Moderna announces Swiss government exercises option for 7M more booster doses - Moderna announced that the Swiss Federal Government has exercised its option to purchase an additional 7M doses of Moderna's booster vaccine for delivery in the second half of 2022. These doses are in addition to the initial seven million doses of booster vaccine the Swiss Federal Government agreed to purchase for delivery in 2022 and brings Switzerland's order commitment to a total of 27.5M doses.
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SRNE | Hot Stocks09:21 EST Sorrento Therapeutics says COVISTIX test detects omicron variant - Sorrento announced that initial testing of COVISTIX on recombinant N proteins demonstrated its ability to detect the Omicron variant, in addition to detecting the original SARS-CoV-2 virus and its other major VoCs such as the delta and delta-plus strains. The COVISTIX detection levels were similar for all variants. The ease of use and timely detection of Omicron infection was demonstrated by a recent case report of a Mexico patient infected with the Omicron variant detected first with COVISTIX in about 15-minutes test time. This result was confirmed a day later by RT-PCR and sequence verified a few days later to be Omicron infection. In a laboratory setting, Sorrento has also studied the ability of COVISTIX to detect the Omicron variant compared to other Emergency Use Authorization approved, commercially available COVID-19 virus rapid antigen tests. Initial lab results demonstrate that COVISTIX was able to detect the Omicron N protein at a significantly lower level than other commercially available tests. With a difficulty to detect the Omicron N protein at low levels, some of the EUA-approved and marketed rapid tests may have a tough time detecting the Omicron infection at a reasonable sensitivity. False negative readings for infected asymptomatic patients could lead to a false sense of security and the inability to control outbreaks and achieve normal social and business routines. Sorrento currently has the capacity to produce 30,000,000 COVISTIX tests a month and is currently building up its manufacturing capacity in the US. The company anticipates having a fully automated assembly line capable of producing 6,000,000 COVISTIX units per month up and running in Q1 2022. Pending US and global demand, this capacity could potentially be increased to over 100 million monthly in 2022.
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TRNO | Hot Stocks09:18 EST Terreno Realty acquires Washington industrial property for $33.5M - Terreno Realty acquired an industrial property located in Woodinville, Washington on December 23 for a purchase price of approximately $33.5M.
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APA | Hot Stocks09:10 EST APA Corp. announces ratification of modernized production sharing agreement - APA Corporation announced the signing, by authority of Egyptian President H.E. Abdel Fattah El Sisi, of the previously announced agreement to modernize and consolidate the company's current Production Sharing Contracts with Egypt's Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation. The effective date of the final agreement is retroactive to April 1, 2021 and the agreement has been formally signed by the Minister of Petroleum and Mineral Resources H.E. Tarek El Molla, EGPC and the company. In a presentation posted on the Events and Presentations page at investor.apacorp.com/events-and-presentations, APA has provided additional information on the new PSC, its revised investment plans and the resulting changes to its Egypt production growth profile, and updated guidance reflecting the financial impacts of certain revised PSC terms.
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WRAP | Hot Stocks09:09 EST Wrap Technologies announces international shipment of BolaWrap devices - Wrap Technologies announced the first international shipment of its next-generation technology, the BolaWrap 150 remote restraint device. The order follows the live demonstrations showcasing the benefits and features of the device that were given in October 2021.
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FNGR | Hot Stocks09:07 EST FingerMotion approved to list on Nasdaq - FingerMotion announced that the company's shares of common stock has been approved by Nasdaq Stock Market to list on the Nasdaq Capital Market. Trading on Nasdaq will commence on Tuesday, December 28 under the current trading symbol.
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FCEL | Hot Stocks09:05 EST FuelCell jumps over 6% to $6.87 per share after settling with POSCO Energy
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MTSI | Hot Stocks09:04 EST Macom transfers equity interest in Ampere for $127.7M - MACOM Technology Solutions Holdings announced that it has completed the sale of its equity interest in Ampere Computing Holdings to Denver Acquisition Corp., an affiliate of one of Ampere's other limited liability company members. Purchaser exercised its right to purchase MACOM's entire equity interest in Ampere in exchange for a predetermined cash consideration amount of approximately $127.7M. Ampere was established in 2017 when MACOM divested its ARM-based compute processor business of Applied Micro Circuits Corporation. In consideration for the divestiture, MACOM received a minority equity interest in Ampere with limited rights. Purchaser exercised its right to purchase all of MACOM's equity in Ampere for a value that was determined in 2017 at the time Ampere was established. In conjunction with this transaction, MACOM expects to record a gain on its GAAP Statement of Operations for the fiscal quarter ended December 31, 2021, reflecting the difference between the cash consideration and the carrying value of its Ampere investment, as of the date of sale.
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SRNE | Hot Stocks09:01 EST Sorrento Mexico executes second contract for sale of 10M COVISTIX tests - Sorrento Therapeutics announced its subsidiary, Sorrento Therapeutics Mexico, has executed a second contract with a large distributor for the sale and distribution of up to 10M COVISTIX tests for the Mexican market. Sorrento previously announced that Sorrento Mexico had signed a contract with a leading local distributor for up to 5M COVISTIX tests in Mexico, bringing the total number of tests to 15M to date.
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CRKN HPP | Hot Stocks08:54 EST Crown Electrokinetics reports master supply agreement with Hudson Pacific - In a regulatory filing after the market close on Thursday, Crown Electrokinetics (CRKN) disclosed that on December 23 the company entered into a Master Supply Agreement, or "MSA," with Hudson Pacific Properties (HPP) to install its Smart Window Inserts powered by DynamicTint in HPP office buildings. "The MSA provides the master terms and conditions under which Crown would supply units in order to retrofit certain windows at locations indicated in the purchase orders. In the future, the parties may enter into multiple specific transactions by executing purchase orders for additional buildings," the filing stated.
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GOOD | Hot Stocks08:41 EST Gladstone Commercial acquires Crossville, Tennessee industrial space for $29M - Gladstone Commercial acquired a 300,000 square foot industrial facility, located on 16.3 acres in Crossville, Tennessee, for $29.M on December 21.The property is Gladstone Commercial's second industrial acquisition along the I-40 corridor in Tennessee. The property is 100% leased to CoLinx with 11.0 years of remaining absolute NNN lease term. The property serves as a mission critical distribution building as a part of CoLinx's central Crossville distribution network and is utilized for packaging, warehousing, and distribution of ball bearings and other mechanical parts on behalf of SKF, Timken, and Schaeffler. The acquisition of the industrial property is consistent with Gladstone Commercial's growth strategy of acquiring functional assets, leased to credit-worthy tenants in strong industrial locations.
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GDDY | Hot Stocks08:37 EST Starboard Value discloses 6.5% stake in GoDaddy, may seek talks - In a regulatory filing, Starboard Value confirmed that it has acquired a 6.5% stake in GoDaddy based on the firm's "belief that the shares, when purchased, were undervalued and represented an attractive investment opportunity." The firm said in its filing with the SEC: "No Reporting Person has any present plan or proposal... The Reporting Persons intend to review their investment in the [company] on a continuing basis. Depending on various factors including, without limitation, the [company's] financial position and investment strategy, the price levels of the shares, conditions in the securities markets and general economic and industry conditions, the Reporting Persons may in the future take such actions with respect to their investment in the [company] as they deem appropriate including, without limitation, engaging in communications with management and the Board of Directors of the [company], engaging in discussions with stockholders of the [company] or other third parties about the [company] and the Reporting Persons' investment, including potential business combinations or dispositions involving the Issuer or certain of its businesses, making recommendations or proposals to the [company] concerning changes to the capitalization, ownership structure, board structure (including board composition), potential business combinations or dispositions involving the Issuer or certain of its businesses, or suggestions for improving the [company's] financial and/or operational performance, purchasing additional shares, selling some or all of their shares, engaging in short selling of or any hedging or similar transaction with respect to the shares, including swaps and other derivative instruments, or changing their intention." Earlier this morning, Cara Lombardo of The Wall Street Journal reported, citing people familiar with the matter, that Jeff Smith's Starboard Value had taken the stake in GoDaddy and plans to push the company to boost its performance.
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HCDI | Hot Stocks08:34 EST Harbor Custom Development closes sale on 30 developed lots for $6.045M - Harbor Custom Development announced that it has closed on the sale of 30 developed lots in the Summit Rock golf course development in Horseshoe Bay Texas to Modern Homestead, LLC for $6,045,000.
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ROIC | Hot Stocks08:34 EST Retail Opportunity issues annual ESG report - Retail Opportunity Investments announced the release of its annual Environmental, Social and Governance report. HIGHLIGHTS: 7% reduction in same-center greenhouse gas emissions; 5% reduction in same-center energy consumption; Awarded 2021 Green Lease Leader by U.S. Department of Energy; Commenced comprehensive Environmental Management System program; Enhanced reporting regarding key sustainability and climate-related disclosures; 100% corporate participation in annual diversity, equity and inclusion training; Continued employee community environmental engagement initiatives; Added three new, diverse independent directors to Board of Directors; Enhanced corporate governance. Stuart Tanz, President and CEO of Retail Opportunity Investments Corp. stated, "Notwithstanding the challenges brought on by the pandemic, we continue to forge ahead with our ESG initiatives, achieving important goals and milestones. We continue to steadily enhance our portfolio's environmental sustainability. Additionally, we continue to advance our employee engagement, diversity, equity and inclusion initiatives, together with enhancing our Board of Directors and individual stockholder rights. We look forward to building upon our ESG achievements in the coming year."
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IFBD | Hot Stocks08:32 EST Infobird enters into equity transfer agreement with Shanghai Qishuo - Infobird announced it had entered into an equity transfer agreement to acquire a 51% equity interest in Shanghai Qishuo Network Technology. Qishuo is a provider of consumer product and retail store digitalization solutions in the retail footwear industry and leading clothing brands. Infobird believes the acquisition of a 51% equity interest of Qishuo is an "important complimentary and synergistic strategic initiative and is expected to enable Infobird to accelerate its expansion into the consumer products and retail industry," the company said. Yimin Wu, Chief Executive Officer and Chairman of Infobird, commented: "We believe that China's consumer products and retail industry continues to have significant growth potential... Qishuo's product, Retail Rubik's Cube, provides an ideal solution for retailers that want to optimize the customer experience at their physical stores. By having a deep understanding of client store operations in China's consumer products and retail industry, Qishuo aims to empower companies with easy-to-use SaaS products that can provide deep insights of how to improve store performance and operations."
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GURE | Hot Stocks08:32 EST Gulf Resources receives notification to temporarily shut bromine facilities - Gulf Resources announced that it received an oral notification from the government of Shouguang City on December 23, 2021, pursuant to which all bromine facilities in Shouguang City will be temporarily closed from December 28, 2021 until February 21, 2022 8:00 AM China Time. To comply with such notification, the Company expects to temporarily stop production at its bromine facilities during the aforesaid period. The company said, "We believe this seasonal closure ordered by the government is part of governmental action plan to curb air pollution, which becomes worse in the winter, and improve the comprehensive development efficiency of brine resources. The Company does not anticipate the closure will have a significant impact on the Company's business for the 4th quarter, for all of year 2021, or for 2022. Further, in 2020-2021, the prior seasonal closure went from December 25, 2020 until February 19, 2021 8:00 AM China Time, there is the similar number of closure days ordered by these two government notifications. In general, winter is a slow period for bromine sales. Our customers are closed for Chinese New Year, so they do not place large orders prior to their closure. Further, crude salt is difficult to be processed during the coldest months because of low temperatures. For the 4th quarter and for year 2021, the closure takes place with only 4 days remaining in the year. For 2022, the company's business is always closed for Chinese New Year, which begins on February 1, 2022."
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MBOT | Hot Stocks08:27 EST Microbot Medical up 75% to $9.45 after entering Robotic System deal with Stryker
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NAKD | Hot Stocks08:20 EST Cenntro delivers first Logistar 200 vehicles to European markets - Cenntro Automotive announced that it produced and shipped 628 the newly launched model Logistar 200, or LS200, a light urban delivery vehicle purpose-built to navigate European streets. The Company has experienced strong demand from its European and American customers for its new models. The company today also reaffirmed its 2022 guidance to deliver a minimum of 20,000 vehicles.
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NAKD | Hot Stocks08:19 EST Cenntro delivers first 200 Logistar 200 vehicles to European markets - Cenntro Automotive announced that it produced and shipped 628 the newly launched model Logistar 200, or LS200, a light urban delivery vehicle purpose-built to navigate European streets. The Company has experienced strong demand from its European and American customers for its new models. The company today also reaffirmed its 2022 guidance to deliver a minimum of 20,000 vehicles.
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AUVI | Hot Stocks08:14 EST Applied UV reports resignation of CEO James Alecxih, supply chain consolidation - Applied UV announced that an initial review of the operations, supply chain, manufacturing, new product development, logistics and distribution processes of the recently acquired acquisitions has been completed. The company has elected to relocate Applied UV's Denver operations to Atlanta, Georgia utilizing the Kes Science and Technology facility. The company has also consolidated the operations of its recently acquired Scientific Air Management to the Kes Science Facility in Atlanta, Georgia. Additionally, the Applied UV board of directors has also unanimously approved and has promoted John Hayman, the CEO and president of its wholly owned and recently acquired KES Science and Technology from SVP of operations to serve as Applied UV's interim COO. Hayman served as Kes Science's president and CEO for 18 years. Lastly, the company was notified that James Alecxih, Applied UV's CEO and a director of the board of directors resigned. The company said Alecxih's resignation was for personal reasons and not a result of any disagreement with the company on any matter relating to the company's operations, policies, or practices. Max Munn, founder, president of Applied UV as well as a director on the board of directors and largest stakeholder, was named interim CEO.
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MBRX | Hot Stocks08:13 EST Moleculin announce preliminary interim results in Phase 1b/2 trial of annamycin - Moleculin Biotech reported preliminary interim results from its U.S. Phase 1b/2 clinical trial as it concluded the safety review of the third cohort and opens the fourth cohort in a dose escalation trial evaluating Annamycin for the treatment of soft tissue sarcoma, STS, lung metastases, which continues to document preliminary clinical activity for this drug. The Phase 1b/2 study is a U.S. multi-center, open-label, single-arm study that in Phase 1b will determine the maximum tolerated dose, MTD, or the recommended Phase 2 dose, RP2D, and safety of Annamycin. The Phase 2 portion of the study will explore the efficacy of Annamycin as a single agent for the treatment of subjects with STS with lung metastases for whom prior chemotherapy has failed, and for whom new chemotherapy is considered appropriate. The summary of interim data from the first three cohorts of the study are as follows: First Cohort: Two subjects had stable disease up to 6 cycles but were then discontinued due to progressive disease; One subject discontinued after the first cycle. The End of Study scan was performed, and stable disease was observed. However, the subject discontinued from the study because the initiation of the second cycle was delayed greater than 6 weeks from the previous dose. Second Cohort: In one subject, the scan at the end of the second cycle showed that there was a partial response and this was stable when the subject was scanned at the end of cycle 4. The subject subsequently discontinued from the study due to that subject electing to undergo surgical resection to potentially eradicate disease; One subject was discontinued from the study after 2 cycles after the end of cycle 2 scan revealed progressive disease; One subject received 1 cycle of treatment but discontinued treatment for reasons unrelated to Annamycin. The End of Study scan revealed progressive disease. Third Cohort: Efficacy data for the third cohort is incomplete as not all patients have received their scans. One subject received 1 cycle, without exhibiting any dose-limiting toxicities. An interim, unscheduled scan revealed progressive disease and the subject was discontinued from the study. One subject was discontinued from the study after 2 cycles after the end of cycle 2 scan revealed progressive disease. One additional subject was treated, also without evidence of any dose-limiting toxicities, and CT scans are scheduled in the near term.The statements above are based on interim data and should be considered preliminary and subject to change.
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ILPT | Hot Stocks08:12 EST Industrial Logistics Property Trust sells 6 properties to existing JV for $206M - Industrial Logistics Properties Trust announced that it has entered into an agreement to add six industrial properties to its existing joint venture with institutional investors for an aggregate price of approximately $206M. The properties are 100% leased for a weighted average remaining lease term of 4.0 years and total 2.5 million square feet. ILPT continues to own a 22% equity interest in the joint venture and the joint venture plans to incur approximately $134 million of debt secured by the properties in early 2022, which will result in total net proceeds to ILPT of approximately $190M. ILPT plans to use the net proceeds from the sale and subsequent debt financing to reduce outstanding borrowings under its $750M unsecured revolving credit facility. John Murray, President and Chief Executive Officer of ILPT, made the following statement regarding today's announcement: "The sale of these six properties to our joint venture underscores the value of ILPT's high-quality industrial portfolio and the strength of our relationships with strong institutional private capital partners. This transaction will enable ILPT to raise efficient equity capital that will be used to reduce leverage and increase financing capacity to fund future growth plans. With these assets, our joint venture now totals 11.7 million square feet across 18 properties in 12 states. We look forward to continuing to expand this private capital vehicle and enhancing value for ILPT shareholders over the long term."
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NAKD | Hot Stocks08:10 EST Cenntro delivers first 200 Logistar 200 vehicles to European markets - Cenntro Automotive announced that it produced and shipped 628 the newly launched model Logistar 200, or LS200, a light urban delivery vehicle purpose-built to navigate European streets. The Company has experienced strong demand from its European and American customers for its new models. The company today also reaffirmed its 2022 guidance to deliver a minimum of 20,000 vehicles.
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BHR | Hot Stocks08:10 EST Braemar Hotels & Resorts announces agreement to acquire the Dorado Beach - Braemar Hotels & Resorts announced it has entered into a definitive agreement to acquire the 96-room Dorado Beach, a Ritz-Carlton Reserve in Dorado, Puerto Rico. In addition, the Company is also acquiring the income stream attributable to fourteen luxury residential units adjacent to the Property that participate in a rental management program. The acquisition is expected to close on or prior to February 1, 2022, subject to certain customary closing conditions. "The acquisition of Dorado Beach, a Ritz-Carlton Reserve is an opportunity for us to acquire one of the most iconic luxury assets in the Americas," said Richard Stockton, Braemar's President and Chief Executive Officer. "As the first Ritz-Carlton Reserve in the Americas and one of only five Ritz-Carlton Reserve properties worldwide, this unique property fits perfectly with our strategy of owning high RevPAR luxury hotels and resorts and further diversifies our portfolio." The Property is situated within Dorado Beach Resort, a 1,900-acre master planned community. The total consideration for the acquisition is $186.6M. The acquisition will be funded with approximately $104M of cash, six million shares of Common Stock, and the assumption of a $54M mortgage loan. No additional equity will be issued to fund the cash portion of the consideration. The cash portion of the consideration will be funded from available excess cash.
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SPGI... | Hot Stocks08:09 EST S&P Global to sell CGS business to FactSet for $1.93B - S&P Global (SPGI) and IHS Markit (INFO) announced agreements to sell IHS Markit's Base Chemicals business to News Corp (NWS) and S&P Global's CUSIP Global Services, or CGS, business to FactSet Research Systems (FDS). These agreements represent progress toward completing the pending merger of S&P Global and IHS Markit. News Corp agreed to purchase the Base Chemicals business for $295M, and FactSet Research Systems has agreed to acquire CGS for $1.93B, with each agreement subject to customary purchase price adjustments. Each of these divestitures is dependent on closing the S&P Global-IHS Markit merger and other customary conditions. S&P Global and IHS Markit currently anticipate the combined company will receive aggregate net sale proceeds of approximately $1.3B from these transactions, of which proceeds are net of taxes and payments to CGS's industry partner. The divestitures remain subject to further review and approval by antitrust regulators. S&P Global and IHS Markit continue to expect to close their merger in the first quarter of 2022, subject to the satisfaction of closing conditions.
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ENPH | Hot Stocks08:08 EST Enphase Energy starts shipping IQ8 microinverters - Enphase Energy announced that it has started production shipments of IQ8 Microinverters for customers in North America. IQ8 is Enphase's smartest microinverter yet and fundamentally changes the paradigm for solar technology, which otherwise requires a grid connection to operate. With IQ8, homeowners can now form a microgrid during a power outage using sunlight, providing backup power even without a battery.
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MTCR | Hot Stocks08:08 EST Metracrine CMO Hubert Chen resigns - Metacrine announced that Hubert Chen, M.D., chief medical officer, has resigned to pursue a new opportunity. Dr. Chen's resignation is effective December 31, 2021. Preston Klassen, M.D., MHS, CEO, is expected to assume responsibility for Metacrine's ongoing clinical trials and future clinical operations.
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TCON | Hot Stocks08:07 EST Tracon Pharmaceuticals says IDMC recommends continuation of ENVASARC trial - TRACON Pharmaceuticals announced the Independent Data Monitoring Committee for the ongoing ENVASARC pivotal trial recommended continued accrual as planned in both cohort A of single agent envafolimab and cohort B of envafolimab given with Yervoy. The IDMC reviewed interim safety and efficacy data from 18 patients enrolled into each cohort who completed a minimum of 12 weeks of efficacy evaluations. The ORR by BICR in each cohort satisfied the prespecified futility rule. Envafolimab was well tolerated, with only a single Grade 3 related adverse event reported in 36 patients. Based on the highly tolerable safety profile and the significantly higher ORR observed in lower weight patients, the IDMC recommended increasing the envafolimab dose to 600 mg Q3W, which is twice the current envafolimab dose of 300 mg Q3W. Given the robust activity demonstrated by higher doses of envafolimab in completed studies, including in the pivotal trial in MSI-H/dMMR cancer that was the basis for approval in China, TRACON agrees with the IDMC guidance and will recommend this dose to the U.S. Food and Drug Administration through a protocol amendment.
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NWS... | Hot Stocks08:06 EST News Corp. to acquire Base Chemicals from IHS Markit for $295M in cash - News Corp. (NWS) announced that it has entered into an agreement to acquire the Base Chemicals business from S&P Global (SPGI) and IHS Markit (INFO). Base Chemicals will become part of Dow Jones' Professional Information Business, alongside OPIS, the energy and renewables data and information business. The OPIS acquisition, also from S&P Global and IHS Markit, was announced in August. The addition of Base Chemicals and OPIS will further enhance Dow Jones' information services business. News Corp is acquiring Base Chemicals for $295M in a cash transaction, subject to customary adjustments. The agreement was reached following the UK Competition and Markets Authority request that IHS Markit divest Base Chemicals as part of the S&P Global and IHS Markit merger plans. News Corp's acquisition of Base Chemicals is subject to customary closing conditions, including regulatory approvals and the completion of the S&P Global and IHS Markit merger. In addition, News Corp expects to receive a step up in tax basis resulting in an annual deduction over the next 15 years with an estimated tax benefit of approximately $46M on a present value basis. In its most recent fiscal year, ended November 30, Base Chemicals was expected to generate approximately $65M in revenues. Base Chemicals' revenues are geographically diverse, with more than 1700 customers across a wide range of industries, and approximately 185 employees. Its main products include Market Advisory Services, which provide pricing, insights and weekly/monthly reports; and World Analysis, which produces annual reports and maintains a database of trends and long-term forecasts. The total addressable market is expected to increase, with new demand anticipated for pricing data and insights and analysis resulting from the transition to renewables and related structural changes in the broader chemical industry. In the first quarter of FY22, Dow Jones recorded a 15% increase in revenues, compared to the same quarter last year, with segment EBITDA surging 32% that profitability was a record for a first quarter. Dow Jones' Professional Information Business experienced a 13% increase in revenues in the quarter.
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SPGI... | Hot Stocks08:06 EST S&P Global, IHS Markit announces agreements to sell Base Chemicals, CUSIP - S&P Global (SPGI) and IHS Markit (INFO) announced agreements to sell IHS Markit's Base Chemicals business to News Corp and S&P Global's CUSIP Global Services, CGS, business to FactSet Research Systems (FDS). These agreements represent continued progress toward completing the pending merger of S&P Global and IHS Markit. News Corp agreed to purchase the Base Chemicals business for $295M, and FactSet Research Systems has agreed to acquire CGS for $1.925B , with each agreement subject to customary purchase price adjustments. Each of these divestitures is dependent on closing the S&P Global-IHS Markit merger and other customary conditions. S&P Global and IHS Markit currently anticipate the combined company will receive aggregate net sale proceeds of approximately $1.3B from these transactions, of which proceeds are net of taxes and payments to CGS's industry partner. "The two divestures we have announced today represent an important milestone in our progress toward satisfying the required regulatory conditions to complete our merger with IHS Markit," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. "With these agreements in place, we are well positioned to dedicate our full attention to our goals of accelerating progress, enabling innovation and serving our customers through the combination of these two world-class businesses." The divestitures remain subject to further review and approval by antitrust regulators. S&P Global and IHS Markit continue to expect to close their merger in the first quarter of 2022, subject to the satisfaction of closing conditions.
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CELU | Hot Stocks08:05 EST Celularity receives Fast Track Designation for CYNK-001 - Celularity announced the U.S. Food and Drug Administration has granted Fast Track Designation for its non-genetically modified cryopreserved human placental hematopoietic stem cell-derived natural killer cell therapy, CYNK-001, in development for the treatment of acute myeloid leukemia.
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IMAB MGNX | Hot Stocks08:04 EST I-Mab announces IND approval from China NMPA for Phase 2 trial of enoblituzumab - I-Mab (IMAB) announced that the Center for Drug Evaluation, CDE, of China's National Medical Products Administration, NMPA, has approved I-Mab's IND submission for the initiation of a phase 2 trial in China for enoblituzumab in combination with pembrolizumab in patients with solid tumors, including non-small cell lung cancer, urothelial carcinoma, and other selected cancers. I-Mab has acquired exclusive rights to develop and commercialize enoblituzumab in Greater China from MacroGenics (MGNX). Enoblituzumab is a highly differentiated humanized monoclonal antibody directed against the immune regulator B7-H3, which plays a key role in regulating immune response against cancers and is widely expressed in multiple cancers. The phase 2 clinical trial in China will evaluate the efficacy of the combination of enoblituzumab and pembrolizumab. "The initiation of the phase 2 clinical trial will accelerate the clinical development of enoblituzumab in China," said Dr. Andrew Zhu, President of I-Mab. "Enoblituzumab has become a key player against various advanced cancers and one of the Company's core clinical assets. We are excited about the initiation of this clinical study and expect to bring this valuable compound to cancer patients with critical unmet medical needs."
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FCEL PKX | Hot Stocks08:04 EST FuelCell reaches settlement agreement with POSCO Energy - FuelCell Energy (FCEL) announced that POSCO Energy (PKX) and its subsidiary, Korea Fuel Cell have entered into a settlement agreement with FuelCell Energy. Pursuant to the Agreement: FuelCell Energy confirms its exclusivity to sell its differentiated platform technology throughout Asia; All licenses previously granted to POSCO Energy are amended such that POSCO has the right to service the existing installed POSCO customer base, but enjoys no other rights to FuelCell Energy technology in South Korea or broader Asian markets; and All claims between the parties are fully and finally settled with the exception of two small claims being negotiated by the parties that have no impact on market access. Having reached an agreement, the parties are cooperating to ensure that existing customers are fully aware of the settlement and that a framework exists for POSCO to deliver module replacements per the service and support design specifications in the agreement. The parties are also communicating to the broader market that FuelCell Energy has the exclusive right to pursue new fuel cell projects in Asia.
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BWMN | Hot Stocks08:04 EST Bowman Consulting to buy Terra Associates, expects immediate accretion - Bowman Consulting Group announced it had entered into a definitive purchase agreement for the acquisition of Terra Associates. Closing is scheduled to occur on December 31 subject to customary closing conditions. Headquartered in Houston, Texas, Terra delivers civil design and engineering solutions to clients focused on traffic and transportation planning, water-wastewater solutions, landscape and irrigation systems, office and industrial facilities, and multi-family development. Under the continuing leadership of Vickie Henkel, Terra's staff of 30+ professionals work from offices in Houston and San Antonio for both public and private sector clients. In connection with their water-wastewater practice, Terra serves in the role of District Engineer for several Texas-based Municipal Utility Districts . The acquisition, which the Company expects to be immediately accretive, was financed with a combination of cash, seller financing, and stock. The Company expects the Terra acquisition to initially contribute approximately $5.5M of annualized net service billing. "We are continuing to execute on our commitment to growth at a reasonable price," said Bruce Labovitz, Bowman's CFO. "This will be our last acquisition in 2021, and it brings our annualized acquired revenue for the year to approximately $36 million. The Terra acquisition is within our target multiple range and it meets all of our objectives for operating performance metrics. As is our practice, we will provide more detailed information on M&A activities and pipeline in connection with scheduled quarterly communications."
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NVST | Hot Stocks08:02 EST Envista announces Novel Biocare N1 implant system receives FDA clearance - Envista announced that the U.S. Food and Drug Administration, FDA, has cleared the Nobel Biocare N1 implant system. The N1 implant system represents a "significant step forward in patient-centric implant solutions," the company said. N1 is a system of instruments, prosthetic components, and surgical protocols. New features of the system include an implant designed for immediate placement and predictable insertion torques, a trioval conical connection for the abutment to slide into place, and an emergence profile designed for soft tissue maintenance. Amir Aghdaei, Chief Executive Officer, Envista, stated, "For over 50 years, Nobel Biocare has been a pioneering force behind implantology. The demand for high quality patient-centric solutions is higher than ever, and the Nobel Biocare N1 system enables clinicians to set a new standard in personalizing, digitizing, and democratizing the implant treatment experience they can offer patients."
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FDS SPGI | Hot Stocks08:02 EST FactSet to acquire CUSIP Global Services from S&P Global for $1.925B - FactSet (FDS) announced that it has entered into a definitive agreement to acquire CUSIP Global Services from S&P Global for $1.925B in cash. FactSet also expects to receive an estimated tax benefit of approximately $200M as part of the transaction.1The acquisition will significantly expand FactSet's critical role in the global capital markets, advancing its open data strategy. CGS manages a database of 60 different data elements uniquely identifying more than 50 million global financial instruments. It is the foundation for security master files relied on by critical front, middle and back-office functions. CGS is the exclusive provider of CUSIP and CINS identifiers globally and also acts as the official numbering agency for ISIN identifiers in the United States. As part of FactSet, CGS will continue to carefully steward the CUSIP system in close partnership with the American Bankers Association to ensure both a seamless transition and continued innovation. As a result, CGS will continue to reliably serve the global securities market as it evolves and grows. CGS generates annual revenues of approximately $175Monsistent revenue growth rates in the mid- to high-single digit range. It is expected to deliver robust margins and be immediately accretive to FactSet's adjusted operating margins. The transaction is also expected to be accretive to FactSet's adjusted diluted EPS in the first year of ownership, excluding purchase price amortization and one-time integration costs. CGS will function as a part of FactSet Content and Technology Solutions. The acquisition, on a pro forma basis, will increase CTS's Annual Subscription Value to more than $425M. CGS's experienced and trusted team will report to Jonathan Reeve, Executive Vice President and Head of CTS, FactSet. FactSet will fund the transaction through a combination of cash-on-hand and committed financing. The acquisition is subject to customary closing conditions, including regulatory approvals and the consummation of the S&P Global and IHS Markit merger. The transaction is expected to close during the first calendar quarter of 2022.
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FDS SPGI | Hot Stocks08:01 EST FactSet to acquire CUSIP Global Services from S&P Global for $1.925B
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SNCY | Hot Stocks07:51 EST Sun Country Airlines says third-party system outage affecting flights - Sun Country Airlines said in a series of tweets from its corporate Twitter account: "We are aware of a third-party system outage affecting all Sun Country flights, as well as the flights of other airlines worldwide. We are urgently working with this operator to resolve the situation as quickly as possible. [...] We apologize for the issue affecting our flights this morning and appreciate the patience of our guests as we work to get them safely on their way as quickly as possible." Reference Link
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CBNK | Hot Stocks07:47 EST Capital Bancorp appoints Jerome Bailey to board of directors - Capital Bancorp announced new board member Jerome Bailey. Bailey is a member of the Bank's board and managing member of Bailey Real Estate Holdings. Since 2013, Bailey has held the position of Vice Chairman of the Board of the Bank as well as Chairman of the Board Loan Committee. Retiring from the board is Stephen Ashman.
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BBIO | Hot Stocks07:36 EST BridgeBio sinks 67% to $13.60 after ATTR-CM Phase 3 study fails
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SVT | Hot Stocks07:32 EST Servotronics announces Trbovich resigns as CEO, removed as Chairman of Board - Servotronics announced that Kenneth Trbovich has resigned as Chief Executive Officer and President and was removed as Chairman of the Board, after a nearly six-month-long internal investigation identified grounds for his termination. While the Board of Directors conducts a search for a permanent replacement, the responsibilities of the CEO and President will continue to be carried out by other personnel, led by Chief Operating Officer James Takacs. Today's announcement follows a previously disclosed internal investigation, authorized by the Board on June 8 when Trbovich was placed on administrative leave, one day after a then-employee filed a civil complaint making allegations regarding the executive's conduct. The investigation was undertaken by independent, outside counsel. On Dec. 1, Mr. Trbovich was informed that grounds for termination were identified during the investigation and a Dec. 22 meeting was scheduled for the Board to hear from the executive and consider the matter. On Dec. 21, Trbovich resigned as CEO and President. At its Dec. 22 meeting, the Board accepted his resignation, removed him as Chairman, and based on the findings of the investigation determined that he committed willful malfeasance that would have justified termination. The Company has not disclosed other findings of the investigation, as they relate to personnel matters. While the former executive remains a director, the Company does not intend to renominate him for election to the Board at the 2022 annual meeting of shareholders.
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BBIO | Hot Stocks07:30 EST BridgeBio Pharma trading resumes
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BBIO | Hot Stocks07:25 EST BridgeBio Pharma trading halted, news pending
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ROCA | Hot Stocks07:14 EST ROC Energy Acquisition announces separate trading of stock, rights - ROC Energy Acquisition announced that, commencing December 29, 2021, holders of the units sold in the Company's initial public offering may elect to separately trade shares of the Company's common stock and rights included in the units. No fractional rights will be issued upon separation of the units and only whole rights will trade. Common stock and rights that are separated will trade on the Nasdaq Global Market under the symbols "ROC" and "ROCAR," respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol "ROCAU."
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MBOT SYK | Hot Stocks07:13 EST Microbot Medical collaborates with Stryker to develop LIBERTY Robotic System - Microbot Medical (MBOT) announced that it has entered into a strategic collaboration agreement with Stryker (SYK). The company will collaborate with Stryker's Neurovascular division to integrate its neurovascular instruments with Microbot's LIBERTY Robotic System to develop the world's first dedicated robotic procedural kits for use in certain neurovascular procedures. The company will continue to develop the LIBERTY Robotic System independently for use in peripheral and coronary procedures. The animal feasibility studies to date support the company's assertion that it will potentially allow physicians to safely and efficiently conduct remote catheter-based vascular procedures, and reduce the risk for radiation exposure, physical strain on the user and Hospital Acquired Infections, without the need for cumbersome and expensive capital equipment.
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BORR | Hot Stocks07:13 EST Borr Drilling enters deal to defer $1.4B in debt maturities - The company states: "Borr Drilling announces that it has reached agreements in principle with its largest creditors, the Singaporean yards, to refinance and defer a combined $1.4B debt maturities and delivery instalments from 2023 to 2025. This is a major step forward in the Company's previously announced target to address its debt maturities and commitments currently due in 2023. In return for these concessions, the Company has agreed to make cash repayments on the accrued costs and capitalised PIK interest owed to the yards during 2022 and 2023, in addition to what was agreed in the January 2021 amendments. These additional payments amount to $22.4M at the completion of the amendment agreements for the deferral, expected to be in January 2022 and an additional $28.6M payable later in 2022. It is also agreed that the payment of the remaining deferred yard costs and capitalised interest originally due in 2023 will be paid out during 2023 and 2024. In addition, regular payments of cash interest and capital costs for deferring deliveries will commence in 2023. The agreement in principle also contemplates applying a portion of future net equity offerings to repay amounts owed to the yards, first to be applied to the accrued and capitalised costs, and secondly to repay principal."
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TALO | Hot Stocks07:12 EST Talos Energy releases 2021 ESG report - Talos Energy published its second annual environmental, social and governance, ESG, report to stakeholders, highlighting the Company's continued environmental, health and safety focus, impacts on communities and employees and solid governance practices. Key highlights of this year's report include: Established a long-term target of 30% greenhouse gas emissions intensity reduction by 2025 from the 2018 baseline, and more recently added a 40% reduction stretch target; Zero hydrocarbon releases of greater than one barrel and less than three-fourths of one barrel released from over 23 million gross operated barrels of oil equivalent produced; ~3 million man hours worked with a 50% and 9% reduction in total recordable incident rates and lost time incident rates, respectively, from the 2018 baseline; Enhanced and renamed the Board of Directors' Safety Committee to the Safety, Sustainability and Corporate Responsibility Committee; Increased the weighting of ESG-related performance on management's annual incentive plan to 20% of total.
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PRDS FSII | Hot Stocks07:12 EST Pardes Biosciences completes combination withFS Development Corp. II - Pardes Biosciences announced the completion of its business combination with FS Development Corp. II. Pardes Biosciences, Inc., the resulting combined company, will commence trading its shares Monday, December 27th on the Nasdaq Global Market under the symbol "PRDS." Gross proceeds made available to Pardes Biosciences from this transaction totaled approximately $274M, which included funds held in FSII's trust account and the concurrent private investment in public equity financing. The shareholders of FSII approved the transaction on December 23, 2021. The transaction was previously approved by Pardes Biosciences' shareholders. Pardes Biosciences' management team will continue to be led by CEO Uri Lopatin, M.D. Pardes Biosciences protease inhibitor, PBI-0451, is currently in Phase I clinical study with early results showing potential for an unboosted oral regimen against COVID-19. Top-line results of Phase I data are expected to be reported in Q1 2022. On June 29, 2021, Pardes Biosciences, a privately held biotechnology company, entered into a definitive business combination agreement with FS Development Corp. II, a SPAC sponsored by Foresite Capital, that was created for the purpose of entering into a business combination with a biopharmaceutical company. As a result of the business combination, Pardes Biosciences received gross proceeds of approximately $274M, prior to transaction expenses, which includes cash proceeds of approximately $199M from FSII's trust account and $75M from PIPE investors led by Foresite Capital, an affiliate of FS Development Corp. II, RA Capital Management, Frazier Life Sciences, funds and accounts advised by T. Rowe Price Associates, Inc., GMF Capital LLC, EcoR1 Capital, Monashee Investment Management LLC, as well as strategic investor, Gilead Sciences.
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ORAN | Hot Stocks07:11 EST Orange Belgium enters deal with Nethys to acquire 75% in VOO SA - The company states: "Following the period of exclusive negotiations that began on 22 November and the approval of the board of directors of Enodia, Orange Belgium and Nethys have today signed an agreement for the acquisition by Orange Belgium of 75% less one share of VOO SA. The transaction is based on an enterprise value of EUR 1.8 billion for 100% of the capital."
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TEVA | Hot Stocks07:10 EST Teva signs commercial, exclusive agreement with Cannbit-Tikun Olam - Teva Israel and Cannbit-Tikun Olam signed an exclusive and mutual collaboration agreement, in which Cannbit-Tikun Olam will produce several medical cannabis products, administered as oils rich in THC and CBD, for Teva Israel. This will be done according to Teva's instructions and stringent standards, and the products will be exclusively marketed, and distributed by Teva in Israel and the Palestinian Authority. The oils are based on strains developed by Cannbit-Tikun Olam and selected exclusively by Teva Israel due to their safety profile and therapeutic efficacy. In the future, and to the extent possible, the cannabis oils will also be marketed by Teva in Ukraine, where the government is currently developing regulation. As part of the agreement and subject to Teva Israel receiving all the required regulatory approvals, the companies will collaborate for the extended period of 10 years, which they will also be able to extend by another 9 years.
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YY | Hot Stocks07:09 EST Joyy announces results of annual general meeting - JOYY announced that the following proposed resolution submitted for shareholder approval has been duly adopted as a special resolution at its annual general meeting of shareholders held in Guangzhou: THAT the Company's Second Amended and Restated Memorandum and Articles of Association be amended and restated by the deletion in their entirety and by the substitution in their place of the Third Amended and Restated Memorandum and Articles of Association.
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ATER | Hot Stocks07:09 EST Aterian signs $50M credit faciltiy with MidCap Financial Truest - Aterian announced that it has signed an asset backed credit facility with MidCap Financial Trust, which is managed by a subsidiary of Apollo Global Management, Inc. The credit facility has a three year term and gives Aterian access to up to $50 million in total credit, consisting of $40 million in commitments with an accordion facility of an additional $10 million. On the closing, Aterian has repaid in cash and satisfied all outstanding obligations under its existing $25.0 million term loan with High Trail.
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MAG FNLPF | Hot Stocks07:08 EST MAG Silver, Fresnillo provide Juanicipio commissioning update - Fresnillo plc (FNLPF) and MAG Silver Corp. (MAG) provide a commissioning update on the Juanicipio Project. The Juanicipio Project team delivered the Project for plant commissioning on schedule despite the recent changes to labour contracting legislation and having successfully mitigated most COVID-19 related issues over the past two years, a testament to the dedication of the operational and development teams on the ground. However, the 'Comision Federal de Electricidad', the state-owned electrical company, has just notified Fresnillo, the Juanicipio Project operator, the approval to complete the tie-in to the national power grid cannot yet be granted and the mill commissioning timeline will therefore be extended by approximately six months. This is directly related to knock-on effects of the pandemic on the CFE's operations, predominantly related to a lack of CFE staff which limits its ability to oversee three key tasks to: review the existing installation; supervise physical connection to the active power grid; and approve required blackout prevention devices. As operator, Fresnillo will continue to engage closely with the CFE and 'El Centro Nacional de Control de Energia' to do all that it can to expedite these necessary approvals. Although there remains uncertainty regarding the timing for connecting the Juanicipio Project to the power grid, the current estimate, which continues to be subject to potential COVID-19 related realities, is that full load commissioning activities will be approved sometime after the first week of May 2022. Stoping and mineralized mine development at Juanicipio will continue. In order to minimize any potential adverse effect, Fresnillo will make available any unused plant capacity at its Minera Fresnillo and Minera Saucito operations to process mineralized material produced at Juanicipio during this period, and if possible matching commissioning and ramp up tonnages that were previously expected. The effect on cashflow generation from Juanicipio therefore will also be mitigated while CFE approvals are pending.
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STRO | Hot Stocks07:07 EST Sutro, Talsy enter exclusive license agreement for STRO-002 in Greater China - Sutro Biopharma announced an exclusive license agreement with Tasly Biopharmaceuticals, a holding subsidiary of Tasly Pharmaceutical Group, for the development and commercialization of STRO-002 in Greater China, consisting of mainland China, Hong Kong, Macau and Taiwan. STRO-002 is a FolRalpha-targeting antibody-drug conjugate, ADC, currently in clinical studies for patients with ovarian and endometrial cancers in the U.S. and Europe. Under the terms of the agreement, Sutro will receive an upfront payment of $40M and be eligible to receive potentially up to $345M in development and commercial milestone payments. Tasly will pursue the clinical development, regulatory approval, and commercialization of STRO-002 in Greater China for ovarian and endometrial cancers, with the potential to expand to further oncological indications including non-small cell lung cancer and triple-negative breast cancer. Sutro retains development and commercial rights of STRO-002 outside of Greater China. Sutro will be responsible for the clinical trial and initial commercial supply of STRO-002 for trials in the licensed territory pursuant to a supply agreement according to customary terms. Upon commercialization, Sutro will receive tiered, double-digit royalties based on annual net sales of STRO-002 in Greater China.
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BBIO | Hot Stocks07:06 EST BridgeBio 'well-capitalized' through completion of ATTRibute-CM - BridgeBio is well-capitalized through the completion of ATTRibute-CM and remains on track to deliver on additional catalysts in 2022 and 2023. "With the financing announced in November 2021, we currently have approximately $800 million in cash, cash equivalents and marketable securities with access to up to $300 million on achieving portfolio milestones through year-end 2022. We have ongoing clinical trials in multiple genetic diseases, including achondroplasia, autosomal dominant hypocalcemia type 1, limb-girdle muscle dystrophy type 2i and dystrophic epidermolysis bullosa, and we believe we are well-positioned to deliver in 2022," said Brian Stephenson, Ph.D., chief financial officer of BridgeBio.
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MOVE | Hot Stocks07:05 EST Movano announces debut device, Movano Ring, to be showcased at CES 2022 - Movano announces its debut device, the Movano Ring, to be showcased at CES 2022. The Movano Ring and its accompanying app combine health metrics with personalized intelligent feedback. It is designed for women of all ages. The Ring will help you make connections between cause and effect and understand the correlation between how you feel and various areas of your health, including activity, sleep and more, by measuring heart rate, heart rate variability, sleep, respiration, temperature, blood oxygen, steps and calories. The Movano Ring is expected to be one of the most affordable health devices on the market and to first be available through a beta release in the second half of 2022.
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BBIO | Hot Stocks07:05 EST BridgeBio says Phase 3 ATTRibute-CM study does not meet primary endpoint - BridgeBio Pharma announced topline results from Month 12 of ATTRibute-CM, an ongoing global Phase 3 study investigating acoramidis for the treatment of symptomatic transthyretin amyloid cardiomyopathy. The mean observed decline in 6MWD at Month 12 in participants receiving acoramidis or placebo with baseline eGFR greater than or equal to 30 mL/min/1.73m2 were 9 meters and 7 meters, respectively. Decline observed in both arms of ATTRibute-CM was similar to expected functional decline in healthy elderly adults.1 The declines were also substantially less than the greater than40 meter annual declines observed in previous untreated arms reviewed by the company.2 The decline in the ATTRibute-CM placebo group was more than 70% lower than the decline observed in the ATTR-ACT treatment group. The ATTRibute-CM independent data monitoring committee recommends continuing the study based on unblinded data reviews. Despite the unexpected performance of the six-minute walk test, the trial's steering committee co-chairs and the Company agree that there is potential for acoramidis to demonstrate benefit on the Month 30 endpoint which includes all-cause mortality and cardiovascular hospitalizations. "Although these results were not what we hoped, the most important moment in this trial will be the Part B readout at 30 months, where we will see the effects of acoramidis on all-cause mortality and cardiovascular hospitalizations. From what I've seen so far, I remain enthusiastic about getting to that endpoint," said Daniel Judge, M.D., professor in the Division of Cardiology at the Medical University of South Carolina, and co-chair of the ATTRibute-CM Steering Committee. ATTRibute-CM enrolled 632 participants with symptomatic ATTR-CM, associated with either wild-type or variant TTR, with New York Heart Association Class I-III symptoms. The study is designed as a two-part study with Part A comparing change from baseline in 6MWD and Part B utilizing a hierarchical comparison including all-cause mortality and cardiovascular hospitalizations. ATTRibute-CM enrolled a similar patient population as ATTR-ACT, excepting a smaller proportion of U.S. participants and TTR variant carriers. Participants were randomized 2:1 between treatment and placebo twice daily. Based on data available after 12 months of treatment, the Company observed: In the primary analysis, change from baseline in 6MWD was not improved in the acoramidis arm relative to the placebo arm. Key differences in NYHA class, geographic distribution, and TTR variant status compared to the ATTR-ACT population do not appear to have affected the primary outcome of ATTRibute-CM. The only participant sub-population the company has reviewed to date that exhibited substantial placebo decline in 6MWD by Month 12 was the variant population. In that population, observed decline in placebo and acoramidis was -40 meters and -2 meters, respectively. Acoramidis improved Kansas City Cardiomyopathy Questionnaire Overall Summary Score relative to placebo. Acoramidis improved NT-proBNP relative to placebo. Median percent change from baseline at Month 12 in acoramidis-treated and placebo-treated participants were +0.6% and +24.3%, respectively. Acoramidis increased serum TTR levels relative to placebo. Mean percent change from baseline at Month 12 in acoramidis-treated and placebo-treated participants were +38.5% and -0.7%, respectively. Acoramidis was generally well-tolerated with no safety signals of clinical concern identified. To protect the integrity of Part B, the Sponsor's access to unblinded adverse event data for Part A excludes AEs leading to a cardiovascular hospitalization excepting events with the outcome of death. Adverse events occurred in 85.3% of placebo-treated participants and 91.9% of acoramidis-treated participants. Serious adverse events occurred in 23.2% of placebo-treated participants and 20.2% of acoramidis-treated participants/ Adverse events with outcome of death occurred in 6.2% of placebo-treated participants and 4.5% of acoramidis-treated participants.
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GDDY | Hot Stocks07:04 EST GoDaddy rallies 3% to $78.47 after WSJ report of Starboard 6.5% stake
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BCLI | Hot Stocks07:03 EST BrainStorm announces FDA authorizes further NurOwn dosing under EAP - BrainStorm Cell Therapeutics announced plans for a dosing extension of NurOwn for participants who completed the Expanded Access Protocol, EAP. The U.S. Food and Drug Administration recommended that BrainStorm submit an EAP protocol amendment to provide additional dosing for these participants. Under the original EAP protocol, participants who had completed the Phase 3 NurOwn trial and who met specific eligibility criteria had the opportunity to receive 3 doses of NurOwn. Under the amended EAP protocol, these eligible participants will receive up to 3 additional doses. Data collected from the original EAP treatments informed the decision to move forward with additional doses for participants who completed it. Chaim Lebovits, Chief Executive Officer, Brainstorm Cell Therapeutics, commented, "We are pleased to be able to provide additional treatments to these patients. This program is an outcome of a fruitful collaboration between the FDA, Patient Advocacy groups and Brainstorm. We look forward to continuing this dialogue with the FDA for the best path forward."
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CLVT | Hot Stocks07:02 EST Clarivate will need to restate previously issued financial statements - In a regulatory filing, Clarivate disclosed that on December 22, the company concluded that the financial statements previously issued as of and for the year ended December 31, 2020, and the quarterly periods ended March 31, 2021, June 30, 2021, and September 30, 2021, should no longer be relied upon because of an error in such financial statements. "The error relates to the treatment under U.S. generally accepted accounting principles relating to an equity plan included in the CPA Global business combination which was consummated on October 1, 2020. In the affected financial statements, certain awards made by CPA Global under its equity plan were incorrectly included as part of the acquisition accounting for the CPA Global Transaction. For the majority of these awards, the company concluded that expenses should have been recognized as stock-based compensation charges over the vesting period from October 1, 2020 to October 1, 2021, with only a portion of the liability recorded as part of acquisition accounting. These expenses, of up to $185 million, will be recorded primarily over the periods ending December 31, 2020, March 31, 2021, June 30, 2021, and September 30, 2021. Accordingly, the company's previously issued financial statements as of and for the periods ended December 31, 2020, March 31, 2021, June 30, 2021, and September 30, 2021, will need to be restated. The company is in the process of preparing a second amendment to its Annual Report on Form 10-K for the year ended December 31, 2020 in order to provide restated financial statements and applicable footnote disclosures, along with revisions to information provided in Management's Discussion and Analysis and management's assessment of the effectiveness of internal control over financial reporting, including the impact on disclosure controls and procedures. The company is also preparing amendments to its previously issued Form 10-Q filings for the periods ended March 31, 2021, June 30, 2021, and September 30, 2021. The restated financial information will not impact previously reported GAAP revenues or long-term debt, or the non-GAAP metric Adjusted EBITDA. The company anticipates that the restated financial information will affect GAAP income (loss) from operations, benefit (provision) for income taxes, net income (loss), earnings (loss) per share, current and non-current assets, current and non-current liabilities, and shareholders' equity. Management is assessing the effect of the restatements on the company's internal control over financial reporting and its disclosure controls and procedures. The company expects to report an additional material weakness following an analysis of the cause of these restatements. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of a company's annual or interim financial statements will not be prevented or detected on a timely basis. The existence of a material weakness precludes a conclusion by management that the company's disclosure controls and procedures and internal control over financial reporting are effective. The audit committee of the company's board of directors has discussed with PricewaterhouseCoopers LLP, the company's independent registered public accounting firm, the matters disclosed," the filing stated.
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PSTI | Hot Stocks07:02 EST Pluristem says Phase II studies of ARDS do not meet primary efficacy endpoint - Pluristem Therapeutics announced topline results from its Phase II dose escalation studies evaluating the safety and efficacy of intramuscular injections of PLX-PAD cells for the treatment of Acute Respiratory Distress Syndrome associated with COVID-19. The analysis is based on 89 patients enrolled in two Phase II studies in the U.S. and in Europe and Israel. The primary efficacy endpoint was the number of ventilator free days from day 1 through day 28 of the Studies. VFD at day 60 and all-cause mortality at days 28 and 60 were part of the secondary efficacy endpoints in the Studies. The Studies did not meet the primary efficacy endpoint of statistically significant improvement of VFD at 28 days. Taking into consideration the baseline risk factors of the ARDS patients, no differences in the safety profile were observed between PLX-PAD and placebo. In July 2021, Pluristem announced its decision to bring the Studies to early clinical readout based on 89 patients enrolled, instead of the originally planned 180 patients. The decision came in response to COVID-19's evolution as a disease, and the significant changes in the standard of care, leading to an increase in the severity of conditions of the intubated patients. These changes in the evolution of COVID-19 raised a major concern about the potential variability in the patient population in the Studies. The early termination of recruitment led to a significant reduction in the statistical power of the Studies. Efficacy trends from the Studies included: A single administration of 300 million PLX-PAD cells demonstrated overall better results, compared to other treatment groups Patients in the U.S. study treated with a single dose of 300 million PLX-PAD cells showed an increased survival rate by 40% at day 60 compared to placebo group. Patients in the EU Study treated with a single dose of 300 million PLX-PAD cells showed an increased survival rate by 27% at day 60 compared to control group. In the EU Study, patients treated with a single dose of 300 million PLX-PAD cells showed increased VFD at day 28 by 3.6 days, from 0.2 days in the control group to 3.8 days in the treated group. In the EU Study, patients treated with a single dose of 300 million PLX-PAD cells showed increased VFD at day 60 by 112% or 6.6 days, from 5.9 days in the control group to 12.5 days in the treated group. Pluristem's CEO and President, Yaky Yanay said: "Pluristem joined the global effort to fight the evolving and unexpected COVID-19 pandemic. We chose to focus on the most severe intubated patients suffering from ARDS associated with COVID-19, that have no viable treatment to date and are challenging healthcare systems worldwide. With the new coming wave of the Omicron variant, we intend to explore the opportunities based on the efficacy trends obtained from the Studies. I would like to thank everyone who has been involved in the Studies including the patients and their families, our investigators and study personnel, and the team at Pluristem for making extraordinary efforts to conduct these important studies during very challenging times."
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OI | Hot Stocks06:58 EST O-I Glass to sell Cristar Tabletop to Vidros Colombia for $95M in proceeds - O-I Glass announced that a subsidiary of the company has entered into a definitive agreement to sell Cristar TableTop to Vidros Colombia S.A.S, an affiliate of Nadir Figueiredo S.A., a glass tableware producer based in Brazil. The sale would generate gross proceeds of approximately $95M and is expected to close during the first half of 2022, subject to customary regulatory approvals and other closing conditions. Cristar owns a dedicated tableware manufacturing plant in Buga, Colombia, that exports tableware to approximately 40 countries around the world and generated approximately $14.6M of EBITDA during the last twelve months ended September 30, 2021. The sale of Cristar is consistent with O-I's ongoing portfolio optimization program to exit non-core operations and further advance its core business. Proceeds from this program are being redeployed to help fund up to $680M of attractive growth opportunities by 2024, including the company's revolutionary MAGMA innovation, as well as to reduce debt. Including this divestiture, O-I has entered into sales agreements approximating $1.1B as part of its overall $1.5B portfolio optimization program. O-I anticipates completing the current program in 2022, ahead of its original 2024 target. O-I's expansion plan includes a previously announced $100M investment at its plant in Zipaquira, Colombia. Following this expansion and the sale of Cristar, O-I expects to have an even stronger and more focused presence in Colombia.
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CHD | Hot Stocks06:56 EST Church & Dwight completes purchase of TheraBreath - Church & Dwight has completed its previously announced acquisition of TheraBreath, the #2 brand in the alcohol-free mouthwash category in the United States. The transaction was completed under the original terms announced on November 29, 2021, which called for Church & Dwight to pay $580M in cash at closing.
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DS | Hot Stocks06:55 EST Drive Shack to bring Puttery to Chicago's Fulton Market - Drive Shack announced it will bring Puttery to Fulton Market in Chicago. The 23,000-square-foot venue will span across two levels and feature two uniquely themed, nine-hole putting courses, two indoor bars, a rooftop/patio bar, and a chef-driven menu and incredible craft cocktail offerings. Guests will enjoy ample seating and eclectic lounge areas throughout each level.
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MRK ESALY | Hot Stocks06:54 EST Japanese MHLW approves combination of KEYTRUDA plus LENVIMA - Merck (MRK) and Eisai (ESALY) announced that the Japanese Ministry of Health, Labour and Welfare has approved the combination of KEYTRUDA, Merck's anti-PD-1 therapy, plus LENVIMA, the orally available multiple receptor tyrosine kinase inhibitor discovered by Eisai, for the treatment of patients with unresectable, advanced or recurrent endometrial carcinoma that progressed after cancer chemotherapy. This approval marks the first time the combination of KEYTRUDA plus LENVIMA has been approved in Japan. KEYTRUDA plus LENVIMA is now approved in Japan, the U.S. and Europe for certain types of advanced endometrial carcinoma. The approval is based on results from the pivotal Phase 3 KEYNOTE-775/Study 309 trial, in which KEYTRUDA plus LENVIMA demonstrated statistically significant improvements in overall survival, reducing the risk of death by 38%, and progression-free survival, reducing the risk of disease progression or death by 44%. The median OS was 18.3 months for KEYTRUDA plus LENVIMA versus 11.4 months for chemotherapy. The median PFS was 7.2 months for KEYTRUDA plus LENVIMA versus 3.8 months for chemotherapy. The Japanese package inserts for KEYTRUDA and LENVIMA note that in the KEYNOTE-775/Study 309 trial, adverse reactions were observed in 395 patients out of the safety analysis set of 406 patients receiving KEYTRUDA plus LENVIMA. The most common adverse reactions were hypertension in 249 patients, hypothyroidism in 222 patients, diarrhea in 171 patients, nausea in 158 patients, decreased appetite in 151 patients, fatigue in 113 patients, proteinuria in 105 patients, vomiting in 98 patients, weight decreased in 91 patients, arthralgia in 87 patients and palmar-plantar erythrodysesthesia syndrome in 84 patients.
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NETI | Hot Stocks06:50 EST Seajacks signs contract with Van Oord for Seajacks Scylla - Eneti announced that Seajacks UK has signed a contract with Dutch marine contractor, Van Oord. Van Oord has selected the Seajacks Scylla, the largest and most capable vessel in the Seajacks fleet. Currently employed through 2022 in Taiwan, the vessel will move to Europe upon completion of its existing turbine installation contract with Orsted on the Greater Changhua Offshore Wind Farm. The firm charter duration of the Van Oord contract will generate approximately $60M of revenue in 2023.
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DOGZ | Hot Stocks06:33 EST Dogness International GPS pet tracker rises to top of category after three weeks - Dogness International announced its Discover Smart GPS Pet Tracker has become the second most popular product in its category in China after only three weeks on the market. Silong Chen, chairman and CEO of Dogness, commented, "Our traditional and intelligent pet products have had successful launches in the past but nothing can compare to the success of our new state-of-the-art Discover Smart GPS Pet Tracker. Clearly, pet safety is as important to pet owners as it is to Dogness."
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KNOS | Hot Stocks06:23 EST Kronos Advanced Technologies enters contract to procure PPE - Kronos Advanced Technologies announced a contract to procure Personal Protective Equipment, medical gloves, medical and health masks as well as COVID-19 Test Kit Products. Kronos has initiated national marketing efforts to provide PPE supplies and Covid test kits with direct product sales from PPE manufacturers to clients and governments. The Company is working towards adding additional supply contracts in 2022. The company said, "The following material events provide a corporate update as KNOS continues to execute on its growth strategy: West Virginia factory improvements are on schedule. We expect to finish all planned improvements by end of January 2022. Kronos is developing new innovative consumer electronics products in the wellness category. The Company is preparing to file a registration statement on Form S-1 with the US Securities and Exchange Commission relating to the proposed secondary public offering of its common stock. Kronos is preparing to manufacture our patented Kronos air purifiers in Kronos' USA facility to satisfy the increasing demand for air purifiers capable of targeting the smallest particles like viruses, bacteria, and allergens. Kronos will increase the production of its unique 5-ply, the U.S.-made graphene masks. The Management believes all these efforts will further position the Company for ongoing success."
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VLD | Hot Stocks06:12 EST Velo3D ships first Sapphire XC to aerospace customer - The company states: "Velo3D has announced its first Sapphire XC delivery. The Sapphire(R) XC, or "Extra Capacity," is Velo3D's newest and largest metal 3D printer that delivers both faster production and larger parts. The Sapphire(R) XC is a scale up version of the Sapphire(R) printer, utilizing the same Flow(TM) print preparation software, the same Assure(TM) quality control software, and the same Intelligent Fusion(R) manufacturing process. Sapphire(R) XC is built to enable a seamless transition of parts that were developed and qualified on Sapphire(R) to the larger, more productive Sapphire(R) XC, reducing the cost of producing parts by up to 75%. Sapphire(R) XC also expands the use of Velo3D's production solution to parts that are up to 400% larger in volume than the largest parts possible to produce with Sapphire(R). The customer receiving the new Sapphire(R) XC will use it to scale up production of its product that is built using the Sapphire(R) fleet of metal 3D printers they already have. Velo3D currently has a backlog of firm bookings for 17 additional Sapphire(R) XC systems as well as 19 additional reservations. The demand is primarily driven by the lower production costs Sapphire(R) XC can enable for customers who have adopted the original Sapphire(R) printers and its ability to produce much larger parts."
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LIZI | Hot Stocks06:02 EST Lizhi signs in-car audio partnership with HiPhi - LIZHI announced that it has partnered with luxury smart electric vehicle brand HiPhi on in-car audio technology and has already integrated LIZHI's in-car audio products into HiPhi vehicles' in-car entertainment systems. HiPhi is a new automotive brand by Human Horizons. HiPhi X, the company's first mass-produced flagship model, was launched nationwide in May this year and already serves owners in more than 100 cities across China.
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AAPL | Hot Stocks05:50 EST Apple appeals Netherlands order over App Store payment policies - Apple spokesperson Marni Goldberg told media outlets that the company disagrees with the order issued by the Netherlands Authority for Consumers and Markets and has filed an appeal." Apple "does not have a dominant position in the market for software distribution in the Netherlands, has invested tremendous resources helping developers of dating apps reach customers and thrive on the App Store, and has the right under EU and Dutch law to charge developers of these apps a fee for all the services and technologies Apple provides them," the company said in a statement.
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AAPL | Hot Stocks05:28 EST Netherlands says Apple must adjust App Store payment policies or face fines - The Netherlands Authority for Consumers and Markets on Friday ordered Apple to "adjust the unreasonable conditions in its App Store that apply to dating-app providers." Dating-app providers are currently not able to choose freely a payment system for purchases made in their dating apps by consumers, the agency said in a statement. If Apple does not adjust the "unreasonable conditions" within two months, it will have to pay a periodic penalty of 5M euros per week up to a maximum of 50M euros, it added. "In this way, ACM seeks to improve the situation for app providers regarding Apple's unreasonable conditions," the agency said. "Apple must adjust the conditions for access to the Dutch App Store for dating-app providers," it said. Reference Link
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TOUR | Hot Stocks05:12 EST Tuniu executives to purchase up to $2M of ADSs - Tuniu announced that certain senior management members of Tuniu, consisting of Donald Dunde Yu, founder, chairman and chief executive officer, Wei Zhang, executive vice president, and Anqiang Chen, financial controller, as well as certain employees of Tuniu, intend to use their personal funds to purchase the company's American depositary shares, or ADSs, on the open market for an aggregate amount up to a maximum of $2M within the next six months, pursuant and subject to the restrictions of, and consistent with, the applicable laws and regulations and the company's securities trading policy.
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VEON YNDX | Hot Stocks05:10 EST Veon mobile operator partners with Yandex Plus on joint tariff plan - Veon (VEON) announced that its Beeline mobile operator in Russia is to partner with Yandex.Plus (YNDX) for the launch of their first joint tariff plan. The plan, branded "People closest to you with Yandex.Plus", is a single-payment tariff that includes a bundle of minutes, internet and unlimited messages, as well as giving access to Kinopoisk, Yandex Music and cashback points in Yandex services.
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CTK | Hot Stocks05:07 EST CooTek invested game studio announces top ranking of 'Hotties Up' mobile game - Recently, the hyper-casual game "Hotties Up" has reached the top three of the U.S. iOS game ranking a few days after release. The dress-up parkour game is published by Smillage, the game studio CooTek invested in.
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