Stockwinners Market Radar for August 22, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
SRAX | Hot Stocks21:03 EDT Srax receives Nasdaq notice of additional delinquency - SRAX "announced that on August 17, 2022, the Company received an additional delinquency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC due to the Company's continued non-compliance with Nasdaq Listing Rule 5250(c)(1), (the Rule) as a result of the Company's failure to timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and June 30, 2022, as well as the Annual Report ended December 31, 2022. As previously disclosed, the Company earlier received notice from the Staff regarding its non-compliance with the Rule following the Company's delay in the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022. "
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PACB | Hot Stocks20:08 EDT Cathie Wood's ARK Investment bought 573K shares of Pacific Biosciences today
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NVTA | Hot Stocks20:07 EDT Cathie Wood's ARK Investment bought 308K shares of Invitae today
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DNA | Hot Stocks20:05 EDT Cathie Wood's ARK Investment bought 3.34M shares of Ginkgo Bioworks today
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DNUT | Hot Stocks19:59 EDT Krispy Kreme CEO buys $378K in common stock - In a regulatory filing, Krispy Kreme disclosed that its CEO Michael Tattersfield bought 30K shares of common stock on August 18th in a total transaction size of $378K.
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FXLV | Hot Stocks19:48 EDT F45 Training investor Kennedy Lewis Management buys $2.61M in common stock - In a regulatory filing, F45 Training disclosed that Kennedy Lewis Management bought 1.21M shares of common stock on August 18th in a total transaction size of $2.61M. Shares of F45 Training are up 6.5% afterhours.
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AAPL | Hot Stocks19:41 EDT Apple CFO sells $16.9M in common stock - In a regulatory filing, Apple discloses that its CFO Luca Maestri sold 96.7K shares of common stock on August 17th in a total transaction size of $16.9M.
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GOOS | Hot Stocks19:02 EDT Canada Goose names Larry Li as President of Mainland China market - The company states: "Canada Goose announced the appointment of Larry Li as President, China, effective immediately. In this role, Li will oversee all business activities in the Mainland China market, including commercial, marketing and finance. He will be based out of the company's regional headquarters in Shanghai and report to Paul Cadman, President of Asia Pacific, Canada Goose. Li joins Canada Goose with nearly 20 years of experience in the luxury sector, having held regional senior leadership positions across retail, operations, and finance. Most recently, he was Managing Director, China at Dunhill, part of the Richemont Group, and was instrumental in the brand's repositioning and new product direction. This announcement comes as Canada Goose continues its expansion in the China market, which the company entered in 2018. Mainland China is home to Canada Goose's largest retail network, with 16 stores. In addition to the store that opened in Xi'an in May 2022, Canada Goose plans to open another three this fall in Tianjin, Qingdao and Chengdu."
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PANW | Hot Stocks18:48 EDT Palo Alto Networks CEO: Most important thing in technology is product - In an interview on CNBC's Mad Money, Nikesh Arora said Palo Alto grew billings 44% in Q4. "We're getting to the point where we're the scale player in cyber security." Arora expects cyber security to be a 15-20 year cycle. He noted that there is a lot of positive activity coming from the U.S. government.
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SONY | Hot Stocks18:28 EDT Sony says PSVR2 coming early 2023 - Sony said that PlayStation VR2, or PSVR2, will arrive in early 2023. Reference Link
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CANO... | Hot Stocks18:25 EDT Owl Creek says Cano Health worth $14 a share - Owl Creek said in a letter to Cano Health's (CANO) board of directors that it believes Cano could demand $14 per share in a potential deal. "Recent transactions support this assertion and the willingness of buyers to pay a meaningful premium to where Cano's stock has traded for much of this year," the letter reads. "For example, as recently as July, Amazon.com Inc. (AMZN) announced that it was buying 1Life Healthcare Inc. (ONEM) for $3.9 billion. Amazon is paying well over three times this year's expected revenue of One Medical, in line with where both Oak Street and agilon are valued. As we know from One Medical's merger proxy filing dated August 9, 2022, there was interest from another company besides Amazon referred to as "Party A" in the proxy. It is widely speculated that Party A is CVS Health Corporation (CVS), which has been very vocal in its interest in primary care-centric value-based care providers. In fact, CVS has stated since late last year that they have well over $10 billion in capital to deploy towards strategic initiatives with VBC at the top of the list. When asked on their first quarter earnings call on May 4, 2022, as to why they have yet to announce a deal, CVS CFO Shawn Guertin said, "We've evaluated a range of assets in and around the care delivery space. I'll remind you most of these assets aren't up for sale. And so that dialogue starts a process." They may have started the process with One Medical, but Amazon finished it. On their second quarter earnings call on August 3, 2022, CVS CEO Karen Lynch, in response to the first question specifically referencing the One Medical deal, stated, "we can't be in primary care without M&A." CVS and the other managed care companies are clearly prime candidates with which to discuss alternatives. CVS has also been named as a suitor for Signify Health and it was reported late yesterday that Amazon, UnitedHealth Group (UNH) and Option Care Health are interested in the home-health-services provider. If Cano had an enterprise value equal to three times this year's expected revenue like Oak Street Health (OSH) and agilon (AGL) do, or one similar to what Amazon is paying for One Medical, that would increase the valuation by more than $4.5 billion, equating to a share price of approximately $14."
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CANO | Hot Stocks18:07 EDT Owl Creek urges Cano Health to pursue strategic alternatives, including sale - Owl Creek Asset Management, on behalf of its affiliated investment funds, sent a letter to the Cano Health board of directors strongly encouraging the company to pursue strategic alternatives by engaging with investment bankers and other advisors to pursue a sale to a strategic buyer. "While we believe in the Company's business model and management's ability to execute the post "de-SPAC" business plan, the past year's roller coaster of accounting issues has shaken our confidence," the letter reads. "We feel that Cano's continued growth will require a larger and stronger vertically integrated partner with access to the capital needed to execute the Company's business plan. So, we were encouraged to hear on the second quarter earnings call that you are "open to considering all strategic alternatives to accelerate value creation." We strongly encourage you to actively pursue these strategic alternatives by engaging with investment bankers and other advisors to pursue a sale of the Company to a strategic buyer." As of August 19, 2022, Owl Creek owns 8,685,171 shares of Cano Health, representing 3.745% percent of the Class A equity of the company.
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MNRL | Hot Stocks18:03 EDT Brigham Minerals acquires interests in Midland Basin for $132.5M - Brigham Minerals has entered into a definitive purchase and sale agreement to acquire certain mineral and royalty interests in the Midland Basin from royalty funds managed by Avant Natural Resources and its affiliates for approximately $132.5M in cash subject to certain closing adjustments. Brigham is acquiring approximately 3,900 net royalty acres in the core of the Midland Basin in Martin and Midland Counties to be developed by operators including Endeavor Energy Resources, Pioneer Natural Resources and ExxonMobil with a 2023 estimated production totaling between 750 - 950 boepd with 60% oil and a 2023 estimated mid-teens EBITDA yield. Brigham intends to finance the acquisition through a combination of cash on hand and borrowings under the company's revolving credit facility. Post-close pro forma liquidity is expected to total approximately $124M and less than 0.6x net debt / Adj. LQA EBITDA. The acquisition is anticipated to close in mid-October, subject to continued diligence and closing conditions.
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CCEL | Hot Stocks18:01 EDT Cryo-Cell announces special cash dividend of 90c per share - The dividend is to be paid to shareholders of record as of the close of business on September 2, 2022.
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WBD | Hot Stocks17:48 EDT WarnerMedia says 'House of the Dragon' debut episode drew 9.986M viewers - Warner Bros. Discovery's WarnerMedia said that the premiere of "Game of Thrones" spinoff show "House of the Dragon" drew 9.986M viewers across linear and HBO Max platforms in the U.S. Sunday night, the largest audience for any new original series in the history of HBO. The premiere also marked the largest series launch on HBO Max across the U.S., LatAm, and EMEA, driving an unprecedented level of concurrent streams on the platform. Typically, Sunday night viewership for a HBO series will represent just 20%-40% of the show's total gross audience. "It was wonderful to see millions of 'Game of Thrones' fans return with us to Westeros last night. 'House of the Dragon' features an incredibly talented cast and crew who poured their heart and soul into the production, and we're ecstatic with viewers' positive response," said Casey Bloys, Chief Content Officer, HBO & HBO Max. "We look forward to sharing with audiences what else George, Ryan, and Miguel have in store for them this season." Additionally, the original "Game of Thrones" series just wrapped its strongest week on HBO Max to date, capping off a seven-week stretch of week-over-week growth in engagement leading up to the premiere of "House of the Dragon." The weekly average for "Game of Thrones" in August is nearly 90% above June and nearly 50% above July. Reference Link
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FINV | Hot Stocks17:37 EDT FinVolution Group expands share repurchase program to $140M - FinVolution Group approved the expansion of FinVolution's existing share repurchase program from up to $60M to up to $140M and the extension for another twelve months from January 1, 2023 through December 31, 2023, which allows the company to repurchase its own Class A ordinary shares in the form of ADSs with an aggregate value of up to $140M until December 31, 2023. This share repurchase program was initially approved by the board of directors of the company on August 24, 2020 and an extension of the term of this share repurchase program until December 31, 2022 was approved by the board of directors of the company on November 17, 2021. FinVolution plans to fund the repurchases out of its existing cash balance or future cash provided by its operating activities.
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FOUN | Hot Stocks17:31 EDT Founder SPAC, Rubicon Technologies consummate business combination - On Friday August 19, the company disclosed in an 8-k filing that: "On August 15, 2022, Rubicon Technologies consummated the previously announced business combination pursuant to that certain Agreement and Plan of Merger, dated as of December 15, 2021, by and among Founder, Ravenclaw Merger Sub LLC, a Delaware limited liability company and wholly-owned subsidiary of Founder, Ravenclaw Merger Sub Corporation 1, a Delaware corporation and wholly owned subsidiary of Founder, Ravenclaw Merger Sub Corporation 2, a Delaware corporation and wholly owned subsidiary of Founder, Ravenclaw Merger Sub Corporation 3, a Delaware corporation and wholly owned subsidiary of Founder, Boom Clover Business Limited, a British Virgin Islands corporation, NZSF Frontier Investments Inc., a Delaware corporation,, PLC Blocker A LLC, a Delaware limited liability company, and Rubicon Technologies, LLC, a Delaware limited liability company."
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ATRI | Hot Stocks17:22 EDT Atrion raises quarterly dividend from $1.95 to $2.15 per share - This dividend will be payable on September 30, 2022 to stockholders of record at the close of business on September 15, 2022.
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RPAY | Hot Stocks17:16 EDT Chairman of Repay Holdings Kight buys over $1M in company shares - Chairman of Repay Holdings Peter Kight disclosed in a regulatory filing that he had purchased 108,577 shares of company stock at $9.75 per share between August 18 and August 19 for a total transaction amount of $1,058,267.
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TJX | Hot Stocks17:05 EDT TJX exec Canestrari sells 29,977 common shares - In a regulatory filing, TJX senior executive VP and Group President Kenneth Canestrari disclosed the sale of 29,977 common shares of the company on August 18 at a price of $68 per share.
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BAESY | Hot Stocks17:04 EDT BAE Systems awarded $278M U.S. Army contract - BAE Systems Land & Armaments was awarded a $278,182,786 firm-fixed-price contract for production units, spare parts and contractor logistics support for the Cold Weather All-Terrain Vehicle by U.S. Army. Bids were solicited via the internet with two received. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 19, 2029.
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TJX | Hot Stocks17:04 EDT TJX executive chairman Meyrowitz sells 70,720 common shares - In a regulatory filing, TJX executive chairman Carol Meyrowitz disclosed the sale of 70,720 common shares of the company on August 18 at a price of $67.6197 per share.
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TJX | Hot Stocks17:03 EDT TJX exec Greenlees sells 8,822 common shares - In a regulatory filing, TJX senior executive VP and Group President Louise Greenlees disclosed the sale of 8,822 common shares of the company on August 18 at a price of $68 per share.
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VST | Hot Stocks17:03 EDT Vistra appoints Stacey Dore as Chief Strategy & Sustainability Officer - Vistra announced that Stacey Dore will be joining the company as its first Chief Strategy and Sustainability Officer and Executive VP of Public Affairs, effective Aug. 23. Dore previously worked for Vistra's predecessor companies. Dore most recently served as President and CEO of Hunt Utility Services and Sharyland Utilities, an electric utility within the Electric Reliability Council of Texas market, from 2019-2021. Prior to that role, she was Senior VP and General Counsel for publicly traded InfraREIT. Dore originally joined Vistra's predecessor companies in 2008 as part of the legal team where she served in several leadership roles. Dore is a member of the board of directors for Williams energy infrastructure company.
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TJX | Hot Stocks17:03 EDT TJX CFO sells 16,551 common shares - In a regulatory filing, TJX CFO Scott Goldenberg disclosed the sale of 16,551 common shares of the company on August 18 at a price of $68 per share.
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KKR GCMG | Hot Stocks16:48 EDT KKR invests in renewable energy developer Arevia Power - KKR (KKR) has led a significant structured investment in Arevia Power, a U.S. renewable energy developer, with strategic participation by GCM Grosvenor (GCMG). The investment aims to support the company's accelerated growth and development of new solar and wind projects throughout the U.S: Founded in 2015, Arevia is a solar and wind project developer that originates, permits, and manages renewable energy projects through their lifecycle. In tandem with the investment, Arevia has executed a Responsible Contractor Policy for its entire clean energy portfolio throughout the U.S. KKR is making its investment in Arevia from its managed insurance accounts. The investment from GCM Grosvenor will come from its infrastructure practice.
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KSS | Hot Stocks16:48 EDT Kohl's Director Boneparth buys over $750K in company shares - Director of Kohl's Peter Boneparth disclosed in a regulatory filing that he had purchased 25,000 shares of company stock at $30.01 per share, on August 19, for a total transaction amount of $750,130. $750,130 ISSUER: Kohls Corporation SYMBOL: KSS FILER: Boneparth Peter TITLE: Director DATE TRANSACTION SHARES PRICE VALUE 8/19/22 Purchase 25,000 $30.01 $750,130 OWNERSHIP: 70,700 (Direct) urchase 25,000 $30.01 $750,130
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DALN | Hot Stocks16:38 EDT DallasNews approves special $1.50 dividend, pension contribution - DallasNews' Board of Directors has approved a special dividend of $1.50 per share payable on September 30 to shareholders of record at the close of business on September 9. The Board also approved a voluntary contribution to the company's pension plans of $5M, which will be made prior to September 15, 2022. On July 29, the company received full payment of a note related to the 2019 sale of its former headquarters campus in Downtown Dallas. The total proceeds were $22.52M, which includes interest on the note. The amount of the special dividend being paid on September 30 is approximately $8M, which combined with the voluntary pension plan contribution totals approximately $13M. The remainder of the cash received from the headquarters note, approximately $10M, will be retained on the company's balance sheet. Following payment of the special dividend, cash on the balance sheet as of September 30 is projected to be approximately $33M.
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ARHS | Hot Stocks16:32 EDT Arhaus names Tim Kuckelman as COO - Arhaus announced that Tim Kuckelman will join the company in the new role of COO at the end of September. He will report directly to John Reed, Arhaus Co-Founder and CEO. Kuckelman comes to Arhaus after spending the past two years at Fashionphile Group as COO.
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ADIL | Hot Stocks16:32 EDT Adial Pharmaceuticals appoints Cary Claiborne CEO - Adial Pharmaceuticals announced the appointment of Cary Claiborne as president and CEO. Claiborne, who has 18 years of experience in leadership roles with clinical and commercial stage, publicly traded biopharmaceutical companies, takes over the role of William Stilley, who was appointed to the newly created position of CEO of Purnovate. Both executives will remain on the board of Adial. The company also announced that Kevin Schuyler, who has served as vice chairman and as an independent director, has been appointed chairman.
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LDOS LHX | Hot Stocks16:32 EDT Leidos selected by NAVSEA for unmanned undersea vehicle - Leidos (LDOS) was recently selected by the U.S. Naval Sea Systems Command, or NAVSEA, to design and build a medium-size unmanned undersea vehicle. The single award, cost-plus-fixed-fee contract holds an approximate value of $358M if all options are exercised. Work will be performed primarily in Lynnwood, Washington. "Our decades of experience fielding unmanned technology coupled with our familiarity with the ever-changing needs of the fleet, enables us to provide this critical capability to our warfighters at speed and scale," said Mike Rickels, Leidos Senior Vice President of C4ISR Solutions. "We look forward to building upon our long-standing relationship with the Navy and supporting their critical national security mission." The medium unmanned undersea vehicle will support intelligence preparation of the operational environment by providing submarine-based autonomous oceanographic sensing and data collection for the Navy. The MUUV will also provide surface-launched and recovered mine countermeasures. Leidos will work with several partners to deliver this critical technology, including L3Harris Technologies (LHX).
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NS | Hot Stocks16:28 EDT NuStar Energy chairman Greehey acquires 110,299 common units - In a regulatory filing, NuStar Energy chairman William Greehey disclosed the purchase of 110,299 common units of the company on August 18 at a price of $15.8141 per share.
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ZM | Hot Stocks16:25 EDT Zoom Video drops 6% to $91.84 after cutting 2023 outlook
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BLKB | Hot Stocks16:18 EDT Blackbaud acquires Kilter engagement app - Blackbaud has acquired Kilter. The acquisition will allow Blackbaud to expand activity-based peer-to-peer fundraising engagement, and to support activity-based health and wellness initiatives for socially responsible companies. Kilter is an intuitive, gamified, activity-based engagement app boasting virtually limitless activity type choices. Blackbaud will leverage Kilter to support activity-based fundraising for Blackbaud TeamRaiser, an event-based fundraising software. In the future, Blackbaud also plans to extend Kilter's capabilities to YourCause CSRconnect customers, with integration to YourCause CSRconnect coming later in 2023. The app will be introduced to select customers in late 2022.
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GERN | Hot Stocks16:18 EDT Geron doses first patient in IMproveMF phase 1 study - Geron "announced that the first patient has been dosed in IMproveMF, a Phase 1 study evaluating imetelstat, a first-in-class telomerase inhibitor, in combination with ruxolitinib in patients with frontline myelofibrosis. IMproveMF is a single arm, open label, two-part Phase 1 study to evaluate the safety, pharmacokinetics, pharmacodynamics and clinical activity of imetelstat in combination with ruxolitinib as a frontline treatment in patients with Intermediate-2 or High-risk MF. In both parts, patients will receive ruxolitinib followed by imetelstat, a dosing schedule that showed synergistic and additive effects of the two drugs in preclinical experiments. Part 1 will enroll up to 20 frontline MF patients who, at the time of enrollment, have received an optimized dose of ruxolitinib, to which imetelstat treatment will be added at increasing dose levels based on safety and tolerability. The primary purpose of Part 1 is to identify a safe dose for treating frontline MF patients with a combination of imetelstat and ruxolitinib. If a safe dose is identified in Part 1, participants in Part 2 will be JAK inhibitor naive and will receive treatment with ruxolitinib after screening and enrollment at a starting dose based on standard-of-care or local prescribing information. Treatment with single-agent ruxolitinib will continue for at least 12 weeks, including four consecutive weeks at a stable dose prior to the addition of imetelstat. Part 2 is designed to confirm the safety profile of imetelstat in combination with ruxolitinib and to evaluate for preliminary clinical activity of the combination. Geron expects to present preliminary results from this study by the end of 2023."
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BIOC | Hot Stocks16:17 EDT Biocept discloses Deficiency Notice from Nasdaq on 10-Q filing - Biocept "announces that it received a notice on August 17, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market LLC advising Biocept that it was not in compliance with Nasdaq's continued listing requirements under the Nasdaq Listing Rule 5250 as a result of its failure to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 in a timely manner. Under Nasdaq rules, Biocept has 60 calendar days from the receipt of the Notice, or until October 17, 2022, to submit a plan to regain compliance with the Rule. "
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SON | Hot Stocks16:16 EDT Sonoco Products to increase paperboard prices in EMEA region - Sonoco-Alcore S.a.r.l. announced that due to the continued escalation in the cost of European energy it will raise prices by EUR 70 per tonne on all recycled paperboard grades sold in the company's EMEA regions effective for shipments made on or after September 1. "In light of the significant increases seen across the recent energy markets, the uncertainty facing the forthcoming winter period and the resultant impact on our supply costs we have no choice but to raise prices accordingly," said Phil Woolley, Vice President - Paper Europe. "We will continue to monitor the situation closely and will take every action necessary to maintain supplies to our customers. We cannot however rule out further increases or surcharges being required at this stage." Sonoco Alcore S.a.r.l. is wholly owned by Sonoco and operates 24 tube and core plants and five paperboard mills in Europe.
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IVC | Hot Stocks16:16 EDT Invacare announces cooperation agreement with Azurite Management - Invacare announced that it has entered into a cooperation agreement with its largest shareholder, Azurite Management LLC, which currently owns approximately 10.3% of the company's outstanding shares as of June 30, 2022. As part of the agreement, Invacare appointed two new independent directors, Steven H. Rosen and Ambassador Edward F. Crawford, effective immediately. Rosen will serve on the company's Audit and Compensation and Management Development Committees, and Ambassador Crawford will serve on the company's Nominating and Governance Committee. "Following constructive dialogue and collaboration with Azurite, we are pleased to strengthen our Board with the addition of Mr. Rosen and Ambassador Crawford. They bring a wealth of experience in operations and business transformation, and their familiarity with Invacare's history will be invaluable. We look forward to collaborating with them on ways to accelerate our business evolution and enhance profitability," said Matt Monaghan, chairman, president and chief executive officer. As a result of other business commitments, Julie A. Beck and Stephanie L. Fehr have resigned from the Board effective August 22, 2022. Monaghan commented, "I would like to thank Julie and Stephanie for their exemplary service to Invacare and wish them the best in their future endeavors." With the changes announced today, the number of Invacare directors remains at eight total members, seven of whom are independent. The company remains committed to appointing at least one director who is racially and/or ethnically diverse by the next annual meeting. Under the terms of the cooperation agreement between Invacare and Azurite, Azurite has agreed to customary standstill, voting and other provisions
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FLXS | Hot Stocks16:14 EDT Flexsteel Industries falls 7% to $16.95 after Q4 results
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FLXS | Hot Stocks16:13 EDT Flexsteel Industries CEO says market headwinds may pressure first half of FY23 - CEO Jerry Dittmer adds: "Given my confidence in our team's commitment to profitable growth, we enter fiscal 2023 well positioned to successfully face the challenges ahead while still delivering improved earnings and a stronger balance sheet. We are focused on inventory management and successfully reduced inventory levels by $19.9 million versus where we ended a year ago. We expect reductions in inventory to generate positive operating cash flow in the fiscal year 2023 as we continue to right-size our inventory levels. In summary, we're enthusiastic about the long-term growth opportunities for the Company while being mindful of the short-term challenges we will face ahead and are making the right strategic decisions now to realize our growth potential. While our long-term growth outlook remains promising, there are a few market headwinds which we are navigating in the short-term that may create pressure on our first half profit results for fiscal 2023. First, consumer demand is waning due to the slowing of the economy and demand normalization compared to the pandemic-induced spending of recent years. At the same time, retailers are receiving a significant amount of imported inventory, leading to an inventory glut at most retailers. These historically high levels of inventory may lead to aggressive pricing actions taken by competitors in order to continue to move inventory. Second, cost inflation remains a prominent risk. We realized major cost increases during the past fiscal year in virtually all our raw materials and finished goods as well as labor and domestic transportation. Continued imbalances between supply and demand for these resources may continue to exert upward pressure on costs. In response to all these factors, we continue to prudently manage discretionary SG&A expenditures, pursue new sources of profitable growth, and drive cost efficiencies to partially offset these margin pressures until cost increases and supply chain disruptions are alleviated. We believe the next twelve months will be challenging for our industry due to slowdowns in the economy and furniture demand, continued inflationary pressures, and bloated retailer inventory levels which will put pressure on our profit margins in the near term. However, I am confident that our team and the investments we made in fiscal 2022 will provide a solid foundation for long-term profitable growth. Production at our third and newest manufacturing plant in Juarez, Mexico accelerated the reduction of our backlog, sustaining our advantage service levels in the market. Our new distribution center in Greencastle, Pennsylvania is supporting improved service levels and growth on the East Coast. While these recent investments to expand North American capacity may be underutilized in the near term, they will support improved customer service levels, build supply chain resiliency and provide meaningful capacity for future growth. These initiatives combined with ongoing investments in talent, product innovation, digital capabilities, and our brands, position us well to compete effectively in the near term as well as achieve our longer-term growth ambitions."
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LXRX | Hot Stocks16:12 EDT Lexicon announced publications on sotagliflozin and cardiovascular disease - Lexicon Pharmaceuticals announced a series of publications concluding that sotagliflozin's differentiated dual SGLT1 and SGLT2 mechanism of action may have implications for cardiovascular disease. Two posters will be presented on August 28th and August 29th at the 70th annual European Society of Cardiology Congress, highlighting protein expression analyses comparing sotagliflozin, a dual SGLT1 and SGLT2 inhibitor, with a selective SGLT2 inhibitor in cell-based models relative to inflammation and thrombosis. "We believe these studies add to the growing body of evidence of the potential benefits of dual SGLT1 and SGLT2 inhibition, and the differentiating effects of the SGLT1 component of sotagliflozin's mechanism of action on measures with potential implications for cardiovascular disease" said Dr. Craig Granowitz, Lexicon's senior vice president and chief medical officer. "The results of these studies offer mechanistic evidence supporting the cardioprotective results observed in the SCORED and SOLOIST-WHF Phase 3 cardiovascular outcomes studies which form the basis of Lexicon's new drug application for FDA approval of sotagliflozin for the treatment of heart failure, including in patients with acute or worsening heart failure."
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PANW | Hot Stocks16:11 EDT Palo Alto Networks CEO 'pleased' with Q4 results - "We were pleased by our fourth quarter results, which included GAAP profitability for the first time in four years. Next-Generation Security growth, driven by our rapid pace of innovation and strong sales execution, drove our results," said Nikesh Arora, chairman and CEO of Palo Alto Networks. "As cybersecurity posture remains critical, our integrated three-platform strategy continues to drive large deal momentum as we consolidate and simplify our customers' security architectures." "Our focus on maximizing total shareholder return in any environment was exhibited by strong revenue and billings growth, paired with non-GAAP operating margin and non-GAAP adjusted free cash flow margin expansion in fiscal year 2022," said Dipak Golechha, CFO of Palo Alto Networks. "As we enter fiscal year 2023, we look forward to again delivering this balance of growth and margin expansion, while also achieving GAAP profitability for the year."
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PANW | Hot Stocks16:10 EDT Palo Alto Networks jumps 6% to $538.80 after Q4 results, FY23 guidance top ests
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PANW | Hot Stocks16:09 EDT Palo Alto Networks board approves three-for-one stock split - Palo Alto Networks announced that the board of directors has approved and declared a three-for-one split of Palo Alto Networks' common stock in the form of a stock dividend. Each stockholder of record at the close of business on September 6 will receive, after the close of business on September 13, two additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on September 14.
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PANW | Hot Stocks16:08 EDT Palo Alto Networks board authorizes additional $915M for share repurchase - The board of directors authorized an additional $915M for share repurchase, increasing the remaining authorization for future share repurchases to $1B, expiring December 31, 2023.
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OPNT | Hot Stocks16:07 EDT Opiant Pharmaceuticals announces notice of allowance from USPTO - Opiant Pharmaceuticals announced that the United States Patent and Trademark Office, or USPTO, has issued a Notice of Allowance for Opiant's pipeline candidate OPNT004 for the treatment of cannabinoid hyperemesis syndrome, a condition among cannabis users that leads to repeated and severe bouts of vomiting. A Notice of Allowance is issued after the USPTO decides that a patent can be granted from an application. The USPTO issued a Notice of Allowance for U.S. Patent Application 16/904,359, entitled "Compositions and methods for treating cannabinoid hyperemesis syndrome with a cannabinoid receptor antagonist" for OPNT004. This patent covers OPNT004 as a method of treatment for CHS using drinabant administered as a parenteral formulation. Opiant expects this patent to issue within the next few months and expire no earlier than 2040.
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AMRN | Hot Stocks16:03 EDT Amarin sinks after reimbursement talks with Germany fail - Amarin shares fell Monday after the company disclosed late Friday that Amarin Deutschland GmbH, its wholly-owned subsidiary, could not research a "viable agreement" with Germany on the reimbursement price of Vazkepa. As a result, Amarin will cease commercial activities in Germany, effective September 1. Amarin estimates that it will incur a charge of approximately $4M related to the outcome of German price negotiations. Amarin expects to record this charge in Q3. The shares closed Monday down 19% to $1.28.
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EGIO | Hot Stocks16:01 EDT Edgio names Stephen Cumming CFO, Rich Diegman CLO - Edgio announced the appointment of Stephen Cumming as chief financial officer and Rich Diegnan as chief legal officer. "We are excited to have Stephen and Rich join us. Their proven operational and strategic leadership will help us continue building positive momentum," said Bob Lyons, Edgio CEO. Stephen Cumming joins Edgio from network infrastructure company, Cambium Networks, where he was the CFO and took the company public in 2019. Before Cambium, Stephen was the CFO at privately-held SaaS company, Kenandy, which was successfully sold to Rootstock. Prior to that, Stephen held senior leadership positions as CFO at Atmel Corporation and Fairchild Semiconductor where he helped drive growth and profitability improvements both domestically and internationally.
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REV | Hot Stocks14:09 EDT Revlon trading resumes
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REV | Hot Stocks14:07 EDT Revlon falls 11% to $7.56 after WSJ report on court filing
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REV | Hot Stocks14:04 EDT Revlon trading halted, volatility trading pause
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VALU | Hot Stocks14:02 EDT Value Line trading resumes
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VALU | Hot Stocks13:57 EDT Value Line trading halted, volatility trading pause
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WETG | Hot Stocks13:38 EDT WeTrade Group Inc trading resumes
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WETG | Hot Stocks13:33 EDT WeTrade Group Inc trading halted, volatility trading pause
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MTN | Hot Stocks12:18 EDT Vail Resorts to limit lift tickets throughout 2022/2023 season - Vail Resorts announced the opening dates of its 37 North American resorts and shared that it will limit lift ticket sales throughout the entirety of the 2022/2023 season "to prioritize the mountain experience for its guests." James O'Donnell, president of Vail Resorts' Mountain division, said, "Limiting lift tickets throughout the season, alongside the big investments we're making at our resorts and in our team members, will help us provide our guests with an Experience of a Lifetime this winter." Guests can also expect "more normal indoor operations this season as dining facilities will no longer require proof of COVID-19 vaccinations or dining reservations," Vail added.
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ADCT | Hot Stocks12:00 EDT ADC Therapeutics falls -11.2% - ADC Therapeutics is down -11.2%, or -94c to $7.48.
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CVNA | Hot Stocks12:00 EDT Carvana falls -11.2% - Carvana is down -11.2%, or -$4.73 to $37.57.
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AMC | Hot Stocks12:00 EDT AMC Entertainment falls -38.3% - AMC Entertainment is down -38.3%, or -$6.90 to $11.12.
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APRN | Hot Stocks12:00 EDT Blue Apron rises 9.5% - Blue Apron is up 9.5%, or 46c to $5.32.
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CANO | Hot Stocks12:00 EDT Cano Health rises 16.1% - Cano Health is up 16.1%, or 78c to $5.59.
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SGFY | Hot Stocks12:00 EDT Signify Health rises 33.8% - Signify Health is up 33.8%, or $7.16 to $28.36.
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UBSFY DIS | Hot Stocks11:59 EDT Ubisoft says it is not working on a 'Blade' video game - Ubisoft (UBSFY) denied rumors that it is working on a video game based on Marvel's (DIS) "Blade" franchise. The company said, "Sorry to slice up the rumors, we're not making a Blade game but we can't wait to see what our friends at Marvel Studios are cooking up for next year's movie!"
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ACT | Hot Stocks11:47 EDT Enact Holdings appoints Neenu Kainth as chief customer experience officer - Enact Holdings announced Neenu Kainth as the company's new Chief Customer Experience Officer. Kainth most recently served as EVP Chief Digital Officer at Newrez.
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ACT | Hot Stocks11:47 EDT Enact Holdings appoints Neenu Kainth as chie customer experience officer - Enact Holdings announced Neenu Kainth as the company's new Chief Customer Experience Officer. Kainth most recently served as EVP Chief Digital Officer at Newrez.
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NVAX | Hot Stocks11:15 EDT CDC recommends Novavax COVID vaccine for ages 12 to 17 - Centers for Disease Control and Prevention Director Rochelle Walensky signed a decision memo that Novavax's COVID-19 vaccine be used as another primary series option for adolescents ages 12 through 17. The recommendation follows FDA's authorization to authorize the vaccine for this age group under emergency use. "Novavax's COVID-19 vaccine, which is available now, is an important tool in the pandemic and provides a more familiar type of COVID-19 vaccine technology for adolescents. Having multiple types of vaccines offers more options and flexibility for the public, jurisdictions, and vaccine providers," the CDC said in a statement. Reference Link
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PET | Hot Stocks10:55 EDT CHW Acquisition Corp trading resumes
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PET | Hot Stocks10:50 EDT CHW Acquisition Corp trading halted, volatility trading pause
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MICS | Hot Stocks10:36 EDT Singing Machine Company Inc trading resumes
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PFE BNTX | Hot Stocks10:34 EDT Pfizer, BioNTech submit appliation to FDA for Omicron vaccine - Pfizer (PFE) and BioNTech (BNTX) announced they have completed a submission to the Food and Drug Administration requesting Emergency Use Authorization of a booster dose of an Omicron BA.4/BA.5-adapted bivalent COVID-19 vaccine for individuals 12 years of age and older. The application follows guidance from the FDA to include clinical data from the companies' bivalent Omicron BA.1-adapted vaccine and pre-clinical and manufacturing data from the companies' bivalent Omicron BA.4/BA.5-adapted vaccine to address the continued evolution of SARS-CoV-2. Pending authorization, the Omicron BA.4/BA.5-adapted bivalent vaccine will be available to ship immediately, they said in a statement. A conditional marketing authorization application has also been initiated with the European Medicines Agency for the Omicron BA.4/BA.5-adapted bivalent vaccine and is expected to be completed in the coming days, the companies added.
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MICS | Hot Stocks10:31 EDT Singing Machine Company Inc trading halted, volatility trading pause
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HNST | Hot Stocks10:19 EDT GNC deepens partnership with Honest Company - NC announced that is has deepened its partnership with The Honest Companythrough an exclusive retail partnership launching four new products available only at GNC and The Honest Company beginning in August. The products include: Nightly Sleep Health: Featuring a proprietary blend of active ingredients including theanine and valerian to help calm the mind and support healthy sleep. Daily Mood Balance: Featuring a proprietary blend containing rhodiola and phosphatidylcholine to help manage everyday stress and a balanced mood. Daily Immune Support: Featuring a powerhouse blend of zinc, vitamin D and organic green propolis, to support everyday immune health. Postnatal Hair Wellness: Formulated with clinically tested keranat oil to help maintain hair and scalp health.
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WDH | Hot Stocks10:05 EDT Waterdrop joins United Nations Global Compact - Waterdrop announced that it has become a member of the United Nations Global Compact, the world's largest corporate sustainability initiative.
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WSC | Hot Stocks10:02 EDT Kinderhook acquires Tank and Pump form WillScot Mobile Mini for $323M - Kinderhook Industries announced the execution of a definitive agreement pursuant to which it will acquire 100% of the equity interests of Gulf Tanks Holdings from WillScot Mobile Mini Holdings for an enterprise value of approximately $323 million. The transaction is subject to customary closing conditions and regulatory approval and is expected to close in the third quarter of 2022. This acquisition represents Kinderhook's 79th environmental / business services transaction and 17th public company carve out since inception. Headquartered in Baytown, Texas, Tank and Pump is a leading provider of logistics based environmental solutions focused on the containment of liquid and solid industrial waste. The Company provides environmental solutions across a diverse set of end markets through a network of 24 branches and a young fleet of over 16,000 specialized rental assets used to store, separate, and transport liquid and solid industrial waste. Tank and Pump's best in class service and prioritization of compliance through its proprietary technology platform, EnviroTrack, makes them the first choice for waste generators. The current leadership team of Tank and Pump will continue on with the new platform. Eric John, Senior Vice President of the Tank and Pump segment, will serve as the Chief Executive Officer of the newly established Tank and Pump platform post-closing.
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EZPW | Hot Stocks10:01 EDT Ezcorp launches Buy More, Earn More promotion - EZCORP announced the launch of its first-ever EZ+ Rewards Buy More, Earn More promotion. Now through Monday, September 5, 2022, members of the company's EZ+ Rewards Program, which is free to join, can earn up to four timesi the EZ Points when they buy or layaway items in participating pawn stores across EZCORP's family of US brands, including EZPAWN, Value Pawn & Jewelry, USA Pawn & Jewelry and more.
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SST | Hot Stocks10:00 EDT System1 falls -8.1% - System1 is down -8.1%, or -82c to $9.30.
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VNCE | Hot Stocks10:00 EDT Vince Holding falls -8.1% - Vince Holding is down -8.1%, or -62c to $7.00.
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WEBR | Hot Stocks10:00 EDT Weber falls -12.3% - Weber is down -12.3%, or -$1.09 to $7.76.
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NYC | Hot Stocks10:00 EDT New York City REIT rises 10.3% - New York City REIT is up 10.3%, or 35c to $3.75.
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AMC | Hot Stocks10:00 EDT AMC Entertainment rises 31.0% - AMC Entertainment is up 31.0%, or $2.79 to $11.80.
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VLNS | Hot Stocks10:00 EDT VLNS Stock trading resumes
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SGFY | Hot Stocks10:00 EDT Signify Health rises 39.2% - Signify Health is up 39.2%, or $8.30 to $29.50.
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TAK | Hot Stocks09:58 EDT Takeda Pharmaceutical's dengue vaccine, QDENGA, approved in Indonesia - Takeda announced the company's dengue vaccine, QDENGA, was approved by the Indonesia National Agency for Drug and Food Control, Badan Pengawas Obat dan Makanan, for the prevention of dengue disease caused by any serotype in individuals six years to 45 years of age. The use of QDENGA should be in accordance with official recommendations. QDENGA is the only dengue vaccine approved in Indonesia for use in individuals regardless of previous dengue exposure and without the need for pre-vaccination testing.
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VNCE | Hot Stocks09:47 EDT Vince Holding falls -8.1% - Vince Holding is down -8.1%, or -62c to $7.00.
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KOLD | Hot Stocks09:47 EDT ProShares UltraShort Bloomberg Natural Gas falls -9.4% - ProShares UltraShort Bloomberg Natural Gas is down -9.4%, or -99c to $9.50.
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WEBR | Hot Stocks09:47 EDT Weber falls -10.5% - Weber is down -10.5%, or -93c to $7.92.
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RBT | Hot Stocks09:47 EDT Rubicon Technologies rises 13.0% - Rubicon Technologies is up 13.0%, or 72c to $6.24.
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AMC | Hot Stocks09:47 EDT AMC Entertainment rises 23.3% - AMC Entertainment is up 23.3%, or $2.10 to $11.11.
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SGFY | Hot Stocks09:47 EDT Signify Health rises 40.2% - Signify Health is up 40.2%, or $8.52 to $29.72.
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AMC | Hot Stocks09:46 EDT AMC Entertainment trading resumes
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PUBM | Hot Stocks09:43 EDT MGID, PubMatic enter advertising partnership - MGID and PubMatic have announced a new advertising partnership. PubMatic's clients benefit from direct access to quality, brand-safe native video and display placements across MGID's exclusive roster of premium global publishers, with an addressable audience of over 900 million unique monthly users.
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AMC | Hot Stocks09:40 EDT AMC Entertainment trading halted, volatility trading pause
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GCT | Hot Stocks09:39 EDT GCT Stock trading resumes
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VLNS | Hot Stocks09:38 EDT Valens to resume trading at 10:00am ET
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AA | Hot Stocks09:38 EDT Strike commences at Alcoa's Mosjoen smelter in Norway - A strike at Alcoa's Mosjoen smelter in Norway began today, August 22, 2022, after a collective agreement between Industri Energi and Norsk Industri was not reached by the agreed-upon deadline. The strike action is being implemented at several industrial plants that represent the Norwegian electrochemical industry. While the labor negotiations cover multiple locations, individual sites included in the strike action have their own Controlled Reduction Agreements. The agreements outline actions once the strike begins. Mosjoen has an annual capacity of 200,000 metric tons of production across five potlines with 404 pots. In the case of Mosjoen, these actions will begin in accordance with its Controlled Reduction Agreement: Deliveries of products from Alcoa Mosjoen will stop until the end of the strike. The Mosjoen location will now work toward a 20 percent reduction in smelter production by September 19, should the strike last that long. If the strike continues past September 19, another 10 percent of production will be curtailed every other week, until 34 of the 404 pots remain operational. The agreement allows either the union or the Company to put certain functions on temporary leave during the strike action, so long as it does not compromise the safe operation of the facility. The union had 17 people who did not report to Mosjoen on the first day of the strike; that number will increase to 35 people on Wednesday, if the strike action continues. Mosjoen employs approximately 550 people, including 444 who are covered by the union agreement with Industri Energi. Alcoa's Lista plant in Norway is not included in the strike action at this time.
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GSUN | Hot Stocks09:36 EDT Golden Sun Education Group Ltd trading resumes
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WYY | Hot Stocks09:36 EDT WidePoint's IT Authorities awarded managed service provider contract - WidePoint Corporation announced that its subsidiary IT Authorities has been awarded a new Managed Service Provider contract from a leading Sports Marketing & Media company valued at more than $616,700 annually.
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SNDL VLNS | Hot Stocks09:35 EDT SNDL to acquire The Valens Company in C$138M transaction - SNDL Inc. (SNDL) and The Valens Company (VLNS) are pleased to announce that they have entered into an arrangement agreement to combine their businesses and create a leading vertically integrated cannabis platform. Pursuant to the terms of the Agreement, SNDL will acquire all of the issued and outstanding common shares of Valens, other than those owned by SNDL and its subsidiaries, by way of a statutory plan of arrangement Under the terms of the Agreement, Valens' shareholders will receive, for each Valens Share, 0.3334 of a common share of SNDL. Based on the August 19, 2022 close of the SNDL shares on the Nasdaq Capital Market exchange, the consideration represents an implied value of $1.26 per Valens Share, for total consideration of approximately $138 million. The Implied Offer Price represents a premium of 10% based on a trailing 30-day volume-weighted average price of the Valens Shares, on the Toronto Stock Exchange up to August 19, 2022. With 555,500 square feet of cultivation and manufacturing space and 185 cannabis stores under the Spiritleaf and Value Buds banners, the combined company will offer a complete portfolio of branded products to consumers in Canada through its own supply and distribution channels. With approximately $314 million in net cash and no debt, SNDL will continue to have one of the strongest balance sheets in the North American regulated cannabis industry. SNDL will also have the highest pro forma Canadian cannabis revenue on a last fiscal quarter annualized basis. The combined company will operate as SNDL Inc., and Valens shareholders will own approximately 9.5% of the pro forma entity. Synergies through cost rationalization and operational efficiencies: The combination of SNDL and Valens is expected to deliver more than $10 million of annual cost synergies. Together with incremental revenues from greater distribution of Valens products, it is estimated that the Transaction will deliver upwards of $15 million of additional EBITDA on an annual run-rate basis through synergies and other strategic initiatives. Valens' secured non-revolving term loan has been refinanced and upsized with an additional $14.3 million of incremental capital, thereby increasing the principal amount of the Term Loan to $60 million. The Transaction will be carried out by way of a court-approved plan of arrangement under the Canada Business Corporations Act, pursuant to which SNDL will acquire all of the issued and outstanding Valens Shares, other than those owned by SNDL and its subsidiaries. The implementation of the Transaction will be subject to the approval of at least two thirds of the Valens Shares entitled to be voted by Valens shareholders and the approval of a simple majority of the Valens Shares entitled to be voted by Valens shareholders, other than Valens shareholders required to be excluded under applicable laws, at a special meeting expected to be convened by Valens by the end of November 2022 (the "Meeting"), and the receipt of applicable orders from the Ontario Superior Court of Justice and applicable regulatory approvals, including under the Competition Act and the applicable provincial liquor and cannabis regulators. The Agreement provides for, among other things, customary support and non-solicitation covenants from Valens, including customary "fiduciary out" provisions that allow Valens to accept a superior proposal in certain circumstances and a five-business day "right to match period" in favour of SNDL. The Agreement also provides for the payment of a termination fee of $8 million payable to SNDL by Valens in the event the Transaction is terminated in certain specified circumstances. The transaction is expected to close during January 2023. All directors and executive officers of Valens have entered into voting support agreements with SNDL pursuant to which, among other things, the parties have agreed to vote their Valens Shares in favour of the Transaction. Valens' board of directors has unanimously approved the Transaction after receiving the unanimous recommendation of a special committee of Valens directors. Valens' board of directors has unanimously resolved to recommend that the shareholders of Valens vote in favour of the Transaction.
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GCT | Hot Stocks09:34 EDT GCT Stock trading halted, volatility trading pause
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INPX | Hot Stocks09:32 EDT Inpixon Swarm Chirp V3 granted FCC, ISED certifications - Inpixon announced that its Inpixon Swarm Chirp V3 RF transceiver module received a Grant of Equipment Authorization certification from the U.S. Federal Communications Commission and a certificate from ISED Canada. The company also signed a CE declaration of conformity confirming the product passed RED, EMC and LVD tests.
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GSUN | Hot Stocks09:31 EDT Golden Sun Education Group Ltd trading halted, volatility trading pause
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GRFX | Hot Stocks09:30 EDT Graphex Group highlights U.S. expansion progress - Graphex Technologies provided an update that reflects on milestones achieved in 2022 and its objectives for the remainder of the year. The expansion of Graphex Technologies' presence in the U.S. - and more specifically in Warren, MI, the heart of the automotive sector - comes at a critical moment in global transportation history as evidenced by the recent enactment of the Inflation Reduction Act of 2022, which is slated to provide the largest investment to combat climate change in U.S. history. As the demand projections for electric vehicles and other sustainable energy solutions are expected to grow, there will be a parallel increase in demand for the critical minerals necessary to manufacture the Li-ion batteries that power them. Equally as important, the tremendous impetus for the industry to move supply chains away from geopolitically sensitive or logistically challenging regions and to localize end-to-end processing and production capabilities in the U.S. is at the highest intensity in decades. Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries with a global expansion strategy that completely supports energy transition and electrification efforts worldwide. Recent milestones and actions to achieve our business objectives include: Graphex is one of the largest specialized graphite processors in the world: Increasing production from 10,000 to 40,000 tonnes per annum to meet growing EV demand; Diversifying upstream sourcing of raw materials to stabilize supply chains: Actively negotiating offtake agreements with sources of natural graphite away from politically sensitive and/or logistically volatile regions; Pursuing new raw material sources around the world including the US, Brazil, Canada, Africa, Australia, Europe, and other locations through a combination of straight offtake agreements for raw materials and also through collaborative partnerships with the mining operations to construct mid-stream processing facilities near the raw material sources. Building mid-stream processing plants in North America: The previously announced joint venture with Emerald Energy Solutions LLC to construct a new 15,000 metric ton per year graphite processing facility in Warren, Michigan is progressing as planned. The first such plant to be built by an experienced commercial- scale mid-stream graphite processor in the US and the first of multiple facilities anticipated by Graphex, the Warren facility is expected to be operational in Q2/Q3 of 2023. Actively negotiating supply agreements to sell product to the battery manufacturers in the West: Graphex has entered into at least one confidential non-binding MOU with OEM EV battery manufacturers to supply anode material to their future gigafactories, including one in the US, and to evaluate the construction of co-located processing facilities near the OEM's gigafactories. Graphex is engaged in similar ongoing discussions with other OEMs and battery manufacturers. Continuing our research of advanced battery chemistry and material science innovations: Collaboration with the Technology Institute to conduct an in-depth Study on Electrode Materials for Graphene-based Sodium Ion Batteries
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UBER AMC | Hot Stocks09:25 EDT Rokt partners with Uber, AMC Theatres - Rokt announced new partnerships with Uber Technologies (UBER) and AMC Theatres (AMC) to unlock new revenue opportunities for the companies during the transaction moment on their websites and mobile apps. Rokt's partnership with Uber will initially launch with Uber Eats in the US, Canada, Australia and Japan, with Rokt's machine learning technology driving additional revenue for Uber during the checkout experience. AMC has partnered with Rokt to drive revenue and customer lifetime value across the company's online and mobile channels.
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EBAY | Hot Stocks09:21 EDT eBay to acquire TCGplayer for up to $295M - eBay and TCGplayer, a trusted marketplace for collectible card game enthusiasts, announced they have entered into an agreement for eBay to acquire TCGplayer. Trading cards are an attractive category, which has seen substantial growth. TCGplayer is a leading technology platform for the collectibles industry, and will continue to operate autonomously as one of the largest online marketplaces for trading card games. This acquisition complements eBay's focus category strategy and furthers the company's commitment to trading card enthusiasts - providing eBay with strategic omnichannel capabilities like order fulfillment and cart optimization, maintaining its position as a desirable platform for trading card sellers, and enhancing the overall experience for all customers. eBay will acquire TCGplayer for a total deal value of up to approximately $295M. The deal is subject to customary closing conditions, including requisite regulatory approvals, and is expected to close in Q1 2023.
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AMC | Hot Stocks09:19 EDT AMC shares sink as 'APE' preferred units begin trading - AMC Entertainment CEO Adam Aron tweeted on Sunday, "Remember, with the APE seeing its first trade on the NYSE at some time tomorrow morning, the value of your AMC investment will be the combination of your AMC shares and your new APE units. An AMC share plus a new APE unit added together - compared to just an AMC share previously." APE refers to AMC's preferred equity units which begin trading today. Shares of AMC are down 38% to $11.10 in premarket trading.
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PDD | Hot Stocks09:19 EDT Pinduoduo launches vertical farming challenge - Pinduoduo launched a vertical farming challenge for its 3rd Smart Agriculture Competition, an annual precision farming contest aimed at encouraging data scientists and agricultural researchers to develop productivity-boosting agricultural technology. A vertical farm is a farm in which crops are grown in trays stacked on top of each other, allowing cultivation at higher density. Globally, vertical farms have gained popularity for their ability to produce higher yields by controlling light, temperature and nutrients, while minimizing disease, infestation, and pollution. Participating teams in the Pinduoduo Smart Agriculture Competition will compete to produce lettuce in shipping containers, using technology including LED lighting, crop modeling, and algorithms to control input variables. They will take on the challenge of producing crops with higher yields and better quality using shorter growth cycles and less energy. Besides productivity and sustainability, the judging panel will also take into consideration the commercial viability of the different teams' growing models.
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PHIL | Hot Stocks09:18 EDT PHI Group to acquire 51% of Van Phat Dat Export Joint Stock Compay - PHI Group announced that the Company has signed an agreement to acquire 51% of Vietnam-based Van Phat Dat Export Joint Stock Company. According to the agreement, Philux Global Trade Inc., a Wyoming company and wholly-owned subsidiary of Philux Global Group, Inc., will purchase 5,100,000 shares of Ordinary Stock of VPD, which is equivalent to 51% of all the VPD's issued and outstanding Ordinary Stock, for a total of $US 6,127,895 to be paid by a convertible promissory note issued by Philux Global Trade Inc. The convertible promissory note, which is guaranteed by Philux Global Group Inc.'s financing programs and carries no interest, will be due and payable 180 days commencing the date of issuance and may be converted into common stock of Philux Global Trade Inc. any time after this subsidiary becomes a publicly traded company in the United States. The conversion price will be 50% of the average closing price during the ten trading-day period ending one trading day prior to the date of conversion. The closing of this transaction is scheduled to occur by October 15, 2022, unless extended by both parties. Philux Global Trade Inc. will hold the 51% equity ownership in VPD and plans to file a registration statement with the Securities and Exchange Commission to become a fully reporting public company in the United States.
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DFIN | Hot Stocks09:15 EDT QuisLex partners with eBrevia by DFIN to offer CLM migration solution - QuisLex and eBrevia by DFIN announce a strategic partnership designed to provide seamless contract life cycle management migration. The combined solution helps to alleviate the difficulties of CLM migration while ensuring an efficient and highly accurate process. QuisLex and eBrevia are exhibiting at ILTACON 2022, where they will highlight the benefits of this partnership. QuisLex contract services include review, analysis, abstraction, negotiation and life cycle management across multiple agreement types and industries. For corporations adopting a new CLM, without an automated tool the process of migrating documents from an existing system can be onerous and time-consuming. The exercise often involves evaluating which company contracts should be carried over onto the new platform and addressing any holes in the contract data collected by the current repository. The QuisLex and eBrevia combined solution addresses the many challenges inherent in the CLM migration process. eBrevia by DFIN provides industry-leading AI-powered contract analytics software that speeds up contract review by 30-90% with a 10-60% increase in accuracy. Part of DFIN's suite of solutions, eBrevia is ideal for large-scale contract review projects with applications ranging from due diligence in M&A transactions to audit/compliance work.
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CNNE CSVI | Hot Stocks09:11 EDT Cannae Holdings announces $84M investment in Computer Services - Cannae (CNNE) announced that it has committed to an $84 million equity investment in Computer Services (CSVI) in conjunction with additional investments agreed to by a consortium of private equity investors.
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VLCN | Hot Stocks09:09 EDT Volcon prices $27.2M convertible senior notes offering - Volcon announced it has signed a securities purchase agreement on August 22, 2022 to issue to an investor $27.2 million aggregate principal amount of convertible senior notes due 2024 and accompanying warrants to purchase approximately 9.1 million shares of common stock. The Notes will be senior unsecured obligations of Volcon and no interest shall accrue unless and until an event of default has occurred. Each of the Notes shall include an original issue discount of 8.0%. The Notes will mature on February 24, 2024 unless earlier converted. The initial conversion price will be $2.25 per share of common stock, subject to adjustment upon the occurrence of specified events. The Warrants will be exercisable immediately upon the date of issuance and have an initial exercise price of $2.85. The Warrants will expire five years from the date of issuance. The sale of the Notes is expected to close on August 24, 2022, subject to customary closing conditions.
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DRTS | Hot Stocks09:09 EDT Alpha Tau, MIM team for Alpha DaRT therapy - Alpha Tau Medical and MIM Software announced a collaboration between the two companies to provide treatment planning software for clinical sites using the Alpha DaRT therapy. Under the terms of the agreement, the parties will collaborate on the use of MIM's software suite, including MIM Symphony and MIMcloud , for development of new features and support for the Alpha DaRT across multiple potential indications, integration into all clinical trials involving the Alpha DaRT, and bundling the MIM software with the Alpha DaRT for future commercial sales in territories where the Alpha DaRT and MIM's software are both approved. The MIM Symphony treatment planning software guides clinicians through an easy step-by-step process to place Alpha DaRT sources precisely and create a patient-personalized treatment plan. MIM's proprietary image manipulation capabilities, including MIM ReSlicer, and process and data management with MIM Workflows and MIMcloud, allow MIM Symphony to support treatment planning flexibly across multiple disease sites. Versatile guidance capabilities, including the ability to create custom 3D-printed access devices, assist in Alpha DaRT placement for challenging targets.
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ACOGF | Hot Stocks09:09 EDT Alpha Cognition announces results from bioequivalence study with ALPHA-1062 - Alpha Cognition announced positive results from a bioequivalence study with ALPHA-1062, a proprietary, delayed release oral tablet formulation in development for the treatment of mild to moderate Alzheimer's Disease, AD. The company elected to conduct this additional study which was designed to demonstrate pharmacokinetic equivalence between 5mg ALPHA-1062 delayed release tablets and 8 mg galantamine hydrobromide extended release capsules. These data, coupled with the positive pivotal data released in June, establish bioequivalence to both formulations of galantamine hydrobromide and strengthen the NDA application for ALPHA-1062 in mild-to-moderate AD, planned for Q2 2023. The study was a two-treatment, two-period, crossover study wherein 40 subjects were randomly assigned 1:1 to either treatment with ALPHA-1062 5mg twice daily, or galantamine hydrobromide 8mg ER capsules once daily, for 7 days. After a one-week washout period, subjects were then crossed over to the other treatment arm and dosed for 7 days. Topline results confirmed that in healthy adult volunteers treated to steady state, ALPHA-1062 was bioequivalent to galantamine hydrobromide ER. In the pre-specified primary analysis, ALPHA-1062 achieved area-under-the-curve and peak exposures of approximately 107% and 127%, respectively, compared to those generated by galantamine hydrobromide ER.
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CSVI | Hot Stocks09:08 EDT Computer Services to be acquired by Centerbridge, Bridgeport for $58 per share - Computer Services announced it has entered into a definitive agreement to be acquired by Centerbridge Partners and Bridgeport Partners in an all-cash transaction valued at approximately $1.6B, or $58.00 per share. The transaction follows a robust strategic review process and was unanimously approved by CSI's board of directors. Under the terms of the agreement, CSI shareholders will receive $58.00 per share in cash upon the closing of the transaction, which is expected to occur in the fourth quarter of calendar year 2022, subject to customary closing conditions, including CSI shareholder approval and regulatory review. The per-share purchase price represents a 53% premium to CSI's closing stock price on Aug. 19, 2022, the last full trading day before the agreement was announced, and a premium of 54.4% over CSI's 30-day volume-weighted average share price.
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NXTTF | Hot Stocks09:08 EDT Lifeist's Mikra Cellular launches advertising campaign - Lifeist Wellnes announced that its wholly owned U.S. subsidiary Mikra Cellular Sciences has secured significant premium media inventory across the Disney Hulu XP advertising network, which includes Hulu, ESPN, and other Disney properties. The broader advertising campaign will launch on August 29.
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DRTS | Hot Stocks09:07 EDT Alpha Tau MIM team for Alpha DaRT therapy - Alpha Tau Medical and MIM Software announced a collaboration between the two companies to provide treatment planning software for clinical sites using the Alpha DaRT therapy. Under the terms of the agreement, the parties will collaborate on the use of MIM's software suite, including MIM Symphony and MIMcloud , for development of new features and support for the Alpha DaRT across multiple potential indications, integration into all clinical trials involving the Alpha DaRT, and bundling the MIM software with the Alpha DaRT for future commercial sales in territories where the Alpha DaRT and MIM's software are both approved. The MIM Symphony treatment planning software guides clinicians through an easy step-by-step process to place Alpha DaRT sources precisely and create a patient-personalized treatment plan. MIM's proprietary image manipulation capabilities, including MIM ReSlicer, and process and data management with MIM Workflows and MIMcloud, allow MIM Symphony to support treatment planning flexibly across multiple disease sites. Versatile guidance capabilities, including the ability to create custom 3D-printed access devices, assist in Alpha DaRT placement for challenging targets.
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DRTS | Hot Stocks09:07 EDT Alpha Tau MIM team for Alpha DaRT therapy - Alpha Tau Medical and MIM Software announced a collaboration between the two companies to provide treatment planning software for clinical sites using the Alpha DaRT therapy. Under the terms of the agreement, the parties will collaborate on the use of MIM's software suite, including MIM Symphony and MIMcloud , for development of new features and support for the Alpha DaRT across multiple potential indications, integration into all clinical trials involving the Alpha DaRT, and bundling the MIM software with the Alpha DaRT for future commercial sales in territories where the Alpha DaRT and MIM's software are both approved. The MIM Symphony treatment planning software guides clinicians through an easy step-by-step process to place Alpha DaRT sources precisely and create a patient-personalized treatment plan. MIM's proprietary image manipulation capabilities, including MIM ReSlicer, and process and data management with MIM Workflows and MIMcloud, allow MIM Symphony to support treatment planning flexibly across multiple disease sites. Versatile guidance capabilities, including the ability to create custom 3D-printed access devices, assist in Alpha DaRT placement for challenging targets.
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PSHG | Hot Stocks09:07 EDT Performance Shipping announces termination of ATM Offering - Performance Shipping announced that, effective August 23, 2022, it has terminated the At The Market Offering Agreement with H.C. Wainwright & Co., LLC, dated March 5, 2021. Prior to termination, the Company issued and sold 526,916 shares of its common stock under the ATM Agreement, raising net proceeds, after deducting commissions and other expenses, of approximately $1.3 million. The Company is terminating the ATM Agreement because it does not intend to raise additional capital or sell additional shares under the ATM Agreement.
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EJH | Hot Stocks09:06 EDT E-Home Household expects to report over 3M registered members as of June 30 - E-Home Household Service Holdings announced unaudited preliminary operation matric for fiscal year ended June 30, 2022 as the Company's business performance is picking up quickly amid China's endeavor to resume normal operation of businesses operating in different sectors. The company is expected to achieve a significant increase in revenue and positive net profit growth for the fiscal year ending June 30, 2022. E-Home is anticipated to report more than 3 million registered members as of June 30, 2022, with over 2 million members using the Company's services during the same reporting period. In total the Company is expected to receive more than 1 million orders, among which over 500,000 orders coming from installation and maintenance services, nearly 700,000 orders are housekeeping and over 50,000 orders coming from senior care services for the fiscal year ended June 30, 2022. Wenshan Xie, Chairman and CEO of E-Home, commented: "Despite the Covid-19 resurgence and macro uncertainties for the past year, we quickly adjust our business strategies and introduced a number of new initiatives including metaverse and monkeypox treatment initiatives that have helped the Company explore and diversify streams of revenues. The Company is also expected to announce a resilient set of results as we maintain high quality services and capitalize on the recovered momentum by leveraging our strong infrastructure and capacity advantages. While Covid-19 did impact on our business performance and short-term challenges still exist in the marketplace, the household services industry is resilient with huge potential to expand. We will devote fully to executing our strategies to widen market share lead and enhance operational excellence in the near future, which should be crucial for consistent and profitable growth."
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PEV | Hot Stocks09:05 EDT Phoenix Motor enters hydrogen fuel cell market with acquisition of Altergy - Phoenix Motor announced the acquisition of hydrogen fuel cell manufacturing assets, including an automated, robotic fuel cell assembly line, from Altergy Systems. Phoenix will utilize the manufacturing facility to design and produce hydrogen fuel cells to power forklifts, hybrid buses, vans and trucks, and long-range, heavy-duty trucks. Phoenix Motorcars CEO, Dr. Lance Zhou commented, "We are excited to further expand our operations with our entrance into the rapidly growing hydrogen fuel cell market. The acquisition of these manufacturing assets enables Phoenix to accelerate its development plans, and leverage the automated production capabilities of these facilities, as we transition to mass production of hydrogen fuel cells for the burgeoning EV market in the coming quarters. In addition, the Inflation Reduction Act, also known as the U.S. climate bill, which was signed into law this week, should provide tremendous incentives, opportunities and market stability for us to grow this important clean energy power source. We are currently integrating the acquired assets and facility into our company and look forward to providing regular updates as we achieve important milestones in the hydrogen fuel cell business."
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SGPYY | Hot Stocks09:05 EDT Sage Group appoints Mark Hickman as MD, Sage Canada - Sage has named Mark Hickman as the new Managing Director for Sage Canada, effective August 2, 2022. In this role, Mark will lead the evolution of Sage in Canada and help guide the company's growth over the next several years. Hickman has worked in a leadership capacity at APOLLO, Calligo, Tyler Technologies and WinMagic, where he consistently grew revenues and led teams in North America and globally.
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TCEHY AVGO | Hot Stocks09:04 EDT Broadcom and Tencent partner to commercialize CPO switches - Broadcom (AVGO) and Tencent Holdings(TCEHY) announced a strategic partnership to accelerate the adoption of high bandwidth co-packaged optics network switches for cloud infrastructure. Under this partnership, Broadcom will provide the 25.6-Tbps Humboldt CPO switch device that features Broadcom's best-in-class StrataXGS Tomahawk 4 switch chip directly coupled and co-packaged with four 3.2-Tbps Silicon Photonics Chiplets In Package optical engines. Tencent has defined the system architecture and worked closely with Broadcom to develop hardware and software for field deployment of the 25.6-Tbps CPO switch system. Ruijie Networks Co., Ltd. will verify the design, manufacture and test the full CPO switch system, and then provide the finished product to Tencent. The jointly developed 25.6-Tbps CPO switch system will be demonstrated at the China International Optoelectronic Exposition in Shenzhen from September 7th to 9th.
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AMD | Hot Stocks09:04 EDT AMD issues annual Corporate Responsibility Report - AMD announced its 27th annual Corporate Responsibility Report, demonstrating how AMD - together with its employees, customers, partners, and communities - advances computing to help solve the world's most important social and environmental challenges. From advancing sustainable computing to cultivating a diverse workforce, AMD is committed to responsibly delivering on its mission to be the high-performance and adaptive computing leader. AMD now powers the fastest and most energy-efficient supercomputer in the world - the Frontier supercomputer - as well as 17 of the top 20 most efficient supercomputers. To drive continued innovation, diversity hiring remains a component of the company's strategic metrics and milestones to inform its annual bonus program. AMD also entered into a $3 billion sustainability-linked credit facility, demonstrating its commitment to advancing sustainability. In 2021, AMD announced new corporate responsibility goals for 2025 and 2030 spanning digital impact, environmental sustainability, supply chain responsibility, and diversity, belonging, and inclusion. Today, the company reported it is on track to achieve these goals.
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USEA | Hot Stocks09:03 EDT United Maritime announces delivery of second Aframax tanker - United Maritime Corporation announced the delivery of the previously-announced Aframax vessel acquisition, renamed M/T Bluesea. The Vessel is a 114,000-deadweight crude oil tanker, built in 2006 by Samsung Heavy Industries Co., Ltd. in South Korea. M/T Bluesea is the second out of the 4-tanker fleet acquisition agreed by United in July 2022. The delivery of the third vessel is expected within August and the fourth vessel by the end of October. Following its delivery, M/T Bluesea has entered a leading Aframax tanker pool.
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NRG DRCT | Hot Stocks09:03 EDT Direct Digital appoints Maria Vilchez as Chief Growth Officer - Direct Digital Holdings (DRCT) announced that Maria Vilchez Lowrey has joined as Chief Growth Officer. In this newly created role, reporting to Chairman and CEO Mark Walker as a member of Direct Digital Holdings' leadership team, Vilchez Lowrey is responsible for leading business development, channel development, and integrating the management of brand related activities across Direct Digital Holdings' portfolio of brands. Additionally, her appointment marks the professional reunion of Vilchez Lowrey with CEO Walker: they worked together earlier in their careers at NRG Energy (NRG), a leading Fortune 300 integrated power company. Vilchez Lowrey is an experienced sales leader with a proven 20-year record in creating business-to-consumer and business-to-business sales capabilities at scale within the Fortune 500. Vilchez Lowrey comes to Direct Digital Holdings from Just Energy, where she served as Senior Vice President of Direct Sales and Partnerships for Just Energy, Amigo Energy, Tara Energy, and Terrapass, its affiliate brands. There, she was responsible for diversifying the company's direct sales channels by launching its first national retail partnership with one of the largest retailers in the world.
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WRAP USIO | Hot Stocks09:02 EDT Usio hires Paul Manley as head of investor relations - Usio (USIO) announced Paul Manley has been named Senior Vice President of Investor Relations, effective today, August 22, 2022. Manley has over 25 years of experience in equity capital markets and investor relations. He most recently served as Vice President of Investor Relations for Wrap Technologies (WRAP).
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FAT | Hot Stocks09:02 EDT Fatburger, Buffalo's Express opens in Marrakesh - FAT Brands announces the opening of the first Fatburger and Buffalo's Express in Morocco. Located in Marrakesh on the famous M Avenue, the co-branded restaurant provides premium American fare, including delicious, custom-built burgers and award-winning wings.
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INVA LJPC | Hot Stocks08:58 EDT Innoviva completes acquisition of La Jolla Pharmaceutical - Innoviva (INVA) announced that its tender offer to purchase any and all issued and outstanding shares of common stock of La Jolla Pharmaceutical Company (LJPC) at a price of $6.23 per share, net to the seller in cash, without interest and less required withholding taxes, expired one minute after 11:59 p.m. New York City time on Friday, August 19, 2022. Today, following the consummation of the tender offer, Innoviva successfully completed its acquisition of La Jolla, which is dedicated to the commercialization of innovative therapies that improve outcomes in patients suffering from life-threatening diseases. "The acquisition of La Jolla strengthens our footprint in the hospital and infectious disease spaces by adding a robust portfolio of marketed products and an excellent team," said Pavel Raifeld, Chief Executive Officer of Innoviva. "It is also highly complementary to Entasis, providing an established platform to bring SUL-DUR, a differentiated anti-infective, to patients if approved. We look forward to working together as a stronger, combined company serving the needs of patients, physicians, and hospitals." The depositary for the tender offer has advised that, as of the expiration of the tender offer, a total of 21,703,224 shares of La Jolla's common stock were validly tendered and not withdrawn in the tender offer. Such shares of La Jolla's common stock represent approximately 87.03% of the shares, which satisfied the minimum condition for the tender offer. All conditions of the offer were satisfied and Innoviva completed its acquisition of all issued and outstanding equity securities of La Jolla for the Offer Price. Additionally, as a consequence of the merger, each share of La Jolla's Series C-12 Convertible Preferred Stock was automatically converted into the right to receive an amount in cash equal to 1,724.04 times the Offer Price. As a result of the acquisition, La Jolla became a wholly-owned subsidiary of Innoviva and the company's common stock will be delisted from the Nasdaq Global Market.
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LUMN APO | Hot Stocks08:50 EDT Lumen receives FFC approval to sell ILEC business to Brightspeed - The Federal Communications Commission, or FCC, has approved the previously announced sale of Lumen Technologies' (LUMN) incumbent local exchange carrier, or ILEC, business in 20 states to Brightspeed. With this approval, the transaction has now received all final regulatory clearances needed to close. Pending other customary closing conditions, the transaction with Apollo-managed funds (APO) is expected to close early in the Q4. Brightspeed plans to make significant investments to build an expanded fiber optics network that will bring fast, reliable internet and Wi-Fi to communities throughout the 20-state footprint it is acquiring. These plans include providing fiber facilities that are expected to reach up to three million homes and businesses over the next five years, including in many rural and suburban locations where fiber and advanced technology have not yet been deployed.
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LPTH | Hot Stocks08:48 EDT LightPath announces backlog of $24M in August - LightPath Technologies announced a record backlog for the company in August 2022 of $24M, which surpassed the $23.8M backlog in December 2020.
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ABVC | Hot Stocks08:47 EDT ABVC BioPharma to initiate Phase II clinical trials for ABV-1703 in 2Q23 - ABVC BioPharma provided an update on its development of oncology medicines for the treatment pancreatic cancer , non-small cell lung cancer triple negative breast cancer and myelodysplastic syndrome. The Company expects to initiate the first Phase II clinical trials for ABV-1703 in the second quarter of 2023 by Dr. Andrew E. Hendifar at the Cedars-Sinai Medical Center in Los Angeles, California.Early Studies of the Maitake Mushroom The medicines developed by ABVC for oncology disorders are based on research conducted in Asia over the past 25 years, as well as a Phase I/II dose escalation trial performed in 2017 at the Memorial Sloan Kettering Cancer Center in New York to determine the therapeutic effects of an ingredient derived from the Maitake mushroom.
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SGA | Hot Stocks08:47 EDT Saga Communications chairman, CEO Ed Christian passes away - Saga Communications announces the passing of founder, Chairman, President and CEO, Ed Christian. Ed passed away on Friday, August 19th after a short illness. Warren Lada, a member of Saga's Board of Directors and former COO, has been appointed by the Board to serve as the Interim CEO.
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AREC | Hot Stocks08:44 EDT American Resources expands non-dilutive credit facility - American Resources Corporation announced that it, along with its wholly-owned subsidiary American Carbon LLC, has expanded a non-dilutive, traditional asset backed credit line of $15 million that can be drawn against for growth initiatives. The expanded credit facility, with the Company's existing lender Maxus Capital Group, is a traditional equipment loan secured by certain equipment of the Company American Carbon division. The equipment loan allows the Company to draw up to $15 million and carries a 36-month term. Based on a full lease facility advance, it is anticipated the equipment loan will bear an effective initial interest rate of approximately 14.48% over the term of the loan. Furthermore, with separate financing facilities at both the ReElement Technologies and American Carbon subsidiaries, American Resources has further financial flexibility to execute on select value creation initiatives that the Company's recently announced special committee believes are beneficial.
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ATNF | Hot Stocks08:44 EDT 180 Life Sciences enrolls 1st patient of anti-TNF for 'frozen shoulder' - 180 Life Sciences announced that the first patient has been randomized in the clinical trial to evaluate anti-tumor necrosis factor TNF for patients with early-stage, pain predominant frozen shoulder."Recruiting the first patient for the trial of anti-TNF therapy in frozen shoulder patients is a significant milestone," said James Woody, M.D., Chief Executive Officer of 180 Life Sciences. "Treatment with anti-TNF at the early stage could improve pain and subsequently reduce disability for frozen shoulder patients." 180 Life Sciences is supporting the study funded by the National Institute of Health and Care Research in the U.K. to investigate whether injections of anti-TNF during the early stages of frozen shoulder can reduce or prevent progression of the disease. The trial is sponsored by the University of Oxford and is led by Professor Nanchahal, consultant for 180 Life Sciences, together with his colleague Professor Sally Hopewell based at the Oxford Clinical Trials Research Unit, at the University of Oxford. 180 Life Sciences also has the rights for advancing these studies and
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VLNS | Hot Stocks08:44 EDT VLNS Stock trading halted, news pending
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MULN | Hot Stocks08:43 EDT Mullen Automotive to launch demonstrator FIVE EV crossover vehicles in October - Mullen Automotive announces that the first fully functional demonstrator vehicles of the Mullen FIVE EV Crossover will begin arriving this October. Mullen and hofer powertrain have been jointly developing the upcoming fully functional, demonstrator FIVE EV Crossover vehicles. These vehicles will be utilized in Mullen's upcoming 2022 "Strikingly Different" Test Drive Tour as well as other events planned across the U.S. in 2023. The future Mullen FIVE production vehicles will feature performance specs such as a 120-kWh battery pack, 325 miles of range, 0-60 mph in 3.2 seconds and a top speed of 155 mph. The future Mullen FIVE RS High Performance version will feature 0-60 mph in 1.95 seconds and a top speed of over 200 mph. The FIVE RS will be ready for consumers to experience in person in the spring of 2023.
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DATS | Hot Stocks08:42 EDT DatChat to homestead Habytat metaverse - DatChat through its SmarterVerse announced it will homestead the Habytat metaverse. The Company will grant land parcels and homes based on its proprietary Dynamic Content NFT technology to qualified applicants. After achieving a predetermined level of active participation, the property will be deeded to the participant. As recipients of land parcels interact with their property, the more it can continue to grow, improve, and evolve. Additionally, the Habytat metaverse will be based on an advertising-based revenue model and will offer rewards and additional incentives for active participants. Residential parcels for Geniuz City, the first world of The Habytat metaverse, are now open for pre-registration.
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AUB | Hot Stocks08:41 EDT Atlantic Union Bankshares appoints Heather Cox to board of directors - Atlantic Union Bankshares Corporation announced that Heather Cox has been appointed to its Board of Directors, effective immediately. Cox, 51, was most recently Chief Digital Health and Analytics Officer at Humana.
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SLRX | Hot Stocks08:39 EDT Salarius adds two Mayo Clinic sites for seclidemstat study on sarcoma treatment - Salarius Pharmaceuticals announces the addition of the Mayo Clinic to its open-label Phase 1/2 trial with seclidemstat in Ewing's sarcoma and FET-rearranged sarcomas. Mayo Clinic locations in Rochester, Minnesota, and Jacksonville, Florida are now supporting trial enrollment. Seclidemstat is a novel oral, reversible, targeted LSD1 inhibitor that affects gene expression currently being studied in Phase 1/2 clinical studies for the treatment of solid and hematologic cancers where LSD1 is implicated in disease progression. The Mayo Clinic site in Rochester is being led by Scott H. Okuno, M.D., Chair of the Division of Community Oncology for the Department of Oncology and Chair of the Mayo Clinic Health System Cancer Committee, and the Mayo Clinic site in Jacksonville is being led by Steven Attia, D.O. of the Mayo Clinic Comprehensive Cancer Center. David Arthur, chief executive officer of Salarius, said, "Ewing's sarcoma and FET-rearranged sarcomas are particularly motivating for us, given the pediatric patient population effected by these diseases, and we believe that seclidemstat could play an important role as a potential treatment for these sarcomas. The addition of these prestigious Mayo Clinic sites to our list of trial sites is deeply gratifying and we are grateful to have Dr.'s Okuno and Attia joining our roster of notable investigators leading the sarcoma study across the U.S."
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HUBG | Hot Stocks08:39 EDT Hub Group acquires TAGG Logistics for $103M - Hub Group announced that it acquired TAGG Logistics. Since its founding in 2006, TAGG has grown into a nationwide provider with over 4 million square feet of warehousing space throughout the US allowing for best-in-class, responsive e-commerce and B2B fulfillment capabilities. The acquisition bolsters Hub Group's presence in the consolidation and fulfillment space and adds a complementary e-commerce offering to serve its customers' multimodal transportation and logistics needs. The addition of TAGG is an important strategic milestone toward achieving Hub Group's goal of $5.5-$6.5 billion of revenue by 2025. The acquisition adds scale to Hub's logistics service line and is expected to result in numerous complementary cross-selling opportunities for both Hub's and TAGG's customer bases. Cash consideration for the transaction of $103 million was funded with cash on hand. In connection with the acquisition Hub Group granted contingent compensation to the TAGG senior management team to incentivize their retention and drive continued growth of the business. TAGG expects to generate approximately $200 million of annual revenue in 2022. TAGG has approximately 800 employees at its 18 facilities. On August 8, 2022 Hub Group completed a privately negotiated, approximately $35 million repurchase of Class A and Class B common stock at the Class A common stock closing price of $80.83 per share. In connection with this repurchase the Hub Group Board of Directors approved an increase to the Company's repurchase authorization so that $75 million remained under the program. Since that time the Company has purchased an additional $15 million of Class A common stock through open market transactions, bringing our total repurchase to approximately $50 million this quarter, and intends to continue to execute on its repurchase program.
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MJ | Hot Stocks08:39 EDT ETFMG's MJ cannabis ETF to include multi-state operators - ETF Mangers Group announced that ETFMG Alternative Harvest ETF, the world's first cannabis ETF, will complete its global portfolio by offering exposure to cannabis companies operating in the United States which include multi-state operators directly involved in the cultivation, production, marketing and distribution of cannabis or cannabis-related products. "We are excited to offer our investors exposure to the global cannabis industry through MJ, the world's largest global cannabis fund. ETFMG is proud to be the one-stop shop for those interested in investing in cannabis with a suite featuring 2X long, 2X short, US - only or global exposure," said ETFMG CEO and Founder, Sam Masucci.
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HCA | Hot Stocks08:38 EDT HCA Healthcare announces HAC Healthcare Foundation's $600,000 grant to VOA - HCA Healthcare announced a $600,000 grant to Volunteers of America, VOA, through the HCA Healthcare Foundation and its Healthier Tomorrow Fund to promote mental wellness and resilience among first responders. Through this contribution, VOA intends to scale its VOA ReST 4 First Responders program in targeted areas served by HCA Healthcare, such as HealthONE in Denver, Medical City Healthcare in Dallas-Fort Worth and HCA Florida Healthcare. "We are proud to partner with the Volunteers of America as they provide additional access to their VOA ReST 4 First Responders program," said Joanne Pulles, vice president of community engagement at HCA Healthcare and president of the HCA Healthcare Foundation. "Our frontline caregivers show incredible resilience every day, and we are honored to partner with organizations that provide support to these remarkable individuals serving on the frontlines in communities across the country."
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WSC | Hot Stocks08:38 EDT WillScot Mobile to divest Tank and Pump segment to Kinderhook for $323M - WillScot Mobile Mini Holdings announced a definitive agreement, whereby the Company will divest its Tank and Pump segment to private equity firm Kinderhook Industries for an enterprise value of approximately $323 million, subject to customary post-closing adjustments. Proceeds from the sale will be used to support ongoing reinvestment in the Company's core Modular and Storage operating segments and other capital allocation priorities. The transaction is subject to customary closing conditions and regulatory approval and is expected to close in the third quarter of 2022. Eric John, Senior Vice President of the Tank and Pump segment, will serve as the CEO of the newly independent business.
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CRAI | Hot Stocks08:38 EDT CRA International announces new $250M revolving credit facility - Charles River Associates announced a new and expanded revolving credit facility with a bank syndicate comprised of five lenders. The five-year facility is for an aggregate principal amount of up to $250 million, which amount may be decreased at CRA's option to $200 million from July 16 through January 15 of each year when CRA's working capital needs are typically diminished. The facility replaces CRA's existing revolving credit facility, which was originally for an aggregate principal amount of up to $125 million and increased to $175 million last year, and was scheduled to mature in October 2022. Proceeds of the new revolving credit facility will be used to repay outstanding amounts under the existing revolving credit facility and will provide working capital to support continued growth in the business and fund other general corporate purposes.
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TFII HTLD | Hot Stocks08:37 EDT TFI International to sell CFI's truckload business to Heartland for $525M - TFI International (TFII) has signed a definitive agreement to sell CFI's Truckload, Temp Control and Mexican non-asset logistics businesses to Heartland Express (HTLD) for $525 million, subject to certain agreed upon adjustments. The transaction is subject to the satisfaction or waiver of usual and customary closing conditions, including regulatory approvals. The CFI TL, TC & MX Business currently operates primarily in the US-based Conventional TL operating segment of TFI's Truckload segment and provides comprehensive truckload service offerings, including time definite dry-van truckload, long-haul and short-haul freight transportation, reefer transportation and Mexico-based non-asset logistics services. The CFI TL, TC & MX Business has ~2,000 tractors, ~7,800 trailers and ~2,800 employees. CFI's Mexican logistics business has a network of nearly 200 C-TPAT certified Mexico carrier partners. TFI is keeping the Dedicated and US Logistics divisions. The CFI TL, TC & MX Business generated approximately US$450 million in revenue before fuel surcharge and operating income of approximately US$50 million in 2021. Pro forma for the transaction, TFI expects its FY 2022 EPS guidance of US$8.00 to remain unchanged, and pro forma funded debt-to-EBITDA ratio to decline to approximately 1.0x from approximately 1.3x as of June 30, 2022. The CFI TL, TC & MX Business is the most capital intensive in the TFI portfolio. TFI will retain its Dedicated and US Logistics businesses. For the Dedicated business, revenue and operating income for the trailing 12-month period ended June 30, 2022 was ~US$401 million and ~US$21 million, respectively. For the US Logistics business, revenue and operating income for the trailing 12-month period ended June 30, 2022 was ~US$146 million and ~US$11 million, respectively. The transaction has been unanimously approved by the boards of both TFI and Heartland and is expected to close in the third quarter of 2022 subject to the satisfaction or waiver of usual and customary closing conditions, including regulatory approvals.
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SITE | Hot Stocks08:37 EDT SiteOne Landscape completes acquisition of Jim Stone Co. of Louisiana - SiteOne Landscape Supply announced the company completed its acquisition of Jim Stone Co. of Louisiana, a wholesale distributor of natural stone and other hardscapes products with three locations in Southern Louisiana. "Jim Stone is a great addition to SiteOne as it expands the range of products and services we can provide to our customers across the Gulf Coast," said Doug Black, Chairman and CEO of SiteOne Landscape Supply. "They have a tremendous 20-year history of providing superior customer service, and we are excited to join with them and deliver even higher value to our combined customers."
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IAA | Hot Stocks08:36 EDT IAA announces launch of CARFAX Canada vehicle history reports - IAA announces that non-branded, repairable IAA vehicles in Canada now include CARFAX Canada Vehicle History Reports. IAA's Vehicle Details Page within the Auction Centre will now provide the most comprehensive vehicle history report available in Canada. This launch will allow buyers to fully view any available vehicle history report - with no limits or restrictions - paying only when they purchase the vehicle. "CARFAX Canada maintains a strong, established reputation in the industry and we are proud to work with them to improve buyer confidence in the integrity of IAA and the vehicles we sell," said Blair Earle, Managing Director, Canada for IAA. "This CARFAX Canada integration will ensure our buyers understand more about a vehicle's history, enabling them to make more-informed buying decisions and improving the overall buyer experience."
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VERU | Hot Stocks08:36 EDT Veru says TGA granted expedited review for sabizabulin for Covid treatment - Veru announced that Australia's Therapeutic Goods Administration has determined that sabizabulin treatment in hospitalized COVID-19 patients at high risk for Acute Respiratory Distress Syndrome qualifies for an expedited, provisional registration regulatory pathway. A provisional registration determination by TGA is an expedited review of a provisional registration application, whose application, if authorized, would allow the drug to be prescribed in Australia earlier than the standard registration process. Veru's regulatory agent in Australia is Adjutor Healthcare."We are pleased that another tier 1 regulatory agency, Australia's Therapeutics Goods Administration, has determined that sabizabulin qualifies for an expedited regulatory review pathway for the treatment of hospitalized COVID-19 patients at high risk for ARDS," said Mitchell Steiner, M.D., Chairman, President, and Chief Executive Officer of Veru. "In addition to the Australian TGA, we now are in the process of seeking emergency use authorizations or expedited reviews by the United States FDA, the European Union EMA, and the United Kingdom MHRA. It is currently winter in Australia and the COVID death rate in Australia in hospitalized COVID-19 patients who are at risk for ARDS remains unacceptably high with current standard of care. By reducing deaths in hospitalized COVID-19 patients, sabizabulin has great potential to play a critical role in the battle against COVID-19 infections."
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ENFN | Hot Stocks08:36 EDT Enfusion appoints Movchan interim CEO - Enfusion announced that its Board of Directors has appointed Oleg Movchan, currently a member of the Board, as Interim Chief Executive Officer, CEO, effective August 21, 2022. Movchan succeeds Thomas Kim, who has resigned as CEO and as a Director of the Company so that he can spend more time with his family. Movchan has been an Enfusion investor and a Board member for over 10 years, and has worked closely with the Company's management team as Enfusion developed its leading cloud-based investment management software and services. The Board has retained an executive search firm to assist with the search process for the permanent Chief Executive Officer role.
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HTLD TFII | Hot Stocks08:35 EDT Heartland Express to acquire Contract Freighters truckload business for $525M - Heartland Express (HTLD) announced that it will acquire the Contract Freighters non-dedicated U.S. dry van and temperature-controlled truckload business and CFI Logistica operations in Mexico from TFI International, Inc. (TFII), for a cash enterprise value of $525 million, subject to certain adjustments. The term CFI does not include the CFI Dedicated or CFI Logistics U.S. brokerage operations, which are not part of the transaction. Highlights: Acquisition will be Heartland Express' largest, adding CFI's storied brand, talented team, and cross-border expertise; CFI to continue under its existing brand, management, and terminal locations; Company will be the 8th largest truckload fleet and 3rd largest irregular route, asset-based truckload carrier in the U.S., with estimated annual pro forma total revenue of approximately $1.3 billion and estimated annual operating cash flow of approximately $260.0 million, as well as estimated pro forma total assets nearing $2.0 billion as of June 30, 2022; Operating plan anticipates consolidated adjusted operating ratio of 85% or better within three years and repayment of all indebtedness within four years after closing; Transaction is expected to be immediately accretive to earnings excluding transaction costs; Transaction value anticipated to be funded with existing cash and borrowing under new $550 million revolving and term loan agreement. The enterprise value of the transaction is $525 million calculated on a cash-free, debt-free basis and subject to certain adjustments. Under the purchase agreement, Heartland Express will acquire 100% of the equity of Transportation Resources, Inc., the parent of Contract Freighters, Inc. and the Mexican entities comprising CFI Logistica. The purchase agreement contains customary terms and conditions, including regulatory approval, as well as purchase price adjustments for net working capital and retention by TFI of liability for all of CFI's pre-closing auto and workers' compensation claims. The transaction is expected to close in the third quarter of 2022 and be immediately accretive to earnings per share. For the twelve months ended June 30, 2022, CFI generated approximately $575 million in total revenue. Heartland Express estimates the enterprise value approximates 5x run rate adjusted EBITDA. The referenced period includes seven months of operations of the former D&D Sexton, certain costs associated with supporting the administrative functions of the TFI Retained Operations that will be phased out over time, the integration and subsequent exit of certain the TFI Retained Operations, and significant gains from selling excess equipment. Accordingly, this estimate is preliminary and subject to the completion of the carve-out audit of CFI's historical operations, the completion of purchase accounting adjustments, the wind-down and replacement of transition services, and other factors. Actual results following a closing are likely to differ from this preliminary estimate. The transaction and related expenses will be funded using a combination of balance sheet cash and borrowing under a new $550 million credit agreement to be entered into at closing of the transaction. The credit agreement is expected to include a $100 million revolving credit availability and up to $450 million in term loans. The credit facility will be unsecured, mature in five years, and contain customary terms and conditions, including financial covenants. Heartland has received commitments to fund the facility from a consortium of lenders, including joint bookrunners JPMorgan Chase Bank, N.A. and Wells Fargo Bank, N.A. Immediately after the closing, Heartland expects to have a net leverage ratio of approximately 1.25x and approximately $160 million of cash and available borrowing under the credit facility.
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CSSE | Hot Stocks08:33 EDT Chicken Soup for the Soul Entertainment announce senior leadership team - Chicken Soup for the Soul Entertainment's chairman and chief executive officer, William Rouhana announced the formation of a new senior leadership team drawn from both Chicken Soup for the Soul Entertainment and Redbox. As previously announced, entertainment and streaming industry veterans Galen C. Smith, executive vice chairman, and Jonathan Katz, president, will lead this team of executives across a number of areas to support the company's rapid growth. Both Smith and Katz will report to Rouhana. The Chicken Soup for the Soul Entertainment leadership team will consist of: Galen Smith, executive vice chairman of Redbox and Chicken Soup for the Soul Entertainment, will oversee all long-term planning for the company, including strategy, mergers and acquisitions, and corporate services. Reporting to him: Senior Vice President Corporate Communications, Peter Binazeski - Heads the company's corporate communications and public relations; Chief People Officer, Marisa Famulare - Continues to direct all people functions; Chief Innovation Officer, Jason Kwong - Shifts duties to newly expanded role incubating and developing future areas of growth for the combined business; Chief Financial Officer, Chris Mitchell - Continues responsibility for all financial operations, capital structure, and investor relations; Chief Strategy Officer, Elana Sofko - Continues to manage M&A activities and international expansion; and Chief Legal Officer, Fred Stein - Expands his Redbox role to oversee all legal, business affairs and risk management. Jonathan Katz, president, will oversee day-to-day operations, including the company's streaming, kiosk, distribution, and studio businesses. Reporting to him: Chief Operating Officer and President, Redbox Service, Michael Chamberlain - Continues to oversee the operations of the Redbox kiosk business, and leads the growing kiosk service business; Chief Executive Officer, Studios, David Ellender - Continues to lead the Chicken Soup for the Soul Television Group, developing and producing original content for all owned-and-operated platforms, now including Redbox kiosks and streaming, as well as third-party productions; Chief Acquisitions & Distribution Officer, David Fannon - Continues to oversee all domestic and international content acquisition and distribution, expanding his purview to include Redbox, and continues in his role as President of Screen Media Ventures; Chief Marketing Officer, Mike Feldner - Adds the combined company to his Redbox role, heading up all marketing, branding, and creative services, along with leading the company's analytics and insights team; Chief Revenue Officer, Philippe Guelton - Expands role to lead all advertising sales and operations, as well as revenue partnerships across the company; and Chief Digital Officer, Adam Mosam - Adds to his responsibilities oversight of the company's streaming businesses, including product, technology, and platform distribution.
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BAYRY | Hot Stocks08:30 EDT Bayer to present data from cardiovascular portfolio - Bayer will present a range of new clinical data at the European Society of Cardiology's 70th Annual Scientific Session, ESC.22, from August 26-29. Three late-breaking abstracts will be presented including data on the nonsteroidal mineralocorticoid receptor, MR, antagonist, KERENDIA, and the investigational oral Factor XIa inhibitor, asundexian. These data highlight Bayer's ongoing commitment to patients with cardiovascular, CV, and kidney diseases. Finerenone Prespecified Pooled Analysis FIDELITY Data: The prespecified exploratory pooled analysis FIDELITY, pools data from the FIDELIO-DKD and FIGARO-DKD Phase III studies, comprises data from more than 13,000 patients with chronic kidney disease, CKD, associated with type 2 diabetes, T2D. A new exploratory analysis of FIDELITY, investigating causes of mortality in patients with CKD associated with T2D treated with finerenone or placebo, will be presented. Additional sub-analysis from FIDELITY will evaluate whether CKD, as defined jointly by estimated glomerular filtration rate and urine albumin-to-creatinine ratio, is a modifiable CV risk factor in patients with T2D. Asundexian PACIFIC Phase IIb Study Data: The PACIFIC Phase IIb clinical program was designed to investigate if asundexian can reduce the risk of thrombotic events while minimizing additional bleeding risk. The PACIFIC Phase II clinical trial program consisted of three Phase IIb studies, each one focusing on one of the following medical conditions: atrial fibrillation, a recent non-cardioembolic ischemic stroke4 or a recent acute myocardial infarction. PACIFIC-AMI is a Phase IIb dose-finding trial which compares the investigational, oral FXIa inhibitor asundexian to placebo on top of standard dual antiplatelet therapy in patients following an acute myocardial infarction. The study was designed to evaluate the effect of several different doses of asundexian on safety and efficacy versus placebo, on top of DAPT.5 The results of the study will be presented within the following late-breaker live-streamed session. PACIFIC-STROKE is a Phase IIb dose-finding trial designed to evaluate the effect of several different doses of asundexian on safety and efficacy on top of the standard anti-platelet therapy in patients following a non-cardioembolic ischemic stroke compared to a placebo. In addition to the release of this study data, a joint session with ESC and The Lancet will review PACIFIC-AF, a Phase IIb dose-finding study comparing the safety of the oral FXIa inhibitor asundexian to the non-vitamin K antagonist oral anticoagulant apixaban in patients with irregular heartbeat who are at risk of stroke.
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CUE | Hot Stocks08:29 EDT Cue Biopharma doses 1st patient in CUE-102 study for Wilms' Tumor cancer - Cue Biopharma announced that it has dosed the first patient in a Phase 1 dose escalation study evaluating CUE-102, its second clinical drug candidate from the CUE-100 series of interleukin 2 based biologics, as a monotherapy for the treatment of patients with Wilms' Tumor 1 -positive recurrent/metastatic cancers. The study will initially focus on colorectal, gastric, pancreatic, and ovarian cancers. "Initiating this Phase 1 clinical study of CUE-102 at a starting dose of 1mg/kg, a clinically active dose in our Phase 1 CUE-101 clinical trial for HPV+ head and neck cancer, is an important step forward in demonstrating the modularity of our Immuno-STAT( platform and the broader clinical potential of our CUE-100 series of biologics," said Dan Passeri, chief executive officer of Cue Biopharma. "We believe, given the preservation of the core molecular framework between CUE-102 and CUE-101 with the primary exception of the tumor-specific epitope, initiating the dose escalation trial at 1 mg/kg will result in reduced time and cost to evaluate tolerability at therapeutically active doses."
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TOI | Hot Stocks08:26 EDT The Oncology Institute, Blue Note team on cancer-related depression - The Oncology Institute and Blue Note Therapeutics, a prescription digital therapeutics, PDT, company dedicated to easing the burden of cancer and improving outcomes, have partnered to provide enhanced psychological support services for TOI patients. Blue Note's cancer-specific prescription digital therapeutic attune is the first digital therapeutic designed to treat anxiety and depression symptoms related to cancer. Attune will be available to all eligible TOI patients by prescription. "Diagnosis and treatment of cancer can cause an enormous amount of stress that is both normal and expected. Blue Note is committed to helping patients find constructive ways to cope," said Geoffrey Eich, CEO, Blue Note Therapeutics. "Offering attune to patients in TOI clinic locations will expand access to cancer-specific mental health care, meeting a need for the 85 percent of all cancer patients in the U.S. treated in a community setting."
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CALX | Hot Stocks08:26 EDT Calix announces Mukherjee joined board of directors - Calix announced that Raj Mukherjee has joined its board of directors to provide guidance to the industry-leading cloud and software company. Mukherjee brings two decades of expertise in cloud software products that drive business growth. Raj currently serves as the executive vice president and general manager, small business and international, at Indeed.
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BTTR | Hot Stocks08:26 EDT Better Choice Company launches new Halo Holistic recipe - Better Choice Company announces the launch of new and improved Halo Holistic. The improved recipes contain higher levels of responsibly sourced protein, more skin and coat health, and enhanced digestive support through higher levels of guaranteed probiotics and added postbiotics.
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FLNC | Hot Stocks08:25 EDT Fluence Energy announces contract with Cubico Sustainable Investments - Fluence Energy announced a contract with Cubico Sustainable Investments to optimize the performance of the 350 MW Solem I and II solar plants in El Llano, Mexico, using Fluence's Nispera asset performance management software. Fluence's Nispera APM software integrates asset data with intelligent machine learning models and visualization tools to help solar and wind plant owners uncover hidden performance issues, minimize downtime, and maximize energy production. Nispera will optimize operations and maintenance of the Solem I and II solar plants, which make up one of the largest solar projects in Latin America, with a focus on detecting possible budget deviations while proposing measures to improve performance and revenue to deliver more clean energy to the grid and the municipality of El Llano, Mexico.
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LFMD | Hot Stocks08:24 EDT LifeMD's Cleared enters strategic partnership with Allergenis - LifeMD announced that its wholly-owned allergy telehealth subsidiary, Cleared, has entered into a strategic partnership with Allergenis, a predictive data analytics company specializing in the detection and management of life-threatening food allergies. The strategic partnership leverages Cleared's direct-to-patient allergy telehealth infrastructure and marketing expertise and Allergenis' breakthrough peanut allergy diagnostic blood test. The partnership also establishes Cleared as the exclusive telehealth provider for the commercial launch of Allergenis' highly accurate peanut allergy diagnostic in the direct-to-consumer channel.
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ENPH | Hot Stocks08:22 EDT Enphase Energy, Meraki Solar expand adoption of IQ Microinverters - Enphase Energy announced that Meraki Solar is expanding the adoption of Enphase IQ Microinverters as United States homeowners are hit with rising energy prices. Meraki Solar is headquartered in Florida and services customers in eight states across the country.
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CINC | Hot Stocks08:21 EDT CinCor to present data on Baxdrostat from CIN-MAD study - CinCor Pharma announced that the company will present Phase 1 clinical data on lead candidate baxdrostat as part of a poster presentation at the upcoming European Society of Cardiology Congress taking place August 26-29, virtually and live in Barcelona, Spain. Baxdrostat is a highly selective, potent, once daily, oral inhibitor of aldosterone synthase. The presentation will include clinical data from the randomized, Phase 1, placebo controlled multiple ascending dose study which evaluated the safety, pharmacokinetics, and pharmacodynamics of baxdrostat in healthy volunteers. "Baxdrostat has an exciting new mechanism of action that we believe has encouraging potential to become the first major advancement in decades for the broad treatment of hypertension. We look forward to presenting this Phase 1 data, which will provide convincing evidence of pharmacodynamic inhibition of the drug's enzyme target, aldosterone synthase, as well as demonstrating baxdrostat's well-behaved pharmacokinetic properties and well-tolerated profile at all doses tested," said Mason Freeman, M.D., Chief Medical Officer at CinCor. "These data complement the recently announced Phase 2 BrigHtn topline data demonstrating clinically meaningful and statistically significant reduction in blood pressure as well as a compelling safety and tolerability profile following treatment with baxdrostat in patients with resistant hypertension."
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ENLV | Hot Stocks08:20 EDT Enlivex Therapeutics expects cash to fund operations through 3Q24 - As of June 30, 2022, Enlivex had cash, cash equivalents, and short-term deposits of $62.5 million. The Company believes its existing cash, cash equivalents, and short-term deposits will be sufficient to fund its operating expenses and capital expenditure requirements through the third quarter of 2024.
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KRON | Hot Stocks08:17 EDT Kronos: First patient dosed in trial of lanraplenib/gilteritinib combo for AML - Kronos Bio announced that the first patient has been dosed in a Phase 1b/2 clinical trial of lanraplenib in combination with gilteritinib in patients with relapsed/refractory FLT3-mutated acute myeloid leukemia . Lanraplenib is the company's next-generation spleen tyrosine kinase inhibitor. In addition to lanraplenib, Kronos Bio is also evaluating its lead investigational SYK inhibitor, entospletinib, in the Phase 3 registrational AGILITY study as a treatment for newly diagnosed patients with NPM1-mutated AML in combination with standard induction and consolidation chemotherapy. While entospletinib and lanraplenib have equivalent preclinical anti-leukemic activity and selectivity for SYK, lanraplenib's pharmacologic properties may be advantageous in regimens that are dosed to progression, such as the investigational gilteritinib combination. The Phase 1b/2 lanraplenib clinical trial is a multi-center, open-label, dose-escalation study enrolling patients with relapsed/refractory FLT3-mutated AML. This trial is being conducted in two stages: a dose-escalation stage and an expansion stage. The first stage is evaluating initial safety, pharmacokinetic and anti-leukemic activity of escalating once-daily doses of lanraplenib in combination with the standard approved dose of gilteritinib. This stage also will assess FLT3 measurable residual disease negative rate in patients who achieve a complete response and explore the predictive
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NERV | Hot Stocks08:17 EDT Minerva submits NDA to FDA for roluperidone - Minerva Neurosciences announced that the company has submitted a New Drug Application to the U.S. Food and Drug Administration for roluperidone for the treatment of negative symptoms in patients with schizophrenia. The roluperidone clinical development program aims to provide effective treatment for negative symptoms of schizophrenia, a significant unmet medical need in a large patient population.
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G | Hot Stocks08:16 EDT Genpact and Climate Vault announce partnership - Genpact and Climate Vault, a non-profit founded at the University of Chicago, announced they are combining Genpact's technology and digital transformation expertise with Climate Vault's quantifiable, integrated approach to carbon reduction and removal. This partnership will address an urgent need for climate action and empower more organizations to accelerate their journeys to carbon neutrality. In this collaboration, Climate Vault will embed Genpact's digital technologies and process expertise to boost its carbon reduction and removal solution.
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ARQT | Hot Stocks08:14 EDT Arcutis Biotherapeutics announces Arcutis Cares is open for enrollment - Arcutis Biotherapeutics announced that Arcutis Cares, the first ever patient assistance program for a topical psoriasis product, is open for enrollment. Financially eligible individuals who are uninsured or underinsured may apply for the program to receive ZORYVE cream 0.3% at no cost. Arcutis Cares is open for application to individuals who meet certain financial eligibility requirements, are uninsured or have Medicaid or Medicare Part D prescription coverage and cannot afford their medication. Covered individuals must be 12 years or older, a resident of the United States, and prescribed ZORYVE for an FDA-approved use. The application and the complete terms of the program are available by calling Arcutis Cares at 855-600-3755, or by visiting and downloading the form at arcutiscares.com and faxing to 855-237-9113. Terms and conditions are subject to change at any time. Individuals with commercial drug insurance may be eligible for the ZORYVE Direct Savings Card. Individuals may pay as little as $25 if their commercial drug insurance covers ZORYVE, and $75 if their commercial drug insurance currently does not cover ZORYVE.
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BLTE | Hot Stocks08:11 EDT Belite Bio initiates Phase 3 trial of LBS-008 in Stargardt Disease - Belite Bio announced that it has commenced enrollment for the U.S. Phase 3 clinical trial of LBS-008 in patients with Stargardt Disease, a progressively blinding disease with no approved treatment. LBS-008 is an orally-available, small molecule retinol binding protein 4 antagonist that selectively reduces the delivery of vitamin A to the eye, leading to a reduction of toxic vitamin A byproducts that have been implicated in the onset and progression of STGD1. Sponsored by the NIH Blueprint program to treat non-neovascular age-related macular degeneration, LBS-008 is also endorsed by NIH as a promising first-in-class oral medication to slow or halt the progression of Dry AMD, a disease which primarily affects the elderly and shares a similar pathophysiology as STGD1. There are currently no approved treatments for STGD1 or Dry AMD by the U.S. Food and Drug Administration. Belite Bio has completed multiple randomized, double-blind, placebo-controlled, Phase 1 trials of LBS-008 in healthy adult subjects, including a single ascending dose, or SAD trial in 40 subjects in the U.S., and a SAD trial in 39 subjects and a multiple ascending dose, or MAD, trial in 32 healthy adult subjects in Australia. These trials were conducted to confirm the safety, toxicity, PK, and PD of LBS-008 on a range of SAD / MAD levels in healthy adult subjects in fasted / fed conditions. All dose levels were well tolerated. Belite Bio is currently conducting a 2-year Phase 2 trial and a 2-year Phase 3 trial of LBS-008 in adolescent STGD1 subjects. The Phase 2 trial has enrolled a total of 13 subjects at clinical sites in Australia and Taiwan. Preliminary data from the Phase 2 trial at the first 6-month interval shows that 8 of the 13 patients recorded a gain in best-corrected visual acuity in at least one eye, including 2 patients who recorded a BCVA gain in both eyes. In addition, there were no atrophic lesions in any of the 13 subjects at study start and only 1 subject showed evidence of a retinal lesion at 6 months. Belite Bio expects the next data readout of this Phase 2 trial to occur in the last quarter of 2022 when all subjects have completed 12 months of treatment. The Phase 3 trial, a randomized, double-masked, placebo-controlled, global and multi-center study, is designed to evaluate the safety and efficacy of LBS-008 in adolescent STGD1 patients. To date, the Company has commenced the Phase 3 clinical trial in the U.S., the United Kingdom, Germany, Belgium, Switzerland, Hong Kong, Taiwan, and Australia. Approximately 60 patients are targeted for enrollment in this study with a 2:1 randomization. Additionally, because the accumulation of toxic bisretinoids has also been implicated in the progression of Dry AMD, Belite Bio believes that LBS-008 has the potential to be effective for the treatment of Dry AMD as well. Belite Bio plans to initiate a Phase 2/3 clinical trial for Dry AMD in the 4th quarter of 2022.
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BXRX | Hot Stocks08:09 EDT Baudax Bio receives notice of allowance for patent covering use of ANJESO - Baudax Bio announced that the United States Patent and Trademark Office has provided a Notice of Allowance for patent application No. 16/297,095, titled "Methods of administering intravenous meloxicam in a bolus dose", which includes claims covering the use of multiple doses of ANJESO for the treatment of moderate to severe pain resulting in a reduction in summed pain intensity difference and also a reduction in the use of rescue analgesia 48 hours following the first dose. A Notice of Allowance is issued after the USPTO makes the determination that a patent should be granted from an application. A patent from the recently allowed application is expected to be issued in the coming months. Once issued, the '095 Application will be eligible for listing in the United States Food and Drug Administration's Orange Book: Approved Drug Products with Therapeutic Equivalence Evaluations as it relates to ANJESO. Once issued, the '095 Application will be the second ANJESO patent to be listed in the Orange Book with an expiry date of March 2039. Upon issuance, the '095 application will join seven other patents listed in the Orange Book, amongst others owned or licensed by Baudax that currently provide exclusivity to the ANJESO franchise. The '095 Application emphasizes ANJESO's potential to treat moderate to severe pain while potentially reducing the use of rescue analgesics.
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SGBX | Hot Stocks08:08 EDT SG Blocks finalizes closing for St. Marys manufacturing facility - SG Blocks announced that the Company has closed on approximately 29 acres in St. Marys, Georgia, with plans to build the Company's third manufacturing site. The manufacturing facility will be located within St. Marys Commerce Park. The current site is the home of the former and now closed St. Marys airport. The new factory will employ roughly 40 people, initially. This will serve as the Company's third factory to date, with an anticipated groundbreaking expected in Q2 of 2023. The facility will be used to build the Cumberland Inlet project, of which a groundbreaking event is being held on August 26th. "We are clearly very invested in the local St. Marys community; we see a lot of potential for growth in this coastal city," Paul Galvin, Chairman and CEO of SG Blocks noted. "Our manufacturing facility is the product of multiple entities coming together to find the highest and best use of the St. Marys Commerce Park, a wonderful redevelopment with the goal of revitalizing a city that has so much to offer. We're very honored to be a part of that master plan."
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AMTX | Hot Stocks08:07 EDT Aemetis to supply Aer Lingus, British Airways with SAF - Aemetis announced that it has agreed to a multi-year agreement with International Airlines Group to supply sustainable aviation fuel to help power both British Airways and Irish flag carrier Aer Lingus' flights from San Francisco Airport from 2025. IAG, parent company of both British Airways and Aer Lingus, will purchase a total of 78,400 tonnes1 of SAF over seven years, enough to reduce CO2 emissions by up to 248,000 tonnes across the same time period.
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CMG | Hot Stocks08:07 EDT Chipotle to bring back Chipotle IQ trivia game - Chipotle Mexican Grill announced it is bringing back Chipotle IQ, a trivia game that tests fans' knowledge of Chipotle's ingredients, leading food standards, fresh preparation, culinary techniques, sustainability efforts, and community engagement. This year's game will give Chipotle superfans the chance to win one of 500,000 BUY-ONE-GET-ONE offers. Each day this week at 9am PT, Chipotle will offer BOGOs to the first 100,000 fans who score a 10 out of 10 on Chipotle IQ. Fans with a perfect score will unlock an extra credit question, and if answered correctly, they will be entered to win one of 50 limited edition, stainless steel $500 Chipotle gift cards. Chipotle IQ features multiple choice, true or false questions, and write-in answers. Fans will have an unlimited number of tries to get a perfect score.
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VSAT | Hot Stocks08:06 EDT ViaSat awarded $99M order from U.S. NAVWAR - Viasat announced it was awarded a $99M order for Multifunctional Information Distribution System, or MIDS, Joint Tactical Radio System, or JTRS, terminals from U.S. Naval Information Warfare Systems Command, or NAVWAR, on behalf of the MIDS Program Office. This order falls under a U.S. Navy Indefinite Delivery, Indefinite Quantity, or IDIQ, contract awarded to Viasat in 2020 with a maximum value of $998 million for the production, retrofits, development and sustainment of MIDS JTRS terminals. This order was received during Viasat's Q2 FY23.
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RSKD | Hot Stocks08:06 EDT Riskified, Aurus partner to offer secure payment solutions - Riskified and Aurus announced a partnership which will enable merchants to effectively manage their payments through all channels and enjoy the protection of a risk management solution with a full chargeback guarantee. Merchants using Aurus now have access to Riskified's proprietary automated risk-based decisioning solution, which takes on the merchant's liability for fraud. Riskified's machine-learning platform enables greater accuracy and the ability to stay ahead of evolving fraud trends. "We're excited to partner with Aurus and expand our reach to merchants in many different geographies," said Kevin Sprake, VP of Global Partnerships at Riskified. "Using Aurus and Riskified allows merchants to securely and seamlessly grow their omnichannel business at any scale, drive significant cost savings and maximize revenue."
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ALJJ | Hot Stocks08:04 EDT ALJ Regional Holdings announces voluntary delisting from NASDAQ - ALJ Regional Holdings announced that it has submitted a formal notice to Nasdaq Stock Market of its decision to voluntarily delist its common stock from the NASDAQ Global Market and its intent to file a Form 25 with the SEC on or about September 1. As a result, ALJ expects that the last day of trading of its common stock on the NASDAQ Global Market will be on or about September 11. After the Form 25 is effective, ALJ also intends to pursue such other measures necessary to terminate or suspend the registration of its common stock under the Securities Exchange Act of 1934, as amended. ALJ anticipates that its common stock will be quoted on the Pink Sheets platform, which is operated by OTC Markets Group, and ALJ currently intends to continue to provide information to its stockholders and to take such actions within its control to enable its common stock to be quoted in the Pink Sheets so that a trading market may continue to exist for its common stock. The Company expects the deregistration of its common stock to become effective 90 days after the date of filing the Form 25 with the SEC. However, its reporting obligations to file certain reports with the SEC, including Forms 10-Q, 10-K and 8-K, will be immediately suspended upon filing the Form 25. Other filing requirements will terminate upon effectiveness of the deregistration.
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SUM | Hot Stocks08:04 EDT Summit Materials drives toward 2050 net zero carbon targets - Summit Materials announces that effective August 4, its Hannibal plant, operated by Continental Cement Company, a subsidiary of Summit, converted 100% of its annual production to Portland Limestone Cement, PLC. The Hannibal plant is the Company's second conversion to Portland Limestone Cement in 2022. Continental Cement's Davenport plant began 100% PLC production in April. The two plants produced a combined 2.1 M tons of cement in 2021. Continental Cement's conversion to PLC marks an important step toward reaching Summit's overall 2030 and 2050 decarbonization targets announced in April 2022. "Summit's vision is to become the most socially responsible, integrated construction materials solutions provider," commented Anne Noonan, CEO of Summit Materials. "The PLC conversion at our Hannibal and Davenport plants reflects Summit's target to reduce carbon emissions by 25% in 2030 and our goal to reach net zero by 2050, and furthers the larger industry effort to address climate change and build a more sustainable future through the Portland Cement Association's Roadmap to Carbon Neutrality."
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GP | Hot Stocks08:04 EDT GreenPower Motor appoints Leonard Bus Sales as a dealer for BEAST school bus - GreenPower Motor Company announced the appointment of Leonard Bus Sales as a dealer for GreenPower's BEAST Type D and Nano BEAST Type A all-electric school buses for the state of New York. Leonard has five locations and will have an exclusive appointment for the state of New York except for eight counties representing the New York City area, which will be non-exclusive. Leonard has initially agreed to purchase two BEAST and two Nano BEAST school buses from GreenPower for customers and demonstrations.
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TMO | Hot Stocks08:03 EDT Thermo Fisher opens single-use tech manufacturing site in Greater Nashville - Thermo Fisher Scientific opened its largest single-use technology manufacturing site in Greater Nashville. The $105M, 400,000-square-foot facility enables the company to help meet rapidly growing demand for the bioprocessing materials needed to produce vaccines and breakthrough therapies for cancer and other diseases. This new site is part of Thermo Fisher's $650M multi-year investment to expand its bioprocessing production capabilities. "Customers depend on our best-in-class technologies, services and expertise. This continued investment in bioprocessing manufacturing allows us to better serve them in delivering greater supply through scalable solutions," said Daniella Cramp, senior vice president and president, bioproduction, Thermo Fisher Scientific. "As the largest single-use manufacturing site in Thermo Fisher's network and one of the largest in the world, the Lebanon facility near Nashville enables customers to bring medicines to patients faster than ever before."
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BBWI | Hot Stocks08:03 EDT Bath & Body Works launches nationwide loyalty program - Bath & Body Works celebrates the nationwide availability of its loyalty program, My Bath & Body Works Rewards. Customers ready to unlock a world of exclusive perks can enroll through the app, in stores or online. This program delivers value -- with just a $100 spend, customers receive a free product valued up to $16.50.
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BGCP | Hot Stocks08:02 EDT BGC Partners defeats lawsuit alleging over payment for Berkeley Point Capital - BGC Partners defeated a lawsuit alleging BGC overpaid to acquire Berkeley Point Capital, in a decision that comes after a five-day trial in October 2021. On Friday, Vice Chancellor Lori Will of the Delaware Court of Chancery ruled that the purchase was entirely fair and that all parties acted consistent with their duties to BGC's shareholders. The Court's finding of entire fairness applies to both the price BGC paid for Berkeley Point and the process through which BGC's Special Committee negotiated with Cantor Fitzgerald to acquire the company. The Court found that "Berkeley Point was, by all accounts, a unique asset particularly appealing to BGC" and that the price negotiated by BGC's Special Committee and agreed to by Cantor Fitzgerald was at the "lower end" of a range of reasonable prices. The Court further found that the Special Committee was "independent, fully empowered, and well-functioning."
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TFC | Hot Stocks08:02 EDT Truist Financial acquires key strategic assets from Zaloni - Truist Financial announced that it has acquired key strategic assets from Zaloni, a data technology solution delivery company. Through this agreement, Truist will acquire the Zaloni Arena platform to accelerate its data governance, metadata management, advanced analytics, and artificial intelligence and machine learning programs. Zaloni Founder and Chief Product Officer Ben Sharma, Chief Technology Officer Ashwin Nayak, and a team of product, engineering and data professionals will join Truist's Enterprise Data Office led by Chief Data Officer Tracy Daniels. The team will be based in Raleigh.
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CLAR | Hot Stocks08:02 EDT Clarus approves two shareholders to increase their positions - The board of directors for Clarus Corporation, has approved the respective requests of two of its largest shareholders, Brown Advisory Incorporated and Greenhouse Funds, to be permitted under the Company's Rights Agreement dated as of February 12, 2008, to increase each of their respective beneficial ownership in Clarus to up to an aggregate of 12.5% of the Company's outstanding shares of common stock. Brown has beneficial ownership of 3,179,132 shares of the Company's common stock, as publicly disclosed by Brown in the Schedule 13F for the quarter ended June 30, 2022, filed by it with the Securities and Exchange Commission on August 2, 2022, which represents approximately 8.5% of the Company's outstanding shares of common stock. Greenhouse has beneficial ownership of 2,772,000 shares of the Company's common stock, as publicly disclosed by Greenhouse in the Schedule 13F for the quarter ended June 30, 2022, filed by it with the Securities and Exchange Commission on August 15, 2022, which represents approximately 7.4% of the Company's outstanding shares of common stock. The Company's determination to authorize Brown's and Greenhouse's requests to raise their respective stakes is conditioned upon, and subject to, Brown and Greenhouse not increasing each of their respective beneficial ownership to more than 12.5% of the Company's outstanding shares of common stock, Brown and Greenhouse remaining continuously eligible to report their respective ownership of the Company's common stock on Schedule 13G, and that Brown and Greenhouse respectively increasing their position to in excess of 9.9%, at their discretion within the next twelve months. In the event that Brown or Greenhouse subsequently reduces their respective beneficial ownership to below 9.9%, they would need to obtain a new approval from the Company's board of directors before seeking to again increase their respective beneficial ownership to in excess of 9.9% of the Company's outstanding shares of common stock. Brown's and Greenhouse's increased investment is not expected to impact the Company's ability to utilize the remainder of its outstanding Net Operating Loss carryforwards for U.S. federal income tax purposes, which stand at approximately $60.7 million. The Company expects to fully utilize approximately $39.5 million of the NOL carryforwards that expire on December 31, 2022.
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PUMP | Hot Stocks08:01 EDT ProPetro Holding announces electric fleet orders, lease agreement - ProPetro announced it has executed a long-term lease agreement for two electric frac fleets with expected delivery in the third quarter of 2023. Sam Sledge, Chief Executive Officer, commented, "As part of our fleet transition strategy initiated last year, we have executed an order to acquire two electric frac fleets from a leading manufacturer. These new electric fleets utilize conventional pumping equipment and proven technologies that are well-known across our industry. As demand for electric solutions continues to gain momentum, ProPetro is playing a significant role in bringing new technologies and more efficient, environmentally responsible solutions to the Permian Basin." Sledge added, "We are in discussions with several customers regarding multi-year projects that will use these electric fleets starting as early as the third quarter of 2023. With these more efficient fleets, we will help advance our customers' efforts to reduce costs and greenhouse gas emissions, while enhancing our company's competitiveness and free cash flow profile. We are also excited to bolster our services and capabilities for the benefit of our customers while equipping our ProPetro teammates with the best tools to drive sustainable value creation through the ongoing multi-year upcycle."
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FORG | Hot Stocks07:51 EDT ForgeRock announces strategic partnership with Secret Double Octopus - ForgeRock announced a strategic partnership with Secret Double Octopus, SDO, to extend ForgeRock's rich passwordless and Multi-factor Authentication, MFA, capabilities to enterprise workstations and infrastructure. Initially, ForgeRock will leverage technology from SDO to enable a unified MFA experience for employees, contractors, and vendors. The new solution, named ForgeRock Enterprise Connect, integrates seamlessly with any ForgeRock deployment option, giving enterprises the ability to achieve enhanced security for workstations, databases, VPNs, and servers. The new solution will be demonstrated this week at the Gartner IAM Summit in Las Vegas in ForgeRock's booth.
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ADDYY | Hot Stocks07:49 EDT Adidas CEO Kasper Rorsted to step down in 2023 - Adidas AG's Supervisory Board announces today that it has initiated a CEO transition. Kasper Rorsted, CEO of adidas, and the Supervisory Board have mutually agreed upon that Kasper Rorsted will hand over the CEO position during the course of 2023. The search for a succession has started. Kasper Rorsted will remain CEO until a successor has been appointed. Jointly with the Supervisory Board and the Management Board he will ensure a smooth transition at the helm of the company.
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PZZA | Hot Stocks07:47 EDT Papa John's announces new Papa Bowls - Papa Johns Canada unveiled a new menu category that features their fan-favourite toppings in a bowl. The new Papa Bowls are available in three flavours: Italian Meats Trio, Chicken Alfredo, and Garden Veggie. Consumers can also build their own using their favorite Papa Johns ingredients.
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WNRS | Hot Stocks07:40 EDT Winners CEO says next goal is to raise funding to carry out gameplan - Winners announced that its CEO, Wayne Allyn Root has issued a shareholder's letter to update shareholders, which read in part, "We already have the crown jewel of sports gaming in place and under lock and key. That would be yours truly. Wayne Allyn Root has been the biggest brand name in sports gambling for decades. I started as "Jimmy the Greek's" television partner at age 27 on CNBC. I set records for picking point spread winners on five television shows at FNN Sports. After going into private business selling my sports handicapping advice, millions of American sports bettors called for my advice...None of our competitors has a nationally known celebrity or personality to match the Wayne Allyn Root brand. So, we believe that we start with that advantage over our competitors. The Wayne Allyn Root brand is the exclusive property of VegasWinners. I certainly believe in the company. I am the largest individual shareholder of the parent public company Winners Inc. I've never sold one share of stock...All that's missing now is a media and marketing platform, so that millions of sports bettors get to know the brand VegasWinners, and most importantly, know where to go to see, hear and purchase our professional research, analysis, advice, data, entertainment and predictions. In other words, we need to let the world know we are here and open for business. That's precisely the use of this next round of funding- for building our marketing funnel and media/branding platform...With our new management/marketing team, combined with our new acquisition The Longshot Report, we are now approved to run ads with Google, Facebook and Instagram- valuable online marketing platforms we did not have last year. One more challenge in 2021 to mention. Although many states had legalized sports gaming in the past year, they were not open for business yet, or open only with a handful of places to gamble. The industry just wasn't quite ready last year...The real start for vibrant, legal sports gaming in America begins with the start of this coming football season...We believe we now have everything else in place to build the leading sports information and prediction company in America...We have found the ideal marketing team with a combined 50-years-experience in both online gaming and sports gaming marketing. Now, we will begin an effort to "roll up" sports handicapping companies and web sites, as well as real-time odds sites. Our first acquisition is Longshot Sports- a fully operating and profitable sports handicapping company with several hundred thousand dollars in annual revenues...We are also in the search process right now for signing famous brand name former NFL stars to join the Wayne Allyn Root brand on our video podcasts, to attract the attention of sports fans and bettors to VegasWinners."
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STZHF | Hot Stocks07:36 EDT Stelco reaches five-year labor agreements with represented employees - Stelco announced that its wholly-owned subsidiary, Stelco, has renewed five-year collective bargaining agreements with each of its United Steelworkers, USW, locals. The respective agreements were reached following extensive negotiations between the Company and each of the respective USW negotiating committees and will provide long-term stability for Stelco's operations. "We are pleased to have reached long-term, five-year agreements with our valued represented employees" stated Alan Kestenbaum, Executive Chairman and Chief Executive Officer. "These agreements will provide stability for our employees and their families and provide our customers and shareholders with confidence in Stelco's ability to continue to deliver on its commitments. The inflationary environment we live in has been very difficult on our valued employees and, while it was not always easy, we believe we have worked together with the union leaders to reach a structure that protects both our workers and their families as well as the company during these unpredictable times. I look forward to working together with our union partners to keep Stelco as the leader of the North American steel industry."
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VHIBF | Hot Stocks07:34 EDT Vitalhub enters licensing agreement with Bolton NHS Foundation Trust - VitalHub announced a licensing agreement of subsidiary Intouch with Health's digital, at-home pre-op solutions, Synopsis Home and Synopsis iQ, to the Bolton NHS Foundation Trust. This agreement is a new customer contract, further expanding the Company's presence across the National Health Service, and will provide Bolton with access to Intouch's award-winning Synopsis Home and iQ products. This sale responds to a need identified by Bolton NHS Foundation Trust to alleviate their elective care backlog, increasing operational efficiency and throughput. The Trust needed a solution to enable departments to be more efficient to cope with the additional surgeries required to work toward clearing the elective backlog, and chose the Company's products to address these challenges.
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CTO | Hot Stocks07:33 EDT CTO Realty Growth increases quarterly dividend 1.8% to 38c per share - CTO Realty Growth announced that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.38 per share of common stock for the third quarter of 2022, which represents a 1.8% increase as compared to the Company's previous quarterly cash dividend of $0.37333 per share of common stock. The Common Stock Cash Dividend is being increased to account for the Company's strong year-to-date cash flow growth and the need to distribute a certain amount of taxable income to maintain its REIT tax status. The Common Stock Cash Dividend is payable on September 30, 2022 to stockholders of record as of the close of business on September 12, 2022 and the ex-dividend date for the Common Stock Cash Dividend is September 9, 2022.
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VOD | Hot Stocks07:33 EDT Vodafone to sell Vodafone Hungary for EUR 1.8B - Vodafone Group has entered into heads of terms with 4iG Public Limited Company and Corvinus Zrt in relation to the potential sale of 100% of Vodafone Hungary for a total cash consideration equivalent to an enterprise value of EUR 1.8B. This represents a multiple of 9.1x Adjusted EBITDAaL for the 12-month period ending 31 March 2022, Vodafone said in a statement. Nick Read, Chief Executive of Vodafone, said: "The Hungarian Government has a clear strategy to build a Hungarian owned national champion in the ICT sector. This combination with 4iG will allow Vodafone Hungary, which has a proud history of success and innovation in the country, to play a major role in the future growth and development of the sector as a much stronger scaled and fully converged operator. The combined entity will increase competition and have greater access to investment to further the digitalisation of Hungary." The transaction is subject to completion of confirmatory due diligence, the Parties entering into binding transaction documentation and obtaining regulatory approval. The Parties are targeting completion by the end of 2022. Vodafone's shared services business in Hungary - VOIS - is not included in the transaction perimeter and it will continue to provide services to Vodafone's other operating companies.
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PINE | Hot Stocks07:32 EDT Alpine Income Property raises quarterly dividend 1.9% to 27.5c per share - Alpine Income Property Trust announced that its Board of Directors has authorized, and the Company has declared a quarterly cash dividend of $0.275 per share of common stock for the third quarter of 2022, which represents a 1.9% increase as compared to the Company's previous quarterly cash dividend of $0.27 per share of common stock.The Common Stock Cash Dividend is payable on September 30, 2022 to stockholders of record as of the close of business on September 12, 2022 and the ex-dividend date for the Common Stock Cash Dividend is September 9, 2022.
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CAG | Hot Stocks07:31 EDT Conagra Brands appoints Tracy Schaefer as Chief Information Officer - Conagra Brands announced the appointment of Tracy Schaefer to senior vice president and Chief Information Officer, effective today, August 22. Tracy joined Conagra in 2001 as a financial analyst and has served in a variety of leadership roles in multiple functional areas as well as transformative, enterprise-wide initiatives. She attended Drake University where she earned her degree in accounting and serves on the board of the Institute of Career Advancement.
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CWH | Hot Stocks07:30 EDT Camping World promotes Wintrow to SVP of Field Operations - Camping World announced the promotion of Brenda Wintrow to the role of Senior Vice President, SVP, of Field Operations. Wintrow joined Camping World in 2007 as a Business Development Manager and served in a variety of leadership roles during her tenure such as Regional Director of Business Development, and National Director of eCommerce.
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CROJF | Hot Stocks07:27 EDT Marimaca Copper appoints Leonardo Hermosilla as VP, projects - Marimaca Copper welcomes Leonardo Hermosilla to the Team as Vice President, Projects. In addition, Marimaca announces an update on various project development workstreams at the Marimaca Copper Project. Highlights: Hermosilla will provide senior technical leadership as the Marimaca Project advances towards the 2023 Feasibility Study and a construction decision; Hermosilla will be based out of Marimaca's Santiago, Chile office; Hermosilla is a global mining executive and brings over 30 years of experience in mine development and construction to Marimaca. 2022 Drilling Campaigns Now Complete: The 2022 Infill and MAMIX drilling campaigns were completed on August 18th 2022, with remaining results pending final assays; 2022 Infill and MAMIX programs totalled 38,570m across 177 drill holes; Geological interpretation and resource modelling is currently underway ahead of the planned 2022 Mineral Resource Update expected in late Q3; The 2022 MRE will capture drilling data completed up to June 30th, 2022, with the balance of the infill drilling to be captured in a subsequent MRE planned for early 2023. Water Engagement Update; Significant progress has been made on negotiations with potential seawater suppliers located in the Bay of Mejillones to secure a seawater supply option for the Marimaca Project; Marimaca is targeting completion of the water supply option, which guarantees seawater supply for the Marimaca Project, by year-end 2022. MAMIX Transitional and Primary Copper Extraction Concept Study: Marimaca is currently completing a proof-of-concept study led by 5Q Technologies, a privately-help specialist mineral processing company based in Santiago, Chile; The study aims to evaluate the potential for improving and optimizing the recovery of the deeper transitional material located in the MAMIX-zone, the depth extension to the Marimaca Oxide Deposit; A proof-of-concept study is currently underway with initial laboratory results expected in the near term. Marimaca and 5Q may then elect to advance to a next phase of study with a larger sample size; The 5Q study will supplement the Phase 5 Metallurgical Program which represents the culmination of a rigorous, bankable-level 5-phase metallurgical program at the MOD. Geotechnical and Condemnation Drilling: Marimaca has now completed the 2022 geotechnical diamond drilling campaign which was executed alongside the 2022 Infill and MAMIX campaigns; 2022 geotechnical and geological campaign totalled 3,000m across 13 diamond drill holes; Data from the 2022 geotechnical campaign will be used in the 2023 Feasibility Study and relevant permitting submissions planned for 2023; Planning and budgeting are currently underway for the condemnation drilling program across key infrastructure areas. Hayden Locke, President & CEO of Marimaca Copper, commented: "I am very excited to welcome Leonardo to the team as we start our transition to developer and, eventually, operator of the Marimaca Oxide Deposit. He brings enormous experience in mine development and will provide important technical leadership as Marimaca moves toward production. The 2022 infill drilling campaign is now complete and we remain confident that the first mineral resource update, towards the end of September, will deliver a step change in the scale of the Marimaca Project. We continue to make good progress with the various work programs aimed at moving the project towards production, and we look forward to updating the market on these as they're completed."
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LQDA | Hot Stocks07:23 EDT Liquidia Technologies reports inducement grants under Nasdaq listing rule - Liquidia Corporation announced the grant of inducement stock options exercisable for an aggregate of 7,000 shares of Liquidia's common stock to newly hired non-executive employees under the Liquidia Corporation 2022 Inducement Plan. Each stock option was granted as an inducement material to the grantee's acceptance of employment with Liquidia as a component of the grantee's employment compensation in accordance with Nasdaq Listing Rule 5635(c)(4). The Inducement Plan is used exclusively for the grant of non-statutory stock option awards to individuals who were not previously employees of Liquidia as an inducement material to such individual's entering into employment with Liquidia, pursuant to Rule 5635(c)(4) of the Nasdaq Listing Rules. Each stock option is exercisable at a price of $7.44 per share, the closing price of Liquidia's common stock on August 19, 2022, the grant date. Each stock option has up to a ten-year term and vests over four years, with 25% of the award vesting on the first anniversary of the grant date, and an additional 1/48th of the award vesting monthly thereafter, subject to continued service through the applicable vesting dates. Each stock option is subject to the terms and conditions of the Inducement Plan.
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NOPMF | Hot Stocks07:21 EDT Neo Performance, Hudson Resources sign agreement for exploration license - HUDSON RESOURCES and NEO PERFORMANCE MATERIALS are pleased to announce that the parties have executed a binding agreement whereby Neo will acquire from Hudson an exploration license covering the Sarfartoq Carbonatite Complex in southwest Greenland. The Project hosts a mineral deposit that is enriched in neodymium and praseodymium, two essential elements for rare earth permanent magnets used in electric vehicles, wind turbines, and high-efficiency electric motors and pumps that help reduce greenhouse gas emissions. Located just 60 kilometers from the international airport in Kangerlussuaq, the Project is close to tidewater and a major port facility and is directly adjacent to some of the best hydroelectric potential in Greenland. Neo, through a special purpose entity, plans to explore and develop the Sarfartoq Project to further diversify its global sourcing of rare earth ore and to expand the rare earth supply chains that feed Neo's rare earth separation facility in Estonia. That facility was recently awarded a Gold Medal for its sustainable practices by EcoVadis, the well-respected global sustainability auditor. Neo is also pursuing plans to break ground on a greenfield rare earth permanent magnet manufacturing plant in Estonia that is intended to provide European manufacturers with the permanent magnets needed for electric and hybrid vehicles, wind turbines, and energy-saving electric motors and pumps. The Sarfartoq Project also is a key element of Neo's "Magnets-to-Mine" vertical integration strategy. Completion of the sale of the license is subject to various conditions, including approval from the Government of Greenland for the transfer of the License, expected to take approximately six months, and approval of the TSX Venture Exchange on the part of Hudson. Neo intends to assign its rights under the Agreement to an SPE controlled by Neo that would hold the License and continue exploration and ultimately extraction of the rare earth elements on the Project. The key terms of the Agreement are as follows: Hudson receives a nonrefundable initial cash payment of US$250,000 upon signing of the Agreement. Upon receipt of approval from the Greenland government, Hudson will transfer the License to Neo or the SPE. Hudson will receive an additional US$3,250,000 upon closing of the transaction. If within five years from the date of closing of the transaction the SPE transfers the License, or there is a change in control of the SPE pursuant to an acquisition or merger, then Hudson will receive 5% of the total consideration received by the SPE in connection with such transfer, or the SPE conducts an initial public offering on a stock exchange, then Hudson will receive 5% of the fully diluted equity interests in the SPE immediately prior to the IPO. The License covers the large Sarfartoq carbonatite complex that hosts Hudson's ST1 REE project and the Nukittooq Niobium-Tantalum project. The REEs on the Property have a high ratio of neodymium and praseodymium at 25%-40% of Total Rare Earth Oxides. Hudson completed a Preliminary Economic Assessment on the ST1 project in November 2011 that outlined a National Instrument 43-101 compliant resource containing 27 million kilograms of neodymium oxide and 8 million kilograms of praseodymium oxide. Three kilometers east of the ST1 Zone is another high-grade zone that hosts one of the rare earth industry's highest-known ratios of neodymium oxide to Total Rare Earth Oxide -- 45% -- as shown by Hudson's original mineralogical work. Neo and the SPE expect to conduct additional exploratory drilling and other work to move the Project forward to eventual commercial operation. Neo also intends to enter into an offtake agreement with the SPE with rights to purchase 60% of the ore or mineral concentrate produced from the Project. Closing of the transaction is subject to customary regulatory approvals by the TSX-V and the Greenland government.
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HHC | Hot Stocks07:20 EDT Howard Hughes announces JDM reacquired stake in Douglas Ranch - The Howard Hughes announced that JDM Partners has exercised their remaining option to reacquire a stake in Douglas Ranch, the recently launched large-scale master planned community in Phoenix's West Valley. The community was acquired by The Howard Hughes from JDM Partners and El Dorado Holdings last October for approximately $541M. On August 18, JDM Partners exercised its second option to buy back into Douglas Ranch, acquiring an additional 2.8% interest in the Douglas Ranch joint venture for approximately $15 million. The transaction brings the aggregate of JDM Partners' investment in Douglas Ranch-excluding Trillium, the community's first 3,000-acre village-to approximately $65M, which equates to approximately 12% of the joint venture. JDM Partners and El Dorado Holdings are 50/50 joint venture partners with HHC on Trillium. Land sales at the master planned community are expected to begin this fall.
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AOTVF | Hot Stocks07:18 EDT Ascot announces assay results from drill program at Premier Gold Project - Ascot Resources announced the second batch of assay results from the 2022 exploration drill program at the Company's Premier Gold Project, located on Nisga'a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. These results are from surface exploration drilling at the emerging Sebakwe Zone, approximately 600 metres east of the past-producing Premier mill. Highlights from the drill results include: 11.83 g/t Au and 56.3 g/t Ag over 2.73m, including 20.10 g/t Au and 82.4 g/t Ag over 1.40m, from a depth of 335.47m in hole P22-2394; 6.33 g/t Au and 6.6 g/t Ag over 3.20m, including 11.25 g/t Au and 10.7 g/t Ag over 1.60m, from a depth of 290.10m in hole P22-2396; 8.25 g/t Au and 15.7 g/t Ag over 1.45m from a depth of 290.55m in hole P22-2400. The Company had initially planned on drilling 10 new holes totaling approximately 4,000 metres at Sebakwe as a part of the 2022 exploration drilling program, but based on encouraging visual indications of mineralization and structure, this was increased to 15 holes totaling 6,110 metres. Following the first batch of six drill holes released previously which included bonanza-grade gold of 193 g/t, this release summarizes results from the remaining nine surface drill holes totaling 3,633 metres. Derek White, President and CEO of Ascot commented, "Following on our previous drilling success at Sebakwe, we have now increased the mineralized strike length fivefold from 70 metres to 350 metres, with mineralization still open in several directions. In just 15 holes drilled this season, we have achieved our main objectives in establishing the high-grade tenor, identifying more coarse, visible gold, and growing the mineralized zone with step-out drilling. We look forward to the future of the Sebakwe Zone and continuing to demonstrate it as an accretive, near-mine exploration success and potential to grow our resource base for development near planned underground infrastructure. We have advanced underground development at Big Missouri over 450 metres to date and have reached initial mineralized areas, allowing for detailed face sampling. Drilling is ongoing at Big Missouri and we have been encouraged by multiple occurrences of visible gold in the drill core. We will report the corresponding assays as they become available."
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ZIJMY | Hot Stocks07:17 EDT FIRB approves Zijin Mining investment in Xanadu - Xanadu Mines is pleased to announce that Zijin Mining Group has advised Xanadu that on 11 August 2022, the Australian Foreign Investment Review Board issued a no objection notification for the acquisition of Xanadu shares by Zijin, through its wholly owned subsidiary Jinping Mining Pte. Ltd., sufficient to complete its investment in Xanadu, as announced on 19 April 2022. This clears one of the three approvals required to progress the strategic partnership between Xanadu and Zijin, which will fund Xanadu to progress the Company's flagship Kharmagtai Copper-Gold Project through its next phase of project evaluation and decision on future development. These approvals include: FIRB approval in Australia; Regulatory approvals in Peoples' Republic of China; Xanadu shareholder approval. The strategic partnership includes three phases of investment. The first phase was completed on 27 April 2022, raising A$5.56 million via a subscription by Zijin to 139 million fully paid ordinary shares in Xanadu at A$0.04 per share to provide Zijin with a 9.9% shareholding in the Company. The two subsequent phases include a second placement of ordinary shares at A$0.04 per share to increase Zijin's total shareholding in the Company to 19.99% and the creation of a 50/50 Joint Venture in Khuiten Metals Pte. Ltd., the entity currently 100% owned by Xanadu that holds a 76.5% effective interest in Kharmagtai, for a cash investment of $35 million.
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ASLN | Hot Stocks07:15 EDT Aslan Pharmaceuticals to host hybrid R&D Day - ASLAN Pharmaceuticals announced that it will be hosting a R&D Day on Thursday, September 15, 2022, from 10:00am to 1:30pm ET at the St. Regis Hotel in New York, NY. The event will include presentations from management as well as Key Opinion Leaders in dermatology, Peter A. Lio, MD of Northwestern University Feinberg School of Medicine, and Shawn Kwatra, MD of Johns Hopkins University, who will discuss the emerging unmet needs, therapeutic landscape and molecular mechanisms underlying AD. ASLAN's leadership team including Carl Firth PhD, Stephen Doyle, Alex Kaoukhov MD, and other members of the senior R&D management team will discuss the pipeline portfolio led by eblasakimab, a potential novel, first-in-class monoclonal antibody that targets the IL-13 receptor alpha1 subunit being developed for the treatment of moderate-to-severe AD. The event will provide a comprehensive update on the eblasakimab development program, including: Translational data on eblasakimab's unique mechanism of action; Clinical data from the Phase 1b proof-of-concept study of eblasakimab; Overview of eblasakimab's development strategy and path to market; Update on the latest in AD research.
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CLBT | Hot Stocks07:14 EDT Cellebrite launches system to investigate analytics workflow - Cellebrite DI announced the launch of an automated and secure system that enables investigative analytics stakeholders to collect, review, and analyze data in an integrated workflow. By providing a secure and frictionless process, Cellebrite is breaking down silos and accelerating the analysis of evidence. The streamlined process gives enriched data to examiners, analysts, and prosecutors to execute their respective roles. With a more efficient workflow, Cellebrite is eliminating pain points by empowering agencies to provide data to the analysis team rapidly with secure storage and decoding, delivering a richer investigative data set. Cellebrite is improving scalability, accountability, and auditability compared to previous methods.
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BABYF | Hot Stocks07:12 EDT Else Nutrition launches on Amazon Canada - ELSE NUTRITION HOLDINGS announces that it has launched in Canada on Amazon.ca. Else launched on Amazon.com in the United States in September 2020, and in less than 2 years grew to an annual business of 4m CAD. In this short period, Else's offerings grew from a single SKU to three product lines with more than 15 SKUs. In its Q2 2022 financial results Else reported outstanding results on the Amazon platform - 84% QoQ sales increase and doubling its loyal subscriber community on the platform from 1,000 to almost 2,000. The Else Amazon.ca launch includes a full range of Canadian compliant products with bilingual compliant packaging, including a Toddler nutrition product, Kids shakes in Vanilla and Chocolate flavors, and to be soon followed by Supper Cereals for babies from 6 months and older in a few flavors.
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EMOTF | Hot Stocks07:12 EDT Emerita Resources reports assay results from drilling at Romanera deposit - Emerita Resources announced additional assay results from the ongoing delineation drilling of the Romanera deposit at its wholly-owned Iberian Belt West project. Joaquin Merino, P.Geo., President of Emerita, comments, "We continue to see significantly higher gold and silver values than were reported in the historical work. Areas that were not assayed for gold previously and were not included in the historical resource estimate are showing values of 2-7 g/t gold which potentially can add significantly to the resource even within the footprint of the historical drilling. The historical estimate was based on a simple lead+zinc cut off grade. In addition, we are observing that the Upper Lens of massive sulphide appears to be more extensive than the historical drilling indicated." La Romanera: Assays have been received for three additional drill holes at La Romanera. Two drill holes are from the central part of the deposit LR080, LR010 and hole LR011. Highlights include the following: Hole LR008: 19.4 meters grading 0.4% copper, 4.6% lead, 5.1% zinc, 2.3 g/t gold and 204.6 g/t silver from 282.6 meters depth. Hole LR010: 13.8 meters grading 0.4% copper, 1.0% lead, 1.9% zinc, 2.3 g/t gold and 39.4 g/t silver from 296.9 meters. The current results correspond to drillholes LR008, LR010 and LR011, which have intercepted the central zone and the western zone of the La Romanera deposit previously known from historical information. Drill holes LR008 and LR010 are located in the central part of the La Romanera deposit, and intercepted mineralization at approximately 300 and 250 meters below surface and 70 meters apart. These drill holes confirm the continuity of mineralization through the central part of the deposit and cover the area between drill holes LR004 and LR001. The Upper and Lower lenses were intercepted by both drill holes, confirming the continuity of the lenses and the enhanced precious metals grades relative to the historical assays.
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LGIH | Hot Stocks07:09 EDT LGI Homes announces opening of ShadowGlen - LGI Homes announced the opening of ShadowGlen, its newest Terrata Homes community in the Austin market. Located in the historic town of Manor, this amenity-rich community offers homebuyers a variety of new, upgraded homes with spacious layouts and designer finishes.
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MRNA | Hot Stocks07:08 EDT Moderna to supply 12M doses of Omicron-containing booster vaccines to Canada - Moderna announced that the Government of Canada has exercised its option to purchase an additional 4.5 million doses of an Omicron-containing bivalent vaccine booster candidate from the Company, in addition to moving forward the scheduled delivery of 1.5 million doses of the bivalent vaccine candidate from 2023 to 2022. Moderna and the Government of Canada have also agreed to convert six million doses of the Company's COVID-19 vaccine to an Omicron-containing bivalent vaccine. The agreement is subject to regulatory approval of the Omicron-containing bivalent vaccine booster candidate by Health Canada, with doses scheduled for delivery in 2022.
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BRKR | Hot Stocks07:08 EDT Bruker announces new scientific capabilities for cell biology research - At the ICMRBS 2022 Conference, Bruker announces a new 8 mm 15N TROSY Cryoprobe for enabling novel NMR functional structural biology investigations into larger globular proteins and protein complexes. The new technology also facilitates cell biology research into highly dynamic intrinsically disordered proteins or protein regions that often play key roles in signaling pathways via phosphorylation, e.g. in cancer. The new 8 mm 15N TROSY Cryoprobe provides twice the sensitivity of previous 5 mm detection, and 50% greater 13C sensitivity at 800 MHz. It allows researchers to obtain essential information in crowded IDP spectral regions for the unambiguous assignment of IDP backbone resonances. Bruker also announces the technology introduction of a novel 160 kHz Ultra-fast spinning Magic Angle Spinning NMR probe for advancements in solid-state membrane protein, prion, and aggregates research. Moreover, as announced at Euromar 2022, Bruker has received three orders for compact 1.0 GHz NMR systems from the RIKEN Center for Biosystems Dynamics Research in Yokohama, Japan, the Precision Medicine and Metabolism Lab at CIC bioGUNE, and the BioNMR Group at Universitat de Barcelona, both in Spain.
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CANF | Hot Stocks07:06 EDT Can-Fite BioPharma selected to present psoriasis Phase III data - Can-Fite BioPharma announced today that Dr. Kim Papp, MD, PhD, will present late-breaking news at the 31st European Academy of Dermatology and Venerology, EADV, Congress from an ongoing analysis of Can-Fite's recently completed Phase III COMFORT study in which Piclidenoson met its primary endpoint with statistically significant improvement over placebo in psoriasis patients. The presentation is titled "Treatment of plaque psoriasis with piclidenoson: Efficacy and safety results from a phase 3 clinical trial." The study is co-authored by numerous dermatology key opinion leaders, researchers, and investigators, in Europe, Israel, and Canada, including Dr. Papp who is leading the design of Can-Fite's pivotal Phase III psoriasis registration trial, which will be submitted to the U.S. Food and Drug Administration and the European Medicines Agency for market clearance of Piclidenoson in the treatment of moderate to severe psoriasis. "As we continue to analyze the data from our COMFORT study, we are gaining additional insight into Piclidenoson's efficacy and safety. Upon completing the latest sub-analysis, we look forward to Dr. Papp presenting new data at EADV," stated Can-Fite CEO Dr. Fishman. "As we work closely with Dr. Papp on finalizing the pivotal Phase III study protocol, we are grateful to the talented group of researchers who helped conduct COMFORT and analyze the data for this study."
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TNXP | Hot Stocks07:06 EDT Tonix initiates enrollment in Phase 2 PREVAIL study of TNX-102 SL - Yonix Pharmaceuticals Holding announced that the first participant was enrolled in the Phase 2 PREVAIL study of TNX-102 SL1 as a potential treatment for a subset of patients with Long COVID syndrome whose symptoms overlap with fibromyalgia. Long COVID is known officially as Post-Acute Sequelae of COVID-19.
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TVTX | Hot Stocks07:06 EDT CSL, Travere announce EMA accepted review of CMA application for sparsentan - CSL Vifor and Travere Therapeutics announced that the EMA has accepted for review the Conditional Marketing Authorization, CMA, application for sparsentan for the treatment of IgAN, a rare kidney disorder and a leading cause of end-stage kidney disease, ESKD. The EMA will review the application under the centralized marketing authorization procedure and a review decision on a potential approval is expected in the second half of 2023. "Following U.S. FDA's acceptance and granting of priority review of the NDA for sparsentan for IgA nephropathy in the U.S., we continue to make great progress towards our goal of enabling sparsentan to become a new treatment standard for rare kidney disorders, if approved," said Jula Inrig, M.D. chief medical officer of Travere Therapeutics. "The acceptance of the CMA application marks an important next step on our pathway to expanding access to sparsentan as the first non-immunosuppressive treatment option for IgA nephropathy in Europe, if approved. We look forward to continuing to collaborate with our partners at CSL Vifor and with the EMA throughout the review process." The EMA filing is supported by positive topline interim results from the ongoing pivotal phase-III PROTECT Study of sparsentan in IgAN, as well as supportive data from additional clinical studies. If approved, sparsentan would receive CMA in all member states of the European Union, as well as in Iceland, Liechtenstein and Norway.
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FENC | Hot Stocks07:05 EDT Fennec closes $5M investment from Petrichor - Fennec Pharmaceuticals completed the first closing of $5 million of senior secured promissory notes under our previously announced investment agreement with Petrichor Healthcare Capital Management. Under the terms of the investment agreement, an additional $20 million is to be funded upon the potential U.S. Food and Drug Administration approval of PEDMARK by September 30, 2022 and satisfaction of other closing conditions. Further, Fennec upon mutual agreement with Petrichor may draw up to $20 million of additional financing under the investment agreement. In connection with the first closing, the Company repaid in full its secured indebtedness with Bridge Bank.
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XRTX | Hot Stocks07:04 EDT XORTX announces topline results from Part 2 Pharmacokinetics Bridging Study - XORTX Therapeutics announces topline results from its Pharmacokinetics Bridging Study - XRX-OXY-101 - Part 2- showing a substantial increase in oral bioavailability of XORTX's proprietary oxypurinol formulation provided with food compared to the fasted state. In addition, accompanying the improved bioavailability findings in Part 2 was a clean safety and pharmacologic profile with no drug related adverse or serious adverse events related to oral administration of oxypurinol. Part 2 of this Study required successful recruitment, administration of a single oral dose of drug formulation in individuals who were fasted or fed a meal. Subsequently, blood sampling and bioanalytical evaluation were conducted in Part 2 of this Study to characterize the pharmacokinetics and bioavailability of a unique proprietary formulation of oxypurinol administered in advance of the Company's planned Phase 3 registration clinical trial in autosomal dominant polycystic kidney disease. XRX-OXY-101 Bridging Pharmacokinetic Study - XRX-OXY-101 is designed with four important objectives: 1) To determine which of XORTX's novel formulations results in the greatest circulating oxypurinol concentrations and oxypurinol exposure; 2) to determine the effect of food on the bioavailability of the selected formulation; 3) to determine the effect of a range of increasing doses on the bioavailability of the selected formulation; and 4) to determine the safety and pharmacokinetics of multiple doses of the selected formulation. Knowledge gained during the conduct of this clinical trial will provide guidance regarding the formulation selected and the oral dosing regimen necessary to reach and maintain the target circulating concentration of oxypurinol to be used in the planned Phase 3 registration trial, with initiation of patient dosing scheduled for the first half 2023. Part 2 of the XRX-OXY-101 Study achieved the following purposes: 1) Confirmed an increase of bioavailability of XORTX formulation when co-administered with food; 2) Supplemented additional key data to the XORTX pharmacokinetics data set characterizing oral bioavailability of the proprietary formulation; and 3) Built upon the pharmacokinetic and safety database of safety for oxypurinol and XORTX's proprietary formulation
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HON | Hot Stocks07:04 EDT Honeywell's Solstice yf UV available in NAPA Auto Parts stores in U.S. - Honeywell announced that its new Solstice yf UV - a low-global-warming-potential, or GWP, refrigerant incorporating ultraviolet, or UV, dye for leak detection support in automobile air conditioning systems - is now available at all participating NAPA Auto Parts stores across the United States. This is the first time Solstice yf refrigerant with UV dye will be available in the aftermarket. Honeywell's Solstice yf UV is manufactured in the United States and is commercially available today at participating NAPA Auto Parts stores in 8-ounce cans as well as in 10- and 25-pound cylinders.
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WEJO APO | Hot Stocks07:04 EDT Wejo announces amendment to Apollo forward purchase agreement - Wejo Group (WEJO) entered into an amendment to the Forward Purchase Agreement, FPA, it previously entered into with funds managed by affiliates of Apollo (APO) on November 21, 2021. The Amendment specifically impacts the "Early Partial Settlement" clause of the FPA to allow the Company to direct Apollo to sell all of the remaining Wejo Group Limited shares it holds under the FPA, which currently totals 5.6 million remaining shares. Under the original terms of the FPA, the Company was able to deliver a written notice to Apollo, directing it to sell no more than 25% of the original number of shares within 6-month periods subsequent to execution of the transaction, limited to 50% of total shares. The Amendment, among other things, adjusts the number of shares to include the full remaining allotment; the Company may now direct Apollo to sell all of the 5.6 million shares at or subsequent to the effective date of the Amendment. All such shares were already issued by the Company prior to its entry into the FPA and, as a result, the Amendment adds no incremental dilution to existing shareholders of the Company. The original FPA was disclosed in a Current Report on Form 8-K, which was filed on November 24, 2021. This announcement is in line with the Company's stated strategy of developing funding opportunities to maximize its capital runway position.
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TVTX CSLLY | Hot Stocks07:02 EDT Travere, CSL announce EMA acceptance of CMA application for sparsentan - Travere Therapeutics (TVTX) and CSL Vifor (CSLLY) announced that the EMA has accepted for review the Conditional Marketing Authorization application for sparsentan for the treatment of IgAN, a rare kidney disorder and leading cause of end-stage kidney disease. The EMA will review the application under the centralized marketing authorization procedure and a review decision on a potential approval is expected in the second half of 2023 The EMA filing is supported by positive topline interim results from the ongoing pivotal Phase 3 PROTECT Study of sparsentan in IgAN, as well as supportive data from additional clinical studies. The PROTECT Study met its pre-specified interim primary efficacy endpoint with statistical significance. After 36 weeks of treatment, patients receiving sparsentan achieved a mean reduction in proteinuria from baseline of 49.8 percent, compared to a mean reduction in proteinuria from baseline of 15.1 percent for irbesartan-treated patients. Preliminary results at the time of the interim assessment suggested that sparsentan had been generally well-tolerated to date in the study and consistent with its overall observed safety profile. If approved, sparsentan would receive CMA in all member states of the European Union, as well as in Iceland, Liechtenstein and Norway. Sparsentan is currently also being evaluated in the pivotal Phase 3 DUPLEX Study for the treatment of focal segmental glomerulosclerosis, another rare progressive kidney disorder and leading cause of end-stage kidney disease. Sparsentan has been granted Orphan Drug Designation for the treatment of IgAN and FSGS in Europe and in the U.S.
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LAW | Hot Stocks07:02 EDT CS Disco selected by LexFusion as ediscovery partner - LexFusion announced its selection of DISCO as its ediscovery partner. The partnership will help accelerate digital transformation for corporations and law firms as the industry continues to embrace next-generation technology to reduce risk, enhance compliance, control costs, and ultimately, deliver better outcomes. Andrew Shimek, DISCO Chief Revenue Officer, said: "LexFusion has their finger firmly on the pulse of the legal industry - they understand the business need to embrace the cloud and automation, as well as the challenges that can come when undertaking transformational change. We are honored to partner with LexFusion and, together, help guide legal professionals on their journey to incorporate technology to drive better outcomes."
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BHC | Hot Stocks07:02 EDT Bausch Health transfers Bausch + Lomb shares to its subsidiary - Bausch Health Companies has transferred common shares in an amount equal to approximately 38.6% of the issued and outstanding shares of Bausch + Lomb to an existing wholly-owned unrestricted subsidiary of the Company. Common shares in an amount equal to approximately 50.1% of Bausch + Lomb continue to be held by a wholly-owned restricted subsidiary of the Company, and Bausch + Lomb itself remains a restricted subsidiary of the Company. The Company, through its subsidiaries, continues to hold the same number of shares of Bausch + Lomb as it did prior to the Internal Transfer, which in the aggregate comprises approximately 88.7% of the issued and outstanding shares of Bausch + Lomb. The Internal Transfer is consistent with the Company's commitment to the separation of Bausch + Lomb and provides the Company with strategic flexibility while it evaluates all relevant factors and considerations relating to the separation of Bausch + Lomb. The separation of Bausch + Lomb is contingent on the expiry of customary lockups related to the initial public offering of Bausch + Lomb, the achievement of targeted debt leverage ratios and the receipt of applicable shareholder and other necessary approvals.
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MCD... | Hot Stocks07:01 EDT McDonald's announces key changes to board of directors - McDonald's (MCD) announced the retirement of Sheila Penrose from the McDonald's Board of Directors. The company also announced the election of Tony Capuano, Marriott International (MAR); Jennifer Taubert, Johnson & Johnson (JNJ); and Amy Weaver, Salesforce (CRM), to the Board. Sheila's retirement will be effective September 30 and the election of Tony, Jennifer and Amy takes effect October 1.
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PHVS | Hot Stocks06:58 EDT Pharvaris drops 18% to $14.99 after FDA clinical hold of PHA121 trials in U.S.
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MTZ | Hot Stocks06:57 EDT MasTec announces amendment of exchange offer, consent solicitations - MasTec announced its amendment of the terms of its private exchange offer to certain Eligible Holders for any and all outstanding 6.625% Senior Notes due August 15, 2029 issued by IEA Energy Services, a subsidiary of Infrastructure and Energy Alternatives, for up to an aggregate principal amount of $300,000,000 of new 6.625% MasTec Senior Notes due August 15, 2029 issued by the Company. As described in more detail below, the Company has amended the Exchange Offer to extend the deadline for the delivery of consents in the Consent Solicitation, extend the Early Tender Date and modify the Consent Payment and the Total Consideration. In addition, notwithstanding the extension of the deadline for delivery of consents in the Consent Solicitation, consents delivered at or prior to 5:00 p.m., New York City time, on August 19, 2022 may not be revoked, and any consent delivered after such time may not be revoked. Except as otherwise described in this press release, the terms and conditions of the Exchange Offer set forth in the Offering Memorandum remain unchanged. The Exchange Offer and Consent Solicitation are being conducted in connection with, and are conditioned upon the completion of, the previously announced merger in which IEA would become a wholly owned subsidiary of the Company, which is currently expected to close in the fourth quarter of 2022, subject to customary closing conditions, regulatory approvals and approval by the stockholders of IEA.
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PHVS | Hot Stocks06:51 EDT Pharvaris announces FDA clinical hold on PHA121 clinical trials in U.S. - Pharvaris announced that the U.S. FDA verbally informed Pharvaris that, based on its review of nonclinical data, the agency is placing a clinical hold on the clinical trials of PHA121 in the U.S. under two Pharvaris Investigational New Drug applications for the treatment of HAE. The FDA indicated it will provide a formal clinical hold letter to Pharvaris in approximately 30 days. The company plans to provide additional updates following interactions with the FDA. "We are fully committed to working closely with the FDA to address the agency's concerns," said Berndt Modig, CEO of Pharvaris. "Pharvaris remains dedicated to providing new therapeutic choices for the treatment of HAE and is working diligently to bring PHA121 to people living with HAE."
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TIXT | Hot Stocks06:48 EDT Telus International appoints Beth Howen as Chief Transformation Officer - TELUS International announced the appointment of Beth Howen as the company's new Chief Transformation Officer, or CTO, effective today. In this newly-created executive role, Beth will lead the ongoing development and delivery of integrated transformation, digital, CX and analytics solutions for TELUS International's more than 600 clients, including tech hyperscalers and digital disruptors, across high growth industry verticals, such as tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and travel and hospitality. With more than 25 years of experience in the technology and digital IT sector, Beth has held numerous senior leadership roles in large and complex U.S. government agencies, non-profit and private sector organizations. Prior to joining TELUS International, Beth served as the Global Head of Digital Transformation at Atos, an information technology service and consulting company specializing in high-tech transactional services, unified communications, cloud, big data and cybersecurity services.
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BWXT LHX | Hot Stocks06:47 EDT BWX Technologies names Robert Duffy as chief administrative officer - BWX Technologies (BWXT) has appointed Robert Duffy as senior vice president and chief administrative officer. In this role, he will have full responsibility for human resources and a number of other business support functions. Duffy most recently served as senior vice president and chief human resources & administration officer for L3Harris Technologies (LHX).
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SGFY... | Hot Stocks06:42 EDT Signify Health jumps 40% to $29.69 following WSJ report of acquisition interest - Shares of Signify Health (SGFY) are up 40% in early pre-market trading following a report by The Wall Street Journal this weekend that Amazon (AMZN) has joined a list of previously disclosed potential bidders for the company. CVS Health (CVS) and UnitedHeath (UNH) are also interested in Signify which is up for sale in an auction, with bids said to be due around Labor Day, The Wall Street Journal report has indicated.
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TFX | Hot Stocks06:34 EDT Teleflex to acquire Standard Bariatrics for upfront cash payment of $170M - Teleflex announced it has entered into a definitive agreement to acquire Standard Bariatrics, which has commercialized an innovative powered stapling technology for bariatric surgery. Under the terms of the agreement, Teleflex will acquire Standard Bariatrics for an upfront cash payment of $170M at closing, with additional consideration of up to $130M payable upon the achievement of certain commercial milestones. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed early in the fourth quarter. The Titan SGS was commercially launched in the third quarter of 2021. Standard Bariatrics' revenues for 2022 are expected to be approximately $15M. For fiscal year 2022, the transaction is not expected to contribute meaningfully to Teleflex revenue and is expected to be approximately 10c dilutive to adjusted earnings per share. For fiscal year 2023, the transaction is expected to contribute between $30M-$35M of revenue and be approximately 10c-15c dilutive to adjusted earnings per share. The transaction is expected to be accretive to revenue growth and adjusted EPS thereafter. The company will provide an update to its 2022 financial outlook on its third quarter earnings conference call.
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VERV | Hot Stocks06:32 EDT Verve Therapeutics announces new preclinical data from VERVE-201 - Verve Therapeutics announced new preclinical data supporting the nomination of the company's second product candidate, VERVE-201. VERVE-201 is designed to permanently turn off the ANGPTL3 gene in the liver, a key regulator of cholesterol and triglyceride metabolism, with a precise A-to-G base pair DNA change. Verve is initially developing VERVE-201 for the treatment of homozygous familial hypercholesterolemia, or HoFH, a rare genetic subtype of atherosclerotic cardiovascular disease, or ASCVD, characterized by extremely high blood low-density lipoprotein cholesterol, or LDL-C, as well as for patients with ASCVD who have not achieved goal LDL-C with oral therapy and a PCSK9 inhibitor. The preclinical data will be highlighted on August 29, 2022 in a poster session during the European Society of Cardiology 2022 Congress in Barcelona. Prior to nominating VERVE-201, Verve used a rigorous process to optimize preclinical safety and efficacy. Verve screened more than 200 engineered and chemically modified adenine base editor and guide RNA configurations targeting ANGPTL3 to assess their potency and on-target/off-target profiles.
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TFX | Hot Stocks06:31 EDT Teleflex to acquire Standard Bariatrics for upfront cash payment of $170M - Teleflex announced it has entered into a definitive agreement to acquire Standard Bariatrics, which has commercialized an innovative powered stapling technology for bariatric surgery. Under the terms of the agreement, Teleflex will acquire Standard Bariatrics for an upfront cash payment of $170M at closing, with additional consideration of up to $130M payable upon the achievement of certain commercial milestones. The acquisition is subject to customary closing conditions, including receipt of certain regulatory approvals, and is expected to be completed early in the fourth quarter.
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MRRDF | Hot Stocks06:24 EDT Meridian Mining delivers Cabacal database for Q3 maiden resource estimation - Meridian Mining announces that it has delivered the Cabacal database to the resource specialist group H&S Consultants, in preparation for the maiden resource estimate on the Cabacal copper-gold VMS Deposit, expected at the end of the 3rd Quarter, 2022. When released, the Company intends to use this inaugural resource statement to advance both ongoing and forecast engineering, mining, and financial studies. Currently, there are several zones of open copper-gold and gold only mineralization along the Cabacal deposit's strike length, and a second resource update is forecasted for early 2023 to incorporate results from these extensions. Ongoing and future diamond drill hole programs are also planned to test near-mine targets like the C4-A gold-silver discovery and to confirm and expand the Santa Helena deposit. Meridian delivers Cabacal database to H&SC for maiden resource estimation; Data from 869 DDH's, 23 trenches and including 58,428 assays have been delivered for use in geological modelling and resource estimation; Cabacal maiden resource statement to use results from the 2022 metallurgical program; Drilling continues on Cabacal's open zones of copper-gold and gold only mineralization; Future results to be used in Cabacal resource upgrade in 2023; Cabacal Mine Corridor resource delineation and exploration drilling to be expanded; C4-A gold-silver drill program to be expanded; The Santa Helena zinc & copper-gold-silver resource confirmation program to be launched; and Meridian to continue reporting drilling and exploration results through into 2023. Adrian McArthur, CEO and President comments: "The delivery of Cabacal's database to H&SC, represents a significant milestone in the Company's activities since drilling first began in March 2021. Over the last eighteen months Meridian has reported results confirming and expanding the exciting opportunity that the Cabacal deposit first presented, and today remains highly focused on its future development. Following the publication of the maiden resource, Meridian intends to advance towards the studies required to quantify the open-pit and economic potential of the Cabacal deposit, while continuing to deliver new drill results from Cabacal, the C4-A gold-silver discovery and from the confirmation and expansion drilling of the Santa Helena zinc & copper-gold-silver mine in the weeks and months to come. Meridian sees strong long-term copper and gold fundamentals and believes that it is well positioned to benefit as it works to become the next mid-tier copper-gold focused company. I would like to congratulate the Meridian team on the successful and safe execution of the first drilling campaign, and look forward to further positive results from Cabacal and the broader belt."
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WEN | Hot Stocks06:17 EDT CDC says Wendy's in several states linked to E. Coli outbreak - The C.D.C. provided an updated investigation notice on an E. Coli outbreak. A specific food has not yet been confirmed as the source of this outbreak, but many sick people reported eating sandwiches with romaine lettuce at Wendy's restaurants in Michigan, Ohio and Pennsylvania before getting sick. Based on this information, Wendy's is taking the precautionary measure of removing the romaine lettuce being used in sandwiches from restaurants in that region. Wendy's uses a different type of romaine lettuce for salads. Investigators are working to confirm whether romaine lettuce is the source of this outbreak, and whether romaine lettuce used in Wendy's sandwiches was served or sold at other businesses. Wendy's is fully cooperating with the investigation.
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WTM | Hot Stocks06:08 EDT White Mountains to commence self-tender offer to purchase up to $500M in shares - White Mountains Insurance Group announced that it has commenced a "modified Dutch auction" self-tender offer to purchase up to $500M in value of its common shares, at a purchase price not greater than $1,400 nor less than $1,250 per share, in cash, less any applicable withholding taxes and without interest. The tender offer commenced today, on August 22, 2022, and will expire at 12:00 midnight, New York City time, at the end of the day on September 20, 2022, unless extended. White Mountains's common shares closed on the New York Stock Exchange at $1,305.13 per share on August 19, 2022.A "modified Dutch auction" self-tender offer allows shareholders to indicate how many shares and at what price within the Company's specified range they wish to tender their shares. Based on the number of shares tendered and the prices specified by the tendering shareholders, the Company will determine the lowest purchase price per share within the range that will enable it to purchase $500 million in value of shares, or if a lesser value of shares is properly tendered, all shares that have been properly tendered and not properly withdrawn. In the event that shares representing more than $500 million in value are properly tendered in the tender offer, the Company reserves the right to increase the number of shares sought in the tender offer by an amount not exceeding 2% of outstanding shares without extending the expiration time for the tender offer. All shares purchased by the Company in the tender offer will be purchased at the same price regardless of whether the shareholder tendered at a lower price. The Company will not purchase shares below a price stipulated by a shareholder, and in some cases, may actually purchase shares at a price above a shareholder's indication under the terms of the tender offer. If the tender offer is fully subscribed, at the maximum purchase price of $1,400 per share, the Company could purchase 357,142 shares, which would represent approximately 12.3% of shares outstanding and at the minimum purchase price of $1,250 per share, the Company could purchase 400,000 shares, which would represent approximately 13.8% of the shares outstanding.
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BEDU | Hot Stocks06:07 EDT Bright Scholar announces results of 2022 Annual General Meeting - Bright Scholar Education announced that it held its 2022 annual general meeting of shareholders on August 22, 2022. At the meeting, the shareholders resolved by ordinary resolution to ratify the appointment of Deloitte Touche Tohmatsu Certified Public Accountants LLP as the independent registered public accounting firm of the Company for the fiscal year ending August 31, 2022.
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PODD | Hot Stocks06:06 EDT Insulet announces FDA clearance of Omnipod 5 for ages two and older with T1D - Insulet announced it has received clearance from the U.S. FDA for its Omnipod 5 Automated Insulin Delivery System for individuals aged two years and older with type 1 diabetes. Omnipod 5, the first tubeless automated insulin delivery system in the U.S., was originally cleared for use in individuals aged six and older in January 2022.
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RLFTF NRXP | Hot Stocks06:06 EDT Relief, NRx Pharmaceuticals announce tentative settlement of pending litigation - RELIEF THERAPEUTICS (RLFTF) and NRx Pharmaceuticals (NRXP) announced that they have agreed to a tentative settlement of their pending litigation. The parties have agreed to work collaboratively to finalize the settlement within the next 30 days. Further, the parties have agreed to stay the litigation for an additional 60 days to allow for the negotiation and execution of the definitive settlement agreement and related terms. Terms of the settlement will be reported following execution of the definitive settlement documents, but any settlement may result in a re-allocation of the development rights and licensing arrangements for aviptadil. There can be no assurance that the parties will successfully complete the proposed settlement.
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FREY | Hot Stocks06:05 EDT Freyr Battery establishes technology center in Boston - Freyr Battery has opened its first U.S.-based technology center in Boston in accordance with the company's expansion strategy. Listed on the New York Stock Exchange, FREYR is collaborating with its joint venture partners from Koch Strategic Platforms to accelerate the development of Giga America, the company's first U.S. Gigafactory. In addition to the JV with KSP, which is intended to position the partners among the largest battery manufacturers in the U.S., Freyr has already established a long-term partnership with 24M Technologies, also based in the Boston area. Freyrs' battery manufacturing process will be initially based on 24M's SemiSolid platform, which is designed to drive capital and operational efficiencies relative to conventional production methodologies.
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GTH | Hot Stocks06:03 EDT Genetron confirms preliminary non-binding acquisition proposal from CEO - Genetron announced that its Board of Directors has received a preliminary non-binding proposal letter, dated August 21, from Mr. Sizhen Wang, co-founder, chairman of the Board and CEO of the company to acquire all of the outstanding ordinary shares, par value $0.00002 per share of the company, including the Ordinary Shares represented by the American depositary shares of the company for 27.2c per Ordinary Share or $1.36 per ADS in cash. According to the Proposal Letter, the Proposing Buyer intends to fund the consideration payable in the Proposed Transaction with a combination of debt and equity capital. Equity financing is expected to be provided in the form of rollover equity in the Company and cash contributions from the Proposing Buyer and third party sponsors. The Board has formed a special committee consisting of two independent directors, Wing Kee Lau and Dian Kang, to evaluate and consider the Proposed Transaction as well as other potential strategic alternatives that the company may pursue. The Special Committee intends to retain advisors, including an independent financial advisor and independent legal counsel, to assist it in its evaluation. The Board cautions the company's shareholders and others considering trading the company's securities that the Board has just received the Proposal Letter and has not had an opportunity to carefully review or evaluate the proposal, or make any decision with respect to the company's response to the Proposed Transaction or any alternative strategic option that the company may pursue. There can be no assurance that any definitive offer will be received, that any definitive agreement will be executed relating to the Proposed Transaction or that this or any other transaction will be approved or consummated. The company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.
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CS | Hot Stocks06:00 EDT Credit Suisse names Dixit Joshi as CFO, Francesca McDonagh as COO - Credit Suisse Group announced the appointments of Dixit Joshi as CFO and Francesca McDonagh as Group COO. They will both join the Executive Board. Michael J. Rongetti is named as ad interim CEO of the Asset Management division. All three will report directly to Group CEO Ulrich Korner. Francesco De Ferrari, CEO of the Wealth Management division, is appointed CEO of the Europe, Middle East and Africa region after serving in this role on an ad interim basis since January 2022. Joshi rejoins Credit Suisse, taking up the role of CFO on October 1, 2022. He will replace David Mathers who decided to step down after more than 11 years in his role as previously communicated. McDonagh, who was previously announced as CEO of the EMEA region, is appointed Group COO, starting on September 19, 2022. Axel P. Lehmann, Chairman of the Board of Directors, said: "I am delighted to welcome Dixit, Francesca, Michael and Michael to their new roles. Dixit and Francesca are joining Credit Suisse with impressive track records, adding a wealth of experience at this important juncture. All four are expected to drive our strategic and operational transformation into the future, with the clear objective to position Credit Suisse for a successful future and realize its full potential."
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MREO | Hot Stocks05:59 EDT Mereo BioPharma sends letter to Rubric Capital Management - Mereo BioPharma sent a letter to Rubric Capital Management responding to a letter from Rubric dated August 19, in which Rubric purported to call for a General Meeting of Shareholders of Mereo and proposed to remove four of Mereo's directors and replace them with four directors nominated by Rubric. In Mereo's letter sent to Rubric, the company notified Rubric of certain deficiencies in its notice. Mereo appreciates the input of all shareholders and is prepared to engage with Rubric to help correct these deficiencies. Mereo's shareholders do not need to take any action at this time.
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OBSV | Hot Stocks05:57 EDT ObsEva receives Nasdaq notice of non-compliance - ObsEva announced that on August 19, it received a notification letter from The Nasdaq Stock Market advising the company that it was not in compliance with Listing Rule 5450(b)(1)(A) requiring companies listed on the Nasdaq Global Select Market to maintain a minimum of $10,000,000 in stockholders' equity for continued listing. The notification letter from Nasdaq was based on the company's Form 6-K dated August 17, disclosing financial information for the period ended June 30, which reported shareholders' equity of ($2,103,000). Under Nasdaq rules the company would normally have 45 calendar days to submit a plan to regain compliance. However, Nasdaq has determined to shorten the response time for the company to submit its plan pursuant to its discretionary authority set forth in Listing Rule 5101. The company has until August 29 to submit a plan to regain compliance, and the company intends to submit a plan by such date. If the plan is accepted, which there can be no assurance, the company may be granted an extension of up to 180 calendar days from August 19 to regain compliance with this particular rule. If Nasdaq determines that the company's plan is not sufficient to achieve and sustain compliance, it may provide written notice to the company that its securities will be subject to delisting. At that time, the company may appeal the delisting determination to a Nasdaq Hearings Panel. The notification letter has no immediate effect on the listing of the company's common stock, and its common stock will continue to trade on the Nasdaq Global Select Market under the symbol "OBSV" at this time.
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AMCR | Hot Stocks05:55 EDT Amcor acquires flexible packaging plant in the Czech Republic - Amcor announced that it has closed the acquisition of a world-class flexible packaging plant located in the Czech Republic. The strategic location of the site immediately increases Amcor's ability to satisfy strong demand and customer growth across its flexible packaging network in Europe. The plant is a greenfield development commissioned by DG Pack in 2019 and features state-of-the-art specialized equipment for attractive segments including coffee and pet food. The land and buildings acquired also provide the option to significantly scale up operations and establish a highly efficient production hub.
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JKS | Hot Stocks05:54 EDT JinkoSolar's Sichuan manufacturing facilities subjected to power rationing - JinkoSolar announced that since August 15, the local government of Sichuan province, where certain of JinkoSolar's manufacturing facilities are located, has imposed province-wide power rationing measures to ease the power shortage in the region. As a result of these measures, the production capacity of JinkoSolar' s manufacturing facilities in Sichuan province has been temporarily affected. JinkoSolar is actively monitoring the situation and has implemented various measures to minimize the adverse impact from the power rationing on its business operations and financial performance, including but not limited to having its other manufacturing facilities assume more production, and actively communicating with the local government about power supply related matters. However, as it remains uncertain how long the power rationing measures will persist and when JinkoSolar's Sichuan manufacturing facilities can resume full production, JinkoSolar is currently unable to evaluate the extent to which its business operation and financial performance for full year 2022 will be affected.
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RHHBY | Hot Stocks05:53 EDT Roche develops COVID-19 test for emerging variant of interest BA.2.75 - Roche and its subsidiary TIB Molbiol have developed a COVID-19 test for researchers that detects and differentiates the latest subvariant of interest BA.2.75. The test specifically targets two of the known unique mutations in BA.2.75, which allows clear differentiation against other notable subvariants. The available research use only test, VirSNiP SARS-CoV-2 Spike 147E 152R, adds to the broad suite of COVID-19 test kits developed by Roche and TIB Molbiol, for instance for the detection of the recent BA.4 and BA.5 subvariants, as well as other mutations present in the Omicron SARS-CoV-2 variant.
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GILD | Hot Stocks05:51 EDT Gilead announces EC grants marketing authorization for Sunlenca - Gilead Sciences announced that the European Commission has granted Marketing Authorization for Sunlenca injection and tablets for the treatment of HIV infection, in combination with other antiretroviral(s), in adults with multi-drug resistant HIV infection for whom it is otherwise not possible to construct a suppressive anti-viral regimen. Lenacapavir is a first-in-class capsid inhibitor with a multi-stage mechanism of action and has no known cross resistance to other existing drug classes, offering a new, every six-month treatment option for people with HIV whose virus no longer effectively responds to their current therapy.
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CNNWF | Hot Stocks05:22 EDT Cineworld says Chapter 11 filing in U.S. among strategic options - In response to media speculation, Cineworld provided an update to its announcement on August 17 regarding an "evaluation of strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction." Cineworld and Regal theaters globally are open for business as usual, the company said. The strategic options through which Cineworld may achieve its restructuring objectives include a possible voluntary Chapter 11 filing in the United States and associated ancillary proceedings in other jurisdictions as part of an orderly implementation process, the company added. Cineworld said it is in discussions with many of its major stakeholders including its secured lenders and their legal and financial advisers. "Any such filing would be expected to allow the Group to access near-term liquidity and support the orderly implementation of a fully funded deleveraging transaction," Cineworld noted. Reference Link
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