Stockwinners Market Radar for April 11, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
PATH | Hot Stocks20:32 EDT Cathie Wood's ARK Investment bought 202.7K shares of UiPath today
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ROKU | Hot Stocks20:32 EDT Cathie Wood's ARK Investment bought 76.6K shares of Roku today
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ELMS | Hot Stocks18:39 EDT Electric Last Mile Solutions discloses 10-K late filing notice from Nasdaq - Electric Last Mile Solutions "announced that it has received a notice from The Nasdaq Stock Market stating that because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2021, the Company is no longer in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required periodic reports with the Securities and Exchange Commission. The notification letter has no immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market. Nasdaq indicated that the Company must submit a plan within 60 calendar days from April 1, 2022, or no later than May 31, 2022, addressing how it intends to regain compliance with Nasdaq's listing rules."
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AGI | Hot Stocks18:24 EDT Alamos Gold announced groundbreaking for Island Gold Mine expansion - Alamos Gold "announced the groundbreaking for the Island Gold Mine expansion. Already one of the most profitable mines in Canada, the expansion will increase production, lower costs, and be an economic engine for the Algoma region."
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SPXC | Hot Stocks17:58 EDT SPX Corporation completes ITL acquisition, sees accretion to segment margin - SPX Corporation announced that it has completed the acquisition of International Tower Lighting. ITL's results will be reported as part of SPX's AtoN platform within its Detection & Measurement segment. ITL has revenue of approximately $18M, and is anticipated to be modestly accretive. SPX anticipates updating 2022 guidance to reflect ITL when reporting Q1 2022 results in early May. "We are excited to welcome ITL to the SPX team," said Gene Lowe, President and CEO of SPX. "ITL is our third acquisition in our AtoN platform, and broadens and strengthens SPX's position in AtoN by adding widely recognized, high quality products and technology, including a leading network operations center, and value added monitoring and communications services. We see significant opportunities to continue to grow our AtoN platform worldwide; and, the acquisition of ITL is another important step in that journey."
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GROV | Hot Stocks17:53 EDT Grove announces Sergio Cervantes joins as CFO - Grove Collaborative, announced Sergio Cervantes has joined the Company as Chief Financial Officer. Cervantes comes to Grove with significant financial executive experience in global consumer products, including 18 years with Unilever and four years at Gillette. During the past six years, Cervantes served as CFO of Murad, a high-end skin-care brand that was acquired by Unilever in 2015. At Murad, Cervantes led the post-acquisition integration into Unilever's Beauty and Personal Care Prestige division and implemented operational and financial efficiencies that drove both sales growth and profit improvement. In June 2021, Cervantes took on the additional role of Acting CEO of Murad.
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EWCZ | Hot Stocks17:52 EDT European Wax Center announces special dividend of $3.30 per share - European Wax Center announced that its Board of Directors has declared a special cash dividend of $3.30 per share to holders of Class A common stock and equivalent payments to unit holders of EWC Ventures, LLC funded in part by its completed whole business securitization, which included $400 =M of senior fixed-rate term notes. The special cash dividend will be paid on May 6 to shareholders of record as of April 22. The ex-dividend date will be April 21.
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GOOG GOOGL | Hot Stocks17:49 EDT New Fitbit feature makes AFib detection more accessible - The Fitbit team blogged in part, earlier on Monday: "Fitbit received clearance from the U.S. Food and Drug Administration for our new PPG, orphotoplethysmography, algorithm to identify atrial fibrillation, AFib. The algorithm will power our new Irregular Heart Rhythm Notifications feature on Fitbit. You've got rhythm, but is it irregular? AFib is a form of irregular heart rhythm that affects nearly 33.5M people globally, and individuals with AFib have five times higher risk of stroke. Unfortunately, AFib can be difficult to detect as there are often no symptoms and episodes can come and go. Our new PPG AFib algorithm can passively assess your heart rhythm in the background while you're still or asleep. If there's anything that might be suggestive of AFib, you'll be notified through our Irregular Heart Rhythm Notifications feature - allowing you to talk with your healthcare provider or seek further assessment to help prevent a significant medical event, such as stroke." Reference Link
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ABNB | Hot Stocks17:36 EDT Airbnb director Belinda Johnson sells $3.26M in common stock - In a regulatory filing, Airbnb disclosed that its board member Belinda Johnson sold 20K shares of common stock on April 7th in a total transaction size of $3.26M.
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REGN | Hot Stocks17:31 EDT Regeneron general counsel sells $3.7M in common stock - In a regulatory filing, Regeneron disclosed that its General Counsel Joseph Larosa sold 5.1K shares of common stock on April 7th in a total transaction size of $3.7M.
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GROY | Hot Stocks17:25 EDT Gold Royalty issues update on Elemental offer - Gold Royalty is pleased to announce the conclusion of key regulatory approvals in connection with the conditions of the company's offer to acquire all of the outstanding common shares of Elemental Royalties, together with the associated rights issued under Elemental's shareholder rights plan. The company has received a "no action" letter from the Foreign Investment Review Board of the Government of Australia advising that the transactions in respect of the Offer are not subject to the Foreign Acquisitions and Takeovers Act 1975. Additionally, after consulting its advisors and reviewing relevant publicly available information regarding Elemental, the company has determined that a pre-merger notification and application under the Competition Act are not required with respect to the Offer. In connection with the foregoing and as a result of revisions made to the conditions of the Offer through the filing of Amendment No. 1 to the company's Registration Statement on Form F-4 with the U.S. SEC, the company filed a Notice of Variation and Change with respect to its Offer. The revisions contained therein do not change the scope of the conditions of the Offer in any material respect. The Notice of Variation and Change also provides additional disclosure, including, among other things, updated unaudited pro forma condensed combined financial statements that reflect the most recent fiscal periods of each of Gold Royalty and Elemental. The Offer remains open for acceptance until 5:00 p.m. (Toronto time) on April 27, unless the Offer is abridged, extended or withdrawn.
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S | Hot Stocks17:22 EDT SentinelOne holder Third Point sells $51.8M in common stock - In a regulatory filing, SentinelOne disclosed that Daniel Loeb's Third Point sold 1.5M shares of common stock on April 7th in a total transaction of $51.8M, reducing its stake from 16.6% to 12.0%.
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USFD | Hot Stocks17:01 EDT Sachem Head says 'significant change' needed in US Foods boardroom - Sachem Head Capital Management LP, a beneficial owner of approximately 8.7% of the outstanding common stock of US Foods, filed updated preliminary proxy materials with the SEC in connection with US Foods' upcoming 2022 Annual Meeting of Stockholders. Sachem Head disclosed in its updated materials that it plans to reduce its slate of seven director nominees to five director nominees. Sachem Head issued the following statement: "We continue to believe that significant change is needed in the US Foods boardroom in order for the company to begin to fulfill its potential. However, following the company's March 29, 2022 announcement that two new independent directors would be added to the Board and that long-tenured director and former US Foods CEO John Lederer would not be standing for reelection, we have reevaluated the optimal number of directors we need to put forward in order to best deliver this change. As a result, we are reducing our slate from seven to five nominees. Further detail will be provided in our definitive proxy statement, which we anticipate filing in the near term. We remain open to reaching a constructive resolution with US Foods that ensures the appropriate level of change takes place. Should that not occur, we look forward to engaging with our fellow stockholders and taking the steps we believe are necessary to achieve the best long-term outcome for all of the company's stakeholders."
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RDW | Hot Stocks17:01 EDT Redwire says it is in compliance with NYSE, SEC reporting requirements - Redwire Corporation announced that it filed its Annual Report on Form 10-K for the year ended December 31, 2021, with Securities and Exchange Commission. With this filing of the Form 10-K and the filing on April 1, 2022, of the company's Quarterly Report on Form 10-Q for the period ended September 30, 2021, Redwire is now current in its SEC filings. In addition, Redwire has received written notification from the New York Stock Exchange that it is in full compliance with the NYSE continued listing standards and was removed from the late filers' list on the Listed Standards Filing Status page.
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FCPT | Hot Stocks16:58 EDT Four Corners Property Trust acquires Illinois Mavis tire property for $2.8M - Four Corners Property Trust announced the acquisition of a Mavis Tire property for $2.8M. The property is located in a highly trafficked corridor in Illinois and is corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced at a 6.8% going-in cash capitalization rate, exclusive of transaction costs.
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BDSX | Hot Stocks16:47 EDT Biodesix director Strobeck buys $1M in company shares - Biodesix director Matthew Strobeck disclosed in a filing that he had purchased 558,659 shares of company stock at $1.79 per share on April 7 for a total transaction amount of $1,000,000.
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AGLE | Hot Stocks16:32 EDT Aeglea BioTherapeutics says PEACE Phase 3 study achieves primary endpoint - Aeglea BioTherapeutics shared additional data from the PEACE Phase 3 study during a poster presentation at the Society for Inherited Metabolic Disorders Annual Meeting being held in Orlando, FL from April 10-13. Pegzilarginase is a novel, recombinant human arginase 1 enzyme that has been shown in clinical trials to normalize the elevated levels of the amino acid arginine in patients with Arginase 1 Deficiency, a rare, progressive disease characterized by high levels of arginine. People living with ARG1-D experience severe spasticity-related mobility limitations, seizures, developmental delay, intellectual disability and early mortality. "Our clinical development program for pegzilarginase has provided the first quantitative insights into the disease burden of ARG1-D and sheds new light on both the severity of the disease and the devastating effect of uncontrolled arginine levels in these patients," said Anthony G. Quinn, M.B., Ch.B., Ph.D., president and chief executive officer of Aeglea. "The data from PEACE show the ability of pegzilarginase to markedly improve arginine control and its impact on a broad range of disease-related abnormalities. We are pleased with these results and believe pegzilarginase has the potential to change the lives of the patients and families living with ARG1-D." The company released the following findings: Achieved the primary endpoint with a highly statistically significant 76.7% reduction in mean plasma arginine in pegzilarginase treated patients compared to placebo; Normal plasma arginine levels achieved in 90.5% of pegzilarginase treated patients compared to no patients in the placebo arm; Accompanying improvements in the key secondary mobility assessments in pegzilarginase treated patients compared to patients in the placebo arm; Gross Motor Function Measure Part E: The least squares mean score improved by 4.2 units for pegzilarginase treated patients and worsened by 0.4 units in the placebo arm, establishing a positive trend; 2-minute walk test: The least squares mean distance increased 7.4 meters in pegzilarginase treated patients and 1.9 meters in the placebo arm; Pegzilarginase was well-tolerated and safety data were consistent with results from previous clinical trials. Adverse events were generally mild to moderate in severity. There were no study discontinuations due to adverse events.
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WTI | Hot Stocks16:32 EDT W&T Offshore general counsel Shahid Ghauri to leave the company - W&T Offshore announced that Shahid Ghauri, W&T's VP, general counsel and corporate secretary is leaving the company to pursue other personal interests. Nadege Assale, who has served as assistant general counsel for the past two years, will assume the role of acting general counsel until Ghauri's successor is named. Ghauri will remain with W&T through April 22 to assist in the transition.
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BEN | Hot Stocks16:32 EDT Franklin Resources reports preliminary AUM $1.4775T as of March 31 - Franklin Resources reported preliminary month-end assets under management of $1.4775T at March 31, compared to $1.4869T at February 28, 2022. This month's decrease in AUM primarily reflected long-term and cash management net outflows. For the quarter ended March 31, AUM reflected the negative impact of markets and long-term net outflows of $11.7B.
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VMEO | Hot Stocks16:24 EDT Vimeo reports revenue growth for March 18% YoY - Reports March subscribers up 6% and March Avg revenue per User or ARPU up 10% YoY. Reference Link
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AB | Hot Stocks16:21 EDT AllianceBernstein reports preliminary AUM $735B as of March 31 - AllianceBernstein announced that preliminary assets under management decreased to $735B during March from $740B at the end of February. The 0.7% decrease was due to market depreciation and firm-wide net outflows. By channel, Private Wealth generated positive net flows while Institutional and Retail posted net outflows.
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CNS | Hot Stocks16:20 EDT Cohen & Steers reports preliminary AUM of $102.1B as of March 31, 2022 - Cohen & Steers reported preliminary assets under management of $102.1B as of March 31, 2022, an increase of $3.2B from assets under management at February 28, 2022. The increase was due to market appreciation of $4.1B, partially offset by net outflows of $593M and distributions of $300M.
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APAM | Hot Stocks16:19 EDT Artisan Partners reports preliminary AUM of $159.6B as of March 31, 2022 - Artisan Partners Asset Management Inc. reported that its preliminary assets under management as of March 31, 2022 totaled $159.6B. Artisan Funds and Artisan Global Funds accounted for $76.8B of total firm AUM, while separate accounts and other AUM accounted for $82.8B.
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GDYN | Hot Stocks16:17 EDT Grid Dynamics expands European presence, ceases operations in Russia - Grid Dynamics announced it has opened new offices in Zug, Switzerland, and Yerevan, Armenia. "I'm excited for Grid Dynamics expanding its presence to Switzerland. The company's engineering talents will find matching standards and values here. We also gain immediate access to the DACH region, which will, in turn, contribute to Grid Dynamics' thriving in Western Europe," said Patrick Nicolet, Director of Grid Dynamics. Grid Dynamics also announced today it would cease remaining operations in the Russian Federation in the coming weeks. The exit plan has been in the works since the Russian invasion of Ukraine in late February. The plan includes the safe and expedient relocation of willing employees and ongoing management of projects to eliminate delivery impact to clients. A majority of employees have already relocated to various engineering centers.
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UIHC | Hot Stocks16:17 EDT United Insurance announces proposed reorganization plan - United Insurance announced a proposed reorganization plan to consolidate its four Florida domiciled insurance carriers into three, creating a more efficient operating structure going forward. The company intends to seek regulatory approval to merge Journey Insurance Company into American Coastal Insurance Company with American Coastal being the surviving entity. "We anticipate Journey's financial strength rating will ultimately sunset and its capital will be redistributed between American Coastal Insurance Company, Family Security Insurance Company, and United Property & Casualty Insurance Company," said Dan Peed, Chairman & CEO. "Our plan will enable us to achieve more balance between commercial and personal lines by reallocating existing capital across our group and allowing American Coastal Insurance Company to focus exclusively on continued profitable growth in commercial lines while Family Security Insurance Company and United Property & Casualty Insurance Company focus exclusively on restoring underwriting profitability in our personal lines business."
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JNJ | Hot Stocks16:17 EDT Janssen announces research collaboration with Bioasis - Bioasis announced that it has entered into a research collaboration with Janssen Biotech, one of the pharmaceutical companies of Johnson & Johnson. Under the terms of the agreement, Janssen will have the option to research, develop and commercialize novel products based on Bioasis' xB3TM platform. The agreement was facilitated by Johnson & Johnson Innovation.
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IVZ | Hot Stocks16:16 EDT Invesco reports preliminary AUM of $1.5559B as of March 31, 2022 - Invesco reported preliminary month-end assets under management of $1.559T an increase of 1.6% versus previous month-end. The firm achieved net long-term inflows of $5.3B is month. Non-management fee earning net inflows were $5.5B and money market net inflows were $8.3B AUM was positively impacted by favorable market returns which increased AUM by $8B Reinvested distributions increased AUM by $0.7B and FX decreased AUM by $3.4B Preliminary average total AUM for the quarter through March 31 were $1.5451T and preliminary average active AUM for the quarter through March 31 were $1.050T.
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NBRV | Hot Stocks16:14 EDT Nabriva Therapeutics enrolls first patient in Xenleta trial - Nabriva Therapeutics announced that the first patient was enrolled in a Phase 1 clinical trial to assess the safety and pharmacokinetics of oral and intravenous Xenleta in adult patients with cystic fibrosis.
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SON | Hot Stocks16:14 EDT Sonoco Products announces Rodger Fuller named COO - Sonoco announced promotions among its senior operational leadership which are aligned with the Company's strategy to simplify its operating structure to improve efficiency and effectiveness, according to Howard Coker, President and Chief Executive Officer. The appointments are effective immediately. Rodger Fuller has been named Chief Operating Officer, continuing to report to Coker. Fuller, who was previously Executive Vice President, Global Consumer and Industrial, has 36 years of operational leadership experience and will be charged with driving an increased focus on centralization and standardization for the Company's largest integrated businesses. Sean Cairns has been named President of Sonoco's Global Rigid Paper and Closures organization, including operations in Americas, Europe and Asia, reporting to Fuller. Cairns joined Sonoco in 2008 and was previously Division Vice President and General Manager of Sonoco's Consumer Products, Europe. During his tenure he has grown Sonoco's European Consumer business from less than $70 million to nearly $425 million in 2021.
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SPNE | Hot Stocks16:13 EDT SeaSpine announces commercial launch of Reef TA Interbody System - SeaSpine announced the full commercial launch of the Reef TA Interbody System.
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SSSS | Hot Stocks16:13 EDT SuRo Capital sees quarterly NAV $11.85 -$12.55, $15M added to buyback - SuRo Capital provided the following preliminary update on its investment portfolio for the first quarter ended March 31. "As we have done in the past and given that last quarter was one of the most volatile quarters for equity markets in the past couple years, we are providing a preliminary quarter end update for our shareholders. Based on information presently available, for the quarter ended March 31, we anticipate SuRo Capital's net asset value to be approximately $11.85 to $12.55 per share, inclusive of the effect of the 11c per share dividend declared during the quarter," said Mark Klein, Chairman and Chief Executive Officer of SuRo Capital. SuRo Capital's net asset value per share as of December 31, 2021 was $11.72 per share, or $11.61 adjusted for $0.11 in dividends declared during the first quarter. As previously reported, SuRo Capital's net assets totaled approximately $364.8M or $11.72 per share, at December 31 and approximately $436M, or $18.01 per share, at March 31. As of March 31, 2022, SuRo Capital's net asset value is estimated to be between $11.85 to $12.55 per share. This range includes a customary discount to the quarter-end pricing of public shares subject to certain lock up provisions at quarter-end. On March 13 the Company's Board of Directors authorized a $15M expansion of the Share Repurchase Program to $55 million. Through March 31, under the Share Repurchase Program, the Company repurchased 153,517 shares of its common stock for approximately $1.4M. Subsequent to quarter end, the Company repurchased 126,566 shares of its common stock for approximately $1.1 million. The dollar value of shares that may yet be purchased by the Company under the Share Repurchase Program is approximately $22.2M. The Share Repurchase Program is authorized through October 31.
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GBDC | Hot Stocks16:12 EDT Golub Capital announces $306.3M in new middle-market originations in Q2 - Golub Capital announced that it originated $306.3M in new middle-market investment commitments during the three months ended March 31. Approximately 94% of the new middle-market investment commitments were one stop loans, 2% were senior secured loans and 4% were equity and other securities. Of the new middle-market investment commitments, $293.6M funded at close. Total investments at fair value are estimated to have increased by approximately 5.1%, or $262.6M, during the three months ended March 31, after factoring in debt repayments, sales of securities, net fundings on revolvers and net change in unrealized gains.
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BOXL | Hot Stocks16:11 EDT Boxlight CFO Patrick Foley resigning, effective October 4 - In a regulatory filing, Boxlight disclosed that on April 5, the corporation received notice from the company's Chief Financial Officer, Patrick Foley, that he was resigning from the company, effective October 4, 2022. "Foley provided the six months' advance notice to the company in compliance with the terms of his employment agreement and stated that he is resigning for personal reasons and not due to any dispute with the company. As of this time Boxlight has not yet located an interim or permanent replacement for the position of Chief Financial Officer and Mr. Foley has agreed to assist the company in its search," the filing stated.
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CMP | Hot Stocks16:10 EDT Compass Minerals provides Q2 snow data and salt segment sales update - Compass Minerals "reported above-average fiscal 2022 second-quarter winter weather activity in its North American-served market compared to the 10-year historical average. When coupled with the fiscal 2022 first-quarter activity, this resulted in a relatively average winter for the full season ended March 2022 when compared to the 10-year historical average. Eleven representative cities in the company's primary North American highway deicing service area reported a total of 114 snow events during the fiscal 2022 second quarter, which was approximately 10% above the 10-year average and approximately 14% above the prior-year comparable period. The company sold approximately 4.8 million tons of highway deicing salt products in the fiscal 2022 second quarter compared to 4.6 million tons in the prior-year period. This total includes all highway maintenance products sold in the U.S., Canada and the U.K., as well as rock salt sold to the chemical industry. Sales of all Salt products were approximately 5.3 million tons in the fiscal 2022 second quarter compared to 5.0 million tons in the prior-year comparable quarter."
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CNS... | Hot Stocks16:09 EDT Cohen & Steers Capital issues statement on Southwest Gas Holdings - Cohen & Steers Capital Management, an affiliate of Cohen & Steers (CNS), released the following statement regarding Southwest Gas Holdings (SWX): "As an investor in Southwest Gas Holdings, we are aware that IEP Utility Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of Icahn Enterprises Holdings L.P., a Delaware limited partnership, and Icahn Enterprises Holdings (IEP), along with other entities affiliated with Carl C. Icahn has notified SWX of its intent to nominate a slate of ten nominees for election to the SWX board of directors. We intend to vote in favor of the Icahn Group's director nominees at the upcoming annual meeting."
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CGBD | Hot Stocks16:08 EDT TCG BDC changes name to Carlyle Secured Lending - TCG BDC announced that it will change its name to Carlyle Secured Lending, effective April 11.
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GILD | Hot Stocks16:08 EDT Gilead says FDA lifts partial clinical hold on MDS, AML magrolimab studies - Gilead Sciences announced that the U.S. Food and Drug Administration lifted the partial clinical hold placed on studies evaluating its investigational agent magrolimab in combination with azacitidine. The FDA removed the partial clinical hold after a review of the comprehensive safety data from each trial. With today's decision from the FDA, enrollment in the U.S. can resume for the studies investigating magrolimab in combination with azacitidine in myelodysplastic syndrome and acute myeloid leukemia. lead, in close coordination with regulatory authorities, is planning to re-open enrollment in the magrolimab studies that were placed on a voluntary hold outside of the U.S. The company is also working with the FDA regarding the remaining partial clinical hold affecting studies evaluating magrolimab in diffuse large B-cell lymphoma and multiple myeloma. The ongoing clinical studies evaluating magrolimab in solid tumors were not subject to the clinical hold. "Our confidence in the risk-benefit profile of magrolimab has been unwavering, and we continue to believe in the potential for this treatment to address the unmet medical needs faced by people living with MDS and AML," said Merdad Parsey, MD, PhD, Chief Medical Officer, Gilead Sciences. "This is a significant milestone for Gilead and, more importantly, for patients diagnosed with these cancers. We look forward to continuing our work developing magrolimab and advancing this potential cancer treatment option." During the partial clinical hold, patients already enrolled in the affected Gilead magrolimab studies, including the pivotal, Phase 3 ENHANCE study, continued receiving treatment. Prior to the trial hold, Gilead already met the pre-specified enrollment threshold required for the first interim analysis of the ENHANCE study. Based on this, Gilead is confident the readout for the first interim analysis remains on schedule for 2023.
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VRTS | Hot Stocks16:06 EDT Virtus Investment reports preliminary total AUM $183.3B as of March 31 - Compared to $183.6B at February 28 and $187.2B at December 31, 2021.
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RPTX | Hot Stocks16:06 EDT Repare Therapeutics presents updated data from ongoing Phase 1/2 TRESR study - Repare Therapeutics presented updated data from its ongoing Phase 1/2 TRESR clinical trial of RP-3500, a potent and selective oral small molecule inhibitor of ATR for the treatment of solid tumors with specific synthetic-lethal genomic alterations including those in the ATM gene at the 2022 AACR Annual Meeting. "We see promising monotherapy data across tumor types, particularly in advanced ovarian cancer where 90% of patients had failed previous treatment with PARP inhibitors and platin based therapy. We are especially pleased with the 25% overall response observed, the clinical benefit rate of 75% and a median PFS of 35 weeks in this heavily pre-treated patient population with a growing unmet need," said Maria Koehler, MD, PhD, Chief Medical Officer of Repare. "These findings, together with anticipated initial data of RP-3500 in combination with PARP inhibitors or gemcitabine expected in the second half of this year, will help us refine our development strategy for this potential best-in-class drug." "The data presented today continue to demonstrate RP-3500's promising clinical benefit given as monotherapy in patients with solid tumors with multiple genotypes, as predicted by our SNIPRx platform, as well as a potential industry-leading safety and tolerability profile for ATR inhibitors," said Lloyd M. Segal, President and Chief Executive Officer of Repare. "Our comprehensive new dataset shows ATM loss of function as a compelling opportunity to offer durable clinical benefit to patients with genetically defined tumors. Additional results beyond ATM, such as the early efficacy seen in other genotypes involving BRCA1/2, SETD2 and RAD51C alterations, represent substantial validation of our STEP2 platform to identify other synthetic lethalities as we expand TRESR and develop our pipeline of synthetic lethal candidates."
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ETON HZNP | Hot Stocks16:06 EDT Eton Pharmaceuticals CFO Wilson Troutman to retire, James Gruber to succeed - Eton Pharmaceuticals (ETON) announced the appointment of James Gruber as CFO, effective immediately. He succeeds Wilson Troutman, who is retiring. Troutman will remain with the company through the end of May to ensure a transition. Most recently, he was the U.S. Controller at Horizon Therapeutics (HZNP) for seven years, where he oversaw accounting activities for the company during its rapid growth.
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PCG | Hot Stocks16:02 EDT PG&E announces settlement agreements with six counties over Kincade, Dixie fires - Earlier, Pacific Gas and Electric Company and district attorneys representing six Northern California counties announced settlements resolving the 2019 Kincade Fire and 2021 Dixie Fire. "As a result of these agreements, no criminal charges will be filed in the Dixie Fire, and the criminal complaint regarding the Kincade Fire will be dismissed. PG&E has also entered into long-term agreements with Butte, Lassen, Plumas, Shasta, Sonoma and Tehama counties to strengthen wildfire safety and response programs and to work with local organizations affected by the fires to help rebuild impacted communities... As part of PG&E's commitment to work with local organizations and communities, most of the money that PG&E will pay as part of these settlements - over $35 million - will go to local non-profit organizations, including Fire Safe Councils, volunteer fire departments, local schools and community groups such as Rotary Clubs, Chambers of Commerce and organizations serving veterans and the homeless. In addition to the above commitments, PG&E will pay a $7.5 million civil penalty to Sonoma County related to the Kincade Fire and a $1 million civil penalty to each of the five North Valley counties related to the Dixie Fire. The financial commitments within the two stipulated agreements total $55 million over five years, and PG&E will not seek recovery of these costs from customers," the company announced. Reference Link
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BIIB | Hot Stocks15:41 EDT Moody's downgrades Biogen to Baa2 with negative outlook - Moody's Investors Service downgraded the senior unsecured ratings of Biogen to Baa2 from Baa1, concluding a review for downgrade initiated on January 14. The outlook is negative. "The downgrade follows the recent finalization of a National Coverage Decision by the US Centers for Medicare and Medicaid Services that will only provide reimbursement for Aduhelm for patients in clinical trials. The commercial prospects for Aduhelm remain extremely limited, and other core products of Biogen face declining trends due to competitive pressures. Social considerations are relevant to the rating action. This is because Moody's views healthcare reimbursement policies as a key factor related to demographics and societal trends given the need for payors to effectively manage healthcare utilization. The National Coverage Decision elevates challenges Biogen faces in improving the sales of Aduhelm," Moody's stated. Reference Link
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GH | Hot Stocks15:33 EDT Guardant Health presents data on Guardant SHIELD multi-cancer assay at AACR - Guardant Health announced new data demonstrating the ability of the company's investigational next-generation Guardant SHIELD multi-cancer assay to accurately detect early-stage cancers. "This assay is designed to analyze approximately 20,000 epigenomic biomarkers that are informative for detection of a wide range of solid tumors in a single blood test. The data for four cancer types were demonstrated as examples: colorectal, lung, pancreatic and bladder. These cancers alone account for more than 200,000 cancer-related deaths in the U.S. annually. In addition, the blood test identified the tumor tissue of origin with high accuracy... Data from the presentation show that the next-generation Guardant SHIELD multi-cancer screening assay achieved sensitivity of 90% in stages I and II colorectal cancer and 87% in stages I and II lung cancer. For more advanced cancer, sensitivity was 93% for CRC and 93% for lung cancer. Detection was assessed at 90% specificity based on a cohort of patients without cancer. This performance is on par with current guideline-recommended screening methods. Current screening options for these cancers, while effective, are limited due to low compliance rates: 66% for CRC and 14% for lung cancer. A high-performance blood test that can be completed as part of a routine patient workup has the potential to improve screening rates and, ultimately, save more lives. In addition, the multi-cancer screening assay achieved sensitivity of 73% in stages I and II pancreatic cancer and 52% in stages I and II bladder cancer. For more advanced cancer, sensitivity was 84% in pancreatic cancer and 85% in bladder cancer. Since there is no screening paradigm or diagnostic pathway for these cancers, a specificity threshold of 95% was targeted to reduce false positive rates while ensuring sensitivity is clinically impactful," the company said. These data were presented during an oral presentation at the American Association for Cancer Research, or AACR, Annual Meeting.
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BLDE | Hot Stocks14:38 EDT Blade to provide service between LA and Indio for Festival in the Desert - Blade Air Mobility announced that it is providing helicopter, plane and jet service between Los Angeles and Indio, California over both Festival in the Desert weekends, starting at $975 per seat. Melissa Tomkiel, Blade's President, said, "This is yet another opportunity for Blade to showcase our operational excellence and unique capabilities on one of the biggest stages in pop culture. As we continue to move more people in and out of city centers around the world, we remain focused on growing our service offerings on the West Coast and at marquee events facing unique congestion."
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EMKR | Hot Stocks14:26 EDT Cannell discloses 9.98% stake in Emcore, requests board members replacement - Cannell Capital has filed a 13D form with the SEC disclosing ownership of 3,720,303 shares of Emcore, or approximately 9.98% of the shares. In a letter sent to the company's Board, Cannell partially said that, "CC observes that the market values EMKR less - likely perhaps far less - than its intrinsic value. It is the opinion of CC that most, if not all, of the blame for this dramatic undervaluation rests upon the shoulders of EMKR's officers and directors, many of whom have arguably violated their duty of service to shareholders. CC requests that EMKR replace two members of the company's Board post-haste."
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AFRM | Hot Stocks14:13 EDT Affirm up in afternoon trading after Betaville publishes 'uncooked' rumor alert - Shares of Affirm Holdings are up $1.47, or 4%, to $39.05 after a rumor regarding Affirm was mentioned in an "uncooked alert" by Ben Harrington's Betaville blog, contacts tell The Fly. The M&A focused blog defines an "uncooked alert" as: "Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop, rubbish or nonsense - but then again there may be something in it, so it's worth airing on Betaville." Reference Link
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ATVI ACN | Hot Stocks13:31 EDT Activision names Kristen Hines as chief diversity, equity, inclusion officer - Activision Blizzard (ATVI) announced the appointment of Kristen Hines as its new Chief Diversity, Equity, and Inclusion Officer, effective Monday, April 25. Hines will report to Julie Hodges, Chief People Officer, and will join the company's senior leadership team. Hines joins Activision Blizzard from Accenture (ACN) where she most recently led the Global Inclusion, Diversity and Equity practice, and sat on the firm's global leadership team for the CEO Transformation practice.
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SYK | Hot Stocks13:14 EDT Stryker says CMS grants outpatient facility code for InSpace implant - Stryker announced earlier that the United States Centers for Medicare & Medicaid Services has established a new Healthcare Common Procedure Coding System code C9781 for outpatient hospitals and ambulatory surgery centers to report the insertion of Stryker's InSpace balloon implant, effective April 1. The new HCPCS code will be used to facilitate the process of health insurance claims for individuals enrolled in Medicare and other health insurance programs, allowing for more patients to have access to care with InSpace, Stryker said in a statement. "Pursuing an HCPCS code for InSpace has been a top priority for us to enable greater access for patients and surgeons in the treatment of MIRCTs," said Matt Moreau, Stryker's Sports Medicine Vice President and General Manager.
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ORI | Hot Stocks13:06 EDT Old Republic forms Old Republic Excess & Surplus, Inc. - Old Republic International announced that it is forming a new company to provide commercial Excess & Surplus Lines insurance solutions. The new company, Old Republic Excess & Surplus, will focus its operations on specialized Excess & Surplus Lines products sourced primarily through the wholesale distribution channel. The new venture will be led by Ralph Sabbagh as President. ORES will further expand Old Republic General Insurance Group's business with its distribution partners and customers. Capital requirements will be extended by Old Republic from internally available capital funds, and operating infrastructure will be provided by ORGIG's subsidiaries.
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UNAM | Hot Stocks13:05 EDT Unico American receives non-compliance notification from Nasdaq - On April 6, 2022, Unico American Corporation filed a Current Report on Form 8-K with the Securities and Exchange Commission announcing the Company's receipt of a notice from Nasdaq notifying the Company that, because its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 had not been filed with the SEC by the required due date of March 31, 2022, the Company is not in compliance with the periodic filing requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(1). Under the Nasdaq rules, the Company has 60 calendar days from receipt of the Notice to submit a plan to regain compliance with the Rule. If Nasdaq accepts the Company's plan, then Nasdaq may grant an exception of up to 180 calendar days from the due date of the Form 10-K to regain compliance. However, there can be no assurance that Nasdaq will accept the Company's plan to regain compliance or that the Company will be able to regain compliance within any extension period granted by Nasdaq. If Nasdaq does not accept the Company's plan, then the Company will have the opportunity to appeal that decision to a Nasdaq hearings panel. The notice received from Nasdaq has no immediate effect on the listing or trading of the Company's shares. However, if the Company fails to timely regain compliance with the Rule, the Company's securities will be subject to delisting from Nasdaq.
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MEGGF PH | Hot Stocks12:42 EDT Parker-Hannifin says European Commission clears acquisition of Meggitt - Parker Hannifin Corporation (PH) confirms that the European Commission has cleared the acquisition of Meggitt PLC (MEGGF), conditional on full compliance with commitments offered by Parker, including the divestment of Parker's Aircraft Wheel and Brake division, located in Avon, Ohio in the United States. Parker has begun the process of selling that business. In addition, Parker announces that the Acquisition has been approved, without any conditions, by the following regulatory bodies: the Australian Foreign Investment Review Board; the Australian Competition and Consumer Commission; the Competition and Consumer Commission of Singapore; the Saudi Arabian General Authority for Competition; the Danish Business Authority; the German Federal Ministry for Economic Affairs and Energy; the Presidency of the Italian Council of Ministries; and the Turkish Competition Board. As previously announced on August 2, 2021, the boards of Meggitt and Parker announced that they had reached agreement on the terms and conditions of a recommended all cash acquisition of the entire issued, and to be issued, ordinary share capital of Meggitt. The Acquisition remains subject to satisfaction or, where applicable, waiver of the Conditions set out in the Scheme Document, including further regulatory clearances and the sanction of the scheme of arrangement by the Court pursuant to the Companies Act. Parker continues to expect the Acquisition to close in Q3.
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TCEHY... | Hot Stocks12:12 EDT Sony, Lego holding group invest $2B in Epic Games - "Fortnite" maker Epic Games announced a $2B round of funding to advance the company's vision to build the metaverse and support its continued growth. This round includes investments from existing investor Sony Group Corporation (SONY) as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, with each party investing $1B respectively. Epic continues to have only a single class of common stock outstanding and remains controlled by its CEO and founder, Tim Sweeney. "As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time." said Kenichiro Yoshida, Chairman, President and CEO, Sony Group Corporation. "We are also confident that Epic's expertise, including their powerful game engine, combined with Sony's technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives." Epic's post-money equity valuation is $31.5B. The closing of the investment is subject to customary closing conditions, including regulatory approvals. Other investors in Epic Games include Tencent (TCEHY), KKR (KKR), and Disney (DIS). Reference Link
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NRGV | Hot Stocks12:00 EDT Energy Vault falls -9.7% - Energy Vault is down -9.7%, or -$1.77 to $16.55.
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AMRC | Hot Stocks12:00 EDT Ameresco falls -10.8% - Ameresco is down -10.8%, or -$7.50 to $61.77.
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STG | Hot Stocks12:00 EDT Sunlands Online falls -11.8% - Sunlands Online is down -11.8%, or -65c to $4.85.
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NABL | Hot Stocks12:00 EDT N-able rises 10.5% - N-able is up 10.5%, or 93c to $9.76.
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MSP | Hot Stocks12:00 EDT Datto rises 20.9% - Datto is up 20.9%, or $6.00 to $34.72.
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SAIL | Hot Stocks12:00 EDT SailPoint rises 29.1% - SailPoint is up 29.1%, or $14.44 to $64.03.
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PXXLF | Hot Stocks11:56 EDT Poxel treatment of X-Linked Adrenoleukodystrophy granted orphan status - Poxel's treatment of X-Linked Adrenoleukodystrophy was granted orphan status by the FDA, according to a post to the agency's website. Reference Link
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IMTE | Hot Stocks11:51 EDT Integrated Media enters MOU with Grown Up Group for digital assets, NFTs - Integrated Media Technology announces that on April 6, 2022 the Company's subsidiary Ace Corporation has entered into a Memorandum of Understanding with Grown Up Group Investment Holdings to enter into a business relationship to be co-content developers of Non-Fungible Tokens and other digital assets for trading on the Ouction platform; to have Ace's online digital assets exchange trading market place to be one of the partners in the metaverse to be set up by GUGIHL; and GUGIHL to establish a team for the development of a metaverse. GUGIHL is initiating the development of a metaverse focusing on Asia and China culture and art. GUGIHL intends to build up a metaverse that can host events and exhibitions in the virtual world. By using these new technologies, GUGIHL expects to be able to simulate historical cultural events in the virtual world. The Company and GUGIHL agree to formalize the definitive agreement of the cooperation within 6 months from the signing of this MOU. The Parties expect the agreement will be formalized so that ACE shall have the right to supply and services GUGIHL's Metaverse, for a period of time. GUGIHL shall bear the costs of establishment and promoting the virtual galleries for a period of not less than six months from the date the Metaverse has such number of users to be agreed by the Parties. All proceeds derived/received, including advertising and gate receipts, from the virtual galleries shall be shared 50/50 between the Parties. The Parties will do best effort to find prospective themes and contents for virtual rooms in the Metaverse. Also, once GUGIHL has completed the development or acquisition of the Metaverse, Ace shall commence promoting on its Ouction platform and to its members to share/display their NFTs contents in the Metaverse. The Parties shall also find additional prospective content providers to promote the mutual interest of the Parties. The Parties will evaluate the Metaverse once available for testing and use for a reasonable test period no less than two months; the evaluation will include consumer acceptance at the Metaverse, platform performance for effectiveness, and user experience in the Metaverse virtual world.
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LEV | Hot Stocks11:19 EDT Lion Electric, Transit announce launch of new electric heavy-duty truck - The Lion Electric Company and Transit Truck Bodies announced the launch of a new lightweight, aerodynamic, 100% electric heavy-duty truck suited for last-mile urban delivery, that was developed under an upfitter partnership model. Designed by Transit, this zero-emission vehicle built on a Lion6 chassis features an e-Classik box and was developed as part of the Mobel mobilization project that the government of Quebec is helping to finance.
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BMY | Hot Stocks11:17 EDT Bristol-Myers: Opdivo plus chemotherapy reduced risk of recurrence in study - Bristol Myers Squibb announced results from the Phase 3 CheckMate -816 trial, which showed that neoadjuvant treatment with three cycles of Opdivo in combination with chemotherapy significantly improved event-free survival, a primary endpoint, compared to chemotherapy alone in patients with resectable non-small cell lung cancer. With a minimum follow-up of 21.0 months, Opdivo with chemotherapy reduced the risk of disease recurrence, progression or death by 37% across randomized patients when administered before surgery. In patients receiving the combination, median EFS was 31.6 months, compared to 20.8 months for patients treated with chemotherapy alone. Additionally, while the data are still immature and the analysis did not reach statistical significance, favorable early overall survival results were observed with Opdivo in combination with chemotherapy. At two years, 83% of patients treated with neoadjuvant Opdivo and chemotherapy were alive, compared to 71% with chemotherapy alone. OS will continue to be followed for upcoming analyses. CheckMate -816 represents the first Phase 3 study with an immunotherapy-based combination to show a significant improvement in EFS, as well as in the other primary endpoint of pathologic complete response, in the neoadjuvant setting of NSCLC. Based on the EFS and pCR results from CheckMate -816, the U.S. Food and Drug Administration approved Opdivo in combination with platinum-doublet chemotherapy every three weeks for three cycles for adult patients with resectable NSCLC in the neoadjuvant setting in March 2022, and further applications are under review with health authorities globally.
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VERY | Hot Stocks11:11 EDT Vericity Inc trading resumes
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MTN | Hot Stocks11:10 EDT Vail Resorts announces affordable employee housing investments - Vail Resorts announced four investments to provide accessible and affordable housing for its employees at Park City Mountain in Utah, Whistler Blackcomb in British Columbia, Vail Mountain in Colorado, and Okemo Mountain Resort in Vermont as part of the company's strategic focus on investing in the employee experience. Collectively, the four investments will provide new affordable housing to more than 875 Vail Resorts employees, marking a more than 10 percent increase in affordable employee housing offered by the company across its resorts. At Park City Mountain Resort, Vail Resorts has entered into a five-year lease with Columbus Pacific Development which will provide an additional 441 employees with access to affordable housing in the new Canyons Village Employee Housing Development. It is located in the Canyons Lower Village adjacent to the Cabriolet lift and the Canyons Village Transit Hub. The long-term company lease begins with the 2022/23 season and has two five-year renewal options. The development is part of a public-private partnership between Canyons Village Management Association, Columbus Pacific, and Summit County, Utah. At Whistler Blackcomb, the company is pursuing the new Glacier 8 employee housing development, alongside the Resort Municipality of Whistler, which will provide an additional 240 employees with access to affordable housing. Glacier 8 will be located on Blackcomb Mountain, with easy access to Blackcomb and Whistler lifts. As a part of the investment, Vail Resorts has committed C$1M to enhance transit service to the site. The development is slated for a final Town Council vote this spring, and with approval, will move directly into the permitting and RFP process. Construction commencement is dependent on building permit issuance, which is anticipated by spring of 2023. At Vail Mountain, the company is pleased to move forward with the construction of workforce housing on the land Vail Resorts owns in East Vail, which will provide 165 employees with affordable housing. Vail Resorts will invest approximately $17 million in the project as the company seeks to address the scarcity of affordable housing in the Town of Vail. This project was approved by the Town of Vail in October 2019 after an extensive planning and environmental review, including a wildlife study performed with input from Colorado Parks and Wildlife. The approval was upheld by the district court in October 2020. Construction was then delayed due to the COVID-19 pandemic. The company looks forward to proceeding this summer with this essential project, which is expected to be complete by December 2023. At Okemo Mountain Resort, Vail Resorts is now under contract to purchase an existing property in Ludlow, Vermont, that will provide more than 30 employees with affordable housing. This $1M investment will provide long-term sustainable housing for employees and is just one mile from the resort. The purchase is subject to due diligence and expected to close in April.
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CVS | Hot Stocks11:08 EDT DOJ, CVS enter settlement agreement over vaccine registration accessibility - The Justice Department and the U.S. Attorney's Office for the District of Rhode Island announced a settlement agreement with CVS Pharmacy, under the Americans with Disabilities Act that will eliminate barriers preventing people with certain disabilities from getting information about COVID-19 vaccinations and booking vaccination appointments online. The agencies said, "Today's resolution is the department's fifth agreement on the critical issue of COVID-19 vaccination website accessibility, following settlement announcements with Rite Aid Corporation, Hy-Vee Inc., The Kroger Co. and Meijer Inc. The department found that CVS's COVID-19 vaccine registration portal, currently located at https://www.cvs.com/immunizations/covid-19-vaccine, was not accessible to people with certain disabilities, including those who use screen reader software or have trouble using a mouse. For instance, the types of vaccine appointments offered were not read audibly to screen reader users at the beginning of the scheduling process. Further, on the page where users pick a time for their appointment, screen reader users were told that all available times were "checked," even though the user had not made any selection. Additionally, people who use the "Tab" key instead of a mouse to navigate websites were not able to navigate past a request for insurance information in the registration process. Under today's settlement, CVS will conform web content about the COVID-19 vaccine, including the forms for scheduling an appointment to get the vaccine, to the Web Content Accessibility Guidelines, Version 2.1, Level AA. WCAG is a set of voluntary industry guidelines for making information on a website accessible to users with disabilities. CVS also must regularly test the pages of its website that include vaccine scheduling and information about the COVID-19 vaccine, and quickly fix any problems that keep people with disabilities from being able to use these pages." Reference Link
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VERY | Hot Stocks11:06 EDT Vericity Inc trading halted, volatility trading pause
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OPA | Hot Stocks10:57 EDT Forbes unveils preview of virtual Billionaires NFT collection - Forbes unveiled a preview of its virtual Billionaires NFT collection, a first of its kind NFT project for the media industry. The collection includes a set of fictional investors with an enormous theoretical portfolio and virtual net worth based on live New York Stock Exchange pricing. Each NFT Billionaire will have compelling hobbies and an eccentric Forbes accessory that will be ranked daily on the forthcoming Forbes Virtual NFT Billionaires List. Forbes has partnered with FTX, to launch an ERC-721 token on April 13. Early access to the collection is available to Forbes subscribers on April 11. The sale includes an initial drop of 100 Virtual NFT Billionaires and, when the Forbes collection sells out, interested parties can still take part in the action by looking for Forbes Virtual NFT Billionaires for sale on any ERC-721 Marketplace. Forbes recently announced plans to go public through a business combination with Magnum Opus, which is expected to close in the second quarter of 2022
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EYE | Hot Stocks10:55 EDT National Vision appoints Joe VanDette as CMO - National Vision Holdings announced that Joe VanDette has joined the company as Chief Marketing Officer, reporting to CEO Reade Fahs. VanDette will be responsible for leading the organization's Marketing function including strategic brand management, CRM, advertising and media, digital marketing, e-commerce and research/insights. VanDette most recently served as Chief Marketing and Digital Executive for Smart & Final, a chain of grocery warehouse stores.
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MET | Hot Stocks10:38 EDT MetLife Investment Management receives license from Central Bank of Ireland - MetLife Investment Management announced that MetLife Investment Management Europe has been authorized by the Central Bank of Ireland to manage and market AIFs and UCITS, two vehicles through which European investors can best access MIM's investment capabilities. Additionally, the license allows MIM Europe to offer and manage MIM's full range of investment strategies across the European Economic Area. Headquartered in Dublin, Ireland, MIM Europe will serve as the hub for MIM's business in the EEA.
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INLB | Hot Stocks10:37 EDT Unity Rd. partners get medical cannabis establishment registration certificate - Unity Rd. announced that the brand's first partners in South Dakota have received approval from Hartford, a suburb of Sioux Falls and the state for a registration certificate to operate a medical cannabis establishment in the South Dakota Medical Cannabis Program. Local entrepreneurs, B.J. Olson and Adam Jorgensen officially broke ground on their Hartford medical cannabis establishment at 404 West Opal Lane on February 25, 2022 and anticipate the shop will open this summer. With state and city approval, the medical cannabis establishment will be one of first of three in Hartford. South Dakota residents began applying for medical cannabis patient cards on November 8, 2021, and currently there are a few hundrultaneously, Unity Rd. is assisting Olson and Jorgensen in keeping close contact with cultivators in the new cannabis market. The team anticipates that initial crops will be harvested and tested throughout the summer.
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ILMN MSFT | Hot Stocks10:31 EDT Illumina names John Frank as chief public affairs officer - Illumina (ILMN) announced the appointment of John Frank as the company's Chief Public Affairs Officer. Frank joins Illumina on April 18 from Microsoft (MSFT); he will report to CEO Francis deSouza. As Illumina's Chief Public Affairs Officer, John will be the company's top strategic adviser and decision maker on government affairs and public policy matters. In this role, he will have strategic oversight for Illumina's global government affairs and public policy operations, its Corporate Social Responsibility efforts, all patient advocacy initiatives, and the privacy and ethics office.
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LLY | Hot Stocks10:19 EDT Eli Lilly says ADhere data demonstrate potential for lebrikizumab - At 16 weeks, 70% of patients with moderate-to-severe atopic dermatitis, or AD, receiving lebrikizumab combined with standard-of-care topical corticosteroids achieved at least 75% improvement in overall disease severity in the ADhere trial, Eli Lilly and Company announced at the 4th Annual Revolutionizing Atopic Dermatitis, or RAD, Conference. Lebrikizumab, an investigational IL-13 inhibitor, also showed improvements in itch, sleep interference, and quality of life when combined with TCS, compared to placebo plus TCS. Among patients taking lebrikizumab plus TCS, 41% achieved clear or almost clear skin at 16 weeks compared to 22% of patients taking placebo plus TCS. At 16 weeks, 70% of patients taking lebrikizumab plus TCS achieved an EASI-75 response compared to 42% taking placebo plus TCS. Differences between patients receiving lebrikizumab in combination with TCS and placebo with TCS were observed as early as four weeks for EASI-75. Patients treated with lebrikizumab plus TCS also achieved statistically significant improvements across key secondary endpoints including skin clearance and itching, interference of itch on sleep, and quality of life measures, compared to placebo with TCS. Clinically meaningful differences were observed as early as four weeks for itch, interference of itch on sleep, and quality of life measures. Safety results were consistent with prior lebrikizumab studies in AD. Lilly recently announced 16-week data from the ongoing ADvocate studies, and an encore presentation of results was presented at RAD 2022. Additionally, longer term data from the ADvocate studies will be disclosed in coming months. "Lilly is working to empower people with skin-related diseases, such as atopic dermatitis, to live their lives to the fullest potential. We recognize the critical need for more options for people whose disease cannot be controlled with topicals. We look forward to seeing full results from our broader Phase 3 program and advancing lebrikizumab worldwide," said Lotus Mallbris, M.D., Ph.D., vice president of global immunology development and medical affairs at Lilly.
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SQ | Hot Stocks10:08 EDT Block unveils 'next generation' of Square Stand, available today in U.S. - Square, part of Block, unveiled the next generation of Square Stand, which it said "offers businesses the most affordable, comprehensive, and easy-to-use device for conducting commerce." The company stated: "The reimagined Square Stand offers businesses the most affordable, comprehensive, and easy-to-use device for conducting commerce. Square Stand combines Square's point of sale software and hardware into one complete solution, enabling sellers to take in-person payments and manage ecommerce sales, deliveries, and buy online, pick-up in-store orders from a single place. Retaining the classic swivel design of its predecessor, the new Stand now integrates Square's lightning-fast contactless and chip card readers into the display, helping sellers simplify their countertops and keep their lines moving while eliminating the need for additional payments hardware." The new Square Stand is available online at Square Shop, beginning today in the U.S., starting at $149. The new Square Stand will be available to order from June 2022 in the UK from Square and at participating retailers.
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GE | Hot Stocks10:03 EDT GE Digital says Alliance Airlines chooses Fuel Insight for fuel efficiency - GE Digital today announced that Alliance Airlines has chosen Fuel Insight to focus efforts on saving fuel burn with fast access to flight data. The airline is building on its existing installation of GE Digital's Safety Insight solution and therefore will be able to unlock the value of the data they gather from a single software platform. Alliance Airlines has a fleet of 58 Fokker and Embraer aircraft with an additional 17 aircraft scheduled to join the fleet in 2022, providing charter, fly-in-fly-out, and wet-lease services across Australia.
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SQ | Hot Stocks10:03 EDT Block unveils 'next generation of Square Stand,' available to order from June - Square, part of Block, unveiled the next generation of Square Stand, which it said "offers businesses the most affordable, comprehensive, and easy-to-use device for conducting commerce." The company stated: "Square Stand combines Square's point of sale software and hardware into one complete solution, enabling sellers to take in-person payments and manage ecommerce sales, deliveries, and click-and-collect orders from a single place. Retaining the classic swivel design of its predecessor, the new Stand now integrates Square's lightning-fast contactless and chip card readers into the display, helping sellers simplify their countertops and keep their queues moving while eliminating the need for additional payments hardware. With contactless and chip + PIN payments making up 85% of global cashless hardware transactions on Square's platform in 2021, these new capabilities help sellers accept now-standard payments right out of the box." The new Square Stand will be available to order from June 2022 from Square and at participating retailers.
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AMK | Hot Stocks10:01 EDT AssetMark appoints Christian Chan as chief investment officer - AssetMark announced it has appointed Christian Chan, CFA as Chief Investment Officer. In this role, Chan will oversee the investment management and research teams responsible for the full suite of AssetMark-managed solutions, representing $24.7B in AUM.
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BORR | Hot Stocks10:00 EDT Borr Drilling falls -9.8% - Borr Drilling is down -9.8%, or -43c to $3.95.
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AMRC | Hot Stocks10:00 EDT Ameresco falls -11.1% - Ameresco is down -11.1%, or -$7.66 to $61.62.
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NRGV | Hot Stocks10:00 EDT Energy Vault falls -12.0% - Energy Vault is down -12.0%, or -$2.21 to $16.11.
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CTT | Hot Stocks10:00 EDT CatchMark Timber rises 7.8% - CatchMark Timber is up 7.8%, or 62c to $8.62.
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MSP | Hot Stocks10:00 EDT Datto rises 20.1% - Datto is up 20.1%, or $5.78 to $34.50.
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SAIL | Hot Stocks10:00 EDT SailPoint rises 29.1% - SailPoint is up 29.1%, or $14.44 to $64.03.
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VCKA | Hot Stocks09:51 EDT Vickers Vantage Corp. I extends time to complete business combination - Vickers Vantage Corp. I announced that it has further extended the time it has to consummate an initial business combination by an additional three months pursuant to the Company's Amended and Restated Memorandum and Articles of Association. In connection with the extension, the Company's sponsors have deposited an aggregate of $1,035,000 into the trust account established in connection with the Company's initial public offering. The deposit was made in the form of a non-interest bearing loan. If the Company completes an initial business combination, the Company will repay such loaned amounts. If the Company does not complete a business combination, it will repay such loans only from funds held outside of the trust account. The Company now has until July 11, 2022 to consummate an initial business combination. If the Company is unable to complete a business combination by such date, it will then liquidate.
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BORR | Hot Stocks09:47 EDT Borr Drilling falls -8.9% - Borr Drilling is down -8.9%, or -39c to $3.99.
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NIO | Hot Stocks09:47 EDT Nio falls -10.3% - Nio is down -10.3%, or -$2.05 to $17.95.
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AMRC | Hot Stocks09:47 EDT Ameresco falls -10.6% - Ameresco is down -10.6%, or -$7.37 to $61.91.
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DDL | Hot Stocks09:47 EDT Dingdong rises 6.1% - Dingdong is up 6.1%, or 32c to $5.56.
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MSP | Hot Stocks09:47 EDT Datto rises 20.4% - Datto is up 20.4%, or $5.87 to $34.59.
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SAIL | Hot Stocks09:47 EDT SailPoint rises 29.7% - SailPoint is up 29.7%, or $14.74 to $64.33.
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WIT | Hot Stocks09:31 EDT Wipro acquires Convergence Acceleration Solutions, terms undisclosed - Wipro announced that it has acquired Convergence Acceleration Solutions, or CAS Group, a U.S.-based consulting and program management company that specializes in driving large-scale business and technology transformation for Fortune 100 communications service providers.
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TRNO | Hot Stocks09:30 EDT Terreno Realty acquires $9.8M industrial property in Washington - Terreno Realty acquired an industrial property located in Redmond, Washington for a purchase price of approximately $9.8M.
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MMSI | Hot Stocks09:29 EDT Merit Medical receives FDA clearance for SCOUT Bx Delivery System - Merit Medical Systems has received FDA clearance for the SCOUT Bx Delivery System, the first wire-free breast localization solution that can be deployed at the time of stereotactic or MRI-guided biopsy. The SCOUT system has been utilized in nearly 300,000 breast localizations worldwide and has been referenced in more than 65 clinical publications. SCOUT is the only localization system cleared for long-term implant status for breast and soft tissue.
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XXII BAYRY | Hot Stocks09:28 EDT 22nd Century appoints Calvin Treat as CSO - 22nd Century Group (XXII) announced the appointment of Calvin Treat as Chief Scientific Officer, effective May 23, 2022. In this new role, Dr. Treat will lead the expanding scientific, research and technological operations of the company, leveraging its expertise, IP, and partnerships across all three of its alkaloid plant franchises toward becoming a global leader in specialty plant science. Treat previously served as senior vice president and head of crop technology for corn, soybean, and cotton at Bayer (BAYRY), where he oversaw more than $2B in R&D spending dedicated to seeds, traits, and crop protection while also driving tailored solutions to meet grower needs.
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GHSI | Hot Stocks09:20 EDT Guardion Health announces availability of Viactiv Omega Boost Gel Bites - Guardion Health Sciences announces the availability of Viactiv Omega Boost gel bites via its branded Shopify store. The 1,200 mg Omega-3 gel bites are designed to provide total body support, including cardiovascular, brain, joint, and eye health, and can now be purchased at https://viactiv.com. Previously, the Company had only been taking pre-orders for Viactiv Omega BOOST gel bites.
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BLNK | Hot Stocks09:19 EDT Blink Charging's Blue Corner awarded grant for energy management development - Blink Charging announced that its European subsidiary, Blue Corner, has been awarded a EUR 450,000 grant to develop its energy management services from Flanders Innovation and Entrepreneurship, the government agency that finances strategic and industrial research. As cities worldwide implement ambitious climate and emissions-reduction plans, the influx of electric vehicles and other e-mobility solutions on the road will put added stress on existing infrastructure and energy grid capacity. Energy management technologies and services that allow for the integration of renewable energy and smart charging technology can help cities achieve their zero-emission goals in the transportation and mobility sector. This award is part of the VLAIO's efforts to encourage and support innovation by funding research and development projects that collaborate between industry and public research institutions. The VLAIO funding builds on Blue Corner's expertise in EV charging and marks a significant step in the company's efforts to develop advanced technology and ultimately offer more comprehensive energy management solutions. The grant is a part of the Hub for Urban Mobility and Renewable Energy project launched by Blue Corner in collaboration with key knowledge partners in the region. The HUME project is in collaboration with the University of Louvain, Flemish knowledge institution VITO, Alfa Technical Installations, electric bus company Multiobus, NEXTENSA, urban parking operator Move, KU Leuven, and EnergyVille, to create innovative hubs for urban mobility and renewable energy.
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SUNW | Hot Stocks09:17 EDT Sunworks launches ESG reporting program - Sunworks announced that it has launched an integrated Environmental, Social and Governance reporting program, consistent with the Company's long-term commitment to value creation through sustainable business practices. In conjunction with the launch of the program, Sunworks has developed a corporate responsibility committee, named the ESG Advisory Committee, tasked with the management of all ESG activities, which will report to a dedicated, Governance and Sustainability Board-level committee responsible for program oversight. The ESG Advisory Committee is comprised of a diverse mix of accomplished Sunworks employees from throughout the organization, ensuring that the core values of Sunworks are firmly embedded within its ESG reporting function. Sunworks expects to issue its inaugural ESG report in early 2024, prepared in accordance with established, generally accepted ESG reporting frameworks. The Company intends to issue its annual ESG report at the conclusion of an internal audit of its reported data. Beginning with Sunworks' inaugural ESG report, the Company intends to introduce measurable, multi-year targets that prioritize its sustainability objectives, with an emphasis on decarbonization and climate change, diversity and inclusion and the betterment of communities where it operates. As a provider of photovoltaic and battery-based power and storage systems for the residential and commercial markets, Sunworks provides cost-effective, sustainable powering solutions. Since 2017, Sunworks systems have generated more than 195 megawatts of low-cost, reliable solar energy, serving to significantly reduce reliance on carbon-based sources of energy generation in communities across the United States. The Company believes these systems have prevented greenhouse gas emissions totaling 939,713 metric tons of carbon dioxide equivalent.
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LEXX MO | Hot Stocks09:16 EDT Lexaria Bioscience enters new agreements with Altria Client Services - Lexaria Bioscience Corp. (LEXX) announces it has entered new agreements with Altria Client Services (MO). Under the terms of these agreements, Lexaria will receive a fee to provide certain DehydraTECH powder-based nicotine formulations to be evaluated by Altria. The new agreements are in effect until March 31, 2023.
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ZYXI | Hot Stocks09:16 EDT Zynex announces $10M share repurchase program - Zynex announced that its board of directors approved a program to buy back $10M of the company's common stock. The program will commence on April 12 and is scheduled to terminate on April 11, 2023 or when the $10M buyback limit is reached.
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WAVE | Hot Stocks09:15 EDT Eco Wave Power signs pact to construct 2MW wave energy power station in Spain - Eco Wave Power announced that it has entered an official agreement with Port Adriano, Spain, for the potential construction of a wave energy power plant of up to 2MW. The agreement expands Eco Wave Power's presence in Europe and will help Spain achieve its aggressive goals for renewable power, leveraging its significant coastline capacity. According to the terms of the agreement, Port Adriano will assign a potentially suitable location to Eco Wave Power for a period of 20 years, while Eco Wave Power will be responsible for securing all the licenses, constructing, and commissioning the power plant/s and selling the electricity to be generated by the power plant in accordance with an approved production quota, to be determined for the site. Port Adriano has been in contact with Ports de les Illes Balears to inform it about the project, and will proceed to carry out all the legal procedures necessary for the installation of this innovative wave energy power plant, the first application of this technology in Spain. The power plant is planned to be constructed and commissioned in two stages: The first stage is the construction of a plant of up to 1MW. The second stage involves the construction, operation and maintenance of the remaining capacity of the plant. Port Adriano will have a right of first refusal to invest partially or fully in both stages of the project, and Eco Wave Power will have the right to combine the two stages of the project and execute the whole 2MW from the start.
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MRNA XRAY | Hot Stocks09:14 EDT Moderna appoints Jorge Gomez as CFO - Moderna, Inc., (MRNA) announced that Jorge Gomez will join Moderna as CFO, effective Monday, May 9, 2022. He will serve on Moderna's Executive Committee and report to CEO, Stephane Bancel. Gomez joins Moderna from Dentsply Sirona, Inc. (XRAY) where he served as Executive Vice President & CFO since August 2019. David Meline, Moderna's current CFO, has decided to retire and will remain with the Company as a consultant to ensure a smooth transition of the CFO role to Mr. Gomez.
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AIHS | Hot Stocks09:08 EDT Senmiao Technology reports ride-hailing platform metrics for March - Senmiao Technology announced the operating metrics for its proprietary online ride-hailing platform for the month of March. In March, Senmiao reported over 1M total completed orders, a 42.0% increase from over 0.7M total orders completed in February. Numbers reported since August 2021 include the number of completed orders from Meituan's ride-hailing platform utilizing Senmiao's network of cars and drivers for a set monthly fee. Since the launch of Senmiao's online ride-hailing platform in October 2020, approximately 16M rides have been completed using its platform. Approximately 3.8M rides have been completed on the Major Platform under Senmiao's partnership with Meituan. The number of drivers completing rides via the platform in March was 7,091, increasing approximately 18.0% from 6,008 in February.
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WKEY ROCK | Hot Stocks09:08 EDT WISeKey incorporates WISeKey Gibraltar - WISeKey International (WKEY) announced that it has incorporated WISeKey Gibraltar, a 100% owned subsidiary in Gibraltar (ROCK). The objective of WISeKey with the incorporation of WISeKey Gibraltar is to launch Phase II of the Gibraltar La Linea 4th Industrial Revolution Center GLL4iR.COM. Phase I was concluded with the launch of WISeSats IoT satellites with Space X. As part of Phase II of the project WISeKey Gibrlatar is set to launch a secure gateway to the metaverse from Gibraltar. The Phase II of GLL4IR.com was announced early this month during a presentation at Hassans law firm. In 2021, WISeKey announced the signing of two Memorandum of Understanding with Fabian Picardo, Chief Minister of Gibraltar and the Mayor of La Linea de la Concepcion, Juan Franco, for the development of a joint 4th Industrial Revolution Center of Excellence spearheading innovation in the region. As part of the Phase II of the project WISeKey is localizing its technology using one of the Gibraltar data center fortresses connected to the WISeKey Swiss Mountains Data Fortress. These facilities are used by cybersecurity, banking and e-gaming companies.
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APO | Hot Stocks09:07 EDT Intrado 5G wireless 911 call routing featured at CCA Mobile Carriers Show - Intrado Corporation announced at the 2022 CCA Mobile Carriers Show the rollout of its 5G wireless 911 routing service in private network implementations. 5G technology has led to a dramatic increase of private operators building dedicated 5G networks for enterprises, manufacturers, campuses, and others looking to harness the power of high bandwidth, low latency wireless communications. In most cases, these networks are required to meet federal mandates governing 911 calls, and Intrado is utilizing its decades of experience in public safety, innovation in Enterprise 911 compliance, and investment in 5G location technology to streamline this process. In addition to deploying native 5G wireless 911 routing for public and private networks, Intrado has made several recent strategic technology advancements to continue serving as the industry leader in end-to-end 911 services.
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OMC | Hot Stocks09:07 EDT Omnicom announces partnership with Firework - Omnicom Group announced a partnership with Firework, the world's largest livestream commerce and shoppable video platform provider. The partnership will give clients across all Omnicom agencies access to Firework's enterprise suite of proprietary short-form video and livestreaming technology, delivering shoppable livestreaming video directly to brand websites.
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SONO | Hot Stocks09:06 EDT Sonos acquiures 'audio transducers' firm Mayht for $100M to enhance portfolio - Sonos announced the acquisition of Mayht Holding BV, a Netherlands-based company that has invented a new, revolutionary approach to audio transducers. Transducers are the foundational element within speakers that create sound, and Mayht has re-engineered them to enable smaller and lighter form factors without compromising on quality. "Mayht's breakthrough in transducer technology will enable Sonos to take another leap forward in our product portfolio," said Patrick Spence, CEO. "This strategic acquisition gives us more incredible people, technology and intellectual property that will further distinguish the Sonos experience, enhance our competitive advantage, and accelerate our future roadmap." Under the terms of the agreement Sonos acquired Mayht for approximately $100M in existing cash on hand. Further details will be provided on Sonos' Q2 earnings call in May.
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ISPO | Hot Stocks09:06 EDT Inspirato announces 2023 luxury cruise program - Inspirato Incorporated announced its 2023 "Inspirato Only" luxury cruise program featuring eight custom voyages spanning five continents. The Company also announced that the new slate of cruises, which represents a significant expansion of the Company's 2022 cruise program, resulted in record-breaking bookings from Inspirato subscribers in its first 24 hours of release. This included more than $3 million of reservations in the first 24 hours and immediate sell-outs of the new Greek Isles Yacht Cruise and Egypt and The Nile River Cruise.
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RMTI DVA | Hot Stocks09:06 EDT Rockwell Medical expands partnership with DaVita - Rockwell Medical (RMTI) announced an expanded partnership with DaVita (DVA). Rockwell Medical has been working to revise certain terms of its supply contracts with customers in an effort to stabilize its concentrates business. These two agreements with DaVita are designed to help ensure that Rockwell Medical is on a more stable financial footing to supply its partners so they can serve patients undergoing dialysis in their centers. The amended supply agreement is designed to enable Rockwell Medical's concentrates business the potential to operate profitably in the future. Additionally, DaVita entered into a stock purchase agreement under which it will invest up to $15M in convertible preferred stock in two tranches. The first tranche of $7.5M has been funded and is initially convertible into 7,500,000 shares of common stock at a conversion price of $1.00 per share. DaVita has also committed to investing another $7.5M, if Rockwell satisfies certain conditions.
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GRVI | Hot Stocks09:05 EDT Grove's SaaS ad tech platform partners with Maropost - Interactive Offers, wholly owned subsidiary of Grove, announces a partnership with Maropost, a marketing automation and eCommerce platform, to provide an easy solution for newsletter publishers to monetize the emails they send to subscribers. When the ad unit is installed in the email, Interactive Offers will programmatically place ads that yield the newsletter the highest earning opportunities while producing ROI for the advertiser each time a person opens an email. This joint partnership creates a revenue opportunity for all parties involved, with Interactive Offers serving more targeted ads and Maropost retaining and acquiring new users by offering in-email, programmatic monetization. Grove CEO, Allan Marshall commented, "Since the acquisition, we've been focused on building out our programmatic ad technology, Interactive Offers. This marks a significant step forward with our Maropost partnership. It opens the door to a list of publishers across multiple industries and gives advertisers an easy way to monetize their lists."
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MRNA XRAY | Hot Stocks09:05 EDT Moderna announces Jorge Gomez as CFO - Moderna (MRNA) announced that Jorge Gomez will join Moderna as CFO, effective Monday, May 9. He will serve on Moderna's executive committee and report to CEO, Stephane Bancel. Gomez joins Moderna from Dentsply Sirona (XRAY) where he served as executive VP and CFO since August 2019.
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ZM | Hot Stocks09:05 EDT Zoom Video announces new education features - Zoom Video Communications announced, at the CoSN2022 national conference, new features for education in response to requests from teachers and administrators. These features span Zoom's Chat and Meetings offerings and are designed to support teachers who need to engage and manage students joining class remotely or submitting homework assignments. Chromebooks are a popular choice for students and teachers. Virtual background and blur are now available for Zoom for Chrome Progressive Web Application users. Zoom developed this capability after requests from various education customers, including Clayton County Public Schools, one of the 100 largest school districts in the United States, serving more than 52,000 students in Georgia. Breakout Rooms, a popular education feature, also received enhancements in this latest release. Program Audio allows meeting hosts to share content with audio to Breakout Rooms, adding the ability to share videos with audio. With the LTI Pro integration enhancement, educators can populate Breakout Rooms from the course roster. This can be used to assign Breakout Rooms in advance, then automatically sort students into Breakout Rooms. Other new features include sending audio and video messages into Zoom Chat, and the ability to rename participants in the Waiting Room. Asynchronous video allows users the time to consider their responses and then record as needed to provide thoughtfully crafted responses. Users can click "video" at the bottom of the chat client and record up to a 3-minute video message that goes directly into the out-of-meeting chat channel. This is useful for situations such as students submitting brief video assignments. Renaming participants before they join the meeting can be useful for attendance taking where students may be using shared devices, for creating an anonymous student group, or for affirming gender identity. Anywhere Polls will allow polling content to live in a central repository that can be accessed from any meeting on an account, instead of being associated with a particular meeting. This will make it easier for instructors to reuse polls and will also be beneficial for grading. This feature will be available soon.
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DASH | Hot Stocks09:04 EDT DoorDash launches DashPass for Students - DoorDash announced the launch of DashPass for Students, the new membership plan for college students that unlocks the best of the local community both on and off campus. For just $4.99 a month, DashPass for Students is the ultimate tool and most convenient and wallet-friendly option for students to get whatever they need on DoorDash delivered on-demand, from thousands of eligible restaurants, convenience and grocery stores, and local and national retailers. At half the price of a standard monthly DashPass membership, DashPass for Students members will enjoy access to always-on benefits and perks including unlimited $0 delivery fees on eligible orders over the minimum subtotal plus 10% off order subtotals year-round from reduced service fees, 5% DoorDash credits back on every eligible Pickup order, and members-only promotions and DashPass exclusive menu items. The DashPass for Students membership is eligible for all undergraduate and graduate students at accredited colleges and universities in the US.
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EDIT | Hot Stocks09:04 EDT Editas Medicine announces dosing of first pediatric patient in BRILLIANCE trial - Editas Medicine announced the administration of EDIT-101, an experimental CRISPR gene editing medicine, to the first pediatric patient enrolled in the BRILLIANCE clinical trial, which is designed to test the safety of EDIT-101 for the treatment of Leber congenital amaurosis 10, a CEP290-related retinal degenerative disorder. "Administering the experimental medicine to the first pediatric patient in the BRILLIANCE trial marks a significant milestone toward delivering on the potential of CRISPR gene editing medicines being safe and effective in treating LCA10, which often results in significant vision loss and blindness early in life," said James C. Mullen, Chairman, President, and CEO, Editas Medicine. "Currently, there are no approved treatments for LCA10, and we look forward to sharing future updates from the BRILLIANCE trial, including sharing additional clinical data, later this year." Editas Medicine initiated enrollment in the pediatric mid-dose cohort in the BRILLIANCE trial following the Independent Data Monitoring Committee endorsement based on an analysis of safety data from a clinical trial in adult patients that tested low-dose and mid-dose levels of the experimental medicine. The Company remains on track to complete testing of the pediatric mid-dose in the first half of 2022 and expects to initiate testing of the pediatric high-dose this year.
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LEXX | Hot Stocks09:04 EDT Lexaria Bioscience enters DehydraTECH fee agreement with Altria Client Services - Lexaria Bioscience announced it has entered new agreements with Altria Client Services. Under the terms of these agreements, Lexaria will receive a fee to provide certain DehydraTECH powder-based nicotine formulations to be evaluated by Altria. The new agreements are in effect until March 31, 2023.
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RDHL | Hot Stocks09:03 EDT RedHill Bio: Opaganib shows 'potent in vitro efficacy' against Omicron variant - RedHill Biopharma announced study results in which opaganib, a leading oral drug candidate for hospitalized patients with moderate to severe COVID-19, was observed to have potent in vitro efficacy against the Omicron SARS-CoV-2 variant, while maintaining host cell viability. Based on the new and previously announced data, opaganib's unique human host-targeted, dual antiviral and anti-inflammatory suggested mechanism is expected to act independently of viral spike protein mutations and remain effective against Omicron sub-variants BA.2, XE and other emerging and future variants. Dr. Michael Chan, Principal Investigator, of the Centre for Immunology and Infection, said: "The results of this study showed opaganib exerting potent inhibition of Omicron SARS-CoV-2 variant viral replication in a model that we believe comes as close as currently possible to representing the Omicron clinical pathophysiological pathway. These are highly promising results that lend further weight to opaganib's hypothesized host-mediated antiviral activity and expected effect irrespective of viral variant."
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NLSN | Hot Stocks09:03 EDT Nielsen to develop eMbrace solution for Horizon Media - Horizon Media developed the idea and overarching purpose of eMbrace and enlisted Nielsen to develop the software and data solution. This new communications and media planning platform, which recalibrates population-based, survey/panel outputs for a more equitable emphasis of Asian, Black, and Hispanic insights, is a critical precursor to media and investment planning, will help advertisers develop more thorough, inclusive strategies to better engage diverse audiences. Through the analytics and analyses of eMbrace, brand marketers will now have an equity index score yielding insights that will help drive channel mixes that are more inclusive of polycultural segments to better drive connections, resonance, and business outcomes. eMbrace will also identify actionable business growth opportunities that would otherwise be minimized or "washed out" in a typical "general market" population-based analysis. As important, the eMbrace analyses will enable media planning strategies to more equitably allocate investments and partnerships across minority-owned and minority-targeted media.
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TOL | Hot Stocks09:01 EDT Toll Brothers announces Cresta Del Sol community open for sale - Toll Brothers announced Cresta Del Sol, its newest luxury home community in Star, Idaho, is now open for sale. Situated at West Beacon Light Road and North Pollard Lane, Cresta Del Sol will offer 223 luxurious single-family homes in a serene rural location just minutes from shopping, dining, and outdoor recreation. Home buyers have their choice of 22 single- and two-story home designs in four distinct collections ranging from 1,586 to 4,067 square feet, with home prices beginning in the mid-$600,000s. Home sites at Cresta Del Sol are expansive, and some are elevated to offer picturesque views of the surrounding Boise foothills.
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MSP | Hot Stocks08:58 EDT Datto spikes 21% pre-open after Kaseya says acquiring at $35.50 per share - Datto Holding is up over 21% or $6.14 to $34.86 per share, in pre-market trading, after IT management and security software for MSPs firm Kaseya said it will acquire Datto for $35.50 per share in a transaction that values Datto at approximately $6.2B. The offer represents a 52% premium to Datto's unaffected stock price of $23.37 as of March 16. This deal also represents a 48% premium to the unaffected 30-day volume-weighted average price of Datto stock for the period ending March 16. The transaction, which is currently expected to close in the second half of 2022, is subject to the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals. In addition to unanimous board approval, shareholders holding in aggregate approximately 70% of the issued and outstanding shares of common stock of Datto have approved the transaction by written consent. No further action by other Datto shareholders is required to approve the transaction. Upon completion of the transaction, Datto's common stock will no longer be listed on the New York Stock Exchange. The companies will operate completely independently until the transaction has been finalized.
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CYTO | Hot Stocks08:54 EDT Altamira Therapeutics announces publication on in vitro Bentrio data - Altamira Therapeutics announced that the International Journal of Molecular Sciences published a peer-reviewed paper confirming the Company's positive research findings regarding the in vitro efficacy and safety of its drug-free nasal spray, Bentrio, against the SARS-CoV-2 Delta variant. The subject study, conducted by Altamira, tested the safety and efficacy of Bentrio against the Delta variant on an in vitro 3D model of the primary human nasal airway epithelium. Safety was assessed in assays for tight junction integrity, cytotoxicity, and cilia beating frequency. The study authors concluded, "The results suggest that AM-301 is safe and significantly decelerates SARS-CoV-2 replication in cell culture inhibition assays of prophylaxis and mitigation. Its physical mechanism of action, safety and efficacy, warrant additional investigations both in vitro and in vivo for safety and efficacy against a broad spectrum of airborne viruses and allergens." Separately, on March 11, the Company announced efficacy data from testing its Bentrio nasal spray in vitro against the Omicron variant of SARS-CoV-2. The IJMS article is entitled "Drug-Free Nasal Spray as a Barrier against SARS-CoV-2 and Its Delta Variant: In Vitro Study of Safety and Efficacy in Human Nasal Airway Epithelia,"
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CYTO | Hot Stocks08:51 EDT Altamira publishes findings on Bentrio efficacy against delta variant - Altamira Therapeutics announced that the International Journal of Molecular Sciences, or IJMS, published a peer-reviewed paper confirming the company's research findings regarding the in vitro efficacy and safety of its drug-free nasal spray, Bentrio, against the SARS-CoV-2 delta variant. The subject study, conducted by Altamira, tested the safety and efficacy of Bentrio against the Delta variant on an in vitro 3D model of the primary human nasal airway epithelium. Safety was assessed in assays for tight junction integrity, cytotoxicity, and cilia beating frequency. The study authors concluded, Separately, on March 11, the company announced efficacy data from testing its Bentrio(TM) nasal spray in vitro against the omicron variant of SARS-CoV-2.
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AA | Hot Stocks08:51 EDT Australia funds Alcoa to pilot carbon-reduction tech for alumina refining - Alcoa announced that Australian governments have provided $7.7M of funding to conduct pilot trials on a new carbon reduction technology that supports Alcoa's Refinery of the Future initiative. Alcoa of Australia has received support to test electric calcination with $6.4M from The Australian Renewable Energy Agency, ARENA, and $1.3M from Western Australia's Clean Energy Future Fund, CEFF. Calcination is the final stage in the alumina refining process and uses fossil fuels, primarily natural gas, to heat alumina hydrate crystals. Electric calcination, when powered with renewable energy, has the potential to significantly reduce carbon emissions. Additionally, electrification of calciners would allow significant amounts of residual energy, currently lost in the atmosphere as steam, to be captured and reused, saving water and negating the need for stacks to vent that steam. "We are the lowest carbon intensity alumina producer in the world, and we have a technology roadmap of future-oriented research and development projects with the goal to reduce our footprint even further," said Eugenio Azevedo, Alcoa's Vice President for Continuous Improvement. "With this support from Australian governments, we are working on our vision to reinvent the aluminum industry for a sustainable future, which includes advancing projects of global significance for the aluminum
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XRAY | Hot Stocks08:47 EDT Dentsply Sirona CFO Jorge Gomez resigns - DENTSPLY SIRONA announced that EVP and CFO Jorge Gomez has resigned from the Company, effective May 6, 2022, to assume a CFO position at another public company. The Company is initiating a search process to identify its next CFO.
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EGY | Hot Stocks08:44 EDT Vaalco Energy announces drilling of Avouma 3H-ST development well - VAALCO Energy announced the drilling of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. Highlights: Successfully drilled the Avouma 3H-ST development well with a lateral of 268 meters in high-quality Gamba sands at the top of the structure; Encountered premium Gamba sands with 28% porosity and one Darcy of permeability; Confirms extension of Avouma reservoir and is forecasted to increase the overall recovery from the field, potentially allowing for additional wells at Avouma; Currently completing the Avouma 3H-ST well with initial production expected in the next few weeks; and Following completion, the drilling program will continue with the spudding of the ETBSM-1HB ST2 development well from the Avouma platform. George Maxwell, VAALCO's CEO, commented, "With the drilling of the Avouma 3H-ST well, VAALCO continues the success of our 2021/2022 drilling campaign. We are very excited by the high-quality Gamba sands that we encountered drilling the Avouma 3H-ST well. The well confirms the extension of the Avouma field into an updip location that should lead to increased recovery at Avouma and opens the potential for additional development well opportunities. The continued success of our drilling campaign further demonstrates the quality of our premier Etame asset. We expect the well to be online in the next few weeks and will provide the market with an update when we have initial production data. Post completion we will begin drilling the next planned well on the Avouma platform, the ETBSM-1HB ST2 development well. Our focus is on continuing to execute on our strategy and delivering strong operational and financial results. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value."
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NVCT | Hot Stocks08:43 EDT Nuvectis Pharma recaps oral presentation highlights of NXP800 at AACR - Nuvectis Pharma provided highlights from the oral presentation of NXP800 that took place yesterday at the American Association for Cancer Research, AACR, Conference in New Orleans. "We are very pleased to have been given the opportunity to showcase NXP800 at the New Drugs On The Horizon session of the 2022 Annual AACR Meeting," said Ron Bentsur, Chairman and Chief Executive Officer of Nuvectis. Bentsur continued, "The oral presentation of NXP800, our clinical stage Heat Shock Factor 1 pathway inhibitor, provided important insights into over a decade-long program of focused and rationally-designed discovery and optimization work that resulted in the selection of NXP800 as the clinical candidate. The presentation also provided robust proof-of-concept for the selection of ovarian clear cell carcinoma and endometrioid ovarian carcinoma as the two lead indications for clinical development, as well as for the potential utility of ARID1a as a patient selection marker in these two diseases and additional solid tumors. We continue to advance the clinical program of HSF1 and plan to share clinical data from the Phase 1 study later this year. In addition, there is a broad range of preclinical studies underway designed to identify additional target tumor types for clinical trials." NXP800 Oral Presentation Key Highlights: Multiple independent publications implicate HSF1 in various cancers; Pharmacodynamic markers for NXP800 activity identified ; HSF1 gene cluster is downregulated; CHAC1, which encodes the protein that degrades glutathione, is activated; ARID1a is a biomarker that predicted sensitivity to treatment with NXP800; In-vivo xenograft models of OCCC and endometrioid ovarian cancer in which ARID1a was mutated were more sensitive to treatment with NXP800; Large-scale screening of a wide range of human cancer cell lines showed that ARID1a loss was associated with increased sensitivity to treatment with NXP800 in ovarian, gastric, intestinal and other cancer cell lines; and Phase 1 clinical trial ongoing.
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LAB | Hot Stocks08:42 EDT Standard BioTools launches Hyperion+ Imaging System - Standard BioTools announced the launch of the Hyperion+ Imaging System, the new standard in high-plex spatial imaging, providing lower limits of detection as well as improved sample capacity and time to results. The Hyperion+ Imaging System provides researchers with a deep understanding of disease and response to treatment, with the ability to stratify subjects by linking high-plex data to outcomes in clinical studies. The system can process 100-plus samples per week, performing at twice the speed of the current Hyperion Imaging System, with a 1.6x lower limit of detection. This enables detection of dim markers, an advantage that can be critical for lower-expressing markers often used in translational studies.
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EXLS | Hot Stocks08:41 EDT ExlService selected by HealthPartners to develop care management platform - EXL announced that it was selected by HealthPartners to develop a next-generation care management solution. Using EXL's CareRadius platform, HealthPartners will now be able to incorporate population health analytics directly into its care management workflow. "Effective care management requires a real-time view of patient engagement with the healthcare system, whether that care is occurring in a primary care physician's office, with a specialist, at a retail clinic or via telehealth," said Sam Meckey, Executive Vice President and Business Head at EXL Health. "By integrating data from multiple external data sources into automated workflows, EXL's CareRadius makes it possible to not only coordinate and collaborate more effectively, it also provides critical insights on gaps in care that need to be addressed. We're thrilled to implement this groundbreaking solution with HealthPartners to help redefine effective value-based care."
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NNDM | Hot Stocks08:41 EDT Nano Dimension moves U.S. headquarters to Greater Boston area - Nano Dimension announced the opening of its new US headquarters in Waltham, a community in the Boston metropolitan area. As part of its business plan, the Company is relocating its US Headquarters to the greater Boston, MA area. Nano Dimension will now work in closer vicinity to academic and research institutions which are key early adopters of its ground-breaking solutions for AME, PE, and Micro-AM. Nano Dimension's new facility is near the Massachusetts Institute of Technology, Harvard, and Boston University, among many other private and public universities and research-and-development labs. The office relocation also broadens the high-tech talent pool available to the Company. Nano Dimension has already brought on two industry insiders to help navigate the new landscape of academia and technology innovators. Gene Howard Weiner, a legendary veteran of the printed circuit board marketplace for decades, has been retained as a consultant through his Massachusetts firm Weiner International Associates. In addition, Dana Korf, Principal Consultant at Korf Consultancy, has signed on as Nano Dimension's new AME Standards Manager. The new headquarters will house expanded sales operations, customer support and fabrication facilities that will be used for customer open houses and continued support for the AME Academy events and local organizations. Nano Dimension retains its presence in Sunrise, Florida, as a marketing, sales support, NaNoS printing services and logistics center.
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SABR | Hot Stocks08:40 EDT Sabre announces new agreement with Bear Luxe Japan - Sabre announced a new agreement with Japan-specific luxury travel platform and business-to-business membership portal Bear Luxe Japan, to better connect its hoteliers to global markets while creating elevated experiences for travelers. Inspired by the companions who accompanied aristocrats on their Grand Tours in the 17th to 19th centuries, who were known as Bear-leaders, Bear Luxe Japan is a global network of luxury travel designers and leading Japanese luxury hotels in Japan. It aims to develop and deliver a luxury travel ecosystem to enable the international market to access the rich traditions and culture of Japan. The new relationship will further cement Sabre's growing footprint in Japan, while opening further access for Bear Luxe member hoteliers - primarily consisting of independent Japanese luxury hotels - through the Sabre SynXis hospitality platform and Bear Luxe Japan's international reach of the luxury travel market, to the markets and channels high-end travelers use to book their luxury trips to Japan. Bear Luxe will be utilizing a comprehensive suite of Sabre SynXis solutions to grow geographic reach, target the corporate travel market, drive increased bookings, and create personalized travel experiences.
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EJH | Hot Stocks08:39 EDT E-Home Household Service enters MoU to explore acquisition of Zhongrun - E-Home Household Service announced that the Company, via its controlled subsidiary E-Home Household Service, has entered into a Memorandum of Understanding, MoU, to explore the acquisition of Zhongrun Pharmaceutical. E-Home expects the acquisition could be completed within the next two month. Pursuant to the MoU, Zhongrun is engaged in 1) Drug development: research and development of new drugs, pharmaceutical excipients, medical devices, health supplements, and consultation services. 2) Drug sales: new and special drug varieties, concentrated drug decoction pieces, proprietary Chinese traditional medicines, chemical pharmaceutical preparations, antibiotic APIs, antibiotic preparations, biological products, etc. 3) Medical equipment: Class I medical equipment, washing and nursing supplies. 4) Special food: Prepackaged food, special food for which Zhongrun has advanced office, storage and logistics self-distribution system. Wenshan Xie, Chairman and CEO of E-Home, commented: "We look forward to welcoming Zhongrun to E-Home and joining our current household services network in China, as medicine, medical care, and nursing supplies are becoming part of the big health industry and are also necessities of home life. The pharmaceutical industry has become the focus of competition among economic powers. Many countries regard the establishment of the pharmaceutical industry as a symbol of national prosperity. In this era, the pharmaceutical industry will develop more steadily, together with Zhongrun we can bring healthy food and nursing supplies through door-to-door service via our current home service network in China, which is also an effective strategy for us to expand our current market share and service capabilities in China. Entering the big health industry through Zhongrun acquisition, we could also sell drugs and health supplements to the international market from Hong Kong."
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FSLR | Hot Stocks08:39 EDT First Solar announces order for 750 MW modules from Origis Energy - First Solar announced that Origis Energy has placed an order for 750 megawatts DC of responsibly-produced thin film photovoltaic solar modules. The deal, which was booked prior to the release of First Solar's Q4 and Full Year 2021 earnings in February, utilizes First Solar's agile contracting approach and Origis will benefit from any advances in technology through 2024, when the Cadmium Telluride thin film modules will be delivered to its projects across the United States. First Solar and Origis share a long-standing relationship spanning five years and over 1.5 gigawatts DC of thin film modules.
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MMMB | Hot Stocks08:37 EDT MamaMancini's sells out of Original Meatballs in a Cup - MamaMancini's announced results from the highly successful launch of its new product - Original Meatballs in a Cup - quickly selling out on an initial QVC airing in March 2022 after receiving robust engagement on its social media channels. "We are pleased to report that the introduction of Meatballs in a Cup) was an instant hit with our target audience and social media community," said Carl Wolf, Chairman and CEO of MamaMancini's Holdings, Inc. "These 'comfort in a cup' quick serve, simple meals are a protein-oriented snack and dinnertime favorite - packaged in a convenient heat-and-eat container that we believe will prove popular in convenience store applications as well. Our marketing campaigns on social media continue to enhance our sales partnership with QVC's unique direct-to-consumer platform, which reaches millions of shoppers nationwide." The Company's promotional campaign announcing the launch of Original Meatballs in a Cup on Facebook received over 500,000 views, which helped drive strong sales in a live airing on QVC hosted by spokesperson Dan Mancini. The product quickly sold out and is now back ordered. Products will be back in stock with a follow-on airing to be held on April 13th on QVC, with ongoing promotion driven through continued engagement with consumers on social media.
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LUMO | Hot Stocks08:36 EDT Lumos Pharma reaches 50% randomization milestone in OraGrowtH210 trial - Lumos Pharma announced achievement of the 50% randomization milestone for the Phase 2 OraGrowtH210 Trial evaluating orally administered LUM-201 in pediatric growth hormone deficiency. Interim data from both the OraGrowtH210 and OraGrowtH212 Trials are anticipated by the end of 2022. The OraGrowtH210 Trial is a multi-site, global trial evaluating orally administered LUM-201 at three dose levels against a standard dose of injectable rhGH in approximately 80 subjects diagnosed with idiopathic PGHD, which is less severe than organic PGHD. The objective of this trial is to identify the optimal dose of LUM-201 to be used in a Phase 3 registration trial, based on annualized height velocity from a 6-month dataset, and to prospectively confirm the preliminary validation of our Predictive Enrichment Marker strategy. The interim analysis will evaluate the safety and annualized height velocity of the three dose levels of LUM-201 against a standard dose of injectable recombinant human growth hormone in 40 subjects at six months on therapy. The complete set of 6-month, primary outcome data for OraGrowtH210 Trial is anticipated in the second half of 2023. The OraGrowtH212 Trial is a single site, open-label trial evaluating the pharmacokinetic and pharmacodynamic effects of oral LUM-201 in up to 24 PGHD subjects at two dose levels, 1.6 and 3.2 mg/kg/day. The objective of the OraGrowtH212 Trial is to confirm prior clinical data demonstrating the amplified pulsatile release of endogenous growth hormone unique to LUM-201 and its potential for this mechanism of action to contribute to its efficacy in PGHD. The primary endpoint for this trial is six months of PK/PD and height velocity data in up to 24 subjects. Interim data on a minimum of 10 subjects is anticipated by the end of 2022. Lumos Pharma intends to analyze these interim datasets separately and also perform a combined analysis to increase the number of subjects in the top two LUM-201 dose cohorts. This combined interim analysis of approximately 50 subjects from both the OraGrowtH210 and OraGrowtH212 Trials should provide a robust data package from which to obtain an early indication of the potential of oral LUM-201 in PGHD.
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BLI | Hot Stocks08:36 EDT Berkeley Lights, Vestaron announce partnership to develop pesticidal peptides - Berkeley Lights and Vestaron announced a strategic partnership to advance the development of pesticidal peptides as Active Ingredients, AIs, to improve the safety and efficacy of crop protection solutions for the global food supply. In this partnership, Vestaron will use Berkeley Lights' propriety high-throughput, functional screening service to optimize the development of novel AIs with pesticidal properties that target proven receptors. "We are pleased to be working with Vestaron and leveraging our high-throughput, functional services and Berkeley Lights platform to enable new discoveries for crop protection," said Siddhartha Kadia, Ph.D., chief executive officer of Berkeley Lights. "This marks our third partnership agreement in the agriculture space in less than a year and demonstrates the furthering of our partnership strategy. Our proprietary approach to high-throughput, functional screening is applicable to a variety of sectors and applications even beyond agriculture, including antibody, therapeutic protein, and enzyme engineering for pharmaceutical, life science, and industrial products." Additional terms of the agreement were not disclosed.
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IBP | Hot Stocks08:34 EDT Installed Building Products acquires Central Aluminum Supply - Installed Building Products announced the acquisition of Central Aluminum Supply Corporation and Central Aluminum Supply of North Jersey, or CAS. Established in 2004, CAS is headquartered in Trenton, New Jersey and is a distributor of gutter supplies and accessories to residential, multifamily and commercial markets, primarily in existing or retrofit construction projects across the U.S. Northeast and Mid-Atlantic.
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MLSS | Hot Stocks08:33 EDT Milestone commences sale of CompuFlo Epidural, CathCheck Verification System - Milestone Scientific reported that, following a successful trial and evaluation, it has commenced sales of its CompuFlo Epidural and CathCheck Verification System disposables to a leading northeast medical center. The hospital has been designated as one of the World's Best Hospitals-USA by Newsweek for the fourth consecutive year. "We are honored to announce adoption of our CompuFlo Epidural and CathCheck Verification System by another leading medical center," commented Arjan Haverhals, CEO of Milestone Scientific. "This approval follows a thorough trial and evaluation, which further validates the safety and efficacy of our technology. As a teaching hospital, our tools provide residents, fellows and even seasoned physicians greater accuracy through real-time verification of epidural needle placement, as well as subsequent monitoring of catheter placement. The addition of this hospital continues to expand our nationwide footprint in the labor and delivery market."
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NRSN | Hot Stocks08:33 EDT NeuroSense starts enrollment, dosing in PK study of PrimeC for ALS - NeuroSense announced that it has enrolled and dosed the first healthy volunteer in its pharmacokinetic study of its lead combination drug candidate PrimeC developed for the treatment of amyotrophic lateral sclerosis. The pharmacokinetic open-label, randomized, single-dose, three-treatment, three-period crossover study is evaluating the effect of food on the bioavailability of PrimeC as compared to the bioavailability of co-administered ciprofloxacin tablets and celecoxib capsules in 12 healthy adult subjects in the US under an FDA cleared IND protocol. "We expect to complete and report data on this pharmacokinetic study in Q3 2022. The combined data from both the PK study and our upcoming Phase IIb study will assist in designing a pivotal Phase III trial of PrimeC for the treatment of ALS in alignment with FDA requirements," stated NeuroSense CEO Alon Ben-Noon.
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HTCR | Hot Stocks08:33 EDT HeartCore Enterprises launches upgraded Content Management System - HeartCore Enterprises announced the launch of its revamped corporate digital marketing solution, Content Management System. The CMS is HeartCore's customer experience management platform that streamlines website operations, allowing users to easily create, manage, and modify content on websites without the need for specialized technical knowledge. The upgraded version will allow users to realize headless distribution of diversified content and centralized management of increasing Product Information Management and Digital Asset Management as a hub for all content delivery, role-based management and editing functions. Additionally, users will now be able to manage prospects, find hot leads, and support SEO initiatives through marketing automation and personalization of content.
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RBB | Hot Stocks08:33 EDT RBB Bancorp CEO Alan Thian resigns following internal investigation - RBB Bancorp announced that president and CEO Alan Thian has resigned effective immediately following the completion of an internal investigation conducted by a special committee of the board of directors. Thian had been on a paid leave of absence since February 22. The investigation, which was conducted by an independent outside law firm on behalf of a special committee of the board of directors, identified violations of company policies and procedures, including those relating to personnel decisions, as well as resulting adverse effects on officer and employee morale. The board of directors and management indicated that the violations did not have any overall adverse financial impact on the company.
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DKL | Hot Stocks08:32 EDT Delek Logistics unit to acquire 3Bear Delaware Holding for $624.7M - Delek Logistics Partners announced that one of its subsidiaries has signed a definitive purchase agreement for the acquisition of 100% of the equity interests of 3Bear Delaware Holding - NM, LLC, an indirect subsidiary of 3Bear Energy, LLC, related to 3Bear's crude oil and gas gathering, processing and transportation businesses, as well as water disposal and recycling operations in the Delaware Basin in New Mexico, for cash consideration of $624.7M, subject to customary closing adjustments. Delek Logistics is executing the transaction through a newly formed, wholly owned subsidiary, DKL Delaware Gathering, LLC. The acquisition is expected to result in an investment multiple of approximately 6.25 times 2023 EBITDA. This transaction is expected to be completed around mid-year 2022, subject to customary regulatory approvals.
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DCT ZI | Hot Stocks08:32 EDT Duck Creek Technologies appoints Keeney as Chief Product Officer - Duck Creek Technologies (DCT) appoints Jess Keeney to its leadership team as Chief Product Officer. In her role, Keeney will lead Duck Creek's product vision to drive value for customers, partners and system integrators. Keeney joins Duck Creek as Chief Product Officer with 15 years of experience delivering B2B products at an enterprise scale across multiple industries. She previously worked at ZoomInfo Technologies (ZI).
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NVNO | Hot Stocks08:30 EDT enVVeno Medical announces U.S. VenoValve patent - enVVeno Medical Corporation announced that the U.S. Patent and Trademark Office has issued Patent No. 11,285,243 titled, "Biological valve for venous insufficiency," covering the method of manufacturing of the tissue portion of the VenoValve bioprosthetic valve, the Company's lead product. The previously issued U.S. patent covers the VenoValve frame. The VenoValve is a surgically implanted currently undergoing the SAVVE U.S. pivotal trial for safety and effectiveness as a treatment of deep venous Chronic Venous Insufficiency. The VenoValve is intended to restore proper directional blood flow for patients with CVI of the deep veins of the leg. CVI occurs when the natural valves inside of the veins fail, causing blood to flow in the wrong direction, and creating increased pressure inside of the veins of the leg.
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VNET | Hot Stocks08:30 EDT 21Vianet trading resumes
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RDHL | Hot Stocks08:29 EDT RedHill Biopharma announces Omicron inhibition with opaganib - RedHill Biopharma announced study results in which opaganib, an oral drug candidate for hospitalized patients with moderate to severe COVID-19, was observed to have potent in vitro efficacy against the Omicron SARS-CoV-2 variant, while maintaining host cell viability. Based on the new and previously announced data, opaganib's unique human host-targeted, dual antiviral and anti-inflammatory suggested mechanism is expected to act independently of viral spike protein mutations and remain effective against Omicron sub-variants BA.2, XE and other emerging and future variants. Opaganib was studied in a global Phase 2/3 study in hospitalized patients with severe COVID-19 pneumonia. In a prespecified analysis of all Phase 2/3 study patients with positive PCR at screening, opaganib improved the median time to viral RNA clearance by at least 4 days, achieving viral RNA clearance in a median of 10 days, while the median for clearance was not reached by the end of 14-days treatment in the placebo arm. Additional prespecified analyses in key subpopulations from the Phase 2/3 study also demonstrated a 70% reduction in mortality and a 34% benefit in time to recovery for patients treated with opaganib. Regulatory submissions and discussions in the U.S., Europe, UK and additional countries are progressing regarding confirmatory data requirements and pathways to potential approval.
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RDHL | Hot Stocks08:29 EDT RedHill Biopharma announces opaganib observed to have efficacy against omicron - RedHill Biopharma announced study results in which opaganib, an oral drug candidate for hospitalized patients with moderate to severe COVID-19, was observed to have potent in vitro efficacy against the omicron SARS-CoV-2 variant, while maintaining host cell viability. Based on the new and previously announced data, opaganib's unique human host-targeted, dual antiviral and anti-inflammatory suggested mechanism is expected to act independently of viral spike protein mutations and remain effective against Omicron sub-variants BA.2, XE and other emerging and future variants.
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DECPF | Hot Stocks08:27 EDT Diversified Energy publishes 2021 sustainability report - Diversified Energy Company is pleased to announce the publication of its 2021 Sustainability Report. The updated report, available on the Company's web site, provides comprehensive insight into Diversified's programs and progress across a range of environmental, social, and governance focus areas. The Company featured several highlights of its 2021 Sustainability Report on March 22, 2022 in its full year results release and 2021 Annual Report. Key Highlights: Expanded emissions reduction activities: Project Fresh initiative improves accuracy of emissions-producing asset inventory using measured emissions, reducing reliance on default, often much higher, theoretical factors; Deployment of 600 handheld leak detection devices enhances ability to identify and remediate unintended emissions, primarily in upstream assets; Successful pilot and expanded use of light detection and ranging aerial surveillance to detect and drive emission reductions, primarily in midstream assets. Enhanced emissions reporting and reduction commitments: Revised 2020 reported methane emissions intensity 62% lower to 1.6 MT CO2e/MMcfe; Reduced 2021 methane emissions intensity 6% vs revised 2020 to 1.5 MT CO2e/MMcfe, with opportunities to reduce further as the Company expands its Project Fresh initiatives into its Central Region; Engaged ISOS Group, Inc. to independently verify its 2021 greenhouse gas emissions, affirming the Company's IPCC-reported emissions at a moderate level II assurance in accordance with AA1000 Assurance Standard; Accelerated commitment to reduce Scope 1 methane emissions intensity 30% by 2026 and 50% by 2030; Accelerated commitment to achieve net zero Scope 1 and Scope 2 GHG emissions by 2040; Expanded alignment with the recommendations of the Task Force on Climate-Related Financial Disclosures Social program highlights: Expanded diversity initiatives with new applicant tracking system and targeted recruiting in diverse communities within the Company's operating footprint; Contributed $1 million to community outreach efforts during 2021 and committed up to $2 million in 2022, in addition to the Company's existing commitments to fund scholarships, internships and vocational training opportunities. Governance program highlights: Enhanced corporate polices for Environmental, Health & Safety, Corporate Responsibility and Human Rights; Published new, Board-approved corporate polices for Climate Change, Employee Relations and Business Partners; Increased Board diversity to ~38% female with October 2021 appointment of Sylvia J. Kerrigan, improving the Company's ranking by the FTSE Women Leaders Review; Increased the Board's climate change expertise with a growing emphasis on climate when determining capital allocation aligned with the Company's strategy.
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EFLVF | Hot Stocks08:24 EDT Electrovaya completes UL2580 certification for 48V lithium ion batteries - Electrovaya announced that it has completed UL2580 certification for about 28 models of 48V lithium ion batteries. Most of these models also represent new product offerings, significantly increasing the Company's overall materials handling product lines.
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MRNA | Hot Stocks08:23 EDT Moderna doses first participants in Phase 1/2 study of mRNA-1020, mRNA-1030 - Moderna announced the first participants have been dosed in the Phase 1/2 study of the Company's seasonal influenza vaccine candidates, mRNA-1020 and mRNA-1030. This Phase 1/2 randomized, observer-blind, dose-ranging study will evaluate the safety, reactogenicity and immunogenicity of a single dose of mRNA-1020 or mRNA-1030 in healthy adults 18 years and older in the U.S. The mRNA-1020 and mRNA-1030 candidates each include eight mRNAs, targeting both hemagglutinin and neuraminidase at different doses and ratios. Similar to Moderna's influenza vaccine candidate mRNA-1010, mRNA-1020 and mRNA-1030 will target the strains recommended by the World Health Organization for the prevention of influenza, including seasonal influenza A/H1N1, A/H3N2 and influenza B/Yamagata and B/Victoria. The Company intends to enroll approximately 560 participants in the study. Moderna is pursuing an iterative approach to influenza vaccine development, with increasing levels of enhancements aimed at improving immune responses and increasing immunologic breadth. Though currently licensed influenza vaccines target predominantly the viral HA, in the mRNA-1020/1030 trial, Moderna adds neuraminidase antigens in order to target both major glycoproteins with the aim of promoting a broad and robust antibody response.
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SLNH | Hot Stocks08:22 EDT Soluna Holdings sells MTI Instruments business to Vitrek for $10.75M - Soluna Holdings announced the sale of its MTI Instruments subsidiary to Vitrek LLC, a strategic buyer in the test and measurement space. Per the sale agreement, the Buyer is acquiring 100% of the common stock of MTI Instruments for $10.75M. With the sale completed, Soluna Holdings expects that it will be solely focused on developing and monetizing green, zero-carbon computing and cryptocurrency mining facilities. The company said, "As part of Vitrek's ongoing strategy and vision to be the world leader in the test and measurement instrumentation space, Vitrek's management evaluated MTI Instruments' product line as well its target markets, vision and mission and found many synergies. By joining Vitrek, the MTI team will be working to accelerate the growth of Vitrek along with the growth of MTI Instruments' product footprint well beyond what MTI Instruments would have been able to do on their own. By being part of a larger organization, MTI's innovation and growth will be accelerated and by having access to Vitrek's support resources will translate into even better service for MTI customers."
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ATIF | Hot Stocks08:21 EDT ATIF Holdings CEO purchases 25,899 shares of ATIF on open market - ATIF Holdings announced that ATIF's President, Chairman of the Board, and CEO, Jun Liu has purchased 25,899 shares of ATIF stock on the open market from January 18-April 5. Since December of 2021, Jun Liu has purchased 50,500 shares of ATIF stock in total.
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SLS | Hot Stocks08:21 EDT Sellas Life Sciences announces new data on GFH009 from ongoing Phase 1 study - SELLAS Life Sciences announced that the first acute myeloid leukemia, AML, patient has enrolled in the fifth dose level cohort, out of the expected six dose cohorts, in the ongoing Phase 1 dose-escalating clinical trial with SELLAS' newly in-licensed GFH009 asset. There have been no dose-limiting toxicities, including no grade 3/4 neutropenia, in the first four dose levels with the twice-weekly GFH009 dosing. The last planned dose level in this trial is 30mg. Initial data from the first four dose levels show a significant anti-leukemic effect at the 9mg and 15mg dose levels given twice a week in AML patients resistant to the multiple standard-of-care treatments, with two patients refractory to, or relapsed after, venetoclax treatment experiencing greater or equal to a 50 percent decrease in bone marrow blasts following GFH009 monotherapy. Approximately 35 percent of all newly diagnosed AML patients and 50 percent of second-line AML patients are resistant to venetoclax combinations, the current standard of care for treating older and frail AML patients. Following the Phase 1 clinical trial's completion, SELLAS plans to begin a Phase 2 trial with GFH009 in combination with venetoclax and the chemotherapy azacitidine in AML patients. Based on the preclinical results showing a synergy between GFH009 and venetoclax, as well as the initial Phase 1 data in AML patients seen to date, the Company believes that GFH009 has the potential to improve venetoclax's effectiveness and potentially convert resistance to venetoclax into a response.
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TRIB | Hot Stocks08:20 EDT Trinity Biotech enters $45M strategic investment, partnership with MiCo - Trinity Biotech announced a $45M strategic investment and partnership with MiCo Ltd. MiCo, a KOSDAQ-listed and Korea-based company, is engaged in the biomedical business through its affiliate MiCo BioMed, in addition to providing cutting-edge technology driven solutions in the semi-conductor and green energy sectors. The investment consists of approximately 11.2m ADSs at a price of $2.25 per ADS, which represents an approximately 130% premium to the closing price of $0.98 on April 8, 2022. Following this investment MiCo will hold 29.9% of the voting share capital of the Company. In addition to the newly issued equity, the Company has agreed to issue a seven-year, unsecured junior convertible note in the amount of $20M, with a fixed interest rate of 1.5% and an ADS conversion price of $3.24 per ADS. This will result in a total investment by MiCo of approximately $45M. The convertible note mandatorily converts into ADS if the volume weighted average price of the Company's ADSs is at or above $3.24 for any five consecutive NASDAQ trading days. It is intended that these funds will be primarily used to repay a portion of the Company's $81.25M term loan, which is expected to reduce the Company's annual interest cost by approximately $4M each year. The Company also expects that this investment will facilitate it exploring lower cost debt funding options, in the short term, with the aim of further reducing the company's interest expense through refinancing the balance of the Company's term loan at substantially lower interest rates. The investment is subject to customary Korean central bank approvals and is expected to close before the end of April 2022. MiCo BioMed is an in-vitro diagnostics focused biotechnology company with innovative Lab-on-a-Chip and AI-based rapid point of care testing applications in various diseases that are supported by a competitive large scale manufacturing base in Korea. MiCo BioMed has a leading-edge desktop molecular PCR testing platform that has achieved impressive growth in Africa, Asia, South America, and European markets with approximately 800 placements over the past 2 years. The leadership teams from both Trinity Biotech and MiCo have identified the dramatic disruption to the diagnostic market brought about by COVID-19, with a change in diagnostic practices away from centralised lab-based testing to dispersed testing in at home and at point of care settings PoC, as leading to a need for a broader range of high quality, technology-enabled PoC and at home testing products and services to support the expected global adoption of distributed diagnostics. This strategic investment and partnership are intended to accelerate Trinity Biotech's organic and inorganic growth into one of the world's largest diagnostic companies, with a focus on innovative technology-driven PoC and at-home diagnostic products and services. Through distribution and joint development agreements, it is intended that Trinity Biotech will distribute MiCo BioMed's molecular PCR and next-generation ELISA diagnostic platforms in Trinity Biotech's core markets including North America and Western Europe - this will provide Trinity Biotech with a significant expansion of its product portfolio. In addition, it is intended that MiCo BioMed will obtain commercial rights to sell certain of Trinity Biotech's products in numerous global markets including countries within the Asia-Pacific market. The partnership is also focused on other key areas of collaboration including R&D, pan-global regulatory certifications and manufacturing synergies. In conjunction with MiCo and MiCo BioMed's strategic investment, the founder and chair of MiCo, Mr. Sun-Q Jeon, will become Chairperson of Trinity Biotech. In conjunction with the financing, Trinity Biotech is also pleased to announce a number of upcoming appointments to its Board with Aris Kekedjian and Michael Sung Soo Kim expected to join the Board once the aforementioned investment has completed. Most recently, Aris was CEO of Icahn Enterprises. Michael has held a number of senior executive positions include CEO of Hyundai Securities Asia. Current directors Kevin Tansley, Clint Severson and James Merselis will retire from the Board on completion of the aforementioned investment. Trinity Biotech will continue to be led by its senior executive team, CEO Ronan O'Caoimh and CFO John Gillard, who will both remain board members of Trinity Biotech.
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AMRS | Hot Stocks08:19 EDT Amyris begins commissioning of new fermentation plant in Barra Bonita, Brazil - Amyris announced that it has started the commissioning of its new fermentation plant in Barra Bonita, Brazil. The greenfield site at Barra Bonita is a strategic investment with which Amyris leads the biotechnology sector with manufacturing at industrial scale. The new plant is strategically located next to the Raizen sugar mill, which is the world's second largest of its kind, ensuring continuity of supply and favorable feedstock economics. Sugar cane is a key feedstock for producing our sustainable ingredients. Brazil ranks number one in global sugar production, and operating costs in Brazil are advantaged compared to the U.S. and Europe. The fermentation plant has a proprietary design with a process tower that is 2-times taller than the company's prior Brotas plant to take full advantage of gravity in its vertical fermentation process. The site consists of five fermentation "mini-factories" capable of concurrently producing our more than 13 currently scaled and future bio-fermented products. The site has ample space and infrastructure for future expansion.
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HOTH | Hot Stocks08:18 EDT Hoth Therapeutics announces updates for novel cancer therapeutic, HT-KIT - Hoth Therapeutics announced a development updates for its novel cancer therapeutic, HT-KIT. Hoth's innovative approach, which employs a chemically-stable antisense oligonucleotide to target the proto-oncogene KIT through by frameshifting KIT mRNA transcripts, has potential as a KIT-targeted therapeutic alone, or in combination with agents that target KIT signaling, in the treatment of KIT-associated malignancies. Through a sponsored scientific research agreement with North Carolina State University, the team used the HT-KIT mRNA frame-shifting approach on mast cell leukemia cells in vitro and found that KIT protein expression, signaling and function were reduced. Treatment with HT-KIT prevented cancer cell growth and induced cell death over 72 hours. In a humanized mast cell leukemia mouse model, tumor growth and infiltration of other organs were reduced and tumor cell death increased when HT-KIT induced frameshifted c-KIT mRNA. Hoth has filed several patent applications to protect this IP throughout the world.
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GBNH STIM | Hot Stocks08:18 EDT Greenbrook, Neuronetics enter five year commercial agreement - Greenbrook TMS (GBNH) and Neuronetics (STIM) announced they have entered into a five year commercial agreement which provides for a stronger collaborative relationship between the parties. Under the agreement, Greenbrook will purchase all of its new TMS devices for on-label indications exclusively from Neuronetics and promote the use of NeuroStars in Greenbrook's TMS centers, subject to certain exceptions related to the exercise of independent medical judgment. In exchange, Neuronetics will provide joint education and marketing support, increased collaboration between the organizations, negotiated pricing terms, and other benefits. "Greenbrook was an early adoptee of the NeuroStar platform that our skilled affiliated medical professionals have used to transform tens of thousands of lives, so we continue to be big believers in the efficiency and flexibility of the NeuroStar technology. The renewal of this agreement strengthens the framework for us to collaborate even more closely with Neuronetics to build category awareness, educate MDD patients and their loved ones, raise the standard of neurohealth care and transform lives," commented Bill Leonard, President and Chief Executive Officer of Greenbrook.
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ML | Hot Stocks08:17 EDT MoneyLion announces Mark Torossian appointed Chief Accounting Officer - MoneyLion announced today that Mark Torossian has been appointed Chief Accounting Officer, effective April 1. Mark will oversee MoneyLion's accounting and reporting functions and report to Rick Correia, MoneyLion's Chief Financial Officer.
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XELA | Hot Stocks08:17 EDT Exela Technologies cancels vote on reverse split - Exela Technologies announced that it will not proceed with the vote scheduled for May 3, 2022 seeking approval to effect a reverse stock split. The Special Meeting of Stockholders scheduled for that date has been canceled. The Company believes continued listing on Nasdaq is important for our shareholders, employees and customers. Accordingly, Exela may revisit the need to seek a reverse stock split based on the requirement to regain compliance with the listing standard by August 8, 2022.
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SGLY | Hot Stocks08:17 EDT Singularity Future Technology, Golden Mainland form bitcoin mining joint venture - Singularity Future Technology and Golden Mainland announced the formation of a Bitcoin mining site joint venture. The joint venture plans to invest up to $250M over time to build a total of 1GW of mining sites in Texas, Ohio, and other states, with capacity for up to 300,000 Bitcoin miners, each with 3,400 watts/hour in energy consumption. Singularity is a global logistics and blockchain technology company engaged in shipping, chartering, logistics services and technology services. Golden Mainland is a company engaged in the provision of electricity services in North America. Under the terms of the Joint Venture, Singularity will own 51%, and Golden Mainland will own 49%, with each party contributing capital in accordance with its ownership interest. Singularity expects to make its initial capital contribution of approximately $10 million to the Joint Venture from available cash.
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WSC | Hot Stocks08:16 EDT WillScot Mobile Mini acquires storage services provider Storstac - WillScot Mobile Mini announced that it closed the acquisition of Canadian storage services provider Storstac. The transaction was funded with cash on hand and borrowings under the Company's revolving credit agreement. This acquisition adds over 1,100 storage units in the Company's existing markets in the greater Toronto area. Brad Soultz, Chief Executive Officer, commented, "I am excited to welcome the new employees of Storstac Inc. to our team at WillScot Mobile Mini. Storstac's rental operations expand our presence and capabilities in the greater Toronto area. Consistent with our M&A strategy, we look forward to providing our 'Ready to Work' value proposition to new customers and leveraging our commercial and organizational best practices across our newly expanded team and fleet, underpinned by our scalable technology platform. Thank you to both our new and existing team members who are now working together to integrate our operations."
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NVNO | Hot Stocks08:16 EDT USPTO has issued enVVeno patent 'Biological valve for venous insufficiency' - enVVeno Medical announced that the U.S. Patent and Trademark Office USPTO has issued Patent No. 11,285,243 titled, "Biological valve for venous insufficiency," covering the method of manufacturing of the tissue portion of the VenoValve bioprosthetic valve, the Company's lead product. The previously issued U.S. patent covers the VenoValve frame."We have invested a significant amount of time and energy over the past few years in formulating and executing an aggressive strategy to build a robust patent portfolio around the VenoValve and will continue to file new patent applications both in the U.S. and around the world as we continue to execute that strategy," commented enVVeno Medical CEO, Robert Berman. "Our efforts are just beginning to yield positive results and we expect to see a significant increase in the frequency of newly issued VenoValve patents both inside and outside of the U.S."
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PFS AUD | Hot Stocks08:15 EDT Provident Bank enters partnership with Yankees Radio Network - Provident Bank (PFS) announced a multiyear partnership with Audacy (AUD) and the Yankees Radio Network on WFAN 101.9 FM/660 AM in New York. As part of the agreement, Provident Bank will be designated as the exclusive sponsor of the Yankees Broadcast Booth. As a partner, Provident Bank will also receive several broadcast and digital marketing assets, along with access to exclusive hospitality experiences.
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SKT | Hot Stocks08:15 EDT Tanger Factory raises annual dividend 9.6% to 80c from 73c per share - Tanger Factory announced that its Board of Directors approved a 9.6% increase in the annual dividend on its common shares from 73c per share to 80c per share. Simultaneously, the Board of Directors declared a quarterly cash dividend of 20c per share, payable on May 13 to common shareholders of record on April 29.
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AMPH | Hot Stocks08:14 EDT Amphastar announces FDA approval for Ganirelix Acetate injection - Amphastar Pharmaceuticals announced Friday that the U.S. Food and Drug Administration has approved the company's Abbreviated New Drug Application for Ganirelix Acetate Injection, 250mg/0.5mL in a prefilled syringe. Ganirelix acetate injection is indicated for the inhibition of premature luteinizing hormone surges in women undergoing controlled ovarian hyperstimulation. The FDA determined Amphastar's ganirelix is bioequivalent and therapeutically equivalent to Organon Pharmaceuticals' Ganirelix Acetate Injection. Amphastar's CEO and President, Dr. Jack Zhang, commented: "We are excited about the FDA approval of our Ganirelix Acetate Injection. Ganirelix is the Company's fourth injectable peptide product approval. It represents our capabilities in executing our pipeline while furthering the development of our diabetes product portfolio."
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INMB | Hot Stocks08:14 EDT INmune Bio to present data on INB03 at AACR annual meeting 2022 - INmune Bio announces data demonstrate that INmune Bio's INB03 reverses MUC4 experssion in HER2+ BC cell line, JIMIT-1, to re-establish sensitivity to trastuzumab and tyrosine kinase inhibitors, TKI. Mucin 4, MUC4, a glycoprotein is an easily measured biomarker in women with breast cancer. Previously, INmune Bio reported MUC4 expression predicts worse survival in women with HER2+ BC. Study results show this new evaluation focused on the effects of MUC4 expression on the immune cells of the tumor microenvironment in HER2+ BC. These data were presented here today at the American Association of Cancer Research Annual Meeting in 2022, held in New Orleans April 8-13. The findings of this study predict that women with MUC4+/HER2+ BC are expected to have fewer tumor infiltrating lymphocytes than women who do not express MUC4. In a nude mouse model of MUC4+HER2+ BC, the combination of INB03+traz increased the number of activated NK cells and anti-tumor macrophages in the TME. In this nude mouse model, anti-tumor macrophage function is more important than NK cell function in controlling tumor growth.
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SEEL | Hot Stocks08:13 EDT Seelos Therapeutics announces amendment of SLS-002 agreement - Seelos Therapeutics announced an amendment of the agreement with Phoenixus AG, formerly known as Vyera Pharmaceuticals AG, for the development of SLS-002 to repurchase in cash and stock the remaining royalties payable on any future net sales of SLS-002, all future success and commercial based milestones and the change of control fee in the event SLS-002 is acquired. On March 6, 2018, Seelos entered into an asset purchase agreement (the "Purchase Agreement") with Vyera, currently known as Phoenixus AG, to acquire the assets and liabilities of Vyera's intranasal racemic ketamine program, which Seelos now calls SLS-002. As additional consideration to certain upfront cash and equity payments and success-based milestone payments contemplated under the prior agreement, Seelos agreed to pay a mid-teens percentage royalty on any future net sales of SLS-002. In February 2021, Seelos amended the asset purchase agreement, for three additional cash payments, agreeing to repurchase 9% of the future royalties and reduce its royalty obligations to a mid-single digit percentage on any future net sales of SLS-002. Seelos completed those payments in February, June, and September of 2021. Under the amendment entered into on April 8, 2022, for additional cash and stock payments due by April 2022, July 2022 and January 2023, the parties have agreed to terminate in full all contingent payment obligations to Vyera and its related entities under the Purchase Agreement, effective upon the payment and issuance of all cash and stock payments. "This amendment removes all future royalties due to Vyera, nearly $100 million of potential future milestones and a change of control fee in the event this program were to be acquired as a standalone transaction or as part of a larger transaction," said Michael Golembiewski, CFO of Seelos.
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VISL | Hot Stocks08:13 EDT Vislink to demonstrate scene-to-screen unified-workflow solution at NAB 2022 - Vislink will demonstrate its end-to-end, unified all-IP workflow solutions for live event production at NAB 2022 in Las Vegas, NV, April 23-27. Vislink and Mobile Viewpoint team members will be onsite in booth #C7508. The Quantum-LinkMatrix unified wireless camera workflow brings together COFDM wireless camera systems and bonded cellular/5G roaming camera systems into one single managed solution. By integrating the two production workflows into one video source and configuration management platform, live event production teams can efficiently manage content capture from all types of wireless systems.
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LIFE | Hot Stocks08:13 EDT aTyr Pharma presents preclinical research on the effects of ATYR2810 at AACR - aTyr Pharma announced a poster presentation at the 2022 American Association for Cancer Research, AACR, Annual Meeting, which is being held April 8 - 13, 2022, in New Orleans, LA, and virtually. The poster presents findings from a preclinical study characterizing the subtypes of breast cancer that are most responsive to treatment with ATYR2810, a fully humanized monoclonal antibody that selectively and functionally blocks the interaction between neuropilin-2 and VEGF by directly binding at the site of the VEGF binding pocket. Interrogation of ATYR2810 activity in combination with chemotherapy across a panel of breast cancer cells lines using an in vitro 3D colony formation assay revealed that highly aggressive and more mesenchymal cell lines associated with metastasis, including triple negative breast cancer, TNBC, were most responsive. Data from both patient derived organoid and patient derived xenograft models from TNBC where ATYR2810 demonstrated anti-tumor activity showed downregulation of key genes known to promote metastasis and drug resistance, including CXCR4 and a set of genes linked to the process of epithelial-mesenchymal transition. Furthermore, ATYR2810 monotherapy inhibited spontaneous lung metastasis in an experimental model of TNBC, demonstrating the potential therapeutic effects of blocking the NRP2/VEGF signaling axis on preventing tumor persistence.
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AXL | Hot Stocks08:12 EDT American Axle enters agreement to acquire Tekfor Group for EUR125M - American Axle announced that it has entered into a definitive agreement under which AAM will acquire Tekfor Group for an enterprise value of EUR125M. Based in Hausach, Germany, Tekfor Group is a specialist in automotive fasteners and metal formed components for driveline, powertrain, and E-mobility applications. Tekfor generated sales of approximately EUR285M in 2021. Subject to regulatory approval and other customary closing requirements, the transaction is expected to close in the second quarter.
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ZSAN | Hot Stocks08:11 EDT Zosano Pharma announces effectiveness of 1-for-35 reverse stock split - Zosano Pharma Corporation announced that its Board of Directors has approved a 1-for-35 reverse stock split of the company's common stock. The reverse stock split will become effective today, April 11, 2022. The company's common stock is expected to begin trading on a split-adjusted basis when the markets open on April 12, 2022 under the existing trading symbol "ZSAN." The reverse stock split is primarily intended to bring the company into compliance with the minimum bid price requirements for maintaining its listing on the Nasdaq Capital Market. The new CUSIP number following the reverse stock split will be 98979H301. As a result of the reverse stock split, every 35 shares of the company's common stock issued and outstanding or held by the company as treasury stock will be automatically reclassified into one new share of common stock. The reverse stock split will not modify any rights or preferences of the shares of the company's common stock. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the company's outstanding equity awards, as applicable, and warrants, as well as to the number of shares issued and issuable under the company's equity incentive plans. The common stock issued pursuant to the reverse stock split will remain fully paid and non-assessable. The reverse stock split will not affect the number of authorized shares of common stock or the par value of the common stock. The reverse stock split was approved by the company's stockholders at a special meeting of stockholders held on April 8, 2022 at a ratio in the range of 1-for-5 and 1-for-50, such ratio to be determined by the Board of Directors and included in a public announcement. On April 8, 2022, the company's Board of Directors approved the reverse stock split at the ratio of 1-for-35.
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MRNA | Hot Stocks08:11 EDT Moderna doses first patient in mRNA-1020, mRNA-1030 study - Moderna announced the first participants have been dosed in the Phase 1/2 study of the company's seasonal influenza vaccine candidates, mRNA-1020 and mRNA-1030. This Phase 1/2 randomized, observer-blind, dose-ranging study will evaluate the safety, reactogenicity and immunogenicity of a single dose of mRNA-1020 or mRNA-1030 in healthy adults 18 years and older in the U.S. The mRNA-1020 and mRNA-1030 candidates each include eight mRNAs, targeting both hemagglutinin and neuraminidase at different doses and ratios. Similar to Moderna's influenza vaccine candidate mRNA-1010, mRNA-1020 and mRNA-1030 will target the strains recommended by the World Health Organization, or WHO, for the prevention of influenza, including seasonal influenza A/H1N1, A/H3N2 and influenza B/Yamagata and B/Victoria. The Company intends to enroll approximately 560 participants in the study.
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GBOX | Hot Stocks08:10 EDT GreenBox appoints Hogan to board of directors - GreenBox announced the appointment of Adele Hogan to its Board of Directors. Hogan will replace Carl Williams who is transitioning away from his Director role. Adele Hogan has over 30 years' experience as a transactional lawyer. She is currently Partner and Co-Chair of the Corporate, Mergers & Securities Practice Group at Lucosky Brookman.
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CRIS | Hot Stocks08:10 EDT Curis announces FDA partial clinical hold on TakeAim Lymphoma study - Curis announced that the U.S. FDA has placed a partial clinical hold on the company's TakeAim Lymphoma study. The TakeAim Lymphoma study is a Phase 1/2 open-label dose escalating clinical trial investigating emavusertib in patients with B-cell malignancies. This week's notification extends the partial hold across both studies. This is not unexpected, as both studies treat patients with emavusertib. And, as previously announced, the company had already voluntarily paused enrollment in the TakeAim Lymphoma study in connection with its announcement on April 4, of the FDA's partial clinical hold on the TakeAim Leukemia study. "We reiterate our previous comments: 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, CEO 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 B-cell cancers, AML, or MDS."
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ALZN | Hot Stocks08:10 EDT Alzamend Neuro contracts Altasciences to conduct AL001 MAD study - Alzamend Neuro announced that it contracted with Altasciences Clinical Kansas and iResearch Atlanta to manage and conduct, respectively, its Phase IIA multiple ascending dose, or MAD, study in patients with mild to moderate Alzheimer's Disease. The Phase IIA Study, which is expected to commence enrollment in May, is for the purposes of evaluating the safety and tolerability of AL001 under multiple-dose, steady-state conditions, and to determine the maximum tolerated dose in patients with mild to moderate Alzheimer's.
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OCX | Hot Stocks08:09 EDT OncoCyte presents data for DetermaIO at AACR annual meeting 2022 - Oncocyte will present data at the American Association for Cancer Research, AACR, Annual Meeting 2022. The data is from a real-world cohort of patients with bladder cancer or metastatic urothelial cancer, mUC, and confirms the association of results from the Company's DetermaIO test with response to treatment with immune checkpoint inhibitors, ICI. Notably, this is the second independent mUC cohort to show the capability of DetermaIO to identify ICI responders using the same algorithm and threshold previously established and validated in bladder and other tumor types. The poster presented, titled "Confirmatory study of the IO Score, a tumor immune microenvironment, TIME, classifier, demonstrates efficacy in a real-world cohort of metastatic urothelial cancer patients treated with immune checkpoint inhibitors," sought to confirm results from the IMvigor210 trial and identify a more accurate predictor of response to ICIs in mUC to better direct patients to appropriate therapy earlier in treatment. Investigators met both objectives, confirming the IMvigor210 trial in a real-world cohort of patients with mUC and showing that DetermaIO is independent and complementary to tumor mutational burden, a commonly used method biomarker, in predicting response to ICI.
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SPRB | Hot Stocks08:09 EDT Spruce Biosciences appoints Libbie Mansell Chief Regulatory and Quality Officer - Spruce Biosciences announced that Libbie Mansell, Ph.D., M.B.A., R.A.C., has been appointed Chief Regulatory and Quality Officer. Dr. Mansell will be responsible for leading the company's global regulatory affairs and quality strategy. "Dr. Mansell brings extensive regulatory affairs and quality expertise at precisely the right time for Spruce, as we progress tildacerfont through clinical development for adults and children with classic congenital adrenal hyperplasia and women with polycystic ovary syndrome," said Javier Szwarcberg, M.D., M.P.H., Chief Executive Officer of Spruce Biosciences. "With more than 30 years of life sciences industry experience and a successful track record of managing complex drug development programs for numerous biopharmaceutical companies, Dr. Mansell is a strong addition to our executive team. We look forward to her leadership and guidance as we continue to advance our pipeline of novel treatments for patients with rare endocrine disorders."
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SFNC STXB | Hot Stocks08:09 EDT Simmons First National completes acquisition of Spirit of Texas Bancshares - Simmons First National Corp. (SFNC) announced that it has completed the acquisition of Spirit of Texas Bancshares (STXB), the parent company of Spirit of Texas Bank SSB, based in Conroe, Texas, effective April 8, 2022. A definitive agreement to acquire Spirit was previously announced on November 19, 2021, with Spirit's shareholders approving the transaction in February 2022. As a result of the acquisition, Spirit of Texas Bank SSB was merged into Simmons Bank, with Simmons Bank as the surviving institution. Conversion of technology systems and customer accounts for Spirit of Texas Bank SSB were completed over the weekend, with former Spirit of Texas Bank SSB branches opening under the Simmons Bank name on Monday, April 11. With the completion of this acquisition, Simmons has approximately $28 billion in assets, $14.3B in loans and $22.1B in total deposits based on data as of December 31, 2021. In Texas, the addition of Spirit will more than double Simmons' size and scale with footings totaling approximately $4.8B in loans and $4.9B in deposits based on data as of December 31, 2021, while increasing the number of branches to 57, located primarily in the fast-growing Texas Triangle. Under the terms of the definitive agreement, each share of Spirit common stock was converted into 1.0016722 shares of Simmons common stock, with cash paid in lieu of fractional shares and to cash out Spirit stock options and warrants that were outstanding immediately prior to the effective time of the merger.
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GES | Hot Stocks08:08 EDT Legion Partners urges Guess holders to withhold votes on the BLUE proxy card - Legion Partners Asset Management, a significant shareholder of Guess?, issued an open letter to shareholders commenting on the company's recent public materials. Legion believes the Guess Board of Directors' continued unwillingness to meaningfully address the issues at the heart of Legion's campaign further underscores the urgent need for shareholders to vote against the re-election of Paul and Maurice Marciano to the Board at the upcoming 2022 Annual Meeting of Shareholders. Reference Link
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BBAI | Hot Stocks08:08 EDT BigBear.ai buys analytics software provider ProModel in 'accretive acquisition' - BigBear.ai announced it has acquired ProModel , a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding, and other industries. The accretive acquisition furthers BigBear.ai's commercial growth strategy with the addition of industry-leading modeling applications used by hundreds of global customers, including many Fortune 500 companies ..In December of 2020, BigBear.ai acquired ProModel Government Services, expanding the company's modeling and simulation capabilities for federal customers. With the acquisition of ProModel Corporation, BigBear.ai can now leverage these capabilities in the commercial sector to optimize decision making with improved insights into supply chains, market conditions, equipment maintenance, capacity planning, and process efficiency. "ProModel's solutions uncover new insights to improve quality and efficiency in manufacturing, distribution, and many other industries, making them a great fit for our commercial strategy," said BigBear.ai CEO Dr. Reggie Brothers. "ProModel's focus on helping organizations make better decisions faster, coupled with its unrivaled corporate culture, perfectly aligns with our vision and mission. Our AI-powered decision support technology will offer tremendous advantages to ProModel's customers. We're excited to welcome them and all ProModel employees and partners into the BigBear.ai community."
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ENPH | Hot Stocks08:08 EDT Enphase Energy launches Enphase Installer Network in France - Enphase Energy announced the launch of the Enphase Installer Network, EIN, in France. The EIN is a network of installers that deliver homeowner experiences using Enphase products. The program is designed to help installers grow their business with a range of innovative digital tools and exclusive benefits. The EIN launch comes as installers of Enphase products in France are seeing an increase in deployments of residential solar energy systems powered by IQ 7) and IQ 7+ Microinverters. The Enphase microinverter systems will be outfitted with IQ Gateway, which connects an Enphase-based solar system to the Enphase App monitoring platform and helps make per-panel energy monitoring and insights for operations and maintenance easy. The EIN is backed by significant enhancements to the installer-facing functionality of the Enphase App. "We are pleased to launch our Enphase Installer Network in France and support a community of top-quality installers that are helping to advance clean energy," said Dave Ranhoff, chief commercial officer at Enphase Energy. "Our Enphase solar systems, powered by IQ Microinverters and paired with industry-leading customer service, bring a superior customer experience to homeowners across France."
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BRP CB | Hot Stocks08:07 EDT BRP Group announces Richard Tallo as chief marketing officer - BRP Group (BRP) announced Richard Tallo as chief marketing officer, effective immediately. In this role, Tallo will lead marketing and communications strategy across the firm, delivering programs designed to drive profitable growth and long-term brand recognition. Tallo joins BRP from Chubb (CB) where he served as executive VP, marketing and communications.
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ADT | Hot Stocks08:06 EDT ADT Inc. appoints Honig to board of directors - ADT announced the appointment of Benjamin Honig to the company's board of directors as a class I director with a term expiring at the 2024 annual meeting. Honig was designated by Temasek and will replace David Ryan as their designee. Honig has worked with Temasek since 2013, investing in technology, media, healthcare and business services companies.
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TMC | Hot Stocks08:06 EDT Metals Company engages Benchmark Mineral Intelligence for life cycle assessment - TMC the metals company announced that it has chosen Benchmark Mineral Intelligence to conduct an independent life cycle assessment of the environmental impacts of the Company's planned NORI-D Polymetallic Nodule Project and compare these impacts to producing the same metals from commonly used production pathways using conventional land ores. The Benchmark LCA study will investigate the potential cradle-to-gate impacts of producing important battery materials including nickel sulfate, cobalt sulfate, copper cathode, manganese silicate and an intermediate NiCuCo matte product from seafloor polymetallic nodules in the NORI-D area. These raw materials are widely used as active cathode materials for NMC and other nickel-rich cathode chemistries for lithium-ion batteries, enabling the rapid growth of electrified transport and energy storage. The study will draw upon the Initial Assessment of the NORI-D Property independently compiled by AMC in accordance with the SEC Regulation S-K in March 2021 and a range of processing plant location scenarios developed by TMC since then. The Benchmark team will also include an additional third-party verification of the NORI-D Project LCA to ensure its compliance with ISO14040 and 14044 guidelines and standards. The LCA specialists at Benchmark will draw upon their extensive global baseline impact data of battery precursor materials derived from conventional ores to produce a comparison to the NORI-D Project LCA across multiple categories including global warming potential and disruption of carbon sinks, waste, water and land use, terrestrial acidification, freshwater and marine eutrophication. Benchmark anticipates completing its comprehensive LCA for TMC in mid-Summer 2022.
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EYE | Hot Stocks08:05 EDT National Vision announces Joe VanDette as chief marketing officer - National Vision announced that Joe VanDette has joined the company as chief marketing officer, reporting to CEO Reade Fahs. VanDette will be responsible for leading the organization's marketing function including strategic brand management, CRM, advertising and media, digital marketing, e-commerce and research/insights. He most recently served as chief marketing and digital officer for smart and final, a chain of grocery warehouse stores, where he led business transformation and customer engagement and used data-driven strategies to achieve exponential growth in brand awareness and e-commerce business.
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PWFL COUP | Hot Stocks08:04 EDT PowerFleet appoints Zeitunian as Chief Technology Officer - PowerFleet (PWFL) has appointed Jim Zeitunian as the company's new Chief Technology Officer, CTO. Zeitunian will report to CEO Steve Towe and focus on executing PowerFleet's Software-as-a-Service, SaaS, transformation. Zeitunian joins PowerFleet from Coupa Software (COUP), a multi-billion-dollar provider of business spend management solutions, where he served as Vice President of Engineering.
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LKNCY | Hot Stocks08:03 EDT Luckin Coffee emerges from bankruptcy proceedings - Luckin Coffee announced thecompletion of the restructuring of its financial indebtedness and its emergence from the bankruptcy proceeding commenced with respect to the Company as debtor under chapter 15 of title 11 of the United States Code. As previously announced, a final report was filed with the United States Bankruptcy Court for the Southern District of New York on March 4, 2022 requesting the entry of an order to close the Chapter 15 Case. As detailed in the final report, the Company previously obtained recognition and enforcement of its Cayman Islands scheme of arrangement under chapter 15 of title 11 of the United States Code and successfully restructured its financial indebtedness pursuant to such scheme.1 No objections were filed to the motion to close the Chapter 15 Case, and the Bankruptcy Court entered an order granting this request on April 8, 2022. The entry of the Bankruptcy Court's order marks the formal closure of the Company's U.S. bankruptcy proceedings. As previously announced, the winding up petition in respect of the Company has been dismissed and the Company's provisional liquidation proceedings were also brought to a successful close pursuant to an order of the Grand Court of the Cayman Islands dated February 25, 2022.
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SRAD | Hot Stocks08:02 EDT Sportradar announces acquisition of Vaix Limited - Sportradar announced the acquisition of Vaix Limited. Vaix's AI technology allows betting and gaming operators to gain a personalized view of their customers, which enables them to provide a more targeted, player-friendly experience. The acquisition does not have a material impact on the Company's annual outlook for 2022, provided on March 30, 2022. For over two years, Sportradar has partnered with Vaix and incorporated its technology into its Managed Trading Services, MTS, offering. Paolo Personeni, Managing Director of Managed Betting Services at Sportradar said: "VAIX products with their Artificial Intelligence and algorithms are now being natively integrated as part of the Sportradar Sportsbook platform, enhancing our data analytics, promotions system and player personalization. All Managed Betting Services customers will enjoy a faster and simplified integration. The acquisition of Vaix is the culmination of a very important and productive partnership we have had with the company over two years." Terms of the acquisition are not disclosed.
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VZ | Hot Stocks08:02 EDT Verizon Connect partners with Sawatch Labs for EV fleet management - The company said, "How many miles do we drive? How often would I need to charge my vehicles? Do we need to install charging stations or could we have our drivers charge at home? These and many other questions are on the minds of fleet managers and mobile businesses as they consider making the leap from internal combustion engines to electric vehicles. Whether it makes sense to swap a few vehicles out or convert the entire fleet over to EVs, a new partnership between Verizon Connect, the award-winning fleet and mobile workforce management solutions provider, and premier fleet electrification analytics firm Sawatch Labs, helps fleets with more than 10 vehicles plan their EV strategies. With EVs poised to become a significant part of vehicle fleets in the coming years, growing to 31 percent of the market by 2050, or about 672 million vehicles, according to the U.S. Energy Information Administration, the need for fleet management solutions tailored to EVs continues to grow...Sawatch integrates vehicle data from Reveal to perform a range of EV analytics, including feasibility and infrastructure planning. Based on duty-cycle analytics that clearly identify how an EV can meet your drivers' needs and provide customizable suggestions to help ensure that customers have the right size fleet to make accurate procurement and assignment decisions."
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VNET | Hot Stocks08:02 EDT VNET Group receives $1.3333 per ordinary share buyout proposal - VNET Group announced that its Board of Directors has recently received an unsolicited preliminary non-binding proposal letter from The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch, proposing to acquire all of the outstanding ordinary shares of the company for $8.00 in cash per American depositary share, or approximately $1.3333 per ordinary share. The Board cautions the company's shareholders and others considering trading the company's securities that the Board has just received the Proposal and has not made any decisions with respect to the Proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that the proposed transaction or any other transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to the Proposal or any other transaction, except as required under applicable law.
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RXRX | Hot Stocks07:55 EDT Recursion Pharmaceuticals granted FDA Fast Track designation for REC-4881 - Recursion announced that the U.S. FDA has granted the company Fast Track designation for REC-4881 for the potential treatment of familial adenomatous polyposis in patients who have previously undergone a colectomy/proctocolectomy. REC-4881 is an orally bioavailable, non-ATP-competitive allosteric small molecule inhibitor of MEK1 and MEK2 being developed to reduce polyp burden and progression to adenocarcinoma in FAP patients.
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VNET | Hot Stocks07:55 EDT 21Vianet trading halted, news pending
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DPMLF | Hot Stocks07:54 EDT Dundee Precious Metals raises quarterly dividend 33% to 4c per share - In line with its disciplined capital allocation framework, DPM continues to return capital to shareholders through a sustainable quarterly dividend and share repurchases under its Normal Course Issue Bid. In February 2022, DPM announced a 33% increase to its quarterly dividend from $0.03 per share to $0.04 per share, reflecting the Company's continued positive outlook for the business. The increase to $0.04 per share will commence with the first quarter dividend, payable on April 18, 2022, to shareholders of record as at 5:00 p.m. Toronto local time on March 31, 2022. During the first quarter, DPM repurchased approximately 1,489,100 common shares at an average price of C$7.59 per share.
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DPMLF | Hot Stocks07:52 EDT Dundee Precious Metals expects hearing on Loma Larga to start in April - As previously reported on February 24, 2022, the Company's drilling activities at the Loma Larga project in Ecuador were paused, pending the hearing of a constitutional protective action against the Ministry of Environment, Water and Ecological Transition. The original hearing date was deferred following the filing of preliminary motions, and the Company expects the hearing to commence this month. DPM is working closely with government ministries and local stakeholders that support the project in defending the Action, which the Company believes is without merit. In parallel, DPM continues to advance its permitting activities for the project and is receiving strong support from the government to accelerate the environmental impact assessment process.
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DPMLF | Hot Stocks07:51 EDT Dundee Precious Metals reaffirms 2022 production guidance - Sees 2022 gold production 250,000-290,000 ounces of gold and 32M-37M pounds of copper.
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DPMLF | Hot Stocks07:49 EDT Dundee Precious Metals produces 62,900 ounces of gold in Q1 - Dundee Precious Metals announced preliminary production results from both of its mines and smelter for the three months ended March 31, 2022. The Company confirmed that all operations are on track to meet previously issued guidance for 2022. "The first quarter was a solid start to the year, with production at Chelopech and Ada Tepe in-line with guidance," said David Rae, President and Chief Executive Officer. "At the end of March, we also announced an optimized life of mine plan for Chelopech, which resulted in higher gold and copper production, and an extended mine life to 2030." Chelopech produced approximately 41,500 ounces of gold and 7.7 million pounds of copper in the first quarter. Gold production was above expectation, largely as a result of higher ore processed and higher gold recovery achieved in copper concentrate, partially offset by lower recoveries in pyrite concentrate. Copper production was slightly below plan due to lower copper grades. Chelopech is on track to achieve 2022 guidance. Ada Tepe produced approximately 21,400 ounces of gold, which was above expectations for the first quarter as a result of higher gold grade. Ada Tepe is on track to achieve 2022 guidance, with grades and production expected to be stronger in the second half of the year. The Tsumeb smelter processed approximately 47,200 tonnes of complex concentrate in the first quarter of 2022. This was below target for the quarter as a result of maintenance to the off-gas system as well as reduced baghouse capacity, which impacted throughput. Additional maintenance to both systems is expected to take place during the scheduled Ausmelt furnace maintenance, which is scheduled for the second quarter of 2022. Tsumeb is on track to meet 2022 guidance. On March 31, 2022, DPM announced a mine life extension to 2030, an optimized life of mine plan and updated Mineral Resource and Mineral Reserve estimates for the Chelopech mine. The updated LOM plan adds approximately 286,000 ounces of gold production and 47 million pounds of copper production between 2022 and 2030, relative to the previous mine plan1 reflecting higher metallurgical recoveries and improved commercial terms. DPM filed a technical report entitled "NI 43-101 Technical Report and Mineral Reserve Update, Chelopech Mine - Chelopech, Bulgaria" with an effective date of March 31, 2022.
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SAIL | Hot Stocks07:47 EDT SailPoint jumps 29% to $64.25 after buyout offer from Thoma Bravo
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PVCT | Hot Stocks07:46 EDT Provectus announces presentation of multiple protein kinase signaling targets - Provectus announced that preclinical research on systemic administration of investigational cancer immunotherapy PV-10 for the treatment of high-risk and refractory adult solid tumor cancers is being presented at the annual meeting of the American Association for Cancer Research, AACR, being held April 8-13, 2022 in New Orleans, Louisiana. Highlights from the 2022 AACR Presentation: PV-10 delivers cytotoxic activity in vitro against a panel of high-risk and refractory adult solid tumor cell lines; PV-10 is cytotoxic at pharmacologically-relevant concentrations across all cancer cell lines; PV-10 treatment shows target modulation of key markers associated with apoptosis and autophagy induction; PV-10 targets multiple protein kinase signaling pathways, including the phosphorylation of WNK lysine deficient kinase 1; PV-10 treatment leads to consistent inhibition of WNK1 phosphorylation at the T60 site in all cancer types based on protein kinase profiling of PV-10-treated cancer cells compared to vehicle-treated cells; PV-10 treatment inhibits the migration of cancer cells similar to pan-WNK inhibitor WNK463 in different head and neck cancer cell lines. Dominic Rodrigues, Vice Chair of Provectus' Board of Directors, said, "WNK1 is recognized as an inhibitor of autophagy and a promoter of cancer cell proliferation, migration, and invasion in breast cancer, glioblastoma, and non-small cell lung cancer. WNK1 potentially regulates important oncogenic pathways, including Wnt signaling by controlling beta-catenin levels. We are grateful to Dr. Narendran and his University of Calgary team for their many discoveries related to PV-10 cancer treatment, including now identifying multiple, specific, actionable drug targets."
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CNNEF | Hot Stocks07:43 EDT Canacol reports on conventional natural gas prospective resources for Pola 1 - Canacol Energy reports on the conventional natural gas prospective resources for its Pola-1 prospect on the VMM-45 exploration block located in the Middle Magdalena Valley basin of Colombia. Boury Global Energy Consultants was commissioned to conduct an independent prospective resources audit of Canacol's internal estimates of prospective resources for the Audited Area effective December 31, 2021. VMM-45 is one of five blocks that the Corporation acquired in exploration bid rounds over the past three years. At 100% working interest in all five blocks, the Corporation has now assembled 610,981 net acres within the deep conventional Cretaceous La Luna natural gas play in the MMV basin. Success in this deep conventional gas play would result in a new core gas producing area for the Corporation within the next three years, a new core area that will rival the current level of production the Corporation has in its historic current core producing area located in the Lower Magdalena Basin. As detailed in a press release dated April 6, 2022, BGEC's independent prospective resource audit evaluated and estimated conventional natural gas prospective resources that have been aggregated to an un- risked mean of 17.3 trillion standard cubic feet and a risked mean of 6.6 trillion standard cubic feet for all prospects in the new deep Cretaceous La Luna conventional gas play. Pola-1 will be the first well targeting this new deep conventional Cretaceous La Luna gas play, testing the first of 18 prospects and leads that were included in the evaluation that underpinned those prospective resource estimates. The La Luna consists of up to 3,300 ft of marine carbonates and clastics, and is the primary source rock for most of the proven oil and gas reserves in Colombia, Venezuela, and Ecuador, and is productive in various oil and gas fields in Colombia. Mark Teare, Senior Vice President of Exploration for Canacol, stated, "The Pola-1 exploration well will be the first of several exploration wells the Corporation plans to drill to investigate the potential of a new deep Cretaceous La Luna conventional natural gas play located within the MMV basin, the oldest hydrocarbon producing basin in Colombia. BGEC's independent prospective resource audit evaluated and estimated conventional natural gas prospective resources for the Pola-1 prospect of an unrisked mean estimate of 1,161 Bcf and a risked mean estimate of 470 Bcf. The Pola-1 exploration well is anticipated to spud in the third quarter of 2022, and the Corporation estimates it will take approximately five months to drill, complete, and test. As Colombia's largest independent natural gas producer, with significant experience both operating and participating in the drilling of deep wells in the MMV basin, and with a technical team with experience in deep conventional gas plays elsewhere in the world, Canacol is well positioned to identify, pursue, and quickly commercialize potentially large new gas plays in Colombia. The Pola-1 exploration well is located within 10 kilometers of the Transportadora de Gas Internacional operated gas pipeline that transports gas from the declining Ecopetrol operated mature gas fields located in the Guajira region of the Caribbean coast to the interior of Colombia. The TGI pipeline currently has approximately 260 million standard cubic feet per day of spare capacity, meaning that any discovery made at Pola-1 can be quickly commercialized and sold into the interior market. Current consumption within the interior market of Colombia is approximately 600 MMscfpd, almost all of which is supplied from Ecopetrol's mature declining gas fields. The Corporation plans to commence drilling of the Pola 1 well in the third quarter of 2022 with results expected prior to yearend 2022."
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CNTX | Hot Stocks07:43 EDT Context Therapeutics announces data from two programs at AACR - Context Therapeutics announced encouraging preclinical data from two pipeline programs. The data are being presented at the American Association for Cancer Research, AACR, Annual Meeting 2022. Summary of Data Presented: ONA-XR: Title: Targeting progesterone receptor with the antiprogestin onapristone in patient-derived xenograft models of estrogen receptor positive, PR positive bone metastasis of breast cancer." This study evaluated the efficacy and safety of ONA-XR in combination with fulvestrant, palbociclib, or alpelisib in different PDX models established from ER+ and PR+ breast cancers. Anti-tumor activity combination of ONA-XR with fulvestrant, palbociclib, or alpelisib was significantly increased compared to monotherapy, while triple therapy resulted in tumor regressions in the majority of xenografts. Title: "Progesterone promotes immunomodulation and tumor development in the murine mammary gland." This study investigated whether progesterone and PR drive immunomodulation in the mammary gland and promote tumor formation. Syngeneic mammary gland tumor models were utilized to evaluate the effect of P4 on the growth of PR+ mammary gland tumors in vivo, which revealed that P4 promoted tumor growth and decreased immune cell infiltration of PR+ mammary gland tumors. Title: "PR/STAT3 nuclear transcriptional complexes mediate aurora-A kinase-induced stemness plasticity in ER+ breast cancer." This study evaluated the role of PR in mediating the AURKA/STAT3 oncogenic signaling axis, which is associated with cancer cell plasticity and resistance to endocrine therapy, including CDK4/6 inhibitors. A novel mechanism was identified wherein AURKA-induced stemness plasticity is mediated through the activation of phosphorylated PR transcriptional complex that regulates the expression of KLF4 stemness reprogramming gene. CLDN6xCD3 Bispecific Antibody: Title: "Atomic-level specificity of Claudin 6 monoclonal antibodies isolated for treating solid tumors." This study identified monoclonal antibodies targeting oncofetal protein Claudin 6. Despite their potential as cancer therapeutics, a limited number of CLDN6 monoclonal antibodies are in development because MAbs with high affinity and specificity for CLDN6 are difficult to isolate. Title: "Development of claudin 6 bispecific antibodies for treatment of ovarian cancer." This study evaluated a large set of CLDN6xCD3 bispecific antibodies using multiple formats and CD3 arms that encompass different valencies and geometries. The panel of bispecifics was functionally tested in in vitro T cell cytotoxicity assays cells and demonstrated potent killing of CLDN6-expressing cells with minimal killing of cells expressing other closely related claudin family members.
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SLSSF | Hot Stocks07:40 EDT Solaris Resources reports assay results from Warintza Project - Solaris Resources reports assay results from a series of additional holes from mineral resource growth drilling at its Warintza Project in southeastern Ecuador. Key Takeaways: Since the discovery of Warintza East in mid-2021, approximately 1km east of Warintza Central, limited drilling has been completed on the open area between the two deposits that would fall into the eastern sector of the conceptual pit design for Warintza Central as uncategorized waste - these results now establish continuity of mineralization between the two deposits with Warintza East remaining entirely open and undrilled to the north, south and east for future potential growth. SLSE-06 was collared from the original platform in the middle of Warintza East and drilled west-northwest into an entirely open volume, returning 484m of 0.42% CuEq from surface. SLSE-08 was collared from the same platform and drilled northwest into an open volume, returning 142m of 0.65% CuEq from near surface within a broader interval of 536m of 0.43% CuEq from surface. SLSE-04 was collared between Warintza Central and Warintza East and drilled west-southwest into a partially open volume, returning 616m of 0.63% CuEq from 276m depth within a broader interval of 892m of 0.50% CuEq from surface, establishing the overlap of the two deposits within the Warintza Central pit shell. SLSE-03 was collared from the same platform and drilled west-northwest into a partially open volume, returning 326m of 0.62% CuEq from 276m depth within a broader interval of 818m of 0.38% CuEq from 38m depth, further confirming the overlap of the two deposits. SLSE-05, collared from the same platform, was drilled north-northwest into a partially open area, returning 268m of 0.53% CuEq from 446m depth within a broader interval of 714m of 0.32% CuEq from surface. 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 and 8 holes have been completed at Warintza East with results reported for all holes. Jorge Fierro, Vice President, Exploration, commented: "Following the final Warintza Central results released April 4, these results represent the final holes from Warintza East to be included in the forthcoming mineral resource update, and serve to convert what would otherwise be uncategorized waste within the expected pit shell in the area where Warintza Central and Warintza East overlap."
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VHIBF | Hot Stocks07:39 EDT Vitalhub announces multi-year regional licensing contract with NHSEI - VitalHub announces a multi-year regional licensing agreement of subsidiary Transforming Systems, TS, SHREWD suite of solutions with NHS England and NHS Improvement Midlands, NHSEI. This transaction marks a new customer sale for the Company, with TS having engaged with NHSEI since July 2021. The Customer, NHSEI, provides care for a population of 10.5 million people. The sale includes licensing access to Transforming Systems SHREWD Platform, SHREWD Region, and SHREWD Vantage products. Use of these solutions by the Customer is anticipated to deliver a host of operational benefits, improving organizational efficiency, coordination and delivery of care. Specific benefits include, simplifying operational view of real-time regional pressures, standardizing reports across regions, reducing administration for reporting end users, promoting consistent and timely onward reporting, providing data driven information for improved analysis, reducing interruption to operational activity by removing need to manually gather operational data, streamlining processes for the regional oversight body, enabling oversight of capacity and demand to inform conveyancing decisions in real time, improving patient safety and reduced patient risk, and overall improvements to care for the population of the Midlands. "This sale to NHS England and NHS Improvement Midlands marks one of the largest regions to have licensed the Transforming Systems solutions," said Dan Matlow, CEO of VitalHub Corp. "We are delighted to support this region through providing access to our SHREWD suits of offerings. We view this sale as continued ratification of the market demand for our products, and the market leadership we have established and continue to maintain within the UK healthcare landscape, and beyond."
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PPBT | Hot Stocks07:39 EDT Purple Biotech presents interim Phase 1b study results for CM24 - Purple Biotech announced safety and efficacy data supporting the advancement of CM24, a first-in-class clinical stage monoclonal antibody with the potential to treat multiple solid tumor cancers. Data from the Phase 1b study of CM24 in combination with Opdivo is being presented in a poster entitled "Interim Safety and Efficacy Results from a Phase 1b Study of CM24 in Combination with Nivolumab in Adults with Advanced Solid Tumors" at the American Association of Cancer Research 2022 Annual Meeting. In the Phase 1 part of the study, patients with refractory cancers including PDAC were administered with CM24 at 10, 15, and 20mg/kg q2w and Opdivo 480mg q4w. The primary objective of this part of the study is to evaluate safety, tolerability, PK and determine the recommended Phase 2 dose. As of March 8th, 2022, a total of 11 patients were evaluated in the dose escalation phase, for dose limiting toxicity determination, including 8 with pancreatic cancer, two with colorectal cancer and one with papillary thyroid cancer. All patients but two had received 2 prior regimens for metastatic disease. No DLTs were observed across all dose levels; no Grade 4 AEs or treatment related deaths have been reported. Six Grade 3 adverse events that were unrelated to CM24 or Opdivo were observed, each in a single patient, including diarrhea, hypokalemia, abdominal pain, small bowel obstruction, atrial flutter, and GI bleed. Of the evaluated patients, best overall response included one confirmed PR and three SD, with a disease control rate of 36%. In addition, nine patients continue to remain in the study follow-up, suggesting a potential promising clinical benefit of CM24 for patients with hard-to-treat, advanced pancreatic cancer and PTC. Pharmacokinetic analysis of CM24 shows exposure is dose-proportional across the three doses assessed in this study; Complete receptor occupancy of peripheral CEACAM1 receptors on T cells and neutrophils was demonstrated following the first administration of CM24 doses of 15 or 20mg/kg.
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GPRK | Hot Stocks07:37 EDT GeoPark announces Q1 consolidated oil and gas production 36,626 boepd, up 6%
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SBLK | Hot Stocks07:37 EDT Star Bulk Carriers announces replacement of expiring registration statement - Star Bulk filed a new automatic shelf registration on Form F-3 in order to replace the existing shelf registration statement which would have expired on April 11, 2022. In connection with the filing of the new registration statement, the Company has entered into Amended and Restated ATM Sales Agreements with each of Deutsche Bank Securities Inc. and Jefferies, each with substantially similar terms as the prior ATM Sales Agreements, which have been terminated. The filings being made are solely due to the passage of time, and do not reflect any policy or strategy changes at Star Bulk. Due to technical difficulties with the Securities and Exchange Commission's Electronic Data Gathering and Analysis and Retrieval system ("EDGAR"), the prospectus supplement that relates to the Company's Amended and Restated ATM Sales Agreement with Jefferies was filed on EDGAR twice. The duplicative filing does not increase the size of the offerings, update, amend or modify any information, statement or disclosure contained in the Replacement Filings.
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PRA | Hot Stocks07:37 EDT ProAssurance : Executive Chairman W. Stancil Starnes to retire from board - ProAssurance announced that W. Stancil Starnes, Executive Chairman of the Board of Directors, will retire from the ProAssurance board at the end of his current term and is not standing for re-election. Mr. Starnes will serve his remaining term as a director and Executive Chairman, which expires at the Annual Meeting Shareholders to be held on May 24th.
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GTBP | Hot Stocks07:36 EDT GT Biopharma presents preclinical data at AACR on GTB-5550 - GT Biopharma announced that it is presenting pre-clinical data at the American Association For Cancer Research Annual Meeting 2022. The poster presentation titled, "GTB-5550 Tri-specific Killer Engager Drives NK Cell Activation and ADCC against Head and Neck Squamous Cell Carcinomas," presented by Dr. Jeff Miller's laboratory, University of Minnesota. GTB-5550 is the Company's B7H3-targeted tri-specific killer engager, TriKE, and is part of GT Biopharma's portfolio of TriKE product candidates being investigated in several preclinical models against a broad class of solid tumor cancers. Study Design and Analysis - Researchers developed and tested the ability of GTB-5550 to direct NK cell killing to B7H3-expressing Head and Neck cancer targets. Researchers assessed B7H3 expression by flow cytometry of wild-type HNSCC cells and a paired version with a CRISPER KO of the FANCA gene and determined that the KO had no effect on B7H3 expression. Thus, GTB-5550 activity against HNSCC should be present on both normal HNSCC and FA-HNSCC settings. Results - NK cell degranulation and IFN-gamma production of GTB-3550-treated samples were higher compared to that of control samples treated with B7H3 single domain or IL-15 alone. GTB-5550 also induced more HNSCC target cell killing by NK cells compared to treatment with the B7H3 single domain or IL-15 alone irrespective of the FANCA gene, both in 2D and 3D IncuCyte imaging assays. Conclusions - There is a critical need for a targeted therapy that can effectively eliminate HNSCC cells while sparing healthy cells. Treatment with the B7H3 TriKE effectively induces NK cell degranulation and cytokine production against HNSCC, as well as drives targeted killing of HNSCC in vitro. Taken together, this data demonstrates that GTB-5550 is able to drive NK cell activity against B7H3- expressing HNSCC cells, which presents potential for a B7H3-targeted TriKE to be used clinically to treat HNSCC or FA-HNSCC patients.
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WDDD | Hot Stocks07:36 EDT Worlds Inc. partners with CrossTower for NFT marketplace services - Worlds Inc. announces a partnership with CrossTower. Worlds will utilize CrossTower's global non-fungible token marketplace and services to sell NFTs of digital art, avatars, and other artifacts related to the first online interactive virtual worlds created for some of the most famous music and entertainment artists and brands, such as Aerosmith, David Bowie, New York Yankees, DMC, WWE, and Coca-Cola. Worlds and CrossTower will soon announce rare and exclusive NFT drops that will be available to users at https://crosstower.com/nft. Unique benefits of the CrossTower NFT marketplace platform: Minting and white glove services for creators: CrossTower's marketplace offers facilities like minting, trading and drop. The marketplace also offers compliance friendly consulting services for NFT creators - helping with complex procedures, and providing tiered advisory services, taking them from ideation to actualization. Exclusive collections for collectors: Buyers and collectors can access authentic and exclusive collections on the marketplace. A seamless, elite experience for traders: Traders can participate in auctions to collect rare artwork. CrossTower's marketplace provides a seamless resell experience, offering NFT purchases in ETH. Eventually, CrossTower plans to integrate multichain capabilities.
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LLKKF F | Hot Stocks07:35 EDT Lake Resources, Ford sign MOU to negotiate lithium offtake from Kachi Project - Lake Resources (LLKKF) advised an offtake of approximately 25,000 tons per annum of lithium from the Kachi Project has been signed in a non-binding memorandum of understanding, or MoU, with Ford (F). "As we've shared, Ford is sourcing deeper into the battery supply chain," said Lisa Drake, Ford's vice president, EV Industrialization. "This is one of several agreements we're exploring to help us secure raw materials to support our aggressive EV acceleration," she said.
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SPNS | Hot Stocks07:35 EDT Guardian Group selects Sapiens' customer acquisition solution - Sapiens announced that Guardian Group is integrating Sapiens' customer acquisition solution for their life and health operations. Sapiens IllustrationPro and Sapiens ApplicationPro will be deployed in Guardian's Share Services organization, providing a cohesive user experience across Guardian's three carriers, including Guardian Life of the Caribbean Ltd., Fatum and Guardian Life Ltd. The platform features flexible branding and omni-channel integrations to cater to the agent experience to provide a next generation quoting and illustration system to improve how Guardian can present their offering in a clear and concise manner to improve their closure rate. Also, the integration of IllustrationPro and ApplicationPro to Guardian's UnderwritingPro will provide a straight-through processing and auto decision environment to decrease their time to issue.
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DAC | Hot Stocks07:34 EDT Danaos places orders for four 7,200 TEU containerships - Danaos announced that it has placed orders for four 7,200 TEU containerships.The vessels will be built at Daehan Shipbuilding in Korea and are expected to be delivered to Danaos in the first half of 2024. The vessels will be methanol fuel ready, will come with open loop scrubbers and will be built in accordance with the latest requirements of the International Maritime Organization in relation to Tier III emission standards and Energy Efficiency Design Index EEDI Phase III. The Company's CEO, Dr. John Coustas, commented: "We are very pleased to announce the commissioning of four 7,200 TEU containerships. These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready. With this order Danaos continues to solidify its position as one of the major players in the containership market worldwide.
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ANPC | Hot Stocks07:34 EDT AnPac Bio, Hunan Weitou sign $15M equity investment - AnPac Bio-Medical Science announced that on April 4, 2022, the Company and Hunan Weitou Technology have signed a legally binding equity investment totaling $15M which will be invested in five installments over the next 30 months. Under the terms of the agreement, the new investor will invest $3M at the beginning of every 6 months. The first $3M, which is in the form of private equity investment, has a purchase price at $0.414 per share. It is expected that the first investment installment will be completed in April 2022.
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ETON | Hot Stocks07:33 EDT Eton Pharmaceuticals announces FDA approval of cysteine hydrochloride injection - Eton Pharmaceuticals announced that it has received final approval from the U.S. Food and Drug Administration, FDA, for its cysteine hydrochloride abbreviated new drug application, ANDA, a bioequivalent generic of Exela Pharma Sciences' Elcys. Eton was granted 180 days of generic exclusivity as a result of being the first ANDA submitted against the reference product. The 180-day exclusivity period will begin upon Eton's commercialization of the product. Cysteine is indicated for use as an additive to amino acid solutions to meet the nutritional requirements of newborn infants. Prior to 2019, cysteine was sold in the United States as a "grandfathered" or "unapproved" product. In 2019, Exela Pharma Sciences received FDA approval of its product, which contains the same formulation as the "grandfathered" versions. Eton's partner has manufactured the product in its current formulation as far back as 2003, well before Exela Pharma Sciences began working on its product or filed its patent, and as a result, Eton believes Exela's patents are invalid and should not have been issued by the United States Patent and Trademark Office. Eton is currently engaged with Exela in paragraph IV litigation regarding the validity of Exela's cysteine patents. The trial was held in March 2022 and the company expects a decision from the judge in the third quarter of 2022.
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CTO | Hot Stocks07:32 EDT CTO Realty Growth announces $30M preferred investment in Watters Creek - CTO Realty Growth announced it has entered into a preferred equity agreement to provide $30M of funding towards the acquisition of the Watters Creek at Montgomery Farm grocery-anchored, mixed-use property in Allen, Texas. Watters Creek at Montgomery Farm is approximately 458,000 square feet of grocery-anchored retail and office, anchored by Market Street, Anthropologie, Mi Cocina, DSW, The Cheesecake Factory, Brio Italian Grille, and Michaels, and includes a variety of national and local retailers and restaurants. The three-year Preferred Investment for the acquisition of the Property was fully funded at closing. The Preferred Investment is interest-only through maturity, includes an origination fee on the total Preferred Investment, and bears a fixed preferred return above the range of the Company's guidance for initial investment cash yields.
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CVAC GSK | Hot Stocks07:25 EDT CureVac, GSK enter pandemic preparedness contract with German government - CureVac N.V. (CVAC) and GSK (GSK) announced that they have entered into a contract with the German federal government to supply mRNA vaccines within a broader tender for pandemic preparedness in Germany. Following a setup period of a maximum of two years, the contract grants the German federal government access to CureVac's manufacturing capacity until 2029, enabling rapid availability of 80 million mRNA-based vaccine doses during the remainder of the current pandemic or in future infectious disease outbreaks. By reserving this manufacturing capacity, the tender seeks to mitigate risks associated with potential supply bottlenecks in a pandemic situation. Under the contract, the federal government will pay CureVac and GSK an annual standby fee after successful completion of the setup period, which requires the companies to maintain manufacturing capacity at constant readiness. By ensuring the availability of manufacturing capacities in Germany, the arrangement will significantly contribute to strengthening pandemic preparedness.
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GDBYF | Hot Stocks07:24 EDT Goodbody Health's PhytoVista granted UK Home Office controlled drugs licence - Goodbody Health announced that its subsidiary, PhytoVista Laboratories, has been granted a controlled drugs licence that allows the company to handle up to Schedule 1 Controlled Drugs. This comes as the UK authorities look to the regulation of the UK consumer cannabinoid product testing infrastructure ahead of wider compliance within the industry. The FSA have released the list of products associated with a credible Novel Food application and we expect the industry to continue to move to a fully regulated market that the Consumer can trust. PhytoVista is one of a small number of laboratories accredited by the UK National Accreditation Service with extended provisions to carry out these specialist activities.
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DFFN | Hot Stocks07:24 EDT Diffusion Pharmaceuticals doses first patient in Altitude Trial - Diffusion Pharmaceuticals announced the final participant has completed dosing in its Altitude Trial.
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NEO | Hot Stocks07:23 EDT NeoGenomics expands strategic partnership initiatives with Biognosys - NeoGenomics announced a global strategic partnership agreement with Biognosys, This partnership strengthens NeoGenomics' proteomics-based product capabilities for its Pharma Services Division from early discovery translational research through clinical trial work in oncology drug development programs. In a collaborative scientific effort, NeoGenomics and Biognosys AG have designed a multi-modality approach for the protein analysis of tumor samples from late-stage melanoma patients treated with immune-checkpoint inhibitors, demonstrating the power of a dual proteomic and multiplexed immunofluorescence profiling for a comprehensive characterization of melanoma patients along with discovery and detection of markers for predictive response to ICI-therapy. The collaboration combines Biognosys' TrueDiscovery unbiased proteomics platform based on proprietary mass spectrometry technology with mIF spatial tissue analysis using MultiOmyx, a NeoGenomics proprietary platform. This data will be presented with two posters by NeoGenomics and Biognosys at the American Association for Cancer Research, held this year at New Orleans, LA, April 8-13. The Global Strategic Partnership between NeoGenomics and Biognosys AG will encompass multiple strategic and commercial initiatives including NeoGenomics' labs offering access to Biognosys proteomics platforms, medical and scientific affairs-joint presentations and discussions along with global scientific and technical initiatives.
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SHOP | Hot Stocks07:22 EDT Shopify announces planned 10-for-1 split of Class A and Class B shares - Shopify announced that its Board has approved a proposed 10-for-1 split of the Company's Class A and Class B shares to be effected through a separate amendment to its articles of incorporation. The planned share split, which will make share ownership more accessible to all investors, is subject to the approval of at least two-thirds of the votes cast by Class A and Class B shareholders present in person or represented by proxy at the company's upcoming Meeting, voting together as a single class, Shopify said in a statement. If shareholder approval is received, shareholders of record as of the close of business on June 22, 2022 will receive, after the close of business on June 28, 2022, nine additional Class A shares or Class B shares, as applicable, for every one share held.
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CVAC GSK | Hot Stocks07:21 EDT CureVac and GlaxoSmithKline in pandemic preparedness contract with Germany - CureVac (CVAC ) announced that they have entered into a contract with the German federal government to supply mRNA vaccines within a broader tender for pandemic preparedness in Germany. Following a setup period of a maximum of two years, the contract grants the German federal government access to CureVac's manufacturing capacity until 2029, enabling rapid availability of 80 million mRNA-based vaccine doses during the remainder of the current pandemic or in future infectious disease outbreaks. By reserving this manufacturing capacity, the tender seeks to mitigate risks associated with potential supply bottlenecks in a pandemic situation. Under the contract, the federal government will pay CureVac and GSK (GSK) an annual standby fee after successful completion of the setup period, which requires the companies to maintain manufacturing capacity at constant readiness. By ensuring the availability of manufacturing capacities in Germany, the arrangement will significantly contribute to strengthening pandemic preparedness."Over the last two years, our social and economic lives as well as global healthcare systems and medical supply infrastructures were severely challenged by the COVID-19 pandemic," said Dr. Franz-Werner Haas, Chief Executive Officer of CureVac. "This underscored the importance of having access to innovative technology platforms, such as mRNA technology, as well as corresponding robust manufacturing capacities to rapidly develop and deliver life-saving vaccines - particularly as a protective measure in case of future infectious disease emergencies. Considering the unpredictable and variant-driven course of the COVID-19 pandemic, we are fully committed to safeguarding public health today and into the future."
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DFFN | Hot Stocks07:21 EDT Diffusion Pharmaceuticals completes dosing in Altitude Trial - Diffusion Pharmaceuticals announced the final participant has completed dosing in its Altitude Trial. The Altitude Trial is a double-blind, randomized, placebo-controlled crossover study, designed to evaluate the effects of TSC on maximal oxygen consumption, or VO2, and partial pressure of arterial blood oxygen, or PaO2, in normal healthy volunteers subjected to incremental levels of physical exertion while exposed to hypoxic and hypobaric conditions at a simulated altitude of 15,000 feet above sea level. A total of 30 volunteers were enrolled in the trial with each participant serving as their own control by completing the experiment twice in a random, blinded order, once after placebo administration and the other time after receiving a single dose of TSC at one of three dose levels.
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GMINF | Hot Stocks07:21 EDT G Mining Ventures begins trading on OTCQB Market - G Mining Ventures announced that effective April 11, 2022, it has obtained approval for trading on the OTCQB under the symbol "GMINF". It is anticipated that the posting of GMIN's shares on the OTCQB will provide greater liquidity and a more seamless trading experience for U.S. shareholders. GMIN's common shares will continue to trade on the TSX Venture Exchange under the symbol GMIN. Louis-Pierre Gignac, Chief Executive Officer and President, commented, "We are excited about GMIN's official admission to the OTCQB Venture Market. Trading on the OTCQB will make the Corporation accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing a broader audience to our Tocantinzinho project." The permitted Tocantinzinho Project, is located in Para State, Brazil. Tocantinzinho is an open-pittable gold deposit containing 2.0 million ounces of reserves at 1.3 g/t. The deposit is open at depth, and the underexplored 688km2 land package presents additional exploration potential.
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SHOP | Hot Stocks07:21 EDT Shopify announces proposed updates to governance structure - Shopify announced proposed updates to its governance structure designed to support the company's continued long-term growth. The company will seek shareholder approval to implement the proposed amendments to its articles of incorporation at its upcoming Annual and Special Meeting of shareholders to be held on June 7, 2022. The proposal, which is the result of a careful and thorough board process conducted under the supervision of a Special Committee of independent directors advised by its own legal counsel and financial advisor, will modernize Shopify's governance structure to align it more closely with the company's long-term market opportunities, the company said in a statement.
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ATNM | Hot Stocks07:20 EDT Actinium Pharmaceuticals reports HER3-ARC, CD47 therapy data at AACR - Actinium Pharmaceuticals announced that preclinical data highlighting the efficacy of the combination of an anti-HER3 antibody radiation conjugate and a CD47 blocking antibody immunotherapy was presented at the American Association for Cancer Research annual meeting, which is being held April 8th - 13th at the Ernest N. Morial Convention Center in New Orleans, Louisiana. Actinium assessed an Actinium-225-conjugated anti-HER3 antibody with magrolimab, an anti-CD47 antibody being developed by Gilead Sciences, in HER3-positive preclinical models. AACR Poster Highlights: Dramatic improvement in tumor growth inhibition is observed in vivo with the Ac-225-HER3-ARC and magrolimab combination therapy compared to magrolimab alone; The combination of Ac-225-HER3-ARC and magrolimab significantly enhanced phagocytosis in HER3-positive cells compared to either single agent in vitro; Upregulation of cell surface calreticulin is observed following treatment with 225Ac-HER3-ARC in HER3-positive cell lines.
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XAIR | Hot Stocks07:20 EDT Beyond Air announces new preclinical data to be presented at AACR - Beyond Cancer, an affiliate of Beyond Air, announced promising new in vivo and in vitro data that support the potential of the company's novel gaseous nitric oxide, gNO, therapy to treat various types of solid tumors. These data were presented at the American Association for Cancer Research, AACR, Annual Meeting 2022. "We are excited to present these new data that further support the mode of action for our gNO therapy to treat solid tumors and induce an innate and adaptive immune response. In addition, these new data show a dose dependent response in the ability of gNO to kill various types of cancer cells," stated Dr. Selena Chaisson, Chief Executive Officer and Director. "These new preclinical data for our gNO therapy provide support for the continued advancement of this program, which is on track to initiate a first-in-human study in the first half of 2022." The in vivo study assessing the mode of action following a single 5-minute gNO treatment provided data showing an effect on the primary tumor 14 days post treatment. These data show that intratumoral injection of concentrations of gNO at 20,000 and 50,000 ppm led to increased recruitment of T cells, B cells, macrophages and dendrocytes to the primary tumor. An elevated number of T cells and B cells were also detected in the spleen and blood 21 days following gNO treatment. Results from the in vitro study show that exposure of six different cancer cell lines - including human ovarian and pancreatic and mouse lung, melanoma, colon, and breast- to ultra-high concentrations of gNO ranging from 10,000 ppm to 100,000 ppm for up to 10 minutes resulted in a dose-dependent cytotoxic response. The higher concentration doses of gNO lead to near instant cell death, while the lower concentration doses required a longer exposure period to elicit cell death. Title: "Single intra-tumoral injection of gaseous nitric oxide induces an adaptive immune response in a mouse CT-26 solid tumor model." Title: "Ultra-high concentrations of gaseous nitric oxide show rapid cytotoxic capabilities against colon, breast, pancreatic and other cancer cells in vitro."
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AGRX | Hot Stocks07:19 EDT Agile receives $4.7M after selling NOL tax benefits through NJEDA program - Agile Therapeutics announced the receipt of $4.7 million in net proceeds from the sale of tax benefits pursuant to the Company's participation in the New Jersey Economic Development Authority Net Operating Loss program under the New Jersey Economic Recovery Act of 2020.
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AIM | Hot Stocks07:17 EDT AIM reports data from Phase 1 study of Ampligen for treatment of breast cancer - AIM ImmunoTech announced the presentation of positive data from a Phase 1 study at Roswell Park Comprehensive Cancer Center in patients with metastatic triple-negative breast cancer using chemokine modulation therapy, including AIM ImmunoTech Inc.'s drug candidate, Ampligen, interferonalpha-2b, and pembrolizumab at the American Association for Cancer Research, AACR, Annual Meeting 2022, being held April 8-13, 2022, in New Orleans, Louisiana. Title: "Systemic Rintatolimod and Interferonalpha-2b selectively reprogram local tumor microenvironment in patients with metastatic triple negative breast cancer for enhanced influx of cytotoxic T-lymphocytes but not regulatory T-cells." In the study, six evaluable patients with mTNBC received 6 doses of Ampligen, IFN-2 and COX-2 inhibitor over 2 weeks, with tumor biopsies obtained before and afterCKM. Summary of Key Findings: The pre-determined primary endpoint of efficacy was met; uniform increase of immune markers upon treatment was observed: CD8 mRNA, GZMB mRNA, ratios of CD8/FOXP3 and GZMB/FOXP3, thus successfully meeting the pre-determined primary endpoint in the study; in addition, an increase in CTL attractants CXCL10 and CCL5 was observed; three patients had stable disease lasting 2.4, 2.5 and 3.8 months, as of data cut off September 1, 2021; and an additional patient had a partial response with massive tumor necrosis in the post-CKM biopsy.
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AIM | Hot Stocks07:17 EDT AIM reports data from Phase 2a study of Ampligen for treating colorectal cancer - AIM ImmunoTech announced the presentation of data from the ongoing Phase 2a clinical study at Roswell Park Comprehensive Cancer Center evaluating AIM ImmunoTech Inc. drug candidate, Ampligen as a component of treatment for colorectal cancer metastatic to the liver at the American Association for Cancer Research, AACR, Annual Meeting 2022, being held April 8-13, 2022, in New Orleans, Louisiana. Title: "Initial results of a phase II study evaluating a chemokine-modulatory (CKM) regimen in patients with colorectal cancer metastatic to the liver." This early Phase 2a trial studied how well celecoxib, recombinant interferon alfa-2b, and Ampligen work in treating patients with colorectal cancer that has spread to the liver. For the study, recurrent/metastatic CRC patients with unresectable liver metastases amenable to biopsy were eligible. Patients had prior treatment with fluoropyrimidine, irinotecan, oxaliplatin, and an anti-EGFR targeted therapy or contra-indication to such. Patients received IFNalpha-2b IV and Ampligen plus oral celecoxib. The primary endpoint was the change in CD8+ T-cells before Rx, with that seen post-Rx. Summary of Key Findings: The study's primary endpoint was met, evidenced by increased CD8a expression post-treatment; Saw increase in the CD8a/CD4, CD8a/FOXP3 and GZMB/FOXP3 ratios; The expression of CTL-attracting chemokines CCL5, CXCL9, and CXCL10 were increased, while expression of the Treg/MDSC attractant CXCL12 was decreased post-treatment; Median OS was 10.5 months, and the median PFS was 1.5 months; No tumor responses were seen. The treatment was well tolerated. Of all enrolled patients, adverse events were noted in 74% of patients, with the most common being fatigue. Grade 3 or higher adverse events were rare.
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KRYS | Hot Stocks07:16 EDT Krystal Biotech announces home dosing in B-VEC open label extension study - Krystal Biotech announced that it plans to offer patients with dystrophic epidermolysis bullosa, who are enrolled in the GEM-3 open label extension study, the opportunity to be dosed in their homes by a health care professional. Krystal is offering this convenience to patients based on feedback from the U.S. Food and Drug Administration following review of Krystal's human factors validation study report submitted in January 2022. Per the FDA's guidance, Krystal plans to address the convenience of dosing a patient at home of our intend-to-market B-VEC commercial product in its BLA submission that is anticipated in 2Q, 2022.
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VERU | Hot Stocks07:15 EDT Veru jumps 26% after 'positive' results from Phase 3 trial of oral sabizabulin - In pre-market trading, shares are up 26% to $5.47.
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VIEW AMZN | Hot Stocks07:15 EDT View Smart Windows installed at Amazon office in Redmond - View, Inc. (VIEW) announced that Amazon (AMZN) has completed installation of View Smart Windows in its new leased office at 16331 NE 72nd Way, in Redmond, Washington.
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FPI | Hot Stocks07:15 EDT Farmland Partners sells 303 acres of North Carolina farmland for $4M - Farmland Partners sold approximately 303 acres of North Carolina farmland to a large solar power developer for $4M on Wednesday. The company realized a net gain of nearly $2.3M, or 132%, on the disposition. The parcel was part of a 944-acre farm that FPI acquired in 2015. It will continue to rent the remaining farmland to a local farmer.
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TCRX AVRO | Hot Stocks07:14 EDT TScan Therapeutics appoints Leiden Dworak as VP, finance - TScan Therapeutics (TCRX) announced the appointment of Leiden Dworak, CPA, MBA, as Vice President, Finance. Prior to joining TScan, Mr. Dworak was the Vice President, Head of Financial Planning and Analysis and Business Operations at AVROBIO (AVRO).
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GTBIF | Hot Stocks07:12 EDT Green Thumb Industries to open RISE Mankato on April 14 - Green Thumb Industries announced it will open RISE Mankato on April 14. Profits from the first day of sales will be donated to Habitat for Humanity of Minnesota. In addition to RISE Mankato, the Company has five other retail locations throughout the state, including: Eagan, Hibbing, St. Cloud, St. Paul and Willmar. Formerly known as LeafLine, each store was rebranded to RISE earlier this month. Profits from the first day of sales as newly branded RISE stores will also be donated to Habitat Minnesota.
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AGFY | Hot Stocks07:11 EDT Agrify enters Total Turn-Key agreement with Loud Wellness - Agrify announced it has signed a definitive agreement for its Agrify Total Turn-Key Solution with Loud Wellness, Loud Wellness is one of only eight awardees that received both the Class 1 Cultivator and Class 2 Manufacturer licenses in New Jersey. As one of only eight vertically integrated operators in New Jersey with both cultivation and manufacturing licenses, Loud Wellness is hoping to leverage the technology, services, and support offered through the Agrify TTK Solution to produce the highest quality and most diversified product portfolio ranging from top premium flowers to other concentrated products. In addition, Loud Wellness has joined forces with Rowan University to study cannabis cultivated using Agrify's Vertical Farming Units with the goal of uncovering the plant's benefits at a deeper level. Lastly, Loud Wellness is led by a team of highly capable, experienced individuals committed to success including Turk McBride, former NFL player and pioneer in the cannabis industry, and Pedro "Pete" Demorejon, Cultivation Manager, former MLB pitcher, and cannabis industry veteran personally holding more than 100 cultivars and former director of Florida's first legal grower. The terms of the 10-year agreement entered into with Agrify include the installation of 500 VFUs, along with the use of the fully integrated Agrify Insights software, at Loud Wellness' Glassboro, NJ facility - initially having 50,000 sq. ft. allocated to cultivation, 20,000 sq. ft. for manufacturing, and an 8,500 sq. ft. research center with an additional 50,000 sq. ft. available for expansion. Under the agreement, Agrify will also provide architectural and engineering services, operations consulting, and brand licensing. The engagement is expected to generate approximately $100 million in production success fees, based on a conservative 35 pounds annual dry-flower production per VFU, and approximately $18 million in SaaS software fees for Agrify during the 10-year term of the agreement. Upon securing additional third-party financing, Agrify may provide Loud Wellness up to an $18M construction loan based on its standard TTK terms.
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BCYC | Hot Stocks07:10 EDT Bicycle announces interim BT8009 Phase 1 trial results at AACR - Bicycle Therapeutics announced interim Phase I results from the Phase I/II trial of BT8009, a second-generation BTC( targeting Nectin-4. The results were presented in an oral presentation on Sunday, April 10 at the 2022 American Association for Cancer Research Annual Meeting in New Orleans, LA. "Since our initial BT8009 Phase I/II trial interim results last year, we are encouraged to see BT8009's promising profile endure over time. Over the last six months, the preliminary anti-tumor findings have been confirmed, the initial responses have deepened and remained durable, and the tolerability profile remains unchanged," said Dominic Smethurst, MRCP, Chief Medical Officer of Bicycle Therapeutics. "We believe BT8009 has the potential to offer clinically meaningful differentiation compared to currently available therapies and we look forward to advancing the program once the escalation phase is complete." "As previously hypothesized, we believe that the differentiated pharmacokinetic profile of BTCs has the potential to deliver improved outcomes for patients and it is pleasing to see these clinical data mature and with it, the promise for a potentially industry-leading product profile," said Kevin Lee, Ph.D., Chief Executive Officer. "We look forward to providing additional updates on BT8009 as well as updates from our broad Bicycle oncology pipeline this year." As of March 7, 2022, thirty-seven patients have been dosed in the Phase I/II trial of BT8009. A total of twelve response evaluable urothelial cancer patients have been dosed in monotherapy cohorts of 2.5mg/m2 and 5.0mg/m2 weekly in the ongoing trial.
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AJRD AMZN | Hot Stocks07:10 EDT Aerojet Rocketdyne secures RL10 engine contract from United Launch Alliance - United Launch Alliance recently awarded the largest RL10 contract ever to Aerojet Rocketdyne (AJRD) to deliver 116 RL10C-X engines for its Vulcan Centaur rocket. The new engines will support ULA as it works to fulfill its commitments under a contract they recently received from Amazon (AMZN), as part of the largest commercial launch contract in history, to support the launch of its Kuiper satellite constellation.
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BNTX MTNB | Hot Stocks07:08 EDT BioNTech, Matinas enter research collaboration for mRNA-based vaccines - BioNTech SE (BNTX) and Matinas BioPharma (MTNB) announced that they have entered into an exclusive research collaboration to evaluate the combination of mRNA formats and Matinas' proprietary LNC platform technology. The parties will closely collaborate on formulation, optimization, and in vitro testing. Under the terms of the agreement, Matinas will receive an upfront access fee to work exclusively with BioNTech, as well as additional research funding from BioNTech. The parties have also commenced discussions on a license agreement for Matinas' LNC platform technology.
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COGT | Hot Stocks07:07 EDT Cogent Biosciences presents nonclinical data at AACR, provides portfolio update - Cogent Biosciences presented two poster presentations at the American Association of Cancer Research, AACR, annual meeting taking place April 8-13, 2022. The first included updated nonclinical bezuclastinib data reinforcing its potential to be a differentiated, best-in-class KIT mutant inhibitor. The second focused on nonclinical data from Cogent's next-generation fibroblast growth factor receptor 2, FGFR2, research program, designed to spare FGFR1 while potently covering all gatekeeper and molecular brake mutations. Finally, the company shared additional details at an R&D Investor Event, on its portfolio expansion plans by highlighting its early efforts to develop an ErbB2 mutant selective inhibitor for patients with non-exon 20 mutations. Bezuclastinib Nonclinical Data: New nonclinical data, presented at AACR, demonstrates that bezuclastinib potently inhibits A loop-mutations exquisitely selective against other closely related kinases, and differentiates bezuclastinib by its lack of brain penetration. These data support that bezuclastinib inhibits KIT downstream signaling and is able to drive tumor regressions at clinically achievable doses. Growing Pipeline of Small Molecule Inhibitors: Cogent's research team is also building a pipeline of small molecule inhibitors. Based on preclinical data presented, the Company's FGFR program has the potential to both spare FGFR1 inhibition, avoiding related toxicity, as well as potently cover the relevant molecular brake and gatekeeper mutations associated with this target. Cogent is advancing a potent, selective FGFR2 inhibitor program toward candidate selection later this year and expects to file this first internally developed Investigational New Drug application in the second half of 2023.The Company also shared an early look at a novel, non-exon 20 ErbB2 mutant program.
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ELAN DNA | Hot Stocks07:07 EDT Elanco, Ginkgo Bioworks launch BiomEdit, a microbiome innovation company - Elanco Animal Health (ELAN) and Ginkgo Bioworks (DNA) announced the launch of BiomEdit, a microbiome innovation company that is expected to discover, develop and introduce novel probiotics, bioactive molecules, engineered microbial medicines and microbial monitoring services for animal health. Microbiome science is a rapidly growing field creating breakthroughs in animal health based on the microbial communities in animals and the surrounding environment. BiomEdit intends to discover, develop and introduce differentiated products that address some of the greatest needs for innovation in animal health, including medicated feed ingredients, nutritional health and therapeutics for livestock and pet species, as well as biosecurity technology for animal disease monitoring. Elanco will contribute intellectual property and a pipeline of ongoing programs to BiomEdit, which will be staffed with members of the former Elanco microbiome R&D team. The team brings the expertise and experience needed to build on the foundation of microbiome work started at Elanco. By leveraging foundational programs from Elanco, intellectual property from both Elanco and Ginkgo, and an experienced team, BiomEdit should be well positioned as a stand-alone company to develop and launch innovative products to address unmet needs in animal health. In addition to the assets and intellectual property contributed by Elanco and Ginkgo, BiomEdit is launching with a targeted Series A funding raise of $40M, with participation by Viking Global Investors and Anterra Capital. In exchange for their respective asset and intellectual property contributions, Elanco and Ginkgo are expected to retain approximately 40% combined proportional ownership of BiomEdit, on a fully-diluted basis, upon the completion of the Series A financing. Elanco's ownership will be in non-voting shares.
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WBX | Hot Stocks07:07 EDT Wallbox begins Arlington manufacturing facility construction - Wallbox announced the commencement of construction at its Arlington manufacturing facility, the company's first U.S.-based EV charger manufacturing facility. The 130,000 square-foot high-tech plant is expected to have enough capacity to fully support Wallbox's expansion plans in North America over the next decade. This announcement comes on the heels of the start of production at Wallbox's new state-of-the-art factory in Barcelona, which began in December 2021 and will be inaugurated later this month. Investing approximately $11M USD into initial construction, Wallbox is expecting to begin production within the facility by early Fall 2022. Initial construction is planned to allow the EV charger and energy management company to manufacture over 250,000 units in 2022, and over 500,000 in 2025. The new facility is anticipated to create approximately 250 direct jobs in the region by 2030. Wallbox also entered into partnerships with U.S. suppliers, for the design and construction of the facility, storage racking, and its new assembly line. "With the U.S. undergoing a steady increase in demand toward energy-friendly solutions due to the government's aggressive EV infrastructure targets, we are pleased to begin construction on our factory that will be at the forefront of serving this rapidly growing market," said Douglas Alfaro, General Manager of North America at Wallbox. "The U.S. factory is an exciting milestone that allows us to expand our local footprint stateside, and we are thrilled to begin construction in Arlington. The manufacturing facility is expected to allow us to better meet the needs of our American customers and support the nation's transition toward electric mobility." Wallbox made the strategic decision to select Arlington, Texas as the location of its first North American manufacturing hub for a variety of factors including the city's position as a central transit hub between the East and West coasts, its access to cross-country highway corridors and central location to other major cities in the region including Dallas and Fort Worth. The Arlington facility is Wallbox's fourth manufacturing site, additive to two facilities in Europe and one in China. Between all facilities, Wallbox is expected to have a global production capacity of over 1.1 chargers per year by the end of this year.
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NEO | Hot Stocks07:06 EDT NeoGenomics expands partnership with Biognosys - NeoGenomics announced a strategic partnership agreement with Biognosys, a Switzerland-based company specializing in next-generation proteomics solutions for drug discovery and development this week. In a collaborative scientific effort, NeoGenomics and Biognosys AG have designed a multi-modality approach for the protein analysis of tumor samples from late-stage melanoma patients treated with immune-checkpoint inhibitors, demonstrating the power of a dual proteomic and multiplexed immunofluorescence profiling for a comprehensive characterization of melanoma patients along with discovery and detection of markers for predictive response to ICI-therapy. The collaboration combines Biognosys' TrueDiscovery unbiased proteomics platform based on proprietary mass spectrometry technology with mIF spatial tissue analysis using MultiOmy, a NeoGenomics proprietary platform. This data will be presented with two posters by NeoGenomics and Biognosys at the American Association for Cancer Research, or AACR, held this year at New Orleans.
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IO | Hot Stocks07:06 EDT Ion Geophysical enters agreement for further forbearance extensions - ION Geophysical Corporation announced that the lenders under its Credit Agreement have agreed to extend the current forbearance through April 12, 2022. ION also announced that holders of more than 79% of its 2025 Notes agreed to continue their forbearance through April 12, 2022. ION remains in continuing discussions with its lenders and the holders of its 2025 Notes and other indebtedness regarding various strategic alternatives to strengthen its financial position and maximize stakeholder value. These strategic alternatives include, among others, a sale or business combination transaction or sales of assets, any of which may be executed as part of an in-court or out-of-court restructuring process.
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CDNA | Hot Stocks07:05 EDT CareDx to host session on digital solutions for transplant centers - CareDx announced it will host a lunch and learn session offering strategies and digital solutions to help transplant centers thrive in the midst of increasing volumes, changing metrics, and staff burnout, during the annual UNOS Transplant Management Forum taking place April 11-13 in Phoenix, Arizona. In addition to the CareDx lunch session, Medical City Transplant Institute in Dallas had an accepted abstract, "The Transplant Connection: Improving Process Outcomes Electronically," that demonstrated the impact of using the CareDx electronic platform, TxAccess, for referral processing. The study showed that the use of this platform resulted in many benefits including: significant time savings and error reductions in referral entries; facilitation of bi-directional electronic communication between the transplant center and the referring provider; and time and supply cost savings associated with transitioning away from paper-based communications. CareDx's popular AlloCare mobile health app was recently integrated with TxAccess to help patients connect with their referring provider and transplant center in managing the complex transplant waitlisting process.
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CHX | Hot Stocks07:05 EDT ChampionX Chemical Technologies business announces supply surcharge - Champion announced it will enact a supply surcharge on products shipped to its Chemical Technologies customers. This surcharge will go into effect immediately. ChampionX is implementing this measure for Chemical Technologies customers until permanent pricing agreements are put into place that reflect the current cost environment. "The energy industry has been impacted by increasing global unrest in addition to an already constrained supply environment, which have all combined to drive ongoing high inflation. That has made it necessary for us to take this step," said Deric Bryant, Chief Operating Officer and President, Chemical Technologies. "This will enable us to continue serving customers seamlessly and support security of supply for their operations."
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DOW | Hot Stocks07:04 EDT Dow Inc. takes minority stake in the Hanseatic Energy Hub GmbH - Dow Inc. announced it has signed a definitive agreement to take a minority stake in the Hanseatic Energy Hub GmbH and is working with HEH's current members to advance Germany's capabilities to import supplies of liquified natural gas, bio-liquified natural gas and synthetic natural gas through the construction of an import terminal. The HEH consortium, which now includes Dow, Fluxys, Partners Group and Buss Group, is planning to build, own, and operate an import terminal for liquified gases on Dow's Stade, Germany industrial park. This zero-carbon emission terminal is to be built by 2026 and will be co-located with Dow's facilities in Stade. Dow is contributing the land for the construction of the terminal as well as infrastructure services, off-gas heat, site services and mutual harbor use rights. With a projected regasification capacity of 13.3 billion cubic metres of natural gas per year, the import terminal supports the Joint Statement between the European Commission and the United States on European Energy Security by satisfying up to 15% of Germany's current natural gas demand. The agreement would also allow the United States to meet nearly 25% of its goal to export 50 bcm of natural gas annually to Europe by 2030. Additionally, the terminal will repurpose off-gas heat at the Dow site for the carbon emissions-free regasification of the liquefied gas back to its gaseous state.
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FLNC | Hot Stocks07:04 EDT Fluence to acquire AI-enabled SaaS company Nispera - Fluence announced that it has entered into an agreement to acquire Nispera AG. Nispera is a Zurich-based provider of artificial intelligence and machine learning-enabled software-as-a-service targeting the renewable energy sector. Nispera's advanced technology helps customers monitor, analyze, forecast, and optimize the performance and value of renewable energy assets. Its flagship offering is an AI-driven utility-scale asset performance management platform that currently has 8 GW of assets under management across 450 wind and solar projects on a global basis. In combination with Fluence IQ's digital application offerings, Nispera's suite of five applications will enable the combined firm to offer its customers a user-centric "manage app". In addition to its core SaaS product, Nispera's technology portfolio includes a predictive maintenance app, an operations and maintenance app, and a portfolio management app. The company also offers a fifth application that provides enhanced power generation forecasting services for energy assets that is particularly attractive to energy traders, large asset managers, grid operators, and financial institutions. Nispera's AI and machine learning-enabled software collects and analyzes data from wind, solar, and hydro assets and other external sources in more than 25 countries. It uses the data to monitor actual and expected energy production, identify areas of underperformance, detect anomalies with AI-based predictive analytics, and automate reporting to customers, improving asset and portfolio uptime and increasing revenue capture. Nispera's customers will continue to receive the same best-in-class service without interruption as it becomes part of the Fluence ecosystem. Customers will also benefit from future technology investments as part of Fluence's digital strategy. Closing of the transaction is expected in Fluence's fiscal third quarter, subject to customary closing conditions. Following the closing of the transaction, Nispera will maintain its leadership team operating under the Fluence brand name from its headquarters in Zurich, Switzerland. The transaction includes an all-cash buyout provision of approximately $30 million for existing private investors in Nispera. In addition to the cash payment, Fluence will also issue restricted stock to Nispera's management team that vests over three years for retention purposes.
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ORTX | Hot Stocks07:03 EDT Orchard announces reimbursement agreement, to make Libmeldy available in Italy - Orchard Therapeutics announced it has reached another historic reimbursement agreement with the Italian Medicines Agency, also known as Agenzia Italiana del Farmaco, AIFA, to enable access to Libmeldy for all children with metachromatic leukodystrophy, MLD, who fall within the scope of the European marketing authorization. The news marks the second reimbursement agreement to cover all eligible MLD patients that Orchard has reached with a European market this year. "Following the February announcement of our landmark reimbursement agreement with NHS England, we are pleased that the Italian Medicines Agency has recognized the significant potential clinical benefit Libmeldy offers, granting it innovative status and agreeing to reimburse the therapy for all eligible MLD patients in the country," said Braden Parker, chief commercial officer of Orchard Therapeutics. "The momentum on our reimbursement negotiations is encouraging, as is our early progress in identifying patients in both Europe and the Middle East who may benefit from this therapy."
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TGI RTX | Hot Stocks07:03 EDT Triumph Group awarded Jammer Mid-Band production contract from Raytheon Technologies - Triumph Group (TGI) announced that it was awarded a multi-year contract from Raytheon Intelligence & Space, a Raytheon Technologies (RTX) business, to deliver air inlet and exhaust electro-mechanical door actuators and an advanced electronic control system for the Next Generation Jammer Mid-Band pod. The contract covers production demand for LRIP lots I and II as well as non-recurring engineering for product and producibility enhancement. The work will be performed at Triumph's Actuation Products & Services facility located in Redmond, Washington. The Next Generation Jammer is the Navy's advanced electronic attack system that offensively denies, disrupts, and degrades enemy technology, including air-defense systems and communications. NGJ-MB uses the latest digital, software-based and Active Electronically Scanned Array technologies. This allows operators to non-kinetically attack significantly more targets and at greater distances.
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SPPI | Hot Stocks07:03 EDT Spectrum announces resubmitted eflapegrastim BLA accepted for filing - Spectrum announced that the resubmitted biologics license application, or BLA, for eflapegrastim has been accepted for filing. The FDA has set a Prescription Drug User Fee Act, or PDUFA, goal date of September 9. Spectrum is seeking an indication to decrease the incidence of infection, as manifested by febrile neutropenia, in patients with non-myeloid malignancies receiving myelosuppressive anti-cancer drugs associated with clinically significant incidence of febrile neutropenia.
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SCPH | Hot Stocks07:02 EDT scPharmaceuticals announces resubmission of FUROSCIX NDA - scPharmaceuticals announced that the company has resubmitted its New Drug Application, NDA, to the US Food and Drug Administration, FDA, seeking marketing approval for FUROSCIX for the treatment of decompensated heart failure. In addition, West Pharmaceutical Services, Inc. has completed all development activities and submitted the Device Master File in support of the FUROSCIX NDA. "The resubmission of the FUROSCIX NDA is a major milestone for our company as it is an important landmark in our transition to a commercial stage company, if approved," stated John Tucker, chief executive officer of scPharmaceuticals. "Our clinical data package, together with the compelling cost savings recently observed in our FREEDOM-HF study, give us a high degree of conviction that, if approved, FUROSCIX could become a valuable therapy for the treatment of worsening heart failure due to congestion pre-hospital admission and/or post-discharge." The company is advancing its commercial readiness activities in anticipation of a potential Q4 commercial launch, if approved. These include: Finalizing physician, payer and pricing research; Communicating FUROSCIX data, including FREEDOM-HF data, to pharmacy benefit managers and health plans through its product dossier; Finalizing FUROSCIX distribution partners; and Reinitiating commercial staffing to support anticipated Q4 2022 launch, if approved.
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ARDX | Hot Stocks07:01 EDT Ardelyx, Kyowa Kirin amend license agreement for tenapanor - Ardelyx announced that it has reached an agreement with its Japanese collaboration partner, Kyowa Kirin Co. Ltd., to amend the license agreement, originally executed in 2017, that grants to Kyowa Kirin exclusive rights to develop and commercialize Ardelyx's tenapanor for the treatment of cardiorenal diseases, including hyperphosphatemia, in Japan. Under the agreement, in consideration for a reduction in the royalty rate due Ardelyx upon net sales in Japan, Kyowa Kirin has agreed to pay Ardelyx consideration of up to additional U.S. $40M payable in two tranches, with payment due following Kyowa Kirin's filing with the Japanese Ministry Health, Labour and Welfare (MHLW) of its application for marketing approval for tenapanor and the second payment due following Kyowa Kirin's approval to market tenapanor for hyperphosphatemia in Japan. Kyowa Kirin is finalizing its Phase 3 clinical program for tenapanor for hyperphosphatemia and has disclosed its current expectation to file for approval with Kyowa Kirin in the second half of 2022 and its current expectation that it will receive a decision from Kyowa Kirin regarding its application in the second half of 2023. The royalty rate at which Kyowa Kirin will make payments on net sales to Ardelyx under the License Agreement will be reduced from the high teens to low double digits for a two-year period, and then to mid-single digits.
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ANIP | Hot Stocks06:56 EDT ANI Pharmaceuticals announces launch of Misoprostol Tablets, 100 mcg and 200 mcg - ANI Pharmaceuticals announced the launch of Misoprostol Tablets, 100 mcg and 200 mcg. ANI's Misoprostol Tablets are the generic version of the Reference Listed Drug Cytotec. The current annual U.S. market for Misoprostol Tablets, 100 mcg and 200 mcg is approximately $15.3M, according to IQVIA/IMS Health, a leading healthcare data and analytics provider.
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EXK | Hot Stocks06:54 EDT Endeavour Silver reports Q1 production of 1,314,955 silver ounces - Endeavour Silver is pleased to report first quarter 2022 production of 1,314,955 silver ounces and 8,695 gold oz, for silver equivalent production of 2M oz. "The year is off to a strong start," stated Dan Dickson, CEO. "Operationally, Guanacevi continues to outperform production expectations and Bolanitos remains steady. Strategically, we made a significant move in January signing a definitive agreement to acquire the Pitarrilla Project, one of the world's largest undeveloped silver deposits. The addition of Pitarrilla, which is expected to close in the second quarter, significantly enhances our already attractive pipeline of growth projects, which also includes Terronera and Parral."
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USAP | Hot Stocks06:53 EDT Universal Stainless & Alloy reports liquid metal spill at Bridgeville, PA shop - Universal Stainless & Alloy Products reported that a liquid metal spill occurred during operations at its Bridgeville Electric Arc Melting facility. The spill was caused by a breakthrough at the bottom of a furnace shell. Clean up and damage assessment are underway, and the company expects melting operations to resume in 6 to 8 weeks subject to parts and contractor availability. All other operations continue to function as normal. The company does not expect any near-term interruption to product delivery schedules. Chairman, President and CEO, Dennis Oates commented, "I am grateful no one was injured and there is no environmental impact. We are fully focused on getting melt back into production as soon as possible. As we firm up the recovery plan we will provide an update when we release our first quarter results on April 20th. We have a record order backlog and remain committed to ensuring our customers are not impacted."
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SQZ | Hot Stocks06:50 EDT SQZ Biotechnologies presents new eAPC preclinical data - SQZ Biotechnologies shared enhanced antigen presenting cell preclinical data demonstrating that delivery of multiple mRNAs encoding for disease-specific antigens together with immune stimulators had a synergistic effect that substantially increased killer T cells in humanized mouse models. The preclinical data, presented at the American Association for Cancer Research 2022 Annual Meeting, showed this in vivo enhancement can be seen with a variety of disease antigen mRNAs across a range of HLA types. The findings indicate the potential of the company's eAPC platform to induce a robust killer T cell response against specific diseases, and the opportunity to increase the number of patients who could potentially benefit from eAPC therapeutic candidates.
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SAIL | Hot Stocks06:49 EDT SailPoint to be acquired by Thoma Bravo for $65.25 per share cash, or $6.9B - SailPoint Technologies announced that it has entered into a definitive agreement to be acquired by Thoma Bravo in an all-cash transaction that values SailPoint at approximately $6.9B. Subject to the terms of the Agreement, SailPoint stockholders will receive $65.25 per share in cash, representing a premium of 48% to SailPoint's 90-day volume-weighted average price. Upon completion of the transaction, SailPoint will become a privately held company with the flexibility and resources to continue providing industry-leading identity security solutions to modern enterprises around the world. Additionally, SailPoint will benefit from the operating capabilities, capital support, and deep software expertise of Thoma Bravo. A Special Committee of the Board of Directors of SailPoint has unanimously recommended, and following that recommendation, the Board has unanimously approved, the agreement with Thoma Bravo, and the Board unanimously recommends that SailPoint stockholders vote in favor of the transaction at the Special Meeting of Shareholders to be called in connection with the transaction. The agreement includes a "go-shop" period expiring at 11:59 p.m. Eastern time on May 16, which allows the Board and its advisors to actively initiate, solicit and consider alternative acquisition proposals from third parties. The Board will have the right to terminate the merger agreement to enter into a superior proposal subject to the terms and conditions of the merger agreement. There can be no assurance that this "go-shop" will result in a superior proposal, and SailPoint does not intend to disclose developments with respect to the solicitation process unless and until it determines such disclosure is appropriate or otherwise required. The transaction is expected to close in the second half of 2022, subject to customary closing conditions, including approval by SailPoint stockholders and receipt of regulatory approvals. Upon closing of the transaction, SailPoint's common stock will no longer be listed on any public market. The company will continue to be headquartered in Austin, Texas. Financing for the transaction is being provided by Golub Capital, Blackstone Credit and Owl Rock Capital.
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IGT | Hot Stocks06:48 EDT International Game to acquire iSoftBet for EUR 160M in cash - International Game announced that it has entered into a definitive agreement to acquire iSoftBet, an iGaming content provider and third-party game aggregator, for approximately EUR 160M in cash. The acquisition will more than double the IGT PlayDigital content library to approximately 225 proprietary games, in addition to providing a world-class, proprietary game aggregation platform to distribute third-party games, and data-driven promotional and user-engagement tools. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions.
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PFE LOW | Hot Stocks06:47 EDT Pfizer names David Denton as CFO, succeeding Frank D'Amelio - Pfizer (PFE) announced that David Denton will join the company as CFO and Executive Vice President effective May 2. Denton will be a member of Pfizer's Executive Leadership Team reporting to Chairman and CEO, Albert Bourla. He joins Pfizer from Lowe's Companies (LOW) where he served as CFO and Executive Vice President. Denton succeeds Frank D'Amelio, CFO and Executive Vice President, who recently announced his intention to leave Pfizer after a notable 15-year career. D'Amelio has agreed to remain in place through a transition period. Denton has more than 25 years of finance and operational expertise, including more than 20 years in the healthcare sector.
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SAIL | Hot Stocks06:45 EDT SailPoint to be acquired by Thoma Bravo for $65.25 per share cash, or $6.9B
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EH | Hot Stocks06:38 EDT EHang receives pre-order for 100 units of EH216 AAVs from Prestige Aviation - EHang announced that EHang has received a pre-order for 100 units of EH216 AAVs from Prestige Aviation, an Indonesian aviation company and a subsidiary of Prestige Corp., at the online contract signing ceremony during the Indonesia International Motor Show 2022 on April 9. It's the largest pre-order EHang has received so far for its passenger-grade AAVs in Asia. Prestige Aviation previously purchased one unit of EH216 from EHang, and the two parties jointly conducted a debut flight demonstration for aerial sightseeing in Bali, Indonesia in 2021.
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TFX | Hot Stocks06:36 EDT Teleflex announces launch of UroLift System in Japan - Teleflex has announced the launch of the UroLift System in Japan for treating benign prostatic hyperplasia, or enlarged prostate. The UroLift System is now available for purchase, effective immediately. Teleflex previously announced reimbursement approval from the Central Social Insurance Medical Council of Japan.
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MNOV | Hot Stocks06:35 EDT MediciNova announces plans for Phase 2 trial of MN-001 in NAFLD - MediciNova announced that the U.S. FDA has completed its review of a Phase 2 clinical trial protocol to evaluate MN-001 for the treatment of patients with non-alcoholic fatty liver disease, type 2 diabetes mellitus, and hypertriglyceridemia. This study builds on findings from a previous Phase 2a study in NASH/NAFLD patients with hypertriglyceridemia in which MN-001 was shown to reduce serum triglycerides, increase high-density lipoproteins, and reduce low-density lipoproteins during the 12-week treatment period. The improvements in the serum lipid profile were more significant in the patients with T2DM/prediabetes. In the next study, liver fat content will be assessed by MRI Proton Density Fat Fraction in addition to the serum lipid profile. The trial will be fully funded by MediciNova.
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VERU | Hot Stocks06:34 EDT Veru reports 'positive' results from Phase 3 COVID-19 trial of oral sabizabulin - Veru announced positive efficacy and safety results from a planned interim analysis of the double-blind, randomized, placebo-controlled Phase 3 COVID-19 clinical trial evaluating oral sabizabulin 9 mg versus placebo in 150 hospitalized COVID-19 patients at high risk for Acute Respiratory Distress Syndrome. The Independent Data Safety Monitoring Committee unanimously recommended that the Phase 3 study be halted early due to efficacy, and they further remarked that no safety concerns were identified. The Phase 3 COVID-19 study is a double-blind, randomized, placebo-controlled Phase 3 clinical trial evaluating oral, once-a-day dosing of sabizabulin 9 mg versus placebo in approximately 210 hospitalized moderate to severe COVID-19 patients who were at high risk for ARDS and death. Patients were randomized in a 2:1 ratio to the sabizabulin treatment group versus placebo. Patients in both treatment groups were allowed to receive standard of care including remdesivir, dexamethasone, anti-IL6 receptor antibodies, and JAK inhibitors. The trial was conducted in the United States, Brazil, Colombia, Argentina, Mexico, and Bulgaria. COVID-19 infections treated in the study included the Delta and Omicron variants. A planned interim analysis was conducted in the first 150 patients randomized into the study. The primary efficacy endpoint was the proportion of patients that died by Day 60. The prespecified primary endpoint was death at or before day 60. Sabizabulin treatment resulted in a clinically and statistically meaningful 55% relative reduction in deaths in the intent to treat population. Placebo group had a 45% mortality rate compared to the sabizabulin-treated group which had a 20% mortality rate. The secondary efficacy endpoints are still being analyzed at the time of this release. Sabizabulin treatment was well tolerated in this patient population with no clinically relevant safety observations in the sabizabulin treated group compared to placebo. The company plans to meet with FDA to discuss next steps including the submission of an emergency use authorization application. As previously disclosed, the FDA granted Fast Track designation to the sabizabulin COVID-19 clinical program in January 2022, which the company hopes will help streamline the emergency use authorization process. The company has scaled up manufacturing processes to produce commercial drug supply to address anticipated drug needs following potential FDA authorization. The company has been in discussions with BARDA and other US government agencies in an effort to secure an advance purchasing agreement of drug product for the U.S.
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ENJY | Hot Stocks06:11 EDT Enjoy Technology CFO Fareed Khan to depart, Cal Hoagland named interim CFO - Enjoy Technology announced that Fareed Khan, CFO, has decided to depart the company to pursue other opportunities, and Cal Hoagland, an experienced CFO, will join Enjoy as interim CFO. Khan will remain with Enjoy through the end of April and assist with the transition. Enjoy intends to launch a comprehensive search for a successor.
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HOLI | Hot Stocks06:04 EDT Great Wall Capital joins co-investment in Hollysys acquisition - Great Wall Capital announced that it has joined the co-investment with Recco Control and Dazheng Group in acquiring Hollysys Automation on a non-binding basis. Recco and Dazheng issued a press release on March 21 announcing the strategic cooperation memorandum of understanding entered into among Great Wall Capital, Recco and Dazheng. At this stage, there can be no assurance that any agreement with the board of Hollysys could be reached in respect of a potential acquisition of Hollysys.
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BGNE | Hot Stocks06:04 EDT BeiGene: BRUKINSA shows 'superiority' versus ibrutinib in Phase 3 ALPINE trial - BeiGene announced results from the Phase 3 ALPINE trial showing BTK inhibitor BRUKINSA demonstrated superiority versus ibrutinib in overall response rate as assessed by an Independent Review Committee in adult patients with relapsed or refractory chronic lymphocytic leukemia or small lymphocytic lymphoma. After achieving superiority in the primary endpoint of investigator-assessed overall response rate at the interim analysis, in this final response analysis, BRUKINSA met the primary endpoint of superiority over ibrutinib in ORR as determined by IRC, with a response rate of 80.4%. ORR is defined as the combined rate of complete responses and partial responses. A total of 652 patients were enrolled in the ALPINE trial across Europe, the United States, China, New Zealand and Australia and were followed for a median of 24.2 months. The next planned analysis of ALPINE data will be the PFS final analysis. BRUKINSA was generally well tolerated with safety results consistent with previous studies. A prespecified safety analysis showed the rate of atrial fibrillation or flutter continued to be lower in the BRUKINSA arm. The rate of atrial fibrillation or flutter at 24.2 months of median follow-up was 4.6% in the BRUKINSA arm and 12.0% in the ibrutinib arm. Among 324 patients in each arm, 13.0% of patients who received BRUKINSA discontinued treatment due to adverse events compared to 17.6% of patients who received ibrutinib. The most commonly reported grade 3 or higher adverse events for BRUKINSA versus ibrutinib, respectively, were neutropenia, hypertension, pneumonia, neutrophil count decreased, COVID-19 pneumonia.
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CAAS | Hot Stocks06:02 EDT China Automotive announces $5M share repurchase program - China Automotive announced that its board of directors approved a share repurchase program of up to $5M of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $4.00 per share through March 30, 2023, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional share purchases in addition to the company repurchase.
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SCGLY | Hot Stocks05:40 EDT Societe Generale to exit Russia with sale of Rosbank stake to Interros Capital - Societe Generale said in a statement that it ceases its banking and insurance activities in Russia and announces the signing of a sale and purchase agreement to sell its entire stake in Rosbank and the Group's Russian insurance subsidiaries to Interros Capital, the previous shareholder of Rosbank. With this agreement, concluded after several weeks of intensive work, the Group would exit in an effective and orderly manner from Russia, ensuring continuity for its employees and clients, SocGen said. This contemplated transaction, which remains subject to the approval of the relevant regulatory and anti-trust authorities, will be conducted in compliance with the legal and regulatory obligations in force. The closing of this operation should occur in the coming weeks. The impact of the disposal of Rosbank and the Group's Russian insurance activities on the Group's CET1 ratio is expected to be around 20 basis points based on the net value of the disposed assets as of December 31, 2021. Pro-forma this transaction, the Group's CET 1 ratio would remain comfortably above the Group's guidance. The Group confirms its distribution policy for the 2021 financial year i.e. the cash dividend of EUR 1.65 per share and the announced share buyback program for an amount of approximately EUR 915 million. Reference Link
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TWTR TSLA | Hot Stocks05:27 EDT Twitter CEO says Tesla's Elon Musk has decided not to join board - Parag Agrawal, CEO of Twitter (TWTR), stated in a tweet: "Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here." In his note, Agrawal states in part that Tesla (TSLA) CEO Elon Musk has decided not to join Twitter's board, sharing: "We announced on Tuesday that Elon would be appointed to the Board contingent on a background check and formal acceptance. Elon's appointment to the board was to become officially effective 4/9, but Elon shared that same morning that he will no longer be joining the board. I believe this is for the best... Elon is our biggest shareholder and we will remain open to his input. There will be distractions ahead, but our goals and priorities remain unchanged. The decisions we make and how we execute is in our hands, no one else's. Let's tune out the noise, and stay focused on the work and what we're building." Reference Link
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WTW | Hot Stocks05:25 EDT Willis Towers Watson receives IRDAI approval for full ownership of WTW India - Willis Towers Watson announced it has received approval from the Insurance Regulatory and Development Authority of India, or IRDAI, and has closed the transaction on the acquisition of the remaining 51% shares in Willis Towers Watson India Insurance Brokers Private, or WTW India. Effective immediately, Vivek Nath is appointed as WTW's Head of India.
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KKR TPG | Hot Stocks05:23 EDT KKR acquires UK logistics assets in Harlow from TPG, Stoford for GBP 160M - KKR (KKR) announced that Mirastar, KKR Real Estate's industrial and logistics platform in Europe, has acquired four UK logistics assets, located in Harlow, for GBP 160M from TPG (TPG) and Stoford. The four newly-built Grade A freehold assets, totaling 370,000 square feet, are located in Harlow, Greater London.
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BRAG | Hot Stocks05:20 EDT Oryx Gaming goes live in UK with Casumo - Oryx Gaming announced that it has taken its content live in the UK with the mobile-first online gaming group, Casumo. An initial selection of games from Oryx's content portfolio has gone live with the casino operator, with additional titles, including from Atomic Slot Lab powered by Bragg, set to be rolled-out on a regular basis.
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ASX | Hot Stocks05:18 EDT ASE Technology reports March revenue $1.84B vs. $1.49B last year - Reports March ATM revenue $1.08B vs. $913M last year.
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ERIC | Hot Stocks05:17 EDT Ericsson records SEK 0.9B provision in Q1 after suspending business in Russia - In late February, Ericsson suspended all deliveries to customers in Russia. In the light of recent events and of European Union sanctions, the company will now suspend its affected business with customers in Russia indefinitely. Ericsson is engaging with customers and partners regarding the indefinite suspension of the affected business. The priority is to focus on the safety and well-being of Ericsson employees in Russia and they will be placed on paid leave. As a consequence, Ericsson records a SEK 0.9B. provision in Q1 for impairment of assets and other exceptional costs. No staff redundancy cost is included. The provision will be recorded in other operating expenses in Segment Networks. Around one third of this amount will impact cashflow.
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BNTX | Hot Stocks05:15 EDT BioNTech presents data from BNT211 trial at AACR meeting - BioNTech presented data from its ongoing first-in-human Phase 1/2 trial evaluating the safety and preliminary efficacy of the company's novel CAR-T cell therapy candidate, BNT211, in patients with advanced solid tumors. The preliminary results demonstrated an encouraging safety profile and anti-tumor activity in testicular cancer patients at the first evaluated dose levels of BNT211. The data were presented in the Clinical Trials Plenary Session at the AACR Annual Meeting 2022. BNT211 is a therapeutic approach which comprises two drug products, an autologous CAR-T cell therapy targeting the oncofetal antigen Claudin-6, or CLDN6, and a CLDN6-encoding CAR-T cell amplifying RNA vaccine, or CARVac, which is based on BioNTech's mRNA-lipoplex technology to improve persistence and functionality of the adoptively transferred cells.The presentation included data from 16 patients who received CLDN6 CAR-T cells at dose levels 1 and 2 alone or combined with CARVac. Tumor indications included testicular cancer ovarian cancer, endometrial cancer, fallopian tube cancer, sarcoma, and gastric cancer. Treatment with CLDN6 CAR-T alone or in combination with CARVac up to dose level 2 was well tolerated and showed encouraging signs of clinical activity. All 16 patients showed robust CAR-T cell expansion 10-17 days after infusion with cell frequencies close to 109 total counts in dose level 2. Adverse events and dose limiting toxicities were manageable; cytokine release syndromes of grade 1 and 2 and one transient occurrence of neurotoxicity grade 1 were observed. At the first efficacy assessment six weeks post infusion, 6 of 14 evaluable patients showed a partial response, and 5 patients had stable disease with shrinkage of target lesions. One patient showed no change from baseline and two patients were progressing. Responses were seen in testicular and ovarian cancer patients. At 12 weeks, 4 of the 6 patients with a partial response showed deepening and durability of responses with one patient reaching a complete response 18 weeks after infusion. All 4 testicular cancer patients in the higher dose level had disease control and three of these patients showed objective responses. In addition, one testicular cancer patient showed partial response after infusion of the lowest CAR-T dose level in combination with CARVac. Antitumor activity tended to be higher at the higher CAR-T dose and when combined with the vaccine, with 4 of 5 patients in the CARVac combination group showing a partial response.
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PHG | Hot Stocks05:12 EDT Philips enters 10-year partnership agreement with Oulu University Hospital - Philips and Oulu University Hospital in FInland announced a strategic 10-year partnership agreement to support the hospital's ambitious OYS2030 renewal program. The program aims to transform the operations and facilities of Oulu University Hospital to meet the challenges of future specialized care for the approximately 750,000 inhabitants of Northern Finland. Philips is providing its latest image-guided therapy solutions and innovations to transform the diagnosis and treatment of patients, as well as maintenance, consultancy and financing services. The agreement will also act as an enabler for collaboration between the hospital and a Philips consultancy team specialized in providing services to drive healthcare transformation. Working closely with Oulu University Hospital, this team will identify unmet needs and help map out the way forward to maximize the benefits of the partnership and associated clinical research collaborations. Together, the organizations will drive efficiencies and innovations aimed at helping the hospital deliver on the Quadruple Aim of better health outcomes, increased efficiency, and improved patient and staff experiences.
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COE | Hot Stocks05:09 EDT China Online Education COO Liming Zhang to resign - China Online Education announced that Liming Zhang has tendered his resignation as the company's COO due to personal reasons. His last day with the company will be May 15.
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HYZN | Hot Stocks05:08 EDT Hyzon Motors to supply 18 fuel cell electric trucks to Hylane GmbH - Hyzon Motors announced it will supply its fuel cell electric trucks to Hylane GmbH, a wholly owned subsidiary of DEVK Versicherung, one of Germany's largest motor insurers. Hylane has purchased 18 Hyzon vehicles, with deliveries expected to begin in late 2022. Under Hylane's mobility model, fleet owners can deploy Hyzon vehicles in their operations through a rental agreement with Hylane. Further, it is expected that customers will only pay for the miles actually driven; Hylane plans to cover maintenance or downtime costs.
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FSM | Hot Stocks05:06 EDT Fortuna Silver Mines backs FY22 gold production view 244,000-280,000 ounces - The company said, "Fortuna reiterates its annual production guidance range of 6.2 to 6.9 million ounces of silver and between 244 to 280 thousand ounces of gold or between 369,000 to 420,000 ounces gold equivalent2 in 2022, including lead and zinc by products."
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FSM | Hot Stocks05:04 EDT Fortuna Silver Mines reports Q1 gold production 66,800 ounces, up 93% - Fortuna Silver Mines reported production results for Q1 from its four operating mines in the Americas and West Africa. Reports Q1 gold production of 66,800 ounces; a 93% increase over Q1 2021. Reports Q1 silver production of 1,670,128 ounces; a 13% decrease over Q1 2021. Reports Q1 gold equivalent production of 103,098 ounces. The company said, "The Company delivered a strong operating performance in the first quarter of 2022 with all mines on target to achieve annual guidance for silver and gold. Gold production of 66,800 ounces, an increase of 93 percent year-over-year, was driven by contributions of 30,068 ounces from the Lindero Mine and 28,235 ounces from the Yaramoko Mine, acquired on July 2021 (refer to Fortuna news release dated July 2, 2021). Silver production of 1.6 million ounces, a 13 percent decrease over the comparable period in 2021, was primarily driven by a 14 percent decrease in head grade at the San Jose Mine, which is in line with the Mineral Reserve average grade. By-product base metal production amounted to 9.1 million pounds of lead and 10.8 million pounds of zinc."
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