Stockwinners Market Radar for October 17, 2022 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
CDNS | Hot Stocks21:02 EDT Cadence Design expands collaboration with Samsung Foundry on 3D-IC design - Cadence Design Systems "announced that it has expanded its collaboration with Samsung Foundry to accelerate 3D-IC design. Using the Cadence platform, customers creating complex, next-generation hyperscale computing, mobile, automotive and AI applications can greatly optimize power, performance and area for each die. The PPA of a design can be impacted when chips are stacked in a 3D-IC configuration versus a 2D configuration due to the presence of large 3D structures like TSVs, which connect the stacked chips. In addition to blocking standard cell placement area, these structures block routing resources as well. The Cadence Integrity 3D-IC platform alleviates these traditional challenges, letting users create multiple TSV insertion scenarios and devise an optimal 3D structure placement on a die with reduced wirelength penalties while boosting PPA and productivity. The platform also lets users perform 3D-IC design planning, implementation and signoff from a single cockpit, making the design process faster and easier."
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JWN | Hot Stocks20:05 EDT Nordstrom CFO Anne Bramman to step down - Nordstrom "announced that CFO Anne Bramman has informed the company of her intention to step down from her role. She will remain with the company through the reporting of Nordstrom's third quarter 2022 financial results to facilitate a smooth transition. Her last day with the company will be December 2, 2022. Michael Maher, Nordstrom's senior vice president and chief accounting officer, will assume the role of interim CFO upon Bramman's departure. Nordstrom has commenced an internal and external search process to identify a permanent CFO."
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GOGO | Hot Stocks20:04 EDT Gogo completes construction of nationwide 5G network - The company states: "Gogo Business Aviation has finished construction of its nationwide Gogo 5G network. The 5G network now covers the contiguous United States and will expand into Canada beginning in 2023."
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CI | Hot Stocks19:16 EDT U.S. files civil healthcare fraud lawsuit against Cigna for inflating payments - U.S. Attorney's Office for Southern District of New York announces: "Damian Williams, the United States Attorney for the Southern District of New York, announced that the United States has filed a civil healthcare fraud lawsuit against CIGNA and its subsidiary Medicare Advantage Organizations. The lawsuit seeks damages and penalties under the False Claims Act for CIGNA's submissions to the Government of false and invalid patient diagnosis codes to artificially inflate the payments CIGNA received for providing insurance coverage to its Medicare Advantage plan members. The Government is intervening in a lawsuit filed by a whistleblower, which was originally filed in the United States District Court for the Southern District of New York and later transferred to the Middle District of Tennessee. The Government's complaint alleges that the reported diagnoses codes were based solely on forms completed by vendors retained and paid by CIGNA to conduct in-home assessments of plan members. The healthcare providers who conducted these home visits did not perform or order the testing or imaging that would have been necessary to reliably diagnose the serious, complex conditions reported and were prohibited by CIGNA from providing any treatment during the home visit for the medical conditions they purportedly found. The diagnoses at issue were not supported by the information documented on the form completed by the vendor and were not reported to CIGNA by any other healthcare provider who saw the patient during the year in which the home visit occurred. Nevertheless, CIGNA submitted these diagnoses to the Government to claim increased payments and falsely certified on an annual basis that its diagnosis data submissions were 'accurate, complete, and truthful.'" Reference Link
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TRQ | Hot Stocks18:48 EDT Turquoise Hill reports Q3 copper production of 36.3K tons, down 13% y/y - The company reports: "Q3 Copper production of 36.3 thousand tonnes of copper in concentrate, a decrease of 13% y/y and an increase of 19% q/q. Q3 Gold production of 42.7 thousand ounces of gold in concentrate, a decrease of 67% y/y and a decrease of 10% q/q. Copper production guidance for 2022 remains within the range of 110,000 to 150,000 tonnes. Gold production guidance for 2022 has been revised from a range of 150,000 - 170,000 ounces to 165,000 - 185,000 ounces."
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NVDA | Hot Stocks18:44 EDT Nvidia director sells $10.5M in common stock - In a regulatory filing, Nvidia disclosed that its director Mark Stevens sold 87.5K shares of common stock on October 17th in a total transaction size of $10.5M.
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MARA | Hot Stocks18:10 EDT Marathon Digital enters into settlement agreement with former CEO - The company states: "In connection with a dispute concerning the settlement of certain restricted stock unit awards previously granted to Merrick D. Okamoto, former CEO and Chairman of Marathon Digital Holdings, Inc., on October 12, 2022, the Company entered into a settlement agreement with Mr. Okamoto, pursuant to which the Company agreed to pay Mr. Okamoto $24 million. Mr. Okamoto agreed to a settlement and a broad release of known or unknown claims against the Company, which relate to the Company's Amended 2018 Equity Incentive Plan or related restricted stock unit award agreements. The Company entered into related settlement agreements in respect to certain restricted stock unit awards previously granted to five other individuals, including a director and our current Chief Executive Officer and Chairman, which total approximately $1 million in the aggregate."
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RIO | Hot Stocks18:02 EDT Rio Tinto modernises joint venture to develop Rhodes Ridge iron ore project - Rio Tinto and Wright Prospecting Pty Ltd have agreed to modernise the joint venture covering the Rhodes Ridge project in the East Pilbara in Western Australia, home to one of the world's largest and highest quality undeveloped iron ore deposits. The binding joint venture updates an existing agreement between the two parties dating back to 1972 and now provides a pathway for the development of the Rhodes Ridge deposits utilizing Rio Tinto's rail, port and power infrastructure. The participants have commenced an Order of Magnitude study, conducted by Rio Tinto, which will consider the development of an operation before the end of the decade with initial plant capacity of up to 40M tonnes annually, subject to the receipt of relevant approvals. The joint venture will utilize Rio Tinto's existing rail, port and power infrastructure, including the planned installment of 1 gigawatt of renewable power assets in the Pilbara.
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FRW | Hot Stocks17:38 EDT PWP files preliminay proxy statement to approve early liquidation - PWP Forward Acquisition Corp. I announced that it has filed a preliminary proxy statement to seek stockholder approval to adopt an amendment to its Amended and Restated Certificate of Incorporation to allow the Company to redeem all of its outstanding public shares and liquidate before December 31, 2022, in advance of the automatic termination date in its current Charter of March 12, 2023. Since PFAC's listing on NASDAQ on March 10, 2021, the Company's leadership has conducted a thorough search for the right target and evaluated a number of companies with the goal to complete an initial business combination that met its investment criteria. As a result, PFAC's leadership has determined that it is prudent and in the best interests of the Company and its stockholders to liquidate the Company early. PFAC will seek a favorable vote from stockholders at a special meeting to be held later this year. As part of that process, the holders of public shares will have an opportunity to submit their shares for redemption, subject to the provisions of PFAC's Charter. The funds held in trust as of September 30, 2022 were $212,873,704 and the Company expects to return approximately $10.03 per public share to redeeming stockholders, including interest.
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BTG | Hot Stocks17:33 EDT B2Gold reports Q3 gold production 227,016 ounces - B2Gold announced its gold production and gold revenue for the third quarter of 2022. Total gold production in the third quarter was 227,016 ounces, including 12,113 ounces of attributable production from Calibre Mining Corp. Total gold production for 2022 still anticipated to be between 990,000 to 1,050,000 ounces.
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RIO | Hot Stocks17:27 EDT Rio Tinto sees Pilbara iron ore shipments at low end of prior view of 320-335MT - The company states: "Third quarter shipments of 82.9 million tonnes (Rio Tinto share 69.5 million tonnes) were 1% lower than the third quarter of 2021, and 4% higher than the prior quarter despite two unplanned rail outages on the Yandicoogina and Gudai-Darri lines. The investigation into the Gudai-Darri derailment is ongoing. Full year shipments are expected to be at the low end of the original 320 to 335 million tonne range. There were some encouraging performance trends in the third quarter in relation to mine material movements, build-up of run of mine ore stocks and continued ramp up of new projects. Deployment of the Rio Tinto Safe Production System continues to see positive results at West Angelas, Yandicoogina, Tom Price, and Brockman 4."
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RIO | Hot Stocks17:25 EDT Rio Tinto reports Q3 Pilbara iron ore production 84.3 Mt, up 1% y/y - Reports Q3 Bauxite production 13.7 Mt, down 2% y/y. Reports Q3 aluminum production 759kt, down 2% y/y. Reports Q3 mined copper production 138 kt, up 10% y/y. Rio Tinto CEO Jakob Stausholm, said: "Delivering the full potential of our assets remains a priority. Production improved versus the prior quarter across most of our sites, particularly where we have implemented the Rio Tinto Safe Production System (RTSPS). We progressed our excel in development objective, commissioning some major projects and advancing the next tranche of Pilbara mines, agreeing to enter a joint venture with Baowu to develop Western Range and modernising the joint venture covering the Rhodes Ridge project in the East Pilbara, unlocking a pathway to develop this significant, high quality resource. We also approved growth capital for underground mining at Kennecott, early works funding at Rincon Lithium and continue to progress Oyu Tolgoi. Our proposal to take Turquoise Hill Resources private has unanimous support of the Turquoise Hill Board who have recommended shareholders vote in favour of the transaction. We continue to deliver our strategy with decarbonisation at its centre. Last week we announced a partnership with the Government of Canada to invest up to C$737 million over eight years to decarbonise our Rio Tinto Feret Titane operations in Quebec, and to position the business as a centre of excellence for critical minerals processing."
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AR... | Hot Stocks17:19 EDT Antero Resources to replace Alleghany in S&P 400 at open on 10/20 - Berkshire Hathaway (BRK.A, BRK.B) is acquiring Alleghany (Y) in a deal expected to be completed soon, pending final closing conditions.
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SANB | Hot Stocks17:16 EDT Sanaby Health Acquisition I announces liquidation - Sanaby Health Acquisition Corp. I announced that due to its inability to consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, as amended the company intends to dissolve and liquidate in accordance with the provisions of its Amended Charter, effective as of the close of business on October 19, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering, at a per-share redemption price of approximately $10.22. As of the close of business on October 19, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount. In order to provide for the disbursement of funds from the trust account, the Company has instructed the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust Company, the company's transfer agent. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after October 19. The company's sponsor has agreed to waive its redemption rights with respect to its outstanding Class B common stock issued prior to the company's initial public offering. There will be no redemption rights or liquidating distributions with respect to the company's warrants, which will expire worthless.
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MITT | Hot Stocks17:08 EDT AG Mortgage sees Q3 book value per share between $10.97 and $11.07 - The company "estimates that Book Value per share as of September 30, 2022 was between $10.97 and $11.07, as compared to $11.48 per share as of June 30, 2022. In addition, Adjusted Book Value per share as of September 30, 2022 was estimated to be between $10.63 and $10.73, as compared to $11.15 per share as of June 30, 2022. The Company's liquidity position remains strong, with total liquidity as of September 30, 2022 estimated to be $79.7 million, consisting of $77.6 million of cash and $2.1 million of unencumbered Agency RMBS. The Company's Investment Portfolio as of September 30, 2022 was estimated to be $4.3 billion as compared to $4.1 billion as of June 30, 2022."
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BBWI | Hot Stocks17:04 EDT Bath & Body Works launches MOXY product line - Bath & Body Works announced the launch of a new product line, MOXY which is available online today and initially in 11 Bath & Body Works stores in Atlanta, Cleveland and Columbus beginning this fall. The line is designed to help customers reach their skin, hair and wellness goals from the inside-out, the company said. MOXY starts with a line of new face and hair care products that are made without phthalates and mineral oils and are not tested on animals. All face and hair care products are designed for multiple hair and skin types, and customers can choose from face masks, moisturizers, cleansers, hair masks, shampoos and conditioners. "Bath & Body Works customers repeatedly come to us for our ability to deliver a bright and happy experience. We want to support our customers inside and out, and MOXY skin and hair care and supplements are a natural extension of what we do best," says Bath & Body Works President Julie Rosen. "In the future, we look forward to adding more new and innovative products as we work to extend our brand's global potential."
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ACET | Hot Stocks16:49 EDT RA Capital Management reports 5.5% passive stake in Adicet Bio - RA Capital Management disclosed a 5.5% stake in Adicet Bio, which represents over 2.36M shares. The filing does not allow for activism.
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FUBO | Hot Stocks16:40 EDT FuboTV jumps 10% to $4.45 after guiding Q3 revenue above consensus
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FUBO | Hot Stocks16:39 EDT FuboTV CEO says pleased with progress to achieving positive cash flow by FY25 - CEO David Gandler says: "FuboTV's strong preliminary third quarter 2022 results reflect meaningful advancements against our continued mission to profitably scale a leading global live TV streaming platform differentiated by the greatest breadth of premium content and interactivity. We expect to deliver strong revenue and subscriber growth in Q3, exceeding our previously issued guidance in North America, against the backdrop of a highly competitive operating environment. We're pleased with this expected performance, and our progress toward achieving our positive cash flow target in 2025. Following our previously announced strategic review, we have concluded that continuing with Fubo Gaming and Fubo Sportsbook in this challenging macroeconomic environment would impact our ability to reach our longer term profitability goals. Therefore, we have made the difficult decision to exit the online sports wagering business effective immediately."
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NVCR | Hot Stocks16:38 EDT Novocure exec Leonard sells 6,754 ordinary shares - In a regulatory filing, NovoCure president of CNS Cancers US Frank Leonard disclosed the sale of 6,754 ordinary shares of the company on October 13 at a price of $76.01 per share.
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FUBO | Hot Stocks16:37 EDT FuboTV to cease operation of Fubo Sportsbook - The company states: "FuboTV's expected preliminary results demonstrate a continued progression towards the company's 2025 profitability targets. Given these goals, the company has now completed its previously announced strategic review of the Fubo Gaming business. While multiple parties expressed interest in the business, none of these opportunities would have allowed Fubo to lower its funding requirements and generate sufficient returns to shareholders. As a result, FuboTV will close its Fubo Gaming subsidiary and cease operation of its owned-and-operated Fubo Sportsbook effective immediately."
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FCN CI | Hot Stocks16:35 EDT FTI Consulting says board member Nicole Jones resigns - FTI Consulting (FCN) announced that on October 14 Nicole S. Jones tendered her resignation as a director and member of the Compensation Committee of the Board of Directors of FTI Consulting, effective immediately. Ms. Jones resigned due to obligations arising from her position as Executive Vice President and General Counsel of Cigna Corporation (CI), which resulted in scheduling conflicts and limited the time she was able to devote to her position as a director of FTI Consulting. Ms. Jones' resignation was not the result of any disagreement with FTI Consulting, including any disagreement relating to FTI Consulting's management, its Board or any Committee thereof, or any matter relating to FTI Consulting's operations, policies or practices. Ms. Jones served as a director of FTI Consulting since March.
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CAAP | Hot Stocks16:32 EDT Corporacion America Airport reports September traffic up 63.5% y/y - Corporacion America Airports reported a 63.5% YoY increase in passenger traffic in September 2022, reaching 85.4% of September 2019 levels. Total passenger traffic grew 63.5% compared to the same month of last year, driven by increases across all countries of operations, particularly in Argentina, supported by a continued recovery in travel demand following the gradual lifting of travel restrictions across all countries of operations. Overall passenger traffic recovered to 85.4% of September 2019 levels, from 83.2% in August, with international and domestic passenger traffic reaching 87.5% and 81.1% of September 2019 levels, respectively.
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KIND ORCL | Hot Stocks16:32 EDT Nextdoor enters into strategic collaboration with Oracle Advertising - Nextdoor (KIND) and Oracle Advertising (ORCL) announced a strategic collaboration that will offer greater transparency and controls to Nextdoor advertisers, helping ensure high-value, optimal ad experiences on the platform. Development is expected to begin in 2023. In addition to using Oracle Moat, Nextdoor strives to provide a trusted environment for all marketers and users on the platform. In February of 2022, the company released Nextdoor's annual Transparency Report, which highlighted the company's investment in neighborhood vitality, its community-oriented approach to moderation, and provided transparency around Nextdoor's user-first approach to engaging with government requests for user information and moderation.
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SLGC | Hot Stocks16:31 EDT SomaLogic appoints Cox as executive chairman of the board of directors - SomaLogic announced the appointment of current board member and biotech veteran Troy Cox as Executive Chair to the company's Board of Directors. The current Chair, Chuck Lillis, will remain on the board. Changes are effective as of today, October 17, 2022. Cox brings over thirty years of experience in the life sciences and biopharmaceuticals industry to his expanded position as Executive Chair of the Board.
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GILD | Hot Stocks16:31 EDT Kite says EC granted approval for use of Yescarta - Kite, a Gilead Company, announced that the European Commission has granted approval for the use of Yescarta for the treatment of adult patients with diffuse large B-cell lymphoma and high-grade B-cell lymphoma who relapse within 12 months from completion of, or are refractory to, first-line chemoimmunotherapy. The approval is based on results from the pivotal Phase 3 ZUMA-7 study, the largest and longest trial of a CAR T-cell therapy versus SOC in this patient population. Yescarta is now the first Chimeric Antigen Receptor T-cell therapy approved for patients in Europe who do not respond to first-line treatment. This provides an important additional treatment option for the most common form of non-Hodgkin lymphoma. Although 60% of newly diagnosed LBCL patients, including those with DLBCL, will respond to their initial treatment, 40% will relapse or will not respond and need second-line treatment. "We are very proud to announce Kite's fifth approved indication in Europe in our continued commitment to the research and delivery of cell therapies with curative potential to patients who might benefit around the world," said Christi Shaw, CEO, Kite. "Today's approval marks an important step by providing patients in Europe this option of CAR T-cell therapy earlier in their treatment journey."
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MFA | Hot Stocks16:19 EDT MFA Financial sees September GAAP book value per share $15.25-$15.40 - In light of recent market volatility, MFA Financial, announced preliminary estimates of certain financial measures as of September 30: MFA estimates that on a preliminary basis its GAAP book value at September 30 was between $15.25-$15.40 per common share, as compared to $16.42 per common share at June 30, while its Economic book value, a non-GAAP financial measure was $15.75-$15.90 per common share, as compared to $17.25 per common share at June 31. At September 30, MFA had approximately $435M of unrestricted cash and over $550Mof unencumbered mortgage loans and securities. Estimates that at September 30 approximately 99% of its approximately $7.3B of outstanding asset-based financing was effectively fixed-rate, which includes fixed-rate debt and variable-rate debt that has been economically hedged through interest rate swaps. This compares with approximately 38% at September 30, 2021. In addition, MFA estimates that at September 30, 2022, approximately 71%2 of its asset-based financing was non-mark-to-market. During the Q3 MFA added approximately $650M of new financing capacity for Rehabilitation Loans across multiple counterparties, of which, over $400M is on non-mark-to-market terms. MFA currently has approximately $1.4B of unused financing capacity across all loan product types. Total margin call activity in the Q3 resulted in a net return of cash to MFA from its financing and hedging counterparties.
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CWT | Hot Stocks16:17 EDT Hawaii Water Service receives HPUC approval to acquire KCSI wastewater assets - Hawaii Water Service, a subsidiary of California Water Service Group, has received approval by the Hawaii Public Utilities Commission, or HPUC, to acquire the wastewater system assets of Keauhou Community Services, Inc., or KCSI, and provide wastewater utility service to its customers. KCSI serves about 1,500 residential, hotel, and commercial customer-equivalent units in Keauhou on the Big Island, along with the Keauhou Bay Facility and Kahaluu Beach Park. KCSI also provides recycled water to Kona Country Club, Inc. for golf course irrigation. The purchase remains subject to customary closing conditions and is expected to close by the first quarter of 2023. Hawaii Water has been operating the Keauhou system since 2018 through an operation and maintenance contract. The utility will continue to invest in local wastewater system infrastructure to keep service reliable for customers and protect the environment.
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STC | Hot Stocks16:16 EDT Stewart announces retirement of Chief Legal Officer John Killea - Stewart Information Services announced the planned retirement of John Killea, Chief Legal Officer and Chief Compliance Officer, effective early next year. Killea joined Stewart in 2000, serving as Chief Legal Officer and Chief Compliance Officer since 2011. Elizabeth Giddens will succeed Killea as Chief Legal Officer and serve as the Deputy Chief Legal Officer to work alongside Killea during his transition. Giddens comes to Stewart with nearly 25 years of legal expertise, including five years at a top international law firm and 16 years at several public companies, most recently serving as Senior Vice President and General Counsel at Integer Holdings Corporation, where she led its legal department.
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TIPT | Hot Stocks16:15 EDT Tiptree Financial CFO Sandra Bell to retire - Tiptree announced that Sandra Bell will be retiring as Chief Financial Officer of Tiptree, effective March 31, 2023. Tiptree also announced that Scott McKinney will succeed Ms. Bell as Chief Financial Officer on the Transition Effective Date. The Company and Ms. Bell have mutually agreed on the terms under which she will stay on as CFO until the Transition Effective Date. Bell said "I came to Tiptree with the objective of building a strong financial platform to support our senior leadership team in their capital allocation and other strategic decisions. Now that we have accomplished that objective, I feel it is the right time for me to move on to the next phase of my career and focus on advisory roles and serving on boards of public companies. I am confident that I am leaving the finance organization in good hands under Scott's leadership."
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DSGN | Hot Stocks16:14 EDT Design Therapeutics to present preclinical data on DT-216 at ICAR 2022 - Design Therapeutics announced that preclinical data for the company's novel GeneTAC small molecule, DT-216, as a potential treatment for Friedreich ataxia will be presented during an oral session at the International Congress for Ataxia Research, ICAR, 2022. The data were included in the company's Investigational New Drug, IND, application for DT-216, which is currently being evaluated in a Phase 1 clinical trial. The preclinical data support the potential for DT-216 to restore FXN gene expression, improve mitochondrial function and address the root cause of FA. Key findings of the presentation include: DT-216 dose-dependently increased FXN in peripheral white blood cells from multiple FA donors and in multiple FA patient cell models; Administration of DT-216 increased FXN mRNA by approximately 10-fold in peripheral blood mononuclear cells collected directly from FA patients; Administration of DT-216 at ~ 10nM, the 90% maximal effective concentration for the molecule, for 14 days in FA patient-derived neurons restored FXN protein to levels comparable to non-FA neurons; DT-216 improved mitochondrial respiration in FA B-lymphoblastoid cells and patient-derived cardiomyocytes as measured using a Seahorse XFp Analyzer; Design is currently evaluating DT-216 in a Phase 1 clinical trial in adult patients with FA. The company plans to report initial data, including safety, tolerability, pharmacokinetics and FXN expression levels from the single-ascending dose portion of the trial in the fourth quarter of 2022.
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SPXC | Hot Stocks16:12 EDT SPX Corporation names Darnell Smith CIO - SPX Technologies announced two new senior leaders in areas essential to the company's growth strategy. SPX has named Darnell Smith as the company's new Chief Information Officer CIO , bringing over 30 years of Information Technology experience across a wide array of industries and organizations, and Michael Daly as VP, Global Head of Strategy and Business Development, bringing decades of global M&A leadership experience in diversified industrials.
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WNEB | Hot Stocks16:11 EDT Western New England Bancorp completes 2.4M stock repurchase plan - Western New England Bancorp announced that on October 13, the company completed its 2.4M stock repurchase plan at an average price per share of $8.40. The 2021 Plan was authorized on April 27, 2021. On July 26, the board of directors of the company authorized a new stock repurchase plan, pursuant to which the Company may repurchase up to 1.1M shares, or approximately 5%, of the company's outstanding shares, upon the completion of the 2021 plan.
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XPO | Hot Stocks16:10 EDT XPO Logistics provides long-term targets for RXO spin-off - The company said, "For the RXO spin-off of the North American brokered transportation platform, including its core truck brokerage business: 2027 adjusted EBITDA of $475 million to $525 million; annual capital expenditures of approximately 1% of revenue, 2023-2027; annual depreciation and amortization of approximately 1% of revenue, 2023-2027 and annual interest expense of approximately $37 million, 2023-2027."
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XAIR | Hot Stocks16:08 EDT Beyond Air announces data from at-home pilot study using LungFit GO - Beyond Air, through its affiliate Beyond Cancer, announced "positive" safety, tolerability, and efficacy data from the LungFit GO pilot at-home study of patients with severe, treatment refractory, nontuberculous mycobacteria, NTM, lung disease. "We are pleased to announce that data from the pilot study of the LungFit GO for NTM show favorable outcomes across safety, tolerability, and efficacy endpoints. In addition to further supporting development of intermittent high dose NO for the treatment of NTM, this study breaks new ground in the development of NO therapy by successfully showing the ability of our at-home generator-based system to be used safely and consistently by this patient population in a real-world setting," commented Steve Lisi, Chairman and Chief Executive Officer of Beyond Air. "These data give us confidence that we can move forward as FDA guidance for an NTM pivotal study is to have a patient reported outcome, such as quality of life, for the primary endpoint with supporting secondary endpoints such as a reduction in bacterial load." A total of 15 subjects were enrolled in the pilot study. Four separate strains of NTM were represented across subjects. All subjects were successfully titrated to 250 ppm NO in the hospital setting, and none required dose reductions during the subsequent at-home portion of the study. There were no occurrences of methemoglobinemia and no subjects discontinued NO therapy due to nitrogen dioxide concentrations. During the 10-week at-home treatment period of the study, a total of 2,492 inhalations were self-administered with overall high treatment compliance. Key efficacy endpoints showed strong results with improvement seen in the majority of quality-of-life domains. Respiratory function and physical function were maintained during treatment and follow-up. Trends in the reduction of microbial load were observed as shown in the chart below with statistical significance achieved at the 113/114 day timepoint. One subject achieved culture conversion with three consecutive negative sputum samples.
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LOCO | Hot Stocks16:07 EDT El Pollo Loco appoints Maria Hollandsworth COO - El Pollo Loco announced that Maria Hollandsworth has been appointed Chief Operating Officer of El Pollo Loco, effective October 31.
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SPLK | Hot Stocks16:07 EDT Splunk names Sharyl Givens chief people officer - Splunk announced Sharyl Givens has been appointed as the company's Chief People Officer, effective immediately. Givens will be responsible for driving Splunk's "continued success" in attracting, retaining and developing the best talent, the company said. "Driving an inclusive, collaborative, people-focused culture is an important part of what has made Splunk so successful," said Gary Steele, Chief Executive Officer of Splunk. "As we focus on building towards Splunk's next chapter and further strengthening our community, we're pleased to welcome Sharyl to the team. She shares our focus on creating and developing world-class teams with diverse backgrounds, and we look forward to benefiting from her expertise and leadership."
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FCPT | Hot Stocks16:07 EDT Four Corners Property Trust announces acquisition of NAPA auto parts property - Four Corners Property Trust is pleased to announce the acquisition of a NAPA Auto Parts property for $829,000. The property is located in Michigan and is corporate-operated under a net lease with approximately three years of term remaining. The transaction was priced at a 7.9% cap rate, exclusive of transaction costs.
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USPH | Hot Stocks16:06 EDT U.S. Physical Therapy announces impact to operations from Hurricane Ian - U.S. Physical Therapy "announced that the operations of 51 of the Company's 614 clinics were affected by Hurricane Ian. Due to the high winds, loss of electrical power, flooding and road closures attributed to the severe storm, U.S. Physical Therapy's business was interrupted in large parts of the states of Florida, Georgia, and South Carolina. The Company estimates that approximately 3,500 patient visits, representing approximately $300,000 in revenue and gross profit contribution, were lost from September 26 through September 30. An additional 1,100 patient visits, representing approximately $95,000 in revenue and gross profit contribution, were lost in the first week of October."
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EXC | Hot Stocks16:06 EDT Exelon names Calvin Butler COO, Jeanne Jones CFO - Exelon announced that it has promoted Calvin G. Butler Jr. to president and chief operating officer and Jeanne Jones to executive vice president and chief financial officer. Chris Crane, previously president and CEO, continues as Exelon's chief executive officer. "This is a pivotal time for the energy industry as we invest in the grid to ensure its reliability, resilience and security, while expanding access for renewable energy, enabling decarbonization goals and continuing transportation sector electrification," said Exelon CEO Chris Crane. "Throughout Exelon's evolution as a company, we have matched our goals with highly skilled leadership teams to achieve outstanding results, and I am proud that we have such a talented team on board." This is an expanded role for Butler, who previously had served as senior executive vice president and chief operating officer. Butler joined Exelon in 2008, holding a number of senior leadership positions at Exelon, ComEd and BGE. In addition to leading operations serving Exelon's electric and natural gas customers, Butler will now oversee several corporate functions, including Information Technology, Supply, Facilities, Security, Communications and Corporate Relations.
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BCBP | Hot Stocks16:04 EDT BCB Bancorp amends and increases share repurchase program - BCB Bancorp announced that its Board of Directors has amended its current stock repurchase program to increase the number of shares to be repurchased. Under the stock repurchase program as adopted on December 11 the Company was authorized to repurchase up to 500,000 shares of the Company's common stock. As of September 30, 417,650 of those 500,000 shares had been repurchased under the program. The amendment to the stock repurchase program increases the number of shares yet to be repurchased from 82,350 shares to a total number of 500,000 shares. The 500,000 shares authorized to be repurchased under the amended program equate to approximately 2.9% of the Company's outstanding shares of common stock. As of September 30, the Company had approximately 16,973,870 million shares of common stock outstanding.
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PHFC | Hot Stocks16:03 EDT Pittsburgh announces receipt of Nasdaq delisting notification, plans to appeal - Puhui Wealth Investment Management announced that the Company had received a staff determination letter on October 11, 2022 from the Listing Qualifications Department of The Nasdaq Stock Market notifying the Company of the determination of the Nasdaq staff that because the Company had not regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5550(a)(2) and was not eligible for a second 180 day period, unless the Company requests an appeal of this determination, the Company's ordinary shares would be scheduled for delisting from The Nasdaq Capital Market and would be suspended at the opening of business on October 20, 2022. The Company intends to appeal the Staff's determination before a Hearings Panel in due course. Such a request will stay the suspension of the Company's ordinary shares and the filing of the Form 25-NSE pending the Panel's decision. During the period before the hearing, the Company's ordinary shares will continue to trade on Nasdaq. Separately, the Company plans to effectuate a share consolidation to regain compliance.
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DFLI | Hot Stocks16:00 EDT Dragonfly Energy Holdings Corp trading resumes
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VORB | Hot Stocks15:48 EDT Virgin Orbit, Luxembourg Minister of Defense enter LOI for space capabilities - Virgin Orbit and the Luxembourg Minister of Defense signed a letter of intent that will begin the process towards developing responsive space capabilities inclusive of mobile launch infrastructure that would be based in Luxembourg, but available for NATO partners, and other Allies across the European continent. As part of the agreement, Virgin Orbit, in close coordination with the Luxembourg Directorate of Defence, will assess how a responsive space capability could be based in Luxembourg and optimized for use by NATO and other European allies. Virgin Orbit CEO Dan Hart and Luxembourg Deputy Prime Minister and Minister of Defense, Francois Bausch, signed the letter of intent for the collaboration at a ceremony in Luxembourg earlier. In this initiative, Virgin Orbit will develop a plan for the development, delivery, mobilization, and sustainment of LauncherOne Ground Support Equipment and other responsive launch infrastructure that would be allocated for Allied use. Through this collaboration, Virgin Orbit and the Directorate of Defense will engage with partners interested in leveraging this capability and determine the necessary operating constructs and requirements for delivering responsive launch infrastructure to Luxembourg that would allow Allied nations to conduct horizontal launches from a network of active and on-call spaceports in Europe.
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DFLI | Hot Stocks15:43 EDT Dragonfly Energy Holdings Corp trading halted, volatility trading pause
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STAB | Hot Stocks15:33 EDT Statera announces signing of binding MOU with Holobeam Technologies - Statera Biopharma announced the signing of a binding Memorandum of Understanding with Holobeam Technologies. Holobeam is the world leader in creating the next generation of holographic medical imaging and therapeutic technologies for the early detection and treatment of cancer and other diseases using their newly patented Holographic Energy Teleportation technology. This breakthrough technology will enable cancer detection years earlier than conventional methods, when it is far easier to cure, as well as the detection and elimination of metastasis, the main killer of cancer patients. Under the terms of the MOU, Statera will acquire a 25% interest in Holobeam for access to their technology to assist in the identification of the cancers before they clinically manifest themselves and assist in the targeting of Statera drugs specifically to the site of the cancer in concentrations that would not be possible under normal dosing. The MOU provides for an exclusivity period of sixty days for negotiating and finalizing a definitive agreement. Michael Handley, President & Chief Executive Officer of Statera, said, "Holobeam's breakthrough technology will enable earlier detection of cancers before they run rampant throughout the body, giving Statera's therapies a greater chance of succeeding in stopping the cancer." Furthermore, Michael Handley stated, "Holobeam's technology also has the potential to precisely deliver focused energy to the tumor cells thus making them more susceptible to therapeutic intervention."
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NFLX | Hot Stocks15:26 EDT Netflix launches Profile Transfer to allow users to keep settings if they move - In an earlier blog posting, Product Manager, Product Innovation for Netflix Timi Kosztin said: "People move. Families grow. Relationships end. But throughout these life changes, your Netflix experience should stay the same... we're launching Profile Transfer, a feature that lets people using your account transfer a profile - keeping the personalized recommendations, viewing history, My List, saved games, and other settings - when they start their own membership. This new, much requested feature will roll out to all members around the world starting today. You'll be notified by email as soon as Profile Transfer becomes available on your account." Reference Link
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GSD | Hot Stocks15:15 EDT Global System Dynamics reports letter of intent for business combination - Global System Dynamics, a blank check company formally known as Gladstone Acquisition Corporation, announced that it has entered into a non-binding letter of intent, or "LOI," for a business combination with a target company "that uses advanced laser-based monitoring systems to provide rapid and accurate monitoring of temperatures, strains and stresses." Global System Dynamics stated: "The target's technology provides monitoring when applied to dynamic critical infrastructure and structural health monitoring, including pipeline monitoring, structural health monitoring of bridges and buildings, perimeter and structural surveillance, aircraft & aerospace structural components and mining safety with VR capable user interface. The target's fiber-based monitoring systems can assist markets that are not currently served, and its unique technology covers extended areas and any event that is translated into the detection of a change in strain or temperature. In addition to the target's ongoing efforts with respect to the marketing and sales of its technology products and services to its customers, the target also continues to explore potential strategic alliances through joint venture and licensing opportunities to further expand its global market position. The target has an experienced management team that has built the business into a market sector leader and demonstrated an ability to commence and drive growth while scaling its business. The company expects that it can offer the target its resources, its experience, and its network of relationships to support the target's growth and access to more attractive financing terms through access to global public markets, making this an attractive potential business combination for the company's stockholders. Under the terms of the LOI, the company and target would become a combined entity, with the target's existing equity holders rolling over 100% of their equity into the combined public company. The company expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected later in the fourth quarter of 2022."
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ALGT | Hot Stocks14:22 EDT Allegiant, Viva Aerobus alliance gains Mexico's regulatory approval - Allegiant and Viva Aerobus announced that the Federal Economic Competition Commission unconditionally authorized the Commercial Alliance Agreement between both airlines announced in December 2021. This alliance also includes a strategic equity investment by Allegiant in the Mexican airline. This agreement, a first-of-its-kind in the airline industry between two ultra low cost carriers, will seek to expand low-fare service between Mexico and the United States. Ultimately, this alliance will give the public access to safe and reliable air transport between both countries with a focus on serving destinations that do not currently offer nonstop service This fully-integrated agreement will enable Allegiant and Viva Aerobus to have cross-functionality between their respective loyalty programs, codesharing, sales systems and route networks to operate flights together with all the benefits and advantages of both airlines. Through this alliance, Allegiant, which currently does not serve Mexico, will be able to rapidly enter and expand in the market, while Viva will be able to grow its presence in multiple U.S. markets. The joint application requesting approval and antitrust immunity for the alliance is still pending approval by the U.S. Department of Transportation.
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GNUS | Hot Stocks14:18 EDT Genius Brands repurchases 419,336 shares in settlement with former executives - Genius Brands announced that it has repurchased 419,336 shares of common stock in a private transaction from an entity owned by Harold and Jennifer Chizick, former executives of the company. "This share repurchase was made in connection with a comprehensive settlement agreement resolving certain employment-related claims by Harold and Jennifer Chizick against the company as well as the counterclaim by the company against the Chizicks," the company stated. A Genius Brands spokesperson added: "We believe the buyback of these outstanding shares is beneficial to our company and our shareholders, in that it takes shares out of the marketplace. Also, the significant premium to the market price, $1.99 per share, underscores our confidence in our rapidly growing business and the future. This was an amicable settlement, and we are pleased with the outcome of this lawsuit."
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GLOB | Hot Stocks13:30 EDT Globant, FIFA announce multi-year streaming agreement into World Cup - Globant announced this morning a multi-year agreement with FIFA to support the growth of the FIFA+ streaming platform, starting with the FIFA World Cup Qatar 2022. Globant will be the global platform supporter of FIFA+, which launched earlier this year. As part of its responsibilities, Globant will create new features and connected experiences for FIFA+ users while supporting the distribution of the platform, the company said in a statement. In addition, Globant will be a regional supporter of this year's FIFA World Cup in North America and Europe, as well as a sponsor of the FIFA Women's World Cup Australia and New Zealand 202. Globant will also be a FIFA Series global sponsor in 2023, 2024 and 2025, and a worldwide tournament supporter of the FIFA U-17 Women's World Cup 2024, FIFA U-20 Women's World Cup 2024, FIFA U-17 World Cup 2025 and FIFA U-20 World Cup 2025. Shares of Globant are up 4% to $174.17 in afternoon trading.
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BDRBF | Hot Stocks13:19 EDT Bombardier, Signature Aviation enter multi-year agreement for SAF - Bombardier and Signature Aviation announced they have reached a multi-year agreement for the purchase of sustainable aviation fuel quantities, utilizing the Book and Claim system, covering all of Bombardier's flight operations starting in January 2023. The agreement is the first of this scope for a business aviation original equipment manufacturer.The initiative reinforces both companies' leadership role in the promotion, adoption and widespread use of SAF.
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CME | Hot Stocks13:04 EDT CME Group to launch U.S. dollar-denominated TOPIX futures on Nov 21 - CME Group announced it will expand its Tokyo Stock Price Index futures offerings with the launch of U.S. dollar-denominated TOPIX futures on November 21, 2022, pending regulatory review. This new contract will be cash-settled, designed to complement the existing Yen-denominated TOPIX futures contract launched in February 2018. "The addition of U.S. dollar-denominated TOPIX futures represents a natural extension of our Japanese index offerings as we aim to become the primary international venue for trading Japanese equity benchmark products," said Tim McCourt, Global Head of Equity and FX Products, CME Group. "We are pleased to extend our partnership with JPX in launching this new product to provide our customers greater access to Japan's key benchmark, as well as carry that index exposure without FX risk, and have the opportunity to spread against other equity indices."
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SALM | Hot Stocks13:02 EDT Salem Media to purchase assets of WMYM 990, 98.7 FM in Miami - Salem Media Group announced it has entered into an agreement with Actualidad Media Group, LLC to purchase the assets of WMYM AM 990 and its translator on FM 98.7. The transaction has been filed with the FCC and both parties anticipate closing around the beginning of 2023.
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AGFY | Hot Stocks13:01 EDT Agrify board approves 1-for-10 reverse stock split - Agrify announced that the company's board of directors approved a 1-for-10 reverse stock split, to be effective as of 12:01 a.m. on Tuesday, October 18. The company's common stock will open for trading on the Nasdaq Capital Market on Tuesday, October 18, on a split-adjusted basis under the current trading symbol "AGFY." The reverse stock split was approved by the company's stockholders on October 14 and is intended to increase the per share trading price of the company's common stock to enable the company to satisfy the minimum bid price requirement for continued listing on the Nasdaq Capital Market.
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TCEHY | Hot Stocks12:40 EDT Tencent's Riot Games acquires Wargaming Sydney studio, terms not disclosed - Tencent's Riot Games completed its acquisition of Wargaming Sydney studio. The studio will be renamed Riot Sydney and will further augment the League of Legends, VALORANT, and tech teams at Riot. "We are really excited to bring these talented developers and teams to Riot," said Marc Merrill, Co-Founder, and President of Games. "The Rioters that have had the opportunity to work with members of the Sydney team are confident not only in the tech they've built over the years but, more importantly, in the people who've built it. Naz (Naresh Hirani, Head of Development, Riot Sydney) and the dev teams at the studio have a long history of working in ways that will complement Riot's ability to deliver value to our players and we really look forward to collaborating with them." Wargaming is one of the largest development studios in Australia and has worked on World of Tanks, World of Warships, and many more titles across console and PC. Reference Link
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VMW | Hot Stocks12:03 EDT VMware, First Nations University of Canada launch digital partnership - VMware announced a partnership with the First Nations University of Canada, where it will provide 400 students with complementary access to its transformative digital training program, VMware IT Academy.
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DGII | Hot Stocks12:02 EDT DIG Restaurants collaborates with SmartSense by Digi - SmartSense by Digi announced it will extend its work with DIG. Continuing its use of SmartSense by Digi solutions, DIG has the reliable technology to maintain and expand its unrivaled product freshness.
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DRV | Hot Stocks12:00 EDT Debt Resolve falls -12.4% - Debt Resolve is down -12.4%, or -$9.97 to $70.41.
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CANO | Hot Stocks12:00 EDT Cano Health falls -12.5% - Cano Health is down -12.5%, or -$1.03 to $7.20.
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WEBS | Hot Stocks12:00 EDT Web Street, Inc. falls -15.1% - Web Street, Inc. is down -15.1%, or -$7.06 to $39.85.
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RBLX | Hot Stocks12:00 EDT Roblox rises 20.6% - Roblox is up 20.6%, or $7.33 to $42.90.
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SRG | Hot Stocks12:00 EDT Seritage Growth Properties rises 22.4% - Seritage Growth Properties is up 22.4%, or $1.86 to $10.17.
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LFG | Hot Stocks12:00 EDT Archaea Energy rises 53.2% - Archaea Energy is up 53.2%, or $8.98 to $25.86.
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ARRY | Hot Stocks11:31 EDT Array Technologies disclosed resignation of COO Kenneth Stacherski - Array Technologies disclosed this morning that on October 11, Kenneth Stacherski, its Chief Operations Officer, provided notice of his intention to resign from his positions as an officer and employee of the company and its subsidiaries, effective as of October 21. Stacherski's resignation is not the result of any material disagreement with the company regarding its operations, policies, or practices, Array said in a regulatory filing.
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MMC | Hot Stocks11:14 EDT Marsh McLennan's Oliver Wyman to acquire Avascent - Oliver Wyman, a global management consulting firm and a business of Marsh McLennan, announced that it has entered into an agreement to acquire Avascent, an Aerospace and Defense management consulting firm focused on the corporate and private equity sectors. The terms of the transaction were not disclosed. The deal is expected to close before the end of the year.
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BAESY | Hot Stocks11:01 EDT BAE Systems to partner on flight control computer for Supernal's eVTOL - BAE Systems and Supernal announced an agreement to design and develop the flight control computer for Supernal's electric Vertical Takeoff and Landing, or eVTOL, vehicle. Work on the flight control system will be conducted at the company's facility in Endicott, New York. "The development of advanced, high-integrity controls is crucial to meet the demands of electric aircraft. BAE Systems is harnessing its investment in electrification and expertise in flight-critical systems to advance sustainable aviation. We look forward to working with Supernal to make this shared vision a reality," said Ehtisham Siddiqui, vice president and general manager of Controls and Avionics Solutions at BAE Systems.
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MET | Hot Stocks10:40 EDT MetLife, Everest Life enter strategic partnership - Everest announced a new strategic partnership with MetLife in the UK market. As part of this initial three-year exclusive arrangement, MetLife will offer funeral support services to more than 1.4 million UK employees, via its Group Life insurance arrangements.
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PLPC | Hot Stocks10:36 EDT Preformed Line Products Co acquires Delta Conectores, terms not disclosed - Preformed Line Products Company announced that it has acquired Delta Conectores, S.A. de C.V. Founded in 1979 and based out of Aguascalientes, Mexico, Delta designs and manufactures substation connector systems and accessory hardware for high-voltage AC systems and is a market leader in Mexico. The acquisition of Delta will greatly expand PLP's operational and technical capabilities in the region while supporting its overall global substation strategy.
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GFS | Hot Stocks10:35 EDT GlobalFoundries announces $30M in federal funding for GaN chips at Vermont fab - U.S. Senator Patrick Leahy and GlobalFoundries announced the award of $30M in federal funding to advance the development and production of next-generation gallium nitride on silicon semiconductors at GF's facility in Essex Junction, Vermont. The announcement was made at an event at GF's Fab attended by Sen. Leahy, GF President and CEO Dr. Thomas Caulfield, GF Vice President and Vermont Fab General Manager Ken McAvey, Greater Burlington Industrial Corporation President Frank Cioffi, GF Fab team members, and other guests. The $30M federal funding, secured by Sen. Leahy as an appropriation in the Consolidated Appropriations Act for Fiscal Year 2022, will enable GF to purchase tools and extend development and implementation of 200mm GaN wafer manufacturing. The incorporation of scaled GaN manufacturing into the Fab's capabilities furthers the facility's longstanding global leadership in RF semiconductor technology, and positions GF for leadership in making chips for high-power applications including electric vehicles, industrial motors, and energy applications. This $30M agreement is the latest federal investment to support GaN at GF's Vermont Fab. In fiscal years 2020 and 2021, Sen. Leahy secured a total of $10M for research and development related to advancing GaN technology at the facility, paving the way for this new award.
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OMC | Hot Stocks10:31 EDT Omnicom appoints Andrea Lennon as CCO - Omnicom Group announced the appointment of Andrea Lennon to the new role of Chief Client Officer, effective immediately. Lennon will be responsible for leading Omnicom's multi-disciplinary solutions for enterprise clients, including the company's Global Client Leaders Group that manages and orchestrates client solutions across Omnicom's leading agencies and practice areas. As Chief Client Officer, Lennon will focus on transformative marketing solutions and capabilities that drive business results for global enterprise clients. In partnership with her GCL team, she will accelerate solutions that draw on the Group's best talent while expertly integrating Omnicom's leading capabilities in data, creative, media, communications and technology. Lennon has built a strong track record in marketing transformation at Critical Mass, Omnicom's digital experience design agency, where she spent seven years working in Asia, Europe and the US prior to being named President two years ago.
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APYX | Hot Stocks10:28 EDT FDA issues 510(k) Premarket Notification for Apyx One Console - An FDA 510(k) Premarket Notification for Apyx One Console dated October 11 states that the device is "Substantially Equivalent." Reference Link
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EVI | Hot Stocks10:25 EDT EVI Industries to acquire Wholesale Commercial Laundry Equipment - EVI Industries announced that it executed a definitive agreement to acquire Southside, Alabama based Wholesale Commercial Laundry Equipment SE, a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry. Henry M. Nahmad, EVI's Chairman and CEO, commented: "Each acquisition is integral to achieving our long-term growth and profitability goals." The transaction is expected to close in the second fiscal quarter, subject to the satisfaction of customary closing conditions.
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NOK | Hot Stocks10:01 EDT Nokia Canada to transform Ottawa facility into sustainable R&D hub - Nokia Canada and federal, provincial and municipal partners announced plans to transform Nokia's Ottawa, ON, facility into a world-leading, sustainable research and development hub. The tech center will significantly expand Nokia Canada's capacity in next-generation information and communications technology (and cyber security innovation. This transformation is expected to create more than 340 new, high-value jobs and help Nokia attract highly-skilled, global talent to Canada's tech ecosystem. Nokia Canada plans to begin site construction in 2023 and expects to open the new facility in 2026. This project will transform Nokia Canada's 26-acre campus at the Kanata North Business Park into a sustainable, accessible mixed-use corporate, residential and commercial hub where nearly 2,160 local employees, Ottawa residents and businesses, and Canada's entire tech ecosystem can collaborate, innovate and drive Canadian and global wellbeing and prosperity. The transformed campus is expected to enable Nokia Canada to grow its Ontario-based team by more than 340 positions to 2,500, 2,160 of which will be based in Ottawa, increase co-op and intern positions for university and college students in STEM fields by 100 to 400 per year, and introduce new, cutting-edge lab space and equipment. Nokia Canada plans to invest CAD 340+M in labs and equipment, labour, and operating costs between 2023 and 2027. The Government of Canada is finalizing plans to provide up to C$40M via its Strategic Innovation Fund and the Government of Ontario, through Invest Ontario, will provide C$30M to the project. These contributions will support the long-term capability of Nokia, Canada and Ontario in cyber security, R&D, and next-gen technology, including 6G, while delivering high-paying jobs in construction and technology. The City of Ottawa, through Hydro Ottawa, will make a capital contribution of C$2M for control system upgrades.
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SOXS | Hot Stocks10:00 EDT Direxion Daily Semiconductor Bear 3X Shares falls -9.8% - Direxion Daily Semiconductor Bear 3X Shares is down -9.8%, or -$7.88 to $72.17.
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WEBS | Hot Stocks10:00 EDT Web Street, Inc. falls -11.3% - Web Street, Inc. is down -11.3%, or -$5.29 to $41.62.
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ENPC | Hot Stocks10:00 EDT Executive Network Partnering falls -15.0% - Executive Network Partnering is down -15.0%, or -$1.50 to $8.51.
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SRG | Hot Stocks10:00 EDT Seritage Growth Properties rises 12.2% - Seritage Growth Properties is up 12.2%, or $1.01 to $9.32.
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RBLX | Hot Stocks10:00 EDT Roblox rises 15.1% - Roblox is up 15.1%, or $5.38 to $40.94.
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LFG | Hot Stocks10:00 EDT Archaea Energy rises 52.3% - Archaea Energy is up 52.3%, or $8.84 to $25.71.
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PODD | Hot Stocks09:54 EDT Insulet issues recall for Omnipod DASH, sees $35M-$45M charge - Insulet disclosed this morning that it issued a voluntary medical device correction notice for its Omnipod DASH Personal Diabetes Manager relating to the Omnipod DASH PDM battery. Insulet will replace the PDMs for all current Omnipod DASH users globally due to reported issues which may occur if the PDM battery is charged to full capacity or for extended periods of time. The Company currently estimates an aggregate charge in the range of $35M to $45M with the majority impacting cost of revenue in Q3 and the remainder primarily impacting operating expenses in Q4 and fiscal year 2023. Additionally, excluding the related charges, the company is not changing its annual gross margin or adjusted operating margin guidance provided on August 4. The voluntary medical device correction notice does not affect the Omnipod DASH Pods, the Omnipod Insulin Management System, or the Omnipod 5 Automated Insulin Delivery System.
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ENPC | Hot Stocks09:47 EDT Executive Network Partnering falls -9.9% - Executive Network Partnering is down -9.9%, or -99c to $9.02.
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SOXS | Hot Stocks09:47 EDT Direxion Daily Semiconductor Bear 3X Shares falls -10.4% - Direxion Daily Semiconductor Bear 3X Shares is down -10.4%, or -$8.34 to $71.71.
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MSB | Hot Stocks09:47 EDT Mesabi Trust falls -15.3% - Mesabi Trust is down -15.3%, or -$3.00 to $16.60.
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KOLD | Hot Stocks09:47 EDT ProShares UltraShort Bloomberg Natural Gas rises 11.5% - ProShares UltraShort Bloomberg Natural Gas is up 11.5%, or $2.05 to $19.82.
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RBLX | Hot Stocks09:47 EDT Roblox rises 16.4% - Roblox is up 16.4%, or $5.85 to $41.41.
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LFG | Hot Stocks09:47 EDT Archaea Energy rises 52.5% - Archaea Energy is up 52.5%, or $8.86 to $25.74.
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BAC | Hot Stocks09:46 EDT Bank of America sees technology spend increasing to $3.4B in 2023
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LUV | Hot Stocks09:46 EDT 4AIR, Southwest partner to document sustainable aviation fuel use - 4AIR announced that it will provide Sustainable Aviation Fuel inventory accounting and documentation services for Southwest Airlines. In October 2021, the carrier announced a series of near-term goals, actions, and initiatives in support of a 10-year plan to maintain carbon neutrality to 2019 levels while continuing to grow its operations. This includes a goal of replacing 10 percent of its total jet fuel consumption with sustainable aviation fuel by 2030. SAF is a key strategy to address the carbon emissions generated by the aviation industry associated with climate change. Under the agreement, 4AIR will support Southwest with allocating and documenting certain Scope 3 emission reduction rights arising from Southwest's use of SAF for corporate clients participating in its SAF Beta Program. These clients purchase Scope 3 emission reduction rights arising from Southwest's use of SAF, which contributes to reducing the premium of SAF over conventional jet fuel and helps send demand signals to the market.
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ILAG | Hot Stocks09:41 EDT Intelligent Living Application Group Inc trading resumes
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TOP | Hot Stocks09:39 EDT TOP Financial Group Ltd trading resumes
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ILAG | Hot Stocks09:36 EDT Intelligent Living Application Group Inc trading halted, volatility trading pause
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TOP | Hot Stocks09:34 EDT TOP Financial Group Ltd trading halted, volatility trading pause
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COHR NOK | Hot Stocks09:33 EDT Windstream partners with Coherent, Nokia for 400 Gig networking - Windstream Wholesale along with its partners Coherent Corp. (COHR) and Nokia (NOK) announced it has completed full integration of the 400 Gig, 0 dBm QSFP-DD Pluggable into the generally available Nokia 7250 IXR X1 and 7250 IXR-X3 routers. The integrated solution is ready for full commercial deployment, accelerating Windstream's ICON and ICON-Edge network strategy. The result is a flexible option for both high-power coherent optics support in combination with the services delivery needed for metro aggregation.
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SBGI | Hot Stocks09:32 EDT Sinclair Broadcast enters creative partnership with Anthony Zuiker - Sinclair Broadcast Group announced a broad, multi-platform creative partnership with Anthony E. Zuiker to create content across a range of formats and subjects. Zuiker, an award-winning content creator, writer, and producer, best known as the creator of the global hit franchise, CSI: Crime Scene Investigation, will work with Sinclair's CIO Scott Ehrlich, and the Sinclair team, to develop original programming and content. Working with Sinclair's news teams, across its 185 owned/operated television stations, Zuiker will highlight the compelling stories that deserve to be told in a longer, more dynamic format, broadening the appeal for a global audience. Zuiker will also develop content that can live adjacent to news programming and across ancillary verticals. Potential programming categories include docuseries, game shows and topical talk.
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BAC | Hot Stocks09:29 EDT Bank of America sees resuming high single digit loan growth
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SHFS | Hot Stocks09:28 EDT SHF Holdings selected as preferred facilitator for financial services to ATACH - SHF Holdings announced it has been selected as the preferred facilitator for financial compliance, validation, and onboarding services for the American Trade Association for Cannabis & Hemp, an organization that promotes the expansion, protection, and preservation of businesses engaged in the legal trade of industrial, medical, and recreational cannabis and hemp based products. "The partnership with ATACH will help deliver compliant financial solutions for licensed cannabis operators by making available to all of its members access to financial services through our financial institution clients and using our compliance and onboarding services," stated Sundie Seefried, Founder and CEO of Safe Harbor. "As the premier cannabis-focused financial solutions provider to the cannabis industry, we are strongly positioned to assist the industry's most influential trade organization."
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WTRH UL | Hot Stocks09:28 EDT Waitr Holdings, Unilever announce national partnership - ASAP.com, the on-demand delivery brand for Waitr Holdings (WTRH), announced a new national partnership with Unilever (UL). The agreement calls for ASAP.com to deliver frozen treats to its consumers. Unilever will coordinate with ASAP's existing restaurant partners to help add ice cream to their menus. The partnership provides new options for customers, as well as a new revenue stream for restaurants.
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IMPP | Hot Stocks09:25 EDT Imperial Petroleum announces adjournment of annual meeting - Imperial Petroleum announced that the Annual Meeting of Shareholders of the Company reconvened on October 13, 2022, has been adjourned, due to lack of requisite quorum, and rescheduled to Tuesday, December 20, 2022 at 11:00 a.m. Greek local time at the Company's offices at 331 Kifissias Avenue, Erithrea 14561 in Athens, Greece.
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BAC | Hot Stocks09:20 EDT Bank of America CFO expects stock buybacks to increase
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AIRG COHU | Hot Stocks09:17 EDT Airgain names Michael Elbaz as CFO - Airgain (AIRG) announced the addition of Michael Elbaz as CFO and secretary. Elbaz brings over twenty five years of experience in corporate and global finance and strategy. As CFO, Elbaz will lead Airgain's accounting, financial planning and analysis, treasury, investor relations and information technology functions. Prior to joining Airgain, Mr. Elbaz was VP Finance at Cohu (COHU).
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LNTH | Hot Stocks09:17 EDT Lantheus announces data presentations at EANM Annual Meeting - Lantheus Holdings showcased artificial intelligence data at the 2022 European Association of Nuclear Medicine Annual Meeting in Barcelona, Spain. In an oral presentation, the Company reviewed the results from a retrospective analysis using aPROMISE to evaluate PSMA PET/CT scans, pre- and post-androgen deprivation therapy, of men with treatment naive castration sensitive prostate cancer. The results demonstrated that a change in automated PSMA scores in bone and lymph nodes is strongly associated with PSA response. The analysis also indicated that a quantitative automated PSMA-score may assess treatment response in bone, which is not feasible with conventional imaging. This presentation was chosen as a top-rated oral presentation within the scientific program at EANM. In a poster presentation, the Company shared the results from an evaluation of the volumetric expression of PSMA in prostate tumor in PET/CT against MRI PIRAD-Index 4 and 5, in patients who underwent radical prostatectomy. The volumetric expression of PSMA was quantified into an automated PSMA score, which PSMA score was calculated using the PROMISE criteria. The automated PSMA score was observed to be significantly lower in patients with PIRAD score-4, compared to that observed in PIRAD score-5, p=0.014.2 In a second poster presentation, the Company highlighted the results from a study evaluating a novel methodology for adaptive lesion segmentation in PSMA PET/CT that employs a threshold based on a decreasing percentage of maximum Standard Uptake Value, with the percentage dependent on SUVmax and blood-pool uptake of PSMA PET/CT imaging. The study concluded that the adaptive threshold can be applied to improve reproducibility and robustness when quantifying tumor burden in PSMA PET/CT images. The proposed adaptive thresholding for automatic lesion segmentation demonstrated significantly more accurate segmentations than the conventional method, achieving an improved precision for all lesion types and a similar recall, as compared to the conventional method.
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IMAX | Hot Stocks09:16 EDT Imax and Wanda sign nine-theater agreement in China - Imax and Wanda Film, China's largest exhibitor, announced a nine-theatre deal spanning key Chinese markets. Under the agreement, six new Imax systems will be installed in newly built multiplexes across key Chinese markets. Additionally, Wanda will relocate and upgrade three of its existing IMAX systems to forthcoming new multiplexes. It is Imax 's first agreement for more than five new theatres in China since February 2021.
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BAC | Hot Stocks09:14 EDT Bank of America still expects NII to grow next year, says CFO
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ABBV | Hot Stocks09:14 EDT AbbVie's Chief Legal Officer Laura Schumacher retiring - AbbVie announced that Laura Schumacher, vice chairman of external affairs and chief legal officer, will retire from the company after a period of transition, following a 32-year career at AbbVie and its predecessor company Abbott. Perry Siatis, who currently serves as senior vice president and deputy general counsel, will assume the role of executive vice president, general counsel and secretary. Siatis joined the legal department of Abbott Laboratories in 2005 and advanced through a series of leadership roles with increasing responsibility at Abbott, and then AbbVie. Siatis has also served as chief compliance officer.
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TOTZF | Hot Stocks09:12 EDT Total Energy announces intention to undertake normal course issuer bid - Total Energy Services announced that it has filed a Notice with the Toronto Stock Exchange to undertake a normal course issuer bid that will expire on October 18, 2023. Total Energy has been informed that the TSX has accepted its notice to make the normal course issuer bid. All purchases of common shares will be effected through the facilities of the TSX and one or more of the Canadian alternative trading systems and all Shares purchased will be cancelled by the Company. As of today, there are 41,900,300 Shares issued and outstanding. In connection with the normal course issuer bid, which will commence on October 19, 2022, Total Energy may purchase up to 2,095,015 Shares, being 5% of the total number of outstanding Shares, during the period from October 19, 2022 to October 18, 2023, subject to a maximum daily purchase limit of 14,751 Shares based on an average daily trading volume for the last six calendar months of 59,007 Shares. On October 7, 2021, Total Energy announced its intention to undertake a normal course issuer bid, which remained in effect during the 12-month period ending on October 11, 2022. Under that normal course issuer bid Total Energy purchased a total of 1,766,920 Shares at an average price of $6.66 per Share. Capital stewardship remains a core value at Total Energy. Since its inception, Total Energy has returned approximately $260 million to its owners through dividends, distributions and share buybacks, including $5.59 per share in dividends and distributions. In the context of current market conditions, Total Energy believes that the repurchase of Shares is an attractive investment opportunity that will benefit the remaining shareholders of Total Energy by increasing their proportionate equity investment in the Company.
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BAC | Hot Stocks09:12 EDT Bank of America expects Q4 tax rate 'similar' to Q3, says CFO
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IBEX | Hot Stocks09:09 EDT Ibex continues investment in employee development - ibex announced its continued investment in employee development and commitment to providing the best employee experience and career opportunities in Honduras. Since opening its client service center in Tegucigalpa in 2021, ibex has helped hundreds of employees gain valuable skills and advance their career. "Many of the world's leading brands trust ibex to deliver amazing customer experiences, and we are committed to providing our employees the best experience, training, and opportunities to succeed and advance their careers," said Luis Anleu, Director of Operations - Honduras, ibex. "There are dozens of employees who experienced little development opportunity at other BPOs, but were able to develop their skills and earn promotions at ibex. ibex is different. We take great pride in the fact that more than 85 percent of ibex managers in our region began their careers as agents and worked their way up."
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EBAC | Hot Stocks09:09 EDT European Biotech Acquisition, Oculis enter business combination agreement - Oculis and European Biotech Acquisition Corp announced they have entered into a definitive business combination agreement. Upon closing of the transaction, the company will be named "Oculis Holding SA" and will work to accelerate the development of Oculis's differentiated ophthalmology pipeline. The transaction includes commitments to an upsized PIPE and private investment of close to $80 million, anchored by LSP 7, with the participation of leading institutional investors, including Earlybird, Novartis Venture Fund, Pivotal bioVenture Partners, funds managed by Tekla Capital Management LLC, and VI Partners, among others. The business combination is expected to deliver gross proceeds to Oculis in excess of $200 million. This includes approximately $127.5 million held in EBAC's trust and commitments to an upsized PIPE and private investment of close to $80 million, anchored by LSP 7, with the participation of leading institutional investors, including Earlybird, Novartis Venture Fund, Pivotal bioVenture Partners, funds managed by Tekla Capital Management LLC, and VI Partners, among others. The proposed transaction was unanimously approved by the board of directors of all parties and is supported by existing shareholders of Oculis. The proposed transaction is expected to be completed in the first half of 2023, subject to, among other things, the approval by EBAC shareholders and the satisfaction or waiver of other customary closing conditions. The newly listed entity Oculis Holding SA will be a company registered in Switzerland with its headquarters at the current office of Oculis at the EPFL Innovation Park in Lausanne, Switzerland.
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SRAX | Hot Stocks09:07 EDT Srax releases Deal Center feature of its Sequire platform - SRAX has announced the release of the Deal Center feature on Sequire, its SaaS platform. The Deal Center is a comprehensive market intelligence tool that utilizes machine learning to help issuers understand the day-to-day activity of the financing transactions they completed, and it helps them predict the outcome of entering into financings with specific investors. While other Sequire features, such as the Dashboard and Participants, allows issuers to see shareholder information and track movement of their stock, the Deal Center expands on Sequire's offerings, providing a way for companies to utilize artificial intelligence by tracking what investors do with their shares after the company makes a deal with them. "Previous behavior is a key indicator of what an investor will do in the future. We created this feature to give issuers better insights into important financial information prior to moving forward with a deal. Once the deal has commenced, we want to know what those investors are doing day-to-day, and Deal Center allows that to happen. Entering a deal with Deal Center gives insights to the company which have not been available in the past," said Christopher Miglino, Founder and CEO of SRAX.
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LZ | Hot Stocks09:05 EDT LegalZoom acquires document automation, forms template company Revv - LegalZoom.com has acquired Revv, a Global SaaS, Bangalore, India based document automation and forms template company. Revv's proprietary technology will enhance LegaZoom's forms library and legal templates offerings and will be used to develop modern product experiences and services for small businesses. "The acquisition of Revv demonstrates our continued focus on scaling critical engineering and product talent to deliver the best products and services for small businesses," said Dan Wernikoff, CEO of LegalZoom. "The addition of Revv through this transaction also gives us access to the attractive Bangalore talent market, and will ultimately help us deliver on our business priorities as we head into 2023." Revv offers legally binding eSignatures coupled with vetted templates, cloud-based workflow automation, native API, Zapier integration, analytics, cloud-based storage, and audit trails.
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ABBV | Hot Stocks09:05 EDT AbbVie-s Chief Legal Officer Laura Schumacher retiring - AbbVie announced that Laura Schumacher, vice chairman of external affairs and chief legal officer, will retire from the company after a period of transition, following a 32-year career at AbbVie and its predecessor company Abbott. Perry Siatis, who currently serves as senior vice president and deputy general counsel, will assume the role of executive vice president, general counsel and secretary. Siatis joined the legal department of Abbott Laboratories in 2005 and advanced through a series of leadership roles with increasing responsibility at Abbott, and then AbbVie. Siatis has also served as chief compliance officer.
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WMT VZ | Hot Stocks09:05 EDT Straight Talk Home Internet now available at Walmart - Introducing Straight Talk Home Internet: an affordable, no-contract, no-credit-check, prepaid fixed wireless internet service, available exclusively at Walmart (WMT). Straight Talk, known for providing incredible value in prepaid wireless with the unmatched distribution of Walmart, continues to deliver with Straight Talk Home Internet. This new service will help more consumers bridge the divide to the digital world by making high-speed broadband more affordable and attainable for those that need reliable internet, but prefer no contracts, no credit checks and a broader choice in payment options - including cash. Straight Talk Home Internet takes advantage of Verizon's (VZ) award-winning 5G and 4G LTE networks. At just $45 per month, it offers unlimited 5G / 4G LTE data with speeds up to 100 Mbps on 5G or 50 Mbps on 4G LTE, and Wi-Fi 6 Dual-band. The easy, self-set-up router is only $99 and can connect multiple devices. Straight Talk Home Internet will be available at nearly 2,000 Walmart stores across the country and at Walmart.com and StraightTalk.com.
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XGN VCYT | Hot Stocks09:04 EDT Exagen appoints John Aballi as CEO - Exagen (XGN) announced that the company has appointed John Aballi as CEO and President. Longtime CEO and President Ron Rocca, who took the company public and built a robust growth business, is stepping down after 11 years at the helm. The Exagen Board has appointed Mr. Aballi as CEO, President, and a member of the Board. Most recently he served as SVP, General Manager, Urology & CLIA COO at Veracyte (VCYT).
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SRNE | Hot Stocks09:04 EDT Sorrento Therapeutics completes Phase 1 study of STI-1558 - Sorrento Therapeutics announced the completion of a Phase 1 study of its oral main viral protease inhibitor, the STI-1558 in 58 healthy volunteers. The Phase 1 safety and PK study in healthy volunteers was conducted in Australia. The study is entitled: "A Randomized, Double-Blind, Placebo-Controlled, Phase I Study to Assess the Safety, Tolerability, and Pharmacokinetics of Single and Multiple Oral Doses of STI-1558 in Healthy Volunteers." In the SAD portion of the study, 4 dose-escalation cohorts were conducted with 8 subjects in each cohort, randomized 3:1. In the MAD portion of the study, 3 dose-escalation cohorts with daily doses of 300 mg BID, 600 mg BID or 800 mg BID for consecutive 7.5 days were conducted with 8 subjects in each dose cohort randomized 3:1. The preliminary blinded safety and PK data from the SAD and MAD portions of the study are available. Overall, there were no changes in vital signs, physical examinations, ECGs or safety clinical labs resulting from study participation. The linear and semi-log plots for doses from 300 mg to 2000 mg are proportional in the SAD portion. In the 600 mg BID dose cohort of the MAD portion, the trough concentration was significantly above the EC90 value of predicted value for viral inhibition and no accumulation was seen, supporting a 600 mg twice-daily dose as a recommended dose for standalone treatment without ritonavir booster. A phase 1 trial in participants infected with SARS-CoV-2 has been initiated in China, and a total 56 participants will be enrolled to assess the safety, tolerability, and efficacy in 3 MAD dose cohorts. Eight participants infected with SARS-CoV-2 in the first MAD dose cohort of 300 mg BID have been dosed. A large Phase 2 registrational study is planned in Mexico that could support an Emergency Use Authorization in Mexico with potential for distribution throughout Latin America. Registrational Phase 2/3 trials in US, China and other major regions have also been planned.
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BAC | Hot Stocks09:03 EDT Bank of America sees FY expenses around $61B, says CFO
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MDT | Hot Stocks09:02 EDT Medtronic's cardiac pacing system receives FDA approval - Medtronic has received FDA approval for expanded labeling of a cardiac lead that taps into the heart's natural electrical system, giving patients needed therapy while avoiding complications sometimes associated with traditional pacing methods, such as cardiomyopathy. Commonly referred to as "conduction system pacing," this approach helps ensure that pacing closely mimics the heart's physiologic contractions, allowing the heart's ventricles to work in coordination. Medtronic is the first and only company with therapies approved for conduction system pacing. In 2018, the FDA approved the SelectSecure MRI SureScan cardiac lead for His-Bundle pacing, another form of conduction system pacing.
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AWRE | Hot Stocks09:02 EDT Aware bringing AwareABIS family of products to 2022 IACP Conference - Aware will be bringing its AwareABIS family of products to this year's International Association of Chiefs of Police Conference. Taking place from October 15-18 in Dallas, TX, the 2022 IACP Conference provides an ideal environment to demonstrate Aware's commitment to providing unmatched solutions for law enforcement communities of any size.
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MKSI | Hot Stocks09:02 EDT MKS Instruments releases second annual ESG report - MKS Instruments released its second annual Environmental, Social, Governance, ESG, Report, which highlights MKS' commitment to ESG issues. "For MKS, achieving a more sustainable future means drawing upon our culture of human curiosity and ingenuity to solve problems and deliver solutions," said John Lee, President and CEO of MKS. "Our commitment to operating our business in an environmentally and socially responsible manner, in tandem with our employees, customers, suppliers and communities, remains unwavering." This Report details the progress MKS has made toward the achievement of key ESG objectives. Highlights include: Instituting a formal Global MKS Management System for Environmental, Health, and Safety to protect MKS' employees, other stakeholders, and the environment; Expanding disclosure of Scope 3 emissions and tracking additional Scope 3 categories; Expanding Diversity, Equity and Inclusion-specific training to all employees globally; Setting DE&I goals for executives; Conducting an analysis of global employees' compensation that resulted in equitable pay for employees.
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BAC | Hot Stocks09:00 EDT BofA CFO sees Q4 NII at least $1.25B higher than Q3
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NERV | Hot Stocks09:00 EDT Minerva trading resumes
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MAXN | Hot Stocks08:57 EDT Maxeon Solar expands SunPower One ecosystem to EV charging - Maxeon Solar announced a strategic partnership with Star Charge, a global electric vehicle - EV - charging solution provider. The two companies will cooperate to incorporate Star Charge EV charging products as part of Maxeon's SunPower One home energy solution. The EV charging products are expected to be available and integrated in the SunPower One home energy solution in selected European markets in 1Q23, and rolled out to other markets during the remainder of 2023.
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BAC | Hot Stocks08:53 EDT Bank of America CFO sees deposit rates increasing
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CVM | Hot Stocks08:53 EDT CEL-SCI announces Multikine treatment achieved tumor response, increased OS - CEL-SCI announced the availability to the public of an oral presentation delivered by Philip Lavin of tumor response and increased overall survival in head and neck cancer. This presentation includes data presented at the European Society for Medical Oncology, or ESMO, Annual Congress on September 10 in Paris, France. The summary of the most recent data presented from this Phase 3 clinical trial is that a three-week administration of CEL-SCI's investigational Multikine treatment achieved tumor response and increased overall survival, or OS, in treatment naive locally advanced primary head and neck cancer patients who are scheduled to receive surgery and radiotherapy as their indicated treatment. The study had 45 early tumor responses, including five complete and 40 partial responses; all were early tumor responses in that they followed a three-week Multikine treatment, were observed at surgery and occurred before radiotherapy. Early tumor response to Multikine treatment was both prognostic and predictive of overall survival. The Multikine tumor response was differentiating in that it was observed within a week after completion of the fixed three-week Multikine treatment. The degree of response had a significant impact on subsequent survival, which qualifies Multikine early tumor response as a surrogate marker. 5 patients were complete responders, with surgical confirmation of clearing all signs of cancer in the oral cavity, and 40 patients were partial responders to Multikine after three weeks of Multikine treatment, prior to any SOC treatment. Complete early tumor responses have not ever been reported in the scientific literature for locally advanced primary head and neck cancer according to medical experts. The presentation delivered by Dr. Lavin included images of two patients who had a complete early response to treatment with Multikine within five weeks and prior to the standard of care surgery and radiotherapy and anonymized patient profiles for all the five complete responders. Images clearly show tumors in the patients' oral cavity prior to treatment with Multikine and the disappearance of these tumors before surgery.
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PSEC | Hot Stocks08:51 EDT Prospect Capital announces launch of cash tender offer - Prospect Capital Corporation announced that it has commenced a cash tender offer to purchase any and all of the outstanding notes listed below. The Tender Offer will expire at 5:00 p.m., New York City time, on October 21, 2022, or any other date and time to which the Company extends the Tender Offer. The Tender Offer is made pursuant to an Offer to Purchase dated today and related notice of guaranteed delivery, which set forth the terms and conditions of the Tender Offer. The consideration to be paid for each $1,000 principal amount of Notes that are validly tendered and not validly withdrawn on or prior to the Expiration Time is $985.00, plus accrued and unpaid interest on the Notes, if any, from the applicable last interest payment date up to, but not including, the Settlement Date. The Company will purchase any Notes that have been validly tendered at or prior to the Expiration Time and accepted for purchase, subject to all conditions to the Tender Offer having been either satisfied or waived by the Company, promptly following the Expiration Time. Assuming the Tender Offer is not extended, the Company expects that the Tender Offer will settle and payment will be made on October 26, 2022.
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STOR | Hot Stocks08:51 EDT Store Capital: 'Go-shop' ends, $14B deal with GIC, Oak Street funds to close - STORE Capital announced the expiration of the "go-shop" period set forth in the previously announced definitive merger agreement, dated September 15 , with affiliates of GIC, a global institutional investor, and Oak Street, a Division of Blue Owl . Under the terms of the merger agreement, GIC and funds managed by Oak Street have agreed to acquire all the outstanding shares of the Company's common stock for $32.25 per share in an all-cash transaction valued at approximately $14B. The "go-shop" period expired at 11:59 p.m. on October 15.
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NERV | Hot Stocks08:48 EDT Minerva to resume trading at 09:00 ET - Minerva is set to resume trading at 9:00 am ET, with quotation scheduled to resume at 8:55 am ET, according to Nasdaq. Shares had been halted, pending news, ahead of the company announcement that it had received a refusal to file letter from the FDA regarding the company's New Drug Application for roluperidone for the treatment of negative symptoms in patients with schizophrenia.
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EGGF | Hot Stocks08:47 EDT flyExclusive to go public via merger with EG Acquisition - flyExclusive, a provider of premium private jet charter experiences, and EG Acquisition Corp. announced that they have entered into a definitive business combination agreement. Under the terms of the definitive business combination agreement, the transaction values flyExclusive at a pre-transaction equity value of $600M and is expected to provide up to $310M in proceeds, including $85M of committed convertible notes described above and $225M of SPAC cash in trust assuming no redemptions. No additional funding beyond the $85M of already committed convertible notes is required for the business combination to close. Upon the closing of the proposed transaction, flyExclusive's senior management will continue to serve in their current roles. The current flyExclusive owners will retain approximately 60% of the ownership at close, assuming no redemptions in SPAC cash held in trust. The respective boards of directors of both EG Acquisition Corp. and flyExclusive have each approved the proposed transaction. Completion of the proposed transaction is subject to approval of EG Acquisition Corp. stockholders and other customary closing conditions. The parties expect that the proposed transaction will be completed in Q1 2023.
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OMQS | Hot Stocks08:46 EDT Omniq named total solution partner for enterprise asset intelligence company - OMNIQ Corp. announced that the company has been named a Total Solution Partner for one of the Largest Global Companies in Enterprise Asset Intelligence. OMNIQ's comprehensive offering will be utilized for manufacturing, fulfilment and distribution solutions. The company, together with their partner allows for quick decision making with easy-to-use robotics management software delivering a fully automated warehouse.
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JAGX | Hot Stocks08:44 EDT EMA grants ODD to Jaguar Health for crofelemer to treat MVID - Jaguar Health and Napo Therapeutics, the Italian corporation established by Jaguar Health in Italy in 2021 that focuses on development and commercialization of crofelemer in orphan and rare diseases, thus expanding access to crofelemer to patients in Europe, announced that the European Commission has adopted the decision to grant Orphan Drug Designation, ODD for crofelemer for the indication of microvillus inclusion disease or MVID , a rare congenital diarrheal disorder CDD condition, in the European Union following review of the ODD application Napo Therapeutics submitted to the European Medicines Agency EMA in May 2022. "This is a very welcome development for crofelemer, a new molecular entity that has been granted two orphan designations by the EMA in less than one year, as crofelemer received ODD for short bowel syndrome rom the EMA in December 2021," said Massimo Mineo, CEO of Napo Therapeutics. "The recognition of ODD in Europe for crofelemer for MVID is a key Napo Therapeutics milestone under the company's exclusive crofelemer license agreement with Jaguar, and receipt of this new ODD supports some specific regulatory pathways for this serious form of CDD, which remains a significant unmet medical need, especially in pediatric patients."
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JAGX | Hot Stocks08:43 EDT Jaguar Health announces Orphan Drug Designation from EMA for corfelemer - Jaguar Health and Napo Therapeutics announced that the European Commission has adopted the decision to grant Orphan Drug Designation for crofelemer for the indication of microvillus inclusion disease, a rare congenital diarrheal disorder condition, in the European Union following review of the ODD application Napo Therapeutics submitted to the European Medicines Agency in May 2022.
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FLNT TRU | Hot Stocks08:42 EDT Fluent data now available in TransUnion's TruAudience data marketplace - Fluent (FLNT) announced its comprehensive set of audience segments will be available via TransUnion's (TRU) TruAudience Data Marketplace. The partnership connects Fluent's database of 280 million US consumer profiles to TransUnion's three-dimensional view of identity - covering people, homes, and devices delivering scale across 80 million US-connected households. "As the consumer journey becomes increasingly fragmented and expectations around ad relevance continue to increase, now more than ever advertisers need reliable, privacy-compliant data to improve their audience targeting," said Brian Hogan, President of Data Solutions at Fluent. "We're proud to partner with TransUnion to make our 100% declared and opted-in data easily accessible to advertisers to enhance their omnichannel marketing initiatives and drive better business outcomes." The TruAudience Data Marketplace is an end-to-end solution for executing high fidelity streaming and omnichannel campaigns with consistency and scale.
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BAC | Hot Stocks08:42 EDT Bank of America card delinquencies remain below pre-pandemic levels, says CEO
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KULR | Hot Stocks08:41 EDT KULR Technology returns to Indianapolis 500 wth Andretti Autosport - KULR Technology Group announced Marco Andretti, the third-generation NTT INDYCAR SERIES driver from the legendary Andretti Family, will represent KULR at various events and engagements, including the upcoming Equip Exposition, and by driving the No. 98 KULR Technology Honda for the 2023 Indianapolis 500.
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NTWK | Hot Stocks08:41 EDT NetSol Technologies announces EMBank goes live with Flex - NETSOL Technologies has announced that European Merchant Bank has signed up for and gone live with Flex - NETSOL's latest product offering. Flex is an instant cloud-based calculation engine for out-of-the-box integration into an organization's products, services and ecosystem. The agreement for this sign-up and go-live covers the deployment of the calculation engine for the bank's operations in Lithuania, Eastern Europe. "I am extremely pleased to announce this signing-up, and subsequently, immediate access of Flex for the client," said Kamran Khalid, Chief Product Officer at NETSOL Technologies. "While EMBank operates as a digital bank, their sales personnel provided pricing quotations to their customers which differed on their core systems. This is where our pure-play SaaS product comes in, with its ability to ensure a seamless and superior user experience and the cloud-based solution's penny-accurate calculations at all stages of the contract lifecycle and through various calculation types," he added. "The product is a one-stop solution which can be implemented over multiple systems, essentially removing the difference in pricing quotations provided since the same calculation engine is being used on many systems." "With an onboarding time of a mere 5 minutes and availability through flexible, subscription-based pricing, the client's pricing reconciliation issues were instantly resolved," he also stated. "This enables the bank's sales personnel to now provide numbers which will automatically match the core system results. Flex accelerates growth by increasing delivery efficiency and product management, centralization through a connected ecosystem resulting in higher ROI and a larger market share."
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SPTN WHR | Hot Stocks08:40 EDT SpartanNash names Masiar Tayebi to EVP, Chief Strategy and Information Officer - Food solutions company SpartanNash (SPTN) announced the promotion of Masiar Tayebi to Executive Vice President, Chief Strategy and Information Officer. Tayebi was hired in April 2021 as EVP, Chief Strategy Officer. Masiar Tayebi "SpartanNash is more focused than ever on being the most customer-focused, innovative food solutions company," said SpartanNash CEO Tony Sarsam. "Our innovation through technology goes hand-in-hand with the overall strategy of the Company, making Masiar a natural leader for the IT function moving forward. He brings more than two decades of experience connecting strategy, technology, innovation and execution to drive growth and transformational change." Prior to SpartanNash, Tayebi served as Global Head of Corporate Strategy and Business Development at Whirlpool Corporation (WHR). In that role, he was responsible for strategy and acquisitions, including Yummly, a leading technology food platform offering online grocery delivery. After acquiring Yummly in 2017, Masiar served as Chief Operating Officer at Yummly, executing Whirlpool's innovation growth strategy and tripling users to 23M.
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ENOB | Hot Stocks08:39 EDT Enochian Biosciences awarded U.S. patent for oncology platform - Enochian BioSciences announced that it was awarded a U.S. patent for its proprietary cancer treatment platform that could potentially be used to induce life-long remission from some of the world's deadliest solid tumors. In addition, Dr. Anahid Jewett, professor and director of tumor immunology laboratory at UCLA performed key proof-of-concept preclinical animal and laboratory studies of the Company's product candidate to treat pancreatic cancer in humanized mice model of hu-BLT that have yielded positive and promising results. Additional IND-enabling studies are in progress. If results remain positive, the Company believes it will potentially submit a Pre-IND application to the FDA by early- to mid-2023, followed by IND submission and human trials planned for the end of 2023 or early 2024. The Company hopes to expand its oncology treatment platform to product candidates that could include triple-negative breast cancer, glioblastoma, and/or renal cell carcinoma. "We are incredibly excited to have been awarded this patent for Enochian's allogeneic cell and gene therapy cancer treatment platform, especially following promising early study results," said Enochian's CEO Dr. Mark Dybul. "This technology could be transformative for oncology and for treating some of the world's deadliest cancers, including pancreatic cancer, which has a five-year survival rate of just five to ten percent. Because there are few therapeutic options, we hope to pursue Fast-Track designation to potentially help accelerated access for persons with pancreatic cancer. We are fully committed to continued research and development of this platform as rapidly as possible as our lead product candidate."
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ONFO | Hot Stocks08:39 EDT Onfolio completes acquisition of Proofread Anywhere - Onfolio Holdings announced the completion of its acquisition of Proofread Anywhere and its related assets from BCP Media, pursuant to an agreement entered into on October 13, 2022. The transaction closed the following day, October 14, 2022. Launched in 2014, Proofread Anywhere provides extensive online resources in the form of courses, workshops, and blog posts for readers looking to train and become professional proofreaders. The curriculum helps users spot common errors, catch grammatical mistakes, and in turn, improve their proofreading skills and launch new careers. The business also sells digital books covering several topics such as writing skills and freelancer taxation, and generates revenue through its courses, workshops, and eBook sales, each sold individually and in bundles. Proofread Anywhere reported approximately $1.38 million of adjusted EBITDA in 2021.
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BAC | Hot Stocks08:39 EDT BofA's wealth unit opened record number of accounts in Q3, says CEO
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TIVC | Hot Stocks08:38 EDT Tivic Health to acquire Reliefband product line for $33.5M - Tivic Health announced it has entered into a definitive agreement to acquire the Reliefband product line for nausea treatment and all related assets from Reliefband Technologies. Reliefband has been an innovator in wearable, FDA-cleared electronic therapeutics for treatment of nausea and vomiting. Reliefband has multiple products available both over-the-counter and by prescription. Consideration to be provided by Tivic consists of up to $33.5M, of which up to $1.5 million can be paid, at the election of Tivic, in restricted common stock of Tivic. Consideration is subject to working capital adjustments, less Reliefband transaction expenses and any indebtedness of Reliefband at closing. The transaction is expected to be consummated in the fourth quarter of 2022 or first quarter of 2023 after the satisfaction of certain customary closing conditions, including but not limited to securing the financing necessary to pay the purchase price.
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REFR | Hot Stocks08:37 EDT Vision Systems demonstrates use of SPD-SmartGlass products - Vision Systems, a Gauzy company and licensee of SPD-Smart light control technology developer Research Frontiers will demonstrate the extensive use of SPD-SmartGlass products for the transportation industry at the NBAA-BACE show in Orlando. At the October 18-20 NBAA aerospace show, Vision Systems will be highlighting many of their projects using SPD-SmartGlass at Booth #3488. These projects include 17 aerospace programs, 9 marine programs, 9 specialty vehicle programs, 3 railway programs, and 3 recreational vehicle programs.
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SEMR... | Hot Stocks08:37 EDT Semrush appoints David Mason as general counsel and secretary - Semrush ( SEMR), a leading online visibility management SaaS platform, announced the appointment of David Mason as General Counsel and Secretary. With more than 20 years of experience as an accomplished entrepreneurial and legal executive, Mason will oversee the company's global legal operations and offer strategic legal and business growth support. Prior to joining Semrush, Mason served as General Counsel of EverQuote (EVER), a leading online insurance marketplace, where he oversaw all company legal matters, managed cross-functional transactional teams, and advised its Board on shareholder and corporate governance matters. He also played an instrumental role in providing legal guidance on SEC and public company matters as well as commercial and M&A transactions. Mason previously served as Deputy General Counsel at KAYAK where he oversaw legal matters related to corporate governance, commercial transactions, international expansion, marketing content, and human resources. He also represented KAYAK in its $1.8B acquisition by Booking Holdings (BKNG) and managed KAYAK's initial public offering.
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RBLX | Hot Stocks08:36 EDT Roblox reports September DAUs 57.8M, up 23% - Roblox released certain key metrics for the month of September. Daily active users, or DAUs, were 57.8M, up 23% year-over-year. Hours engaged were 4B, up 16% year-over-year. Estimated bookings were between $212M and $219M, up 11%-15% year-over-year. Estimated average bookings per daily active user were between $3.67 and $3.79, down 7%-10% year-over-year. Estimated revenue was between $171M and $180M, which represents a year-over-year change of down 2% to up 3%.
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BAC | Hot Stocks08:35 EDT Bank of America adapting to new higher capital requirements, says CEO - Comments taken from Q3 earnings conference call.
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EDBL | Hot Stocks08:35 EDT Edible Garden announces appointment of Pawlowski to board of directors - Edible Garden announced the appointment of Deborah Pawlowski to the Edible Garden Board of Directors, effective October 14, 2022. Pawlowski has been appointed to the Audit Committee, Compensation Committee, and Nominating and Governance Committee of the Board and has been appointed as Chair of the Compensation Committee. Pawlowski brings more than thirty years of experience in investor relations, capital markets, marketing, strategic planning, leadership coaching and management. For over 20 years, she has served as the Founder, Chairman and CEO of KEI Advisors, an investor relations and business advisory firm.
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CLS VLEEY | Hot Stocks08:35 EDT Celestica appoints Francoise Colpron to board of directors - Celestica (CLS) announce the appointment of Francoise Colpron to its Board of Directors effective October 1, 2022. She most recently served as Group President, North America of Valeo (VLEEY), a global automotive supplier listed on the Paris Stock Exchange, where she was responsible for the activities of the Group in the United States, Mexico and Canada.
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CSCW | Hot Stocks08:35 EDT Color Star Technology's metaverse platform adopted by Thailand's Grand Siri REIT - Color Star Technology announced a new strategic cooperation with Thai real estate company Grand Siri. Grand Siri will join the company's ColorWorld Metaverse platform, where Grand Siri will set up a metaverse headquarter and promote its brand with the help of the platform. In the future, Grand Siri will list its real estate projects in the metaverse to meet global housing demands. Users will be able to view and purchase properties online. The two companies will be focused on the topics of online real estate sales, user conversion and diversion, corporate brand enhancement, etc.
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MA | Hot Stocks08:34 EDT MasterCard introduces Crypto Source program - MasterCard introduced Crypto Source, a new program to enable financial institutions to bring secure crypto trading capabilities and services to their customers. In partnership with regulated and licensed crypto custody providers, Mastercard's financial institution partners will gain access to a comprehensive suite of buy, hold and sell services for select crypto assets, augmented with proven identity, cyber, security and advisory services. This Crypto Source offering is complemented by Mastercard Crypto Secure to bring additional security to the crypto ecosystem and support card issuers in their compliance with complex regulations.
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PNT | Hot Stocks08:34 EDT Point Biopharma publishes preclinical data for actinium-labelled PNT2001 - POINT Biopharma Global announced the publication of promising new pre-clinical data from the Company's next-generation radioligand therapy program for prostate cancer, PNT2001. "We are entering an exciting stage in POINT's prostate cancer franchise," said Joe McCann, Ph.D., Chief Executive Officer of POINT Biopharma. "Our PNT2001 actinium-225 program exemplifies our team's deep expertise in the rapid development of new and innovative radioligands. And while we are advancing the next generation of PSMA-targeted radioligand therapy, we are simultaneously continuing our pre-commercial planning for our lead asset, PNT2002, by evaluating the most capital efficient approaches to commercialization including resourcing of internal commercial capabilities and exploring strategic commercial partnership options." PNT2001 builds on POINT's first-generation, lutetium-based program with a next-generation ligand optimized for use with the alpha-emitting radioisotope actinium-225. The new PNT2001 data were shared in E-poster #039, "Development and characterization of a next-generation 225Ac-PMSA radioligand", at the 35th Annual Congress of the European Association of Nuclear Medicine, currently taking place in Barcelona, Spain. In pre-clinical models, 225Ac-PNT2001 demonstrated: Increased internalization by tumor cells in vitro, compared to that of a first-generation ligand; More precise tumor targeting in vivo, leading to a promising safety profile in murine models; Compelling therapeutic activity, including suppression of tumor growth and metastases, along with improved survival, following the administration of a single dose in mice. These pre-clinical findings support the advancement of 225Ac-PNT2001 to clinical evaluation.
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NERV | Hot Stocks08:32 EDT Minerva recieves refusal to file letter from FDA for roluperidone NDA - Minerva Neurosciences announced that the company has received a refusal to file letter from the U.S. Food and Drug Administration regarding the company's New Drug Application for roluperidone for the treatment of negative symptoms in patients with schizophrenia. The FDA has indicated that the company can request a Type A meeting to discuss the content of the refusal to file letter. "We are disappointed that the FDA has not accepted our NDA for roluperidone. Our goal remains to provide a new and much needed therapeutic option to help patients and their families, since there are currently no approved therapies to treat negative symptoms of schizophrenia in the United States," said Remy Luthringer, Executive Chairman and CEO of Minerva. "The company intends to request a Type A meeting and looks forward to continued discussions with the FDA."
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ENTA | Hot Stocks08:32 EDT Enanta doses first subject in Phase 1 study of EDP-323 - Enanta Pharmaceuticals earlier announced that it has dosed the first subject in its Phase 1 clinical trial of EDP-323, a novel, oral L-protein inhibitor in development for the treatment of respiratory syncytial virus, or RSV. This randomized, double-blind, placebo-controlled, first-in-human Phase 1 study will enroll approximately 80 healthy subjects ranging in age from 18 to 65 years old to evaluate the safety, tolerability and pharmacokinetics of EDP-323 with a single-ascending dose phase, including a two-part food-effect cohort, and a multiple-ascending dose phase. All SAD and MAD cohorts will enroll eight participants who will be randomized to receive EDP-323 or placebo in a 3:1 ratio. The SAD/FE cohort will enroll 10 subjects randomized in a 4:1 ratio. "This first-in-human study of EDP-323, our selective, direct-acting antiviral specifically targeting the RSV L-protein, is an important milestone for Enanta as we mark the continued expansion of our clinical RSV portfolio. Compelling preclinical data show that EDP-323 potently blocks RSV replication and pathology across all RSV genotypes positioning EDP-323 as a potentially best-in-class potent oral antiviral treatment for RSV. EDP-323 could be used as a monotherapy or in combination with other RSV mechanisms, such as EDP-938, to broaden the addressable patient populations or treatment windows. As we continue to build upon our leadership in the RSV space, we believe having two unique mechanisms to treat the virus could potentially provide additional benefit to patients," said Scott Rottinghaus, M.D., Senior Vice President and Chief Medical Officer of Enanta.
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ERNA | Hot Stocks08:32 EDT Eterna completes name change, enters agreement with Exacis - Eterna Therapeutics (ERNA) announced it has entered into an option agreement with Exacis Biotherapeutics granting Eterna the right to negotiate an exclusive, worldwide license to develop and commercialize up to four iPS cell-derived natural killer cell and/or T cell programs for hematologic malignancies and solid tumors. "Exacis' preclinical data, presented earlier this year at the 25th Annual Meeting of the American Society of Gene and Cell Therapy, provide compelling evidence that its iNK and iT cells exhibit the characteristics needed for the development of next-generation off-the-shelf iPS cell therapies for the treatment of cancer," said Matt Angel, Ph.D., Interim Chief Executive Officer of Eterna. Under the agreement, Eterna and Exacis have until December 31, 2022 to negotiate and execute a license agreement.
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MSA | Hot Stocks08:32 EDT MSA Safety appoints Lee McChesney as CFO - MSA Safety has named Lee McChesney as Senior VP and CFO. McChesney previously served as VP, Corporate Finance and CFO for Stanley Black & Decker's operating unit, Global Tools and Storage. McChesney joined The Stanley Works in 1999. He also served as the finance integration leader for The Stanley Works and Black & Decker merger in 2010. In his role with MSA, McChesney succeeds interim CFO Jonathan Buck, who will resume his responsibilities as Chief Accounting Officer.
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NEPT | Hot Stocks08:32 EDT Neptune Wellness announces binding agreement for divestiture of cannabis assets - Neptune Wellness Solutions announced that is has entered into a binding agreement to divest its cannabis business which includes the cannabis plant in Sherbrooke, Quebec, the Mood Ring and PanHash brands, and related assets. The company has reached an agreement with PurCann Pharma, a subsidiary of Groupe SiliCycle, a Quebec based company with over 27 years of experience with extracting and purifying active ingredients from natural biomass, to purchase Neptune's cannabis assets for C$5.15M to be paid in cash. Neptune intends to use the net proceeds from the sale of these assets to for working capital and other general corporate purposes. As part of the Transaction, the company has received an opinion from its financial advisor, Stifel GMP, that the consideration to be received by the company as part of the Transaction is fair, from a financial point of view. The Transaction is expected to close on or before November 15, upon completion of standard closing requirements.
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OLLI PLCE | Hot Stocks08:29 EDT Ollie's Bargain Outlet appoints Rob Helm as CFO - Ollie's Bargain Outlet Holdings (OLLI) announced the hiring of Rob Helm to the position of SVP and CFO, effective immediately. Rob will report to John Swygert, President and CEO, and will lead the Accounting, Financial Planning and Analysis, Financial Reporting and Compliance, and Investor Relations teams. Rob joins Ollie's from The Children's Place (PLCE), where he most recently served as CFO.
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NERV | Hot Stocks08:25 EDT Minerva trading halted, news pending
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AAWW BA | Hot Stocks08:21 EDT Titan Aircraft Investments, ASL Aviation announce long-term dry lease agreement - Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, announced the placement of a Boeing (BA) 737-800SF converted freighter on long-term dry lease with ASL Aviation Holdings. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings (AAWW), will manage the aircraft. "We are honored that ASL has placed its trust in Titan and we look forward to growing our new partnership in the future," said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.
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FEXD | Hot Stocks08:20 EDT Fintech Ecosystem board extends deadline to complete business combination - Fintech Ecosystem Development Corp. announced that its board of directors has elected to extend the date by which FEXD has to consummate a business combination from October 21, 2022 to January 21, 2022, as permitted under FEXD's Amended and Restated Certificate of Incorporation. In connection with the Extension, FEXD'S sponsor, Revofast LLC, has notified FEXD that it intends to deposit an aggregate of $1,150,000 into FEXD's trust account on or before October 21, 2022. The Extension will provide FEXD with additional time to complete its proposed business combination with fintech companies Rana Financial and Mobitech International LLC
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PYPL | Hot Stocks08:20 EDT PayPal announces 'PayPal Rewards,' a new unified rewards program - PayPal announced the introduction of PayPal Rewards, a new unified rewards program that gives customers an easy way to shop, earn, track, save, and redeem rewards and offers all in one place - their PayPal app. PayPal Rewards connects PayPal's merchant offers, cash back savings, and shopping products into one experience. PayPal Rewards provides a ubiquitous rewards program, where consumers can earn PayPal Rewards points and save money through cash back and discounts at participating retailers. PayPal Rewards will build upon the nearly $200M PayPal consumers have already saved this year so far through PayPal Honey-enabled cash back and discounts. With the introduction of PayPal Rewards, Honey Gold will become PayPal Rewards points. Customers will have the option to set up or link to an existing PayPal account and start benefiting from this new integrated experience with more ways to redeem their rewards points.
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NMTR | Hot Stocks08:19 EDT 9 Meters Biopharma announces 1-for-20 reverse stock split - 9 Meters Biopharma announced that it will be executing a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-20. The reverse stock split will become effective at 5:00 p.m. Eastern Time on October 17, 2022. 9 Meters common stock will begin trading on a split-adjusted basis commencing upon market open on October 18, 2022, under the Company's existing trading symbol "NMTR". The reverse stock split was previously approved by 9 Meters stockholders at the annual meeting of stockholders held on June 22, 2022, with the final ratio determined by the Company's Board of Directors. The reverse stock split is intended to bring the Company into compliance with Nasdaq's minimum bid price requirement. The new CUSIP number following the reverse stock split will be 654405208. As a result of the reverse split, every 20 shares of 9 Meters common stock will be automatically combined into one share of 9 Meters common stock. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity, except for minor changes due to the treatment of fractional shares as described below. The reverse split will reduce the number of shares of common stock issued and outstanding from 259,107,380 to approximately 12,955,369.
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BOXD | Hot Stocks08:16 EDT Boxed expands Boxed Market to Westchester County, NY - Boxed announced it is expanding Boxed Market, its rapid delivery of fresh groceries business. Boxed Market has just opened a new fulfillment center in Elmsford, NY, to serve customers in Westchester County. In December of 2021, Boxed acquired MaxDelivery, one of the first on-demand grocery delivery services to provide New Yorkers a broad assortment of groceries to their door in under one hour. The 18 year-old business, loved by customers because of its "no product substitutions" approach, was rebranded as Boxed Market earlier this year. The new fulfillment center in Westchester County is larger than the existing Manhattan location, as Boxed Market has been steadily growing its selection and offerings to meet customer demand.
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INFN | Hot Stocks08:16 EDT Infinera's ICE6 technology selected by Angola Cables - Infinera announced that Angola Cables selected Infinera's ICE6 technology to upgrade its subsea network connecting Miami and Sao Paulo, adding more capacity to support its enterprise, Tier 1 operator, and global content provider customers. The upgrade to Infinera's 800G coherent solution enables Angola Cables to prepare its network to meet continuously growing bandwidth demands by delivering secure, high-capacity services. Infinera's ICE6 solution enables Angola Cables to maximize the value of its subsea cables by leveraging unique features, including highly granular baud rate configuration, industry-leading long-codeword probabilistic constellation shaping, and Nyquist subcarriers. "Infinera's ICE6 technology will enable Angola Cables to lay the necessary foundation to upgrade all segments of their cable system to meet the needs of their customers today and in the future," said Nick Walden, Senior Vice President of Worldwide Sales at Infinera. "We are delighted to work with their team on this upcoming deployment and provide a seamless upgrade to their existing network.
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RUM | Hot Stocks08:15 EDT Rumble releases app notifications for iOS, Android - Rumble announced that the company has launched notifications for the company's iOS and Android applications. The new feature will allow creators to notify their subscribers instantly about livestreams. As a result, creators will be able to grow their audiences, drive engagement on their content and ultimately generate more earnings. You can download the Rumble iOS app and Android app is each of the respective stores.
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NMTR | Hot Stocks08:14 EDT 9 Meters Biopharma will be executing a 1-for-20 reverse stock split - 9 Meters Biopharma announced that it will be executing a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-20. The reverse stock split will become effective at 5:00 p.m. Eastern Time on October 17. 9 Meters common stock will begin trading on a split-adjusted basis commencing upon market open on October 18, 2022, under the Company's existing trading symbol "NMTR".
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POWW | Hot Stocks08:13 EDT AMMO planned launch of proprietary eCommerce payment - AMMO announces it is scheduled to launch its proprietary eCommerce payment processing platform on or about January 1, 2023. In targeting the acquisition of the GunBroker.com family of companies and world class Marketplace in 2021, one of the many identified leveraging and enhancement opportunities the Board and management identified was the ability to bring in-house a more streamlined and efficient proprietary payment processing system which would serve two critically important purposes: substantially improve the Marketplace experience for buyers and sellers alike, and; drive substantial additional revenue, and more importantly, net income to the Company's bottom line through the orderly contract compliant transition away from and ultimate elimination of unnecessary and costly 3rd party processing relationships such as BitRail in the first two calendar quarters of 2023. The Company is pleased to announce it has targeted the launch of this new service for January 1, 2023. In partnership with a premier gateway accessing the major credit card issuers in real time, GunBroker.com' proprietary ecommerce payment processing suite will allow the Company to control all transactional payment processing elements of the buying and selling of products offered on the GunBroker.com Marketplace. The new service will include secure identification and fraud security tools, invoicing, and valuable loyalty programs that support sellers to help them grow their business with data analytics and marketing support we don't see available within the market.
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CRNC | Hot Stocks08:11 EDT Cerence, Renault sign agreement to create next-gen humanized co-pilot - Cerence and Renault Group announced they have signed a multi-year agreement to build the automaker's next-generation co-pilot. Cerence and Renault have teamed to significantly enhance the in-car experience through human-like interaction with the vehicle, creating an in-car companion that proactively guides the customer by teaching, explaining, suggesting, and simplifying features. The offering, based on Cerence Assistant, is expected to appear in the next generation of Renault vehicles. A preview of the full multichannel experience will be seen on the Renault booth during the Paris Motor Show from October 17 to 23, 2022. "Renault has a legacy of excellence, one that is on full display here as it builds the company's next-generation in-car assistant," said Stefan Ortmanns, CEO, Cerence. "With Cerence Assistant and our extensive portfolio of AI technologies at the core, this new Renault offering will enable a safer, more enjoyable, more productive journey for all Renault drivers."
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JETMF | Hot Stocks08:10 EDT Global Crossing Airlines enters Phase 2 for certification of GlobalX-Colombia - Global Crossing Airlines Group announced the start of Phase 2 of the Colombia AOC Certification Process by GlobalX-Colombia. Initial approval from the Colombian CAA to start the formal certification was received in June of this year. GlobalX-Colombia is a 100% owned subsidiary of GlobalX and is led by Roberto Held, former CFO of Avianca and now a senior advisor to GlobalX who will become CEO of the subsidiary upon final certification. In the coming weeks GlobalX-Colombia will be submitting all Flight Operations, and Maintenance/Technical Manuals for Phase 2 for review by the Colombian Civil Aviation Authority. The certification process is being led in Bogota by a team of experts and advisors with these matters. Final AOC approval is expected by the end of Q1 2023 when GlobalX will assign A321 freighters from its US operation to the Colombian AOC.
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MSGS MSGE | Hot Stocks08:11 EDT MSG Sports, MSG Entertainment announce marketing partnership with HUB - Madison Square Garden Sports (MSGS), Madison Square Garden Entertainment (MSGE) and HUB International announced a signature marketing partnership making HUB an official partner of the New York Knicks, New York Rangers, Madison Square Garden Arena, and the Montefiore Concert Series at Madison Square Garden. HUB will also become the presenting partner of College Hoops at The Garden. The integrated marketing partnership involves exposure through a variety of channels for HUB, including becoming the entitlement partner for the HUB Loft, a members-only, private suite experience that is open for events hosted at MSG. In addition, HUB will receive premium brand exposure through the Knicks and Rangers digital content channels, prominent in-game and in-arena signage such as the visitors team bench/penalty box at Rangers games and in-bowl seating at Knicks games, integration on MSG Network game broadcasts, as well a consistent brand presence throughout College Basketball games at The Garden.
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DOW | Hot Stocks08:10 EDT Dow Inc. to accelerate sustainability targets the company set in 2020 - Dow Inc. announced it will accelerate the sustainability targets the company set in 2020 by expanding its Stop the Waste target to a Transform the Waste target. By 2030, Dow will transform plastic waste and other forms of alternative feedstock to commercialize 3M metric tons of circular and renewable solutions annually. To do this, Dow will expand its efforts to stop the waste by building industrial ecosystems to collect, reuse or recycle waste and expand its portfolio to meet rapidly growing demand. It is expected that the waste required to produce 3M metric tons of circular and renewable solutions per year by 2030 will surpass and replace Dow's original 1M metric ton goal.
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DARE | Hot Stocks08:10 EDT Dare Bioscience announces efficacy results from DARE-HRT1 part 1/2 study - Dare Bioscience announced positive topline efficacy results from its Phase 1 / 2 clinical trial of DARE-HRT1. DARE HT is used to treat the vasomotor symptoms and genitourinary syndrome associated with menopause. DARE-HRT1 has the potential to be the first FDA-approved product to offer vaginal delivery of combination bio-identical estradiol and bio-identical progesterone hormone therapy in a convenient monthly format. The topline data from the study demonstrated improvement in both VMS as well as vaginal symptoms of menopause. The North American Menopause Society's guidance on hormone therapy states that dosing estrogen and progestogen in combination may offer important benefits to women, and NAMS observed that non-oral routes of administration may offer advantages over orally administered therapies. Data from a prior randomized, open-label, three-arm, parallel group Phase 1 study that evaluated the pharmacokinetics of DARE-HRT1 in approximately 30 healthy, post-menopausal women with intact uteri demonstrated that DARE-HRT1 successfully delivered both estradiol and progesterone over the 28-day evaluation period.
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GRCL | Hot Stocks08:09 EDT Gracell doses first patients in Phase 2 trial of leukemia candidate GC007g - Gracell announced that the first patient has been dosed in the Phase 2 portion of its registrational Phase 1/2 clinical trial evaluating GC007g for the treatment of Relapsed/Refractory B-cell Acute Lymphoblastic Leukemia - r/r B-ALL - being conducted in China. GC007g is Gracell's allogeneic, human leukocyte antigen-matched, donor-derived, CD19-directed CAR-T cell therapy candidate under development for the treatment of a subset of B-ALL patients who relapsed after allogeneic human stem cell transplant. Data from the Phase 1 trial showed encouraging efficacy and a favorable safety profile. The registrational Phase 2 trial is being conducted in China and will further assess the safety and efficacy of GC007g in r/r B-ALL patients at the recommended Phase 2 dose.
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ONFO | Hot Stocks08:09 EDT Onfolio completes acquisition of SEOButler - Onfolio Holdings announced the completion of the Company's previously announced acquisition of all the outstanding shares of SEOButler, Inc., pursuant to an agreement entered into on October 7, 2022. SEOButler provides extensive products within the SEO niche including content, guest posting, social signals, and citations. SEOButler strives to be an innovator in the industry providing quality products and exceptional customer service at every part of the buying journey. In 2020, SEOButler built and deployed a custom-built Order Management System, designed to make the content creation process highly scalable while eliminating the bottlenecks that could otherwise impede the growth of a productized service business that relies primarily on human writers and editors. SEOButler reported $268 thousand of adjusted EBITDA in 2021.
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BRN | Hot Stocks08:08 EDT Barnwell Industries adopts Tax Benefits Preservation Plan - Barnwell Industries announced that its Board of Directors has adopted a Tax Benefits Preservation Plan designed to protect the availability of the Company's existing net operating loss carryforwards and certain other tax attributes. The Company has generated substantial Tax Benefits, which could potentially be used in certain circumstances to reduce its future income tax obligations. Utilization of these NOLs and other Tax Benefits depends on many factors, including the Company's future taxable income. Additionally, the Company's ability to use its Tax Benefits would be substantially limited if it were to experience an "ownership change," as defined under Section 382 of the Internal Revenue Code of 1986, as amended. In general, a corporation would experience an ownership change if the percentage of the corporation's stock owned by one or more "5% stockholders," as defined under Section 382, were to increase by more than 50 percentage points over their lowest ownership percentage within a rolling three-year period. The purpose of the Tax Plan is to reduce the likelihood that the Company will experience an ownership change under Section 382, which would limit the Company's future use of its Tax Benefits and, in turn, significantly impair the value of such Tax Benefits. Absent the adoption of the Tax Plan, the Company would be at a greater risk of experiencing an ownership change under Section 382 in the future as a result of certain changes in its investor base and subsequent shifts in its stock ownership that cannot be predicted or controlled. If the Company were to undergo an ownership change, limitations would be placed on the Company's ability to utilize the Tax Benefits in future years in which it has taxable income, and the Company would pay more taxes than if it were able to utilize the Tax Benefits fully. This could result in a negative impact on the Company's financial position, results of operations, and cash flows. The Tax Plan is designed to preserve the Tax Benefits by reducing the risk of an ownership change under Section 382. The Tax Plan adopted by the Board is similar to plans adopted by other publicly held companies with substantial Tax Benefits and has a limited duration of three years. The Tax Plan is not designed to prevent any action that the Board determines to be in the best interest of the Company and its stockholders. To implement the Tax Plan, the Board declared a dividend of one right for each outstanding share of the Company's common stock. The Rights will be issued to stockholders of record at the close of business on October 27, 2022 pursuant to the Tax Plan. The Rights will be exercisable if a person or group of persons acquires 4.95% or more of the Company's common stock. The Rights will also be exercisable if a person or group of persons that already owns 4.95% or more of the Company's common stock acquires an additional share other than as a result of a dividend or a stock split. Existing stockholders that beneficially own in excess of 4.95% of the Company's common stock will be "grandfathered in" at their current ownership level. If the Rights become exercisable, all holders of Rights, other than the person or group of persons triggering the Rights, will be entitled to purchase shares of the Company's common stock at a 50% discount. Rights held by the person or group of persons triggering the Rights will become void and will not be exercisable. The Tax Plan also includes an exchange option. At any time after any person or group of persons acquires 4.95% or more of the Company's common stock, but less than 50% or more of the outstanding shares of the Company's common stock, the Board, at its option, may exchange the Rights, in whole or in part, at an exchange ratio of three shares of the Company's common stock per outstanding Right. The Rights will trade with the Company's common stock and will expire at the close of business on October 17, 2025. The Rights will expire under other circumstances as described in the Tax Plan, including on the date set by the Board following a determination that the Tax Plan is no longer necessary or desirable for the preservation of the Tax Benefits or no significant Tax Benefits are available to be carried forward or are otherwise available. The Board may terminate the Tax Plan prior to the time the Rights are triggered or may redeem the Rights prior to the Distribution Date, as defined in the Tax Plan.
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SLDB | Hot Stocks08:08 EDT Solid Biosciences reports additional preclinical data on capsid AAV-SLB101 - Solid Biosciences presented additional data characterizing AAV-SLB101, a novel adeno-associated virus vector designed for improved transduction efficiency and biodistribution to muscle cells. AAV-SLB101 is the capsid used in SGT-003, Solid's next-generation gene therapy for Duchenne. The data were presented in a poster at the European Society of Gene and Cell Therapy 29th Congress, in Edinburgh, Scotland, October 11-14. In studies in wild-type mice, the mdx mouse model of Duchenne, and non-human primates AAV-SLB101 demonstrated superior transduction efficiency compared with AAV9. In DMDmdx mice, biodistribution of AAV-SLB101 to the quadriceps was significantly increased and biodistribution to liver and brain was decreased compared with AAV9. In DMDmdx mice, microdystrophin protein expression by western blot and immunofluorescence was also significantly higher with AAV-SLB101 compared with AAV9. In NHPs, AAV-SLB101 demonstrated increased biodistribution , reporter gene expression, and luciferase activity in skeletal muscle and reduced biodistribution, luciferase activity, and luciferase activity in liver compared with AAV9. Solid also presented new SGT-003 non-clinical data which reinforced previous comparative analyses that have demonstrated increased microdystrophin expression using the novel muscle-tropic capsid AAV-SLB101 compared to AAV9. Across multiple in vivo mdx mouse studies, muscle tissues collected 28 days post-dosing from animals treated with SGT-003 manufactured using a transient-transfection based process showed approximately 2- to 3-fold higher levels of microdystrophin protein, as measured by western blot, compared to animals treated at equivalent doses with SGT-001 manufactured using an HSV based process. The company expects to submit an investigational new drug application for SGT-003 in mid-2023 and, subject to IND clearance, initiate patient dosing in late-2023. Solid also presented data from a small in vitro chemical screen in which six agents significantly increased AAV9 transduction by greater than two-fold in dystrophin-deficient mouse myotubes. The studies also showed that agents from different drug classes may be combined to achieve a greater than additive increase in transduction.
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SIVB | Hot Stocks08:06 EDT SVB Financial hires Laura Cushing as Chief Human Resources Officer - SVB Financial appointed Laura Cushing as Chief Human Resources Officer. Cushing succeeds Chris Edmonds-Waters who held the CHRO position since 2007 and is transitioning into an executive coaching role for the company. Cushing joins SVB from diversified holding company Loews Corporation, where she served as CHRO since 2016. Prior to Loews, Cushing spent more than 20 years in senior leadership positions at JPMorgan Chase & Co., including Head of Talent Management & Organizational Development for Chase.
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RVNC | Hot Stocks08:06 EDT Revance appoints David Hollander, M.D as Chief Medical Officer - Revance Therapeutics announced the appointment of David A. Hollander, M.D., M.B.A., as Chief Medical Officer to lead clinical development, data science, medical affairs, scientific innovation, pharmacovigilance and regulatory affairs. "David joins Revance at an exciting time, as we turn our sights towards aesthetics commercial launch, international regulatory strategy, and the advancement of our therapeutics opportunity and biosimilar to Botox program," said Dustin S. Sjuts, President of Revance. "With his proven leadership and extensive background and experience leading global clinical development, regulatory strategies and product life-cycle management, David will augment our capabilities in these areas to support our growth in the years ahead."
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FENC | Hot Stocks08:05 EDT Fennec announces commercial availability of PEDMARK in U.S. - Fennec Pharmaceuticals announced the U.S. commercial launch and availability of PEDMARK to reduce the risk of ototoxicity associated with cisplatin in pediatric patients one month of age and older with localized, non-metastatic solid tumors. "We are proud to announce that PEDMARK is now available to pediatric patients and their physicians who are in need of options to help reduce the risk of cisplatin-induced hearing loss," said Rosty Raykov, chief executive officer of Fennec Pharmaceuticals. "Children who get platinum-based chemotherapy, such as cisplatin, are at risk for permanent hearing loss, a condition that previously could only be managed with cochlear implants and hearing aids. PEDMARK provides the first and only FDA-approved treatment specifically designed to help protect hearing in children and young adults after receiving cisplatin. We look forward to engaging with healthcare providers and supporting patient access to this breakthrough therapy with our assistance program, Fennec HEARS." The Company has established Fennec HEARS, a comprehensive single source program designed to connect PEDMARK patients to both patient financial and product access support. The program offers assistance and resources, regardless of insurance type, that can address co-pays or lack of coverage when certain eligibility requirements are met. PEDMARK was approved by the U.S. Food and Drug Administration in September 2022 based upon safety and efficacy data from two pivotal open-label, randomized Phase 3 trials, which compared PEDMARK plus cisplatin-based regimen to cisplatin-based regimens alone for the reduction of cisplatin-induced hearing loss in pediatric patients. The Marketing Authorization Application for sodium thiosulfate is currently under evaluation by the European Medicines Agency. Prior to its approval in the U.S., the FDA granted PEDMARK Priority Review designation in 2020 and Orphan Drug designation in 2004.
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ALR | Hot Stocks08:04 EDT Alerislife appoints Philip Benjamson COO effective October 17 - AlerisLife announced that Philip Benjamson has been appointed as a Senior Vice President and Chief Operating Officer, effective October 17. Mr. Benjamson has over 25 years of leadership experience in the senior living, hospitality and multifamily industries, and most recently served as Vice President of Senior Housing Operations for Trinity Health Senior Communities. Previously, Mr. Benjamson was the Chief Operating Officer at Resort Lifestyle Communities from 2018 to 2021 and the Chief Operating Officer at Blake Management Group from 2016 to 2018.
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RUM | Hot Stocks08:04 EDT Rumble Ad Center releases beta version of pre-roll video ads - Rumbleannounced that the company has launched a beta version of pre-roll video ads on the Rumble Advertising Center. In addition to display ad formats currently available on the Rumble Advertising Center, pre-roll video ads allow advertisers a new way to access Rumble traffic directly and create pre-roll video campaigns. For creators, combining display and video ads on the Rumble Advertising Center will translate into growing CPMs and payouts on the platform, which they will begin seeing on their Rumble dashboards.
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GOEV | Hot Stocks08:03 EDT Canoo announces binding order for 9,300 EVs from Kingbee - Canoo has announced a binding order for 9,300 American-made electric vehicles from Kingbee, a national work-ready van rental provider, with an option to increase to 18,600 vehicles. Kingbee will upfit, wrap and deliver Canoo vehicles as work-ready fleets solutions for enterprise and small & medium sized business customers across the U.S.
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AOUT | Hot Stocks08:03 EDT American Outdoor Brands files patent, trademark infringement complaint - American Outdoor Brands filed a complaint on September 23 against Good Sportsman Marketing, or GSM, alleging that GSM's use of the Leadsled, Tackdriver, and Dead Shot marks constitute trademark counterfeiting and trademark infringement as well as alleging that GSM is infringing American Outdoor Brands' patent rights incorporated in the Lead Sled shooting rest through GSM's sale of the Alpha Shooting Rest. The complaint was filed in Delaware federal court and seeks injunctive relief and monetary damages. Birchwood Casey, a division of GSM, began selling a Lead Sled weight bag, Tackdriver rest bag, and a Deadshot shooting rest bag without the permission or authorization of American Outdoor Brands. American Outdoor Brands registered these trademarks with the USPTO over 14 years ago. Birchwood Casey's products are not authorized by, or affiliated with American Outdoor Brands. American Outdoor Brands is seeking an order requiring GSM to withdraw these products from the market, among other relief.
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DAWN | Hot Stocks08:02 EDT Day One Biopharmaceuticals announces CRADA with NCI for tovorafenib - Day One Biopharmaceuticals announced that it has entered into a Cooperative Research and Development Agreement, CRADA, with the National Cancer Institute's, NCI, Division of Cancer Treatment and Diagnosis, Cancer Therapy Evaluation Program, CTEP, to expand therapeutic research opportunities using tovorafenib. Under the terms of the CRADA, NCI investigators will have the opportunity to study tovorafenib in CTEP-sponsored trials to be conducted by NCI funded extramural clinical networks in several solid tumor and hematologic cancers based upon encouraging anti-tumor activity observed in previous studies. "Our CRADA with the NCI's CTEP reinforces our strategy to maximize the extensive clinical potential of tovorafenib in a variety of RAF-altered cancer indications beyond pLGG and our other internal development efforts," said Samuel Blackman, M.D., Ph.D., co-founder and chief medical officer of Day One. "We believe this collaboration will help build upon the current development plans for tovorafenib in pediatric and adult cancers and expand the body of evidence for tovorafenib's clinical profile, including its potential utility in multiple cancer types with MAPK alterations, which could represent indications we may choose to pursue in the future."
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KOP | Hot Stocks08:01 EDT Koppers Holdings to acquire Gross & Janes Co., terms not disclosed - Koppers Holdings announced that Koppers Inc., a wholly-owned subsidiary of Koppers Holdings, has signed a definitive agreement to acquire substantially all of the assets of Gross & Janes Co. for an undisclosed amount. The transaction is expected to close within the next thirty days, subject to customary closing conditions. Gross & Janes, headquartered in Kirkwood, Missouri, is the largest independent supplier of untreated railroad crossties in North America, with operations in Williamsville, Missouri, and Camden, Arkansas.
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ABMD | Hot Stocks08:00 EDT Abiomed grants FDA clearance to Abiomed for Impella Low Profile Sheath - The FDA has granted 510(k) clearance to Abiomed for its Impella Low Profile Sheath. Compared to the existing 14 French sheath used for placement of Impella CP, the new sheath maintains the same inner diameter, but reduces the outer diameter by nearly 2 French. As a result of its smaller size and other technological advancements, the Low Profile Sheath will facilitate easier Impella insertion and removal, reduce procedural steps and help improve outcomes.
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AZ | Hot Stocks07:59 EDT A2Z Smart Technologies announces withdrawal of short form base shelf prospectus - A2Z Smart Technologies announces that it has decided to voluntarily withdraw the amended and restated preliminary short form base shelf prospectus of the Company that was filed on July 26, 2022, due to among, other things, market conditions.
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BKYI | Hot Stocks07:58 EDT BIO-key says auto group selects PortalGuard IDaaS platform - BIO-key International announced that a large auto group in the Southwestern US, which supports multiple dealerships, has selected its PortalGuard IDaaS platform to protect its critical corporate data. PortalGuard will enable the auto group to meet its cybersecurity compliance requirements related to the Federal Trade Commission's Safeguards Rule that mandates the protection of consumer financial information, strengthen access security with multi-factor authentication, and improve user satisfaction and productivity by eliminating password fatigue.
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VEV | Hot Stocks07:41 EDT Vicinity Motor announces $100M+ purchase order for 1K electric trucks - Vicinity Motor announced the receipt of a purchase order for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group - Vicinity's exclusive dealer in the province of British Columbia, Canada. Per the terms of the PO, which exceeds US$100M in revenue, Vicinity is to deliver a minimum of 1,000 VMC Class 3 Electric Trucks by the end of 2023. Deliveries under the PO are expected to commence this month.
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GILD MGNX | Hot Stocks07:40 EDT Gilead, MacroGenics announce MGD024 option and collaboration agreement - Gilead (GILD) and MacroGenics (MGNX) announced an exclusive option and collaboration agreement to develop MGD024, an investigational, bispecific antibody that binds CD123 and CD3 using MacroGenics' DART platform, and two additional bispecific research programs. The collaboration agreement grants Gilead the option to license MGD024, a potential treatment for certain blood cancers, including acute myeloid leukemia, or AML, and myelodysplastic syndromes, or MDS. As part of the agreement, Gilead will pay MacroGenics an upfront payment of $60M and MacroGenics will be eligible to receive up to $1.7B in target nomination, option fees, and development, regulatory and commercial milestones. MacroGenics will also be eligible to receive tiered, double-digit royalties on worldwide net sales of MGD024 and a flat royalty on worldwide net sales of products under the two research programs.
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VEV | Hot Stocks07:40 EDT Vicinity Motor seceures over $100M purchase order for VMC 1200 Electric Trucks - Vicinity Motor announced the receipt of a purchase order for 1,000 VMC 1200 Class 3 Electric Trucks from Pioneer Auto Group - Vicinity's exclusive dealer in the province of British Columbia, Canada. Per the terms of the PO, which exceeds $100 million in revenue, Vicinity is to deliver a minimum of 1,000 VMC Class 3 Electric Trucks by the end of 2023. Deliveries under the PO are expected to commence this month.
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BP LFG | Hot Stocks07:39 EDT BP confirms plans to acquire Archaea Energy for $26.00 per share, or EV $4.1B - BP (BP) announced that it has agreed to acquire Archaea Energy (LFG). The agreed acquisition, which is subject to regulatory and Archaea shareholder approval, will be for $3.3B in cash, as well as around $800M of net debt. Bioenergy is one of five strategic transition growth engines that bp intends to grow rapidly through this decade. BP expects investment into its transition growth businesses to reach more than 40% of its total annual capital expenditure by 2025, aiming to grow this to around 50% by 2030. Post integration, BP expects the transaction to be accretive to both its earnings per share and free cash flow per share.
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JENGQ | Hot Stocks07:39 EDT Just Energy intends to proceed with Stalking Horse Transaction - Just Energy Group announced that the previously announced sales and investment solicitation process has concluded and the previously announced transaction contemplated by the stalking horse transaction agreement entered into on August 4, 2022 among Just Energy and the lenders under the Company's debtor-in-possession financing facility, one of their affiliates and the holder of certain assigned secured claims was the successful bid pursuant to the SISP. No bids meeting the criteria prescribed by the SISP were submitted by the deadline of October 13, 2022. Just Energy and certain of its affiliates intend to file a motion in their proceedings under the Companies' Creditors Arrangement Act before the Ontario Superior Court of Justice for an Order that, among other things, approves the transactions provided for under the Stalking Horse Transaction Agreement, which is described further below. The Just Energy Entities also intend to seek recognition in the U.S. of the Vesting Order in their Chapter 15 case in the Bankruptcy Court of the Southern District of Texas, Houston Division on December 1, 2022. Subject to the granting of the Vesting Order at the motion scheduled for November 2, 2022 and the satisfaction or waiver of the other conditions to closing, upon the closing of the Stalking Horse Transaction, the Stalking Horse Purchaser will own all of the outstanding equity of Just Energy Corp., which will be the new parent company of all of the Just Energy Entities including the Company, and the Just Energy Entities will continue their business and operations as a going concern. All currently outstanding shares, options and other equity of Just Energy will be cancelled or redeemed for no consideration and without any vote or other action of the existing shareholders. Key terms of the Stalking Horse Transaction include: the purchase price payable pursuant to the Stalking Horse Transaction is cash in the amount of approximately US$184.9 million, plus up to an additional C$10 million solely in the event that additional amounts are required to make applicable payments pursuant to the Stalking Horse Transaction Agreement; plus a credit bid of approximately US$230 million plus accrued interest of secured claims assigned to the Stalking Horse Purchaser; plus the assumption of Assumed Liabilities, including up to CAD$10 million owing under the Company's first lien credit facility that may remain outstanding under an amended and restated credit agreement. applicable post-filing claims, the Credit Facility Remaining Debt, claims by energy regulators, and certain other liabilities enumerated in the Stalking Horse Transaction Agreement will continue to be liabilities of the Just Energy Entities following consummation of the Stalking Horse Transaction. excluded liabilities and excluded assets of the Just Energy Entities will be discharged from the Just Energy Entities pursuant to the Vesting Order. The consummation of the Stalking Horse Transaction is subject to satisfaction or waiver of a number of conditions precedent set forth in the Stalking Horse Transaction Agreement including, among other things, receipt of all required regulatory approvals, the Court granting the Vesting Order and the recognition of such Vesting Order by the U.S. Court. The outside date for completion of the Stalking Horse Transaction is December 14, 2022, subject to extension in certain circumstances set forth in the Stalking Horse Transaction Agreement. Under the Stalking Horse Transaction, no amounts will be available for distribution to the Just Energy Entities' general unsecured creditors, including the holders of Just Energy's USD $205.9 million term loan and the holders of Just Energy's 7.0% subordinated notes due September 15, 2026, unless expressly classified as "Assumed Liabilities" pursuant to the Stalking Horse Transaction Agreement. Liabilities that will not be retained, including the Term Loan and the Notes, will be transferred to newly formed corporations, along with excluded assets, under the Stalking Horse Transaction Agreement. The Company expects that there will not be any recoveries available from the ResidualCos. Just Energy will be requesting that the Court order that no meeting of the shareholders or other holders of equity claims in the Just Energy Entities is required in respect of the transactions and accordingly, there is no requirement to send any disclosure document related to the transaction to such holders. Implementation of the Stalking Horse Transaction is subject to a condition that Just Energy and the other Just Energy Entities will have ceased to be a reporting issuer under any Canadian or U.S. securities laws, and that no Just Energy Entity will become a reporting issuer under any Canadian or U.S. securities laws as a result of completion of the transaction. In connection with the completion of the Stalking Horse Transaction, the Company intends to: apply for an order from Canadian securities administrators that it will cease to be a reporting issuer under Canadian securities laws immediately prior to the effective date of the transaction; and file to suspend its reporting obligations under U.S. securities laws. Additionally, the Company intends to submit an application to de-list its common shares from trading on the NEX on or before the closing of the Stalking Horse Transaction. The Company's common shares are also quoted on the OTC Pink Sheets. Concurrent with the delisting from the NEX, the Company expects that the common shares will be delisted from OTC Pink Sheets.
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GDOT | Hot Stocks07:39 EDT Green Dot announces George Gresham appointed CEO and president - Green Dot announced that George Gresham, who has served as Green Dot's Chief Financial and Operating Officer and as a member of the Board of Directors since October 2021, has been appointed as Chief Executive Officer and President, effective as of October 14. Mr. Gresham succeeds Dan R. Henry, who was terminated as Chief Executive Officer and President of Green Dot and resigned as a member of Green Dot's Board of Directors, effective the same date. Mr. Gresham will continue to serve as a member of the Board.
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PSX | Hot Stocks07:38 EDT Phillips 66 announces installation of FreeWire EV chargers in Houston - Phillips 66 announced the installation of FreeWire ultrafast electric-vehicle chargers at its flagship fuel station near its headquarters in Houston, marking the debut of ultrafast EV charging at a convenience fuel station in the city. Phillips 66 and FreeWire unveiled plans earlier this year to deploy FreeWire's ultrafast, battery-integrated technology to meet the growing demand from EV drivers for high-speed, on-the-go charging. Phillips 66 will leverage its network of approximately 7,000 Phillips 66, Conoco and 76 branded U.S. sites and other strategic locations. The chargers are the first commissioned FreeWire chargers in Texas.
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TRP | Hot Stocks07:37 EDT TC Energy, 3 Rivers Energy partners to develop renewable natural gas production - TC Energy announced a $29.3M investment in a renewable natural gas production facility near the Jack Daniel Distillery in Lynchburg, TN. Owned by Lynchburg Renewable Fuels, the facility will produce RNG with a carbon intensity score that is 50 per cent lower than traditional natural gas, saving up to 16,000 tonnes of CO2e/ year. The project is being developed by 3 Rivers Energy Partners, also an owner in Lynchburg Renewable Fuels. Once operational in 2024, a byproduct of the Jack Daniel's distilling process will be broken down to generate methane gases recovered as biogas. A biogas upgrade plant will remove contaminants to produce pipeline-quality RNG that will be directly connected to a local natural gas utility. Liquid fertilizer will also be produced in the process, processed, stored and distributed to meet local agriculture demand. "This investment is our first in the production of renewable natural gas," said Corey Hessen, TC Energy Executive Vice-President and President, Power & Energy Solutions. "The production of RNG onsite at the Jack Daniel Distillery offers TC Energy one more opportunity to meet the challenge of growing energy needs and reducing emissions while providing customers with access to an affordable, reliable source of energy." TC Energy will market 100 per cent of the RNG production and environmental attributes, which include renewable identification numbers and low carbon fuel standards.
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TPB | Hot Stocks07:36 EDT Turning Point Brands sees FY22 adjusted EBITDA $96M-$99M - The company also updated its FY22 outlook ahead of its regularly scheduled conference call, which is scheduled for Wednesday, October 26. The company said, "For the full-year 2022, the Company now expects: Zig-Zag Products sales of $186 to $191 million (compared to previous outlook of $193 to $200 million). Stoker's Products sales of $128 to $132 million (compared to previous outlook of $127 to $133 million). Consolidated adjusted EBITDA of $96 to $99 million (compared to previous outlook of $97 to $103 million)."
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VMAR | Hot Stocks07:35 EDT Vision Marine Technologies partners with Nautical Ventures Group - Vision Marine Technologies has formed a partnership with Nautical Ventures Group as its sole and exclusive distributor of a fully recyclable rotomolded plastic boat for the state of Florida, and a non-exclusive distributor dealership agreement for the United States. This agreement includes Nautical Ventures' agreement to purchase a minimum of 50 Phantoms in the first year with a retail value of $1.5 million. Vision Marine's quest to innovate and decrease emissions by using recyclable materials has brought to market a new disruptive product: a fully recyclable plastic boat called The Phantom.
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PTN | Hot Stocks07:35 EDT Palatin's Vyleesi shows efficacy in published study on sexual desire disorder - Palatin announced the publication of a third-party clinical study with bremelanotide - Vyleesi - in the Journal of Clinical Investigation. Vyleesi is the first and only as-needed treatment approved by the FDA for premenopausal women with HSDD. The findings in the crossover study showed that bremelanotide enhanced sexual brain processing, including a significant increase in sexual desire for up to 24 hours after administration compared with placebo. Increased satiety and decreased food intake with bremelanotide treatment was also noted. This is the first trial to study the effects of melanocortin 4 receptor agonism with bremelanotide on sexual brain processing in women with HSDD. This was an investigator-sponsored study funded by AMAG Pharmaceuticals and the Medical Research Council and National Institute for Health Research of the U.K. Vyleesi is licensed to Fosun Pharma in China and Kwangdong Pharmaceuticals in South Korea.
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AMST | Hot Stocks07:35 EDT Amesite releases case study on partner EWIE Group of Companies - Amesite released a case study on their partner, EWIE Group of Companies, highlighting successful results of their training and upskilling initiatives for nearly 1,000 employees in 10 countries. In Partnership with Amesite, EGC's expert training professionals were able to onboard over 50 courses in just 4 days. Less than a quarter after courses began, employee scores were 91%, against a target of 70% for passing.
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NGM | Hot Stocks07:34 EDT NGM Biopharmaceuticals announces results from CATALINA Phase 2 trial of NGM621 - NGM Biopharmaceuticals announced topline efficacy and safety results from its randomized, double-masked, sham-controlled CATALINA Phase 2 trial of NGM621 in patients with geographic atrophy secondary to age-related macular degeneration. NGM621 is a humanized immunoglobulin G1 monoclonal antibody designed to inhibit activity of complement component 3. Over 52 weeks of treatment, NGM621 administered every four weeks and every eight weeks via intravitreal injection demonstrated a reduction in the rate of change in GA lesion area of 6.3% and 6.5%, respectively, compared to sham, which did not reach statistical significance in either arm. NGM621 demonstrated a favorable safety profile, with no evidence of increased choroidal neovascularization conversions and numerically fewer cases of CNV in NGM621-treated patients compared to sham. In addition, there were no drug-related serious adverse events. "We're disappointed that the CATALINA study did not meet its primary endpoint, particularly given the significant unmet medical need of patients impacted by GA," said David Woodhouse, Ph.D., Chief Executive Officer at NGM Bio. "We continue to evaluate various pre-specified secondary endpoints and post-hoc analyses. We expect these additional findings, as well as the absence of treatment-related CNV conversion and the overall clean safety profile NGM621 showed in CATALINA, to provide important information regarding the treatment of patients with GA."
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CC | Hot Stocks07:33 EDT Chemours begins operation of Trail Ridge South mineral sand mine in Florida - The Chemours nvited key community stakeholders and legislators to a ribbon cutting event on October 14 to officially recognize the startup of its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93M investment that will create approximately 50 new jobs in the three-county area. The over 30-acre project to expand its mining operations will allow Chemours-the only domestic producer of titanium and zirconium minerals and one of only two domestic producers of rare earth minerals-to have additional access to these high-quality concentrated deposits used to produce Chemours' Ti-Pure(TM) brand of titanium dioxide (TiO2). "A reliable supply of quality ilmenite and other minerals is critical to our ability to serve customers. Sourcing those resources from a community we're already so deeply connected to makes it even better-it's a win-win," said Mark Smith, Vice President of Operations for Chemours Titanium Technologies. "We're incredibly proud to call Clay County home and look forward to many years of safe operations and partnership."
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TPB | Hot Stocks07:32 EDT Turning Point Brands CEO Yavor Efremov resigns, Graham Purdy succeeds - Turning Point Brands announced the appointment of long-tenured company executive Graham Purdy as CEO and board director, effective as of October 16, following Yavor Efremov's resignation as CEO and director. Additionally, David Glazek will transition from non-executive to executive board chairman, effective January 2023. Purdy will lead TPB's strategy, execution, and operations, with a particular focus on growing and maximizing the value of the company's portfolio of iconic and emerging brands. Prior to his appointment as CEO, Purdy served as COO since 2019.
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BIIB | Hot Stocks07:32 EDT Biogen announces FDA's 3-month expansion of review filing for NDA for tofersen - Biogen announced that the U.S. Food and Drug Administration, FDA, has extended the review period of the new drug application, NDA, for tofersen by three months. Tofersen is an investigational treatment for superoxide dismutase 1 amyotrophic lateral sclerosis. The updated Prescription Drug User Fee Act, PDUFA, goal date is April 25, 2023. As part of the ongoing review, Biogen submitted responses to information requests by the FDA which the FDA considered a Major Amendment to the application that will require additional time for review. "We are committed to providing any details the agency needs to complete the review of tofersen," said Priya Singhal, M.D., M.P.H., Head of Global Safety and Regulatory Sciences and Interim Head of R&D at Biogen. "As the review continues, Biogen will maintain the early access program for tofersen."
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SMLP | Hot Stocks07:32 EDT Summit Midstream announces bolt-on acquisitions in the DJ Basin - Summit Midstream Partners announced that its wholly owned subsidiary, Summit Midstream Holdings, has entered into definitive agreements with Outrigger Energy II LLC to acquire Outrigger DJ Midstream LLC and with Sterling Investment Holdings LLC to acquire, Sterling Energy Investments LLC, Grasslands Energy Marketing LLC and Centennial Water Pipelines LLC, which own natural gas gathering and processing systems, a crude oil gathering system, freshwater rights, and a subsurface freshwater delivery system in the DJ Basin for cash consideration of $305M, subject to customary transaction adjustments. The Outrigger DJ and Sterling DJ consolidated asset portfolio is located in Weld, Morgan, and Logan Counties, Colorado and Cheyenne County, Nebraska. The transactions are expected to close during the fourth quarter of 2022, subject to customary regulatory approvals. The company said, "Given the attractive acquisition multiple of approximately 4.0x projected 2023 EBITDA, we believe these transactions create tremendous equity value for our unitholders while enhancing Summit's overall credit metrics and ability to de-lever the balance sheet over the next several years. The transactions received strong support from our existing commercial bank lenders and bondholders enabling us to finance the acquisitions through the combined $115 million of previously announced divestiture proceeds, borrowings under our credit facility, and an oversubscribed, fully committed, new issuance of $85 million of 8.5% Senior Secured Second Lien Notes due 2026. While we are still several months away from providing formal 2023 guidance, we believe the combination of the previously announced projected 2023 Adjusted EBITDA growth associated with Summit's existing businesses and the $70 million to $80 million of Adjusted EBITDA projected from the Outrigger DJ and Sterling DJ systems next year will result in Summit's consolidated EBITDA exceeding $300 million in 2023 and lowering leverage to approximately 4.25x by year end. Furthermore, if the expected level of 2023 new well connect activity from Summit's current assets and the Outrigger DJ and Sterling DJ systems persist into 2024, we believe we are well positioned to achieve our sub-3.5x leverage target in 2024."
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EVO AMGN | Hot Stocks07:32 EDT Evotec, TIAP expand LAB150 BRIDGE partnership to include Amgen - Evotec (EVO) and Toronto Innovation Acceleration Partners announced that the two companies have expanded LAB150, their translational BRIDGE partnership, to include Amgen (AMGN) as a strategic partner. The expansion goes along with a combined investment of $14M to expedite LAB150 programmes towards the formation of new companies. LAB150 was created by Evotec and TIAP in 2017 to accelerate Toronto's academic research into market-ready products. The expanded agreement builds upon existing partnerships between Evotec, TIAP, and Amgen to support the development of disruptive therapeutics by TIAP's member base and draws upon Evotec's industrialised drug discovery platforms. Amgen will provide financial support for chosen LAB150 projects along with significant mentorship from their drug discovery and development teams. In addition, Amgen Ventures will evaluate LAB150-derived companies for venture investment. These combined efforts will amplify the efficiency and translational potential of academic research to develop Canadian intellectual property, novel therapies, and accelerate commercialisation by Canada's next generation of life science companies.
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LASE | Hot Stocks07:29 EDT Laser Photonics says Detroit Diesel implements CleanTech system in facilities - Laser Photonics announced that Detroit Diesel recently completed the implementation of its first CleanTech Laser Cleaning Robot system in its manufacturing facilities.
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PSN TPC | Hot Stocks07:28 EDT Parsons selecte for New American Legion Bridge I-270 Traffic Relief Plan - Parsons Corporation (PSN) announced that the company will serve as lead designer and subconsultant to the construction joint venture led by Tutor Perini Corporation (TPC) that has been selected by Accelerate Maryland Partners to design and construct Phase 1 South of the New American Legion Bridge I-270 Traffic Relief Plan. This contract represents new work for Parsons. The Maryland Department of Transportation project, with an estimated value in the billions of dollars, includes replacing and expanding the American Legion Bridge and adding two new High Occupancy Toll managed lanes in each direction from south of the George Washington Memorial Parkway in Fairfax County, Virginia, to west of MD 187 in Montgomery County, Maryland. On I-270, the project will convert the existing high occupancy vehicle lane in each direction to a HOT managed lane and add one new HOT managed lane in each direction on I-270 from I-495 to north of I-370, and on the I-270 east and west spurs.
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NYMT | Hot Stocks07:26 EDT New York Mortgage reports book value per share $3.62-$3.66 at Sept. 30 - New York Mortgage Trust announced preliminary estimates of select financial information as of and for the quarter ended September 30, 2022 in light of sustained market volatility. Book value per common share. Book value per common share at September 30, 2022 was estimated to be between $3.62 and $3.66 compared to $4.06 per common share at June 30, 2022. Undepreciated book value per common share. Undepreciated book value per common share at September 30, 2022 was estimated to be between $3.86 and $3.90 compared to $4.24 per common share at June 30, 2022. Company recourse leverage ratio and portfolio recourse leverage ratio. Company recourse leverage ratio was estimated to be 0.5x and portfolio recourse leverage ratio was estimated to be 0.4x as of September 30, 2022. Liquidity position. The Company has maintained a strong liquidity position, with $336 million of available cash and $586 million of unencumbered residential loans, investment securities and mezzanine lending investments as of September 30, 2022. Cash dividend. As previously announced on September 16, 2022, the Company declared a third quarter 2022 common stock cash dividend of $0.10 per share, payable on October 26, 2022 to holders of record as of September 26, 2022. Stock repurchase program. The Company repurchased 5.5 million shares of its common stock at an average repurchase price of $2.62 per share during the quarter ended September 30, 2022.
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APGOF | Hot Stocks07:24 EDT Apollo Silver says drilling at Calico Silver Project well underway - Apollo Silver is pleased to announce that drilling at the Calico Silver Project is well underway, and 13 reverse circulation drill holes have been completed as part of Phase 2 of the 2022 drill program. The Phase 2 Drill Program is one component of the multi-component 2022 Calico Technical Program that aims to upgrade and expand the Company's Inferred Mineral Resource Estimate of 166 million ounces of silver contained in 58.1 million tonnes at an average grade of 89 grams per tonne. Additionally, Apollo has commenced initial groundwater assessment work, which is designed to assess groundwater quality, depth, and well pumping capacity. The program will utilize existing wells and will involve the addition of a new monitoring well on its Waterloo Property which was recently permitted by the County of San Bernardino. "Phase 2 of the 2022 drill program is progressing on schedule and on budget," Apollo CEO Tom Peregoodoff commented. "The commencement of the groundwater monitoring program is an important milestone as we advance the Calico Project. Understanding the nature and availability of groundwater in the Calico Project area will be a critical component of our strategy to secure water resources required to support future development. As has been our previous experience with obtaining permits for the drill program, we received the permit to drill a new water well in a very timely fashion from the County of San Bernardino."
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EVO AMGN | Hot Stocks07:21 EDT Evotec, TIAP expand LAB150 BRIDGE partnership to expand Amgen - Evotec (EVO) and Toronto Innovation Acceleration Partners, or TIAP, announced that the two companies have expanded LAB150, their translational BRIDGE partnership, to include Amgen (AMGN) as a strategic partner. The expansion goes along with a combined investment of $14M to expedite LAB150 programs towards the formation of new companies. LAB150 was created by Evotec and TIAP in 2017 to accelerate Toronto's academic research into market-ready products. The expanded agreement builds upon existing partnerships between Evotec, TIAP, and Amgen to support the development of disruptive therapeutics by TIAP's member base and draws upon Evotec's industrialized drug discovery platforms. Amgen will provide financial support for chosen LAB150 projects along with mentorship from their drug discovery and development teams. In addition, Amgen Ventures will evaluate LAB150-derived companies for venture investment. These combined efforts will amplify the efficiency and translational potential of academic research to develop Canadian intellectual property, novel therapies, and accelerate commercialization by Canada's next generation of life science companies.
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VITFF CDE | Hot Stocks07:20 EDT Victoria Gold announces gold mine update, appointment of general manager - Victoria Gold (VITFF) announces the appointment of Timothy Fisch as Vice President and General Manager for the Eagle Gold Mine. Additionally, the repair of overland conveyor, which temporarily halted ore crushing, conveying, and stacking on the heap leach facility at the Eagle Gold Mine, has been completed, and operations have resumed. Fisch most recently was a member of the project design team for Coeur Mining's (CDE) Silvertip Expansion project. As noted previously, the 1.5 kilometer overland conveyor linking the crushing plant to the heap leach facility experienced a splice failure of the conveyor belt on September 29. During belt replacement, mining, leaching, and ADR plant activities continued while crushing, conveying, and stacking operations were suspended. The replacement of the overland conveyor belt has now been completed and the conveyor is currently operating.
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EYPT | Hot Stocks07:18 EDT EyePoint reports inducment grants under NASDAQ listing rule - EyePoint Pharmaceuticals announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company's 2016 Long-Term Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4). The Company granted stock options to purchase up to an aggregate of 42,900 shares of EyePoint Pharmaceuticals common stock to twelve new employees. The stock options were granted on October 14, 2022. The grants were approved by the Compensation Committee and made as an inducement material to each employee entering into employment with EyePoint Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4).
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AOTVF | Hot Stocks07:17 EDT Ascot announces positive grade reconciliation from Big Missouri deposit - Ascot Resources announced initial positive grade reconciliation between muck samples and the block model grade from underground development 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 underground development sampling at the Big Missouri deposit, approximately six kilometres north of the past-producing Premier mill. Highlights from the grade reconciliation program include: Combined results from ore drives 1 and 2 yielded overall 9% positive grade reconciliation from muck samples compared to the resource block model; As expected, the Company encountered high variability in development round grades often associated with high-grade epithermal gold deposits; Initial results suggest good potential to increase mined grades by continuously improving external mining dilution. Derek White, President and CEO of Ascot commented, "The ability to commence underground development this year has been transformative for Ascot. Mining development rates have exceeded expectations, benefiting from good rock quality. In accessing the first stoping areas in the A Zone of the Big Missouri deposit, we continue to enhance our understanding of the mineralization at the Premier Gold Project. We are especially pleased that in our initial underground sampling, notwithstanding a high degree of variability as expected with this style of mineralization, we have had 9% positive reconciliation on gold grade compared to the block model. In addition, by continuously improving our mining selectivity, we believe the mined grades can be further improved."
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CTO | Hot Stocks07:17 EDT CTO Realty Growth announces acquisition of property in Virginia for $93.9M - CTO Realty Growth announced it has acquired West Broad Village, a 392,000 square foot mixed-use, grocery-anchored lifestyle property in the Short Pump submarket of Richmond, Virginia for a purchase price of $93.9 million. The purchase price represents a going-in cap rate above the range of the Company's current guidance for initial cash yields. "We're very pleased to be adding to our grocery-anchored asset exposure with our acquisition of West Broad Village, our first Whole Foods and REI-anchored lifestyle property," said John Albright, President and Chief Executive Officer of CTO Realty Growth. "With future leasing opportunities to drive attractive stabilized cash flows, strong supporting demographics, and Richmond's high quality of life, business friendly policies and consistent population growth, West Broad Village represents a terrific opportunity for us to invest in a dominant grocery-anchored lifestyle property with long-term upside."
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LFG BP | Hot Stocks07:17 EDT Archaea Energy to be acquired by BP for $26.00 per share - Archaea Energy (LFG) announced that it has agreed to be acquired by BP (BP) for approximately $26.00 per Archaea Class A and Class B share in cash, or a total enterprise value of approximately $4.1B, including approximately $800M of net debt. The cash consideration represents an approximately 38% premium to Archaea's volume weighted average share price for the 30 days ending October 14. Subject to regulatory approvals and Archaea shareholder approval, the parties are targeting closing the acquisition by the end of 2022. Certain existing Archaea shareholders, who collectively own approximately 27% of Archaea's outstanding shares, have agreed to vote their shares in favor of the transaction. Closing is not subject to any financing condition. Upon completion of the transaction, Archaea will operate as a subsidiary within BP and become part of the larger global organization.
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DBTX REGN | Hot Stocks07:16 EDT Decibel Therapeutics receives FDA clearance of IND for DB-OTO - Decibel Therapeutics (DBTX) announced that it has received clearance from the U.S. Food and Drug Administration, FDA, for its Investigational New Drug, IND, application to initiate a Phase 1/2 clinical trial in pediatric patients of DB-OTO, its lead gene therapy product candidate. DB-OTO is designed to provide durable hearing in individuals born with profound congenital hearing loss due to an otoferlin deficiency. DB-OTO is being developed in collaboration with Regeneron Pharmaceuticals (REGN) and is an adeno-associated virus-based, dual-vector, gene therapy product candidate. DB-OTO uses a proprietary, cell-selective promoter to express the otoferlin transgene in hair cells, with the goal of enabling the ear to transmit sound to the brain and provide hearing. DB-OTO received Orphan Drug and Rare Pediatric Disease designations from the FDA in 2021. In preclinical studies, Decibel observed that delivery of DB-OTO to the inner ear resulted in production of otoferlin protein and durable auditory brainstem responses to sound in a congenitally deaf, rodent otoferlin disease model. Preclinical studies in non-human primates demonstrated that the local delivery procedure for DB-OTO, an intra-cochlear injection using the surgical approach employed by neurotologists and pediatric otolaryngologists during a standard cochlear implantation procedure, resulted in successful distribution and expression of otoferlin protein across the cochlear length. The Phase 1/2 dose escalation clinical trial is designed to evaluate the safety, tolerability and efficacy of DB-OTO in pediatric patients with congenital hearing loss due to an otoferlin deficiency. In addition to safety and tolerability endpoints, established, clinically relevant, objective and behavioral measurements of hearing will be used as efficacy endpoints in the clinical trial. Based on discussions with the FDA during the IND review period, Decibel expects the first two participants in the U.S. portion of the Phase 1/2 trial will be as young as seven years of age and that subsequent participants will include children as young as two years of age and infants younger than two years of age.
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AGFAF | Hot Stocks07:14 EDT Agra 'hopeful' for positive outcomes from Health Canada review of cannabis - Agra Ventures announces its expectation of positive outcomes for the Canadian cannabis industry from Health Canada's current review of the Cannabis Act. The purpose of the Review is to assess the effects of the legalization of recreational cannabis on the health outcomes of Canadians. However, the Review is also assessing financial, tax, legal and regulatory matters that could be beneficial to the Canadian cannabis sector. The Review commenced on September 22, 2022, and the Minister of Health must table a report in both Houses of Parliament no later than 18 months after the start of the review. Companies in the business of licensed cannabis production, including AGRA, are hoping to benefit from the Review as it may lead to improvements in potency and packaging restrictions as well as reductions or the elimination of various tax regulations on cannabis products in Canada. Some of the major challenges faced by companies in the cannabis industry currently include the inability to operate profitably and the difficulty of navigating numerous regulations and restrictions. These difficulties, among others, could be significantly eased as a result of a positive set of changes resulting from the Review. Below is a list of five key outcomes that AGRA is optimistic will arise from the Review: Significant reduction or elimination of excise taxes; More appropriate labelling rules for other cannabinoids aside from THC and CBD, as well as for cannabis products in general; Allowing the sale of CBD products on an over-the-counter basis, similar to how they are sold in the United States; Removal of certain packaging limits, such as the 1-gram limit on the size of dried flower pre-rolls; andAllowing the promotion of cannabis use on an even playing field with alcohol and other controlled substances. The Canadian Federal Government was required by law to conduct a review of the Cannabis Act three years after the legislation was enacted to study the impact of cannabis on public health, young people and indigenous communities. However, the Review is occurring one year later than mandated. AGRA, like many players across the Canadian cannabis industry, is hopeful that a number of changes will result from the Review that will ultimately reduce the purchase and use of illicit cannabis in a significant way.
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ZNTL IDYA | Hot Stocks07:13 EDT Zentalis appoints Lackner as Chief Translational Officer - Zentalis Pharmaceuticals (ZNTL) announced the appointment of Mark Lackner, PhD, as Chief Translational Officer, Head of Biomarker Strategy. Prior to Zentalis, Dr. Lackner served as Senior Vice President, Head of Biology and Translational Sciences at IDEAYA Biosciences (IDYA), where he led biology efforts contributing to three small molecule development candidates and established a strong translational team that led to the discovery of a novel combination biomarker strategy.
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LGTO | Hot Stocks07:11 EDT Southland awarded $155M Elm Fork water treatment plant filter complex in Texas - Southland Holdings announced that a subsidiary in its Civil segment, Oscar Renda Contracting, has been awarded a $155M contract to construct a water treatment plant filter complex for the City of Dallas. The scope of work includes constructing a water filter complex, installing up to 11' diameter water pipe, and connecting to the city's existing treatment system. The water filter complex will connect to a 10' diameter tunnel Southland recently finished boring for the City of Dallas on a separate project. Construction on is expected to start by the end of 2022. "This award demonstrates our ability to provide turnkey solutions for our clients across a wide range of services. The Elm Fork water filter complex will provide additional water capacity for the City of Dallas and surrounding communities," said Frank Renda, Southland's CEO. On May 25th, 2022, Southland entered into an Agreement and Plan of Merger with publicly-traded Legato Merger Corp. II, a special purpose acquisition company .
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LIZI | Hot Stocks07:10 EDT Lizhi celebrates anniversary with 'Culture Day' live event - LIZHI celebrated its ninth anniversary, commemorating the occasion with a live broadcasting event together with all LIZHI employees around the world. LIZHI also announced the Company's latest mission statement and vision: To be the world's biggest audio platform. Using sound to make people feel closer and live happier.
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CLR | Hot Stocks07:09 EDT Continental Resources to be acquired by Hamm family for $74.28 per share - Continental Resources announced that it has entered into an agreement and plan of merger with Omega Acquisition, an Oklahoma corporation, an entity that is owned by Continental's founder, Harold Hamm. Pursuant to the merger agreement, Merger Sub will commence a tender offer to purchase any and all of the outstanding shares of Continental's common stock at $74.28 per share, other than shares of common stock owned directly or indirectly by Hamm and the Hamm family and shares of common stock underlying unvested equity awards issued pursuant to Continental's long-term incentive plans. Based on the shares outstanding as of October 12, the tender offer would be for approximately 58M shares of common stock. The offer price includes 28c in lieu of Continental's anticipated dividend for the third quarter of 2022. Accordingly, and consistent with the merger agreement, Continental will not pay dividends between the signing and closing of the transaction. As soon as practicable after the consummation of the tender offer, Merger Sub will merge with and into Continental, with Continental continuing as the surviving corporation, wholly owned by the Hamm family. Each share of common stock outstanding immediately prior to the effective time of the merger will be converted into the right to receive the offer price, without interest. The offer price represents a 15% premium to the closing price of the common stock of $64.50 as of June 13, prior to the June 14 announcement of the Hamm family's initial offer to Continental. There is no financing condition to the transaction. It is anticipated that the transaction will be financed using a combination of the company's cash on hand, borrowings under the company's existing revolving credit facility and a new term loan facility to be entered into in connection with the closing of the transaction. Hamm currently serves as chairman of Continental's board. He and the rest of the Hamm family collectively own approximately 83% of Continental's common stock. Continental's board, acting on the unanimous recommendation of a special committee consisting solely of independent and disinterested directors, has approved the merger agreement and the transactions contemplated thereby and recommended that Continental's shareholders tender their shares of common stock pursuant to the tender offer. The transaction is governed by Section 1081.H of the General Corporation Act of the State of Oklahoma and does not require a vote by the Continental's shareholders. Subject to the satisfaction of customary closing conditions, the Transaction is currently expected to close prior to December 31.
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GOLD | Hot Stocks07:09 EDT Barrick Gold, Pakistan review progress on Reko Diq project - Barrick Gold president and chief executive Mark Bristow says the process of completing the final agreements and legal steps that would enable the development of the Reko Diq project is making steady progress. Once the transaction is completed, Reko Diq, one of the largest undeveloped copper-gold deposits in the world, will be owned 50% by Barrick, 25% by Balochistan province and 25% by major Pakistani state-owned enterprises. With the approval of Pakistan president Dr Arif Alvi, the necessary documents for the Presidential Reference were filed on Saturday with the country's supreme court, a significant process milestone. "Barrick has been built on successful partnerships with our host countries, and these encompass the full range of stakeholders, from governments through suppliers to the communities around our mines," Mark Bristow says.
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RNLX | Hot Stocks07:08 EDT Renalytix to present data on KidneyIntelX testing for DKD - Renalytix announced that four scientific presentations have been accepted at the upcoming American Society of Nephrology Kidney Week taking place in Orlando, Florida. The presentations include a cost-effectiveness analysis that supports population-based KidneyIntelX testing for prognosis of early stage Diabetic Kidney Disease as a cost effective strategy for a Medicare population in comparison to standard clinical management tools to treat DKD, as well as the first clinical utility findings from the multi-year real world evidence study at a major healthcare system with an emphasis on addressing disparities in healthcare access. Scientific clinical and health economic presentations include: Prognostic Risk Score for Kidney Disease Progression in African Americans Without Type 2 Diabetes by Nadkarni GN, Takale D, Stapleton S, Fleming F, and Coca SG:Data will be presented on the KidneyIntelX platform in a cohort of African Americans with non-diabetic CKD with and without the APOL1 risk genotype. The new model with plasma sTNFR1, sTNFR2, and KIM-1 combined with clinical variables accurately risk-stratified AAs with and without APOL1 risk genotype for kidney outcomes. Thursday, November 3, 2022 from 10:00 AM to 12:00 PM at the Exhibit Hall, Orange County Convention Center. Examining the Role of KidneyIntelX in Addressing Health Inequity in CKD by Freedman BI, Paige RA, Spainhour MH, Bagwell BM, Houlihan JA, and Lord RW: The KidneyIntelX risk score was assessed for its ability to predict progressive decline in kidney function in patients with T2D and early-stage CKD in a major healthcare system. Initial results suggest that despite similar median eGFR and median UACR levels, African American patients tested with KidneyIntelX were three times more likely to be scored as high risk. It is hoped that with continued use in the setting, KidneyIntelX may allow PCPs and healthcare systems to optimize the allocation of treatments and clinical resources to those at highest risk, beyond traditional clinical metrics and potentially improve equity in outcomes. Thursday November 3, 2022 from 10:00 AM to 12:00 PM at the Exhibit Hall, Orange County Convention Center. TNFR-1, TNFR-2, and KIM-1 Plasma Concentrations after COVID-19 and Association with Kidney Function by Chan L, Anandakrishnan N, Saha A, DeFronzo S, Mosoyan, Meliambro K, G, Wisnivesky J, Nadkarni G, Stapleton S, Fleming F, Coca SG, and Azeloglu E: KidneyIntelX Biomarkers TNFR1, TNFR2, and KIM1 are associated with progression of kidney disease and these biomarkers have not been evaluated in patients who have recovered from COVID-19. In this study of patients who had COVID-19 and recovered, at the baseline visit, KIM-1, TNFR-1, and TNFR-2 levels were highest in patients who were previously hospitalized and had acute kidney injury during hospitalization. The degree of biomarker elevation was associated with lower kidney function more than one year post-COVID. Friday, November 4, 2022 from 10:00 AM to 12:00 PM at the Exhibit Hall, Orange County Convention Center. Cost-Effectiveness Analysis of a Prognostic Risk Assessment Test for Diabetic Kidney Disease G1-G3b in the United States by Cooper JT, Beltran K, Coca SG, and Schneider, JE: The KidneyIntelX risk score can assist primary care providers in guiding resource utilization, prescription of new therapeutic agents and improve efficiency of care among physicians. The results concluded that population-based testing for prognosis of progression with KidneyIntelX in a DKD G1-G3b population was a cost-effective strategy for a Medicare population including factors associated with quality of life improvements in comparison to prognosis relying on the standard metrics of kidney functio or albuminuria alone, while use of KidneyIntelX use in the commercial population was shown to be a dominant strategy compared to these standard kidney metrics alone. Saturday, November 5, 2022 from 10:00 AM to 12:00 PM at the Exhibit Hall, Orange County Convention Center.
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ENA | Hot Stocks07:07 EDT Enova doses 1st patient in EDP-323 trial to treat respiratory syncytial virus - Enanta Pharmaceuticals announced that it has dosed the first subject in its Phase 1 clinical trial of EDP-323, a novel, oral L-protein inhibitor in development for the treatment of respiratory syncytial virus RSV . "This first-in-human study of EDP-323, our selective, direct-acting antiviral specifically targeting the RSV L-protein, is an important milestone for Enanta as we mark the continued expansion of our clinical RSV portfolio. Compelling preclinical data show that EDP-323 potently blocks RSV replication and pathology across all RSV genotypes positioning EDP-323 as a potentially best-in-class potent oral antiviral treatment for RSV," said Scott T. Rottinghaus, M.D., Senior Vice President and Chief Medical Officer of Enanta Pharmaceuticals. "EDP-323 could be used as a monotherapy or in combination with other RSV mechanisms, such as EDP-938, to broaden the addressable patient populations or treatment windows. As we continue to build upon our leadership in the RSV space, we believe having two unique mechanisms to treat the virus could potentially provide additional benefit to patients."
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GRTS | Hot Stocks07:07 EDT Gritstone announces inducement grants under Nasdaq listing rule - Gritstone bio announced that the company's Board of Directors granted seven employees nonqualified stock options to purchase an aggregate of 35,100 shares of its common stock with an exercise price of $2.24, which is equal to the closing price of Gritstone's common stock on October 11, 2022, the date of the grant. These stock options are part of an inducement material to each of the new employees becoming an employee of Gritstone, in accordance with Nasdaq Listing Rule 5635(c)(4). The stock options will vest over a four-year period, with 25% of the options vesting on the first anniversary of the employees' date of hire, and 1/48th of the options vesting monthly thereafter, subject to the employees' continued employment with Gritstone on such vesting dates.
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ASH | Hot Stocks07:06 EDT Ashland launches 2021 ESG report - Ashland has "raised the bar on its business-driven environment, social, and governance, ESG, targets by demonstrating a clear link between its long-range strategic plans and detailed ESG progress," the company said. The report expands on Ashland's February 2021 commitment to develop science-based targets that are aligned with the aim of the Paris Climate Accord. "This ESG report stands alongside quarterly earnings, year-end results and long-term plans as a principal document for charting the evolution of the Ashland transformation," said Guillermo Novo, chair and chief executive officer, Ashland. "We understand and demonstrate at every level how environmental actions, social strategies and public accountability and transparency are vital to business results and the value we deliver to customers, consumers, and the communities in which we live and work. These initiatives reinforce Ashland's recent reset and provide a platform for sustainable innovations that will foster top-line growth in the transition to a low-carbon economy."
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ATHA | Hot Stocks07:05 EDT Athira Pharma says DMC recommends continuation of LIFT-AD study - Athira Pharma announced that following an unblinded interim efficacy and futility analysis, an independent data monitoring committee recommended continuation of the LIFT-AD study of fosgonimeton in patients with mild-to-moderate Alzheimer's disease. The committee also determined that, with the additional enrollment of fewer than 150 patients for a total enrollment of less than 300 patients without background therapy, the study will be well powered for the primary endpoint given the preliminary effect size observed. The primary endpoint of LIFT-AD is the Global Statistical Test, an unweighted composite score comprising measures of cognition and function. Results from the completed exploratory ACT-AD Phase 2 study showed a favorable safety profile and suggested positive effects on measures of cognition function and neurodegeneration in patients taking fosgonimeton without background therapy. Guided by these results, the Company proactively amended LIFT-AD to focus on patients not on background therapy. The unblinded interim analysis was then conducted in approximately 100 patients not on background therapy to corroborate observations from ACT-AD and ensure LIFT-AD is well powered to determine the effect of fosgonimeton on clinically meaningful and commercially relevant endpoints.
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AMYT | Hot Stocks07:04 EDT Amryt Pharma receives reimbursement approval from Dutch MoH for myalepta - Amryt announces that the Dutch Ministry of Health, MoH, has approved Myalepta for reimbursement in the Netherlands as an adjunct to diet as replacement therapy for the treatment of leptin deficiency in patients with congenital or acquired general lipodystrophy in adults and children two years of age and above. Myalepta received marketing authorisation from the European Medicines Agency in 2018. Dr Joe Wiley, CEO of Amryt Pharma, commented today: "We are very pleased to report the Dutch reimbursement of Myalepta which will now give patients in the Netherlands suffering from generalized lipodystrophy the opportunity to access Myalepta. This news represents further progress in our efforts to grow the geographic reach of our commercial products in both existing and new territories."
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LPTX | Hot Stocks07:04 EDT Leap Therapeutics enrolls first patient in study of colorectal cancer candidate - Leap Therapeutics announced that the first patient has been enrolled in the Phase 2 DeFianCe study evaluating DKN-01, Leap's anti-Dickkopf-1 antibody, in combination with standard of care bevacizumab and chemotherapy as a second-line treatment for patients with advanced colorectal cancer. The company looks forward to reporting initial data from this study in mid-2023. The DeFianCe study is a Phase 2 study of DKN-01 in combination with standard of care bevacizumab and chemotherapy in patients with advanced CRC who have received one prior systemic therapy. The primary objective is progression free survival. Secondary objectives include overall response rate, duration of response, and overall survival.
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SNX | Hot Stocks07:04 EDT TD Synnex now formally transitioned TD SYNNEX brand in Europe and Latin America - TD Synnex announced that the company has now formally transitioned to the TD SYNNEX brand in its operations in Europe and Latin America and the Caribbean LAC. The news comes after the merger between Tech Data and SYNNEX Corporation in 2021, which created an industry leader uniquely positioned to serve partners and vendors in over 100 countries with a comprehensive portfolio of products, solutions and service offerings. "This is a special moment of celebration as we launch the TD SYNNEX brand in Europe and LAC," said Rich Hume, CEO, TD SYNNEX. "In this new phase, we will double down on our commitment to delivering higher value to our ecosystem partners through our end-to-end technology portfolio and our comprehensive services offerings, all underpinned by the passion, commitment and deep knowledge of our 22,000+ co-workers around the world."
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BALY | Hot Stocks07:03 EDT Bally's signs PLA with CCBT, AFL-CIO - Bally's announced that it has signed a Multi-Project Labor Agreement with the Chicago & Cook County Building & Construction Trades Council and the AFL-CIO Building and Construction Trades Department as it relates to construction of its flagship Bally's Chicago casino.
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BAC | Hot Stocks07:03 EDT BofA added 418K net new checking accounts, 1.3M credit card accounts in Q3 - Comments taken from Q3 earnings conference call presentation slides.
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MREO | Hot Stocks07:03 EDT Mereo BioPharma receives FDA Fast Track designation for alvelestat - Mereo BioPharma Group announced that the U.S. Food and Drug Administration has granted Fast Track designation for its investigational oral neutrophil elastase inhibitor, alvelestat. Mereo intends to have an End-of-Phase 2 meeting with the FDA to discuss the design of a registration-enabling study for alvelestat as a treatment for AATD-associated lung disease, including the potential opportunity for an accelerated approval pathway, around the end of the year. In May 2022, Mereo reported positive top-line safety and efficacy data from the ASTRAEUS Phase 2 study of alvelestat in severe AATD-associated emphysema. The Company plans to provide a further update on the program on October 31, 2022. The investigator-led ATALANTa trial, which is studying alvelestat in a broader range of AATD patient populations, including those on augmentation therapy, is expected to read out in mid-2023. In addition, alvelestat is being studied in Bronchiolitis Obliterans Syndrome, a rare condition where excessive inflammation causes thickening of the airways, severely limiting lung function.
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ZYNE | Hot Stocks07:03 EDT Zynerba presents data from Phase 2 INSPIRE trial in 22q11.2 deletion syndrome - Zynerba Pharmaceuticals presented a poster at the 2022 National Organization for Rare Disorders, NORD, Rare Diseases and Orphan Products Breakthrough Summit being held October 17-18, 2022, in Washington, D.C. The poster, titled, "An Open-Label Tolerability and Efficacy Study of ZYN002 Administered as a Transdermal Gel to Children and Adolescents with 22q11.2 Deletion Syndrome," reports data from the first 14-week treatment period that suggests a positive risk-benefit profile for Zygel in improving anxiety-related and behavioral symptoms in children and adolescents with 22q11.2 deletion syndrome. Statistically significant improvements from baseline were seen in the Pediatric Anxiety Rating Scale, the total score and all five subscales of the Anxiety, Depression and Mood Scale and all five subscales of the Aberrant Behavior Checklist - Community. In addition, the majority of patients showed clinically meaningful improvements as demonstrated by the Clinical Global Impression - Improvement. Zygel was shown to be well tolerated, and the safety profile was consistent with previously released data from other Zygel clinical trials. "We are encouraged by the results from our Phase 2 INSPIRE study, where we saw statistically significant and clinically meaningful improvements from baseline in multiple efficacy assessments, including significant improvement in anxiety as measured by the clinician-rated PARS-R scale," said Armando Anido, Chairman and Chief Executive Officer of Zynerba. "We believe the Phase 2 data suggests the potential of Zygel for the treatment of anxiety and behavioral symptoms in children and adolescents with 22q, and we look forward to discussing the regulatory path forward with the FDA later this half."
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IAS | Hot Stocks07:02 EDT Integral Ad Science expands partnership with TikTok for brand safety suite - IAS added a post-bid brand safety and suitability measurement solution to its ongoing partnership with TikTok. Through an integration with the IAB Tech Lab's Open Measurement Software Development Kit, IAS provides advertisers campaign insights into brand safety and brand suitability aligned to Global Alliance for Responsible Media standards on the TikTok platform in select markets. This allows brands and agencies to monitor the quality of their media buys on TikTok, aiming to give advertisers confidence that their media investments across TikTok are appearing next to content that is brand safe and suitable. IAS' current TikTok brand safety solution provides comprehensive brand safety measurement and protection on TikTok for pre-bid ad placement in select markets.
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ACM | Hot Stocks06:56 EDT Aecom joint venture awarded water purification contract in San Diego - Aecom's joint venture with W.M. Lyles has been awarded a contract amendment by the Joint Powers Authority to support the East County Advanced Water Purification Program in San Diego, California. The program, which recently broke ground, includes a new water recycling facility, biosolids processing, an advanced water purification facility, and conveyance infrastructure, including pipelines and pumping stations. The joint venture's scope is expected to include final design, construction management, startup, and commissioning and the project is scheduled to be completed in 2026.
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WRE ELME | Hot Stocks06:50 EDT Washington REIT changes name to 'Elme Communities' - WashREIT announced that it has changed its name and rebranded as "Elme Communities," reflecting its ongoing commitment to elevating the value-living experience for its residents. The name change culminates the company's transformation into a focused multifamily company, and subsequent geographic expansion into Sunbelt markets. The company, which has also changed its legal name to Elme Communities, will continue trading on the New York Stock Exchange under its existing ticker symbol until October 20, when its new ticker symbol, "ELME," is expected to become effective.
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BAC | Hot Stocks06:48 EDT Bank of America reports Q3 FICC trading revenue ex-DVA $2.57B
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AUMN | Hot Stocks06:48 EDT Golden Minerals reports Q3 gold equivalent production of 3,103 oz - Golden Minerals reported production data from its Rodeo gold-silver mine in Mexico for Q3. Payable gold production was 2,972 oz Au, payable silver production was 11,907 oz Ag, payable gold equivalent production was 3,103 AuEq oz, average gold grade was 2.6 g/t Au. Throughput was 521 tons per day, gold recovery 74.6% and silver recovery 77.6%. Realized gold/silver prices was $1,703/oz Au and $18.72/oz Ag.
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BAC | Hot Stocks06:47 EDT BofA grew loans by 12% over last year, says CEO Moynihan - Chairman and CEO Brian Moynihan commented: "We continued to see strong organic client growth across our businesses, with increased client activity helping to drive revenue up by 8%. Our U.S. consumer clients remained resilient with strong, although slower growing, spending levels and still maintained elevated deposit amounts. Across the bank, we grew loans by 12% over the last year as we delivered the financial resources to support our clients. Our team adapted well to our new capital requirements and improved our CET1 ratio by 49 basis points to 11%, above our new regulatory minimums. I am proud of our teammates' efforts to deliver for our clients and shareholders."
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BAC | Hot Stocks06:47 EDT Bank of America reports Q3 NII up 24% to $13.8B - Reports Q3 noninterest income of $10.7B. Common equity tier 1 ratio of 11.0% increased by 49 basis points from Q2-22; paid $1.8 billion in common dividends and repurchased $450 million of common stock. Return on average common shareholders' equity ratio of 10.8%; return on average tangible common shareholders' equity ratio of 15.2%.
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GSK | Hot Stocks06:39 EDT GSK reports FDA approves Menveo in new single-vial presentation - GSK plc announced that the U.S. Food and Drug Administration has approved a new presentation of Menveo for individuals aged 10 to 55 years to help prevent invasive meningococcal disease caused by Neisseria meningitidis serogroups A, C, Y, and W. "The Menveo one-vial presentation now comes in a ready to use single vial giving healthcare providers a more convenient option. The Menveo one-vial presentation will initially be available to US federal customers, with broader availability anticipated in mid-2023. The original two-vial presentation of Menveo requiring reconstitution, was approved by the FDA in 2010 and remains available for use in individuals from two months to 55 years of age," the company stated.
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RLMD | Hot Stocks06:35 EDT Point72 Asset Management reports 7.3% passive stake in Relmada Therapeutics - Point72 Asset Management disclosed a 7.3% stake in Relmada Therapeutics, which represents over 2.10M shares. The filing does not allow for activism.
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DNN | Hot Stocks06:34 EDT Denison Mines recovers uranium bearing solution from Phoenix ISR FFT - Denison Mines announced that it has successfully recovered uranium bearing solution from the Phoenix in-situ recovery, or ISR, Feasibility Field Test underway at the company's 95% owned Wheeler River project. The leaching phase of the FFT commenced in September and preliminary results received to date have demonstrated the successful acidification of the Test Pattern and recovery of uranium through the ISR mining method. Several samples of recovered solution have been collected during the leaching phase and remain subject to full lab assay and analysis, which will generate additional detailed information about the performance of the FFT. Given the highly successful results of the FFT, lixiviant injection has ceased, and operators at the Phoenix FFT site are preparing to transition from the leaching phase of the FFT to the neutralization phase, which is expected to be completed before the end of the year. The final phase of the FFT, which involves management of the recovered solution, is expected to commence in the spring of 2023.
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SAGE BIIB | Hot Stocks06:34 EDT Sage Therapeutics and Biogen present Phase 3 zuranolone results in depression - Sage Therapeutics (SAGE) and Biogen (BIIB) presented additional data from the Phase 3 SKYLARK Study of zuranolone in adult women with postpartum depression, at the 35th European College of Neuropsychopharmacology Congress, taking place October 15-18 in Vienna. Zuranolone is an investigational therapy being evaluated as a once-daily, 14-day oral short course treatment in adults with major depressive disorder and PPD. The SKYLARK Study achieved the primary and all key secondary endpoints, with study participants demonstrating rapid and significant improvements in depressive symptoms as early as Day 3 that were sustained through Day 45. Women with PPD who were treated with zuranolone 50 mg showed a statistically significant and clinically meaningful improvement in depressive symptoms at Day 15, the primary endpoint, vs. placebo. The study population was diverse. Additional secondary endpoints showed further evidence of the potential impact of zuranolone on the reduction of other PPD related symptoms, including anxiety in these patients. Zuranolone was generally well-tolerated, with a safety profile consistent with that observed in the clinical development program to date. Sage Therapeutics and Biogen have initiated a rolling submission of a New Drug Application to the FDA for zuranolone in the treatment of MDD and PPD, and plan to complete the NDA filing in the second half of 2022.
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ESAB | Hot Stocks06:31 EDT ESAB acquires Ohio Medical for $127M in cash - ESAB announced that it has acquired Ohio Medical, a global leader in oxygen regulators and central gas systems, from a private investor group for a cash purchase price of $127M. The company also expects an additional cash tax benefit with a net present value of $15M. During the twelve months ended August 31, 2022, Ohio Medical generated over $45M of sales, gross margins above 40%, and adjusted EBITDA margins greater than 20%. The acquisition is expected to be adjusted EPS accretive to ESAB in the first year. The company financed the acquisition using cash on hand and expects its net leverage ratio to be less than 3x at the end of 2022. ESAB will provide additional information during its earnings call on Thursday, November 3.
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CANG | Hot Stocks06:12 EDT Cango announces ex-dividend date for special cash dividend - Cango announced that November 25 has been set by the NYSE as the ex-dividend date for the special cash dividend announced on October 11 according to due bill process. As previously announced, a special cash dividend of 50c per ordinary share on Cango's outstanding shares will be paid on November 23 to shareholders of record as of the close of trading on October 24. Holders of Cango's American depositary shares will need to hold their ADSs through and including the payment date, or November 23, in order to receive the dividend on their ADSs.
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WATT | Hot Stocks06:12 EDT Energous partnering with NGK Insulators for IoT wireless power networks - Energous and battery manufacturer NGK Insulators announced a partnership to develop solutions that combine Energous' WattUp technology with NGK's lithium-ion rechargeable EnerCera battery to enable maintenance-free IoT devices such as sensors and tracking devices supporting the growing IoT ecosystem. Headquartered in Nagoya, Japan, NGK developed the lithium-ion rechargeable EnerCera battery which is a new, compact, and thin energy storage device that combines the advantages of capacitors and lithium-ion batteries. This partnership will combine NGK's batteries with Energous' RF-based WattUp technology to deliver over-the-air power to recharge batteries to support maintenance-free IoT applications that do not require battery replacement or power cables.
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KBR | Hot Stocks06:09 EDT KBR awarded contract from GS Caltex - KBR announced that it has won a contract from GS Caltex for its planned plastics circularity project in South Korea. Based on KBR and Mura's Hydro-PRT process, the 50 kTA unit will convert waste plastics into raw materials for conversion into new plastics, achieving total circularity.
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ENPH | Hot Stocks06:08 EDT Enphase Energy and Creaton expand IQ battery deployments in Germany - Enphase Energy announced that Creaton, one of the leading residential roof manufacturers in Europe, is now exclusively offering Enphase IQ Batteries, following the product launch in Germany last year. Creaton, with offices and manufacturing plants located across Germany, offers a range of products for pitched roof solutions. Creaton began its collaboration with Enphase in 2020 through offering in-roof solar systems powered exclusively by Enphase IQ7 and IQ7+ Microinverters to homeowners across Germany. Creaton is now able to integrate battery installations into solar roofing projects to provide an end-to-end roofing and home energy management experience.
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MRNA | Hot Stocks06:07 EDT Moderna, Gavi agree to cancel remaining COVID-19 vaccine pending orders - Moderna and Gavi, the Vaccine Alliance, have mutually agreed to cancel remaining pending orders under the current COVID-19 vaccine supply agreement for 2022. Moderna's agreement with Gavi has led to the supply of nearly 70M doses of COVID-19 vaccines to the 92 Gavi COVAX Advance Market Commitment, or AMC, low- and middle-income countries, in addition to the company facilitating the donation of more than 100M doses to these countries. This has played a key role in ensuring that the global supply of COVID-19 vaccines is sufficient to underpin the overarching objective of supporting equitable, full vaccination of adult and adolescent populations globally. To ensure low- and middle-income countries have access to updated variant-specific COVID-19 vaccines, Gavi and Moderna will create a new framework enabling Gavi to purchase up to 100M doses in 2023 on behalf of the COVAX Facility. All doses are offered at Moderna's lowest-tiered price.
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LGO | Hot Stocks06:05 EDT Largo Inc. reports Q3 V2O5 production 2,906 tons vs. 3,260 a year ago - Largo Inc. reported Q3 V2O5 production of 2,906 tons vs. 3,260 tons in Q3 2021; lower quarterly production was due to a planned kiln and cooler refractory refurbishment and a change of mining contractor, but was in line with the company's revised production guidance. Reports Q3 record high purity V2O5 equivalent production of 962 tons, or 33% of the company's Q3 production. Reports Q3 V2O5 equivalent sales of 2,796 tons vs. 2,685 tons sold in Q3 2021; completed first high purity V2O3 sale in Europe in Q3. Average benchmark price per lb of V2O5 in Europe of $8.23, a 12% decrease from the average of $9.40 in Q3 2021; high purity vanadium demand has increased following ongoing recovery from 2020 COVID-19 impacts. Advanced construction of its ilmenite concentration plant; expects commissioning completed in Q2 2023. CEO Paulo Misk stated: "Production of V2O5 in Q3 2022 was impacted by a refractory refurbishment and a mining contractor transition, while V2O5 equivalent sales were affected by shipping delays and lower spot demand. However, despite experiencing production impacts, the Company produced 962 tonnes of high purity material in the quarter to meet increased demand from this sector. The company remains on track to meet its 2022 production and sales guidance range of 11,000 to 12,000 tons."
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MIST | Hot Stocks06:05 EDT Milestone Pharmaceuticals announces RAPID trial achieves primary endpoint - Milestone Pharmaceuticals announced topline efficacy and safety data from the Phase 3 RAPID clinical trial of etripamil, the company's investigational calcium channel blocker, in patients with paroxysmal supraventricular tachycardia, or PSVT. The multi-center, randomized, double-blind, placebo-controlled RAPID trial enrolled 706 patients across clinical sites in North America and Europe. Patients were randomized 1:1 to a nasal spray of either etripamil or placebo without medical monitoring. To maximize the potential treatment effect of etripamil, patients who did not experience symptom relief within 10 minutes were directed to self-administer a repeat dose of study drug. The RAPID trial achieved its primary endpoint, with patients taking etripamil demonstrating a highly statistically significant and clinically meaningful difference in time to PSVT conversion compared to placebo. A Kaplan Meier analysis shows a statistically significantly greater proportion of patients who took etripamil converted within thirty minutes compared to placebo. In addition, the median time to conversion for patients in RAPID who took etripamil was three times faster than for patients who took placebo. Statistically significant reductions in time to conversion in patients who took etripamil were evident early and persisted throughout the observation window of the study compared to placebo. The safety and tolerability data from the RAPID trial continue to support the potential self-use of etripamil, with findings consistent with those observed in prior trials. The most common randomized treatment emergent adverse events, or RTEAEs, adverse events, or AEs, which occurred within 24 hours of study drug administration, were related to the nasal administration site. Overall, the majority of RTEAEs were reported as mild to moderate. There were no reported serious AEs related to etripamil. To date, the Company's overall PSVT clinical program has resulted in more than 1,600 unique patient exposures of etripamil doses of 70 mg. Analyses of pooled data from the NODE-301 and RAPID trials show that etripamil treatment provided a statistically significant reduction in the use of additional medical interventions, and a statistically significant reduction in visits to the emergency department. Full results from the Phase 3 RAPID clinical trial are expected to be presented at an upcoming medical meeting and submitted to a peer-reviewed journal for publication. As previously communicated, the company believes results from the RAPID trial together with the data from the already completed NODE-301 trial could fulfill the efficacy requirement for a New Drug Application submission for etripamil in patients with PSVT. The company continues to enroll patients in the open label NODE-303 safety trial and plans to submit an NDA application in mid-2023 pending agency feedback.
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BDSX | Hot Stocks06:02 EDT Biodesix awarded U.S. Federal Supply Schedule contract - Biodesix announced the award of a U.S. Federal Supply Schedule contract which includes the Veterans Health Administration providing care for U.S. Veterans and Military Health System providing care for active-duty service members and their families. The contract covers the company's entire lung diagnostic portfolio: Nodify XL2, Nodify CDT, VeriStrat, GeneStrat ddPCR, and GeneStrat NGS testing. The U.S. Department of Veterans Affairs is the largest integrated health care system in the United States and provides care at 1,298 health care facilities, including 171 VA Medical Centers and 1,113 outpatient sites of care of varying complexity to over 9 million veterans enrolled in the VA health care program.
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CS | Hot Stocks05:57 EDT Credit Suisse reaches $495M settlement in RMBS legacy case - Credit Suisse announced that it has reached a final settlement with the New Jersey Attorney General related to its Residential Mortgage-Backed Securities business with transactions dating back to before 2008. Under the terms of the settlement, Credit Suisse will make a one-time payment of $495M to fully resolve claims tied to more than $10B of RMBS at issue, for which the NJAG had alleged over $3B in damages in a litigation case filed in 2013. The bank said: "Credit Suisse is pleased to have reached an agreement that allows the bank to resolve the only remaining RMBS matter involving claims by a regulator and the largest of its remaining exposures on its legacy RMBS docket. The settlement, for which Credit Suisse is fully provisioned, marks another important step in the bank's efforts to pro-actively resolve litigation and legacy issues."
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GLOB | Hot Stocks05:43 EDT Globant announces multi-year agreement with Globant - FIFA has struck a multi-year agreement with Globant to supercharge the growth of the FIFA+ streaming platform and support football's flagship events, starting with the FIFA World Cup Qatar 2022. Globant will be the Global Platform Supporter of FIFA+, the game-changing digital destination launched earlier this year. As part of its responsibilities, Globant - which has 25,900 employees and a presence in 20 countries - will create new features and connected experiences for FIFA+ users while supporting the distribution of the platform. In addition, the company will be a Regional Supporter of this year's FIFA World Cup in North America and Europe, as well as a Sponsor of the FIFA Women's World Cup Australia & New Zealand 2023. Globant will also be a FIFAe Series Global Sponsor in 2023, 2024 and 2025, and a worldwide Tournament Supporter of the FIFA U-17 Women's World Cup 2024, FIFA U-20 Women's World Cup 2024, FIFA U-17 World Cup 2025 and FIFA U-20 World Cup 2025.
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ERIC | Hot Stocks05:30 EDT Ericsson enters long-term strategic 5G contract with Reliance Jio Infocomm - Ericsson has entered into a long-term strategic 5G contract with Indian communications service provider, or CSP, Reliance Jio Infocomm to roll out 5G Standalone, or SA, in the country. The announcement follows the allocation of 5G spectrum in the recently concluded auctions in India. This is the first partnership between Jio and Ericsson for radio access network deployment in the country. Jio's Standalone 5G network deployment represents a major technology leap since it modernizes the network infrastructure to deliver a truly transformative 5G experience to consumers and enterprises. The capabilities of 5G SA are expected to drive innovation and build a robust 5G ecosystem and deliver advanced services. Ericsson's energy-efficient 5G Radio Access Network, or RAN, products and solutions and E-band microwave mobile transport solutions will be deployed in the 5G network for Jio. All products and solutions are deployed on new-build 5G SA networks, designed to maximize the benefits of 5G to CSPs and their customers - whether individual subscribers or enterprise and industry customers.
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NOK | Hot Stocks05:28 EDT Nokia selected as major supplier by Reliance Jio for 5G ran - Nokia announced that it has been selected as a major supplier by Reliance Jio to supply 5G Radio Access Network, or RAN, equipment from its comprehensive AirScale portfolio countrywide in a multi-year deal. Reliance Jio is India's number one mobile operator and has one of the largest RAN footprints in the world. Under the contract, Nokia will supply equipment from its AirScale portfolio, including base stations, high-capacity 5G Massive MIMO antennas, and Remote Radio Heads, or RRH, to support different spectrum bands, and self-organizing network software. Reliance Jio plans to deploy a 5G standalone network which will interwork with its 4G network. The network will enable Reliance Jio to deliver advanced 5G services such as massive machine-to-machine communications, network slicing, and ultra-low-latency.
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CLVS | Hot Stocks05:26 EDT Clovis announces updated LuMIERE trial results - Clovis announced an oral presentation at the 35th Annual European Association of Nuclear Medicine Congress, or EANM, detailing updated Phase 1 data from the Clovis Oncology-sponsored Phase 1/2 LuMIERE clinical study investigating the safety, pharmacokinetics, dosimetry, and preliminary anti-tumor activity of its targeted radiotherapy candidate, FAP-2286 labeled with lutetium-177. Overall, in eleven patients treated in the first three dose cohorts, 177Lu-FAP-2286 demonstrated a manageable safety profile and encouraging evidence of anti-tumor activity, including previously reported confirmed partial response, or PR, per RECIST in one patient and an additional patient with RECIST stable disease, or SD, through cycle four of treatment. FAP-2286 targets fibroblast activation protein, or FAP, a promising theranostic target with expression across many tumor types. FAP-2286 is the first peptide-targeted radionuclide therapy, or PTRT, and imaging agent targeting FAP to enter clinical development and is the lead candidate in Clovis Oncology's targeted radionuclide therapy, or TRT, development program. The Phase 1 portion of the LuMIERE study is evaluating the safety of the investigational therapeutic agent 177Lu-FAP-2286 to identify the recommended Phase 2 dose and schedule. The safety and tumor uptake of the imaging agent 68Ga-FAP-2286 is also being evaluated, with plans for Phase 2 expansion cohorts in multiple tumor types to initiate in Q1.
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NOK | Hot Stocks05:22 EDT Nokia announces Generation 6 broadband platform - Nokia has announced the world's first Generation 6 broadband platform, designed for a 'fiber-for-everything' world where fiber broadband networks evolve to become a single infrastructure for all services. The new Lightspan MF-14 platform extends the upper end of Nokia's fiber broadband portfolio. The new platform will be premiered at the Network X event in Amsterdam.
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ACN TEAM | Hot Stocks05:18 EDT Accenture, Atlassian partner on agility services - Accenture (ACN) and Atlassian (TEAM) have formed a strategic partnership to help organizations drive more value from technology investments, improve customer and employee experiences, embrace change and create new business value with enterprise agility services.
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KRKR | Hot Stocks05:16 EDT 36Kr Holdings Enterprise Service Review Platform enters partnership with Lenovo - 36Kr Holdings announced that its Enterprise Service Review Platform has entered into strategic cooperation with Lenovo. 36Kr will provide in-depth marketing services designed to empower Lenovo's business unit targeting small- and medium-sized businesses with customer acquisition solutions, as well as improve its brand influence. Under the cooperation, 36Kr will provide a broad array of value-added services, including precise customer acquisition, brand management and interactive marketing, among others. Leveraging its advanced big data analytics, 36Kr Enterprise Service Review Platform will identify effective marketing qualified leads for Lenovo SMB. At the same time, the platform will extend Lenovo's reach among potential customers through diverse marketing campaigns, such as live streaming events, specialized forums and evaluation reports. Notably, 36Kr and Lenovo jointly created a content channel targeting "specialized, refined, differentiated and innovative" enterprises to enhance Lenovo's brand influence and empower small- and medium-sized enterprises to expand their businesses. The Lenovo-sponsored channel was launched on 36Kr's official website in August this year.
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