Stockwinners Market Radar for April 04, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
NRIX | Hot Stocks20:06 EDT Cathie Wood's ARK Investment bought 311.3K shares of Nurix Therapeutics today
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PATH | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 867.3K shares of UiPath today
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BKSY | Hot Stocks19:23 EDT BlackSky's new satellites began revenue-generating commercial operations - BlackSky announced that its"newest satellites successfully began revenue-generating commercial operations for customers, taking high-resolution images and creating analytics within a company record of 12 hours after launch. The company expanded its constellation from 12 to 14 high-resolution satellites following the successful RocketLab launch "Without Mission a Beat" on Saturday, April 2. This mission marks the fourth BlackSky satellite launch mission in the last four months."
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QCOM | Hot Stocks18:22 EDT Qualcomm CEO: The Arriver acquisition is a very important milestone for us - In an interview on CNBC's Mad Money, Cristiano Amon said Qualcomm is building a whole digital chassis for the automotive industry. He is "super excited" about ADAS and the automotive industry as a whole. "Our vision is to bring scale to assisted driving and autonomy," he noted. The company will continue to look at opportunistic share buybacks, he added.
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GTLB | Hot Stocks18:06 EDT GitLab names Ashley Kramer chief marketing and strategy officer - GitLab announced that Ashley Kramer has joined the company as its Chief Marketing and Strategy Officer. "I am excited to welcome Ashley Kramer as CMSO and to have her at the helm of our marketing organization," said GitLab CEO and co-founder, Sid Sijbrandij. "I believe Ashley's mix of marketing, product, and technology leadership positions make her well suited to lead as GitLab enters into the next phase of market leadership." "As a former engineer, I am drawn to GitLab's unique ability to solve a deep developer pain point - streamlining the development process and bringing innovative ideas to customers in a quicker and more efficient way," said Kramer. "I am thrilled to join GitLab as Chief Marketing and Strategy Officer and look forward to contributing to GitLab's continued success." Kramer joins GitLab from Sisense, where she served as Chief Marketing Officer and Chief Product Officer and was responsible for leading the company's go-to-market and product strategy, brand awareness and revenue growth.
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RHP CMCSA | Hot Stocks18:06 EDT Ryman Hospitality announces investment from Atairos, NBCUniversal - Ryman Hospitality Properties and Atairos announced that Atairos, along with their long-term strategic partner NBCUniversal, will acquire a 30% minority ownership stake in RHP's subsidiary OEG Attractions Holdings, which directly or indirectly owns the assets that comprise Opry Entertainment Group. Atairos' investment values OEG at $1.415B, inclusive of OEG's previously announced acquisition of Block 21. Atairos has agreed to make an additional $30M investment in OEG, contingent on certain performance targets being achieved, which would bring OEG's valuation to $1.515B. The initial $1.415B valuation includes a recapitalization of OEG with a new $300M Term Loan B and the assumption of a $137M CMBS facility for Block 21 upon consummation of that transaction. Atairos' and NBCUniversal's initial 30% equity investment in OEG will be approximately $293M, of which Atairos is directly investing approximately $278M and NBCUniversal will directly invest up to approximately $15M. Upon completion of the transaction, RHP will retain a controlling 70% interest in OEG. Colin Reed will serve as Executive Chairman of OEG in addition to his responsibilities as Chairman and Chief Executive Officer of RHP. In connection with the investment, Atairos will enter into an LLC agreement with RHP and OEG upon the closing of the investment, pursuant to which, among other things, Atairos Partners Alex Evans and Jackson Phillips will join OEG's Board of Directors, which will be comprised of four RHP Directors and two Atairos Directors. The transaction, which is subject to customary conditions, is expected to close in Q2 2022. Upon closing, RHP expects to receive gross transaction proceeds of approximately $593M, comprised of the Atairos and NBCUniversal investment and borrowings from a new $300M Term Loan B facility secured by OEG assets. RHP expects to use these proceeds to pay transaction expenses, fully repay its $300M Term Loan A and substantially all the borrowings outstanding under its revolving credit facility, thereby reducing leverage and creating balance sheet flexibility to allow RHP to pursue continued reinvestment in its businesses.
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FTK | Hot Stocks17:54 EDT Flotek regains compliance with NYSE continued listing standard - Flotek Industries announced it has received written notice from the New York Stock Exchange that it has regained compliance with the NYSE's continued listing standards. The notification is a result of the company's average closing price for the 30-trading days ended March 31, 2022 exceeding the NYSE's minimum requirement of $1.00 per share, based on a 30-trading day average. On December 10, 2021, the company reported it had received notice that from the NYSE that the average closing price of the company's shares of common stock was below $1.00 per share over a period of 30 consecutive trading days, which is below the requirement for continued listing on the NYSE. The company is no longer considered below the $1.00 per share continued listing criterion and the below compliance ".BC" indicator will be removed from the company's common shares.
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RH | Hot Stocks17:37 EDT RH CEO completes sale of stock announced on March 29th - In a regulatory filing, RH states: "On March 29, 2022, the Issuer announced Mr. Friedman's intention to sell approximately 1.7 million shares of Common Stock issuable upon exercise of approximately 2.9 million options that would be expiring in connection with the ten-year anniversary of the Issuer's initial public offering and to use the sale proceeds to fund the option exercise and satisfy the resulting tax obligations. Mr. Friedman has completed the sale of the shares of Common Stock referenced in such announcement. In particular, Mr. Friedman has (i) exercised all of the options granted to him in connection with the Issuer's initial public offering, representing an aggregate issuance to him of 2,876,826 shares of Common Stock, and (ii) completed the sale of 1,750,000 shares of Common Stock resulting from the option exercise in order to pay the exercise price for the IPO Options and satisfy the corresponding tax obligations related to the exercise of such IPO Options. Mr. Friedman has retained ownership of the remaining 1,126,826 shares of Common Stock resulting from his exercise of the IPO Options."
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FLDM LAB | Hot Stocks17:34 EDT Fluidigm has been renamed Standard BioTools - Fluidigm (FLDM) announced the closing of the previously announced strategic capital infusion from life sciences investors Casdin Capital and Viking Global Investors. Fluidigm has been renamed Standard BioTools and its common stock is expected to begin trading on Nasdaq under the symbol "LAB" as of the open of market on April 6. Standard BioTools will focus on significantly advancing its mission to become an essential solutions partner to the life science industry focused on the highest growth areas of biological discovery and development.
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MMI | Hot Stocks17:33 EDT Marcus & Millichap closes eight-asset portfolio sale for $302M - Marcus & Millichap announced the sale of The ERGS Portfolio, a six-property multifamily portfolio spanning a total of 1,077 units across eight assets. The portfolio traded for $302.5M, or $280,872 per unit. "With this purchase, the buyer establishes a strong presence in Reno's multifamily market," said Kenneth Blomsterberg, senior managing director investments in Marcus & Millichap's Reno office. "The tremendous upside potential that can be captured through value-add renovations across the majority of the assets in the portfolio, along with the high-value major employers that can be found in the Tahoe-Reno Industrial Center (TRI Center), made for an extremely attractive acquisition." Blomsterberg, Ryan Rife and Daniel Winrod represented the seller and procured the buyer. "Over the past five years, the Reno-Sparks region has experienced a rapidly evolving landscape of business development and employment opportunities, and this trend is projected to continue," added Rife. "Tesla, Apple, Google, Amazon, Blockchain LLC, Switch, and Panasonic are only a few of the major employers that have brought thousands of new jobs to the region. Many of these companies are in the TRI Center, the nation's largest industrial park, located just a short drive from the ERGS Portfolio."
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LEV | Hot Stocks17:31 EDT Lion Electric receives order for 50 all-electric school buses - Lion Electric announced that it has received an order for 50 all-electric LionC school buses from Autobus Campeau in the province of Quebec, with deliveries to begin by the first quarter of 2023. The new buses will be used on school routes in the Brownsburg-Chatham, Gatineau and Rigaud regions and are in addition to the LionC which Autobus Campeau has been operating in their school bus fleet since 2016.
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CUE | Hot Stocks17:31 EDT Cue Biopharma director Fletcher acquires 735,000 common shares - In a regulatory filing, Cue Biopharma director Aaron G.L. Fletcher disclosed the purchase of 735,000 common shares of the company on March 31 at a price of $4.76 per share.
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SQ | Hot Stocks17:29 EDT Block says former employee accessed Cash App Investing without permission - On April 4, Block announced that it recently determined that a former employee downloaded certain reports of its subsidiary Cash App Investing LLC on December 10, 2021 that contained some U.S. customer information. While this employee had regular access to these reports as part of their past job responsibilities, in this instance these reports were accessed without permission after their employment ended. The information in the reports included full name and brokerage account number, and for some customers also included brokerage portfolio value, brokerage portfolio holdings and/or stock trading activity for one trading day. The reports did not include usernames or passwords, Social Security numbers, date of birth, payment card information, addresses, bank account information, or any other personally identifiable information. They also did not include any security code, access code, or password used to access Cash App accounts. Other Cash App products and features and customers outside of the United States were not impacted. Upon discovery, the company and its outside counsel launched an investigation with the help of a leading forensics firm. Cash App Investing is contacting approximately 8.2M current and former customers to provide them with information about this incident and sharing resources with them to answer their questions. The company is also notifying the applicable regulatory authorities and has notified law enforcement. The company takes the security of information belonging to its customers very seriously and continues to review and strengthen administrative and technical safeguards to protect the information of its customers. Future costs associated with this incident are difficult to predict. Although the company has not yet completed its investigation of the incident, based on its preliminary assessment and on the information currently known, the company does not currently believe the incident will have a material impact on its business, operations, or financial results.
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SWX | Hot Stocks17:28 EDT Icahn calls recent Southwest Gas board actions 'corrupt' - Carl C. Icahn released the following open letter to the stockholders of Southwest Gas Holdings: "On March 28th SWX issued $400 million of common stock to a handful of handpicked purchasers at $74 per share despite our public offer to pay $82.50 to purchase the entire $400M SWX was offering for sale. That act of selling stock at $74 (less banker fees) to their "friends" destroyed greater than $60 million of shareholder value. SWX's incumbent board and management team have proven over and over that SWX is their company to play with and care nothing for shareholder rights, and basically believe that shareholders are a nuisance and obviously management is accountable to no one. We sent an update to the Delaware Court of Chancery, informing the Chancellor of the share sale and expressing our fear that SWX would seek to move the record date to allow these new shares to be voted at the upcoming annual meeting in order to illegally swing the vote in favor of the incumbents. SWX responded to our note saying, "Plaintiffs' Letter speculates inappropriately about Defendants' motives and possible future events. The Company and its directors are working diligently to protect and enhance the Company's value for its stockholders, and the directors will continue to exercise their informed and independent business judgement to achieve those goals." SWX avoided the question entirely. They could very easily have said (but did not say) "of course we aren't moving the record date." Instead, SWX is playing games and leaving the window open to change the record date to permit these new shares to be voted in the upcoming annual meeting to further entrench themselves and ensure they will not lose the proxy fight. As most of you know, I have been an activist for more than 40 years. I have seen many Boards act not in the interest of shareholders. But I can honestly say I have never seen anything as corrupt as the recent actions. I have never seen a board so blatantly flaunt the basic premise that they have a fiduciary duty to shareholders. It is frankly scary that they will do anything to ensure that they do not lose their election - "Full speed ahead. Shareholder interests be damned. Do whatever it takes. Hopefully it is legal and won't destroy the company but do it anyway." There must be a law somewhere saying that you can't burn $60 million of company money simply to make the chance of winning an election higher."
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AIR | Hot Stocks17:20 EDT AAR Corp. awarded $365M Air Force contract - AAR Government Services has been awarded a $365M firm-fixed-price, indefinite-delivery/indefinite-quantity contract for F-16 Systems Program Office Support at Hill Air Force Base, Utah. This contract provides for F-16 depot work and Service Life Extension Program overhauls. Work is expected to be completed by March 30, 2033. This award is the result of a competitive acquisition. FY21 procurement funds in the amount of $94,873 are being obligated at time of award. Air Force Life Cycle Management Center is the contracting activity.
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MARA | Hot Stocks17:19 EDT Marathon Digital reports Q1 bitcoin production up 556% y/y - Marathon Digital published unaudited bitcoin production and miner installation updates for March 2022. The company produced a record 1,258.6 self-mined bitcoin during Q1 2022, a 556% increase from 191.8 self-mined bitcoin in Q1 2021 and a 15% sequential increase from 1,098.2 self-mined bitcoin in Q4 2021. Marathon Digital also states that it produced 436.1 self-mined bitcoin during March 2022, a 21% increase from the 360.4 self-mined bitcoin during February 2022.
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RCUS... | Hot Stocks17:19 EDT Arcus Biosciences to replace Investors Bancorp in S&P 600 at open on 4/7 - Citizens Financial Group (CFG) is acquiring Investors Bancorp (ISBC) in a deal expected to be completed soon pending final closing conditions.
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ANY | Hot Stocks17:17 EDT Sphere 3D, Gryphon Digital Mining mutually agree to terminate merger pact - Sphere 3D and Gryphon Digital Mining have mutually agreed to terminate their merger agreement announced on June 3, 2021, and as amended on December 29, 2021. After careful consideration by both management teams and their respective boards of directors, the parties amicably agreed to the termination due to changing market conditions, the passage of time, and the relative financial positions of the companies, among other factors. The companies will continue their relationship through the previously disclosed Master Services Agreement, enabling Sphere 3D to leverage Gryphon's expertise in bitcoin mining and Gryphon to generate additional operating income through the management of Sphere 3D's mining fleet. Both companies can now focus on their strategic opportunities to drive growth for their respective shareholders. Sphere 3D's net-carbon neutral bitcoin mining operation continues to grow with 1,000 miners currently operational and the anticipated delivery of 2,000 S19j Pro miners in May 2022 and an additional 2,000 S19j Pro miners in June 2022. Deliveries of the remaining 55,000 S19j Pro miners are expected to be received by year-end 2022. As previously announced, Sphere 3D's mining fleet will remain managed by Gryphon and primarily collocated with Core Scientific. Gryphon continues to roll out its net carbon-neutral bitcoin mining operation, with two-thirds of its 7,200 S19j Pro self-mining operation deployed as of March 31, 2022. The MSA enables Gryphon to earn additional hashrate exposure of 1.35 exahash through the management of Sphere 3D's 6.0 exahash mining fleet, creating Gryphon's expected effective unlevered total hashrate from self-mining and MSA operations of approximately 2.1 exahash of bitcoin mining power by year-end 2022.
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ARNC | Hot Stocks17:03 EDT Arconic names Daniel Fayock chief legal officer - Arconic Corporation has named Daniel Fayock Executive Vice President, Chief Legal Officer and Corporate Secretary. Fayock joins the Arconic Executive Leadership Team and oversees all areas of legal, ethics, compliance and government affairs, as well as provides counsel to the company's leaders and board of directors.
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TISI | Hot Stocks17:02 EDT Team regains compliance with NYSE - Team announced that it received written notification from the New York Stock Exchange, or NYSE, that it has regained compliance with the NYSE continued listing standards.
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MU LMT | Hot Stocks17:01 EDT Micron appoints Fran Dillard as chief diversity inclusion officer - Micron (MU) announced the appointment of Fran Dillard to the role of vice president and chief diversity inclusion officer. Dillard brings more than 20 years of diversity leadership and HR experience to advance the company's diversity initiatives. Dillard was most recently the executive director of global diversity and inclusion enterprise programs, partnerships, and strategic solutions for Lockheed Martin (LMT).
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CARS | Hot Stocks17:01 EDT Cars.com CFO Sonia Jain to resign, Jandy Tomy named interim CFO - Cars.com announced the resignation of Sonia Jain, Chief Financial Officer, effective April 15, 2022. Jain will be leaving the company to pursue a new opportunity with a pre-IPO, venture capital-backed company. "On behalf of the CARS team, I want to thank Sonia for her contributions to the Company and wish her well in her new endeavor. She leaves behind a strong Finance organization and a deep bench of talented Finance executives," said Alex Vetter, Chief Executive Officer of CARS. The company has appointed Jandy Tomy, Vice President and Treasurer, to serve as interim CFO. Tomy has been at CARS since March 2017 and has more than 20 years of public company experience in various financial and accounting roles. She previously served as CARS CFO from Jan. 2020 through June 2020. A nationally-recognized search firm has been retained to fill the permanent CFO position. CARS reaffirms the previously communicated first quarter and annual 2022 outlook made Feb. 24, 2022. Additionally, for the first quarter of 2022, the company reports year-over-year and sequential quarterly growth in Dealer Customers.
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ITT | Hot Stocks16:59 EDT ITT acquires Habonim for $140M in cash - ITT announced it has acquired privately-held Habonim for $140M in an all-cash transaction. Habonim will become part of ITT's Industrial Process segment. The acquisition closed in the second quarter and is expected to be accretive to ITT's consolidated EBITDA margin. Based in Kfar HaNassi, Israel, Habonim is a designer and manufacturer of valves, valve automation and actuation for the gas distribution, biotech and harsh application service sectors. The company's highly differentiated business model allows for the commercialization of a majority of its products through distribution while maintaining its end-user relationships. Habonim also sells directly to original equipment manufacturers and integrators for customized solutions. The company has operations in Israel, the U.S., and the Netherlands and employs over 200 highly skilled professionals globally.
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TLMD | Hot Stocks16:19 EDT SOC Telemed shareholders approve acquisition by Patient Square Capital - SOC Telemed announced that its stockholders approved the acquisition of SOC Telemed by Patient Square Capital at a special meeting. Under the terms of the Agreement and Plan of Merger announced on February 3, SOC Telemed stockholders will receive $3.00 in cash per share of Class A common stock. SOC Telemed expects to announce the consummation of the transaction within the coming days, subject to the satisfaction of certain customary closing conditions set forth in the Merger Agreement. Upon closing of the transaction, SOC Telemed will become a privately held company and SOC Telemed's Class A common stock and warrants to purchase SOC Telemed's Class A common stock will no longer be listed on any public market.
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BURL | Hot Stocks16:18 EDT Burlington Stores CFO John Crimmins to retire - Burlington announced that John Crimmins will retire from his position as CFO on the earlier of August 31 or the date his successor commences employment. Burlington has initiated an external search for a new CFO and, in order to ensure an orderly transition, Crimmins has agreed to provide consulting services at the request of the company through the end of February 2023.
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CCL | Hot Stocks16:17 EDT Carnival up 3% after reporting 'busiest booking week in the company's history' - Carnival Cruise Line said that the one-week period of March 28-April 3 was "its busiest booking week in the company's history, showing a double-digit increase from the previous record 7-day booking total." "The excitement of the industry's restart, our successful return of our entire fleet, the guest reaction to Mardi Gras, our loyal guest response to our 50th birthday this year, the support of our travel advisor partners - and of course, the amazing work of our Carnival team - have all contributed to the strong demand we are seeing, and this record-breaking booking week," said Christine Duffy, president of Carnival Cruise Line. Duffy added that all sales channels, including Carnival.com, travel advisors, the Carnival guest contact center and personal vacation planners all contributed to the record-breaking results. With the restart of cruising in Australia now set, Carnival is finalizing plans for its return in Australia and will be announcing those details soon, the company added. Carnival shares are up 53c, or 3%, to $20.27 in after-hours trading following the announcement.
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ETN | Hot Stocks16:17 EDT Eaton names Heath Monesmith President and Chief Operating Officer - Eaton "announced Heath Monesmith has been named president and chief operating officer of the Electrical Sector, effective July 5, 2022. In this role, he will also have corporate responsibility for the EMEA region and will report to Eaton's Chairman and Chief Executive Officer Craig Arnold. Monesmith most recently served as president and chief operating officer of the Industrial Sector."
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DOOR | Hot Stocks16:16 EDT Masonite names James Pelletier as General Counsel - Masonite announced that James "Jim" Pelletier has joined the company as Senior Vice President, General Counsel and Corporate Secretary, replacing Robert "Bob" E. Lewis. Pelletier joins Masonite from Barnes Group Inc., where he served as Senior Vice President, General Counsel and Secretary.
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MYO | Hot Stocks16:16 EDT Myomo provides update on progress with China JV - Myomo, Inc. provided an update on the status of its joint venture in China and the associated impact on first quarter 2022 revenue. As of March 31, 2022, a portion of the technology license fee from the JV Company, Jiangxi Myomo Medical Assistive Appliance Co. Ltd., has been paid. The company received $1M of the total $2.7M license fee during March, which will be accounted for as revenue during the three months ended March 31, 2022. David Henry, Myomo's chief financial officer, said, "This license revenue is additive to first quarter product revenue, which on March 9, 2022 we stated would be in the range of $2.6 million to $3.0 million. Our joint venture is making tangible progress toward beginning operations, and we expect the remainder of the license fee will be paid during the second quarter. At that point we will begin transfer of the technology and record the remaining $1.7 million as revenue. In anticipation of this final payment, plans are underway to assist joint venture staff in establishing operations for the production and sale of the MyoPro's for individuals in China with upper-limb paralysis."
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BIIB | Hot Stocks16:14 EDT Biogen presents data at AAN highlighting 'real-world evidence' from MS portfolio - Biogenannounced new data from its industry-leading portfolio of multiple sclerosis, MS therapies being presented at the American Academy of Neurology AAN 2022 Annual Meeting. The presentations include new real-world, long-term data on TYSABRI natalizumab as well as persistence and adherence learnings with VUMERITY, diroximel fumarate . Additional presentations highlight the use of digital tools to potentially predict MS disease progression. These data build on ongoing work to advance the understanding and treatment of serious neurological and neurodegenerative diseases, and highlight Biogen's commitment to science that strives to address the diverse needs of people living with MS. "Through our close work with the MS community, we have gained a strong appreciation for the diverse needs of people living with MS and continue to pursue research that is important to patients, including these new data on TYSABRI and VUMERITY," said Maha Radhakrishnan, M.D., Chief Medical Officer at Biogen. "Additional presentations at AAN demonstrate our focus on advancing neuroscience research, including the ambitious work underway through Biogen Digital Health to identify digital health solutions aimed at improving the diagnosis and treatment of neurological conditions."..."This is an exciting time in MS research as we see the confluence of medical and computational science," said Shibeshih Belachew, M.D. PhD., Head of Science, Biogen Digital Health. "These presentations on novel medical image computing tools and advanced algorithmic solutions provide an early vision for predicting disease progression, driving even greater steps toward more precise and personalized care of people living with MS."
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TBPH | Hot Stocks16:08 EDT Theravance Biopharma announces results from Study 0170 - Theravance Biopharma announced results from the second Phase 3 study, Study 0170, assessing the durability of clinical effect of ampreloxetine compared to placebo for the treatment of symptomatic nOH. Study 0170 was a 22-week Phase 3 study comprised of a 16-week open-label period followed by a 6-week double-blind, placebo-controlled, randomized withdrawal period. The primary endpoint of treatment failure at week 6 of the randomized withdrawal period was defined as a worsening of both Orthostatic Hypotension Symptom Assessment Scale question #1 and Patient Global Impression of Severity scores by 1.0 point. The primary endpoint was not statistically significant for the overall population of patients which included patients with Parkinson's disease, pure autonomic failure and MSA. The odds ratio suggests that patients receiving ampreloxetine had a 40% reduction in the odds of treatment failure compared to placebo. The pre-specified subgroup analysis by disease type suggests the benefit seen in patients receiving ampreloxetine was largely driven by MSA patients. An odds ratio of 0.28 was observed in MSA patients indicating a 72% reduction in the odds of treatment failure with ampreloxetine compared to placebo. The benefit to MSA patients was observed in multiple endpoints including OHSA composite, Orthostatic Hypotension Daily Activities Scale (OHDAS) composite, Orthostatic Hypotension Questionnaire composite and OHSA #1. Notably, patients withdrawn to placebo had a clinically relevant decrease in standing blood pressure; there was no decrease for patients remaining on ampreloxetine. While the same benefit was not apparent in patients with PD or PAF, the Company continues to analyze the data to better understand this observation. Throughout the study, there was no indication of worsening of supine hypertension based on 24-hour monitoring. Data suggest that ampreloxetine was well-tolerated and no new safety signals were identified.
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CORT | Hot Stocks16:07 EDT Corcept Therapeutics completes enrollment in GRATITUDE study - Corcept Therapeutics announced completion of enrollment in GRATITUDE, the company's double-blind, placebo-controlled trial of its proprietary, selective cortisol modulator miricorilant as a potential treatment for patients with weight gain caused by antipsychotic medication use. Data will be available in the fourth quarter of this year.
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CSTL | Hot Stocks16:07 EDT Castle Biosciences to acquire AltheaDx in up to $140M deal - Castle Biosciences announced it has signed a definitive agreement to acquire AltheaDx. AltheaDx is a commercial-stage molecular diagnostics company specializing in the field of pharmacogenomics (PGx) testing services that are focused on mental health. IDgenetix is its PGx test for depression, anxiety and other mental health conditions. "As a company, we focus on transforming disease management through the personalized information our innovative tests provide," said Derek Maetzold, Castle's president and chief executive officer. "Similar to our acquisition of Cernostics in December 2021, the pending acquisition of AltheaDx enables us to offer a testing solution that we believe has the potential to accelerate our impact on patient care in an area of high unmet clinical need, significantly expand our in-market expected estimated U.S. TAM to approximately $8 billion and offer incremental value to patients and clinicians over standard of care. Further, this acquisition would enable us to potentially develop a mental health franchise, starting with a test that currently receives Medicare reimbursement for depression." Under the terms of the definitive agreement, AltheaDx will become a wholly owned subsidiary of Castle Biosciences. At closing, Castle will pay $65M in initial consideration to AltheaDx security holders, which will consist of $32.5M in cash, subject to adjustments for cash, debt, transaction expenses and working capital, and $32.5M in common stock of Castle. Further, up to an additional $75M in cash and common stock will be payable in connection with the achievement of certain milestones based on 2022, 2023 and 2024 performance and expanded Medicare coverage for IDgenetix. The transaction is expected to close in the second quarter of 2022, subject to customary conditions to closing. Upon closing of the transaction, the executive management team and other AltheaDx staff are expected to stay with Castle. AltheaDx's laboratory and operations are expected to remain in San Diego.
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SNPS JNPR | Hot Stocks16:06 EDT Synopsys, Juniper close transaction to form a new, separate company - Synopsys (SNPS) and Juniper Networks (JNPR) announced that they have closed a transaction to form a new, separate company that will provide the industry with an open silicon photonics platform to address the growing photonic requirements in applications such as telecom, datacom, LiDAR, healthcare, HPC, AI, and optical computing. The new company's open silicon photonics platform will include integrated lasers, optical amplifiers, and a full suite of photonic components to form a complete solution that will be accessible through a Process Design Kit. The platform will enable a new level of integration at an unmatched price point, with the lowest power consumption for high-performance Photonic Integrated Circuits. The name of the new company will be announced at a later date. The terms of the agreement are not being disclosed at this time. The new company will be jointly owned by Synopsys and Juniper, with Synopsys as the majority owner. The new company's results will be consolidated into Synopsys financials. While Synopsys expects the investment to be slightly dilutive to fiscal 2022 earnings, the investment is not material and will not affect Synopsys' fiscal second quarter and full year 2022 guidance ranges provided on February 16, 2022. There is no change to Juniper's full year financial outlook as a result of this transaction. The new company is being formed, in part, from the carve-out of integrated silicon photonics assets from Juniper, which includes more than 200 patents on photonic device design and process integration. While part of Juniper, the new company has closely collaborated with Tower Semiconductor to develop and qualify Tower Semiconductor's PH18DA process technology to enable the industry's first "laser-on-a-chip" open silicon photonics platform. To demonstrate capabilities of this platform and accelerate customer adoption of the technology, the new company has created 400G and 800G photonics reference designs with integrated lasers and expects first samples to be available in summer 2022.
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NBEV | Hot Stocks16:05 EDT NewAge gets notification from Nasdaq on delayed 10-K - As previously announced, on March 16 NewAge filed a Notification of Late Filing on Form 12b-25 indicating that the filing of its Annual Report on Form 10-K for the fiscal year ended December 31 would be delayed. In addition, on March 31 , the Company filed a Form 8-K indicating that the Company would be unable to file its Annual Report within the 15-day extension. As expected, on April 1 the Company received a letter from Nasdaq stating that, as a result of the delay, the Company is not in compliance with the timely filing requirement for continued listing under Nasdaq Listing Rule 5250.This notification has no immediate effect on the listing or trading of the Company's common stock on The Nasdaq Capital Market; however, if the Company fails to timely regain compliance with the Nasdaq Listing Rule, the Company's common stock will be subject to delisting from Nasdaq.Nasdaq indicated that the Company must submit a plan of compliance within 60 days, or no later than May 31, 2022, addressing how it intends to regain compliance with the Nasdaq Listing Rule and, if Nasdaq accepts the Plan, it may grant an extension of up to 180 days from the original filing due date of the Annual Report, or until September 27to regain compliance. The Company is working diligently and expects to file the Annual Report within the 60-day period described above, which would eliminate the need for the Company to submit a formal plan to regain compliance; however, no assurance can be given as to the definitive date on which the Annual Report will be filed.
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FDMT | Hot Stocks16:03 EDT 4D Molecular doses first patient in 4D-710 trial - 4D Molecular announced that the first patient has been dosed in its Phase 1/2 clinical trial of 4D-710 in patients with cystic fibrosis.
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SEIC | Hot Stocks16:02 EDT SEI names Ryan Hicke as next CEO - SEI announced that Ryan Hicke, Executive Vice President and Chief Information Officer, will become the company's next CEO and a member of its board of directors, effective June 1. Hicke will succeed Founder Alfred West, Jr., who is transitioning to the role of Executive Chairman after successfully leading and growing SEI for more than 50 years. The executive management team, currently reporting to West, will report to Hicke effective June 1. Hicke previously served as a senior vice president, leading SEI's U.K. Asset Management and Private Banking businesses and significantly contributing to the expansion of SEI's global footprint. As chief information officer, he is responsible for SEI's information technology strategy and execution, the company's U.S. investment operations, and leading SEI Sphere, a new business initiative in cyber and data protection services.
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LSF | Hot Stocks16:01 EDT Laird Superfood names Andrew Judd as Chief Commercial Officer - Laird Superfood announced the appointment of Andrew Judd as Chief Commercial Officer. Most recently, he was CMO of Yasso.
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INTU | Hot Stocks14:59 EDT Mailchimp confirms internal tool used to gain access to customer accounts - In an emailed statement, Mailchimp's CISO Siobhan Smyth told The Fly that, "On March 26, our Security team became aware of a malicious actor accessing one of our internal tools used by customer-facing teams for customer support and account administration. The incident was propagated by an external actor who conducted a successful social engineering attack on Mailchimp employees, resulting in employee credentials being compromised. We acted swiftly to address the situation by terminating access for the compromised employee accounts and took steps to prevent additional employees from being affected. We also conducted a robust investigation and engaged outside forensic counsel to understand what happened and the impact. Based on our investigation, we believe that about 300 Mailchimp accounts were viewed and audience data was exported from 102 of those accounts. Our findings show that this was a targeted incident focused on users in industries related to cryptocurrency and finance, all of whom have been notified. We also determined that some accounts' API keys posed a potential vulnerability. Out of an abundance of caution, we disabled those API keys, implemented protections so they can't be re-enabled, and notified affected users. As a result of the security incident, we've received reports of the malicious actor using the information they obtained from user accounts to send phishing campaigns to their contacts. When we become aware of any unauthorized account access, we notify the account owner and immediately take steps to suspend any further access. We also recommend two-factor authentication and other account security measures for our users as added measures to keep accounts and passwords secure. We sincerely apologize to our users for this incident and realize that it brings inconvenience and raises questions for our users and their customers. We take pride in our security culture, infrastructure, and the trust our customers place in us to safeguard their data. We're confident in the security measures and robust processes we have in place to protect our users' data and prevent future incidents."
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XOM | Hot Stocks14:40 EDT Exxon Mobil sees liquids prices to positively impact Q1 by $1.9B-$2.3B vs. Q4 - In a regulatory filing earlier, ExxonMobil has gave a summary of factors management believes will impact Q1 results relative to Q4 2021 results, including the estimate that changes in liquid prices could benefit Upstream earnings by $1.9B-$2.3B and that changes in gas prices could benefit Upstream earnings by up to $400M. The company previewed that its first quarter earnings could total as much as $11B, compared to $8.9B in 4Q21. In the same regulatory filing, ExxonMobil stated: "In light of the ongoing situation in Ukraine and the resulting sanctions on Russia, the company is proceeding with efforts to discontinue operations at the Sakhalin-1 project and is developing steps to exit the venture. As operator of Sakhalin, the company remains focused on the safety of people, protection of the environment and integrity of operations. Depending on the terms of its exit from Sakhalin, the company may be required to impair its investment in the project up to the full book value of Property, Plant and Equipment of $4B." Reference Link
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VWAGY | Hot Stocks13:32 EDT Volkswagen reports U.S. Q1 sales down 28.5% to 64,993 units - Volkswagen of America reports Q1 2022 sales of 64,993 units, down 28.5% from Q1 of last year. Reference Link
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MDT | Hot Stocks13:03 EDT Medtronic announces long-term data from SPYRAL HTN-ON MED trial - Medtronic announced long-term data from the first 80 patients in the SPYRAL HTN-ON MED trial, which were presented at the American College of Cardiology's 71st Annual Scientific Session late-breaking featured clinical research sessions. The data were also simultaneously published in The Lancet. In the first 80 patients of the SPYRAL HTN-ON MED trial, the data demonstrated that patients who were prescribed anti-hypertensive medications and treated with the Medtronic Symplicity Spyral Renal Denervation System continued to show durable, clinically significant blood pressure reductions through three years. At three years: 18.7 mmHg reduction in RDN patients versus 8.6 mmHg in sham for 24-hour systolic ambulatory blood pressure; 20.9 mmHg reduction in RDN patients versus 12.5 mmHg in the sham arm for office systolic blood pressure. The trial also demonstrated procedural and long-term safety with the Symplicity Spyral renal denervation catheter, with zero major device or procedural safety events through three years. Approved for commercial use in more than 60 countries around the world, the Symplicity Spyral renal denervation system is limited to investigational use in the United States, Japan, and Canada. SPYRAL HTN-ON MED is a global, randomized, sham-controlled trial investigating the blood pressure lowering effect and safety of RDN with the radiofrequency-based Medtronic Symplicity Spyral system in hypertensive patients prescribed one to three anti-hypertensive medications. The long-term ON MED data presented at ACC.22 studied the same cohort of patients as the six-month primary endpoint analysis that was previously published in The Lancet in 2018. Medtronic also announced it recently completed randomization for the full cohort of its SPYRAL HTN-ON MED trial and closed enrollment. The full analysis cohort targets up to 340 randomized patients. Medtronic expects the six-month post procedure follow-up for the full cohort will be complete in the second half of calendar year 2022.
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IONS AZN | Hot Stocks12:35 EDT AstraZeneca reports ETESIAN Phase IIb trial met primary, secondary endpoints - AstraZeneca (AZN) announced that the ETESIAN Phase IIb trial showed AZD8233, an investigational antisense oligonucleotide, also known as ION449, met the primary endpoint at 50 mg with 73% reduction in low-density lipoprotein cholesterol, or LDL-C, levels, from baseline. The trial also met the secondary endpoints, including significantly reducing proprotein convertase subtilisin/kexin type 9, or PCSK9, levels by 89%, with sustained reductions maintained over the dosing intervals, and through to week 14 at 50 mg dose. AZD8233 was generally well-tolerated during the treatment duration, the company stated. Mene Pangalos, Executive Vice President, BioPharmaceuticals R&D, AstraZeneca, said: "Today, we are pleased to announce that ETESIAN Phase IIb for AZD8233 demonstrated a clear dose-response for both PCSK9 and LDL-C levels. The results underscore AZD8233's potential best-in-class efficacy profile, and supports its further development as a next generation PCSK9 inhibitor that is easily self-administered monthly." Brett Monia, CEO, Ionis Pharmaceuticals (IONS), said: "The positive results of the ETESIAN study, along with the clinical studies to date, reinforces our confidence that ION449 is a potential new treatment option that may be able to change the current standard of care for patients affected by hypercholesterolemia who have cardiovascular disease." Results from the ETESIAN Phase IIb trial were presented on April 4 at the American College of Cardiology's 71st Annual Scientific Session. Results from the SOLANO Phase IIb trial assessing the safety, efficacy and tolerability of AZD8233 in patients with hypercholesterolemia is anticipated later in 2022, the company stated.
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C | Hot Stocks12:06 EDT Citi enters agreement to sell consumer bank in Bahrain - Citi announced that Ahli United Bank has agreed to acquire Citi's consumer banking business in Bahrain. The transaction, which is subject to regulatory approvals, includes the retail banking, credit card and unsecured lending businesses but excludes Citi's institutional businesses. Citi remains committed to continuing to serve institutional clients in Bahrain locally, regionally and globally. As per the agreement, Citi consumer employees and employees supporting the consumer business will be offered employment from AUB upon close of the proposed transaction. Upon closing, Citi expects the transaction will make a small contribution to the previously announced release of approximately $7 B of allocated tangible common equity over time from the exit of its consumer franchises in 13 markets in Asia Pacific and Europe, Middle East and Africa. AUB was selected by Citi following a competitive auction process. Prior to the closing of the transaction, there will be no change in the services provided to Citi's consumer banking and wealth customers in Bahrain. Closing of the proposed transaction, which is subject to customary regulatory conditions, is anticipated by the second half of 2022.
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GFI | Hot Stocks12:00 EDT Gold Fields falls -8.4% - Gold Fields is down -8.4%, or -$1.35 to $14.77.
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AMR | Hot Stocks12:00 EDT Alpha Metallurgical falls -9.7% - Alpha Metallurgical is down -9.7%, or -$13.04 to $121.80.
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FRGE | Hot Stocks12:00 EDT Forge Global falls -14.4% - Forge Global is down -14.4%, or -$4.26 to $25.42.
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DDL | Hot Stocks12:00 EDT Dingdong rises 17.8% - Dingdong is up 17.8%, or 65c to $4.30.
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TWTR | Hot Stocks12:00 EDT Twitter rises 25.2% - Twitter is up 25.2%, or $9.89 to $49.20.
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JMIA | Hot Stocks12:00 EDT Jumia Technologies rises 27.7% - Jumia Technologies is up 27.7%, or $2.63 to $12.11.
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AZYO | Hot Stocks11:43 EDT Aziyo Biologics Inc trading resumes
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AZYO | Hot Stocks11:33 EDT Aziyo Biologics Inc trading halted, volatility trading pause
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GM | Hot Stocks11:08 EDT Canada announces investment of C$259M in General Motors of Canada - The Honourable Francois-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of C$259M from the Government of Canada in General Motors of Canada Company. "This investment will secure thousands well-paying, high-quality jobs across GM facilities while advancing the electrification of Canada's automotive sector. Today's investment supports GM's more than $2-billion project to reignite production at its Oshawa Assembly Plant, after operations stopped in 2019, and the transformation of its CAMI Assembly Plant in Ingersoll. This transformation will allow GM's CAMI Assembly Plant to become the first full-scale commercial electric vehicle production facility in Canada. GM's first electric commercial vehicle, the EV600, which uses BrightDrop technology, will be brought into production and commercialized at the CAMI plant in Ingersoll by the end of the year," the government's press release stated. Reference Link
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GWGH | Hot Stocks11:07 EDT GWG Holdings trading resumes
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LLL | Hot Stocks11:03 EDT JX Luxventure signs $30M sales agreement - JX Luxventure announced that, on March 31, 2022, Jin Xuan Luxury Tourism Digital Technology entered into and executed a Framework Agreement on Strategic Cooperation with Ragdoll International Trading. Pursuant to the Agreement, Ragdoll will purchase from JX Hainan cross-border pet foods in the amount of up to $30,000,000 to be distributed on the platforms operated by Ragdoll.
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NMRK | Hot Stocks11:02 EDT Newmark acquires real estate advisory firm BH2, terms not disclosed - Newmark Group announces the acquisition of London-based real estate advisory firm, BH2, led by Tony Gibbon. Tony joins with his partners, Dan Roberts, Sam Boreham and Rupert Williams. The acquired BH2 business will operate as Newmark BH2. Gibbon and his partners, Roberts, Boreham and Williams, bring decades of experience specializing in investment sales and purchases, leasing, occupier advisory, development consultancy and strategic asset management. BH2 has handled numerous London landmark trades across disciplines. The BH2 acquisition, which closed April 1, 2022, comes on the heels of recent Newmark expansion announcements inclusive of acquisitions, hires and agreements across key global markets, including France, Germany, Poland, Hungary, Hong Kong, and Dubai, in addition to London, where Newmark had previously acquired retail specialist Harper Dennis Hobbs in 2019.
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BA AL | Hot Stocks11:02 EDT Air Lease adds 32 Boeing 737 MAX jets to orderbook - Boeing (BA) and Air Lease Corp. (AL) announced the aircraft lessor is expanding its airplane portfolio with an order for 32 additional 737-8 and 737-9 jets. "As the travel market recovers, ALC is increasing its 737 MAX family offering to meet airline demand for modern, fuel-efficient and sustainable operations," the companies stated. "Following our memorandum of understanding with Boeing in February for these 32 737 MAX aircraft, we are pleased to announce the signing of this definitive purchase agreement. We believe that the economic and operating advantages of the 737 MAX will serve our airline customers well as they favor modern, fuel efficient aircraft," added John Plueger, CEO and President of Air Lease Corporation.
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GWGH | Hot Stocks10:57 EDT GWG Holdings trading halted, volatility trading pause
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BORR | Hot Stocks10:24 EDT Borr Drilling announces new contracts, extensions for jack-up drilling rigs - Borr Drilling Limited is pleased to announce it has been awarded new contracts and extensions for 5 of its premium jack-up drilling rigs. These awards increase the company's backlog by approximately 2,530 days, excluding optional periods. The premium jack-up drilling rig "Gunnlod" has secured a contract with an undisclosed operator in Southeast Asia. This contract is expected to commence in direct continuation of its current contract. The work will cover 11 wells with an anticipated duration of 186 days plus options. The premium jack-up drilling rig "Mist" had options exercised by PTTEP for a total duration of approximately 3.5 months and it is now expected to remain contracted with the customer until Q4 2022. The premium jack-up drilling rig "Saga" has secured a contract with an undisclosed operator in Southeast Asia. This contract will commence in direct continuation of its current contract and the work will cover a 1-well program with an anticipated duration of 45 days. Additionally, the Company has secured long-term contracts in the Middle East with an undisclosed operator for 2 of its premium jack-up drilling rigs. The contracts have a firm duration of 3 years plus options each and are expected to commence in the second half of 2022. These awards increase the company's contracted fleet to 20 rigs out of a total of 23 delivered rigs. Borr Drilling remains in constructive discussions with its lenders in relation to the deferral or refinancing of its debt maturing in 2023 and expects such discussions to be successfully concluded on or before June 30th, 2022.
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HAS | Hot Stocks10:09 EDT Alta Fox says Hasbro's board expansion 'validates shareholders' concerns' - Alta Fox Capital Management, the beneficial owner of approximately 2.5% of the outstanding shares of Hasbro, addressed the Company's expansion of its Board of Directors ahead of the 2022 Annual Meeting of Shareholders. As a reminder, Alta Fox has nominated five candidates for election to the Board at the Annual Meeting. Connor Haley, Managing Partner of Alta Fox, commented: "We believe Hasbro's decision to initiate what appears to be a defensive and reactionary expansion of its Board validates shareholders' significant concerns about the Company's insular and ineffective corporate governance. Chairman Rich Stoddart and other apparently entrenched directors have chosen to force a costly, distracting and unnecessary election contest rather than collaborate with a sizable shareholder on a credible director refreshment process that would have finally demonstrated that the Company is not being overseen by a clubby, ineffective group installed by Alan Hassenfeld. Our prior settlement proposal, which sought the appointment of one Alta Fox designee and one mutually-selected individual without an unjustifiable expansion of the Board, should signal to all shareholders that we have gone to great lengths to avert a contest and try to start reversing years of irrefutable underperformance. We do not understand how Mr. Stoddart and long-tenured directors that have presided over what appears to be chronic underperformance, ineffective capital allocation, poor disclosures and a flawed strategy could be so arrogant and dismissive of our ideas and slate - especially with the Company's shares trading around a 52-week low. In our view, the Board's desire to continue operating Hasbro like a family business is a flashing red light for change and an obvious indicator that shareholder-appointed directors are needed at the Company. We look forward to filing our proxy statement in the near-term and giving shareholders the opportunity to vote for the right change at the Annual Meeting."
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MGM | Hot Stocks10:01 EDT BetMGM launches online sports betting and iGaming platforms in Ontario, Canada - BetMGM announced the launch of its online sports betting and iGaming platforms in Ontario, Canada. Ontario is BetMGM's first international market and the 23rd overall in which a BetMGM product is available. BetMGM has also established partnerships with legendary Canadian athletes to help reach players across the country. Hockey Hall of Fame member Wayne Gretzky and Edmonton Oilers captain Connor McDavid will appear in BetMGM's upcoming marketing campaigns, in addition to the brand's advertisements featuring Academy Award-winning actor Jamie Foxx and Basketball Hall of Fame member Kevin Garnett.
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JOBY | Hot Stocks10:00 EDT Joby Aviation falls -5.6% - Joby Aviation is down -5.6%, or -36c to $6.11.
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SCO | Hot Stocks10:00 EDT Scor ADR falls -6.1% - Scor ADR is down -6.1%, or -34c to $5.32.
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FRGE | Hot Stocks10:00 EDT Forge Global falls -11.6% - Forge Global is down -11.6%, or -$3.44 to $26.24.
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JMIA | Hot Stocks10:00 EDT Jumia Technologies rises 18.5% - Jumia Technologies is up 18.5%, or $1.75 to $11.23.
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STG | Hot Stocks10:00 EDT Sunlands Online rises 18.7% - Sunlands Online is up 18.7%, or 82c to $5.21.
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TWTR | Hot Stocks10:00 EDT Twitter rises 22.9% - Twitter is up 22.9%, or $9.02 to $48.33.
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AMT | Hot Stocks09:47 EDT American Tower appoints Pieter Nel as CEO for Europe - American Tower Corporation continues to grow in Europe. On April 1, Pieter Nel was appointed CEO for Europe, one of the key markets for the multinational. Pieter has more than 25 years' experience in the telecommunications sector and has spent more than a decade at American Tower, where he has been responsible for the establishment and growth of nine new markets in EMEA as Chief Operating Officer for the region and assumed the role of CEO for Africa in 2018. In his new role, Nel will continue to support American Tower's growth strategy in Europe. Julian Plumstead, who held the position of CEO for Europe for the past three and a half years, will assume a newly created role as Senior Vice President of M&A and Business Development for Europe, Africa and Latin America.
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ARCO | Hot Stocks09:47 EDT Arcos Dorados falls -3.7% - Arcos Dorados is down -3.7%, or -30c to $7.85.
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SCO | Hot Stocks09:47 EDT Scor ADR falls -5.8% - Scor ADR is down -5.8%, or -33c to $5.33.
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FRGE | Hot Stocks09:47 EDT Forge Global falls -6.9% - Forge Global is down -6.9%, or -$2.06 to $27.62.
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BEKE | Hot Stocks09:47 EDT KE Holdings rises 13.4% - KE Holdings is up 13.4%, or $1.88 to $15.89.
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STRY | Hot Stocks09:47 EDT Starry rises 17.1% - Starry is up 17.1%, or $1.36 to $9.31.
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TWTR | Hot Stocks09:47 EDT Twitter rises 22.9% - Twitter is up 22.9%, or $8.99 to $48.30.
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JPM | Hot Stocks09:42 EDT JPMorgan says 'most top holders' support letting Dimon be non-executive Chair - In a regulatory filing, JPMorgan stated: "As part of the annual review of its leadership structure, this year, the Board again considered how shareholders may best be served upon the next management transition. The Board recognizes the support received by a shareholder proposal at the Firm's 2021 Annual Meeting requesting separation of the Chair and CEO roles at the next change in leadership. Following that meeting, the Board asked the Firm to broaden its usual scope of shareholder outreach, with a heightened focus on obtaining feedback on the potential separation of the Chair and CEO roles in the context of CEO succession planning. Ultimately, the Firm received feedback from shareholders across more than 50 engagements, representing approximately half of the Firm's outstanding common stock, and presented the results of the engagements to the Board. While our shareholders recognized the importance of the Board's ability to determine its leadership structure in the context of the current structure, many expressed a general preference for separate Chair and CEO positions. Notably, a substantial majority of those with whom we engaged, including most of our top holders, indicated support for a policy that would enable our current CEO to serve as non-executive Chair at the next leadership transition."
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LEGA | Hot Stocks09:36 EDT Lead Edge Growth Opportunities Ltd trading resumes
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NVX | Hot Stocks09:35 EDT NVX Stock trading resumes
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INPX | Hot Stocks09:32 EDT Inpixon secures contrat with delivery company for smart office app - Inpixon announced that it has contracted with a Fortune 1000-ranked ordering and delivery company to provide Inpixon's smart office app to facilitate the customer's hybrid workplace model and enhance the employee experience. The agreement includes professional services and annual subscription licenses with a total contract value of more than a half a million dollars.
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LEGA | Hot Stocks09:31 EDT Lead Edge Growth Opportunities Ltd trading halted, volatility trading pause
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WEN | Hot Stocks09:30 EDT Wendy's approves increase of $150M in share repurchase authorization - On April 1, the company's board of directors approved an increase of $150M in the company's previously announced share repurchase authorization, expiring in February 2023, to $250M, Wendy's stated in a regulatory filing.
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NVX | Hot Stocks09:30 EDT NVX Stock trading halted, volatility trading pause
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VZ MTCH | Hot Stocks09:27 EDT Verizon's Visible, Match Group announce partnership on Singles Registry - Visible, the Verizon (VZ)-owned all-digital wireless carrier, and Match Group (MTCH) announce a joint effort to celebrate singles this wedding season. With singles too often on the giving end of gift registries, Match Group and Visible are joining forces to create a limited-time Singles Registry where users can sign up to receive gifts and send them to the special singles in their lives. Visible is teaming up with Match Group's portfolio of brands - including Tinder, OkCupid, Plenty of Fish, and Match - to capitalize on a market that has had a bias against singles. Tinder, Match, Plenty of Fish, and OkCupid will also be promoting the campaign across their platforms.
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AHI | Hot Stocks09:27 EDT Advanced Human Imaging concludes formal agreements with BizBaz - Advanced Human Imaging is pleased to update shareholders of the completion of the Master Services Agreement with Singapore based digital health and financial intelligence platform BIZBAZ. The parties have executed the standard AHI MSA which entails the legal and contractual terms in which AHI agrees to grant BizBaz the right to use AHI's licensed Software Development Kits for IOS and Android platforms for body circumference measurements, face scan measurements and related intellectual property once integrated into the BizBaz application/platform. The MSA incorporates the following information and guidelines: commercial undertakings, software development kit, end user license, technology support, data processing agreement, fee schedule and professional services, including implementation support and training services, which are to be provided by AHI within the agreement with BizBaz. The initial term of the MSA is for one year from commencement and will automatically extend for subsequent consecutive periods each of equivalent length to the initial term. Early termination procedures are included for either party to the MSA. The financial impact of this MSA on AHI cannot be currently quantified and there are no minimum order requirements contained in the agreement.
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MVIS NVDA | Hot Stocks09:24 EDT MicroVision appoints Jeffrey Herbst to board of directors - MicroVision (MVIS) announced that Jeffrey Herbst has been appointed to the company's Board of Directors. Herbst spent nearly twenty years at NVIDIA (NVDA) where he built and managed an ecosystem of accelerated computing applications spanning the domains of AI, data science, autonomous machines, and graphics and visualization. He later co-founded GFT Ventures, a venture capital firm focused on investing in early-stage frontier technology companies primarily located in the U.S. and Israel.
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NTNX | Hot Stocks09:22 EDT Nutanix names Mandy Dhaliwal as Chief Marketing Officer - Nutanix announced that it has named Mandy Dhaliwal as Chief Marketing Officer and Shyam Desirazu as Head of Engineering. Each brings more than two decades of experience building and scaling high performing, mission-driven organizations. They will both report to Rajiv Ramaswami, the Chief Executive Officer at Nutanix.
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NEXA | Hot Stocks09:22 EDT Nexa Resources says Vazante resumes operations at full capacity - Nexa Resources is pleased to announce that Vazante has resumed its operations at full capacity following the underground mine dewatering. As previously disclosed, daily production was reduced to 60% of capacity from mid-January 2022 to February, as the underground operation was partially flooded due to heavy rainfall levels in the state of Minas Gerais, gradually improving utilization rates in March, which averaged 70%. During this period, we also took advantage of the opportunity to plan the replacement of our main mill, trunnion, and gear box. The current throughput of Vazante is 4.6 ktpd. The Vazante's zinc production guidance for 2022 remains unchanged at 118-127kt.
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MRNA | Hot Stocks09:22 EDT Moderna launches Moderna Charitable Foundation - Moderna announced the launch of the Moderna Charitable Foundation to promote public health, access to quality healthcare and educational opportunities, particularly in underserved populations. The Moderna Foundation was established by the Moderna Board of Directors, which approved an initial up-front endowment of $50 million. The Foundation and its grant program will focus on charitable programs with a particular emphasis on supporting local and global communities impacted by the pandemic, advancing scientific education and innovation, promoting public health and access to healthcare, and advocating for inclusion and diversity. Today, the Moderna Foundation announced approximately $5 million in initial grants to five local and global nonprofit organizations working to address these areas of need.
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ONTTF | Hot Stocks09:20 EDT Oxford Nanopore says Genomics England expands nanopore use in cancer - Oxford Nanopore has announced the next steps in its collaboration with Genomics England, which is using nanopore technology in an ongoing proof-of-concept project to evaluate the clinical and research applications of comprehensive genomic analysis of cancer tumours. Following successful completion of an initial phase of the project, where Genomics England generated and analysed nanopore sequence data on several hundred tumour samples from across its cancer programme, the next phase will focus in more depth and at larger scale on haemato-oncology, sarcoma and brain tumours. Genomics England researchers will use Oxford Nanopore technology to investigate methylation, SV calling, copy number variant analysis and single nucleotide polymorphism detection in the samples. The work is expected to be performed on PromethION 48 devices, the highest-output nanopore sequencers, capable of running up to 48 flow cells at once and performing all these types of variant analyses simultaneously. Genomics England has one of the world's largest collections of short-read sequence data from matched patient germline and tumour samples, and one key aim of this project is to resolve structural variants and other features and regions of the genome that can be missed by short-read sequencing. The team are also able to simultaneously analyse base modifications in the same data set, potentially enabling faster turnaround times critical in clinical care.
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QCOM | Hot Stocks09:20 EDT Qualcomm completes acquisition of Arriver from SSW Partners - Qualcomm announced it has completed its acquisition of Arriver from SSW Partners, enhancing Qualcomm Technologies ability to deliver open, fully integrated, and competitive Advanced Driver Assistance System solutions to automakers and Tier-1 suppliers at scale. As a result of the acquisition, Qualcomm Technologies will incorporate Arriver's Computer Vision, Drive Policy and Driver Assistance assets into its leading Snapdragon Ride Platform portfolio, building on its previous collaboration with Arriver, when owned by Veoneer.
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F | Hot Stocks09:20 EDT Ford reports March vehicle sales of 159,328, down 25.6% - Reports March truck sales of 74,420, down 34.4%. Reports March SUV sales of 81,280, down 9.4%. Reports March electric vehicle sales 13,772, up 16.9%. "While the global semiconductor chip shortage continues to create challenges, we saw improvement in March sales, as in-transit inventory improved 74 percent over February. F-Series had a record 50,000 new retail orders in March, while a record 41 percent of our overall retail sales came from previously placed retail orders. Our newest products continue to turn at a record pace, as Bronco, Bronco Sport, Mustang Mach-E and Maverick had their best combined sales performance yet, with 33,398 vehicles sold. Ford is ready to deliver and positioned well for spring sales growth."- Andrew Frick, vice president, sales, distribution & trucks.
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MTTR | Hot Stocks09:18 EDT Matterport to showcase digital twins at Space Jam event - Matterport announced it will host the next installment of the Matterport Space Jam virtual event series, featuring five of its app developers that are building software solutions on the Matterport platform for retailers. The event will take place on April 28 at 8:30 am PT, offering attendees an opportunity to learn how five Matterport app developers and partners build solutions that enhance the value of Matterport digital twins for retail businesses. During the event, each Matterport app developer will demonstrate its products in respective 5-minute sessions and field questions from attendees. After demonstrations and questions have concluded, attendees can vote on their favorite presentation. The event will feature the following Matterport app developers: GUS - a tool, called Portfolio, that enables retailers to create 3D virtual showrooms and seamlessly integrate e-commerce solutions that are fast and efficient. Living3D - an integrated solution that helps retailers bolster their lead generation, promote their products, and virtually connect to customers. Retail VR - a dynamic platform that creates merchandising simulations and virtual product staging for the retail community. Treedis - a market leader in creating 3D and metaverse experiences, Treedis turns brick-and-mortar retail stores into immersive, virtual experiences with its innovative V-commerce solution. VR Experience by L2IOT - Integrated with a customizable service robot, L21OT is a powerful wayfinding solution to create interactive tours and customer engagement for retailers and large space owners.
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MDGS | Hot Stocks09:17 EDT Medigus announces final airworthiness criteria published by FAA - Medigus announced that ParaZero, a privately held company of which Medigus has a 40% ownership stake, confirmed that leading drone manufacturer, Airobotics, is proceeding towards type certification of its automated drone system after final airworthiness criteria was published by the U.S. Federal Aviation Administration, FAA. The FAA published the final airworthiness criteria for certification of Airobotics' automated drone system, marking an important milestone on to complete the first of its kind regulatory process of type certification in the USA for commercial drones, similar to the extensive testing and validation process required for commercial aircraft. Airobotics' drone system provides an end-to-end automated solution, including capabilities such as automated battery and payload swapping, fully autonomous flight and numerous safety redundancies, including a ParaZero ASTM F3322-18 certified parachute recovery system. As part of the type certification process, the FAA has developed a dedicated pathway for testing reliability and safety, which formed the basis for formulating the flight criterion. Last week, the FAA published the final "Airworthiness" criterion, following public comments, which includes 10 drones from various companies, a number of which are utilizing integrated parachute recovery systems for enhanced safety for urban environment operations. ParaZero's safety technology contains a portfolio of ASTM F3322-18 compliant parachute systems for the DJI Mavic 2, Phantom 4, Matrice 200, Matrice 300, the Airobotics Optimus drone, and a number of others in development. The ASTM F3322-18 standard requires 45 aerial parachute deployments across a number of failure scenarios, in the presence of an approved third-party testing agency.
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RCI | Hot Stocks09:16 EDT Rogers Communications to deploy two more cellular towers along Highway 16 - Rogers Communications announced the company will deploy two more cellular towers as it continues ahead with construction of its wireless service expansion project along Highway 16. Rogers crews started construction on the first of 12 new towers last year that will service the area of highway between Prince Rupert and Prince George known as the Highway of Tears. When completed, the additional two towers will provide 26 km of new wireless coverage along Highway 16 southwest of Hazelton.
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INMB | Hot Stocks09:15 EDT INmune Bio highlights INKmune data in NK Cells in Solid Tumors workshop - INmune Bio highlights key findings from the NK Cells in Solid Tumors workshop. Dr. Mark Lowdell, INmune Bio's Chief Scientific Officer, CSO, led the workshop on the role of NK cells in treatment of solid tumors during the Innate Killer Summit in San Diego. The conference is widely viewed as one of the most important in translational NK cell immunotherapy. Two consistent themes of this year's conference were the importance of memory-like NK cells and the poor in-vivo survival of adoptively transferred allogeneic NK cells, with or without genetic modification. Strategies to improve NK cell "fitness" and improve NK cell metabolism were at the forefront. NK cell dysfunction and poor survival in the recipient and, in particular the TME may be due to damaged mitochondria. Dr. Lowdell observed that INKmune, unlike IL15 and other NK-activating cytokines, simultaneously upregulates all mitochondrial survival proteins and more than 40 nutrient receptors on the NK cell. These unique changes may help INKmune-primed NK cells survive and thrive in the hypoxic immunosuppressive TME. Data from patients treated with INKmune have shown tumor killing memory-like NK cells present in peripheral blood and bone marrow for at least 15 weeks after INKmune therapy and provoked a lot of discussion about whether INKmune can be used in combination with adoptive NK therapies to sustain the memory-like phenotype and increase survival. Dr. Lowdell's presentation underscored the purpose of NK cell immunotherapy for solid tumors is to kill cancer cells in the tumor microenvironment. Dr. Lowdell also discussed therapeutic persistence, the period of time there are adequate numbers of functional tumor killing NK cells in the circulation, most probably a key metric of therapeutic efficiency.
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SRNE VCKA | Hot Stocks09:14 EDT Scilex announces March preliminary March ZTlido gross sales of $8.1M - Scilex Holding Company , a nearly 100% majority-owned subsidiary of Sorrento Therapeutics, (SRNE), announced an increase of 53% year-over-year preliminary unaudited gross ZTlido sales in March. ZTlido sold $8.1 million in March 2022 compared to $5.3 million in March 2021. In 1Q2022, the preliminary unaudited gross sales for ZTlido are approximately $18.4 million, compared to $14.6 million in 1Q2021, representing a growth of 26%. The Scilex commercial team has demonstrated success in expanding access and currently has prioritized and targeted select payor accounts representing approximately 200 million of over 300 million covered lives in the US. Scilex Holding Company and Vickers Vantage Corp. I (VCKA), a special purpose acquisition company sponsored by Vickers Venture Fund VI Pte Ltd and Vickers Venture Fund VI Pte Ltd, entered into a definitive business combination agreement on March 17, 2022. Upon the closing of the transaction, the combined company will be renamed Scilex Holding Company, and its common stock is expected to be listed on Nasdaq under the ticker symbol "SCLX". The boards of directors of each of VCKA, Scilex and Sorrento have unanimously approved the proposed transaction. The closing of the transaction, which is expected to occur by the third quarter of 2022, is subject to the approval of VCKA's shareholders and the satisfaction or waiver of certain other customary closing conditions.
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APPN | Hot Stocks09:11 EDT Appian names Mark Matheos as CFO - Appian announced the appointment of Mark Matheos to the position of Appian CFO, effective as of April 1. He reports directly to Matt Calkins, CEO of Appian. Matheos has more than 20 years of proven financial operations expertise, including over 5 years with Appian, serving most recently as Appian's Chief Accounting Officer. Prior to joining Appian, Matheos worked at several public companies, including NII Holdings, AOL, and Sprint Nextel.
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WWE | Hot Stocks09:11 EDT WWE reports WrestleMania 38 became highest-grossing, most-attended event - WWE announced that WrestleMania 38 became WWE's highest-grossing and most-attended event in company history. It saw 156,352 fans from all 50 states and 53 countries converge on AT&T Stadium in Dallas over the course of two nights, surpassing the previous gate and attendance records set by WrestleMania 32 in 2016.
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STMH | Hot Stocks09:11 EDT Stem Holdings appoints co-founder Cohen as CEO, CFO - Stem announced the appointment of Co-Founder, Matthew Cohen, as Chief Executive Officer, CEO, and Chief Financial Officer, CFO, effective immediately. Cohen wrote, "Dear Shareholders, I, along with our Board of Directors, which now includes two newly appointed members, Daryl Simon and Rajiv Rai, will immediately put into motion a plan to focus all of our resources on operations, which are predominately in Oregon at this time. However, we intend to monetize the Company's assets outside of Oregon and California in order to prioritize future growth and sustainability... Although this letter is to focus on Stem, its current status and our strategy going forward, I also would like to provide a brief introduction of myself. To begin, I co-founded Stem in 2016. Prior to that, I held many corporate leadership roles over the past 4 decades, many of which were keenly focused on investing capital, structuring, and funding public/private companies... At this time, the Company is vertically integrated with 4 cultivation locations in Eugene, Springfield, Hillsboro and Mulino, Oregon... At retail we have five locations under the TJ's brand. TJ's Gardens and Yerba Buena will continue to be our leading consumer product flower brands... We have already begun to take the necessary measures operationally to ensure that we provide our consumers with the highest quality product in the Oregon market... As we move forward, we remain in active discussions to monetize the Companies assets outside of Oregon and our retail location in California continue with respect to strengthening our balance sheet with additional working capital to fund the growth of the business... I, along with the Board of Directors, look forward to implementing our various strategies and continuing to provide our shareholders with updates on our progress going forward."
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JWN | Hot Stocks09:10 EDT Nordstrom reports retirement of chief marketing officer Scott Meden - Nordstrom announced the retirements of Scott Meden, chief marketing officer, and Geevy S.K. Thomas, president of Nordstrom Rack. Nordstrom, Inc. also announced the appointments of Ken Worzel and Jamie Nordstrom to the newly created roles of chief customer officer and chief stores officer, respectively.
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FTNT | Hot Stocks09:10 EDT Fortinet announces release of FortiOS 7.2 - Fortinet announced the release of FortiOS 7.2, the latest upgrades to its flagship operating system and the foundation of the Fortinet Security Fabric. Over 300 new features enhance Fortinet's ability to converge security at every network edge combined with the performance and scale needed to detect and prevent threats across an organization's entire infrastructure.
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IVAC | Hot Stocks09:09 EDT Intevac receives $54M order for multiple 200 Lean systems - Intevac announced the receipt of a $54M order for multiple 200 Lean systems. The order includes eight expanded-module systems, each of which are configured with 28 process chambers for the production of advanced hard disk drive, or HDD, media. Scheduled to ship over multiple quarters beginning in mid-2023, this order will be reflected in the company's backlog at its fiscal first-quarter end of April 2. This order also includes a down payment provision, due in the third fiscal quarter of 2022, which will help fund inventory purchases in support of this significant system build-out.
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STKL | Hot Stocks09:09 EDT SunOpta unveils new headquarters and innovation center in Eden Prairie, Minn. - SunOpta unveiled its new 65,000 square-foot global headquarters and eco-powered innovation center in Eden Prairie, Minn. SunOpta's new home was designed to accelerate the speed of innovation, foster collaboration and model the company's sustainability heritage to positively impact people and the planet. The space, featuring a pilot plant and a research and development center eight times the size of its previous location, will further expand co-manufacturing, private label, ingredient and branded product offerings across all categories. The sustainably-designed, eco-friendly workplace is a key investment to achieving strategic business and growth goals, including doubling the plant-based business by 2025.
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AVDX | Hot Stocks09:07 EDT AvidXchange further invests in HOA industry with appointment of Pizzico as VP - AvidXchange announced its increased focus in the Homeowners Association, HOA, industry with the hiring of Michael Pizzico as Vice President, VP, of the business line. In this role, Michael will be responsible for sales performance as well as leading all strategies, growth and revenue opportunities, and supporting actions including partnerships. "At AvidXchange, we understand that the middle market is unique in that deep domain expertise is highly valued," said Michael Praeger, CEO and Co-Founder of AvidXchange. "Our customers appreciate that we know the industry, and the issues they are facing, which is why investments like this are the right next steps for us in HOA with Michael Pizzico."
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PHG | Hot Stocks09:06 EDT Philips announces results of large-scale analysis of data on CIED infection - Royal Philips announced late-breaking results of a large-scale, real-world analysis of U.S. Centers for Medicare & Medicaid Services, CMS, data on the rates of guideline adherence and associated mortality in patients with CIED infection. Results were presented at the American College of Cardiology's 71st Annual Scientific Session by Sean Pokorney, M.D., Assistant Professor of Medicine at Duke University School of Medicine and member of the Duke Clinical Research Institute. The data demonstrated that approximately 4 in 5 patients are not treated according to HRS/EHRA Class I consensus recommendations and guidelines for CIED infection. Moreover, complete hardware removal within 6 days was associated with a 42.9% lower risk of death compared with patients who did not undergo extraction. The study examined 1,065,549 patients in Medicare in the USA who received a CIED between January 1, 2006 and December 31, 2019. Patients included in the CIED infection group were those that had an implant greater than 12 months old, had a primary diagnosis for infection of a device implant, and had documented antibiotic therapy. "This study highlights the life-threatening nature of device infections and the significant opportunities to improve care in these complex patients. The findings also emphasize the importance of timely diagnosis and complete treatment. Making things better for patients tomorrow will require working with clinicians across various specialties to advance education to help diagnose CIED infections and deliver timely care," said Jonathan P. Piccini, MD., M.H.S., the lead investigator of the study, the Director of Cardiac Electrophysiology section at the Duke Heart Center. "The opportunity to ensure all patients have access to guideline-recommended care is not only imperative, but life-saving for patients across the world."
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ROKU AMZN | Hot Stocks09:06 EDT Roku and Amazon reach multi-year extension on distribution pact, no terms - Roku (ROKU) issued the following statement confirming that it has reached a multi-year extension of its distribution agreement with Amazon (AMZN): "Roku and Amazon have reached a multi-year extension for their distribution agreement. Customers can continue to access the Prime Video and IMDb TV apps on their Roku devices." Terms of the agreement were not disclosed.
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AJG | Hot Stocks09:06 EDT Arthur J. Gallagher acquires Claims Settlement Agencies Ltd, no terms disclosed - Arthur J. Gallagher & Co. announced that its risk management services subsidiary, Gallagher Bassett International Ltd, has acquired Hadleigh, Essex-based third-party claims administrator Claims Settlement Agencies Ltd. Terms of the transaction were not disclosed. Founded in 1990, CSA specializes in handling claims arising from corporate and personal travel, Accident & Health and Personal Accident insurance, and also offers medical screening and policy fulfilment services.
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LMT INTC | Hot Stocks09:05 EDT Lockheed Martin, Intel sign MOU to advance 5G-ready communications - Lockheed Martin (LMT) and Intel (INTC) are leveraging their expertise in technology and communications to bring together innovative 5G-capable solutions, enabling faster and more decisive actions for 21st century security. A memorandum of understanding signed late last year expands the ongoing strategic relationship between the two companies to align 5G-enabled hardware and software solutions for the Department of Defense.
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CRKN | Hot Stocks09:04 EDT Crown Electrokinetics receives IP valuation of $94.4M from IP valuation firm - Crown Electrokinetics announced that the Company received the report from a leading third party intellectual property valuation firm providing a valuation of Crown's intellectual property and trade secrets that underlie Crown's technology. Crown's electrokinetic film technology can be applied to multiple product categories, including applications within the commercial building, residential home, and transportation industries. This IP valuation, however, specifically analyzed Crown's technology as deployed in the US-office building market only. If Crown were to assess its IP value in other product categories, or in other geographic markets, Crown's IP value would be even greater than $94.4 million. The IP assets that were valued consist of Crown's patents, associated trade secrets and know how. The valuation conclusions in the private report are based on accepted practices using factual analysis, IP analysis, fair market value (FMV) and investment value standards. The third-party valuation firm utilized data provided by Crown, along with public information and industry knowledge of intellectual property licensing. In addition, the IP Professional reviewed the historical costs as well as expected future revenue as it relates to the assets. Crown's IP valuation indicated a combined patent and trade secret fair market value of $94.4 Million. The deployment of Crown's DynamicTint into multiple clients will be a critical milestone in achieving the Company goals for IP adoption.
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PACB CTVA | Hot Stocks09:04 EDT Pacific Biosciences enters agricultural collaboration with Corteva Agriscience - PacBio (PACB) announced a new collaboration with global agriculture company, Corteva Agriscience (CTVA), to develop custom, end-to-end workflows for plant, pest and microbial sequencing. The project focuses on establishing high-throughput workflows in DNA extraction and library preparation in alignment with the tens of thousands of samples sequenced annually as part of Corteva's seed and crop protection research and production pipelines. "This collaboration will allow us to help Corteva Agriscience characterize complex plant and microbial genomes more efficiently," said Christian Henry, President and Chief Executive Officer of PacBio. "We are proud to provide a sequencing platform to Corteva Agriscience for use in its development of products that help farmers modernize agriculture while driving productivity gains for farmers and resiliency to help solve the problem of feeding the world." The initial phase of the collaboration, aimed for completion in the third quarter of 2022, will be developing the scaled DNA extraction and library preparation workflows to take advantage of the extensive collection of Corteva crop, pest and microbial samples. Upon success in the development of these workflows, the collaboration will look to expand sequencing capabilities alongside the sample preparation workflows.
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ABT | Hot Stocks09:04 EDT Abbott announces FDA approval of Aveir - Abbott announced that the U.S. FDA has approved the Aveir single-chamber leadless pacemaker for the treatment of patients in the U.S. with slow heart rhythms. This marks significant advancement for patient care and brings new, never-before-seen features to patients and their physicians. The Aveir leadless pacemaker is implanted directly inside the heart's right ventricle via a minimally invasive procedure to treat slower-than-normal heart rates. Unlike traditional pacemakers, leadless pacemakers do not require an incision in the chest to implant the device or cardiac leads to deliver therapy.
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PENN | Hot Stocks09:02 EDT Penn National announces launch of theScore Bet in Ontario - Penn National announced that its subsidiary, theScore Bet, has officially launched theScore Bet mobile Sportsbook and Casino in Ontario. TheScore Bet, which is available on iOS and Android devices, went live at 12:01 AM, ET on April 4.
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SPGI MORN | Hot Stocks09:02 EDT S&P Global to sell LCD business to Morningstar for $650M in cash - S&P Global (SPGI) announced it has entered into an agreement to sell its Leveraged Commentary and Data business and its related family of leveraged loan indices to Morningstar (MORN). Morningstar has agreed to purchase LCD for $650M in cash, comprised of $600M paid at closing, subject to adjustment, and a contingent payment of up to $50M of which is payable six months following the closing upon the achievement of certain conditions related to the transition of LCD customer relationships. The transaction is subject to customary closing conditions, including antitrust approvals. LCD is a leading research group that provides highly differentiated and proprietary research on the U.S. and European leveraged loan, high-yield bond, collateralized loan obligation and mid-market/direct lending markets.
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QCRH | Hot Stocks09:02 EDT QCR Holdings appoints Griesemer to board of directors - QCR announced the appointment of John Griesemer to the QCRH Board of Directors, Guaranty Bank's parent company. Griesemer has served as President, Chief Executive Officer of Erlen Group since 2018, and a member of the Erlen Group Board of Directors since 1993.
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KRKNF | Hot Stocks09:02 EDT Kraken Robotics completes RaaS contract with Royal Canadian Navy - Kraken Robotics is pleased to announce that it has completed a Robotics as a Service contract with the Royal Canadian Navy, for testing of Kraken's ultra-high resolution survey equipment. This $0.5 million contract was funded under the government of Canada's Innovative Solutions Canada program, and the testing department for this service offering was the RCN's Fleet Diving Unit Atlantic based in Halifax, Nova Scotia. The RCN has a mandate to develop and maintain an advanced sonar imaging and data storage capability for all three coasts, and to deploy this capability to national and international areas of interest.
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DLB | Hot Stocks08:59 EDT Dolby announces general availability of Dolby.io Transcode API - Dolby Laboratories announced that the Dolby.io Transcode API is moving from beta to general availability. The Dolby.io Transcode API is an API-driven media conversion tool for easily creating high-quality, file-based media workflows, and is designed to help businesses and developers of any level of media experience quickly add video into their apps and services. The Transcode API provides conversion tools for streaming and delivering content over the web, making it easy to get started creating high-quality media for any screen. From developers who need to handle large volumes of user-generated content to businesses with recorded video intended for massive audiences, nearly anyone who processes media can benefit from the Transcode API.
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DGX | Hot Stocks08:56 EDT Quest Diagnostics announces collaboration with IRIS - Quest Diagnostics announced a collaboration with Intelligent Retinal Imaging Systems to deliver diabetic retinal imaging services through designated Quest Diagnostics patient service centers across the United States to aid in screening patients for retinal assessment by a healthcare provider. The collaboration aims to increase convenience and improve screening rates for diabetic retinopathy, the leading cause of blindness in the United States, for members of population health management programs sponsored by health plans.
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WKEY | Hot Stocks08:51 EDT WISeKey says NFT tech helping brands mint luxury watches - WISeKey International Holding announced that it is supporting luxury brands' efforts to NFT their watched as unique, digital assets, unalterably registered on a blockchain, that can be bought and sold like any other product or commodity. The technology also allows brands to acquire NFTs of digital representations of watches without the need to acquire the physical one as millennial consumer freely admit that they prefer a metaverse watch versus a physical mechanical watch. Strong demand for luxury metaverse is expected to grow. Morgan Stanley is predicting a virtual luxury goods market would be worth $50 billion by 2030.
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BUR | Hot Stocks08:47 EDT Burford Capital announces private offering of senior notes - Burford Capital announces the planned private offering of $350 million aggregate principal amount of senior notes due 2030 by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC, subject to market and other conditions. The Notes will be guaranteed on a senior unsecured basis by Burford Capital as well as Burford Capital Finance LLC and Burford Capital PLC, both indirect, wholly owned subsidiaries of Burford Capital. Burford Capital intends to use the net proceeds from the offering of the Securities for general corporate purposes, including the potential repayment or retirement of existing indebtedness.
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SGLB | Hot Stocks08:46 EDT Sigma Labs appoints Jacob Brunsberg as CEO - Sigma Labs announced Jacob Brunsberg, President and COO, has been appointed as CEO of Sigma Labs, effective April 1st. Mark Ruport, Sigma labs' CEO will transition to the role of Chairman of the Board of Directors, replacing John Rice who will continue to serve as a Director. Brunsberg joined Sigma Labs in September 2021 as Senior Vice President and subsequently was promoted to President and COO with responsibility for product direction, strategic relationships, sales, marketing and engineering.
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VEV | Hot Stocks08:45 EDT Vicinity Motor signs distribution agreement with Central State Bus Sales - Vicinity Motor Corp. announced that it has signed a distribution agreement with Central States Bus Sales to offer the Company's full product portfolio, including an initial commitment for 18 demo and stock buses. As one of the largest bus dealers in the country, Central States offers full-service facilities in Missouri, Illinois, Tennessee, Kentucky and Arkansas. The VMC distribution agreement covers 7 states extending from Kentucky to Nebraska providing VMC a significant advantage in this important market. Under the new agreement, Central States will distribute Vicinity vehicles throughout the entire central region. The Vicinity line fills in key transit, EV and shuttle opportunities within Central States' portfolio of vehicles, further enhancing its product offering to current customers while expanding into new market sectors. The agreement includes a commitment to 18 stock and demonstration vehicles.
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VRAR | Hot Stocks08:44 EDT Glimpse Group appoints James Watson as CMO - The Glimpse Group announced the appointment of James Watson as its Chief Marketing Officer. Prior to joining Glimpse, James was the founder of XRTech Marketing, a strategic marketing consulting firm focused on helping XR companies align their products with market needs.
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XOM | Hot Stocks08:44 EDT Exxon Mobil makes Final investment decision on fourth Guyana offshore project - ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company's fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025. "Yellowtail's development further demonstrates the successful partnership between ExxonMobil and Guyana, and helps provide the world with another reliable source of energy to meet future demand and ensure a secure energy transition," said Liam Mallon, president of ExxonMobil Upstream Company. "We are working to maximize benefits for the people of Guyana and increase global supplies through safe and responsible development on an accelerated schedule." Yellowtail production from the ONE GUYANA floating production storage and offloading FPSO vessel will develop an estimated resource of more than 900 million barrels of oil. The $10B project will include six drill centers and up to 26 production and 25 injection wells...ExxonMobil affiliate Esso Exploration and Production Guyana Limited is operator and holds 45% interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30% interest and CNOOC Petroleum Guyana Limited holds 25% interest.
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CCDBF | Hot Stocks08:43 EDT CCL Industries to acquire Adelbras Brazil, terms not disclosed - CCL Industries announced it has signed a binding agreement to acquire privately owned Adelbras Industria e Comercio de Adesivos Ltda. and Amazon Tape Industria e Comercio de Fitas Adesivas, headquartered in Vinhedo near Sao Paolo with an additional operation in Manaus in the Amazon tax free zone. Adelbras is Brazil's second largest producer of adhesive tapes with the majority of sales derived from masking, bonding & packaging applications broadly sold through retailers & distributors to consumers & small businesses under the Adelbras brand name. A smaller proportion is sold for industrial use directly to larger customers, mainly in the durable goods space. Fiscal 2021 sales were $105.2 million with adjusted EBITDA estimated at $18.7 million. The debt free, all cash purchase consideration, subject to customary closing conditions, is approximately $155.4 million; closing is planned for the second quarter of 2022. The new business will largely be reported as part of Avery, with the smaller industrial portion added to CCL Design.
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AREC | Hot Stocks08:42 EDT American Resources increases specialty carbon order book - American Resources Corporation announced that it has expanded its sales commitments for a portion of its specialty carbon stoker products for the second quarter of 2022 by approximately 15,000 tons at a record average price realization in the mid $200 per ton. Tom Sauve, President of American Resources Corporation commented, "Our ability to secure this business for the specialty carbon markets is a testament to the quality of our operations and efforts of our team to identify top-quality assets and position the Company to be the strongest producer in our region. We are continuing to ramp up production at an attractive time to capitalize on the strength in the steel making and specialty carbon markets. During recent customer visits, we were able to showcase the restructuring of our mining complex's which have positioned us to provide strong and growing production, highly specific processing capabilities and inventory, giving them comfort of our ability to deliver for them and at the same time, deliver for our shareholders. To our knowledge, this is the highest price of carbon that has ever been sold from our facilities."
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LUCD PAVM | Hot Stocks08:42 EDT Lucid Diagnostics, PAVmed says updated ACG guideline supports BE screening - Lucid Diagnostics (LUCD) and majority-owned subsidiary of PAVmed (PAVM) announced that a newly updated American College of Gastroenterology ACG, clinical guideline supports esophageal precancer Barrett's Esophagus", "BE screening to prevent highly lethal esophageal cancer EAC utilizing its EsoGuard DNA Test on samples collected with its EsoCheck Cell Collection Device. It also provided an update on, and planned response to, a proposed Local Coverage Determination on molecular testing for esophageal precancer and cancer published by Medicare Administrative Contractor Palmetto GBA's MolDX Program, triggering a comment period in advance of a public meeting...The clinical guideline first reiterates the ACG's long-standing recommendation for esophageal precancer screening in at-risk patients with gastroesophageal reflux disease GERD , commonly known as chronic heartburn, acid reflux, or simply reflux..."Publication of this updated ACG clinical guideline is a critical milestone which has the potential to save many lives by, for the first time, driving widespread screening to prevent esophageal cancer deaths through the early detection of esophageal precancer," said Lishan Aklog M.D., Lucid's Chairman and Chief Executive Officer. "Although, for over a decade, gastroenterology clinical guidelines have recommended esophageal precancer screening in GERD patients with long-established risk factors, very few patients undergo endoscopic screening-making the many thousands of annual esophageal deaths in the U.S. a profound and preventable tragedy. EsoGuard and EsoCheck represent the only 'swallowable, nonendoscopic capsule device combined with a biomarker' currently available in the U.S. to serve as such a widespread screening tool to prevent these tragic deaths." The proposed LCD, which the CMS website explicitly characterizes as a "work in progress" for "public review," outlines criteria that MolDX expects upper gastrointestinal precancer and cancer molecular diagnostic tests to meet. These criteria include active GERD with at least two risk factors, as well as evidence of analytic validity, clinical validity, and clinical utility. ...The publication of the proposed LCD triggers a written comment period which extends until May 14. MolDX will also hold an open meeting on May 10 during which stakeholders and other interested parties will have the opportunity to address the proposed LCD. A final LCD will not be issued until the MAC has had the opportunity to assess and consider these comments.
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RCI | Hot Stocks08:41 EDT Rogers Communications, OVIN launch 5G transportation challenge - Rogers Communications and the Ontario Vehicle Innovation Network have launched a 5G challenge for small and medium enterprises that operate in Ontario to accelerate innovation in the automotive sector. Leveraging the Rogers 5G testbed in the David Johnston Research + Technology Park at the University of Waterloo and working with global leaders including Amazon Web Services, Hexagon's Autonomy & Positioning division and Ericsson, Rogers is bringing together a best-in-class 5G ecosystem to drive the future of transportation technology. As part of the challenge, mobility and transportation SMEs that operate in Ontario, including designers, innovators and strategists, are encouraged to envision how they might use the Rogers 5G network for an innovative and ultra-low latency application, using the benefits of 5G networks, high precision positioning technologies and multi-access edge computing.
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CGAU | Hot Stocks08:40 EDT Centerra Gold enters agreement with Kyrgyzaltyn, Government of Kyrgyz Republic - Centerra Gold announced that it has entered into a global arrangement agreement with Kyrgyzaltyn JSC and the Government of the Kyrgyz Republic to effect a clean separation of the parties, including through the disposition of Centerra's ownership of the Kumtor Mine and investment in the Kyrgyz Republic, the elimination of Kyrgyzaltyn's involvement and interest in the Company, and the resolution of their disputes. Centerra understands that the Agreement has been approved by the Government of the Kyrgyz Republic, including both the Kyrgyz Parliament and the Cabinet of Ministers. The Agreement provides for, among other things, Kyrgyzaltyn transferring to Centerra all of its 77.4 million Centerra common shares for cancellation, representing an approximate 26% equity interest in the Company, for an aggregate purchase price of approximately C$972 million. In satisfaction of the purchase price, Kyrgyzaltyn will receive from Centerra a 100% equity interest in the Company's two Kyrgyz subsidiaries and, indirectly, the Kumtor Mine, plus a cash payment of approximately US$36 million. In connection with the Share Exchange, the Agreement also is conditioned on the full and final release of all claims of the parties, termination of all legal proceedings involving the parties in all jurisdictions with no admissions of liability and payment by Centerra of US$50 million to KGC at closing of the Arrangement on account of an inter-company balance. Subject to the satisfaction or waiver of the conditions precedent to the Arrangement described below, the parties expect the Arrangement to close no later than 90 days following the signing of the Agreement. The Arrangement comprises the following principal elements: Centerra receiving all of its common shares held by Kyrgyzaltyn, representing an approximately 26% equity interest in Centerra, for an aggregate purchase price of approximately C$972 million. Upon receipt, Centerra will cancel the shares surrendered. Kyrgyzaltyn receiving a 100% stake in the Company's two Kyrgyz subsidiaries, Kumtor Gold Company CJSC and Kumtor Operating Company CJSC, and a cash payment of approximately US$36 million, in satisfaction of the purchase price for Kyrgyzaltyn's Centerra common shares. Approximately US$25 million of the cash payment will be withheld by Centerra and remitted to the Canadian tax authorities on account of Canadian withholding tax payable by Kyrgyzaltyn on the Share Exchange and the balance of the cash payment of approximately US$11 million will be paid to Kyrgyzaltyn on closing of the Arrangement. The Kyrgyz Republic and Kyrgyzaltyn assuming all responsibility for the Kumtor Mine, including all reclamation obligations. Full and final releases of all claims of the parties. All environmental, tax and other claims, fines, penalties or proceedings, including all criminal investigations and proceedings, in the Kyrgyz Republic to be withdrawn and terminated to Centerra's sole satisfaction within 45 days of the date of the Agreement. Binding international arbitration proceedings previously commenced by the Company against the Government of the Kyrgyz Republic and Kyrgyzaltyn are to be suspended within two business days following the date of the Agreement and terminated within two business days of the closing of the Arrangement. No further steps are to be taken by the Kyrgyz Republic or Centerra in relation to the proceedings commenced by the Company in the Ontario Superior Court of Justice against Tengiz Bolturuk, a former member of Centerra's Board of Directors, from the date hereof. From the closing of the Arrangement, Centerra will consent to an order setting aside the judgement issued in the Ontario Superior Court of Justice against Mr. Bolturuk on February 15, 2022. Subject to certain conditions and following the withdrawal and termination of the Kyrgyz Proceedings, KGC and KOC will work together with the Kyrgyz Republic to petition the court to dismiss the Chapter 11 proceedings in U.S. Bankruptcy Court for the Southern District of New York, effective as of the closing of the Arrangement. Centerra extinguishing the inter-company balance between Centerra and KGC by paying US$50 million to KGC on closing of the Arrangement and, as to the balance, through an offsetting dividend to be declared by KGC immediately prior to closing of the Arrangement. The resignation from Centerra's Board of Directors of Kyrgyzaltyn's two nominees and the termination of the shareholders agreement between, among others, Centerra and Kyrgyzaltyn. Termination of all agreements entered into by Centerra in respect of the Kumtor Project vis-a-vis Centerra's rights and obligations. Transfer of the Kumtor reclamation trust funds to a Kyrgyz reclamation account held by KGC. There can be no assurance that Kyrgyzaltyn and the Kyrgyz Government will not take unilateral actions which are inconsistent with their obligations under the Agreement or that the conditions precedent to the Arrangement will be satisfied in a timely manner or at all. There can similarly be no assurance that the Arrangement will be approved by Centerra shareholders or the Ontario court, as described below, or that the Arrangement will not be challenged by third parties. If Centerra is unable to complete the Arrangement in a manner that provides for a clean separation from Kyrgyzaltyn and the Kyrgyz Republic, including the termination or withdrawal of Kyrgyz Proceedings to its satisfaction, the Arrangement may not close. Accordingly, there can be no assurance that the Arrangement will be consummated on the terms described herein or at all.
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HES | Hot Stocks08:39 EDT Hess Corp. announces approval for development of Yellowtail offshore Guyana - Hess Corp. announced it has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. Yellowtail, the fourth oil development and the largest on the Stabroek Block, is expected to produce approximately 250,000 gross barrels of oil per day starting in 2025. Yellowtail will utilize the ONE GUYANA floating production, storage and offloading vessel, which will develop an estimated resource base of approximately 925M barrels of oil. Six drill centers are planned with up to 26 production wells and 25 injection wells. Hess' net share of development costs, excluding pre-sanction costs and FPSO purchase cost, is forecast to be approximately $2.3B, of which approximately $210M is expected in 2022, $430M in 2023, $585M in 2024, $390M in 2025 and $295M in 2026.
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AEY | Hot Stocks08:38 EDT ADDvantage announces leadership changes in telecommunications segment - ADDvantage Technologies announced leadership changes at its Triton Datacom and Nave Communications business units. The changes include: Damon Slachter was promoted to President of Triton Datacom. Slachter started his career at Triton Datacom in 2013. Mike Burch was promoted to President of Nave Communications. Burch began his career with Nave in 2004. Reginald Jaramillo Leal, who previously served as President of Telecommunications, overseeing both Triton and Nave, has left the company to pursue other opportunities. Both Slachter and Burch will report to Michael Rutledge, Chief Financial Officer of ADDvantage Technologies.
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HRB | Hot Stocks08:36 EDT H&R Block appoints Paul Clark as VP, technology - H&R Block announced the promotion of Paul Clark to Vice President of Technology. In this role, Clark reports to Chief Information Officer Alan Lowden and leads cloud migration, IT infrastructure, network, telecom, and retail technology. Clark has been with H&R Block for five years and has been instrumental in leading critical aspects of H&R Block's cloud modernization initiatives, a strategic and foundational element of the company's digital transformation strategy.
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EFTR | Hot Stocks08:36 EDT eFfector CMO Patel resigns to pursue new opportunity - eFFECTOR Therapeutics announced that its chief medical officer, CMO, Premal Patel, M.D., Ph.D., has resigned to pursue a new opportunity. Robert Sikorski, M.D., Ph.D., who currently serves as a clinical advisor to the company, will take on an expanded role as senior clinical development advisor while the company conducts an executive search for a new chief medical officer. In addition, Dr. Patel will serve as a consultant to eFFECTOR through September 30, 2022.
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VITL | Hot Stocks08:34 EDT Vital Farms introduces True Blues heirloom blue eggs - Vital Farms introduces True Blues, a specialty carton of beautiful pasture-raised heirloom blue eggs, available now exclusively at select regional Whole Foods Market locations. True Blues is a Certified Humane dozen of entirely blue shell eggs produced with the same animal welfare standards Vital Farms is known and trusted for by people across the country.
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BRAG | Hot Stocks08:34 EDT Bragg Gaming to launch iGaming content in Ontario - Bragg Gaming announced that it has secured content distribution agreements with multiple iGaming operators pursuant to the supplier license it received from the Alcohol and Gaming Commission of Ontario, or AGCO, with several more deals in the pipeline. The agreements contemplate a broad range of its proprietary, exclusive iGaming content and will be announced as Bragg's customers, including several well-known iGaming brands, go live in the newly regulated Ontario iGaming market.
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ACER | Hot Stocks08:34 EDT Acer Therapeutics' EDSIVO granted FDA BTD for vEDS - Acer Therapeutics announced the U.S. Food and Drug Administration, FDA, has granted celiprolol Breakthrough Therapy designation, BTD, in the U.S. for the treatment of patients with COL3A1-positive vascular Ehlers-Danlos syndrome, vEDS. BTD is a process designed to expedite the development and review of drugs that are intended to treat a serious condition and preliminary clinical evidence indicates that the drug may demonstrate substantial improvement on at least one clinically significant endpoint over available therapy. "With no currently approved treatments for vEDS anywhere in the world, this designation by FDA marks an important step forward in support of our goal to provide treatment options like EDSIVO to rare disease patients, who are often overlooked or underserved," said Adrian Quartel, MD, Chief Medical Officer of Acer. "We look forward to continuing our discussions with FDA, through the SPA process, to seek agreement on the protocol design of the proposed pivotal Phase 3 DiSCOVER trial that we plan to initiate by the end of Q2 2022 once agreement is reached."
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VMEO | Hot Stocks08:32 EDT Vimeo appoints Munson as Chief Financial Officer - Vimeo announced the appointment of Gillian Munson as Chief Financial Officer, effective immediately. Gillian brings 30 years of finance and operational experience in the technology industry. Gillian will report to Vimeo Chief Executive Officer Anjali Sud and oversee all corporate finance, accounting, investor relations and administrative functions. Gillian most recently served as CFO at Iora Health, where she oversaw the company's financial management and strategy. Vimeo's outgoing CFO Narayan Menon will remain available to the company as an Executive Advisor through the end of 2022.
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GENI | Hot Stocks08:32 EDT Genius Sports obtains regulatory approval for Ontario launch - Genius Sports announced that it has obtained regulatory approval from the Alcohol and Gaming Commission of Ontario, or AGCO, enabling the company to launch with partners from day one of the Ontario online market opening.
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ASC | Hot Stocks08:31 EDT Ardmore Shipping announces sale and time-charter back of vessels - Ardmore Shipping announced that it has agreed terms for the sale of three 2008-built MR product tankers to Leonhardt & Blumberg for an aggregate price of $40M. Following completion of the sales and the prepayment of financing associated with the vessels, the transaction will generate net cash of approximately $15M to Ardmore, which will be used for general corporate purposes. Immediately following the completion of the sales, which are expected to take place in the second quarter, Ardmore will time charter each vessel from Leonhardt & Blumberg for a minimum of two years. Completion of each of the vessel sales is subject to the satisfaction of certain conditions, including, for one vessel, a proposed closing date currently in advance of the current purchase lease option exercise date for that vessel.
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PCVX | Hot Stocks08:31 EDT Vaxcyte doses first participants in Phase 2 portion of VAX-24 Phase 1/2 study - Vaxcyte announced that the first participants were dosed in the Phase 2 portion of its ongoing Phase 1/2 clinical study evaluating VAX-24 for the prevention of invasive pneumococcal disease, IPD, and pneumonia in adults. The initiation of the Phase 2 portion of the study in healthy adults 50 to 64 years of age occurred after the independent Data Monitoring Committee completed a prespecified review of Phase 1 safety and tolerability data and recommended that the study progress as planned. The Company expects to announce topline safety, tolerability and immunogenicity results from both the Phase 1 and Phase 2 portions of the VAX-24 study by the end of 2022. "Moving forward with the larger Phase 2 portion of the VAX-24 Phase 1/2 study is an exciting step toward delivering potential clinical proof-of-concept data for our lead, 24-valent PCV candidate," said Grant Pickering, Chief Executive Officer and Co-founder of Vaxcyte. "We developed VAX-24 with the intent of improving upon the standard-of-care pneumococcal vaccines by delivering the broadest spectrum PCV and we look forward to announcing the topline safety, tolerability and immunogenicity results from both the Phase 1 and Phase 2 portions of this study by the end of this year."
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PHIL | Hot Stocks08:29 EDT PHI Group signs agreement with Ngoc Thien Phu Rice Export Import JSC - PHI Group announces that Vietnam-based Ngoc Thien Phu Rice Export Import JSC has signed an agreement with PHI Group to participate in PHILUX Global Food Fund, PGFF. According to the agreement, NTP will contribute a mutually agreed amount of capital for the setup and initial operating budget of the PGFF and hold 49% ownership of the general partners' portion of this fund. PGFF will focus on food and food-related agricultural investment opportunities in Vietnam and other countries as well. NTP has engaged Swiss-based Buhler Group to build the first-ever state-of-the-art European-standard factory in Vietnam, also the biggest one in the Southeast Asia region, for processing various high quality clean rice products which are highly sought after in many countries. NTP has registered with the US FDA for exporting its products to the US market, and the company has also secured other certifications to make its agricultural products available in the European and Middle East markets. Henry Fahman, Chairman and CEO of PHI Group, Inc. stated: "We are delighted to collaborate with NTP in this program and believe by capitalizing on our combined experience and networks we are well positioned to serve the needs of agricultural development in Vietnam and other nations as well as create significant enduring benefits for both companies, for our shareholders and all other stakeholders. In addition, we will assist NTP to list its stock on the U.S. Nasdaq Stock Markets in the near future."
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ALLIF | Hot Stocks08:29 EDT Atlantic Lithium appoints Canaccord Genuity as financial advisor - Atlantic Lithium announces the appointment of Canaccord Genuity Limited as the Company's financial advisor. In recent months, Atlantic Lithium has received unsolicited enquiries from multiple parties interested in acquiring all or part of the Company and/or its assets. Canaccord Genuity Limited will assist in evaluating the merit of these enquiries. The Company is also independently considering a potential secondary listing on the Australian Stock Exchange.
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LXRX | Hot Stocks08:27 EDT Lexicon welcomes new guidelines for management of heart failure - Lexicon Pharmaceuticals welcomes new guidelines for the management of heart failure issued jointly this past weekend by the American Heart Association, AHA, the American College of Cardiology, ACC, and the Heart Failure Society of America, HFSA. The guidelines now recommend the use of SGLT2 inhibitors in the prevention and treatment of heart failure with the highest-level recommendations among classes of therapy in each category. The guidelines recommend SGLT2 inhibitors for the treatment of heart failure with reduced ejection fraction with a recommendation equivalent to preexisting standard-of-care classes of therapy and for the treatment of heart failure with mildly reduced ejection fraction and heart failure with preserved ejection fraction with a recommendation stronger than for any other class of therapy. In support, the guidelines specifically cite clinical trials of two selective SGLT2 inhibitors recently approved for heart failure and the SOLOIST-WHF study of dual SGLT1 and SGLT2 inhibitor sotagliflozin in patients admitted for worsening heart failure. The guidelines also highlight the need to improve optimization of medical therapies during heart failure hospitalizations.
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SOLO | Hot Stocks08:27 EDT ElectraMeccanica announces New York drive event - ElectraMeccanica Vehicles announced the Company will host a drive event on April 13-14, 2022 in New York, New York, at Hudson Yards. The Company will provide the opportunity to test drive their flagship SOLO EV along with the availability to meet with senior management. Kevin Pavlov, CEO of ElectraMeccanica, commented, "I am looking forward to our upcoming drive event where we will be bringing our three-wheeled, single-seat SOLO production vehicles to the wonderful city of New York for the first time. One of the most exciting aspects of my job today is the ability to share the SOLO experience with all our stakeholders and I am eager to provide those in the New York metro area with the ability to join me in experiencing the SOLO EV."
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ARRY | Hot Stocks08:26 EDT Array to supply advanced tracker technology for solar storage project in US - Array Technologies announced it has entered into an agreement to supply nearly 1GW of DuraTrack HZ v3 single-axis solar trackers for the Gemini solar project. The project will store over 1.4 GWh of solar power and is estimated to be worth more than $1B. Kiewit Power Constructors is serving as the engineering, procurement and construction firm on the project. "As solar energy accounts for an increasing portion of the world's electricity supply, energy storage will play a crucial role in optimizing renewables and ensuring power is available during periods of peak demand," said Travis Rose, Chief Revenue Officer at Array Technologies. "Project Gemini is historic for its size and scale, and we are well-positioned to optimize it for maximum energy generation while limiting installation time, LCOE and maintenance requirements." Array's trackers are scheduled to begin deliveries in Q2 of 2022 with project completion planned for the end of 2023. The project site will be located on Bureau of Land Management land in Overton, NV, 30 miles Northeast of Las Vegas, and will supply power to Nevada Energy, a public utility which generates, transmits, and distributes electric service in northern and southern Nevada.
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ATAX | Hot Stocks08:26 EDT America First Multifamily Investors effects 1-for-2 reverse unit split - America First Multifamily Investors announced that its previously announced 1-for-3 reverse unit split of its beneficial unit certificates representing assigned limited partnership interests became effective after market close on April 1, 2022. The Partnership's BUCs will commence trading on a split-adjusted basis as of market open on April 4, 2022. The BUCs will continue to trade on the Nasdaq Global Select Market under the symbol "ATAX." In connection with the Reverse Unit Split, the CUSIP number for the BUCs changed to 02364V 206. As a result of the Reverse Unit Split, holders of BUCs received one BUC for every three BUCs owned at the close of business on April 1, 2022. All fractional BUCs created by the Reverse Unit Split were rounded to the nearest whole BUC, with any fraction equal to or above 0.5 BUC rounded up to the next higher BUC, as provided by the Partnership's limited partnership agreement. Immediately prior to the Reverse Unit Split, there were 66,049,908 BUCs issued and outstanding, and immediately after the Reverse Unit Split the number of issued and outstanding BUCs decreased to approximately 22,016,636. There is not expected to be any direct economic consequence to the Partnership or its unitholders from the Reverse Unit Split. The Reverse Unit Split will affect all BUC holders proportionally and will not alter any BUC holder's percentage interest in the Partnership's capital, except to the extent that the Reverse Unit Split would result in some BUC holders owning a fractional BUC. The Partnership pursued the Reverse Unit Split primarily to increase the BUC price on the Nasdaq Global Select Market and to make the BUCs more attractive to investors.
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BRTX | Hot Stocks08:23 EDT BioRestorative Therapies announces cGMP manufacturing facility certification - BioRestorative Therapies announced that it has completed testing and certification of its clinical grade cell therapy manufacturing facility. The cGMP manufacturing facility is a three suite ISO 7 certified clean room environment. The facility will support BioRestorative's clinical manufacturing needs for its active Phase 2 clinical trial targeting chronic lumbar disc disease. "Possessing the capability to produce clinical grade therapeutics in-house provides us with valuable quality control and oversight in connection with our Phase 2 clinical trial manufacturing process. The importance of ensuring that BRTX-100 is produced under the defined standards of quality and release criteria cannot be overly emphasized", said Lance Alstodt, the Company's CEO. In addition to supporting the manufacturing needs for the BRTX-100 Phase 2 trial, BioRestorative's facility will also provide clinical production of the Company's pipeline of clinical and investigational cell therapy candidates.
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TTMI | Hot Stocks08:23 EDT TTM Technologies' RF&S business releases Xinger brand couplers - TTM Technologies Radio Frequency & Specialty Components business unit has expanded its Xinger brand coupler product offering as part of its continued investment in new product development, maintaining its market leading position by anticipating customer demands for superior performance, small form factors and lowest overall cost solution with industry standard Xinger brand reliability. Covering sub-6GHz 5G bands from 1.7GHz - 6.3GHz; the X4C20J1-03G, X4C25J1-03G, X4C35J1-03G, X4C45J1-03G, and X4C55J1-03G Xinger brand high power couplers perform at or above our customers' RF performance demands for small form factors. Measuring 2mm x 1.6mm , these new products leverage proprietary TTM materials and deliver a new industry performance standard with very low insertion loss and 5W power handling.
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CBAY | Hot Stocks08:22 EDT CymaBay announces publication of results from a Phase 2 study of seladelpar - CymaBay Therapeutics announced that results from the Phase 2, 52-week study of seladelpar in patients with primary biliary cholangitis, PBC, have been published in the Journal of Hepatology. This 52-week, phase 2, dose-ranging, open-label study examined the efficacy and safety of seladelpar, a selective peroxisome proliferator-activated receptor-delta agonist, in adults with PBC who were receiving or intolerant to first-line therapy with ursodeoxycholic acid. Eligible patients were enrolled with a minimum serum alkaline phosphatase levels of 1.67 times the upper-limit-of-normal, U/L, and which were on average in excess of 318 U/L. Seladelpar was administered orally once daily at 2 mg, 5 mg or 10 mg for 12 weeks, after which doses could be increased up to 10 mg if needed to improve treatment response. Cirrhosis was present in 21% of patients; 71% had pruritus. An interim primary efficacy analysis of ALP change from baseline at Week 8 found that seladelpar treatment provided 26%, 33%, and 41% reductions for the 2 mg, 5 mg and 10 mg doses, respectively. Responses were maintained or improved at Week 52 which included dose escalation in 91% and 80% of the 2 mg and 5 mg cohorts, respectively. At Week 52, the composite biochemical response rates were 64%, 53%, and 67%, and ALP normalization rates were 9%, 13%, and 33% in the 2 mg, 5 mg, and 10 mg cohorts, respectively. The pruritus visual analog scale score was also decreased in the 5 mg and 10 mg cohorts. There were no treatment-related serious adverse events, AEs, and 4 patients discontinued due to AEs. A companion manuscript of results from this study were also published in the journal Liver International. It reported the effects of seladelpar treatment on patient reported symptoms of pruritus, sleep and fatigue through one year of treatment. CymaBay is currently enrolling RESPONSE, a global phase 3 study of seladelpar in patients with PBC that is intended to confirm these results. Seladelpar's development program also includes ASSURE, a global phase 3 long-term study that is expected to contribute safety and efficacy data on more than 300 patients treated with seladelpar.
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CLVR | Hot Stocks08:22 EDT Clever Leaves ready to export dried flower from Colombia - Clever Leaves Holdings announced that after the issuance of Joint Resolution 539 of 2022 by the Colombian Government, it is ready to begin taking advantage of this regulatory framework and expects to export milled cannabis flower by Q3 of 2022 and high THC flower before the end of the year. The Resolution details the process and requirements for exports of medical cannabis flowers and cannabis derivatives and marks the completion of the required regulatory framework. Having already exported cannabis flower from its Portuguese facilities and understanding its nuances and complexity, Clever Leaves decided to start working on product development and on the regulatory pathways more than six months ago and is now ready to benefit from the regulatory change. The company has been able to successfully produce high THC cannabis flower in the Research and Development phase and expects the first exports before the end of the year. Similarly, after having grown milled flower for extraction for over 4 years, the company is ready to export this product now that the regulation is finalized. The company intends to leverage its European Union Good Manufacturing Practices and Good Agriculture and Collection Practices to facilitate its entrance to global markets. The company has signed commercial agreements in its target markets and expects to be fulfilling them by end of the year. It also plans to launch Colombian flower in Germany through its wholly owned subsidiary Clever Leaves Germany GmbH that has successfully been commercializing the company's IQANNA brand.
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STRR | Hot Stocks08:21 EDT KBS Builders wins $9M contract to manufacture four dormitories - Star Equity Holdings announced that its KBS Builders business has signed an approximately $9M contract to manufacture 72 modules for the construction of 4 new dormitories for a college in New England. This project is the largest contract in KBS's history and launches KBS's expansion into the student housing segment. Production is expected to commence in the second quarter of 2022.
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CNNEF | Hot Stocks08:20 EDT Canacol Energy says gas sales averaged 189 MMscfpd for March - Canacol Energy is pleased to provide the following information concerning its March 2022 natural gas sales and near term drilling plans. Gas sales averaged 189 MMscfpd for March 2022: Realized contractual natural gas sales were approximately 189 million standard cubic feet per day for March 2022. Currently drilling Chirimia 1 sidetrack: The Corporation is currently drilling the Chirimia 1 sidetrack well with the objective of reestablishing gas production from the Cienaga de Oro sandstone reservoir. Chirimia 1 was drilled in 2018, and subsequently experienced mechanical issues which have prevented the well from being produced since 2019. The Corporation anticipates completing the operation and placing the well onto permanent production in mid April 2022. Upon completion of the Chirimia 1 sidetrack the rig will mobilize to drill the Cornamusa 1 exploration well. This well will target CDO reservoir sandstones in a faulted anticlinal closure defined on 3D seismic. The prospect also exhibits a signature AVO response indicative of the potential for the presence of natural gas in the reservoir sandstones. The Corporation anticipates that the Cornamusa 1 well will take approximately 5 weeks to drill, complete and test.
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ENPH | Hot Stocks08:19 EDT Enphase Energy expands manufacturing capacity with Flex in Romania - Enphase Energy announced today that it has expanded its nearly 15-year relationship with global diversified manufacturer Flex. Starting in the first quarter of 2023, Flex's factory in Timisoara, Romania will begin manufacturing Enphase microinverters for the European market, addressing the region's rapid growth and demand for residential solar due to rising energy prices and the increased adoption of electric vehicles, EV, and heat pump technology. The new manufacturing site in Romania enables Enphase Energy to increase global capacity and improve delivery times to its customers in Europe. More clean energy technology like solar and batteries across the continent will provide greater energy security for consumers as the dependence on fossil fuels continues to decline. "This is a transformational moment for clean energy in Europe and across the globe," said Badri Kothandaraman, president and CEO of Enphase Energy. "Policymakers are setting ambitious new targets to help accelerate the transition to a more electrified future, and we expect to help meet the growing demand with our leading solar, battery, and EV charging solutions. I want to thank Flex for being such a strong partner in our global manufacturing strategy and supporting our efforts to better serve our customers while maintaining our product quality."
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DLHC | Hot Stocks08:18 EDT DLH Holdings achieves ISO 27001 certification - DLH Holdings announced it has achieved ISO (International Organization of Standardization) 27001 certification. The accreditation indicates that DLH operates an information security management system that conforms to the rigorous requirements of ISO/IEC 27001:2013, the only internationally recognized certifiable information security standard. The scope includes the Information Security Management System supporting DLH's underlying operations and Infinibyte Cloud, the company's PaaS cloud computing offering. The certificate was awarded following an extensive audit process that examined the company's information security risk, controls, and management processes.
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KIDS | Hot Stocks08:18 EDT OrthoPediatrics announces acquisition of MD Orthopaedics - OrthoPediatrics announced the acquisition of MD Orthopaedics, including its bracing product lines and the patented Mitchell Ponseti Ankle-Foot Orthosis, AFO, system for the treatment of clubfoot. OrthoPediatrics will acquire MD Orthopaedics in a transaction valued up to $19.6M. Under the terms of the agreement, OrthoPediatrics will acquire MD Orthopaedics for an upfront cash payment of $8.2M and $8.9M in company stock, with an additional $2.5M in restricted stock which vest after three years. MD Orthopaedics is a privately held orthopedic device company that has developed and commercialized a custom fit bracing system that has supported the dissemination of the Ponseti Technique - the gold standard treatment for clubfoot. David Bailey, Chief Executive Officer of OrthoPediatrics, commented, "We believe MD Orthopaedics will be a springboard for our expansion into pediatric orthopedic non-surgical treatments for kids and further supports our mission of helping children living with orthopedic conditions. The addition of non-operative specialty bracing systems advances our growth strategy of providing a broad product portfolio uniquely designed to treat children while surrounding pediatric orthopedic surgeons with the most comprehensive product offering in the market."
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DDD | Hot Stocks08:18 EDT 3D Systems introduces SLA 750 stereolithography printer - 3D Systems announced the SLA 750 stereolithography additive manufacturing solution. Designed to address large format or high volume production applications, the solution comprises the SLA 750 and SLA 750 Dual - the first synchronous, dual-laser stereolithography printer - as well as the company's new Accura AMX Durable Natural material and the PostCure 1050 post-processing system. The solution is optimized for cost-effective SLA batch part production at up to twice the speed and triple the throughput of other available stereolithography solutions. Additionally, the entire solution can be seamlessly integrated into the factory floor through the power of the Oqton Manufacturing OS. The result is a first-of-its-kind solution to deliver large, production resin parts and batch part production for industries such as transportation & motorsports, consumer technology & durable goods, manufacturing services, aerospace, and healthcare.
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VRSK | Hot Stocks08:17 EDT Verisk Analytics assembles Climate Advisory Council - Verisk has formed the Verisk Climate Advisory Council. Council members will provide strategic guidance and feedback on climate change solutions Verisk is developing, such as the climate conditioning of the company's extreme event models, and present research, specific to each members' specialty area, regarding the evolving state of climate change. The ongoing research by the experts on this council will help ensure that Verisk is well-informed on the latest climate change research and analyses to help drive its development of industry-leading products and services. The Verisk Climate Advisory Council is currently comprised of the following climate experts: Dr. Cindy Bruyere is the Director for the Capacity Center for Climate and Weather Extremes at the National Center for Atmospheric Research. Dr. Henk Dijkstra is a professor of dynamical oceanography at the Institute for Marine and Atmospheric research Utrecht and the Director of the Centre for Complex Systems Studies at Utrecht University. Dr. Kenneth E. Kunkel is a research professor of atmospheric sciences at North Carolina State University and lead scientist for assessments with the North Carolina Institute for Climate Studies. Dr. Park Williams is an associate professor in the Department of Geography at the University of California, Los Angeles.
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AZYO | Hot Stocks08:16 EDT Aziyo Biologics files 510(k) premarket notification to FDA for CanGaroo - Aziyo Biologics announced the Company has filed a 510(k) premarket notification to the U.S. Food and Drug Administration, FDA, for CanGaroo RM Antibacterial Envelope, its next-generation biomaterial envelope for use with implantable electronic devices, IED. Aziyo Biologics is a commercial-stage regenerative medicine company focused on creating the next generation of differentiated products and improving outcomes in patients undergoing surgery. With this 510(k) submission, the Company intends to bring to the U.S. market a version of its existing FDA-approved CanGaroo envelope enhanced with the antibiotics Rifampin and Minocycline in dissolvable polymer rings. The addition of antibiotics to the biomaterial envelope is designed to reduce the risk of bacterial colonization. "The 510(k) submission for our next-generation CanGaroo envelope marks a significant milestone towards our vision of delivering the best possible post-operative outcomes for patients receiving implantable electronic devices such as pacemakers and defibrillators," said Ron Lloyd, Chief Executive Officer. "I'm proud of the Aziyo team for their commitment to reaching this critical step in advancing CanGaroo in order to provide a new solution to electrophysiologists and their patients. We look forward to working through the FDA review process towards our goal of clearance in the U.S. market."
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DKNG | Hot Stocks08:15 EDT DraftKings, Mashantucket Pequot Tribal Nation expand relationship - DraftKings and the Mashantucket Pequot Tribal Nation announced they have agreed to a deal to expand their relationship and pave the way to offering the DraftKings online and retail sports betting experience in Puerto Rico, subject to applicable licenses and regulatory approvals being obtained. The announcement comes following Foxwoods and DraftKings having successfully launched sports betting and iGaming in Connecticut on October 19, 2021. The DraftKings retail sportsbook will be located inside the Foxwoods El San Juan Casino and is expected to open in the coming weeks, pending receipt of applicable licenses and regulatory approvals. Once complete, the space will feature a massive video wall, bar and dining services, two over the counter ticket windows and six betting kiosks. In January 2021, the Mashantucket Pequot Tribal Nation and Foxwoods announced plans to reopen the iconic El San Juan Casino as the "Foxwoods El San Juan Casino". The redevelopment of the luxurious casino destination included $137.5 million in resort enhancements, including the reopening of the renowned Tropicoro entertainment venue. In addition to online and retail sports betting, DraftKings will have the opportunity, pending receipt of applicable licenses and regulatory approvals, to provide customers in Puerto Rico with its legacy daily fantasy sports product, which is currently available in 44 states in the United States and operational in six countries internationally.
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GE | Hot Stocks08:14 EDT GE Healthcare receives FDA pre-market approval for Et Control software - GE Healthcare announced the FDA pre-market approval, or PMA, for its End-tidal, or Et, Control software for general anesthesia delivery on its Aisys CS2 Anesthesia Delivery System. GE Healthcare is the only manufacturer approved to offer general anesthesia delivery with end-tidal concentration control in the U.S. The company initially released the technology in Europe in 2010 and today, anesthesia providers use Et Control software to care for patients in over 100 countries.
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ALGS | Hot Stocks08:13 EDT Aligos Therapeutics selects ALG-097558 to advance inro development - Aligos Therapeutics announced that it has selected ALG-097558, a broad spectrum coronavirus protease inhibitor, as its drug candidate to move forward into development. The program is part of the collaboration and license agreement with KU Leuven, including its Centre for Drug Design and Discovery, CD3, a drug discovery unit and investment fund of KU Leuven, and the Rega Institute for Medical Research. "Despite the progress that vaccines have brought to combating the global COVID-19 pandemic, there remains an ongoing need for an orally administered potent antiviral therapeutic that broadly inhibits diverse strains of SARS-CoV-2 as this virus will continue to generate new variants that can potentially evade vaccine mediate immune responses," said Lawrence Blatt, Ph.D., MBA, Chairman and Chief Executive Officer of Aligos. "The rapid advancement of ALG-097558 as a protease inhibitor that has potent activity against a wide range of coronaviruses highlights our internal and our KU Leuven collaborators' expertise in small molecule development for antiviral indications." ALG-097558 has shown superior potency compared to nirmatrelvir against SARS-CoV-2 and multiple resistant variants in all cell-based assays tested to date. ALG-097558 is 9 to 20-fold more active than nirmatrelvir, depending on the variant. Evaluation against the Omicron variant demonstrates a 10-fold improvement in cell-based potency for ALG-097558 compared to nirmatrelvir. ALG-097558 exerts potent broad spectrum activity against alpha and beta coronaviruses, and its highly conserved target site indicates a high probability that it will retain potent activity against potential future SARS-CoV-2 variants. Projected efficacious doses of ALG-097558 can be achieved in humans without ritonavir boosting. Aligos expects to file a Phase 1 clinical trial application in 2H 2022.
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LNTH | Hot Stocks08:13 EDT Lantheus appoints Jean-Claude Provost as interim CMO - Lantheus Holdings announced the appointment of Jean-Claude Provost, MD, as Interim Chief Medical Officer, effective immediately. Dr. Provost joins Lantheus from his firm, Theranostics Consulting, where he provides research and development, medical and strategic consulting services to pharmaceutical and biotechnology companies and investment firms.
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HII | Hot Stocks08:12 EDT Huntington Ingalls releases Odyssey solutions suite - HII announced the launch of Odyssey, a suite of advanced autonomy solutions that can turn any ship or vehicle in any domain into an intelligent, robotic platform. Odyssey capabilities include multi-vehicle collaborative autonomy, autonomous health monitoring, sensor fusion and perception. The use and applications of unmanned systems are increasing worldwide, performing repetitive and dangerous tasks so humans can focus on the greater mission. Odyssey is currently integrated on naval prototypes under development and has been fielded for more than 6,000 hours on 23 vessel types.
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ALPN | Hot Stocks08:12 EDT Alpine Immune Sciences publishes davoceticept data in Nature Communications - Alpine Immune Sciences announced a publication in Nature Communications on the preclinical development of davoceticept, Alpine's lead immuno-oncology therapeutic candidate uniquely designed to combine PD-L1-dependent CD28 costimulation with dual PD-L1 and CTLA-4 checkpoint inhibition. CD28 is a critical T cell receptor recognized as a principal target of immune checkpoints like PD-1 and CTLA-4. Davoceticept is being studied in two clinical trials, NEON-1 as monotherapy, and NEON-2 in combination with pembrolizumab, in adults with advanced malignancies. Data from NEON-1 will be presented at the upcoming American Association for Cancer Research Annual Meeting in New Orleans on April 12.
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ACHL | Hot Stocks08:11 EDT Achilles Therapeutics to host KOL webcast highlighting TRACERx study - Achilles Therapeutics announced that the Company will host a key opinion leader webcast to discuss the importance and unique utility of the TRACERx study in validating the identification of clonal neoantigens as targets for personalized T cell therapies and to highlight selections from the 31 posters and presentations on the TRACERx study presented at the 2022 American Association for Cancer Research Annual Meeting. Event details: Date: Thursday, April 14, 2022; Time: 10:30am ET / 3:30pm UK.
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CFG ISBC | Hot Stocks08:11 EDT Citizens Financial, Investors Bancorp merger expected to close on April 6 - Citizens Financial Group (CFG) and Investors Bancorp (ISBC) announce that the expected close date of the previously announced merger between the two companies is April 6, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement. Citizens and Investors previously announced that regulatory approval for this merger was received from the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency.
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PHAS | Hot Stocks08:11 EDT PhaseBio: primary reversal endpoint in achieved bentracimab Phase 2b trial - PhaseBio Pharmaceuticals announced the complete results from its Phase 2b clinical trial of bentracimab that were presented on April 2nd during a Late Breaking Featured Clinical Research Presentation at the American College of Cardiology's 71st Annual Scientific Session . The Phase 2b trial was a multi-center, randomized, double-blind, placebo-controlled study, which enrolled a total of 205 older volunteers , with 154 subjects receiving bentracimab and 51 subjects receiving placebo, after all were pretreated with dual antiplatelet therapy composed of ticagrelor and low-dose aspirin. The Phase 2b pivotal trial was conducted concurrently with the company's ongoing REVERSE-IT Phase 3 pivotal trial of bentracimab, as agreed upon with the U.S. Food and Drug Administration following an End-of-Phase 1 meeting in July 2019. Bentracimab is a novel, recombinant, human monoclonal antibody antigen-binding fragment designed to reverse the antiplatelet activity of ticagrelor in patients presenting with uncontrolled bleeding or in need of surgery. The primary efficacy endpoint for the Phase 2b trial was reversal of ticagrelor's inhibition of platelet function in actively treated subjects versus placebo as measured using the point-of-care VerifyNow PRUTest platelet function assay VerifyNow. In the Phase 2b trial, bentracimab significantly restored platelet function within five minutes of administration , as measured by multiple assays including VerifyNow. The reversal results were tightly correlated across all assays used in the study to measure platelet function. VerifyNow is also the primary measurement used to evaluate efficacy in the ongoing REVERSE-IT Phase 3 trial. There were no drug-related serious adverse events or thrombotic events reported in the Phase 2b trial. Overall, bentracimab appeared well tolerated, with subjects reporting only non-serious adverse events. The most-commonly reported adverse events were injection site bruising and headache, with similar rates seen in both the placebo and active-treatment arms. There was no significant difference between bentracimab and placebo for any of the adverse events reported. "The positive data from this Phase 2b trial of bentracimab build on the prior results that have already been published in the New England Journal of Medicine and NEJM Evidence," said Deepak L. Bhatt, M.D., MPH, Executive Director of Interventional Cardiovascular Programs, Brigham and Women's Hospital and Professor of Medicine at Harvard Medical School. "Based on these data, and the other clinical results we have seen to date, bentracimab appears to be a promising option for ticagrelor reversal once it is hopefully approved." T
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AMTX | Hot Stocks08:10 EDT Aemetis acquires $2M property near Keyes ethanol plant - Aemetis announced the acquisition of an 8.5-acre property on Faith Home Road for $2 million, located approximately 1/4 mile from the Aemetis Keyes renewable ethanol plant. The corner property is a strategic location for operations supporting the company's Carbon Zero projects, including dairy renewable natural gas and carbon capture and sequestration/ Sited adjacent to the existing Aemetis biogas pipeline, the property is ideally situated at the southeast intersection of Faith Home Road and Keyes Road, approximately 1/2 mile from California Highway 99, the major north-south route that runs through California's Central Valley. The property is also approximately 1/2 mile from the Union Pacific Railroad. The property's location and level terrain allow for easy access to the Aemetis Keyes facility and major transportation infrastructure. Aemetis has completed construction and is currently commissioning a centralized gas cleanup facility and utility gas interconnect at the Keyes Ethanol plant where dairy biogas will be upgraded to RNG and injected into the utility gas pipeline through an interconnection with PG&E.
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GLPI BALY | Hot Stocks08:10 EDT Gaming and Leisure Properties completes sale leaseback transaction with Bally's - Gaming and Leisure Properties (GLPI) announced today that, on April 1, 2022, it completed the previously announced acquisition from Bally's Corporation (BALY) of the land and real estate assets of Bally's three Black Hawk Casinos in Black Hawk, CO and Bally's Quad Cities Casino & Hotel in Rock Island, IL for $150M in total consideration. These properties were added to the existing Bally's Master Lease. The initial rent for the lease was increased by $12M on an annual basis, subject to contractual escalations based on the Consumer Price Index, with a 1% floor and 2% ceiling, subject to CPI meeting a 0.5% threshold.
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GH | Hot Stocks08:09 EDT Guardant Health announces partnership with Epic - Guardant Health announced a partnership with Epic, the nation's most widely used health record, to integrate the company's broad portfolio of cancer tests with Epic. This integration will make it easier for health systems, community healthcare providers and retail health clinics to make Guardant Health blood tests part of routine clinical care by providing direct ordering access and results delivery.
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AMD | Hot Stocks08:09 EDT AMD announces agreement to acquire Pensando for $1.9B - AMD announced a definitive agreement to acquire Pensando for approximately $1.9B before working capital and other adjustments. Pensando's distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications. Pensando's products are already deployed at scale across cloud and enterprise customers. CEO Prem Jain and the Pensando team will join AMD as part of the Data Center Solutions Group, led by AMD Senior Vice President and General Manager Forrest Norrod. Pensando will remain focused on executing their product and technology roadmaps, now with additional scale to accelerate their business and address growing market opportunities across a broader number of customers. The acquisition is expected to close in the second quarter of 2022, following satisfaction of customary closing conditions including approval under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
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SEAC | Hot Stocks08:09 EDT SeaChange, VIDAA partner to develop streaming, ad insertion solution - VIDAA USA and SeaChange International have partnered to jointly develop a superior streaming and ad insertion solution to accelerate the expansion of free ad-supported content on VIDAA tv globally. VIDAA will provide a seamless interface to bring SeaChange Xstream platform customers onto millions of VIDAA-powered Connected TVs globally and enable any content owner or creator to quickly launch their own FAST channels for distribution on the "VIDAA tv" service. SeaChange will leverage its Xstream Online Video and Linear Channel Playout Platform to enable streaming of AVOD content within the "VIDAA tv" service, which currently offers FAST channels. SeaChange will also support VIDAA to expand its reach from the CTV space to other connected devices, including mobile and tablet.
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RSI | Hot Stocks08:07 EDT Rush Street Interactive launches BetRivers online casino, sportsbook in Ontario - Rush Street Interactive announced that its BetRivers online casino and sportsbook are live in Ontario, Canada. Eligible players aged 19 and older across the province can sign-up now and begin wagering at BetRivers.ca and on the BetRivers mobile applications.
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PGEN | Hot Stocks08:07 EDT Precigen says FDA grants Fast Track designation for PRGN-3006 UltraCAR-T - Precigen announced that the FDA has granted Fast Track designation for PRGN-3006 UltraCAR-T in patients with relapsed or refractory AML. PRGN-3006 was previously granted FDA Orphan Drug Designation.
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APO | Hot Stocks08:07 EDT Apollo Hybrid Value raises $4.6B for second flagship fund - Apollo announced that its Hybrid Value business has closed its second flagship fund, Apollo Hybrid Value Fund II, raising approximately $4.6 billion. The fund received strong support from both new and existing limited partners committing to the all-weather strategy, which seeks to provide flexible equity and debt capital solutions to companies. HVF II's $4.6 billion in commitments is an increase of more than 40% over Hybrid Value Fund I, which raised $3.3 billion in 2019. The Hybrid Value team's strong focus on structuring capital preservation, attractive yield, and equity upside has made the strategy particularly attractive to insurance companies, sovereign wealth funds, pension funds, endowments and other institutional clients and high-net-worth individuals. Hybrid strategies were a key strategic growth area for Apollo as presented at its 2021 Investor Day.
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ASGTF | Hot Stocks08:06 EDT Altus Group announces 2021 sustainability report - Altus Group Limited released its annual Sustainability Report highlighting the Company's environmental, social and governance initiatives and progress in 2021. Jim Hannon, CEO of Altus said: "Sustainability has always been core to how Altus operates - it's at the heart of our culture, reflected in our values, and exemplified through our actions. With this report, we're pleased to share our progress against our ESG priority areas, highlighting how we have raised the bar for our future performance and outlining our ongoing commitment to drive positive impact for our employees, customers, shareholders, communities and the environment." The 2021 Sustainability Report highlights the Company's: Light environmental footprint and carbon business model, which includes the move to energy-efficient cloud-based data centres and efficient use of leased office space; Elevated human resources initiatives to strengthen its talent attraction, retention and development; Expanded strategy to promote a diverse, equitable and inclusive workplace by leveraging internal diversity data; Philanthropic initiatives to support the communities and organizations important to its employees and customers; Enhanced cyber security and data governance program to address the evolving landscape, technology advancements and regulatory changes; and Strong corporate governance framework to ensure effective stewardship and practices that are in the best interests of all the Company's stakeholders.
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FOUR | Hot Stocks08:05 EDT Shift4 Payments, Ontario International Airport announce partnership - Ontario International Airport announced a strategic partnership with Shift4 to implement the company's VenueNext mobile point-of-sale solution at the airport. The state-of-the-art service enables ONT customers to order and pay for food, beverages and merchandise from the convenience of their phones, allowing travelers to enjoy the growing variety of airport dining and retail options with as much - or as little - personal interaction as they want.
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AMED | Hot Stocks08:05 EDT Amedisys completes acquisition of home health assets from AssistedCare - Amedisys has closed on its acquisition of certain home health assets from AssistedCare Home Health, and RH Homecare Services, doing business as AssistedCare Home Health and AssistedCare of the Carolinas, respectively. While AssistedCare's home health care services have transitioned to Amedisys Home Health, their personal care services are remaining with Eldercare at Home, and their Intellectual & Developmental Disabilities, IDD, and Private Duty Nursing, PDN, services remain operational as AssistedCare, and are not included in the transaction. "By continuing the great care provided by AssistedCare Home Health and AssistedCare of the Carolinas, Amedisys can now offer both home health and hospice services in more communities across North Carolina, including those in and around Wilmington and Greenville," said Amedisys President and Chief Operating Officer Chris Gerard. "Amedisys is proud to expand its presence in these healthcare communities and provide more comprehensive care by aligning with our Amedisys Hospice footprint in North Carolina." Amedisys' home health operations now include 350 care centers in 34 states and the District of Columbia, with an average daily census of approximately 74,000 patients and approximately 11,000 home health employees.
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KTOS | Hot Stocks08:04 EDT Kratos appoints Robert Winkler as VP, corporate development, national security - Kratos Defense & Security Solutions announced that Robert Winkler, former Professional Staff Member for the U.S. Senate Committee on Armed Services and staff-lead for the Air Land Subcommittee, has joined Kratos as Vice President of Corporate Development & National Security Programs. In this role, Winkler will focus on developing strategies for aligning Kratos' development efforts with U.S. Department of Defense, Congressional, and Executive Branch priorities, as well as communicating the value of Kratos' low-cost, high-performance technology, solutions, and breakthroughs to national defense and governmental leaders.
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SATL | Hot Stocks08:04 EDT Satellogic launches five additional spacecraft on SpaceX Transporter-4 mission - Satellogic announced the launch of five additional spacecraft from Cape Canaveral Space Force Station. The satellites were delivered to a sun-synchronous low-Earth orbit on SpaceX's Transporter-4 mission on April 1 onboard the Falcon 9 reusable, two-stage rocket, under SpaceX's Rideshare program. All five satellites have made contact with the company's ground station network with good health reports, bringing Satellogic's constellation total to 22 satellites in orbit. The launch marks the first deployment of Satellogic's new Mark V satellite model. The Mark V features improved cameras, radios, computers, and other subsystems compatible with all components from previous models, offering Satellogic's customers higher quality products. The remaining satellites are four updated NewSats Mark IV model, which have increased onboard storage and upgrades to its propulsion and navigation systems. The enhancements include manufacturability and cost saving processes used in preparation for the opening of Satellogic's High-Throughput Plant, which is expected to commence production by the second half of 2022. By Q1 2023, Satellogic expects to have 34 commercial satellites in orbit, offering up to seven daily revisits of any point of interest. The company aims to expand its constellation to over 200 satellites by 2025, in order to provide daily coverage of the entire surface of the Earth.
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AMED | Hot Stocks08:04 EDT Amedisys completes acquisition of Evolution Health - Amedisys has closed on its acquisition of Evolution Health, a provider of home health services. Evolution Health, a division of Envision Healthcare, is doing business as Guardian Healthcare, Gem City, and Care Connection of Cincinnati in 15 locations across Texas, Oklahoma and Ohio. Amedisys has acquired 100% of the ownership interests in Evolution Health. "By continuing the great care provided by Guardian Healthcare, Gem City, and Care Connection of Cincinnati, Amedisys can now offer both home health and hospice services in more communities across Texas, Oklahoma and Ohio," said Amedisys President and Chief Operating Officer Chris Gerard. "Amedisys is proud to expand its presence in these healthcare communities and provide more comprehensive care by aligning with our Amedisys Hospice footprint in these markets." Amedisys' home health operations now include 350 care centers in 34 states and the District of Columbia, with an average daily census of approximately 74,000 patients and approximately 11,000 home health employees.
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ARDX | Hot Stocks08:03 EDT Ardelyx announces U.S. launch of IBSRELA - Ardelyx announced the launch of IBSRELA, the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation in adults. IBSRELA is the first FDA-approved product for Ardelyx.
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HEOFF | Hot Stocks08:03 EDT H2O Innovation renews, expands operation, maintenance contract - H2O Innovation is proud to announce that it has recently renewed the contract with its largest operation and maintenance customer, the City of Gulfport, Mississippi. This renewal, valued at $13.9 M/year, includes a scope expansion for solid waste collection and fleet management as well as annual consumer price index adjustments. The expanded four-year contract, valued at $55.5 M, brings the Corporation's O&M backlog to $131.0 M. The City also has the option to extend the contract up to four additional renewal periods of two years each, potentially lengthening the total contract term to 12 years.
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DRTT | Hot Stocks08:03 EDT Dirtt Environmental urges shareholders to vote for director nominees - DIRTT Environmental Solutions announced it has mailed its definitive proxy statement and a related letter to shareholders ahead of its annual and special meeting of shareholders to be held on Tuesday, April 26, 2022 at 10:00 a.m. The company said, "The letter details the transformational change achieved under the leadership of the Company's refreshed and deeply committed board of directors. It also informs shareholders about the unnecessary risk associated with a wholesale change of the Board as proposed by 22NW Fund, LP along with their hazardous agenda to overtake the Company with no articulated plan. Nearly five months after waging a distracting and expensive proxy fight, 22NW has only recently publicly disclosed its plan - which is just a plan to create a plan. Shareholders can read the full letter today at www.DIRTTmomentum.com and are encouraged to vote only the BLUE proxy FOR DIRTT's qualified and experienced nominees: Todd W. Lillibridge, Michael T. Ford, Charlie Chiappone, Denise E. Karkkainen, Shauna R. King, James A. Lynch and Diana R. Rhoten."
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PRCH | Hot Stocks08:02 EDT Porch Group closes RWS acquisition for $33M in stock, cash transaction - Porch Group successfully completed its previously announced acquisition of the home warranty and inspection software and services businesses from Residential Warranty Services, RWS, on April 1, 2022. The acquisition further enhances Porch's ability to add value to home inspectors and enhances full home warranty capabilities. The acquired businesses provide customer relationship management, CRM, software, recall check software and a unique 90-day warranty product through more than 1,000 home inspection companies. RWS distributes annual home warranty products through a nationwide network of real estate agents. Total consideration in the transaction is $33M, including $29M of cash, $4M of Porch common stock and additional contingent consideration tied to the performance of a recently launched business line. "We have worked with the RWS team for many years and their addition to Porch greatly bolsters our leadership position in the strategic home inspection industry," said Matt Ehrlichman, Founder, Chairman and CEO. "Over the last several quarters, we have realized rapid growth through the expansion of our service offerings, and RWS accelerates our warranty business and strategy. RWS inspection and warranty products strategically align with Porch's offerings, giving us confidence in our ability to drive growth in 2022 and beyond."
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TITN | Hot Stocks08:02 EDT Acme Tools acquires Fargo tractor assets from Titan Machinery - Acme Tools has closed on an asset purchase agreement with Titan Machinery to acquire the new assets for Kubota, Cub Cadet, Grasshopper and Woods products from Fargo Tractor. Acme Equipment, a division of Acme Tools focusing on equipment brands, has been approved by Kubota Tractor Corporation as the new Kubota dealer for the Fargo/Moorhead region in North Dakota and Minnesota. The current Acme Tools store in Fargo, N.D., will initially provide sales and service for the area. Construction of a new 28,000 square-foot Acme Equipment facility near the store will begin this year.
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AZ | Hot Stocks07:55 EDT A2Z Smart Technologies says all resolutions passed at Shareholders Meeting - A2Z Smart Technologies Corp. announced that at the Company's Annual and Special General Meeting, held on March 28, 2022 in Toronto, all resolutions were duly passed by shareholders, including a rolling 10% stock option plan and the approval of the restricted share unit plan and increase the number of restricted share units under the RSU Plan by an additional 471,716 to 2,696,047.
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LILM | Hot Stocks07:55 EDT Lilium begins flight testing in Spain - Lilium announced that it has begun the next phase of flight testing in Spain with its 5th generation technology demonstrator, Phoenix 2. Over the coming months at the ATLAS Flight Test Center, Lilium plans to extend the flight envelope through full transition and high-speed flight. These developments come after flight testing with the same aircraft in southern Germany last year. Lilium also plans to introduce an additional demonstrator aircraft, Phoenix 3, which is scheduled to arrive in Spain for first flight this summer. This aircraft is expected to significantly accelerate the flight test campaign, allowing Lilium to increase learnings and reduce program risks.
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SBUX | Hot Stocks07:52 EDT Starbucks drops after returning CEO Schultz suspends buyback - Shares of Starbucks are falling in premarket trading after Howard Schultz, who's returning as Chief Executive Officer today, announced the suspension of the company's share buyback program. "This decision will allow us to invest more into our people and our stores - the only way to create long-term value for all stakeholders," Schultz said in a letter to employees. "Our vision is to once again reimagine a first-of-a-kind for-purpose company in which the value we create for each of us as partners, for each of us as customers, for our communities, for the planet, for shareholders - comes because our company is designed to share success with each of us and for the collective success of all our stakeholders," he wrote.
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TGTX | Hot Stocks07:49 EDT TG Therapeutics announces data presentations from ULTIMATE I, II Phase 3 trials - TG Therapeutics announced data from the ULTIMATE I & II Phase 3 trials evaluating ublituximab in patients with relapsing forms of multiple sclerosis, presented over the weekend at the American Academy of Neurology annual meeting, held in Seattle, Washington. Poster Presentation Title: Disability Improvements With Ublituximab in Relapsing Multiple Sclerosis: Expanded Disability Status Scale, 9-Hole Peg Test, and Timed 25-Foot Walk Evaluations From the Phase 3 ULTIMATE I and II Studies: In pooled post hoc analyses of ULTIMATE I and II: Among ublituximab patients who demonstrated 12-week Confirmed Disability Improvement, 95.4% sustained the improvement through the end of the study at week 96. In patients with a baseline Expanded Disability Status Score score greater than or equal to2.0, more patients in the ublituximab group than teriflunomide group had EDSS improvements of 1.0 and 1.5 points at Weeks 60, 72, 84, and 96. At 96 weeks, a greater than or equal to20% improvement in 9-HPT was observed in 11.4% and 5.5% and 11.4% and 5.7% of ublituximab and teriflunomide treated patients, respectively. Poster Presentation Title: Ublituximab Treatment Is Associated With a Significant Proportion of Patients Achieving No Evidence of Disease Activity: Results From the Ultimate I and Ultimate II Phase 3 Studies of Ublituximab vs Teriflunomide in Relapsing Multiple Sclerosis. ULTIMATE I and II post hoc pooled analyses demonstrated a consistent NEDA benefit for ublituximab treated patients across treatment epochs and key patient subpopulations; In pooled post hoc analyses evaluating NEDA-3 by treatment epoch and patient subtype; NEDA-3 rates for ublituximab vs teriflunomide cohorts by treatment epoch at 0-96 weeks were 44.6% vs 12.4%, respectively, and at 24-96 weeks were 82.1% vs 22.5%; NEDA-3 at 24-96 weeks was achieved in 82.7% vs 23.1% of treatment-naive, 81.1% vs 21.1% of previously treated, 82.4% vs 18.6% of early-disease, and 81.9% vs 26.5% of late-disease patients in ublituximab- vs teriflunomide-treated cohorts, respectively. The leading cause of disease activity during Weeks 24-96 was new/enlarging T2 lesions for teriflunomide and relapse for ublituximab. Poster Presentation Title: Infusion-Related Reactions With Ublituximab in Patients With Relapsing Multiple Sclerosis: Post Hoc Analyses From the Phase 3 ULTIMATE I and II Studies In pooled analyses of the ULTIMATE studies, 96.6% of patients completed ublituximab infusions without interruption, and 94.6% completed Dose 2-5 maintenance infusions within 1 hour+/-5 minutes; 43% of patients had an IRR at Dose 1, the proportion of patients experiencing an IRR markedly decreased to less than10.0% for all subsequent infusions, and 69.5% did not have an IRR recurrence; 78.8% of Dose 1 and 69.2% of Dose 2 IRRs with ublituximab occurred during the infusion period or within 1 hour post infusion; The administration route of premedications did not impact the frequency of IRRs; IRRs were the prevailing adverse event with ublituximab in ULTIMATE I and II; the vast majority were mild to moderate in severity.
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CME | Hot Stocks07:36 EDT CME Group reports March ADV up 12% to 24.4M contracts - CME Group reported its Q1 and March 2022 market statistics, showing average daily volume increased 19% to 26M contracts during the first quarter. March ADV increased 12% to 24.4M contracts during the month.
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MGDPF | Hot Stocks07:35 EDT Marathon Gold reports latest drill results from Berry Deposit - Marathon Gold Corporation is pleased to report the latest drill assay results from the Valentine Gold Project in central Newfoundland. The latest drill results represent fire assay data from twenty diamond drill holes completed as part of the 2021 in-fill drill campaign at the 1.5 kilometre long Berry Deposit. Highlights include: VL-21-1150 intersected 7.17 g/t Au over 21 metres including 84.40 g/t Au over 1 metre and including 19.13 g/t Au over 1 metre and including 12.61 g/t Au over 1 metre, and 50.17 g/t Au over 1 metre; VL-21-1142 intersected 5.25 g/t Au over 17 metres including 32.05 g/t Au over 2 metres, and 0.81 g/t Au over 23 metres; VL-21-1155 intersected 3.10 g/t Au over 19.3 metres including 13.96 g/t Au over 3 metres, and 4.83 g/t Au over 8 metres including 15.29 g/t Au over 1 metre, and 8.27 g//t Au over 3 metres including 22.49 g/t Au over 1 metre; VL-21-1156 intersected 19.28 g/t Au over 3 metres including 54.07 g/t Au over 1 metre, and 7.99 g/t Au over 5 metres including 31.64 g/t Au over 1 metre, and 8.17 g/t Au over 3 metres including 17.38 g/t Au over 1 metre; VL-21-1159 intersected 1.42 g/t Au over 20 metres, and 11.75 g/t Au over 3 metres including 33.10 g/t Au over 1 metre, and 1.13 g/t Au over 16 metres; and VL-21-1145 intersected 2.37 g/t Au over 24 metres including 28.89 g/t Au over 1 metre. Matt Manson, President and CEO, commented: "With these latest 20 exploration holes from Berry we are continuing our practice of releasing drill results in whole-hole batches as they come to us from the assay lab. One more batch of 2021 holes remains outstanding, after which we will have released a total of approximately 100,000 metres of Berry drilling. These will be the data utilized in our next mineral resource update. Of note in today's batch, high grade intercepts show SW-dipping structural continuity over multiple holes below the current conceptual pit shell on Section 14120E. So far in 2022, 9,810 metres of exploration drilling has been completed at the Berry Deposit and 2,720 metres at the Victory Deposit. Drilling is expected to resume shortly after our annual spring shutdown during March and April."
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ALNY | Hot Stocks07:35 EDT FDA extends review timeline for Alnylam's vutrisiran NDA to treat ATTR amyloidos - Alnylam Pharmaceuticals announced that the U.S. Food and Drug Administration FDA has extended the review timeline of the New Drug Application NDA for vutrisiran, an investigational RNAi therapeutic in development for the treatment of transthyretin-mediated, ATTR , amyloidosis, to allow for the review of newly added information related to the new secondary packaging and labeling facility. Alnylam recently learned that the original third-party secondary packaging and labeling facility the Company planned to use for the vutrisiran launch was recently inspected and the inspection requires classification for the FDA to take action on the vutrisiran NDA. The inspection observations were not directly related to vutrisiran. In order to minimize delays to approval, Alnylam has identified a new facility to pack and label vutrisiran and submitted an amendment to the NDA for review by the FDA. The updated Prescription Drug User Fee Act PDUFA goal date to allow for this review is July 14, 2022. No additional clinical data have been requested by the FDA. "We are committed to working with the FDA and the new facility to bring this important treatment option as quickly as possible to patients living with the polyneuropathy of hATTR amyloidosis, an inherited, progressively debilitating, and fatal disease," said Pushkal Garg, M.D., Chief Medical Officer & EVP, Development and Medical Affairs. "We are confident in our regulatory application and the body of data supporting the efficacy and safety of vutrisiran." Vutrisiran is also under review by the European Medicines Agency EMA, the Brazilian Health Regulatory Agency ANVISA and the Japanese Pharmaceuticals and Medical Devices Agency PMDA. We aim to minimize the impact of this issue on these reviews through timely resolution of the matter or utilization of an alternative facility for one or more of these regions. Vutrisiran has been granted Orphan Drug Designation in the U.S. and the European Union EU for the treatment of ATTR amyloidosis, and in Japan for transthyretin type familial amyloidosis with polyneuropathy.
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WVE | Hot Stocks07:35 EDT Wave Life announces positive update to ongoing Phase 1b/2a FOCUS-C9 trial - Wave Life Sciences announced a positive update to the ongoing Phase 1b/2a FOCUS-C9 trial of WVE-004, the company's clinical candidate for C9orf72-associated amyotrophic lateral sclerosis, C9-ALS, and frontotemporal dementia, C9-FTD. FOCUS-C9 is an adaptive trial that was designed to rapidly optimize dose level and frequency based on early indicators of target engagement. The trial update announced is being driven by the observation of potent, durable reductions of poly(GP) dipeptide repeat proteins in cerebrospinal fluid, CSF, with low, single doses of WVE-004. Reductions in poly(GP) were observed across all active treatment groups, reaching statistical significance versus placebo after single 30 mg doses, with a 34% reduction in poly(GP) at day 85. At the time of analysis, none of the patients dosed with 60 mg had reached day 85. As the poly(GP) reduction in the 30 mg single dose cohort does not appear to have plateaued, Wave will extend the observation period from approximately three months to approximately six months to identify the maximum reduction of poly(GP) and duration of effect of low single doses. Based on the durability and potency observed in the 30 mg cohort, FOCUS-C9 has been adapted to include additional patients receiving 20 mg and 30 mg single doses of WVE-004. Adverse events were balanced across treatment groups, including placebo, and were mostly mild to moderate in intensity. Dosing in a multidose cohort at 10 mg monthly is also well underway, and additional single and multidose data are expected throughout 2022. The company anticipates that the additional single and multidose data will be used to optimize dose level and frequency and enable discussions with regulatory authorities later this year regarding the next phase of development. Upcoming milestones for other Wave programs: In addition to WVE-004, Wave is advancing two other Phase 1b/2a clinical trials with its next-generation PN chemistry-containing investigational candidates: WVE-003 targeting SNP3 in Huntington's disease, which is being investigated in the SELECT-HD trial, and WVE-N531 targeting exon 53 in Duchenne muscular dystrophy. Wave expects to share clinical data in 2022 for WVE-003 and WVE-N531 to provide further insight into the clinical effects of PN chemistry and enable decision-making for these programs. Wave also continues to rapidly advance its alpha-1 antitrypsin deficiency program, which is the company's first program using its novel GalNAc-conjugated A-to-I RNA base editing oligonucleotides. Wave expects to select an AATD development candidate and initiate IND-enabling toxicology studies in the third quarter of 2022.
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NEP | Hot Stocks07:34 EDT NextEra Energy Partners completes sale of Monument Pipeline to ARM - NextEra Energy Partners announced that it has completed the sale of Monument Pipeline, LP, an approximately 156-mile, 16-inch pipeline that transports natural gas in Texas, to ARM Monument Intermediate Holdings, an affiliate of ARM Energy Holdings, for a total consideration of approximately $203M. The Monument Pipeline was part of NextEra Energy Partners' Texas pipelines portfolio. NextEra Energy Partners continues to expect Dec. 31, 2022, run-rate adjusted EBITDA and cash available for distribution expectation ranges of $1.775B-$1.975B and $675M-$765M, respectively, reflecting calendar year 2023 expectations for the forecasted portfolio at year-end 2022. From a base of its fourth-quarter 2021 distribution per common unit at an annualized rate of $2.83 per common unit, NextEra Energy Partners continues to expect 12%-15% per year growth in limited partner distributions as being a reasonable range of expectations through at least 2024, subject to the usual caveats. NextEra Energy Partners expects the annualized rate of the fourth-quarter 2022 distribution, which is payable in February 2023, to be in a range of $3.17-$3.25 per common unit.
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KLDO | Hot Stocks07:34 EDT Kaleido Biosciences initiated process to explore strategic alternatives - In a regulatory filing on April 1, Kaleido Biosciences stated: "We have initiated a process to explore a range of strategic alternatives to maximize shareholder value and have engaged professional advisors, including an investment banker to act as a strategic advisor for this process. Potential strategic alternatives that may be evaluated include a sale or merger of the company or securing additional financing or partnerships that would enable further development of our programs. There can be no assurance that this strategic review process will result in our pursuing any transaction or that any transaction, if pursued, will be completed. We aim to run this strategic review process into mid-April 2022. Additionally, there can be no assurances that any particular course of action, business arrangement or transaction, or series of transactions, will be pursued, successfully consummated or lead to increased stockholder value. If the strategic process is unsuccessful, our Board may decide to pursue a dissolution and liquidation. In the event of such liquidation or other wind-down event, holders of our securities will likely suffer a total loss of their investment."
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ANPC | Hot Stocks07:32 EDT AnPac Bio granted Nasdaq hearing for continued listing, scheduled for late April - AnPac Bio-Medical Science announced that on April 1, 2022, the Company received a Nasdaq Hearing Instructions letter from the Nasdaq Stock Market notifying the Company that a Nasdaq Hearings Panel will consider the Company's appeal at an oral hearing which will be held on April 28, 2022. On March 31, 2022, the Company filed a request for an appeal hearing before a Nasdaq Hearings Panel to present its plan to regain compliance with the applicable listing requirements of Nasdaq. This is a follow-up to its recent receipt of a Staff Determination letter dated March 24, 2022 from the Listing Qualifications Department of Nasdaq notifying the Company of the Staff's determination to delist the Company's securities from The Nasdaq Global Market due to its failure to regain compliance with the minimum $50,000,000 Market Value of Listed Securities required for continued listing as set forth in Listing Rule 5450(b)(2)(A), following the 180 calendar day compliance period. The Letter also indicated that the Company has not met the minimum standard requirements of $10,000,000 in stockholders' equity, $50,000,000 in total assets and $50,000,000 in total revenue. Pursuant to the Staff Determination Letter, unless the Company requests an appeal, trading of the Company's American Depositary Shares will be suspended at the opening of business on April 4, 2022, and Form 25-NSE will be filed with the Securities and Exchange Commission, which will remove the Company's securities from listing and registration on Nasdaq. The April 1, 2022 Letter from Nasdaq notified the Company that because the Company had appealed, the delisting action has been temporarily stopped, pending a final written decision by the Nasdaq Hearings Panel. At the hearing, the Company must demonstrate its ability to regain compliance with the particular deficiencies cited by Nasdaq, as well as its ability to sustain long-term compliance with all applicable maintenance criteria. If the Company is currently subject to a Listing Rule compliance period for a deficiency distinct from those that are bases for Nasdaq's determination to delist the Company, it must also address its plan for regaining compliance with that particular standard within the applicable compliance period. The Company will be notified if Nasdaq identifies new deficiencies either before or after the hearing, and will be provided an opportunity to respond.
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INZY | Hot Stocks07:32 EDT Inozyme announces preliminary data from Phase 1/2 trial of INZ-701 - Inozyme Pharma announced positive preliminary biomarker, safety, and pharmacokinetic, PK, data from the first three patients treated in the Phase 1 portion of its ongoing first-in-human Phase 1/2 clinical trial of INZ-701 in adult patients with ENPP1 Deficiency. At the 0.2 mg/kg dose level of INZ-701, all three patients showed rapid, significant, and sustained increases in PPi levels. Preclinical findings demonstrated PPi as a key predictive biomarker of therapeutic benefit in ENPP1 Deficiency. Summary of Preliminary Data: The range of PPi levels across three patients at screening was 132-333 nM; The range of PPi levels measured at six hours after the first dose was 581-1239 nM; The mean PPi level during the 32-day dose evaluation period across the three patients was 1356 nM; The range of peak PPi levels observed during the 32-day dose evaluation period across the three patients was 1082-2416 nM, and was comparable to data from the study of healthy subjects. PPi levels observed after dosing of INZ-701 correlated to systemic exposure and activity of INZ-701. PK analysis showed INZ-701 nearing steady-state by Day 29 with an approximately 4-fold accumulation from Day 1, based on AUC0-72. The half-life of INZ-701 observed in this trial suggests the potential for once-weekly dosing. INZ-701 was generally well-tolerated, with no serious adverse events reported, and otherwise exhibited a favorable initial safety profile. Following conclusion of the 32-day dose evaluation period, an independent Data Safety Monitoring Board, DSMB, reviewed preliminary data from the ongoing trial. Based on this review, the DSMB recommended the trial continue as planned. Dosing is underway at the 0.6 mg/kg dose level of INZ-701 in the second cohort of the trial. Inozyme plans to report topline data from the ongoing trial in the second half of 2022.
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HTZ GGPI | Hot Stocks07:32 EDT Hertz, Polestar partner to accelerate electric vehicle adoption - Hertz (HTZ) and Polestar, the Swedish premium electric performance car maker, announced a new global partnership that includes purchasing up to 65,000 electric vehicles over five years. Availability is expected to begin in Spring 2022 in Europe and late 2022 in North America and Australia. For Hertz, the partnership is part of the company's ongoing commitment to lead in electrification, shared mobility and a digital-first customer experience. The partnership with Polestar builds on Hertz's announcement last October to offer its customers the largest EV rental fleet in North America and one of the largest in the world. In addition to making the fleet available to its business and leisure customers, Hertz is extending EVs to rideshare drivers as a way to further accelerate electrification. Polestar previously announced its intention to list on Nasdaq New York in a proposed business combination with Gores Guggenheim (GGPI), which is expected to close in the second quarter.
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APEN ALC | Hot Stocks07:29 EDT Apollo Endosurgery appoints Jeannette Bankes to board of directors - Apollo Endosurgery (APEN) announced the appointment of Jeannette Bankes to its Board of Directors, bringing the number of board members to eight. Bankes is the President and General Manager of the Global Surgical Franchise at Alcon (ALC).
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ELTP | Hot Stocks07:26 EDT Elite Pharmaceuticals, Praxgen receive FDA approval for generic doxycycline - Elite Pharmaceuticals announced that together with Elite's co-development partner, Praxgen Pharmaceuticals received approval from the US Food and Drug Administration for doxycycline hyclate 100 mg tablets. Doxycycline hyclate is an antibiotic that is used to treat a wide variety of bacterial infections.
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MMAT | Hot Stocks07:25 EDT Meta Materials acquires Plasma App in $20M stock for stock transaction - Meta Materials announced it has acquired Plasma App Ltd., in a stock for stock transaction valued at $20 million. PAL is the developer of PLASMAfusion, a proprietary manufacturing platform technology, which enables high speed coating of any solid material on any type of substrate. PAL's team is located at the Rutherford Appleton Laboratories in Oxford, UK. META expects to apply PLASMAfusion to the metallization step in its roll-to-roll production process for NANOWEB films as well as KolourOptik security films. This is expected to significantly accelerate line speed and increase annual capacity. Large scale and efficient metallization is a critical step for volume production of NANOWEB and many other high volume potential applications such as battery materials, requiring hundreds of millions of square meters per year. Large scale metallization is expected to leverage capital equipment investment and substantially reduce cost per square meter of output. PLASMAfusion uniquely combines the benefits of sputtering and evaporation, while using zero VOCs. PAL's technology works in a more sustainable, customizable, and efficient way, by producing new materials in vacuum at low substrate temperatures with higher adhesion. META intends to continue to industrialize and scale up PLASMAfusion including applications for META's high volume factory in Thurso, Quebec. Additionally, PLASMAfusion will be available for licensing and co-development for strategic partners. META acquired 100% of the shares of Plasma App Ltd. in exchange for META common shares with a total value of $20 million, priced at $1.86, based on the VWAP for the ten trading days ending on March 31, 2022. The transaction closed on April 1st.
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KNTNF | Hot Stocks07:23 EDT K92 Mining files technical report for Kora, Maiden Judd resource estimates - K92 Mining announces that it has filed a technical report containing an updated resource estimate on the Kora gold deposit and a maiden resource estimate on the Judd deposit, in Papua New Guinea. The Technical Report, titled, "Independent Technical Report Mineral Resource Estimate Update Kora and Judd Gold Deposits, Kainantu Project, Papua New Guinea" dated March 31, 2022, with an effective date of January 20, 2022, was prepared by Andrew Kohler, PGCert, MAIG, Simon Tear BSc, EurGeol, PGeo IGI, EurGeol, and Anthony Woodward BSc, M.Sc., MAIG. Refer to the Company's news release dated February 23, 2022, for a summary of the key results, assumptions and estimates contained in the Technical Report.
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MMAT | Hot Stocks07:21 EDT Meta Materials acquires UK-based PAL in a $20M stock for stock deal - Meta Materials announced it has acquired Plasma App, PAL, in a stock for stock transaction valued at $20M. PAL is the developer of PLASMAfusion , "a first of its kind, proprietary manufacturing platform technology, which enables high speed coating of any solid material on any type of substrate," said the statement PAL's team is located at the Rutherford Appleton Laboratories in Oxford, UK. META expects to apply PLASMAfusion to the metallization step in its roll-to-roll production process for NANOWEB films as well as KolourOptik security films. This is expected to significantly accelerate line speed and increase annual capacity. Large scale and efficient metallization is a critical step for volume production of NANOWEB and many other high volume potential applications such as battery materials, requiring hundreds of millions of square meters per year. Large scale metallization is expected to leverage capital equipment investment and substantially reduce cost per square meter of output."This is a strategic acquisition for META, pairing the best nanopatterning technologies with the best coating technology. PLASMAfusion is a versatile coating platform technology, which we believe will improve our existing manufacturing processes, expand our IP portfolio, and open new markets," said George Palikaras, President and CEO of META. "As we scale our operations, META is committed to investing in more sustainable technologies that reduce cost and increase volumes of our metamaterial applications. We have had a great relationship with PAL since 2019, and I am excited to welcome its founder, Dr. Dmitry Yarmolich, to META. We expect PLASMAfusion to enable META to deliver new solutions at unprecedented scale and cost, with semiconductor accuracy and quality."
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SLSSF | Hot Stocks07:21 EDT Solaris Resources reports assay results from Warintza Project - Solaris Resources is pleased to report assay results from a series of additional holes from mineral resource growth drilling at its Warintza Project in southeastern Ecuador. Highlights: Additional drilling has expanded the growing northeast extension area, which remains open with follow-up and step-out drilling underway. This zone is characterized by near surface, high-grade mineralization, as detailed below, at the northeastern limit of drilling at Warintza Central and represents a priority target for further growth. SLS-54 was collared at the northeastern limit of the grid and drilled into an open volume near surface, returning 356m of 0.73% CuEq from 50m depth within a broader interval of 1,093m of 0.56% CuEq from surface This follows from near surface, high-grade mineralization previously reported from: SLS-49 - 396m of 0.70% CuEq from 50m depth within 817m of 0.60% CuEq; SLS-48 - 100m of 1.64% CuEq from 50m depth within 852m of 0.56% CuEq; SLS-42 - 740m of 0.60% CuEq from 52m depth within 906m of 0.53% CuEq; SLS-38 - 244m of 0.70% CuEq from 58m depth within 822m of 0.35% CuEq; SLS-34 - 242m of 0.67% CuEq from 52m depth within 660m of 0.47% CuEq; SLS-32 - 372m of 0.64% CuEq from 46m depth within 618m of 0.48% CuEq. Follow-up drilling from existing platforms is underway, with a 260m northeast step-out platform recently completed and a second platform stepping out further to the northeast under construction; Additional drilling has expanded the growing southeast extension area, which remains open in near surface, high-grade mineralization. SLS-52 was collared on the eastern side of the grid and drilled southeast into an open volume near surface, returning 482m of 0.62% CuEq from 96m depth, within a broader interval of 977m of 0.45% CuEq from near surface that infilled drilling at depth; SLS-53 was collared from a southeastern platform and drilled south into an open volume near surface, returning 176m of 0.78% CuEq from 16m depth, within a broader interval of 957m of 0.46% CuEq from 10m depth that infilled drilling at depth. This follows from near surface, high-grade mineralization previously reported from: SLS-45 - 236m of 0.56% CuEq from 44m depth within 564m of 0.41% CuEq; SLS-39 - 368m of 0.73% CuEq from 90m depth within 915m of 0.56% CuEq; SLS-35 - 326m of 0.80% CuEq from 50m depth within 920m of 0.62% CuEq. Additional platform construction to support follow-up and step-out drilling to test the further southeast extension of near surface, high-grade mineralization is planned, following the release of the updated mineral resource estimate. SLS-51 was collared from the south-central portion of the grid and drilled east into an open volume at surface, returning 918m of 0.50% CuEq from 130m depth within a broader interval of 1,012m of 0.47% CuEq from near surface that infilled drilling at depth. Updated Warintza Central Mineral Resource Estimate expected to be issued in April. To date, 62 holes have been completed at Warintza Central with assays reported for 54 of these. Mr. Jorge Fierro, Vice President, Exploration, commented: "These final holes expand on two key growth areas with near surface, high-grade mineralization on the edge of resource drilling that remains open. These holes will be included in the forthcoming resource update; further extensions to the northeast and southeast represent priority targets for further growth with step-out drilling commencing shortly."
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PETV CVET | Hot Stocks07:19 EDT PetVivo announces Schumaker joins as Business Development Manager for Midwest - PetVivo (PETV) announces that Rachael Schumaker has accepted a position with the Company as its new Business Development Manager for the Midwest Region of the United States. Schumaker has more than 20 years of experience related to management, marketing and distribution of veterinary products in the United States. She has served in various roles with companies such as Covetrus (CVET) /Henry Schein Animal Health, Conservis Corporation, and Merial Limited
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HHC | Hot Stocks07:19 EDT Howard Hughes acquires minority stake in Jean-Georges Restaurants - Howard Hughes and chef Jean-Georges Vongerichten, announced that HHC has invested $55M in Jean-Georges Restaurants to acquire a minority stake in the company and to fund growth capital for Jean-Georges' expanding global business. HHC will have the right to acquire an additional ownership stake in the company. The existing Jean-Georges Restaurants management team will retain control of all day-to-day decision making. Jean-Georges Restaurants currently has over 40 hospitality offerings and a strong pipeline of new concepts.
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AOTVF | Hot Stocks07:18 EDT Ascot Resources provides update on Premier Gold Project - Ascot Resources provides an update on construction financing and development plans for its Premier Gold Project, located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. In December 2020, as part of a total construction finance package of US$105M, the Company secured a US$80M senior credit facility with Sprott Private Resource Lending II LP. After drawing down the initial US$20M tranche under the Senior Facility, Ascot was required to satisfy various conditions before drawing down the remaining US$60M. However, the Company has been unable to reach an agreement with Sprott on the satisfaction of the drawdown conditions for the remaining US$60M of the Senior Facility. Therefore, the initial US$20M drawdown will remain outstanding and Ascot will pursue alternative financing options to replace the remainder of the Senior Facility. Until alternative financing can be secured Ascot will continue advancing the project with available liquidity. The Company anticipates that commencement of underground development and advancement of other key construction areas will continue as previously planned. However, certain work packages may be placed on hold until the Company is able to secure alternative funding. While the resulting implications to the project are uncertain at this time, it is possible that there will be a delay to the initial production target of Q1 2023. Upon closing of the Senior Facility agreement in December 2020, Ascot drew an initial tranche of US$20M. The remaining US$60M was to be drawn upon meeting various conditions including receipt of the Mines Act Permit and the Environmental Management Act Permit Amendments, obtaining additional funding necessary to reach project completion, and Sprott's approval of the detailed mine plan. In a recent review of the detailed mine plan, Sprott proposed certain technical conditions to be achieved. In particular, one condition requires Ascot to have a significant portion of its 12-month ore inventory classified in the Proven Reserve category. Currently, all Reserves at PGP are classified as Probable. The Company cannot guarantee the reclassification of Reserves can be achieved in the required timeframe. Therefore, the Company considers it prudent to seek alternative financing options. The Company currently has an unaudited cash balance of approximately C$90M which will enable the progression of certain critical areas of project construction in 2022. In order to commit to the entire outstanding project scope, Ascot will pursue alternative financing options to make up for the unfunded balance. The Company will also be exploring various royalty and/or stream options at PGP as an additional source of funding. The commencement of underground development into the Big Missouri deposit starting at the S1 portal remains on track for late April 2022 and will continue unabated for the time being. The progression of other key construction areas will also continue this year. Certain work packages may be put on hold until the Company is able to secure an alternative finance package. The delay of any work packages may result in delays to the overall project and the start up of production beyond the previous target of Q1 2023. The impact of delays, however, could potentially be partially offset by the ramp up from initial production to commercial and full-scale production, which the Company anticipates will be accelerated as underground development continues on schedule.
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ADCT | Hot Stocks07:17 EDT ADC Therapeutics receives permanent J-code for Zynlonta from CMS - ADC Therapeutics announced that a permanent J-code, J9359, has been issued for Zynlonta by the U.S. Centers for Medicare & Medicaid Services, or CMS, effective as of April 1.
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TSAT | Hot Stocks07:15 EDT Telesat announces DCSA granted the company a FCL, appoints board of directors - Telesat Government Solutions, a subsidiary of Canadian-based Telesat, announced that the Defense Counterintelligence and Security Agency, DCSA, has granted the company a Facility Clearance, FCL, under a Special Security Agreement, SSA, with the U.S. Government. Through the newly obtained FCL, Telesat Government Solutions will engage directly with the U.S. Government and key personnel to design and deliver advanced connectivity solutions, including communications for critical and classified national security missions. "By launching Telesat Government Solutions as a separate, U.S.-incorporated entity, this group can more strategically engage with U.S. Government end-users in this growing and important market," said Dan Goldberg, Telesat's President and CEO. "This direct collaboration will ensure that Telesat builds the capabilities and service enhancements that deliver resilient, assured connectivity in a continuously evolving threat environment." In addition, the company has appointed an experienced Board of Directors to oversee and advise Telesat Government Solutions: Scott Webster; Lieutenant General Michael Hamel; Rear Admiral Victor See, Jr.; Michael Schwartz; and Tom Eaton
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DGHI | Hot Stocks07:14 EDT Digihost expects to increase hashrate to 1.5 EH/s in 2022 - In 2021, Digihost operated at an average hashrate of approximately 275PH, producing an adjusted EBITDA of $14.01 million in the process. The Company anticipates a 1.5 EH/s average hashrate in 2022 which is approximately 5.5 times the Digihost's average hashrate in 2021. Over 90% of the energy consumed by the Company in its BTC mining operations is received from sources that create zero carbon emissions.
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DGHI | Hot Stocks07:14 EDT Digihost announces bitcoin dividend policy - The Company announces that its Board of Directors has approved a new dividend policy pursuant to which the Company expects to declare a future dividend payable in either BTC or cash at the option of each shareholder. Future levels of dividends will be established by the Board based upon market conditions at the time. It is expected that the first dividend will be 10% of net income to be paid to shareholders of record during Q3 of 2022 based upon the Company's net income for the six months ended June 30, 2022. Further announcements will be made on the declaration and payment of a dividend.
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FIX | Hot Stocks07:13 EDT Comfort Systems acquires S.C.-based acquired Atlantic Electric, no terms - Comfort Systems announced that it has acquired Atlantic Electric , and its related subsidiary headquartered in Charleston, South Carolina, and with operations in South Carolina and Western North Carolina. Atlantic was founded in 1969 and performs electrical contracting for customers in various South Carolina markets, as well as installation of airport runway lighting in the Southeast. Initially, Atlantic is expected to contribute annualized revenues of approximately $50 M and earnings before interest, taxes, depreciation, and amortization of approximately $5M. Brian Lane, Comfort Systems USA's Chief Executive Officer, commented, "Atlantic Electric and its affiliated companies bring us well-established reputations and capabilities in important Carolina markets, as well as expertise in industrial markets including runway lighting capabilities across the Southeast." Lee Richardson and Mike Richardson, President and Vice President of Atlantic Electric commented, "Choosing to join the Comfort Systems USA team was an easy decision for us, especially given the strong cultural fit, safety emphasis, and commitment to training. We believe this partnership will enhance our commitment and investment in our people and allow us to better serve our customers and communities. We feel confident in a bright future together." Considering the required amortization expense related to intangibles and other costs associated with the transaction, the acquisition is expected to make a neutral to slightly accretive contribution to earnings per share in 2022 and 2023.
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RVAC WEST | Hot Stocks07:12 EDT Westrock Coffee to go public through Riverview Acquisition combination - Westrock Coffee announced its plan to go public via a business combination with Riverview Acquisition (RVAC), which values the company at approximately $1.09B. The proposed business combination will allow Westrock Coffee to accelerate the build-out of the roasting to ready-to-drink facility, as well as the company's further expansion into Europe, Asia Pacific and the Middle East. Upon the closing of the transaction, the combined company will be named Westrock Coffee Company and is expected to be listed on the Nasdaq under the ticker symbol (WEST). Westrock Coffee is led by CEO and co-founder Scott Ford, previously president and CEO of Alltel Wireless. Riverview is led by its chairman and CEO, Brad Martin, retired chairman and CEO of Saks Incorporated and current board member of FedEx Corporation and Pilot Company. The transaction values the combined company at a pro forma enterprise value of approximately $1.09B at $10 per share, representing 1.1 times projected 2022 revenues and approximately 14.5 times projected 2022 adjusted EBITDA. As part of the transaction, Westrock Coffee will convert into a corporation and all of Westrock Coffee's existing shareholders will roll 100% of their shares into the new company and, assuming no redemptions from Riverview shareholders, will hold approximately 53% of the shares of the combined company on closing. Assuming no redemptions from Riverview shareholders, the transaction will deliver approximately $500M in gross cash proceeds to the combined company including $250M in common stock PIPE commitments at $10 per share, funded by $60M from Brad Martin, NFC Investments, and the other Riverview Acquisition Corp. founders, $25M from Westrock Coffee founders, and $78M each from HF Capital, the Haslam family investment office, and funds managed by Southeastern Asset Management. In connection with the transactions, Westrock Coffee has secured a financing commitment from Wells Fargo for a $300M senior secured pro rata credit facility to be entered into at closing, which will be used to re-finance the company's existing debt and fund its expansion plans. The boards of directors of Westrock Coffee and Riverview have each unanimously approved this transaction. The transaction is subject to customary closing conditions, including approval of the shareholders of RVAC. The transaction is expected to close by the end of Q3.
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DGHI | Hot Stocks07:12 EDT Digihost mines 75.24 BTC in March, 186.83 BTC in Q1 - Digihost Technology provides unaudited BTC production results for the month and quarter ended March 31, 2022 combined with an update on the Company's operations. "Throughout the first quarter of 2022, the Company continued to make progress on the deployment of the 10,600 M30S and M30S+ miners we acquired last year," said Michel Amar, Chairman and CEO of Digihost. "With more than half of those miners currently in operation we have more than doubled our hashrate from 415 PH at year-end 2021 to approximately 1 EH/s today, which at current network difficulty equates to approximately 4.25 coins per day on a run rate of over 120 coins mined per month. I am also pleased to announce to our shareholders that Digihost has adopted a new dividend policy pursuant to which the Company expects to declare future dividends that will be based upon our net income." Production Highlights for March 2022: Mined 75.24 BTC during the month, increasing total holdings to 797.47 BTC; Ethereum holdings of 1,000.89 ETH; Total digital asset inventory value consisting of BTC and ETH of approximately $39.6M as of March 31, 2022. Year-Over-Year Quarterly Comparison: The Company mined approximately 81.57 more BTC in Q1 2022, compared to Q1 2021, representing an increase of approximately 78%. Using the March 31, 2022 and March 31, 2021 closing BTC prices, the value of the Company's BTC mined in Q1 2022 increased by approximately $2.3 million, or 37% compared to Q1 2021.
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KONEF | Hot Stocks07:11 EDT Wellbeing Digital appoints Najla Guthrie as CEO - Wellbeing Digital Sciences and its Board of Directors are pleased to welcome Najla Guthrie as its new CEO effective March 31, 2022. Ms. Guthrie has been appointed to lead the development of an evolved competitive strategy through a refreshed mission and vision for the company. Guthrie has been the President and CEO of KGK since 1997 and most recently also held the title of CSO for Wellbeing.
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RCAT | Hot Stocks07:10 EDT Red Cat secures purchase order for drone units from NATO member country - Red Cat announces that its subsidiary Teal Drones has secured an order for 15 Golden Eagle drone units, plus spares and training, from a NATO, North Atlantic Treaty Organization, member country that has committed them to deployment in the Ukraine. "Red Cat Holdings stands by Ukraine, and we will continue to support its needs to the greatest extent possible using Teal's Golden Eagle platform," added Jeff Thompson, Red Cat's CEO. "Since the war in Ukraine began, we have seen strong interest in the Teal drone platform from numerous European countries. Defense budgets within Europe have risen seemingly overnight due to the need to support this current invasion, as well as the desire to be prepared for future geopolitical conflicts. Many countries and military units are recognizing the strategic benefit of having an adequate baseline inventory of drone units that can be invaluable in reconnaissance and surveillance on the front lines. We believe this is the first of many relationships and purchases in the region."
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GDDFF | Hot Stocks07:09 EDT Goodfood Market launches one-hour delivery in Ottawa - Goodfood Market announced the launch of one-hour delivery in Ottawa. The launch of Ottawa's micro-fulfilment center brings over 200 new jobs to the region to complete the automation technology built in the facility. Goodfood uses Dynamics 365 in partnership with Microsoft to better serve the expanding and ever-evolving market. The technology enables streamlined inbound receiving, communication with suppliers, and inventory count process, allowing the brand to operate faster, maintain a customer-centric focus, and increase profitability. In addition, Goodfood is partnering with distinct vendors to give customers their local grocery favourites, in addition to Goodfood's private label and national brand products in Ottawa. The Ottawa expansion further supports meaningful grocery choice and quick, easy access through any device, marking Goodfood's continued efforts to redefine how grocery is considered, incorporated and purchased throughout the user journey.
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AEIS SPLP | Hot Stocks07:09 EDT AE to acquire acquire SL Power Electronics rom Steel Partners for $144.5M - Advanced Energy (AEIS) announced that it has entered into a definitive agreement to acquire SL Power Electronics Corporation, a provider of customized power solutions for medical and advanced industrial applications, from Steel Partners Holdings (SPLP). The acquisition expands Advanced Energy's medical power solution offerings by adding a complementary portfolio of products and improves its ability to meet the growing needs of industrial and medical customers. "The addition of SL Power expands our offerings for industrial and medical applications," said Steve Kelley, President and CEO of Advanced Energy. "I believe SL Power's strong customer base, complementary product portfolio, and highly skilled team make it an ideal fit for Advanced Energy." Benefits include: Expands AE's addressable market in industrial and medical power supplies by over $400M. Complements AE's medical portfolio with low operating power, low emission EMI/EMC power supplies designed for use in FDA-certified Class-II and Class-III medical equipment. Pursuant to the terms of the Stock Purchase Agreement, AE will pay a base purchase price of $144.5M on a cash-free, debt-free basis and subject to a customary adjustment for working capital as of the closing. Advanced Energy expects to finance the transaction with currently available cash. For its fiscal year ending December 2021, SL Power generated $66M in revenue. The transaction has been approved by the Board of Directors of Advanced Energy. The transaction is expected to close during the second quarter of 2022 and is subject to customary closing conditions.
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BVS | Hot Stocks07:07 EDT Bioventus exercises call option to acquire CartiHeal for $315M - Bioventus announced that it has exercised its call option to acquire CartiHeal Ltd., excluding the ownership interest already owned by Bioventus, for approximately $315 million, with an additional approximately $135 million payable contingent upon the achievement of $100 million in trailing twelve month sales. Bioventus plans to finance the acquisition with additional debt. The Company's decision to exercise this option follows the U.S. Food and Drug Administration's March 29, 2022, premarket approval of CartiHeal's Agili-C implant. Agili-C was granted Breakthrough Device Designation by the FDA in 2020 and is indicated for the treatment of International Cartilage Repair Society grade III or above knee-joint surface lesions, with a total treatable area of 1-7 cm2 for patients without severe osteoarthritis. The Agili-C implant is expected to be a cost-effective solution for cartilage regeneration and bone remodeling designed to delay total knee replacement in patients with joint surface lesions of the knee. The transaction is expected to close during the second quarter subject to certain customary closing conditions, and Bioventus plans a limited market release of CartiHeal in the U.S. during the third quarter of 2022.
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AUY | Hot Stocks07:05 EDT Yamana Gold announces positive exploration results - Yamana Gold is pleased to announce an update on exploration activities at its El Penon mine, its Odyssey project at Canadian Malartic and its Wasamac project. At El Penon, positive initial drill results have been received from the early stage, developing South Deeps target located under cover and to the south of the El Penon deposit. The South Deeps area has had limited exploratory drilling in previous campaigns which were targeting shallower elevations in relation to the current exploration targets. The company believes these results have opened up a significant new near-mine area for exploration at El Penon with the potential for adding primary and secondary veins which could ultimately result in the company leveraging the higher processing capacity of the plant. At Odyssey, infill drill holes at East Gouldie further demonstrate the continuity and robustness of the known mineralization. Step out drilling continues to provide further mineralized intervals expanding on the previously disclosed intercepts 1,300 metres to the east. At Wasamac, infill drill results demonstrate a wide, robust mineralized zone, with exploration, including recent drilling at the newly discovered Wildcat South shear zone, continuing to support the strategic plan for an annual production platform of 200,000 ounces and a mine life of at least fifteen years. Near-mine exploration success has been a key driver of the company's track record of year-over-year mineral reserve replacement. Notably, mineral reserves continue to be replaced despite depletion from the open pit at Canadian Malartic, the Company's largest mine. While annually replacing mineral reserves, the company has also substantially grown mineral resources including at Canadian Malartic, where the Odyssey project's mineral resources are expected to result in future conversion to mineral reserves. The company's exploration success and track record of mineral reserve replacement and mineral resource growth provides a pathway for production growth of approximately 50% to 1,500,000 gold equivalent ounces within the ten-year outlook horizon and to meaningfully extend the production platform beyond that timeframe. Further growth beyond this level from the MARA and Suyai projects, in addition to the opportunities currently within the generative exploration portfolio provide additional upside potential to the ten-year outlook. The company will provide an overview of the identified opportunities and optionality within its existing portfolio in more depth at the upcoming Investor Day scheduled for April 5.
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USAP | Hot Stocks07:05 EDT Universal Stainless & Alloy announces base price increase on plate products - Universal Stainless & Alloy Products announced a base price increase of 7% to 12% on plate products. The increase goes into effect immediately for all new orders. Current material and energy surcharges will remain in effect. Chris Zimmer, Executive Vice President and Chief Commercial Officer, commented, "We are in an environment that has brought sharp inflationary cost increases to nearly all areas of our business, and it is necessary for us to adjust our pricing to keep up with this higher cost burden. We will continue to take the actions necessary to manage our organization and maintain our class leading customer service levels and exceptional production quality standard."
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CIGI | Hot Stocks07:05 EDT Colliers International completes acquisitions of Colliers Italy, Antirion - Colliers (NASDAQ and TSX: CIGI) announced the completion of two previously reported acquisitions: Colliers Italy, a previously affiliated full service commercial real estate firm, and Antirion SGR S.p.A., one of the largest real estate investment management firms in Italy. Senior leadership teams at Colliers Italy and Antirion will continue to oversee operations of their respective firms and retain significant shareholdings in the businesses under Colliers' unique partnership model. Antirion will begin rebranding as Colliers Global Investors Italy at close.
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NEVDF | Hot Stocks07:05 EDT Nevada Copper reports operations advances at Pumpkin Hollow Project - Nevada Copper announced operations advances at its Pumpkin Hollow Project, including record monthly production and continued expectation of up to 5kptd achieved in Q3 as planned, and previously guided. Underground Mine: Record Copper Production. In March, as the company continues to improve stoping rates, record copper production was achieved. 1,300dmt of copper concentrates were produced during the last 30 days from multiple stopes, including the high-grade Sugar Cube zone. The commissioning of the paste plant line, planned to be completed in April 2022, along with other operational improvements, is projected to facilitate quicker stope turnover leading to further increases in hoisting and production rates. 3ktpd Hoisting Achieved in March. Peak 7-day continuous hoisting rates reached 2,600 tpd in March, including achieving hoisting of 3ktpd earlier than anticipated which represents a significant production ramp-up progress milestone. Operational focus is on sustaining and increasing the 3ktpd rate in Q2, and the plan remains to reach a capacity of 4.5k to 5ktpd during Q3 2022 as previously announced. Ramp-up Continues Positive Momentum. Q1 2022 development rates are a 32% quarter-on-quarter increase over Q4 2021. Q1 2022 hoisted ore tons are a 73% quarter-on quarter increase over Q4 2021. Stope ore tons hoisted are a 17% quarter-on-quarter increase over Q4 2021, continuing the trajectory of month-on-month increases over the past 6 months. Enhanced contractor management procedures and key performance indicators are in place to further increase productivity going forward and allow greater access to additional stopes. Ventilation Infrastructure on site. All surface ventilation infrastructure arrived as planned in Q1 2022. The commissioning of the surface ventilation fans has been optimized to allow for the prioritization of ore development and is planned to be completed in Q2 in line with increased production. Q2 Milestones to increase ore hoisting rates. Completion of paste plant commissioning, enabling significantly faster stope cycles; Mining of additional high-grade ore zones; Construction of a third ore pass advanced, which when completed, enables a further increase in ore handling rates towards nameplate capacity; Sequentially higher month-on-month hoisted volumes and concentrate production; Completion of current dike heading to access further higher grade stopes. Previous Constraints Addressed. Most constraints encountered in Q4 2021 and early Q1 2022 have been resolved during Q1. The bolting fleet was refurbished, resulting in demonstrated increases in equipment availability; a damaged remote loader has been scheduled to be replaced shortly; lower contractor delivery was resolved and new KPIs agreed. While these items, plus higher property taxes, increased the cost of ramp-up execution beyond plan, the Company expects to obtain sufficient funds to address these additional costs, including the $15m accordion to its existing Credit Facility. Open Pit Project: Drill Program has commenced. Drill rigs are scheduled to arrive to site in the coming weeks and drilling to commence this month. The initial focus of the program will be in-fill and extension drilling of the open pit, to follow up on the last drilling program which identified significant additional mineralization and indicated the orebody which remains open in multiple directions, extends beyond the original pit boundary. The drilling program will also provide updated geological information for advancing the fully permitted Open Pit Project into feasibility evaluation reflecting opportunities for increased scale, larger resource and other optimization workstreams. An updated prefeasibility study is expected in Q3 2022 to incorporate the higher copper price environment. Solar Project Progress. The Company has continued to progress the planned feasibility studies for a potential solar project, with renewables consulting group Warm Springs Consulting. Exploration: The Company continues to review and evaluate its extensive mineral landholdings at and around Pumpkin Hollow. This ongoing review of the detailed aeromagnetic surveys and continued surface reconnaissance will provide a broader understanding of the geologic model and targeting across Nevada Copper's land package. The review will help direct exploration activities in 2022 on newly acquired lands and targets around the existing deposits. The work on the new ground will include surface mapping, sampling, trenching and follow up drilling. The areas of work include the Porphyry, Tedeboy, Mountain View and Black Mountain targets. Geophysical and structural targets around the existing deposits are expected to be followed up with drilling projected to begin in Q3 2022.
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DNA | Hot Stocks07:04 EDT Ginkgo Bioworks, Microba Life Sciences announce partnership - Microba Life Sciences and Ginkgo Bioworks announced a partnership to identify single-strain, live bacteria product candidates against autoimmune diseases. The collaboration aims to build on Microba's precision approach to LBP development with an in-depth evaluation of the company's strains using Ginkgo's high throughput, automated screening capabilities. Through this partnership, Ginkgo will provide high-throughput screening for Microba's proprietary library of human microbiome-isolated strains, with the goal of improving treatment for autoimmune diseases such as lupus, psoriatic arthritis and certain autoimmune liver diseases. Microba plans to leverage Ginkgo's high-throughput anaerobic culturing, multi-omics data collection and analysis, functional bioassay screening, and media and fermentation optimization capabilities to generate data sets that may help characterize potential therapeutic and non-therapeutic uses of the strains. The initial partnership combining Microba's biobank and Ginkgo's anaerobic development capabilities is expected to run approximately two years. Microba Life Sciences plans to launch its Initial Public Offering on the Australian Securities Exchange on April 5. In connection with the partnership, Ginkgo is investing $3.5M in Microba. The IPO was fully underwritten by Canaccord Genuity and Bell Potter.
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APYX | Hot Stocks07:04 EDT Apyx Medical submits 510(k) premarket notification to the FDA - Apyx Medical announced it has submitted a 510(k) premarket notification to the FDA. The 510(k) submission is intended to expand its general indication to include a specific indication for the use of the Renuvion APR Handpiece in subcutaneous dermatological and aesthetic procedures to achieve thermal coagulation/contraction to improve the appearance of lax skin in the neck and submental region.
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ATHA | Hot Stocks07:03 EDT Athira Pharma doses first subject in Phase 1 trial of ATH-1020 - Athira Pharma announced that the first subject has been dosed in a Phase 1 clinical trial investigating ATH-1020, an orally available, brain-penetrant small molecule for neuropsychiatric conditions. "This first-in-human study of ATH-1020, our second clinical product candidate, represents a significant milestone for Athira in the expansion of our clinical development pipeline and our first oral small molecule. Our novel approach targeting HGF/MET, and ATH-1020's unique pharmacology and mechanism of action, may be particularly well suited for potential treatment of neuropsychiatric indications, as evidenced by the compelling preclinical data we have recently presented," said Mark Litton, Ph.D., President and CEO of Athira Pharma. "We anticipate that the safety, tolerability and pharmacokinetic data from this Phase 1 study will help inform our further assessment of the potential of ATH-1020 in future clinical indications." The Phase 1 randomized, placebo-controlled, double-blind study will enroll approximately 68 healthy volunteers and include single and multiple ascending dose evaluations. The study will investigate the safety and tolerability of ATH-1020 as the primary endpoint and includes pharmacokinetic outcomes.
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IMCR | Hot Stocks07:03 EDT Immunocore announces EC approval of KIMMTRAK - Immunocore announces that the European Commission, EC, has approved KIMMTRAK for the treatment of HLA-A*02:01-positive adult patients with unresectable or metastatic uveal melanoma, mUM. KIMMTRAK is a novel bispecific protein comprised of a soluble T cell receptor fused to an anti-CD3 immune-effector function. "The approval of KIMMTRAK by the European Commission is a historic step as the first ever TCR therapy to be approved in the E.U.," said Bahija Jallal, Chief Executive Officer of Immunocore. "KIMMTRAK, a bispecific T-cell engager, is the first therapy to demonstrate a survival benefit in patients with unresectable or metastatic uveal melanoma. We are excited about what today's approval means for patients and their caregivers and we are working closely with national health authorities to make KIMMTRAK available as quickly as possible." The EC approval follows a positive opinion by the Committee for Medicinal Products for Human Use in February 2022. The CHMP recommendation of KIMMTRAK is based on the results of Immunocore's Phase 3 IMCgp100-202 clinical trial, which were published in the September 23, 2021 issue of the New England Journal of Medicine. With EC approval, KIMMTRAK has received marketing authorisation in all E.U. member states, and following completion of related national procedures, also in Iceland, Liechtenstein, and Norway. The United Kingdom's Medicines and Healthcare Regulatory Agency, Health Canada, and the Australian Government Department of Health Therapeutic Goods Administration have each accepted the submission of the Company's Marketing Authorisation Application.
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IBIBF | Hot Stocks07:02 EDT IBI Group completes acquisition of RLC Architects - IBI Group announced that it has completed the purchase of Florida-based architectural firm, RLC Architects. RLC's diverse team of 25 professional staff will bring significant experience across the industrial, residential, commercial, education and interior architecture sectors. RLC complements IBI's existing industrial engineering and architectural business, expands its U.S. market presence and contributes to the firm's long-term growth strategy. The Acquisition demonstrates IBI's commitment to prudent and accretive growth while supporting an ongoing commitment to sustainability, given RLC's leadership in "green design" across South Florida. Founded in 1990, RLC specializes in planning and designing buildings and communities in South Florida. Seven of RLC's recently completed projects have attained LEED certification and over fifty percent of its professional staff have their LEED accreditations. RLC's focus on sustainable design and client-focused solutions will combine with IBI's focus on improving urban livability and taking action on climate change. The Acquisition builds upon IBI Group's strategic focus on growing its urban environment and infrastructure design presence in the U.S.
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CRIS | Hot Stocks07:02 EDT Curis announces FDA partial clinical hold for TakeAim Leukemia Phase 1/2a study - Curis announced that the U.S. FDA has placed a partial clinical hold on the company's TakeAim Leukemia Phase 1/2a study. The TakeAim Leukemia study is a Phase 1/2a open-label, single arm dose escalation and expansion study of orally-administered emavusertib as monotherapy and in combination with azacitidine or venetoclax in patients with relapsed or refractory acute myeloid leukemia or high-risk myelodysplastic syndrome. While the partial hold is in place, no new patients will be enrolled in the study, and current study participants benefitting from treatment may continue to be treated with emavusertib at doses of 300mg BID or lower. With the partial hold, the FDA is requesting additional data from the study, including data related to the death of a R/R AML patient who experienced, among several conditions, rhabdomyolysis, which has previously been identified as a dose-limiting toxicity of emavusertib. Additionally, the FDA is requesting safety, efficacy, and other data, including data related to rhabdomyolysis and the company's determination of the Recommended Phase 2 Dose for emavusertib in this study. "We are committed to ensuring the safety of patients in our studies and to working collaboratively with the FDA to develop therapies that meaningfully improve and extend patients' lives," said James Dentzer, Chief Executive Officer of Curis. "Given the clinical profile of emavusertib observed to date, we are hopeful that the study can be resumed soon, after appropriate review. We continue to be confident in the potential of emavusertib to address the high unmet need of patients with AML or MDS." Curis expects to provide updated guidance on the timing of discussing the potential for a rapid registrational path for emavusertib with the FDA after the partial clinical hold is resolved and the related impact on the trial can be determined. While this partial hold does not affect the TakeAim Lymphoma study, a Phase 1/2 open-label dose escalating clinical trial investigating emavusertib in patients with B-cell malignancies, the Company has decided to pause enrollment of new patients in that study as well, pending resolution of the partial clinical hold in the TakeAim Leukemia study.
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PLX | Hot Stocks07:00 EDT Protalix, Chiesi announce BALANCE trial meets primary endpoint - Protalix and Chiesi Global Rare Diseases, a business unit of Chiesi Farmaceutici announced topline results from the BALANCE pivotal Phase III clinical trial evaluating pegunigalsidase alfa, 1 mg/kg, administered every two weeks, compared to agalsidase beta for the treatment of Fabry disease. PRX-102 is a novel, PEGylated enzyme replacement therapy, or ERT, under development for the treatment of Fabry disease. The pivotal Phase III BALANCE clinical trial has been completed and topline results from the final analysis are now available. This is a 24-month, randomized, double-blind, active control study of PRX-102 in adult Fabry patients with deteriorating renal function that was designed to evaluate the safety and efficacy of 1 mg/kg of PRX-102 administered every two weeks compared to agalsidase beta. The study enrolled 78 patients who were previously treated with agalsidase beta for at least one year with an estimated glomerular filtration rate, or eGFR, slope at screening worse than -2 mL/min/1.73 m2/year. Patients were randomized on a 2:1 ratio for switching to PRX-102 or continuing on agalsidase beta. A total of 77 patients were treated; 52 with PRX-102 and 25 with agalsidase beta. As first announced in October 2021, as part of a Type A End-of-Review meeting, the FDA, in principle, agreed that the proposed analysis of the BALANCE study demonstrating non-inferiority to agalsidase beta included in the data package for the PRX-102 biologics license application, or BLA, resubmission has the potential to support the approval of PRX-102 for the treatment of Fabry disease. Given the changed regulatory landscape in the United States with the full approval of agalsidase beta in March 2021, the primary analysis of the BALANCE study was changed from superiority to non-inferiority, as demonstrating superiority is no longer required under FDA guidelines. The primary endpoint of the BALANCE study compared the eGFR annualized changes between the two treatment arms in the ITT analysis set. The study met its pre-specified primary endpoint and demonstrated that PRX-102 was statistically non-inferior to agalsidase beta. The median of the eGFR slope in the PRX-102 arm was -2.514 mL/min/1.73 m2/year and -2.155 mL/min/1.73 m2/year in the agalsidase beta arm, demonstrating a large overlap in the confidence intervals of the two arms. The difference in medians is -0.359 mL/min/1.73 m2/year. The prespecified non-inferiority margin was met. Topline results in the PP analysis set are consistent with the ITT results. The study population was composed of 47 males and 30 females, with a mean age of 44.3 years. The mean duration of prior treatment with agalsidase beta was approximately six years. At baseline, mean eGFR was 73.33 ml/min/1.73m2 and median eGFR was 74.51 ml/min/1.73m2; mean eGFR slope was -8.21 mL/min/1.73 m2/year and median eGFR slope was -7.32 ml/min/1.73m2/year. Forty-seven patients in the PRX-102 arm experienced at least one adverse event compared to 24 in the agalsidase beta arm. The number of events adjusted to 100 years of exposure is 572.36 events for the PRX-102 arm and 816.85 events for the agalsidase beta arm. Treatment-related adverse events were reported for 21 patients in the PRX-102 arm compared to 11 in the agalsidase beta arm. The number of treatment-related events adjusted to 100 years of exposure is 42.85 events for the PRX-102 arm and 152.91 events for the agalsidase beta arm. Usage of infusion pre-medication was tapered down during the study, if possible, for all patients. At baseline, 21 patients in the PRX-102 arm used infusion premedication compared to 16 in the agalsidase beta arm. At the end of the study, only three out of 47 patients in the PRX-102 arm used infusion premedication compared to three out of 24 in the agalsidase beta arm. Even with this reduction in use of premedication, there were fewer reported infusion-related reactions with PRX-102: 11 patients in the PRX-102 arm experienced a total of 13 events compared to six patients experiencing a total of 51 events in the agalsidase beta arm. The number of infusion-related reactions adjusted to 100 infusions is 0.5 for the PRX-102 arm and 3.9 for agalsidase beta arm. Assessment of anti-PRX-102 antibodies or anti-agalsidase beta antibodies, respectively, in the study indicated that, for the PRX-102 arm, 18 patients were anti-drug antibody ADA-positive at baseline, of which 17 had neutralizing antibody activity. For the agalsidase beta arm, eight patients were ADA-positive at baseline, of which seven had neutralizing antibody activity. At the end of the two-year study, 11 patients receiving PRX-102 were ADA-positive, of which seven had neutralizing antibody activity, while in the agalsidase beta arm six were ADA-positive and all six had neutralizing antibody activity. Out of the 78 randomized patients, six patients discontinued the study: out of the five from the PRX-102 arm, one patient withdrew consent prior to the first infusion, two discontinued due to personal reasons, and two due to adverse events; one patient from the agalsidase beta arm discontinued for personal reasons. There were no deaths.
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GLT | Hot Stocks06:58 EDT Glatfelter CFO Samuel Hillard resigns, Ramesh Shettigar succeeds - Glatfelter announced that Ramesh Shettigar, Vice President, ESG, Investor Relations & Corporate Treasurer, will be promoted to the role of Senior Vice President, CFO & Treasurer, effective May 6. Shettigar's appointment follows the resignation of Samuel Hillard, the company's current Senior Vice President, CFO, effective May 6, as he pursues a new career opportunity with an early-stage technology company. The company noted that Hillard's departure is not related to Glatfelter's operations, financial reporting, or controls. Shettigar joined Glatfelter in 2014 and has served in leadership roles with increasing responsibilities critical to the company's investor relations, treasury, corporate development, and strategic initiatives. In September 2021, he was promoted to an expanded role as Vice President, ESG, Investor Relations & Corporate Treasurer, and was appointed as an executive officer by the company's Board of Directors.
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FLR | Hot Stocks06:56 EDT Fluor announces JBIC investment of $110M into NuScale Power - Fluor announced that Japan Bank for International Cooperation, through Japan NuScale Innovation, a special purpose investment entity that also includes JGC Holdings Corporation and IHI Corporation, has purchased a preferred equity position in NuScale Power for $110M from Fluor and other existing NuScale investors. The transaction is based on an approximate $1.9B equity valuation for NuScale. Following the sale and the currently pending merger of NuScale with Spring Valley Acquisition Corporation, Japan NuScale Innovation is expected to hold approximately 8%-9% of NuScale. Fluor will continue to hold a majority interest in NuScale and assist in achieving full commercialization and perform work to advance the Carbon Free Power Project in Idaho
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LL | Hot Stocks06:51 EDT LL Flooring opened seven new stores during Q1 - LL Flooring announced the opening of seven new stores during the first quarter of 2022, January-March. The new stores opened in Burlington, North Carolina; Framingham, Massachusetts; Menomonee Falls, Wisconsin; Muncie, Indiana; Rapid City, South Dakota; St. Augustine, Florida, and Tuscaloosa, Alabama. The new locations bring LL Flooring's national retail footprint to 431 stores.
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MRK | Hot Stocks06:50 EDT Merck expands vaccines manufacturing facility located in Elkton, VA - Merck reaffirmed its commitment to enable broad equitable access to the company's HPV vaccines. To support this, the company has invested significantly in manufacturing, and recently expanded its vaccines manufacturing facility located in Elkton, VA, completing the construction of 120,000 square feet and adding 150 new jobs at the site to further increase capacity and supply of the company's human papillomavirus vaccines, following regulatory reviews and approvals. Merck expects supply of its HPV vaccines to double again between 2020-2023 as the company continues to expand capacity at existing facilities and as new facilities come online.
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SMED | Hot Stocks06:49 EDT Sharps Compliance names Pat Mulloy as CEO, succeeding David Tusa - Sharps Compliance announced that it has appointed Patrick Mulloy as President & CEO. Mulloy succeeds David Tusa, who resigned from the role effective April 1, to pursue other endeavors. Pat Mulloy has served as a director of the company since February 2021. Mulloy has more than 20 years of experience in the senior housing and long-term care industry, having led three successful senior housing companies. Most recently he served as CEO of Elmcroft Senior Living, a provider of assisted and independent living, as well as memory and respite care.
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STZ STZ.B | Hot Stocks06:47 EDT Constellation Brands confirms proposal to move to single class stock structure - Constellation Brands has received a non-binding proposal from the Sands Family to declassify the company's common stock and transition to a single class common stock structure. The proposal contemplates that each share of Class B common stock would be converted into 1.35 shares of Class A common stock. It is expected that the Sands Family will continue to be Constellation's largest shareholder if a transaction were consummated on the terms proposed. According to information disclosed by the Sands Family, the proposal was not made in connection with any other corporate transaction. According to information disclosed by the Sands Family, the proposal brings "significant benefits that would accrue to the company and our stockholders," including by "increas[ing] market demand from investors who prefer single-class structures." Constellation's Board of Directors has established a Special Committee to evaluate the proposal. Any definitive agreement with the Sands Family with respect to the potential transaction must be approved by the Special Committee as well as the Board of Directors. In addition, pursuant to the terms of the proposal, any potential transaction would require the approval of holders of a majority of the shares of Class A common stock that do not also hold shares of Class B common stock.
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MULN TSLA | Hot Stocks06:46 EDT Mullen promotes John Taylor to VP global manufacturing and strategic planning - Mullen Automotive (MULN) announced the promotion of Mullen executive John Taylor to the role of senior vice-president of global manufacturing and strategic planning. In 2010, John joined Tesla (TSLA) and was one of the first 50 employees, leading the advanced manufacturing engineering group. Taylor played a role in opening Tesla's Fremont facility and manufacturing operations for the Tesla Model S and architecture for future EV projects.
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FREY OXY | Hot Stocks06:45 EDT Freyr Battery names Oscar Brown as CFO - Freyr Battery (FREY) announced the appointment of Oscar Brown to the position of Group CFO. As CFO, Brown will report to Freyr's CEO, Tom Einar Jensen, and will be responsible for financial planning, performance, reporting, and capital markets engagement across the organization. He will assume his new position at Freyr effective immediately. Brown comes with more than 30 years of energy industry experience, having most recently been Senior Vice President of Strategy, Business Development and Supply Chain for Occidental Petroleum (OXY).
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GPI | Hot Stocks06:39 EDT Group 1 Automotive acquires Toyota dealership in Albuquerque - Group 1 Automotive announced the acquisition of Larry H. Miller Toyota in Albuquerque, New Mexico. The dealership, which will be renamed Sandia Toyota, adds to the company's existing New Mexico portfolio of eight franchises which represents the Lexus, BMW, MINI, Land Rover, and Jaguar brands. The dealership is expected to generate $115M in annual revenues, bringing year-to-date total acquired revenues for Group 1 to $550M. This dealership represents the 17th Toyota store in the company's U.S. portfolio.
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VERV | Hot Stocks06:38 EDT Verve Therapeutics provides results from administration of ANGPTL3 base editor - Verve Therapeutics reported updated preclinical data in non-human primates showing durable and well-tolerated editing of the ANGPTL3 gene following administration of the company's ANGPTL3 base editor, supporting its potential as a treatment for atherosclerotic cardiovascular disease. In addition, the company provided an update on its sequential dosing research efforts, demonstrating that administration of a PCSK9 base editor followed by an ANGPTL3 base editor was durable and well-tolerated in NHPs. The data are being presented during an oral session at the American College of Cardiology 71st Annual Scientific Session & Expo.
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JMIA UPS | Hot Stocks06:38 EDT Jumia Technologies, UPS announce partnership to grow delivery services in Africa - Jumia (JMIA) and UPS (UPS) announced a partnership giving UPS access to Jumia's last mile logistics capabilities and infrastructure to grow its delivery services in Africa. Leveraging the Jumia infrastructure in Africa, UPS will offer its customers an extended range of delivery solutions, including door to door package delivery and collection, with a variety of payment options. This partnership will also allow UPS to leverage the network of Jumia drop-off and pick-up stations to expand the UPS reach and coverage across more towns and cities in Africa. The collaboration will initially cover Kenya, Morocco, Nigeria, with plans for expansion to Ghana and Ivory Coast, and thereafter to the remaining African countries where Jumia operates.
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HSIC | Hot Stocks06:34 EDT Henry Schein says CAO Gerald Benjamin to retire, Michael Ettinger named COO - Henry Schein announced that Gerald Benjamin plans to retire as Executive Vice President and Chief Administrative Officer, effective July 1, after 34 years with the company. Benjamin, who will also retire from Henry Schein's Board of Directors at the end of his current term in May, will remain an adviser to the company. In conjunction with Benjamin's retirement, Michael Ettinger will be promoted to Executive Vice President and COO, effective July 1, reporting to Stanley Bergman, Chairman of the Board and CEO of Henry Schein. Ettinger joined Henry Schein in 1994 and has served as Senior Vice President, Corporate & Legal Affairs and Secretary, since 2013 and Chief of Staff since 2015, responsible for the company's corporate affairs, communications, legal, compliance, regulatory, and security functions. Prior to his current position, he served as the company's General Counsel. The organizational changes announced today reflect the implementation of the company's succession plan for members of its senior corporate, shared services, and administrative teams.
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NVTA | Hot Stocks06:33 EDT Invitae announces commercial launch of NDD package - Invitae announced the full commercial launch of its Neurodevelopmental Disorders, or NDD, package to deliver a testing suite that can deliver actionable genetic insights to inform treatment plans for children with developmental disabilities. Invitae is the first to offer this particular suite of tests to clinicians and patients in an easily accessible format.
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SMTI | Hot Stocks06:31 EDT Sanara MedTech enters plan of merger with Precision Healing - Sanara MedTech announced that it has entered into a definitive agreement and plan of merger with Precision Healing, pursuant to which Precision Healing will merge with and into a wholly owned subsidiary of Sanara. The transaction has been approved by the boards of directors of both companies, received the requisite approval of Precision Healing stockholders and is expected to close today, subject to satisfaction of customary closing conditions. Prior to this transaction, Sanara owned 25.7% of Precision Healing on a fully diluted basis. The purchase price for this transaction consists of approximately $5.1M in stock and cash consideration, the assumption of outstanding options and warrants of Precision Healing and certain earnout obligations, valuing Precision Healing's equity at approximately $7.8M before the earnout consideration. The majority of the consideration will be paid by Sanara in stock with a limited number of non-accredited investors receiving cash. Concurrent with the closing of this transaction, Sanara is expected to enter into employment agreements with all key Precision Healing employees.
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JPM | Hot Stocks06:26 EDT JPMorgan CEO Dimon says 'not worried about our direct exposure to Russia' - In his letter to shareholders, JPMorgan CEO Dimon said, in part, "We are not worried about our direct exposure to Russia, though we could still lose about $1 billion over time. But we are actively monitoring the impact of ongoing sanctions and Russia's response, concerned as well about their secondary and collateral effects on so many companies and countries. We have been steadfast in our operating principles to be prepared for the unpredictable. Rest assured that our management teams, hundreds of us, globally, have been working around the clock to do the right thing." Reference Link
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CEI | Hot Stocks06:24 EDT Camber Energy receives noncompliance notification from NYSE - Camber Energy announced that on April 1 it received a letter from the NYSE American in response to the company's request for an extension of the date by which the company is to file outstanding financial reports. Camber Energy is not in compliance with NYSE American continued listing standards. Specifically, the company is not in compliance with Section 134 and 1101 of the NYSE American Company Guide given the company failed to timely file with the Securities and Exchange Commission the following reports: Form 10-K for the 9-month transition period ended December 31,2020; Form 10-Q for the period ended March 31, 2021; Form 10-Q for the period ended June 30, 2021 and Form 10-Q for the period ended September 30, 2021. The company intended to remedy the Filing Delinquency on or before April 1, however due to certain circumstances requested the exchange grant the company an extension of time by which to file the delayed reports. The exchange accepted the company's request and has allowed the company until May 20 to file the delayed reports. The filing delinquency will be cured via the filing of the delayed reports and the filing of the company's annual report on Form 10-K for the period ended December 31, 2021.
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TWTR | Hot Stocks06:21 EDT Twitter soars after Elon Musk discloses owning over 73M shares - Tesla CEO Elon Musk disclosed a 9.2% stake in Twitter (TWTR), which represents over 73.4M shares. The filing with the SEC does not allow for activism. Shares of Twitter are up 25%, or $9.70, to $49.01 following the news.
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CAMT | Hot Stocks06:20 EDT Camtek says Q1 revenues exceeded expectations - Camtek announced that its revenues for Q1 exceeded expectations, and it expects to report first quarter revenues of approximately $77M. The company said, "Furthermore, despite the negative global geopolitical environment and a recurring outbreak of the Covid-19 in the world, the Company had a strong quarter in terms of order momentum and has received orders of more than $110 million during the first quarter of 2022. The great majority of these orders are expected to be shipped later in 2022. The orders were received from a broad range of customers and will be used for various applications such as Advanced Interconnect Packaging including DRAM, Front End, compound semiconductors and CIS."
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CVE | Hot Stocks06:17 EDT Cenovus Energy halts crude oil price risk management activities related WTI - Cenovus Energy is announcing the suspension of its crude oil price risk management activities related to West Texas Intermediate. Given the strength of Cenovus's balance sheet and liquidity position, the company has determined these programs are no longer required to support financial resilience. Cenovus will remain well positioned to generate significant free funds flow over the long term. The company plans to announce on April 27 its first-quarter results, details on its plan for increasing shareholder returns and updated 2022 corporate guidance. Realized losses on all risk management positions for the three months ending March 31, 2022 are expected to be about $970M. Actual realizations for the first quarter of 2022 will be reported with Cenovus's first-quarter results. Based on forward prices as of March 31, 2022, estimated realized losses on all risk management positions for the three months ending June 30, 2022 are currently expected to be about $410M. Actual gains or losses resulting from these positions will depend on market prices or rates, as applicable, at the time each such position is settled. Cenovus plans to close the bulk of its outstanding crude oil price risk management positions related to WTI over the next two months and expects to have no significant financial exposure to these positions beyond the second quarter of 2022.
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ISAA | Hot Stocks06:16 EDT Hypebeast to dual list on Nasdaq, Hong Kong exchange through Iron Spark I merger - Hypebeast and Iron Spark I announced that they have entered into a definitive merger agreement that is expected to result in Hypebeast acquiring Iron Spark and becoming dual-listed on Nasdaq and the Hong Kong Stock Exchange. Founded in Hong Kong in 2005 as a sneaker blog by now executive director, chairman, and CEO Kevin Ma, Hypebeast now has a community of 26M social media followers and 18M monthly unique visitors to its digital platforms. Hypebeast achieved a CAGR of 34% from 2015 to 2021 in revenue growth and is expected to generate revenue of not less than $112M in the fiscal year ended March 31, largely driven by a growing audience of readers and the expansion of media brand partnerships. The merger with Iron Spark is expected to provide up to $180M in total gross proceeds and is expected to result in a pro forma equity valuation of $534M. Transaction implies a pro forma enterprise value of $353M, representing a 3.1x multiple based on FY2021E revenue of not less than $112M. Transaction will be funded by a combination of ISAA cash held in a trust account, newly issued Hypebeast ordinary shares, and proceeds from a PIPE transaction. Iron Spark public shareholders will continue to receive a 5c quarterly dividend until transaction close. Existing Hypebeast shareholders are expected to own 56.2% of the pro forma equity in the combined company. The transaction, which has been unanimously approved by the respective boards of directors of Hypebeast and Iron Spark, is subject to approval by Hypebeast shareholders, Iron Spark stockholders, and other customary closing conditions. The transaction is anticipated to close in Q3. The $13.3M PIPE includes cultural icons and visionaries, who have shown their support of Hypebeast's platform for cultural discovery. These include quarterback, cofounder, and investor Tom Brady; tennis superstar and advocate for social change Naomi Osaka; Thirty Five Ventures co-founders Kevin Durant and Rich Kleiman; professional Skateboarder and founder of Birdhouse Skateboards Tony Hawk; co-founder of Airbnb, chairman of Samara and Airbnb.org, Joe Gebbia; actor, filmmaker, and comedian Jonah Hill; Grammy award-winning artist Adam Levine; Electric Feel Ventures, led by manager Austin Rosen; South Korean Entertainment company, Record Label, and Creative Agency TheBlackLabel founded by Teddy Park; as well as investor in transformative entrepreneurs and LP programs IronGrey anchored by SeAH Group. Hypebeast's current management team of executive director, chairman, and CEO Kevin Ma and CFO Patrick Wong will remain in place upon transaction close. Iron Spark CEO Joshua Spear and former president of Nike Trevor Edwards are expected to be nominated to the combined company's board of directors.
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TWTR TSLA | Hot Stocks06:16 EDT Twitter jumps 27% in premarket trading after Elon Musk takes 9.2% passive stake
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TWTR TSLA | Hot Stocks06:14 EDT Tesla's Elon Musk takes 9.2% passive stake in Twitter
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ENSG | Hot Stocks06:14 EDT Ensign Group acquires assisted living facilities in California, Washington - The Ensign Group announced that it acquired the operations of the following assisted living facilities in California and Washington: Sea Cliff Assisted Living, a 84-bed assisted living facility located in Huntington Beach, California; The Grove Assisted Living, a 90-bed assisted living facility located in Riverside, California; and Redmond Heights Senior Living, a 97-bed assisted living facility located in Redmond, Washington. These acquisitions were effective April 1, 2022. The real estate at Sea Cliff Assisted Living is already owned by an Ensign affiliate. The Grove Assisted Living and Redmond Heights Senior Living will each be subject to a long-term, triple net lease. Sea Cliff Assisted Living and The Grove Assisted Living are both part of healthcare campuses that includes skilled nursing services operated by Ensign affiliates.
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BZFD | Hot Stocks06:13 EDT BuzzFeed shuts down News app - BuzzFeed announced late Friday that it was shuttering the Buzzfeed News app. "Well, folks, today's the last day of the BuzzFeed News app. Thanks for the memories and see y'all out there," the message read. Reference Link
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ATHX | Hot Stocks06:12 EDT Athersys: Healios K.K. reports update on MultiStem programs in Japan - Athersys announced that its partner, Healios K.K., has provided updates on its two clinical programs evaluating MultiStem cell therapy, for which Healios has a license and is responsible for the development and commercialization of MultiStem for ischemic stroke and acute respiratory distress syndrome in Japan on an exclusive basis. Healios reported that the last patient in its Phase 2/3 TREASURE study, evaluating MultiStem for the treatment of ischemic stroke, completed the 365-day follow-up visit. Additionally, Healios updated its progress in its discussions with the Pharmaceuticals and Medical Devices Agency regarding its MultiStem ARDS program and results from its ONE-BRIDGE study. The last patient follow-up visit represents an important milestone in the TREASURE study, as it completes the collection of all patient data and enables the final validation of the data, analyses, and preparation of results by its contract research organization for unblinding and topline disclosures. Healios anticipates that it will receive the final topline results and make disclosures in May 2022. In addition, Healios has announced feedback received from the PMDA after recent consultation meetings to obtain guidance and advice pertaining to its application for MultiStem approval for ARDS, an orphan regenerative medicine program, on the basis of its Phase 2 ONE-BRIDGE study. The ONE-BRIDGE clinical trial was designed as a 30-patient, open label study, and demonstrated promising impact from MultiStem treatment on ventilator free days and mortality. While the PMDA did not disagree with the efficacy and safety conclusions of the ONE-BRIDGE study, the PMDA advised Healios that additional supporting data is necessary for application for approval of MultiStem treatment for the ARDS indication. As a result of the guidance from the PMDA, Healios does not currently plan to apply for approval in Q2 2022. Healios will continue discussions with PMDA and work toward early application, and while it is undetermined at this time, it is expected that the application for approval is unlikely to take place in the current fiscal year.
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LTC | Hot Stocks06:09 EDT LTC Properties acquires four-property portfolio for $52M - LTC Properties announced the acquisition of four LuxeRehab centers for approximately $52M. The properties, which are located in Texas and have a combined total of 339 beds primarily in private rooms, will be operated by Ignite Medical Resorts, a current LTC operating partner. The lease term is 10 years, with two 5-year renewal options, and contains a purchase option beginning at the end of the fifth lease year through the end of the seventh lease year. The company expects to receive rent of approximately $1M in each of the third and fourth quarters of 2022 and approximately $4.3M during 2023. Rent will increase annually beginning on the third anniversary of the lease by 2.0% to 4.0% based on the change in the Medicare Market Basket Rate. Additionally, LTC provided Ignite a working capital loan for up to $2M at 8% for first year increasing to 8.25% for the second year then increasing annually with the lease rate. The company initially funded this acquisition using its unsecured revolving line of credit and intends to use proceeds from previously announced asset sales, anticipated to close in the second quarter of 2022, to pay down its unsecured revolving line of credit.
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NHI WELL | Hot Stocks06:08 EDT National Health Investors enters settlement agreement for Welltower lawsuit - NHI (NHI) has entered into a settlement agreement for the previously disclosed lawsuit styled National Health Investors, Inc. et al v. Welltower (WELL), et al Defendants. As part of the settlement agreement effective April 1, the operations of six holiday retirement independent living communities were transitioned to a joint venture with Merrill Gardens and the operations of nine Holiday independent living communities were transitioned to a joint venture with Discovery Senior Living. These ventures are structured to qualify under REIT regulations as operating partnerships allowing for NHI to participate directly in the net operating income generated by community operations as opposed to revenues limited to rents received under a triple net lease arrangement. The settlement agreement includes an additional payment of $6.9M which is expected to be recognized in the second quarter of 2022. NHI held a security deposit of $8.8M that was applied to outstanding rent and recognized in rental income in the first quarter of 2022. Additionally, on April 1, NHI transitioned a Holiday assisted living community in Florida to an existing master lease with Discovery and sold one Holiday property for approximately $3.2M in gross proceeds.
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TOI | Hot Stocks06:07 EDT The Oncology Institute names Mihir Shah as CFO, succeeding Scott Dalgleish - The Oncology Institute of Hope and Innovation announced the appointment of Mihir Shah as CFO, effective immediately. In this role, Shah will lead the Accounting, Finance, Revenue Cycle Management, and Investor Relations functions, playing a key role in driving TOI's public company success and executing the strategic growth plan. Shah succeeds Scott Dalgleish, who will serve as a senior advisor through a transition period. Most recently Shah served as CFO for Commonwealth Care Alliance.
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NVS | Hot Stocks06:06 EDT Novartis names Shreeram Aradhye president, Global Drug Development and CMO
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NVS | Hot Stocks06:06 EDT Novartis integrating Pharmaceuticals, Oncology business units
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NVS | Hot Stocks06:05 EDT Novartis shakes up structure to accelerate growth, strengthen pipeline - Novartis announced the introduction of a new organizational structure and operating model designed to support the company's innovation, growth, and productivity ambitions as a focused medicines company in the coming decade. "The simpler organizational model we are unveiling today is central to our growth strategy as it will make us more agile and competitive, enhance patient and customer orientation, unlock significant potential in our R&D pipeline and drive value-creation through operational efficiencies," said Vas Narasimhan, CEO Novartis. Novartis will integrate the Pharmaceuticals and Oncology business units and create two separate commercial organizations with a stronger geographic focus-Innovative Medicines US and Innovative Medicines International. Marie-France Tschudin, currently President, Novartis Pharmaceuticals, will become President, Innovative Medicines International and Chief Commercial Officer. In her capacity as Chief Commercial Officer, Marie-France Tschudin will oversee global marketing, medical affairs and value and access across all therapeutic areas. Victor Bulto, currently Head of US Pharmaceuticals, will become President, Innovative Medicines US. Novartis will create a new Strategy & Growth function combining corporate strategy, R&D portfolio strategy and business development. This new function will be led by a Chief Strategy & Growth Officer who will become a member of the ECN and report to the CEO. The search is currently underway for this new leader, and in the interim the function will be led by Lutz Hegemann, M.D., Ph.D., President, Global Health. Novartis will also combine its Technical Operations and Customer & Technology Solutions units to create a new Operations unit. Effective immediately, Steffen Lang, currently Global Head of Novartis Technical Operations, will become President, Operations reporting to Vas Narasimhan. Novartis has appointed Shreeram Aradhye, M.D., as President, Global Drug Development and Chief Medical Officer effective May 16th, 2022.
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ATC | Hot Stocks06:04 EDT Atotech says exposure to Ukraine and Russia 'immaterial to operations' - Atotech noted that its direct exposure to Ukraine and Russia is immaterial to operations and financial results, and is expected to be immaterial on a combined company basis as well. The Group does not source palladium directly from Russia or Ukraine, and the majority of its palladium is from South Africa and recycling sources. Additionally, the Group is continuing to pass the cost of palladium on to customers in order to mitigate the impact of price volatility on the Group's results from operations.
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SRE | Hot Stocks06:04 EDT Sempra Infrastructure, Korea Gas enter MOU to cooperate for energy transition - Sempra Infrastructure, a subsidiary of Sempra, and Korea Gas Corporation announced the companies have entered into a memorandum of understanding, or MOU, to explore opportunities to cooperate in the global energy transition to lower-carbon and zero-carbon fuels. The MOU contemplates the companies' joint collaboration around project development and offtake across multiple business areas, including liquefied natural gas, or LNG, carbon capture and sequestration, and hydrogen infrastructure. Sempra Infrastructure is currently developing multiple energy transition projects in North America, including LNG export projects to serve customers in both the Atlantic and Pacific Basin, as well as new opportunities in renewable energy, carbon capture and sequestration, hydrogen and ammonia. The referenced MOU is non-binding, and the development of these joint projects is subject to a number of risks and uncertainties, including reaching definitive agreements, securing all necessary permits, and reaching a final investment decision with respect to each project.
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RNW | Hot Stocks05:38 EDT ReNew, Indian Oil and L&T to form JV to develop green hydrogen sector in India - Indian Oil, Larsen & Toubro, or L&T, and ReNew Power announced signing of binding term sheet for the formation of a joint venture, or JV, company to develop the nascent green hydrogen sector in India. The tripartite venture is a synergistic alliance that brings together the strong credentials of L&T in designing, executing, and delivering EPC projects, IndianOil's established expertise in petroleum refining along with its presence across the energy spectrum, and the expertise of ReNew in offering and developing utility-scale renewable energy solutions. Additionally, IndianOil and L&T have signed a binding term sheet to form a JV with equity participation to manufacture and sell Electrolyzers used in the production of Green Hydrogen. The planned JVs aim to enable India's transition from a grey hydrogen economy to a greener economy that increasingly manufactures hydrogen via electrolysis powered by renewable energy. The central government in February notified the Green Hydrogen policy aimed at boosting production of green hydrogen and green ammonia to help the nation become a global hub for the environmentally friendly version of the element.
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IONS AZN | Hot Stocks05:35 EDT Ionis, AstraZeneca announce ETESIAN trial meets primary and secondary endpoints - Ionis Pharmaceuticals (IONS) and its partner, AstraZeneca (AZN), announced data from the ETESIAN Phase 2b study of ION449, an investigational antisense medicine designed to reduce blood cholesterol levels in patients with hypercholesterolemia by targeting proprotein convertase subtilisin/kexin type 9, or PCSK9. These data were presented at the American College of Cardiology's 71st Annual Scientific Session & Expo. The ETESIAN Phase 2b study's objective was to assess the efficacy, safety and tolerability of ION449 in patients with high-risk hypercholesterolemia. The study met its primary endpoint in reducing serum LDL-C levels by up to 79%. Both the 50mg and 90mg doses reached statistically significant and clinically meaningful reductions in LDL-C levels from baseline of 73% and 79%, respectively, versus 2% for placebo. The reductions in LDL-C were maintained until week 14. The trial also met the secondary endpoints, including significantly reducing PCSK9 levels by up to 94%. The 50mg and 90mg doses achieved reductions in PCSK9 levels of 89% and 94%, respectively, versus 5% for placebo. The sustained reductions in PCSK9 levels were maintained until week 14. Reducing PCSK9 levels leads to lower LDL-C levels in the bloodstream, which is known to reduce the risk of developing coronary heart disease. ION449 was generally well tolerated during the 12-week treatment period and the 12-week follow up period in the study.
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REGN SNY | Hot Stocks05:33 EDT Regeneron, Sanofi announce FDA acceptance of Dupixent sBLA - Regeneron (REGN) and Sanofi (SNY) announced the FDA has accepted for priority review the supplemental biologics license application, or sBLA, for Dupixent 300 mg weekly to treat adult and pediatric patients aged 12 years and older with eosinophilic esophagitis, or EoE, a chronic and progressive type 2 inflammatory disease that damages the esophagus and impairs the ability to swallow. The target action date for the FDA decision on this investigational use is August 3.
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RHHBY | Hot Stocks05:31 EDT Genentech announces new Ocrevus data - Genentech, a member of Roche, announced new Ocrevus data that show its benefit on disease progression and cognitive outcomes in primary progressive multiple sclerosis, or PPMS, and secondary progressive MS, or SPMS. Separate analyses on treatment disparities among newly diagnosed patients with MS by race and ethnicity will be a platform presentation at the 74th American Academy of Neurology, or AAN, annual meeting April 2-7 in Seattle. CONSONANCE data will be presented virtually at AAN April 24-26. Treatment with Ocrevus resulted in a majority of patients experiencing no disease progression in a one-year analysis of CONSONANCE, an open-label Phase IIIb trial to evaluate the effect of Ocrevus in SPMS and PPMS patients. After one year, 75% of Ocrevus-treated patients with SPMS and PPMS achieved No Evidence of Progression. NEP is a novel composite endpoint and reflects no evidence of worsening of a person's physical disability. Additionally, 59% of Ocrevus-treated patients in the trial achieved No Evidence of Progression or Active Disease over one year. NEPAD is another novel composite endpoint and reflects no evidence of clinical or MRI disease activity or worsening of a person's physical disability. Progression was primarily driven by T25-FW and activity of new and/or enlarging T2 lesions, detected almost exclusively within the first six months of the trial. The analysis also demonstrated the effects of Ocrevus on cognition, with 70% of patients having stable or improved cognition over one year, as measured with the Symbol Digit Modalities Test. Clinically meaningful improvement was observed in 34% of patients treated with Ocrevus and worsening in 30% of patients treated with Ocrevus. At enrollment, patients had moderate-to-severe dysfunction in information processing speed and visuospatial memory, which was stable or improved in a majority of patients after Ocrevus treatment. After one year of participating in the trial, 75% of patients had one or more adverse events, or AEs, and 7% experienced at least one serious AE. The interim analysis included 629 patients, and longer-term evaluation of Ocrevus will continue for four years with a target of 900 patients with PPMS or SPMS across 26 countries. Current treatment guidelines recommend the initiation of high-efficacy disease modifying therapies, or DMTs, for patients with highly active disease, as frequently seen with Black and Hispanic populations. However, a recent analysis of a U.S. commercial claims database found that only 30% of non-Hispanic Black, and 20% of Hispanic patients initiated any high-efficacy DMTs, in comparison to 39% of non-Hispanic white patients in the first two years after diagnosis. These insights further support Genentech's Phase IV 'Characterization of ocrelizumab in Minorities with Multiple Sclerosis' trial in Black/African-American and Hispanic/Latino patients with relapsing MS. The results are expected to improve the current understanding of MS disease biology and treatment response to Ocrevus among these populations with MS, to improve standard of care in traditionally underserved communities and improve inclusivity in clinical research.
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FTI EQNR | Hot Stocks05:26 EDT TechnipFMC selected by Equinor South Korea to perform FEED for Firefly project - Technip Energies (FTI) has been selected by Equinor South Korea (EQNR) to perform a Front-End Engineering Design, or FEED, for the offshore floating wind Firefly project, located 70 kilometers offshore the East Coast of South Korea. The FEED contract covers engineering of the floating wind turbine substructures for the proposed 800 megawatts offshore wind farm. The design of the substructures will include Technip Energies' in-house floater technology INO15. With a capacity of 15 megawatts, INO15 technology is a three columns semi-submersible floater which is suited for fabrication in large series. The substructure design is in alignment with Equinor's wind semi design principles. Firefly wind farm is planned for an area of 2 x 75 km2 off the coast of the city of Ulsan in South Korea and will serve to feed the Korean grid. It is planned to be in operation in 2027.
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RHHBY | Hot Stocks05:24 EDT Genentech announces FDA acceptance of Actemra intravenous sBLA - Genentech, a member of Roche, announced that the FDA has accepted the company's supplemental biologics license application, or sBLA, and has granted priority review for Actemra intravenous for the treatment of COVID-19 in hospitalized adults who are receiving systemic corticosteroids and require supplemental oxygen, non-invasive or invasive mechanical ventilation, or extracorporeal membrane oxygenation. A decision on FDA approval is expected in the second half of this year.
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WEI | Hot Stocks05:22 EDT Weidai comments on unusual market activity - Weidai issued the following statement in light of the unusual trading activity related to the American depositary shares of the company on the New York Stock Exchange on April 1. The company said, "Normally, Weidai does not comment on market activity or rumors. However, Weidai confirms that it is not aware of any undisclosed material change or development in its business and operations or rumors in the market that would account for the recent increase in trading activity, and related increase in trading price, of its ADSs on the NYSE."
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SBUX | Hot Stocks05:19 EDT Starbucks founder Howard Schultz returns as CEO, suspends stock repurchase plan - Starbucks Corporation announced the return of founder Howard Schultz as chief executive officer and as a director on the company's board. Schultz also announced Starbucks will suspend its stock repurchasing program, effectively immediately.
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PSFE... | Hot Stocks05:16 EDT Paysafe supports Ontario iGaming operators including PointsBet, Penn National - Paysafe (PSFE) has announced that it is live and supporting private iGaming operators with payments in the Canadian province of Ontario's expanded market, which has now launched. Building on longstanding payments partnerships with the Canadian provincial government-operated lotteries, Paysafe is now powering payments for operators in Ontario's new private market. Among others, these partners include PointsBet (PBTHF) and theScore Bet, a wholly-owned subsidiary of Penn National (PENN).
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ECL | Hot Stocks05:11 EDT Ecolab signs virtual power purchase agreement for wind farm in Finland - Ecolab announced the signing of a virtual power purchase agreement that will support the construction and operation of a five-turbine wind farm on the west coast of Finland. The Morknasskogen wind farm, developed by renewable energy investment and asset management firm Low Carbon, will produce approximately 100GWh of renewable energy each year, or enough energy to power more than 29,000 homes. It will reduce potential greenhouse gases by an estimated 20,900 tons and cover 100% of the electricity Ecolab uses to power all European sites including 15 major offices, 26 manufacturing facilities and seven RD&E centers. The wind farm is expected to begin operations by the end of 2023.
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VGFC | Hot Stocks05:09 EDT The Very Good Food Company terminates CEO Mitchell Scott - The Very Good Food Company announced that Mitchell Scott's employment as CEO has been terminated effective immediately. The company also announced that James Davison has resigned as chief research and development officer and as a member of the board of directors as of April 1. In lieu of immediately filling the role of CEO, Very Good has temporarily created an executive committee consisting of senior executives from within the company. The executive committee structure will be used by the organization to review and approve organizational, financial, operational and strategic decisions for the company. A search for a new CEO is being initiated by the nomination committee with the help of a Vancouver-based recruiting agency.
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VIR MTDR | Hot Stocks04:55 EDT Vir Biotechnology to replace Matador in S&P 600 at open on 4/4
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MTDR CPT | Hot Stocks04:55 EDT Matador to replace Camden Property in S&P 400 at open on 4/4
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CPT... | Hot Stocks04:55 EDT Camden Property to replace People's United in S&P 500 at open on 4/4 - M&T Bank (MTB) is acquiring People's United Financial (PBCT) in a deal expected to be completed on or about April 4.
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EMBC... | Hot Stocks04:55 EDT Embecta to replace Barnes & Noble Education in S&P 600 at open on 4/4 - Becton Dickinson (BDX) is spinning off Embecta (EMBC) in a transaction expected to be completed on April 1. Post spin-off, Becton Dickinson will remain in the S&P 500. Barnes & Noble Education is no longer representative of the small-cap market space.
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