Stockwinners Market Radar for April 12, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
IO | Hot Stocks20:31 EDT Ion Geophysical commences voluntary Chapter 11 process - ION Geophysical "announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary Chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division as it explores a value-maximizing transaction that will strengthen the company's balance sheet and position ION for sustained future success. In connection with the Chapter 11 filing, ION entered into a Restructuring Support Agreement with the lenders under its Credit Agreement and holders of approximately 80% of its 2025 Notes, whereby the parties agreed to support the company's Chapter 11 plan of reorganization."
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SSYS | Hot Stocks20:19 EDT Cathie Wood's ARK Investment bought 50.9K shares of Stratasys today
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NTLA | Hot Stocks20:18 EDT Cathie Wood's ARK Investment bought 23.9K shares of Intellia Therapeutics today
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NVTA | Hot Stocks20:17 EDT Cathie Wood's ARK Investment bought 76.3K shares of Invitae today
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CBZ | Hot Stocks18:25 EDT CBIZ announces passing of chairman Steven Gerard - CBIZ announced the passing of Steven L. Gerard, the company's Chairman and former Chief Executive Officer, following a brief illness. "On behalf of our Board of Directors and the entire CBIZ family, I extend our deepest condolences to Steve's wife, Jane, and the entire Gerard family," said Jerry Grisko, CBIZ President and Chief Executive Officer. "Steve was a tremendous leader who was beloved across the CBIZ organization and well respected by shareholders and business and community leaders alike. Joining the company at a critical juncture, Steve's vision and tireless dedication to our mission set us on the course to achieve solid growth and helped position CBIZ as one of the most successful professional services companies in the country."
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PWSC | Hot Stocks18:09 EDT PowerSchool and Ellucian expand partnership - Ellucian announced it is expanding its partnership with PowerSchool. Ellucian and PowerSchool will collaborate with the shared goal to better support career and education pathways for students from kindergarten through college. Ellucian and PowerSchool will collaborate to improve upon how their solutions work together, allowing for a deeper understanding of K-12 student outcomes and how they can affect college and career pathways. In addition, PowerSchool is integrating its PeopleAdmin higher education talent management, faculty management and interoperability products with Ellucian's Experience platform.
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LIFE | Hot Stocks18:01 EDT aTyr Pharma granted FDA orphan designation for efzofitimod - According to a post on the FDA's website, aTyr Pharma' efzofitimod was granted FDA orphan designation in the treatment of Systemic Sclerosis. Reference Link
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IGT | Hot Stocks18:01 EDT International Game signs broad patent cross-licensing pact with Aristocrat - International Game Technology PLC announced that it has signed a broad patent cross-licensing agreement with Aristocrat Leisure Limited that includes valuable patents related to game features and remote game server technologies. Under the agreement, IGT will be able to offer licenses to the companies' combined game feature and RGS patent portfolios to the global gaming industry. Financial terms of the agreement have not been disclosed. "This agreement extends and expands the previous patent cross-license between IGT and Aristocrat. This combination of two of the gaming industry's most valuable game features and RGS patent portfolios can help propel the evolution of gaming with compelling content and advanced game mechanics," said Renato Ascoli, IGT CEO Global Gaming. "We look forward to providing the entire gaming industry with the opportunity to license IGT and Aristocrat patents, particularly the compelling content resulting from our combined RGS portfolios, in the spirit of competition and innovation."
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SNAP | Hot Stocks17:38 EDT Snap debuts Dynamic Stories to use publishers RSS feeds to create Stories - Earlier on Tuesday Team Snap blogged: "Introducing the fastest way to publish premium content for the Snapchat community: Dynamic Stories We have always felt a deep responsibility to highlight news and information that is credible and from trusted and clear sources. With Dynamic Stories - this new Discover format uses a partner's RSS Feed to automatically create Stories from the content a Publisher is already creating on the web. Available in the Discover feed, these Stories update in real-time, meaning Snapchatters can keep up with the latest news as it breaks. Whether it's breaking news from credible sources on the war in Ukraine or the latest in pop-culture or fashion, Dynamic Stories helps Snapchatters learn about the world as it happens. By tying publishing on Snapchat into our partners' existing workflow, we've created an easy way for them to create daily content and significantly lower costs. This new format will also play a significant role in supporting our continued effort to bring local content to our community across the globe. We have already begun testing in the US, UK, France, and India. Early partners include: US: Axios, Bloomberg, Buzzfeed, CNN, Complex Networks, Conde Nast (Self, Vogue), ESPN, Insider, New York Post, Page Six, The Wall Street Journal, The Washington Post, TMZ, Tom's Guide, Vice." Reference Link
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CVLY | Hot Stocks17:35 EDT Codorus Valley Bancorp to appoint three new directors, implement initiatives - Codorus Valley Bancorp announced it is implementing a series of initiatives designed to enhance the corporation's corporate governance practices, further analyze credit risk policies and practices, and ensure continued alignment with shareholders. These initiatives follow engagement and input from shareholders, including Driver Management and its affiliates, which together own 6.7% of Codorus Valley's outstanding common stock. The corporation will appoint three new directors to its board of directors. The first new director, John Kiernan was appointed by the board at its April 12 meeting. Kiernan was selected from Driver's proposed nominees previously submitted for consideration. The second new director will be chosen solely by the board, and will be appointed no later than the end of Q2. The board and Driver together will identify a third new director with public company board experience from the banking sector. The third new director also will be appointed no later than Q2. Upon completion of these additions, the size of the board will not exceed eleven directors. In addition, the board's compensation committee will undertake a comprehensive study regarding executive compensation initiatives proposed by Driver. The corporation will publicize the results of this compensation study in the ordinary course of business once such results are implemented. The compensation committee will also evaluate stock ownership guidelines for directors of the Corporation. Last, the board's audit committee will engage an independent regulatory advisory firm to undertake a review of the corporation's credit risk policies and practices, including an evaluation of the adequacy of the corporation's policies and practices for identifying, assessing, and managing credit and underwriting risks. The independent advisor will make recommendations on how to strengthen the corporation's credit and underwriting risk policies and practices.
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AAPL | Hot Stocks17:28 EDT Apple introduces new version of iMovie with storyboards and Magic Movie - In an earlier press release, the company said: "Apple introduced a new version of iMovie with features that make it easier than ever to create beautiful edited videos on iPhone and iPad. Storyboards helps aspiring content creators and moviemakers learn to edit and improve their video storytelling skills with pre-made templates for popular types of videos shared on social, with colleagues, or with classmates - videos like DIYs, cooking tutorials, product reviews, science experiments, and more. Storyboards makes it easy to get started with flexible shot lists and step-by-step guidance on which clips to capture for each video type. For those who want to create a video even faster, Magic Movie instantly creates a polished video from the clips and photos a user selects, automatically adding transitions, effects, and music to the edit. Both new features include a range of styles to help personalize the final look and feel of a video, including titles, filters, transitions, color palettes, and music, all designed to work together...Storyboards gives users a major head start in the video creation process, helping beginners learn to edit and improve their storytelling skills. Instead of starting with a blank timeline, creators can choose from 20 different storyboards featuring a variety of popular video types, including cooking tutorials, Q&As, product reviews, news reports, and more...Magic Movie helps create beautiful custom videos - complete with titles, transitions, and music - in just a few taps. To create a Magic Movie, a user simply selects an album, or any group of photos or images from their library, and Magic Movie instantly identifies the best parts of the footage and creates the project. " Reference Link
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ALPN | Hot Stocks17:11 EDT Alpine Immune Sciences says feasible to engage CD28 for cancer immunotherapy - Alpine Immune Sciences announced the oral presentation of results from the dose-escalation portion of NEON-1, NCT04186637, a first-in-human, dose-escalation and expansion study of davoceticept monotherapy in participants with advanced malignancies, at the 2022 Annual Meeting of the American Association for Cancer Research, AACR. Highlights from the presentation include: Despite a highly heterogeneous, heavily pretreated, advanced solid tumor population - the majority classically considered to be unresponsive to immunotherapy - 11 of 48 evaluable participants demonstrated tumor volume reduction; 26 achieved clinical benefit as defined as a best response of stable disease or better; Three remained on treatment beyond 6 months. Two partial responses were observed in colorectal and renal cell carcinoma. Davoceticept was well-tolerated with no reported events of cytokine release syndrome. Adverse events of interest included immune-related adverse events and infusion-related reactions, the majority of which were grades 1-2. A single dose-limiting toxicity of gastritis was observed at 3 mg/kg, but a maximum tolerated dose was not reached. Immunophenotyping demonstrated favorable increases in activated and central memory T cells, as well as reductions in regulatory T cells. Overall, pharmacodynamic analyses suggest 1 or 3 mg/kg every 3 weeks as the optimal biological dose. Monotherapy expansion cohorts in metastatic cutaneous melanoma, renal cell carcinoma, and PD-L1-positive tumors are planned. "These results indicate that it is indeed feasible to engage CD28 for cancer immunotherapy, and further suggest that this approach may be clinically advantageous, even for heavily pretreated cancers," remarked Stanford Peng, MD PhD, Alpine's President and Head of Research and Development. "We eagerly look forward to advancing to expansion cohorts as soon as possible."
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STZ | Hot Stocks17:03 EDT Constellation Brands director Fowden sells $1.8M in company shares - Constellation Brands director Jeremy Fowden disclosed in a filing that he had sold 7,574 shares of company stock at $240.38, per share on April 8, for a total transaction amount of $1,820,631
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OR | Hot Stocks17:02 EDT Osisko Gold reports Q1 attributable GEOs roughly 18,251 - Osisko Gold Royalties provided an update on its first quarter 2022 deliveries, sales, cash margins and recent asset advancements. Osisko earned approximately 18,251 attributable gold equivalent ounces in the first quarter of 2022. This figure excludes 3,025 GEOs earned from the Renard diamond stream. As expected, production in the first quarter was impacted by the coldest months of the year, which reduced production at the Eagle mine. Production is expected to increase in the coming quarters as that seasonal effect dissipates and as ramp up of the Mantos expansion progresses. In addition, proceeds from the Renard diamond stream are not expected to be reinvested into the bridge loan starting in early May and, as such, revenues will be recognized again as attributable GEOs. Osisko recorded preliminary revenues from royalties and streams of C$50.7M during the first quarter and preliminary cost of sales of C$3.2M, resulting in a record quarterly cash margin of C$47.5M, or approximately 94%. Osisko will provide full production and financial details with the release of its first quarter 2022 results after market close on Wednesday, May 11th, 2022, followed by a conference call on Thursday, May 12th at 8am ET. More details are provided at the end of the release.
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TPTX | Hot Stocks16:49 EDT Turning Point Therapeutics announces positive results from NSCLC TRIDENT-1 study - The company states: "Turning Point Therapeutics announced positive topline results from the registrational TRIDENT-1 study across all four ROS1-positive advanced non-small cell lung cancer, or NSCLC, cohorts, as reported by Blinded Independent Central Review. The primary objective of the TRIDENT-1 study is to determine the cORR based on BICR as assessed by RECIST 1.1, and the key secondary objectives include duration of response, progression free survival and intracranial activity. The dataset utilizes a February 11, 2022 data cutoff date. The safety analysis included 380 treated patients from the pooled Phase 1 and Phase 2 portions of TRIDENT-1 across all cohorts, of which 287 patients were treated at the Phase 2 dose. The efficacy analyses included pooled patients from Phase 1 across all dose levels with an identified ROS1 fusion by next generation sequencing at baseline and Phase 2 patients. All patients received at least one dose of repotrectinib with at least four months of follow-up, and the majority of responders had at least six months of DOR follow-up. Repotrectinib was generally well tolerated in a total of 380 patients with a safety and tolerability profile that was consistent with previously reported findings. The most commonly reported treatment emergent adverse event remained dizziness, of which 76% of patients who reported dizziness had a maximum severity of grade 1. The safety profile was comparable among the 287 patients who were treated at the Phase 2 dose."
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THS | Hot Stocks16:40 EDT TreeHouse appoints Scott Ostfeld of JANA Partners to board - TreeHouse Foods announced the appointment of Scott Ostfeld, Partner of JANA Partners and Co-Portfolio Manager of its engaged investing strategy JANA Strategic Investments, to the TreeHouse Foods Board of Directors. The appointment is in connection with an agreement with JANA Partners , which owns approximately 9.2% of TreeHouse Foods' outstanding common stock."The TreeHouse Board and JANA share a common appreciation regarding the opportunity for TreeHouse Foods, and we are united behind the shared goal of enhancing value for our stockholders and other stakeholders," said Ann M. Sardini, Chair of the Board. "As a shareholder, Scott understands our company and our industry well. His appointment to the Board follows continued, constructive engagement with JANA and reflects our commitment to pursuing the best path towards maximum value creation." Mr. Ostfeld commented, "TreeHouse Foods is an incredibly attractive company well-positioned to benefit from favorable secular tailwinds and with multiple avenues to unlock and drive shareholder value. I am appreciative of the Board's continued engagement, and I am excited to work alongside Steve and all of the other TreeHouse Foods directors to enhance value for all stockholders." Steve Oakland, Chief Executive Officer and President, said, "Over the past several years, TreeHouse Foods has made meaningful progress against our strategic goals to support our customers, simplify our structure and enhance our supply chain as we capitalize on the strong, long-term demand for private-label food and TreeHouse Foods products. I welcome Scott to the Board and look forward to working with all of our directors as we continue to drive value for our customers and deliver improved results." Mr. Ostfeld will join the Board as a Class III director, with a term expiring at the TreeHouse Foods 2023 annual meeting of stockholders. Following his appointment, the TreeHouse Foods Board will be comprised of eleven directors.
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NOVA | Hot Stocks16:35 EDT Sunnova Energy aligns with TCFD,expands GHG accounting in 2nd ESG report - Sunnova Energy International announced the release of its second annual Environmental, Social and Governance, ESG, report, which highlights the critical steps the company took in 2021 to advance its ESG management through rigorous and transparent reporting of sustainability performance."Our focus in 2021 was on strengthening the foundation we built in our first year of reporting while continuing to strategically integrate ESG into our business with a look towards the future." This year we tackled three main goals: we conducted our inaugural materiality assessment to align on a multitude of ESG topics with our employees, vendors, investors, community partners and other stakeholders; we developed multi-year ESG goals to commit ourselves to continuous improvement in areas of strategic importance; and we conducted our first climate risk assessment in alignment with the Taskforce on Climate Related Financial Disclosure ecommendations and integrated it with our annual Enterprise Risk Management ERM process."
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NSTG | Hot Stocks16:34 EDT NanoString falls 28% to $23.60 after Q1 revenue guidance cut
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PSX | Hot Stocks16:32 EDT Phillips 66 COO Mark Lashier to become CEO, effective July 1 - Phillips 66 named its current president and COO Mark Lashier, as president and CEO effective July 1. Lashier will succeed Greg Garland, who will remain as executive chairman until he retires in 2024.
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CABO | Hot Stocks16:31 EDT Cable One announces CFO transition plan - Cable One announced that its Board of Directors has appointed Todd Koetje as its next CFO. Koetje will succeed Steven Cochran as CFO effective July 1. Cochran will continue to serve as the Company's CFO through June and as a Senior Vice President during July, after which he is expected to serve as a consultant to the Company through early January 2023. Koetje and Cochran will continue to work closely together during the planned orderly transition. Koetje, who currently serves as the Company's Senior Vice President, Business Development and Finance, brings more than 20 years of capital markets, telecom industry and financial leadership experience. Prior to joining Cable One in September 2021, Koetje served as Managing Director & Group Head of the Technology, Media & Telecommunications Leveraged Finance team for Truist Securities.
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VCTR | Hot Stocks16:31 EDT Victory Capital reports total AUM $178.1B on March 31 - The company also reported that net flows were positive during the first-quarter period.
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BRT | Hot Stocks16:26 EDT BRT Apartments acquires remaining JV interest in two communities for $12.8M - BRT Apartments "announced that it completed the acquisition of the remaining interests in joint ventures that own two multi-family properties with an aggregate of 462 units. The purchase price for these interests was $12.8M and because these properties are wholly owned, the Company will include the assets and liabilities of these properties on its consolidated balance sheet, including the aggregate mortgage debt currently on these properties of, as of March 31, 2022, $56.7M, with a weighted average remaining term to maturity of, 8.4 years, and a weighted average interest rate of 4.04%. In aggregate, these two properties contributed approximately $150,000 of equity in loss of unconsolidated joint ventures in 2021."
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MN | Hot Stocks16:23 EDT Manning & Napier reports preliminary AUM $20.6B as of March 31 - Which included approximately $14.9B in separately managed accounts and approximately $5.7B in mutual funds and collective investment trusts.
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MRCY | Hot Stocks16:21 EDT Mercury Systems receives $14M order from defense prime contractor - Mercury Systems announced it received a $14M order from a defense prime contractor to provide system-in-package, or SiP, assemblies for an airborne secure processing application. The order was received in the company's Q3 and is expected to be delivered over the next several quarters.
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AUBN | Hot Stocks16:20 EDT Auburn National Bancorporation announces $5M share repurchase plan - Auburn National Bancorporation announced that the company's board of directors has approved a new stock repurchase program to replace the repurchase program that expired on March 31. The new program authorizes the repurchase, from time to time, of up to $5M of the company's issued and outstanding common stock through the earliest of the expenditure of $5M on share repurchases, the termination or replacement of the repurchase plan and April 15, 2024. The stock repurchases may be open-market or private purchases, negotiated transactions, block purchases, and otherwise.
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SWN | Hot Stocks16:19 EDT Southwestern Energy increases borrowing base to $3.5B - Southwestern Energy announced that it has entered into an Amended and Restated Credit Agreement, dated April 8, 2022 , which amends the Company's Credit Agreement, dated April 26, 2018. The Amended Credit Agreement, among other things, extends maturity date of $3.5B reserve-based credit facility by three years to April 2027 and increases the borrowing base to $3.5B. The company also maintains elected commitments of $2.0B.
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IAC | Hot Stocks16:18 EDT IAC reports March Angi Inc. total revenue up 9% from last year - As part of its March monthly metrics disclosure, IAC also reports Dotdash Meredith revenue up 634%, pro-forma Dotdash Meredith revenue down 6%, and its Search business revenue up 14% from last year. Emerging & Other revenue was up 13% from last year. Reference Link
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ANGI | Hot Stocks16:18 EDT Angi Inc. reports March ads and leads down 7% - 2022 Monthly Year-over-Year Growth Trends through March. Reports March Angi ads and leads down 7% YoY. Reports total March revenue up 9% YoY. Reference Link
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CMP | Hot Stocks16:16 EDT Compass Minerals gets maximum payment from sale of specialty plant unit - Compass Minerals "announced it has received an earnout payment of approximately R$88 million, or $18.5M based on current exchange rates, associated with the sale of the company's South America specialty plant nutrition business. This payment represents the maximum earnout possible under the terms of the sale."
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PG | Hot Stocks16:16 EDT Procter & Gamble raises quarterly dividend to 91.33c per share - The Board of Directors of The Procter & Gamble Company declared an increased quarterly dividend of 91.33c per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after May 16, 2022, to Common Stock shareholders of record at the close of business on April 22, 2022, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on April 22, 2022. This represents a five percent increase compared to the prior quarterly dividend.
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HONE | Hot Stocks16:15 EDT HarborOne Bancorp announces repurchase of roughly 5% of common stock - HarborOne Bancorp announced that its Board of Directors has adopted a share repurchase program. Under the share repurchase program, which has received regulatory approval, the company may repurchase up to 2,526,134 shares of the company's common stock, or approximately 5% of the company's issued and outstanding shares following completion of the share repurchase program announced on September 17, 2021. The September 17, 2021 share repurchase program was completed on March 25, 2022.
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IAC | Hot Stocks16:14 EDT IAC reports March Angi Inc. total revenue up 9% from last year - As part of its March monthly metrics disclosure, IAC also reports Dotdash Meredith revenue up 634%, pro-forma Dotdash Meredith revenue down 6%, and its Search business revenue up 14% from last year. Emerging & Other revenue was up 13% from last year. Reference Link
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ORIC | Hot Stocks16:14 EDT Oric Pharmaceuticals presents preclinical data on three programs at AACR - Oric Pharmaceuticals presented three preclinical poster presentations and one preclinical oral presentation at the 2022 American Cancer Research Association, or AACR, annual meeting. ORIC-533 is an orally bioavailable small molecule inhibitor of CD73 that has demonstrated more potent adenosine inhibition in preclinical studies compared to an antibody approach and other small molecule inhibitors of the adenosine pathway and is currently being studied in a Phase1b trial in multiple myeloma. Target candidate profile for CD73 inhibitor was met by ORIC-533 in preclinical analyses. In an autologous ex vivo assay using bone marrow aspirates from patients with relapsed or refractory multiple myeloma, CD73 inhibition stimulated plasmacytoid dendritic cells and activated T cells. ORIC-533, across multiple dose levels, overcame immune suppression and triggered significant lysis and cell death of multiple myeloma cells in an assay comprised of autologous bone marrow microenvironment. These results demonstrate that single agent ORIC-533 potently inhibits the adenosine pathway, which restores anti-tumor immunity and therefore holds potential as a treatment for patients with multiple myeloma. ORIC-114 is a brain penetrant, orally bioavailable, irreversible inhibitor designed to selectively target EGFR and HER2 with high potency against exon 20 insertion mutations, and is currently being studied in a Phase 1b trial in patients with advanced solid tumors with EGFR or HER2 exon 20 alterations or HER2 amplifications. Oral administration of ORIC-114 resulted in tumor regressions in an EGFR exon 20 NSCLC model, with superior efficacy relative to CLN-081 and BDTX-189. Additional preclinical studies confirmed the brain-penetrance and free unbound exposure in the CNS, which translated to greater anti-tumor activity compared to mobocertinib in an intracranial NSCLC model. These data confirm ORIC-114 as a potent, selective, irreversible, brain penetrant EGFR exon 20 inhibitor, and a promising therapeutic candidate, including for patients with CNS metastases. The PLK4 Inhibitor program is a small molecule therapeutic program intended to address a mechanism of innate resistance found in a subset of breast cancers, specifically a synthetic lethal interaction of polo-like kinase 4 inhibition in tumors bearing a TRIM37 DNA amplification. ORIC discovered novel, potent, orally bioavailable small molecule inhibitors of PLK4 that are highly selective, including against the closely related aurora kinases and PLK1-3. Cell viability assessment across a cancer cell line panel revealed that the highly selective ORIC PLK4 inhibitors showed greater potency in TRIM37 high cancer cell lines as compared to TRIM37 low cell lines. Importantly, cell potency in TRIM37 high cancer cells was rescued with knockdown of TRIM37, illustrating that selective PLK4 inhibitors exhibit synthetic lethality with TRIM37 amplification. Oral administration of ORIC PLK4 inhibitors resulted in strong anti-tumor activity of TRIM37 high xenograft tumors, with corresponding pharmacodynamic effects and no body weight loss.
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PYPL WMT | Hot Stocks16:11 EDT PayPal CFO John Rainey to depart, Gabrielle Rabinovitch named interim CFO - PayPal (PYPL) announced the departure of John Rainey, PayPal's CFO and executive vice president, Global Customer Operations. After almost seven years at PayPal, Rainey is leaving the company to join Walmart (WMT) as its CFO. To support an orderly transition, Rainey will remain at PayPal until late May. PayPal's Board of Directors has launched a formal search process to identify Rainey's permanent replacement. PayPal's Board of Directors has approved the appointment of Gabrielle Rabinovitch, senior vice president, Corporate Finance and Investor Relations, as interim CFO effective upon Rainey's departure. The Global Customer Operations team will join the Risk, Legal and Customer Operations organization led by Executive Vice President Aaron Karczmer.
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WMT PYPL | Hot Stocks16:11 EDT Walmart names John Rainey CFO - Walmart (WMT) announced that John Rainey has been named Walmart's next Executive Vice President and Chief Financial Officer. Rainey will assume the responsibilities of CFO on June 6, 2022. "John has a proven track record of leading change at scale in customer service organizations innovating in their fields," said Walmart President and Chief Executive Officer Doug McMillon. "I'm confident that John's mix of financial and digital acumen, coupled with his experience leading finance in complex, highly competitive industries, will help us deliver for our customers and shareholders as we continue to transform our company." Rainey joins Walmart from PayPal (PYPL) where he currently serves as the company's CFO and Executive Vice President, Global Customer Operations.
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CTS | Hot Stocks16:10 EDT CTS Corporation to acquire Ferroperm Piezoceramics for DKK 525M cash - CTS Corporation and Meggitt, also known as Ferroperm Piezoceramics, have announced a definitive Share Purchase Agreement under which CTS would acquire Meggitt A/S for Danish Krone 525M in cash, subject to net debt and working capital adjustments and the other terms and conditions of the Share Purchase Agreement. The transaction is expected to close in 2022 and is subject to the receipt of the requisite regulatory approvals, as well as the satisfaction of other customary closing conditions. Founded in 1952, Ferroperm specializes in the design and manufacture of high performance piezoceramic components for use in complex and demanding medical, industrial, and aerospace applications. The company is recognized for its high quality and innovative piezoceramic technology. Based in Kvistgaard, Denmark, Ferroperm has established a strong customer base across Europe and North America. "Ferroperm represents a great addition to our expanding piezoceramic business and advances ourdiversification," said Kieran O'Sullivan, CEO of CTS Corporation. "Strategically, both organizations focus on serving targeted markets that demand high quality material formulation, reliability and technical depth. Ferroperm's presence in medical therapeutics is complementary to our existing focus on medical imaging and diagnostics. We are excited to welcome a capable team with deep technical expertise to the CTS family."
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MXCT | Hot Stocks16:07 EDT MaxCyte CFO Amanda Murphy to resign, Ron Holtz to be named interim CFO - MaxCyte announced that Amanda Murphy has resigned from her position as CFO, effective as of April 15 to pursue other interests. Ron Holtz, current Senior VP and chief accounting officer, has been named interim CFO effective upon Murphy's departure. Following her departure, Murphy intends to provide consulting services to MaxCyte as requested to facilitate a transition of responsibilities.
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SB | Hot Stocks16:07 EDT Safe Bulkers to buy 2012-built, Chinese, dry-bulk, 181,000 dwt, Capesize - Safe Bulkers announced that it has entered into an agreement for the acquisition of a 2012-built, Chinese, dry-bulk, 181,000 dwt, Capesize class vessel, to be named MV Michalis H, with a scheduled delivery date within May 2022. The vessel will be acquired at a gross purchase price of $30.0 million and will be financed from the cash reserves of the Company.Dr. Loukas Barmparis, President of the Company, commented: "We have further expanded in the Cape market segment acquiring our seventh vessel, at what we believe a competitive purchase price, utilizing our liquidity."
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ADC | Hot Stocks16:06 EDT Agree Realty increased dividend 3.1% to 23.4c - Agree Realty announced that its Board of Directors has authorized, and the Company has declared, a monthly cash dividend of 23.4c per common share, representing a 3.1% increase over the previous monthly dividend. The monthly dividend reflects an annualized dividend amount of $2.808 per common share, or a 7.8% increase over the annualized dividend amount of $2.604 per common share from the Q2 of 2021. The dividend is payable May 13, 2022 to stockholders of record at the close of business on April 29.
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GTIM | Hot Stocks16:06 EDT Good Times Restaurants reports Q2 SSS down 0.9% - Good Times Restaurants announced that same store sales for its second quarter ended March 29, 2022 decreased 0.9% for its Good Times brand from the same prior year quarter and increased 15.5% for its Bad Daddy's brand from the same prior year quarter. Average weekly sales during the 2022 second quarter among restaurants open for at least 18 months were $25,469 for the Company's Good Times restaurants and $50,405 for the Company's Bad Daddy's restaurants.
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AMC | Hot Stocks16:06 EDT AMC Theatres acquires seven theaters in Connecticut, NY, Maryland - AMC Theatres announced it finalized a deal with Bow Tie Cinemas to purchase and operate seven locations in Connecticut, upstate New York and Annapolis, Maryland. Marquis 16, Royale 6, SoNo 8, Majestic 6 and Landmark 8 join the AMC circuit in the Connecticut market. This acquisition more than doubles AMC's presence in the state of Connecticut. In addition, AMC adds Saratoga Springs 11 in upstate New York and Annapolis Mall 11 in Annapolis, Maryland. AMC intends to retain all theatre associates at the newly acquired theatres. Marquis 16, Landmark 8, Majestic 6 and Annapolis Mall 11 are expected to open the weekend of April 21. The remaining theatres are expected to open by the end of April. AMC remains in active discussions with other property owners regarding additional locations.
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IO | Hot Stocks16:04 EDT ION Geophysical trading halted, news pending
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NTNX | Hot Stocks16:03 EDT Nutanix names Rukmini Sivaraman CFO - Nutanix announced the appointment of Rukmini Sivaraman as Chief Financial Officer, effective May 1, 2022. Sivaraman will succeed Duston Williams, who is leaving to become CFO of a pre-IPO company in a different space. Williams will remain with Nutanix through April 30, 2022 and work closely with Sivaraman to facilitate a seamless transition. Sivaraman joined Nutanix in 2017 and currently serves as Senior Vice President of Financial Planning & Analysis. In this role, Sivaraman has been responsible for financial and strategic planning, budgeting, capital allocation and business analytics and insights.
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CRUS | Hot Stocks16:02 EDT Cirrus Logic names Venk Nathamuni CFO - Cirrus Logic announced the appointment of Venk Nathamuni as chief financial officer, effective April 18, 2022. Venk brings more than 30 years of experience with deep knowledge of the semiconductor industry, corporate finance and strategy, business development, mergers and acquisitions, and investor relations, the company said. "Venk brings an outstanding combination of technical, corporate development and investor relations expertise coupled with considerable experience on Wall Street," said John Forsyth, Cirrus Logic president and chief executive officer. "I am excited to partner with him and believe he will be a great asset to Cirrus Logic as we continue to drive our business forward into new areas of growth." Venk joins Cirrus Logic from Arista Networks, where he served as head of corporate finance, M&A, investor relations, and information technology.
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CRDF | Hot Stocks16:02 EDT Cardiff Oncology announces departure of Chief Medical Officer Katherine Ruffner - Cardiff Oncology announced that Katherine L. Ruffner, Chief Medical Officer, or CMO, will be leaving the Company on April 22, to pursue a new opportunity. Ruffner will provide Cardiff Oncology with transitional support. Sandra L. Silberman, who previously acted as a Chief Medical Advisor to Cardiff Oncology from June 2017 to July 2021, has agreed to serve as the Company's senior medical advisor and oversee its clinical trials and clinical operations team on an interim basis. Silberman is a hematologist/oncologist who earned her BA, ScM and PhD from the Johns Hopkins University School of Arts and Sciences, School of Public Health and School of Medicine, respectively, in Baltimore, MD. She received her MD from Cornell University Medical College in New York City, and then completed both a clinical fellowship in Hematology/Oncology as well as a research fellowship in tumor immunology at the Brigham & Women's Hospital and the Dana Farber Cancer Institute in Boston, MA.
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NAVB | Hot Stocks16:02 EDT Navidea receives acceptance letter from NYSE American - As previously disclosed, on January 28, 2022, Navidea Biopharmaceuticals received a notification from the NYSE American stating that the Company was not in compliance with the $6.0 million stockholders' equity requirement of Section 1003(a)(iii) of the NYSE American Company Guide. As required by the NYSE American, the Company submitted a plan to the NYSE American by February 28, 2022 advising of actions it has taken or will take to regain compliance with the continued listing standards by July 28, 2023. On April 8, 2022, the Company received notification from the NYSE American that the Company's plan to regain compliance was accepted. The Acceptance Letter also stated that the Company is also not in compliance with Sections 1003(a)(i) and 1003(a)(ii) of the NYSE American Company Guide, which require an issuer to have stockholders' equity of (i) $2.0 million or more if it has reported losses from continuing operations and/or net losses in two out of its three most recent fiscal years, and (ii) $4.0 million or more if it has reported losses from continuing operations in three out of its four most recent fiscal years. The Acceptance Letter noted that the Company had stockholders' equity of $624,743 as of December 31, 2021 and has reported net losses from continuing operations in its five most recent fiscal years ended December 31, 2021. The NYSE American has granted the Company a plan period through July 28, 2023 to regain compliance with Sections 1003(a)(i), (ii) and (iii). If the Company is not in compliance with all continued listing standards by that date or if the Company does not make progress consistent with the plan during the plan period, the NYSE American may commence delisting procedures. Navidea's common stock will continue to be listed on the NYSE American while it attempts to regain compliance with the listing standards noted, subject to Navidea's compliance with other continued listing requirements.
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DCPH | Hot Stocks15:51 EDT Deciphera presents preclinical data on DCC-3116 at AACR - Deciphera Pharmaceuticals announced the presentation of preclinical data for DCC-3116, the company's first-in-class ULK kinase inhibitor, in combination with KRASG12C inhibitors in non-small cell lung cancer, or NSCLC, models at the American Association for Cancer Research, or AACR, Annual Meeting 2022. Results from the preclinical studies showed that KRASG12C inhibitors, sotorasib and adagrasib, activate ULK-mediated autophagy as an adaptive treatment resistance mechanism. DCC-3116 in combination with sotorasib and with adagrasib inhibited ULK kinase activation and the resulting autophagic flux in a KRASG12C mutated NSCLC cell line. Results demonstrated that DCC-3116 in combination with sotorasib and with adagrasib translated to deeper and longer tumor regressions in vivo. The study also demonstrated that DCC-3116 in combination with sotorasib outperformed both single agent sotorasib and the combination of sotorasib and chloroquine, a nonspecific lysosomal inhibitor of autophagy. DCC-3116 is currently being investigated in a Phase 1, multicenter, open-label, first-in-human study designed to evaluate the safety, tolerability, clinical activity, pharmacokinetics, and pharmacodynamics of DCC-3116 as a single agent and in combination with trametinib, an FDA approved MEK inhibitor, in patients with advanced or metastatic tumors with a mutant RAS or RAF gene. Initial data from the single agent dose escalation portion of the Phase 1 study is expected in the second half of 2022. The Company expects to initiate Phase 1 study dose escalation cohorts in the second half of 2022 in combination with trametinib in patients with selected mutations in advanced or metastatic pancreatic ductal adenocarcinoma, NSCLC, colorectal cancer, and melanoma. Planning is underway to add a combination with a KRASG12C inhibitor in NSCLC to the ongoing Phase 1 study, subject to feedback from regulatory authorities.
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TRU | Hot Stocks14:58 EDT CFPB sues TransUnion, calls ''out-of-control repeat offender' - The Consumer Financial Protection Bureau filed a lawsuit against TransUnion, two of its subsidiaries, and executive John Danaher for violating a 2017 law enforcement order. "The order was issued to stop the company from engaging in deceptive marketing, regarding its credit scores and other credit-related products. After the order went into effect, TransUnion continued its unlawful behavior, disregarded the order's requirements, and continued employing deceitful digital dark patterns to profit from customers. The Bureau's complaint also alleges that TransUnion violated additional consumer financial protection laws," the agency said in a statement. "TransUnion is an out-of-control repeat offender that believes it is above the law," said CFPB Director Rohit Chopra. As alleged in the complaint, TransUnion "used an array of dark patterns to trick people into recurring payments and to make it difficult to cancel them." The lawsuit alleges that TransUnion violated the Consumer Financial Protection Act of 2010 by failing to implement requirements of the Bureau's 2017 order "and by engaging in deceptive acts and practices." The CFPB is seeking monetary relief for consumers, such as restitution or return of funds, disgorgement or compensation for unjust gains, injunctive relief, and civil money penalties. Shares of TransUnion are down 1% to $93.65 in afternoon trading.
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POST BRBR | Hot Stocks14:12 EDT Post sees FY22 adjusted EBITDA ex-BellRing $910M-$940M - Post Holdings (POST) provided non-GAAP Adjusted EBITDA guidance for fiscal year 2022. On March 10, 2022, Post's distribution to its shareholders of 80.1% of its interest in BellRing Brands, Inc. (BRBR) was completed. Accordingly, the historical results of the BellRing business will be presented as discontinued operations in Post's financial statements. Excluding BellRing for the entirety of fiscal year 2022, Post management expects Adjusted EBITDA for fiscal year 2022 to be between $910M-$940M. This outlook incorporates all known variables including input costs and labor markets, as well as today's announcement of avian influenza. It does not incorporate significant expansion of avian influenza within Post's network - the impact of which is uncertain. The APHIS division of the USDA and individual states track and report individual incidents of avian influenza. Post does not expect to provide additional updates on specific incidents unless the cumulative effect of subsequent incidents exceeds 5% of Post's controlled supply. Moreover, Post does not expect to provide an additional update to its outlook until its second quarter earnings release, regardless of the extent of avian influenza.
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POST | Hot Stocks14:11 EDT Post Holdings reports avian influenza at Nebraska facility - Post Holdings provided information regarding an avian influenza incident at one of Michael Foods' owned egg-laying facilities. Post said that, today, a Michael Foods owned egg-laying flock in Nebraska tested positive for avian influenza. The facility houses approximately 2 million egg-laying hens, or approximately 4% of Post's controlled supply, inclusive of third party contracted farms.
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MVST... | Hot Stocks14:08 EDT Microvast, China Automotive among new additions to SEC HFCAA provisional list - A number of companies were added on April 12 to the Securities and Exchange Commission's provisional list of companies identified under the Holding Foreign Companies Accountable Act. The statute requires the SEC to identify public companies "that have retained a registered public accounting firm to issue an audit report where the firm has a branch or office that: (1) is located in a foreign jurisdiction, and (2) the Public Company Accounting Oversight Board has determined that it is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction." Among the companies added to the list are Microvast Holdings (MVST), China Automotive Systems (CAAS), Daqo New Energy (DQ), Connect Biopharma (CNTB), OneConnect Financial (OCFT), Legend Biotech (LEGN), Sohu.com (SOHU), Studio City (MSC), Melco Resorts & Entertainment (MLCO), Logiq (LGIQ) and Noah Holdings (NOAH). Reference Link
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HUDI | Hot Stocks13:59 EDT Huadi International Group Company Ltd trading resumes
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HUDI | Hot Stocks13:54 EDT Huadi International Group Company Ltd trading halted, volatility trading pause
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TRU | Hot Stocks13:32 EDT TransUnion calls CFPB claims 'meritless' - In response to a complaint filed by the Consumer Financial Protection Bureau, TransUnion issued the following statement: "The claims made by the CFPB against TransUnion and John Danaher, a former executive, are meritless and in no way reflect the consumer-first approach we take to managing all our businesses. In January 2017, TransUnion entered into a consent order with the CFPB relating to how it markets TransUnion Credit Monitoring, a subscription product that offers consumers credit monitoring and identity theft protection services, as well as access to their credit scores. Shortly thereafter, as required by the consent order, TransUnion submitted to the CFPB for approval a plan detailing how it would comply with the order. The CFPB ignored the compliance plan, despite being obligated to respond and trigger deadlines for implementation. In the absence of any sort of guidance from the CFPB, TransUnion took affirmative actions to implement the consent order.We have been in compliance with our obligations and we remain in compliance with the consent order today. Rather than providing any supervisory guidance on this matter and advising TransUnion of its concerns - like a responsible regulator would - the CFPB stayed silent and saved their claims for inclusion in a lawsuit, including naming a former executive in the complaint. Despite TransUnion's months-long, good faith efforts to resolve this matter, CFPB's current leadership refused to meet with us and were determined to litigate and seek headlines through press releases and tweets. The CFPB's unrealistic and unworkable demands have left us with no alternative but to defend ourselves fully. Over the last several years, and under the direction of new leadership, TransUnion has led the credit reporting industry in making significant changes aimed at benefitting consumers and increasing transparency in the credit reporting process."
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VUZI | Hot Stocks13:23 EDT Vuzix enters reseller agreement with Opsivity - Vuzix Corporation announced a reseller agreement with Opsivity, a Software-as-a-Service provider of field operations support. The company said, "Opsivity addresses the needs of operations-focused companies and their remote field technicians to help improve issue resolution and dramatically reduce downtime. By utilizing unique Artificial Intelligence algorithms to power its KnowledgeBase, Opsivity builds, scales, and shares operational expertise and know-how such as procedures, checklists, articles, and previous solutions."
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EVTL | Hot Stocks13:04 EDT Vertical Aerospace trading resumes
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PWOD | Hot Stocks13:03 EDT Penns Woods Bancorp announces stock repurchase program up to 5% of shares - Penns Woods Bancorp announced that the company's Board of Directors has authorized the repurchase of up to 5% of the outstanding shares of the company. The repurchase plan is for a one-year period ending April 30, 2023 and allows for the repurchase of up to 354,000 shares. The repurchase plan replaces the company's existing repurchase plan, which expires on April 30, 2022.
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GANX | Hot Stocks13:02 EDT Gain Therapeutics reports 'positive' data on GT-02287 in Parkinson's - Gain Therapeutics presented new pre-clinical data from its Parkinson's Disease program. The results were highlighted in a poster presentation at the 2022 Synuclein Meeting being held April 12 - 15, 2022, in Leuven, Belgium. The data show that the the lead compound GT-02287 increases the levels and activity of the beta-glucocerebrosidase protein, improves lysosomal health, corrects abnormal phenotypes of PD including alpha-synuclein, and most importantly improves neuronal network connections and neuron survival. Eric Richman, Chief Executive Officer of Gain comments, "The data we presented at the Synuclein Meeting demonstrates further encouraging disease modifying potential for patients with Parkinson's disease who currently have no effective treatment options." "Our lead candidate, identified with the proprietary SEE-Tx drug discovery platform, can allosterically bind and stabilize GCase, thus avoiding its degradation and allowing its transport to the lysosomes where the enzyme can carry out its biological function," said Manolo Bellotto, Ph.D., President and General Manager of Gain. "The new data builds on a body of evidence showing a beneficial effect of our lead candidate on enzyme levels, substrate depletion, lysosomal health, and most importantly for disease pathology, neuronal health." The data was generated in two different in vitro models covering both WT and the two most pathogenic GBA1 mutations L444P and N370S. The models used are the BE2-M17 dopaminergic neuron model which is implicated in Parkinson's disease pathology, and a CBE model of rat mescencephalic neurons which induces the aggregation of alpha-synuclein as well as neuronal cell death.
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EVTL | Hot Stocks12:59 EDT Vertical Aerospace trading halted, volatility trading pause
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LIDR | Hot Stocks12:47 EDT AEye strength attributed to report speculating company as possible target - Shares of AEye are up 50c, or 10%, to $5.78 in afternoon trading after Dealreporter stated, according to contacts, that a sector advisor suggested that the LIDAR maker's capital-light, high-margin model could make it "an attractive takeover target."
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OZON | Hot Stocks12:02 EDT Ozon CEO Alexander Shulgin steps down - Ozon Holdings announces that Alexander Shulgin stepped down as CEO of Ozon group and resigned from the Board of Directors of Ozon with effect from April 11, 2022, following European Union and Australia sanctions imposed on Shulgin. The Company's CFO, Igor Gerasimov, will replace Alexander Shulgin as an Executive Director on the Board of Directors. Management of the Company will now be undertaken by the Management Board comprised of several members of the management team. The new Management Board will make strategic decisions and will manage business operations based on the principle of collegial management, which has de facto been in place at Ozon and already proven to be highly effective. Neither Ozon Holdings PLC nor any of its subsidiaries are currently subject to any sanctions by the European Union, the United States, the United Kingdom or any other countries. In addition, on March 31, 2022, Ozon Bank was removed from the Specially Designated Nationals and Blocked Persons List by the Office of Foreign Assets Control of the U.S. Treasury Department. For further disclosure please refer to the Company's press releases dated March 31, 2022 and February 25, 2022.
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SCO | Hot Stocks12:00 EDT Scor ADR falls -8.1% - Scor ADR is down -8.1%, or -46c to $5.25.
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STG | Hot Stocks12:00 EDT Sunlands Online falls -10.2% - Sunlands Online is down -10.2%, or -49c to $4.30.
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MYOV | Hot Stocks12:00 EDT Myovant Sciences falls -21.3% - Myovant Sciences is down -21.3%, or -$2.96 to $10.91.
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AMR | Hot Stocks12:00 EDT Alpha Metallurgical rises 12.1% - Alpha Metallurgical is up 12.1%, or $15.56 to $144.60.
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APRN | Hot Stocks12:00 EDT Blue Apron rises 12.3% - Blue Apron is up 12.3%, or 48c to $4.37.
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ULTR | Hot Stocks12:00 EDT Ultrapetrol rises 96300.0% - Ultrapetrol is up 96300.0%, or $48.15 to $48.20.
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GPS | Hot Stocks11:49 EDT Gap says unvaccinated employees must wear masks - Gap said in a statement, "After reviewing the CDC's guidance, along with other current COVID data trends, we made the decision to adjust our mask policy across our Gap, Old Navy, Banana Republic, and Athleta stores in the U.S. This includes the following: All employees who are not fully vaccinated are required to wear masks when working in our stores, HQ offices and Customer Experience Centers (formerly known as distribution centers); We recommend that customers who are not fully vaccinated wear masks in our stores, except in jurisdictions where masks are required by law. Other aspects of our in-store health and safety practices will remain intact for the time being. Customers can also shop our brands online or via our Curbside Pickup service where available. At this time, we are not making changes to our policies in Canada, Mexico or other international locations." Reference Link
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APD AIQUY | Hot Stocks11:47 EDT Air Products acquires Air Liquide's industrial gases business in UAE and Bahrain - Air Products (APD) announced that it has acquired Air Liquide's (AIQUY) industrial gases business in the UAE, including liquid bulk, packaged gases and specialty gases; and Air Liquide's majority share in MECD, which owns and operates a liquid CO2 production facility in Bahrain. Financial terms are not being disclosed for the agreement. "The acquisition builds on many years of good experience working in and serving customers in the Middle East and supports our growth strategy for the region," said Hamid Sabzikari, vice president and general manager, Air Products Industrial Gases Middle East, Egypt and Turkey.
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RYAHF | Hot Stocks11:33 EDT RYAH Group board nominates David Richards as CEO, director - The RYAH Group Board of Directors announced that Dr. David Richards has been nominated as Director and CEO of RYAH Group Inc., subject to approval by the Canadian Securities Exchange Richards' previous senior leadership roles include Nortel Networks' GM Global Data; GM Global Supercarriers; GM UK Switching; Global ThinkQuest Champion at Oracle's Education Foundation; CEO of Ellis Jones Solicitors; Executive Director of Business Development and Marketing, AECC University College; Senior Vice President and Director of the Dorset Chamber of Industry and Commerce; Board Director of the West Hants Lawn and Tennis Club, and various other organizations. Gregory Wagner has resigned from the Board of Directors and as CEO of the Company to pursue new professional opportunities.
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KKR | Hot Stocks11:31 EDT KKR confirms agreement to acquire Barracuda Networks from Thoma Bravo - KKR confirmed the signing of a definitive agreement under which KKR's investment funds will purchase Barracuda Networks, a provider of cloud-first security solutions, from Thoma Bravo, a software investment firm. Financial terms were not disclosed. "We believe that with the support of KKR, we will continue to invest in growth and foster a culture that gives our team the resources and inspiration to continue to create and deliver the next generation of leading cybersecurity solutions for our customers and partners," said Hatem Naguib, CEO of Barracuda. "We are very appreciative of Thoma Bravo's support and very excited to be working with KKR on this next phase of Barracuda's journey." The transaction is anticipated to close by the end of the year, subject to customary conditions. J.P. Morgan is serving as exclusive financial advisor to Thoma Bravo and Barracuda. Kirkland & Ellis LLP is serving as legal counsel to Thoma Bravo and Barracuda. Simpson Thacher & Bartlett LLP is serving as legal counsel to KKR. Guggenheim Securities, DBO Partners and Barclays are serving as financial advisors to KKR.
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GM GLNCY | Hot Stocks11:12 EDT General Motors, Glencore enter multiyear cobalt supply agreement - Glencore (GLNCY) and General Motors (GM) announced a multi-year sourcing agreement in which Glencore will supply GM with cobalt from its Murrin Murrin operation in Australia. Cobalt is an important metal in the production of EV batteries, and the cobalt processed from Australia will be used in GM's Ultium battery cathodes, which will power electric vehicles such as the Chevrolet Silverado EV, GMC HUMMER EV and Cadillac LYRIQ. Both Glencore and General Motors are members of the Responsible Minerals Initiative, and Glencore's Murrin Murrin operation is conformant with the OECD-aligned Responsible Minerals Assurance Process.By the end of 2025, GM plans to have capacity to build 1 million electric vehicles in North America, and has announced a series of actions to create a new and more secure EV supply chain. Reference Link
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BLBD | Hot Stocks11:04 EDT Blue Bird secures order for eight electric buses from California school district - Blue Bird Corporation has received an order for eight electric school buses from Orange Unified School District in California. Due to the purchase, the school district will more than double the size of its current Blue Bird electric school bus fleet. Orange Unified School District started transitioning to electric school buses in 2021 by purchasing seven Blue Bird All American Type D electric school buses. Today, the school district increasingly relies on Blue Bird electric vehicles to meet its transportation needs. The district anticipates delivery of the eight buses in the fourth quarter of 2022.
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FITB | Hot Stocks11:02 EDT Fifth Third CEO Greg Carmichael to retire, Tim Spence to succeed - Fifth Third Bancorp announced that Greg Carmichael has elected to retire as CEO effective July 5. At that time, Carmichael will become executive chairman, continuing to lead the Board of Directors and provide advice and counsel to the CEO. Tim Spence will succeed Carmichael as Fifth Third's CEO. Spence joined Fifth Third in 2015 as chief strategy officer. Prior to being named president in 2020, he was head of consumer bank, payments and strategy.
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BA | Hot Stocks11:02 EDT Boeing announces 95 commercial airplane deliveries in Q1 - The Boeing Company announced major program deliveries across its commercial and defense operations for the first quarter of 2022, reporting 95 total deliveries from its commercial airplanes programs. The company will provide detailed first quarter financial results on April 27.
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ALKT | Hot Stocks10:43 EDT Mascoma Bank selects Alkami as digital banking platform partner - Alkami Technology announced that Mascoma Bank has selected Alkami's digital banking platform as part of a full technology stack overhaul with core banking technology firm Thought Machine.
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ELAN | Hot Stocks10:33 EDT Elanco unveils plans for global headquarters in Indianapolis - Elanco Animal Health unveiled plans for its new global headquarters featuring environmentally-sustainable, employee-focused design and an innovation center. TThe planned 220,000 square foot six-story office structure and connected innovation and collaboration buildings will occupy 40 acres of the former General Motors Stamping Plant site on the western edge of the White River, creating a greenspace-forward campus expanding White River State Park. The glass-faced building, once constructed, will add to the skyline of Indianapolis, pushing downtown west, connecting the Valley neighborhood with the Circle via a walkable, bikeable corridor with a park, a bus route, and enhanced trail system. Elanco's campus is also designed to serve as the foundation of a planned animal health epicenter in Indianapolis. Developed in collaboration with AgriNovus, the state of Indiana's food and agriculture initiative, and business incubator High Alpha, the epicenter is expected to include venture studio development "makerspace" and create a scientific discovery network and research clearinghouse that will help position Indiana as a hub for animal health invention.
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BALY | Hot Stocks10:32 EDT Bally's to purchase minority stake in Snipp Interactive for $5M - Snipp Interactive announced that a subsidiary of Bally's Corporation has signed an agreement to invest $5M in Snipp. As part of the Investment, Bally's will be entitled to nominate one director to Snipp's board of directors, which is expected to be increased in size to five directors. Bally's will also be provided with a right of first refusal in respect to any offer to purchase all or substantially all of Snipp's assets received by Snipp from any competitor of Bally's. Completion of the Investment is subject to the approval of the TSX Venture Exchange as well as the satisfaction of other customary closing conditions. Following completion of the Investment, Bally's is expected to own approximately 9% of the issued and outstanding common shares of Snipp, having subscribed for 25,000,000 common shares of Snipp at 20c per share as part of the Investment. Bally's and Snipp will also enter into commercial agreements whereby Bally's will become Snipp's exclusive gaming partner for Snipp's loyalty gaming platform, recently acquired in connection with Snipp's February 22, 2022 acquisition of Gambit Rewards, Inc. As part of the Commercial Arrangements, Bally's will also receive a three-year term license of the SnippLOYALTY software platform at arm's length rates, intended for implementation across Bally's physical and online properties. In addition, Bally's will be granted an option to license the source code for the specific version or versions of the SnippLOYALTY software platform actually implemented in any of Bally's properties for a price of $10M.
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LULU | Hot Stocks10:31 EDT Lululemon expands Like New resale program to all U.S. stores - lululemon athletica announced the nationwide expansion of lululemon Like New, the brand's first trade-in and resale program. Starting on Earth Day, April 22, lululemon Like New will be available to all guests across the U.S., following a successful two-state pilot in 2021. The program reinvests 100 percent of profits to support lululemon's commitments outlined in its Impact Agenda, including making 100 percent of products with sustainable materials and end-of-use solutions by 2030.
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TWTR | Hot Stocks10:12 EDT Twitter acquires OpenBack; terms not disclosed - Jay Sullivan, head of consumer product at Twitter, said via the platform that Twitter has acquired OpenBack, a mobile platform "that helps make apps more engaging through device-side control of push notifications." Sullivan said that "OpenBack and their talented team joining Twitter will help us improve our ability to deliver the right notifications at the right time, in a way that puts people's privacy first. We're thrilled to have them join the flock and look forward to seeing their impact." Reference Link
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SPR BA | Hot Stocks10:02 EDT Spirit AeroSystems announces contract from Boeing for B-52 engine replacements - Spirit AeroSystems (SPR) announced a contract award from Boeing (BA) to provide engine pylons and nacelles for the initial phase of the B-52 Commercial Engine Replacement Program, or CERP. The total CERP effort is expected to replace 608 engines on the U.S. Air Force fleet of B-52H models. As part of the CERP contract, Spirit will support extending the life of the B-52 Stratofortress through at least 2050, the company said.
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SCO | Hot Stocks10:00 EDT Scor ADR falls -6.3% - Scor ADR is down -6.3%, or -36c to $5.35.
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STG | Hot Stocks10:00 EDT Sunlands Online falls -7.1% - Sunlands Online is down -7.1%, or -34c to $4.45.
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MYOV | Hot Stocks10:00 EDT Myovant Sciences falls -18.8% - Myovant Sciences is down -18.8%, or -$2.60 to $11.27.
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AMR | Hot Stocks10:00 EDT Alpha Metallurgical rises 6.8% - Alpha Metallurgical is up 6.8%, or $8.76 to $137.80.
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CALX | Hot Stocks10:00 EDT Calix rises 7.5% - Calix is up 7.5%, or $2.81 to $40.48.
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ULTR | Hot Stocks10:00 EDT Ultrapetrol rises 96300.0% - Ultrapetrol is up 96300.0%, or $48.15 to $48.20.
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LABD | Hot Stocks09:47 EDT Daily S&P Biotech Bear 3x Shares falls -5.7% - Daily S&P Biotech Bear 3x Shares is down -5.7%, or -$2.12 to $35.05.
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STG | Hot Stocks09:47 EDT Sunlands Online falls -7.6% - Sunlands Online is down -7.6%, or -37c to $4.42.
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MYOV | Hot Stocks09:47 EDT Myovant Sciences falls -22.6% - Myovant Sciences is down -22.6%, or -$3.13 to $10.74.
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AKA | Hot Stocks09:47 EDT a.k.a. Brands Holding rises 6.3% - a.k.a. Brands Holding is up 6.3%, or 26c to $4.40.
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PRTY | Hot Stocks09:47 EDT Party City rises 6.3% - Party City is up 6.3%, or 22c to $3.72.
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FINV | Hot Stocks09:47 EDT FinVolution Group rises 7.4% - FinVolution Group is up 7.4%, or 27c to $3.83.
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KARO | Hot Stocks09:44 EDT Karooooo says 'strong momentum' in subscribers carried through in FY22 - Karooooo, which owns 100% of Cartrack Holdings, announced that "the growing demand by small to large enterprises wanting to digitally transform their business to remain competitive prevailed throughout 2022." The company stated: "Despite persistent changing and challenging operating conditions, Karooooo's operational resilience, coupled with its profitable and robust business model drove new customer additions," delivering growth in the total number of subscribers to 1,525,972 subscribers in total for 2022, up 17% from a 2021 total of 1,306,000, and 219,972 net subscriber additions for 2022, up 23% from 179,485 added in 2021. "It is encouraging that in our first year as a NASDAQ listed company, our subscriber growth for 2022 was in line with our growth outlook. I am pleased with Karooooo's resilience and execution despite the persistent operating headwinds resulting from the Covid-19 pandemic during the period," commented Karooooo founder CEO, Zak Calisto. Karooooo will report financial results for the fourth quarter and full year ended February 28 on Wednesday, April 27, the company noted.
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DSL BCS | Hot Stocks09:38 EDT DoubleLine, Barclays enter strategic ETF partnership - DoubleLine and Barclays have entered a strategic partnership, bringing together the investment and trading expertise of DoubleLine and the resources of Barclays in the marketing and distribution of exchange-traded funds under DoubleLine ETF Adviser LP.
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WKSP HYMTF | Hot Stocks09:36 EDT Worksport, Hyundai America Technical Center enter production agreement - Worksport Ltd. (WKSP) and Hyundai America Technical Center (HYMTF) executed a letter of understanding in which both parties agreed that Worksport would produce prototypes of the Worksport SOLIS and a modified version of the COR energy storage system based on the Hyundai Santa Cruz's bed geometry. HATCI, a division of Hyundai Motor Company, has provided to Worksport 3D Data specifically for the Project. The two companies intend to explore the benefit of each other's products working in tandem in order to determine the viability of a future partnership. A tentative timeline was also agreed upon for the Project whereby the working SOLIS and COR models for Hyundai's yet to be announced vehicle would be ready for presentation to Hyundai's head office by October of 2022.
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XYL | Hot Stocks09:34 EDT Xylem invests $20M in venture capital funds for water technology development - Xylem has announced Limited Partner investments in venture capital funds Burnt Island Ventures and The Westly Group's Funds III and IV, supporting the development of innovative water and industrial technologies. The combined $20M investment across both funds forms a key part of Xylem's external innovation program, Xylem Innovation Labs. These investments bolster Xylem Innovation Labs' open innovation network and its commitment to bringing the most important water technology innovations to market at speed and scale. Xylem's position in Burnt Island Ventures, focused on supporting early-stage water innovation, is complemented by The Westly Group's emphasis on energy, industry 4.0, and cybersecurity. Together, Xylem will have a global view and early visibility of technologies across the water value chain, including digital solutions, that are on the path to technological and commercial success.
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MYMD | Hot Stocks09:33 EDT MyMD Pharmaceuticals announces preclinical data on MYMD-1 - MyMD Pharmaceuticals announced positive new preclinical study data demonstrating the potential effectiveness of MYMD-1 for the treatment of rheumatoid arthritis. MYMD-1 demonstrated a significantly greater anti-inflammatory effect than current TNF-alpha inhibitors on the market, the top three of which represent an estimated $31 billion market. The comparative study of arthritis, using the CAIA model, was conducted and analyzed by Charles River Laboratories International, a full-service contract research organization for drug discovery and development. Study results showed that MYMD-1 inhibited inflammation more effectively in the RA model by 30% and 70% of the top two marketed drugs, respectively. The company said, "In addition to the greater efficacy shown in the preclinical model of RA, we believe that MYMD-1 holds significant advantages over current anti-TNF-alpha therapies: Smaller molecular size with easy access throughout the body, including the brain; Selective inhibition of TNF-alpha production by lymphocytes involved in autoimmune disease, but not macrophages involved in front line immune protection against bacteria and viral infections; Not shown to cause serious side effects in preclinical studies that is common with traditional therapies that treat inflammation; Simultaneous inhibition of pro-inflammatory cytokines TNF-alpha, IL-6 and IL-17; and Ease of oral dosing rather than by needle injection. Drug candidate MYMD-1 is the only TNF-alpha inhibitor that is dosed orally." MyMD is currently conducting a Phase 2 clinical trial of MYMD-1 as a therapy for delaying aging and expanding healthy lifespan. The primary endpoint for the Phase 2 double-blind, placebo-controlled clinical trial is to achieve a reduction in circulating levels of TNF-alpha within 28 days of therapy. In addition to aging and rheumatoid arthritis, MYMD-1's distinct action in regulating the immune system and treating chronic inflammation is being developed for the treatment of multiple sclerosis, diabetes, and inflammatory bowel disease.
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RCRT | Hot Stocks09:32 EDT Recruiter.com launches new crypto career community - Recruiter.com Group announced the launch of a new cryptocurrency career community platform available at https://crypto.recruiter.com. Blockchain and cryptocurrency job titles range from highly technical engineering and development-oriented roles to non-technical positions, such as community management and research. With a strong crossover to the fintech and financial community, other crypto roles include traders and financial consultants.
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EZFL | Hot Stocks09:26 EDT EzFill signs fleet fueling agreement with nexAir - EzFill Holdings announced a new fleet agreement with nexAir, effective immediately. EzFill will provide regular mobile fuel service for nexAir's Miami location, which also serves as its Florida centralized warehouse. The family-built company provides specialty gases, welding equipment, and other supplies to area customers through its fleet of trucks. Deliveries include anhydrous ammonia, carbon monoxide, fuel gas, and sustainable gas cylinders.
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LEXX | Hot Stocks09:25 EDT Lexaria Bioscience announces details of human nicotine study NIC-H22-1 - Lexaria Bioscience announces details of human nicotine study NIC-H22-1, which is expected to begin dosing this summer. Study NIC-H22-1 is a minimum 36-person human pharmacokinetic randomized, double blinded, cross-over study to compare Lexaria's DehydraTECH-nicotine pouch performance to that of existing leading brands currently sold in the US such as ON! and Zyn. Objective data collection from blood samples that will evidence Tmax, Cmax, and AUC is the primary objective of the study. Secondary objectives include extensive subjective evaluations related to throat burn, user experience, and more. Lexaria hopes to evidence that processing purified nicotine with DehydraTECH leads to better oral-tissue absorption and reduced negative experiences compared to currently sold brands. The design phase of study NIC-H22-1 is complete and test articles are currently being manufactured. The Company will announce when dosing begins, which is expected this summer. This study is funded by Lexaria with existing capital. The Company is optimistic that this larger human study will produce positive findings pursuant to those evidenced in its previous 2021 subjective human testing that utilized DehydraTECH-nicotine formulations demonstrating onset of initial nicotine effectiveness in as little as 1.5 to 4 minutes after an oral dose. As reported on October 5, 2021, Lexaria demonstrated in animal study NIC-A21-1 that nicotine oral pouches using DehydraTECH technology were 10x to 20x faster in reaching peak delivery of nicotine to bloodstream than controls. The oral nicotine pouch category is of intense interest to Lexaria and is one of the fastest growing segments of the nicotine industry due in part to its reduced risk health outcomes as noted by the Food and Drug Administration. This delivery method, in the white pouch format specifically, which avoids harmful lung outcomes experienced by smokers or vapers, involves absorption primarily through the buccal tissues of the mouth, of purified nicotine that has been separated from most other harmful compounds in the tobacco leaf. The global market for the oral nicotine pouch category was US$2.33 billion in 2020 and is growing at a rapid CAGR of 30.7% and is expected to reach $21.84 billion in 2027. As reported on March 8, 2022, Lexaria recently received its first ever patent granted to use DehydraTECH to more efficiently deliver nicotine through buccal tissue absorption. Similar patent filings have been made in the USA and in the EU and Lexaria believes those potential patent awards could support significant competitive advantages in the nicotine white pouch category, as well as other oral nicotine product formats.
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LCID | Hot Stocks09:24 EDT Lucid Group up 4% after announcing start of Air Grand Touring deliveries - Shares of Lucid Group are up 4% in pre-market trading at $22.56 after the company announced that it has started deliveries of Lucid Air Grand Touring model with an MSRP of $179,000.
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MACE | Hot Stocks09:24 EDT Mace Security director Jayne Juvan resigns - Mace Security International announced that Jayne Juvan decided to resign from its Board of Directors, effective April 8, 2022. Ms. Juvan has served on Mace's Board since 2020 and currently serves as chair of the Mergers & Acquisitions and Securities & Capital Markets practice group at Tucker Ellis and has other demanding obligations at the current time.
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CYRN | Hot Stocks09:23 EDT Quintessential Brands adopts Cyren Inbox Security - Cyren announced Quintessential Brands has adopted Cyren Inbox Security to reduce the cybersecurity risks associated with the most common attack vector - email.
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YECO | Hot Stocks09:21 EDT EV Biologics isolates primary cells for nanoparticle production - EV Biologics announced that it has succeeded in isolating primary progenitor cells from tissue using a xeno-free process. The Company has been developing an improved process for isolation of progenitor cells from tissue to generate cell banks for therapeutic nanoparticle production and further cell line development. This Process Development will continue with iterative optimization to improve its standardization and compliance with Good Manufacturing Practice. This primary progenitor cell bank will be used in Process Development for therapeutic nanoparticle production. The Company is evaluating cell culture systems and conditions for therapeutic nanoparticle production to enhance the quantitative and qualitative yield. The Company's goal is GMP-compliant production of its first iteration of nanoparticle therapeutics by Q2, 2023. The Company is also developing an accelerated process for engineered nanoparticle-producer cell line development. This primary progenitor cell bank and future cell banks, generated with the optimized isolation process, will serve as a pool of precursor cells for further cell line development.
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TYL | Hot Stocks09:21 EDT Tyler Technologies extends payment solutions contract with Texas - Tyler Technologies, announced that the state of Texas has extended its contract for Tyler's payment services. The three-year agreement builds upon the existing 13-year relationship with Tyler's NIC Division. Serving Texans since 2009, Tyler's NIC Division provides payment processing and settlement services for 235Texas.gov applications, enabling online payments and over-the-counter credit, debit, and Automated Clearing House payments on behalf of 306 government entities. As part of the new agreement, Tyler will integrate its Data & Insights platform into the payment processing and settlement services, bringing advanced analytics to the solution, allowing clients to easily digest information and better understand customers' transactions. Since September 1, 2018, Tyler's NIC Division has securely processed more than 73.5 million transactions totaling more than $5.69B for the state of Texas.
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UUU | Hot Stocks09:20 EDT Infinite Reality to acquire ReKTGlobal in $470M all-stock deal - Infinite Realty announced that they have entered into a definitive merger agreement to acquire esports and entertainment conglomerate ReKTGlobal in a $470M all-stock deal, based on an equity valuation for iR of $2B, for a combined post-close valuation of $2.47B. Completion of the transaction is subject to customary closing conditions, including ReKTGlobal shareholder approval, as well as regulatory and other approvals. Infinite Reality previously announced it entered into a definitive merger agreement with NYSE-listed Universal Security Instruments and secured a Standby Equity Purchase Agreement with Yorkville Advisors Global, LP for up to $200M upon completion of the merger with Universal Security Instruments. Completion of the announced merger with Universal Security Instruments remains subject to approval by shareholders of both Infinite Reality and Universal, as well as clearance by the SEC and NYSE stock exchange listing.
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IDW | Hot Stocks09:19 EDT IDW Media announces results of 2021 annual meeting - IDW Media Holdings hosted their annual meeting on April 5, 2022. At the meeting, the shareholders re-elected Howard S. Jonas as Chairman of the Board, as well as Sanford S. Climan, Perry Davis, Allan I. Grafman, Amy Jonas, Irwin Katsof and Christopher McGurk as directors; approved an amendment to the IDW Media Holdings 2019 Stock Option and Incentive Plan; and ratified the appointment of Zwick CPA, PLLC as the Company's independent registered public accounting firm for the fiscal year ended October 31, 2022. Additionally, Chief Executive Officer Ezra Y. Rosensaft and Chief Financial Officer Brooke Feinstein provided an update on the progress the Company made during 2021 and an overview of the go-forward strategy. Below is an abbreviated summary of their comments: Mr. Rosensaft stated, "2021 was a pivotal turnaround year that set the groundwork to drive sustained, long-term value for our shareholders. We accomplished an incredible amount of heavy lifting in 2021, revitalizing our strategy with an aggressive focus on producing new original content, strengthening the management team, transforming our balance sheet with an equity capital raise and paying our debt down to zero, and listing our stock on the NYSE American. The core of IDW's business is creating and developing stories that captivate audiences by leveraging our powerful content development platform. Over the past few years, we have achieved notable milestones including: Publishing over 280 comics and 125 graphic novels annually. 5 shows currently streaming on various streaming services including Netflix. Carefully building a team of 80 of the best professionals in the sector. Worked with 450 authors and illustrators. Scooped up approximately 40 Eisner Awards. Today, IDW Publishing is the fourth largest direct market publisher of comics and graphic novels. Publishing currently has about 40 original titles in various stages of development and a library of over 100 titles. In 2021, we grew the pipeline of this part of our business substantially. In addition, we continue to publish for iconic brands including Disney, Marvel and DC Comics. This important business generates stable cash flows that we leverage to grow our base of original titles. In our entertainment division, we develop, produce and distribute the amazing stories that are created in our publishing division. We have already had a number of our projects streamed on Netflix, BBC and AMC, and our goal is to have 3 to 5 per year. Across our business, a key transformation in 2021 was the significant de-risking of our model. Previously, we made big bets on shows and financed them by adding leverage to the balance sheet. Having learned some valuable lessons, we've changed our approach to minimize risk and generate more predictable cash flows. The refined model creates value as we: Profitably build a valuable library of content -- approximately 75% of our original titles at least break even in our publishing division. Leverage our content library on the entertainment side of our business to generate pure incremental profit of $1 to $3 million per season per show. Create a virtuous cycle where successful entertainment vehicles drive additional publishing sales with merchandising opportunities and reciprocal use of IP across divisions. Moreover, as the media industry further consolidates and Disney, Valiant, DC Comics and other large players gobble up the remaining smaller independent players, we have become one of the few integrated, independent original content focused media companies remaining in the market. Strategically, this further highlights the value of our rapidly growing original content library and our outstanding reputation as an independent shop for creators. enabling us to continue to attract excellent creative partners. We've started 2022 with an exceptionally strong first quarter financial performance, and our balance sheet remains solid and debt free with ample liquidity to pursue growth initiatives and continue to build our original IP library."
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AIG | Hot Stocks09:18 EDT AIG appoints Tom Bolt as chief risk officer - AIG today announced that Tom Bolt has been named executive VP and chief risk officer, AIG, effective immediately. Bolt replaces Sabra Purtill, who was recently named executive VP and chief investment officer for AIG's Life & Retirement business. Bolt will report to Peter Zaffino, chairman and CEO, AIG, and has joined the AIG Executive leadership team.
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BNXAF | Hot Stocks09:17 EDT Banxa Holdings reports March TTV of A$81M - BANXA Holdings has announced its March 2022 TTV, recording AUD $81 million. For the quarter ending March 31, 2022, the Company recorded a 71% year-on-year increase compared to the same reporting period in 2021, growing from AUD $207 million to AUD $355 million, in line with the market conditions. In March, Banxa added 9 new partners to its network, including Paxful, the large well-known peer-to-peer exchange platform with over six million users, Pionex the automated trading leader driven by crypto trading bots, and 1Inch, the top 10 DEX aggregator and a key player in the DeFi space. These new partners provide significant growth opportunities and great exposure to existing and emerging markets. The business also added 13 new coins across ten chains, including the highly anticipated APE, CAKE and AXS. Adding these new coins solidifies Banxa's mission to bridge the gap between the fiat and crypto worlds, creating more access points for millions of consumers worldwide to enter the cryptocurrency market. Banxa has also announced the departure of Dave Malcolm as the Company's Chief Marketing Officer. Dave was a steady guiding force for the company from its early days. Chloe Sasson, Banxa Chief of Staff, will be stepping into the role for the interim. Banxa has also announced that it has granted 40,000 Options to an officer of the Company. The Options vest over 24 months, have an expiry of 5 years and are exercisable at CAD $2.50 The Company has engaged the services of Generation IACP to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Generation will receive a fee of CAD $7,500 plus applicable taxes per month.
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NGVT | Hot Stocks09:16 EDT Ingevity joins UNGlobal Compact as participant, backs sustainable practices - Ingevity announced that it has joined the United Nations Global Compact as a participant, affirming the company's alignment with the ten universally accepted principles for human rights, labor, environment and anti-corruption, and committing to responsible business actions that support the UN's Sustainable Development Goals. Launched in 2000, the UN Global Compact is the largest corporate sustainability initiative in the world, with more than 15,000 companies and 3,800 non-business signatories based in over 160 countries, and more than 69 Local Networks. "As a company with a 100-year legacy of sustainability, Ingevity is focused on responsible business practices that support the health and well-being of people in our communities and make a positive impact on our environment," said Ingevity CEO and president, John Fortson. "As a participant in the UN Global Compact, we proudly join a global business community committed to taking responsible business action to advance important economic, social and environmental goals to improve our world."
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EVO BMY | Hot Stocks09:15 EDT Secarna says Evotec achieves program designation in Bristol Myers collaboration - Secarna Pharmaceuticals reports that its collaboration partner Evotec (EVO) has reached another programme designation within its neuroscience collaboration with Bristol Myers Squibb (BMY) triggering a payment of $16M to Evotec. The programme further adds to a fast-growing pipeline in neurodegeneration that also includes EVT8683, which entered clinical development end of 2021. In contrast to previously nominated programmes, which are small molecule based, the newly designated project utilises an antisense-based approach. Evotec is eligible to receive tiered royalties of up to low double-digit percentages of sales of any commercial products resulting from the collaboration with Bristol Myers Squibb. Additionally, Evotec can earn up to $250M in development and sales milestones within the collaboration. Antisense oligonucleotides are precisely engineered chemical structures that specifically bind to a targeted RNA to interfere with gene expression. By specifically inhibiting the production of disease-driving proteins in the cells of interest, ASOs can provide new pathways to tackle targets that are difficult to regulate or were previously deemed "undruggable". The programme leverages ASOs originating from the LNAplus ASO discovery and development platform established and validated by Secarna Pharmaceuticals with whom Evotec entered a strategic partnership in August 2020.
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LEXX | Hot Stocks09:14 EDT Lexaria Bioscience updates nicotine study NIC-H22-1, sees dosing this summer - Lexaria Bioscience announces details of human nicotine study NIC-H22-1, which is expected to begin dosing this summer. Study NIC-H22-1 is a minimum 36-person human pharmacokinetic randomized, double blinded, cross-over study to compare Lexaria's DehydraTECH-nicotine pouch performance to that of existing leading brands currently sold in the US such as ON! and Zyn. Objective data collection from blood samples that will evidence Tmax, Cmax, and AUC is the primary objective of the study. Secondary objectives include extensive subjective evaluations related to throat burn, user experience, and more. Lexaria hopes to evidence that processing purified nicotine with DehydraTECH leads to better oral-tissue absorption and reduced negative experiences compared to currently sold brands. The design phase of study NIC-H22-1 is complete and test articles are currently being manufactured. The Company will announce when dosing begins, which is expected this summer. This study is funded by Lexaria with existing capital. The Company is optimistic that this larger human study will produce positive findings pursuant to those evidenced in its previous 2021 subjective human testing that utilized DehydraTECH-nicotine formulations demonstrating onset of initial nicotine effectiveness in as little as 1.5 to 4 minutes after an oral dose.
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HMBL | Hot Stocks09:12 EDT HUMBL, artist Monty drop multimedia NFT with music, video, merchandise - HUMBL announced the drop of his first NFT on the HUMBL Gallery slated for April 12, 2022. The drop reflects a collaboration between HUMBL and Monty to deliver an NFT that also provides access to experiences and chances to win merchandise and tickets to upcoming shows. "HUMBL is excited to partner with Monty on this groundbreaking initiative," said HUMBL CEO, Brian Foote. "At HUMBL, we believe that blockchain will converge multimedia NFTs, tickets and fan experiences into new forms of engagement between artists and audiences. Today we take another step forward towards delivering this Web 3 reality into the global marketplace."
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AFRM POSH | Hot Stocks09:12 EDT Affirm, Poshmark announce two-year extension of partnership - Affirm (AFRM) and Poshmark (POSH) announced a two-year extension and expansion of their partnership to deliver increased payment flexibility to shoppers. Poshmark was one of the first companies to pilot Affirm's Adaptive Checkout, which provides shoppers with more flexibility and choice at checkout. Eligible shoppers from Poshmark's community of more than 80M users can choose between monthly payments or four interest-free payments every other week for all items over $50. Adding these payment options through Adaptive Checkout has led to an increase in average order value and the number of orders at these price points for Poshmark. This expanded partnership comes after Affirm's Consumer Spend Report revealed more than one in two consumers are interested in using a pay-over-time solution this year. McKinsey predicts annual growth of 10%-15% in the luxury resale market over the next decade, and by 2025 will comprise a third of the total market.
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BYND... | Hot Stocks09:11 EDT Beyond Meat expands availability of Beyond Chicken Tenders - Beyond Meat (BYND) announced that it is significantly increasing the availability of its Beyond Chicken Tenders at leading retail outlets across the country, including supermarkets, pharmacies and club stores. Starting today, Beyond Chicken Tenders are available at select Albertsons (ACI), CVS (CVS), Sprouts (SFM) and Whole Foods Market stores nationwide, and are expanding into all Kroger (KR) banners throughout April. "Building on the positive momentum of our recent chicken launches, we're excited to significantly expand the availability of our Beyond Chicken Tenders by showing up in more places for our consumers - from their favorite supermarket or drugstore, to large warehouse clubs - making delicious, nutritious and sustainable plant-based meat more accessible than ever before," said Deanna Jurgens, Chief Growth Officer, Beyond Meat.
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MU | Hot Stocks09:09 EDT Micron GDDR6X increases bandwidth, capacity - Micron Technology announced the volume production of its new 16Gb GDDR6X memory, which is now shipping in the NVIDIA GeForce RTX 3090 Ti graphics card. The latest GDDR6X memory, available only from Micron, features twice the capacity and up to 15% higher performance over the previous 8Gb version. These additional capabilities mean end users can experience razor-sharp visuals, higher frame rates and outstanding performance in memory-intensive applications like gaming and content creation.
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KLIC PDFS | Hot Stocks09:09 EDT Kulicke & Soffa, PDF Solutions collaborate on manufacturing solutions - Kulicke and Soffa Industries (KLIC) and PDF Solutions (PDFS) announced their existing relationship is expanding to address the challenges of production system control and variability reduction in semiconductor assembly and packaging. The Kulicke & Soffa, K&S, and PDF Solutions collaboration is intended to combine assembly Fault Detection and Classification, FDC, data, collected by K&S' RPM data-enabled tools, with artificial intelligence and machine learning capabilities from PDF Solutions' Exensio platform. The unification of RPM and Exensio analytic capabilities is being designed to enable insights to directly enhance advanced assembly issue dispositioning and containment, driving yield and efficiency gains for customers. In addition to these production benefits, this collaboration is also intended to help alleviate the ongoing chip shortage. These combined capabilities are being architected to also identify out-of-control process and equipment issues before they require unanticipated downtime, enhancing system throughput and delivering more chips to market from existing manufacturing capacity.
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RGLD | Hot Stocks09:08 EDT Royal Gold sees FY22 gold equivalent ounces sales volume 315,000-340,000 - Sees FY22 effective tax rate 17%-22%. Royal Gold announced its guidance for total stream segment and royalty sales volume; depletion, depreciation and amortization expense and effective tax rate for the calendar year ended December 31.
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KLIC PDFS | Hot Stocks09:08 EDT Kulicke & Soffa and PDF Solutions expand relationship - Kulicke and Soffa Industries (KLIC) and PDF Solutions (PDFS) announced their existing relationship is expanding to address the challenges of production system control and variability reduction in semiconductor assembly and packaging. As more companies adopt innovative packaging and assembly technologies to bring new products to market, it has become essential to apply smart manufacturing methods to identify the root cause of packaging and assembly issues that impact product yield, quality, and cost. The Kulicke & Soffa and PDF Solutions collaboration is intended to combine assembly Fault Detection and Classification, or FDC, data, collected by K&S' RPM, data-enabled tools, with artificial intelligence and machine learning capabilities from PDF Solutions' Exensio platform.
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ASTR | Hot Stocks09:08 EDT Astra Space announces electric propulsion system contract with LeoStella - Astra Space and LeoStella announced a contract for Astra to provide multiple Astra Spacecraft Engines for LeoStella satellites. Astra is expected to begin delivering the propulsion systems later this year and into 2023. LeoStella designs and manufactures operational satellites cost effectively and at scale. Astra's Spacecraft Engine has demonstrated that it can assist satellites in achieving and maintaining target orbits and maneuverability and is expected to be integrated onto a variety of LeoStella's satellites. "As demand for small satellites continues to grow, we are always looking for innovative options to provide highly efficient, reliable propulsion for our satellites," said Tod Byquist, Director of Programs and Supply Chain at LeoStella. "Astra's Spacecraft Engine has good flight heritage and the performance we need to get our satellites to space on schedule." "LeoStella is a pioneering force in constructing critical space infrastructure through a variety of satellite designs," said Mike Cassidy, VP of Product Management at Astra. "Their vision to deploy reliable, cost-effective satellites aligns closely with Astra's and demonstrates the innovative forces at work to expand and accelerate access to space."
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NVEI | Hot Stocks09:06 EDT Nuvei announces partnership with nextmarkets - Nuvei announces its partnership with nextmarkets. Through its proprietary payment platform, Nuvei will help solidify nextmarkets' capabilities in the markets they already operate in, as well as power their expansion outside of Europe, as they continue to democratize the trading experience for people around the world. "nextmarkets' vision to enable all investors, regardless of experience to achieve financial success in their online trading activities by combining innovative technology with powerful expert knowledge, is aligned with our own," said Nuvei Chair and CEO Philip Fayer. "Uniting payment technology and consulting, we help businesses remove payment barriers and increase acceptance rates. We are excited to partner with nextmarkets to aid their international expansion," he added.
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FTNT | Hot Stocks09:06 EDT Fortinet launches Security Awareness and Training service - Fortinet announced the availability of its Security Awareness and Training service for companies to further protect their security posture by advancing their employees' cybersecurity skillsets and knowledge. A Fortinet survey found that 73 percent of organizations had at least one intrusion or breach that can be partially attributed to a gap in cybersecurity skills. This new service benefits any company seeking to reduce threats through employee cybersecurity awareness and training by providing: Curriculum from award-winning Fortinet Training Institute: The service is designed by the Fortinet Training Institute which provides cybersecurity certification and training through its various programs. The Fortinet Training Institute has received multiple industry awards for the caliber of its content and programs. Building on the award-winning curriculum, the new service will help organizations educate users globally on the importance of vigilance against increasingly sophisticated cyberthreats and how to recognize and avoid falling victim to cyberattacks. Alignment to NIST 800-50 and NIST 800-16 guidelines: The service is aligned to the National Institute of Standards and Technology guidelines - NIST 800-50 and NIST 800-16 - providing training and awareness that is engaging and relevant on topics such as information security, data privacy, physical security, password protection and internet security. Intelligence-driven training: Leveraging FortiGuard Labs threat intelligence, the Security Awareness and Training service provides training informed by developments observed across the threat landscape. Coursework incorporates insights to further train employees on today's threats, preventing them from falling victim to the latest potential cyberattacks.
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MA | Hot Stocks09:06 EDT MasterCard, Interos launch partnership - Mastercard announced a new partnership with Interos, the hyper-growth operational resilience company, to further expand its security strategy and bring Interos' multi-tier risk monitoring capabilities to financial institutions. This new offering allows organizations to proactively detect and eliminate risk across multiple areas - including cyber, financial, ESG, restrictions, geopolitical and operational - throughout their network of business and merchant relationships.
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RICK | Hot Stocks09:06 EDT RCI Hospitality reports FY22 club and restaurant sales of $124.2M - RCI Hospitality Holdings reported sales for its Nightclubs and Bombshells restaurants for the Q2. Sales do not include non-core operations and are preliminary and subject to final closing. Eric Langan, President and CEO of RCI Hospitality Holdings, said "We had a strong Q2, with favorable trends in March and new developments expected to benefit Q3 and Q4. As we have seen a return to more normal everyday life around the country, people just want to go out and have fun." Highlights include: total club and restaurant sales of $63.0M and $124.2M for the Q2 and first six months of FY22, respectively; while January was affected by Omicron and February by severe weather, March was a record month, with approximately $24M in sales; the 11 acquired clubs added $8.4M in sales or approximately 93% of their pre-COVID, January-March 2019 sales and 95% of their March 2019 sales; sales for eight Northern clubs hit a 12 month high in March; another club acquired in November and the Bombshells that opened in December also continued to perform well in Q2; more than 55,000 shares were purchased during Q2 and Q3 to date, for approximately $3.4M, or an average of $62.02 per share; an excess parcel of real estate was sold for $2.1M in Q2, two more under contract for sale, for a total of $7.7 million, are expected to close by year end FY22; Scarlett's Cabaret Louisiana opened late Q2; another rebranded/reformatted club and the first Bombshells franchise are expected to open in San Antonio in 3Q22. During Q2, a property for the 12th company-owned Bombshells was acquired using bank financing; Tootsie's and Scarlett's Cabarets in Miami became the company's first clubs in March to accept Bitcoin. Later in Q3, RCI anticipates the launch of the AdmireMe fan site and minting of the Tip-N-Strip non-fungible token guest benefits program.
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NXTP | Hot Stocks09:05 EDT NextPlay Technologies integrates NextTrip booking engine with Fareportals - NextPlay Technologies and Fareportal announce the integration of the NextTrip ConNextions booking engine into CheapOair, an online travel agency. CheapOair can now offer its users the ability to easily search, book and confirm reservations from a few million alternative lodging rental properties around the world. Tim Sikora, NextTrip President and COO, commented, "Our ConNextions booking engine integration with CheapOair dramatically expands our North America reach by allowing their travel agents and customers to dynamically package Vacation Rentals with flights to global destinations on over 600 airlines and hundreds of car rental companies. We see our global inventory of vacation rental properties providing many new lodging options to CheapOair customers around the world. We look forward to expanding this relationship with others in Fareportal's huge network of brands, agencies and customers."
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LCID | Hot Stocks09:04 EDT Lucid Group begins delivering Lucid Air Grand Touring model - Lucid Group announced that it has begun customer deliveries of Lucid Air Grand Touring and that it will introduce a new version of Lucid Air, the Lucid Air Grand Touring Performance. The Lucid Air Grand Touring will soon be joined by an exciting new version of the Air: the Lucid Air Grand Touring Performance. With 1,050 horsepower, the dual-motor Lucid Air Grand Touring Performance is the most powerful electric vehicle currently available in North America - and with an EPA-estimated driving range of 446 miles, still more than any other brands' electric vehicles, it doesn't compromise. Two of Lucid's proprietary electric motors - one at each axle - propel the Air Grand Touring Performance from 0 to 60 miles per hour in just 2.6 seconds. It will have an MSRP of $179,000 and customer deliveries in the U.S. are slated to begin in June 2022. In Canada, the Air Grand Touring Performance will be priced at C$242,000, with deliveries beginning in August 2022.
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PROG | Hot Stocks09:02 EDT Progenity to change name to Biora Therapeutics in Q2 - Progenity announced that it will change its name to Biora Therapeutics during the second quarter of 2022, to better reflect the company's focus on developing its pipeline for targeted and systemic oral delivery of biotherapeutics. "As we complete our strategic transformation, we are launching Biora Therapeutics to reflect our mission going forward, which is to reimagine therapeutics and their delivery," said Adi Mohanty, Chief Executive Officer. "By creating innovative smart pills designed for targeted drug delivery to the GI tract and for systemic, needle-free delivery of biotherapeutics, we are developing therapies to improve patients' lives." Progenity expects the brand launch for Biora Therapeutics to coincide with the company's Q1 2022 earnings call in May, and the company's NASDAQ ticker symbol will also change from "PROG" to "BIOR" at that time.
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AVGO | Hot Stocks09:02 EDT Broadcom announces availabilty of chipset solutions for Wi-Fi 7 ecosystem - Broadcom announced sample availability of its complete end-to-end chipset solutions for the Wi-Fi 7 ecosystem, spanning Wi-Fi routers, residential gateways, enterprise access points, and client devices. These Wi-Fi 7 chips more than double the speed of Wi-Fi 6 and 6E solutions on the market today, while simultaneously delivering reliable low-latency communications and extended range.
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MDB... | Hot Stocks09:02 EDT MongoDB announces pay-as-you-go offering on Google Cloud - MongoDB (MDB) announced the launch of a pay-as-you-go MongoDB Atlas offering, which can be launched directly from the Google (GOOG, GOOGL) Console. The offering provides developers with a simplified subscription experience, and enterprises more choice in how they procure MongoDB on Google Cloud. With this new pay-as-you-go MongoDB Atlas offering, customers only pay for the resources they use and can scale based on their needs, with no up-front commitments while using their Google accounts. This offering will also make it easier for customers to build, scale, and manage data-rich applications with MongoDB Atlas within the Google Cloud Console.
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BOSC | Hot Stocks09:01 EDT BOS Better Online Solutions receives $625,000 order - BOS Better Online Solutions announced that its Supply Chain Division has received an order in the amount of $625,000 for delivery this year. Avidan Zelicovski, BOS' President, stated: "This an order from an existing US customer. It demonstrates the clear added value of our supply chain services to manufacturers worldwide. I am encouraged by the growing demand for our supply chain services and I believe that this trend will continue this year."
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PSNL | Hot Stocks08:59 EDT Personalis publishes HLA LOH data in nature Communications - Personalis announced the publication of its study titled, "A machine learning algorithm with subclonal sensitivity reveals widespread pan-cancer human leukocyte antigen loss of heterozygosity," in Nature Communications. Human leukocyte antigen loss of heterozygosity, or HLA LOH, allows cancer cells to escape immune recognition by deleting HLA alleles, causing the suppressed presentation of tumor neoantigens. Despite its importance in immunotherapy response, few methods exist to detect HLA LOH, and their accuracy is not well understood. Further, detecting HLA LOH accurately from sequencing data is of interest given the growing ubiquity of tumor molecular profiling. The Personalis study details the development of DASH, a novel machine learning-based algorithm to detect HLA LOH from paired tumor-normal sequencing data. Through validation with cell line mixtures and patient-specific digital PCR, the study demonstrates increased sensitivity of HLA LOH detection by DASH compared to previously published tools and paves the way for clinical utility. Using DASH for 610 patients across 15 tumor types, the study found that a large percentage of patients are impacted by HLA LOH, including patients with non-small cell lung cancer adenocarcinoma, cervical cancer and head and neck squamous cell carcinomas. Additionally, the study showed inflated HLA LOH rates compared to genome-wide LOH, and correlations between CD274 expression and microsatellite instability status, suggesting that HLA LOH is an immune resistance strategy.
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NESR | Hot Stocks08:57 EDT Cairn awards National Energy Services integrated production services contract - National Energy Services Reunited announced that the company has been awarded an integrated Production Services contract from Cairn Oil & Gas in India. Commencing by 3Q22, the contract scope spans Coiled Tubing, High-Rate Pumping, Wireline, TCP, Slickline, Thru-Tubing Services, Well Testing, Wellhead Maintenance, Heating Services, Completion Fluids & Equipment, Hydraulic Fracturing and Stimulation Chemicals, which underscores NESR's augmented integrated service delivery capabilities across a broad Production Services portfolio. The project is focal to Cairn's energy supply growth across the Rajasthan Assets Mangla, Bhagyam, Aishwarya, Barmer Hill & Satellite fields. Furthermore, the contract will underpin significant investment and in-country value creation in India, as NESR aims to bolster the domestic energy services industry while delivering on this broad service scope.
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NBIO | Hot Stocks08:54 EDT Nascent Biotech, BioTools partner to define PTB's higher order structure - Nascent Biotech has partnered with BioTools, Inc to clearly define PTB's higher order molecular structure. Nascent is exploring the potential of modifying the antibody to enhance its effectiveness and to broaden its therapeutic application. BioTool's groundbreaking ROA laser-based technology provides detailed and complete structural characterization at all stages of development including formulation and stability. ROA spectrum generates a structural snapshot and unique signature for each product and each modification. PTB is a natural human IgG1 antibody isolated from a patient with cervical carcinoma. It is a protein molecule comprised of multiple amino acid units linked together into a chain which can then fold into various configurations. Both the folding and the more extensive, 3-dimensional results have dramatic impact on the molecule's pharmaceutical effectiveness.
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OMQS | Hot Stocks08:49 EDT Omniq, Bridge Bank enter into banking relationship - OMNIQ announced its new banking agreement which includes the closing of a new lending facility with Bridge Bank. Deal highlights: borrowing capacity increases by 40% to $8.5M; rffective terms and interest rate significantly lower than previous facility; and the asset based lending facility will see OMNIQ's interest rates expense cut by about 40% effective interest rate compared to its previous lender. Shai Lustgarten, CEO of OMNIQ commented on the deal: "We're delighted to start a relationship with a major commercial Banking partner. This is yet another step in OMNIQ's continued growth and progress. This new lending facility will allow us to utilize more funds at lower interest rates which will improve cashflows and reduce interest expenses."
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CVGI | Hot Stocks08:49 EDT Commercial Vehicle Group says back to 100% of pre-invasion output rates - CVG had 1,200 employees immediately impacted by the senseless Russian invasion of Ukraine. Despite a complete shut-down initially, CVG is back to 100% pre-invasion output rates. This quick response was possible thanks to brave leadership by its local team, the resolve and creativity of the Ukrainian and neighboring Czech Republic teams, fast-acting customers, and CVG's decision to implement fallback production positions with two new production facilities in the Czech Republic and a supply chain from Mexico. CVG's local leaders are Jan Chabera, Executive Director of CVG's Operations in Eastern Europe, and Yaroslav Pauk, Director of CVG Ukraine. They have led the implementation of the following actions in response to the invasion: All employees were initially paid, even if unable to work. Overtime wages were provided for all employees who went to work. All employees were issued a spot bonus while the facility was closed. Upgrades to the bomb shelter near our L'viv facility, fitted with a bathroom and kitchenette, and can house up to 300 people during an air raid/siren. Modified 24/7 work schedules to reduce the number of people in the facility at one time and maintain output. Upgraded the IT infrastructure to defend against cyber-attacks. Workstation modifications will be made for any injured employee wishing to return to work. Assistance will be provided for any employee who wishes to move to or from the Ukraine. All sales to customers in Russia and Belarus have been halted. CVG and its Ukraine team are deeply committed to persevering through this ordeal together. CVG's plant in L'viv, Ukraine immediately shut down and then reconstituted itself quickly, despite having all eligible male employees called into military service. CVG reestablished a team of more than 1,000 mostly female employees in the facility. They are dedicated to staying in Ukraine, protecting the local GDP, producing products for customers, and maintaining their communities and country. CVG has moved quickly with its customers who are equally committed to protecting and preserving Ukraine, but additionally need to achieve supply chain certainty. This has required extremely fast customer-supplier decision-making. CVG is thankful to all those that have helped it move fast. CVG will continue to fully support the Ukrainian government, economy and people, and urges other organizations with operations in Ukraine to follow suit in ensuring the safety of its employees in the region, but also to preserve their way of life as best possible. In order to provide backup production to Ukraine, CVG immediately decided to begin fallback production in the Czech Republic. CVG has an existing team, distribution, plants, and banking in the Czech Republic and was able to open two new plants in parallel within a few weeks. The "CVG 35" led the way - 35 brave women who traveled from Ukraine through Poland to the Czech Republic to help establish the new facilities, despite not speaking the Czech language or knowing the fate of their homes. CVG provided a moving package, apartments and furnishings to this core group of Ukrainian women to relocate to the Czech Republic. Thanks to these women, a large CVG support team, and the expedient movement of equipment and raw materials, the Czech plants are now operational. They are already producing electrical harnesses for electric vehicles and passenger cars. With this startup success, CVG plans to increase employment to 350 people between the two new locations.
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CYDY | Hot Stocks08:48 EDT CytoDyn announces publication of peer-reviewed paper on leronlimab - CytoDyn announced the publication of a peer-reviewed research paper entitled "Suppression of human and simian immunodeficiency virus replication with the CCR5-specific antibody Leronlimab in two species" in the open-access journal PLOS Pathogens. The study followed five HIV+ human participants who, after successfully transitioning to once weekly subcutaneous leronlimab, halted their previous daily oral antiretroviral therapy regimens. Of the ten patients enrolled in the extension study, four individuals experienced viral rebound and stopped leronlimab monotherapy, and one individual withdrew, leaving five long-term participants. All five long-term participants successfully maintained HIV suppression via leronlimab monotherapy for over seven years, with no evidence of viral escape. It is important to note that these five participants on leronlimab monotherapy exhibited a higher frequency of transient episodes of plasma viremia, termed viral blips, than those on combinational oral antiretroviral regimens. Leronlimab treatment reduced SHIV viral loads by 10,000 fold and leronlimab was found within all anatomical compartments analyzed, including mucosal and lymphatic tissues, sites of early viral replication after transmission and latency, respectively.
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SNWV ABMD | Hot Stocks08:46 EDT Sanuwave Health announces new board leadership - SANUWAVE Health (SNWV) announced three new board members will join as one departs. The new board members Ian Miller, Jeffrey Blizard, and Jim Tyler will begin their terms in Q2 2022. Ian Miller: Commercial Vice President of Hoogwegt US. Jeffrey Blizard: Senior Director of Sales at AbioMED (ABMD). Jim Tyler: Advisory partner to Morgan Stanley Expansion Capital. Additionally, SANUWAVE announces John Nemelka will depart from the board.
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NEWT | Hot Stocks08:45 EDT Newtek Business says NSBF retains position as largest Non-Bank SBA 7(a) lender - Newtek Business Services announced that Newtek Small Business Finance retained its position as the largest non-bank lender licensed by the SBA under the federal Section 7(a) loan program, based on loan approval dollar volume as of March 31, 2022. In addition, NSBF was ranked as the 2nd largest SBA 7(a) lender, including banks, by loan approval dollar volume as of March 31, 2022.
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OCGN | Hot Stocks08:44 EDT Ocugen announces clinical hold on Phase 2/3 study of COVAXIN - Ocugen announced that the Company was informed by the U.S. Food and Drug Administration that the agency placed its Phase 2/3 immuno-bridging and broadening study for COVAXIN, OCU-002, on clinical hold. This is a result of the Company's decision to voluntarily implement a temporary pause in dosing participants of OCU-002 while it evaluates statements made by the World Health Organization following their inspection of Bharat Biotech International Limited's manufacturing facility. We will work with the FDA to address any questions.
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ENZ | Hot Stocks08:43 EDT Enzo Biochem reports results of Annual Meeting of Shareholders - Enzo Biochem announced the approval of all proposals presented at its most recent Annual Meeting of Shareholders. "Approval of these proposals improves our corporate governance and allows our refreshed leadership team to further prioritize shareholder-friendly initiatives," stated Hamid Erfanian, Chief Executive Officer of Enzo. "The positive outcome of the meeting also reflects management's commitment to building long-term shareholder value and executing on our stated objectives. I would like to thank our shareholders for the critical role they played in achieving this outcome as well as their continued support." Summary of the 2022 Annual Shareholder Meeting Proposals: Proposal One - de-classify board structure, market standard vote requirements for various shareholder approvals, and a simplified accounting period and corporate purpose: each sub-proposal received the affirmative vote of the holders of approximately 99% of the voted shares and 80% of the outstanding votes. Proposal Two - the election of directors: received the affirmative vote of the holders of 98% of the voted shares and 73% of the outstanding votes. Proposal Three - the advisory vote to approve the compensation of our named executive officers: received the affirmative vote of the holders of 71% of the voted shares and 51% of the outstanding votes. Proposal Four - the ratification of the Company's public accounting firm: received the affirmative vote of the holders of 99% of the voted shares and 88% of the outstanding votes.
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ACER RLFTF | Hot Stocks08:43 EDT Acer Therapeutics, Relief announces presentation of ACER-001 data - Acer Therapeutics (ACER) and its collaboration partner, Relief Therapeutics (RLFTF), announced the presentation of data evaluating the bioavailability, bioequivalence and taste attributes of taste-masked sodium phenylbutyrate, ACER-001, compared to sodium phenylbutyrate powder during poster sessions at the recent Society for Inherited Metabolic Disorders, SIMD, Annual Meeting on April 10-13, 2022. "We are highly encouraged by the results of these bioavailability, bioequivalence and taste attribute studies of ACER-001," added Raghuram Selvaraju, Chairman of Relief. "We look forward to the U.S. Food and Drug Administration's decision on the Prescription Drug User Fee Act target action date on June 5, 2022."
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DTSS | Hot Stocks08:42 EDT Datasea announces new collaborations to expand distribution - Datasea announced that it has entered into separate non-binding one-year business cooperation agreements with Shen Zhen New Route Network Technology and QueTal Compra, respectively, which Datasea believes will help it create synergies on promotion, sales, business development, branding, and localization, aiming to bolster Datasea's participation in North and South America. "We are pleased to have the opportunity to broaden our scale, reach and capabilities in the critical markets for oversea customers in North and South Americas. Datasea is also another step closer to the goal, which is to eventually expand into the oversea market as a strategic global anchor and eventually establish a subsidiary and eventually establish a research center in the US." said Zhixin Liu, the CEO of Datasea, " Datasea is constantly looking towards the future to empower our customers as well as today's broader marketplace with high-quality products. In order to display this commitment, we'll consistently look to work with key businesses, in an effort to offer the best-in-class solutions in 5G messaging, acoustic intelligence and smart city."
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XELA | Hot Stocks08:42 EDT Exela Technologies adds mobile to suite of payment solutions with global bank - Exela Technologies announced Exela has expanded its 30-year relationship with a tier one global bank by adding mobile payment processing. Our customer currently uses Exela for payments, fraud detection and mortgage processing. This multi-year XBP contract will be included in ITPS, Exela's largest reporting segment. Exela's exchange for bills and payment solutions can be deployed to bridge the gap between traditional and digital banking providing choice and scale. The mobile solution will fully manage mobile payments conforming to rules and best practices from Pay.UK, the UK's primary payments body.
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BTTR | Hot Stocks08:41 EDT Better Choice Company announces Halo Elevate on shelves at Pet Supplies Plus - Better Choice Company announced that its new Halo Elevate brand is officially on shelf at Pet Supplies Plus, the third-largest pet specialty retailer in the United States. Pet Supplies Plus operates more than 600 locations across the United States and has a presence in 36 states and counting.
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GNSS | Hot Stocks08:40 EDT Genasys initiates shipments of new LRAD 950NXT - Genasys announced the first shipments of its LRAD 950NXT, the Company's most advanced integrated communication, surveillance, security, and response system to date. "The world is becoming more dangerous as geo-political turmoil, regional conflicts, and infrastructure disruptions are increasing in intensity and frequency," said Richard Danforth, Chief Executive Officer of Genasys. "The 950NXT utilizes our proprietary technology to identify and interact with potential threats from a safe distance to provide defense forces and security personnel more time and information to accurately assess situations and appropriately scale responses. $1.8 million in previously announced LRAD 950RXL orders received from the French Navy instigated the development of our next generation 950NXT," continued Danforth. "In addition to the French Navy's order change to 950NXT systems, the Spanish Navy placed a $1.4 million 950NXT order last month." Danforth added, "We're experiencing strong interest and order demand for our newest, most advanced LRAD system. Along with the naval forces orders from France and Spain, order commitments for super-yachts, and from critical infrastructure facilities, including ports, utilities, and dams have also been received."
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LIXT | Hot Stocks08:39 EDT Lixte Biotechnology announces preclinical results on study of LB-100 - LIXTE Biotechnology announces that Professor Rene Bernards, Netherlands Cancer Institute, NKI, Amsterdam, presented new data from promising drug combinations of LIXTE's lead clinical cancer compound, LB-100, at the Annual Meeting of American Association for Cancer Research, AACR, in New Orleans, LA, on Monday, April 11, 2022. In brief, LIXTE's first-in-class lead clinical compound and protein phosphatase 2A inhibitor, LB-100, induces further activation of oncogenic signaling in a number of KRAS-mutant cancers, rendering them particularly vulnerable to anti-cancer therapy. Professor Bernards discussed his paradoxical approach to developing more effective cancer therapies. The initial studies, done in collaboration with LIXTE, reveal that the vigorous activation of several oncogenic signaling pathways by LB-100 is associated with marked increases in DNA damage and mitotic stress. CRISPR-based genetic screening and screening of selected investigational compounds both showed that LB-100 is synthetically lethal in combination with inhibitors of the mitotic entry kinase WEE1.
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CACI | Hot Stocks08:39 EDT CACI gets $258M task order from defense agencies initiative program office - CACI International was awarded a task order worth $258M to expand its enterprise technology support and continue modernization efforts to the Defense Agencies Initiative, DAI, program office's financial management and end-to-end business processes. Awarded under the Defense Logistics Agency's J6 Enterprise Technology Services indefinite delivery, indefinite quantity contract, the task order continues CACI's current enterprise technology support to modernize Department of Defense business systems, ensuring DoD agencies participating in DAI meet evolving business, technology, security, and control requirements. The company will support DAI's process areas, including acquire to retire , cost accounting , user management , time and labor , procure to pay , budget to report , budget formulation, order to cash , proposal to reward , governance, risk, and compliance , and resale accounting. CACI will also advance and improve DAI's processes and procedures with the latest technologies to offer software and DevSecOps at-scale throughout the enterprise. John Mengucci, CACI President and Chief Executive Officer, said, "As a trusted partner, CACI has worked in lock-step with DAI to bring the best technologies at scale to improve business processes for the DoD agencies and United States Marine Corps (USMC) they represent. CACI specializes in providing distinctive enterprise resource planning tools to transform how U.S. Government works, ultimately reducing technical debt and saving time, cost, and resources spent on future technology investments."
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BTN | Hot Stocks08:38 EDT Strong Studios acquires rights to produce 'The Tank Job; - Ballantyne Strong announced that Strong Studios, a subsidiary of the Company's Strong Entertainment segment, acquired the rights and screenplay to its first original feature film, "The Tank Job," a true-life crime drama adapted from Norman Miller's book, The Great Salad Oil Swindle. "The Tank Job" tells the true story of ex-butcher turned salad oil exporter Anthony "Tino" DeAngelis and his Bayonne, New Jersey blue collar crew as they conned and swindled, nearly destroyed American Express and eventually crashed Wall Street in their con to corner the market on salad oil futures in the early 1960s.
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SF PX | Hot Stocks08:37 EDT Stifel, Eaton Partners team with RCP Advisors to launch Twelve Degrees - Stifel Financial (SF), Eaton Partners, a Stifel Company, and RCP Advisors, a subsidiary of P10 (PX), announced the launch of Twelve Degrees, a strategic partnership focused on investing in and providing capital solutions to leading emerging and first-time alternative investment fund managers. Twelve Degrees will combine Eaton's capabilities as one of the largest global placement agents and financial advisory firms with RCP's access to lower-middle-market private equity fund managers. Twelve Degrees will provide flexible capital solutions, strategic advice, back-office infrastructure, access to broader Stifel banking services, and global distribution, capital formation, and marketing capabilities designed to help emerging and first-time managers build and scale their businesses. These services will be provided in exchange for GP-level economics. Using a selective, data-driven, and long-term approach, the partnership will use institutional best practices and sourcing channels across both firms.
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EMAN | Hot Stocks08:37 EDT eMagin awarded four patents for direct patterning OLED microdisplay technology - eMagin Corporation announced it has been awarded four additional patents by the U.S. Patent and Trademark Office for the Company's Direct Patterning Display technology. The patents relate to the creation of high-resolution displays with unique pixel structures and proprietary fabrication methods, and bring to 21 the Company's total number of foundational, dPd-related patents and utility applications for OLED patterning, processes and equipment. The four patents relate to the physical deposition of organic semiconductor materials on a substrate with very high resolution and precision for microdisplay applications. eMagin's dPd technology enables the direct patterning of primary RGB color OLED emitters to enhance light output at ultra-high resolutions. Direct patterning also allows for the use of highly efficient phosphorescent emitters, leading to a significant increase in brightness. Through the use of tandem architecture and other enhancement techniques that are typically used in white OLED with color filters, eMagin can further scale the brightness of its OLED microdisplays.
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PSNL | Hot Stocks08:36 EDT Personalis issued U.S. patent related to MRD platform NeXT Personal - Personalis announced the issuance of a U.S. Patent related to its minimal residual disease, or MRD, and recurrence platform, NeXT Personal. The patent, U.S. Patent No. 11,299,783, entitled "Methods and Systems for Genetic Analysis," was issued on April 12. The '783 patent claims novel methods for a partially personalized assay, combining both tumor-informed and prespecified content. Tumor-informed methods can provide high sensitivity for detection of MRD. They can also support tracking of variants specific to an individual patient's cancer, such as those targeted by specific therapies or which are thought to elicit an immune response. Prespecified, tumor-naive content can include variants not detected on initial sequencing of a tumor, but which may emerge and confer drug resistance as a tumor evolves. It can also include driver mutations of a second primary tumor, which may arise independently during the course of the initial cancer. The '783 patent is a member of a patent family that broadly describes Personalis' foundational work relating to the development of personalized assays for disease identification and tracking.
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FSLR | Hot Stocks08:35 EDT First Solar, Silicon Ranch expand partnership with 4 GW supply agreement - First Solar announced that it has signed a master supply agreement to supply 4 gigawatts DC of advanced, responsibly-produced thin film photovoltaic solar modules to Silicon Ranch, one of the nation's largest independent power producers. The deal, one of First Solar's largest, will see Silicon Ranch's projects in the United States receive modules from 2023 to 2025. Silicon Ranch will benefit from the evolution of First Solar's advanced Cadmium Telluride thin film module technology platform over the span of the agreement. This significant agreement represents the latest milestone in the relationship between two best-in-class solar businesses, advancing the US energy transition while supporting American solar manufacturing growth. The growing strategic partnership began in 2015 when Silicon Ranch contracted with First Solar to supply the modules for its Aerojet Rocketdyne Solar Farm in Arkansas, the state's first utility-scale solar project. The partnership between these industry leaders has grown substantially across the US since then, with over 30 projects totaling more than 1 GW.
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NEM | Hot Stocks08:35 EDT Newmont to buy remaining 5% interest in Yanacocha from Sumitomo for $48M - Newmont Corporation has announced that it will acquire the remaining 5% interest in Yanacocha from Sumitomo Corporation for $48M. The transaction is expected to close in the second quarter, making Newmont the exclusive owner-operator of this world-class asset. This announcement follows an announcement in February 2022, in which Newmont acquired Buenaventura's 43.65% interest in Minera Yanacocha. "This transaction gives Newmont full equity ownership of the Yanacocha district where we are positioning the Sulfides project for profitable production and value generation for decades to come. We have deep knowledge of the asset and the value it brings to Newmont stakeholders," said Newmont President and CEO Tom Palmer. "We are committed to continuing to be a catalyst for sustainable development in Peru and look forward to continuing to work closely with communities in the Cajamarca region and the Peruvian government." The acquisition of the Buenaventura and Sumitomo ownership positions is consistent with Newmont's district consolidation strategy. Newmont continues to advance the Sulfides project, which is progressing toward a full-funds decision later this year. The Sulfides project will increase Newmont's copper production, supporting the transition to a green economy, and will extend mine life for decades to come," noted the statement.
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CLRB... | Hot Stocks08:35 EDT Cellectar Biosciences announces two commercial team appointments - Cellectar Biosciences (CLRB) announced the appointment of Matthew Hagan as vice president, marketing and strategic alliances and David Lasecki as executive director, strategic alliances. Matthew Hagan joins Cellectar from Bristol Myers Squibb (BMY) where he was executive director, hematology portfolio marketing. David Lasecki joins Cellectar from Heron Therapeutics (HRTX), where he served as senior director, oncology sales and was responsible for sales management and oversight of key customer relationships.
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IMCC | Hot Stocks08:34 EDT IM Cannabis' CEO and founder acquires 150.000 common shares of the company - Oren Shuster, CEO, director and founder of IM Cannabis announces that he has acquired an aggregate of 150,000 common shares in the capital of IMCC in a series of open market transactions between April 5 and 8 through the facilities of the Nasdaq Capital Market. Shuster acquired the Common Shares at an average price of $2.238 per Common Share for an aggregate purchase price of $335,731.60. Immediately prior to the Acquisition, Shuster held beneficial ownership of, or control or direction over, 9,135,137 Common Shares, representing 13.11% of the issued and outstanding Common Shares on a non-diluted basis and 14.71% of the Common Shares on a partially diluted basis. As a result of the Acquisition, Shuster now holds beneficial ownership of, or control or direction over, an aggregate of 9,285,137 Common Shares, representing approximately 13.32% of the issued and outstanding Common Shares on a non-diluted basis and 14.93% of the Common Shares on a partially diluted basis.
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PBLA | Hot Stocks08:34 EDT Panbela Therapeutics announces poster presentation on SBP-101 - Panbela Therapeutics announces a poster presentation highlighting the results for SBP-101 as a polyamine metabolism modulator in ovarian cancer at the American Association for Cancer Research, taking place April 8-13, 2022. The work reflects the Company's ongoing collaboration with Johns Hopkins University School of Medicine. The poster highlights the role of naturally occurring polyamines, putrescine, spermidine and spermine, as essential for cellular growth and proliferation. As such, many cancers are reliant on elevated polyamine levels that are maintained through dysregulated polyamine metabolism. Polyamine metabolism is thus a promising target for cancer therapeutics, and modulation of polyamine metabolism has been attempted with numerous enzyme inhibitors and polyamine analogues. SBP-101 is a novel spermine analogue that has shown efficacy in slowing pancreatic tumor progression both in vitro and in vivo. This study determined the effect of SBP-101 treatment on polyamine metabolism in a variety of cancer cell types in vitro including lung, ovarian, prostate, pancreatic and breast. In addition, the activity of four enzymes involved in the polyamine pathway following treatment with either SBP-101 or the well-characterized spermine analogue, BENSpm was evaluated. These results indicate that SBP-101 likely exerts its effects predominately through decreased polyamine biosynthesis with minor upregulation of catabolism, in contrast to the structurally similar BENSpm where the increase in polyamine catabolism is the predominant response. The efficacy of SBP-101 utilizing the VDID8+ murine ovarian cancer model was evaluated. The mice were treated with SBP-101 at either 24 mg/kg or 6 mg/kg alternating MWF. Both doses of SBP-101 produced a statistically significant prolongation of survival. There was no significant difference in response between the two SBP-101 doses. The prolonged survival was correlated with a delay in the production of ascites, the indication of tumor burden in this model. Additionally, when SBP-101 treated mice succumbed to the disease, their overall tumor burden was lower when compared to control mice. The poster concludes that the treatment of C57Bl/6 mice injected with VDID8+ ovarian cancer with SBP-101 significantly prolonged survival and decreased overall tumor burden. Future studies will be designed to evaluate the effects of SBP-101 in combination with other polyamine metabolism modulators as well as with immune modulators.
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IONM | Hot Stocks08:33 EDT Assure Holdings announces new partnership with Yankee Alliance - Assure Holdings announced a new partnership with Yankee Alliance, a member-driven healthcare group purchasing organization. This partnership will enable Yankee Alliance members to take advantage of pricing and terms pre-negotiated by Yankee Alliance for Assure's Joint Commission accredited IONM services. "We are honored to have been selected to partner with Yankee Alliance and share their objectives of financial, clinical, and operational effectiveness for surgeons and hospitals," said John Farlinger, Assure's executive chairman and CEO. "Assure is looking forward to delivering industry-leading intraoperative neuromonitoring and remote neurology services to Yankee Alliance clients."
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UPH | Hot Stocks08:32 EDT UpHealth announces CEO transition plan - UpHealth announced that the company is conducting a search for a new CEO. Ramesh Balakrishnan will continue in his role and work with the Board of Directors to ensure a smooth transition until the new CEO takes over. Avi Katz, co-chairman of the board of directors of UpHealth, said, "The time is right for a new leader at UpHealth. Since UpHealth's IPO last June, we've worked to integrate the six companies that merged to form UpHealth. That work is, essentially, complete, and we're ready to move to our next phase of growth to deliver against our mission to impact healthcare globally." The search for a new CEO for the company is well underway and a short list of qualified healthcare executives has emerged, Katz said. The company expects to announce a new CEO in the coming weeks.
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IOBT MRK | Hot Stocks08:32 EDT IO Biotech announces initiation of Phase 2 IOB-022 / KN-D38 trial - IO Biotech (IOBT) announced that it has dosed the first patient, in metastatic non-small cell lung cancer, NSCLC, in its Phase 2 IOB-022 / KN-D38 trial. The IOB-022 / KN-D38 trial seeks to evaluate IO Biotech's lead candidate, IO102-IO103, in combination with KEYTRUDA, Merck's (MKR) anti-PD-1 therapy, in previously untreated patients with three different tumor types in the first line setting -NSCLC, squamous cell carcinoma of the head and neck, and urothelial bladder cancer. "Initiating this study with IO102-IO103 further progresses our late-stage development program," said Mai-Britt Zocca, PhD, President and CEO of IO Biotech. "We believe IO102-IO103 has the potential to show utility for multiple cancer indications. We look forward to expanding our dataset in these additional indications."
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TROW | Hot Stocks08:32 EDT T. Rowe Price reports preliminary AUM $1.55T at March 31 - Client transfers from mutual funds to other portfolios, including trusts and separate accounts, were $0.5B in March and $4.1B for the quarter ended March 31. These client transfers include $0.5B and $3.3B, respectively, transferred to the target date retirement trusts during March and the quarter-to-date period.
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HEXO TLRY | Hot Stocks08:31 EDT HEXO, Tilray enter agreement for strategic alliance - HEXO Corp. (HEXO) announced that the Company has taken a significant step forward in executing on its strategic plan - The Path Forward - by entering into definitive agreements with Tilray Brands, Inc. (TLRY), as well as entering into a definitive equity purchase agreement (with an affiliate of KAOS Capital, further to the Company's press release of March 3, 2022. Closing of the transaction with Tilray Brands and the Standby Agreement is expected to occur by the end of May 2022, subject to the satisfaction or waiver of closing conditions. The definitive agreements with Tilray Brands solidify the strategic partnership between HEXO and Tilray Brands and, on closing, will provide HEXO with a recapitalized balance sheet and the enhanced financial flexibility critical to accelerating its transformation into a cash flow positive business within the next four quarters. The terms of the transaction are set out in a transaction agreement entered into among HEXO, Tilray Brands and HT Investments MA providing for the amendment to the terms of the outstanding senior secured convertible note originally issued by HEXO to HTI and the execution of an amended and restated Note with HTI that will be immediately thereafter assigned to Tilray Brands pursuant to the terms of an assignment and assumption agreement. HEXO and Tilray Brands have also committed to work together to evaluate cost saving synergies as well as other production efficiencies and to set out the terms of such arrangements in certain commercial agreements to be entered into upon the closing of the Transaction. The Commercial Agreements are expected to create significant efficiencies, with a target combined cost savings of up to $80 million within two years to be shared equally between the two companies. The Standby Agreement with KAOS Capital permits HEXO to demand that the Standby Party subscribe for an aggregate of C$5 million of common shares in the capital of HEXO per month over a period of 36 months for aggregate proceeds of up to C$180 million over the term of the Standby Agreement. Under the terms of the Transaction Agreement, Tilray Brands has agreed to acquire 100% of the remaining outstanding principal balance, currently US$193 million, of the Amended Note originally issued by HEXO to HTI, subject to certain conditions described below. As consideration for Tilray Brands' purchase of the Amended Note, Tilray Brands will pay HTI 95% of the principal for the Amended Note that will be outstanding at closing. Until closing, HTI may continue to redeem the Note pursuant to its terms, however in no event shall the principal of the Amended Note be less than US$160 million prior to the closing of the Transaction. As consideration for the Amended Note, HEXO will issue to HTI a number of Common Shares equal to 12% of the outstanding principal of the Amended Note as at the closing, divided by US$0.54. In the event this would result in HTI owning more than 9.99% of HEXO's Common Shares as of the closing, the Company will issue a number of rights exercisable for Common Shares equal to the difference between the number of Common Shares that would have been issued but for the Blocker Threshold and the number of Common Shares actually issued. The Transaction Agreement provides for, among other things, HEXO's right to consider, between the date of signature and closing, a proposal that is superior to the Transaction in certain circumstances and a right in favour of Tilray Brands to match any such superior proposal. The Transaction Agreement also provides for the payment by HEXO to Tilray Brands of a termination fee in certain circumstances. In addition, the Transaction Agreement provides that, under certain circumstances, where the Transaction is not completed because of the failure of HEXO to obtain the approval of its shareholders for the Transaction, HEXO would be required to reimburse Tilray Brands' expenses up to US$3,000,000. The Transaction Agreement also provides that Tilray Brands will have the right to nominate one director to HEXO's board of directors as well as one board observer for so long as Tilray Brands holds at least 1% of HEXO's Common Shares. Among the various amendments to be made to the Note, the maturity date will be extended by three years to May 1, 2026, providing HEXO with significantly greater financial runway. The Amended Note will bear interest during the term at a rate of 5% per year. During the first year, interest will be payable in cash and during the second to fourth years of the term, the interest can, at HEXO's discretion, be added to the principal amount of the Amended Note if HEXO meets certain liquidity conditions. The initial conversion price will be C$0.85, which, as of April 12, 2022, implies that Tilray Brands would have the right to convert the Amended Note into approximately 37% of the outstanding Common Shares of HEXO not including other equity issuances associated with the Transaction at closing. The Purchase Price will be satisfied in cash, common shares of Tilray Brands, or a combination thereof. The closing of the Transaction is subject to the satisfaction of a number of conditions, including:receipt of approvals from the Toronto Stock Exchange and the Nasdaq Stock Market; receipt of shareholder approval from the HEXO shareholders; no material adverse effect having occurred in respect of HEXO; and receipt of all consents and approvals required by any regulatory authorities, including from the Competition Bureau.
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OCG | Hot Stocks08:30 EDT Oriental Culture Holding to entry into the metaverse sector - Oriental Culture Holding announced its entry into the metaverse sector. Jiangsu Yanggu Culture Development, the operating variable interest entity of the Company, has signed a Capital Increase Investment Agreement with Noble Family New Retail, Beijing Wen Jiao Technology and two investors to acquire shares and increase capital of Beijing Jiu Yu Ling Jing Technology. Pursuant to the Agreement, Yanggu will acquire 11.875% equity interest of JYLJ through a cash contribution of RMB 6M, or approximately $923,076, and providing certain internet development resources and technical support to JYLJ. Noble Family and BJWJ, the existing shareholders of JYLJ and two new investors will also make contributions in cash for an aggregate of RMB44M, or approximately $6.77M, and certain initial work and business resources to JYJL. After this capital increase, Yanggu will become the third largest shareholder of JYLJ.
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LAX | Hot Stocks08:30 EDT 8i Acquisition 2 Corp trading resumes
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KIDS | Hot Stocks08:24 EDT OrthoPediatrics spotlights ApiFix technology at IMAST - OrthoPediatrics showcased the ApiFix System, at the 2022 International Meeting on Advanced Spine Techniques held in Miami, Florida April 6-9, 2022. Over the course of the event, the Company also highlighted the unique benefits of its RESPONSE Scoliosis System, FIREFLY Pedicle Screw Navigation Guides, and 7-D Image Guided Surgery technology. During the conference the Company conducted a hands-on workshop on its ApiFix procedure, a technology which offers a non-fusion alternative to adolescent idiopathic scoliosis surgery. The workshop, led by Dr. Geoff Haft, MD and IMAST faculty Dr. Ron El-Hawary, MD allowed participants to discuss their questions about AIS and treatment options directly with their peers.
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NAUT SLGC | Hot Stocks08:24 EDT Nautilus appoints Weld as CPO, Wilcox as VP of Affinity Reagent Development - Nautilus Biotechnology (NAUT) announced the appointments of Gwen Weld as Chief People Officer, CPO, and Sheri Wilcox, Ph.D., as Vice President, VP, of Affinity Reagent Development. Gwen Weld brings to Nautilus more than 25 years of senior leadership in human resources, organizational culture, and business strategy. Immediately prior to joining the company, Weld served as Interim Chief People Officer at Amperity. Sheri Wilcox, Ph.D., joins Nautilus from SomaLogic (SLGC) and most recently served as Senior Director of Global Scientific Engagement.
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COCO | Hot Stocks08:21 EDT Vita Coco releases first annual Impact Report - The Vita Coco released its first-ever annual Impact Report. The report covers the results of the company's sustainable and social impact programming from 2020-2021 and includes the company's ambition to map its coconut carbon footprint, from the farm all the way to retail and product disposal, by the end of 2022. The Impact Report details three pillars which together form the company's Environmental, Social and Governance framework. "They include protecting the planet's natural resources, championing health and wellness in society, and building thriving communities within the company's grower network and beyond," the company said. The report also details the work of The Vita Coco Project. Since its inception, The Vita Coco Project has: Built 30 classrooms in communities where the company sources coconuts and other materials; Planted more than 69,000 seedlings to replace aging trees and promote biodiversity; and Trained 7,000 farmers in regenerative and agronomic best practices
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GPRE | Hot Stocks08:21 EDT Green Plains releases 2021 sustainability report - Green Plains released its 2021 Sustainability Report, outlining environmental, social and governance priorities, progress and targets. Specifically, the report highlights the significant progress already achieved toward Green Plains' commitment to carbon neutrality in operational emissions by 2050, enhanced governance practices, enhanced diversity in workforce recruitment practices and expanded safety best practices. Notably, the company conducted a comprehensive materiality assessment in conjunction with the report, to ensure alignment with stakeholder ESG priority areas. "The materiality assessment included in our second sustainability report highlights our dedication to the elements of ESG that are highest priorities to our key internal and external stakeholders," said Todd Becker, President and Chief Executive Officer. "Customers, employees and investors want to know that we are focused on producing low-carbon ingredients, reducing our overall environmental footprint and providing a safe work environment. With each year's sustainability report, our ESG focus will continually evolve with increasing transparency and accountability." The following achievements and enhancements are outlined in the 2021 report: 35% reduction in operational emissions from 2018 baseline; 24% decrease in OSHA Total Recordable Incident Rate from 2020; Alignment with the Task Force on Climate-related Financial Disclosures; Increased focus on natural capital, biodiversity and land stewardship.
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TGT | Hot Stocks08:20 EDT Target director sells $6.07M in common stock - In a regulatory filing last night, Target disclosed that its Chief Legal & Risk Officer Don Liu sold 27.2K shares of common stock on April 8th in a total transaction size of $6.07M.
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QSAM | Hot Stocks08:20 EDT QSAM Biosciences receives Japanese patent for CycloSam - QSAM Biosciences announced that the Japan Patent Office has granted a key patent that protects the use of "lower specific activity" Samarium-153 in conjunction with the treatment of bone cancer in children and adults. This patent covers within the Japanese market the "high purity therapeutic bone agents" technology exclusively licensed to QSAM on a worldwide basis, and relates to the novel manner in which the Samarium-153 used in CycloSam is produced. That process reduces long-lived impurities -- namely Europium-154 -- which may allow for higher and multiple dosing regimens in the treatment of different types of bone cancer, including cancer that has metastasized from the lung, breast or prostate. Those types of metastasized bone cancer are the subject of QSAM's current FDA-cleared Phase 1 clinical trial, which has already begun recruiting and screening patients. Management believes that multi-dosing regimens may be the key to CycloSam being able to successfully treat bone tumors, and is advancing it clinical trials toward that goal.
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DARE | Hot Stocks08:20 EDT Dare Bioscience imitates Phase 1/2 clinical study of DARE-HRT1 - Dare Bioscience announced the initiation of a Phase 1/2 clinical study of DARE-HRT1. DARE-HRT1 is a novel intravaginal ring, IVR, designed to deliver bio-identical 17beta-estradiol and bio-identical progesterone continuously over a 28-day period as part of a hormone therapy regimen to treat the vasomotor symptoms and genitourinary syndrome associated with menopause. The open-label Phase 1/2 study that has been initiated will evaluate the PK of the same two dose versions of DARE-HRT1 in approximately 20 healthy, post-menopausal women over approximately three consecutive months of use. The study will also collect safety, usability, acceptability and symptom-relief data. "For some women, hormone therapy is a highly effective treatment for the symptoms associated with menopause, such as hot flashes and vaginal dryness, and may also prevent bone loss and fracture," said Sabrina Martucci Johnson, President and CEO of Dare Bioscience. "The delivery of hormone therapy over 28 consecutive days with no daily intervention supports DARE-HRT1's potential to be a first-in-category option offering ease-of-use and consistent dosing to women suffering from menopausal symptoms. There are currently no FDA-approved products that continuously deliver hormone therapy with both estradiol and progesterone together over multiple consecutive weeks."
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MDWD | Hot Stocks08:19 EDT MediWound's EscharEx highlighted in presentation at SAWC Spring 2022 - MediWound announced that clinical data from the Company's EscharEx phase 2 trials was highlighted in a poster and oral presentation at the 35th Symposium on Advanced Wound Care Spring Conference. The abstract poster was one of ten posters, out of the 235 posters presented, to be selected for certificate and featured during the Poster Grand Rounds session of the SAWC spring conference. The poster entitled: "Results from an Ongoing Open Phase 2 Study Assessing the Safety, Efficacy and Pharmacological Effects of Bromelain-based Enzymatic Debridement on Biofilm, Microbial loads and Cytokines in patients with DFU and VLU," featured data from an ongoing Phase 2 study that showed EscharEx to debride wounds and promote wound area reduction, while reducing biofilm and bacterial bioburden safely and effectively. EscharEx was also featured in an oral presentation entitled: "Introduction to EscharEx: An Innovative Enzymatic Solution for the Debridement of Hard to Heal Wounds," during an educational symposium, where several key opinion leaders highlighted the importance of debridement in wound management and the unmet medical need. They also covered the efficacy and safety data from the Company's two well controlled clinical studies in patients with venous leg ulcers and diabetic foot ulcers, in addition to a case series from a clinical phase 2 pharmacology study demonstrating EscharEx's fast and effective debriding activity accompanied with reduction in biofilm and bacterial load.
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AQST | Hot Stocks08:18 EDT Aquestive Therapeutics reports data from Part 2 of EPIPHAST trial of AQST-109 - Aquestive Therapeutics announced positive topline results from Part 2 of the EPIPHAST study for its AQST-109 epinephrine oral film. Utilizing a replicate crossover design, Part 2 confirmed in a larger population of 24 healthy subjects the key pharmacokinetic and pharmacodynamic measures observed in the initial development phases of the EPIPHAST study. The results were aligned with previous positive results reported for AQST-109, and the product candidate was well tolerated with no serious adverse events. AQST-109 12 mg showed rapid absorption with favorable pharmacokinetics across a variety of key metrics. The median time to maximum concentration was observed to be 15 minutes for AQST-109, compared to 50 minutes for the epinephrine 0.3mg intra-muscular injection. In addition to positive pharmacokinetic results, AQST-109 demonstrated favorable pharmacodynamic effects on systolic blood pressure, diastolic blood pressure, and heart rate. "The positive results we are reporting today demonstrate the continued performance of AQST-109, the first and only orally delivered epinephrine product candidate, which represents, if approved by the FDA, a potential paradigm shift in the management of severe allergies, including anaphylaxis. We again showed pharmacokinetic results for AQST-109 that demonstrate delivery of epinephrine with the speed and absorption necessary for a rescue product," said Keith Kendall, Chief Executive Officer of Aquestive. "With so many patients not benefiting from a rescue medicine due to a variety of reasons, from needle phobia to delayed administration, an epinephrine oral film like AQST-109 would provide patients with a rescue medication where they need it, when they need it, and in a form they prefer." Aquestive plans to commence Part 3 of the EPIPHAST study in April 2022 and expects to complete the EPIPHAST study by the end of the second quarter of 2022.
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CLBS | Hot Stocks08:18 EDT Caladrius treats first patient in Phase 1b trial of CLBS201 - Caladrius Biosciences announced that the first patient has been treated in its Phase 1b open-label, proof-of-concept study of CLBS201 for the treatment of diabetic kidney disease at the Clinical Advancement Center in San Antonio, Texas. CLBS201 is an investigational autologous CD34+ cell therapy product for administration directly into the renal artery to reverse or slow the decline of renal function in diabetic patients with rapidly progressive chronic kidney disease.
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HEAR | Hot Stocks08:16 EDT Donerail with board nominee Jimenez make statement on Turtle Beach efforts - The Donerail Group which collectively with the other participants in its solicitation beneficially owns approximately 8.3% of the outstanding shares of Turtle Beach Corporation issued the below statement: "While Donerail is no longer focused on an acquisition of Turtle Beach, we believe the Company has attempted to distort the historical interactions between the parties. As such, we feel compelled to clarify certain aspects of our prior interactions. Since Donerail's initial acquisition proposal in April 2021, we have tried to work collaboratively with the Company and its advisors at Bank of America to provide clarity regarding our acquisition financing capabilities. Given Donerail's acquisition proposal required significant co-investment equity capital, we understood the Board of Directors' desire for information concerning our financing capabilities and co-investment capital raising experience...next step toward arranging co-investment capital for the $36.50 per share bid that the Board rejected as inadequate. That is why our interactions never progressed any further. Turtle Beach shares now sit nearly 50% below the acquisition offer that the Board rejected...Terry Jimenez, Former CEO and Board Member of Tribune Publishing and one of Donerail's independent candidates for election to the Board at the 2022 Annual Meeting of Shareholders released the following statement: Having served as both Chief Financial Officer and, later, Chief Executive Officer, for Tribune, a Chicago-based media company that was taken private in 2021, during a time of intense competitive pressure, we at leadership had a constant focus on strategic initiatives that could potentially create value for our stakeholders..Given the lack of value creation that has occurred at Turtle Beach since this management team was installed over eight years ago - even though the video game market has boomed - and the fact that management's recent operating performance and forward guidance have been disappointing in nature, I was surprised that the current Board of Turtle Beach so quickly and unduly rejected Donerail's acquisition proposals."
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CDXS | Hot Stocks08:16 EDT Codexis, Molecular Assemblies announce results of first collaboration - Codexis and Molecular Assemblies announced an update on their partnership to engineer enzymes to deliver differentiated solutions for the enzymatic synthesis of DNA. Using a highly evolved DNA polymerase, developed by Codexis, to enable its Fully Enzymatic Synthesis technology, select companies and institutions will be able to access a Key Customer Program that is slated to begin later this year. The Fully Enzymatic Synthesis technology developed by Molecular Assemblies employs a template-independent DNA polymerase, terminal deoxynucleotidyl transferase, which has the ability to synthesize much longer DNA sequences with fewer errors in an aqueous solution. Naturally occurring TdT has many limitations to commercial use. In order to accelerate innovation for the field, Molecular Assemblies and Codexis partnered in 2020 to engineer an enzyme to deliver differentiated and cost-effective solutions for the fully enzymatic synthesis of DNA. John Nicols, Codexis' President and CEO, said, "The successful completion of this first collaboration with Molecular Assemblies has resulted in a highly evolved version of TdT polymerase that delivers unparalleled coupling efficiency and speed at elevated temperatures. We believe the ability to exclusively deploy this proprietary enzyme will significantly differentiate Molecular Assemblies' Fully Enzymatic Synthesis technology from not only other emerging players but also the current industry-standard phosphoramidite chemistry method."
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CLCMF | Hot Stocks08:16 EDT Mailgun by Sinch announces InboxReady on Salesforce AppExchange - Mailgun, a Sinch company, announced that InboxReady by Sinch is now an available integration for users to purchase on Salesforce AppExchange. InboxReady by Sinch is a deliverability platform integrated with Salesforce Marketing Cloud that empowers users with the data they need to quickly identify and correct email deliverability issues. With this offering, users can now complete the process of email campaigns with seed testing, email verification, and utilize in-depth email analytics to ensure that emails land in the inbox. InboxReady is a platform with enhanced analytics. InboxReady is powered by reliable data and deep expertise sending 300 billion emails a year, helping users maximize email delivery rates and optimize the performance of email programs.
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TOST | Hot Stocks08:16 EDT Toast and eCard expand partnership - eCard Systems announced an expanded partnership with Toast. eCard Systems originally partnered with Toast in 2019 for online gift card and merchandise ordering and manufacturing services. The new integration adds access to eCard's digital, online and physical gift card transaction processing and program management
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EDAP | Hot Stocks08:15 EDT EDAP TMS sells three Focal One machines in Q1 - EDAP TMS provided an update on recent Focal One placements at select customer sites in the U.S. During the first quarter 2022, the company sold three Focal One machines. Notably, all three occurred at prestigious academic and integrated health network reference centers, including: New York-Presbyterian/Weill Cornell Medical Center, Beth Israel Deaconess Lahey Health, an affiliate of Harvard Medical School, and University of California Davis Medical Center in Sacramento. UC Davis represents the company's fourth placement within the University of California Health System, following earlier placements at UC San Francisco, UC Irvine and UC San Diego. In addition, the Company announced the sale of five ExactVu micro-ultrasound systems in the US during the first quarter.
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COCP | Hot Stocks08:13 EDT Cocrystal reports preliminary data from Phase 1 initial cohorts with CC-42344 - Cocrystal Pharma reported preliminary results of a Phase 1 study with CC-42344, demonstrating a favorable safety and pharmacokinetic profile. CC-42344 is a broad-spectrum oral antiviral for the treatment of pandemic and seasonal influenza A with a novel mechanism of action. The ongoing Phase 1 clinical trial plans to enroll 56 healthy adults. Results from the first two single-ascending dose 100 mg and 200 mg cohorts showed a favorable pharmacokinetic profile of CC-42344. To date, CC-42344, has demonstrated excellent oral bioavailability, dose-dependent plasma exposures, and a half-life supportive of oral daily dosing. The Phase 1 study is designed to evaluate CC-42344 administered in single-ascending and multiple-ascending doses. Cocrystal expects to report full results from the study in 2022. "Today's update reinforces Cocrystal's progress in developing best-in-class antiviral medicines. Influenza is one of the most serious worldwide public health threats. Important concerns remain about the emergence of pandemic strains and resistance to available drugs. We are encouraged by the safety and pharmacokinetic profile observed to date with single oral doses of CC-42344 and look forward to initiating the next portion of the trial," said Sam Lee, Ph.D., Cocrystal's President and co-interim CEO. "Based on a novel mechanism of action and high barrier to resistance, we believe CC-42344 could provide a potentially best-in-class oral candidate for the treatment of pandemic and seasonal influenza infection."
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GNS | Hot Stocks08:13 EDT Genius Group to commence trading on NYSE American - Genius Group is pleased to announce the Company's ordinary shares are expected to commence trading on the NYSE American today under the ticker symbol "GNS."
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DNAC | Hot Stocks08:13 EDT ProKidney announces updated design for REACT Phase 3 program - ProKidney announced the updated design for its REACT Phase 3 program. REGEN-006 and REGEN-016 are expected together to enroll up to 1,200 subjects with CKD on optimized standard of care in two Phase 3 trials. The FDA has indicated that these trials may be sufficient to support regulatory filing of a Biologic License Application for its transformational cell therapy for CKD if they meet the primary and key secondary endpoints. Subjects will be randomized 1:1 into either a REACT treatment arm and undergo a kidney biopsy or a sham control arm. The primary objective of each study is to assess the efficacy of up to two REACT injections given three months apart and delivered into biopsied and non-biopsied contralateral kidneys using a minimally invasive percutaneous approach. The primary composite endpoint is the time from first injection to the earliest of: at least 40% reduction in eGFR, using the 2009 CKD-EPI serum creatinine equation, sustained for 30 days; or eGFR less than15 mL/min/1.73m using the 2009 CKD-EPI serum creatinine equation, sustained for 30 days and/or chronic dialysis, and/or renal transplant; or renal or cardiovascular death. A new Phase 2 trial will be opened to eligible subjects from the sham arms of the Phase 3 trials to allow them access to REACT treatment after completing the trial or experiencing a qualifying event that would require the subject to discontinue participation in the trial. On January 18, 2022, ProKidney announced that it would become a publicly traded company via a business combination with Social Capital Suvretta Holdings Corp. III.
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APO | Hot Stocks08:10 EDT Apollo Global to invest in Siebert Williams Shank - Apollo and Siebert Williams Shank, SWS, announced the formation of a strategic partnership, whereby Apollo has agreed to invest in SWS, a financial services firm. As part of the strategic partnership, Apollo, along with its managed funds, will make a combined equity and credit investment that is expected to significantly increase SWS's underwriting capacity for debt and equity offerings. This will also enhance SWS's ability to bridge the investment and liability management needs of its corporate and municipal clients with the product expertise offered by Apollo. "Apollo and Siebert's longstanding relationship spans two-plus decades, and this new strategic partnership is a natural next step to help accelerate their growth," said Apollo Co-President Jim Zelter. "At Apollo, our commitment to expanding opportunity extends to the marketplace and making an intentional effort to support the success of diverse financial institutions and employers. SWS, already a leading player in investment banking and global markets, will be able to attract larger deals and do more for clients through this mutually beneficial relationship. We are thrilled to formally team up with Chris Williams, Suzanne Shank and the entire SWS team."
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GES | Hot Stocks08:10 EDT Guess board refutes Legion's view of Marciano, says last letter 'regugitation' - Guess?, In issued the following statement in response to Legion Partners' open letter to Guess shareholders: "Legion Partners' latest letter is just a regurgitation of previously reported and previously addressed grievances they have against the Company. While Legion is entitled to their own opinions and views, they are not entitled to create their own false narrative for the benefit of their campaign. Legion seems bent on recycling false and misleading information, while we are focused on executing our transformation strategy and driving our strong business performance, both of which Legion has complimented. As previously disclosed in 2018, the Guess Board of Directors established a Special Committee, comprised entirely of independent directors and advised by independent legal counsel, to conduct a comprehensive investigation, the findings of which were made public. Regarding the post-2018 allegations against Paul Marciano, the independent members of the 2018 Special Committee continue to serve on the Board and were fully briefed. The Company has strongly refuted these claims and is contesting them vigorously. In January 2022, Legion delivered a Demand for Board Action. The Board promptly created a committee of independent directors to investigate the subject matter of the demand, including the post-2018 allegations. With the assistance of independent legal counsel, the Demand Review Committee will evaluate the proper response to the Demand after it completes its investigation."
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KSS FRG | Hot Stocks08:10 EDT Kohl's jumps 7% after Reuters reports on Franchise Group bid
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UBX | Hot Stocks08:09 EDT Unity Biotechnology completes enrollment in BEHOLD study - UNITY Biotechnology has completed enrollment for the BEHOLD study, its Phase 2 clinical trial of UBX1325 in patients with diabetic macular edema, DME. "Patients with advanced retinovascular diseases, including DME, shoulder a significant burden with current standard-of-care that usually requires regular doctor visits for frequent injections of anti-VEGF treatment, often as frequently as every 8 weeks," said Anirvan Ghosh, Ph.D., chief executive officer of UNITY. "Given the encouraging activity we've observed in patients with DME after a single injection of UBX1325 in our Phase 1 study in patients no longer considered responsive to anti-VEGF treatment, we're optimistic that UBX1325 can potentially provide an entirely novel therapeutic option and lessen the current burden on both patients and physicians as a durable senolytic treatment. We are very pleased to have completed enrollment and see this as a significant milestone in the UBX1325 clinical program. We look forward to building on this momentum and anticipate 12-week results from our Phase 2 DME study, BEHOLD, by mid-year and 24-week results by the end of the year."
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OPCH | Hot Stocks08:08 EDT Option Care Health completes acquisition of SPNN for $60M - Option Care Health announced that it has completed the acquisition of Specialty Pharmacy Nursing Network, SPNN. SPNN is a national leader in providing highly skilled specialty nursing resources across a broad portfolio of healthcare providers with over 400 nurses across the country. The acquisition builds upon the market-leading nursing platform Option Care Health established with its acquisition of Infinity Infusion Nursing to expand access to clinical resources across the United States. The consummation of the SPNN acquisition expands Option Care Health's nursing team to more than 2,900 nurses nationwide. Option Care Health acquired SPNN on April 11, 2022, for $60M in an all-cash transaction. SPNN will maintain its current operations and continue to serve a broad array of infusion providers, specialty pharmacies and biopharmaceutical manufacturers as a separate enterprise within Option Care Health.
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ELYS | Hot Stocks08:07 EDT Elys Game Technology partners with All Bets to establish allBETS DC One - Elys Game Technology announced a partnership with All Bets to establish allBETS DC One and operate a sportsbook planned to open at 821 Upshur St. NW, in Washington, D.C. The company's subsidiary, USBookmaking, will provide sport wagering services to manage the sportsbook risk and provide trading services. Following the launch of Grand Central Restaurant and Sportsbook, in the Adams Morgan area, and with the Cloakroom DC currently in regulatory review, the partnership with allBETS DC would represent the company's third implementation of its strategy to offer a sportsbook solution in non-conventional locations such as restaurant and bar venues in Washington, DC. And, if awarded a license, allBETS DC is believed to be a groundbreaking venture by an African-American woman owned sports wagering business.
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INSE | Hot Stocks08:07 EDT Inspired Entertainment awarded additional 700 VLTs in Saskatchewan - Inspired Entertainment announced it has been awarded an additional 700 Valor video lottery terminal, or VLT, placement by Western Canada Lottery Corporation, or WCLC, acting on behalf of the Saskatchewan Liquor and Gaming Authority, or SLGA, following a formal Request for Quotation, or RFQ, process. Inspired will provide an updated Valor(TM) cabinet with several new game themes specifically tailored for the Saskatchewan market as part of the Company's continued commitment to North America. The additional Valor(TM) terminals are expected to be delivered by the end of 2022 with new games to be released throughout 2022 and 2023.
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MOBQ | Hot Stocks08:06 EDT Mobiquity selected by Affinity to provide data, advertising solutions - Mobiquity Technologies announced it has been selected by Affinity to provide data and programmatic advertising services for the purpose of promoting brand awareness of their Affinity Token and ADAPT utility. Sean Trepeta, President of Mobiquity Networks, said "It has been a very exciting time at Mobiquity as our crypto-core and crypto-curious audience grows every day. We are excited to see companies like Affinity use our audience to build their brand and become trusted names in the crypto community."
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ARKO | Hot Stocks08:06 EDT Arko Corp. partners with JDC to support Ukranian refugees - GPM Investments is teaming up with JDC, a leading global humanitarian organization, to raise funds to help alleviate the growing refugee crisis in Ukraine and neighboring countries. Millions of Ukrainians have already fled the country, a number expected to continue to rise. Those who remain in Ukraine are suffering due to the ongoing war and are also in need of assistance. From 4/11/2022 to 6/12/2022, GPM associates across all company-operated locations will sell pinups in donation amounts of $1, $5, and $10. GPM is also partnering with its supplier community and raising additional dollars through their generosity. All proceeds will be matched dollar for dollar up to $1 million by a generous JDC donor.
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PRCH | Hot Stocks08:06 EDT Homeowners of America introduces services in Wyoming, Nebraska - Homeowners of America announced the launch of services in Wyoming and Nebraska. This marks the Company's fourth and fifth extension of services this year as part of its nationwide expansion plan. Previous 2022 launches include Missouri, New Mexico, and Montana.
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HZO | Hot Stocks08:05 EDT MarineMax invests in Boatzon - MarineMax announced that it has invested in Boatzon. Boatzon, is the first 100% online boat and marine retailer providing secure direct marketplace services. Boatzon provides marine enthusiasts easy access to boats, engines, trailers, marine products and more. Consumers can browse, finance, insure, purchase and arrange delivery of boats and marine products entirely online. The Boatzon marketplace offers buyers a new purchase experience while providing dealers with digital tools to expand offerings to their customers.
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LAX EUDA | Hot Stocks08:05 EDT 8i Acquisition 2 Corp. enters business combination agreement with EUDA Health - EUDA Health Limited and 8i Acquisition 2 Corp. (LAX) announced that they have entered into a definitive business combination agreement that will result in EUDA Health Limited becoming a publicly listed company. Upon the close of the transaction, LAX will be renamed EUDA Health Limited and is expected to remain listed on NASDAQ under the new ticker symbol "EUDA". The companies said, "EUDA Health operates a first-of-its-kind Southeast Asian healthcare analytics platform dedicated to customer-centric solutions that increase access to quality care, improve patient outcomes, and reduce costs. The company's ecosystem-based approach serves a full spectrum of healthcare needs, including wellness and prevention, urgent care and emergencies, pre-existing conditions, and after care services. Leveraging its end-to-end expertise in healthcare management, EUDA Health's proprietary unified AI platform connects patients, insurers, and medical professionals to the necessary data to triage conditions and digitally connect with medical professionals for personalized treatment protocols that optimize patient outcomes and ongoing care. EUDA Health is poised to disrupt the multi-trillion dollar Southeast Asia healthcare industry where healthcare expenditures continually outpace GDP growth and efficient access to comprehensive care is uncertain. Southeast Asia has seen accelerated adoption of healthcare IT, with usage increasing by 400% in 2020 alone. EUDA Health aims to be an industry leader throughout this transition. Where patients once waited hours to see a doctor for ten minutes, EUDA Health's platform strives to connect patient members to medical experts within five minutes on average, alleviating an overburdened system and enhancing the patient experience. Since its founding in 2019, EUDA Health has grown tremendously and is expected to operate across five countries- Singapore, Malaysia, Vietnam, India and Indonesia- by the end of 2022. Through its innovative and dynamic solutions, EUDA Health has developed a diversified revenue stream and gained clear line-of-sight into sustainable growth through both geographic expansion and enhanced service offerings." The combined company will have an estimated post-transaction enterprise value of $583 million, consisting of an estimated equity value of $673 million and $90 million in net cash, assuming no redemptions of 8i public stockholders. Cash proceeds raised will consist of 8i's approximately $86.3 million of cash in trust. Additional earnouts in the form of 9 million total shares will be awarded post-transaction close if EUDA's share price reaches $15, $20 and $25 over three years. Proceeds from the trust account is expected to be used for product development and other AI technology research, business expansion and potential strategic investment and acquisition opportunities. EUDA's growth strategy is expected to generate estimated revenue and adjusted EBITDA of $200 million and $43 million, respectively, in 2023. The transaction with EUDA Health is a related party transaction. Mr. Tan, LAX's CEO and Chairman of the Board, is a 10% shareholder of Watermark Developments Limited, the sole shareholder of EUDA Health. Watermark will roll 100% of its equity into the combined company and will own approximately 82% of the combined company's outstanding ordinary shares on a pro forma basis mmediately after the closing. EverEdge Global has been engaged to render a fairness opinion on the fairness of the transaction to LAX from a financial point of view. The business combination has been unanimously approved by the boards of directors of both EUDA Health and LAX and is expected to close in the fourth quarter of 2022, subject to regulatory and shareholder approvals, and other customer closing conditions.
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VSAT | Hot Stocks08:05 EDT ViaSat and Bahrain Telecommunication sign MOU to develop B2B services - Viasat and Bahrain Telecommunication, the leading digital solutions provider in the Kingdom of Bahrain, announced the signing of a Memorandum of Understanding, or MOU, to engage in several business-to-business service opportunities across the Middle East and North Africa region. The non-binding MOU between Viasat and Batelco focuses on the potential commercialization and distribution of satellite broadband connectivity to businesses in the MENA region. The MOU also addresses exploring other potential service opportunities including hybrid connectivity solutions combining satellite and terrestrial broadband for business continuity services; corporate local area network extension services to remote offices using satellite broadband connectivity; SD-WAN services to optimize the delivery of business applications over multiple access networks; temporary satellite broadband connectivity for special projects, events or disaster relief efforts; mobile-to-mobile and Internet of Things B2B applications; Use of satellite connectivity for mobile backhaul to remote sites.
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EVRI | Hot Stocks08:04 EDT Everi Holdings partners with Scarlet Pearl Casino Resort - Everi Holdings announced its subsidiary, Everi Payments Inc., is now live with a leading solution for the liquidity of crypto currencies, B4U Financial, at the Scarlet Pearl Casino Resort on Mississippi's Gulf Coast. Through Everi's financial access solutions, the B4U Financial crypto currency solution allows casino patrons the ability to convert digital currency into cash. Additional integration capabilities include casino operators' ability to track the disbursement of cash through the B4U API to the owners' existing systems in real time. This capability is enhanced by Everi's real-time monitoring tools and remote diagnostics features, which provide greater uptime with quicker response and resolve times.
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KDNY | Hot Stocks08:03 EDT Chinook Therapeutics announces initiation of Phase 1 trial of CHK-336 - Chinook Therapeutics announced that dosing has been initiated in a phase 1 clinical trial evaluating CHK-336 in adult healthy volunteers. CHK-336 is an oral small molecule lactate dehydrogenase A inhibitor with liver-targeted tissue distribution being developed for the treatment of patients with primary hyperoxaluria and secondary hyperoxaluria due to increased endogenous oxalate production. "The initiation of the phase 1 clinical trial of CHK-336 is an important milestone for Chinook as it is our first internally discovered program, and has a differentiated profile as an oral small molecule with potential to be a first-in-class therapy for patients with multiple types of hyperoxalurias," said Andrew King, D.V.M., Ph.D., chief scientific officer of Chinook. "CHK-336 exemplifies Chinook's commitment to discovering and developing novel precision medicines for rare, severe chronic kidney diseases with defined genetic and molecular drivers." The phase 1, single-center, randomized, placebo-controlled double-blind single and multiple ascending dose clinical trial is designed to assess the safety, tolerability, pharmacokinetics and pharmacodynamics of CHK-336 in up to 104 healthy volunteers.
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ABBV | Hot Stocks08:02 EDT AbbVie announces data from Phase 2 trial of navitoclax - AbbVie announced new data from a Phase 2 trial of navitoclax in combination with ruxolitinib in patients with myelofibrosis. The results were presented at the American Association for Cancer Research annual meeting. Navitoclax is an investigational, first-in-class, oral BCL-XL/BCL-2 inhibitor that is designed to activate programmed cell death in cancer cells. Navitoclax and its safety and efficacy are under evaluation as part of ongoing Phase 2 and registrational Phase 3 studies. Myelofibrosis is a rare, difficult-to-treat blood cancer that results in excessive scar tissue formation, or fibrosis, in the bone marrow. Anti-fibrosis activity, measured by reversal of bone marrow fibrosis, or BMF, and reduction in driver gene variant allele frequency, or VAF, have been suggested as potential biomarkers to measure disease modification in myelofibrosis, but their association with a survival benefit have not been widely described.1 These data build on AbbVie's history of transforming standards of care in blood cancers with significant unmet needs. The results presented at AACR 2022 were from REFINE - a Phase 2 trial evaluating navitoclax in combination with ruxolitinib, which included patients with myelofibrosis who had progressed on or had a suboptimal response to at least 12 weeks of ruxolitinib monotherapy. Median exposure to prior ruxolitinib was 91 weeks in the first 34 patients enrolled earlier in the trial. In the exploratory analysis of 32 patients who were evaluable for improvements in BMF, 12 had a greater than or equal to1 grade improvement during any time point in the study. For driver gene VAF reduction, 26 patients were evaluable and 6 (23%) achieved a greater than or equal to20% reduction at week 24. Five patients achieved both BMF and VAF responses.
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CURLF | Hot Stocks08:02 EDT Curaleaf signs new distribution agreement with WB Canna Co. & Wellness - Curaleaf announced that its Select CBD and Curaleaf Hemp products will become available for the first time in the Caribbean market thanks to a new distribution agreement with WB Canna Co. & Wellness. This agreement will bring Curaleaf's lineup of products from its eponymous Hemp and Select CBD product lines to customers in, and traveling throughout, the U.S. Virgin Islands, Puerto Rico, Aruba, Bermuda, Barbados, Cayman, Costa Rica, Guatemala, Jamaica, and Saint Maarten, as well as additional markets in Latin America, travel retail, and the cruise and diplomatic channel.
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REG | Hot Stocks08:02 EDT Regency Centers announces COO retirement, succession plan - Regency Centers announced forthcoming changes to its executive management team. Jim Thompson, Executive Vice President and Chief Operating Officer, has announced his retirement, effective December 31, 2022. Concurrently, the Company announces the following executive management promotions, effective January 1, 2023: Alan Roth, currently Senior Managing Director, East Region, will become Executive Vice President, National Property Operations and East Region President. Nick Wibbenmeyer, currently Senior Managing Director, West Region, will become Executive Vice President, West Region President.
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KMX | Hot Stocks07:59 EDT CarMax drops 5% to $98.05 after Q4 earnings miss estimates
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LAX | Hot Stocks07:55 EDT 8i Acquisition 2 Corp trading halted, news pending
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AIM | Hot Stocks07:54 EDT AIM ImmunoTech provides update on Ampligen development program - AIM ImmunoTech provided an update on its development program evaluating Ampligen(R) for the treatment of pancreatic cancer. Ampligen is AIM's dsRNA product candidate being developed for globally important cancers, viral diseases and disorders of the immune system. Ampligen has demonstrated in the clinic the potential for standalone efficacy in a number of solid tumors. Additionally, Ampligen has shown success in increasing survival rates and efficacy in the treatment of animal tumors when used in combination with checkpoint blockade therapies. Ampligen is currently being evaluated as a combinational therapy for the treatment of a variety of solid tumor types in multiple clinical trials - both underway and planned - at major cancer research centers around the country. Ampligen is also being used as a monotherapy to treat pancreatic cancer patients in a named patient program approved by the Inspectorate of Healthcare in the Netherlands at Erasmus Medical Center. The Company recently received notification from the U.S. Food and Drug Administration that the FDA's Clinical Hold on AIM's investigational new drug application for a Phase 2 study of Ampligen as a therapy for locally advanced pancreatic cancer has been lifted and the Company may proceed with the study. The AMP-270 clinical trial is planned to be a randomized, open-label, controlled, parallel-arm study with the primary objective of comparing the efficacy of Ampligen versus a no treatment control group following FOLFIRINOX for subjects with locally advanced pancreatic adenocarcinoma. Secondary objectives include comparing safety and tolerability. The AMP-270 is expected to enroll approximately 90 subjects in up to 30 centers across the U.S. and Europe. The Buffett Cancer Center at the University of Nebraska Medical Center and Erasmus MC in the Netherlands are expected to be the primary study sites. To manage the AIM-sponsored Phase 2 study, on April 7, 2022, the Company engaged Amarex Clinical Research LLC, a CRO with strong track record on advising sponsors through the product development process and providing customized solutions for clinical studies. The AMP-270 clinical trial is on track to commence in Q3 2022. Additionally, recently published data from a single-center named patient program indicated that patients receiving Ampligen had a longer median survival time than matched historical controls. For the study, patients with locally advanced pancreatic cancer or metastatic disease were treated with Ampligen at 2 doses per week with 400 mg per infusion. The manuscript detailing the positive data from the program, titled "Rintatolimod enhances numbers of peripheral B cells and is associated with longer survival in patients with locally advanced and metastasized pancreatic cancer pre-treated with FOLFIRINOX: a single-center named patient program," was published in March 2022 in the peer-reviewed journal, Cancers Special Issue: Combination and Innovative Therapies for Pancreatic Cancer. Based on these data, the Company believes that Ampligen could prove to be a potential effective maintenance therapy after systemic chemotherapy in patients with advanced pancreatic cancer.
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TLRY HEXO | Hot Stocks07:52 EDT Tilray enters agreement with HEXO related to Senior Secured Convertible Note - Tilray Brands (TLRY) announced that the Company has signed a definitive agreement for a commercial and financial partnership with HEXO Corp. (HEXO). As initially announced on March 3, 2022, the partnership will bring together Canada's top two cannabis market leaders, strengthening their respective operations and setting the stage for production efficiencies, which are expected to yield increased productivity and other efficiencies amid intensely-competitive market dynamics. Under the terms of the agreement, and subject to the satisfactory completion of certain closing conditions, Tilray Brands will acquire 100% of the remaining $193M outstanding principal balance of the senior secured convertible note that was issued by HEXO and held by funds affiliated with HT Investments. The Note will be amended to include conversion rights at a price of C$0.85 per HEXO Share, which would allow Tilray Brands to acquire a significant equity ownership position in HEXO and participate directly in its considerable growth opportunities. As previously announced, the strategic alliance between Tilray Brands and HEXO, the final terms of which are subject to negotiation and execution of the commercial agreements described below, is expected to provide several financial and commercial benefits, including: Accretion and Flexibility: the acquisition of the Note by Tilray Brands is expected to be immediately accretive to the Company. The agreement provides that HEXO will pay Tilray Brands an annual fee of $18M for advisory services with respect of cultivation, operations, and production matters. The terms of the Note, as amended, provide that the Note shall bear interest at a rate of 5% per annum, beginning on the date of Transaction closing. In addition, Tilray Brands shall have the flexibility to either be paid the principal amount of the Note plus any accrued interest and payment-in-kind upon the maturity of the Note or, prior to maturity, convert such amount into a substantial ownership position in HEXO. Substantial Synergies: the strategic alliance between Tilray Brands and HEXO is expected to deliver up to $80M of cost synergies and other efficiencies within two years of the completion of the Transaction, which will be shared equally subject to certain agreed upon adjustments. Both companies have been working collaboratively together to evaluate cost saving synergies as well as other production efficiencies, including with respect to cultivation and processing services, certain Cannabis 2.0 products, including pre-rolls, beverages and edibles, as well as shared services and procurement. Strengthening Product Innovation for International Markets: Tilray Brands and HEXO would bring together industry leading expertise in the global cannabis industry, including cannabis cultivation, product innovation, brand building, and distribution. Leveraging both companies' commitments to innovation and operational efficiencies, both companies will share their respective expertise and know-how to capitalize on opportunities for growth through a broadened product offering and accelerated CPG innovation. Upon closing, Tilray Brands will nominate Denise Faltischek, CSO and Head of International, to the HEXO Board of Directors, in addition to appointing one Board observer. Under the terms of the agreement, and subject to the satisfaction of specific closing conditions, Tilray Brands would acquire 100% of the remaining $193M outstanding principal balance of the Note, all of which were originally issued by HEXO to HTI. As consideration for Tilray Brands' acquisition of the Note, Tilray Brands will pay 95% of the then outstanding principal balance for the Note, plus accrued and unpaid interest thereon. Until closing, HTI may continue to redeem the Note pursuant to its terms; however, in no event shall the outstanding principal balance of the Note, when ultimately purchased by Tilray Brands, be less than $160M. Among the various agreed amendments to the Note, the initial conversion price will be C$0.85, which implies that, as of April 11, 2022, Tilray Brands has the right to convert into approximately 35% of the HEXO Shares. The Purchase Price shall be satisfied in cash, common shares of Tilray Brands, or a combination thereof, at Tilray Brands' sole discretion. HEXO will not receive any proceeds as a result of Tilray Brands' purchase of the Note from HTI. In connection with the Transaction, the parties will amend and restate the existing Note to, among other things, extend the maturity date by three years, to May 1, 2026; provide for the revised interest amounts previously identified; and amend or eliminate certain affirmative and negative covenants, including as it relates to minimum liquidity and minimum EBITDA covenants. The Note will also provide Tilray Brands with subscription rights and top-up rights in respect of all future equity and debt issuances by HEXO following closing, other than in respect of certain customary exceptions. The Transaction is subject to customary closing conditions, including completion of all required amendments to the terms of the Note; receipt of any necessary approvals from the Toronto Stock Exchange and the Nasdaq Stock Market; receipt of all consents and approvals required by any regulatory authorities; receipt of shareholder approval from the HEXO shareholders; no material adverse effect having occurred in respect of HEXO; Tilray Brands and HEXO having entered into the commercial agreements; HEXO having a cash balance as of closing of not less than $100M and HEXO using reasonable best efforts to cause a committed equity line to be made available to HEXO for up to C$180M on terms acceptable to both HEXO and Tilray Brands.
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HYZN | Hot Stocks07:51 EDT Hyzon Motors appoints Samuel Ching as CFO - Hyzon Motors announced that Samuel Chong has been appointed CFO, effective April 12. Chong will succeed Mark Gordon, who has served as Hyzon's CFO since August 2020. Gordon will assist with the transition and serve as a senior advisor over the next twelve months. Chong comes to Hyzon with significant financial executive experience in companies engaged in innovative new technologies. Most recently, Chong acted as Treasurer and Head of Investor Relations at Fluence Energy, a leading global provider of grid scale energy storage products and services and artificial intelligence-enabled digital applications for renewables and storage. Previously, Chong was the Treasurer of Gogo, which is the world's largest provider of broadband connectivity services for the business aviation market. At Gogo, Chong helped to lead a series of debt refinancing and strategic initiatives. Prior to Gogo, Chong was engaged in investment banking and proprietary investments at domestic and international financial institutions. Chong holds both a BA in Economics and an MBA from the University of Chicago.
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CYTO | Hot Stocks07:47 EDT Altamira Therapeutics sees 2022 cash requirements CHF 11M - CHF 13M - The Company expects its total cash requirements for FY 2022 to be in the range of CHF 11 to 13 million, for which it can draw upon its cash position as well as further issuances of common shares under its equity line with Lincoln Park Capital and its "at-the-market" program with A.G.P. Additional sources of funding may arise from the planned spin-off or divestiture of its legacy assets.
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CYTO | Hot Stocks07:46 EDT Altamira Therapeutics deprioritizes certain development programs - In the context of the Company's repositioning, it has deprioritized its development programs in tinnitus, hearing loss and antipsychotic induced weight gain and has written off all related intangible assets.
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CYTO | Hot Stocks07:46 EDT Altamira Therapeutics expects top-line data from TRAVERS Phase 2 trial in Q2 - Development of Altamira's AM-125 program for the treatment of vertigo in 2021 was still impacted by COVID-19 related intermittent slowdowns in recruitment for the TRAVERS Phase 2 clinical trial. In March 2022, the Company was able to complete enrollment into Part B of the trial, which recruited 75 patients with acute vertigo following neurosurgery. Top-line data from the trial are expected for 2Q-2022. An interim analysis of Part A of the trial had demonstrated a dose-dependent improvement in balance as well as good safety and tolerability of ascending doses of AM-125. At the highest dose of 20 mg, AM-125-treated patients demonstrated, on average, a 2.6-fold improvement in Tandem Romberg test performance from baseline to six weeks, compared to those who received placebo. This positive outcome was supported by similar improvements in additional efficacy measures, including additional objective as well as clinician- and patient-reported outcomes. Altamira is currently preparing the submission of an IND to the FDA for the next steps in the clinical development of AM-125. The product is an intranasal formulation of betahistine, which has been widely used for decades in tablet form as a vestibular stimulant and standard of care in vertigo treatment and management around the world, with the US being a notable exception. Vestibular dysfunction affects more than one third of the U.S. population 40 years of age and older. Because of its ability to circumvent first-pass metabolism, AM-125 has been shown to have 5-to-29 times higher bioavailability than orally administered betahistine. Even without a US market, worldwide sales of oral betahistine are approximately $450 million. Altamira intends to pursue partnering opportunities with AM-125.
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CYTO | Hot Stocks07:44 EDT Altamira Therapeutics expects read out from HDM challenge study in Q2 - Within its legacy business, Altamira has made good progress with Bentrio, its novel drug-free nasal spray for protection against airborne viruses and allergens that is now being commercialized in Germany and other European countries under the CE mark as an "over the counter" product. Following positive results from its first clinical trial in allergic rhinitis in 2Q-21, which showed a significant reduction in nasal symptoms over four hours of controlled exposure to grass pollen in a challenge chamber compared to no protection, it initiated two further studies. In Canada, the Company has initiated an HDM challenge study with allergic rhinitis patients, which is expected to read out in 2Q-22. In the US, HDM allergens are the second most common source of sensitization right after plant-related allergens and may be present all year long. Meanwhile, in Australia, Altamira has a larger study ongoing in patients who are naturally exposed to seasonal allergens in which study participants receive Bentrio or a saline nasal spray control over two weeks. The Company expects the NASAR trial to read out in 4Q-22 / 1Q-23. In viral infection, Altamira has demonstrated in vitro on human nasal epithelia cells that Bentrio lowers infectious viral titers when applied prior to or after infection with SARS-CoV-2 not only in the wild type, but also the Delta and Omicron variants. Similar effects in the same type of assay were also shown in H1N1 influenza virus infection, further confirming the broad protective scope of Bentrio. The Company's plans for clinical testing of Bentrio in COVID-19 were delayed in 2021 as it waited for regulatory approval in India, however it was able to start the randomized controlled COVAMID trial in Bulgaria in March 2022. Enrollment has been progressing swiftly so far, and Altamira may complete the study in 3Q-2022. In 3Q-21 the Company launched Bentrio in Germany and Austria, first via online pharmacies and, from late Q4-21 also through "brick and mortar" pharmacies. Sales in 2021 reached CHF 0.1 million, with the product launch and adoption slowed by various regulatory restrictions on direct-to-consumer marketing for use against SARS-CoV-2 and the lack of specific clinical evidence. In 1Q-22, Bentrio revenues continued to grow, reaching approximately 2.5x their FY 2021 level. To drive further growth of its Bentrio activities, Altamira established an "OTC Consumer Health" business unit, which will be headed from May 2022 by the accomplished industry veteran Jean Lachance. The German speaking European countries have been serving as the Company's test markets. It plans to market and distribute Bentrio through established distributors leveraging their strong presence in OTC consumer health markets world-wide rather than on its own. It has already entered into marketing and distribution agreements for more than 20 international markets so far, primarily in Asia and MENA countries. Altamira also aims to partner Bentrio for North America, Europe, and other markets. To date, Bentrio has been cleared for sale in the countries of the European Union, Switzerland, UK, Singapore and Malaysia. The Company has received the first orders from distributors and expects revenues from Bentrio supplies to accelerate following further marketing clearances and respective product launches. In addition, under the agreement with Nuance covering China and several other Asian markets, Altamira received an upfront payment of $1 million, and it may receive development and commercial milestones of up tp $22.5 million and, upon production transfer, a staggered royalty on net sales at a high-single to low-double-digit percentage. For accessing the US market, the Company filed with the FDA in October 2021 a 510(k) application for premarket clearance of Bentrio in the allergy indication. The review of the submission is still ongoing at this point.
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CYTO | Hot Stocks07:43 EDT Altamira Therapeutics targets FDA IND in 2023 for PoC study of AM-401 - In June 2021, Altamira entered the field of RNA therapeutics through the share-based acquisition of Trasir Therapeutics. Trasir is a pioneer in the development of nanoparticles for extrahepatic nucleic acid delivery, that is of RNA molecules to targets outside the liver. The Company's proprietary peptide-based technology platforms, OligoPhore and SemaPhore, enable the safe and effective delivery of siRNA and mRNA, respectively, into target cells using systemic or local administration. The technology has been successfully tested in numerous animal disease models, including indications in various types of cancer and inflammatory diseases. Altamira has selected KRAS-driven cancers, which may affect the pancreas, lungs or colorectum, among others, as the first indication for drug development. Under project code AM-401, the Company is aiming for an FDA IND in 2023 to initiate a clinical proof-of-concept study in humans. Since the acquisition of Trasir, Altamira has expanded its RNA activities and resources. Dr. Samuel Wickline, Trasir's founder who became the Company's Chief Scientific Officer, was recently joined in the leadership team by Dr. Covadonga Paneda, Altamira's new Chief Development Officer. The Company intends to leverage its OligoPhore / SemaPhore platform through out-licensing to other biopharmaceutical companies and has already initiated corresponding business development activities.
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MTEM | Hot Stocks07:41 EDT Molecular Templates reviews six poster presentations at AACR 2022 meeting - Molecular Templates reviews highlights from the six poster presentations on its pipeline programs that were presented at the American Association of Cancer Research, AACR, Annual Meeting 2022. Poster Title: A Phase 1 Study of MT-6402, a novel Engineered Toxin Body targeting PD-L1, in patients with PD-L1 expressing advanced solid tumors: Twelve patients with PD-L1+ relapsed/refractory disease have been treated to date across two dose cohorts: 16 mcg/kg and 24 mcg/kg. Pharmacodynamic, PD, effects including monocyte and myeloid-derived suppressor cell depletion and T cell activation have been observed in the majority of patients. One patient in the first cohort with non-small cell lung cancer that had progressed after prior checkpoint therapy showed qualitative reduction in tumor burden. One dose-limiting toxicity, DLT, was observed in a single patient. No other DLTs have been reported. Poster Title: Altering tumor immunophenotypes with PD-L1 engineered toxin bodies. Molecular Templates' Antigen Seeding Technology is a unique approach that allows for specific alteration of tumor immunophenotype to match pre-existing CD8+ T-cells in a patient. Data demonstrated that MT-6402 can be altered to present antigens derived from CMV corresponding to other HLA genotypes. Poster Title: A CTLA-4-targeted ETB for Treg depletion shows favorable preclinical efficacy and safety. CTLA-4-targeted ETBs are designed to preferentially deplete regulatory T cells, via a direct cell kill mechanism of action that is independent of effector cells. In a transgenic mouse model expressing human CTLA-4 and bearing syngeneic subcutaneous tumors, CTLA-4 ETB treatment depleted Tregs in the TME. CTLA-4 ETB candidate was well tolerated in a non-human primate toxicology study. Poster Title: Engineered Toxin Bodies targeting Trop2. Trop2 targeted ETBs show in vitro target specific picomolar potency on Trop2 positive tumor cell lines. AST enabled Trop2 targeted ETBs to retain direct cell kill potency and alter the tumor immunophenotype to allow for antigen specific T-cell recognition. Poster Title: Improving immunotoxin-based therapeutics for cancer with de-immunized Engineered Toxin Bodies. Molecular Templates has developed a de-immunized form of Shiga-like Toxin A incorporated into next-generation ETBs currently in clinical trials. Ex vivo assays using peripheral blood mononuclear cells demonstrate that unmodified SLTA displays upregulation of CCL3, CCL4, TNFalpha and IL-6, indicating a similar, but not identical, pattern of cytokine release relative to the positive control, lipopolysaccharide, while the de-immunized SLTA did not activate cytokine or chemokine release. Poster Title: C-KIT/CD117 targeted ETBs for cancer therapy and HSC transplant conditioning. Poster highlights: CD117 ETB drug conjugates with MMAF demonstrated increased cytotoxicity compared to stand-alone ETBs or inactive ETB drug conjugate controls and also highlighted the internalization augmenting capabilities of ETBs.
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AAL | Hot Stocks07:40 EDT American Airlines sees Q1 CASM up 12%-13% vs. 1Q19 - During the first quarter, the company flew 59.5 billion total available seat miles, down 10.7% versus the first quarter of 2019, American Airlines said in a regulatory filing. The company expects its first quarter CASM to be up between 12% and 13% versus the first quarter of 2019, compared to its previous guidance of up between 11% and 13%. The company expects its cost of fuel to be between $2.80 and $2.85 per gallon of jet fuel and to have consumed approximately 895 million gallons during the first quarter of 2022. The company expects to report net special items of approximately $160M in the first quarter before the effect of taxes. The company expects to end the first quarter with approximately $15.5B in total available liquidity.
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MGDPF | Hot Stocks07:38 EDT Marathon Gold provides update on development plans for Valentine Gold Project - Marathon Gold Corporation is pleased to provide an update on development planning for the Valentine Gold Project located in the central region of Newfoundland and Labrador. Marathon is providing guidance on remaining regulatory approvals and permitting, the Project's execution strategy and schedule, mineral resources and mine planning, capital and operating cost outlook, and project financing. Highlights are as follows: Provincial Environmental Assessment completed. Federal EA approaching a ministerial decision. Site-specific permitting commenced. Subject to this regulatory schedule, site early works to commence in the third quarter, supporting full site mobilization by the end of the year and first gold pour in late 2024. Updated Mineral Resource estimate to be completed by mid-year, incorporating the 2021 Reverse Circulation drilling at the Marathon and Leprechaun Deposits and 100,000 metres of exploration drilling at the Berry Deposit. An overall increase in open-pit Measured plus Indicated Mineral Resources is anticipated. Life-of-mine capital and operating costs are estimated to have increased by between 15% and 20% compared to the April 2021 Feasibility Study, in line with market trends. New technical report to be prepared for the fourth quarter of this year, incorporating the new MRE, new production schedule, updated capital and operating costs, and higher gold price environment. $185M term loan credit facility closed and available for draw in alignment with Marathon's project development strategy. Matt Manson, President and CEO, commented: "Following the recent provincial Cabinet approval of the Valentine Gold Project, and the closing of our $185 million term loan credit facility, we are providing guidance today on the development path for the Project for the remainder of this year and into principal construction. Upon the receipt of final regulatory approvals and site permits we intend to start early works activities in the third quarter of this year. This will support a schedule for first gold production in late 2024. At the same time, we will work to complete a new technical report and production schedule for the Project, for release later this year. This will incorporate a new project-wide mineral resource estimate, the most robust completed to date, that is expected to show an estimate of open-pit Measured plus Indicated Mineral Resources that is both larger and better constrained. The new technical report will also reflect the impact of both the higher capital and operating cost environment on the Project and the higher gold price environment. The net result of this program of work will be a Project permitted for construction, with site development activities underway, and a new longer-term vision for Atlantic Canada's largest gold mine."
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VSAT | Hot Stocks07:36 EDT Clear Blue Technologies selected to provide power solutions to ViaSat - Clear Blue Technologies announced Viasat has selected Clear Blue's Nano-Grid and new Pico-Grid power products to provide reliable, low-cost, clean energy solutions and management services at Viasat's satellite-based Community Internet locations in Nigeria.
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HARP | Hot Stocks07:35 EDT Harpoon Therapeutics presents preclinical data for TriTAC-XR platform - Harpoon Therapeutics presented a poster with preclinical data for its TriTAC-XR T cell engager platform at the American Association for Cancer Research, AACR, Annual Meeting being held in New Orleans from April 8-13, 2022. The poster titled "TriTAC-XR is an extended-release T cell engager platform that improves safety by minimizing cytokine release syndrome" showed preclinical data describing the capabilities of the novel platform in animal models. TriTAC-XR is designed to minimize on-target cytokine release syndrome. Preclinical data from the TriTAC-XR platform demonstrated: TriTAC-XR is an extended-release T cell engager platform designed to mitigate cytokine release syndrome by releasing active T cell engagers from an inactive prodrug in a temporally controlled fashion, thus avoiding the very high exposures that occur shortly after administration with constitutively active molecules. Single doses of FLT3 and CD19 as well as weekly doses of CD20 TriTAC-XR produced similar PD effects with significantly lower cytokines than a comparable TriTAC in animal models. The expected safety improvement of TriTAC-XR could enable the treatment of non-oncology diseases in addition to solid tumors and hematologic malignancies.
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INZY | Hot Stocks07:35 EDT Inozyme provides update for Phase 1/2 trials of INZ-701 - Inozyme Pharma announced that the first patient has been dosed in its Phase 1/2 clinical trial of INZ-701 in adult patients with ABCC6 Deficiency and the second cohort in the ongoing Phase 1/2 clinical trial in ENPP1 Deficiency has been fully enrolled. "With momentum in patient enrollment in the trials for our lead indications and our recently-reported positive preliminary data in ENPP1 Deficiency, we believe we are another step closer to potentially bringing a much-needed therapeutic option to patients suffering from these devastating diseases," said Axel Bolte, MSc, MBA, Inozyme's co-founder, president, and CEO. "In preclinical models of ABCC6 Deficiency and ENPP1 Deficiency, INZ-701 increased plasma pyrophosphate levels and prevented soft tissue calcification, a key manifestation of both conditions. We expect to report preliminary biomarker and safety data from our ABCC6 Deficiency trial in the second quarter of 2022 and topline data from the ENPP1 Deficiency trial in the second half of 2022." The Company recently reported positive preliminary biomarker, safety, and pharmacokinetic data from the first three patients treated in the Phase 1 portion of its ongoing first-in-human Phase 1/2 clinical trial of INZ-701 in adult patients with ENPP1 Deficiency. At the 0.2 mg/kg dose level of INZ-701, all three patients showed rapid, significant, and sustained increases in PPi levels.
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YSG | Hot Stocks07:34 EDT Yatsen receives non-compliance letter from NYSE - Yatsen Holding announced that, it has received a letter from the NYSE dated April 11 notifying Yatsen that it is below compliance criteria in connection with the performance of trading price of Yatsen's American depositary shares, or ADSs. Pursuant to NYSE rule 802.01C, a company will be considered to be below compliance criteria if the average closing price of a security as reported on the consolidated tape is less than US$1.00 over a consecutive 30 trading-day period. Following receipt of the notification, the company must bring its share price and average share price back above $1.00 within six months. The Company intends to monitor the market conditions of its listed securities and will consider various measures to resolve the non-compliance caused by adverse effects on its trading price and avoid any potential delisting.
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MIND | Hot Stocks07:34 EDT MIND Technology announces recent orders totaling $7.3M - MIND Technology announced that in recent weeks it has received orders totaling approximately $7.3M, and these orders are expected to be delivered later in this fiscal year. These orders stem from its Seamap and Klein Marine Systems units which have piqued interest in recent months as both the energy industry's pricing environment has improved and the geopolitical and security situation around the world continues to evolve. The company's Seamap unit received an order totaling approximately $4.8M from HJ Shipbuilding & Construction to provide its GunLink 4000 source controller system, BuoyLink 4DX GNSS positioning system, air gun arrays and tail buoys for a new build seismic research vessel. The multi-streamer, multi-purpose vessel is being built for the Korean Institute of Geoscience and Mineral Resources. MIND's Klein Marine Systems unit has also recently seen increased interest in multi-beam sonar systems, specifically the Klein 5000 and Klein 5900 systems, which has resulted in orders totaling approximately $2.5M. These systems provide high-resolution images and allow for acquisition of data at high survey speeds. Thus, these are well suited for mine counter measure missions and fill critical needs for the United States and its allies. Furthermore, the company has responded to requests for quotes for additional systems, totaling approximately $3.5M. In some cases, the orders include integrated launch and recovery systems.
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VERA EXEL | Hot Stocks07:33 EDT Vera Therapeutics appoints Morrissey as chairman of its board of directors - Vera Therapeutics (VERA) announced the appointment Michael Morrissey, Ph.D., as chairman of its board of directors. Dr. Morrissey has served as president and chief executive officer, CEO, of Exelixis (EXEL) since July 2010.
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LILM | Hot Stocks07:33 EDT Lilium submits full set of Means of Compliance proposals to EASA for Lilium Jet - Lilium announced that it has submitted a full set of Means of Compliance proposals to the European Union Aviation Safety Agency for the type certification of the Lilium Jet. The submission to EASA represents a milestone on the path to certifying Lilium's revolutionary eVTOL aircraft, the Lilium Jet. The Means of Compliance are an essential part of the program by which an aircraft manufacturer demonstrates a new aircraft type conforms with airworthiness requirements prescribed in the certification basis previously identified by EASA. EASA's type certification process consists of the following main steps: Technical Familiarization and Certification Basis; Establishment of the Certification Program; Compliance demonstration. Lilium completed the first step and received its EASA certification basis in 2020. As part of the second step, EASA and Lilium are required to define and agree on the means to demonstrate compliance of the aircraft type with each requirement of the certification basis. Submitting Means of Compliance proposals to EASA represents an important milestone towards completion of that second step and moves Lilium closer to type certification of the Lilium Jet. Lilium is pursuing type certification for the Lilium Jet with EASA and concurrent type certification validation with the U.S. Federal Aviation Administration, the FAA, under the provisions of the Bilateral Aviation Safety Agreement between the EU and U.S.
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PTNR | Hot Stocks07:32 EDT Partner Communications announces resignation of CEO Avi Zvi - Partner Communications reports that Avi Zvi, CEO of the Company, has notified the Board of Directors of his resignation from the Company. The effective date of Avi Zvi's resignation as the Company's CEO has not yet been determined. The Chairperson of the Board of Directors, Osnat Ronen, thanked Avi Zvi on behalf of the Board of Directors for his contribution to the Company and its stellar achievements during his tenure
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XL | Hot Stocks07:32 EDT XL Fleet announces Donald Klein as CFO effective April 11 - XL Fleet Corp announced that Donald P. Klein has been appointed Chief Financial Officer of XL Fleet, effective April 11. Mr. Klein is a seasoned finance executive with extensive accounting, analysis, and public reporting experience. He is an influential leader and trusted business partner with a strong track-record of accomplishments, focus and business acumen. Mr. Klein replaces Chris Goldner, who was appointed as the Company's interim Chief Financial Officer in February .
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ACHL | Hot Stocks07:32 EDT Achilles Therapeutics, Center for Breakthrough Medicines announce partnership - The Center for Breakthrough Medicines announced a partnership with London-based Achilles Therapeutics. The deal provides expanded cell therapy manufacturing capabilities required to supply products for Achilles' ongoing Phase I/IIa clinical trials in advanced non-small cell lung cancer and metastatic or recurrent melanoma patients. CBM is a contract development and manufacturing organization dedicated to addressing the challenges associated with developing and manufacturing advanced therapies. Achilles is a clinical-stage biopharmaceutical company developing precision T-cell therapies to treat solid tumors. CBM will manufacture Achilles' precision T cell therapy for the company's ongoing Phase I/IIa clinical trials in non-small cell lung cancer and melanoma patients.
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ACHL | Hot Stocks07:32 EDT Achilles Therapeutics announces manufacturing expansion in UK, US - Achilles Therapeutics announced clinical manufacturing expansion in the United Kingdom and the United States. Achilles' manufacturing facility at the Cell & Gene Therapy Catapult in Stevenage, UK, has received a manufacturing license from the UK Medicines and Healthcare products Regulatory Agency, MHRA, and, separately, the Company has entered into a partnership agreement for clinical manufacturing with the Center for Breakthrough Medicines, CBM, a contract development and manufacturing organization in King of Prussia, Pennsylvania. The additional peak annual capacity of up to 600 doses of the Company's personalized clonal neoantigen-reactive T cell product candidates, known as cNeT, will support clinical manufacturing in the two ongoing Phase I/IIa CHIRON and THETIS clinical trials in advanced non-small cell lung cancer and recurrent or metastatic melanoma, respectively. Following the receipt of a manufacturing license from the MHRA, the Catapult facility is now GMP certified to produce clinical grade doses of cNeT. This second GMP manufacturing site at the Catapult will initially support Achilles' proprietary VELOS manufacturing process with an annual capacity of 200 cNeT doses at peak production.
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TM | Hot Stocks07:23 EDT Toyota launches all-new bZ4X SUV battery-electric vehicle - The all-electric Toyota bZ4X SUV not only looks to further Toyota's commitment to a carbon neutral future, but it does so in style. Ready to make a fresh mark on the Battery Electric Vehicle segment, bZ4X blends bold, modern styling with tech-laden features in an extremely capable platform. bZ4X is more than a battery-electric SUV - it's a new take on multi-purpose vehicles. Coming to dealerships this spring with an EPA-estimated range rating of up to 252 miles (for XLE front-wheel drive models, based on EPA's testing procedure standards), the 2023 Toyota bZ4X will have a starting MSRP of $42,000. According to the EPA, the average estimated fuel cost savings over five years for the 2023 bZ4X XLE FWD compared to the average new vehicle is up to $5,000. Toyota plans to expand to around 70 electrified models globally by 2025.
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BCDA | Hot Stocks07:17 EDT BioCardia receives FDA approval for IND application for BCDA-04 - BioCardia announced that the U.S. Food and Drug Administration has approved the Company's Investigational New Drug application for BCDA-04, a proprietary allogeneic mesenchymal cell population that is Neurokinin-1 receptor positive. This allows BioCardia to initiate its First-in-Human Phase I/II trial in adult patients recovering from Acute Respiratory Distress Syndrome due to COVID-19, with trial initiation expected in the third quarter of 2022. The first part of the clinical trial will evaluate increasing doses of the NK1R+ MSCs and the optimal dose will be taken to Phase II in a randomized study in adult patients recovering from ARDS due to COVID-19.
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TEF | Hot Stocks07:16 EDT Tower One secures contract to build sites with Telefonica Ecuador - Tower One, through its subsidiary in Ecuador is pleased to announce a new contract with Telefonica to build Tower Sites and to finance equipment. This transaction has a CAPEX requirement of $18M. Each tower site is a build to suit as requested by Telefonica.
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SLVTF | Hot Stocks07:14 EDT Silver Tiger Metals announces drill results from El Tigre Vein - Silver Tiger Metals has intersected 1,380.9 g/t AgEq over 0.5 meters within a broader interval of 23.8 meters grading 113.3 g/t AgEq in the El Tigre Vein. Highlights from initial 7 drill holes down dip under the El Tigre historic workings at the North end include the following: Hole ET-21-295: 0.5 meters grading 1,380.9 g/t silver equivalent from 102.0 meters to 102.5 meters, consisting of 1,200.0 g/t silver, 2.12 g/t gold, 0.16% copper, 0.20% lead and 0.05% zinc within 23.8 meters grading 113.3 g/t silver equivalent from 80.0 meters to 103.8 meters, consisting of 94.7 g/t silver, 0.19 g/t gold, 0.02% copper, 0.06% lead and 0.03% zinc. Hole ET-21-285: 1.5 meters grading 844.5 g/t silver equivalent from 300.2 meters to 301.7 meters, consisting of 23.5 g/t silver, 10.70 g/t gold, 0.06% copper, 0.24% lead and 0.21% zinc within 10.2 meters grading 135.9 g/t silver equivalent from 298.7 meters to 308.9 meters, consisting of 6.5 g/t silver, 1.63 g/t gold, 0.01% copper, 0.07% lead and 0.12% zinc. Silver Tiger's CEO, Glenn Jessome, stated, "The first down dip holes on the El Tigre Vein at the historic mine are delivering high grade silver intercepts within a broad mineralized zone. These first holes are shallow as the mining on the northern end of the El Tigre Vein stopped at level 4 at about 80 meters from surface. Deeper holes are currently being drilled down dip on the El Tigre Vein at the North end of the historic mine." As press released on February 22, 2022 Silver Tiger contracted Cominvi, a Mexican underground contract mining and development company to rehabilitate the Historic El Tigre Mine. Cominvi began underground rehabilitation March 21, 2022. Cominvi are progressing very quickly in the underground rehabilitation of the Historic El Tigre Mine and have already completed over 215 meters of rehabilitation in Level 7, which was the main portal to the mine. Glenn Jessome further stated, "We are extremely satisfied with the first several weeks of Cominvi's underground rehabilitation of the old mine. Their expertise, professionalism and safety profile is exceptional. The first 215 meters of rehabilitation has gone quickly and smoothly which is a testimony to the structural integrity of the workings thus far. We expect to reach the Sooy Vein workings in another 255 meters, which is approximately 470 meters from the Level 7 portal."
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ITMZF | Hot Stocks07:11 EDT Intema changes name to React Gaming Group - React Gaming Group is pleased to announce that it has completed its name change from Intema Solutions Inc. to React Gaming Group Inc. and that its shares are now trading under the symbol RGG on the TSX Venture Exchange. "With the completion of our LOOT.BET game-changing acquisition, it was time for us to re-brand our name to better reflect our activities in the esports and iGaming sector," said Laurent Benezra, President and CEO of React Gaming. "The addition of LOOT.BET has increased our revenues considerably, and we are convinced that we can expand our leading online gaming and betting platform activities into promising new markets. Over the next few weeks, we will be launching several marketing initiatives to increase LOOT.BET's user base, currently estimated to be over 500,000 users. We will also be launching programs to monetize the other subsidiaries that make up our esports ecosystem, including HypeX.gg, Team Bloodhounds and Generationz, as well as our professional esports team Parabellum Esports."
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SDGR | Hot Stocks07:10 EDT Schrodinger updates Wee1 inhibitor program with new data at AACR - Schrodinger presented new preclinical data from its Wee1 inhibitor program in a poster session at the American Association of Cancer Research, AACR, Annual Meeting taking place in New Orleans. Schrodinger has identified multiple, highly selective and structurally distinct Wee1 inhibitors with optimized physicochemical properties that show strong pharmacodynamic responses and anti-tumor activity in preclinical models. The data presented show that Schrodinger's Wee1 inhibitors have therapeutic potential for use as monotherapy and as part of combination therapy with other agents. "The strength of our data underscore the potential of our novel, orally available and potent Wee1 inhibitors and provide an opportunity to advance a potential best-in-class Wee1 inhibitor into the clinic," said Karen Akinsanya, Ph.D., president of R&D, therapeutics, at Schrodinger. "The differentiated and balanced profile of our Wee1 molecules highlights the impact of our computational platform when deployed at scale to overcome design challenges, such as selectivity and ADME optimization. Our unique lead series were identified by assessing more than 445M potential compounds computationally with only 42 that were synthesized for further analysis."
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PHRRF | Hot Stocks07:06 EDT PharmaTher signs worldiwde license agreement with Gesval - PharmaTher announces that PharmaTher has entered into an exclusive worldwide license agreement with Gesval S.A., a public limited company incorporated by the University of Liege, Belgium, for the development and commercialization of a patented continuous-flow process technology for the preparation of ketamine and ketamine analogs, the "Ketamine Technology." PharmaTher is developing and commercializing novel uses, delivery forms and formulations of ketamine and ketamine analogs. "We are excited to advance patented technology for the novel development and production process of ketamine and ketamine analogs from the University of Liege," said Fabio Chianelli, CEO of PharmaTher. "We remain committed to our goal of becoming a leader in the development and commercialization of novel ketamine pharmaceuticals and this license not only strengthens our global patent portfolio for ketamine, but also complements our strategy in commercializing novel uses, delivery forms and formulations of ketamine and ketamine analogs to serve the unmet medical needs for mental health, neurological and pain disorders." In addition, the Company expects to form partnerships with research labs, ketamine clinics and pharmaceutical companies that are: seeking a secure supply of cGMP ketamine and ketamine products for current portfolios; exploring alternative dosage forms for multiple existing indications; developing novel ketamine analogs; and requiring support to develop and eventually commercialize specific ketamine products for new indications. Under the terms of the Agreement, PharmaTher gained exclusive worldwide development and commercial rights to an intellectual property portfolio consisting of a granted patent and patent applications titled, "Methods for the preparation of arylcycloalkylamine derivatives" in the U.S., China and Canada.
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VTGN | Hot Stocks07:06 EDT VistaGen, AffaMed complete regulatory preparations for PALISADE study - VistaGen Therapeutics and AffaMed Therapeutics announced they have completed regulatory preparations to initiate PALISADE Global, a Phase 3 clinical trial to evaluate the efficacy, safety, and tolerability of VistaGen's PH94B for the acute treatment of anxiety in adults with social anxiety disorder, or SAD, in the U.S. and China. The primary purpose of PALISADE Global, the design of which is based on VistaGen's ongoing PALISADE-1 and PALISADE-2 Phase 3 clinical studies of PH94B in the U.S., is to support potential commercialization of PH94B in China and other markets outside of the U.S.
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JUSHF | Hot Stocks07:06 EDT Jushi comments on Virginia removing patient registration process requirement - Jushi Holdings issued the following statement on the Commonwealth of Virginia removing the medical patient registration process requirement. Statement from Jushi Holdings CEO, Chairman and Founder Jim Cacioppo: "Under new legislation that became law yesterday, the Commonwealth of Virginia has again taken important steps to modernize its medical cannabis program and make medical cannabis products more accessible and affordable to patients across the state. Through independent initiatives in each chamber of the General Assembly, the Virginia legislature removed problematic mandatory active ingredient ratio mandates for product formulations, removed the requirement that certified patients be issued a registration card, expanded technology that may be used in processing, and made several additional modifications that clarify the scope of producing and dispensing medical cannabis in the Commonwealth. This bill is a very positive and critically important step in improving the medical cannabis program for the patients in Virginia. Jushi commends the Governor and General Assembly for addressing patients' needs through this legislation, and applauds Senator Dunnavant and Delegate Robinson for their leadership this session. We look forward to continuing our support for increased access to medical cannabis for certified patients in the Commonwealth." Jushi has also received final approval from the Virginia Board of Pharmacy to begin planting in its new vertical cultivation, and plans to begin to fill its grow rooms with clones this week.
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AER | Hot Stocks07:05 EDT AerCap reports Q1 major business transactions - AerCap Holdings has announced its major business transactions during the Q1: Signed 102 lease agreements, including 14 widebody aircraft, 62 narrowbody aircraft, 2 regional jets, 8 engines and 16 helicopters; Completed 25 purchases for 23 aircraft, including 15 Airbus A320neo Family aircraft, 1 Airbus A220 aircraft and 4 Boeing 737 MAX aircraft for AerCap's owned aircraft portfolio and 3 aircraft for AerCap's managed aircraft portfolio, and 2 engines; Executed 30 sale transactions for 26 aircraft, including 2 Airbus A320 Family aircraft, 3 Airbus A320neo Family aircraft, 2 Airbus A330s, 3 Boeing 737NGs, 1 Boeing 767-300ER, 2 Boeing 777-200ERs, 1 Boeing 737-300SF, 5 Embraer E190 E2s and 1 Embraer E190 from AerCap's owned aircraft portfolio and 6 aircraft from AerCap's managed aircraft portfolio, 2 engines and 2 helicopters; and signed financing transactions for approximately $2.1B.
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FSR | Hot Stocks07:05 EDT Fisker selects Hyderabad as headquarters for initial India operations - Fisker has established its India headquarters in the southern city of Hyderabad, Telangana State. "In the global race for leading technical talent, we see our new operation in Hyderabad as a major strategic advantage""Our expansion into India represents both a strategic market opportunity and a significant boost to our global engineering capabilities," Fisker Chairman and CEO Henrik Fisker said. "We have already started local hiring in India, and expect our new team in Hyderabad to be fully operational and engaged on multiple product programs within weeks. Our talent pool in India will help us pave the way for the launch of Fisker Ocean and Fisker PEAR in India."
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GLDG | Hot Stocks07:04 EDT GoldMining begins exploration drilling on La Mina project in Colombia - GoldMining is pleased to announce that it has commenced a program of exploration drilling on the La Garrucha target, located less than one kilometre to the east and immediately adjacent to the existing mineral resources on the company's 100% owned La Mina project, located in Antioquia, Colombia. Alastair Still, CEO of GoldMining, commented, "The start of our first drilling campaign on the La Garrucha target at La Mina marks an important milestone for our company as we begin to unlock value from our portfolio of gold and gold-copper projects located throughout the Americas. This exploration drilling program is designed to test an exciting target, which we believe has the potential to expand upon the project's existing resource base and represents an opportunity to enhance the economics of the recently announced Preliminary Economic Assessment. We are planning approximately 3,600 metres of drilling in 6 holes with the core to be logged and sampled at our existing La Mina project facilities. Samples of sawn core will be transported to ALS Colombia LTDA in Medellin for assaying."
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XPO AAL | Hot Stocks07:04 EDT XPO appoints David Phalen as SVP, pricing for North American LTL network - XPO Logistics, Inc. (XPO) announced the appointment of David Phalen to the newly created position of senior vice president, pricing for the company's less-than-truckload segment, effective immediately. Phalen will be responsible for leading technology-enabled pricing strategies for the company's North American LTL network. Phalen joins XPO with more than 22 years of executive experience in pricing, revenue and yield management in the airline industry - most recently during seven years with American Airlines (AAL), where he served as managing director, international revenue management, and managing director, revenue analysis, ancillary and fulfillment. Previously, he held senior roles in pricing and revenue management with US Airways for eight years, and with America West Airlines for seven years (both now American Airlines). Earlier, he was with the financial advisory services group of Price Waterhouse. Phalen holds an MBA degree from Arizona State University.
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TAK | Hot Stocks07:04 EDT Takeda Pharmaceutical announces SHP643-301 study meets objectives - Takeda announced that the Phase 3 SHP643-301 study evaluating the safety profile and pharmacokinetics, or PK, of Takhzyro in patients two to less than 12 years of age is complete and has met its objectives. The safety profile was consistent with that seen in the clinical program for patients 12 years of age and older; there were no serious adverse events and no dropouts due to adverse events. The study also successfully reached the secondary objective evaluating the clinical activity/outcome of Takhzyro in preventing hereditary angioedema attacks as well as characterizing the pharmacodynamics of Takhzyro in pediatric subjects two to less than 12 years of age.
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DNA | Hot Stocks07:03 EDT Ginkgo Bioworks and Persephone announce collaboration - Persephone Biosciences, a synthetic biology company reimagining patient and infant health, and Ginkgo Bioworks announced a collaboration to develop a novel therapeutics based on the bacterial genus Bacteroides. Bacteroides species are among the most common members of the microbiota of animals, especially in the gastrointestinal tract, and are likely a useful tool for stable and long-term delivery of microbial medicines. Unlike many other gut microbes, Bacteroides have been shown to be a good candidate for genetic engineering. Persephone is pioneering the use of synthetic biology for the development of microbial products that impact patient and infant health, which requires the ability to engineer Bacteroides strains for therapeutic applications. Ginkgo and Persephone will collaborate on the design and synthesis of such a toolkit as well as the development of novel microbial therapeutic using such tool kit.
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ALXO BAYRY | Hot Stocks07:03 EDT ALX Oncology appoints Canamasas to board of directors - ALX Oncology (ALXO) announced the appointment of Itziar Canamasas, Ph.D., to its Board of Directors effective April 11, 2022. Dr. Canamasas currently serves as the Head of Oncology Europe, Middle East and Africa at Bayer AG (BAYRY).
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VERI | Hot Stocks07:03 EDT Veritone and OOONAteam on synthetic audio description for Silver Trak Digital - Veritone announced it partnered with OOONA to provide a seamless audio description scripting solution for Silver Trak Digital, a major APAC localization and media services company. With the combined power of Veritone Voice and OOONA's state-of-the-art, cloud-based media localization platform, Silver Trak gains the capability to script and synthesize voice audio description programs for blind and visually impaired audiences. The integration has the added benefit of seamless multi-language workflows for revoicing, captioning, translation and transcription projects. "Working with Veritone and OOONA is a game changer for us," said Silver Trak CEO Tim Creswell. "Veritone Voice offers amazing multi-language synthetic media capabilities to add to our human voice services, and OOONA develops great user tools for captioning and audio description operators. It means our language operators don't have to pivot between platforms. They can do all of their audio description and captioning work in their native language interface and generate lifelike synthetic voices for quick project turnarounds."
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IHRT | Hot Stocks07:03 EDT iHeartMedia D.C., Washington Commanders announce three-year audio partnership - The Washington Commanders announced a new three-year partnership deal with iHeartMedia D.C. to be the team's exclusive radio broadcast partner. Beginning in the 2022 season, live gameday broadcasts will run on iHeartMedia's BIG 100.3 FM and be featured on the station's website and on the iHeartRadio app, iHeartMedia's free all-in-one digital music, podcasting and live streaming radio service. This new partnership will expand the team's reach across the DMV, giving more fans the ability to listen and engage with the Washington Commanders on a daily basis and helping to grow the team's fanbase in the region. In addition to the team's radio gameday broadcast, this partnership will offer a robust lineup of exclusive programming across iHeartMedia D.C.'s radio stations and on the iHeartRadio App. New this season, fans will also be able to access archived radio broadcasts of the team's games anytime via the Commanders channel on the iHeartRadio App.
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XRTX | Hot Stocks07:02 EDT Xortx Therapeutics receives no objection letter from Health Canada - XORTX Therapeutics is pleased to announce receipt of a no objection letter from Health Canada regarding the Company's upcoming XRX-OXY-101 clinical bridging pharmacokinetics study. XRX-OXY-101 has been designed with three important objectives: to determine which of XORTX's novel formulations results in the best circulating oxypurinol concentrations; to determine the effect of food on the bioavailability of this formulation; and to determine the safety and pharmacokinetics of multiple doses of this selected formulation. Knowledge gained during the conduct of this trial will provide guidance regarding the future oral dosing of oxypurinol formulations in support of the Company's planned phase 3 registration trial in Autosomal Dominant Polycystic Kidney Disease. Additionally, this study will provide data to support future NDA marketing submissions to the United States Food and Drug Administration and the European Medicines Agency.
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CYCC | Hot Stocks07:02 EDT Cyclacel Pharmaceuticals announces publication on fadraciclib - Cyclacel Pharmaceuticals announced a publication in the journal Leukemia titled "Cyclin-dependent kinase inhibitor fadraciclib depletes anti-apoptotic protein and synergizes with venetoclax in primary chronic lymphocytic leukemia cells". Fadraciclib is Cyclacel's novel CDK2/9 inhibitor, currently in two Phase 1/2 trials, one for the treatment of advanced solid tumors and lymphomas and another for hematological malignancies, including patients with leukemia being treated in combination with venetoclax. "Results from this research provide further mechanistic evidence in support of our ongoing Phase 1/2 clinical study of oral fadraciclib in select hematological malignancies," said Mark Kirschbaum, M.D., Senior Vice President and Chief Medical Officer of Cyclacel. "The findings confirmed that fadraciclib suppresses MCL1 and synergizes with venetoclax, the only FDA-approved apoptosis enabling leukemia treatment. We have included a cohort within the proof-of-concept part of our Phase 1/2 study that will evaluate the combination of fadraciclib plus venetoclax in patients who have previously failed venetoclax-based regimens." Results from the study confirmed that fadraciclib inhibited CDK9 mediated transcription, reduced levels of the short-lived anti-apoptotic protein MCL1, and induced apoptosis in primary CLL cells. The data highlighted the importance of continuous treatment to prevent recovery of MCL1 protein levels. Fadraciclib was shown to combine synergistically with venetoclax. Furthermore, it was demonstrated that the best synergy, with fadraciclib and venetoclax given at the same time, was achieved in 17p deleted CLL cells, which were not sensitive to either agent alone. Fadraciclib also overcame protection mediated by stroma CLL cells and lymph node microenvironment. The data support the rationale for pursuing clinical development of fadraciclib, either alone or in combination with a BCL2 antagonist, for the treatment of CLL.
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PAG | Hot Stocks07:02 EDT Penske Automotive acquires BMW/MINI of Escondido - Penske Automotive announced that it has acquired BMW/MINI of Escondido, along with a collision center, located in Escondido, California. The acquired dealership and collision center are located in the Escondido Auto Mall, where the company currently operates dealerships featuring the Acura, Audi, Honda, and Mazda brands. The acquisition is expected to generate annualized revenue of approximately $115M. Commenting on the acquisition, chair and CEO Roger Penske, said, "We are thrilled to have completed the acquisition of the well-respected BMW/MINI brands in Escondido. The acquisition strengthens the scale of our offerings in the Escondido Auto Mall and adds additional depth to our relationship with the BMW and MINI brands. I would like to welcome the 72 BMW/MINI of Escondido employees, including 22 technicians, to the Penske Automotive Group team." Year-to-date 2022, Penske Automotive Group has added approximately $665M in annualized revenue through acquisitions and an open point.
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ATNM | Hot Stocks07:02 EDT Actinium and Immedica sign agreement for Iomab-B - Actinium Pharmaceuticals and Immedica Pharma announced entering a license and supply agreement for Iomab-B, an Antibody Radiation Conjugate comprised of apamistamab, a CD45 targeting antibody, and the radioisotope iodine-131 that is being developed for targeted conditioning to facilitate bone marrow transplant, or BMT, and other cell and gene therapies. A pivotal Phase 3 trial, Study of Iomab-B versus Conventional Care in Elderly, Relapsed or Refractory Acute Myeloid Leukemia, or SIERRA, of Iomab-B completed patient enrollment in the third quarter of 2021 with topline data expected in the third quarter of 2022. BMT is the only potentially curative treatment option for patients with active, relapsed or refractory acute myeloid leukemia, or AML.
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MUR | Hot Stocks06:57 EDT Murphy Oil achieves first oil from Khaleesi, Mormont and Samurai field project - Murphy Oil announced that it has achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through the Murphy-operated King's Quay floating production system. The project is comprised of the Khaleesi / Mormont fields in Green Canyon blocks 389 and 478, respectively, and the Samurai field, located in Green Canyon Block 432. Completions operations are ongoing for the remaining five wells in the seven-well project. "This has been a strategic project of ours since we acquired the Khaleesi / Mormont assets in mid-2019 and integrated our Samurai discovery into the overall development. Achieving first oil on schedule and within budget, while managing the challenges of the COVID-19 pandemic, illustrates the competitive advantage of our industry-leading offshore execution ability. I am proud of our team's accomplishments these past three years with the fabrication and installation of the King's Quay FPS and our subsea flowline systems, as well as drilling and completing the wells," said Roger W. Jenkins, President and CEO. "The production coming online is forecast to generate significant free cash flow, which will allow us to continue to delever with $600M-$650M of targeted debt reduction this year and the optionality of up to $1B in 20231, while simultaneously reviewing our dividend. I look forward to the ongoing production growth from the Gulf of Mexico as the remainder of the wells come online throughout 2022."
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APRN | Hot Stocks06:57 EDT Blue Apron names Josh Friedman as Chief Product Officer - Blue Apron announced that Josh Friedman has been named Chief Product Officer, effective April 18. Friedman brings multi-decade, extensive experience in strategic, digital and product leadership roles to Blue Apron. As Chief Product Officer, he will be responsible for Blue Apron's product strategy, overseeing cross-functional efforts between fulfillment, culinary and digital product. Chief Product Officer is a recent addition to Blue Apron's Executive Leadership Team. Friedman will be reporting to President and CEO Linda Findley. Most recently, Friedman was the Head of Digital Products at The Neiman Marcus Group.
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KMX | Hot Stocks06:53 EDT CarMax sold 343,413 units in Q4, up 11.3% from the prior year quarter - Sold 343,413 units through the combined retail and wholesale channels, up 11.3% versus the prior year quarter. For the fiscal year, sold 1,630,550 combined units, up 38.4% year-over-year. Retail used unit sales declined 5.2% in the fourth quarter to 194,318 vehicles, and comparable store used unit sales declined 6.5%. For the fiscal year, retail used unit sales rose 22.9% to 924,338 vehicles, and comparable store used unit sales grew 21.9%. Wholesale units increased 43.8% to a fourth quarter record of 149,095 vehicles. For the fiscal year, wholesale units rose 65.7% to a record 706,212 vehicles.
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KMX | Hot Stocks06:52 EDT CarMax sees FY23 CapEx $500M - The company said, "We currently plan to open ten stores in fiscal 2023, including our expected entry into the New York metro market. We estimate capital expenditures will increase to approximately $500 million in fiscal 2023 from $308.5 million in fiscal 2022. The increase in planned capital spending in fiscal 2023 largely reflects spending to support our future long-term growth, including investments in auction, sales, and production facilities, and technology."
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KMX | Hot Stocks06:51 EDT CarMax announces long term financial targets - The company said, "In May 2021, we introduced 5-year financial targets, including: (i) selling 2 million vehicles through our combined retail and wholesale channels by fiscal 2026; (ii) generating $33 billion in revenue by fiscal 2026; and (iii) growing our nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025. Although we do not anticipate updating these targets annually, given our strong performance in fiscal 2022, we believe it is appropriate to provide the following update at this time: Sell between 2 million and 2.4 million vehicles through our combined retail and wholesale channels by fiscal 2026. Generate between $33 billion and $45 billion in revenue by fiscal 2026. Re-affirm the growth of our nationwide share of the age 0-10 used vehicle market to more than 5% by the end of calendar 2025."
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IGT | Hot Stocks06:47 EDT International Game subsidiary signs supply contract with ALC - International Game announced that its subsidiary, IGT Canada Solutions, has signed a contract with the Atlantic Lottery Corporation, or ALC, to provide 1,375 CrystalDual 27 video lottery terminals, or VLTs, throughout the remainder of the year.
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LAZ | Hot Stocks06:46 EDT Lazard reports preliminary AUM $252.7B as of March 31 - The month's AUM included market appreciation of $2.4B, foreign exchange depreciation of $1B and net outflows of $0.3B. Preliminary average assets under management for the quarter ended March 31 were $256.4B.
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NGD | Hot Stocks06:37 EDT New Gold reports Q1 gold equivalent production 87,696 ounces - Reports Q1 gold production 68,101 ounces. Reports Q1 copper production 8.2M pounds. New Gold reported first quarter operational results for the company as of March 31. The Company is also providing notice that it will be releasing its Q1 financial results before markets open on Monday, May 2. "The first quarter saw both of our operations deliver total gold equivalent production of 87,696 ounces as we begin a year focused on operational excellence and optimization at both assets," stated Renaud Adams, president and CEO. "At Rainy River, we achieved quarter over quarter production growth despite lower tonnes mined as a result of an increase in COVID-19 cases at site in the first part of the quarter, which impacted equipment utilization, and the cold weather affecting drilling productivity. The milling rate was also impacted during the quarter due to mechanical maintenance on the SAG mill and crusher, and weather conditions impacting stockpile movement. At New Afton, the planned closure of the Lift 1 cave was completed with the exception of the recovery level, commissioning of the thickened and amended tailings facility was completed, and we continued to advance the B3 ramp-up and C-Zone development. Lastly, we released an updated Rainy River technical report where Rainy River's mine life has extended to 2031 with the conversion of an additional 569,000 gold ounces in the underground main zones."
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GRPN | Hot Stocks06:36 EDT Groupon shareholder Jan Barta buys $6.23M in common stock - In a regulatory filing, Groupon disclosed that its shareholder Jan Barta of Pale Fire Capital bought 310K shares of common stock on April 7th in a total transaction size of $6.23M.
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AL... | Hot Stocks06:35 EDT Air Lease announces Q1 activity update - Air Lease (AL) announced an update on aircraft investments, sales, new significant financing, and other activity occurring in the first quarter of 2022. As of March 31, ALC's fleet was comprised of 391 owned aircraft and 93 managed aircraft, with 451 new aircraft on order from Boeing (BA) and Airbus (EADSY) set to deliver through 2028. Aircraft Investments: Delivered eight new aircraft from ALC's order book including one Airbus A320neo, two Airbus A321neos, one Airbus A330-900neo, three Boeing 737-8s, and one Boeing 737-9; Purchased one incremental Boeing 737-800, which was concurrently leased to an ALC customer; Aircraft investments in the quarter totaled approximately $490M. Sales: No aircraft sales occurred during the quarter. Financing: Issued $1.5B of senior unsecured medium-term notes comprised of $750M of 2.20% senior unsecured medium-term notes due 2027, and $750M of 2.875% senior unsecured medium-term notes due 2032. Russia Exposure: "In March of 2022, we terminated leases for all ALC aircraft on lease to Russian airline customers. We currently have 21 owned aircraft remaining in Russia, representing approximately 3.4% of our fleet by net book value as of March 31, 2022."
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HL | Hot Stocks06:34 EDT Hecla Mining reports Q1 silver production 3.3M ounces, up 3% from last quarter - Hecla Mining Company announced its preliminary silver and gold production for the Q1. Highlights include: Silver production of 3.3 million ounces, an increase of 3% over the Q4 of FY21 due to higher grades mined at Greens Creek; Gold production of 41,642 ounces; Lead and Zinc production was in line with the prior quarter; Silver equivalent production of 9.7 million ounces, gold equivalent production of 123,537 ounces. "Hecla, United States' largest silver producer with the country's largest reserves, saw solid production from all three operations," said Hecla's President and CEO Phillips S. Baker, Jr. "Greens Creek's production increased due to slightly higher grades. Lucky Friday's production has now had six quarters with production above 830 thousand ounces, positioning production to grow to over a million ounces a quarter for the remainder of the year. At Casa Berardi, production was as planned with the mill processing more 160 Pit material. Hecla is on track to grow silver production this year and for each of the next two years while also being the United States' third largest zinc producer. Zinc, like silver, is a critical mineral in the energy transition and is approaching its all-time high price set 15 years ago."
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OGI | Hot Stocks06:10 EDT Organigram says it is better equipped to fulfill demand in FY22 - The company said, "the continuation of shipments to Canndoc in Israel and Cannatrek in Australia is expected to generate higher sequential revenue in FY22 as compared to FY21. The Company believes it is better equipped to fulfill demand in FY22 with larger harvests expected compared to FY21. Revenues in FY22 to date included two shipments to Canndoc that totaled approximately $7.0M, and one shipment to Cannatrek for approximately $1.0M. Orders received from other international customers support the Company's expectation of continued revenue growth from FY21 to FY22. Organigram expects to be positioned to generate further revenue growth from the production of soft chews/gummies and other edible products. The Company also expects to realize additional revenue through the recent acquisition of Laurentian and will make growth-focused capital expenditures at Laurentian which have the potential to further increase EBITDA generation. Since the acquisition, the Company has accelerated the distribution and sale of Tremblant Cannabis, its flagship hash brand in Ontario, increasing distribution from 25% to 40% of retail stores and growing quarterly sales by 21% compared to Laurentian's sales in the three months ended November 30. By leveraging Organigram's industry-leading national distribution and field sales network, Laurentian products will be available in all Canadian provinces in FY22."
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JPM | Hot Stocks06:09 EDT JPMorgan: 'Majority' want Dimon to be chair when he steps down as CEO - JPMorgan said in a regulatory filing last week that as part of the annual review of its leadership structure, this year, the Board considered how shareholders may best be served upon the next management transition. "The Board recognizes the support received by a shareholder proposal at the Firm's 2021 Annual Meeting requesting separation of the Chair and CEO roles at the next change in leadership. Following that meeting, the Board asked the Firm to broaden its usual scope of shareholder outreach, with a heightened focus on obtaining feedback on the potential separation of the Chair and CEO roles in the context of CEO succession planning. Ultimately, the Firm received feedback from shareholders across more than 50 engagements, representing approximately half of the Firm's outstanding common stock, and presented the results of the engagements to the Board. While our shareholders recognized the importance of the Board's ability to determine its leadership structure in the context of the current structure, many expressed a general preference for separate Chair and CEO positions. Notably, a substantial majority of those with whom we engaged, including most of our top holders, indicated support for a policy that would enable our current CEO to serve as non-executive Chair at the next leadership transition. In consideration of this feedback, the Board has adopted a new policy reflected in its Corporate Governance Principles that, upon the next CEO transition, the Chair and CEO positions will be separate, subject to the Board's determination of the leadership structure that best serves the Firm and its shareholders at that time."
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OGI | Hot Stocks06:09 EDT Organigram expects Q3 revenue to be higher than Q2 - The company said, "Organigram currently expects Q3 revenue to be higher than Q2. This expectation is largely due to ongoing sales momentum, stronger forecasted market growth, the Company's expanded product line in multiple segments, greater capacity to meet demand at the Moncton Campus, increased throughput at the Winnipeg facility and the Laurentian acquisition. Net revenue growth is expected from the Company's products as evidenced by Organigram's growing national adult-use recreational retail market share from 7.6% in Q1 of September 2021 to 8.4% in March 2022."
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AGLE | Hot Stocks06:07 EDT Aeglea BioTherapeutics submits pegzilarginase BLA to FDA - Aeglea BioTherapeutics announced that it has submitted a biologics license application, or BLA, to the FDA for pegzilarginase for the treatment of Arginase 1 Deficiency, or ARG1-D. Aeglea requested FDA Priority Review at the time of the BLA submission.
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KBR GE | Hot Stocks06:06 EDT KBR announces settlement agreement with JKC, power plant subcontractor - KBR (KBR) announced that JKC Australia LNG joint venture, in which KBR has a 30% ownership interest, and Kellogg Brown & Root Pty Ltd entered into a conditional settlement agreement to resolve outstanding claims and disputes between JKC and its power plant subcontractor, the consortium comprising: the unincorporated joint venture between CH2M Hill Australia Pty Limited and UGL Infrastructure Pty Limited, General Electric (GE) and General Electric International. As a result of the settlement agreement, KBR expects to receive approximately $271M of cash in two payments: $203M in April and $68M in March 2023, at prevailing exchange rates. KBR expects to report a non-cash loss of approximately $140M in its Q1 results for the period ended March 31. The settlement agreement remains conditional and the outstanding arbitration between JKC and the consortium is proceeding until the conditions are satisfied. If any member of the consortium fails to take the actions necessary to satisfy the conditions to the settlement agreement, the settlement agreement will become void. Should the conditions of the settlement agreement be satisfied, the parties agree to withdraw all claims and terminate the ongoing arbitration between the parties.
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LFUS | Hot Stocks06:01 EDT Littelfuse acquires Embed - Littelfuse announced it has acquired Embed. Founded in 2005, Embed is a proven provider of embedded software and firmware developed for a broad range of applications serving transportation end markets. Embed is headquartered in Coventry, UK. Littelfuse will share additional details about Embed during the company's Q1 of FY22 earnings conference call.
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MYOV PFE | Hot Stocks05:17 EDT Myovant Sciences, Pfizer announce deficiencies found by FDA in Myfembree sNDA - Myovant Sciences (MYOV) and Pfizer (PFE) announced an update on the supplemental new drug application, or sNDA, for Myfembree for the management of moderate to severe pain associated with endometriosis. In accordance with the ongoing review of the application, on April 6, the FDA provided notice to the companies that the agency identified deficiencies that preclude discussion of labeling and/or post-marketing requirements and commitments at this time. The FDA did not provide additional detail. The FDA noted that the letter does not reflect a final decision on the pending sNDA and that the application is still under review. Myovant and Pfizer will continue to work with the FDA to determine next steps with the application.
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VEON | Hot Stocks05:15 EDT Veon receives noncompliance notification from Nasdaq - Veon confirmed that on it received notification from the Listing Qualifications Department of Nasdaq that Veon is not in compliance with the minimum bid price requirement set forth in Nasdaq's Listing Rule 5550.
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PRTC | Hot Stocks05:14 EDT PureTech Health publishes preclinical proof-of-concept Glyph platform data - PureTech Health announced the publication of preclinical proof-of-concept demonstrating that PureTech's Glyph platform can enhance the oral bioavailability of buprenorphine, or BUP, a clinically-validated opioid replacement therapy, further expanding the range of clinically-validated drug classes shown to be amenable to the Glyph technology. The paper, published in Frontiers in Pharmacology, applies the Glyph technology to BUP, a potent analgesic that is widely used for severe pain management and opioid replacement therapy but is not currently available in an ingestible oral dosage form due to poor oral bioavailability. In preclinical models, the researchers observed increases in bioavailability of up to 20-fold and statistically significant increases in lymphatic transport.
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NOK | Hot Stocks05:12 EDT Nokia to exit Russian market, sees EUR 100M provision in Q1 - The company said, "It has been clear for Nokia since the early days of the invasion of Ukraine that continuing our presence in Russia would not be possible. Over the last weeks we have suspended deliveries, stopped new business and are moving our limited R&D activities out of Russia. We can now announce we will exit the Russian market. During this process our priority continues to be the safety and wellbeing of our employees. For humanitarian reasons, Western governments have expressed concerns about the risk of critical telecommunication network infrastructure in Russia failing. They have also emphasized the importance of ensuring the continued flow of information and access to the internet which provides outside perspectives to the Russian people. Therefore, as we exit we will aim to provide the necessary support to maintain the networks and are applying for the relevant licenses to enable this support in compliance with current sanctions. This is the most responsible course of action for Nokia to take as we exit the Russian market. Regarding the financial impact of the decision, Russia accounted for less than 2% of our net sales in 2021. Considering the strong demand we see in other regions - we do not expect this decision to impact our ability to achieve our 2022 outlook provided in the Nokia financial report for Q4 and full year 2021 issued on 3 February 2022. We expect this decision to lead to a provision in Q1 of approximately EUR 100m which will impact our reported but not comparable financials."
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ALV | Hot Stocks05:09 EDT Autoliv launches multi-year commitment to support UNRSF - Autoliv is supporting the United Nations Road Safety Fund, or UNRSF, in an effort to strengthen insights into road safety challenges, contribute to safer mobility and help deliver Autoliv's goal of saving 100,000 lives a year. By exchanging insights, knowledge, and data, Autoliv and UNRSF will actively support the Global Plan for the Second Decade of Action 2021-2030, which seeks to prevent at least 50% of road traffic deaths and injuries by 2030.
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PSFE | Hot Stocks05:05 EDT Paysafe expands partnership with Betsson into Colorado - Paysafe announced its expanded partnership with Betsson Group, the international iGaming operator with multiple online sportsbook and casino brands, including Betsafe. Building on Paysafe's longstanding payments support for Betsson globally, the company is now providing a range of traditional and alternative payment solutions to the new Betsafe online sportsbook for Colorado. The extension of Betsson and Paysafe's payments partnership to the U.S., starting in Colorado, is the latest phase of a partnership that dates back 15 years.
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WWE | Hot Stocks05:04 EDT WWE announces first UK event in 30 years to be held in Wales - WWE announced that the first major WWE stadium event to be held in the United Kingdom in more than 30 years will emanate from Principality Stadium in Cardiff, Wales, on Saturday, September 3.
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